Market Climbs on CPI Inflation and Likelihood of Rate Cuts | Livestock

Kevin Travers6minutes ago

KBW Maintains Citigroup(C.US) With Buy Rating, Maintains Target Price $82

Moomoo News05:32 ET · Ratings

Citi: Maintains ND PAPER's "Neutral" rating, with the Target Price lowered to HKD 3.7.

Citi has released a research report stating that it is maintaining its earnings forecast for ND PAPER (02689), but has lowered its Target Price from 4.3 Hong Kong dollars to 3.7 Hong Kong dollars, believing that the opportunities for profit improvement are limited in the current environment. The firm expects the four major paper companies in China to continue expanding their production capacity despite low profitability, as it is easier for companies to obtain permits in provinces or cities in China. The firm maintains a 'neutral' rating for ND PAPER and LEE & MAN PAPER (02314).

新浪港股03:17 ET

Bain Capital has increased its Quote for the acquisition of Fujifilm Holdings Corporation Unsponsored ADR Software.

According to informed sources, Bain Capital is increasing its bid for the Japanese information technology company Fujifilm Holdings Corporation Unsponsored ADR, extending the bidding war with the American private equity giant KKR. Sources say that the Boston-based investment firm plans to acquire Fujifilm Holdings Corporation Unsponsored ADR at a price of 9,600 Japanese yen per share. This is 1.6% higher than KKR's offer of 9,451 Japanese yen per share, valuing Fujifilm Holdings Corporation Unsponsored ADR at approximately 647 billion yen (about 4.3 billion USD). This move by Bain Capital comes less than two weeks before KKR's acquisition bid for Fujifilm Holdings Corporation Unsponsored ADR expires on December 19.

Global Market Report01:07 ET

Proxymity Launches Vote Connect Global With Citi Securities Services

C00:00 ET

Citi Cuts ESG Analyst Jobs as Research Group Trimmed

The Edge Markets21:23 ET