External broker reports(aggregated public sources), TA Securities Holdings Berhad

TA Securities Holdings Bhd

External broker reports(aggregated public sources)

Equity Bottom-Up

<p>Recently, the Ministry of Finance (MoF) has given the greenlight to number forecast operators (NFO) to resume operations in various stage of the [...] Required Rate of Return of 7% is defined as the yield for one-year Malaysian government treasury plus assumed equity risk premium. [...] 80%) : Displayed market leading capabilities in integrating ESG factors in all aspects of operations, management and future directions. [...] 20-39%) : Have some integration of ESG factors in operations and management but are insufficient.</p>
<div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Recently, the Ministry of Finance (MoF) has given the greenlight to number forecast operators (NFO) to resume operations in various stage of the [...] Required Rate of Return of 7% is defined as the yield for one-year Malaysian government treasury plus assumed equity risk premium. [...] 80%) : Displayed market leading capabilities in integrating ESG factors in all aspects of operations, management and future directions. [...] 20-39%) : Have some integration of ESG factors in operations and management but are insufficient.
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Research from SooChow CSSD Capital Markets (Asia), SCCM Asia Research

SCCM Asia Research

Research from SooChow CSSD Capital Markets (Asia)

Thematic (Sector/Industry)

<h2>Singapore</h2><h3>New private home sales dip 2.6% MoM in Jun21; Take-up rate still holding up well above 100%</h3><ul><li>Sales of new private homes eased last month though demand is still holding up well. Developers sold 872 units in Jun, down 2.6% MoM from 895 units in May21. On a YoY basis, sales were down 12.6% from Jun20. Including ECs sold, developers moved 962 new homes last month, 22% lower MoM than in May21, and down 6.7% YoY</li><li>Developers launched 815 units in Jun21, up 58.6% MoM from 514 units in May21, and up 36.5% YoY from 597 units in Jun20. There were no new ECs launched in Jun21. Jun21 take-up rate stood at 107% (from 173% in May21 and 167% in Jun20). Hyll on Holland was the top seller last month, moving 87 units, or 27% of its 319 units, after cutting prices to a median price of S$2,387psf, from its launch price from S$2,800psf in Oct20</li><li>Sales in Jun21 were driven by Hyll on Holland, followed by Treasure at Tampines, which sold 80 units, Normanton Park, which sold 62 units and The Florence Residences, which sold 47 units. Excluding EC, sales volume in Jun21 was highest in OCR followed by RCR and CCR, respectively. The sales volume was 337 (38.7%), 329 (37.7%) and 206 (23.6%), respectively</li><li>The proportion of sale transactions from 15Jun-30Jun21, when viewing restrictions were eased, stands at 59.8%, compared with 40.2 % from 1Jun- 14Jun21. More than 40% of sales last month were priced below S$1.5m, 31% were between S$1.5- 2m, and 27% were above S$2m. The average price paid for a unit last month was S$1.82m. Despite lower sales in May21 and Jun21, the tally for the 1H21 was an estimated 6,528 new private homes sold, about 67% higher YoY.</li></ul><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/218/826/original/image015.png?1626400012" class="editor-image img-responsive" data-smartkarma-image-id="218826"></figure><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/218/828/original/image016.png?1626400034" class="editor-image img-responsive" data-smartkarma-image-id="218828"></figure></section>

SingaporeNew private home sales dip 2.6% MoM in Jun21; Take-up rate still holding up well above 100%Sales of new private homes eased last month though demand is still holding up well. Developers sold 872 units in Jun, down 2.6% MoM from 895 units in May21. On a YoY basis, sales were down 12.6% from Jun20. Including ECs sold, developers moved 962 new homes last month, 22% lower MoM than in May21, and down 6.7% YoYDevelopers launched 815 units in Jun21, up 58.6% MoM from 514 units in May21, and up 36.5% YoY from 597 units in Jun20. There were no new ECs launched in Jun21. Jun21 take-up rate stood at 107% (from 173% in May21 and 167% in Jun20). Hyll on Holland was the top seller last month, moving 87 units, or 27% of its 319 units, after cutting prices to a median price of S$2,387psf, from its launch price from S$2,800psf in Oct20Sales in Jun21 were driven by Hyll on Holland, followed by Treasure at Tampines, which sold 80 units, Normanton Park, which sold 62 units and The Florence Residences, which sold 47 units. Excluding EC, sales volume in Jun21 was highest in OCR followed by RCR and CCR, respectively. The sales volume was 337 (38.7%), 329 (37.7%) and 206 (23.6%), respectivelyThe proportion of sale transactions from 15Jun-30Jun21, when viewing restrictions were eased, stands at 59.8%, compared with 40.2 % from 1Jun- 14Jun21. More than 40% of sales last month were priced below S$1.5m, 31% were between S$1.5- 2m, and 27% were above S$2m. The average price paid for a unit last month was S$1.82m. Despite lower sales in May21 and Jun21, the tally for the 1H21 was an estimated 6,528 new private homes sold, about 67% higher YoY.

ASEAN Builder's Scoop (16Jul21) - SG Jun21 New Home Sales -2.6% MoM

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David Riedel

Founder

Independent equity research on GEM Markets

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<p>China: 6.1% industrial production YoY in November and strong Foreign Direct Investment set the stage for a strong finish to 2017. <br>Brazil: Retail sales in October inched up a modest 2.5% y/y after a 6.2% increase in the prior month. Watch for a critical vote on pension reform next week.<br>Malaysia: Retail sales in Oct. rose 10.9% y/y. Consistent with our prediction of strong consumption headed into the election period. We expect this trend to continue and would be long consumer discretionary stocks.</p>

China: 6.1% industrial production YoY in November and strong Foreign Direct Investment set the stage for a strong finish to 2017.  Brazil: Retail sales in October inched up a modest 2.5% y/y after a 6.2% increase in the prior month. Watch for a critical vote on pension reform next week. Malaysia: Retail sales in Oct. rose 10.9% y/y. Consistent with our prediction of strong consumption headed into the election period. We expect this trend to continue and would be long consumer discretionary stocks.

Global Macro - Stable Oil Prices = Low Inflation. What About as Rates and Growth Rise in 2018?

Malaysia

Berjaya Sports Toto Berhad is an investment holding company. The Company through its subsidiaries, operates a non-four-digit betting games, leases computerized lottery equipment, manufactures and distributes computerized lottery systems, and develops property.

Berjaya Sports Toto (BST MK)

Berjaya Sports Toto: The Worst Is Over

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TA Securities Holdings Bhd

Support From H.R.Owen

Buy Berjaya Sports Toto Berhad: Support From H.R.Owen. - By: TA Securities Holdings Bhd

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4QFY21 Results Not as Bad as Expected

Buy Berjaya Sports Toto Berhad: 4QFY21 Results Not as Bad as Expected. - By: TA Securities Holdings Bhd

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ASEAN Builder's Scoop (16Jul21) - SG Jun21 New Home Sales -2.6% MoM

SG Jun21 new home sales -2.6% MoM, take-up rate still above 100%; UOL launching Watergardens this wkd; BC to privatise BL, set up hospitality REIT;...

SCCM Asia Research

Global Macro - Stable Oil Prices = Low Inflation. What About as Rates and Growth Rise in 2018?

China: 6.1% industrial production YoY in November and strong Foreign Direct Investment set the stage for a strong finish to 2017. Brazil: Retail...

David Riedel