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0069.HK

HTHT

Shangri-la Asia Ltd. (0069.HK) reported a profit of $184 million last year, marking a return to profitability after three years of losses, driven by a strong rebound in the tourism industry. The company, which operates high-end hotels, saw its revenue increase by 46.5% to $2.14 billion. It also resumed dividend payments with HK$0.15 per share. The tourism recovery, particularly in China and Hong Kong, and efficient cost management during the pandemic contributed to its success. Despite its solid fundamentals, Shangri-la's valuation remains low compared to peers, with a P/E ratio of around 12 times.

Portfolio Pulse from The Bamboo Works

April 02, 2024 | 2:09 pm

BYDDY

LI

NIO

TSLA

XPEV

BYD, Nio, Li Auto, and XPeng reported increased vehicle deliveries in March, with BYD leading as the world's largest EV seller in the last quarter of 2023. BYD's sales rose 46% in March, with significant growth in exports. Nio, Li Auto, and XPeng also showed strong delivery numbers, with Li Auto reaching a milestone of 700,000 cumulative deliveries. Tesla, however, is anticipated to report its first YoY decline in deliveries since 2020, with its stock down 29% year to date.

Portfolio Pulse from Upwallstreet

April 02, 2024 | 2:07 pm

AAPL

AMZN

CRM

META

MSFT

ZM

Microsoft Corporation (MSFT) announced the global separation of its Teams app from Office offerings to avoid antitrust fines, impacting rivals like Zoom (ZM) and Slack (CRM). Microsoft's Bing, Edge, and advertising services, along with Apple's (AAPL) iMessage, avoided the EU's Digital Markets Act, unlike Meta Platforms' (META) WhatsApp. The Act forced Apple to make significant operational changes. The FTC is investigating Big Tech's AI investments, focusing on Microsoft, Google, and Amazon.com Inc (AMZN), with concerns over Microsoft's influence on OpenAI.

Portfolio Pulse from Upwallstreet

April 02, 2024 | 2:06 pm

KSS

PVH

Kohl's shares are trading lower, potentially due to weak Q1 guidance issued by PVH, suggesting a sympathetic market response.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:04 pm

MKSI

Analysts have updated their ratings and price targets for MKS Instruments (NASDAQ:MKSI), showing a positive outlook with an average 12-month price target of $127.0, up 19.59% from the previous $106.20. Recent updates include raised price targets from Wells Fargo, Keybanc, Benchmark, and Needham, reflecting optimism about the company's future performance despite a -17.86% revenue decline and challenges in debt management and return metrics.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 2:01 pm

ARM

Deep-pocketed investors show a divided sentiment towards ARM Holdings (NASDAQ:ARM), with 42% bullish and 57% bearish, based on extraordinary options activity. The options market suggests a price range of $100.0 to $145.0 for ARM. The company, a major player in smartphone CPU cores, is currently trading at $125.0, down by -1.51%. An analyst from Mizuho maintains a Buy rating with a target price of $160.0.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 2:01 pm

LRCX

In the past three months, 20 analysts have provided diverse ratings for Lam Research (NASDAQ:LRCX), with a current average 12-month price target of $906.45, up 16.48% from the previous target. The ratings range from bullish to indifferent, with recent actions including raises and maintains by various analysts. Lam Research, a leading semiconductor equipment manufacturer, has seen a revenue decline of -28.79% as of December 31, 2023, but maintains strong financial health indicators such as a net margin of 25.39% and ROE of 11.73%.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 2:01 pm

FCX

Freeport-McMoRan (NYSE:FCX) has seen unusual options activity, with a bullish sentiment from high-rolling investors, as tracked by Benzinga. The activity includes 23 options trades, predominantly calls, indicating a price target range of $44.0 to $55.0. The most significant trades are bullish calls with expiration dates ranging from 2024 to 2025. The current market price of FCX is $47.74, with an RSI suggesting it may be overbought. The company's next earnings report is expected in 21 days.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 2:00 pm

ASML

Five analysts have recently updated their ratings on ASML Holding (NASDAQ:ASML), showing a shift towards a more bullish outlook over the last three months. The average 12-month price target for ASML has been raised to $1030.0, marking a significant increase from the previous target of $881.00. This change reflects analysts' positive reactions to market conditions and ASML's performance, including a revenue growth rate of 12.55% and a strong net margin of 28.3%. ASML, a leader in photolithography systems for semiconductor manufacturing, continues to demonstrate financial health and market dominance.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 2:00 pm

MEDP

Medpace Holdings (NASDAQ:MEDP) has significantly outperformed the market with an annualized return of 33.11% over the past 5 years, resulting in an average annual return of 45.48%. A $1000 investment in MEDP 5 years ago would be worth $6,523.83 today. Medpace Holdings currently has a market capitalization of $12.24 billion.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 2:00 pm