UBS has increased its target price for AAK to 375 SEK, up from 365 SEK, while reaffirming its takeover offer. AAK publ AB, based in Sweden, specializes in food processing, refining vegetable oils for various sectors, including food ingredients, chocolate and confectionery fats, and technical products. The company also operates Kamani Oil Industries Pvt Ltd. as a majority-owned subsidiary.
10:05 28.11.2024
Grit Real Estate Income Group Ltd. is set to raise $100 million for its property development efforts across Africa, with significant backing from the Public Investment Corp., which manages approximately 3 trillion rand ($165 billion) for South Africa's Government Employees Pension Fund. The fund is providing a $48.5 million cash injection specifically for Grit's Gateway Real Estate Africa unit, which will oversee all property development outside South Africa.
Harvey Norman Holdings Limited is an Australian company involved in integrated retailing, franchising, and real estate, operating across several countries including New Zealand, Singapore, and Ireland. Its diverse activities encompass the sale of furniture, electronics, and consumer products, alongside property investment and leasing for its franchisees. The company’s segments include various retail operations, property development, and equity investments, catering to a wide range of consumer needs.
10:01 28.11.2024
Harvey Norman Holdings Limited, an Australian company, operates across integrated retail, franchising, real estate, and digital systems. Its activities include selling furniture, bedding, and electrical goods in multiple countries, alongside real estate investments and consumer credit services. The company features various segments, including franchising and retail across several regions.
10:01 28.11.2024
UBS has reduced its price target for Vestas from 245 to 175 Danish crowns while maintaining a "Buy" rating. Analyst Supriya Subramanian noted that disappointing margins in recent quarters and the US presidential election results are now reflected in the stock price, although earnings forecasts for 2024 to 2026 have been significantly lowered.
10:01 28.11.2024
Milwood Hobbs, Managing Director and Head of Sourcing & Origination at Oaktree, discusses the complexities of credit investing, particularly in private credit where deal sourcing is challenging. He shares insights on how he receives deal offers and evaluates opportunities based on his extensive experience in leveraged finance.
Most economists anticipate a 25-bps interest rate cut in February 2025, with the probability now at 60%, down from 68% in October. Confidence has waned due to rising geopolitical uncertainties, high inflation, and stable growth, while the likelihood of a December cut has dropped to 0%.
Indian equity markets experienced a sharp decline on Thursday, with the Sensex plummeting 1,208 points (1.51%) to 79,025 and the Nifty falling 358 points to 23,916. The selloff in IT and auto stocks, coupled with global economic concerns and traders unwinding positions ahead of derivatives expiry, contributed to the downturn. Investors are closely monitoring upcoming GDP data and US Fed minutes for further insights.
The Dow Jones Industrial Average surpassed 45,000 for the first time, marking a significant milestone amid steady gains since the election. The S&P 500 has returned to 6000, with support seen at 5865, while the Nikkei 225 remains stable at 38,000, needing to close above 39,000 to target 40,000.
IG
09:44 28.11.2024
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