{
}
Citigroup has lowered its price target on Micron Technology to $120 from $150 while maintaining a Buy rating. Micron specializes in semiconductors, with a diverse product range including memory products and systems, and generates significant sales from IT infrastructure, mobile devices, and storage media. The company operates 11 manufacturing sites globally, with the majority of its net sales coming from the United States.
Barclays has raised its price target on Micron Technology to $115 from $110 while maintaining an overweight rating. Micron specializes in semiconductors, with a diverse product range including memory products and systems, and generates significant sales from IT infrastructure, mobile devices, and storage media. The company operates 11 manufacturing sites globally, with the majority of its net sales coming from the United States.
WeLab Bank, after taking time to establish itself in Hong Kong, is now expanding into Southeast Asia with the launch of Bank Saqu in Indonesia and plans for Thailand. The bank, which partners with major firms like Apple and Tesla, aims to replicate its success in the region.In other news, Australian startup BetterFleet raised US$23.7 million in a series A round to enhance its digital tools for electric vehicle transitions. Meanwhile, Zeno Health in India has introduced a rapid medicine delivery service following its US$25 million funding, and Xpeng plans to mass-produce humanoid robots and flying cars by 2026.
Northern Trust Asset Management has been awarded the 2025 LSEG Lipper Award for Best Equity Large Fund Group in Europe, recognizing its strong risk-adjusted performance over three years. With $1.3 trillion in assets under management, the firm emphasizes its commitment to serving global investors and adapting to market changes. Michael Hunstad, deputy chief investment officer, expressed pride in this recognition and the importance of Europe to their business strategy.
HSBC has upgraded China Resources Power Holdings from Hold to Buy, raising the price target to HK$22 from HK$19.10, driven by a positive outlook for its renewable energy segment. Despite a reduction in net profit forecasts for 2025 and 2026, the company is expected to benefit from declining coal prices and potential asset spin-offs. Conversely, UBS downgraded the stock to Neutral, slashing its target to HK$18 due to anticipated challenges, including a significant tariff cut and reduced coal power utilization.
JPMorgan has upgraded its outlook for HSBC Holdings, predicting it will outperform Standard Chartered and other Hong Kong banks, while likely underperforming Chinese state-owned banks. The firm raised its forecasts for fee income and net profit for 2025-2027 by 2-4% and increased the target price from $108 to $115, maintaining an Overweight rating.
PING AN Co-CEO Michael Guo expressed enthusiasm for HSBC HOLDINGS' stock price rebound and the strategic direction under CEO Georges Elhedery. He supports Elhedery's overhaul plan, emphasizing that any reforms should enhance shareholder value, and noted the recent stock performance as healthy.
Goldman Sachs, Hong Kong FMI Services, and Moody's Ratings have joined the Global Synchronizer Foundation, enhancing the Canton Network's decentralized financial infrastructure. This collaboration aims to support the growing demand for tokenized assets and ensure privacy, control, and interoperability in financial markets. The GSF, backed by the Linux Foundation, promotes transparent governance and innovation within the ecosystem.
HSBC Holdings plans to issue SGD800 million in 5% Resettable Perpetual Subordinated Contingent Convertible Securities on March 24. The initial conversion price is set at SGD4.6675 per share, allowing conversion into approximately 171 million ordinary shares, which will represent about 0.96% of the enlarged issued share capital. The net proceeds from this issuance are expected to be SGD792 million.
HSBC Holdings plans to issue SGD800 million in perpetual subordinated contingent convertible securities. The offering aims to enhance the bank's capital position, although potential investors are advised to consult professional financial advice due to inherent investment risks.
HKG
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
citigroup lowers microns price target to 120 while maintaining buy rating
11:26 21.03.2025
barclays raises price target on micron technology to 115 dollars
11:26 21.03.2025
weLab Bank expands into southeast asia while australian startup secures funding
United States Dollar
Apple Inc.
Tesmec S.p.A.
XPeng Inc.
Tesla, Inc.
THA
IDN
HKG
AUS
ARE
IND
Elon Musk
Simon Loong
Show more
10:30 21.03.2025
northern trust asset management wins lseg lipper award for best equity fund group
United States Dollar
Northern Trust Corporation
IRL
HKG
AUS
USA
JPN
Michael Hunstad
Camilla Greene
Simon Ansell
Joanne Zalatoris
Show more
10:00 21.03.2025
hsbc upgrades china resources power to buy with new price target
08:05 21.03.2025
JPMorgan raises HSBC target price amid mixed outlook for Hong Kong banks
07:09 21.03.2025
ping an supports hsbc's reform plan amid stock price rebound
03:00 21.03.2025
goldman sachs and moody's join global synchronizer foundation for decentralized finance
02:36 21.03.2025
hsbc holdings to issue 800 million in perpetual subordinated securities
01:14 21.03.2025
hsbc holdings plans to issue 800 million singapore dollars in securities
01:14 21.03.2025
Trending
Subcategory
Corporate News
Industry Trends
Startups & Entrepreneurship
Global Trade Developments
Retail and Consumer Goods
Supply Chain Management
Stock Market Updates
Government Economic Policies
Private Equity Deals
Fintech Startups
Industry Mergers & Acquisitions
AI Innovations
Funding Rounds & Investments
Energy Sector Developments
Venture Capital Investments
AI Applications
IPOs & SPACs
Emerging Startups
CEO Changes
Global Trade Policies
Countries:
Companies:
Apple Inc.
Google Inc.
NVIDIA Corp
Tesmec S.p.A.
Amazon.com, Inc.
The Goldman Sachs Group, Inc.
Mastercard Inc
SWIGGY LIMITED
Tesla, Inc.
Ripple USD USD
Microsoft Corp
Visa Inc.
Micron Technology, Inc.
SAP SE
Ather Energy Ltd.
GLOE Inc.
Microsoft Corporation
Alphabet Inc.
Concrete Credit Limited
Mistral 1
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Japanese Yen
British Pound Sterling
Saudi Riyal
United Arab Emirates Dirham
New Zealand Dollar
Thai Baht
Vietnamese Đồng
Canadian Dollar
Indonesian Rupiah
South Korean Won
Malaysian Ringgit
Brazilian Real
Swiss Franc
Qatari Riyal
Bangladeshi Taka
Kuwaiti Dinar
People: