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).
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...
Teva and Alvotech Announce SIMLANDI® (adalimumab-ryvk) Injection Now Available in the U.S. SIMLANDI is the first interchangeable high-concentration, citrate-free biosimilar to Humira® REYKJAVIK, Iceland and PARSIPPANY, N.J., May 21, 2024 (GLOBE NEWSWIRE) -- Teva Pharmaceuticals, a U.S. affiliate of Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) and Alvotech (NASDAQ: ALVO), today announced the availability of SIMLANDI (adalimumab-ryvk) injection in the U.S., as an interchangeable biosimilar to Humira for the treatment of adult rheumatoid arthritis, juvenile idiopathic arthrit...
Teva and Alvotech Announce SIMLANDI® (adalimumab-ryvk) Injection Now Available in the U.S. SIMLANDI is the first interchangeable high-concentration, citrate-free biosimilar to Humira® REYKJAVIK, ICELAND & PARSIPPANY, NJ — Teva Pharmaceuticals, a U.S. affiliate of Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) and Alvotech (NASDAQ: ALVO), today announced the availability of SIMLANDI (adalimumab-ryvk) injection in the U.S., as an interchangeable biosimilar to Humira for the treatment of adult rheumatoid arthritis, juvenile idiopathic arthritis, adult psoriatic arthritis, adult an...
Alvotech og Teva Pharmaceuticals hefja sölu á líftæknilyfjahliðstæðunni Simlandi í Bandaríkjunum Simlandi er fyrsta líftæknilyfjahliðstæðan í háum styrk með útskiptanleika við Humira á markaði í Bandaríkjunum Alvotech (NASDAQ: ALVO) og samstarfsaðili þess Teva Pharmaceuticals Ltd. tilkynntu í dag að sala væri hafin í Bandaríkjunum á Simlandi (adalimumab-ryvk), fyrstu líftæknilyfjahliðstæðunni í háum styrk með útskiptanleika við Humira sem hlotið hefur markaðsleyfi frá Matvæla- og lyfjaeftirliti Bandaríkjanna (FDA). „Við erum stolt af því að geta boðið meðferðaraðilum og sjúklingum í Banda...
West Coast Community Bancorp and 1st Capital Bancorp Announce Agreement to Merge SANTA CRUZ, Calif. and SALINAS, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- West Coast Community Bancorp (OTCQX: “SCZC”) (“Bancorp”), the holding company for Santa Cruz County Bank (“Bank”), headquartered in Santa Cruz, California, and 1st Capital Bancorp (OTCQX: “FISB”), the holding company for 1st Capital Bank, headquartered in Salinas, California, jointly announced today that they have entered into an agreement and plan of reorganization and merger (the “Agreement”), pursuant to which 1st Capital Bancorp will...
Owens-Brockway Glass Container Inc. Announces Pricing of Senior Notes Offering PERRYSBURG, Ohio, May 20, 2024 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE O-I Glass, Inc. (the “Company”) announced that Owens-Brockway Glass Container Inc. (“OBGC”), an indirect wholly owned subsidiary of the Company, priced a private offering (the “Offering”) of $300 million aggregate principal amount of its 7.375% senior notes due 2032 (the “Notes”) at par. The net proceeds to OBGC from the Offering are expected to be approximately $297 million, after deducting commissions but before offering expenses payabl...
Moody's Ratings (Moody's) has assigned a Aaa rating to the Port of Seattle, WA's expected $94.1 million Limited Tax General Obligation Refunding Bonds, 2024A (Non-AMT), the $62.7 million Limited Tax General Obligation Bonds, 2024B (AMT), and the $95.5 million Limited Tax General Obligation Bonds, 20...
Moody's Ratings (Moody's) upgrades four classes of notes issued by two Veros Auto Receivables Trusts. The notes are backed by pools of retail automobile loan contracts originated and serviced by Veros Credit, LLC. A comprehensive review of all credit ratings for the respective transactions has bee...
Moody's Ratings (Moody's) has affirmed the P-1 enhanced rating assigned to Hillsborough County, Florida, Capital Improvement Program Commercial Paper Notes, Series A, Series B (AMT) & Series C (Taxable) (collectively, the Notes) in connection with the substitution of the Revolving Credit Agreement (...
Telix Completes Proof-of-Concept Study of TLX592 Targeted Alpha Therapy in Prostate Cancer CUPID is a Phase I safety and dosimetry study of TLX592, Telix’s investigational antibody-based targeted alpha therapy for prostate cancer.Establishes proof-of-concept for Telix’s proprietary RADmAb® engineered antibody platform, currently under pre-clinical evaluation for multiple cancer targets.Initial results demonstrate rapid elimination from blood circulation compared to standard antibodies and hepatic (liver) clearance – both highly desirable characteristics for use with alpha emitting agents.Su...
Moody's Ratings (Moody's) has assigned an A3 rating to Howard County, MD's $17.19 million Special Obligation Refunding Bonds (Annapolis Junction Town Center Project), 2024 Series. The county has approximately $2.1 billion in debt outstanding, though this is the only debt outstanding on this project....
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