Wednesday, December 25th, 2024

Day: September 23, 2024

Hong Kong stocksMarket Updates

The target price of HK$95.00 is based on 11x FY25F PE, which is below Alibaba’s historical mean of 22x.

Minichart
September 23, 2024

Alibaba Group Overview: Share Price: HK$87.20 Target Price: HK$95.00 (Upside of 8.9%) Market Cap: HK$1.677 trillion (~US$212.1 billion) Major Shareholders: Ma Jack Yun (4.5%), Vanguard Group (3.7%), BlackRock (2.6%) Key Updates from the Apsara...

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Market UpdatesSingapore SGX stocks

REITs Sector Update for Singapore

Minichart
September 23, 2024

REITs Sector Update for Singapore: Performance Overview: The FTSE ST All-share REITs Index (FSTREI) gained 13% in Q3 2024, outperforming the STI, which increased by 8.8%. Top REIT picks such as Frasers Logistics &...

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Market UpdatesSingapore SGX stocks

Wilmar International Poised for Growth Amid Interest Rate Cuts and Improved Margins

minichart
September 23, 2024

Date: September 20, 2024Broker: CGS International Securities Overview Wilmar International (WIL) is a leading agribusiness company based in Singapore. As of September 2024, the company is focusing on its financial strategy to capitalize on...

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Market UpdatesSingapore SGX stocks

DBS Group Holdings Targets Doubling Wealth Management Fees by 2027 Amidst Global Investor Shift to Asia

minichart
September 23, 2024

Broker Name: Lim & Tan Securities Pte Ltd Date of Report: 23 September 2024 Wealth Management Strategy and Growth Plans DBS Group Holdings aims to double its fees from wealth management by 2027, targeting...

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Market Updates

Galaxy Entertainment (27 HK) Poised to Benefit from Strong Holiday Traffic During October Golden Week

minichart
September 23, 2024

Date: 23 September 2024Broker: MIB Securities (Hong Kong) Ltd Strong Influx of Visitors in September 2024 Macau welcomed over 492,100 visitors from China between 14-19 September 2024, which equates to an average of approximately...

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Market Updates

Tencent (700 HK) Strengthens Market Position with Key Mini Program Partnerships

minichart
September 23, 2024

Date: 23 September 2024Broker: MIB Securities (Hong Kong) Ltd WeChat HK Mini Program Collaboration Tencent (700 HK) has enhanced its WeChat HK Mini Program by integrating it with Tongcheng Travel’s (780 HK) international travel...

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Market Updates

Alibaba-W (9988 HK) Expands Travel Services Through Strategic Mini Program Integration

minichart
September 23, 2024

Date: 23 September 2024Broker: MIB Securities (Hong Kong) Ltd Strategic Mini Program Integration Alibaba-W (9988 HK) has expanded its services through its Alipay HK Mini Program by integrating with Tongcheng Travel’s (780 HK) international...

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Market Updates

Weichai (2338 HK) Defends Market Share Amidst August Sales Dip

minichart
September 23, 2024

Date: 23 September 2024Broker: MIB Securities (Hong Kong) Ltd August 2024 Heavy-Duty Truck Sales Performance In August 2024, China’s heavy-duty truck (HDT) market experienced a year-on-year sales decline of 12%, with approximately 62,000 units...

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Market Updates

Sinotruk (3808 HK) Sees Market Share Boost Amid August Sales Decline

minichart
September 23, 2024

Date: 23 September 2024Broker: MIB Securities (Hong Kong) Ltd August 2024 Heavy-Duty Truck Sales Performance In August 2024, China’s heavy-duty truck (HDT) sales experienced a 12% year-on-year decline, reaching approximately 62,000 units. Sinotruk (3808...

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Market UpdatesSingapore SGX stocks

Suntec REIT Downgraded to ‘Sell’ Amid Concerns Over Operational Performance and Market Uncertainties

minichart
September 23, 2024

Date of Report and Broker Name Date: 20 September 2024 Broker: OCBC Investment Research Company OverviewSuntec REIT, listed on 9 December 2004, holds a diversified portfolio of high-quality properties in Singapore, Australia, and the...

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