- A + A (May 23): Hartalega Holdings Bhd rose 4.3% on Monday morning (May 23). Trading volume was double the average for this time of day. Its share price increased to RM4.37 from RM4.19. The stock was the best performer among its peers. Meanwhile, the FBM KLCI rose 0.4%, while the MSCI AC Asia Pacific Index gained 0.6%. Market metrics Trading volume was 427,000 shares, double the 20-day average of 173,715 shares for this time of day. Of shares that were traded, 32% were at the ask price and 48% were at the bid. Market insights Hartalega's share price declined 56% in the past 52 weeks, compared with a 59% decrease for the company's Bloomberg peers. The KLCI lost 0.8%. The share price of Hartalega is down 0.7% in the past five days and fell 5.2% in the past 30 days. Hartalega trades at 23 times its estimated earnings per share (EPS) for the coming year. It trades at 3.3 times trailing EPS. The company is priced at 2.9 times book value. The … [Read more...] about Hartalega shares up most in seven weeks, trading volume doubles
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- A + A KUALA LUMPUR (May 23): Hong Leong Investment Bank (HLIB) Research said that the inflationary environment coupled with the price lock campaign will result in shrinkage in AEON Co (M) Bhd’s margin moving forward. The research house said it had downgraded its call on the retailer to “hold” with a lower target price of RM1.40 (from RM1.78) as it slashed its FY22 forecast by 6.5% to account for margin challenges. “AEON’s management shared that the group will roll out another anti-inflationary campaign for core basic items in order to capture customer retention. “Despite the intention of preserving value for customers, we opine that this will put a strain on the margin moving forward,” it said. On property management services, HLIB added that with the group's adaptation of commission rental structure as opposed to the traditional fixed rental structure, AEON had garnered higher sales commissions as tenants improved their sales. With this flexibility, AEON … [Read more...] about AEON Co’s margin to shrink amid inflationary environment and price lock campaign, says HLIB
Share to Twitter Share to Linkedin An overwhelming number of U.S. registered voters say they support higher tariffs on goods imported from China. According to a poll released this week by Morning Consult, 73% of survey respondents said they support the U.S. government using trade remedies on China to protect U.S. industries and American workers with a similar high number — 71% — supporting the trade war tariffs imposed on $250 billion worth of China imports during the Trump administration. Even with inflation at levels not seen since the 1970s, American voters seem willing to force companies to import from elsewhere or make it locally instead. “I am not surprised by these numbers,” says Harsh Khurana, CEO of WeCultivate, a tech company funded in part by Mark Cuban , that works as a browser extension on Amazon AMZN to show consumers American-made products. “Tariffs hurt the American consumer more than they hurt China's manufacturing because the … [Read more...] about Sorry, China. Most Americans Support Higher Prices On Your Imports.
'We expect global edible oil stock levels to take time to recover due to expectations of a prolonged Ukraine-Russia war as well as disruption from adverse weather conditions,' said the analyst. (Photo by Reuters) - A + A KUALA LUMPUR (May 23): Affin Hwang Investment Bank on Monday (May 23) downgraded Sime Darby Plantation Bhd to "sell" (from "hold") as it cut its target price (TP) to RM4.20 (from RM4.95). Affin Hwang analyst Nadia Aquidah said in a note that she lowered her TP for Sime Darby Plantation after earnings forecast revisions and rolling forward her valuation horizon and applying a higher discount rate given that crude palm oil (CPO) prices had likely peaked and the potential risk of a reverse in foreign shareholdings. Meanwhile, she said Sime Darby Plantation’s core net profit of RM813 million (+62.3% year-on-year) for the first quarter ended March 31, 2022 (1QFY22) came in within her expectations. She made no changes to her FY22 core earnings per … [Read more...] about Affin Hwang downgrades Sime Darby Plantation, lowers target price to RM4.20
Share to Twitter Share to Linkedin The “adults” are back in charge. They’ve given us another war without end, a commodity crisis , and a supply chain crisis. What’s next? A global recession? Markets are a total mess , with Walmart WMT tanking 10% in one trading session on May 18. The last time that happened was the stock market crash of October 1987. Inflation, thanks to unpresented money printing and Universal Basic Income test- drives during an unprecedented China-style lockdown of the U.S. economy in 2020—2021, is now eroding living standards. It’s global. The U.K. inflation print on May 18 was 9%. How transitory is this? If Europe keeps the pressure on commodities in its economic war with Russia, then the answer is – as long as Europe and Russia are sanctioning each other to smithereens. As I predicted here back in February, before the Russian siege of Mariupol, and before much of the Donbas region fell to Russian … [Read more...] about The Coming Global Recession, Helped By Europe’s ‘Green War’ With Russia
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The market snapped a five-week losing streak and closed 3 percent higher in the week ended May 20. Volatility remained on the higher side amid the Ukraine-Russia crisis, and fear of aggressive rate hikes by the Federal Reserve. After losing more than 11 percent in the previous five weeks, the Nifty50 closed decisively above 16,000 mark at 16,266, up nearly 500 points and formed a bullish candle on the weekly scale. The index also closed way above 5 and 10 days simple moving averages whose value placed above 16,060 levels. The index has not fallen below its March lows (15,671) and also held strongly above the 15,700 mark, which both could act as strong support levels in coming days and sustaining above 16,000 could take the index beyond 16,600 mark, experts said. "With reference to … [Read more...] about Top 10 trading ideas from experts for next 3-4 weeks as market snaps five-week losing streak
Share to Twitter Share to Linkedin Fadia Kader is no stranger to the world of social media. She’s built a reputation as a dot connector and trend forecaster, creating high-impact strategies for platforms at the intersection of tech, music, media and culture. From her role as Head of Senior Music Partnership Lead at Twitter to her position as the Strategic Music Partnerships Lead at Instagram, she’s worked with some of the biggest names in social media. Now, Kader has taken her talents to Clubhouse as the Global Head of Strategic and Media Partnerships. Clubhouse, the audio-based platform that allows users to gather in virtual rooms and engage in live conversations about everything from fintech to fashion trends, is one of the fastest growing social media apps. Since its launch in April 2020, Clubhouse has amassed millions of users including thought leaders like Oprah Winfrey, superstars like Drake, and global corporations like L’Oreal Paris. While … [Read more...] about Meet Fadia Kader, The Trend Forecaster Keeping Innovative Social Audio App Clubhouse Ahead Of The Curve
Share to Twitter Share to Linkedin Peloton’s stock has seen another sell-off, falling by around 40% over the last month, as surging inflation, rising interest rates, and the prospect of a recession continued to turn investors away from growth stocks and pandemic favorites. Moreover, Peloton’s Q3 FY’22 earnings were weaker than expected, with revenue declining to $964.3 million from $1.26 billion a year ago, as demand for at-home fitness equipment cooled considerably. This marked Peloton’s first year-over-year revenue decline since it went public. Peloton’s poor planning didn’t help either, as inventory has piled up, eating into the company’s cash just as sales fell. Net losses also widened to $2.27 per share, from about $0.03 a year earlier. Things are expected to remain tough over Q4 FY’22 as well, with the company projecting revenue of between $675 million and $700 million, well below consensus estimates, marking a decline of as much as 29% from the same quarter … [Read more...] about Peloton Stock Is Cheap Given Its Solid Subscription Business
Share to Twitter Share to Linkedin Tapestry (NYSE: TPR) stock, a luxury goods retailer of handbags, shoes, and accessories under the Coach, Kate Spade, and Stuart Weitzman brands, has increased by almost 13% over the last five trading days (one week) and currently stands at around $32. In comparison, the broader S&P500 index increased only marginally over the same period. The retailer’s stock jumped on beating both top and bottom lines in the recent fiscal third quarter in the face of a high inflationary environment. In Q3, the company’s revenue grew 13% year-over-year (y-o-y) to $1.4 billion and remained flat in adjusted earnings per share to $0.51. The company continued to leverage its digital scale to bring in new customers and develop a sustainable advertising budget during the quarter. It’s worth noting that the company acquired 1.4 million new customers and enjoyed a 13% increase in sales despite slowdowns in Asia. Tapestry’s fiscal 2022 … [Read more...] about Should You Buy Tapestry’s Stock Post Fiscal Q3?
Share to Twitter Share to Linkedin Developing and implementing a strategy that helps your product sell itself is an aspiration for many businesses. A good marketing strategy ends up targeting the right audiences in ways that get them thinking about your brand. As a result, your stores and website start to experience more traffic, and sales inch up. But a great marketing strategy—one that’s really effective—will stimulate demand for years to come. Target audiences will realize a need they didn’t know they had. Your brand becomes the first thing people think about when they consider your product or service category. Household names like Coca-Cola, Campbell’s and Disney didn’t just rise to the top by chance. Savvy planning, execution and analysis identified ways to reach high-potential market segments while differentiating the brand enough to shield it from the competition. If you want your business to reach household name status, you will need to follow … [Read more...] about How To Make Your Marketing Strategy A Reality