Moody's Ratings has assigned ratings to three classes of CLO refinancing notes (the "Refinancing Notes") issued by OCP CLO 2014-6, Ltd. (the "Issuer"). Moody's Ratings' rating actions are as follows: U.S.$388,568,052 Class A-1-R2 Senior Secured Floating Rate Notes due 2030 (the "Class A-1-R2 Not...
KEY HIG HLIGH TS Company Results IGB REIT (IGBREIT MK/BUY/RM1.75/Target: RM1.88) Page 2 1Q24: Slightly above expectations. Upgrade to BUY. We believe IGBREIT offers some resiliency and a high dividend yield of 6-7%, particularly amid the market’s current volatility. Company Update Gamuda (GAM MK/BUY/RM5.16/Target: RM5.88) Page 5 Set to deliver record-high bottom line in FY24 on higher construction and property development earnings. Maintain BUY. TRADERS’ CORNER Page 8 Ancom Nylex (ANCOMNY MK): T...
Moody's Ratings (Moody's) has assigned ratings to two classes of notes issued by Hildene TruPS Resecuritization T9B, LLC (the "Issuer"). Moody's rating action is as follows: U.S.$33,000,000 Class A Notes due 2040, Assigned Baa3 (sf) U.S.$13,000,000 Class B Notes due 2040, Assigned B3 (sf) The...
TISCO posted a net profit of Bt1,733m in 1Q24 (-3% yoy, -3% qoq). The results are in line with our and consensus estimates. Management reiterated that the bank will gradually lower the LLC ratio to around 150% within this year. However, TISCO reveals that the bank will maintain a strict credit policy due to an uneven economic recovery. Maintain HOLD. Target price: Bt94.00.
KEY HIGHLIGHTS Sector Insurance Value buy or value trap? Initiate Coverage Crystal International (2232 HK/BUY/HK$3.39/Target: HK$4.42) Well-positioned for market share gains from sportswear brand customers. Update Anta Sports (2020 HK/BUY/HK$81.60/Target: HK$109.60) Satisfactory 1Q24 sales performances; high-quality growth remains intact. JD.com (9618 HK/BUY/HK$98.85/Target: HK$127.00) 1Q24 results preview: Focusing on three core strategies to revitalise user growth. TRADERS’ COR...
Moody's Ratings has today withdrawn Huzhou City Investment Development Group Co., Ltd's (Huzhou City Group) Baa3 issuer rating. The outlook prior to the withdrawal was negative. RATINGS RATIONALE Moody's has decided to withdraw the ratings for its own business reasons. Please refer to the Mo...
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GREENWICH, Conn.--(BUSINESS WIRE)-- (Nasdaq: IBKR), an automated global electronic broker, today announced a recently expanded suite of investment options for Japanese clients with the addition of Global Contracts for Difference (CFDs) on US stocks, offering leverage to investors through Interactive Brokers Securities Japan Inc. (IBSJ). Japanese clients can now invest in CFDs alongside global stocks, options, and futures. The CFDs let clients trade US stocks and ETFs with leverage, enhancing their trading capabilities and enabling more flexibility in their investment strategies. The CFDs ar...
GREATER CHINA Sector Insurance: Value buy or value trap? Initiate Coverage Crystal International (2232 HK/BUY/HK$3.39/Target: HK$4.42): Well-positioned for market share gains from sportswear brand customers. Update Anta Sports (2020 HK/BUY/HK$81.60/Target: HK$109.60): Satisfactory 1Q24 sales performances; high-quality growth remains intact. JD.com (9618 HK/BUY/HK$98.85/Target: HK$127.00): 1Q24 results preview: Focusing on three core strategies to revitalise user growth. INDONESIA Sector Mining:...
MBS’ 1Q24 net gaming revenue rose 15% qoq, achieving a record high at about 156% of pre-pandemic levels. This mainly reflects a continuously strong VIP market segment (volume exceeded 2019’s level) and mass market segment (all-time high gaming revenue). 1Q24’s record-high results were also boosted by higher tourist arrivals and spending, driven by mega entertainment events such as Taylor Swift’s six concerts. Maintain OVERWEIGHT. BUY Genting Singapore.
SINGAPORE & KUALA LUMPUR, Malaysia--(BUSINESS WIRE)-- Companies in Singapore and Malaysia are accelerating their adoption of Microsoft cloud platforms as their efforts to improve customer and employee experience mature, according to a new research report published today by Information Services Group () (Nasdaq: ), a leading global technology research and advisory firm. The 2024 ISG Provider Lens™ Microsoft Cloud Ecosystem report for Singapore and Malaysia finds more enterprises in the region are embracing Microsoft’s expanding lineup of platforms and seeking services for Microsoft 365, Azure...
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