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 PRESS RELEASE

Volaris Celebrates Frontier Airlines’ Reactivation of the Codeshare Ag...

Volaris Celebrates Frontier Airlines’ Reactivation of the Codeshare Agreement Between Both Airlines Starting today, Frontier Customers will have access to more than 40 destinations in Mexico through Volaris Partnership MEXICO CITY, May 08, 2024 (GLOBE NEWSWIRE) -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, welcomes Frontier Airlines reactivation of the Codeshare agreement between both airlines, facilitating travel between...

 PRESS RELEASE

ProSomnus Sleep Technologies Takes Strategic Action to Position Compan...

ProSomnus Sleep Technologies Takes Strategic Action to Position Company for Long-Term Success Announces Plan for $20 million in Aggregate New Financing to Support Daily Operations, Restructuring, Strategic Initiatives, and Advocacy Company Enters into Voluntary Chapter 11 Restructuring Process Which Will Take Company Private, Reduce Debt and Enable Execution of Key Initiatives Minimal Expected Operational Impact to Business, Company Wil Continue Serving Customers and Delivering Products PLEASANTON, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- ProSomnus, Inc. (the “Company”), the leading no...

John Cheong Ming Chern ... (+2)
  • John Cheong Ming Chern
  • Jonathan Koh

Singapore Daily: Thursday, May 9, 2024

KEY HIGHLIGHTS Results AEM Holdings (AEM SP/SELL/S$2.32/Target:S$1.67)                  1Q24: Earnings below estimate; outlook worsens. Downgrade to SELL. United Overseas Bank (UOB SP/NOT RATED/S$30.55)            1Q24: Building regional franchise for consumer businesses. MONTHLY TECHNICAL - INDICES OUTLOOK     Singapore Post (SPOST SP): Trading BUY                                                                         Parkway Life Real Estate Investment Trust (PREIT SP): Trading BUY

Lynn Song ... (+4)
  • Lynn Song
  • Min Joo Kang
  • Nicky Mapa
  • Rob Carnell

Asia Morning Bites

Japan's headline cash earnings disappoint. China's trade and Philippine GDP data are due later today

Soomit Datta
  • Soomit Datta

Millicom (Buy, TP: $24) Q1 24 - Big (10%) EBITDA beat as Xavier Niel c...

On the back of a 1% revenue beat, it was mainly cost which drove a 10% underlying beat at EBITDA.

San Bruno Park School District, CA: Update to credit analysis

Our credit view of San Bruno Park SD, reflecting its strong reserves, healthy local economy and moderately high long-term liabilities.

City of Lake Geneva, WI: Update to credit analysis

Our credit view of Lake Geneva, WI highlights a strong financial position, growing economy reliant on tourism and moderate leverage.

 PRESS RELEASE

Copart, Inc. to Release Third Quarter Fiscal 2024 Results

DALLAS--(BUSINESS WIRE)-- Copart, Inc. (NASDAQ: CPRT) announced today that it will release earnings for the third quarter of fiscal 2024 after 4:00 p.m. Eastern Time (3:00 p.m. Central) on Thursday, May 16, 2024. On Thursday, May 16, 2024, at 5:30 p.m. Eastern Time (4:30 p.m. Central), Copart will conduct a conference call to discuss the results for the quarter. The call will be webcast live and available for access by clicking “Listen Here” at . A replay of the call will be available through August 2024 at . About Copart Founded in 1982, Copart is a global leader in online vehicle aucti...

 PRESS RELEASE

Western Forest Products Inc. Announces Election of Directors

Western Forest Products Inc. Announces Election of Directors VANCOUVER, British Columbia, May 08, 2024 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announces the following voting results in respect of the election of directors at its Annual Meeting of Shareholders (the “Meeting”) held today: Name of NomineeVotes For% ForVotes Against% AgainstLaura A. Cillis187,242,63788.96%23,246,58811.04%Steven Hofer192,441,53891.43%18,047,6878.57%Randy Krotowski181,115,05886.04%29,374,16713.96%Fiona Macfarlane188,112,00589.37%22,377,22010.63%Noordin Nanji148...

Banco Modal S.A.: Update following rating affirmation, outlook changed...

Our credit view of this issuer reflects its adequate liquidity and risk management, constrained by its asset risk strained by market risk and non-banking investments.

 PRESS RELEASE

Organovo Holdings, Inc. Announces Pricing of $5.25 Million Public Offe...

Organovo Holdings, Inc. Announces Pricing of $5.25 Million Public Offering SAN DIEGO, May 08, 2024 (GLOBE NEWSWIRE) -- Organovo Holdings, Inc. (Nasdaq: ONVO) (“Organovo” or the “Company”), a clinical stage biotechnology company focused on developing novel treatment approaches based on demonstration of clinical promise in three-dimensional (3D) human tissues, today announced the pricing of a public offering consisting of 6,562,500 shares of common stock (or pre-funded warrants in lieu thereof) and common warrants to purchase up to an aggregate of 6,562,500 shares of its common stock, at a ...

Village of Germantown, WI: Update to credit analysis

Our credit view of this issuer reflects its history of maintaining strong reserves and liquidity and its elevated leverage for the rating category.

Moody's Ratings assigns Aa2 to Texas State University System's (TX) Se...

Moody's Ratings (Moody's) has assigned a Aa2 rating to the Board of Regents of Texas State University System's (TSUS or the system) proposed approximately $592 million Revenue Financing System Revenue and Refunding Bonds, Series 2024. The bonds are fixed rate, maturing in 2054. Moody's has also affi...

Moody's Ratings assigns Aa1 to Oklahoma City Water Utilities Trust, OK...

Moody's Ratings (Moody's) has assigned a Aa1 rating to the Oklahoma City Water Utilities Trust, OK's  Commercial Paper Notes, Series A (Tax Exempt) and Series B (Taxable) (Bank Bonds). Moody's maintains a Aaa rating on the trust's outstanding revenue bonds, which have a senior lien to the reimbursem...

Helios Software Holdings, Inc.: Update to credit analysis

Our credit view of this issuer reflects its limited capital expenditures and subscription-based sales model, offset by its high leverage and tempered organic growth prospects.

Canadian Natural Resources Limited: Update to credit analysis

Our credit view of this issuer reflects its strong debt metrics and sizeable free cash flow, against its significant shareholder distributions.

Moody’s Ratings says Amwins' ratings unchanged following announcement ...

New York , May 8, 2024 – Moody's Ratings (Moody's) said that its B1 corporate family rating and B1-PD probability of default rating of Amwins Group, Inc. (Amwins) remain unchanged, following the company's announcement that it plans to add $839 million to its existing $2.5 billion backed senior secur...

 PRESS RELEASE

Nutrien Announces Results of 2024 Annual Meeting

SASKATOON, Saskatchewan--(BUSINESS WIRE)-- Nutrien Ltd. (TSX and NYSE: NTR) announced today the results of its annual meeting of shareholders held on May 8, 2024 (the “Meeting”). A total of 369,251,444 common shares, representing 74.66% of common shares outstanding, were represented at the Meeting. Results of the matters voted on at the Meeting are set out below. Election of Directors Nutrien’s 12 director nominees were elected: Votes For (percent) Votes Against (percent) Christopher M. Burley 98.33% 1.67% Maura J. Clark 98.95% 1.05% ...

Sweetwater Union High School District, CA: Update following revision o...

Our view of the district reflecting healthy finances, diverse local economy, declining enrollment and currently manageable leverage.

 PRESS RELEASE

American Hotel Income Properties REIT LP Reports Voting Results of Ann...

American Hotel Income Properties REIT LP Reports Voting Results of Annual and Special Meeting VANCOUVER, British Columbia, May 08, 2024 (GLOBE NEWSWIRE) -- American Hotel Income Properties REIT LP (“AHIP”) (TSX: HOT.UN, HOT.U, and HOT.DB.V) announces that at its annual and special meeting of unitholders, held earlier today, all directors nominated as listed in the information circular dated April 1, 2024 were directed to be elected as directors of American Hotel Income Properties REIT (GP) Inc. for the ensuing year. As a ballot was not required, the number of votes disclosed in the below ...

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