UOB Kay Hian Securities (Thailand) Public Company Limited: A Financial Update
In the dynamic world of finance, UOB Kay Hian Securities (Thailand) Public Company Limited continues to make headlines with its strategic moves and insightful analyses. As a leading financial institution in Thailand, UOB Kay Hian offers a comprehensive range of services, including wealth management, investment banking, and retail banking. The company also provides a platform for businesses to list and trade their securities on the Stock Exchange of Thailand (SET).
Recent Financial Insights and Stock Recommendations
On May 2, 2025, UOB Kay Hian released several noteworthy reports that have caught the attention of investors and analysts alike. Here’s a breakdown of the key updates:
Hong Kong Exchanges and Clearing (HKEX) Analysis: UOB Kay Hian has adjusted its target price (TP) for HKEX to $390, following the company’s quarterly results, which were in line with expectations. The results highlighted a 37% year-over-year increase in net profit, driven by a significant rise in average daily turnover and a stronger-than-expected net interest margin.
Galaxy Entertainment (GALAXY ENT): The firm has identified Galaxy Entertainment as a top pick, with Macau’s gaming revenue (GGR) for April 2025 surpassing estimates by 3%. This growth reflects a recovery to 80% of the 2019 level, with visitor arrivals increasing by 11% year-over-year.
Ganfeng Lithium (GANFENGLITHIUM): UOB Kay Hian upgraded its recommendation for Ganfeng Lithium to “Buy” and increased its TP to $30. The company’s 1QFY25 net loss narrowed by 19% year-over-year and 75% quarter-over-quarter, with expanding profit margins despite a decline in average selling prices.
ASMPT Holdings: The target price for ASMPT was adjusted to $68, with reduced net profit forecasts. The company’s 1QFY25 results were largely in line with expectations, with revenue at the midpoint of management’s guidance range.
Xiaomi-W: UOB Kay Hian raised its target price for Xiaomi-W to $66, anticipating that the company’s 1Q adjusted profit will set a record high.
Market Developments
In addition to UOB Kay Hian’s updates, the Stock Exchange of Thailand (SET) has issued notifications to 15 listed companies, urging them to urgently rectify their free float qualification to meet regulatory requirements within a specified period. This move underscores the importance of maintaining market integrity and investor confidence.
Conclusion
UOB Kay Hian Securities (Thailand) Public Company Limited continues to play a pivotal role in the financial landscape, providing valuable insights and strategic recommendations. As the market evolves, investors will be keenly watching the developments and adjustments made by UOB Kay Hian and other key players in the industry.