brokers' calls

Beng Kuang’s infrastructure engineering segment’s growth in the quarter remained robust, fuelled by demand for asset integrity solutions supporting FPSO and FSO in onshore and offshore markets.

AEM has raised its 2HFY2024 revenue guidance to $190 million to $210 million, up from $160 million to $180 million, due to its key customer bringing forward systems’ order from FY2025 into 4QFY2024.

Valuetronics has also entered into a 55:45 joint venture (JV) named Trio AI, with Hong Kong graphics processing unit (GPU) and artificial intelligence (AI) solutions provider SinnetCloud Group.

Yangzijiang Shipbuilding has guided for a higher FY2025 order win target of over US$4.5 billion due to the planned capacity addition in Xinqiao Park.

The analyst at Citi Research has downgraded his call from “buy” to “neutral” at a reduced target price of $14 from $15.70 previously, citing earnings pressures from softer product sales.

Yangzijiang's ytd order win of US$11.64 billion is largely in-line with the CGSI analysts' forecast of US$11.3 billion for 2024.

In terms of operational numbers, flights handled by line maintenance in 1HFY2025 rose 9% y-o-y, standing at around 99% of 1HFY2020 pre-Covid-19 numbers.

Maybank's Saifee notes that the stock has 71% negative correlation to the 10-year US bond yield while its 6% dividend yield remains highly visible and stable.

The REIT released its 3QFY2024 business update on Nov 5.

Analyst Jarick Seet has kept his “buy” call and target price of 60 cents on the company.