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A South Korean celebrity chef, often compared to Gordon Ramsay, has become one of the world's richest chefs following a 36% surge in his restaurant franchise's trading debut, valuing his stake at approximately $295 million. Paik Jong-won recently gained international attention through Netflix's hit show, Culinary Class Wars, which topped the global charts for non-English titles.
A rising number of German companies are preparing for initial public offerings (IPOs) despite concerns about the sluggish economy. The Frankfurt Stock Exchange has recorded four IPOs this year, raising a total of $2.2 billion, matching last year's figures but significantly lower than in 2021, according to data from Bloomberg.
Recursion Pharmaceuticals Inc (RXRX) is set to release its Q3 2024 earnings on November 6, with revenue expected at $29.84 million and a loss of $0.37 per share. For the full year, revenue estimates have risen to $69 million, with a projected loss of $1.63 per share. Analysts have set a 12-month average price target of $10.14, indicating a potential upside of 53.22% from the current price of $6.62.
Vertex Pharmaceuticals reported Q3 earnings of $4.38 per share, exceeding estimates and showing a year-over-year increase from $4.08. Revenues reached $2.77 billion, surpassing expectations and up from $2.48 billion a year ago. Despite a 15.8% rise in shares this year, the stock holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market.
Dabur is currently trading at 46x/40x on FY26/FY27E P/E, with a 2-3% EPS trim for FY25-27E. Despite a slight miss in Q2FY25 results due to distributor inventory corrections and adverse weather impacting beverage sales, the company anticipates a recovery in revenue growth and stable margins in H2FY25. Analysts maintain a positive outlook, citing favorable risk-reward dynamics following a stock price correction.
The Nasdaq led a significant sell-off in US stocks, dropping 2.7% after earnings reports from Meta and Microsoft raised concerns about rising AI costs impacting profitability. The S&P 500 and Dow also recorded monthly losses, ending a five-month gain streak. Despite initial worries, Amazon's stock rose after it exceeded revenue and earnings expectations, while Apple shares fell slightly due to a one-time charge. Investors are awaiting the upcoming jobs report and the Federal Reserve's policy decision next week.
GoTo Group, Indonesia's largest internet firm, is closely monitored by retail investors for its financial performance, which is presented in interactive charts updated quarterly. Recent changes in reporting, particularly due to Tokopedia's deal with TikTok Shop, have affected the ecommerce metrics, which remain unupdated. The figures reported are based on actual earnings rather than pro forma adjustments, reflecting the company's current financial health.
Larsen & Toubro, Tata Power, and Procter & Gamble are among 77 companies releasing their Q2FY25 earnings today, with analysts noting mixed results leading to a downward revision in growth projections for the Nifty 50 index. L&T is expected to report a 12-19% increase in core profit, while Cipla's net profit rose 15.2% year-on-year, exceeding expectations. In contrast, Maruti Suzuki reported an 18.1% decline in net profit, attributed to tax liabilities and reduced demand for small cars, as market sentiment remains cautious amid ongoing earnings reports.
Swiggy Ltd has set a price band of Rs 371-390 per share for its IPO, which will open for subscription from November 6 to November 8. The total issue size is approximately Rs 11,327.43 crore, with a market capitalization of around Rs 87,299 crore. The IPO includes a fresh issue of Rs 4,499 crore and an offer-for-sale of 17.5 crore shares, valued at Rs 6,828 crore at the upper price band.
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