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Hybridan Team ... (+2)
  • Hybridan Team
  • Jon Levinson

Hybridan Small Cap Feast: 26/03/2025

Our daily digest of news from UK Small Caps @HybridanLLP 26th March 2025 * A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: None Delistings: None Yester...

Adrian Loh Tzum Yung ... (+15)
  • Adrian Loh Tzum Yung
  • Carol Dou Xiao Qin
  • Claire Wang Kelai
  • Gigi Cheuk
  • Julia Pan Mengyao
  • Kate Luang
  • Keith Wee Teck Keong
  • Kenny Yong Hui Lim
  • Lester Siew
  • Ming San Soong
  • Paula Ruth
  • Roy Chen Chengzhi
  • Sunny Chen
  • Thanawat Thangchadakorn
  • Ziv Ang Sze Champ

Regional Morning Meeting Notes: Tuesday, March 25, 2025

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 ...

 PRESS RELEASE

ONGOING DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Be...

NEW YORK--(BUSINESS WIRE)-- , a leading national securities law firm, is investigating potential claims against Newmont Corporation (“Newmont” or the “Company”) (NYSE: NEM) and reminds investors of the April 1, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See . As detailed below, the complaint al...

Pierre FerraguÊ
  • Pierre FerraguÊ

The Tech Infrastructure Quarterly Bible 4Q24

We publish today our comprehensive quarterly bible: 240 pages of detailed analyses on what happened in the last 3 months, and how we interpret it, in light of our current convictions. The first section acts as a PM summary, outlining our key findings, and latest thoughts on the semi cycle, in 6 slides.

Silvercorp Metals Inc: 2 directors

Two Directors at Silvercorp Metals Inc sold/sold after exercising options 151,167 shares at 5.705CAD. The significance rating of the trade was 62/100. 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 direc...

Ejann Hiew ... (+3)
  • Ejann Hiew
  • Shirley Wang Xueyi
  • Stella Guo Yuting

Xtep International Holdings (1368 HK): 2024: Results in line; conserva...

2024 results were in line. For 2025, Xtep targets positive revenue growth and >10% net profit growth, with potential upside if the consumption environment improves. It plans to transition the core Xtep brand to a DTC model, with 400-500 Xtep branded stores to be involved in 2H25-2026. Saucony is expected to achieve 30-40% sales growth in 2025 and to double the sales in three years. Maintain BUY; cut target price by 2% to HK$8.00.

Bella Lu Yifei ... (+11)
  • Bella Lu Yifei
  • Carol Dou Xiao Qin
  • Gigi Cheuk
  • Heidi Mo Jinghui
  • Kampon Akaravarinchai
  • Kate Luang
  • Keith Wee Teck Keong
  • Ken Lee
  • Posmarito Pakpahan
  • Singapore Research Team
  • Sunny Chen

Regional Morning Meeting Notes: Friday, March 14, 2025

GREATER CHINA Strategy Small-Mid Cap Monthly Reiterate BUY on JBM Healthcare. Sector Automobile Weekly: PV sales decline wow due to seasonal factors. Maintain MARKET WEIGHT on the sector. Top BUYs: Geely, CATL, Fuyao and Desay SV. Results Ping An Healthcare and Technology Company (1833 HK/BUY/HK$7.72/Target:HK$11.00) 2024: Satisfactory results; expect ...

Heidi Mo Jinghui ... (+2)
  • Heidi Mo Jinghui
  • Singapore Research Team

Construction – Singapore: 2024 Results In Line; Promising Sector Outlo...

2024 results are within expectations, with all companies within our coverage universe posting double-digit yoy growth. The sector outlook in 2025 is promising, backed by the rollout of major projects (such as Changi T5 and MBS integrated resort expansion) and continued BTO supply ramp-up. We also expect private contract flows to improve, driven by the robust demand for the residential sector. Maintain OVERWEIGHT. Our top picks for the sector are HLA, PUC, TWC and Centurion.

Hybridan Team ... (+2)
  • Hybridan Team
  • Jon Levinson

Hybridan Small Cap Feast: 12/03/2025

Our daily digest of news from UK Small Caps @HybridanLLP 12th March 2025 * A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: Delistings: RA International Grou...

Anas Fitri Bin Ahmad ... (+14)
  • Anas Fitri Bin Ahmad
  • Benyamin Mikael
  • Chong Lee Len
  • Damon Shen
  • Ejann Hiew
  • Gigi Cheuk
  • Heidi Mo Jinghui
  • Jieqi Liu
  • John Cheong Ming Chern
  • Kasemsun Koonnara
  • Kate Luang
  • Lester Siew
  • Shirley Wang Xueyi
  • Stella Guo Yuting

Regional Morning Meeting Notes: Tuesday, March 11, 2025

GREATER CHINA Initiate Coverage JBM Healthcare (2161 HK/BUY/HK$1.82/Target: HK$2.42) Revitalising iconic pharma heritage brands. Results Wharf Real Estate Investment Co (1997 HK/BUY/HK$20.55/Target: HK$23.10) 2024: Underlying net profit met expectation; lower finance costs being key driver of profits amid top-line uncertainties. Update Jiumaojiu International Holdings (9922 HK/HOLD/HK$3.08/Target: HK$3.00) ...

Chong Lee Len ... (+7)
  • Chong Lee Len
  • Claire Wang Kelai
  • Llelleythan Tan Tan
  • Paula Ruth
  • Tanaporn Visaruthaphong
  • Tham Mun Hon
  • Thanawat Thangchadakorn

Regional Morning Meeting Notes: Monday, March 10, 2025

GREATER CHINA Economics Inflation Deflationary pressures intensify as CPI turns negative. Trade A weaker start for 2025. INDONESIA Small/Mid Cap Highlights WIR Asia (WIRG IJ/NOT RATED/Rp116) Digital reality tech company with AI features; 9M24 NPAT up 18% yoy. MALAYSIA Sector T...

Pierre FerraguÊ
  • Pierre FerraguÊ

Bible 4Q24 – Autos: a trough is emerging. One of our favored semi sect...

Today, we are publishing the Automotive section of our 26th Tech Infrastructure Quarterly Bible. The Tech Bible is a must-read for any tech investor, as it summarizes the quarterly earnings reports from the over 140 companies we track, providing an update on our key perspectives and convictions. In the coming weeks we will publish sections on Cloud Infrastructure, Memory, Telecom Equipment, Enterprise IT, Ride sharing & Delivery, and Foundry. Auto semi revenues declined sharply as the industry ...

John Cheong Ming Chern ... (+4)
  • John Cheong Ming Chern
  • Jonathan Koh
  • Lester Siew
  • Singapore Research Team

Singapore Daily: Tuesday, March 04, 2025

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...

 PRESS RELEASE

Newmont Completes the Sale of Musselwhite, Éléonore, and CC&V

DENVER--(BUSINESS WIRE)-- (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (“Newmont” or the “Company”) announced today that it has completed the previously disclosed sales of three non-core operations, including the Musselwhite and Éléonore operations in Canada and the Cripple Creek & Victor (“CC&V”) operation in Colorado, USA. “Today, I am pleased to announce the successful divestment of three more of our non-core assets, generating total after-tax cash proceeds of $1.7 billion before closing adjustments,” said Tom Palmer, Newmont’s President and Chief Executive Officer. “We look forward to com...

Arsit Pamaranont ... (+5)
  • Arsit Pamaranont
  • Benjaphol Suthwanish
  • Kampon Akaravarinchai
  • Kasemsun Koonnara
  • Kitpon Praipaisarnkit

tHAILAND Daily: Friday, February 28, 2025

Results Amata Corporation (AMATA TB/BUY/Bt23.90/Target: Bt35.00) 4Q24: Net income misses expectations but still robust yoy and qoq. AP Thailand (AP TB/BUY/Bt8.70/Target: Bt11.30) 4Q24: Earnings in line; aggressive strategy for 2025. Bumrungrad Hospital (BH TB/BUY/Bt183.50/Target: Bt232.00) 4Q24: Strong 4Q24 earnings attributable to tax benefit. Hana Microelectronics (HANA TB/HOLD/Bt20.10/Target: Bt22.00) 4Q24: Net loss from high impairment. Indorama Ventures (IVL TB/BUY/Bt19.30/Target: Bt30.00)...

Adrian Loh Tzum Yung ... (+24)
  • Adrian Loh Tzum Yung
  • Bella Lu Yifei
  • Benjaphol Suthwanish
  • Carol Dou Xiao Qin
  • Damon Shen
  • Ejann Hiew
  • Gigi Cheuk
  • Jack Goh Tooan Orng
  • Jieqi Liu
  • John Cheong Ming Chern
  • Kasemsun Koonnara
  • Kate Luang
  • Keith Wee Teck Keong
  • Ken Lee
  • Kenny Yong Hui Lim
  • Lester Siew
  • Llelleythan Tan Tan
  • Philip Wong
  • Posmarito Pakpahan
  • Roy Chen Chengzhi
  • Shirley Wang Xueyi
  • Stella Guo Yuting
  • Sunny Chen
  • Tanaporn Visaruthaphong

Regional Morning Meeting Notes: Friday, February 28, 2025

GREATER CHINA Sector Automobile Weekly: PV sales picked up wow while the wait-and-see sentiment continues. Upgrade Li Auto and XPeng from HOLD to BUY and raise target price to HK$156.00 and HK$110.00 respectively. Maintain MARKET WEIGHT on the sector. Top BUYs: Geely, CATL, Fuyao and Desay. Results BeiGene (6160 HK/BUY/HK$161.60/Target: HK$220.00) 2024: Results beat; targets operating profit...

Adrian Loh Tzum Yung ... (+19)
  • Adrian Loh Tzum Yung
  • Benjaphol Suthwanish
  • Chong Lee Len
  • Claire Wang Kelai
  • Colin Lee
  • Damon Shen
  • Ejann Hiew
  • Heidi Mo Jinghui
  • Jo Yee Ng
  • John Cheong Ming Chern
  • Johnny Yum Chung Man
  • Jonathan Koh
  • Kampon Akaravarinchai
  • Keith Wee Teck Keong
  • Shirley Wang Xueyi
  • Stella Guo Yuting
  • Stevanus Juanda
  • Tham Mun Hon
  • Thanawat Thangchadakorn

Regional Morning Meeting Notes: Thursday, February 27, 2025

GREATER CHINA Economics Hong Kong Budget 2025-26 The budget balances fiscal discipline with strategic growth initiatives. Results ASMPT (522 HK/BUY/HK$64.05/Target: HK$80.00) 4Q24: Earnings disappoint; mainstream tools recovering in 2025 but visibility remains low. Maintain BUY. Budweiser APAC (1876 HK/BUY/HK$8.66/Target: HK$13.30) 4Q24: Results miss slightly; CEO change and increased shareho...

Adrian Loh Tzum Yung ... (+16)
  • Adrian Loh Tzum Yung
  • Anas Fitri Bin Ahmad
  • Benjaphol Suthwanish
  • Benyamin Mikael
  • Chong Lee Len
  • Heidi Mo Jinghui
  • John Cheong Ming Chern
  • Julia Pan Mengyao
  • Kampon Akaravarinchai
  • Kasemsun Koonnara
  • Kong Ho Meng
  • Lester Siew
  • Ming San Soong
  • Philip Wong
  • Tanaporn Visaruthaphong
  • Wei Xiang Ku

Regional Morning Meeting Notes: Wednesday, February 26, 2025

REGIONAL Sector Plantation Guest speakers at our Palm Oil Seminar 2025 flag diverging palm production prospects between Malaysia and Indonesia, alongside downside risks to CPO prices. GREATER CHINA Results Trip.com (9961 HK/BUY/HK$462.00/Target: HK$630.00) 4Q24: Earnings beat; continuous efforts in international expansion. INDONESIA Small/Mid Cap Highlights Bumi Resources Minerals (BRMS IJ...

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