OUTLOOK 2025 – 6 VALUE STOCKS FOR YOUR PORTFOLIO Bulgaria's economy showed resilience despite the world and domestic challenges. In the first three quarters of 2024, the country posted steady annual GDP growth of 1.9% in Q1, 2.3% in Q2 and 2.6% in Q3 (non-seasonally adjusted data). The main drivers behind the growth were the individual and government consumption, which accelerated their contribution throughout the three quarters. Inflation has been on a downward trend, aligning with global ...
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 ...
GREATER CHINA Economics Trade Export Growth Rebounded; Rush Order Ahead Of Tariffs? Sector Education Key growth themes in 2025 upon policy clarity and AI integration progress. Property Sales pull back mom before Chinese New Year; updates of 2024 op...
GREATER CHINA Sector IT Hardware Solid 2024 Shipment Data; recovery in 2025 remains intact. Maintain OVERWEIGHT . INDONESIA Small/Mid Caps Highlights Bukit Asam (PTBA IJ/NOT RATED/Rp2,690) Strong production outlook towards 2029. MALAYSIA Sector Banking Malaysian banks are likely to take a cautious and gradual approach to capital managemen...
The Hardman & Co Healthcare Index (HHI) has been running since 2009. Its main function is to highlight the attractions of life sciences investments over the long term. For the third year running, despite generally good returns in global markets, particularly in the US, performance in 2024 was poor, not helped by the capital-intensive nature of the sector. The HHI fell 17.7% to 398.9, underperforming all its benchmarks – FTSE 100 (+5.7%), FTSE All-Share (5.6%) and the FTSE AIM All-Share Index (-5...
Abingdon Health 8.00p £15.49m (ABDX.L) The international lateral flow contract research and contract development and manufacturing organisation (CDMO), reports winning a £0.5m 12-month contract. Starting in March 2025, its recently acquired subsidiary, CS (Lifesciences) Ltd, will work with a major global diagnostics client on quality management systems and regulatory approvals. The CS subsidiary is a consultancy specialising in compliance requirement in international in vitro diagnostics and m...
The Bulgarian market weakened and only few outstanding names like Shelly Group (SLYG, EUR 34.00, -2.58%), the freshly renamed Wiser Technology (WISR, BGN 5.00, -4.76%) and Doverie (DUH, BGN 7.70, -1.28%) concentrated the investors’ focus and provided significant liquidity to the market. The negative bias was reinforced by low-volume price actions with Agria (AGH, BGN 19.50, -3.47%) and First Investment Bank (FIB, BGN 4.20, -2.33%) on poor buy order side within the benchmark, while BG Agro (BGAG,...
The Bulgarian stocks marked a mixed start of the year, as during the two trading days, local benchmark SOFIX lost 0.4% to settle at 889.27. The broader BGBX40 (171.79, +0.0%) and BGTR30 (865.04, +0.2%) kept to a tighter range. The weekly top performer within our selected companies were Industrial Capital Holding (HIKA, BGN 2.68, +5.5%) and Alcomet (ALCM, BGN 6.75, +5.5%), while two of the SOFIX members – Eurohold Bulgaria (EUBG, BGN 1.92, -3,5%) and Doverie United Holding (DUH, BGN 7,80, -2,0%)...
Arrow Exploration - Arrow Announces Exploration Well AB-1 Results Engage XR Holdings - Pre-Close Trading Update Equipmake Holdings - Update on Strategic Review and Formal Sale Process Genflow Biosciences - 2024 Highlights Guardian Metal Rsrc. - 750,000 Placing with Institutional Investor MyCelx Tech. Corp. - Year-end Update Smarttech247 Group - Update re. results for the year ended 31 July 2024 SRT Marine Systems - Phase 2 System Contract Notice to Proceed Received Technology Minerals - Leading ...
The Bulgarian market was in retreat mode on Friday, following sell-off of the heavy member Shelly Group (SLYG, EUR 34.00, -2.58%) as well as Telematic Interactive (TIB, BGN 22.20, -2.63%) and BG Agro (BGAG, BGN 1.06, -8.62%). SOFIX (889.27) plunged 1.68% during the session, reflecting low-volume trade with Eurohold (EUBG, BGN 1.92, 0.00%) on the bid side, but late-hour trade covered the decrease and the benchmark booked 0.25% loss. The activity was broadly based with volumes close to 15-days ave...
Welcome to Zeus’ Top Picks 2025. Every year since 2021 Zeus analysts have selected their highest conviction UK SMID cap stocks over a one-year investment horizon. In 2024 Zeus analysts selected nine stocks across various sectors, focusing predominantly on the UK AIM market. These stocks provided an average total return of 16.3%, beating the AIM All Share benchmark by 18.7ppts*.
Alpha Picks: Still Ample Domestic Catalysts Our Alpha Picks outperformed the FBMKLCI in Dec 24 (+4.9% vs +3.0%), partly due to window dressing picks. While the broad equity market may still be sidelined until US trade policies are clearly deployed, there are still ample trading opportunities arising from domestic catalysts such as Iskandar 2.0, renewable energy, blockchain, M&A and winners in the upcoming reporting season. Jan 25 picks: Gamuda, GENM, MrDIY, MYEG, Pekat, RHB Bank, RGB, SP Setia, ...
The Bulgarian equity market experienced some volatility on the first session of the year. The major indexes initially moved lower, pressed by poor trading activity in names related with some rebalancing at the end of the year, like Elana Agrocredit (EAC, BGN 1.08, -2.70%) and Eurohold (EUBG, BGN 1.92, -3.52%), but finally with the positive price actions in the tech sector – Shelly (SLYG, EUR 34.90, +3.87%) and Sirma (SGH, BGN 0.965, +2.12%) and the significant support from Alcomet (ALCM, BGN 7.0...
GREATER CHINA Strategy Alpha Picks: January Conviction Calls Add CATL, JD Logistics, Miniso and Plover Bay to our BUY list, and Weimob to our SELL list. INDONESIA Strategy Alpha Picks: Our Selections Outperform In 2024 Our picks are ISAT, KLBF, BMRI, BBRI, EXCL, CTRA, JSMR, BBNI, CMRY and ASII. MALAYSIA Update VS Industry (VSI MK/BUY/RM1.16/Target: RM1.50) Despite a 17% recovery in its share price since its low in m...
Another month of solid share price performance by banks saw the STI gain 1.3%, which was 2.3ppt better than our Alpha Picks portfolio on an equal-weighted basis. On a price weighted basis, we outperformed the STI by 0.7ppt for Dec 24 and an even punchier 14.4ppt for 2024. Our Alpha Picks portfolio has now outperformed the STI in 12 out of the past 15 months.
GREATER CHINA Economics PMI A strong rebound for non-manufacturing PMI. Sector Macau Gaming Dec 24 GGR below expectations; expect 2025 GGR to recover to 82% of 2019’s level. INDONESIA Update Mitra Keluarga Karyasehat (MIKA IJ/BUY/Rp2,540/Target: Rp3,300) Expect a double-digit earnings growth in 2025 MALAYSIA Sector Heal...
We discontinue our coverage of the following stocks, with immediate effect: Alkaloid AD Skopje Hellenic Bank ONE United Properties Photon Energy Sirma Group Holding Sopharma AD Telecom Egypt We caution against using the forecasts, ratings and price target guidance issued previously on these stocks.
Global Connectivity 0.6p £2.1m (AQSE:GCON)* The focus is on investing into communication services and technologies that enhance rural connectivity. The November 2024 Trading update reported holding a 9.5% stake in RBSHL's (Rural Broadband Solutions Holdings) which partially owns Voneus Limited. The value of GCON’s holding equated to £11.7m. In December 2024, GCON reported there will be a 32.5m reduction in the number of its 361.9m shares in issue by the end of the year and there could be a fu...
The Bulgarian market had another strong showing on Thursday, where SOFIX (879.19) recorded new 16-years high with 1.94% gain. The sharp positive actions of Eurohold (EUBG, BGN 1.85, +9.47%) and First Investment Bank (FIB, BGN 4.06, +4.10%) reflected less on the broad indexes, BGBX40 (170.33, +1.22%) and BGTR30 (856.82, +0.61%), while the real estate sector underperformed and BGREIT (214.21) declined by 0.22%. The volumes improved compared to previous days mainly on block trades with Bulgarian St...
The major indexes traded slightly higher on Wednesday, reflecting carryover upside momentum to build on recent gains. Buying efforts continued to move Eurohold (EUBG, BGN 1.69) ahead by fresh 2.42% increase, which in combination with Bulgarian Stock Exchange’s (BSE, BGN 7.95, +1.27%) and First Investment Bank’s (FIB, BGN 3.90, +0.52%) advance led the indexes to positive territory with SOFIX (862.47, +0.29%) on top. The daily volumes improved significantly as close to 32m warrants of Eurohold (EU...
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