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Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Shares of Tube Investment rose sharply on June 24 after Motilal Oswal Financial Services initiated coverage on the stock with a ‘buy’ rating and set a price target of Rs 1,900, implying an upside of 25 percent over the next 12 months. “Tube Investments offers diversified revenue streams, with strong growth in the core business, ramp-up in CG Power and optionality of new businesses incubated under TI-2 strategy,” the brokerage said in a note on June 24. It believes that the new strategy of the company could be a trigger for rerating in the future as the company looks to reinvest its cash flows to seed new platforms for long term growth and acquire stressed assets. At the same time, the company’s existing business in engineering, metal formed products, cycles and others will continue to be … [Read more...] about Tube Investments soars as Motilal Oswal Financial slaps ‘buy’ tag on company after starting coverage

- A + A KUALA LUMPUR (June 24): Paragon Globe Bhd is buying three pieces of freehold agriculture plots in Plentong, Johor, for RM38.08 million to be developed into a "well-conceptualised" commercial area that it believes will enhance its future revenue and earnings. In a bourse filing, the group said the plots — measuring 10.86 ha — are being bought by its wholly-owned Paragon Platinum Sdn Bhd, which has inked the respective sale and purchase agreements with the vendors — Singaporeans Lim Thiam Seng and Lim Yok Sing and two companies linked to them, Eng Foo (Lim) Enterprise Sdn Bhd and Heng Foo Lim Enterprise Sdn Bhd — for the proposed acquisition. “The board is of the view that the proposed acquisition would provide Paragon Globe the opportunity to create greater economic value and increase the earnings potential of the company over the medium to long term as the lands have promising development potential,” it said. “The lands are strategically located at the … [Read more...] about Paragon Globe buys three plots in Johor for RM38m for commercial development

Share to Twitter Share to Linkedin Topline With oil prices down this month, billionaire investor Warren Buffett is once again buying the dip by adding to one of his favorite energy stocks, as his investing conglomerate Berkshire Hathaway purchased roughly $500 million worth of Occidental Petroleum shares this week. Key Facts Buffett’s Berkshire Hathaway purchased roughly 9.5 million shares of Occidental over the past week at a cost of nearly $530 million, according to a new regulatory filing late on Wednesday. After a buying spree that started in late February, Buffett’s investing conglomerate now owns roughly 152 million shares of Occidental—a 16.3% stake worth nearly $8.5 billion that makes Berkshire by far and away the largest shareholder in the energy giant. Shares of Occidental Petroleum failed to rally on the news Thursday, but it remains one of the best-performing stocks this year, rising over 90% thanks to the massive spike in oil … [Read more...] about Warren Buffett Adds To Massive Stake In Occidental Petroleum, Buying The Dip After Oil Prices Drop

Cryptocurrency has quickly grown in popularity, with 16% of Americans reporting they have used or invested in it, according to research by Pew. While fortunes have been made over the last several years by investing in cryptocurrencies, recent declines in the market have cost investors hundreds of billions of dollars. If you are looking to invest in crypto and don't have the cash, can you borrow against your home's equity to do it? Yes, but read this first. Key Takeaways You can use money from a home equity loan for any purpose you wish, including investing. For borrowing to invest to make sense, your investment needs to grow at an interest rate greater than the one you're paying on the loan. Cryptocurrencies are an extremely volatile asset class and gains aren't guaranteed. If you can't pay back your home equity loan, you could lose your home to foreclosure. How Home Equity Loans Work A home equity loan allows you to borrow against the equity you've … [Read more...] about Can I Use a Home Equity Loan To Buy Crypto?

Share to Twitter Share to Linkedin Average Credit Card Interest Rates Have Topped 20% Rising interest rates have pushed the annual percentage rates on credit cards to new highs. The average annual percentage rate on a new credit card is now more than 20%, according to LendingTree’s tracker. It’s the first time that rates have topped 20% since the tracker began in 2018. And rates are poised to go even higher across the board. Credit card balances reached $841 billion in the first three months of the year, according to a report from the Federal Reserve Bank of New York. In the same timeframe, 229 million people opened new credit card accounts, an increase from the previous quarter. [ CNBC ] Inflation Causing 85% Of Americans to Adjust Their Essential Purchases You don’t have to follow the news to know inflation is raging. Inflation in May 2022 was up 8.6% from the past twelve months. A quarter of respondents selected that they only have a little … [Read more...] about This Week In Credit Card News: Average Card Interest Rate Tops 20%; Inflation Wrecking Personal Budgets

Ray Dalio - A + A (June 23): Billionaire investor Ray Dalio said it's naive for anyone to think the Federal Reserve's plan to raise rates quickly to quell inflation will "make things good again." It's simply not how the economic machine works, Dalio wrote on LinkedIn on Wednesday, Market Insider reported. "While tightening reduces inflation because it results in people spending less, it doesn't make things better because it takes buying power away," he wrote, Dalio, who is the founder of Bridgewater, the world's largest hedge fund with more than $150 billion assets under management, added: "It just shifts some of the squeezing of people via inflation to squeezing them via giving them less buying power," Market Insider reported. Siow Chen Ming … [Read more...] about Market Insider: Billionaire investor Ray Dalio says it’s naive to think the Fed’s rate hikes ‘will make things good again’

- A + A KUALA LUMPUR (June 24): Bursa Malaysia ended the last day of the week on a higher note, with buying interest seen mainly in technology and healthcare stocks and selling in plantation counters, said a dealer. At 5pm on Friday (June 24), the benchmark FBM KLCI settled 5.65 points, or 0.39%, higher at 1,436.70 from Thursday’s close at 1,431.05. The key index, which opened 0.25 of a point higher at 1,431.30, fluctuated between 1,431.30 and 1,440.73 throughout the day. On the broader market, gainers beat losers 519 to 345, while 405 counters were unchanged, 1,020 untraded and 10 others suspended. Total turnover expanded to 2.46 billion units worth RM1.47 million from 2.34 billion units worth RM1.56 billion on Thursday. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the KLCI trended higher due to bargain-hunting activities amid improving sentiment across the region. "The key regional markets continued to trend higher following … [Read more...] about Bursa ends on higher note

Shabu (crystal methamphetamine) | INQUIRER.net stock image LEGAZPI CITY — Anti-narcotics operatives arrested two drug suspects and seized P27,200 worth of “shabu” (crystal meth) in a buy-bust operation in Naga City, Camarines Sur, on Friday afternoon. Master Sergeant Tobias Bongon, Naga City police spokesperson, said Mark Christian Casaul, 28, and Christian Sarion, 21, were arrested in Barangay Balatas at around 1:15 p.m. Bongon said both suspects were on the illegal drugs watch list in the city. Authorities recovered seven sachets of shabu from the duo. RELATED STORY Daet cops accost man for grave threat but nab him over unregistered gun Subscribe to our daily newsletter … [Read more...] about P27,200 worth of ‘shabu’ seized in Naga City

Representative image Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Shares of fast-moving consumer goods companies saw hefty buying on June 24 on the perception that ongoing decline in global commodity prices could improve profitability of these companies going ahead. FMCG companies had come under pressure earlier this year as rising prices of commodities, such as wheat, crude palm oil and others, led to fears of continued decline in margins of these companies. In the quarter ended March, most FMCG companies reported a year-on-year decline in their margins due to high input price inflation. However, recent decline in global commodity prices due to rising concerns over demand in the West and the government’s efforts to contain prices of key imports like edible oils have helped ease concerns around margins of these companies. … [Read more...] about FMCG stocks surge on easing concerns over margins

Share to Twitter Share to Linkedin In the borough of Brooklyn, nestled between a Jewish day school and a kosher restaurant, is a parcel of land measuring seventy-one feet long and six inches wide. The lot was purchased in a municipal auction by a real estate developer in 1954. Not much has happened since. The only development has been the placement of a wooden plank in the ground, creating a fence that is as narrow as the property and as overweening as the reach of property rights in New York City. The fence was recently removed by the artist Niloufar Emamifar, opening the parcel to rodents and other small animals. This modest act of resistance, which is commemorated by the display of the plank at MoMA PS1, is a fitting point of entry into a stimulating new group exhibition called Life Between Buildings . Artists have recognized the vitality of interstitial spaces in New York City for at least half a century. One of the first to explore this realm in … [Read more...] about Is Every Sidewalk A Forest? A New MoMA PS1 Exhibit Reveals The Unexpected Natural Habitats Of New York