Most tech manufacturing stocks are likely to be impacted to a different degree by the recent US trade tariffs. As a result, we recommend stocks that will be the least impacted and could potentially still deliver earnings growth for 2025. Our top picks are Frencken (which has manufacturing bases locally and strong orders from ASML), UMS (which is ramping up for its new customer) and Valuetronics (which will see contribution from new customers and its new GPU leasing business). Downgrade to MARKET...
GREATER CHINA Strategy China And Hong Kong Property & Hong Kong Landlord Tariffs curtail US rate cuts, thereby hindering the recovery of Hong Kong property and tourism; Maintain OVERWEIGHT on China property. INDONESIA Strategy Alpha Picks: Outperform In Mar 25 Remove BBNI, BBRI, ASII, JSMR and KLBF; add BBCA, ICBP, ERAA and BUKA. MALAYSIA Update Pekat Group (PEKAT MK/BUY/RM1.08/Target: RM1.45) Good earnings visibility over 2025...
The selloff driven by the US’ unprecedented and perplexing tariff plans has liberated many investors of profits this year. Given the fluidity of market conditions, we highlight a number of domestic-focused stocks such as CENT, CD, DFI, HLA, PANU, PROP, RFMD, SSG and SIE as well as Singapore-focused REITS such as CDLHT, FEHT, FCT, KREIT, LREIT and PREIT. In addition, the MAS’ equity market review should inject much needed liquidity in 2H25. We lower our STI target to 3,720 (previously 4,115).
GREATER CHINA Results CR Land (1109 HK/BUY/HK$25.85/Target: HK$32.40) 2024: Results in line; positive outlook for property sales in 2025. CR Mixc (1209 HK/BUY/HK$34.50/Target: HK$38.70) 2024: Results beat with 100% payout ratio; pursuing high-quality growth. Giordano International (709 HK/BUY/HK$1.52/Target: HK$2.14) 2024: 2H24 revenue rebound; 3-5% revenue growth and improving net margin in 2025. Haidilao Internatio...
GREATER CHINA Results BYD Company (1211 HK/BUY/HK$389.20/Target: HK$510.00) 4Q24: Earnings up 73% yoy, beating our estimates on margins. Maintain BUY. Raise target price from HK$410.00 to HK$510.00. BYD Electronic (285 HK/BUY/HK$42.45/Target: HK$47.70) 2H24: Earnings miss on margins; future growth will be driven by automotive and AI. Maintain BUY. Kuaishou (1024 HK/BUY/HK$56.80/Target: HK$75.00) 4Q24: Results in line with...
EQS-News: 123fahrschule SE / Schlagwort(e): Jahresbericht/Jahresergebnis 123fahrschule SE veröffentlicht Geschäftsbericht 2024: Deutliches Umsatzwachstum und Profitabilität 25.03.2025 / 15:04 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. 123fahrschule SE veröffentlicht Geschäftsbericht 2024: Deutliches Umsatzwachstum und Profitabilität Köln, 25. März 2024 – Die 123fahrschule SE (ISIN: DE000A2P4HL9; Ticker-Symbol: 123F; Primärmarkt Börse Düsseldorf), eine digital getriebene Fahrschulgruppe mit Fokus auf E-Learning, hat heute ihr...
GREATER CHINA Sector Internet Monetisation potential and trends of AI agent from the launch of Manus AI. Results CMOC (3993 HK/BUY/HK$6.72/Target: HK$8.70) 2024: Above expectations; copper output up 55% yoy to 650,161 tonnes. COSCO SHIPPING Holdings (1919 HK/BUY/HK$12.58/Target: HK$11.62) 2024: Results in line; more volatile business environment in 2025 but limited valuation ...
EQS-News: 123fahrschule SE / Schlagwort(e): Personalie Berufung von Herrn Dr. Andreas Günther in den Vorstand der 123fahrschule SE 20.03.2025 / 11:45 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Berufung von Herrn Dr. Andreas Günther in den Vorstand der 123fahrschule SE Köln, 20. März 2025 - Der Aufsichtsrat der 123fahrschule SE hat mit Beschlussfassung vom gestrigen Tag Herrn Dr. Andreas Günther (45) als zusätzliches Mitglied des Vorstands berufen. Herr Dr. Günther wird seine Tätigkeit am 20. März 2025 aufnehmen und übernimmt gem...
GREATER CHINA Results Cathay Pacific Airways (293 HK/HOLD/HK$10.90/Target: HK$11.20) 2024: Results slightly miss our forecast but a solid beat of consensus estimates. Yields to moderate further in 2025. Maintain HOLD. INDONESIA Small/Mid Cap Highlights Rukun Raharja (RAJA IJ/NOT RATED/Rp2,260) Leveraging stability in oil & gas business. MALAYSIA Results Bermaz Auto (BAUTO MK/HOLD/RM1.04/Target: RM1.00) 9MFY25: Results below e...
KEY HIGHLIGHTS Strategy Alpha Picks: Adding RSTON, UMSH, SIE, CICT And Removing CVL, VMS, LREIT Our Alpha Picks portfolio underperformed the STI in Feb 25, falling 3.6% mom on a market cap-weighted basis. Adding RSTON, UMSH, SIE and CICT; removing CVL, VMS and LREIT. Sector REITs S-REITs monthly update (Feb 25). Results First Resources (FR SP/BUY/S$1.59/Target: S$1.75) FY24: Results in line with our expectations but exceeded the street’s, with full-year nucleus FFB growth of 6.4% ex...
Only Cordiant and Pantheon buck the trend... For the remaining 29 quoted Infrastructure Investment Companies (IICs) and the Renewable Energy Infrastructure Funds (REIFs), 2024 was a dire year ‒ as was 2023. NAV discounts widened appreciably, while some REIFs, in particular, really struggled. During 2024, there were several “Continuation/Discontinuation Votes”, which saw some funds enter Managed Wind Down. Furthermore, there were no major sector fund-raises during the year; instead, share buy...
KEY HIGHLIGHTS Sector Offshore Marine “Drill baby drill” to benefit offshore marine stocks. Top picks are Seatrium and Marco Polo Marine in the small/mid-cap space. REITs S-REITs monthly update (Jan 25). TRADERS' CORNER Wilmar International (WIL SP): Trading BUY iFast Corp (IFAST SP): Trading BUY
EQS-News: 123fahrschule SE / Key word(s): Preliminary Results 123fahrschule with further growth - preliminary results for 2024 27.01.2025 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. 123fahrschule SE reports another sales record of 22.8 million euros and expands its management team Cologne, January 27, 2025 - The Management Board of 123fahrschule SE (ISIN: DE000A2P4HL9, "Company") reports preliminary unaudited figures for the 2024 financial year. With revenue of EUR 22.8 million and EBITDA of around EUR 400 thousand, the Comp...
EQS-News: 123fahrschule SE / Schlagwort(e): Vorläufiges Ergebnis 123fahrschule mit weiterem Wachstum - vorläufiges Ergebnis 2024 27.01.2025 / 08:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Die 123fahrschule SE meldet mit 22,8 Mio. Euro einen erneuten Umsatzrekord und erweitert die Führungsmannschaft Köln, 27. Januar 2025 — Der Vorstand der 123fahrschule SE (ISIN: DE000A2P4HL9, "Gesellschaft") meldet vorläufige ungeprüfte Zahlen für das Geschäftsjahr 2024. Mit einem Umsatz von EUR 22,8 Mio. und einem EBITDA in Höhe von rund ...
GREATER CHINA Sector Aviation Airlines: The three major airlines’ 2024 preliminary earnings estimates were below expectations – still loss-making. Healthcare TCM: GPO price pressure continues to cloud 2025’s growth outlook. Consumer CNY preview: Expect home appli...
GREATER CHINA Economics Money Supply Positive signs despite weak credit demand. Sector Baijiu Industry remains under pressure; conservative tone toward 2025; channel healthiness and price stability the key focuses. Downgrade the baijiu sector to UNDERWEIGHT. Metals and Mining ...
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