Tim Hortons China: Brewing Success Across Asia

Today’s big movers inside

April 18, 2024

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FOCUS LIST🔎

BPTH - Up over 80% in the pre-market after announcing completion of higher dose second cohort in Phase 1 trial in Refractory/Relapsed Acute Myeloid Leukemia (AML) patients

CTM - Up over 20% in pre after announcing strategic alliance with Epic Systems

THCH - Up over 25% in pre after reporting over 55% YoY revenue growth

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HOTLIST🔥

BPTH - Up over 80% in the pre-market after announcing completion of higher dose second cohort in Phase 1 trial in Refractory/Relapsed Acute Myeloid Leukemia (AML) patients.

Bio-Path Holdings, Inc. (BPTH) is a biotechnology company leveraging its proprietary DNAbilize® antisense RNAi nanoparticle technology to develop a portfolio of targeted nucleic acid cancer drugs.

In the pre-market this morning, the company announced the completion of the second dose cohort of the dose escalation portion of its Phase 1/1b clinical trial of BP1002 evaluating the ability of BP1002 to treat refractory/relapsed acute myeloid leukemia (AML) patients, including venetoclax-resistant patients.

Peter Nielsen, President and Chief Executive Officer of Bio-Path Holdings stated

“we look forward to advancing this study in even higher doses with the hope that we can sooner reach the combination therapy segment of our Phase 1/1b study with increased levels of BP1002 for the treatment of these vulnerable patients with few, if any, treatment options.”

The stock traded up over 80% in the pre-market in reaction to the news.

$5.42 was a support area in the pre-market and now becomes a level of potential resistance.

Above it, targets to the upside are $5.85, $6.06, and then the pre-market high at $6.39. Beyond that, $6.94 and $7.50 come into play.

Below $5.42, targets to the downside are $5, $4, $3.50 and then a gap to fill at $3.24.

CTM - Up over 20% in pre after announcing strategic alliance with Epic Systems 

Castellum, Inc. (CTM) is a cybersecurity, electronic warfare, and software engineering services company focused on the federal government.

In the pre-market this morning, the company announced a new strategic alliance between its subsidiary Specialty Systems, Inc. (SSI) (www.specialtysystems.com) and Epic Systems, Inc. (www.epicinfotech.com).

The Alliance allows for the bidding on government contracts utilizing Epic’s small business status while leveraging SSI’s 40+ years of past performance.

The stock traded up over 20% in the pre-market in reaction to the news.

The first target for bulls is the pre-market high at $0.2742. Beyond that, $0.30, $0.32, $0.34, $0.36 and $0.40 come into play.

Below $0.2742, targets to the downside are $0.24 and then a gap fill at $0.2201.

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THCH - Up over 25% in pre after reporting over 55% YoY revenue growth

TH International Limited (THCH) operates Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. The company is based in Shanghai, the People's Republic of China.

In the pre-market this morning the company reported Q4 and full year 2023 financial results. 

Q4 total revenues reached RMB391.2 million (USD55.1 million), representing a 29.8% increase from 4 2022.

Net new store openings for Q4 totaled 149 (34 company owned and operated stores and 109 franchised stores for Tims, and 6 company owned and operated stores for Popeyes).

Q4 adjusted store EBITDA was RMB15.9 million (USD2.2 million), representing a 23.9% year-over-year growth.

The stock traded up over 25% in the pre-market in reaction to the earnings report.

The $1.19 area acted as support in the pre-market and will be an important level to watch. 

Above it, targets to the upside are $1.24, $1.30, $1.38 and then the pre-market high at $1.54. Beyond that $1.60, $1.80 and $2 come into play.

Below $1.19, targets to the downside are $1.04 and then $0.98.

MARKET NEWS 📰

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