Emkay Global Financial maintains a "BUY" rating on Gulf Oil Lubricants, setting a target price of Rs 1,800. The company is expected to achieve an 8% core volume CAGR from FY24-27, supported by a strong EBITDA margin of 13-14%, driven by premiumization and strategic marketing initiatives. Gulf Oil's expansion into EV charging aims to significantly boost revenue, with a target of Rs 5-7 billion annually over the next five years.
The FTSE MIB faces pressure amid concerns over Donald Trump's tariff threats, testing crucial support at 33,000 points after a 6% decline since mid-October. A rebound could target 35,000 points, with the market's direction hinging on global economic trends and potential political shifts in Germany.
09:06 27.11.2024
BMW's earnings per share plummeted to €0.63 from €4.21 year-on-year, with revenue down 15.74% to €32.41 billion, reflecting ongoing challenges in the automotive sector. The company's stock has also seen a significant decline, trading at €67.26, well below its 52-week high of €115.35. Despite these setbacks, analysts maintain a positive outlook, with Bernstein Research rating BMW as "Outperform" and setting a target price of €86.
09:06 27.11.2024
Volkswagen AG is exiting its operations in Xinjiang amid investor concerns over human rights abuses. The company will sell a small plant in Urumqi to a state-owned entity and extend its partnership with SAIC Motor Corp. for another decade, until 2040.
Emkay Global Financial has maintained a REDUCE rating on LTIMindtree, setting a target price of Rs 6,100. At an analyst meet, LTIM highlighted its strategic focus on AI, which is driving recent deal wins and aims for a revenue target of USD 10 billion, alongside a goal of 17-18% EBITM. With discretionary spending still low, clearer visibility for FY26 revenue growth is expected as clients finalize budgets post-US elections.
Qantas Airways Limited operates as a major airline in Australia, providing international and domestic air transport services, cargo services, and a frequent flyer program. Its segments include Qantas Domestic, the leading carrier in the Australian market, Qantas International targeting premium customers, Jetstar Group for budget travel, and Qantas Loyalty for consumer programs. The airline is recognized for its in-flight Wi-Fi and upgrades in domestic lounges, enhancing the travel experience for its passengers.
09:01 27.11.2024
Qantas Airways Limited, an Australian airline, operates both domestic and international air services, cargo services, and a frequent flyer loyalty program. Its segments include Qantas Domestic, Qantas International, Jetstar Group, and Qantas Loyalty, catering to various markets and customer needs. The airline is recognized for its comprehensive service aimed at business travelers and premium holidaymakers.
09:01 27.11.2024
Proposed cuts to Switzerland's international aid budget, aimed at reallocating funds for defense and Ukrainian reconstruction, threaten vital humanitarian projects worldwide. NGOs warn that these reductions, alongside a freeze on future spending, could severely impact the most vulnerable populations, exacerbating global crises.
Bper Group and First Cisl have reached an agreement to renew health care and ancillary coverage for 2025-2027, benefiting employees and their tax-dependent family members. The deal includes provisions for occupational accidents, long-term care, and increased contributions to supplementary pensions for new hires. Union representatives expressed satisfaction with the negotiations, highlighting the importance of welfare in the banking sector.
Sanofi has inaugurated a $595 million vaccine facility in Singapore, the only one outside France, designed for rapid adaptability in vaccine production. The Modulus plant can switch between different vaccines in days and will create around 200 jobs, enhancing pandemic preparedness. This facility is part of a broader €900 million investment to develop two new evolutive vaccine facilities globally over five years.
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