reports
Moody's Ratings affirms KB Kookmin Card's A2 senior unsecured rating, ...
Moody's Ratings (Moody's) has today affirmed KB Kookmin Card Co., Ltd.'s A2/ P-1 long-term and short-term foreign currency and local currency issuer ratings, as well as its A2 long-term foreign currency senior unsecured rating. Moody's has also changed the entity-level outlook to negative from sta...
Moody's Ratings affirms KB Kookmin Card's A2 senior unsecured rating, ...
MOODY'S INVESTORS SERVICE 1Moody’s Ratings, KB국민카드의 ‘A2’ 선순위 무담보 채권등급 재확인; 전망 ‘부정적’으로 조정 2024 년 5 월 20 일、 홍콩 、 한국어 보도자료는 영문 보도자료의 번역본입니다. 한국어와 영문 보도자료 간에 상이한 점이 있을 경우 영어 원문이 우선합니다.Moody’s Ratings(이하 ‘무디스’)는 금일 케이비국민카드(이하 ‘KB국민카드’)의 ’A2’/‘P-1’ 장기/단기 외화표시 및 현지통화표시 기업신용등급(issuer rating)과 ‘A2’ 장기 외화표시 선...
Moody's Ratings assigns A3 to CapitaLand Ascendas REIT's euro MTN draw...
Moody's Ratings (Moody's) has assigned a senior unsecured rating of A3 to the SGD -denominated notes to be issued by CapitaLand Ascendas REIT (CLAR, A3 stable) under its existing euro medium-term note (MTN) program, which is rated (P)A3. The outlook is stable. CLAR will use the proceeds from the...
- Malaysia Research Team
Malaysia Daily - Monday, May 20, 2024
KEY HIG HLIGH TS Company Results Maxis (MAXIS MK/BUY/RM3.72/Target: RM4.20) Page 2 1Q24: A strong set of results driven by postpaid, enterprise and good cost discipline. Stock offers attractive risk-reward profile. Company Update Gas Malaysia (GMB MK/HOLD/RM3.54/Target: RM3.25) Page 5 Higher demand capacity to offset lower NG prices in 2024; stock offers attractive dividend yield of 6%. TRADERS’ CORNER Page 8 Bina Darulaman (DRLM MK): Technical BUY Eita Resources (EITA MK): Technical BUY
- Damon Shen
- Jieqi Liu
- Tham Mun Hon
Greater China Daily: Monday, May 20, 2024
KEY HIGHLIGHTS Economics Economic Activity April data was generally weak, with FAI and retail sales coming in below expectations and lower than the pace recorded in March. Industrial production was however stronger and is consistent with recent improvements in the Chinese and global manufacturing PMI. While the unemployment rate also fell to 5.0%, the slower growth in FAI and retail sales still points to weaker domestic demand. Sector Property The central government announced a policy co...
- Benjaphol Suthwanish
- Tanaporn Visaruthaphong
Thai Oil PCL (TOP TB) - GRM Declines, Putting Pressure On 2Q24 Core Pr...
We expect 2Q24 core profit to decline qoq due to weak GRM. However, we believe GRM will bottom out in May, driven by a seasonal rise in gasoline demand and low inventory levels. Meanwhile, the aromatics spread will continue to be strong in 2H24. Key projects for TOP include the CFP and CAP#2 projects, both of which are progressing as planned. Maintain BUY. Target price: Bt68.00.
- Benjaphol Suthwanish
PTT Oil & Retail Business (OR TB) - Expect 2Q24 Core Profit To Decreas...
Economic activities in Thailand continue to expand, particularly due to measures aimed at stimulating domestic consumption and tourism. This will support domestic oil demand. In 2024, we expect OR to achieve sales growth of 5% yoy. In the short term, negative factors such as the business's low season are expected to cause core profit to decline qoq in 2Q24. We expect marketing margins to decrease as the business enters its low season. Maintain HOLD. Target price: Bt20.00.
- Benjaphol Suthwanish
- Tanaporn Visaruthaphong
- Leonard Law
Lucror Analytics - Morning Views Asia
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar. To request full and unrestricted access to Lucror’s research and analytics platform, please visit
- Ewa Manthey
- Warren Patterson
Kyocera Corporation to Exhibit at Automotive Engineering Exposition 20...
KYOTO, Japan--(BUSINESS WIRE)-- Kyocera Corporation (President: Hideo Tanimoto) announced its participation in the Automotive Engineering Exposition 2024 in Pacifico Yokohama, Kanagawa Prefecture May 22-24 (booth #N32). Kyocera will showcase a compact FIR auto sensor that detects pedestrians and vehicles even in darkness or severe weather conditions, and an experiential demo of an electronic motorcycle throttle with precise sensor control to enable safer driving. Additionally, Kyocera will introduce in-car related components, products, and technologies. Recognized as one of Japan's premier sho...
- Benjaphol Suthwanish
- Chong Lee Len
- Damon Shen
- Jieqi Liu
- Limartha Adhiputra
- Llelleythan Tan Tan
- Tanaporn Visaruthaphong
- Tham Mun Hon
- Wei Xiang Ku
Regional Morning Meeting Notes: Monday, May 20, 2024
GREATER CHINA Economics Economic Activity April data reflects uneven progress. Sector Property The central government announced a solid policy combo to revive buyers’ sentiment, marking a positive action to mitigate the property industry’s risks. INDONESIA Results Indo Tambangraya Megah (ITMG IJ/SELL/Rp24,075/Target: Rp21,500) 1...
Virios Therapeutics Announces Pricing of $1.7 Million Public Offering ...
Virios Therapeutics Announces Pricing of $1.7 Million Public Offering of Common Stock to Commence Preparations for Planned IMC-2 Long-COVID Phase 2b Study ATLANTA, May 19, 2024 (GLOBE NEWSWIRE) -- Virios Therapeutics, Inc. (Nasdaq: VIRI) (the “Company” or “Virios Therapeutics”), a development-stage biotechnology company focused on advancing novel antiviral therapies to treat debilitating chronic diseases, including fibromyalgia (“FM”) and Long-COVID (“LC”), today announced the pricing of its previously announced public offering of 8,500,000 shares of its common stock at a public offering ...
- Limartha Adhiputra
Indo Tambangraya Megah (ITMG IJ) - 1Q24: NPAT Drops 34.8% qoq On Lower...
ITMG delivered a 1Q24 NPAT of US$61.6m, declining 66.3% yoy and 34.8% qoq mainly due to softer yoy ASP and lower qoq coal sales volume. The results were below expectations, but could improve in the next quarter as the sales volume might return to normal. We estimate 2024 and 2025 NPAT at US$346m (-30.7% yoy) and US$248m (- 28.3% yoy) respectively. Maintain SELL with a lower target price of Rp21,500.
- Chong Lee Len
- Llelleythan Tan Tan
Singapore Daily - Monday, May 20, 2024
KEY HIGHLIGHTS Results NetLink NBN Trust (NETLINK SP/BUY/S$0.865/Target: S$0.98): FY24: Soft results from higher costs; overall connections continue to grow. TRADERS’ CORNER Yangzijiang Financial Holding (YZJFH SP): Trading BUY Oversea-Chinese Banking Corp (OCBC SP): Trading BUY
- Limartha Adhiputra
- Maskun Ramli
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