China Resources Beverage: Stabilization of price actions and the end of the price stabilization period.
China Resources Beverage (02460) announced that the stable price period for the global offering ended on November 17, 2024 (Sunday) (i.e. 30 days after the deadline for submitting the Hong Kong public offering application). The stabilization activities undertaken by UBS AG Hong Kong Branch or any person acting on its behalf during the stabilization period are as follows: (1) A total of 52.1738 million shares were over-allocated in the international offering, representing the total number of shares available for subscription under the preliminary allocation for the global offering before any exercise of oversubscription rights.
Peering Into UBS Gr's Recent Short Interest
UBS's European Investment Banking Boss Eyes Growth, Hires After Credit Suisse Integration -- Financial News
SBI Digital Markets, UBS Asset Management, and Chainlink Complete Pilot For Automated Fund Administration and Transfer Agency Using Smart Contracts
Market Chatter: UBS Reportedly Seeks US National Bank License
The managing director of UBS Group's hedge fund solution is reportedly leaving.
According to informed sources, Adolfo Oliete, who is responsible for global research in the hedge fund department of ubs group, will leave the bank, coinciding with a complete reorganization of the company's alternative investment team. According to his LinkedIn profile, he has worked for more than 12 years at this swiss franc bank; Oliete is a managing director and also oversees the department's Asia-Pacific investment business. Due to the discussion of undisclosed matters, the informed sources requested anonymity. ubs group declined to comment. Oliete did not immediately respond to requests for comments. The bank headquartered in Zurich announced in June the establishment of a $250 billion unified global alternative investment fund.
Morgan Stanley: The upward trend of investment banks in the usa after the election is expected to continue.
J.P. Morgan believes that this momentum will continue in the short term, supported by a favorable stock market and crediting trade environment so far in the fourth quarter.
J.P. Morgan Sees Investment Banks' Post-election Momentum Continuing
This Little-Known AI and Games Company Is Worth $100 Billion. How Did We Miss It?
ubs group: assigns bosideng a "buy" rating with a target price of 5.92 Hong Kong dollars.
UBS Group released a research report stating a "buy" rating on Bosideng (03998), believing that the valuation is attractive, and expecting a 13% average annual growth rate in net income for the fiscal years 2025 to 2026, with a dividend yield of 7%. Although its growth potential is higher, the current trading price is still below the industry median, with a target price of 5.92 Hong Kong dollars. The bank expresses optimism towards Bosideng's diversified business strategy, involving outdoor and sun protection products, aimed at capturing sales growth in the summer and autumn over the long term. The bank expects this strategy to enhance the company's profit stability, reduce its dependence on winter, and potentially boost.
UBS Group: assigns a "buy" rating to Cathay Pac Air with a target price of 10.8 HKD.
Ubs Group released a research report stating a 'buy' rating for Cathay Pac Air (00293), still considering Cathay Pac Air as one of the preferred stocks in the Asia-Pacific aviation sector, with a target price of 10.8 Hong Kong dollars. Following Cathay Pacific Aviation's recent repurchase of warrants, it is now being recommended to repurchase the 6.7 billion yuan convertible bonds due in 2026 based on factors such as market conditions, investor demand, and dealer management agreements. Assuming a conversion price per share of 7.92 yuan, and full conversion, the dilution of equity may be as high as 12%. The bank expects a positive market reaction to Cathay Pacific's planned repurchase of convertible bonds. From a fundamental perspective, the bank believes that the market is undervaluing the Cathay Pac Air.
Market Chatter: UBS Fills Investment Banking Roles
Here's How Billionaire Ken Fisher's Hedge Fund Made $14 Billion Last Quarter
Crude oil in the USA rose on Thursday, but the market outlook remains pessimistic.
Crude oil futures rose slightly on Thursday, with the benchmark oil trading price in the usa at about $69 per barrel, but market outlook remains pessimistic. According to the International Energy Agency's monthly market report, global crude oil supply is expected to exceed demand by 1 million barrels per day next year, driven by strong growth in the usa. As of the time of this report, the price of West Texas Intermediate (WTI) futures for December delivery on the New York Mercantile Exchange rose by 49 cents, or 0.7%, to $68.92 per barrel. Year-to-date, this futures has fallen more than 3%. As the global...
Swiss Regulator Issues Strategies to Oversee Banks' Operations
Full text | Bilibili Q3 earnings conference transcript: In the first nine months, nearly 2.7 million content creators earned income on Bilibili.
On the evening of November 14, Beijing time, bilibili (NASDAQ: BILI; HKEX: 9626) released its financial report for the third quarter of 2024, ending September 30: total net revenue was 7.31 billion yuan, a year-on-year increase of 26%. The net loss was 79.8 million yuan, narrowing by 94% year-on-year. Adjusted net income, not in accordance with Generally Accepted Accounting Principles in the usa, was 0.2359 billion yuan, while the net loss in the same period last year was 0.8635 billion yuan. After the financial report was released, bilibili's chairman and CEO Chen Rui, vice chairman and chief operation officer Li Ni, and CFO Fan Xin, along with other company executives, attended the event.
European Investment Banks Set to Benefit From U.S. Activity, JP Morgan Says -- Market Talk
Tencent executives interpret Q3 financial report: the success of games like "Black Myth: Wukong" reflects the full utilization of the advantages of different studios' global strategy.
Tencent (HKEX: 00700) released its financial report for the third quarter of 2024 ending on September 30th today: revenue was 167.2 billion yuan, an 8% year-on-year increase. Net income was 53.2 billion yuan, up 47% year-on-year. Under non-International Financial Reporting Standards, net income was 59.8 billion yuan, up 33% year-on-year. After the financial report was released, Tencent's chairman and CEO, Ma Huateng, president Liu Chiping, chief global strategy officer James Mitchell, and CFO Lo Shuohan, along with other company executives, held a conference call to interpret the key points of the financial report and answer questions from analysts. The following...
Sector Update: Financial Stocks Edge Higher Premarket Wednesday
UBS Hires Ryan Lurie to Lead Arizona Wealth Management Market