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Huawei is set to report 2024 earnings of $118 billion, marking its highest revenue since 2020, driven by increased smartphone and AI server sales. Despite ongoing Western sanctions and efforts to remove its technology from communication networks, the company has successfully tapped into alternative markets, particularly in China. Meanwhile, an EU corruption scandal involving lobbying efforts to ease restrictions on Huawei's access to 5G networks is under investigation.
Morgan Stanley Investment Management has announced a portfolio management change for the Morgan Stanley China A Share Fund, Inc. In other news, Indian equities continued to rise, driven by gains in banks and energy stocks, while Citigroup adjusted its price target on Morgan Stanley to $125, maintaining a neutral rating. Additionally, Morgan Stanley raised its GDP growth forecast for China in 2025.
BYD is considering establishing its third European car assembly plant in Germany to enhance brand awareness, despite concerns over high labor and energy costs. Currently, the company is building two NEV plants in Hungary and Turkey, with production set to start in October 2024 and March 2026, respectively. The final decision on the new plant will depend on sales performance in Europe and the capacity utilization of existing facilities.
Belgian police have conducted multiple raids as part of a corruption investigation linked to Huawei's lobbying efforts within the European Parliament since 2021. Several individuals, suspected of bribing current and former members to promote Huawei's interests, have been detained, with operations extending to Portugal and France. The investigation highlights allegations of discreet corruption practices, including excessive gifts and compensation for political positions, prompting a strong response from Huawei, which maintains a zero-tolerance policy towards corruption.
EFG International reported a record profit of 321.6 million Swiss francs for 2024, a 6.1% increase from the previous year, and plans to raise its dividend by 9% to CHF 0.60 per share. The bank also announced the acquisition of Geneva-based Cité Gestion, expected to close in the second half of 2025, which will enhance its presence in Switzerland and is projected to be accretive to earnings per share from 2026.
Uber Technologies, Inc. operates in multiple regions, focusing on Mobility, Delivery, and Freight services. Institutional investors hold 80.24% of its stock, while analysts maintain a "Moderate Buy" rating, with a consensus target price of $90.89. Recent price targets from UBS and other firms reflect a range of $95.00 to $107.00.
European slaughter pig prices have mostly stabilized, with declines noted only in France and Italy. Germany's market faces pressure due to foot-and-mouth disease affecting exports, while Austria sees improved conditions thanks to strong tourism. The EU average price continues to decline, down 1.6% from the previous week.
FDM Group shares (LON: FDM) have seen a significant decline, dropping 24.59% in early 2025 and 47.88% over the past year. Deutsche Bank has cut its price target from 360 GBp to 275 GBp while maintaining a Hold rating, reflecting cautious optimism amid a challenging market. The stock, currently trading at 239.50p, has fallen over 80% since September 2021, as it seeks support in a fluctuating environment.
Barclays has increased its target price for Tele2 AB to SEK 145 from SEK 135, maintaining an Overweight rating. Tele2, a major European telecommunications operator, generates 72.6% of its net sales from end-user services, with significant revenue coming from Sweden (76.6%), Lithuania (13.3%), Latvia (6.8%), and Estonia (3.3%).
UBS has increased its target price for Swedbank to 264 SEK and reaffirmed its takeover offer. Swedbank operates primarily in retail banking, generating 80% of its revenue, with significant operations in Sweden and the Baltic States, while also engaging in investment banking and asset management. By the end of 2023, the bank expects to have 1,230.4 billion SEK in deposits and 1,782 billion SEK in loans, supported by a network of 408 branches.
LVA
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
huawei reports strong earnings recovery amid ongoing western sanctions
16:41 28.03.2025
Morgan Stanley announces management changes for China A Share Fund
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13:46 24.03.2025
byd considers third european plant in germany amid tariff challenges
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10:46 17.03.2025
Belgian police conduct raids in EU bribery probe linked to Huawei
19:38 14.03.2025
efg international reports record profit and acquires private bank in geneva
07:40 19.02.2025
uber technologies faces price target cuts amid mixed analyst ratings
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08:00 04.02.2025
european slaughter pig prices stabilize amid varying trends across countries
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06:43 03.02.2025
FDM Group shares decline as Deutsche Bank cuts price target to 275 GBp
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10:00 31.01.2025
Barclays increases Tele2 target price to 145 SEK maintaining Overweight rating
06:24 30.01.2025
ubs raises swedbank target price and reiterates takeover offer
10:38 24.01.2025
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