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Tian Hou
  • Tian Hou

ATHM: Positive On 1Q24 Performance Due To Improvement In The Auto Mark...

ATHM will report 1Q24 results on May 8th before the markets open with an 8 am ET conference call. We are positive about ATHM’s 1Q24 performance. The auto market in China continues to improve driven by EV sales. The market share of EV cars has already reached 31.1% in China. With aggressive competition in the EV area, ATHM has become one of the most wanted platforms for market and customer acquisition. As China is adopting auto trade-in measures, we believe auto sales is likely to go up further t...

Tian Hou
  • Tian Hou

BABA: Positive On Longer-Term Outlook As China’s Economy Is Showing Si...

BABA will report FY4Q24 results on May 14th before the markets open with a 7:30am ET conference call. We believe BABA’s FY4Q24E performance is likely to be in line, but we are positive about the longer-term outlook. BABA is adopting a new strategy focusing on user acquisitions for each business unit, including e-commerce business, cloud business, cross-border commerce, and local services. The company started to use low prices and subsidies. As such, while we expect BABA’s business to resume grow...

Tian Hou
  • Tian Hou

JD: China’s Economy May Have Bottomed As The Property Market Is Starti...

JD will report 1Q24 results on May 16th before the US markets open with an 8am ET conference call. Due to multiple stimulating measures from the government, particularly the relaxation of the limitation for top-tier city housing purchases, we expect China’s economy to resume better growth soon. As such, JD is likely to benefit from that.

FORVIA SE: Update to credit analysis

Our credit view of this issuer reflects its solid liquidity, constrained by its high exposure to the cyclicality of global light vehicle production.

 PRESS RELEASE

Marcus & Millichap Releases Cold Storage Property Research Report

CALABASAS, Calif.--(BUSINESS WIRE)-- , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today its 2024 Cold Storage Special Report, which highlights the strategic advantages of investing in cold storage properties. “A rapid rise in online grocery sales has spurred demand for temperature-controlled storage facilities,” said Alan L. Pontius, national director of Marcus & Millichap’s Office & Industrial division. “From 2019 to 2023, share of total online grocery store spending grew 470 basis points to an all-t...

Moody’s Ratings affirms Confianza’s Baa2 IFSR; outlook stable

New York , May 3, 2024 – Moody's Ratings ("Moody's") has affirmed the Baa2 global scale insurance financial strength (IFS) rating of Compañía Aseguradora de Fianzas S.A. Confianza ("Confianza"). The company's rating outlook remains stable. The affirmation of Confianza's Baa2 rating reflects the comp...

Moody's Ratings upgrades ratings on two classes of CLO notes issued by...

Moody's Ratings (Moody's) has upgraded the ratings on the following notes issued by OZLM VIII, LTD.: U.S.$29,100,000 Class B-R3 Senior Secured Deferrable Floating Rate Notes due 2029 (the "Class B-R3 Notes"), Upgraded to Aaa (sf); previously on June 9, 2023 Upgraded to Aa1 (sf) U.S.$36,900,000 C...

Moody's Ratings affirms Waconia ISD 110, MN's issuer and GO ratings at...

Moody's Ratings (Moody's) has affirmed Waconia Independent School District 110, MN's issuer rating and outstanding general obligation unlimited tax (GOULT) ratings at Baa3 and the district's outstanding certificate of participation (COP) rating at Ba1. As of fiscal 2023 (year-end June 30), the distr...

Euclid Public Library, OH: Initial credit analysis

Our credit view highlights the library's solid revenue base, strong cash reserves, and substantial expenditure flexibility balanced against weak resident income and high leverage.

Macroeconomics – Global: Economic Pulse Check: Alternative Data Monito...

Economic Pulse Check: Alternative Data Monitor. Geopolitical tensions are increasing exogenous risks to the global economic recovery. uncertainty around monetary policy dampens sentiment across the US and euro area, while.

 PRESS RELEASE

Nokia Oyj: Omien osakkeiden takaisinosto 03.05.2024

Nokia Oyj: Omien osakkeiden takaisinosto 03.05.2024 Nokia OyjPörssitiedote03.05.2024 klo 22.30 Nokia Oyj: Omien osakkeiden takaisinosto 03.05.2024 Espoo – Nokia Oyj (LEI: 549300A0JPRWG1KI7U06) on 03.05.2024 hankkinut omia osakkeitaan (ISIN FI0009000681) omistukseensa seuraavasti: Markkinapaikka (MIC Code)Osakkeiden lukumääräPainotettu keskihinta osakkeelta, euroa*XHEL379 8083,44CEUX--BATE--AQEU--TQEX--Yhteensä379 8083,44 * Kahden desimaalin tarkkuuteen pyöristettynä Nokia ilmoitti 25. tammikuuta 2024, että yhtiön hallitus on käynnistämässä osakkeidensa takaisinosto-ohjelman palauttaakse...

 PRESS RELEASE

Nokia Corporation: Repurchase of own shares on 03.05.2024

Nokia Corporation: Repurchase of own shares on 03.05.2024 Nokia CorporationStock Exchange Release03 May 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 03.05.2024 Espoo, Finland – On 03 May 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code)Number of sharesWeighted average price / share, EUR*XHEL379,8083.44CEUX--BATE--AQEU--TQEX--Total379,8083.44 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to...

Moody's Ratings assigns Aa3 to University of Cincinnati's (OH) revenue...

Moody's Ratings (Moody's) has affirmed University of Cincinnati's (OH) existing Aa3 issuer rating, Aa3 General Receipts bonds and A1 lease revenue bonds. Concurrently, Moody's has assigned Aa3 ratings to the university's $185 million of General Receipts Bonds, Series 2024A; $50 million of Taxable Ge...

 PRESS RELEASE

DXP Sets Date for 2024 First Quarter Earnings Release and Conference C...

HOUSTON--(BUSINESS WIRE)-- DXP Enterprises, Inc. (NASDAQ:DXPE), a leading products and service distributor that adds value and total cost savings solutions to MRO and OEM customers in virtually every industry, plans to issue a press release announcing its financial results for the first quarter ended March 31, 2024, on Wednesday, May 8th, after the market closes. DXP will host a conference call, to be web cast live, on the Company’s website () at 10:30 A.M. Central Time on Thursday, May 9th. The call and an accompanying slide presentation will be on the "Investor Relations" section of DXP's ...

 PRESS RELEASE

Tennant Company lance l'expansion internationale de la gamme de produi...

MINNEAPOLIS--(BUSINESS WIRE)-- (NYSE : TNC), un chef de file mondial de la conception, la fabrication et la commercialisation de solutions pour réinventer la façon nettoyer, annonce aujourd'hui le lancement des produits de lavage i-mop® Lite et i-mop ® XL Plus sous la marque Tennant sur les marchés du Brésil, de la France, du Portugal et de l'Espagne. L'i-mop est une solution innovante et mécanisée offrant un nettoyage plus efficace que l'approche conventionnelle avec serpillière et seau. L’expansion internationale de la gamme de produits i-mop de la marque Tennant représente une expansion du...

Cogent Communications Group, Inc.: Update to credit analysis following...

Our credit view of this issuer reflects its status as a low cost producer in internet transport market, offset by its highly competitive operating environment.

Gwinnett County School District, GA: Update to credit analysis

Our detailed view of the district's credit profile, which includes a strong economy, growing enrollment, healthy finances, and high leverage.

Moody's Ratings announces completion of a periodic review of ratings o...

Moody's Ratings (Moody's) has completed a periodic review of the ratings of CCC Intelligent Solutions Holdings Inc. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 1 May 2024 in which Moody's reassessed the appropriateness of the r...

Moody's Ratings upgrades ratings on two classes of notes issued by Ste...

Moody's Ratings (Moody´s) has upgraded the ratings on the following notes issued by Stewart Park CLO, Ltd.: U.S.$54,000,000 Class B-R Senior Secured Floating Rate Notes due 2030 (the "Class B-R Notes"), Upgraded to Aaa (sf); previously on January 16, 2018 Definitive Rating Assigned Aa1 (sf) U.S....

 PRESS RELEASE

Cairn Homes Plc: Transaction in Own Shares

Cairn Homes Plc (CRN) Cairn Homes Plc: Transaction in Own Shares 03-May-2024 / 20:00 GMT/BST 03 May 2024   Cairn Homes plc (the “Company”) Transaction in own shares     The Company announces that on 3rd of May 2024 it purchased a total of 100,000 of its ordinary shares of EUR 0.001 each (the "ordinary shares") on Euronext Dublin and the London Stock Exchange through the Company's broker Goodbody Stockbrokers UC (“Goodbody”), as detailed below. The repurchased shares will be cancelled.     Euronext Dublin London Stock Exchange Number of or...

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