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EHang Launches UAM Exhibition (Experience) Center in Shenzhen's Luohu ...
EHang Launches UAM Exhibition (Experience) Center in Shenzhen's Luohu District, Showcasing First Automated Smart eVTOL Vertiport for EH216-S GUANGZHOU, China, Jan. 21, 2025 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, announced the launch of its Exhibition (Experience) Center in Shenzhen’s Luohu Sports and Leisure Park. It is the world’s first EH216-S takeoff and landing site featuring a fully automated vertical lift vertiport. It also marks a new smart infrastructure in Shen...
Sandfire America Announces New Board Member
Sandfire America Announces New Board Member WHITE SULPHUR SPRINGS, Mont., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Sandfire Resources America Inc. ("Sandfire America" or the "Company") announces that Gemma Tually has been appointed to the Sandfire America Board of Directors effective immediately. This occurs in conjunction with Victoria Twiss stepping down from her seat on the Board. Ms. Tually is the Chief Legal & Compliance Officer for Sandfire Resources Ltd. (Australia); 86.9% owner of Sandfire America’s outstanding shares. Ms. Tually is a qualified solicitor with more than 20 years of legal...
Moody's Ratings assigns a rating to one class of notes issued by Ares ...
Moody's Ratings (Moody's) has assigned a rating to one class of notes issued by Ares LXXV CLO Ltd. (the Issuer or Ares LXXV): U.S.$369,000,000 Class A-1 Senior Floating Rate Notes due 2037 (the Class A-1 Notes), Definitive Rating Assigned Aaa (sf) RATINGS RATIONALE The rationale for the rating...
- Julia Pan Mengyao
- Ming San Soong
New Oriental Education & Technology Group (EDU US): 2QFY25: Revenue in...
EDU’s 2QFY25 results missed our expectations. Revenue grew 19% yoy to US$1,039m, in line with consensus estimate. Non-GAAP net profit came in at US$36m, missing our and consensus estimates, while net margin shrank 2ppt yoy to 3% for 2QFY25. EDU expects 3QFY25 revenue (excluding East Buy) to increase 18-21% yoy to US$1,007.3m- 1,032.5m, 2-3ppt below forecasts. Maintain BUY with a lower target price of US$80.00 (HK$63.00).
- Dan Salmon
Netflix (NFLX, Neutral, $785 target) First Take: Broad-based strength ...
What’s New: In our first take on tonight’s results, we dig into: 1. 4Q beats big, 2025 guide raised, 1Q25 guidance mixed 2. Ad revenue outperforms in 4Q24, doubles in 2024, to double again in 2025 3. UCAN price increase finally arrives 4. More visibility on Games and Live Sports strategy 5. Margins, FCF and capital return all remain solid
- Thanawat Thangchadakorn
SCB X (SCB TB) - 4Q24: Results Beat Expectations; Credit Costs Down q...
SCB reported 4Q24 net profit of Bt11.7b (+7% yoy, +7% qoq). The results are above our and market expectations by 12% and 18% respectively. The key positive surprise was lower-than-expected provision expenses. Robust non-II supported the bottom line. Meanwhile, asset quality improved qoq in 4Q24. We remain positive on its asset quality outlook. Maintain BUY with a higher target price of Bt140.00.
- Thanawat Thangchadakorn
Krung Thai Bank (KTB TB) - 4Q24: Results In Line; Big Drop In Credit C...
KTB reported 4Q24 net profit of Bt10.5b (+71% yoy, -6% qoq). The results were in line with our and consensus expectations. Non-II weakened qoq, attributed to a loss on financial instruments measured at FVPL. Meanwhile, a big drop in credit cost signalled a good asset quality trajectory. Overall asset quality is healthy. KTB will maintain a high coverage ratio to buffer against any economic uncertainties. Maintain BUY with a target price of Bt25.50.
- Thanawat Thangchadakorn
Kasikorn Bank (KBANK TB) - 4Q24: Results Exceed Market Expectations; M...
KBANK reported 4Q24 earnings of Bt10.5b (+12% yoy, -12% qoq). The results are in line with our forecast but exceed market expectation by 9%. Strong non-II boosted the overall performance. A qoq increase in credit cost raises our concerns but KBANK will likely maintain a normalised credit cost in 2025. We expect KBANK to maintain good asset quality in 2025. Maintain BUY with an unchanged target price of Bt190.00. KBANK is one of our top picks in the banking sector.
- Thanawat Thangchadakorn
Bangkok Bank (BBL TB) - 4Q24: Results In Line With Expectations; A Sig...
BBL reported 4Q24 earnings of Bt10.4b (+17% yoy, -17% qoq). The results were in line with our and consensus expectations. Provision expenses fell 7% qoq, resulting in a reduction in credit cost qoq. BBL reported a significant drop in NPL ratio qoq due to good results from debt restructuring in the past. However, we may see increased credit cost and NPL ratio like in the past regardless of an economic recovery. Maintain HOLD with a target price of Bt170.00.
Moody's Ratings downgrades Huaxin Cement's rating to Baa2; outlook sta...
Moody's Ratings (Moody's) has today downgraded Huaxin Cement Co., Ltd.'s (Huaxin Cement) issuer rating and the backed senior unsecured rating on the bond issued by Huaxin Cement International Finance Company Limited, to Baa2 from Baa1. The outlook is changed to stable from negative. "The downgra...
- Leonard Law
- Tanvi Arora
- Trung Nguyen
- Thanawat Thangchadakorn
Thailand Daily - Wednesday, January 22, 2025
KEY HIGHLIGHTS Results Bangkok Bank (BBL TB/HOLD/Bt151.50/Target: Bt170.00) 4Q24: Results in line with expectations; a significant drop in NPL ratio qoq. Kasikorn Bank (KBANK TB/BUY/Bt160.00/Target: Bt190.00) 4Q24: Results exceed market expectations; maintain normalised credit cost. Krung Thai Bank (KTB TB/BUY/Bt21.80/Target: Bt25.50) 4Q24: Results in line; big drop in credit costs signalling good asset quality. SCB X (SCB TB/BUY/Bt121.50/Target: Bt140.00) 4Q24: Results beat expectation...
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