reports
Xunlei Filed Its Annual Report on Form 20-F for Fiscal Year 2024
Xunlei Filed Its Annual Report on Form 20-F for Fiscal Year 2024 SHENZHEN, China, April 25, 2025 (GLOBE NEWSWIRE) -- Xunlei Limited (“Xunlei” or the “Company”) (NASDAQ: XNET), a leading technology company providing distributed cloud services in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (the “SEC”) on April 24, 2025. The annual report can be accessed on the Company’s investor relations website at or the SEC’s website at . About Xunlei Founded in 2003, Xunlei Limited (NA...
- Thanawat Thangchadakorn
Thanachart Capital (TCAP TB) - 1Q25 Results Preview: Expect Credit Cos...
We expect TCAP to post a 1Q25 net profit of Bt1,684m (-4% yoy, +26% qoq). Although TCAP’s credit costs surged significantly qoq in 4Q24, we forecast its credit cost continuing to rise qoq in 1Q25. We expect THANI to be indirectly impacted by the US tariffs and the deterioration in asset quality in the truck lending business. We foresee a weakening outlook for the truck business and a softened used-truck price index in the future. Maintain HOLD with a target price of Bt48.00.
- Kampon Akaravarinchai
Thai Foods Group (TFG TB) - Expect Record-high Earnings In 1Q25 And 2Q...
We expect a record-high core profit of Bt111.8b for 1Q25, up 2033% yoy and 59% qoq on the back of a strong improvement in gross profit margin. TFG’s 2Q25 earnings are also expected to reach a new high given the better qoq ASP momentum. We have raised our 2025-26 forecasts to reflect the better-than-expected livestock prices. Maintain BUY. Target price: Bt6.70.
- Benjaphol Suthwanish
Bumrungrad Hospital (BH TB) - 1Q25: Weak Results In Line With Expectat...
BH reported a net profit of Bt1.73b (-12.6% yoy, -8.9% qoq) in 1Q25, which is in line with our and consensus estimates. The high base last year and the earlier timing of Ramadan this year caused top-line to drop by 6.1% yoy. Growth in revenue from Thai patients was weak at 1.3% yoy and was not sufficient to compensate for the shortfall in foreign patient revenue. We are more optimistic about BH’s 2Q25 outlook as the impact from Ramadan was already realised in 1Q25. Maintain BUY. Target pric...
- Thanawat Thangchadakorn
Thailand Banking – 1Q25: Results Beat; Banks Prioritise Less On Loan G...
Banks under our coverage reported a combined net profit of Bt58.4b (+5% yoy, +12% qoq), beating our and market expectations. All banks prefer to maintain good asset quality rather than loan growth, due to the potential impact of US tariffs and the worsening economic outlook. The market estimates the policy rate at 1.50% for 2025. Downgrade the sector to MARKET WEIGHT. Our top picks are KBANK and SCB.
- Benjaphol Suthwanish
- Kampon Akaravarinchai
- Thanawat Thangchadakorn
Thailand Daily - Friday, April 25, 2025
KEY HIGHLIGHTS Sector Banking 1Q25: Results beat; banks prioritise less on loan growth. Downgrade to MARKET WEIGHT. Results Bumrungrad Hospital (BH TB/BUY/Bt169.00/Target: Bt232.00) 1Q25: Weak results in line with expectations. Update Thai Foods Group (TFG TB/BUY/Bt5.05/Target: Bt6.70) Expect record-high earnings in 1Q25 and 2Q25. Thanachart Capital (TCAP TB/HOLD/Bt47.00/Target: Bt48....
Moody's Ratings rebaixa ratings da AEGEA e Aegea Finance; perspectiva,...
A Moody's Ratings (Moody's) rebaixou o rating corporativo (CFR) da AEGEA Saneamento e Participações S.A. (AEGEA) para Ba3 de Ba2, e o rating sênior sem garantia da Aegea Finance S.a r.l. (Aegea Finance) para B1 de Ba3. A perspectiva foi alterada para estável, de negativa. FUNDAMENTOS DO RATING A açã...
- Phuong Nguyen
MAINTAINING THE GAINS
The market found support on pullbacks and continued its recovery trend after the supportive Dragonfly Doji candlestick signal on April 22, 2025. Liquidity decreased compared to the previous session, indicating that supply is easing and cash flow is still maintaining its ability to support the market. The possibility of contention and volatility may arise as the market is near the MA(20) area, the 1,230 point area. However, the recovery movement in the last 2 sessions is gradually confirming th...
- Leonard Law
- Trung Nguyen
Moody's Ratings downgrades ratings of AEGEA and Aegea Finance; outlook...
Moody's Ratings (Moody's) has today downgraded AEGEA Saneamento e Participacoes S.A. (AEGEA)'s Corporate Family Rating (CFR) to Ba3 from Ba2, and Aegea Finance S.a r.l. (Aegea Finance)'s Backed Senior Unsecured rating to B1 from Ba3. The outlook was changed to stable from negative. RATINGS RATIONA...
- Posmarito Pakpahan
Bank Central Asia (BBCA IJ) - 1Q25: Net Profit Up 9.8% yoy On NIM Expa...
BBCA’s net profit was Rp14.1t, up 9.8% yoy (+2.8% qoq). PPOP grew 9.9% yoy due to: a) 12.6% loan growth, b) 20bp NIM expansion, and c) manageable opex. The NIM improvement was due to a higher CASA ratio and LDR. There was a slight uptick in retail loans’ NPL, but overall asset quality remained sound with the NPL ratio standing at 2%. Liquidity was ample, with LCR/LDR at 300%/76%. We make no changes to our estimates. Maintain BUY. Lower target price to Rp10,500 due to a higher risk-free rate.
- Paula Ruth
Telecommunications – 4Q24: NPAT Down Slightly By 2% yoy
Big Telcos’ 4Q24 EBITDA was roughly stable (-0.2%) qoq, but declined slightly by 4% yoy Meanwhile, combined 4Q24 net profit fell slightly by 2% yoy, but rose 11% qoq. During 4Q24, EXCL slightly increased its market share (based on EBITDA) among the top three telcos. We downgrade the telecommunications sector to MARKET WEIGHT from OVERWEIGHT as we expect TLKM, the parent company of Telkomsel (market leader), to book only a slightly moderate top-line growth of 2% yoy in 2025. Our top pick is ISAT.
- Julia Pan Mengyao
- Ming San Soong
TAL Educational Group (TAL US): 4QFY25: Earnings miss amid ramped-up i...
TAL reported disappointing earnings for 4QFY25. Revenue grew 42% yoy to US$610m for 4QFY25, 4% below our and consensus estimates. Gross profit rose 40% yoy to US$318m, with gross margin narrowing 1ppt yoy to 52%. Non-GAAP net profit missed expectations and came in at US$7m vs the street’s estimate of US$50m. Non-GAAP net margin shrank 10ppt yoy to 1% due to stepped-up marketing efforts for AI learning devices amid low seasonality. Maintain BUY with a lower target price of US$14.00.
- Bella Lu Yifei
- Ken Lee
Ningbo Tuopu Group Co (601689 CH): 4Q24: Earnings up 38.5% yoy, in lin...
NTP’s 4Q24 net profit came in as expected at Rmb767m (+38.5% yoy/-1.4% qoq). 2024 net profit grew 39.5% yoy to Rmb3.0b. Going forward, NTP’s earnings will be driven by: a) the ramp-up of its new businesses eg air suspension, robotic motion actuator, etc; and b) stable gross margin. We keep our 2025-26 net profit forecasts at Rmb3,661m/Rmb4,629m respectively, and introduce our 2027 net profit forecast of Rmb5,845m. Maintain BUY. Keep target price at Rmb83.00.
- Carol Dou Xiao Qin
- Sunny Chen
Aier Eye Hospital Group (300015 CH): 2024: Satisfactory results; expec...
Aier delivered a relatively modest growth in 2024 but revenue and adjusted net earnings saw robust growth of 15.97% and 25.8% yoy respectively for 1Q25. Management is confident about the growth outlook for Aier given rigid service demand despite the relatively weak economic conditions. Aier has further expanded its hospital network and will continue to improve operating efficiency by actively deploying AI and enhancing service capabilities. Upgrade to BUY, raise target price to Rmb17.80.
- Desmond Chong Chee Wai
Vitrox Corporation (VITRO MK) - 1Q25: Within Our Expectation; Recovery...
1Q25: Within Our Expectation; Recovery Is In Sight But Valuation Remains Stretched In line with our expectation; softer vs consensus. Vitrox Corporation (Vitrox) reported a 1Q25 net profit of RM24.2m (+1% qoq, -8% yoy). This came in within our but below consensus estimates at 23% and 17% respectively.
- Jack Goh Tooan Orng
My EG Services (MYEG MK) - Bringing Forward Domestic Blockchain Adopti...
Bringing Forward Domestic Blockchain Adoption MYEG’s deployment of resources into its Zetrix blockchain venture is spearheading domestic Web3 development. Such a timely adoption has since achieved several essential milestones and translated into sequential quarters of earnings accretion. The recent commercial launch of Zetrix cross-border services also provides assurance on stable recurring revenue and healthy cash flows moving forward. Maintain BUY with a target price of RM1.46.
- Malaysia Research Team
Malaysia Daily - Friday, April 25, 2025
KEY HIG HLIGH TS Company Update My EG Services (MYEG MK/BUY/RM0.895/Target: RM1.46) Page 2 Zetrix venture continues to support growth trajectories, besides providing stable recurring revenue and healthy cash flows moving forward. Maintain BUY and target price of RM1.46. UOBKH Highlights Vitrox Corporation (VITRO MK/SELL/RM2.70/Target: RM2.50) Page 5 1Q25: Within our expectation; recovery is in sight but valuation remains stretched. TRADERS’ CORNER Page 6 Aemulus Holdings (AMLS MK): Technical BUY...
Banco Itaú Chile Files Material Event Notice announcing 2025 Ordinary ...
Banco Itaú Chile Files Material Event Notice announcing 2025 Ordinary Shareholders’ Meeting Agreements SANTIAGO, Chile, April 24, 2025 (GLOBE NEWSWIRE) -- BANCO ITAÚ CHILE (SSE: ITAUCL) (the “Bank”) announced that it filed a Material Event Notice with the Chilean Commission for the Financial Market reporting the agreements taken at the Bank’s Ordinary Shareholders’ Meeting held today. The Material Event Notice is available on the company’s investor relations website at . Investor Relations – Banco Itaú Chile /
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