The S&P 500 Is Set for Back-to-Back 20% Gains. What History Says Happens Next. -- Barrons.com
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Full text | Meituan Q3 earnings conference transcript: The total investment in the "Dining Merchant Support Initiative" is 1 billion yuan.
Meituan (HKEX: 3690) released its financial report for the third quarter of 2024 today: revenue was 93.6 billion yuan, an increase of 22.4% year-on-year. Net income was 12.9 billion yuan, compared to 3.6 billion yuan in the same period of 2023; adjusted net income under non-International Financial Reporting Standards was 12.83 billion yuan, a year-on-year increase of 124.0%. After the financial report was released, Meituan's chairman and CEO Wang Xing, along with senior vice president and CFO Chen Shaohui, participated in a subsequent analyst conference call to interpret the financial report. The following is a transcript of the Q&A session during the conference call: Citic Securities analyst Ya Jiang: I
Goldman Sachs Group (NYSE:GS) Is Due To Pay A Dividend Of $3.00
Goldman Sachs: Rates Hua Hong Semiconductor as a "buy", with a target price of 31.3 Hong Kong dollars.
Goldman Sachs released a research report stating that the target price for hua hong semi (01347) is 31.3 Hong Kong dollars, with a "buy" rating. The hua hong management is optimistic about the demand for all major products in 2025 and expects strong performance this year (CIS, RF, PMIC) to continue strong momentum next year, with the microcontroller unit (MCU) and power discrete devices seeing a recovery. The report mentions that hua hong's phase-two 12-inch wafer fab is scheduled to start production in the first quarter of 2025, and the company will gradually increase production and adjust the pace according to market demand. The group expects pricing for existing wafer fabs to remain stable due to
Wall Street macro traders see worst annual performance since the epidemic outbreak.
Global banks' forex and interest rate trading revenue is expected to hit the lowest level since the pandemic, influenced by narrowing profit margins and a challenging macroeconomic environment. According to data collected by Coalition Greenwich, Goldman Sachs, JPMorgan, Citigroup, Morgan Stanley, and over 250 other companies' G-10 interest rate trading is projected to collectively generate 32 billion USD in revenue, while forex trading revenue is expected to be 16.7 billion USD, representing year-on-year reductions of approximately 17% and 9%, respectively. Investor confidence in making significant macro trading views has declined this year, as unexpected economic data has undermined expectations of interest rate cuts from major global central banks.
Goldman Sachs To Go Ex-Dividend On December 2nd, 2024 With 3 USD Dividend Per Share
Behind the influx of hedge funds into japanese companies is the undervalued real estate worth 165 billion dollars.
Global hedge funds and private equity firms are flocking to Japanese companies in hopes of unlocking up to 25 trillion yen (165 billion USD) in undervalued real estate assets. The hidden value of real estate on corporate balance sheets has become a theme behind some large activist investor actions and merger and acquisition trades that have emerged in Japan this year. The latest case is the USA company Elliott Investment Management announcing that it holds 5.03% of Tokyo Gas shares, with reports last week estimating that Elliott values the latter's real estate investment portfolio at around 1.5 trillion yen — almost.
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Institutional Investors Control 71% of The Goldman Sachs Group, Inc. (NYSE:GS) and Were Rewarded Last Week After Stock Increased 4.1%
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Goldman Sachs: Maintains 'Neutral' rating on China Tower, target price raised to 1.16 Hong Kong dollars
Goldman Sachs issued a research report stating that China Tower (00788) has a 'neutral' rating, with a slight downward revision of up to 1.4% in the revenue forecast for the company from this year to 2026, to reflect the slowing revenue growth of the telecommunications tower business due to price declines, and raised the target price from HK$1.15 to HK$1.16. The bank expects China Tower's outlook to be stable, with next year's revenue growth expected to stabilize at 4%, net profit expected to grow by 12%, dividend per share expected to be 4.9 RMB, equivalent to a 15% year-on-year increase or a distribution of 79% of profit. The bank points out that despite facing the challenge of aging receivables, China Tower's cash flow prospects.
The rise in stock prices has triggered a chain reaction! Deutsche Bank warns that major Wall Street firms may reduce share buybacks.
Deutsche Bank stated that US bank stocks have rebounded since the end of September.
Goldman Sachs: OPEC+ production cuts may support a slight short-term increase in oil prices.
Goldman Sachs stated that under compliance with the OPEC+ production cut agreement, the crude oil production in Iraq, Kazakhstan, and Russia has decreased, supporting a slight short-term increase in Brent crude oil prices. The investment bank said in a report on Tuesday that due to the recent drop in oil prices, Saudi Arabia is more likely to extend oil production cuts. We now believe that oil production cuts will continue until April 2025, instead of January. Goldman Sachs maintains its expectation of an average price of $76 per barrel for Brent crude oil in 2025. "Any production increase actions by OPEC+ will be gradual and data-driven," Goldman Sachs said.