reports
- Phuong Nguyen
FOREIGN SELLING PRESSURE
The market continued its uptrend but is experiencing contestation and caution with a Shooting Star candlestick pattern. Trading volume increased slightly compared to the previous session, indicating that profit-taking supply is showing signs of increasing and exerting pressure as the market recorded a new high. Pressure to curb the upward momentum is showing signs of increasing as the market narrows its distance to the 1,350 point resistance area. There is a possibility that the market will co...
ST Telemedia Global Data Centres Accelerates AI Ambitions, Achieves Ce...
EQS Newswire / 13/03/2025 / 03:30 CET/CEST SINGAPORE - - 13 March 2025 - ST Telemedia Global Data Centres (STT GDC), one of the world's fastest-growing data centre colocation service providers headquartered in Singapore, today announced it is now an NVIDIA colocation partner. Two of its data centre facilities in Southeast Asia (SEA) – STT Singapore 6, and STT Bangkok 1 – have achieved certification in the NVIDIA DGX-Ready Data Center programme. These are the first facilities in STT GDC's portfolio to achieve this certification. The is purpose-built for enterprise AI, powering AI worklo...
Moody's Ratings affirms Pennymac's prime and special servicer quality ...
Moody's Ratings (Moody's) has affirmed the prime servicer quality (SQ) assessment for PennyMac Loan Services, LLC (Pennymac) at SQ2 and affirmed the company's special servicer quality assessment at SQ3+. As of December 2024, Pennymac's servicing portfolio totaled $666 billion in unpaid principal...
- Leonard Law
- Trung Nguyen
Lucror Analytics - Morning Views Asia
In today's Morning Views publication we comment on developments of the following high yield issuers: Seazen Group, Adani Ports, Cikarang Listrindo, Vedanta Resources
Tarsus Announces Pricing of Upsized $125.0 Million Public Offering
Tarsus Announces Pricing of Upsized $125.0 Million Public Offering IRVINE, Calif., March 12, 2025 (GLOBE NEWSWIRE) -- Tarsus Pharmaceuticals, Inc. (Nasdaq: TARS) (the “Company” or “Tarsus”) today announced the pricing of an upsized underwritten public offering of 2,808,988 shares of its common stock at a public offering price of $44.50 per share. In addition, Tarsus has granted the underwriters a 30-day option to purchase up to an additional 421,348 shares of its common stock at the public offering price, less underwriting discounts and commissions. The gross proceeds from the offering, b...
- Malaysia Research Team
Malaysia Daily - Thursday, March 13, 2025
KEY HIG HLIGH TS Company Results Bermaz Auto (BAUTO MK/HOLD/RM1.04/Target: RM1.00) Page 2 9MFY25: Results below expectations; sales impacted by lower sales volume and unfavourable product mix. Scientex (SCI MK/BUY/RM3.44/Target: RM4.05) Page 5 2QFY25: Below expectations. While revenue remained flattish, higher competition in the industrial packaging segment resulted in margin compression. Upgrade to BUY. TRADERS’ CORNER Page 8 Econpile Holdings (ECON MK): Technical BUY ELK-Desa Resources (ELK MK...
- Thanawat Thangchadakorn
Thailand Banking – Potential Improvement In ROE By Liquidating Excess ...
Many banks plan to improve ROE back to the double-digit level. We should see an increase in dividend payout ratio and share buyback programmes. Market expects Thai banks to liquidate excess capital to raise ROE. We conducted a scenario analysis to assess the impact if banks liquidate CET1 by paying a special dividend. We reckon cutting the CET1 ratio to 16% is reachable. BBL has the highest CET1 ratio and should benefit the most if capital is liquidated. Maintain OVERWEIGHT.
- Thanawat Thangchadakorn
Thailand Daily - Thursday, March 13, 2025
KEY HIGHLIGHTS Sector Banking Potential improvement in ROE by liquidating excess capital.
WeRide Launches Commercial Robotaxi Service in Beijing’s Core Urban Ar...
WeRide Launches Commercial Robotaxi Service in Beijing’s Core Urban Area for the First Time at Beijing South Railway Station BEIJING, March 12, 2025 (GLOBE NEWSWIRE) -- WeRide (Nasdaq: WRD), a global leader in autonomous driving technology, today announced that the company has officially received the permit to conduct commercial Robotaxi ride-hailing services between the Beijing Economic-Technological Development Area (BDA) and Beijing South Railway Station. This milestone marks the first commercial Robotaxi operation covering Beijing’s core urban area. With this development, WeRide’s ...
NOVONIX Receives Approval for Purchase of Enterprise South Land for Pl...
NOVONIX Receives Approval for Purchase of Enterprise South Land for Planned Enterprise South Manufacturing Facility BRISBANE, Australia, March 13, 2025 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or “the Company”), a leading battery materials and technology company, announced today, that it has received unanimous approval from each of the City of Chattanooga and Hamilton County for the purchase of a 182-acre parcel of land for its second mass production plant (“Enterprise South”). Enterprise South will be acquired for approximately US$4.6 million and will be sub...
- Guan An Tan
- Roy Chen Chengzhi
Cathay Pacific Airways (293 HK): 2024: Results slightly miss our forec...
Cathay’s 2024 core net profit of HK$8.9b (+27.6% yoy) beat consensus estimates by 11.4% but slightly missed ours at 96.2%. The positives from better-than-expected pax yields in 2H24 were offset by negatives from higher staff costs and weaker fuel efficiency. 2025 earnings should stay largely flattish yoy, with subdued fuel prices balancing cargo headwinds from US-China trade tensions. Pax and cargo yields are expected to normalise further in 2025. Maintain HOLD. Target price: HK$11.20.
Entrée Resources Announces Fiscal Year 2024 Results and Reviews Corpor...
Entrée Resources Announces Fiscal Year 2024 Results and Reviews Corporate Highlights VANCOUVER, British Columbia, March 12, 2025 (GLOBE NEWSWIRE) -- Entrée Resources Ltd. (TSX:ETG; OTCQB:ERLFF – the “Company” or “Entrée”) has today filed its annual operational and financial results for the year ended December 31, 2024. All numbers are in U.S. dollars unless otherwise noted. 2024 HIGHLIGHTS Arbitration and Entrée/Oyu Tolgoi JVA On December 19, 2024, a partial final award (the “Award”) was made by the three-member international arbitration Tribunal appointed in connection with the Company...
- Greater China Research Team
- Guan An Tan
- Roy Chen Chengzhi
Greater China Daily: Thursday, March 13, 2025
KEY HIGHLIGHTS Results Cathay Pacific Airways (293 HK/HOLD/HK$10.90/Target: HK$11.20) Page 2 Cathay’s 2024 core net profit of HK$8.9b (+27.6% yoy) beat consensus estimates by 11.4% but slightly missed ours at 96.2%. The positives from better-than-expected pax yields in 2H24 were offset by negatives from higher staff costs and weaker fuel efficiency. 2025 earnings should stay largely flattish yoy, with subdued fuel prices balancing cargo headwinds from US-China trade tensions. Pax and cargo yie...
- Jonathan Koh
Singapore Daily - Thursday, March 13, 2025
KEY HIGHLIGHTS Update Elite UK REIT (ELITE SP/BUY/£0.30/Target: £0.35): Pivot towards growth after strengthening balance sheet. TRADERS’ CORNER Frasers Centrepoint (FCT SP): Trading BUY Singapore Exchange (SGX SP): Trading BUY
- Benyamin Mikael
Rukun Raharja (RAJA IJ) - Leveraging Stability In Oil & Gas Business
RAJA benefits from a stable midstream, downstream, and low-cost upstream business while expanding into infrastructure, downstream assets, renewable energy, and ammonia. RAJA's share price surged 82.3% in six months, bringing its 2025F consensus PE to 19.7x, a premium to oil and gas related companies, driven by the recent listing of its 75.3%-owned subsidiary (RATU IJ) in Jan 25. However, it still trades at a 76% discount to conglomerate peers.
Anteris Reports 2024 Financial Results and Provides Corporate Update
Anteris Reports 2024 Financial Results and Provides Corporate Update EAGAN, Minn. and BRISBANE, Australia, March 12, 2025 (GLOBE NEWSWIRE) -- Anteris Technologies Global Corp. (Anteris or the Company) (NASDAQ: AVR, ASX: AVR) a global structural heart company committed to designing, developing, and commercializing cutting-edge medical devices to restore healthy heart function, today reported financial results for the full year ended December 31, 2024, and provided a corporate update. 2024 Full Year Highlights & Recent Developments Achieved a successful U.S. Initial Public Offering (“IPO”...
- Benyamin Mikael
- Maskun Ramli
Indonesia Daily - Thursday, March 13, 2025
Rukun Raharja (RAJA IJ/NOT RATED/Rp2,260): Leveraging stability in oil & gas business. TRADERS’ CORNER Perusahaan Gas Negara (PGAS IJ): Technical BUY Telkom Indonesia (TLKM IJ): Technical BUY
- Anas Fitri Bin Ahmad
- Benyamin Mikael
- Guan An Tan
- Jack Lai Yuan Khai
- Jonathan Koh
- Roy Chen Chengzhi
- Thanawat Thangchadakorn
Regional Morning Meeting Notes: Thursday, March 13, 2025
GREATER CHINA Results Cathay Pacific Airways (293 HK/HOLD/HK$10.90/Target: HK$11.20) 2024: Results slightly miss our forecast but a solid beat of consensus estimates. Yields to moderate further in 2025. Maintain HOLD. INDONESIA Small/Mid Cap Highlights Rukun Raharja (RAJA IJ/NOT RATED/Rp2,260) Leveraging stability in oil & gas business. MALAYSIA Results Bermaz Auto (BAUTO MK/HOLD/RM1.04/Target: RM1.00) 9MFY25: Results below e...
TISCO TISCO FINANCIAL GROUP
RAJA RUKUN RAHARJA
KBANK KASIKORNBANK PUBLIC CO. LTD.
6493 TTBIO
BBL BHP GROUP PLC
BAUTO BERMAZ AUTO BHD
KTB KONTOOR BRANDS
SCI SCI E&C
SCB SCB X PUBLIC COMPANY LIMITED
MXNU ELITE COMMERCIAL REIT MGNT PTE LTD
BCOW 1895 BANCORP OF WISCONSIN INC
AKA A.K.A. BRANDS HOLDINGS
- Jonathan Koh
Elite UK REIT (ELITE SP) - Pivot Towards Growth After Strengthening Ba...
ELITE intends to pivot towards growth in 2025 after successfully deleveraging with aggregate leverage lowered by 6.6ppt yoy to 43.4%. The impending divestment of Peel Park site would further reduce gearing and could lead to a potential special dividend. Management intends to redevelop Lindsay House at Dundee, Scotland and Newport Road in Cardiff, Wales into PBSA. ELITE is a recession-resistant counter-cyclical yield play. Maintain BUY. Target price: £0.35.
Moody's Ratings assigns Aaa to Metro, OR's GOs, Series 2025; outlook i...
Moody's Ratings (Moody's) has assigned a Aaa rating to Metro, OR's upcoming sale of $200 million in General Obligation Bonds, Series 2025. We maintain the Aaa rating on outstanding GO debt. Post-sale, the district will have around $1 billion in outstanding obligations. The outlook is stable. RAT...
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