reports
Harju Elekter Group financial results, 1-3/2024
Harju Elekter Group financial results, 1-3/2024 Commentary from the management Harju Elekter’s 2024 began with more modest results than in the year before. In the longer term, however, it was still a strong first quarter. Despite our efforts to minimise seasonality, the Q1 and Q4 results tend to be weaker than the Q2 and Q3 results. In this year as well, the significant increase in production volumes started in March, and based on orders is expected to continue until the end of autumn. The biggest contribution to the financial results originated from production in Lithuania, and from prod...
Harju Elekter kontserni majandustulemused, 1-3/2024
Harju Elekter kontserni majandustulemused, 1-3/2024 Juhatuse kommentaar Harju Elektri 2024. aasta algas tagasihoidlikumate tulemustega kui aasta varem. Pikemas võrdluses on siiski tegemist tugeva I kvartaliga. Vaatamata meie püüdlustest hooajalisust minimeerida, kujunevad I ja IV kvartali tulemused tavaliselt nõrgemateks II ja III kvartali omadest. Ka käesoleval aastal algas märkimisväärne tootmismahtude kasv alles märtsis ning jätkub tellimuste kohaselt vähemalt sügise lõpuni. Suurima panuse finantstulemustesse andis Leedu ning mõningal määral ka Eesti tootmine. Soome tootmisüksuses on e...
Moody's Ratings assigns provisional ratings to OurMoneyMarket's inaugu...
Moody's Ratings (Moody's) has assigned provisional ratings to notes to be issued by AMAL Trustees Pty Ltd, as trustee of Handy ABS 2024-1 Trust. IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. SUCH USE WOULD BE RECKLESS AND INAPPROPRIATE. SEE FULL D...
Moody's Ratings upgrades the ratings on notes issued by flexicommercia...
Moody's Ratings (Moody's) has upgraded ratings on three classes of notes issued by flexicommercial ABS Trust 2021-2. IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. SUCH USE WOULD BE RECKLESS AND INAPPROPRIATE. SEE FULL DISCLAIMERS BELOW. The affe...
- Malaysia Research Team
Malaysia Daily - Wednesday, April 24, 2024
KEY HIG HLIGH TS Sector Update Automobile – Malaysia Page 2 MAA Mar 24 TIV: Higher sales due to Hari Raya promotions and rush deliveries. Company Update Scientex (SCI MK/BUY/RM4.04/Target: RM4.58) Page 4 Scientex continues to offer stellar mid- to long-term prospects alongside palatable valuations. Maintain BUY with a target price of RM4.58 UOBKH Highlights Axis REIT (AXRB MK/HOLD/RM1.86/Target: RM1.92) Page 7 1Q24: Results within expectations. TRADERS’ CORNER Page 8 Aurelius Technologies (ATECH...
- Heidi Mo Jinghui
- John Cheong Ming Chern
Aztech Global : 1Q24: Earnings In Line With Expectations; Robust Order...
n the face of postponed customer orders from snowstorms in China, Aztech’s 1Q24 earnings of S$15.9m (+19% yoy) are still largely in line with our forecast, forming 15% of our 2024 estimate. IoT devices remain the key revenue contributor, making up 99% of revenue. Orderbook continues to be healthy at S$456m as of 23 Apr 24, with the majority planned for completion in 2Q24. This indicates a strong 2Q24 and healthy revenue growth for 2024. Maintain BUY with a target price of S$1.25.
- Jonathan Koh
Keppel REIT : 1Q24: Broad-based Growth From Singapore And Australia
KREIT had a resilient performance with Singapore and Australia generating positive rental reversions of 10.1% and 16.4% respectively in 1Q24. Management has raised guidance for rental reversion from mid to high single-digit for 2024. 255 George Street is expected to provide a yield of above 6% and accretion of 1.4% on pro forma FY23 DPU. KREIT’s valuation is attractive with 2024 distribution yield of 7.1% (CICT: 5.7% and Suntec: 6.3%) and P/NAV at 0.66x. Maintain BUY. Target price: of S$1.2...
- Heidi Mo Jinghui
- John Cheong Ming Chern
Nanofilm Technologies International : 1Q24: Revenue In Line But Still ...
Nanofilm’s 1Q24 revenue of S$39m (+19% yoy) is in line with expectations at 20% of our full-year estimate, but earnings are still in the red. AMBU saw a 41% yoy growth due to a 51% growth in the 3C sector and a 24% growth in the automobile sector. Gross margin rose 3ppt yoy due to increased contribution from the 3C and industrial segments. Maintain SELL with a 6% lower target price of S$0.56 after cutting our 2024 EPS. Nanofilm is trading at 18x 2024F PE vs 14x for Singapore peers.
- Tanaporn Visaruthaphong
WHA Corporation (WHA TB) - 1Q24 Results Preview: Robust Earnings Expec...
We expect WHA to post 1Q24 earnings of Bt933m (+79% yoy, -62% qoq). Stronger yoy earnings are mainly driven by land transfers. We expect to see land transfers of 646 rai (+130% yoy, -41% qoq), with 388 rai in Thailand and 259 rai in Vietnam. Meanwhile, land transfers should amount to around 642 rai (32% yoy, -11% qoq). Looking forward, we expect positive sentiment of land sales and land transfers to continue for the rest of the year. Maintain BUY. Target price: Bt6.00.
- Arsit Pamaranont
IRPC (IRPC TB) - 1Q24 Preview: Still Facing Headwinds
After recent discussions with IRPC's IR team regarding the company’s 1Q24 results, it appears that IRPC is still facing headwinds from weaker demand in the petrochemical business. We maintain the view that earnings recovery will be delayed to 2H24. Maintain HOLD. Target price: Bt2.10.
- Benjaphol Suthwanish
SCGP (SCGP TB) -1Q24: Better-than-expected Net Profit
SCGP’s 1Q24 net profit increased both qoq and yoy, beating our and consensus expectations of 13% and 18% respectively due to effective cost management. We maintain our positive view on 2Q24 core profit, which is expected to increase yoy after demand in the region recovers. The acquisition of additional Fajar shares will end no later than 27 Aug 24. We view it as
- Heidi Mo Jinghui
- John Cheong Ming Chern
- Jonathan Koh
Singapore Daily - Wednesday, April 24, 2024
KEY HIGHLIGHTS Results Aztech Global (AZTECH SP/BUY/S$0.935/Target: S$1.25): 1Q24: Earnings in line with expectations; robust orderbook drives optimism. Keppel REIT (KREIT SP/BUY/S$0.85/Target: S$1.20): 1Q24: Broad-based growth from Singapore and Australia. Nanofilm Technologies International (NANO SP/SELL/S$0.64/Target: S$0.56): 1Q24: Revenue in line but still loss-making; maintain SELL on rich valuation. TRADERS’ CORNER Aztech Global (AZTECH SP): Trading BUY Venture Corp (VMS SP): Tradi...
Mueller Water Products Announces Quarterly Dividend
Mueller Water Products Announces Quarterly Dividend ATLANTA, April 23, 2024 (GLOBE NEWSWIRE) -- . (NYSE: MWA) announced that its Board of Directors has declared a quarterly dividend of 6.40 cents ($0.064) per share, payable on or about May 20, 2024, to stockholders of record as of the close of business on May 10, 2024. About Mueller Water Products, Inc. Mueller Water Products, Inc. is a leading manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. Our broad product and service portfolio includes engineered v...
- Arsit Pamaranont
- Benjaphol Suthwanish
- Tanaporn Visaruthaphong
Thailand Daily - Wednesday, April 24, 2024
KEY HIGHLIGHTS Results SCGP (SCGP TB/BUY/Bt33.25/Target: Bt38.00) 1Q24: Better-than-expected net profit. Update IRPC (IRPC TB/HOLD/Bt1.93/Target: Bt2.10) 1Q24 preview: Still facing headwinds. WHA Corporation (WHA TB/BUY/Bt4.66/Target: Bt6.00) 1Q24 results preview: Robust earnings expected.
- Damon Shen
- Greater China Research Team
- Jieqi Liu
- Jo Yee Ng
- Johnny Yum Chung Man
- Julia Pan Mengyao
- Kenny Yong Hui Lim
- Ming San Soong
- Shirley Wang Xueyi
- Stella Guo Yuting
- Ziv Ang Sze Champ
Greater China Daily: Wednesday, April 24, 2024
KEY HIGHLIGHTS Strategy China And Hong Kong Property A comparison between H-REITs and C-REITs. Results China Tourism Group Duty Free (601888 CH/BUY/Rmb71.72/Target: Rmb106.20) 1Q24: Core profit grew 0.2% yoy; inventories improving; expect further gross margin expansion. iFlytek (002230 CH/HOLD/Rmb41.97/Target: Rmb40.00) FY23 and 1Q24: Earnings missed; dividend of Rmb1.00 for every 10 shares. Jonjee Hi-Tech Industrial & Commercial (600872 CH/BUY/Rmb27.55/Target: Rmb36.10) 1Q24: Results abov...
600872 JONJEE HI-TECH INDUSTRIAL AND COMMERCIAL HOLDING CO. LTD. CLASS A
300124 SHENZHEN INOVANCE TECHNOLOGY CO. LTD CLASS A
601888 CHINA TOURISM GROUP DUTY FREE CORPORATION LIMITED CLASS A
2318 PING AN INSURANCE (GROUP) COMPANY OF CHINA LTD. CLASS H
2899 ZIJIN MINING GROUP CO. LTD. CLASS H
Xunlei Filed Its Annual Report on Form 20-F for Fiscal Year 2023
Xunlei Filed Its Annual Report on Form 20-F for Fiscal Year 2023 SHENZHEN, China, April 24, 2024 (GLOBE NEWSWIRE) -- Xunlei Limited (“Xunlei” or the “Company”) (NASDAQ: XNET), a leading technology company providing distributed cloud services in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission (the “SEC”) on April 23, 2024. The annual report can be accessed on the Company’s investor relations website at or the SEC’s website at . About Xunlei Founded in 2003, Xunlei Limited (NASDAQ:...
Vertex, Inc. Announces Pricing of Upsized $300 Million Convertible Sen...
Vertex, Inc. Announces Pricing of Upsized $300 Million Convertible Senior Notes Offering KING OF PRUSSIA, Pa., April 23, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex”), a leading global provider of indirect tax solutions, today announced the pricing of $300 million aggregate principal amount of 0.750% convertible senior notes due 2029 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The size of the offering was increased from the previously announced $250 millio...
- Anas Fitri Bin Ahmad
- Arsit Pamaranont
- Benjaphol Suthwanish
- Ceilica Su Rui
- Damon Shen
- Heidi Mo Jinghui
- Jack Goh Tooan Orng
- Jieqi Liu
- Jo Yee Ng
- John Cheong Ming Chern
- Johnny Yum Chung Man
- Jonathan Koh
- Julia Pan Mengyao
- Kenny Yong Hui Lim
- Ming San Soong
- Posmarito Pakpahan
- Shirley Wang Xueyi
- Stella Guo Yuting
- Tanaporn Visaruthaphong
- Ziv Ang Sze Champ
Regional Morning Meeting Notes: Wednesday, April 24, 2024
GREATER CHINA Strategy China And Hong Kong Property A comparison between H-REITs and C-REITs. Results China Tourism Group Duty Free (601888 CH/BUY/Rmb71.72/Target: Rmb106.20) 1Q24: Core profit grew 0.2% yoy; inventories improving; expect further gross margin expansion. iFlytek (002230 CH/HOLD/Rmb41.97/Target: Rmb40.00) FY23 and 1Q24: Earnings missed; dividend of Rmb1.00 for every 10 shares. Jonjee Hi-Tech Industrial & C...
002230 IFLYTEK CO. LTD. CLASS A
600872 JONJEE HI-TECH INDUSTRIAL AND COMMERCIAL HOLDING CO. LTD. CLASS A
BBCA PT BANK CENTRAL ASIA TBK
NANO NANOCO GROUP
300124 SHENZHEN INOVANCE TECHNOLOGY CO. LTD CLASS A
601888 CHINA TOURISM GROUP DUTY FREE CORPORATION LIMITED CLASS A
2318 PING AN INSURANCE (GROUP) COMPANY OF CHINA LTD. CLASS H
2899 ZIJIN MINING GROUP CO. LTD. CLASS H
KREIT KEPPEL REIT
SCI SCI E&C
WHA TB WHA CORP PCL
SCGP SCG PACKAGING PCL
AZTECH AZTECH GLOBAL LTD
Moody's Ratings assigns Baa3 rating to NHPC; outlook stable
Moody's Ratings (Moody's) has assigned Baa3 issuer ratings and ba1 Baseline Credit Assessment (BCA) to NHPC Limited. The outlook is stable. RATINGS RATIONALE NHPC's Baa3 rating reflects its BCA of ba1, the high level of extraordinary support from, and the company's very high level of dependenc...
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