Last Tuesday, Appenzeller Kantonalbank hosted its inaugural Financial Forum, attracting around 100 guests, including customers and employees. Renowned journalist Jens Korte discussed the current U.S. economic landscape and its implications for Europe and Switzerland, followed by an engaging expert dialogue with Simon Lustenberger, moderated by Thomas Brägger. Participants actively engaged with the experts, fostering valuable discussions during a subsequent drinks reception.
09:12 25.10.2024
Last Tuesday, Appenzeller Kantonalbank hosted its inaugural Financial Forum, attracting around 100 guests, including customers and employees. Renowned journalist Jens Korte discussed the current U.S. economic landscape and its implications for Europe and Switzerland, followed by an engaging expert panel featuring Simon Lustenberger, moderated by Thomas Brägger. Participants actively engaged in discussions and networked during a drinks reception, gaining valuable insights into pressing economic issues.
09:12 25.10.2024
Ramkrishna Forgings has reported an adjusted PBT of Rs 126.3 crore, aligning with estimates, though APAT fell short due to increased tax provisions. The company maintains a volume growth guidance of 15-20% in the near term. Sharekhan reiterates a Buy rating with a revised target price of Rs 1111, citing strong diversification strategies and a commitment to high operating profit margins. The stock is currently trading at a P/E of 25.7x and an EV/EBITDA of 13.3x based on FY27E estimates.
UBS Group's Relative Strength Rating has improved from 70 to 74, indicating a positive shift in its technical performance. The stock remains within a buy zone after surpassing a 32.13 buy point, despite reporting a significant -96% EPS growth in its latest quarterly results, while sales grew by 38%. The company ranks No. 8 in the Banks-Money Centers industry group, with its next earnings report expected around October 30.
09:00 25.10.2024
The financial crisis lessons seem forgotten as banks like Credit Suisse and regional US banks falter without effective resolution plans. Unicredit's proposed acquisition of Commerzbank raises concerns about systemic risk and state liability, as governments increasingly rely on large banks for financing green initiatives and managing national debt. This intertwining of states and banks could burden taxpayers in future crises.
09:00 25.10.2024
Switzerland is in a strong economic position, with a debt estimated at 39% of GDP, significantly lower than that of the US, France, and Germany, according to Federal Councillor Karin Keller-Sutter at the IMF and World Bank meeting. She emphasized the need for coordinated international measures to address the challenges posed by large banks and rising defense spending amid geopolitical tensions. The IMF forecasts moderate global growth of 3.2% this year, with declining inflation in many countries attributed to central bank policies.
09:00 25.10.2024
The diagnostic testing market is poised to nearly double by 2033, driven by an aging population and rising chronic conditions. Increased cases of sexually transmitted infections and climate-related diseases highlight the urgent need for innovation in laboratories. As regulatory standards tighten, labs that adopt new technologies will enhance operational margins and remain competitive.
Bikaji Foods International, the third largest ethnic snacks manufacturer in India, saw its stock surge 10% following strong Q2 earnings. The company is also recognized as the second fastest-growing entity in the Indian organized snacks market, bolstering its international presence in Indian snacks and sweets.
UBS has maintained its "Buy" rating for Mercedes-Benz Group, setting a target price of 72 euros following the release of quarterly figures. While profitability in the car division aligned with UBS's forecasts, it fell short of consensus estimates. However, solid free cash flow and a positive outlook for the fourth quarter were confirmed.
08:45 25.10.2024
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