Siemens’ 4QFY21 EBITDA missed on higher input & logistic costs, but expects the trend to improve with pricing actions and higher share of short cycle orders. Government’s continued thrust on infrastructure and uptick in the private sector should....

CICT has announced the acquisition of two Sydney office properties. Deal further boosts portfolio diversification, in addition to providing DPU and BV uplift. Reiterate Add rating with a slightly higher DDM-based TP of S$2.57.  

The general consensus is that a domestic lockdown is unlikely for now. The FSSTI had declined c.6% over the week, after news of Omicron Covid-19 variant broke. We sense that in the very short term, market momentum is likely to lose steam. The perio....

TAVHL-Fraport JV has won the tender, with an EUR7.25bn offer, held by State Airports Authority (DHMI) in Dec 2021. Starting from 2027E, JV will collect EUR1.5/PAX security fee from international PAX. We assumed 4 equal payments of EUR150 between 2022...

The HKSFC released the aggregate short positions data for November 26. Yeahka (9923.HK) and Cimc Enric Holdings (3899.HK) require close monitoring, based on the latest short positions outstanding. There was a sizable decline in short positions in Ka....

AIBB has entered into an agreement with Phillip Futures for the proposed disposal of its stockbroking business; this came as a surprise to us. We are neutral on the deal given the minimal one-off disposal gain, and insignificant earnings contributi....