Category: Market Updates

Sunny Optical Technology Sees Strong Growth with High-End Product Focus in 4Q24

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October 15, 2024

Date and Broker Information Date of Report: October 14, 2024 Broker: CGS International Securities Overview of Sunny Optical Technology Sunny Optical Technology, a major player in the optical and optoelectronic product manufacturing sector, is...

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Market Updates

Yangzijiang Shipbuilding: Arbitration Proceedings Unlikely to Impact Strong Order Book

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October 15, 2024

Date: October 14, 2024Broker: CGS International Securities Arbitration Proceedings and Potential Impact Yangzijiang Shipbuilding (YZJSB) is currently involved in arbitration over containership contracts worth US$900 million with a customer. These contracts, which are under...

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Market UpdatesSingapore SGX stocks

ST Engineering Clinches S$60m Smart City Contract in Qatar, Driving Growth in the Middle East

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October 15, 2024

Date of Report: October 14, 2024Broker: CGS International Middle East Expansion: S$60m Smart City Contract in Qatar ST Engineering (STE) has secured a notable S$60 million contract with Lusail Real Estate Development Company, a...

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Market Updates

Tencent’s Game Revenue Surge in 3Q24F Boosts Growth Prospects

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October 15, 2024

Date: October 14, 2024Broker: China Galaxy International Securities (Hong Kong) Game Revenue Growth Likely Accelerated in 3Q24F Tencent’s game revenue in the third quarter of 2024 likely saw accelerated growth, driven by its newly...

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Market UpdatesSingapore SGX stocks

Capitaland Ascendas REIT Faces Bearish Reversal: A Technical Sell Recommendation

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October 15, 2024

Date of ReportOctober 15, 2024 Broker NameCGS International Securities Company Overview CapitaLand Ascendas REIT (CLAR) is an industrial real estate investment trust. The Trust invests in various types of properties, including: Business and science...

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Hong Kong stocksMarket Updates

Hang Seng Bank Faces Asset Quality Challenges Amid Sluggish Hong Kong Economy

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October 14, 2024

Date: 14 October 2024Broker: OCBC Investment Research Company Overview Hang Seng Bank (HSB) is the second-largest domestic bank in Hong Kong, with over 200 outlets in the region and approximately 50 outlets in China....

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Market UpdatesSingapore SGX stocks

First Resources: Steady Progress but Long-Term ESG Targets Still Lagging Behind

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October 14, 2024

Date of Report and Broker InformationDate: October 14, 2024Broker: Maybank Research Pte Ltd Company Overview First Resources Ltd. (FR SP) is an integrated oil palm player primarily operating in Indonesia. The company is involved...

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Bursa KLSE stocksMarket Updates

Axiata Group: Gearing Up for Balance Sheet Repair Amid Currency Fluctuations

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October 14, 2024

Date: October 14, 2024Broker: Maybank Investment Bank Berhad Company Overview Axiata Group is a government-linked company primarily engaged in telecommunications and digital businesses across Asia. With a significant presence in 10 countries, it operates...

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Bursa KLSE stocksMarket Updates

Robust Trading Fuels Strong Earnings Outlook for Bursa Malaysia in 2024

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October 14, 2024

Date of ReportOctober 11, 2024 Prepared byMaybank Investment Bank Berhad Company Overview Bursa Malaysia (BURSA MK) is one of the larger bourses in ASEAN, hosting 995 publicly listed companies and 19 REITs. It is...

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Market UpdatesSingapore SGX stocks

Capitaland Ascendas REIT Unlocks Capital with Strategic Property Divestment

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October 14, 2024

Date: October 14, 2024Broker: Lim & Tan Securities Pte Ltd Divestment of 21 Jalan Buroh Property On October 14, 2024, Capitaland Ascendas REIT (CLAR) announced that it has entered into a sale and purchase...

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