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 PRESS RELEASE

Corbion reports the progress of its € 20 million share buyback program...

Corbion reports the progress of its € 20 million share buyback program 13 May – 17 May 2024 Corbion hereby reports the transaction details related to its € 20 million share buyback program announced on 26 April 2024. During the week of 13 May up to and including 17 May 2024 a total of 132,271 shares were repurchased at an average price of €21.5402 for a total amount of €2,849,146.51. To date, the total consideration for shares repurchased amounts to €4,848,631.04 representing 24.24% of the overall share buyback program. Corbion publishes on a weekly basis every Monday, an overview of the...

 PRESS RELEASE

Unifiedpost Group’s Q1 2024 update

Unifiedpost Group’s Q1 2024 update PRESS RELEASE - Regulated Information  La Hulpe, Belgium—20 May 2024, 7:00 a.m. CET – Regulated Information – Unifiedpost Group SA (Euronext Brussels: UPG) (Unifiedpost, Group), a leading provider of integrated business communications, publishes its results for the first quarter of 2024. Key Highlights Recurring digital services revenue (core business) excluding the planned divestments (FitekIn/Onea and 21 Grams) shows an organic growth of 13,2% YoYRecurring digital services revenue reported organic growth of 6,0% YoY (5,7% as reported)Digital serv...

 PRESS RELEASE

Hexagon Purus and Hino Trucks Introduce Tern: A Pioneering Electric He...

Hexagon Purus and Hino Trucks Introduce Tern: A Pioneering Electric Heavy-Duty Truck Las Vegas, NV, May 20, 2024 – Today at the , in partnership with , proudly announces the launch of Tern, a dedicated zero-emission truck brand along with their inaugural vehicle model, the RC8, a groundbreaking battery electric Class 8 tractor tailored for the U.S. market. This innovative semi-tractor leverages Hexagon Purus' years of development of zero-emission drivetrains for heavy-duty trucks and represents a driver-preferred option for fleets that are electrifying practical routes. A product of t...

ABGSC Food & Beverage Research ... (+3)
  • ABGSC Food & Beverage Research
  • Benjamin Wahlstedt
  • Fredrik Ivarsson

Turning fat into fortune

Excess capacity to be filled with high-margin products. Mix improvements to drive multiple, upside risk to cons. estimates. We rate the stock BUY, TP of SEK 330 based on 24x P/E.

Mateusz Pudlo
  • Mateusz Pudlo

Update on Noctiluca S.A.

Noctiluca is a Polish deep tech company and develops next-gen OLED emitters.

Adrian Kowollik
  • Adrian Kowollik

Update on ELQ S.A.

ELQ is the leading producer of transformer stations in Poland.

 PRESS RELEASE

Hepsor U34 SIA, Hepsor AS group company, signed construction agreement...

Hepsor U34 SIA, Hepsor AS group company, signed construction agreement for the construction of StokOfiss 34 project in Riga Hepsor U34 SIA, a subsidiary of Hepsor AS Group, and construction company Mitt&Perlebach signed a contract on May 17, 2024, for the construction of a development project called StokOfiss 34 in Riga at Ulbrokas 34. The construction contract is approximately 9.6 million euros, plus value-added tax. The development will consist of a commercial building with office, commercial, and warehouse space totaling approximately 8,740 square meters. Completion is planned for the th...

 PRESS RELEASE

Hepsor ASi kontserni ettevõte Hepsor U34 SIA sõlmis ehituslepingu Stok...

Hepsor ASi kontserni ettevõte Hepsor U34 SIA sõlmis ehituslepingu StokOfiss 34 projekti ehitamiseks Riias Hepsor ASi kontserni ettevõte Hepsor U34 SIA ja ehituettevõte Mitt&Perlebach allkirjastasid 17. mail 2024 lepingu StokOfiss 34 nimelise arendusprojekti ehitamiseks Riias aadressil Ulbrokas 34. Ehituslepingu maht on ligikaudu 9,6 miljonit eurot, millele lisandub käibemaks. Arendamisele tuleb ärihoone kontori-, kaubandus- ja laopindadega kogumahus ligikaudu 8 740 m2, mille valmimine on planeeritud 2025. aasta kolmandasse kvartalisse. StokOfiss U34 on kavandatud Hepsori rohelist mõtt...

Ryman Hospitality Properties, Inc: Update to credit analysis

Our credit view of this issuer reflects its historically sound leverage and coverage, constrained by its inherent volatility of lodging business.

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...

High-Yield Nonfinancial Companies – Asia (ex Japan): B3N List drops to...

Property developers in China and in Indonesia account for the majority of companies with B3 negative and lower ratings among rated high-yield companies in Asia excluding Japan.

FP Turbo Series 2024-1 Trust: New Issue – FleetPartners' first Austral...

Our credit view of the transaction, including our analysis of the assets and the securitisation structure.

Credit Outlook: 20 May 2024

Published Monday and Thursday mornings, Moody’s Credit Outlook provides you with the credit implications of current events.

Malaysia Research Team
  • 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 ... (+3)
  • 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 ... (+2)
  • 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
  • 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.

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