Sunday, November 24th, 2024

Category: Market Updates

Public Bank Poised for Growth Amidst Sector Challenges and Market Lag

Date: 1st October 2024Broker: UOB Kay Hian Market Performance Public Bank is highlighted as one of the sector’s laggards, offering an attractive valuation at 1 standard deviation (SD) below its historical mean price-to-book ratio...

Beshom Holdings Bhd: Navigating Sales Growth Amidst Economic Recovery

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,...

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

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...

CDL Hospitality Trust Poised for Growth with Strong Singapore Market Presence

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...

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

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...

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

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...

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

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...

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

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...

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

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....

OLG Increases Takeover Offer for NAM AU to A$0.75

Date of Report: September 30, 2024Broker Name: CGS International Securities Increase in Takeover Offer for NAM AUOLG has raised its takeover offer for NAM AU, increasing the offer price from A$0.70 to A$0.75 per...