MS240726P101000
- 0.09
- -0.45-83.33%
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Express News | Gains Reflect Increasing Client Demand for Integrated Services Across Multiple Asset Classes - Barclays Exec
Express News | Exclusive-Barclays Breaks Into Top 5 Ranking by Revenue for Global Prime Brokerage - Data
Morgan Stanley: Holcim's China Operations to Put Damper on Q2 Results
DBS: Reiterates bullish outlook on oil tanker shipping stocks, with target price of HKD 11.1 for Cosco Ship Engy.
Morgan Stanley released a research report stating that the short-term stock price adjustment caused by seasonal factors has basically ended and reiterated its bullish outlook on crude oil shipping stocks. It also pointed out that there is potential for an increase in crude oil production in the fourth quarter of this year, which will be a positive catalyst for the fundamentals. It also reiterated its 'shareholding' rating for COSCO Shipping Energy Transportation Co., Ltd. (01138) and raised its target price from HKD 10 to HKD 11.1. The report states that the crude oil tanker market has been less volatile this year than last year due to weak demand. Although the high point of the spot market in the first quarter of this year is lower than the same period last year, the second quarter is historically the off-season, and crude oil tanker freight rates are still far above the industry breakeven level, exhibiting stronger performance compared to traditional boom cycles.
Deutsche Bank: Treating the sell-off of ASMPT as an opportunity to attract market entry, maintaining shareholding with a target price of HK$130.
According to a research report released by Daiwa, they maintain a "shareholding" rating for ASMPT (00522) with a target price of HKD 130. They pointed out that the stock has been sold off to attract entry opportunities, and they expect a seasonal recovery in the fourth quarter. Combining the second-quarter performance and third-quarter guidance, the report lowered the company's earnings per share forecast for this year to the next year by 45%, 33%, and 19%, respectively, to reflect the long-term weakness of the mainstream tool market. The report stated that ASMPT's second-quarter performance was below expectations, and the third-quarter revenue guidance was to fall by 6.4% quarterly, which was 17% and 20% lower than the bank's and the market's expectations, respectively. The bank previously expected the mainstream market to recover mildly.
Morgan Stanley Capital Partners Completes Acquisition of American Restoration
SK Hynix's quarterly revenue growth has more than doubled, benefiting from strong demand for AI computing power.
SK Hynix has announced that its second-quarter revenue has more than doubled, and that its capital expenditures for the year may exceed previous plans, possibly indicating that the global AI hardware spending spree could continue this year. SK Hynix is an important partner of Nvidia's AI computing chip. The company reported quarterly revenue of 16.4 trillion won ($11.9 billion), better than expected, with high-bandwidth storage chip revenue up more than 250%. Boosted by rising DRAM and NAND prices, operating profit for the three months ending in June also exceeded expectations, reaching 5.47tn won with an operating margin of 33%. SK Hynix said,
IPOs Line Up in Wall Street's Busiest Week of 2024
Express News | Morgan Stanley: Additional Investors Include Mark Britto, Former Cpo at PayPal, & Aurum Partners
Express News | Morgan Stanley - Gary Marino to Join Sokin Board
Express News | Morgan Stanley Expansion Capital Acquires Stake in Global Payments Fintech Sokin
Deutsche Bank Adjusts Price Target on Morgan Stanley to $105 From $95, Maintains Hold Rating
Credit Suisse: Maintains a 'shareholding' rating for ASMPT with a target price of HKD 130.
Morgan Stanley released a research report stating that it is bullish on ASMPT (00522)'s growing advanced packaging business and maintains its 'shareholding' rating with a target price of HKD 130. The report stated that the company's second quarter performance was below expectations, with revenue of 3.342 billion yuan, 4% higher than the bank's and market's expectations. Net profit was 0.135 billion yuan, 25% and 34% lower than the bank's and market's expectations, respectively. Based on the median, the company expects third quarter revenue to decline 6.4% quarter-on-quarter, lower than the bank's and market's expectations by 17% and 20% respectively. The company still sees a bright future for advanced packaging in the short term, and believes that the semiconductor mainstream business will take longer to recover.
Musk prioritizes AI over electric cars, market anticipates Tesla's financial report.
This year has proven that Elon Musk is capable of leading Tesla Inc.'s stocks into and out of trouble. Even by Tesla's standards, this period has been tumultuous. The CEO has worked to gain more control over the company, abandoned $0.025 million electric cars, and ordered massive layoffs. As of April 23, the day Tesla last announced earnings, these unstable events caused the stock to plummet 43%. Since then, Tesla's stock price has been rising, although the company's performance is not encouraging.
Turkey maintains its interest rate in the case of lira surplus and closely monitors the liquidity situation.
The Central Bank of Turkey stated that it will focus on accumulating lira liquidity, as it extends the time of maintaining interest rates to the fourth month. On Tuesday, the Monetary Policy Committee, led by Governor Fatih Karahan, kept the one-week repo rate unchanged at 50%, in line with analysts' forecasts. The central bank reiterated that the offset of liquidity "will be actively implemented" and other tools will be used "when necessary". The 10-year lira government bond prices rose as of 4:01 pm Istanbul time.
Morgan Stanley: BNP Paribas' Q2 Results to Beat Estimates on Divisional Success
Lenders Tout a New Way to Transfer Risk, but Why Bother? -- Heard on the Street -- WSJ
Morgan Stanley has appointed Huss and Watson as joint executives for the company's strategy and execution.
According to an internal memorandum, Morgan Stanley has appointed Min Huss and Anjelica Kelly Watson as co-heads of strategy and execution for the company. They succeed Sebastiano “Sid” Visentini, who has stepped down from the position, and will be responsible for providing advice on acquisitions for Morgan Stanley as well as developing growth strategies and other initiatives. Huss has been working in this department for the past 8 years, focusing on driving the company's strategic growth agenda. The memorandum shows that Watson recently served as Executive Chairman James P.
Overnight News: Biden's withdrawal may short-term exacerbate market volatility. Executives from multiple US companies, including Apple, appeared in Beijing. Standard Chartered said it is difficult for Trump to devalue the US dollar.
For more global financial news, please visit our 24/7 real-time financial news market close: Biden's withdrawal from the election pushed US stocks higher, with Nasdaq rising 280 points. Top 20 US stock turnover on July 22: Musk said Tesla robots are expected to be mass produced in 2026. On Monday, US WTI crude oil fell 0.4% to its lowest level in a month. Popular China concept stocks rose across the board on Monday, with Taiwan Semiconductor up 2.2% and Alibaba up 1.8%. Major European stock indices rose collectively, with the EURO STOXX 50 index up 1.44%. Macro view: Biden's withdrawal may short-term exacerbate market volatility! Trump's trade may temporarily cool off, offering emerging markets breathing space. Harris is
$1000 Invested In Morgan Stanley 10 Years Ago Would Be Worth This Much Today