Domestic trade – Rodda And Sons http://www.roddaandsons.com/ Fri, 04 Jun 2021 18:24:09 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://www.roddaandsons.com/wp-content/uploads/2021/03/cropped-icon-32x32.png Domestic trade – Rodda And Sons http://www.roddaandsons.com/ 32 32 Officials argue in Malaysia over shops selling alcoholic drinks during MCO, SE Asia News & Top Stories https://www.roddaandsons.com/officials-argue-in-malaysia-over-shops-selling-alcoholic-drinks-during-mco-se-asia-news-top-stories/ https://www.roddaandsons.com/officials-argue-in-malaysia-over-shops-selling-alcoholic-drinks-during-mco-se-asia-news-top-stories/#respond Fri, 04 Jun 2021 14:49:20 +0000 https://www.roddaandsons.com/officials-argue-in-malaysia-over-shops-selling-alcoholic-drinks-during-mco-se-asia-news-top-stories/ KUALA LUMPUR – Malaysians have been confused with conflicting rules on whether sales of alcoholic beverages should cease as it is a ‘non-essential’ service amid the ongoing full lockdown , while cigarette sales could continue. On Friday, June 4, Malaysia entered the fourth day of a strict two-week Movement Control Order (MCO) that shut down […]]]>


KUALA LUMPUR – Malaysians have been confused with conflicting rules on whether sales of alcoholic beverages should cease as it is a ‘non-essential’ service amid the ongoing full lockdown , while cigarette sales could continue.

On Friday, June 4, Malaysia entered the fourth day of a strict two-week Movement Control Order (MCO) that shut down most businesses and social activities.

The total number of Covid-19 cases exceeded 600,000 cases on Friday, with Malaysia having the most cases in Southeast Asia after Indonesia and the Philippines.

Several cabinet ministers and key officials from several ministries attracted brickbats as some companies struggled to understand whether they could continue to open their outlets.

Deputy Minister of Home Trade and Consumer Affairs Rosol Wahid said on Friday (June 4) that alcohol sales were banned, sparking an outcry as Malaysians accused the government of being selective about what is “prohibited.” during the MCO.

The deputy minister at the same time said that cigarettes could still be sold, to meet the needs of people with “tobacco addiction”.

“We cannot stop its sale, otherwise there will be problems. Only smokers will understand. Without cigarettes, it will be a huge burden on them, ”he told The Vibes news site on Friday.

Malaysians have taken to social media to express their displeasure, as Twitter user @adrianang said: “Beer factories cannot operate during the lockdown. I understand. But now stores can no longer sell alcohol because it is not “essential” items? Since when does the authority decide which store can sell what it considers essential? You might as well ban cigarettes, ice cream, cheese, magazines and books.

Confusion followed criticism as the government initially allowed beer and liquor factories to operate, but shut them down following complaints from the public about why they were considered property and “essential” services.

Under health protocols issued by the National Security Council, only liquor stores and factories were prohibited from operating, not the sale of alcoholic beverages.

In the aftermath, Datuk Rosol later said that alcoholic beverages could be sold at premises such as convenience stores with licenses to sell alcohol during the MCO.

Kuala Lumpur City Hall, under the Federal Territories Department, issued a statement on Friday saying there was no general ban on the sale of alcohol in premises such as supermarkets and convenience stores under his authority.

“There is no such ban by Kuala Lumpur City Hall unless the locals selling them have not been licensed for such activities in the first place. Restaurants may be open, but since no dining is allowed, there should be no serving of alcohol.

“Pubs and karaoke bars are closed, so the issue of serving alcohol does not arise,” Federal Territories Minister Annuar Musa said, quoted by The Star news site.

“As for supermarkets, they are allowed to open and can therefore sell alcohol if they are licensed to sell it. It’s very clear, “he added.



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Value ETFs keep their lead on the mixed trading day https://www.roddaandsons.com/value-etfs-keep-their-lead-on-the-mixed-trading-day/ https://www.roddaandsons.com/value-etfs-keep-their-lead-on-the-mixed-trading-day/#respond Thu, 03 Jun 2021 18:12:10 +0000 https://www.roddaandsons.com/value-etfs-keep-their-lead-on-the-mixed-trading-day/ The value style and associated exchange-traded funds held their lead as US markets stumbled Thursday amid bullish data that helped fuel inflation concerns, despite reports President Joe Biden was withdrawing his proposal to increase corporate tax. Major indices reduced losses early in the morning, with the Dow Jones Industrial Average turning green in mid-Thursday after […]]]>


The value style and associated exchange-traded funds held their lead as US markets stumbled Thursday amid bullish data that helped fuel inflation concerns, despite reports President Joe Biden was withdrawing his proposal to increase corporate tax.

Major indices reduced losses early in the morning, with the Dow Jones Industrial Average turning green in mid-Thursday after Biden made large concessions amid talks with Republicans over the spending bill infrastructure, Reuters reports.

“The tax structure has now gone from a headwind to a tailwind,” Rob Sechan, managing partner and co-founder of NewEdge Wealth told Reuters.

Meanwhile, a better-than-expected US weekly unemployment report and private employment figures for May reflected an improving labor market. A measure of service sector activity also hit an all-time high, signaling a strong economic rebound.

“Strong jobs data challenges the inflation narrative as better jobs lead to higher spending, which would contribute more to inflationary trends,” Sean O’hara, chairman of Pacer ETF, told Reuters .

However, stronger economic data points fueled fears that the Federal Reserve would ease its accommodative measures earlier than expected to avoid inflation risks.

“Inflation and central banks continue to focus and when they decline,” said Caroline Simmons, UK investment manager at UBS Global Wealth Management. the Wall Street newspaper. “If the job market comes in stronger than expected then it will raise the debate that the economy is on the right track, job growth is good and therefore we will end up with wage increases and, at a given moment, domestic inflation. “

Investors interested in a targeted approach to the value segment can turn to the American Century STOXX US Quality Value ETF (NYSEArca: VALQ). VALQ’s stock selection process includes a value score based on value, earnings yield and cash flow yield, as well as a sustainable income score based on dividend yield, dividend growth and dividend coverage.

the American Century Focused Large Cap Value ETF (FLV) attempts to achieve long-term returns through an investment process that seeks to identify value and minimize volatility. FLV holdings and value stocks typically trade at lower prices than fundamental measures of value, such as earnings and book value of assets.

Finally, the Avantis US Small Cap Value ETF (AVUV), an actively managed ETF, seeks long-term capital appreciation. The fund invests primarily in small cap US companies and is designed to increase expected returns by focusing on companies that trade at what are thought to be low valuations with higher profitability ratios.

For more news, information and strategies, visit the Core Strategies channel.



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Vaccination against Covid-19 at full speed https://www.roddaandsons.com/vaccination-against-covid-19-at-full-speed/ https://www.roddaandsons.com/vaccination-against-covid-19-at-full-speed/#respond Thu, 03 Jun 2021 00:12:07 +0000 https://www.roddaandsons.com/vaccination-against-covid-19-at-full-speed/ Over 50 malls interested in becoming PPVs nationwide by end of June to help speed up vaccination and achieve herd immunity by NUR HANANI AZMAN / photo by HUSSEIN SHAHARUDDIN ALMOST all economic sectors are ready to roll out their vaccination programs to accelerate the National Covid-19 Vaccination Program (NCIP). The Malaysian Shopping Center Association […]]]>


Over 50 malls interested in becoming PPVs nationwide by end of June to help speed up vaccination and achieve herd immunity

by NUR HANANI AZMAN / photo by HUSSEIN SHAHARUDDIN

ALMOST all economic sectors are ready to roll out their vaccination programs to accelerate the National Covid-19 Vaccination Program (NCIP).

The Malaysian Shopping Center Association (MSMA) said it has received inquiries from more than 50 shopping centers interested in hosting Immunization Centers (PPVs) nationwide where some, recognizing the urgency to achieve collective immunity, have closed registrations for interested tenants and business partners.

“The shopping centers, as well as all the staff of the tenant traders, are indeed on the front line and we believe it is imperative that the vaccination exercise be implemented quickly.

“When vaccinated, our frontliners will not only protect themselves but, more importantly, properly protect buyers and the public,” he said in a statement yesterday, adding that the deployment is expected to take place by end of this month as planned.

Earlier, Home Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi said about 500,000 workers in the retail trade, as the frontline of the economy, will be vaccinated this month.

He said his ministry would work with the Complex Management Association of Malaysia, the Malaysia Retailers Association and the Malaysia Retail Chain Association to set up vaccination centers in strategic locations across the country.

Malaysian Reserve (TMR) recently reported that there had been concerns about profits on vaccine fees for mall workers.

The MSMA said that although vaccines are provided free of charge by the government, shopping malls participating as vaccination centers pay the doctors, nurses and doctors’ fees to ProtectHealth Corp Sdn Bhd and all other prior costs.

“Our members have estimated that the cost of providing the site, logistics, manpower and emergency ambulance service for the on-site vaccination centers will be RM100-150 per person. depending on the volume and total number of doses available each day, the total population to be vaccinated and the time to complete all doses, ”he said.

The MSMA said that in the interests of the national agenda, it was decided that shopping centers would largely subsidize these costs and be allowed to charge RM20 per person for two doses to partially cover their expenses and as a commitment of the declarant in order to avoid absenteeism. .

“As the doctors and nurses will charge 15 RM for administering one dose, or 30 RM for two doses, a total of 50 RM for both doses will be charged to participants, mainly only our frontline clients,” he said. declared.

Suria KLCC, Publika Shopping Gallery and Aeon Co (M) Bhd are among the participating shopping centers that have sent memos to their tenants and business partners of their participation in NCIP.

Echoing the association’s statement, these malls will charge a nominal fee of RM50 per person for two doses of the vaccine.

Likewise, the media also submitted the details of their staff for the vaccination.

This came after many parties called on the government to prioritize media professionals, who are on the front lines of news gathering, in the NCIP. They should also be vaccinated this month.

TMR recently announced that Pharmaniaga Bhd is on track to deliver seven million doses of Sinovac vaccine to state governments, government-related companies (GLC) and the private sector.

Of the total, four million doses have been requested by GLCs and private companies, while three million doses are intended for state governments with a high number of Covid-19 cases.

Health Minister Datuk Seri, Dr Adham Baba, said that once ready, these doses can be delivered immediately.

“We believe this can speed up collective immunity in areas that experience a high number of Covid-19 cases almost daily,” he said.

Other efforts to speed up the vaccination process include the 30 mobile vaccination trucks that will be activated in the areas of the people’s housing project and construction sites in the federal capital. Each mobile truck is capable of delivering 100 doses.

Meanwhile, private hospitals are also ready to administer Covid-19 vaccines in phase 2 of the NCIP, which covers the elderly, people with chronic illnesses and people with disabilities.

However, the Chairman of the Association of Private Hospitals of Malaysia, Datuk, Dr Kuljit Singh, reminded the public that this was not an opportunity for them to select the private hospital of their choice and register for the vaccine.

“The procedure and the process remain the same because the registration is always done via MySejahtera and only those who have the right to be vaccinated in phase 2 will be eligible without the possibility of choosing their hospital or their type of vaccine.

“Private hospitals are just one of the vaccination centers along with other public hospitals or community centers,” he said. VMR.

Phase 2 of the NCIP is expected to be completed in August, where vaccines are expected to be administered to 9.4 million people including the elderly, chronically ill and people with disabilities.

This group will be given priority to receive the Pfizer or Sinovac vaccines.

Currently, 12 private hospitals have been selected to assist the government under the NCIP and more are expected to join us, with over 100 private hospitals nationwide registered with ProtectHealth for the program.

“Vaccination in private hospitals is free because the cost will be paid by the government, while the additional cost will be absorbed by private hospitals.

“It is a social responsibility that private hospitals offer the public to quickly obtain collective immunity,” he added.

Dr Kuljit also hoped people wouldn’t rush to private hospitals looking for an opportunity to get vaccinated earlier.

He said all private hospitals participating in this program will follow the guidelines of the Special Committee to ensure access to the supply of Covid 19 vaccines, including the methodology for inoculating additional vaccines at each center, if applicable. .

“We have been informed by the Minister of Science, Technology and Innovation Khairy Jamaluddin Abu Bakar that there will be enough vaccines for more than 80% of the population by the end of the year, although the supply is slow at the moment, ”he said.

“Vaccination in private hospitals is free because the cost will be paid by the government, while the additional cost will be absorbed by private hospitals.

“It is a social responsibility that private hospitals offer to the public to quickly obtain collective immunity.”



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Derrius Guice could see his domestic violence charges dropped https://www.roddaandsons.com/derrius-guice-could-see-his-domestic-violence-charges-dropped/ https://www.roddaandsons.com/derrius-guice-could-see-his-domestic-violence-charges-dropped/#respond Wed, 02 Jun 2021 00:43:15 +0000 https://www.roddaandsons.com/derrius-guice-could-see-his-domestic-violence-charges-dropped/ Derrius Guice could actually get the charges dropped in his domestic violence case. Guice was released by Washington in August on domestic violence charges he confronted. The 23-year-old initially faced five counts, including one count of felony strangulation. The felony charge was dropped by the county prosecutor in January. The other four counts include: three […]]]>


Derrius Guice could actually get the charges dropped in his domestic violence case.

Guice was released by Washington in August on domestic violence charges he confronted. The 23-year-old initially faced five counts, including one count of felony strangulation. The felony charge was dropped by the county prosecutor in January. The other four counts include: three counts of assault and battery and one count of destruction of property.

However, the Washington Post reported on Tuesday that Guice and the victim reached an agreement in the case. The settlement, which usually includes a monetary amount, could result in the dropping of misdemeanor charges. A judge would have to approve the settlement and agree to the charges being dropped.

The victim alleged that Guice strangled her to the point of unconsciousness. She also alleged that he pushed her and broke his phone.

Guice, 23, entered the league as a second-round pick in 2018, but only appeared in five games for Washington. He suffered an ACL tear in his first preseason game, which cost him the entire 2018 season. His 2019 was cut short by both the MCL sprain and a meniscus tear that cost him most of the first semester.

Guice had 245 yards and two touchdowns on 42 rushing attempts last season.



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Sensex and Nifty End Flat Trade As Margin Rules Kick In; India VIX jumps 3% https://www.roddaandsons.com/sensex-and-nifty-end-flat-trade-as-margin-rules-kick-in-india-vix-jumps-3/ https://www.roddaandsons.com/sensex-and-nifty-end-flat-trade-as-margin-rules-kick-in-india-vix-jumps-3/#respond Tue, 01 Jun 2021 09:41:18 +0000 https://www.roddaandsons.com/sensex-and-nifty-end-flat-trade-as-margin-rules-kick-in-india-vix-jumps-3/ Stock market updates: A volatile stock market session peaked near the flat line on Tuesday as investors preferred to post profits after seven consecutive sessions of gains. That aside, a reduction in GDP growth predicted by global agency Moody’s and a decline in manufacturing activity have kept market players on the sidelines. Earlier today, Moody’s […]]]>


Stock market updates: A volatile stock market session peaked near the flat line on Tuesday as investors preferred to post profits after seven consecutive sessions of gains. That aside, a reduction in GDP growth predicted by global agency Moody’s and a decline in manufacturing activity have kept market players on the sidelines.

Earlier today, Moody’s said it expects the damage to the economy from the second wave of Covid-19 and subsequent lockdowns to be limited to the April to June 2021 quarter. Of the slowdown, he now expects India’s GDP in the fiscal year ending March 2022 to grow 9.3% and 7.9% in FY23.

Additionally, data released by IHS Markit showed orders and production at domestic factories slowed to a 10-month low in May, with most states restricting activities amid localized lockdowns. The manufacturing PMI slipped to 50.8 in May from 55.5 in April, making it one of the biggest drops.

Add to that, volumes have remained slim as peak 75% margin standards take effect from today.

Against this backdrop, the benchmark S&P BSE Sensex stood at 51,934 levels, down 2.5 points. The NSE’s Nifty50, on the other hand, ended at 15,575 levels, down 8 points or 0.05 percent. Earlier today, the 50-stock index hit a new all-time high of 15,660.75.

CGSB, Adani Ports, Bajaj Finance, SBI, Bajaj Auto, HUL, Tech M and HDFC were the main index gainers today, rising 1-4% while JSW Steel, Tata Steel, ICICI Bank, Grasim, UltraTech Cement, SBI Life, Hero MotoCorp and Infosys were the main laggards, dropping 2.3%.

Participation in the larger market space also remained subdued on Tuesday. The S&P BSE MidCap index closed 0.01% higher while the SmallCap index slipped 0.3%.

From a sector perspective, with the exception of the Nifty Media, Pharma and IT indices, all the other indices settled the day in the red. The Nifty Private Bank Index was the first loser, down 1 percent, while the Nifty IT Index gained 0.11 percent.

Global markets

European stocks hit new record highs on Tuesday, as high metal and oil prices boosted shares of major commodities companies, while data shows eurozone manufacturing activity increased to a record pace of 63.1 levels in May.

The pan-European STOXX 600 index gained 0.9 percent in the first trading session in June, while the leading UK index rose 1.1 percent. The German DAX jumped 1.3% to a new record, while the CAC 40 in France added 0.7%.

That aside, the MSCI Emerging Markets Equity Index rose 0.7 percent, while those of Turkey, South Africa and Russia gained between 0.2 and 1.3. percent.

In Asia, Japan’s Nikkei slipped 0.2%, South Korea’s Kospi slipped 0.5%, China’s Shanghai Composite slipped 0.26%, and Australia’s ASX200 slipped 0, 3%.

In the commodities market, Brent Brent futures rose more than 2% on Tuesday, approaching $ 71 a barrel, ahead of the OPEC + meeting scheduled for later today.

(With contributions from Reuters)



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Federal government transfers licenses to import, distribute and retail liquefied petroleum gas in Sarawak to state government https://www.roddaandsons.com/federal-government-transfers-licenses-to-import-distribute-and-retail-liquefied-petroleum-gas-in-sarawak-to-state-government/ https://www.roddaandsons.com/federal-government-transfers-licenses-to-import-distribute-and-retail-liquefied-petroleum-gas-in-sarawak-to-state-government/#respond Mon, 31 May 2021 12:42:32 +0000 https://www.roddaandsons.com/federal-government-transfers-licenses-to-import-distribute-and-retail-liquefied-petroleum-gas-in-sarawak-to-state-government/ The import, distribution and retailing of liquefied petroleum gas in the state of Sarawak will be regulated by the government of the state of Sarawak from June 1, 2021. Under the Sarawak Gas Distribution (Chapter 72) Ordinance 2016 (“Order‘), Which entered into service on July 1, 2018, various activities related to the importation, distribution and […]]]>


The import, distribution and retailing of liquefied petroleum gas in the state of Sarawak will be regulated by the government of the state of Sarawak from June 1, 2021.

Under the Sarawak Gas Distribution (Chapter 72) Ordinance 2016 (“Order‘), Which entered into service on July 1, 2018, various activities related to the importation, distribution and retailing of gas, including liquefied petroleum gas, in the state of Sarawak will require a license. issued by the director of gas distribution under the ordinance.

To this end, the Federal Government of Malaysia has issued the Exemption notification (amendment) 2021 (“Change notification“) and the Order on the control of supplies (exemption) 2021 (“Exemption order”), Both of which will enter service on June 1, 2021.

The Notice of Change exempts the business of marketing or distributing natural gas and liquefied petroleum gas in the State of Sarawak from licensing requirements under sections 6 (1) or 6 (3) of the 1974 Act. oil development.

The exemption order exempts any licensee for the distribution and importation or retail sale of liquefied petroleum gas under the order (“dismissed”) Conditions of license under Regulation 3 of the Supply Control Regulations, 1974 subject to the following conditions:

  1. the incumbent ensures that the supply of liquefied petroleum gas to Sarawak is sufficient at all times;
  2. the licensee shall ensure that the supply of liquefied petroleum gas which is distributed, imported or retailed by the licensee is only marketed in Sarawak, except with the prior written authorization of the Minister of Internal Trade and Consumption;
  3. the licensee ensures that the subsidized price of liquefied petroleum gas complies with the price determined by the controller under the Price Control and Anti-Profit Law of 2011;
  4. the licensee obtains the supply of subsidized liquefied petroleum gas from a supplier as determined by the Ministry of Finance; and
  5. any other condition imposed by the Minister of Internal Trade and Consumer Affairs by notice.



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Is this the first truly global gas price benchmark? https://www.roddaandsons.com/is-this-the-first-truly-global-gas-price-benchmark/ https://www.roddaandsons.com/is-this-the-first-truly-global-gas-price-benchmark/#respond Sat, 29 May 2021 19:00:00 +0000 https://www.roddaandsons.com/is-this-the-first-truly-global-gas-price-benchmark/ TipRanks Billionaire George Soros chooses these 3 “Strong Buy” actions Some investors achieve legendary status, far surpassing their peers through a combination of luck and success. No one is perhaps more representative of it than George Soros, the Holocaust survivor who after the war earned a doctorate from the London School of Economics and went […]]]>


TipRanks

Billionaire George Soros chooses these 3 “Strong Buy” actions

Some investors achieve legendary status, far surpassing their peers through a combination of luck and success. No one is perhaps more representative of it than George Soros, the Holocaust survivor who after the war earned a doctorate from the London School of Economics and went into banking to make his mark. He was very successful. The hedge fund he founded, Soros Fund Management, achieved an average annualized return of 33% from 1970 to 2020, making it the most successful hedge fund in history. Soros’ greatest success came on September 16, 1992, when he “broke the Bank of England”. He had taken a short position on the pound sterling, which rose to $ 10 billion, and when the pound fell in response to the policy shift, he personally gained $ 1 billion in a single day. Soros hasn’t always been right in his financial appeals, but he’s more often right than wrong. He is also known for his good words when it comes to trading. “It’s not whether you’re right or wrong,” Soros said, “but how much money you make when you’re right and how much you lose when you’re wrong.” With this in mind, we decided to take inspiration from the recent activity of Soros Fund Management. By managing three stocks that the fund raised in the first quarter through the TipRanks database, we found that the analyst community was on board as well, as each sports a “Strong Buy” consensus rating. Farfetch, Ltd. (FTCH) We will start with an online retail inventory, Farfetch, a company specializing in the sale of luxury goods and brands. Farfetch is a truly international company, founded in Portugal, headquartered in London with offices in New York and Los Angeles, Tokyo and Shanghai, and Brazil. Like many tech-focused companies, Farfetch operated at a loss – but in the first quarter of this year the company made a sharp turnaround in profitability. The 1Q21 earnings report showed after-tax profit of $ 516.7 million, compared to a quarterly loss of $ 79.2 million a year ago. The company disclosed that this gross profit included a one-time non-cash benefit of $ 660 million “arising from the lower impact of the share price on items held at fair value and revaluations.” Total operating revenue was reported at $ 485 million, up 46% year-over-year, and above the $ 457 million expected by analysts. A key metric, the gross merchandise value of orders processed on the company’s platform, increased 49% year-over-year to $ 915.6 million. Farfetch’s success is built on a strong user base. The company has more than 3 million active customers and operates in 190 countries. The platform’s vendors have made available more than 1,300 luxury brands. Even after a decline in the stock’s value in the first half of 2021, the stock has still risen 234% in the past 12 months. Among the FTCH fans is Soros. In his most recent disclosure, Soros revealed that his fund had purchased 125,000 shares of FTCH, a stake now valued at more than $ 5.5 million. As for the analyst community, 5-star Credit Suisse analyst Stephen Ju credits FTCH with an outperformance (i.e. a buy) with a price target of $ 78. Investors are expected to pocket a gain of around 88% if the analyst’s thesis comes to fruition. (To view Ju’s track record, click here) “We have a positive opinion on the Company’s continued Adjusted EBITDA forecast as Farfetch will reinvest the highest revenue contributions into customer acquisition – supporting long-term adoption rates. We are modeling ~ 700,000 new customers for 2021, ~ 600,000 for 2022 and from 2023 our expectations are also unchanged at ~ 1.2 million to 1.5 million, ”Ju said. The analyst summed up: “Our investment thesis points remain: 1) the large addressable $ 300 billion market remains fragmented and underpenetrated, 2) relative protection against competition from larger cap online competitors. , 3) exposure to the growing adoption of luxury goods in the APAC region as well as emerging markets. ”Most analysts support Ju’s confident view of the online fashion company, as TipRanks analyzes present FTCH as a strong buy. Based on 8 analysts polled in the past 3 months, 6 attribute the stock to a buy, while 2 attribute it to a wait. The 12-month average price target is 60. $ 63, which is an increase of around 37% from current levels. (See FTCH market analysis on TipRanks) Coursera (COUR) The next stock we are looking at, Coursera, is a MOOC company – a provider very open online course. C he niche is leveraging the size and reach of the Internet to make a wide range of high-level university courses available to the general public. Coursera is a leader in the field and, since its inception in 2012, it has made available over 4,000 courses from over 200 universities, in over 30 study programs, and at a lower cost than coursework. in person. Through Coursera, students can take courses at top schools such as Imperial College London, University of Illinois at Urbana-Champaign, University of Michigan, and Johns Hopkins. The company boasts that over 77 million students have used its services. Although the company is 9 years old, it is new to public procurement; Coursera held its IPO at the end of March this year. It made 15.73 million shares available on the NYSE, at an opening price of $ 33. It was the high end of the original price range, which was set between $ 30 and $ 33. Overall, the IPO raised $ 519 million, before expenses. In early May, Coursera published its first quarterly report since its IPO. The report showed total revenue of $ 88.4 million, a 64% year-over-year gain. The company’s gross profit, at $ 49.5 million, was up 71% from the quarter last year. George Soros saw an opportunity in this IPO, and his fund picked up 105,000 shares of the company. This new position is valued at ~ $ 4 million at the current share price. Among the bulls is 5-star analyst Ryan MacDonald, of Needham, who presents a clear and bullish case for Coursera shares. “Given the growing role of automation, the widening of the skills gap and the shift to e-learning, we believe that Coursera’s comprehensive platform will help it gain shares in a large TAM that we estimate between $ 47 billion and $ 50.6 billion. As the COVID-focused tailwind for the growth of enrolled learners in FY20 creates a difficult comparison for the consumer segment in FY21, we believe that Coursera’s effective GTM move and the passage higher value corporate and degree offerings can generate 25% + sustainable growth and gross margin expansion, ”MacDonald noted. To that end, MacDonald gives COUR a buy rating and his price target of $ 56 indicates confidence in a 47% hike over the next 12 months. (To view MacDonald’s track record, click here) During its short time on the stock market, COUR garnered 14 analyst reviews, with a split of 12 buys into 2 holds to support the Strong Buy consensus rating. The shares are trading at $ 38 and their average price target of $ 54.67 implies a one-year rise of 44%. (See COUR stock market analysis on TipRanks) Sotera Health (SHC) Last on our list of new positions from George Soros is Sotera Health, a holding company whose subsidiaries offer a range of consulting, laboratory testing and sterilization services in the health sector. Sotera’s activities serve more than 5,800 healthcare customers in more than 50 countries. The company has 13 laboratories capable of performing more than 800 tests and 50 sterilization facilities. Sotera’s customer base includes 75 of the top 100 medical device manufacturers and 8 of the top 10 pharmaceutical companies. SHC’s shares went public on November 24 last year, in an IPO that sold 53.6 million shares and raised $ 1.2 billion. The capital raised was used to repay the existing debt. The company has worked diligently to reduce debt levels and, in the 1Q21 report, said it has total debt of $ 1.87 billion and free cash flow of $ 108 million. First quarter net sales were $ 212 million, up 13% from the previous year. Net income showed a strong gain, going from a loss of 1 cent per share a year ago to earnings per share of 4 cents. In the first quarter, Soros took a new position in Sotera, buying 179,274 shares of the title. At the current share price, this stake is worth over $ 4.3 million. Tycho Peterson, 5-star analyst at JPMorgan, likes SHC and rates the stock overweight (i.e. buy). Its price target of $ 35 suggests a 45% rise from current trading levels. (To see Peterson’s track record, click here) Supporting his position, Peterson writes: “First quarter results have been generally strong, and while the forecast remains unchanged, it should provide an upward path for the 2021 balance. , as we continue to be fans of the company’s diverse operating platform, rigorous multi-year contracts, an efficient pricing strategy and high regulatory oversight, while supporting its broad competitive divide, with FCF to support the deleveraging… ”Overall, The Street is unanimous in its outlook on Sotera shares; the stock recently received 8 positive reviews supporting its consensus rating from Strong Buy analysts. The shares are trading at $ 24.06 and their average price target of $ 31.75 implies a year-over-year rise of ~ 32%. (See SHC Stock Analysis on TipRanks) To find great ideas for stocks traded at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that brings together all the information about TipRanks stocks. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.



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Sufficient supplies of essential items during Gawai, the people of Kapit ensured https://www.roddaandsons.com/sufficient-supplies-of-essential-items-during-gawai-the-people-of-kapit-ensured/ https://www.roddaandsons.com/sufficient-supplies-of-essential-items-during-gawai-the-people-of-kapit-ensured/#respond Sat, 29 May 2021 00:06:06 +0000 https://www.roddaandsons.com/sufficient-supplies-of-essential-items-during-gawai-the-people-of-kapit-ensured/ Buyers are seen at Terasang Market. KAPIT (May 29): The Ministry of Internal Trade and Consumption (KPDNHEP) has assured residents of Kapit, Song, Bukit Mabong and Belaga districts that there are sufficient essential food items throughout this season. Gawai Dayak. Ministry chief Al-Redzamani Abdul Razak said 10 items had been listed under the Holiday Season […]]]>


Buyers are seen at Terasang Market.

KAPIT (May 29): The Ministry of Internal Trade and Consumption (KPDNHEP) has assured residents of Kapit, Song, Bukit Mabong and Belaga districts that there are sufficient essential food items throughout this season. Gawai Dayak.

Ministry chief Al-Redzamani Abdul Razak said 10 items had been listed under the Holiday Season Maximum Price Control Program (SHMMP) for Gawai until June 3.

These are live chickens, standard chickens (slaughtered and cleaned with thighs, heads, liver and giblets or part thereof), super chicken (slaughtered and cleaned, without thighs, heads, liver and giblets) ), Class A chicken eggs (weighing between 65 g and 69.9 g), Class B chicken eggs (weighing between 60 g and 64.9 g each), Class C chicken eggs (weighing between 55 g and 59.9 g each), old live chicken, chicken wings, pork (belly) and pork (meat and fat).

“Based on our regular inspection and also feedback from retailers and suppliers, the level of supply is stable and should be sufficient to meet demand.

“Nonetheless, our KPDNHEP teams continue to closely oversee and monitor selling and buying trends during the current period of the Movement Control Order (MCO), as well as ensuring that every trader is in compliance. strictly to the price control system for Gawai 2021.

“We aim to promote a healthy business environment and a win-win situation between traders and consumers,” Al Redzamani said in a statement.

He also warned that harsh action would await any trader caught raising the price of any of the items checked during the SHMMP Gawai 2021 period.

“Any consumer who finds a merchant who is not following the program or who notices other unscrupulous business practices can file a report by calling our hotline 1-800-886-800, or texting WhatsApp via 019-2794317.

“Also, search for KPDNHEP on Facebook, or go to the Kapit KPDNHEP office behind Meligai Hotel, which is open 8 am-5pm every working day,” he said.

Meanwhile, an investigation here yesterday showed that many buyers were sourcing not only for the Gawai Dayak celebration, but also for the state’s MCO, which goes into effect today.

Terasang Market, Pasar Tani Kapit, Kapit Night Market, cold stores and various supermarkets were crowded with more customers than usual.

A local resident, who wishes to be identified only as “Ms. Chen,” said her husband reminded her to buy additional vegetables and meat for their family’s consumption over the next few days.

“I bought various greens, pork and also fish – these should last for the next few days.

“We adults don’t mind that much, but it’s the children who need more food to grow up,” Jalan Selirik’s housewife said when she met at Terasang market yesterday.

Penghulu Allan Tubam said he spent most of his time in his longhouse throughout the various stages of the AGC.

“I would not go down to the town of Kapit, unless there were urgent or official tasks to be accomplished.

“I believe in taking care of myself and my family as much as possible. I want to protect them from Covid-19. As a community leader, I have to set a good example for my followers, ”he said, adding that he and other community leaders had come to get vaccinated against Covid-19.

“This morning (yesterday), I took the opportunity to buy additional food, drinks before going back to my longhouse.

“With the MCO going into effect on May 29, I would not be shopping in Gawai. These extra foods and drinks are for my household stock, ”said Allan, whose grocery list included pork, eggs, chicken wings and other meats, cookies and canned foods.










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Trump’s trade wars are still on and you are still losing https://www.roddaandsons.com/trumps-trade-wars-are-still-on-and-you-are-still-losing/ https://www.roddaandsons.com/trumps-trade-wars-are-still-on-and-you-are-still-losing/#respond Fri, 28 May 2021 13:30:19 +0000 https://www.roddaandsons.com/trumps-trade-wars-are-still-on-and-you-are-still-losing/ Thomas L. Knapp In 2018, telling us that “trade wars are good and easy to win,” then-President Donald Trump imposed tariffs of 15-25% (against the previous rate of 10% and the tariff average of 1.6%) on various Chinese products. , ranging from “dental cement and other dental fillings” to “trout, fresh or chilled, excluding fillets, […]]]>


Thomas L. Knapp

In 2018, telling us that “trade wars are good and easy to win,” then-President Donald Trump imposed tariffs of 15-25% (against the previous rate of 10% and the tariff average of 1.6%) on various Chinese products. , ranging from “dental cement and other dental fillings” to “trout, fresh or chilled, excluding fillets, other portions of meat, livers and eggs”.

China was not the only target. Trump also imposed a 20% tariff on Canadian lumber.

It turns out (as if we didn’t already know from previous experiences) that trade wars are bad and almost impossible to “win”, if “winning” means making the citizens of the country that imposes tariffs more prosperous.

Sure, some the people – the owners and some of the workers in industries Trump claimed to “protect” – came out on top. But everyone lost.



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US To Sue Canada Over Dairy Practices As Hopes For Better Trade Fade | International exchange https://www.roddaandsons.com/us-to-sue-canada-over-dairy-practices-as-hopes-for-better-trade-fade-international-exchange/ https://www.roddaandsons.com/us-to-sue-canada-over-dairy-practices-as-hopes-for-better-trade-fade-international-exchange/#respond Thu, 27 May 2021 15:23:00 +0000 https://www.roddaandsons.com/us-to-sue-canada-over-dairy-practices-as-hopes-for-better-trade-fade-international-exchange/ After four tumultuous years living next to Donald Trump, many Canadians had hoped that relations with their closest neighbor would be reestablished under Joe Biden. The former president slapped the tariffs on Canadian steel and aluminum, threatened with levies on the auto sector and called Prime Minister Justin Trudeau “double-sided.” But in recent weeks, Canadian […]]]>


After four tumultuous years living next to Donald Trump, many Canadians had hoped that relations with their closest neighbor would be reestablished under Joe Biden. The former president slapped the tariffs on Canadian steel and aluminum, threatened with levies on the auto sector and called Prime Minister Justin Trudeau “double-sided.”

But in recent weeks, Canadian officials have faced growing tensions with the United States under Biden as leaders on both sides face domestic political challenges.

On Tuesday, U.S. Trade Representative Katherine Tai announced plans to sue Canada for its controversial dairy practices, accusing the country of violating the U.S.-Mexico-Canada agreement, the free trade pact set up to date of the continent.

For years, Canada strictly controlled the production of milk, butter and cheese through supply management – a complex system of production controls and tariffs designed to keep domestic prices stable. Imported products – like American cheese – are hit with a 300% levy.

Although Canada has announced its intention to allow more imports without high tariffs, Tai alleged that Canada still uses its complex licensing and tariff system to favor Canadian producers over the products of Canadian producers. other countries.

Canada’s Trade Minister Mary Ng said in a statement she was “disappointed” with the move and that her government would “protect and defend” the practice of supply management. Many of the farmers benefiting from the program are in the province of Quebec, a key electoral battleground.

Trudeau played down the strain on dairy, saying there will “always be issues that Canada and the United States disagree on.”

The disagreements include an announcement last week by the US Department of Commerce to double tariffs on lumber, the latest move in a feud that has persisted for nearly four decades. Canada has also become frustrated that Biden has not publicly supported Canada in a dispute with Michigan over Line 5, an oil and natural gas pipeline that Ottawa says is critical to its economy and its operations. energy needs.

“Canada is somewhat at a disadvantage when it comes to trade relations with the United States. It’s close and it’s more domestic. We don’t feel that we are dealing with China and we should be careful, ”said Christopher Sands, director of the Canadian Institute at the Wilson Center in Washington. “With Canada, there is this perception that we can face them, we are not afraid of them.

Dairy and timber are issues that Canadian officials might have hoped could be negotiated more favorably under Biden.

But a tightly divided Congress and looming midterm elections mean Biden and the Democratic Party feel immense political pressure to be strong on trade, Sands said – meaning there is little appetite for them. trade concessions. “No one on Capitol Hill wants to run in the next election saying they let Canadians get away with it,” he said.

The timing for Trudeau was also poor.

Hoping to convert his parliamentary minority into a majority, the prime minister is now tasked with handling a number of issues in the country’s main electoral regions.

“Ottawa was probably hoping that it could gain more time on all of these disputes, maybe even after the fall election,” Sands said. “This does not seem to be the case.”



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