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Japanese shares tumble as US tariffs cloud global economic outlook; automakers skid
Updates with mid-day closing prices TOKYO, Feb 3 (Reuters) - Japanese shares fell more than 2% on Monday, with automakers leading the decline, as concerns over the global economy mounted following U.S. President Donald Trump's tariffs on Canada, Mexico, and China. The Nikkei .N225 was down...Reuters
Feb 3, 2025
BUZZ-Resmed's Australia shares fall; Macquarie hikes PT
** Healthcare technology co Resmed's Australia-listed shares RMD.AX fall 2.7% to A$39.105, on track for worst session since Oct. 29, 2024 - if current losses hold** Stock tracks a sell-off in broader market .AXJO, which is down 1.7% .AX** Meanwhile, Macquarie hikes PT to A$45.10 from A$41.10, si...Reuters
Feb 3, 2025
GLOBAL MARKETS-Stocks slump, dollar soars as Trump tariffs trigger trade war fear
Updates with Hong Kong market openAsia Pacific stocks, US futures fall as Canada, Mexico threaten to retaliateTrump slaps 25% tariffs on Canada, Mexico; 10% levy on ChinaUS dollar hits record high vs yuan; peso, Canadian dollar tumbleHang Seng drops 1% on return from holiday; mainland markets shut B...Reuters
Feb 3, 2025
INDIA STOCKS-India's benchmark indexes set to track Asian peers lower on trade fears
Feb 3 (Reuters) - India's benchmark indexes are expected to open lower on Monday, likely following the trend of Asian peers, after U.S. President Donald Trump's tariffs on Canada, Mexico and China spurred concerns of a broad trade war.The GIFT Nifty futures GIFc1 were trading at 23,366.5, as...Reuters
Feb 3, 2025
Japanese shares tumble as US tariffs cloud global economic outlook; automakers skid
Updates with comments TOKYO, Feb 3 (Reuters) - Japanese shares fell 2% on Monday, led by automakers, as worries grew about the global economy after U.S. President Donald Trump imposed tariffs on Canada, Mexico and China.The Nikkei .N225 had declined 2.1% to 38,757.43 by 0127 GMT, while the broade...Reuters
Feb 3, 2025
Unveiling the 100-Billion Giant China Hongqiao: An Exceptional Value Pick Among Industry Peers
Recently, China Hongqiao (01378.HK) has ignited a new wave of market enthusiasm with its consecutive large-scale share buybacks.From January 15 to January 17, China Hongqiao conducted share buybacks for three consecutive trading days, spending a total of HKD 87.58 million to repurchase 7.59 million shares. This move immediately won enthusiastic responses from the market. China Hongqiao's stock price increased by more than 5 percentage points in two consecutive trading days, with investors casting their votes through turnover which exceeded HKD 1 billion.China Hongqiao, a leading electrolytic aluminum company with a market value exceeding HKD 120 billion, which initiated this new round of share buybacks, has sent a strong signal to the market that the company's value is significantly underestimated by the market.From market feedback, the company's buyback action has become a new engine for its valuation improvement.Buybacks Demonstrate Confidence, Catalyzing New Momentum for Valuation GrowthChina Hongqiao has already clarified in its announcement regarding the reason behind this round of buybacks: The current stock price deviates from the company's value, and further share buybacks may be considered depending on market conditions. According to the share buyback authorization resolution, China Hongqiao can repurchase up to 948 million shares. It can be boldly predicted that the company will continue to conduct share buybacks in the future.Regarding the purpose of the share buybacks, China Hongqiao clearly stated that the action is for cancellation. While listed companies' share buyback purposes include equity incentives, future resale and cancellation, among which cancellation is seen to be the most direct and beneficial method for all shareholders.When a listed company cancels its repurchased shares, the number of floating shares in the market decreases while the value remains the same. This means the value per-share of the listed company will increase significantly.From a market demand and supply perspective, a reduction in a listed company's share count indicates a decrease in market supply. While demand remains constant, conditions for stock price appreciation are created .It can be said that buybacks are not only a valuation enhancement measure taken by listed companies when they believe their stocks are undervalued, but it’s also a means for listed companies to return capital to shareholders and reward them for holding the shares. Therefore, many large listed companies with outstanding performances frequently conduct large-scale share buybacks throughout the year.For example, the champion of the 2024 Hong Kong sharebuybacks - Tencent Holdings (00700.HK). has bought back 307 million shares throughout the year, with a total amount of HKD 112 billion according to the public information from the Hong Kong Stock Exchange, as of December 31,Driven by the continuous buybacks, Tencent's total share capital further decreased to 9.22 billion, reaching its lowest level in ten years, while its earnings per share continued to rise, with growth rates exceeding its revenue and operating profit.Therefore, buybacks are always seen to be beneficial for both the company and the investors. China Hongqiao's recent actions of buybacks and upcoming cancellations, in terms of short-term effects, not only reduce the number of shares circulating in the market which directly pushing up the stock price, but also convey to the market about the company's firm confidence in its future development. This demonstration of confidence, especially against the background of steady growth in company performance, has attracted more investor’s attention, thus adding strong momentum for further improving the company's valuation.Buybacks Support Asset Integration, Opening a New Chapter in Value ReassessmentMore profoundly, China Hongqiao's buyback actions are closely connected to its overall strategic deployment. The company optimizes resource allocation and enhances overall market competitiveness through buybacks coordinated with asset restructuring of its indirect subsidiary companies.Recently, China Hongqiao welcomed a historic positive development for valuation improvement. Hontron Holdings (a company listed on the Shenzhen Stock Exchange,stock code: 002379.SZ), an indirect subsidiary of China Hongqiao, proposed to acquire all equity of another indirect subsidiary, Hongtuo Industrial.Hongtuo Industrial is China Hongqiao's core asset in the aluminum products business, owning all aluminum alloy products, alumina products, and some aluminum alloy processing product production lines of China Hongqiao and its subsidiaries in mainland China.Hontron Holdings is an integrated aluminum plate, strip, and foil processing enterprise, mainly engaged in the development, production, and sales of high-precision aluminum plate, strip, and foil products, with main products including pharmaceutical foil, household foil, and container foil.From an industrial development perspective, Hontron Holdings operates as a downstream enterprise within the same industry as Hongtuo Industrial. After their restructuring, the upstream and downstream industry synergies will be further improved, and they can share their respective technology, production, and customer resources, with comprehensive competitiveness that will surpass other companies in the industry.Therefore, this asset restructuring initiative will not only bring enormous market opportunities to China Hongqiao but is also expected to further enhance the company's profitability and market position through asset integration and synergistic effects. Against this background, the buybacks not only demonstrate the company's determination for future development but also help improve the company's valuation level. Through asset integration, China Hongqiao will further enhance management efficiency and performance, thereby driving sustained valuation improvement in the long term, generating higher market expectations and confidence in China Hongqiao's future.Golden Opportunity in a Valuation Trough, A Leading Enterprise with Growth PotentialChina Hongqiao's combination of capital and industrial "one-two punch" demonstrates its strength as the leading electrolytic aluminum stock. China Hongqiao, as a high-quality target company which is rare in the capital market, is currently undervalued.As an industry leader, China Hongqiao's valuation is below the average level of Hong Kong-listed aluminum companies. Wind data shows that as of January 17's closing, the average P/E ratio of Hong Kong-listed aluminum companies was approximately 6.73 times, while China Hongqiao, even after a recent round of price increases, remains at a low P/E ratio of only about 6.04 times. Compared to its peers in the same tier, such as Chalco with a P/E ratio of 7.42 times, China Hongqiao appears to be underpriced.From this perspective, China Hongqiao demonstrates impressive strength, yet its valuation falls short of what a top-tier industry leader deserves., making it a clearly undervalued industry giant. Many third-party investment institutions have also taken notice, explicitly stating that China Hongqiao's valuation is at a low level within the industry.Recently, Bank of America's Global Research team set a target price of HKD 17.9 per share for China Hongqiao, showing significant upside potential compared to its January 17 closing price of HKD 12.68 per share.Since the second half of 2023, the aluminum industry has entered a cyclical upward trend, with continuous improvement in industry prosperity bringing opportunities for rapid growth in enterprise performance. China Hongqiao has demonstrated a more powerful development momentum compared to industry peers by deepening its upstream and downstream integrated layout.Tebon Securities issued a research report stating that on January 10, the State Council Information Office press conference again emphasized loose and proactive fiscal policy, expecting electrolytic aluminum demand to potentially increase under continued domestic stimulus. Based on the current cost curve, to meet the projected 2025 electrolytic aluminum demand, the aluminum price should reach at least RMB 22,065.5 per ton.On January 7, the price of electrolytic aluminum was RMB 19,660 per ton. Tebon Securities judges that future electrolytic aluminum prices and profits may increase, with profit margins potentially rising by approximately RMB 2,406 per ton, recommending investment in leading industries such as China Hongqiao.Under the catalysis of a series of major positive factors including strong performance, buybacks, and asset restructuring, China Hongqiao, currently in a value low point, is offering a golden opportunity. The market is expected to further recognize its value, paving the way for a return to fair valuation. 03/02/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Feb 3, 2025
Is CrowdStrike Stock a Buy Now?
CrowdStrike Holdings (NASDAQ: CRWD) stock has made a remarkable recovery on the market in the past six months following a faulty software update on July 19 last year that caused a global IT outage and sent its shares plummeting.The outage hit millions of computers around the globe, affecting airline...The Motley Fool
Feb 3, 2025
REFILE-GLOBAL MARKETS-Stocks slump, dollar soars as Trump tariffs trigger trade war
Corrects to fix typographical errors in first two bulletsAsia markets, US futures fall as Trump's tariffs spark trade war fearsTrump slaps tariffs on Canada, Mexico and China U.S. dlr hits record highs vs yuan; peso, Canadian dlr tumbleBy Kevin Buckland TOKYO, Feb 3 (Reuters) - Asian stock ma...Reuters
Feb 3, 2025
Taiwan tech stocks drop after Trump tariff announcements
TAIPEI, Feb 3 (Reuters) - Technology stocks in Taiwan dropped on Monday with major chipmaker TSMC 2330.TW sliding 6% and Apple supplier Foxconn 2317.TW down 8% after U.S. President Donald Trump announced tariffs on Canada, Mexico and China.Taiwan's benchmark index .TWII was down around 4%. Finan...Reuters
Feb 3, 2025
1 Dividend Stock Down 15%: Is Now the Right Time to Buy?
The discussion of value versus growth stocks gets a lot of attention. Regardless of what side you fall on, it's hard to deny the fact that many investors out there simply just want steady income from the companies they own. These dividends can be a reliable source of returns from profitable and dura...The Motley Fool
Feb 3, 2025
Is Estée Lauder a Buy, Sell, or Hold in 2025?
Estée Lauder (NYSE: EL) might be known as a timeless brand in cosmetics, founded nearly 80 years ago, but lately, it's looking like the skincare and makeup giant is running out of time.The stock is down a whopping 78% from its peak during the pandemic, as a combination of weakness in China, market s...The Motley Fool
Feb 3, 2025
Japan's Nikkei falls over 2% on Trump tariff worries; auto makers tumble
TOKYO, Feb 3 (Reuters) - Japanese shares tumbled on Monday, led by automakers, after U.S. President Donald Trump imposed tariffs on Canada, Mexico and China over the weekend, raising worries that Japanese exports may also become a target.The Nikkei .N225 had declined 2.1% to 38,742.33 by 0009 GMT, w...Reuters
Feb 3, 2025
BUZZ-Australian mining stocks eye worst day in over 6 weeks on US tariffs on China
** Australian mining stocks index .AXMM fall 2.2% heading for their biggest fall since Dec. 19, if losses hold** Subindex hits lowest level since Jan. 13** Over the weekend, U.S. President Donald Trump imposed tariffs on China, Australia's top trading partner and a major consumer of iron ore use...Reuters
Feb 3, 2025
Australian shares tumble 2% as Trump tariffs on China rattle investors
Feb 3 (Reuters) - Australian shares fell 2% on Monday, as investors fled stocks with heavy exposure to China after U.S. President Donald Trump imposed tariffs on Australia's top trading partner, with firms exposed to Canada and Mexico also getting hammered.The S&P/ASX 200 index .AXJO fell as...Reuters
Feb 2, 2025
Wall Street girds for market impact of Trump tariffs
Canada, Mexico vow retaliationStocks, high risk assets at riskTrump can increase size, scope of tariffs Adds U.S. stocks futures movement, updates prices throughoutBy Suzanne McGee and Isla Binnie NEW YORK, Feb 2 (Reuters) - Global markets buckled up for a turbulent session on Monday after U.S. P...Reuters
Feb 2, 2025
Where Will Nvidia Stock Be in 3 Years?
If you held on to Nvidia (NASDAQ: NVDA) stock for the last three years, you are probably laughing all the way to the bank. A $10,000 bet made in early 2022 would be worth almost $55,000 today -- an impressive return of 450%. That said, past performance doesn't guarantee future results. And the dynam...The Motley Fool
Feb 2, 2025
1 Top Cryptocurrency to Buy Before It Soars 600%, According to Billionaire Larry Fink of BlackRock
Now that Bitcoin (CRYPTO: BTC) has crossed the $100,000 mark, it's only natural to ask: Just how much higher can it really go? After all, Bitcoin is up more than 30,000% over the past decade, and is now a $2 trillion asset. Long-term investors may find it hard to envision Bitcoin replicating its pas...The Motley Fool
Feb 2, 2025
Is Snowflake Stock a Buy Now?
Snowflake (NYSE: SNOW) stock has recorded stellar gains of 62% in the past three months, as of this writing, driven by the company's solid fiscal 2025 third-quarter results, which were released in November 2024.The data cloud platform provider not only beat analysts' expectations on revenue and earn...The Motley Fool
Feb 2, 2025
Meet the Up-and-Coming EV Stock That Could Crush the Market
The past few weeks have been rough for EVgo (NASDAQ: EVGO), and by extension, for its shareholders. The stock's now down more than 60% from its late-October peak, and touched a multimonth low just a few days ago.But the move isn't exactly surprising. President Donald Trump is not as supportive of el...The Motley Fool
Feb 2, 2025
This Stock Just Doubled in 1 Day -- Is It Still a Buy?
We are still pretty early in the new year, but some companies are already delivering outsize returns to their shareholders. Akero Therapeutics (NASDAQ: AKRO) is part of this group. On Jan. 27, the company's shares soared by 97%, closing the day at $51.71. Unsurprisingly, Akero owes this incredible o...The Motley Fool
Feb 2, 2025
