Monday, November 25th, 2024

Category: Market Updates

STI ETF:$3.685, breaks resistance.

STI ETF:$3.685, breaks resistance. Monitor New Support Levels: After breaking through $3.685, traders will watch to see if the ETF can hold this level. If it does, $3.685 may become a new support level,...

TISCO Financial Group: Stable Outlook Amid Challenging Market Conditions

Date: October 16, 2024Broker: UOB Kay Hian Company Overview TISCO Financial Group is a small bank with approximately 2% of the credit market in Thailand. The bank primarily focuses on auto hire-purchase (HP) lending,...

Singapore Exchange Sees Stellar Growth Across Business Segments Amid Market Uncertainty

Date of Report: October 16, 2024Broker Name: UOB Kay Hian Company Overview Singapore Exchange (SGX) is the owner and operator of Singapore’s securities and derivatives exchange, along with related clearing houses. It provides ancillary...

JD.com: Promising Growth Ahead with Trade-In Program Boost

Date of Report: 16 October 2024Broker: UOB Kay Hian Company Overview JD.com is the leading online direct sales platform in China, with a strong presence in the consumer discretionary sector. It is known for...

Indosat (ISAT IJ): Core Earnings Set to Surge 33% in 2024 with New AI GPU Service Expansion

Date: October 16, 2024Broker: UOB Kay Hian Company Overview Indosat (ISAT IJ) is the second-largest telecommunications operator in Indonesia, serving nearly 100 million subscribers across the country. The company operates in the Communication Services...

Gas Malaysia (GMB MK) Upgraded to BUY as Earnings and Dividends Surge

Date: October 16, 2024Broker: UOB Kay Hian Company Overview Gas Malaysia Berhad (GMB) is a key supplier of natural gas to industries in Peninsular Malaysia. It commands an 80% share of the natural gas...

Deleum: Riding High on MCM Contract Wins and Strong P&M Growth

Date: October 16, 2024Broker: UOB Kay Hian Company Overview Deleum Berhad (DLUM MK) is a company that provides a diverse range of specialized products and services to the oil & gas industry. The company...

Genting Malaysia Faces $600 Million Lawsuit Amid Recovery Efforts and Casino Expansion Plans

Date of Report: October 15, 2024Broker: CGS International Securities Complaint and Legal Risks On October 14, 2024, Genting Malaysia (GENM) announced that its indirect subsidiary, Genting Americas Inc. (GAI), was named in a complaint...

UOB’s Strong Profit Growth Driven by Optimized Funding and Wealth Expansion in 3Q24F

Broker Name and Date of Report Broker: CGS International Securities Date: October 15, 2024 3Q24 Financial Overview United Overseas Bank (UOB) is projected to report a net profit of S$1.6 billion for 3Q24, representing...

OCBC’s Steady Growth Amid Wealth Management Recovery in 3Q24F

Broker Name and Date of Report Broker: CGS International Securities Date: October 15, 2024 3Q24 Financial Overview OCBC is projected to report a net profit of S$1.9 billion for 3Q24, representing a slight decrease...