For many, the main point of investing is to generate higher returns than the overall market. But in any portfolio, there will be mixed results between individual stocks. So we wouldn’t blame long term First Resources Limited (SGX:EB5) shareholders for doubting their decision to hold, with the stock down 11% over a half decade.With that in mind, it’s worth seeing if the company’s underlying fundamentals have been the driver of long term performance, or if there are some discrepancies. View our latest analysis for First Resources To paraphrase Benjamin Graham: Over the short term the market is a voting machine,…
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The world’s biggest steel producer sounded the alarm about an industry crisis in China that carries the potential to ripple around the globe and plunge the sector into a deeper downturn. Source link
Let’s talk about insider trading. Not the illegal kind, but the perfectly normal – and fully legal – trading by top-level corporate officers. These are the C-suite residents and the members of the Boards, company officers who know what’s going on behind the scenes and are responsible to shareholders for bringing in profits. They typically hold shares in their own companies and make trades based on the knowledge they have from behind the scenes.To keep the playing field level, federal regulators require that company insiders publish these transactions – and investors can benefit from seeing just which stocks the corporate…
On Tuesday, BofA Securities adjusted its stance on Saab AB stock, a Swedish aerospace and defense company, by changing its stock rating from Buy to Neutral. Accompanying this change, the firm also revised its price target for Saab AB, lowering it to SEK240.00 from the previous target of SEK265.00. The new rating and price target reflect the firm’s reassessment of the company’s future performance and market position. BofA Securities highlighted Saab AB’s impressive track record over the past two years, noting its superior performance in terms of order intake and top-line growth within its industry cluster. However, the firm anticipates…
Image source: Getty Images The FTSE 100 index has attracted its fair share of criticism in recent years. Arguably, much of the flak has been warranted. Recent research from Goldman Sachs has revealed that the Footsie delivered a 6% total annual return over the past decade. Compared to 8% for Europe’s Stoxx 50 and 13% for America’s S&P 500, Britain’s largest shares have been international laggards. However, there are indications the tide could be turning for FTSE 100 stocks. Consequently, UK investors might consider looking closer to home for strong future returns. Here’s why. A rare bargain opportunity Using the…
On Tuesday, Macquarie initiated coverage on DiDi Global (OTC: DIDIY) stock, a leading mobility platform, with an Outperform rating and a price target of $5.50. The firm recognized DiDi Global as a high-quality, undervalued market leader with a strong presence across the Asia Pacific, Latin America, and other regions. The new coverage highlights the growing demand for ride-hailing services in China, propelled by the continued pursuit of convenience and digital adoption. Macquarie projects that industry penetration will double, increasing from 3% to 6% between 2022 and 2028. This expansion is expected to be supported by the platform’s comprehensive services and…
New Delhi: Sustainiam on Monday said it has onboarded 400 MW renewable assets from Brookfield Asset Management to generate carbon credits as part of an agreement. A business entity or group earns a carbon credit by decarbonising its operations. At present, it is a growing market across the globe, “We have onboarded a portfolio of 400 MW renewable assets from Brookfield Asset Management for the registration, issuance and trading of International Renewable Energy Certificates (I-REC) or carbon credits,” Sapna Nijhawan, Founder and CEO of Sustainiam, said. The total capacity includes 50 projects which primarily consist of wind assets spread over…
BELLEVUE, Wash. – T-Mobile US, Inc. (NASDAQ: NASDAQ:) has announced a public offering of $2.5 billion in senior notes through its subsidiary T-Mobile USA, Inc. The offering is divided into three tranches: $700 million of 4.200% Senior Notes due in 2029, $900 million of 4.700% Senior Notes due in 2035, and $900 million of 5.250% Senior Notes due in 2055. The closing of the offering is anticipated for September 26, 2024, contingent upon customary closing conditions. T-Mobile USA aims to allocate the net proceeds for general corporate purposes. These may include share repurchases, dividends as declared by the T-Mobile Board…
In recent trading activity, Teresa McCarthy, the Chief Human Resources Officer of Avidity Biosciences, Inc. (NASDAQ:RNA), sold shares of the company’s common stock, resulting in a total transaction value exceeding $578,000. The sale occurred on September 23, 2024, with the shares being sold at prices ranging from $44.00 to $44.08, averaging $44.0004 per share. This transaction involved a total of 13,153 shares. The sale was part of a “sell-to-cover” transaction to satisfy tax withholding obligations connected to the vesting of performance-based restricted stock units (PSUs). These PSUs vested upon the achievement of the company’s second performance objective, which was the…
SYDNEY — The Mineral Security Partnership, a U.S.-championed group of 14 countries and the European Union, launched a “finance network” on Monday at an event in New York as part of efforts to break China’s hold on supplies of critical minerals. The Mineral Security Partnership Finance Network aims to overcome investment shortfalls that have hindered the development of supply chains for key strategic materials like lithium, nickel and rare earths outside of China. The minerals are widely used in modern manufacturing and are important for the energy transition due to their use in technology like electric vehicles and wind turbines. Source link