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Valens Research
  • Valens Research

Valens Credit Weekly Insights - 2024 05 15

Valens Credit Research team highlights OII which has a compelling bond offering that we believe the market is currently mispricing, with strong fundamentals, favorable management alignment, and an actionable trade.

Limartha Adhiputra ... (+2)
  • Limartha Adhiputra
  • Maskun Ramli

Indonesia Daily - Thursday, May 16, 2024

Property: Resilient amid uncertainties. TRADERS’ CORNER Bank Mandiri (BMRI IJ): Technical BUY Indofood CBP Sukses Makmur (ICBP IJ): Technical BUY

 PRESS RELEASE

Remitly Announces May 2024 Investor Conference Participation

Remitly Announces May 2024 Investor Conference Participation SEATTLE, May 15, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that its management team will participate in the following investor conferences: Barclays 14th Annual Emerging Payments and FinTech ForumDate: Thursday, May 16, 2024 J.P. Morgan 52nd Annual Global Technology, Media and Communications ConferenceDate: Monday, May 20, 2024Time: 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time The J.P. Morgan presentatio...

Moody's Ratings: No adverse rating impact on PB 2022-1R Trust followin...

Moody's Ratings (Moody's) announced that the purchase of AUD16.6 million of mortgages into PB 2022-1R Trust on 16 May 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 withdrawal of Moody's current...

 PRESS RELEASE

NOVONIX Announces Completion of Due Diligence for Combination of Natur...

NOVONIX Announces Completion of Due Diligence for Combination of Natural Graphite Interests into Axon Graphite BRISBANE, Australia, May 16, 2024 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX”), a leading battery materials and technology company, today announced that due diligence has been satisfactorily completed for both NOVONIX and Lithium Energy Limited (ASX: LEL)(“LEL”) to contribute their natural graphite exploration interests into a new company, Axon Graphite Limited (“Axon”). As previously announced, NOVONIX has agreed to divest MD South Tenements Pty L...

 PRESS RELEASE

Assure & Danam Postpone Corporate Update Call & Webcast Scheduled for ...

Assure & Danam Postpone Corporate Update Call & Webcast Scheduled for May 16 DENVER, May 15, 2024 (GLOBE NEWSWIRE) -- Assure Holdings Corp. (the “Company” or “Assure”) (NASDAQ: IONM), a provider of intraoperative neuromonitoring (“IONM”) and remote neurology services, announced today that the joint corporate update call with Danam scheduled for Thursday, May 16, 2024 at 4 p.m. Eastern Time has been postponed. The Company plans to reschedule the conference call at a later date. About Assure Holdings Assure Holdings Corp. is a best-in-class provider of outsourced intraoperative neu...

 PRESS RELEASE

Webcast Alert: Cavco Industries, Inc. Announces Fiscal 2024 Fourth Qua...

Webcast Alert: Cavco Industries, Inc. Announces Fiscal 2024 Fourth Quarter and Year End Earnings Release and Conference Call Webcast PHOENIX, May 15, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) will release earnings for the fourth quarter and fiscal year ended March 30, 2024 on Thursday, May 23, 2024 after the close of market. Senior management will discuss the results in a live webcast the following day, Friday, May 24, 2024 at 1:00 p.m. Eastern Time. Date:   May 24, 2024 Time:   1:00 p.m. ET            Listen via Internet: Listen via Telephone: ...

Moody's Ratings assigns A2 rating to Oncor's secured Euro notes

Moody's Ratings (Moody's) assigned A2 to Oncor Electric Delivery Company LLC's (Oncor) senior secured notes denominated in Euros ("Euronotes"). This is Oncor's inaugural Euronotes issuance. The rating outlook is stable. RATINGS RATIONALE The A2 rating assigned to the Euronotes is in line with On...

Min Joo Kang ... (+3)
  • Min Joo Kang
  • Nicky Mapa
  • Rob Carnell

Asia Morning Bites

Australia reports labour market data while the Bangko Sentral ng Pilipinas meets to decide on policy

 PRESS RELEASE

TBBB Invites You to Join Its First Quarter 2024 Earnings Conference Ca...

MEXICO CITY--(BUSINESS WIRE)-- BBB Foods Inc. (NYSE: TBBB) (“Tiendas 3B” or “the Company”) will report its first quarter 2024 earnings on May 22, 2024, after market close. You are invited to join our quarterly conference call, which will be webcast on May 23, 2024, at 11:00 a.m. ET. Anthony Hatoum, Chairman and CEO, and Eduardo Pizzuto, CFO, will host the call and take questions on the results. Event: Tiendas 3B First Quarter 2024 Results When: May 23, 2024, 11:00 a.m. ET Webinar /Dial In #: To join the webinar: To join via telephone: Dial one of the domestic or international nu...

Moody's Ratings assigns rating to one class of refinancing notes issue...

Moody's Ratings (Moody's) has assigned a rating to one class of refinancing notes (the "Refinancing Notes")  issued by Sound Point CLO XXI, Ltd. (the "Issuer"). Moody's rating action is as follows: U.S.$315,000,000 Class A-1A-R Senior Secured Floating Rate Notes Due 2031 (the "Class A-1AR Notes"...

Morgan Stanley: Update to credit analysis

Our credit view of this issuer reflects its strong capital and liquidity, against its confidence-sensitive customers and a high reliance on wholesale funding.

Soomit Datta
  • Soomit Datta

DLO US (Buy, TP: $16, +60%) dLocal - Notes from CEO Pedro call back; u...

We spent time with CEO Pedro Arnt today and update our model, remodeling also for the new gross profit (GP) disclosure by country. We have made sizeable cuts to estimates.

Moody's Ratings assigns ratings to two classes of notes issued by Hild...

Moody's Ratings (Moody's) has assigned ratings to two classes of notes issued by Hildene TruPS Resecuritization P26BC, LLC (the "Issuer"). Moody's rating action is as follows: U.S.$66,000,000 Class A Notes due 2037, Assigned Baa2 (sf) U.S.$40,000,000 Class B Notes due 2037, Assigned B1 (sf) T...

Ameren Corporation: Update to credit analysis

Our credit view of Ameren reflects generally supportive regulatory environments, though recently more challenging in Illinois, relatively high parent debt and moderate carbon transition risk

Port Isabel (City of) TX: New issuer

Our credit view of Port Isabel, including its modest leverage, weak but improving finances and economic concentration in tourism

 PRESS RELEASE

Une fois de plus primé : ChargePost d'ADS-TEC Energy récompensé par le...

NÜRTINGEN, Allemagne--(BUSINESS WIRE)-- ADS-TEC Energy annonce aujourd'hui que ChargePost a remporté un prix allemand de l'innovation dans la catégorie Excellence in Business to business : E-Mobility Technologies, en reconnaissance de son design, de sa marque et de son innovation. ChargePost est une station de charge rapide à batterie, développée et produite en Allemagne, qui permet de recharger les véhicules électriques hors réseau en quelques minutes. Le jury a déclaré : « Avec la station de recharge rapide ChargePost d'ADS-TEC Energy, les longs temps d'attente lors des recharges de voitures...

 PRESS RELEASE

Inhibikase Therapeutics Reports First Quarter Financial Results and Hi...

Inhibikase Therapeutics Reports First Quarter Financial Results and Highlights Recent Period Activity Company to host conference call on Thursday, May 16, 2024 at 8:00 a.m. ET BOSTON and ATLANTA, May 15, 2024 (GLOBE NEWSWIRE) -- Inhibikase Therapeutics, Inc. (Nasdaq: IKT) (Inhibikase or Company), a clinical-stage pharmaceutical company developing protein kinase inhibitor therapeutics to modify the course of Parkinson's disease ("PD"), Parkinson's-related disorders and other diseases of the Abelson Tyrosine Kinases, today reported financial results for the first quarter ended March 31, 2...

MSCI Inc.: Profitability mitigates risks from small scale and debt app...

Despite a relatively small scale and high debt level, MSCI's credit quality has improved enough for a shift to investment grade from speculative.

Moody's Ratings assigns A1 to E-470 Public Highway Authority, CO's Sen...

Moody's Ratings (Moody's) has assigned an A1 rating to the E-470 Public Highway Authority, CO's ("E-470") $45.84 million Senior Revenue Bonds, Series 2024A and $138.64 million Senior Revenue Bonds, Series 2024B (SOFR Index Term Rate Bonds). The outlook is stable. RATINGS RATIONALE The A1 rating ...

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