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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.
UBS has noted a slow recovery in semiconductor end markets for VAT Group shares, indicating that there have been no significant gains in the first and second quarters. This trend suggests ongoing challenges within the sector that may impact future performance.
UBS has maintained a Buy rating on De Grey Mining (DEG:AU) with a price target of AUD2.20, citing promising early-stage results from the Hemi Gold project that indicate potential underground mining and production rates of 200-250 kozpa. The findings suggest opportunities for expanding production and extending the mine's life, although the exploration phase to integrate these results with the existing Detailed Feasibility Study will take several years. UBS also notes that the current share price leaves room for competitive bids, potentially including partial cash offers.
UBS has maintained a Buy rating on De Grey Mining (DEG:AU) with a price target of AUD2.20, citing promising early-stage results from the Hemi Gold project that indicate potential underground mining and production rates of 200-250 kozpa. The findings suggest opportunities for expanding production and extending the mine's life, although the exploration phase to integrate these results with the existing Detailed Feasibility Study will take several years. UBS also notes that the current share price leaves room for competitive bids, potentially including partial cash offers.
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.
Hyperliquid is rapidly emerging as a leader in the decentralized exchange space, capturing over 50% of the decentralized futures trading market. Its unique Layer 1 blockchain, powered by the HyperBFT consensus algorithm, enables high-speed trading with up to 200,000 transactions per second. Analysts predict significant growth potential, with price forecasts ranging from $41.93 to $651.48, driven by its innovative technology and favorable market conditions.
US equities face increased risk following Jerome Powell's hawkish comments, which initially caused a market drop. Despite a slight recovery after lower-than-expected inflation figures, high investor expectations could lead to significant volatility, especially with uncertainties surrounding economic policies and inflation trends.
Bitcoin is currently trading at $98,200 after a recovery from a dip to $92,000, facing a significant resistance zone between $97,500 and $99,800, where 924,000 wallets hold over 1.19 million BTC. Breaking this "brick wall" could lead to new all-time highs, while failure may result in increased selling pressure. Analysts remain cautiously optimistic, watching for potential bullish momentum as Bitcoin tests the critical $100,000 level.
Warren Buffett has invested over $563 million into three assets after selling significant stakes in Apple and Bank of America. His recent purchases include $405 million in Occidental Petroleum, $113 million in Sirius XM Holdings, and $45 million in VeriSign, as Berkshire Hathaway now owns more than 10% of each company.
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