- A + A KUALA LUMPUR (Dec 1): Infomina Bhd has jumped 53.3% to 82 sen a share at the end of Thursday (Dec 1) after the stock closed at 53.5 sen last Friday, the day it made its ACE Market debut. The information technology solution provider was traded at 62 sen to 85.5 sen a share on Thursday. It was the most active counter on Bursa Malaysia, with some 173.3 million shares exchanged. Infomina made a strong debut last Friday, settling 13.5 sen or 34% higher than its issue price of 40 sen per share. The group's listing raised approximately RM32.47 million via a public issue of 81.17 million new ordinary shares, with the majority of funds (43%) allocated as working capital. Broker firm CGS-CIMB has initiated coverage of Infomina with an “add” call and a target price of RM1.15, implying 20 times calendar year 2024 price-earnings ratio. “As the sole Tier 1 VAD (value added distributor) for Broadcom Mainframe Software in eight countries currently, Infomina should … [Read more...] about Infomina shares climb 53% on fourth day of trading since debut
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Share to Twitter Share to Linkedin A common strategy many investors use around each quarter's 13F reporting period is to "follow the smart money." This strategy works most of the time, but this year, investors who have done so have watched their portfolios shrink rapidly and dramatically — along with most of the hedge fund industry. The most popular hedge fund stocks In its quarterly "Hedge Fund Trend Monitor," Goldman Sachs presented its list of the most popular long positions among fundamentally driven hedge funds. This basket has outperformed the S&P 500 in 58% of quarters since 2001, although at the cost of high volatility. However, the basket has underperformed the index dramatically since early 2021, lagging by more than 30 percentage points. Thus, in the current climate, this list could offer some stocks that investors might want to avoid, at least in the near term, until things turn around. Goldman's "Hedge Fund VIP" basket isn't … [Read more...] about Hedge Fund 13F Wrap For Q3: Top Tech Stocks, Resources And Healthcare Themes
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Info Edge (India) Info Edge provides internet based service delivery like recruitment services (Naukri), real estate (99 acres), Jeevansathi and Shiksha. Quasi play on Indian start up like Zomato, PolicyBazaar, Shoekonect, Ustra, Gramophone and job market, matrimony services & real estate market • Prudent capital allocation with recruitment business EBITDA margin >50%. Outlook We change our rating on the stock from BUY to HOLD. We value Info Edge at Rs 4,590 on SOTP basis. For all recommendations report, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users … [Read more...] about Hold Info Edge (India); target of Rs 4590: ICICI Direct
Share to Twitter Share to Linkedin Congratulations! You’ve beaten the odds, built an enduring, valuable business, and are looking to sell it. If you’re like most business owners, you’re primarily focused on working with your investment banker and M&A attorney to get the best price and structuring the deal with favorable terms. But don’t overlook personal wealth management strategies that can increase the value of the transaction and give you peace of mind. It’s essential to include your personal advisors — your estate planning attorney, tax accountant, financial advisor, and maybe therapist — early in the process. Here are the top wealth management topics to consider before selling your company. Estate Planning Transferring a portion of your company to irrevocable trusts outside your estate before the sale is a powerful planning strategy because the transferred shares will be valued at a discount to the eventual sales price. This is because shares … [Read more...] about What Planning Should You Do Prior To Selling Your Company?
Share to Twitter Share to Linkedin At a time when US lawmakers are increasingly limiting the rights of women and underrepresented minorities across a range of issues, the EU is going in the opposite direction: the European Parliament recently passed a law requiring publicly-traded companies to have at least 40 percent of non-executive director posts, or one-third of all director posts, filled by women by July 2026. The Women on Boards Directive that was adopted on November 22 had initially been proposed in 2012, but had been tabled by the Council of the European Union in November of 2012 due to objections from some member states. The inability to move the Directive forward spurred the creation of European Women on Boards (EWOB), a Brussels-based not-for-profit organization whose aim is to increase gender diversity in C-suite and board roles throughout Europe. “Ten years after the first proposal, the Women on Boards Directive has finally been adopted. … [Read more...] about EU Law Set To Increase Gender Diversity On Company Boards
Share to Twitter Share to Linkedin Edging past the shortlist of Canadian juggernauts in cannabis, High Tide claimed the top spot in revenue among the country’s leading cannabis companies. High Tide (NASDAQ: HITI ) (TSXV: HITI) (FSE: 2LYA) announced that according to new data recently released by the cannabis business publication, New Cannabis Ventures, the company is now Canada's top revenue-generating cannabis company. High Tide is North America's first cannabis discount club retailer, under the Canna Cabana banner, making it the single-largest cannabis retail brand in Canada, operating more than 100 Canna Cabana retail stores . With 142 current locations—spanning across British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario—High Tide is the largest non-franchised cannabis retail chain in Canada. New Cannabis Ventures manages the Public Cannabis Company Revenue & Income Tracker , which ranks the top revenue and incoming … [Read more...] about High Tide Named Canada’s Top Revenue-Generating Cannabis Company
- A + A LONDON (Dec 1): The bulls were enjoying the good life on Thursday after the world's most influential central banker, Jerome Powell, signalled this year's frantic pace of US interest rate hikes could be about to slow. It was a textbook "risk on" pattern, with both Europe's STOXX 600 and MSCI's main world stocks index hitting their highest since August and the previously unstoppable dollar huddled at a three-month low. Rallying bond markets sent borrowing costs lower almost everywhere too and although Wall Street looked set for a flat start later, higher oil and metals prices suggested even commodities markets now see hope for the spluttering world economy. "It absolutely makes sense," said Unigestion senior portfolio manager Olivier Marciot, saying it was a case of "it's not so bad any more, so it's good". "We have the confirmation that we are not having central banks being ever more hawkish and the confirmation that inflation is starting to slow." There … [Read more...] about Bulls on the charge after Fed signals smaller hikes