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Wealth managers in Hong Kong are ramping up hiring to accommodate a surge in mainland Chinese clients seeking offshore investments and residency options. With private wealth net inflows nearly tripling to HK$341 billion in 2023, banks like UBS and Julius Baer are expanding their teams and services to cater to this growing demand. Amid geopolitical concerns and economic challenges in China, affluent individuals are increasingly looking to diversify their assets and secure better opportunities abroad.
UBS Group shares fell below the 20-day moving average at EUR 30.39 on December 13, 2024, marking a short-term downtrend despite a long-term uptrend since September 26, 2024, with a 10.74% increase. The stock is currently 7.60% above the 200-day line, with a potential upside of 2.44% towards the 12-month high of 31.13.
UBS Group AG is a holding company that provides a range of financial management solutions across several segments, including Global Wealth Management, Personal and Corporate Banking, Asset Management, and Investment Banking. The Global Wealth Management segment offers investment management and estate planning, while Personal and Corporate Banking focuses on retirement and financing solutions. The Investment Bank segment facilitates capital raising and trading, and the Non-Core and Legacy segment manages pre-acquisition assets and liabilities.
UBS Group AG has seen a 36.6% increase in stake from Inspire Trust Co. N.A., now holding 104,417 shares valued at $3.23 million. The bank reported a quarterly EPS of $0.43, surpassing estimates, with a revenue of $19.31 billion, significantly above expectations. Analysts currently rate UBS as a "Moderate Buy," with three hold and three buy ratings.
UBS Group AG has acquired a 6.74% stake in Revolution Beauty Group PLC, indicating potential confidence in the company's market position and strategic direction. Revolution Beauty, known for its affordable and innovative cosmetics, has experienced a year-to-date price decline of 52.62%, with a current market cap of £48.39M.
UBS Group AG has acquired a 6.74% stake in Revolution Beauty Group PLC, indicating potential confidence in the company's market position and strategic direction. Revolution Beauty, known for its affordable and innovative cosmetics, has faced a year-to-date price decline of 52.62%, with a current market cap of £48.39M.
14:07 13.12.2024
Technology is revolutionizing organ transplantation, addressing the critical shortage of viable organs. The Organ Care System (OCS) keeps organs in a metabolically active state, significantly increasing utilization rates and reducing post-transplant complications. With over 103,000 patients waiting in the US, advancements like the OCS are essential for saving lives and improving outcomes.
Technology is revolutionizing organ transplantation, addressing the critical shortage of viable organs. The Organ Care System (OCS) keeps organs in a metabolically active state, significantly increasing utilization rates and reducing post-transplant complications. With over 103,000 patients awaiting transplants in the US, advancements like the OCS are essential for saving lives and improving outcomes.
Prime Capital Investment Advisors LLC and Arkadios Wealth Advisors have increased their stakes in Amcor, now owning 18,961 and 25,597 shares, respectively. Institutional investors hold 45.14% of the stock. Amcor has received a "strong-buy" upgrade from UBS Group, with a consensus rating of "Moderate Buy" and an average price target of $11.20.
Analysts have made several notable adjustments to their recommendations and price targets for various companies. Allianz sees a downgrade from Jefferies, while Euronext and Fnac Darty receive upgrades. Kering remains underweight, and UBS Group's rating shifts from Outperform to Neutral. Other companies like Lonza and Soitec also see target price increases.
08:39 13.12.2024
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