💫 $Keppel(BN4.SI)$ : refreshed a new record high of $10.05 after the company reported a net profit increase of over 25% year-on-year (YoY) in the first 9 months of 2025 (9M25), with improvements across all of New Keppel's segments
💰Asset monetisation reached S$2.4 billion as of 9M25, a record (excluding the Keppel O&M divestment) since Keppel announced the divestment program in Oct 2020. Another S$500 million in monetisation deals are targeted over next few months.
🥉Keppel currently reigns as the local benchmark's 3rd best performing index stock with a 47% year to date increase
✳Since its listing on 9 September 2025, Macquarie's trending Keppel call warrant $KeppelMBeCW260330(MXDW.SI)$ (https://warrants.com.sg/tools/livematrix/MXDW) is up 6 times more with its 100% spike to SGD 0.078 (as of yesterday's close), than Keppel's 17% gain from $8.60 to $10.05 over the same period
🔧Those seeking leverage at a smaller capital outlay compared to trading Keppel shares directly may wish to use MXDW to ride on Keppel's further share price upside in the short-term
🚘 $BYD COMPANY-100(01211)$ : after market close yesterday, BYD reported another slump in quarterly profit as intensifying domestic competition and growing industry scrutiny pile pressure on the Chinese carmaker’s sales outlook. It had previously reported a shock 30% plunge in the last quarter (Bloomberg)
3Q net income tumbled 33% YoY to 7.82 billion yuan
🔼Its gross profit margins are back to 17.6% (+135 basis points versus 2Q), suggesting signs of recovery off its weak 2Q results
🌦Small improvements like tighter operating expenses and declining capital expenditure suggest company is on the path to a better FY26 than trying to salvage FY25
🌍According to Bloomberg, BYD’s aggressive push overseas is an increasingly important pillar for the company’s growth given the challenges it faces in the domestic market. Overseas sales volume grew 160% from a year earlier in the third quarter, fueled by demand across Europe and Latin America
🇨🇳Back home, BYD may also benefit from a potential boom in sales in the final quarter of the year as China moves to phase out some subsidies and tax incentives. Some local governments are already ending programs that had helped EV sales increase. (Bloomberg)
BYD's share price listed in Hong Kong has lost 33% over the last 5 months, with the stock amongst the top index losers in the second half of 2025 thus far
Already down 0.9% yesterday ahead of results, BYD shares look set to open another 0.6% lower this morning.
Those keen to trade BYD's share price movement may wish to consider Macquarie's trending BYD call warrant $BYD MB eCW260303(ZG7W.SI)$ (https://warrants.com.sg/tools/livematrix/ZG7W)
The call warrant was down 4.8% to SGD 0.020 given BYD's 0.6% fall yesterday. There are no put warrants available over BYD shares
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