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UBS has rated Infineon Technologies AG as 'Buy' with a target price of 41 euros. As a leading semiconductor manufacturer, Infineon's diverse product range serves various sectors, with 50.5% of sales from the automotive industry and significant contributions from power and sensor systems, industrial power control, and networked secure systems. Geographically, the company generates substantial revenue from China, Europe, and the USA.
Hong Kong's private wealth assets under management increased to approximately HK$9 trillion ($1.2 trillion) last year, marking the first growth since 2020. Inflows reached about HK$341 billion, tripling the amount from 2022, although total assets remain significantly below the 2020 peak of HK$11.3 trillion.
Home prices in major Asian markets are projected to rise in 2025, with Hong Kong expected to lead the gains, potentially increasing by up to 10%. Australia’s residential prices are forecasted to grow by 7% to 8%, while Singapore and Japan may see more modest increases of 3% and 2%, respectively.
China Mobile, the largest wireless carrier globally, is in discussions to acquire Hong Kong broadband provider HKBN Ltd. The board of HKBN has received a non-binding proposal from China Mobile Hong Kong Co. regarding a potential cash takeover, with ongoing negotiations about the offer"s terms, including price.
China Mobile, the largest wireless carrier globally, is reportedly in talks to acquire Hong Kong broadband provider HKBN Ltd. The state-backed company is negotiating with HKBN's major shareholders, MBK Partners and TPG Inc., offering at least HK$5 per share, valuing the deal at over HK$6.5 billion ($835 million).
SBI Digital Markets and UBS have launched tokenized money market funds under Singapore's Project Guardian, a blockchain initiative by the Monetary Authority of Singapore. The UBS USD Money Market Investment Fund Token is issued on a public blockchain but is accessible only to accredited investors through authorized partners like DigiFT. Meanwhile, the city of Lugano in Switzerland has issued a CHF 120 million digital bond, continuing its strategy of optimizing debt management through digital finance, although these bonds remain limited to commercial banks.
Asian equities are poised for gains as traders adjust their expectations for a Federal Reserve rate cut next month, impacting US stocks and bolstering the dollar. Australian shares saw modest increases, while Japanese and Hong Kong futures rose, supported by a weaker yen and a strengthening greenback. In early Asian trading, US equity futures dipped slightly.
Switzerland remains a top destination for high-net-worth individuals, with 11% of UAE respondents and 8% from Hong Kong considering relocating assets there. Swiss entrepreneurs show greater optimism about wealth growth, yet 45% cite a lack of confidence in the next generation for succession, with over half lacking plans.
Wealthy individuals in China have emerged as the top art buyers, spending an average of $97,000 in 2023 and early 2024, according to a survey by Art Basel and UBS. France follows with $38,000, while Italy, the UK, and Hong Kong trail behind. Looking ahead, 70% of Chinese respondents plan to acquire more art, with Singapore also showing strong interest at 52%.
UBS has rated Infineon Technologies AG as 'Buy' with a target price of 42 euros. As a leading semiconductor manufacturer, Infineon's diverse product range serves various sectors, with 50.5% of sales in the automotive industry and significant contributions from power and sensor systems, industrial power control, and networked secure systems. Geographically, the company generates substantial revenue from China, Europe, and the USA.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs rates infineon as buy with target price of 41 euros
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10:27 22.11.2024
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23:20 14.11.2024
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09:53 13.11.2024
ubs rates infineon as buy with target price of 42 euros
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11:24 12.11.2024
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