An overview of Panomax River Villa project in HCM City's District 7 (Source: panomaxrivervilla.net) Hanoi (VNS/VNA) - Thanh Thanh Cong Investment JSC is to buy more than 16 million shares of Sai Gon Thuong Tin Real Estate JSC (SCR), equivalent to 4.7 percent of the company’s outstanding shares. The transaction is scheduled from December 5 to December 31. Thanh Thanh Cong said the company is expected to spend 100 billion VND (4.3 million USD) for the acquisition. On the stock market, SCR shares price has plunged to the bottom of the last three years since 2016. Since earlier this year, SCR shares have been traded with stable liquidity with an average of 2.8 million shares matched during each session. The figure for the nearest 10 sessions is 3.2 million shares matched per day. In the first nine months of this year, SCR saw an increase of 50 percent in post-tax profit, reaching 304 billion VND, fulfilling 95 percent of the yearly plan. In the last quarter of this … [Read more...] about Thanh Thanh Cong Investment to buy 16 mln shares of Sai Gon Thuong Tin Real Estate
Invest
Dhunseri Investments share price locked in 20% upper circuit after strong September quarter
The share price of Dhunseri Investments was locked in 20 percent upper circuit on December 5 after the company reported strong earnings in the September quarter.The stock was quoting at Rs 250.85, up 20 percent, and there were pending buy orders of 1,089 shares, with no sellers available on the BSE at 1457 hours.The company’s net profit during the quarter ended September jumped to Rs 11.27 crore against Rs 4.97 crore in the same period last year due to nil tax expenses (against 0.31 crore YoY) and changes in fair value of investments routed through P&L.Close Consolidated profit from continuing operations during the quarter jumped to Rs 26.4 crore from Rs 5.14 crore YoY. related news D-Street Buzz: Banks bleed led by YES Bank, RBL Bank, SBI; Omaxe tanks 20% Shakti Pumps shares fall 3% after CARE revises credit rating Andhra Bank share price falls 3% after RBI imposes Rs 25 lakh penalty Dhunseri Investments is an investment company registered with the Reserve Bank of … [Read more...] about Dhunseri Investments share price locked in 20% upper circuit after strong September quarter
Hyundai Motor eyes thrust on electric vehicles in $52 billion investment plan
SEOUL (Reuters) - Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, the company said on Wednesday, with a third of the expenditure focused on electric and autonomous vehicles, but analysts want to see it deliver. The South Korean car maker unveiled a “Strategy 2025” roadmap that envisages annual average spending of 10 trillion won, exceeding that of previous years, and up from a 2018 figure of 6.1 trillion won. Shares in Hyundai rose as much as 2% on the news, only to give up most of their gains by the close of trade, with analysts waiting to see how its intentions translate into action. “Its announcement of investment plan and goals is full of good words, but not real results yet,” said Lee Han-joon, an analyst at KTB Investment & Securities. “The plan itself also wasn’t an amazing one.” South Korea’s top automaker is accelerating efforts to catch up in the race to bring self-driving … [Read more...] about Hyundai Motor eyes thrust on electric vehicles in $52 billion investment plan
Stock pick of the week: Why Zee is a unique investment opportunity for investors
Zee provides a unique investment opportunity for the investors as there are no other leading media players listed. Also the recent share price correction, triggered by promoter woes, and the resultant fall in valuations has made the company a favourite of analysts. Investors used to consider Zee Entertainment Enterprises as a low risk high reward opportunity because of its strong business model and balance sheet. Zee always used to report better than industry advertising growth rates and increased subscriptions. In addition to its strong presence in the Hindi entertainment space, Zee also invests heavily in regional language space and this should make Zee a pan-India player. Due to increasing market share, Zee was also able to report 16% annualised advertisement revenue growth during the past five years. However, the decision of the promoters to raise money using Zee shares for their other projects has shattered this belief and dragged this counter to low levels. With the promoters … [Read more...] about Stock pick of the week: Why Zee is a unique investment opportunity for investors
‘Do-it-yourself’ investors in MFs will face challenges: Sanjay Sapre, Franklin Templeton Investments
While the recategorisation of mutual funds by Sebi is a welcome move as it will help investors, the new regulations must not stifle innovations, Sanjay Sapre, President, Franklin Templeton Investments tells ET Wealth. Has the mutual fund industry hit the right notes in the recategorisation and consolidation exercise? Providing standard definitions and making product categories consistent is a welcome move. All products becoming ‘true to label’ will be in the investor’s best interest and will be beneficial for asset managers who have always stuck to the mandate. However, we have to ensure future innovation is not stifled as a result of the new regulation. Another unintended risk is that as a result of restrictions in the open-ended space, assets may move to structures such as closed ended funds, PMS, etc, which may not be in the investor’s best interest. While there are challenges in terms of certain product category definitions, and the change will be complex … [Read more...] about ‘Do-it-yourself’ investors in MFs will face challenges: Sanjay Sapre, Franklin Templeton Investments