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First National Bank Alaska announces unaudited results for first quart...
First National Bank Alaska announces unaudited results for first quarter 2024 ANCHORAGE, Alaska, May 06, 2024 (GLOBE NEWSWIRE) -- First National Bank Alaska’s (OTCQX:FBAK) net income for the first quarter of 2024 remained stable at $13.476 million, or $4.26 per share. This compares to a net income of $13.454 million, or $4.25 per share, for the same period in 2023. “Positive signs across sectors of the Alaska economy give First National an optimistic outlook for growth in the coming year, as evident in first quarter lending activity,” said Betsy Lawer, First National Board Chair and CE...
Moody's assigns provisional rating to Auto Loan ABS Program 2405 Serie...
Moody's SF Japan K.K. has assigned a provisional rating to the following transaction. The complete rating action is as follows: Transaction Name: Auto Loan ABS Program 2405 Series Class: ABL Rating: (P)Aaa (sf) Issue Amount: JPY398 million Interest Rate: Fixed Closing Date: May 13, 2024 Final Maturi...
Moody's assigns provisional rating to Auto Loan ABS Program 2405 Serie...
1/6NEWSContact:東京 東京齋藤 奈都子 関 雄介主任格付アナリスト／アナリスト 格付責任者／ｱｿｼｴｲﾄ･ﾏﾈｰｼﾞﾝｸﾞ･ﾃﾞｨﾚｸﾀｰストラクチャード・ファイナンス ストラクチャード・ファイナンスムーディーズSFジャパン株式会社 ムーディーズSFジャパン株式会社お客様専用電話番号：03-5408-4210 報道関係者電話番号：03-5408-4220お客様専用電話番号：03-5408-4210 報道関係者電話番号：03-5408-4220[MSFJ]信託提携オートローンプログラム2405シリーズに予備格付を付与 発行額3.98億円の証券化商品を対象として 2024年5月7日...
Helius Medical Technologies, Inc. Announces Pricing of $6.4 Million Pu...
Helius Medical Technologies, Inc. Announces Pricing of $6.4 Million Public Offering NEWTOWN, Pa., May 06, 2024 (GLOBE NEWSWIRE) -- Helius Medical Technologies, Inc. (Nasdaq: HSDT) (“Helius” or the “Company”), a neurotech company focused on delivering a novel therapeutic neuromodulation approach for balance and gait deficits, today announced the pricing of a public offering of 804,999 shares of its Class A common stock (“Common Stock”) and 2,047,222 Pre-Funded Warrants, each to purchase one share of Common Stock, together with accompanying Series A and Series B warrants to purchase up to a...
- Jacquelyn Yow Hui Li
- Leow Huey Chuen
Wilmar International (WIL SP) - Recovery In China; Accumulate On Weakn...
We expect 2Q24 earnings to be higher qoq and yoy, which is different from previous years when 2Q is usually lower qoq. This is mainly attributed to enhanced operating margin and good sales volume across all segments. We believe YKA’s performance would continue to improve with stronger consumer sentiment, margin improvement and higher utilisation rate for soybean crushing. Maintain HOLD. Target price: S$3.35. Buy on weakness.
- Chong Lee Len
- Llelleythan Tan Tan
StarHub (STH SP) - Favourable Tailwinds As DARE+ Initiatives Near The ...
Starhub is set to reach an inflection point in 2H24 as the group reaches the tail end of its DARE+ investment programme. We expect to see expanding margins along with earnings growth from the ongoing realisation of DARE+ benefits, which are likely to lead to higher dividends in our view. Data roaming recovery remains on track while the group reiterated its commitment to its share buyback programme. In view of the lush 2024 dividend yield of 6.7%, we maintain BUY with the same target price of S$1...
- Adrian Loh Tzum Yung
Offshore Marine - Bullish View Remains Despite Recent Volatility In Th...
Termination of jack-up contracts in the Middle East has injected some uncertainty into the market, however dayrates and utilisation rates appear to be holding up well. Despite geopolitical tensions in that region, oil prices have not spiked to elevated levels while global oil demand has been robust. Recent US oil services companies’ 1Q24 results have been bullish, reinforcing our confidence in the sector. Sector rating: OVERWEIGHT.
- Tanaporn Visaruthaphong
The One Enterprise Public Company (ONEE TB) - 1Q24 Results Preview: We...
We expect ONEE to report weak net earnings of Bt38m in 1Q24 (-27% yoy, -80% qoq), mainly impacted by higher selling costs and flat revenue and gross margin. Revenue could come in at Bt1.4b (flat yoy, -17% qoq) in 1Q24, pressured by advertising income, copyright, and production businesses. Despite the weak 1Q24 earnings, we believe ONEE’s outlook should improve afterwards. Maintain BUY. Target price: Bt6.20.
- Kampon Akaravarinchai
I-TAIL Corp (ITC TB) - 1Q24: Strong Earnings On A yoy Basis; Expect 2H...
ITC reported 1Q24 core profit of Bt878m, up 112% yoy and 8% qoq. Although we expect the company’s 2Q24 earnings to continue to increase yoy and qoq, we expect its 2H24 earnings to face more headwinds following the lower ASPs, additional depreciation expenses from the new plant, and the minimum wage hike. Maintain HOLD. Target price: Bt20.00.
- Johnny Yum Chung Man
Estun Automation (002747 CH): 4Q23/1Q24: Another two sets of disappoin...
Estun’s posted another two sets of disappointing results for both 4Q23 and 1Q24, reporting a core net loss for both quarters due to a combination of worse-than-expected gross margins and elevated operating expenses. While management is upbeat on 2024, we remain cautious on the company given the worsening competition landscape caused by both domestic and foreign brands in the Chinese market which may further erode ASP and margins. Downgrade to SELL, cut target price to Rmb14.00.
- Kasemsun Koonnara
Thailand Construction – Expect Contractors Under Our Coverage To Post...
CK and STEC are expected to report net losses in 1Q24, at -Bt65m and -Bt27m respectively, mainly due to a higher share of loss from associates. We foresee the sector being pressured by the expectation of poor results in 1Q24. However, the earnings of CK and STEC are expected to improve in 2Q24. In addition, the sector is expected to benefit from public project bidding in 2Q-4Q24. Maintain OVERWEIGHT.
- Damon Shen
- Jieqi Liu
China Property: Expect sales improvement in May on low base; watch PBO...
The politburo vowed to digest the housing stockpile, marking a major policy shift. For May, we would focus on: a) follow-up actions by the PBOC (solving the problem of funding) and NDRC (He Lifeng is among the key persons working on the destocking issue); and b) sales performance of developers, which is expected to improve on the lower base of Apr 24 and May 23. Maintain MARKET WEIGHT. Sentiment is elevated but with high volatility. Add Longfor to our top picks for a potential sales improvement.
- Kampon Akaravarinchai
- Kasemsun Koonnara
- Tanaporn Visaruthaphong
Thailand Daily - Tuesday, May 07, 2024
KEY HIGHLIGHTS Sector Construction Expect contractors under our coverage to post negative results in 1Q24. Results I-TAIL Corp (ITC TB/HOLD/Bt21.00/Target: Bt20.00) 1Q24: Strong earnings on a yoy basis; expect 2H24 earnings to decline hoh. Update The One Enterprise Public Company (ONEE TB/BUY/Bt4.28/Target: Bt6.20) 1Q24 results preview: Weak results expected.
Moody's Ratings downgrades Clearwater Paper's senior unsecured notes r...
Moody's Ratings (Moody's) downgraded Clearwater Paper Corporation's ("Clearwater") senior unsecured notes rating to B1 from Ba3. At the same time, Moody's confirmed the company's Ba2 corporate family rating (CFR) and Ba2-PD probability of default rating (PDR), with a stable outlook. Clearwater's spe...
- Damon Shen
- Greater China Research Team
- Jieqi Liu
- Johnny Yum Chung Man
Greater China Daily: Tuesday, May 7, 2024
KEY HIGHLIGHTS Sector Property The politburo vowed to digest the housing stockpile, marking a major policy shift. For May, we would focus on: a) follow-up actions by the PBOC (solving the problem of funding) and NDRC (He Lifeng is among the key persons working on the destocking issue); and b) sales performance of developers, which is expected to improve on the lower base of Apr 24 and May 23. Maintain MARKET WEIGHT. Sentiment is elevated but with high volatility. Add Longfor to our top picks f...
- 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
- Limartha Adhiputra
Semen Indonesia (SMGR IJ) - 1Q24: Weak Sales Volume From Bag Segment R...
SMGR reported a net profit of Rp472b in 1Q24, down 16.0% yoy due to a contraction in the bag cement sales volume and lower ASP caused by the application of promotional discounts. However, 1Q24 results are still within expectations. We maintain our 2024 and 2025 NPAT estimates at Rp2.6t (+18.5% yoy) and Rp3.1t (+20.2% yoy) respectively. Maintain BUY with a target price of Rp7,000. We think the share price is significantly undervalued at below -2SD to its average five-year EV/EBITDA.
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