Skip to main content

Featured Post

High Drama and Big Impact: Trump’s Bold Tariff Plans and What to Expect

Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
Post a Comment

Spritzer Shares Surge to Over Two-Month High After Strong 2Q Results

Spritzer Bhd's shares rose to their highest level in more than two months on Friday after the mineral water company reported better-than-expected results for the second quarter of 2024 (2QFY2024). The stock climbed as much as 6.2% to RM2.75, the highest since June 26, with a market capitalization of RM862 million.

Key Takeaways:

  1. Upgraded Forecasts and Recommendations: BIMB Securities upgraded its recommendation on Spritzer to 'buy,' setting a target price of RM2.90. The firm raised its earnings forecasts for FY2024 to FY2026 by 6%-9%, based on expectations of lower input costs and higher margins.

  2. Strong Financial Performance in 2QFY2024: For the second quarter ended June 30, 2024, Spritzer's revenue rose by 18% year-on-year, while net profit jumped by 63%, driven by higher bottled water sales volume and reduced raw material costs. The net profit for the first half of FY2024 reached RM35.3 million, exceeding BIMB Securities' expectations at 65% and the consensus forecast at 64%.

  3. Growth Drivers: The company is expected to benefit from increased tourist arrivals and a surge in sales ahead of the Chinese New Year. Additionally, Spritzer is set to gain from a decline in raw material costs, particularly PET resin, and a stronger ringgit, as its raw materials are priced in US dollars. The company is also diversifying its product portfolio, with a new product line scheduled to launch in October.

Overall, Spritzer's strong second-quarter performance, combined with favorable market conditions and strategic expansion plans, has boosted investor confidence, driving its share price to a two-month high.

Labels:

Comments

Post a Comment

Popular posts from this blog

INTC Share Watch and News

Stock Info Market Monitor Company Profile Intel Corporation designs, manufactures, and sells integrated circuits for computing and communications industries worldwide. It offers microprocessor products used in notebooks, netbooks, desktops, servers, workstations, storage products, embedded applications, communications products, consumer electronics devices, and handhelds. The company also offers system on chip products that integrate its core processing functionalities with other system components, such as graphics, audio, and video, onto a single chip. It also provides chipset products that send data between the microprocessor and input, display, and storage devices, such as keyboard, mouse, monitor, hard drive, and CD or DVD drives; motherboards that has connectors for attaching devices to the bus, and products designed for desktop, server, and workstation platforms; and wired and wireless connectivity products, including network adapters and embedded wireless cards used to translat
1 comment
Read more

3M Raises Profit Forecast After Beating Quarterly Estimates on Electronics Demand

3M Co raised the lower end of its full-year adjusted profit forecast after strong demand for electronics and industrial products helped the company surpass quarterly profit expectations. Shares of 3M were up 4.2% at $140.5 in pre-market trading. An increase in demand for electronics used in vehicles and mobile phones boosted profits for the company, which had previously faced challenges as high inflation led consumers to delay major purchases. The industrial sector is also expected to benefit from the recent US Federal Reserve decision to cut borrowing costs in September, encouraging more consumer spending. 3M has implemented cost-cutting measures, including job reductions and spinning off its healthcare business, to counter the impact of a demand slowdown . Key highlights from the report: Sales in the transportation and electronics segment grew 1.8% year-on-year. Sales in the safety and industrial segment , which produces adhesives for industrial use, increased by 0.5% . 3M&
Post a Comment
Read more

A Trader’s Guide to Navigating Malaysia's Budget 2025

Malaysia’s consumer and construction stocks are poised to benefit from Budget 2025 , as Prime Minister Datuk Seri Anwar Ibrahim is expected to introduce measures aimed at lowering the cost of living and unveiling infrastructure projects . As both Prime Minister and Finance Minister, Anwar will likely announce targeted cash transfers , civil servant salary hikes , and potential revisions to the minimum wage to boost disposable incomes, supporting retailers like AEON Co and Padini Holdings . In the construction sector, analysts expect the budget to include new projects such as the Mass Rapid Transit Line 3 and Pan Borneo Highway , with companies like Gamuda , Sunway Construction , and IJM Corp set to benefit. There could also be updates on the Johor-Singapore High-Speed Rail and cross-border economic zones, reigniting interest in the sector. The government’s commitment to growing semiconductor industries may lead to support measures for data center developers like YTL Power Int
Post a Comment
Read more