Category: Market Updates

Ping An Insurance: Benefiting from Policy Easing and Growth in Premium Income

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October 1, 2024

Date: 1 October 2024Broker: OCBC Investment Research (OIR) Company Overview Ping An Insurance, China’s second-largest life and property & casualty (P&C) insurer, operates through an integrated financial services platform. The company focuses on life/health...

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Bursa KLSE stocksMarket Updates

Navigating Challenges and Opportunities: An In-Depth Analysis of ASTRO MK’s Financial Performance and Strategic Outlook

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October 1, 2024

ASTRO MK Overview Date: September 30, 2024Broker: CGS International Securities Financial Performance ASTRO MK experienced a significant decline in its core net profit for 2QFY25, dropping 47% quarter-over-quarter (qoq) and 72% year-over-year (yoy). For...

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Bursa KLSE stocksMarket Updates

Beshom Holdings Bhd: Navigating Sales Growth Amidst Economic Recovery

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October 1, 2024

Date of Report: September 30, 2024Broker: CGS International Securities Overview of Beshom Holdings Bhd Beshom Holdings Bhd reported its 1QFY25 financial results with core net profit amounting to RM2.6 million. This is below expectations,...

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Market UpdatesSingapore SGX stocks

Far East Hospitality Trust Positioned for Growth with Strong Corporate Demand and Revamped Offerings

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October 1, 2024

Date of Report: September 30, 2024Broker Name: CGS International Securities Overview of Far East Hospitality Trust (FEHT) Far East Hospitality Trust (FEHT) is highlighted in the report as a key player in Singapore’s hospitality...

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Market UpdatesSingapore SGX stocks

CDL Hospitality Trust Poised for Growth with Strong Singapore Market Presence

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October 1, 2024

Date of Report: September 30, 2024Broker Name: CGS International Securities Overview of CDL Hospitality Trust (CDREIT) CDL Hospitality Trust (CDREIT) is a key player in the hospitality sector, primarily acting as a proxy for...

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Market UpdatesSingapore SGX stocks

Resilient Growth and Strategic Expansion: CapitaLand Ascott Trust’s Path to Future Success

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October 1, 2024

Date of Report: September 30, 2024Broker Name: CGS International Securities Overview of CapitaLand Ascott Trust (CLAS) CapitaLand Ascott Trust (CLAS) is covered under the hospitality sector, with a key focus on leveraging its diversified...

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Market UpdatesSingapore SGX stocksUS stocks

Manulife US REIT Boosts Liquidity with $117M Asset Sale, Targets Improved Leverage

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October 1, 2024

Date of Report: September 30, 2024Broker: CGS International Securities Overview of Manulife US REIT Manulife US REIT (MUST) is progressing with its strategic asset disposition plan aimed at improving liquidity and financial stability. The...

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Market UpdatesUS stocks

400 Capitol Sold by MUST for US$117 Million to Strengthen Financial Position

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October 1, 2024

Date of Report: September 30, 2024Broker Name: CGS International Securities Divestment of 400 Capitol by MUSTMUST has confirmed the sale of its property, 400 Capitol, for a total price of US$117 million. This transaction...

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Market UpdatesSingapore SGX stocks

MUST Divests 400 Capitol for US$117 Million to Improve Leverage

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October 1, 2024

Date of Report: September 30, 2024Broker Name: CGS International Securities Divestment of 400 Capitol for US$117 MillionMUST has announced the divestment of its property, 400 Capitol, for a total value of US$117 million. The...

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Market Updates

NAM AU Receives Increased Takeover Offer from OLG at A$0.75 per Share

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October 1, 2024

Date of Report: September 30, 2024Broker Name: CGS International Securities Increased Takeover Offer from OLGNAM AU has received an updated takeover offer from OLG, raising the offer price from A$0.70 to A$0.75 per share....

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