reports
Fortuna reports financial results for the first quarter of 2024
Fortuna reports financial results for the first quarter of 2024 (All amounts are expressed in US dollars, tabular amounts in millions, unless otherwise stated) VANCOUVER, British Columbia, May 07, 2024 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) (“Fortuna” or the “Company”) today reported its financial and operating results for the first quarter of 2024. First Quarter 2024 highlights Financial Attributable net income of $26.3 million or $0.09 per share, compared to a $92.3 million attributable net loss or $0.30 per share in Q4 2023Adjusted attributable net inc...
Rogers $1M Season of Canada’s Got Talent: CGT Reveals the First Six Pe...
Rogers $1M Season of Canada’s Got Talent: CGT Reveals the First Six Performers Heading to the Finale, May 14 on Citytv – Rogers is giving this year’s winner $1M, the largest cash prize in Canadian television history –– Starting now, Canadians have until 4 a.m. ET / 1 a.m. PT to vote two additional acts into the finale at /vote –– Catch up on tonight’s episode of Canada’s Got Talent on-demand or stream on Citytv+. Next week’s live finale airs Tuesday at 8 p.m. ET / 5 p.m. PT on Citytv and Citytv+ –– Interviews available by request –– – TORONTO, May 07, 2024 (GLOBE NEWSWIRE) -- On tonig...
La saison à 1 million de dollars de Canada’s Got Talent signée Rogers ...
La saison à 1 million de dollars de Canada’s Got Talent signée Rogers : Canada’s Got Talent dévoile l’identité des six premiers artistes ou groupes à se rendre à la finale diffusée le 14 mai sur Citytv – Rogers remettra 1 million de dollars à la ou les personnes derrière le numéro gagnant, soit le plus gros prix en argent de l’histoire de la télévision canadienne –– À compter d’aujourd’hui, le public canadien peut faire passer deux autres numéros à la finale en votant d’ici 4 h (HE) ou 1 h (HP) sur le site /vote –– Regardez l’épisode de ce soir de Canada’s Got Talent sur demande ou en conti...
Moody's Ratings assigns provisional rating to Bank of Queensland's sof...
Moody's Ratings (Moody's) has today assigned a provisional long-term rating of (P)Aaa to the covered bonds to be issued by Bank of Queensland Limited (issuer/BOQ, A1(cr), Baa1 stable, baa1) under its AUD6 billion soft bullet covered bond programme. IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATION...
- 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
- Dan Salmon
Reddit (RDDT, Hold, $54 target) First Take: DAUq Growth & Margins Hig...
What’s New: In this first take following tonight’s results, we touch on: 1. 1Q24 tops our Street-high estimates, 2Q a little light vs NSR but above consensus. 2. DAUq growth exceeds even our lofty expectations. 3. Ad revenue likely decelerates slightly in 2Q, but roadmap remains robust. 4. No OpenAI data licensing deal announced, but more color on the emerging business roadmap. 5. While user and revenue growth get most attention, margins were very impressive.
- Stevanus Juanda
Mitra Adiperkasa (MAPI IJ) - 1Q24: Lower Margins Earned, Higher Intere...
MAPI recorded 1Q24 NPAT of Rp414b, rising 5.9% yoy and 2.4% qoq. The reported 1Q24 NPAT is below our and consensus forecasts. Sales grew 17.8% yoy in 1Q24. The soft 1Q24 NPAT was caused by a lower gross margin earned, higher interest costs (up 55% yoy) and Gaza-related boycotts that affected Starbucks’ operations. Starbucks suffered losses in 1Q24. Maintain BUY with a lower target price of Rp2,000 (42.3% upside).
- Stevanus Juanda
Kalbe Farma (KLBF IJ) - 1Q24: Excellent SG&A Management Results In Dou...
KLBF reported 1Q24 NPAT of Rp958b, up 11.9% yoy and 36.4% qoq. The reported NPAT is above our and consensus expectations. The excellent SG&A management resulted in operating profit and net income rising 13.6% yoy and 11.9% yoy respectively, despite a 6.3% sales growth. The decline in skim milk powder prices caused nutritional margin to expand. Meanwhile, pharma margin declined, causing overall gross margin to drop by 120bp. Maintain HOLD. Target price: Rp1,500.
- Carol Dou Xiao Qin
- Damon Shen
- Greater China Research Team
- Jieqi Liu
- Jo Yee Ng
- Shirley Wang Xueyi
- Stella Guo Yuting
- Sunny Chen
Greater China Daily: Wednesday, May 8, 2024
KEY HIGHLIGHTS Sector Healthcare Going through a prolonged funding winter, China’s biopharma market is still growing at a CAGR of 6.9% in 2019-24, outpaced the global industry. Leading players have continuously enhanced their R&D capabilities with increasing new product launches. Innovation is driving growth and supporting the industry’s rosy outlook. The number of innovative drugs launched in China rocketed from 1 in 2017 to 34 in 2023. Our top picks are Innovent and Hansoh Pharma. Maintain...
New Silk Road Investment Appoints Northern Trust to Provide Outsourced...
SINGAPORE--(BUSINESS WIRE)-- Northern Trust (Nasdaq: NTRS) today announced that it has been selected to provide outsourced trading via its Integrated Trading Solutions (ITS) for New Silk Road Investment Pte Ltd., a Singapore-based investment manager. Founded in 2009, New Silk Road invests in Asian companies with the goal to achieve long-term returns. In addition to the new remit for trading services, Northern Trust continues to provide global custody services for New Silk Road funds which it has done since 2011. “New Silk Road came to us looking for a solution to help navigate cross-border...
- Jonathan Koh
Singapore Daily: Wednesday, May 8, 2024
KEY HIGHLIGHTS Results Frasers Logistics & Commercial Trust (FLT SP/BUY/S$1.01/Target: S$1.55) 1HFY24: Scaling up in logistics properties. Update Lendlease Global Commercial REIT (LREIT SP/BUY/S$0.55/Target: S$0.96) Makes progress in backfilling Building 3 and locking in lower costs in 3QFY24. TRADERS' CORNER Singapore Airlines (SIA SP): Trading BUY Jardine Cycle & Carriage (JCNC SP): Trading BUY
- Maskun Ramli
- Stevanus Juanda
Indonesia Daily - Wednesday, May 8, 2024
Kalbe Farma (KLBF IJ/HOLD/Rp1,445/Target: Rp1,500): 1Q24: Excellent SG&A management results in double-digit NPAT growth. Mitra Adiperkasa (MAPI IJ/BUY/Rp1,405/Target: Rp2,000): 1Q24: Lower margins earned, higher interest costs and losses at Starbucks. TRADERS’ CORNER Bukalapak.com (BUKA IJ): Technical BUY Trimegah Bangun Persada (NCKL IJ): Technical BUY
- Ewa Manthey
- Warren Patterson
Rubicon Organics to Report Q1 2024 Results
Rubicon Organics to Report Q1 2024 Results VANCOUVER, British Columbia, May 07, 2024 (GLOBE NEWSWIRE) -- Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer focused on cultivating and selling organic certified, premium cannabis products, is pleased to announce that it will be reporting its financial results for the three months ended March 31, 2024 (“Q1 2024”) after market close on Wednesday, May 15, 2024. The Company will be hosting a conference call to discuss Q1 2024 results on Thursday, May 16, 2024. Conference call detai...
- Benjaphol Suthwanish
- Carol Dou Xiao Qin
- Damon Shen
- Jack Goh Tooan Orng
- Jieqi Liu
- Jo Yee Ng
- Jonathan Koh
- Kasemsun Koonnara
- Shirley Wang Xueyi
- Stella Guo Yuting
- Stevanus Juanda
- Sunny Chen
- Tanaporn Visaruthaphong
Regional Morning Notes - Wednesday, May 08, 2024
GREATER CHINA Sector Healthcare: From surviving to thriving. Hong Kong Property: Expect normalised primary transactions and continued weakness of retail sales in May; watch for possible policy support. Update Shenzhou International Group Holdings (2313 HK/BUY/HK$83.35/Target: HK$99.60): Optimistic on order growth in 2024; margin expansion a key driver. INDONESIA Results Kalbe Farma (KLBF IJ/HOLD/Rp1,445/Target: Rp1,500): 1Q24: Excellent SG&A management results in double-digit NPAT growth. Mitra...
PTT PTT PUBLIC COMPANY LIMITED
KLBF PT KALBE FARMA TBK
MAPI MITRA ADIPERKASA
AP AP THAILAND
AOT AIRPORTS OF THAILAND PUBLIC CO. LTD.
LREIT SP LENDLEASE GLOBAL COMMERCIAL REIT
TIDLOR NGERN TID LOR PCL
FLT FRASERS LOGISTICS & COMMERCIAL TRUST
CTOS CTOS DIGITAL BHD
- Jonathan Koh
Lendlease Global Commercial REIT (LREIT SP) - Makes Progress In Backfi...
LREIT achieved strong positive rental reversion of 20% for 313@Somerset and >10% for Jem in 3QFY24. Occupancy for its retail properties was stable at 99.4%. Management has secured new electricity tariff contracts for Jem and 313@Somerset, which reduces utilities expenses by 30% or S$4m-5m per year. Rents for the office block at Jem could be adjusted higher by 20% during a rent review at end-24. LREIT provides FY26 distribution yield of 8.7%. Maintain BUY. Target price: S$0.96.
- Jonathan Koh
Frasers Logistics & Commercial Trust (FLT SP) - 1HFY24: Scaling Up In ...
FLT achieved positive rental reversion of 3.8% (incoming vs outgoing) and 14.2% (average vs average) in 2QFY24. It maintained full occupancy of 100% for its logistics properties across Australia, Europe and the UK. FLT has acquired four logistics properties in Germany for S$189m. More acquisitions are forthcoming, supported by a sizeable sponsor pipeline and its low aggregate leverage of 32.7%. FLT provides a distribution yield of 6.8% for FY24 (MLT: 6.2%). Maintain BUY. Target: S$1.55.
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