In today’s briefing:
- Morning Views Asia: Lippo Karawaci, Lippo Malls Indonesia Retail Trust, MGM China Holdings, SK Hynix
- OMH: Guiding to Strong Revenue Growth Following Acquisition, Organic Steps
- WBUY: Initiating coverage of a Southeast Asian community-based buying group
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Morning Views Asia: Lippo Karawaci, Lippo Malls Indonesia Retail Trust, MGM China Holdings, SK Hynix
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
OMH: Guiding to Strong Revenue Growth Following Acquisition, Organic Steps
- Ohmyhome Property Management continues to increase the number of residential units managed.
- The business unit managed 6,746 residential units as of December 31, 2023, up about 45% compared to some 4,648 units at the end of 2022, according to the company’s filings, and up from 2,962 at the end of 2021.
- The goal is to continue to increase the number of units under management, which Ohmyhome believes will contribute to consolidated revenue growth.
WBUY: Initiating coverage of a Southeast Asian community-based buying group
- We are initiating coverage of Webuy Global (WBUY) with a $0.85 target valuation.
- Webuy Global is a community-based buying group platform that sells groceries, fresh produce, and packaged travel tours through its app in Indonesia and Singapore.
- The company is attempting to leverage its customer relationships to expand into additional markets where group buying has shown promise, like insurance.