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RPM International Inc. manufactures and distributes specialty chemicals, including paints, coatings, and sealants, catering to industrial, specialty, and consumer markets. The company operates through four segments: Construction Products Group, Performance Coatings Group, Consumer Group, and Specialty Products Group, offering a range of products from roofing systems to corrosion protection coatings.
Birkenstock Holding plc, through its subsidiary Birkenstock Group B.V. & Co. KG, is a global brand known for its unisex footbed-based products, including popular silhouettes like Madrid, Arizona, and Gizeh. The company boasts a vertically integrated manufacturing process, producing its proprietary footbeds in Germany while assembling most products domestically and in the EU. It effectively manages its distribution through both business-to-business and direct-to-consumer channels, ensuring broad accessibility to its full product range.
Edison International holds a Neutral rating from UBS. The company focuses on the production and distribution of electricity, with its operations divided into two main areas: the production and sale of electricity, and financial services.
Nestle India has hit a 52-week low of Rs. 2147 on December 20, 2024, reflecting a 4.42% decline over the past five days and a 13.81% drop over the year. The stock is underperforming its sector by 0.71% and is trading below all major moving averages, indicating a bearish trend.
Hut 8 has bolstered its Bitcoin holdings to over $1 billion following a $100 million acquisition of approximately 990 BTC, bringing its total reserves to over 10,096 BTC. This strategic move positions Hut 8 among the top 10 corporate Bitcoin holders globally, as the company aims to enhance its financial position and shareholder returns through effective treasury management.
UBS analysts express cautious optimism for stock markets in 2025, noting that six of the seven preconditions for a bubble are met, including earnings pressure and loss of market breadth. The final ingredient, loose monetary policy, is anticipated as the Fed cuts interest rates. UBS suggests investing in sectors like artificial intelligence and electrification, highlighting stocks such as Taiwan Semiconductor Manufacturing and Meta Platforms, while warning that a bubble could lead to significant losses for investors.
Asian indices are set for a mixed open following a hawkish Federal Reserve outlook, with the Nikkei 225 up 0.32% while the ASX 200 and KOSPI decline by 1.12% and 1.28%, respectively. Key economic data, including China's loan prime rate decision and upcoming U.S. core PCE price data, will be closely monitored as they may influence market sentiment and Treasury yields. The ASX 200 is testing support levels, while the Singapore Blue Chip index shows signs of bearish divergence, and the China A50 remains range-bound amid policy uncertainty.
IG
Wesfarmers has sold its industrial gas supplier Coregas as part of a strategy to recycle assets and fund future acquisitions. Despite a cash boost, the company's price-to-earnings ratio has risen to around 32, leading to a 2.5% drop in share price as investors reassess growth prospects. Analysts suggest the firm’s diversified revenue streams offer stability, but caution that high valuations may prompt investors to reconsider their holdings.
IG
IG Holdings experienced a positive share price increase of 0.60%, reaching EUR 11.74 on December 19, 2024, with a market capitalization of EUR 4.2 billion. The company reported a net profit of EUR 307.7 million and a P/E ratio of 9.84 for the year, prompting analysts to recommend urgent action for shareholders.
Carlo Agostinelli has departed from Ghisallo Capital Management in Hong Kong after just over a year, following the loss of his regulatory license. Previously co-head of UBS Group AG’s Asia equity capital markets syndicate, he joined Ghisallo as it sought to expand in a challenging financial environment. The firm, which manages $3.4 billion, has recently seen new entrants in the market amid ongoing changes in the region's financial landscape.

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