Streetbeat News

Revenues

GB

Global Blue is projecting an Adjusted EBITDA of €145-165m in FY23/24 and over €200m in FY24/25. The company is targeting a long-term revenue growth of 8-12%, with a 'Revenue-to-Adjusted EBITDA drop-through' of over 50% and a net leverage of less than 2.5x. This growth is expected to be driven by new technology solutions in hospitality & retail payments gateway, data analytics, and digital marketing.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 10:35 am

ARDX

Ardelyx, Inc. (NASDAQ:ARDX) announced that its partner, Kyowa Kirin, has received approval from the Japanese Ministry of Health for the New Drug Application for tenapanor, a kidney disease drug. This approval triggers $30 million in milestone payments from Kyowa Kirin to Ardelyx and a $5 million payment from HealthCare Royalty Partners. Ardelyx may also receive an additional $5 million if net sales in Japan exceed a certain target by 2025.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:22 am

AAPL

Apple Inc. is planning to significantly increase its production capability in India, aiming to reach an annual production value of around $40 billion over the next four to five years, up from $7 billion in the previous fiscal year. This is part of Apple's strategy to establish a stronger foothold in the Indian market. The company is also considering manufacturing its popular AirPods in India. Despite a slight decrease in iPhone sales and a marginal drop in the wearable, home, and accessories segment globally, Apple continues to dominate the ultra-premium segment in India.

Portfolio Pulse from Shomik Sen Bhattacharjee

September 25, 2023 | 6:26 am

LPL

LG Display has started mass production of 17-inch foldable OLED panels for laptops, increasing its presence in the IT sector. This move could potentially boost the company's revenues and market share in the IT industry.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 6:10 am

DIS

FUN

SEAS

SIX

Theme park operators including Walt Disney Co. (NYSE:DIS), Cedar Fair L.P. (NYSE:FUN), Six Flags Entertainment Corp. (NYSE:SIX), and SeaWorld Entertainment, Inc. (NYSE:SEAS) are hoping for a boost in attendance with Halloween and Oktoberfest events, following a challenging summer due to extreme weather. Despite these efforts, challenges remain such as the hurricane season and competition for leisure spending. The stocks of these companies have underperformed the S&P 500 Index this year.

Portfolio Pulse from Shanthi Rexaline

September 23, 2023 | 9:15 pm

HSBC

SCBFF

SCBFY

Singapore-based startup Silent Eight, backed by HSBC and Standard Chartered, is planning for an IPO by 2025. The company uses AI to assist financial institutions in combating financial crimes. With its software being adopted by major banks, Silent Eight is expected to see substantial growth. The company's revenue is set to triple this year, and it is expected to achieve profitability for the first time.

Portfolio Pulse from Nabaparna Bhattacharya

September 23, 2023 | 8:32 pm

RSLS

ReShape Lifesciences Inc. has entered into an Exclusive License Agreement with Biorad Medysis Pvt. Ltd. to manufacture, commercialize and distribute the Obalon® Gastric Balloon System in several South Asian countries. Biorad will pay $200,000 upfront and 4% royalty on gross sales. Biorad is also expected to become the exclusive worldwide manufacturer and supplier of the Obalon Balloon System.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 8:06 pm

ORCL

Analysts from Goldman Sachs, Piper Sandler, Stifel, and Guggenheim have reiterated their ratings on Oracle Corp (ORCL) following the company's analyst meeting. Oracle's management reaffirmed its FY26 guidance, including $65 billion in revenue and a 45% operating margin. The analysts highlighted Oracle's strong play in Oracle Cloud Infrastructure (OCI) and AI integration, and its potential for growth in the coming years. The company's shares traded higher by 0.11% at $109.55 on the last check Friday.

Portfolio Pulse from Anusuya Lahiri

September 22, 2023 | 7:20 pm

MTCH

Tinder, a subsidiary of Match Group (MTCH), has introduced a new ultra-premium subscription tier, Tinder Select, for its most active users. The subscription costs $499 per month and offers features like exclusive search and matching. The plan is invite-only and is offered to less than 1% of Tinder's most active users.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 6:54 pm

H

Stifel analyst Simon Yarmak reiterated a Hold rating on Hyatt Hotels Corporation (NYSE:H), lowering the price target to $115 from $119. Hyatt has transformed into an asset-lite company and aims to reduce owned and leased real estate to 20% by late 2024. The company has multiple growth levers with a quality portfolio of brands and the largest relative pipeline. Group revenue for Q2 rose by around 14% YoY, aligning closely with 2Q19 figures. However, net debt to EV of 19.8% is slightly above the industry average of 19.2%. The analyst also lowered the EPS estimates for FY23, FY24, and FY25.

Portfolio Pulse from Nabaparna Bhattacharya

September 22, 2023 | 6:39 pm