Toy retailer market share

Siddharthaa Bhaiya, Managing Director and Fund Manager of Aequitas, said their investment philosophy is guided by a multibagger approach that identifies long-term potential through extensive in-house research. They invest in Indian listed equities in small and mid cap space and identify companies that are leaders by way of margin or sales in their respective sectors. Siddharthaa Bhaiya added that they hold stocks through their entire wealth creation journey making average holding period approximately 4-5 years. In an interview to Moneycontrol, he said they do see potential in the auto space. Here are edoited excerpts from that interview: What is your investment philosophy and what is your suggestion to the new-age investors? Close Don't try to time the market : As famously said by Peter Lynch: “Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves.” Nobody can predict what is going to happen … [Read more...] about Don’t try to time the market, advises Siddharthaa Bhaiya of Aequitas

Share to Twitter Share to Linkedin To say we are in uncharted territory is an understatement. We’ve been through Black Swan events before, but what seems different this time around is the high level of uncertainty that is still present several weeks into the pandemic in the U.S. (months globally). Normally at this juncture, we have a better understanding of what transpired and a clearer path forward. But for retail, the big question on everyone’s mind is, with as much as $20 billion in retail rents due , where do we go from here? I’ve been in this business for many years on both sides of the aisle and often tenants and landlords come to the negotiating table with differing viewpoints. But that mentality must be put aside for the industry to pull through this crisis. At the risk of waxing poetic – now, more than ever, is the time for landlords and retailers to come together if we are to have shopping centers and stores for quarantined-weary consumers to … [Read more...] about $20 Billion In Retail Rents Due: Why Collaboration Is The Only Way Forward

Share to Twitter Share to Linkedin Hamburg-based travel retailer Gebr. Heinemann was rejoicing this week as it ousted Dufry by winning the tender to run the core retail business at Düsseldorf Airport, Germany’s fourth busiest air gateway after Frankfurt, Munich and Berlin. Heinemann—with revenue of $2.2 billion (€2.1 billion) in 2021—will run a new ten-year concession to operate four duty-free and travel retail stores across all three terminals (A, B, C) from January 10, next year. The 43,000 square feet of space is currently operated by World Duty Free, a Dufry company, and will be stocked with familiar products ranging across liquor, tobacco, confectionery, beauty, fashion, accessories, watches and jewelry. The victory is sweet. World Duty Free, acquired by Dufry in 2015 , took the Düsseldorf concession away from Heinemann in January 2013 after 20 years at the airport. Getting it back was always going to be an objective for family-owned Heinemann which … [Read more...] about Dufry Loses Retail Toehold In Germany As Heinemann Returns To Country’s Fourth Busiest Airport

Vivek Sharma of Gulaq Inflation has definitely not peaked out. We might remain in a high inflation regime for much longer, feels Vivek Sharma, Director (Strategy) and Head of Investments at Gulaq, a part of Estee Advisors. Sharma said the point of concern is the possibility of a hard landing of US economy because of the rising interest rates. Higher rates in-turn lead to FIIs pulling out money invested in India at increasing pace. This will have higher impact on stock markets than on economy. So the chances of a bear market are higher than that of a recession, said in an interview to Moneycontrol. Edited excerpts: Do you foresee a recession going ahead given the elevated oil prices? Elevated oil prices is definitely a cause of concern for Indian economy. Oil comprises about 20 percent of our import bill, so this directly impacts our current account deficit and puts pressure on rupee. Close But the bigger concern is the possibility of a hard landing of US … [Read more...] about Daily Voice | Chances of a bear market higher than that of an economic recession: Vivek Sharma of Estee Advisors

Share to Twitter Share to Linkedin Topline A federal grand jury in New York issued subpoenas for members of the board of directors at Digital World Acquisition Corp. (DWAC), the special purpose acquisition company with plans to take former President Donald Trump’s social media site Truth Social public, months after the Securities and Exchange Commission began investigating the blank check company over its planned merger with Trump’s social media platform. Key Facts Shares of DWAC fell more than 9% in pre-market trading after the company disclosed in an SEC filing that a federal grand jury in the Southern District of New York issued the subpoenas. The news comes after the SEC launched a probe in December over claims the blank check company held conversations with Trump Media and Technology Group (TMTG) before going public last year. The subpoenas seek some of the same documents the SEC asked for in its investigation as well as requests … [Read more...] about Shares Of Trump’s Truth Social SPAC Tumble After Federal Grand Jury Issues Subpoenas

- A + A (June 27): Chinese stocks extended gains into a fifth week, bringing them close to a bull market, as investors turned increasingly upbeat amid eased pandemic curbs in Shanghai. Tech shares also rallied in Hong Kong to the highest in nearly four months. The recent rebound in Chinese equities, which started in April while stocks elsewhere were still selling off, is gaining momentum thanks to an improving economic outlook as well as persistent monetary and fiscal stimulus. President Xi Jinping's planned visit to Hong Kong is boosting stocks that would benefit from easing pandemic restrictions such as Macau casinos. The benchmark CSI 300 Index gained 1.1%, adding 4% in three sessions, led by consumer shares, as Shanghai's leader declared victory in defending the financial hub against Covid-19 and will this week allow residents to dine in restaurants in some areas deemed lower risk. Drinks maker Eastroc Beverage Group Co and food supplier Yihai Kerry … [Read more...] about China stocks approach bull market as investors catch up on gains

- A + A KUALA LUMPUR (June 27): Shares of Hengyuan Refining Co Bhd rose on Monday (June 27) in line with the positive broader market sentiment, expectations of higher oil consumption and improved profit margins. Hengyuan closed 35 sen or 7.74% higher at RM4.87 on volume of 2.61 million shares, much higher than the 200-day average volume of 1.4 million. The stock has rebounded 12.21% from last Monday's low of RM4.34. At the current price, the company is valued at RM1.46 billion. When contacted, MIDF Research analyst Imran Yassin Yusof said the general market sentiment was positive on Monday, which gave a boost to oil and gas stocks. "It could also be some bargain hunting activities," he added. Bursa Malaysia's Energy index rose 1.65% or 11.17 points to 688.66 to emerge as second biggest gainer after the Technology index, which was up 2.83% or 1.77 points to 64.39. Thong Pak Leng, vice-president of equity research at Rakuten Trade Sdn Bhd, said high crude … [Read more...] about Hengyuan Refining shares up almost 8% amid positive market sentiment

Share to Twitter Share to Linkedin Topline Investors piled out of cryptocurrency investment funds at a record pace last week after bitcoin plummeted to its lowest level in 18 months, crypto asset management firm CoinShares reported Monday, highlighting the bearishness that's come to a head this month as markets grapple with the Federal Reserve's reversal of pandemic-era stimulus measures. Key Facts Cryptocurrency funds posted net outflows of $423 million last week, eclipsing the prior record of $198 million set as crypto markets tumbled in January and bringing total assets down to $36.2 billion, according to a Monday report by CoinShares. Cash transferred out of bitcoin funds drove the record activity, with net outflows of $453 million—virtually erasing all inflows this year and pushing assets in such funds down to $24.5 billion, the lowest level since the beginning of last year, CoinShares reported. CoinShares' James Butterfill notes … [Read more...] about Crypto Funds Post Record $423 Million Outflows As Bitcoin Plunge Rattles Market

Share to Twitter Share to Linkedin Glastonbury is in the air with both the record-breaking youngest ever headliner, Billie Eilish, and the oldest, Sir Paul McCartney, taking to the stage. Festival goers have splashed the cash on tickets, transport and tents; all of which might paint a picture of positivity when it comes to the UK’s finances. The reality is much more off-key. Consumer confidence is now at its lowest level for years as many face a cost-of-living crisis, with essentials such as food and fuel prices continuing to spiral. GfK data confirms this. The data company's monthly index which ‘checks the temperature’ of consumer confidence decreased by one point , to -41, in June and a record low. The survey which has been running for over forty years, asks consumers how they feel about personal finances and the UK economy. Despite covering past periods of recession and hardship, today’s consumers say they are feeling financial pain like … [Read more...] about Brits Enjoy Summer Of Festivals & Travel Before Increased Economic Worries

"It will be early to assume that the full impact of headwinds (that confront the global and Indian economy currently) are priced in," says Dhananjay Sinha, Managing Director and Head Strategist and Economist - Equity Research at JM Financial Institutional Securities. Gauging the markets using this monitor, JM Financial sees that 30-35 percent of the characteristics of past capitulation are visible as of now, leaving further scope for adjustments. Hence they expect commodity prices to correct further and crude would be the last to collapse, giving rise to a scenario of market capitulation. Thus, the markets may still be afar from a deep value situation, Sinha shares in an interview with Moneycontrol . Excerpts from the interview: Do you think the market fully priced in all these risk factors? Do you see any other risk that the market hasn't factored in yet? While it is true that the market now knows the various risks that confront the global and Indian economy, it will … [Read more...] about Daily Voice | More correction likely as these four risk factors not priced in yet, says Dhananjay Sinha of JM Financial