Let the Money Talk

Miaomiao, a Research Analyst at Phillip Securities Research will be discussing an Initiation report concerning 17LIVE Group Limited, dated April 8, 2023, titled “Back to Growth Mode.”

We initiate coverage on 17LIVE Group with a BUY rating and a price target of S$2.30. Our valuation is based on DCF, using a 14.1% WACC as the group is purely funded by equity and 1% terminal growth rate. We believe the group can further optimise its revenue and operating model, thereby improving profitability from FY24 onwards.

Listen to this podcast to stay updated on the latest corporate news. Additionally, you can visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.poems.com.sg/stock-research⁠⁠ to access the full report and gain more insights.

#PhillipCapital #YourPartnerinFinance #Servingyousince1975  #FinTech #PYTCH #PYTCHMedia #SGXCompanyInsights #FinanceNews #SGX #17LIVE

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Darren Chan, Senior Research Analyst at Phillip Securities Research will cover our report on the initiation of Cromwell European REIT, dated 1 April 2024, titled “Asset rejuvenation strategy to drive organic growth.”

Listen to this podcast to stay updated on the latest corporate news. Additionally, you can visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ www.poems.com.sg/stock-research⁠⁠ to access the full report and gain more insights.

#PhillipCapital #YourPartnerinFinance #Servingyousince1975  #fintech #PYTCH #PYTCHMedia #SGXCompanyInsights #FinanceNews #SGX #Cromwell #CromwellEuropeanREIT #CERT

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Paul Chew, Head of Research with Phillip Securities Research will discuss the 2nd quarter 2024 Singapore Equity Strategy report, dated 1st April 2024.

Listen to this podcast to stay updated on the latest corporate news. Additionally, you can visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ www.poems.com.sg/stock-research⁠⁠ to access the full report and gain more insights.

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Glenn Thum, senior research analyst with Phillip Securities Research, will cover our recent initiation on the US Banking sector, in particular JP Morgan, Bank of America, and Wells Fargo. Our report, ‘Industry leaders to benefit from peak rates’, was dated 25 March 2024.

Listen to this podcast to stay updated on the latest corporate news. Additionally, you can visit ⁠⁠⁠⁠⁠⁠⁠www.poems.com.sg/stock-research⁠⁠⁠⁠⁠⁠⁠ to access the full report and gain more insights.

#PhillipCapital #YourPartnerinFinance #Servingyousince1975  #Fintech #PYTCH #PYTCHMedia #USCompanyInsights #FinanceNews #USBanksInitiation #JPMorgan #BankofAmerica #BOA #WellsFargo

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Paul Chew, head of research with Phillip Securities Research, will be covering the results note on Q&M Dental Group’s second-half results in 2023. The report was dated 18th March 2024 and titled “Data-driven treatments can commence.”

Results beat expectations and upgrade to BUY from ACCUMULATE.

Listen to this podcast to stay updated on the latest corporate news. Additionally, you can visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ www.poems.com.sg/stock-research⁠⁠ to access the full report and gain more insights.

#PhillipCapital #YourPartnerinFinance #Servingyousince1975  #fintech #PYTCH #PYTCHMedia #SGXCompanyInsights #FinanceNews #SGX #Q&MDental

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Ambrish Shah, US Technology Analyst of Phillip Securities Research team, will cover Adobe’s first quarter 2024 earnings results. The report, ‘Revenue growth to decelerate,’ was dated 19th March 2024.

1Q24 results in line with our expectations. We maintain REDUCE.

Listen to this podcast to stay updated on the latest corporate news. Additionally, you can visit ⁠⁠⁠⁠⁠⁠⁠www.poems.com.sg/stock-research⁠⁠⁠⁠⁠⁠⁠ to access the full report and gain more insights.

#PhillipCapital #YourPartnerinFinance #Servingyousince1975  #fintech #PYTCH #PYTCHMedia #USCompanyInsights #FinanceNews #Adobe

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Darren Chan, Senior Research Analyst at Phillip Securities Research, will cover our report on City Developments Limited’s full-year-23 results, dated 5th March 2024, titled “Record revenue driven by property development.” 

Maintain BUY recommendation.

Listen to this podcast to stay updated on the latest corporate news. Additionally, you can visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.poems.com.sg/stock-research⁠⁠⁠⁠⁠ to access the full report and gain more insights.

#PhillipCapital #YourPartnerinFinance #Servingyousince1975  #fintech #PYTCH #PYTCHMedia #SGXCompanyInsights #FinanceNews #SGX #CDL #CityDev #CityDevelopmentsLimited

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Darren Chan, Senior Research Analyst at Phillip Securities Research, will cover the report on CapitaLand Investments Limited’s full-year 2023 results, dated March 4, 2024, titled “Targeting to double FUM in 5 years.” 

Maintain BUY recommendation.

Listen to this podcast to stay updated on the latest corporate news. Additionally, you can visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.poems.com.sg/stock-research⁠⁠⁠⁠⁠ to access the full report and gain more insights.

#PhillipCapital #YourPartnerinFinance #Servingyousince1975  #fintech #PYTCH #PYTCHMedia #SGXCompanyInsights #FinanceNews #SGX #CLI #CapitaLandInvestmentLimited

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Ambrish Shah, US Technology Analyst of Phillip Securities Research team, will cover Salesforce’s 4Q24 earnings results. The report, ‘Further margin expansion,’ was dated 7 March 2024.

4Q24 results met our expectations. We maintain ACCUMULATE recommendation.

Listen to this podcast to stay updated on the latest corporate news. Additionally, you can visit ⁠⁠⁠⁠⁠⁠⁠www.poems.com.sg/stock-research⁠⁠⁠⁠⁠⁠⁠ to access the full report and gain more insights.

#PhillipCapital #YourPartnerinFinance #Servingyousince1975  #fintech #PYTCH #PYTCHMedia #USCompanyInsights #FinanceNews #Salesforce

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Glenn Thum, senior research analyst with Phillip Securities Research, will be covering UOB’s fourth quarter results. The report was dated 26 February 2024 and was titled ‘Net interest income hurt by net interest margin decline and flat loan growth’.

4Q23 results slightly above estimates. Maintain BUY recommendation.

Listen to this podcast to stay updated on the latest corporate news. Additionally, you can visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.poems.com.sg/stock-research⁠⁠⁠⁠⁠ to access the full report and gain more insights.

#PhillipCapital #YourPartnerinFinance #Servingyousince1975  #fintech #PYTCH #PYTCHMedia #SGXCompanyInsights #FinanceNews #SGX #UOB

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