Monday, July 14th, 2025

Category: Market Updates

Leading IT Distributor VSTECS Holdings Rides the AI Wave for Sustained Growth

Report Date: October 30, 2024Broker: UOB Kay Hian Company Overview Market PositionVSTECS Holdings is a prominent IT distributor, ranking as the eighth largest globally, with a strong presence in Southeast Asia (SEA) and China....

Axis REIT: Strong Earnings Growth and Strategic Expansion Drive Positive Outlook

Date of Report: October 29, 2024Broker: Maybank Investment Bank Berhad Overview of Axis REIT Axis Real Estate Investment Trust (REIT) is a Shariah-compliant REIT based in Malaysia that primarily owns and invests in commercial,...

Suntec REIT: Navigating Growth Amidst Market Shifts and Strategic Optimism

Date of Report: October 29, 2024Broker: Maybank Research Pte Ltd Overview of Suntec REIT Suntec REIT (SUN SP) is a real estate investment trust with a diversified portfolio focused on income-producing office and retail...

BDO Unibank: Strong Loan Growth and Resilient Earnings Mark 2024

Date of Report: October 29, 2024Broker: Maybank Securities Inc. 9M24 Earnings Overview BDO Unibank reported a net income of PHP60.6 billion for the first nine months of 2024, representing a 12% year-over-year increase. This...

Bangkok Expressway & Metro: Driving Growth Through Concession Extensions and Strategic Fare Policies

Date of Report and Broker Information Date: October 28, 2024Broker: Maybank Securities (Thailand) PCL Investment Thesis Interest Rate Cuts ImpactBangkok Expressway & Metro (BEM) is anticipated to benefit from interest rate cuts by the...

Mapletree Pan Asia Comm. Trust: Navigating Market Headwinds with Strategic Resilience

Date of Report: October 28, 2024Broker: Maybank Research Pte Ltd Overview of Mapletree Pan Asia Comm. Trust (MPACT) Mapletree Pan Asia Comm. Trust (MPACT) is a prominent commercial Real Estate Investment Trust (REIT) investing...

Steady Growth and Strategic Moves Propel CapitaLand Ascendas REIT Forward

Report Date: October 27, 2024Broker: Maybank Research Pte Ltd Financial Overview and Stability CapitaLand Ascendas REIT (CLAR) reported steady financial metrics for 3Q24, confirming a consistent trend in operational stability. The REIT’s rent reversion...

Trimegah Bangun Persada: Driving 2025 Growth with Robust Nickel Production Expansion

Report Date and Broker Information Date: October 29, 2024 Broker: UOB Kay Hian Company OverviewTrimegah Bangun Persada, a vertically integrated nickel producer, operates on Obi Island, Indonesia, with over a decade of experience in...

Supalai Achieves Strong 3Q24 Earnings Growth Driven by High-Rise Transfers and Margin Expansion

Date: October 29, 2024Broker: UOB Kay Hian 3Q24 Earnings Growth Supalai (SPALI) is expected to report a robust net profit of Bt1.8 billion for the third quarter of 2024, marking a significant 52% year-on-year...

Quality Houses Faces Earnings Pressure in 3Q24 Amid Limited Project Launches and Weak Presales

Date: October 29, 2024Broker: UOB Kay Hian 3Q24 Earnings Performance Quality Houses (QH) is projected to post a net profit of Bt582 million for the third quarter of 2024, reflecting an 8% year-on-year (yoy)...