reports
- Anas Fitri Bin Ahmad
- Benjaphol Suthwanish
- Chong Lee Len
- Desmond Chong Chee Wai
- Heidi Mo Jinghui
- John Cheong Ming Chern
- Julia Pan Mengyao
- Kampon Akaravarinchai
- Kitpon Praipaisarnkit
- Kong Ho Meng
- Llelleythan Tan Tan
- Malaysia Research Team
- Ming San Soong
- Stevanus Juanda
- Tanaporn Visaruthaphong
- Wei Xiang Ku
Regional Morning Notes - Thursday, November 14, 2024
GREATER CHINA Results Tencent Holdings (700 HK/BUY/HK$403.80/Target: HK$570.00): 3Q24: Solid earnings beat; mini shop and potential blockbuster as key catalysts. INDONESIA Results Aspirasi Hidup Indonesia (ACES IJ/BUY/Rp835/Target: Rp1,200): 3Q24: NPAT up 13.7% yoy; slightly above consensus expectations. MALAYSIA Results Malaysia Marine and Heavy Engineering Holdings (MMHE MK/BUY/RM0.44/Target: RM0.70): 1H24: Positively surprises on project cost claims. Marine segment still weakened by competi...
PTT PTT PUBLIC COMPANY LIMITED
BN2 VALUETRONICS HOLDINGS
5186 MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BHD
PLANB PLAN B MEDIA
AWX AEM HOLDINGS
Z74 SINGAPORE TELECOMMUNICATIONS LIMITED
HANA HANA MICROELECTRONICS PCL
ACES PT ACE HARDWARE INDONESIA TBK
00700 TENCENT HOLDINGS LTD.
CPALL TB CP ALL
HAPL HAP SENG PLANTATIONS HOLDINGS BHD
VST VSTECS BHD
- John Cheong Ming Chern
AEM Holdings (AEM SP) - 3Q24: Earnings Below Estimate And Outlook Rema...
AEM reported a 3Q24 loss of S$0.9m and 9M24 loss of S$0.1m. Earnings missed our 2024 estimate of S$10m. AEM has raised 2H24 revenue guidance to S$190m-210m, up from S$160m-180m as its key customer brings forward orders from 2025. Its outlook remains mixed with the company focusing on implementing four mid-term strategies. We raise our 2024 revenue estimate by 7% but keep earnings unchanged. Maintain SELL with a 5% higher target price of S$1.10.
- Anas Fitri Bin Ahmad
- Benjaphol Suthwanish
- Carol Dou Xiao Qin
- Damon Shen
- Desmond Chong Chee Wai
- Jieqi Liu
- John Cheong Ming Chern
- Johnny Yum Chung Man
- Julia Pan Mengyao
- Keith Wee Teck Keong
- Kitpon Praipaisarnkit
- Ming San Soong
- Paula Ruth
- Shirley Wang Xueyi
- Stella Guo Yuting
- Sunny Chen
Regional Morning Meeting Notes: Wednesday, August 28, 2024
GREATER CHINA Results Anta (2020 HK/BUY/HK$71.65/Target: HK$109.60) 1H24: Results beat. Fila's guidance slightly lowered; new brands performed well. China Overseas Property Holdings (2669 HK/BUY/HK$4.63/Target: HK$7.20) 1H24: Results meet expectations; higher dividend payout ratio. Hansoh Pharmaceutical Group Company (3692 HK/BUY/HK$18.22/Target: HK$27.00) 2Q24: Margins deteriorate; automation demand outlook remains sluggish. Shenzhen Inovance (300124 CH/BU...
AS7 ANTA SPORTS PRODUCTS LTD.
600809 SHANXI XINGHUACUN FEN WINE FACTORY CO. LTD. CLASS A
V03 VENTURE CORPORATION LIMITED
1295 PUBLIC BANK BHD
BN2 VALUETRONICS HOLDINGS
4197 SIME DARBY BHD.
AWX AEM HOLDINGS
558 UMS HOLDINGS LIMITED
NANO NANOCO GROUP
300124 SHENZHEN INOVANCE TECHNOLOGY CO. LTD CLASS A
HANA HANA MICROELECTRONICS PCL
ERAA ERAJAYA SWASEMBADA
VALUE VALUE8 N.V.
02669 CHINA OVERSEAS PROPERTY HOLDINGS LIMITED
INRI INARI AMERTRON BHD
RHBBANK RHB BANK BHD
TXG 10X GENOMICS INC CLASS A
UMSH UMS HOLDINGS LTD
FRKN FRENCKEN GROUP LTD
SCGP SCG PACKAGING PCL
AZTECH NANOFILM TECHNOLOGIES INTERNATIONAL
MZH HANSOH PHARMACEUTICAL GROUP
3692 AEM HOLDINGS LTD
AEM 123FAHRSCHULE SE
123F AZTECH GLOBAL LTD
8AZ 029 GROUP SE
Z29 CTRIP.COM INTERNATIONAL
AEM Holdings Ltd: 1 director
A director at AEM Holdings Ltd maiden bought 270,000 shares at 1.870SGD and the significance rating of the trade was 85/100. 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 yea...
- John Cheong Ming Chern
Technology – Singapore: Expect Earnings Weakness From Industry Headwin...
We expect earnings weakness for tech manufacturing stocks in 2Q23, due to weaker global demand for electronic goods and inventory destocking. Pure semiconductor names (AEM, UMS) should deliver weaker earnings due to a slowdown in the semiconductor cycle. On the other hand, stocks with a diverse customer base will not be spared from the general economic slowdown (Venture, Frencken). Aztech is the only BUY under our coverage. We have a SELL rating on AEM and Nanofilm.
- John Cheong Ming Chern
- Desmond Chong Chee Wai
- Heidi Mo Jinghui
- John Cheong Ming Chern
- Kampon Akaravarinchai
- Ken Lee
- Kitpon Praipaisarnkit
- Kochakorn Sutaruksanon
- Limartha Adhiputra
- Llelleythan Tan Tan
- Malaysia Research Team
- Vincent Khoo Boo Aik
Regional Morning Notes - Monday, May 15, 2023
GREATER CHINA Update BYD Company (1211 HK/BUY/HK$260.10/Target: HK$590.00): Takeaways from investor conference; maintain BUY. INDONESIA Shariah Gems Conference Highlights Semen Indonesia (SMGR IJ/BUY/Rp5,900/Target: Rp9,200): On track for potential 30.9% yoy NPAT growth. MALAYSIA Shariah Gems Conference Highlights UMW Holdings (UMWH MK/HOLD/RM3.79/Target: RM3.80): While a base normalisation from the automobile segment could be in sight for 2H23, the group’s strong orderbook backlog alongside a...
CPF CHAROEN POKPHAND FOODS PUBLIC CO. LTD.
002594 BYD COMPANY LIMITED CLASS A
AWX AEM HOLDINGS
Y92 THAI BEVERAGE PUBLIC CO. LTD.
CENTEL CENTRAL PLAZA HOTEL
1211 BYD COMPANY LIMITED CLASS H
AOT AIRPORTS OF THAILAND PUBLIC CO. LTD.
UMWH UMW HOLDINGS BHD
FEH FOOD EMPIRE HOLDINGS LTD
AEM AEM HOLDINGS LTD
SFPTECH SFP TECH HOLDINGS BERHAD
SMGR SEMEN INDONESIA PERSERO TBK
- John Cheong Ming Chern
- Jonathan Koh
- Llelleythan Tan Tan
Singapore Daily - Tuesday, February 28, 2023
KEY HIGHLIGHTS Results AEM Holdings (AEM SP/HOLD/S$3.05/Target:S$2.78): 2022: Earnings miss expectations slightly; reveals conservative guidance. Raffles Medical Group (RFMD SP/BUY/S$1.50/Target:S$1.85): 2022: Exceptional year in Singapore, China next. United Hampshire US REIT (UHU SP/BUY/US$0.515/Target: US$0.71): 2H22: Strip centres at the forefront of retail recovery. TRADERS’ CORNER Best World International (BEST SP): Trading Buy Parkway Life REIT (PREIT SP): Trading Buy
AEM HOLDINGS receives a double requalification that leads to a downgra...
AEM HOLDINGS (SG), a company active in the Industrial Machinery industry, sees its general evaluation downgraded to Neutral on account of a double requalification. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour has also deteriorated and is evaluated as moderately risky. theScreener believes that the loss of a star(s) and the increased risk justifies the general evaluation downgrade, which passes to Neutral. A...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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