reports
Cadence Design Systems Inc: 1 director
A director at Cadence Design Systems Inc sold 6,000 shares at 162.982USD and the significance rating of the trade was 77/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two ye...
Rackspace Technology Welcomes Launch of New AWS Middle East Region in ...
Rackspace Technology Welcomes Launch of New AWS Middle East Region in the UAE LONDON, Sept. 29, 2022 (GLOBE NEWSWIRE) -- (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, welcomes the launch of AWS Middle East (UAE) Region, which will support the acceleration of innovation and digital transformation in the United Arab Emirates (UAE). The new AWS Middle East (UAE) Region consists of three Availability Zones (AZs) and becomes AWS’s second region in the Middle East with the existing AWS Region in Bahrain, launched in 2019. The new AWS Region gives organizations ev...
Oragin Foods Inc. Reports Second Quarter Results
TORONTO--(BUSINESS WIRE)-- ORAGIN Foods Inc. (“ORAGIN”, “Oragin Foods” or the “Company”) (TSXV: OG) (OTC: OGGFF) (FRA: 9CW) is a Canadian multi-faceted food company operating a Consumer Packaged Goods (CPG) Division where new and innovative food and beverage brands are developed, acquired, grown and commercialized as well as a Retail Division that operates one of Canada’s leading natural and organic food retailers, Organic Garage. The Company is pleased to announce its financial results for the quarter ended July 31, 2022 (“Q2”). The Company has a Fiscal Year End of January 31. All figures pre...
- Ariel Poh Yun Li
- Johnny Yum Chung Man
China Industrial Automation: Cherry picking amid industry downcycle.
Our channel check shows that new orders growth is picking up in August and September, primarily driven by the emerging industries such as Li-ion, EVs, and solar. We expect demand for automation products to remain resilient through 4Q22 on the back of stimulus launches, and a potential easing of quarantine measures in China, before further deterioration in 1H23 as we are heading towards an industry downcycle. Our pecking order is Inovance > Estun > Hans’ Laser. Maintain MARKET WEIGHT.
- Roy Chen Chengzhi
- Kampon Akaravarinchai
Thai Union Group (TU TB) - Our Top Pick For The Food Sector For Its At...
We expect TU’s 3Q22 core business to recover qoq, driven by better sales, higher gross margin and lower SGA-to-sales ratio. We are positive on TU’s 2H22 earnings recovery thanks to lower cost inflation, higher ASPs and still-solid sales orders in 4Q22. Also, TU’s 2023 earnings are more attractive compared with peers’ as it will be able to deliver yoy earnings growth. Maintain BUY. Target price: Bt24.00.
- Ariel Poh Yun Li
- Johnny Yum Chung Man
- Terence Chiu
- Waritthorn Kaewmuang
Bumrungrad Hospital (BH TB) - Earnings Growth To Falter In 3Q22 Follow...
BH is expected to report another quarterly record-high 3Q22 earnings thanks to the high season of medical tourism. However, the extent of quarterly earnings growth from 2Q22 is lower due to the high base and limited bed capacity as BH is a standalone hospital. Although share price can be sustained by strong demand for defensive assets, current valuation is stretched while a recovery is not beyond market expectation. Maintain HOLD. Target price: Bt225.00.
- Kampon Akaravarinchai
- Waritthorn Kaewmuang
Thailand Daily - Thursday, September 29, 2022
KEY HIGHLIGHTS Update Bumrungrad Hospital (BH TB/HOLD/Bt225.00/Target: Bt225.00) Earnings growth to falter in 3Q22 following the high base and limited capacity. Thai Union Group (TU TB/BUY/Bt18.70/Target: Bt24.00) Our top pick for the food sector for its attractive earnings recovery in 2023.
- Posmarito Pakpahan
Banking – Digital Banks: Continuing To Book Profits, But Hiccups Seen ...
Digital banks continued to post monthly profit in Aug 22 on the back of robust loan growth, high yield, and lower CIR. Digital banks are gradually gaining market share in loans and deposits, and seeing positive developments in operations. However, we see hiccups in digital banks' asset quality as loans are scaling up and macro developments are making an adverse impact. We reiterate BUY on BBYB on the back of its positive development in profitability and market share as well as its cheaper valuat...
- Maskun Ramli
- Posmarito Pakpahan
- Roy Chen Chengzhi
SATS (SATS SP) - WFS Acquisition: Buying A Strategic Fit In Uncertain ...
SATS has proposed to acquire 100% of WFS for a cash consideration of €1.19b (S$1.64b). While we acknowledge that WFS is a good strategic fit for SATS, we are cautious about the impacts that a possible global recession may have on air cargo businesses. In addition, the weak equity market sentiment amid the rising interest rate environment may not be in favour of SATS’ equity raising plan. Downgrade to HOLD, with a lower target price of S$3.82.
- Ariel Poh Yun Li
- Jacquelyn Yow Hui Li
- Johnny Yum Chung Man
- Kampon Akaravarinchai
- Posmarito Pakpahan
- Roy Chen Chengzhi
- Waritthorn Kaewmuang
Regional Morning Notes - Thursday, September 29, 2022
GREATER CHINA Sector Industrial Automation: Cherry picking amid industry downcycle. INDONESIA Sector Banking: Digital banks: Continuing to book profits, but hiccups seen in asset quality. MALAYSIA Sector E-payment: BNPL to be regulated by end-23. This is neutral to the sector given customers can shift between BNPL players or even payment channels. Downgrade to MARKET WEIGHT. SINGAPORE Update SATS (SATS SP/HOLD/S$3.87/Target: S$3.82): WFS acquisition: Buying a strategic fit in uncertain times....
Western Union Launches International Money Transfers for Weixin Users ...
BEIJING--(BUSINESS WIRE)-- today announced that it has launched inbound international money transfers for approximately one billion users in China. Activated in collaboration with and , Chinese customers will now be able to receive money in real-time through the “Weihuikuan” Mini Program, a lite app integrated in Weixin. Weihuikuan offers a completely digital, in-app experience, enabling Weixin’s approximately one billion users to receive international cash transfers from their loved ones digitally, into their bank accounts. Delivering excellence in experience as customers transfer money ...
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