ROBINSON PCL. (TH), a company active in the Broadline Retailers industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 1 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date December 24, 2019, the closing pric...
GREATER CHINA Sector Property: 3Q19 results review: Rapid growth. Property: Sales growth thanks to price discounts; pressure in debt repayment appears. Property: Residential: Home prices bottoming; SHKP and NWD have highest exposure to residential development properties. MALAYSIA Update MISC (MISC MK/BUY/RM8.28/Target: RM9.00): Despite having secured contracts, project bids have increased further. MISC may benefit moderately from higher tanker and LNG shipping rates. SINGAPORE Results SIA Eng...
CHINA Economics The Big Picture: Short-term pain in 2H19 as China transitions to promoting sustainable growth. PMI : Recent weakness in non-manufacturing PMI presents new concern. Sector Aviation: China bans individual travel to Taiwan, limited impact on big three Chinese carriers. Insurance: Flat total premiums growth in July; healthcare and non-auto P&C insurance are bright spots. IT Hardware: 1H19 results preview: Camera module plays to outshine other component names. INDONESIA Results Adhi...
INDONESIA Results Telekomunikasi Indonesia (TLKM IJ/BUY/Rp3,790/Target: Rp4,280): 1Q19: Below our expectation; but on track for recovery. MALAYSIA Sector Plantation: Apr 19: Inventory drops for the second consecutive month to 2.73m tonnes with higher-than-expected exports and lower CPO production. SINGAPORE Sector Banking: 1Q19 round-up: Strong start; earnings up 8-11% yoy despite high base in 1Q18. Results Oversea-Chinese Banking Corp (OCBC SP/BUY/S$11.39/Target: S$14.62): 1Q19: Record PPOP; st...
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