reports
- Bella Lu Yifei
- Ken Lee
China Automobile Weekly: EV sales pick up; takeaways from 2024 Beijing...
China’s EV sales picked up strongly last week. Except for Li Auto, most EV companies in China witnessed buoyant sales growth during the week. Tesla saw the fastest wow sales growth due to price cuts, while Aito posted the sharpest wow sales growth, given the ramp-up of the new M9 deliveries. This week, we also have our takeaways from Beijing Auto Show. Maintain MARKET WEIGHT. Top BUYs: Geely, CATL, Tuopu and Yadea. Top SELLs: Li Auto and XPeng. Remove BYD from the top SELL list.
GRU GEELY AUTOMOBILE HOLDINGS LIMITED
M3I MINTH GROUP LIMITED
002460 GANFENG LITHIUM CO. LTD. CLASS A
002340 GEM CO. LTD. CLASS A
5Z0 ZHONGSHENG GROUP HOLDINGS LTD.
01316 NEXTEER AUTOMOTIVE GROUP LIMITED
002709 GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD CLASS A
601689 NINGBO TUOPU GROUP CO. LTD. CLASS A
01585 YADEA GROUP HOLDINGS LTD.
2333 GREAT WALL MOTOR CO. LTD. CLASS H
1211 BYD COMPANY LIMITED CLASS H
2338 WEICHAI POWER CO. LTD. CLASS H
02238 GUANGZHOU AUTOMOBILE GROUP CO. LTD. CLASS H
1772 GANFENG LITHIUM CO. LTD. CLASS H
300750 CONTEMPORARY AMPEREX TECHNOLOGY CO. LTD. CLASS A
3606 FUYAO GLASS INDUSTRY GROUP CO LTD-H
603305 NINGBO XUSHENG AUTO TECHNOLOGY (A)
002920 HUIZHOU DESAY SV AUTOMOTIVE CO LTD
02015 LI AUTO INC
09868 XPENG INC
Robex meldet Finanzergebnisse für 2023
Robex meldet Finanzergebnisse für 2023 QUEBEC CITY, May 03, 2024 (GLOBE NEWSWIRE) -- Robex Resources Inc. („Robex“ oder das „Unternehmen“) (TSXV: RBX) hat heute seine operativen und finanziellen Ergebnisse für das Jahr 2023 bekanntgegeben. Aurélien Bonneviot, Chief Executive Officer, kommentierte dies wie folgt: „Nampala hat das Jahr 2023 mit einer starken Leistung abgeschlossen, die dazu beigetragen hat, das obere Ende der jährlichen Produktionsprognose zu erreichen. Es ist uns gelungen, die Gesamtbetriebskosten1 in einem inflationären Umfeld durch betriebliche Optimierungsprogramme um ...
- Johnny Yum
Strategy - Alpha Picks: Slight Outperformance In A Bear Market
The JCI declined 3.3% in Apr 24 and our portfolio managed to outperform slightly, delivering a -3.2% return. The biggest gainers were SIDO (+15.2%), EXCL (+6.8%) and ACES (+3.7%). The largest losers were BBTN (-17.6%), MAPI (-16%) and CTRA (-9.8%). We think the JCI is likely to deliver another negative return in May 24. We removed EXCL, MAPI and CTRA, and add TLKM and BSDE. Our picks are BSDE, TLKM, ACES, BBTN, CMRY, SIDO, JSMR and AKRA.
Soleno Therapeutics Announces Pricing of Approximately $138 Million Pu...
Soleno Therapeutics Announces Pricing of Approximately $138 Million Public Offering Of Common Stock REDWOOD CITY, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Soleno Therapeutics, Inc. (Nasdaq: SLNO), (“Soleno” or the “Company”), a clinical-stage biopharmaceutical company developing novel therapeutics for the treatment of rare diseases, announced today the pricing of the underwritten public offering of 3,000,000 shares of its common stock at a public offering price of $46.00 per share. The gross proceeds of the public offering are expected to be approximately $138.0 million, before deducting ...
- Greater China Research Team
- Kate Luang
Greater China Small-Mid Cap Monthly: Reiterate BUY on Crystal Internat...
KEY CALLS Crystal International (2232 HK/BUY/HK$4.04/Target: HK$4.42) Creating cross-category synergies through a differentiated co-creation model. Crystal International (Crystal) is a leading garment supplier of global apparel brands, manufacturing a wide range of products spanning lifestyle wear, sportswear, sweaters, intimates and denim apparel. Crystal employs a differentiated co-creation model to reduce project lead time and increase customer stickiness as it works closely with brand cus...
- Greater China Research Team
Greater China Alpha Picks: May Conviction Call
The HSI and MSCI China rose 7.4% and 6.4% mom respectively in April, lifted by news of a stock connect scheme expansion and further easing of restrictions on property purchases in China. With the July Politburo likely to see further supportive policy rollout, we are adding beneficiaries of improving domestic consumption − CR Beer, Crystal, Geely, Haier, Kuaishou, Ningbo Tuopu, Pinduoduo, Shenzhou and Tencent − to our BUY list, and closing out our SELL calls.
GRU GEELY AUTOMOBILE HOLDINGS LIMITED
00992 LENOVO GROUP LIMITED
00291 CHINA RESOURCES BEER (HOLDINGS) CO. LTD.
SXC SUNNY OPTICAL TECHNOLOGY (GROUP) CO. LTD.
01299 AIA GROUP LIMITED
300124 SHENZHEN INOVANCE TECHNOLOGY CO. LTD CLASS A
000333 MIDEA GROUP CO. LTD. CLASS A
00700 TENCENT HOLDINGS LTD.
601689 NINGBO TUOPU GROUP CO. LTD. CLASS A
PDD PINDUODUO INC. SPONSORED ADR CLASS A
3692 HANSOH PHARMACEUTICAL GROUP
01024 KUAISHOU TECHNOLOGY CLASS B
06690 HAIER SMART HOME CO. LTD. CLASS H
2232 CRYSTAL INTERNATIONAL GROUP LTD
- Benjaphol Suthwanish
The Erawan Group (ERW TB) - Expect Earnings In 1Q24 To Beat 1Q19 Earni...
We expect ERW to report a net profit of Bt272m (+14% yoy, +27% qoq) in 1Q24 supported by a robust average room rate growth (+10% yoy, +6% qoq). Earnings would surpass the pre-COVID-19 level, contributed by strong international arrivals in the past quarter. We are optimistic on 2Q24 as hotels in Japan have all started their operation prior to the high season. Maintain BUY. Target price: Bt6.50.
- Kampon Akaravarinchai
Thailand Food – More Selective Buy After Share Price Rally
We expect sector earnings to continue to improve throughout the year due to better domestic and Vietnamese swine prices as well as with lower costs. TFG is expected to turn profitable in 1Q24 before its peers do. Given the rally in food companies’ share prices, we recommend more selective buy strategies. Our top picks are TFG and TU. Maintain OVERWEIGHT.
- Kasemsun Koonnara
Thailand Property – Expect Poor Results In 1Q24; Recovery Starting Fr...
We expect the property sector to report poor results in 1Q24, decreasing 31% yoy and 45% qoq, mainly due to a slowdown in the residential market amid multiple headwinds. Although we are concerned about multiple headwinds in the market, we are cautiously optimistic that the worst may be behind us. We expect the sector's earnings to improve from 2Q24 onwards. We recommend a selective BUY and sticking with market leaders. We upgrade the sector to MARKET WEIGHT.
Moody's Ratings says Park's senior unsecured notes offering has no imp...
Moody's Ratings (Moody's) says Park Intermediate Holdings LLC's ("Park") new senior unsecured notes offering will not impact the B1 corporate family rating, B1 senior unsecured ratings or stable outlook at this time. The transaction includes $550 million of new senior notes due 2030. Proceeds from...
- Adrian Loh Tzum Yung
- Jonathan Koh
- Singapore Research Team
Singapore Daily - Friday, May 03, 2024
KEY HIGHLIGHTS Strategy Alpha Picks: A Softer Month; Add FEHT, MPACT, GENS; Remove BAL, LREIT And CLAS: Our Alpha Picks portfolio rises 0.4% mom in Apr 24, underperforming the STI by 1.7ppt. Results DBS Group Holdings (DBS SP/BUY/S$34.90/Target: S$40.70): 1Q24: Accelerating pace of returning surplus capital to shareholders. TRADERS’ CORNER Yoma Strategic (YOMA SP): Trading BUY Singapore Tech Engineering (STE SP): Trading SELL
- Benjaphol Suthwanish
- Kampon Akaravarinchai
- Kasemsun Koonnara
Thailand Daily - Friday, May 03, 2024
KEY HIGHLIGHTS Sector Property Expect poor results in 1Q24; recovery starting from 2Q24 onwards. Upgrade to MARKET WEIGHT. Food & Beverage More selective buy after share price rally. Update The Erawan Group (ERW TB/BUY/Bt4.82/Target: Bt6.50) Expect earnings in 1Q24 to beat 1Q19 earnings.
- Limartha Adhiputra
Trimegah Bangun Persada (NCKL IJ) - 1Q24: NPAT Continues To Decline 13...
NCKL’s 1Q24 NPAT was Rp1.0t, down 26.8% yoy and 13.3% qoq due to lower nickel ASP. The 1Q24 NPAT was below expectations at only 15.9% of our 2024 NPAT forecast. However, we make no changes to our 2024 NPAT forecast as we expect higher ASP in 2Q24 following the rising LME nickel prices. We expect 2024 and 2025 NPAT to come in at Rp6.3t (+12.1% yoy) and Rp8.2t (+30.8% yoy) respectively. Maintain BUY with a target price of Rp1,100.
- Posmarito Pakpahan
Bank Mandiri (BMRI IJ) - 1Q24: Net Profit Up 1.1% yoy; Slightly Below ...
Despite NIM declining by 30bp yoy and flat non-interest income, 1Q24 net profit was up 1.1% yoy (-20.6% qoq), with ROE remaining high at 19.7%, which was supported by a 19% yoy loan growth and 13bp yoy decline in CoC. Loan yield was stable at 7.7%, but CoF increased 49bp yoy. The wholesale segment’s NPL ratio improved qoq and yoy while retail’s NPL ratio inched up. Maintain BUY with a lower target price of Rp7,300 as we cut our earnings estimates and ROE assumptions.
- Jacquelyn Yow Hui Li
- Leow Huey Chuen
Astra Agro Lestari (AALI IJ) - 1Q24: Within Expectations
AALI’s 1Q24 earnings came in within expectations. 1Q24 operating profit grew significantly on lower production costs. Earnings dropped due to higher financing cost and weak downstream margin. Note that AALI’s mill utilisation rate fell significantly to 50% in 1Q24 due to cost management with lower third-party purchases. Maintain SELL as we are concerned about its flat FFB production growth, lower mill utilisation rate and weak downstream margin.
eGain kündigt Webinar zu generativer KI für den Kundenservice mit Erfo...
eGain kündigt Webinar zu generativer KI für den Kundenservice mit Erfolgsgeschichte von führendem Kunden aus dem Versorgungssektor an SUNNYVALE, Kalifornien, May 03, 2024 (GLOBE NEWSWIRE) -- eGain (), die führende KI-Wissensplattform im Bereich Kundenservice, kündigte heute die Veranstaltung eines Online-Seminars über generative KI für den Kundenservice unter Beteiligung eines seiner führenden Kunden aus dem Versorgungssektor an. „Die meisten KI-Projekte scheitern. Einigen Schätzungen zufolge liegt die Misserfolgsquote bei bis zu 80 % – fast doppelt so hoch wie die Misserfolgsquote bei I...
eGain kondigt een webinar over Gen AI voor klantenservice aan, waarin ...
eGain kondigt een webinar over Gen AI voor klantenservice aan, waarin het succesvolle traject van een toonaangevende klant uit de nutssector wordt besproken SUNNYVALE, Calif., May 03, 2024 (GLOBE NEWSWIRE) -- eGain (), het toonaangevende AI-kennisplatform voor klantenservice, heeft vandaag een online seminar aangekondigd over generatieve AI voor klantenservice, waarin één van zijn toonaangevende klanten uit de nutssector wordt besproken. “Het merendeel van de AI-projecten mislukken. Het faalpercentage bedraagt op grond van sommige schattingen niet minder dan 80%; dat is bijna het dubbe...
eGain anuncia un seminario web sobre IA Gen para servicios en el que s...
eGain anuncia un seminario web sobre IA Gen para servicios en el que se presentará la historia de éxito de un cliente líder del sector de los servicios públicos SUNNYVALE, California, May 03, 2024 (GLOBE NEWSWIRE) -- eGain (), la plataforma líder de conocimientos de IA para el servicio de atención al cliente, ha anunciado hoy un seminario en línea sobre IA generativa para el servicio de atención al cliente, en el que participará uno de sus principales clientes del ámbito de los servicios públicos. «La mayoría de los proyectos de IA fracasan. Según algunas estimaciones, la tasa de fracaso...
eGain organise un webinaire sur l’IA générative appliquée aux prestati...
eGain organise un webinaire sur l’IA générative appliquée aux prestations de service, et en démontre le succès à l’appui du cas de l’un de ses clients, un acteur des services publics de première importance SUNNYVALE, État de Californie, 03 mai 2024 (GLOBE NEWSWIRE) -- eGain (), fournisseur numéro 1 de plateforme de gestion des connaissances dédiée au service client, annonce ce jour organiser un webinaire consacré aux applications de l’IA générative au service client mettant en vedette l’un de ses principaux clients du secteur des services publics. « Nombre de projets ciblés sur l’applica...
eGain annuncia un webinar dedicato all’IA generativa per il servizio c...
eGain annuncia un webinar dedicato all’IA generativa per il servizio clienti che racconterà la storia di successo di un cliente leader nel settore delle utility SUNNYVALE, California, May 03, 2024 (GLOBE NEWSWIRE) -- eGain (), la piattaforma di conoscenza basata sull’IA leader per il servizio clienti, ha annunciato in data odierna un seminario online dedicato all’IA generativa per il servizio clienti a cui parteciperà uno dei suoi principali clienti del settore delle utility. “La maggior parte dei progetti basati sull’IA falliscono. Alcune stime calcolano che questi fallimenti riguardino...
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