We expect KEP to report c.53% hoh increase in net profit in 2H21F (on 27 Jan) to S$459m, boosted by divestment gains of c.S$396m. KEP clocked in S$1.6bn of proceeds in 2H21F from asset recycling efforts, paving way for stronger final DPS of S$0.16-0....

We think Aztech saw a pickup in production in 4Q21F and did not experience any hiccups due to Covid-19, power shortage or flooding in the quarter. In our view, 4Q21F net profit could have rebounded by 43.6% qoq (+2.6% yoy) to S$25.9m. We think the....

Favourable market conditions boosted DMF prices to a new high in 4Q21, while input costs were helped by China’s curbs on coal prices. We expect Jiutian to report a record core net profit of Rmb129m (+127% qoq, +50% yoy) for 4Q21F as profit spread fu....