Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
A:--
F: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
No matching data
Latest Views
Latest Views
Trending Topics
To quickly learn market dynamics and follow market focuses in 15 min.
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
Top Columnists
Enjoy exciting activities, right here at FastBull.
The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
View All
No data
Not Logged In
Log in to access more features
FastBull Membership
Not yet
Purchase
Log In
Sign Up
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
Asian equities traded in the US as American depositary receipts edged higher Wednesday morning with the S&P Asia 50 ADR Index up 0.2% to 1,926.59.
From North Asia, the gainers were led by brand management platform 36Kr and education company 17 Education & Technology Group , which rose 9.8% and 2.9% respectively. They were followed by fintech firms Jiayin Group and Pintec Technology , which were up 2.5% and 2% respectively.
The decliners from North Asia were led by automotive ecommerce platform TuanChe and electric vehicle maker NIO , which fell 6.7% and 3.8% respectively. They were followed by mobile healthcare platform 111 and property technology company Fangdd Network Group , which dropped 3.1% and 2.9% respectively.
From South Asia, the gainers were led by tech conglomerate Sea and financial services company ICICI Bank , which increased 1.5% and 1.4% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia and financial services company HDFC Bank , which were up 1.1% and 0.2% respectively.
The decliners from South Asia were led by IT firms Infosys and Wipro , which lost 2.1% and 1.8% respectively. They were followed by telecommunications operator PLDT and IT firm Sify Technologies , which were down 1.6% and 1.4% respectively.
By Stanley Widianto
JAKARTA, Sept 18 (Reuters) - Alphabet Inc's GOOGL.O YouTube and e-commerce platform Shopee SE.N said on Wednesday they were launching an online shopping service in Indonesia and planned to expand it in Southeast Asia as competition picks up with a rival operator owned by TikTok.
Under the YouTube Shopping tie-up, people will be able to purchase goods viewed on YouTube through links to Shopee, which is owned by Southeast Asian technology conglomerate Sea Ltd.
Company executives told reporters they plan to expand the service to Thailand and in Vietnam in a few weeks. YouTube Shopping is already active in South Korea and the United States.
Indonesia's "energy and velocity around online shopping" is what prompted the launch, YouTube Asia-Pacific director Ajay Vidyasagar said in Jakarta.
With YouTube Shopping, Alphabet Inc and Shopee will be competing against TikTok, the Bytedance-owned video app, which has increased its ambitions for the region after taking control of Indonesia's biggest e-commerce platform Tokopedia.
Asked about the size of the partnership with Shopee, Vidyasagar said it was very significant, but declined to give numbers. He said YouTube Shopping would be opened to partners other than Shopee "in a phased, sequenced manner."
Reuters reported last year, citing sources, that YouTube was planning to apply for a licence to operate e-commerce services in Indonesia, Southeast Asia's largest economy.
TikTok's shopping service, TikTok Shop, accounted for $16.3 billion in 2023 in gross merchandise value in Southeast Asia, in a nearly fourfold jump from the previous year, consultancy Momentum Works said in a report.
This has made the platform the region's second largest e-commerce platform after Shopee.
The region of nearly 700 million is one of the world's fastest growing e-commerce markets. The Momentum Works report said Southeast Asia's eight largest e-commerce platforms racked up $114.6 billion in gross merchandise value in 2023, up 15% from 2022.
(Reporting by Stanley Widianto; Editing by John Mair)
(( Widianto.Stanley@thomsonreuters.com ;))
Keywords: INDONESIA-YOUTUBE/
Sea Limited Sponsored ADR (SE) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this company have returned -0.9%, compared to the Zacks S&P 500 composite's +1.6% change. During this period, the Zacks Internet - Software industry, which Sea Limited falls in, has gained 2%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Sea Limited is expected to post earnings of $0.59 per share for the current quarter, representing a year-over-year change of +883.3%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
The consensus earnings estimate of $2.01 for the current fiscal year indicates a year-over-year change of +47.8%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $2.10 indicates a change of +4.3% from what Sea Limited is expected to report a year ago. Over the past month, the estimate has remained unchanged.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Sea Limited.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Sea Limited, the consensus sales estimate for the current quarter of $4.05 billion indicates a year-over-year change of +17.1%. For the current and next fiscal years, $16.25 billion and $18.62 billion estimates indicate +25.1% and +14.6% changes, respectively.
Last Reported Results and Surprise History
Sea Limited reported revenues of $3.91 billion in the last reported quarter, representing a year-over-year change of +29.9%. EPS of $0.46 for the same period compares with $0.83 a year ago.
Compared to the Zacks Consensus Estimate of $3.73 billion, the reported revenues represent a surprise of +4.73%. The EPS surprise was -22.03%.
The company could not beat consensus EPS estimates in any of the last four quarters. The company topped consensus revenue estimates three times over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Sea Limited is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Sea Limited. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Zacks Investment Research
Sharp has revealed an innovative electric vehicle prototype, the LDK+, developed in collaboration with its parent company Foxconn . The announcement was made on Tuesday during Sharp Tech-Day in Tokyo.
What Happened: The LDK+ concept car integrates the functionality of a traditional vehicle with a room-like interior, aiming to provide a new style of mobility. Sharp’s Chief Technical Officer, Mototaka Taneya, emphasized the growing importance of cars as personal spaces, especially with the advent of autonomous driving technology, Nikkei Asia reported on Wednesday.
Sharp’s design allows the vehicle’s interior to be used effectively even when parked, transforming it into a personal space for work or leisure. Features include a rotatable rear seat, a Sharp LCD display, and windows that can turn opaque for privacy. The car also uses AI to adjust air conditioning and lighting based on user preferences.
The LDK+ is built on an EV platform developed by Foxconn, which has been focusing on the EV market. Foxconn’s Chief Strategy Officer for EVs, Jun Seki, highlighted the cost-efficiency of this modular approach, allowing companies to create unique models without heavy investments.
Sharp’s entry into the EV market comes amid industry challenges, with growth slowing and automakers adjusting their strategies. Despite these hurdles, Seki expressed optimism about the future of EVs, predicting significant market growth by 2027.
Why It Matters: The collaboration between Foxconn and Sharp represents a significant step in the evolving electric vehicle market. Foxconn, a major supplier for Apple Inc. , has been making strategic moves to diversify its portfolio and enter the EV sector. In May 2022, Foxconn’s chairman, Liu Young-way, expressed confidence in overcoming supply chain challenges and aimed to become the first EV maker not affected by material shortages. This ambition aligns with their broader strategy to compete with established EV manufacturers like Tesla Inc. and Nio Inc. .
Furthermore, Foxconn’s recent approval to invest $246 million in Northern Vietnam for manufacturing EV parts underscores their commitment to this market. The investment will focus on producing EV chargers and components, starting in January 2025. This move is expected to enhance Foxconn’s production capabilities and support its goal of becoming a key player in the EV industry.
Read Next:
Photo by askarim on Shutterstock
This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Indian indices settled lower on Wednesday, dragged by selling in IT stocks.
IT firms saw strong profit booking in the run-up to the US Federal Reserve's interest rate decision, which is likely to be a rate cut.
IT companies earn a significant portion of their revenue from the world's largest economy.
Significant gains in financial stocks helped temper losses in the domestic benchmarks.
At close, the BSE Sensex slid 131.43 points, or 0.2%, to 82,948.23, while the NSE Nifty 50 dropped 41.00 points, or also 0.2%, to 25,377.55.
Tata Consultancy Services topped the laggards on Wednesday, with shares falling 4%, followed by HCL Technologies and Infosys .
Conversely, Shriram Finance , Bajaj Finance and Bajaj Finserv were the top gainers.
In corporate news, Tata Consultancy Services secured a two-year contract from George Yang-led Golden Arches Development Corporation (GADC), the master franchise holder of McDonald's in the Philippines, according to a Wednesday filing to the stock exchanges.
Under the contract, TCS will standardize and digitize the IT operations for over 760 McDonald's restaurants in the Philippines.
Meanwhile, Tata Power Renewable, a subsidiary of Tata Power has secured a letter of award (LoA) from the Maharashtra State Electricity Distribution Company (MSEDCL) to develop a 400 MW wind-solar hybrid project in Maharashtra, India, according to a Wednesday filing with the stock exchanges.
Sensex and Nifty ended lower on September 18, reversing earlier gains that saw both indices hit record highs ahead of the Fed meeting outcome. Selling pressure in IT and energy stocks dampened the mood, while banking stocks provided some support, gaining on the day of expiry of the BANKNIFTY futures contracts.
At close, the Sensex was down 210 points or 0.3 percent at 82,869 and the Nifty was down 74 points at 25,345. About 1,452 shares advanced, 2,342 shares declined, and 103 shares remained unchanged.
Broader market indices underperformed the benchmarks, with the BSE Midcap and Smallcap indices declining by 0.7 percent and 0.5 percent, respectively. Meanwhile, volatility surged, with India VIX climbing over 6 percent to 13.4 points.
"Market participants seem a bit watchful ahead of the FOMC announcement," said Sameet Chavan, Head of Technical and Derivative Research at Angel One.
"Investors assess the potential for a short-term underperformance of equity given the elevated valuation and correction of metal prices," said Vinod Nair, Head of Research, Geojit Financial Services. "Commodities, including oil prices, are steadily declining, suggesting a potential tempering of economic growth. Investor caution is evident as gold prices rise, likely due to anticipated dollar weakness following the rate cut," Nair added.
Follow our live blog for all the market action
"The tension is playing out as the Fed debates whether to cut interest rates by a quarter-point or a half-point," said Vikram Kasat, Head of Advisory at PL Capital - Prabhudas Lilladher. "Importantly, this rate cut is just the beginning. By itself, one rate cut isn't a panacea for borrowers grappling with high financing costs and has a minimal impact on the overall household budget. What will be more significant is the cumulative effect of a series of interest rate cuts over time," Kasat said.
Among sectoral indices, only two of the 13 were in the green—Nifty Bank and Nifty Private Bank. HDFC Bank, ICICI Bank, and Axis Bank led the gains in the banking index.
On the flip side, the Nifty IT index tumbled over 3 percent, with all 10 constituents falling between 2 and 6 percent. Wipro, Tech Mahindra, Infosys, TCS, and HCLTech were the biggest losers on the Nifty 50 index, each declining 2.6-3.5 percent.
Also Read | ICICI Bank mcap hits Rs 9 lakh crore milestone for first time
The sharp decline in the IT sector followed Accenture's 5 percent drop in share price on September 17 on news that the company will delay promotions by six months due to a challenging consultancy environment. Bloomberg reported that Accenture has informed employees that most promotions will now take place in June, instead of the usual December. Analysts also pointed to profit booking in IT stocks, which have outperformed in recent months.
Among the top gainers in the Nifty 50 were ICICI Bank, Nestle, Bajaj Finserv, Bajaj Finance, and Shriram Finance, rising 1.6-4.4 percent. The Bajaj Twins—Bajaj Finance and Bajaj Finserv—rallied as Bajaj Housing Finance more than doubled investors' wealth in a stellar stock market debut. Additionally, Morgan Stanley's 'overweight' rating on Bajaj Finance, forecasting a 19 percent upside, further fueled the rally.
Investors await the Federal Reserve's anticipated rate cut, expected to be the first in four years, as the Fed concludes its two-day meeting today. Fed Chair Jerome Powell has signalled confidence in easing rates, with inflation near the 2 percent target. The September 17-18 Fed meeting marks the sixth monetary policy meeting of 2024.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
White Label
Data API
Web Plug-ins
Poster Maker
Affiliate Program
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.