Category: Market Updates

Solarvest Holdings Breaks Out of Downtrend: Upbeat Momentum Ahead

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September 26, 2024

Date: September 26, 2024Broker Name: CGS International Securities Company Overview Solarvest Holdings Berhad operates as a holding company with subsidiaries that provide services such as engineering, procurement, construction, commissioning, management, and operation and maintenance...

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Bursa KLSE stocksMarket Updates

Another Leg Up for MUI Properties: A Technical Breakout in Sight

minichart

September 26, 2024

Date: September 26, 2024Broker Name: CGS International Securities Company Overview MUI Properties Berhad is an investment holding company with various operations through its subsidiaries. These include property development, management, and investment activities. Additionally, the...

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Market Updates

Bank Central Asia’s Strong Loan Growth Fuels Profit Surge in 2024

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September 25, 2024

Date: 26 September 2024Broker Name: UOB Kay Hian Strong Loan Growth and Profitability Bank Central Asia (BBCA) reported a 13.5% year-on-year (yoy) increase in net profit for the first eight months of 2024, amounting...

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Bursa KLSE stocksMarket Updates

SD Guthrie Prepares for EUDR Compliance Amid Challenges in Plantation Production

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September 25, 2024

Date: 26 September 2024Broker Name: UOB Kay Hian Production Growth and Challenges SD Guthrie (SDG) reported strong fresh fruit bunch (FFB) production growth of 8% year-on-year (yoy) in the first half of 2024, driven...

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Market Updates

XPeng Faces Sustained Losses Despite Growth in Insurance Registrations

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September 25, 2024

Date: 26 September 2024Broker Name: UOB Kay Hian Insurance Registrations and Sales Performance In the 38th week of 2024 (16-22 September), XPeng recorded 3,500 insurance registrations, reflecting a 25% month-on-month (mom) increase but a...

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Market Updates

Li Auto’s Steady Growth Amid Challenges: Insurance Registrations Surge in 2024

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September 25, 2024

Date: 26 September 2024Broker Name: UOB Kay Hian Insurance Registrations and Sales Growth Li Auto saw a strong performance in terms of insurance registrations in the 38th week of 2024 (16-22 September), with a...

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Market Updates

BYD Secures Full Ownership of Denza Amid Challenges in High-End EV Market

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September 25, 2024

Date: 26 September 2024Broker Name: UOB Kay Hian Full Ownership of Denza Recently, BYD acquired Mercedes-Benz’s entire 10% stake in Denza. As a result, BYD’s stake in Denza increased from 90% to 100%, transforming...

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Market UpdatesSingapore SGX stocks

Mapletree Logistics Trust Completes RM125.1 Million Divestment of Flexhub in Malaysia

minichart

September 25, 2024

Date: 25 September 2024Broker: Maybank Research Pte Ltd Completion of Flexhub Divestment in Malaysia Mapletree Logistics Trust (MLT) has successfully completed the divestment of Flexhub, a property located in Senai, Johor, Malaysia. The property...

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Market UpdatesSingapore SGX stocks

Rex Intl Expands Stake in Yme Field with USD15.65 Million Acquisition

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September 25, 2024

Date: 25 September 2024Broker: Maybank Research Pte Ltd Acquisition of OKEA’s Interest in Yme Field Rex International’s subsidiary, Lime Petroleum, has agreed to acquire a 15% interest in the Yme Field, located in the...

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Market UpdatesSingapore SGX stocks

Sanli Environmental Boosts Liquidity with SGD5.28 Million Property Sale

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September 25, 2024

Date: 25 September 2024Broker: Maybank Research Pte Ltd Property Sale Proposal Sanli Environmental has proposed the sale of a leasehold property located at 28 Kian Teck Drive. The sale price for the property is...

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