Discussion 01 2 publicly traded companies

On Friday, the EV market received a jolt as Swedish electric performance carmaker Polestar began trading on the Nasdaq after going public via a SPAC transaction. Shares, trading under the ticker “PSNY,” opened the trading day valued at $13.30 but sank to less than $11 as of midday. advertisement advertisement Polestar is the latest high-profile company to go public during a rather tumultuous time on the market—and also to do so using a SPAC deal. Sustainable consumer-products company Grove Collaborative likewise went public a week ago. But Polestar, which itself was spun off from its parent company, Volvo, is among a slew of other EV makers that have gone public in recent years, such as Rivian , Fisker , Nikola , and Lordstown Motors. “By 2025, we aim to be selling 290,000 cars per year, 10 times as many as we sold in 2021,” said Thomas Ingenlath, CEO of Polestar, in a press release . “We already have a real and … [Read more...] about Polestar goes public: What to know about the electric vehicle company’s SPAC merger

Share to Twitter Share to Linkedin The U.S. Department of Defense is a huge consumer of technology, and as a result America is home to many of the world’s biggest makers of military hardware. If you were to infer from this that Americans have a love affair with defense companies, you’d be wrong. It is a longstanding tradition in the domestic political culture to view military contractors with suspicion. That tradition is not confined to one party. During the 1920s, Republicans led the charge in labeling military suppliers like Dupont as “merchants of death.” Fifty years later, during the Vietnam War, it was Democrats who took the lead in condemning the “military-industrial complex.” The latest wrinkle in this longstanding bipartisan bias is the charge that traditional defense companies are not innovative, and that if the Pentagon wants cutting-edge technology it needs to turn to commercial companies in Austin, Boston and Silicon Valley. The … [Read more...] about U.S. Defense Companies Are World-Class Innovators. Why Doesn’t Washington Know That?

THREE MEN AND A HEADACHE For allegedly evading questions and lying to senators during a Senate inquiry into corruption at the state penitentiary, Bureau of Corrections legal division chief Fredric Santos (left), New Bilibid Prison medical officer Ursicio Cenas and documents section chief Ramoncito Roque are cited for contempt and ordered to be detained on Thursday. —PHOTOS BY LYN RILLON AND RICHARD A. REYES MANILA, Philippines–There are other money-making ventures for corrupt officers at New Bilibid Prison aside from the payoffs for hospital passes and good conduct time allowances, according to a former official of the Bureau of Corrections (BuCor). The other schemes include allowing prisoners to bring in women, run a 24-hour gambling operation and let in contraband under the cover of a construction project, said Rafael Ragos who served as Bilibid officer in charge from November 2012 to March 2013. What started as a Senate inquiry into the good conduct law, Republic Act No. … [Read more...] about Bilibid flesh trade, 24-hour gambling bared

PETALING JAYA: There is still room for discussion with the Human Resources Ministry to ensure smooth implementation of the Flexible Working Arrangement (FWA) from Sept 1, says its Deputy Minister Datuk Awang Hashim. “The ministry had previously conducted engagement sessions with the relevant bodies such as the Malaysian Employers Federation (MEF) and others before coming out with the framework on the implementation of the FWA. “However, if the bodies representing employers feel that there should still be further discussions after consulting among themselves, they can approach the ministry. “Both employers and employees are our clients and we want to ensure a win-win situation for all parties involved,” he said when contacted yesterday. He acknowledged there would be resistance from some employers or companies on the FWA. “That is why the engagement process was held with bodies representing employers,” he said. Employees who want to work on flexible terms could apply to … [Read more...] about Still room to discuss flexi-work, says Deputy HR Minister

- A + A KUALA LUMPUR (June 27): Analysts have maintained their "buy" rating of VS Industry Bhd (VSI) despite the company’s earnings for the nine-month period ended April 30, 2022 (9MFY22) coming in below their expectations. Despite maintaining a "buy" rating for the stock, Hong Leong Investment Bank (HLIB) Research trimmed its target price (TP) to RM1.14 (from RM1.21 previously). “In light of [the] rising interest rate environment and cost headwinds, we tweak our P/E (price-to-earnings) target lower from 18 times to 16 times. “As the biggest EMS (electronic manufacturing services) player in Malaysia with a solid track record, we opine that VSI would be able to weather through the gloomy clouds while simultaneously scour for opportunities from the trade diversion,” said the research house in a note on Monday (June 27). VSI’s net profit for the third quarter ended April 30, 2022 (3QFY22) dropped 30.1% year-on-year to RM51.29 million, from RM73.38 million … [Read more...] about Analysts keep ‘buy’ on VS Industry despite lower-than-expected 9MFY22 earnings

Wee: I do not know who is in the company (to take over Adil Permata). The most important thing is whichever company gets this project, if it is a public-listed company, it is their duty to announce. (Photo by Patrick Goh/The Edge) - A + A KUALA LUMPUR (June 27): The government has received notification from Adil Permata Sdn Bhd in regard to its “white knight” to take over the company and its RM3.7 billion Rapid Transit System Link (RTS Link) project connecting Bukit Chagar in Johor Bahru to Woodlands in Singapore, according to Transport Minister Datuk Seri Dr Wee Ka Siong. Despite the changes in shareholdings in Adil Permata, Wee reiterated that the contract awarded to Adil Permata for the RTS Link project remains. When asked if the businessman Tan Sri Lim Kang Hoo would take over the company and the project, Wee replied: “I do not know who is in the company (to take over Adil Permata). The most important thing is whichever company gets this project, if it is a … [Read more...] about Wee: ‘White knight’ to take over the major contractor of JB-Singapore RTS Link

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. Naza Tower in Platinum Park in the city centre is one of the group’s key assets. (Photo by www.nazatower.com) - A + A NAZA Communications Sdn Bhd, a wholly-owned subsidiary of the diversified Naza Corp Holdings Sdn Bhd, is understood to be in talks to acquire the assets of digital services provider U Mobile Sdn Bhd, sources say. In response to questions from The Edge, Naza Communications says, it is “unable to comment”. Similarly, U Mobile says it is “unable to comment on your queries”, when asked about a possible sale of U Mobile’s assets to Naza Communications. While details of the assets in question remain scarce, U Mobile had total assets of RM6.33 billion as at end-December 2020, of which RM1 billion was current assets. Another source says U Mobile had called for a request for proposal (RFP) and Naza Communications, the front runner to acquire the former’s … [Read more...] about Naza Communications looking to buy U Mobile’s assets

You know the place, even if you haven’t been there. advertisement advertisement From the outside, it has a spare, severe look. But inside, past the flower stall and barbershop, the vibe is serene and hushed. Long tables and worn leather chairs invite people to cluster; the scent of locally roasted coffee mixes with the sound of the nearby photo booth, whirring in the background. There are vintage records on the shelves and slinky indie pop on the speakers, and the late afternoon sunlight makes puddles on the century-old wood floor. The feeling is both of the moment and timeless. To a remarkable extent, this place, the Ace Hotel, is the brainchild of a single man, a lean, mop-haired native of the Pacific Northwest named Alexander Calderwood. A kind of hipster polymath, he was able to look around the corners of culture and see what was coming years, if not decades, before everyone else. In his 20-year career, Calderwood cofounded a barbershop, a … [Read more...] about Behind Ace Hotel Founder Alex Calderwood’s Creative Life And Untimely Death

Share to Twitter Share to Linkedin Salary negotiations are naturally intimidating. That said, when we get down to it most of our fears are either unfounded or can be easily managed with smart preparation. Self-confidence and worth are also major factors in this process. Career and Interview Coach Kyle Elliott, MPA, CHES joined Negotiate Anything to discuss tools for boosting confidence as well as advanced strategies for preparation ahead of these important conversations. The Role of Confidence Fear or lack of confidence is a top factor in an individual’s ability to negotiate salary effectively. At the root of our anxiety to negotiate for more money is a fear that we aren’t worth it. This fear could be tied to deeper emotional triggers, but it could also be a psychological side effect of working within the same pay range for an extended period of time. Our identities become attached to what we have been earning. The good news: your salary as an … [Read more...] about Salary Negotiations: Tools For Boosting Confidence and Earning More

HCL Tech: HCL Tech to acquire Bengaluru-based Quest Informatics for Rs 15 cr cash. HCL Technologies (HCL), announced it will acquire Bengaluru-based Quest Informatics (Quest), an aftermarket, Industry 4.0 and IoT company, in an all-cash deal worth Rs 15 crore. The company founded in 2000, had revenue of Rs 13.6 crore for FY21. It has come down from Rs 18.6 crore reported in FY20. HCL Technologies also adopts Intelligent Data Migration Platform from Syniti. Pact to provide customers with improved data management strategy and higher quality data. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Indian IT services company HCL Technologies on Friday announced the opening of its new delivery centre in Vancouver, Canada. The centre will "significantly" expand the company's presence in the country to serve clients primarily in the hi-tech … [Read more...] about HCL Tech opens new global delivery centre in Vancouver