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Semtech Brings LoRaWAN® Expertise to Global Smart Grid Standards Forum
NEW DELHI & CAMARILLO, Calif.--(BUSINESS WIRE)-- Semtech Corporation (Nasdaq: SMTC), a high-performance semiconductor, Internet of Things (IoT) systems and cloud connectivity service provider, announced that Rémi Demerlé, marketing director of Semtech's LoRa® ecosystem, will deliver a keynote address at the 9th IEC-IEEE-BIS Smart Energy Standardization Coordination Workshop during India Smart Utility Week (ISUW) 2025. The session, “Emerging Smart Energy Technologies and Standardization Landscape,” will take place on March 18, 2025, in New Delhi, India. This press release features multimedia. V...
- Colin Lee
- Johnny Yum Chung Man
Q Technology Group (1478 HK): 2024: Earnings in line; growth opportuni...
Q Tech’s 2024 earnings soared 241% yoy to Rmb241m, in line with estimates and the midpoint of its profit alert range. The strong performance was due to ASP and margin expansion across both the CCM and FRM businesses. In particular, FRM segment margins turned positive for the first time since 2021, thanks to an improved product mix. With a trifurcation of growth drivers in the smartphones, automotive and IoT spheres, we are upgrading to BUY with a higher target price of HK$10.00.
- Claire Wang Kelai
- Ziv Ang Sze Champ
China Resources Building Materials Tech (1313 HK): 2024: In line; gros...
CR Bldg Mat posted 2024 earnings of Rmb210.9m (-67.2% yoy). With one-off impairment losses of Rmb492.6m eliminated, earnings were well within our expectations. Gross margin bottomed and rebounded to 16.5% (+1.8ppt yoy), largely attributable to a 12.9% yoy fall in unit cement production cost and 52.1% yoy sales volume growth of aggregates. Management guided 2025 sales volume of 57m tonnes (-8% yoy) given lacklustre new property investment. Maintain BUY. Target price: HK$2.30.
- Damon Shen
- Jieqi Liu
Kerry Properties (683 HK): Luxury home expert; mega investment in Shan...
Kerry Properties specialises in luxury homes, with over 60% of its IP and DP gross asset value contributed by mainland China projects, which should benefit from the stabilisation of China’s economy. Mont Verra in Hong Kong and Jinling Residence in Shanghai are set to boost sales, lowering net gearing from 43% in 2024 to 31% by 2026. Expect stable DPS of HK$1.35 for 2024-26. The stock is trading at 0.22x P/B, the lowest among peers. Initiate coverage with BUY and a target price of HK$21.70, deriv...
- Damon Shen
- Jieqi Liu
China Property: Faster-than-expected destocking progress; higher 2025 ...
According to the latest NBS data, national sales were stronger than expected but new starts remained sluggish in 2M25, leading to a faster destocking pace. Due to improved supply-demand dynamics and enhanced destocking policies, we raise our forecast for national residential GFA sold growth in 2025 to -2.5% yoy under a neutral scenario. Maintain OVERWEIGHT. CR Land and Longfor remain our top picks.
- Claire Wang Kelai
- Tham Mun Hon
China Economic Activity: Stronger-than-expected 2M25 data amid propert...
Industrial production growth remained resilient in 2M25, rising 5.9% yoy, beating expectations of 5.3% yoy. FAI growth jumped to 4.1% yoy (+2.0ppt), with property FAI growth improving from -10.6% yoy in Dec 24 to -9.8% yoy in 2M25. Retail sales growth also climbed to 4.0% yoy, beating expectations. Overall, 2M25’s data is market positive.
- Tanvi Arora
- Trung Nguyen
Lucror Analytics - Morning Views Asia
In today's Morning Views publication we comment on developments of the following high yield issuers: Indika Energy, China Hongqiao, Greenko Energy
- Phuong Nguyen
RECOVERY
The market continued its recovery efforts after the failed recovery move at the end of last week. Liquidity decreased compared to the previous session but remained at a relatively good level, indicating that profit-taking supply showed signs of easing and reduced pressure on the market, while cash flow continued to make efforts to support the market. The current recovery candlestick signal is quite positive, with the closing price higher than the high of March 14, 2025. This signal may help th...
- Tanaporn Visaruthaphong
WHA Corporation (WHA TB) - Deferring The Deal; Concentrating On Streng...
WHA has announced the postponement of the WHAID spin-off. It held an analyst meeting which was met with a positive tone. The market reacted favourably to the announcement. WHA attributed the delay to current market volatility and domestic economic conditions. It also highlighted strong land pre-sales in 2025, with several high-value customers lined up. We maintain a BUY rating with a target price of Bt4.80.
- Tanaporn Visaruthaphong
Thailand Daily - Tuesday, March 18, 2025
KEY HIGHLIGHTS Update WHA Corporation (WHA TB/BUY/Bt3.54/Target: Bt4.80) Deferring the deal; concentrating on strengthening its core business.
- Claire Wang Kelai
- Colin Lee
- Damon Shen
- Greater China Research Team
- Jieqi Liu
- Johnny Yum Chung Man
- Tham Mun Hon
- Ziv Ang Sze Champ
Greater China Daily: Tuesday, March 18, 2025
KEY HIGHLIGHTS Economics Economic Activity Industrial production growth remained resilient in 2M25, rising 5.9% yoy, beating expectations of 5.3% yoy. FAI growth jumped to 4.1% yoy (+2.0ppt), with property FAI growth improving from -10.6% yoy in Dec 24 to -9.8% yoy in 2M25. Retail sales growth also climbed to 4.0% yoy, beating expectations. Overall, 2M25’s data is market positive. Sector Property According to the latest NBS data, national sales were stronger than expected but new starts rem...
- Heidi Mo Jinghui
- John Cheong Ming Chern
Singapore Daily - Tuesday, March 18, 2025
KEY HIGHLIGHTS Results Sheng Siong Group (SSG SP/BUY/S$1.63/Target: S$1.92): 2024: Impacted by rising costs; more stores to drive growth in 2025. TRADERS’ CORNER Ums Holdings (UMSH SP): Trading BUY Jardine Cycle & Carriage (JCNC SP): Trading SELL
- Claire Wang Kelai
- Colin Lee
- Damon Shen
- Heidi Mo Jinghui
- Jieqi Liu
- John Cheong Ming Chern
- Johnny Yum Chung Man
- Posmarito Pakpahan
- Tanaporn Visaruthaphong
- Tham Mun Hon
- Ziv Ang Sze Champ
Regional Morning Notes - Tuesday, March 18, 2025
GREATER CHINA Economics Economic Activity: Stronger-than-expected 2M25 data amid property sector challenges. Sector Property: Faster-than-expected destocking progress; higher 2025 national residential sales forecast. Initiate Coverage Kerry Properties (683 HK/BUY/HK$18.28/Target: HK$21.70): Luxury home expert; mega investment in Shanghai CBD bearing fruit from 2025. Results China Resources Building Materials Tech (1313 HK/BUY/HK$1.88/Target: HK$2.30): 2024: In line; gross margin expands to 16.5%...
- Heidi Mo Jinghui
- John Cheong Ming Chern
Sheng Siong Group (SSG SP) - 2024: Impacted By Rising Costs; More Stor...
SSG’s 2024 earnings missed our and consensus expectations, though revenue continued to grow consistently and outpace the industry. Total dividend grew, with a stable payout ratio and strong cashflow generation. We anticipate further store openings as competitors scale back. However, staff costs are expected to be elevated due to increased headcount from new stores and higher wages under the progressive wage model. Maintain BUY with a trimmed target price of S$1.92.
- Posmarito Pakpahan
Bank Syariah Indonesia (BRIS IJ) - Gold-driven Growth Ahead
Bullion banking presents opportunities and risks for BRIS. However, in Indonesia’s underpenetrated Syariah banking sector, BRIS is well placed to capitalise on the significant growth potential from the country’s 240m Muslim population. The growing Wadiah and Hajj accounts could support the bank in managing CoF while strong growth in gold financing could improve its risk-adjusted yield. Despite CIR remaining high, BRIS could deliver 15.8% net profit growth in 2025. Maintain BUY. Target price: Rp3...
- Maskun Ramli
- Posmarito Pakpahan
Indonesia Daily - Tuesday, March 18, 2025
Bank Syariah Indonesia (BRIS IJ/BUY/Rp2,510/Target: Rp3,450): Gold-driven growth ahead. TRADERS’ CORNER HM Sampoerna (HMSP IJ): Technical BUY Unilever Indonesia (UNVR IJ): Technical BUY
ISC Reports Another Year of Record Revenue and Adjusted EBITDA in Its ...
ISC Reports Another Year of Record Revenue and Adjusted EBITDA in Its Financial Results for 2024 Record revenue and adjusted EBITDA of $247.4 million and $90.3 million, respectivelyRecord high value transactions in the Saskatchewan Land Titles Registry and record revenue in the Services segment in 2024Strong start on goal to double the size of the Company on a revenue and adjusted EBITDA basis by 2028 Capitalized terms that are used but not defined in this news release have the meaning ascribed to those terms in Management's Discussion & Analysis for the three and twelve mont...
Moody's Ratings affirms Pilgrim's Pride Corporation's Ba2 CFR; outlook...
Moody's Ratings (Moody's) affirmed Pilgrim's Pride Corporation's ("Pilgrim's") Ba2 Corporate Family Rating ("CFR"), Ba2-PD Probability of Default Rating, Ba2 senior unsecured notes rating, and (P)Ba2 senior unsecured shelf rating. The speculative grade liquidity rating is unchanged at SGL-1. The out...
Apidos CLO LII: Pre-Sale Report
This pre-sale report provides a detailed rating rationale for the transaction.
Vislink to Report Full Year and Fourth Quarter 2024 Financial Results ...
Vislink to Report Full Year and Fourth Quarter 2024 Financial Results on Monday, March 31, 2025, at 8:30 a.m. ET Mt. Olive, NJ, March 17, 2025 (GLOBE NEWSWIRE) -- (“Vislink” or the “Company”) (OTCQB: VISL), a global technology leader in the capture, delivery, and management of high-quality live video and associated data in the media and entertainment, law enforcement, and defense markets, will hold a conference call on Monday, March 31 at 8:30 a.m. Eastern Time to discuss its financial results for the fourth quarter and full year ended December 31, 2024. Financial results will be issued...
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