Sunday, November 24th, 2024

Category: Market Updates

Market Updates

XL Axiata’s Strategic Acquisition Set to Boost 2025 Revenue by 8%

minichart
September 17, 2024

Date of Report: September 17, 2024Broker Name: UOB Kay Hian Overview of XL Axiata XL Axiata (Bloomberg ticker: EXCL IJ) is a telecommunications service provider in Indonesia, primarily engaged in offering cellular and mobile...

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commoditiesMarket Updates

Commodity market update

Minichart
September 16, 2024

China’s refinery output falls for a fifth month as fuel demand disappoints China’s oil refinery output in August fell 6.2% from a year earlier, official data showed on Saturday, declining for the fifth month...

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Market UpdatesSingapore SGX stocks

Yangzijiang Shipbuilding

minichart
September 16, 2024

Date: 16 September 2024 Broker Name: UOB Kay Hian Private Limited Yangzijiang Shipbuilding (YZJSGD) is showing a bullish outlook, supported by favorable technical analysis indicators. The stock is currently trading at S$2.56, and analysts...

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Market UpdatesSingapore SGX stocks

Singapore Tech Engineering Maintains Bullish Momentum with Strong Trading Signals

minichart
September 16, 2024

Date: 16 September 2024 Broker Name: UOB Kay Hian Private Limited Singapore Tech Engineering (STE) is currently experiencing a bullish trend, supported by favorable technical indicators. As of the last trading session, the stock...

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Bursa KLSE stocksMarket Updates

Telekom Malaysia: 13.3x FY25F P/E and 3.9% FY24F dividend yield attractive

Minichart
September 16, 2024

Telekom Malaysia Upgrade cycle to continue We raise our FY24F/25F/26F core net profits by 3.3%/1.1%/1.7% post 2Q24 results, leaving us at 104%/115%/122% of Bloomberg consensus estimates. Despite increased competition in retail broadband, we see...

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Market UpdatesSingapore SGX stocks

Civmec trades at defensively low valuations of 7.9x forward P/E

Minichart
September 16, 2024

Civmec Limited’s (S$0.94, unchanged) FY24 results came in-line with expectations with overall revenue and net profit coming in at 109%/105% of our forecast. Revenue rose 24.4% to A$1.0bln from increased activity levels across the...

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Hong Kong stocksMarket Updates

China’s Economic Data for August 2024

Minichart
September 16, 2024

China’s Economic Data for August 2024 The data for China’s economic activity in August 2024 was weaker than expected. The highlights of the report include: GDP Growth Forecast: China’s GDP growth is forecasted to...

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Market UpdatesSingapore SGX stocks

UOL Group Ltd – Technical Buy

Minichart
September 16, 2024

UOL Group Ltd – Technical Buy Last Price: S$5.57 Bullish Reversal Confirmed Key Technical Highlights: Entry Prices: S$5.57 S$5.27 S$5.13 Support Levels: Support 1: S$5.29 Support 2: S$5.09 Stop Loss: S$4.49 Resistance Levels: Resistance...

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Hong Kong stocksMarket Updates

Economic Activity in China

Minichart
September 16, 2024

Economic Activity in China Recommendation: OVERWEIGHT China’s economic activity in August 2024 was weaker than expected, with retail sales, industrial production, and fixed asset investment (FAI) missing expectations: Fixed Asset Investment (FAI): FAI growth...

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Hong Kong stocksMarket Updates

China Merchants Bank (CMB): OVERWEIGHT

Minichart
September 16, 2024

Banking Sector in China Recommendation: OVERWEIGHT Top Pick: China Merchants Bank (CMB) (3968 HK) CMB Share Price: HK$29.65 Target Price: HK$42.00 Upside: +41.7% The Chinese banking sector faces a challenging environment due to macroeconomic...

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