reports
- Adrian Loh Tzum Yung
- Bella Lu Yifei
- Benjaphol Suthwanish
- Chong Lee Len
- Desmond Chong Chee Wai
- Jack Goh Tooan Orng
- Johnny Yum Chung Man
- Julia Pan Mengyao
- Kampon Akaravarinchai
- Kasemsun Koonnara
- Ken Lee
- Kitpon Praipaisarnkit
- Llelleythan Tan Tan
- Ming San Soong
- Roy Chen Chengzhi
- Stevanus Juanda
- Thailand Research Team
- Wei Xiang Ku
Regional Morning Meeting Notes: Thursday, August 15, 2024
GREATER CHINA Results Nexteer (1316 HK/SELL/HK$2.89/Target: HK$1.50) 1H24: Earnings miss estimates on revenue. Maintain SELL. Cut target price from HK$2.20 to HK$1.50. Tencent Holdings (700 HK/BUY/HK$373.80/Target: HK$490.00) 2Q24: Solid margin expansion; reaccelerated online games revenue growth. Update Foxconn Industrial Internet (601138 CH/BUY/Rmb21.38/Target: Rmb30.00) AI business continues to accelerate, GB200 scheduled to ship i...
G13 GENTING SINGAPORE
CC3 STARHUB LTD
CPF CHAROEN POKPHAND FOODS PUBLIC CO. LTD.
MAG. MAG SILVER CORP.
S63 SINGAPORE TECHNOLOGIES ENGINEERING LTD
C09 CITY DEVELOPMENTS LIMITED
INDF PT INDOFOOD SUKSES MAKMUR TBK
7148 DUOPHARMA BIOTECH
5162 VSTECS
01316 NEXTEER AUTOMOTIVE GROUP LIMITED
00700 TENCENT HOLDINGS LTD.
GENT GENTING BHD
VSI V.S. INDUSTRY BERHAD
FNH FRASER & NEAVE HOLDINGS BHD
CPALL TB CP ALL
BAUTO BERMAZ AUTO BHD
TXG 10X GENOMICS INC CLASS A
DBB DUOPHARMA BIOTECH BHD
TGIF 1933 INDUSTRIES
RGB RGB INTERNATIONAL BHD
601138 FOXCONN INDUSTRIAL INTERNET CO. LTD. CLASS A
CK CH. KARNCHANG PUBLIC CO LTD
CLI CAPITALAND INVESTMENT LTD
Z29 029 GROUP SE
GENTMK GENTING BERHAD
VST VSTECS BHD
3BBIF 3BB INTERNET INFRASTRUCTURE FUND
- Malaysia Research Team
- Vincent Khoo Boo Aik
Strategy - Opportunities In A US Dovish Environment
Opportunities In A US Dovish Environment The US Fed’s widely-expected policy rate cut in Sep 24, the first of an expected series of cuts through to 2025, will indirectly provide a moderate lift to Malaysian equities. We identify three categories of beneficiaries: a) winners of an appreciating ringgit against the greenback (primarily importers), b) companies with high US dollar debt, and c) high dividend yielders. Overall, the key BUY-rated strong ringgit beneficiaries are Duopharma, F&N and GENM...
- Malaysia Research Team
- Vincent Khoo Boo Aik
Strategy - Alpha Picks: Raising The M&A And Monetisation Bets
Alpha Picks: Raising The M&A And Monetisation Bets Our Alpha Picks marginally beat the FBMKLCI in Jul 24 (+2.8% vs +2.2%), primarily thanks to the continuing outperformances of our property and construction picks. Aug 24 picks: Bursa, Ekovest, Gamuda, Lagenda Mah Sing, Magnum, MYEG, Pekat, PMetal, RGB and VSI. A new inclusion is Magnum which replaces Bursa. Our Aug 24 picks feature a higher concentration of potential beneficiaries of M&A and monetisation.
MAG Silver Reports Second Quarter Financial Results
MAG Silver Reports Second Quarter Financial Results VANCOUVER, British Columbia, Aug. 02, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, or the “Company”) announces the Company’s unaudited consolidated financial results for the three months ended June 30, 2024 (“Q2 2024”). For details of the unaudited condensed interim consolidated financial statements of the Company for the three and six months ended June 30, 2024 (“Q2 2024 Financial Statements”) and management’s discussion and analysis for the three and six months ended June 30, 2024 (“Q1 2024 MD&A”), pleas...
MAG Announces Second Quarter 2024 Production From Juanicipio and Incre...
MAG Announces Second Quarter 2024 Production From Juanicipio and Increases Grade Guidance VANCOUVER, British Columbia, July 24, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) reports production from Juanicipio (56% / 44% Fresnillo plc (“Fresnillo”) and MAG, respectively) for the second quarter (“Q2”) ended June 30, 2024. Q2 Highlights Expanding throughput: Juanicipio processed 336,593 tonnes of ore in Q2 continuing to build on daily milling rates. Consistent with Q1, all ore was processed at the Juanicipio plant in Q2.Continued strong gr...
MAG Silver Publishes Third Annual Sustainability Report
MAG Silver Publishes Third Annual Sustainability Report VANCOUVER, British Columbia, July 18, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, “MAG Silver”, or the “Company”) is pleased to announce the publication of its third annual Sustainability Report, which underscores MAG’s fundamental commitment to transparency with its stakeholders while providing a comprehensive overview of the Company's environmental, social and governance (“ESG”) commitments, practices, and performance for the 2023 year. The 2023 Sustainability Report is supported by the MAG Silver C...
MAG Provides Update on Silver King Fire In Piute County, Central Utah
MAG Provides Update on Silver King Fire In Piute County, Central Utah VANCOUVER, British Columbia, July 11, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) reports that its Deer Trail Project in central Utah is being affected by the Silver King Fire in Piute County. In an abundance of caution, exploration operations at the Deer Trail Project have been temporarily paused, with all personnel safe and the Deer Trail site secure. MAG will continue to carefully monitor the situation and comply with all local directives. The Company does not expect t...
MAG Reports AGSM Results
MAG Reports AGSM Results VANCOUVER, B.C. , June 18, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) reports that at its Annual General and Special Meeting (the “AGSM”) held on June 17, 2024, MAG’s shareholders (the “Shareholders”) approved by majority: to elect all eight directors standing for election, to re-appoint Deloitte LLP as auditors of the Company, and to support the Company’s approach to executive compensation. Detailed results of the total shares voted at the AGSM are set out below. Motions:NomineesTotalVotes CastTotalVotes ForTotal...
- Jack Goh Tooan Orng
Gaming - Waiting For Its Moment
Waiting For Its Moment 1Q24 results for gaming companies under our coverage continue to reflect a vibrant consumption trend, accelerating tourist visitations and spending surge. Although share price momentum is lagging the broad market, we believe the sector’s earnings growth, undervalued financial matrixes and lush dividend yields still resonate well with our investment foundations. Maintain OVERWEIGHT. Top picks: GENM, Magnum and RGB.
- Greater China Research Team
- Heidi Mo Jinghui
- Jack Goh Tooan Orng
- Julia Pan Mengyao
- Kasemsun Koonnara
- Limartha Adhiputra
- Ming San Soong
- Nurul Nazira Binti Abdullah
- Tham Mun Hon
Regional Morning Meeting Notes: Friday, June 07, 2024
GREATER CHINA Strategy Market Strategy 2H24: Building blocks in place. Results Meituan (3690 HK/BUY/HK$112.70/Target: HK$130.00) 1Q24: Earnings beat. ISHT margin to stabilise in 2Q24; upgrade To BUY. INDONESIA Results Merdeka Copper Gold (MDKA IJ/HOLD/Rp2,460/Target: Rp2,500) 1Q24: EBITDA below expectations with potential improvement ahead. MALAYSIA Sector Gaming ...
GRU GEELY AUTOMOBILE HOLDINGS LIMITED
00992 LENOVO GROUP LIMITED
00291 CHINA RESOURCES BEER (HOLDINGS) CO. LTD.
MAG. MAG SILVER CORP.
ASM PACIFIC TECHNOLOGY LIMITED
00388 HONG KONG EXCHANGES & CLEARING LTD.
300124 SHENZHEN INOVANCE TECHNOLOGY CO. LTD CLASS A
AP AP THAILAND
00700 TENCENT HOLDINGS LTD.
M4B CHINA MERCHANTS BANK CO. LTD. CLASS H
03690 MEITUAN CLASS B
GENT GENTING BHD
06862 HAIDILAO INTERNATIONAL HOLDING LTD.
BST BERJAYA SPORTS TOTO BHD
RGB RGB INTERNATIONAL BHD
1199 COSCO SHIPPING PORTS LIMITED
601138 FOXCONN INDUSTRIAL INTERNET CO. LTD. CLASS A
300750 CONTEMPORARY AMPEREX TECHNOLOGY CO. LTD. CLASS A
06690 HAIER SMART HOME CO. LTD. CLASS H
02423 KE HOLDINGS INC.
MDKA MERDEKA COPPER GOLD TBK PT
LHN LHN LTD
Z29 029 GROUP SE
09961 CTRIP.COM INTERNATIONAL
GENTMK GENTING BERHAD
LAGENDA LAGENDA PROPERTIES BHD
MAG Silver Announces Filing of Final Base Shelf Prospectus
MAG Silver Announces Filing of Final Base Shelf Prospectus VANCOUVER, British Columbia, May 31, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, or the “Company”) today announced that it has obtained a receipt for the final short form base shelf prospectus (the “Final Shelf Prospectus”) filed with the securities commissions in all of the provinces and territories of Canada. A corresponding registration statement on Form F-10 has been filed with the United States Securities and Exchange Commission (the “SEC”) under the United States Securities Act of 1933, as am...
- Jack Goh Tooan Orng
Magnum (MAG MK) - 1Q24: Affected By Higher Prize Payout
1Q24: Affected By Higher Prize Payout 1Q24 results came in below expectations, despite recording the best quarterly revenue since the onset of the COVID-19 pandemic. Gaming revenue reached 88% of prepandemic levels but prize payout was exceptionally high during the quarter, resulting in lower margins and weak earnings. With the progressive recovery in ticket sales, we retain our view that Magnum remains appealing for its bargain valuations and lush dividend yields of 7-10% for FY23-24. Maintain ...
- Adrian Loh Tzum Yung
- Carol Dou Xiao Qin
- Chong Lee Len
- Jack Goh Tooan Orng
- Kasemsun Koonnara
- Kong Ho Meng
- Stevanus Juanda
- Sunny Chen
- Wei Xiang Ku
Regional Morning Notes - Wednesday, May 29, 2024
GREATER CHINA Results Alibaba Health Information Technology (241 HK/BUY/HK$3.38/Target: HK$4.20): FY24: Bottom line beat estimates; guiding 15% yoy revenue growth and net margin of 5% in FY25. INDONESIA Update Astra International (ASII IJ/SELL/Rp4,510/Target: Rp3,900): Sales declines for the 10th consecutive month; weakness to last till end-24. MALAYSIA Results CelcomDigi (CDB MK/HOLD/RM4.00/Target: RM4.50): 1Q24: Within expectations. Stock offers 4% dividend yield for 2024 as management focus...
MAG Silver Announces Planned Retirement of CXO
MAG Silver Announces Planned Retirement of CXO VANCOUVER, British Columbia, May 21, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, or the “Company”) announces the planned retirement of Co-Founder and Chief Exploration Officer (“CXO”), Dr. Peter Megaw, effective May 21, 2024. Peter has been an integral part of MAG Silver’s success, applying over 45 years of relevant experience to our silver and gold exploration efforts, with the past ten years dedicated to serving as MAG’s CXO. Peter’s retirement marks the culmination of over 20 years of dedicated service t...
MAG Silver Announces Intention to Make Normal Course Issuer Bid for Co...
MAG Silver Announces Intention to Make Normal Course Issuer Bid for Common Shares VANCOUVER, British Columbia, May 15, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, or the “Company”) today announced that the Toronto Stock Exchange (the “TSX”) has accepted the Company’s Notice of Intention to Make a Normal Course Issuer Bid (“NCIB”). Under the NCIB, the Company may purchase for cancellation up to an aggregate of 8,643,374 common shares in the capital of the Company (“Common Shares”), representing approximately 10% of the public float (as defined in the rules...
Mag Silver Announces Filing of Preliminary Base Shelf Prospectus
Mag Silver Announces Filing of Preliminary Base Shelf Prospectus VANCOUVER, British Columbia, May 14, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, or the “Company”) today announced that it has filed a preliminary short form base shelf prospectus (the “Preliminary Shelf Prospectus”) with the securities commissions in all of the provinces and territories of Canada. A corresponding registration statement on Form F-10 will be filed with the United States Securities and Exchange Commission (the “SEC”) under the United States Securities Act of 1933, as amended a...
MAG Silver Reports First Quarter Financial Results
MAG Silver Reports First Quarter Financial Results VANCOUVER, British Columbia, May 14, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, or the “Company”) announces the Company’s unaudited consolidated financial results for the three months ended March 31, 2024 (“Q1 2024”). For details of the unaudited condensed interim consolidated financial statements of the Company for the three months ended March 31, 2024 (“Q1 2024 Financial Statements”) and management’s discussion and analysis for the three months ended March 31, 2024 (“Q1 2024 MD&A”), please see the Compa...
MAG Announces First Quarter 2024 Production From Juanicipio
MAG Announces First Quarter 2024 Production From Juanicipio VANCOUVER, British Columbia, April 24, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) reports production from Juanicipio (56% / 44% Fresnillo plc (“Fresnillo”) and MAG, respectively) for the first quarter (“Q1”) ended March 31, 2024. Q1 Highlights Solid throughput: Juanicipio processed 325,684 tonnes of ore in Q1. Despite a routine 4 day maintenance shutdown during the quarter, Juanicipio delivered 3,980 tonnes per operating day milling performance confirming its operational efficie...
MAG Silver Announces Robust Updated Technical Report for Juanicipio
MAG Silver Announces Robust Updated Technical Report for Juanicipio Declares Inaugural Mineral Reserves to Support an Initial 13-Year Life of Mine Plan VANCOUVER, British Columbia, March 27, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, or the “Company”) is pleased to announce it has filed on SEDAR, the Juanicipio Mineral Resource and Mineral Reserves NI 43-101 Technical Report (the “2024 Technical Report” or the “Report”) for the Juanicipio Mine (44% MAG, 56% Fresnillo plc, the mine operator) located in the state of Zacatecas, Mexico. The Report was prepa...
MAG Silver Provides Notice of Updated Juanicipio Technical Report
MAG Silver Provides Notice of Updated Juanicipio Technical Report VANCOUVER, British Columbia, March 25, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, or the “Company”) announces that it will release results from its updated Juanicipio Technical Report (the “Report”) on Wednesday, March 27, 2024. A conference call will be held to discuss the results of the Report on Wednesday, March 27, 2024 at 8:15 a.m. Eastern Time. Conference call dial-in numbers: Canada / USA toll-free: International: A live webcast will also be available at: About MAG Silver Corp...
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