Sunday, November 24th, 2024

Category: Market Updates

Eco World Development Bhd forward price-to-earnings (PE) ratio of 16-20x for FY24-FY26, which is lower than its 10-year average of 32x.

Eco World Development Bhd (ECW) has delivered a strong performance in 3QFY24, surpassing expectations with a core net profit of RM89.2 million, reflecting a 24% quarter-on-quarter (qoq) and 34% year-on-year (yoy) increase. This was...

Lion OCBC Securities Hang Seng TECH ETF (HST) has recently broken above a key resistance level

The Lion OCBC Securities Hang Seng TECH ETF (HST) has recently broken above a key resistance level, a price point that historically acts as a ceiling where traders tend to sell. This breakout suggests...

Sembcorp Industries Expands Market Share with Strategic Stake in Senoko Energy

Date: September 18, 2024 Broker: Maybank Research Pte Ltd Overview Sembcorp Industries (SCI) is a leading energy and urban solutions provider headquartered in Singapore. The company focuses on providing sustainable solutions and utilities services,...

CK Asset (1113 HK) Surges 4.3% Ahead of Fed Rate Decision

Date: 19 September 2024Broker: MIB Securities (Hong Kong) Ltd Strong Performance Ahead of Fed Rate Decision CK Asset (1113 HK) saw a notable increase in its stock price, surging by 4.3% as Hong Kong...

Galaxy Ent. (27 HK) Positioned to Capitalize on Strong Holiday Traffic During Mid-Autumn Festival

Date: 19 September 2024Broker: MIB Securities (Hong Kong) Ltd Strong Mid-Autumn Festival Visitation Galaxy Entertainment (27 HK) is expected to benefit from a strong surge in visitor arrivals during the Mid-Autumn Festival holiday period....

Trip.com-S (9961 HK) Positioned to Benefit from Rising Holiday Travel Demand

Date: 19 September 2024Broker: MIB Securities (Hong Kong) Ltd Increased Travel Demand Trip.com-S (9961 HK) is poised to benefit from a surge in travel demand during China’s Mid-Autumn Festival holiday. According to the National...

Tongcheng Travel (780 HK) Poised for Growth Amid Strong Mid-Autumn Festival Travel Surge

Date: 19 September 2024Broker: MIB Securities (Hong Kong) Ltd Travel Surge During Mid-Autumn Festival Tongcheng Travel (780 HK) is set to benefit from the surge in both inbound and outbound travel during China’s upcoming...

Xiaomi-W (1810 HK) Set to Launch New 14T Series with Cutting-Edge Features

Date: 19 September 2024Broker: MIB Securities (Hong Kong) Ltd Product Launch Announcement Xiaomi-W (1810 HK) has officially confirmed the global launch date for its new 14T series smartphones. The highly anticipated Xiaomi 14T and...

Midea (300 HK) Surges 7.8% on Strong Demand in Hong Kong IPO Debut

Date: 19 September 2024Broker: MIB Securities (Hong Kong) Ltd IPO Performance Midea (300 HK), the Chinese appliance maker, experienced a successful debut on the Hong Kong Stock Exchange. The stock surged by 7.8% from...

Overview of the 50 bp Rate Cut:

Overview of the 50 bp Rate Cut: The 50 bp rate cut announced recently was in line with market expectations. Following this announcement, U.S. investors reacted by “Selling The Rate Cut News,” which led...