Category: Market Updates

Bullish Momentum Returns: Ping An Insurance Group Co of China Poised for Strong Upside

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September 20, 2024

Date: September 20, 2024Broker: CGS International Securities Overview of Ping An Insurance Group Co of China Ping An Insurance Group Co of China Limited (HKG: 2318) is a major Chinese financial services company providing...

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Bursa KLSE stocksMarket Updates

CapitaLand Malaysia Trust Upgraded with Strong Growth Prospects and Higher TP

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September 20, 2024

Date: September 20, 2024Broker Name: CGS International Securities Malaysia Sdn. Bhd. Company Overview CapitaLand Malaysia Trust (CLMT) is a real estate investment trust that focuses on retail and commercial properties in Malaysia. CLMT’s portfolio...

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Bursa KLSE stocksMarket Updates

Deleum Breaks Out to Year-Highs with Bullish Momentum

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September 20, 2024

Date: September 20, 2024Broker Name: CGS International Securities Malaysia Sdn. Bhd. Company Overview Deleum Berhad is an investment holding company that, through its subsidiaries, provides a wide range of products and services to the...

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Bursa KLSE stocksMarket Updates

Gamuda Poised for New Highs Amid Strong Bullish Momentum

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September 20, 2024

Date: September 20, 2024Broker Name: CGS International Securities Malaysia Sdn. Bhd. Company Overview Gamuda Berhad is an investment holding and civil engineering construction company. Through its subsidiaries, Gamuda is involved in several key operations,...

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Market Updates

Trip.com Poised for Strong Outbound Travel Growth Amid Global Expansion and Holiday Demand Surge

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September 20, 2024

Date: September 19, 2024Broker: China Galaxy International Takeaways from the Conference Call with Investors Trip.com held a Non-Deal Roadshow (NDR) call with investors on September 17, 2024. Management shared updates on expected growth during...

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Bursa KLSE stocksMarket Updates

WCT Holdings Unveils Paradigm REIT to Strengthen Balance Sheet and Boost Growth

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September 20, 2024

Date: September 19, 2024Broker Name: CGS International Securities Malaysia Sdn. Bhd. Shariah Compliance and ESG Score Shariah Compliance: WCT Holdings is identified as Shariah-compliant, which may appeal to certain institutional and individual investors. ESG...

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Bursa KLSE stocksMarket Updates

Eco World Development Group Bhd Surpasses FY24 Sales Target with Robust Earnings Growth

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September 20, 2024

Date of Report: September 19, 2024Broker Name: CGS International Securities Malaysia 9MFY24 Results Performance Eco World Development Group Bhd (EWDG) reported a core net profit of RM231.9 million for 9MFY24, which represents 78% of...

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Market Updates

Huitongda: Navigating Product Mix Upgrades Amid Market Challenges

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September 20, 2024

Date: September 19, 2024Broker Name: China Galaxy International Securities (Hong Kong) Co., Limited 1H24 Financial Performance Huitongda’s 1H24 sales declined by 24% year-over-year (yoy), reaching Rmb32.8bn, while its net profit plummeted by 49% to...

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Bursa KLSE stocksMarket Updates

CLMT is projected to achieve a 3-year earnings per unit (EPU) CAGR of 8.2% over FY23-26

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September 20, 2024

CapitaLand Malaysia Trust (CLMT) – 3QFY24 Report Summary CapitaLand Malaysia Trust (CLMT) is positioned for steady growth, leveraging the strong performance of its key retail and industrial assets. Below is a detailed overview based...

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Hong Kong stocksMarket Updates

CATL’s performance during 1H24 was marked by significant growth metrics despite some macroeconomic pressures across the automotive sector

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September 20, 2024

CATL (Contemporary Amperex Technology Co., Ltd.), one of China’s leading battery manufacturers, experienced a robust performance during the first half of 2024, positioning itself as one of the top picks in the automotive sector....

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