Streetbeat News

Equity Actions

VNET

Sheng Chen, the founder of VNET, has expressed his intention to make further equity investments in the company. However, there have been no discussions between him and VNET regarding this plan, and no binding agreement exists between him, the holding company, and any co-investors.

Portfolio Pulse from Charles Gross

August 01, 2023 | 10:20 am

EVEX

Eve Holding Inc (NYSE:EVEX) has appointed Johann Bordais, current President and CEO of Embraer Services & Support, as its new CEO, effective from September 1, 2023. Current co-CEOs, Andre Stein and Jerry DeMuro, will assume new roles within the company. The announcement led to a 1.89% increase in EVEX shares, closing at $9.15 on Monday.

Portfolio Pulse from Shivani Kumaresan

August 01, 2023 | 9:59 am

AMZN

EIS

Amazon Web Services (AWS) has announced the launch of the AWS Israel (Tel Aviv) Region, providing a greater choice for running applications and serving end users from data centers located in Israel. AWS also plans to invest an estimated $7.2 billion in Israel through 2037 via the new region.

Portfolio Pulse from Charles Gross

August 01, 2023 | 9:36 am

HNHPF

INDA

Foxconn's electric vehicle platform unit, MIH, is preparing to launch an electric vehicle priced between $10,000 and $20,000. The company is targeting India or Thailand for the production of this new EV for corporate fleets.

Portfolio Pulse from Charles Gross

August 01, 2023 | 9:36 am

HSBC

HSBC Holdings PLC reported H1 2023 revenues of $36.9 billion, up from $24.5 billion a year ago, benefiting from higher net interest income and gains from transactions in France and the UK. Operating expenses declined 4% Y/Y to $15.5 billion. Profit before tax rose to $21.7 billion, beating analysts' average forecast of $20.9 billion. The bank announced a second interim dividend of $0.10 per share and a further share buyback of up to $2 billion. HSBC raised its 2023 NII outlook to above $35 billion and expects RoTE in the mid-teens for 2023 and 2024.

Portfolio Pulse from Lekha Gupta

August 01, 2023 | 9:33 am

RMD

RBC Capital analyst Craig Wong-Pan has upgraded ResMed (NYSE:RMD) from Sector Perform to Outperform and raised the price target from $262 to $284.

Portfolio Pulse from richadhand@benzinga.com

August 01, 2023 | 9:27 am

GPS

Barclays analyst Adrienne Yih has upgraded Gap (NYSE:GPS) from Equal-Weight to Overweight and raised the price target from $9 to $13.

Portfolio Pulse from richadhand@benzinga.com

August 01, 2023 | 8:48 am

BP

BP has announced an interim dividend of 7.270 cents per ordinary share, marking a 10% increase. The dividend will be payable on 22 September 2023 to ordinary shareholders and American Depositary Share (ADS) holders registered as of 11 August 2023. Additionally, BP plans to execute a $1.5 billion share buyback before reporting Q3 results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 6:24 am

CTNT

Cheetah Net Supply Chain Service has announced the pricing of its Initial Public Offering (IPO) at $4 per share, aiming to raise a total of $5 million.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 5:45 am

ALB

Patriot Battery Metals has entered into a subscription agreement for a private placement of approximately C$109M by Albemarle Corporation.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 5:43 am