reports
- Dan Salmon
Alphabet (GOOGL, Buy, $166 target) First Thoughts After the Call
What’s New: In this first take following tonight’s results, we touch on: 1. Search remains strong but begins lapping contribution from APAC-based retailers 2. The dividend finally arrives (plus another $70B share buyback authorization) 3. No surprise, Capex commentary implies 2024 full year figure well above consensus. 4. Cloud + YouTube = $100B run-rate at YE2024; our estimate is slightly higher 5. Continued progress on cost optimization
- Alicia Garcia Herrero
- Kohei Iwahara
Moody's Ratings assigns provisional ratings to auto ABS issued by Taur...
Moody's Ratings (Moody's) has assigned the following provisional ratings to notes to be issued by BNY Trust Company of Australia Limited in its capacity as the trustee of the Taurus 2024-1PP Trust. IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. SUC...
- 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
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 International Airport Finance, S.A. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 23 April 2024 in which Moody's reassessed the appropriateness of the rat...
Moody's Ratings: No adverse rating impact on the Senior Secured Notes ...
Moody's Ratings (Moody's) announced today that it has reviewed the Senior Secured Notes of Cometa Energia, S.A. de C.V. in conjunction with the proposal to purchase the 130 MW La Lucha solar facility from Northland Power Inc. with the incurrence of an amortizing 7-year $150 million pre-payable bank ...
- Adrian Loh Tzum Yung
Keppel (KEP SP) - 1HFY24: Resilient Growth In Consumption At Suburban ...
FCT’s suburban malls saw an influx of shopper traffic and tenant sales increased 4.3% yoy in 2QFY24, which exceeded pre-pandemic levels by 20%. Positive rental reversion picked up to 7.5% in 1HFY24 (FY23: 4.7%). NEX would be enhanced by: a) decanting existing car park space for conversion into 60,000sf of commercial space, and b) rightsizing the tenant mix to reduce the reliance on anchor tenants. FCT provides a defensive FY25 distribution yield of 5.5%. Maintain BUY. Target price: S$2.71.
- Jonathan Koh
Frasers Centrepoint Trust (FCT SP) - 1HFY24: Resilient Growth In Consu...
FCT’s suburban malls saw an influx of shopper traffic and tenant sales increased 4.3% yoy in 2QFY24, which exceeded pre-pandemic levels by 20%. Positive rental reversion picked up to 7.5% in 1HFY24 (FY23: 4.7%). NEX would be enhanced by: a) decanting existing car park space for conversion into 60,000sf of commercial space, and b) rightsizing the tenant mix to reduce the reliance on anchor tenants. FCT provides a defensive FY25 distribution yield of 5.5%. Maintain BUY. Target price: S$2.71.
- Adrian Loh Tzum Yung
- Jonathan Koh
Singapore Daily: Friday, April 26, 2024
KEY HIGHLIGHTS Results Frasers Centrepoint Trust (FCT SP/BUY/S$2.17/Target: S$2.71): 1HFY24: Resilient growth in consumption at suburban malls. Update Keppel (KEP SP/BUY/S$6.86/Target: S$8.89): Steady as she goes. TRADERS’ CORNER iFAST Corp (IFAST SP): Trading SELL AEM Holdings (AEM SP): Trading SELL
Dominion Lending Centres Inc. Announces Sale of its Interest in Impact...
Dominion Lending Centres Inc. Announces Sale of its Interest in Impact Communications VANCOUVER, British Columbia, April 25, 2024 (GLOBE NEWSWIRE) -- Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to announce that it has completed a sale of its 52% interest in Cape Communications International Inc. (“Impact”) for aggregate cash proceeds of $3.71 million (the “Purchase Price”) to Impact management (the “Purchaser”). The Corporation will use the cash proceeds from the sale to fully repay its junior term facility. Gary Mauris, Chairman and Chief Executive ...
- Adrian Loh Tzum Yung
- Benjaphol Suthwanish
- Carol Dou Xiao Qin
- Desmond Chong Chee Wai
- Jo Yee Ng
- Johnny Yum Chung Man
- Jonathan Koh
- Kasemsun Koonnara
- Shirley Wang Xueyi
- Stella Guo Yuting
- Stevanus Juanda
- Sunny Chen
- Tanaporn Visaruthaphong
Regional Morning Meeting Notes: Friday, April 26, 2024
GREATER CHINA Results Aier Eye Hospital Group (300015 CH/BUY/Rmb12.24/Target: Rmb15.00) 2023: Satisfactory results; weak economic conditions may cloud 2024 growth visibility. Shanxi Xinghuacun Fenjiu (600809 CH/BUY/Rmb245.58/Target: Rmb321.00) 2023: Results in line; accelerating nationwide expansion. Update Xiaomi Corp (1810 HK/BUY/HK$16.60/Target: HK$21.00) Stronger confidence in EV business after Investor Day and factory visit. INDONESIA Results Unilev...
600809 SHANXI XINGHUACUN FEN WINE FACTORY CO. LTD. CLASS A
TOP THAI OIL PUBLIC CO. LTD.
300015 AIER EYE HOSPITAL GROUP CO. LTD. CLASS A
UNVR PT UNILEVER INDONESIA TBK
PTTEP PTT EXPLORATION & PRODUCTION PLC
BN4 KEPPEL CORPORATION LIMITED
AP AP THAILAND
TCAP THANACHART CAPITAL PCL
01810 XIAOMI CORP. CLASS B
VITRO VITROX CORP BHD
World Intellectual Property Day: OPPO Maintains Top 10 Global IP Ranki...
EQS Newswire / 26/04/2024 / 03:00 CET/CEST In the "OPPO Innovation and Intellectual Property White Paper", OPPO reaffirms its long-term commitment to innovation and its proactive defense intellectual property strategy. OPPO is investing significantly in AI innovation and is committed to advancing and popularizing AI Phones. SHENZHEN, CHINA - - 26 April 2024 - Today, OPPO, a Leading global technology company, released its "OPPO Innovation and Intellectual Property White Paper" on World Intellectual Property (IP) Day, reaffirming its steadfast commitment to innovation an...
Orbia Announces First Quarter 2024 Financial Results
MEXICO CITY--(BUSINESS WIRE)-- Orbia Advance Corporation, S.A.B. de C.V. (BMV: ORBIA*) (“the Company” or “Orbia”) today released unaudited results for the first quarter of 2024. Orbia’s first quarter performance reflects the continued weakness in the market environment, primarily driven by sustained elevated interest rates, lower prices, delays in private and public infrastructure projects and continued subdued demand in Europe. The Company continues to operate with strong fiscal and operational discipline, proactively managing the factors within its control during a challenging market envir...
Moody's Ratings: No rating impact on BOQ's Series 2008-1 REDS Trust af...
Moody's Ratings (Moody's) announced today that the addition of AUD183.6 million of mortgage loans into Series 2008-1 REDS Trust on 26 April 2024 (the Substitution) would not, in and of itself and as of this point in time, result in a reduction, placement on review for possible downgrade or withdrawa...
- Stevanus Juanda
Unilever Indonesia (UNVR IJ) - 1Q24: Post-boycott Recovery With 1Q24 S...
UNVR’s 1Q24 NPAT rose 3.1% yoy to Rp1,449b, in line with expectations. In 1Q24, UNVR experienced a sales recovery after the boycott in 4Q23, with a 24.4% qoq sales growth in 1Q24. UNVR mentioned that the ice cream business spinoff will develop on a global level. 1Q24 sales declined by 5%, driven by a 4.9% price reduction, but gross margin expanded by 61bp yoy. We expect 2024 NPAT to rise by a mediocre 5.4% yoy. Maintain HOLD with a target price of Rp3,200.
- Maskun Ramli
- Stevanus Juanda
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