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UBS Private Wealth Management Hires Zachary Sobel in Palm Beach Gardens
Deutsche Bank Maintains UBS Group(UBS.US) With Buy Rating, Cuts Target Price to $40.96
BofA Securities Maintains UBS Group(UBS.US) With Hold Rating, Maintains Target Price $36.87
SSY GROUP was granted a Shareholding of 0.098 million shares by UBS Group at a price of approximately 3.33 Hong Kong dollars per share.
According to the latest information from the Hong Kong Stock Exchange, on February 20, UBS Group increased its shareholding in SSY GROUP (02005) by 198,000 shares, at a price of HKD 3.3349 per share, totaling approximately HKD 0.6603 million. After this increase, the latest number of shares held is approximately 0.266 billion, with the latest shareholding ratio being 9%.
On Wednesday, the Crude Oil in the USA fell by 0.4%.
In the early morning of the 27th, Peking time, US WTI Crude Oil fell on Wednesday. An unexpected increase in US fuel inventories indicates weak demand, and a potential peace agreement between Russia and Ukraine further pressured oil prices. The price for West Texas Intermediate (WTI) crude for April delivery on the Exchange fell by $0.31, a decrease of nearly 0.45%, closing at $68.62 per barrel. The US Energy Information Administration (EIA) reported on Wednesday that despite increased refining activity leading to a decrease in crude oil inventories, last week US RBOB Gasoline...
UBS Group states that the global oil market remains "tight" due to the supply discipline of OPEC+.
UBS Group stated that the Global Crude Oil Product market remains tight, with OPEC+ aiming to maintain market balance. Strategist Giovanni Staunovo indicated in a report on February 25 that, given the insufficient market supply and the presence of spot premiums, oil prices are expected to reach $80 per barrel by the end of the second quarter, third quarter, and fourth quarter. Brent crude is currently priced at about $75 per barrel. The strategist noted that OPEC+'s supply discipline is key to explaining why supply is not as loose as many market participants expect. The strategist added that, at the same time, there is uncertainty surrounding the next steps of tariffs and sanctions by the Trump administration.
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