China Display Optoelectronics Technology Holdings Limited, formerly TCL Display Technology Holdings Limited, is a Hong Kong-based investment holding company principally engaged in flat panel display products-related businesses. The main businesses of the Company include the manufacture and sales of liquid crystal display (LCD) modules for computers and mobile phones, as well as flat panel display products, such as thin-film transistor (TFT)-LCDs. The Company operates businesses in Hong Kong, China and Korea.
China National Building Material is an investment holding company based in the People's Republic of China. Co. is engaged in producing and selling cement, lightweight building materials, glass fiber, composite materials and fiberglass reinforced plastics; and providing engineering services to glass and cement manufacturers and equipment procurement. Through its subsidiaries, Co. is also engaged in producing and selling PVC tiles, glass fiber mats and gypsum board. Co. operates four business segments: lightweight building materials; cement; engineering services; and glass fiber and Fiberglass Reinforced Plastic (FRP) products.
Feasibility Study Results in December to be a Catalyst for this Junior
GREATER CHINA Update Anta Sports (2020 HK/BUY/HK$72.00/Target: HK$81.00): “The challenge road” to 2023. INDONESIA Small/Mid Cap Highlights Cardig Aero Services (CASS IJ/NOT RATED/Rp635): Long-term growth opportunity in the future. MALAYSIA Results EcoWorld Development (ECW MK/HOLD/RM0.77/Target: RM0.72): FY19: Net profit above expectation on higher JV contributions and billings from domestic projects. Expect earnings to sustain in FY20, underpinned by unbilled sales of RM5.2b. VS Industry (VSI MK/BUY/RM1.32/Target: RM1.60): 1QFY20: In line. Offers a more compelling investment proposition for i...
Having recently organised a sold-out JJ Lin concert at the 80,000-seat Bukit Jalil National Stadium in Kuala Lumpur, UnUsUaL’s robust pipeline is starting to contribute strongly in 3QFY20. With two more upcoming nights from popular Mandopop artiste Eric Chou and two sold-out nights of JJ Lin concerts slated for end-December, we reckon that UnUsUaL will experience strong profit growth for 3QFY20. Maintain BUY with a PE-based target price of S$0.44, implying a 54.4% upside.
KEY HIGHLIGHTS Update UnUsUaL (UNU SP/BUY/S$0.285/Target:S$0.44): 3QFY20 off to a good start. TRADERS’ CORNER Genting Singapore (GENS SP): Trading Buy Capitaland Mall Trust (CT SP): Trading Sell
KEY HIGHLIGHTS Update Anta Sports (2020 HK/BUY/HK$72.00/Target: HK$81.00) “The challenge road” to 2023. TRADERS’ CORNER Shenzhen Expressway (548 HK): Trading Buy Range Galaxy Entertainment (27 HK): Trading Buy Range
KEY HIGHLIGHTS Strategy 2020 Keeping The Vision Key policies will focus on supporting FAI, the property market and domestic liquidity conditions. Key beneficiaries are building materials, heavy machinery, developers and consumer names. Sector Property All eyes on “One City, One Policy”. TRADERS’ CORNER China Life (2628 HK): Trading Buy Range Jiangxi Copper (358 HK): Trading Buy Range
Following an update from management, we remain positive on Sunny Optical’s business development on all fronts in 2020. Besides healthy volume growth, management expects Sunny to continue to achieve product mix upgrade which will lead to ASP and margin expansions in 2020. Sunny has set aside resources to expand production capacities on all business fronts in 2020 on anticipation of strong demand amid 5G and multi-cam trends. We lift our target price to HK$161.00, pegging it to 30x 2020F PE. Maintain BUY.