Analysts are upgrading Cisco at several firms lately, most recently Bank of America on Monday. Tal Liani, who bumped up his rating on the networking hardware provider to Buy from Neutral. Liani writes that he expects to see Cisco’s growth rate reaccelerate, driven by the artificial intelligence-related buildout of Ethernet networks, an expanding security products portfolio, and synergies from the acquisition of software company Splunk.
China has built up a $170bn (£135bn) stockpile of gold after a record buying spree, in a move that has raised fears Beijing is preparing its economy for a possible conflict over Taiwan.
With tourists struggling to access the two primary digital payment apps, Alipay and WeChat pay, Beijing has put measures in place to make cash payments easier
The Federal Reserve’s policy committee will confer on Tuesday and Wednesday, with officials likely to confirm a cautious and gradual approach to changing interest rates in 2024. The Fed’s balance sheet plans may get more attention. The Federal Open Market Committee will conclude the two-day meeting on Wednesday.
It looks like Sheng Siong Group Ltd ( SGX:OV8 ) is about to go ex-dividend in the next 3 days. The ex-dividend date...
The fintech saw strong growth from its Hong Kong ePension project while its digital bank division attracted higher deposits. The post iFAST’s Dividend Climbs 30% as its Latest Quarter Net Profit Leaps 387%: 5 Things Investors Need to Know appeared first on The Smart Investor.
Depending on the prices at which the shares are repurchased, the buyback programme could take more than a year to be completed.
The impairment provisions would lead to the telecom giant reporting a net loss for the second-half period and a lower net profit for the full-year ended March 31, 2024, according to Singtel. Shares of Singtel were down 2.5% during Monday midday at S$2.35 per share, underperforming the broader benchmark stock index's 0.2% decline. "Singtel highlighted that this won't impact its dividend which is based on 70% to 90% of the underlying net income while the non-cash impairment charges will be booked as one offs," Maybank Research analyst Hussaini Saifee wrote in a research note on Monday.
Singapore Telecommunications on Monday forecast non-cash impairment provisions of S$3.1 billion ($2.28 billion) for second-half of 2024 which would lead to the telecom giant reporting a net loss for the period. The company also warned that it would report a lower net profit for the full-year ended March 31, 2024. About S$2 billion of the total impairment provision originates from its mobile network operation unit, Optus' goodwill, Singtel, Southeast Asia's largest telecom operator, said in its filing.
Tech giant Huawei's first-quarter profits surged over fivefold year-on-year, a company filing showed Tuesday, as the US-sanctioned firm continues a rebound and bit into competitor Apple's sales in China.Net profit in the January-March period amounted to $2.7 billion, up 564 percent from the first quarter of last year, according to a results filing by Huawei's holding company on an official website and confirmed by a representative of the firm.
Here are four Singapore stocks you can keep a lookout for in May. The post 4 Singapore Stocks to Watch for in May appeared first on The Smart Investor.
In this article, we discuss what is an annuity for retirement and 15 dividend stocks to buy instead. You can skip our detailed analysis on the subject, and go directly to read What is an Annuity for Retirement? 5 Dividend Stocks to Buy Instead. For many Americans approaching retirement age, one of the most significant […]
HONG KONG (Reuters) -Shares of Chinese property developers rallied on Monday on speculation more stimulus measures are likely to be unveiled this week aimed at clearing inventory, boosting sales and lifting home purchase restrictions. Hong Kong's Hang Seng Mainland Properties Index jumped 4.3% in the morning session, while mainland China's CSI 300 Real Estate Index surged 6.9%, both to near four-month highs. Private property developers including Sunac China, and defaulted Shimao Group, KWG Group, Zhenro Properties, Fantasia and Kaisa Group, all gained more than 20%.
With its stock down 11% over the past three months, it is easy to disregard CapitaLand Investment (SGX:9CI). It is...
Major Chinese electric carmaker BYD reported lower-than-expected revenue for the first quarter of 2024 on Monday, as an aggressive domestic price war and Western regulatory pressure weighed on the company's growth.Its profit in the first quarter was 4.57 billion yuan, up 10.62 percent from a year ago, BYD said on Monday.
A 53-year-old trucker named Donny called into "The Ramsey Show" asking Dave Ramsey and co-host Dr. John Delony for advice on finding a way out of his distressing circumstances. Donny's initial admission set the tone. “I'm 53 years old, have absolutely nothing for retirement, I'm $50,000 in debt, and I want a divorce,” he said. Don't Miss: The shocking amount the average American would save by now if they started an account in 2010 with today’s high yield savings rates will make you run to open y
Your net worth is more than just the balance in your bank account. It's a measure of your financial health. For You: Mark Cuban Reveals Why He Keeps a Strict Budget EverydayTry This: 6 Unusual Ways To...
The Zacks Mining - Gold industry's near-term prospects are bright, as gold prices are expected to gain. One can watch stocks like AEM, GFI, AU and HMY, backed by their growth prospects.
In this article, we will take a detailed look at the latest stocks Jim Cramer is recommending. If you want to skip our detailed analysis and see the top 5 stocks in this list, click Jim Cramer is Recommending These 5 Stocks Heading Into May 2024. Jim Cramer is concluding April by talking about some specific […]
Investors marked time ahead of the Fed's rate decision, with earnings from Amazon on deck to test prospects for a Big Tech-fueled bump.
China's manufacturing activity expanded at the fastest pace in 14 months in April, driven by a solid uptick in new export orders, a private survey showed on Tuesday, an encouraging sign for an economy still struggling to mount a robust recovery. The Caixin/S&P Global manufacturing PMI rose to 51.4 in April from a 51.1 the previous month, marking the fastest pace since February 2023 and above analysts' forecasts of 51.0. Data including industrial profits, retail sales and property sales suggest China might struggle to meet its GDP growth target of around 5.0% for 2024, a goal analysts have described as ambitious.
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