reports
- Sid Rajeev
Attracts Coeur Mining
CMC Metals Ltd. (TSXV: CMB) has partnered with Coeur Mining (NYSE: CDE) to advance its Silverknife property in B.C., near Coeur’s Silvertip mine. This deal highlights CMC’s undervalued assets, including the Silver Hart project, where resources increased 18% to 8.8 Moz AgEq. High-grade results at the Amy property and upcoming drilling add further growth potential. Trading at an 84% discount to sector averages, CMC offers significant upside as it advances its projects.
- Bella Lu Yifei
- Benjaphol Suthwanish
- Carol Dou Xiao Qin
- Heidi Mo Jinghui
- Julia Pan Mengyao
- Kampon Akaravarinchai
- Kasemsun Koonnara
- Ken Lee
- Kong Ho Meng
- Lester Siew
- Llelleythan Tan Tan
- Ming San Soong
- Philip Wong
- Posmarito Pakpahan
- Sunny Chen
- Tanaporn Visaruthaphong
- Wei Xiang Ku
Regional Morning Notes - Friday, November 15, 2024
GREATER CHINA Sector Automobile: Weekly: PV sales dip wow while PEV market share increases. Maintain MARKET WEIGHT. Top BUYs: Geely, CATL, Fuyao Glass and Desay SV. Results Alibaba Health Information Technology (241 HK/BUY/HK$4.04/Target: HK$5.00): 1HFY25: Results in line; expect strong earnings growth momentum in FY25-26. Geely Auto (175 HK/BUY/HK$13.90/Target: HK$23.00): 3Q24: Core earnings up 81% yoy and 29% qoq, beating estimates. Maintain BUY. Raise target price from HK$21.50 to HK$23.00. J...
GRU GEELY AUTOMOBILE HOLDINGS LIMITED
CPF CHAROEN POKPHAND FOODS PUBLIC CO. LTD.
AMATA AMATA CORP
TOP THAI OIL PUBLIC CO. LTD.
00241 ALIBABA HEALTH INFORMATION TECHNOLOGY LTD.
3816 MISC BHD
C52 COMFORTDELGRO CORPORATION LIMITED
XLP SELECT SECTOR SPDR-CONSUMER STAPLES
CPN-R CENTRAL PATTANA PCL NVDR
MRDIY MR DIY GROUP M BHD
09999 NETEASE INC
09618 JD.COM INC. CLASS A
HUME HUME CEMENT INDUSTRIES BHD
- Lester Siew
First Resources (FR SP) - 9M24: Results Within Expectations; Continues...
FR reported 9M24 core net profit of US$152m (+28% yoy) which was in line with our expectations. 3Q24 core earnings rose 19% yoy to US$61m on improved margins while production continued to rise yoy relative to declines from its peers. Although output has likely peaked in 3Q24, we expect results to be sustained qoq on sequentially better selling prices and downstream processing margins. Maintain BUY. Target price: S$1.65.
- Heidi Mo Jinghui
- Lester Siew
- Llelleythan Tan Tan
Singapore Daily: Friday, November 15, 2024
KEY HIGHLIGHTS Results ComfortDelGro Corporation (CD SP/BUY/S$1.49/Target: S$1.83) 3Q24: Strong growth as the UK outperforms. Upgrade to BUY. First Resources (FR SP/BUY /S$1.57/Target: S$1.65) 9M24: Results within expectations; continues to outpace industry production. TRADERS' CORNER Hongkong Land Holdings (HKL SP): Trading BUY First Resources (FR SP): Trading BUY
- Heidi Mo Jinghui
- Lester Siew
- Llelleythan Tan Tan
Singapore Daily: Friday, November 15, 2024
KEY HIGHLIGHTS Results ComfortDelGro Corporation (CD SP/BUY/S$1.49/Target: S$1.83) 3Q24: Strong growth as the UK outperforms. Upgrade to BUY. First Resources (FR SP/BUY /S$1.57/Target: S$1.65) 9M24: Results within expectations; continues to outpace industry production. TRADERS' CORNER Hongkong Land Holdings (HKL SP): Trading BUY First Resources (FR SP): Trading BUY
- MarketLine Department
Aurcana Corporation - Mergers & Acquisitions (M&A), Partnerships & All...
Summary Marketline's Aurcana Corporation Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Aurcana Corporation - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investm...
- Jay Kornreich
- Richard Anderson
- Sydnie Rohme
Moody's Ratings states that Coeur's acquisition of SilverCrest is cred...
Moody's Ratings (Moody's) said that on October 4, Coeur Mining, Inc. ("Coeur") announced the acquisition of SilverCrest Metals Inc. ("SilverCrest"), a Canadian listed precious metals producer, with principal operations in Mexico. The all-equity transaction represents total equity value of $1.7 billi...
- Adrian Loh Tzum Yung
- Singapore Research Team
Strategy - Potential Impact Of Powell’s Jackson Hole Speech
After Powell’s Jackson Hole speech on 23 August, we see a turning point starting with a US Fed rate cut in Sep 24 and lower rates heading into 2025. In the Singapore market, REITs and the property sector should benefit, as should highly-geared companies and those looking to recycle capital. Our current forecasts have incorporated lower NIMs for banks which we believe are protected by their high dividend yields.
AES AES CORPORATION
G13 GENTING SINGAPORE
FCT FRASERS CENTREPOINT TRUST
CC3 STARHUB LTD
S63 SINGAPORE TECHNOLOGIES ENGINEERING LTD
544 CSE GLOBAL LTD.
D05 DBS GROUP HOLDINGS LTD
C09 CITY DEVELOPMENTS LIMITED
S68 SINGAPORE EXCHANGE LTD.
CENT CENTRATAMA TELEKOMUNIKASI INDONESIA
V03 VENTURE CORPORATION LIMITED
U96 SEMBCORP INDUSTRIES LTD.
F34 WILMAR INTERNATIONAL LIMITED
BN2 VALUETRONICS HOLDINGS
B8O YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD.
AJBU KEPPEL DC REIT
C52 COMFORTDELGRO CORPORATION LIMITED
C6L SINGAPORE AIRLINES LTD.
Z74 SINGAPORE TELECOMMUNICATIONS LIMITED
O39 OVERSEA-CHINESE BANKING CORPORATION LIMITED
Y92 THAI BEVERAGE PUBLIC CO. LTD.
AP4 RIVERSTONE HOLDINGS
BN4 KEPPEL CORPORATION LIMITED
VALUE VALUE8 N.V.
SE SEA ADS
SATS SP SATS LTD.
CDREIT CDL HOSPITALITY TRUSTS
SUN SUNTECH SA
KREIT KEPPEL REIT
MLT MAPLETREE LOGISTICS TRUST
FEHT FAR EAST HOSPITALITY TRUST
NETLINK NETLINK NBN TRUST
SIE SIA ENGINEERING CO LTD
BAL BUMITAMA AGRI LTD
PREIT PARKWAYLIFE REAL ESTATE
SPOST SINGAPORE POST LTD
MINT MAPLETREE INDUSTRIAL TRUST
FHT FRASERS HOSPITALITY TRUST
SSG SHENG SIONG GROUP LTD
RFMD RAFFLES MEDICAL GROUP LTD
TXG 10X GENOMICS INC CLASS A
TGIF 1933 INDUSTRIES
RSTON RIVERSTONE HOLDINGS LTD
FRKN FRENCKEN GROUP LTD
MPM MARCO POLO MARINE LTD
CICT CAPITALAND INTEGRATED COMMERCIAL TRUST
LREIT SP LENDLEASE GLOBAL COMMERCIAL REIT
FLT FRASERS LOGISTICS & COMMERCIAL TRUST
SE US SEA LIMITED
CVL CIVMEC
DCREIT DIGITAL CORE REIT
CLI CAPITALAND INVESTMENT LTD
MPACT MAPLETREE PAN ASIA COMMERCIAL TRUST
123F 123FAHRSCHULE SE
BCOW 1895 BANCORP OF WISCONSIN INC
CLAS CAPITALAND ASCOTT TRUST
CLAR CAPITALAND ASCENDAS REIT
DFI DFI RETAIL GROUP HOLDINGS LIMITED
STM SEATRIUM LTD
EPIC 1CM INC
Z29 029 GROUP SE
PAN SP PAN-UNITED CORPORATION (PAN SP)
- MarketLine Department
Fresnillo Plc - Company Profile and SWOT Analysis
Summary Fresnillo Plc - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Fresnillo Plc (Fresnillo), a subsidiary of Industrias Penoles SAB de CV, carries out the exploration, development and mining of silver, gold, zinc, and lead. It owns and operates Fresnillo, Herradura, Cie...
- MarketLine Department
Wheaton Precious Metals Corp - Company Profile and SWOT Analysis
Summary Wheaton Precious Metals Corp - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Wheaton Precious Metals Corp (Wheaton Precious) is a precious metals streaming company in Canada. It carries out acquisition, development, production, and operation of gold and silver mines...
- Adrian Loh Tzum Yung
- Chong Lee Len
- Heidi Mo Jinghui
- Jack Goh Tooan Orng
- John Cheong Ming Chern
- Jonathan Koh
- Llelleythan Tan Tan
- Roy Chen Chengzhi
- Singapore Research Team
Singapore Daily - Thursday, August 15, 2024
KEY HIGHLIGHTS Sector Property Developers: 1H24: A slight miss for CLI; worse-than-expected for CDL. Results AEM Holdings (AEM SP/SELL/S$1.46/Target:S$1.04): 1H24: Earnings and guidance way below estimates; reduce target price by 38%. First Resources (FR SP/BUY /S$1.39/Target: S$1.65): 1H24: Within expectations. Two positive points are: a) positive production growth vs contraction by most of peers, b) downstream turns profitable. Genting Singapore (GENS SP/BUY/S$0.82/Target: S$1.18): 2Q24: W...
- Singapore Research Team
First Resources (FR SP) - 1H23: Within Expectations; Operational Perfo...
FR reported core net profit of US$90.6m, within expectations. Improvement was mainly driven by higher production, lower cost, better by-products prices and positive downstream contributions. FR is maintaining positive production growth guidance vs the industry’s native growth. Positive downstream margin is likely to sustain into 2H24. Thus, we expect better earnings in 2H24. FR declared an interim DPS of S$0.035 or yield of 2.5%. Maintain BUY. Target price: S$1.65.
- Jay Kornreich
- Richard Anderson
- Sydnie Rohme
- Wedbush Research
W WAYFAIR INC.
2454 MEDIATEK INC.
VMW VMWARE INC. CLASS A
XENE XENON PHARMACEUTICALS INC
WDC WESTERN DIGITAL CORPORATION
WAL WESTERN ALLIANCE BANCORP
TRNO TERRENO REALTY CORPORATION
STAG STAG INDUSTRIAL INC.
SIMON SILICON MOTION TECHNOLOGY CORPORATION SPONSORED ADR
SAGE SAGE THERAPEUTICS INC.
RWT REDWOOD TRUST INC.
REXR REXFORD INDUSTRIAL REALTY INC.
PSTG PURE STORAGE INC. CLASS A
NVDA NVIDIA CORPORATION
NVCR NOVOCURE LTD.
NTAP NETAPP INC.
NRZ NEW RESIDENTIAL INVESTMENT CORP.
NBIX NEUROCRINE BIOSCIENCES INC.
MU MICRON TECHNOLOGY INC.
KURA KURA ONCOLOGY INC.
INTC INTEL CORPORATION
GOOGL ALPHABET INC. CLASS A
FR FIRST INDUSTRIAL REALTY TRUST INC.
ETSY ETSY INC.
EGP EASTGROUP PROPERTIES INC.
CTMX CYTOMX THERAPEUTICS INC.
CFG CITIZENS FINANCIAL GROUP INC.
BIIB BIOGEN INC.
ARDX ARDELYX INC
2330 TAIWAN SEMICONDUCTOR MANUFACTURING CO. LTD.
2303 UNITED MICROELECTRONICS CORP.
HPE HEWLETT PACKARD ENTERPRISE CO.
FND FLOOR & DECOR HOLDINGS INC. CLASS A
PLYM PLYMOUTH INDUSTRIAL REIT INC.
ARGX ARGENX ADS
MRSN MERSANA THERAPEUTICS
SNBR SLEEP NUMBER CORPORATION
AMD ADVANCED MICRO DEVICES INC.
AAPL APPLE INC.
MSFT MICROSOFT CORPORATION
IBM INTERNATIONAL BUSINESS MACHINES CORPORATION
AVGO BROADCOM INC.
PRPL PURPLE INNOVATION
KNSA KINIKSA PHARMACEUTICALS
COOP MR. COOPER GROUP INC.
CHWY CHEWY INC. CLASS A
DELL DELL TECHNOLOGIES INC CLASS C
STOK STOKE THERAPEUTICS
SWTX SPRINGWORKS THERAPEUTICS
PFSI PENNYMAC FINANCIAL SERVICES INC.
RVMD REVOLUTION MEDICINES
BDTX BLACK DIAMOND THERAPEUTICS
ORIC ORIC PHARMACEUTICALS
PRAX PRAXIS PRECISION MEDICINES
COGT COGENT BIOSCIENCES INC
RKT ROCKET COMPANIES
VRDN VIRIDIAN THERAPEUTICS INC
NUVB NUVATION BIO INC (A)
CGEM CULLINAN ONCOLOGY INC
DAWN DAY ONE BIOPHARMACEUTICALS INC
GHLD GUILD HOLDINGS
FHTX FOGHORN THERAPEUTICS
LBPH LONGBOARD PHARMACEUTICALS
MRVL MARVELL TECHNOLOGY INC
STX SEAGATE TECHNOLOGY HLDGS PLC
IKNA IKENA ONCOLOGY INC
UWMC UWM HLDGS CORP
JANX JANUX THERAPEUTICS INC
TYRA TYRA BIOSCIENCES INC
EWTX EDGEWISE THERAPEUTICS INC
DBD DIEBOLD NIXDORF INCORPORATED
- Jay Kornreich
- Richard Anderson
- Sydnie Rohme
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