reports
- Felix Fischer
Lucror Analytics - Morning Views Europe
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 assigns definitive rating to Urbs Series 2 backed by c...
Moody's Ratings (Moody's) has assigned a definitive rating to the following transaction. The complete rating action is as follows: Transaction Name: Urbs Series 2 Class, Issue Amount, Interest Rate, Rating Tokkin ABL, JPY22.6 billion, Floating, Aaa (sf) Closing Date: May 27, 2024 Final Maturity Date...
Moody's Ratings assigns definitive rating to Urbs Series 2 backed by c...
1/6NEWSContact:東京 東京菅 伸一郎 関 雄介主任格付アナリスト／VP-SCO 格付責任者／ｱｿｼｴｲﾄ･ﾏﾈｰｼﾞﾝｸﾞ･ﾃﾞｨﾚｸﾀｰストラクチャード・ファイナンス ストラクチャード・ファイナンスムーディーズSFジャパン株式会社 ムーディーズSFジャパン株式会社お客様専用電話番号：03-5408-4210 報道関係者電話番号：03-5408-4220お客様専用電話番号：03-5408-4210 報道関係者電話番号：03-5408-4220[MSFJ]投資用マンションローン債権を裏付けとするUrbs シリーズ2に格付を付与 発行額226億円の証券化商品を対象として 2024年...
Moody's Ratings upgrades CBA's senior unsecured ratings to Aa2; outloo...
Moody's Ratings (Moody's) has upgraded the Commonwealth Bank of Australia's (CBA) long-term senior unsecured and issuer ratings to Aa2 from Aa3, long-term Counterparty Risk Rating (CRR) to Aa1 from Aa2, long-term Counterparty Risk (CR) Assessment to Aa1(cr) from Aa2(cr), and Baseline Credit Assessme...
- Kate Luang
- Xiaowei Wu
Crystal International (2232 HK): 1Q24: Positive order growth; eyeing d...
We held an investor luncheon with Crystal. Management believes the apparel restocking cycle has just begun and sees the trend will likely continue in 2024-25. We forecast a 7.7%/7.9%/8.1% net margin in 2024-26 on enhanced automation and operating leverage. Management indicated its interest in returning excess cash to shareholders and targets a long-term dividend payout ratio of 60-70%. Maintain BUY with a higher target price of HK$4.76.
- Kenny Yong Hui Lim
Huize Holding (HUIZ US): 1Q24: Revenue in line; earnings decline on 20...
Huize posted a mixed bag of 1Q24 results with in-line revenue but disappointing earnings performance due to a 22% yoy increase in channel cost, partly offset by strong FYP growth and continued operating leverage enhancement. Overseas expansion is on track with Hong Kong revenue contribution rising to 7% and the anticipated launch of Southeast Asia operations in the next two quarters. Maintain BUY with an unchanged target price of US$2.00.
- Jo Yee Ng
- Shirley Wang Xueyi
- Stella Guo Yuting
Miniso (MNSO US): Mini toys, big joy.
Miniso is the largest lifestyle value retailer in China. The company’s diversified product offerings, immersive shopping environment and close customer interactions differentiate Miniso from traditional retailers. We like Miniso for its rapid business expansion momentum, especially in overseas markets, supported by an asset-light business model and efficient supply chain. We initiate coverage with BUY and target price of US$31.20 (HK$61.60).
- Ziv Ang Sze Champ
China Renewable Energy: Solar energy equipment: Spot prices free-falli...
Impacts of overcapacity on China’s solar module supply chain continued to deepen, with spot prices free-falling across the supply chain last week. China installed 14.37GW of new solar PV capacity in Apr 24, with 4M24 cumulative installation reaching 671.47GW (+52.4% yoy). The export boom to Asia may not be sustainable with the reimplementation of ALMM in India from Apr 24. Potential trade war escalation remains a key concern along with a dimming module export outlook. Maintain UNDERWEIGHT.
OPPO Find X7 Ultra First to Achieve DXOMARK Eye Comfort Display Label
EQS Newswire / 27/05/2024 / 05:45 CET/CEST Find X7 Ultra is the first device to achieve the DXOMARK Eye Comfort Display Label for its Gold-rated display. To achieve this mark of quality, Find X7 Ultra's screen flicker, minimum brightness, blue light filtering and colour consistency meet an exacting standard set by DXOMARK. SHENZHEN, CHINA - - 27 May 2024 - OPPO Find X7 Ultra, the Ultimate Camera Phone, has achieved DXOMARK's Gold Display Label and is the first device to earn the Eye Comfort Display Label for its holistic approach to screen quality and eye comfort. ...
- Malaysia Research Team
Malaysia Daily - Monday, May 27, 2024
KEY HIG HLIGH TS Company Results IOI Corporation (IOI MK/BUY/RM3.98/Target: RM4.70) Page 2 3QFY24: Results below expectations as we were too optimistic on its downstream margin. Despite this, IOI still financially and operationally outperforms peers. Malayan Banking (MAY MK/HOLD/RM9.98/Target: RM9.55) Page 5 1Q24: Results largely in line; earnings supported by strong non-interest income and loans growth. Maintain HOLD. Malaysia Marine And Heavy Engineering Holdings Page 8 (MMHE MK/BUY/RM0.52/Tar...
Moody's Ratings assigns provisional rating to Auto Loan Trust Receivab...
Moody's Ratings (Moody's) has assigned a provisional rating to the following transaction. The complete rating action is as follows: Transaction Name: Auto Loan Trust Receivable ABL No. 210348 Class: ABL Rating: (P)Aaa (sf) Issue Amount: JPY60 billion Interest Rate: Fixed Closing Date: June 25, 2024 ...
Moody's Ratings assigns provisional rating to Auto Loan Trust Receivab...
1/6NEWSContact:東京 東京苅込 敦 関 雄介主任格付アナリスト／VP-SCO 格付責任者／ｱｿｼｴｲﾄ･ﾏﾈｰｼﾞﾝｸﾞ･ﾃﾞｨﾚｸﾀｰストラクチャード・ファイナンス ストラクチャード・ファイナンスムーディーズSFジャパン株式会社 ムーディーズSFジャパン株式会社お客様専用電話番号：03-5408-4210 報道関係者電話番号：03-5408-4220お客様専用電話番号：03-5408-4210 報道関係者電話番号：03-5408-4220[MSFJ]オートローン債権を裏付けとするオートローン債権信託ABL No. 210348に予備格付を付与 発行額600億円の証券化商品を対象...
Exploration Results Meyas Sand Gold Project - Sudan
Exploration Results Meyas Sand Gold Project - Sudan Perth, May 27, 2024 (GLOBE NEWSWIRE) -- EXPLORATION UPDATE FOR MEYAS SAND GOLD PROJECT - SUDAN Perth, Western Australia/ May 27, 2024/Perseus Mining Limited (ASX/TSX: PRU) is pleased to provide an update on exploration activities and studies completed to date at its Meyas Sands Gold Project (MSGP) in Sudan. The full release with drill results tables and figures is available on , and Since acquiring the MSGP in May 2022, Perseus has focussed on the development of the Galat Sufur South (GSS) deposit, and when possible, has conducted i...
- Kampon Akaravarinchai
COM7 (COM7 TB) - 2024 Bottom-line Growth To Remain Sluggish vs Peers
We still expect an unexciting 2Q24 earnings momentum yoy following a slowdown in top-line growth and yoy gross profit margin contraction. We expect a better yoy earnings growth momentum in 2H24 following a low base effect and the government’s stimulus policy. However, COM7’s 2024 earnings growth will still underperform its retail peers’. Maintain HOLD. Target price: Bt21.00.
- Kampon Akaravarinchai
- Greater China Research Team
- Kate Luang
- Kenny Yong Hui Lim
- Shirley Wang Xueyi
- Stella Guo Yuting
- Xiaowei Wu
- Ziv Ang Sze Champ
Greater China Daily: Monday, May 27, 2024
KEY HIGHLIGHTS Sector Renewable Energy Impacts of overcapacity on China’s solar module supply chain continued to deepen, with spot prices free-falling across the supply chain last week. China installed 14.37GW of new solar PV capacity in Apr 24, with 4M24 cumulative installation reaching 671.47GW (+52.4% yoy). The export boom to Asia may not be sustainable with the re-implementation of ALMM in India from Apr 24. Potential trade war escalation remains a key concern along with a dimming module e...
- 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 upgrades BPER Banca S.p.A.'s long-term deposit and sen...
Moody's Ratings (Moody's) has today upgraded the following ratings of BPER Banca S.p.A. (BPER): its long-term (LT) deposit ratings to Baa1 from Baa2, LT issuer and senior unsecured debt ratings to Baa3 from Ba1, senior unsecured Medium-Term Note (MTN) programme rating to (P)Baa3 from (P)Ba1, junior ...
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