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investor influence in hochdorf signals potential market shifts and strategic realignments
An investor with a 5.623% stake in Hochdorf Holding AG is positioned to influence key corporate decisions, coinciding with UBS"s ambitions for US growth and Nestlé"s strategic insights during its capital markets day. These developments may reshape market dynamics, as UBS navigates the integration of Credit Suisse clients and Swiss trade data alongside Sonova Holding AG’s earnings report provides further economic context.
UBS has increased its target price for Eon from 16 to 16.20 euros, maintaining a "buy" rating. Analyst Wanda Serwinowska highlighted Eon"s strong position in the electricity distribution sector, noting growth potential in the Czech Republic and opportunities arising from regulatory disputes in Germany.
Lemon Tree Hotels shows strong performance amid ongoing renovations and recovery plans
Lemon Tree Hotels reported better-than-expected operational performance with an EBITDA margin of 46.0%, driven by effective cost control and a revenue beat. Management anticipates a significant recovery in the second half of FY25, projecting a revenue/EBITDA CAGR of 11%/21% from FY25E to FY27E. The stock is rated as a BUY with a target price of Rs 158, reflecting a favorable valuation outlook.
Zomato anticipates 30 percent annual growth in food delivery sector
Zomato anticipates a 30% annual growth in its food delivery business over the next five years, holding a 58% market share compared to Swiggy"s 34%. The sector, still in its early stages, is expected to benefit from increased competition and innovation, especially following Swiggy"s recent public listing valued at $12.1 billion.
Helvetica Swiss Living Fund to launch IPO on SIX Swiss Exchange in December
Helvetica"s HSL Fund is set to go public on the SIX Swiss Exchange on December 10, aiming to enhance liquidity and attract a wider investor base. The fund, focused on residential properties in high-growth areas of Switzerland, has a portfolio valued at CHF 525 million and a gross yield of 4.1%. This marks Helvetica"s second fund to be listed, following the Helvetica Swiss Commercial Fund"s debut in 2019.
wiss banks fall short on environmental goals according to wwf ranking
None of the 15 largest Swiss retail banks meet international climate and biodiversity targets, scoring an average of only 2.2 out of 5 in WWF's environmental ranking. While Zurich Cantonal Bank leads the assessment, significant improvements are needed across the sector, particularly in sustainable financial investments and addressing biodiversity impacts. The banking sector's role in financing and crediting remains crucial for climate and nature protection, yet efforts largely focus on climate without adequately considering other environmental issues.
Vinati Organics upgraded to accumulate with target price of 2002 rupees
KR Choksey has upgraded Vinati Organics to "ACCUMULATE" with a target price of INR 2,002, following a strong performance where PAT exceeded expectations by 4.9%. Revenue rose 19.5% YoY to INR 5,533 Mn, with EBITDA growing 27.7% YoY, supported by positive demand recovery and planned capex expected to yield results in H2FY25E and FY26E.
Sony in negotiations to acquire Kadokawa behind Elden Ring success
Sony is reportedly in discussions to acquire Kadokawa, the Japanese media company known for the hit game "Elden Ring." This move aims to enhance Sony"s entertainment portfolio, with a potential deal expected in the coming weeks. Kadokawa"s shares have reached the daily limit of 3,745 yen.
indonesia plans tax amnesty revival to enhance revenue and tax base
Indonesia is set to discuss reviving its tax amnesty program next year as the government aims to enhance state revenue and expand the tax base. The newly-appointed parliament has prioritized a revision of the Tax Amnesty Law, with discussions expected to lead to implementation as early as next year.
K+S shares are currently priced at €11.30, reflecting an increase of €0.14 or 1.26%. UBS AG has issued a "Sell" recommendation for K+S, indicating a cautious outlook for the stock moving forward.