{ }
UBS has maintained a Neutral rating on Sumitomo Corp, raising its target price slightly from JPY 3,490 to JPY 3,530, reflecting a minor adjustment in the price-to-book ratio. The firm acknowledges profit accumulation in key sectors like infrastructure and energy transformation but warns that stagnant earnings from troubled projects and political uncertainties may hinder cost of equity reduction. Investors are advised to monitor the company's strategic initiatives closely, as these will significantly impact return on equity and share valuation.
UBS has maintained a Neutral rating on Sumitomo Corp., raising the price target from JPY3,490 to JPY3,530, reflecting a slight adjustment in the company's price-to-book ratio. The firm highlights potential ROE growth from Sumitomo's core sectors, including infrastructure and energy transformation, but warns that stalled earnings from problematic projects and policy uncertainties may hinder stock valuation improvements. Investors are advised to closely monitor the company's strategic initiatives and their effects on financial performance.
UBS has maintained a Neutral rating on Sumitomo Corp., raising the price target from JPY3,490 to JPY3,530, reflecting a slight adjustment in the company's price-to-book ratio. The firm highlights potential ROE growth from Sumitomo's core sectors, including infrastructure and energy transformation, but warns of challenges from stalled projects and policy uncertainties that may hinder stock valuation. Investors are advised to closely monitor the company's strategic initiatives and their effects on financial performance.
UBS has lowered its price target for Toyota Industries to ¥14,600 from ¥16,600 while maintaining a Buy rating, citing a slower-than-expected recovery in forklift sales. The firm anticipates changes in the relationship between Toyota Motor and its suppliers by 2025, leading to a projected profit growth acceleration in the next 6 to 12 months. However, revised earnings forecasts indicate a 5% decrease in estimated EPS for the fiscal year ending March 2025 and a 2% drop for the following year.
UBS has lowered its price target for Toyota Industries from ¥16,600 to ¥14,600 while maintaining a Buy rating, citing a delayed recovery in forklift sales and a revised outlook for near-term earnings. The firm anticipates a shift in supplier relationships by 2025, projecting profit growth in the next 6 to 12 months despite a 5% reduction in estimated earnings per share for the fiscal year ending March 2025.
Wall Street will have a half-day session on December 24, closing early at 1 p.m. (EST) ahead of Christmas, when the NYSE and Nasdaq will be closed. Motilal Oswal recommends an overweight strategy on banks and IT, with Zomato and ICICI Bank as top picks, while the market cap of the top 10 companies has shrunk by ₹4.95 lakh crore, heavily impacting TCS and Reliance. Zomato's stock has surged over 43% in six months, outperforming the Sensex, and is expected to remain in focus as market triggers like F&O expiry and global cues influence trends this week.
The PUK report on the Credit Suisse debacle fails to address the critical issue of character, attributing the bank's downfall more to a toxic mindset than to insufficient capital. Key figures, including Chairman Urs Rohner, exemplified a culture of greed and recklessness, leading to disastrous consequences. The report highlights systemic failures by regulatory bodies but overlooks the profound impact of leadership on the bank's fate.
The Parliamentary Commission of Inquiry into the UBS case reveals significant failures in the handling of Credit Suisse, highlighting a lack of lessons learned from the 2008 UBS crisis. Key issues include ineffective regulatory oversight, excessive bonus payouts amid losses, and a negligent response from Swiss authorities, culminating in a questionable sale to UBS without a viable strategy for future banking crises. The report fails to provide solutions for preventing another financial disaster, leaving taxpayers vulnerable.
Karin Keller-Sutter, the current Finance Minister, criticized her predecessor Ueli Maurer for a "less than optimal" handover amid the Credit Suisse crisis, which was deemed self-inflicted. She noted that there was no discussion about the handover and that she never met Maurer after taking office, despite his assurances of stability. Keller-Sutter defended her communication with the Federal Council, asserting she informed them adequately about the bank's issues shortly after her transition to the Finance Department.
Federal Councillor Karin Keller-Sutter stated that the new understanding on bilaterals III is "significantly better" than the previously rejected Framework Agreement, aiming to stabilize relations with Brussels. She also addressed accusations regarding the Federal Council's knowledge of UBS's takeover of Credit Suisse, asserting that she informed the government adequately during her transition to the Finance Department. Additionally, she noted that Switzerland's annual cohesion contribution of 350 million francs is about 100 million francs less than Norway's.
rsi
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.