Indira IVF Said to Revive India IPO That May Raise $408 Million
The company, backed by private equity firm EQT AB, plans to submit the so-called draft red herring prospectus later this month, according to the people, who asked not to be identified discussing a private matter. The deal won't involve the issue of new stock as existing shareholders will be selling their holdings, the people said.
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Bloomberg
9 minutes ago
- Bloomberg
India's Volatility Index Dips on Easing Tariff Concerns, Rate Cut Hopes
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Chiranjivi Chakraborty, an equities reporter in Mumbai. Local traders are set to start the day on the backfoot following the selloff on Wall Street and a choppy trend in regional markets. Till India's trade deal with the US is sealed, big moves could likely be limited to companies announcing quarterly numbers. Tech Mahindra 's results later in the day will be closely watched after underwhelming numbers from TCS and HCL Technologies have further soured the outlook for the IT sector.
Yahoo
13 minutes ago
- Yahoo
Chasen Holdings (SGX:5NV) Shareholders Will Want The ROCE Trajectory To Continue
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Speaking of which, we noticed some great changes in Chasen Holdings' (SGX:5NV) returns on capital, so let's have a look. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on Chasen Holdings is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.017 = S$1.7m ÷ (S$205m - S$105m) (Based on the trailing twelve months to March 2025). Thus, Chasen Holdings has an ROCE of 1.7%. Ultimately, that's a low return and it under-performs the Commercial Services industry average of 4.8%. See our latest analysis for Chasen Holdings While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you want to delve into the historical earnings , check out these free graphs detailing revenue and cash flow performance of Chasen Holdings. We're delighted to see that Chasen Holdings is reaping rewards from its investments and is now generating some pre-tax profits. About five years ago the company was generating losses but things have turned around because it's now earning 1.7% on its capital. In addition to that, Chasen Holdings is employing 39% more capital than previously which is expected of a company that's trying to break into profitability. We like this trend, because it tells us the company has profitable reinvestment opportunities available to it, and if it continues going forward that can lead to a multi-bagger performance. Another thing to note, Chasen Holdings has a high ratio of current liabilities to total assets of 51%. This effectively means that suppliers (or short-term creditors) are funding a large portion of the business, so just be aware that this can introduce some elements of risk. While it's not necessarily a bad thing, it can be beneficial if this ratio is lower. In summary, it's great to see that Chasen Holdings has managed to break into profitability and is continuing to reinvest in its business. And investors seem to expect more of this going forward, since the stock has rewarded shareholders with a 56% return over the last five years. In light of that, we think it's worth looking further into this stock because if Chasen Holdings can keep these trends up, it could have a bright future ahead. If you want to know some of the risks facing Chasen Holdings we've found 2 warning signs (1 makes us a bit uncomfortable!) that you should be aware of before investing here. While Chasen Holdings may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here. — Investing narratives with Fair Values MicroStrategy: Volatile Gamble or Golden Opportunity? By BlackGoat – Community Contributor Fair Value Estimated: $663.00 · 0.3% Overvalued Emerging Markets and Debt Reduction Will Propel Bath & Body Works Forward By Zwfis – Community Contributor Fair Value Estimated: $40.73 · 0.2% Overvalued An amazing opportunity to potentially get a 100 bagger By davidlsander – Community Contributor Fair Value Estimated: $10.00 · 0.1% Undervalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
16 minutes ago
- Yahoo
Asia shares struggle, dollar soars on lowered Fed rate cut bets
By Kevin Buckland TOKYO (Reuters) -Asian stock markets were under pressure on Wednesday while the dollar climbed to its firmest against the yen since early April, after U.S. inflation suggested tariffs are pushing prices up, dampening expectations for Federal Reserve policy easing. U.S. Treasury yields ticked to the highest in more than a month, lifting the dollar against the yen in particular. However, tech shares remained resilient following a 4% rally in artificial-intelligence darling Nvidia overnight. Brent crude continued to hover around $69 per barrel. Data on Tuesday showed U.S. consumer prices rose 0.3% in June, in line with forecasts, but the largest gain since January. Economists attributed the rise in prices across goods such as coffee and home furnishings to the Trump administration's escalating import tariffs. The Fed has been keeping interest rates steady as it has waited for indications of the inflationary impact from tariffs, which Chair Jerome Powell had said he expected in the summer. "We know the revealed preference of Fed Chair Powell, along with a few of his colleagues, is to wait for these tariff impacts to come through, and those in that camp are seeing that view bolstered by this data," Taylor Nugent, senior economist at National Australia Bank, said in a podcast. As a result, markets saw "a fairly significant trimming of Fed expectations" for rate cuts, Nugent said. Traders currently price in 43 basis points of rate reductions for the rest of this year, with 56.5% odds of a quarter-point cut in September. Investors will now carefully monitor producer price data due later on Wednesday, looking for signs of whether inflationary pressures are also building on the factory floor. Australia's equity benchmark South Korea's KOSPI each lost around 0.6% as of 0127 GMT. Mainland Chinese blue chips slipped 0.1%. Japan's tech- and exporter-heavy Nikkei was flat after alternating between small gains and losses, supported by both Nvidia's fortunes and the weak yen. Taiwan's benchmark added 0.5% and Hong Kong's Hang Seng jumped 0.8%, adding to Tuesday's 1.6% tech-driven rally. U.S. S&P 500 futures eased 0.2%, after a 0.4% decline for the cash index overnight. Beyond the Fed and U.S. President Donald Trump's tariffs, the earnings season is another focal point for investors. Results from JPMorgan Chase and Citigroup beat expectations, but were met with a mixed market response. Wells Fargo cut its 2025 net interest income guidance even as it beat second-quarter profit expectations. Bank earnings due on Wednesday include Goldman Sachs, Morgan Stanley and Bank of America. U.S. 10-year Treasury yields rose as high as 4.495% on Wednesday, the highest since June 11. The dollar stuck close to a multi-week high against major peers. The dollar index was little changed at 98.545 after rising as high as 98.699 on Tuesday for the first time since June 23. The U.S. currency was steady at 148.785 yen, and earlier rose to 149.04 for the first time since April 3, in the aftermath of Trump's "Liberation Day" tariff announcement. The euro edged up 0.1% to $1.1612, trying to pull away from Tuesday's three-week low of $1.1593. Cryptocurrency bitcoin added about 1% to $117,696, as it stabilised following its 6% pullback earlier this week from Monday's all-time high at $123,153.22. Gold added 0.3% to around $3,332. Brent crude futures fell 5 cents to $69.16 a barrel, while U.S. West Texas Intermediate crude futures declined 9 cents to $66.89 a barrel. Both contracts settled more than $1 lower in the previous session. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
