NEW DELHI--(BUSINESS WIRE)-- (NYSE: FICO) Highlights Payment Fraud is the top financial crime concern for 34% of Indians Identity theft worries persist, with 37% believing they have or might have been victims Real-time payment scams are on the rise, with 64% receiving scam communications Fraud protection is paramount, with ease of use and good fraud protection ranking as top considerations for selecting financial services providers FICO, a leading global analytics software firm, today unveiled its latest global consumer fraud research, shedding light on Indians' ongoing appreh...
Parks! America Issues Open Letter to Shareholders, “Your Choice is Now Clear” PINE MOUNTAIN, Georgia, May 20, 2024 (GLOBE NEWSWIRE) -- Parks! America, Inc. (OTCPink: PRKA) (“Parks! America” or the “Company”), a leading operator of regional safari parks in the United States, today issued an open letter to the Company’s shareholders outlining the clear choice hanging in the balance at its annual meeting of shareholders scheduled for June 6, 2024. Dear Parks! America Shareholders, After five months of wasting your time and damaging Parks! America by causing the diversion of money and manag...
Moody's Ratings (Moody's) downgraded EyeCare Partners, LLC ("ECP")'s Probability of Default Rating (PDR) to D-PD from Caa2-PD and Corporate Family Rating (CFR) to Caa3 from Caa2 following the closing of the company's debt capital restructuring. Moody's downgraded the PDR to D-PD as the rating agency...
At the analyst meeting to review MINT’s 1Q24 performance, we saw that growth in the hotel business contributed to lower core losses from operations during the low travel season in Europe while there were no surprises from operations. We see many catalysts in 2Q24 as many impactful events will be held during Europe’s high travel season. As MINT’s hotels are located across Europe, we expect the company to benefit. Maintain BUY. Target price: Bt39.00.
We expect HANA’s revenue and gross margin to increase qoq in 2Q24 and continue to recover in 2H24, mainly supported by a recovery in demand for many products and contribution of more SiC. We also believe that negative factors, such as a minimum wage hike, rising raw material prices, and US-China tariffs will not have a huge impact on HANA’s earnings. Upgrade to BUY. Target price: Bt52.00.
The sector reported 1Q24 earnings of Bt5.6b, up 9% yoy and 5% qoq, above our forecast but in line with consensus estimates. Credit cost improvement indicates a better asset quality outlook. Furthermore, an anticipated economic recovery in 2H24 due to government stimuli and measures, including a potential rate cut in 2H24, will be a positive for the finance sector. We upgrade the finance sector to OVERWEIGHT. Our top picks are MTC and TIDLOR due to their robust asset quality outlook.
Moody's Ratings (Moody's) has assigned provisional ratings to 13 classes of CMBS securities, to be issued by ELM Trust 2024-ELM, Commercial Mortgage Pass-Through Certificates, Series 2024-ELM: 15-Pack Certificates Cl. A-15, Assigned (P)Aaa (sf) Cl. X-CP-15*, Assigned (P)Baa2 (sf) Cl. B-15, Assi...
KEY HIGHLIGHTS Sector REITs: 1Q24 round-up: More pluses than minuses. Update Centurion Corp (CENT SP/BUY/S$0.535/Target: S$0.77): 1Q24 business update is better than expected with revenue rising by 30% yoy. Upgrade 2024-26 earnings estimates. Maintain BUY with a higher target price of S$0.77. TRADERS’ CORNER Jiutian Chemical Group (JIUC SP): Trading BUY UMS Holdings (UMSH SP): Trading SELL
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KEY HIGHLIGHTS Sector Finance Expect credit cost to continue improving; macro factors will facilitate growth. Upgrade to OVERWEIGHT. Update Hana Microelectronics (HANA TB/BUY/Bt41.25/Target: Bt52.00) Seeing brighter outlook ahead. Upgrade to BUY. Minor International (MINT TB/BUY/Bt33.00/Target: Bt39.00) No surprises going into high season of travel in 2Q24.
KEY HIGHLIGHTS Initiate Coverage Joyson Electronics Corp (600699 CH/BUY/Rmb16.71/Target: Rmb26.00) We initiate coverage on Joyson with a BUY rating. Joyson is one of the world’s top three automotive safety product makers with a 30% market share. The company’s extensive automotive electronic product portfolio enables it to tap the 41% eight-year CAGR of the global smart EV market, especially smart cockpits, high-voltage fast-charging systems, intelligent vehicle connectivity products and ADAS...
For the 21 S-REITs under our coverage, two were above expectations with three below expectations. The hospitality segment registered the strongest NPI growth averaging 9% yoy. We saw double-digit positive rental reversions for downtown malls, offices and logistics properties. Maintain OVERWEIGHT. BUY CDREIT (Target: S$1.48), FCT (Target: S$2.71), FEHT (Target: S$0.82), FLT (Target: S$1.55), KREIT (Target: S$1.20) and LREIT (Target: S$0.93).
GREATER CHINA Initiate Coverage Joyson Electronics Corp (600699 CH/BUY/Rmb16.71/Target: Rmb26.00) Riding on the vehicle electrification and intelligentisation trends. Initiate coverage with BUY. Target price: Rmb26.00. Results Li Auto (2015 HK/SELL/HK$99.90/Target: HK$70.00) 1Q24: Results miss estimates with unexpected operating loss. Cut target price from HK$85.00 to HK$70.00. Maintain SELL. INDONESIA Update United Tractors (UNTR IJ/SELL/Rp22,850/Target: Rp20,...
Starting off the year strongly, Centurion reported a 30% yoy increase in 1Q24 revenue with robust contributions from both the PBWA and PBSA segments. The results were better than expected with 1Q24 revenue making up 30% of our full-year forecasts. With greater confidence in its near- to medium-term outlook, backed by continued high levels of construction spending in Singapore, we have raised 2024-26 earnings by 9- 12%. Maintain BUY with a higher target price of S$0.77.
KUALA LUMPUR, Malaysia--(BUSINESS WIRE)-- (NYSE: FICO) Highlights Payment Fraud is top financial crime concern for 32% of Malaysians Identity theft worries persist, with 37% believing they have or might have been victims Real-time payment scams are on the rise, with 76% receiving scam communications Fraud protection is paramount, with ease of use and good fraud protection ranking as top considerations for selecting financial services providers FICO, a leading global analytics software firm, today unveiled its latest global consumer fraud research, shedding light on Malaysians'...
UNTR expects to sell 3,800-4,000 units of heavy equipment in 2024 with UD Truck and Scania sales declining by 30%. Pama’s overburden removal volume and coal delivery volume is expected to rise by 5% while fees are expected to be flat. Coking coal sales volume is expected to jump by 16% and thermal coal volume by 6.5%. Gold sales volume is expected at 235,000 t.oz with selling price of over US$2,000/t.oz. We expect a 17.7% yoy drop in 2024 NPAT. Maintain SELL with a target price of Rp20,000.
Tomorrow is both Google Marketing Live (aka GML, GOOGL’s annual event for performance/direct response ads) and the opening keynote for MSFT’s multi-day Build conference. After GOOGL announced the broader rollout of AI Overviews (fka Search Generative Experience) at Google I/O, we expect to hear about wider tests of advertising in AI Overviews at Google Marketing Live.
Moody's Ratings (Moody's) has affirmed Nationwide Children's Hospital's (OH) (NCH) Aa2 and Aa2/VMIG 1 ratings. The outlook is stable. NCH had $1.3 billion of debt outstanding at fiscal year-end 2023. The affirmations reflect NCH's continued strong operating performance, solid market position, and ex...
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