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UBS Group: Maintains 'buy' rating for Hong Kong Telecommunications-SS, raises target price to HKD 12.5.
UBS Group released a research report that raised the target price of HK Telecommunications-SS (06823) from HKD 12.1 to HKD 12.5 and maintained a "buy" rating. The company paid a mid-term dividend of 32.92 cents per share, an increase of 2.7% year-on-year, which is in line with the bank's annual forecast. It is predicted that the current unit price will have a dividend yield of 8.6%. The bank pointed out that HK Telecommunications' service revenue in the first half of the year increased by 2.9% year-on-year to HKD 15.7 billion. The pre-tax and depreciation profit (EBITDA) increased by 2.6% year-on-year to HKD 6.2 billion. Both are roughly in line with market expectations. The net income increased by 1.9% year-on-year.
Interning at a bank is becoming a more popular option for students in Singapore who would rather gain practical experience than continue their studies.
After receiving a six-month internship opportunity from Paris Bank, Jiang Wentao suspended his university studies in Singapore for a semester to seize this rare opportunity. Jiang Wentao, a 24-year-old accounting undergraduate student who started his internship at the bank in March, has suspended his studies for two semesters in order to have more direct exposure to the financial industry. He may graduate later than many of his classmates at the National University of Singapore, as more and more students in Singapore are willing to adjust the timing of their higher education studies in order to accumulate coveted work experience. It even has a name: internship stacking. Jiang Wen
Top 20 U.S. stock trading volume on July 25th: Ford dropped sharply by 18.4%, averaging a loss of 0.3 million per electric vehicle.
On Thursday, Nvidia, the top trading company in the US, fell by 1.72%, marking its third consecutive day of decline with a turnover of 51.53 billion US dollars. Nvidia's partner SMC is reportedly raising 0.95 billion US dollars to stimulate business development with the help of AI server trends. Tesla, ranked second, rose 1.97% with a turnover of 22.201 billion US dollars. UBS Group believes that the profit return of Tesla's AI project is still far away, but the market has given it overly high expectations for its development potential, leading to its stock price far above its reasonable valuation. The bank reaffirmed its "sell" rating on Tesla. Tesla CEO Musk said on Tuesday that Tesla's value lies mainly in its autonomous driving.
If You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,700 Today
UBS: Sands China's second-quarter performance falls short of expectations Macau Londoner's renovation project will continue in the third quarter
According to a research report released by UBS, Sands China (01928)'s property EBITDA for the second quarter was 0.561 billion US dollars, and the adjusted VIP win rate EBITDA was about 0.565 billion US dollars, which is lower than the market forecast of 0.583 billion US dollars. Overall midfield gaming revenue fell by about 3% quarterly to around 99% in the same period in 2019. The bank said that the group's traffic improved in July, and the Macau Londoner renovation project will continue in the third quarter. The project is expected to be completed by the end of this year. The first building of the new Londoner Phase II will be completed before the end of this year, the new casino will be completed in December, and the second building will be 5 next year
On July 23, the top 20 trading volume stocks on the US stock market: Microsoft says the EU should be responsible for this global IT failure.
Tesla, the top traded stock on Tuesday, fell by 2.04%, with a turnover of 24.372 billion US dollars. Tesla reported after Tuesday's closing that its Q2 revenue was $25.5 billion, higher than analysts' expectation of $24.63 billion; adjusted EPS was $0.52, lower than analysts' expectation of $0.60; operating profit was $1.61 billion, lower than analysts' expectation of $1.81 billion; gross margin was 18%, higher than the analysts' expectation of 17.4%; free cash flow was $1.34 billion, lower than analysts' expectation of $1.92 billion; it is expected that the growth rate of sales in 2024 will still decrease significantly; Q3 production is expected to be on a sequential basis.
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