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UBS has adopted a selective approach to real estate stocks, favoring those with strong growth potential, pricing power, and solid cash flows. The firm sees opportunities in companies with profitable pipelines and attractive yield gaps, while noting that Japanese developers are performing well, but REITs face challenges from rising interest costs. In Europe, short-term uncertainties persist, yet gradual improvements are expected, particularly in the US and Australian markets, while Hong Kong developers may benefit from stabilizing fundamentals in mainland China.
Protests against Elon Musk and Tesla are escalating globally, with over 200 demonstrations planned, including nearly 50 in California. Organizers, part of the Tesla Takedown movement, accuse Musk of undermining democracy and public services, urging supporters to boycott Tesla and divest from its stock. As protests grow, Tesla's stock has plummeted over 35%, significantly impacting Musk's net worth.
JPMorgan Chase & Co. has reduced its voting power in Paladin Energy Ltd from 8.74% to 6.32%, as reported in a recent notice. This change may influence the company's shareholder dynamics and market positioning, potentially affecting investor confidence and strategic decisions.Paladin Energy operates in the energy sector, focusing on uranium production and exploration, which is vital for nuclear energy. The company's year-to-date price performance has seen a decline of 32%, with an average trading volume of 186,251.
Dan Neary, Meta’s Asia-Pacific head, is stepping down after 12 years with the company for personal reasons, with plans to stay on for a few months to ensure a smooth transition. Neary joined in 2013 and played a key role in expanding Meta's presence in Australia, Greater China, and Southeast Asia, significantly boosting user bases and ad revenue in the region. His departure coincides with Meta's increased focus on AI investments under CEO Mark Zuckerberg, and a successor has yet to be named.
Goldman Sachs has revised its forecast for a rate cut by the Reserve Bank of Australia, moving it from April 1 to May 20. All 39 economists surveyed by Reuters anticipate that the cash rate will remain unchanged at 4.10% during the upcoming meeting on April 1.
Goldman Sachs has revised its forecast for a rate cut by the Reserve Bank of Australia, moving it from April 1 to May 20. The RBA is expected to maintain the cash rate at 4.10% during its upcoming meeting on March 31 and April 1, as all 39 economists surveyed anticipate no change.
Foxconn will hold a seminar in Japan on April 9 to present its electric vehicle (EV) strategy, targeting local automakers and suppliers. Jun Seki, the company's chief EV strategy officer and a former Nissan executive, is set to speak at the event. This follows Foxconn's recent agreement with Mitsubishi Motors to produce EVs for Oceania, marking its first outsourcing deal with a Japanese automaker and indicating a potential shift in Japan's automotive landscape amid rising competition from Chinese manufacturers like BYD.
AustralianSuper, the largest superannuation fund in Australia, has divested its US$580 million stake in WiseTech Global due to governance concerns following the return of founder Richard White as executive chairman and the resignation of four independent directors. A review revealed that White misled the company regarding personal relationships and settled a dispute for US$2 million, while also purchasing a property for an employee. Despite these issues, WiseTech remains attractive to investment analysts, with 14 buy recommendations, although its shares have fallen over 30% since the board changes.
PsiQuantum, a Silicon Valley quantum computing startup, has raised over US$750 million, boosting its valuation to US$6 billion. The Australian government has invested US$940 million in the company, which is developing a photonics-based quantum computer and plans to build a facility in Brisbane by 2027. BlackRock leads the funding round, with participation from major investors including Microsoft’s M12 and Temasek.
Australian VC firm Microequities has acquired a 19% stake in Melbourne-based Global IT Factory, a curriculum management software provider, through its pre-IPO fund. This investment marks the company's first external funding since its inception a decade ago. Global IT Factory, which holds a 22% market share in Australia and New Zealand, plans to utilize the funds for product development and market expansion.
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ubs adopts selective approach to real estate stocks amid market uncertainties
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11:56 28.03.2025
global protests against elon musk planned at over 200 tesla locations
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11:30 28.03.2025
JPMorgan reduces stake in Paladin Energy impacting shareholder dynamics and market position
10:23 28.03.2025
Meta's Asia-Pacific head Dan Neary departs after 12 years of service
04:48 28.03.2025
goldman sachs revises rba rate cut forecast to may 20
03:02 28.03.2025
goldman sachs revises rba rate cut forecast to may 20
03:02 28.03.2025
Foxconn to unveil electric vehicle strategy at Japan seminar
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08:20 27.03.2025
AustralianSuper divests 580 million stake in WiseTech over governance issues
05:30 27.03.2025
PsiQuantum secures 750 million funding raising valuation to 6 billion
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05:10 27.03.2025
Microequities acquires 19 percent stake in Global IT Factory for growth
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