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 PRESS RELEASE

FTI Consulting Announces Asia Leadership Appointment

FTI Consulting Announces Asia Leadership Appointment Roy Huang Named Head of Asia & Caribbean; Will Also Lead Growth of the Business Transformation Practice in the Region HONG KONG, May 06, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of as the Head of Asia & Caribbean, effective 3 May 2024. Based in Hong Kong, Mr. Huang will have executive responsibility for driving growth across the region through strengthening the firm’s core service capabilities and bringing the firm’s collective expertise to clients. Mr. Huang also will reinforce the B...

Limartha Adhiputra ... (+4)
  • Limartha Adhiputra
  • Maskun Ramli
  • Paula Ruth
  • Stevanus Juanda

Indonesia Daily - Tuesday, May 7, 2024

Ace Hardware Indonesia (ACES IJ/BUY/Rp880/Target: Rp1,200): 1Q24: NPAT up 29.3% yoy; in line with expectations. Indocement Tunggal Prakarsa (INTP IJ/BUY/Rp7,125/Target: Rp8,800): 1Q24: NPAT falls 35.9% yoy and 65.1% qoq on seasonally weak sales volumes; results below expectations. Sarana Menara Nusantara (TOWR IJ/BUY/Rp880/Target: Rp1,200): 1Q24: Moderate net profit growth of 6% yoy. Maintain BUY. Semen Indonesia (SMGR IJ/BUY/Rp4,700/Target: Rp7,000): 1Q24: Weak sales volume from bag segment ...

CITGO Holding, Inc.: Update to credit analysis

Our credit view of this issuer reflects its large-scale and complex refining system, against its ownership by PDVSA.

Royalty Pharma plc: Update following outlook revision to positive

Our credit view of this issuer reflects its high margins and strong cash flow, against its status as a cystic fibrosis franchise subject to potential decline in blended royalty rate.

Lynn Song ... (+3)
  • Lynn Song
  • Nicky Mapa
  • Rob Carnell

Asia Morning Bites

RBA rates decision today as markets price out cuts this year. Inflation reports out from Taiwan and the Philippines are also due

 PRESS RELEASE

AdTheorent Holding Company, Inc. Announces Expiration of “Go-Shop” Per...

AdTheorent Holding Company, Inc. Announces Expiration of “Go-Shop” Period Contained in Previously Announced Merger Agreement and Receipt of Acquisition Proposal NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- AdTheorent Holding Company, Inc. (“AdTheorent” or the “Company”) (Nasdaq: ADTH), a machine learning pioneer delivering measurable value for programmatic advertisers, today announced the expiration of the 33-day “go-shop” period pursuant to the terms of the previously announced definitive merger agreement (the “Merger Agreement”) pursuant to which Cadent, LLC (“Cadent”), a leading provider...

Alaska (State of): Update to credit analysis with revision of outlook ...

Our credit view of Alaska reflects the state's ability to partly fund operations from the Alaska Permanent Fund, offsetting volatility and carbon transition risk in oil production revenue.

 PRESS RELEASE

Aura Announces Q1 2024 Quarterly Financial and Operational Results

Aura Announces Q1 2024 Quarterly Financial and Operational Results ROAD TOWN, British Virgin Islands, May 06, 2024 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (OTCQX: ORAAF) (“Aura” or the “Company”) announces that it has filed its unaudited consolidated financial statements and management discussion and analysis (together, “Financial and Operational Results”) for the period ended March 31, 2024 (“Q1 2024”). The full version of the Financial and Operational Results can be viewed on the Company’s website at or on SEDAR+ at All amounts are in thousands of U.S. dollars u...

 PRESS RELEASE

Hallador Energy Company Reports First Quarter 2024 Financial and Opera...

Hallador Energy Company Reports First Quarter 2024 Financial and Operating Results TERRE HAUTE, Ind., May 06, 2024 (GLOBE NEWSWIRE) -- Hallador Energy Company (NASDAQ – HNRG) reported a net loss of $1.7 million, $(0.05) basic earnings per share, operating cash flow of $16.4 million, and adjusted EBITDA of $6.8 million for the quarter ended March 31, 2024. Brent Bilsland, President and Chief Executive Officer, stated, "Throughout the first quarter, we continued our progress on transitioning the focus of Hallador from a coal production company to an independent power producer. During the f...

 PRESS RELEASE

Ocular Therapeutix Reports Inducement Grants Under Nasdaq Listing Rule...

Ocular Therapeutix Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) BEDFORD, Mass., May 06, 2024 (GLOBE NEWSWIRE) -- Ocular Therapeutix, Inc. (NASDAQ:OCUL) (“Ocular”), a biopharmaceutical company committed to enhancing people’s vision and quality of life through the development and commercialization of innovative therapies for wet age-related macular degeneration (wet AMD), diabetic retinopathy, and other diseases and conditions of the eye, today announced that it has agreed to grant inducement awards to (i) its newly appointed Vice President, Head of Programming & Data Oper...

Township of Pemberton, NJ: Update to credit analysis

Our credit view of the township highlighting its strong finances, stable local economy, below-average resident income and above-average leverage.

Adrian Loh Tzum Yung ... (+5)
  • Adrian Loh Tzum Yung
  • Chong Lee Len
  • Jacquelyn Yow Hui Li
  • Leow Huey Chuen
  • Llelleythan Tan Tan

Singapore Daily: Tuesday, May 7, 2024

KEY HIGHLIGHTS Sector Offshore Marine                                                    Bullish view remains despite recent volatility in the Middle East. Update StarHub (STH SP/BUY/S$1.18/Target: S$1.41)        Favourable tailwinds as DARE+ initiatives bear fruit, with investments peaking in 2024. Wilmar International (WIL SP/HOLD/S$3.22/Target: S$3.35)             2Q24 earnings to be higher qoq and yoy. Investors can consider buying on weakness. TRADERS' CORNER Keppel DC REIT (KDCREIT SP):...

Ecovyst Catalyst Technologies LLC: Credit Opinion update following fir...

Our credit view of this issuer reflects its long-term contracts with cost pass-through of Ecoservices, constrained by its lack of scale, business diversity and geographical concentration.

Town of Westport, CT: New Issue

Our credit view of this issuer reflects its low leverage and fixed costs, offset by its reserves and liquidity below national Aaa medians.

 PRESS RELEASE

Skyward Specialty Announces Pricing of Its Secondary Offering of Its C...

Skyward Specialty Announces Pricing of Its Secondary Offering of Its Common Stock HOUSTON, May 06, 2024 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc. (NASDAQ: SKWD) (“Skyward Specialty” or the “Company”) a leader in the specialty property and casualty (“P&C”) market, announced the pricing of its secondary offering of 4,400,000 shares being offered by The Westaim Corporation, through its wholly-owned subsidiary, Westaim HIIG GP Inc. (the “Selling Stockholder”) at $36.50. In connection with the offering, the Selling Stockholder has also granted the underwriters a 30-day option...

Moody's Ratings upgrades ratings on three classes of notes issued by B...

Moody's Ratings (Moody´s) has upgraded  the ratings on the following notes issued by Black Diamond CLO 2017-1, Ltd. U.S.$8,000,000 Class B-1-R Senior Secured Deferrable Floating Rate Notes due 2029 (the "Class B-1-R Notes"), Upgraded to Aaa (sf); previously on September 30, 2022 Upgraded to Aa3 (s...

Moody's Ratings assigns Aa2 rating to Los Angeles Dept of Water & Powe...

Moody's Ratings (Moody's) has assigned a Aa2 rating to the Los Angeles Department of Water and Power, CA's $448.5 million Water System Revenue Bonds, 2024 Series B. Concurrently, Moody's has affirmed the Aa2 ratings on the Department's outstanding water system revenue bonds. Post-issuance, the Depar...

 PRESS RELEASE

Methode Electronics Announces CEO Transition

Methode Electronics Announces CEO Transition Kevin Nystrom Appointed Interim Chief Executive Officer Mark Schwabero Appointed Vice Chairman of the Board CHICAGO, May 06, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution applications, announced today that Kevin Nystrom, a partner and managing director at AlixPartners LLP, has been appointed interim CEO, effective immediately. The company has previously disclosed its ongoing engagement with AlixPartners for...

Moody's Ratings assigns MIG 1 to Irvington, NJ's notes

Moody's Ratings (Moody's) has assigned a MIG 1 rating to the Township of Irvington, NJ's proposed $6.8 million Bond Anticipation Note. While we rate Irvington Baa3, this short-term rating is based on the expected takeout financing bond to be enhanced under the New Jersey Municipal Qualified Bond Pro...

Emerald X, Inc.: Update to credit analysis

Our credit view of this issuer reflects its very good liquidity and variable cost structure, offset by its highly cyclical business model.

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