Streetbeat News

Corporate Responsibility

SBUX

Major global coffee chains are targeting Singapore for expansion, viewing it as a strategic location for scaling operations. Brands like Luckin Coffee, Kenangan Coffee, Fore Coffee, Tim Hortons, and Louisa Coffee have opened new outlets in Singapore. Despite competition from established brands like Starbucks (NASDAQ:SBUX) and Dunkin' Donuts, these chains see Singapore as a key market for growth. Starbucks plans to enhance customer experience and double hourly income in the U.S. by FY25 to stay competitive.

Portfolio Pulse from Benzinga Neuro

December 26, 2023 | 1:44 pm

ZKIN

ZK International Group Co., Ltd. (NASDAQ:ZKIN) has resolved its Nasdaq bid price deficiency and is now in compliance with Nasdaq's minimum bid price requirement. The company's stock price remained above $1.00 for 10 consecutive business days, satisfying the Nasdaq Capital Market's Listing Rule 5550(a)(2). The Nasdaq Listing Qualifications Panel will continue listing ZKIN's securities, and the company has acknowledged the assistance of Donohoe Advisory Associates LLC in this matter.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 1:33 pm

SGBX

Safe & Green Holdings Corp. (SGBX) has secured a $600,000 advance against a $1.5 million IRS Employee Retention Tax Credit refund. The advance is non-dilutive and will support growth opportunities, including ramping up factories for an expected significant purchase order. The company may also secure an additional $700,000 advance against the ERTC.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 1:33 pm

CRGE

NTES

VSME

The article highlights three oversold tech and telecom stocks in the communication services sector with RSI values near or below 30, suggesting potential undervaluation. NetEase, Inc. (NTES) reported Q3 revenue growth but missed consensus and experienced a CFO resignation, leading to a 15% stock decline over five days. Charge Enterprises, Inc. (CRGE) reported downbeat quarterly sales but growth in infrastructure, resulting in a 42% stock decline over a month. VS MEDIA Holdings Limited (VSME) announced pricing of IPI at $5.00 per share, with a 44% stock decline over a month.

Portfolio Pulse from Avi Kapoor

December 26, 2023 | 1:04 pm

GOL

GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL) has received approval for a credit insurance policy backed by the Export Guarantee Fund (FGE) to finance up to $209 million for maintenance of its CFM56-7B engines. The policy supports local maintenance services in Brazil by GE-Celma MRO and strengthens GOL's ability to secure third-party credit lines.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 12:59 pm

IBIO

iBio CDMO, a subsidiary of iBio, Inc., and Woodforest National Bank have amended their credit agreement, extending the maturity date of the term loan from December 31, 2023, to March 29, 2024, or an earlier date if the loan matures due to acceleration.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 12:25 pm

ASML

INTC

Intel Corporation (NASDAQ:INTC) is set to receive a $3.2 billion grant from the Israeli government for a new $25 billion chip plant in Israel, with operations starting in 2027. Intel has committed to purchasing $16.6 billion in goods and services from Israeli suppliers over the next decade. The company is actively progressing with the construction of the site, which is part of its global supply chain resilience efforts. ASML Holding NV (NASDAQ:ASML) has started shipping components for a new chipmaking machine to Intel's Oregon factory.

Portfolio Pulse from Nabaparna Bhattacharya

December 26, 2023 | 12:02 pm

TM

Daihatsu, a subsidiary of Toyota Motor Corp (NYSE:TM), is compensating its 423 domestic suppliers in Japan due to a production halt following a safety test scandal. The compensation is based on past business volumes. The production stoppage is a result of safety test manipulations found in 64 models, some under the Toyota brand. Daihatsu is also considering support for smaller subcontractors. Production of Perodua brand cars in Malaysia and shipments from PT Astra Daihatsu Motor in Indonesia have resumed.

Portfolio Pulse from Anan Ashraf

December 26, 2023 | 11:50 am

VFS

VinFast Auto (NASDAQ:VFS) is set to showcase its new EV concept, the mini eSUV VF 3, and the DrgnFly electric bikes at CES 2024. The event will take place from January 9-12, 2024, at the Las Vegas Convention Center. The company will also display its VF 9 full-size SUV with a new streaming service. These introductions emphasize VinFast's commitment to expanding its EV lineup and enhancing the EV ecosystem.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 11:35 am

BABA

NTES

PDD

TCEHY

Alibaba Group Holding Limited (NYSE:BABA) stock is up amid news of China approving 105 games, suggesting regulatory easing for the tech sector. This follows recent restrictions that led to a market downturn. The approvals included games from Tencent Holdings Ltd (OTC:TCEHY) and NetEase Inc (NASDAQ:NTES). Alibaba is also refocusing its online market, appointing millennials to key positions, with the aim to rejuvenate its e-commerce sector and appeal to younger consumers. BABA shares rose 0.62% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

December 26, 2023 | 11:26 am