Sun Life's second-quarter profit rises on growth in Asia, wealth management unit
The country's second-largest life insurer posted net income of C$716 million ($520.88 million), or C$1.26 per share, for the three months ending June 30, compared to C$646 million, or C$1.11 per share, a year earlier.
($1 = 1.3746 Canadian dollars)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
22 minutes ago
- Yahoo
1 Magnificent Canadian Tech Stock Down 42% to Buy and Hold Forever
Written by Amy Legate-Wolfe at The Motley Fool Canada When most investors think of Canadian tech, Shopify usually steals the spotlight. But dig a little deeper, and you'll find a lesser-known legend quietly turning its ship around: BlackBerry (TSX:BB). Yes, the same BlackBerry that once dominated your high school group chats is now powering the world's most secure communications and autonomous vehicles. And with shares down roughly 42% from 52-week highs, it may be one of the most magnificent Canadian tech stocks to buy and hold forever. About BlackBerry Before diving into why BlackBerry deserves a spot in your long-term portfolio, let's look at how far it has come. This isn't the same company that fizzled out in the smartphone wars. BlackBerry has completely reinvented itself, leaning into cybersecurity, artificial intelligence (AI), and embedded automotive software. It has gone from making phones to powering them, under the hood, literally. BlackBerry's recent earnings report for Q1 fiscal 2026 is a strong sign that the strategy is working. Revenue came in at $121.7 million, beating guidance. That's no small feat in today's macro environment. It also posted adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $16.4 million, another beat. The turnaround isn't just a one-quarter wonder. Its QNX segment, used in over 235 million cars globally, delivered $57.5 million in revenue, up 8% year over year. The division also produced an impressive adjusted EBITDA margin of 22%. Secure Communications, which includes government-grade cybersecurity offerings, posted $59.5 million in revenue and a 70% gross margin. Both segments beat guidance. That's not luck. That's execution. Why the dip? Despite the strong performance, BlackBerry stock is trading at around $5.09, far below its 52-week high of $8.86. That's a 42% drop, even though the business itself is in better shape than it has been in years. Part of this disconnect is due to the broader tech sell-off and investor fatigue from its past disappointments, not to mention meme stock history. But long-term investors know that price and value are not the same. From a valuation perspective, BlackBerry is now trading at 4 times sales and 3 times book value. Its forward price-to-earnings ratio sits at 36.1, which isn't outrageous for a tech company with renewed profitability, a clean balance sheet, and exposure to high-growth areas like embedded systems and cybersecurity. What to watch Cash is another feather in its cap. BlackBerry ended the quarter with $381.9 million in total cash and investments, compared to $235.7 million in debt. That gives it the flexibility to invest in growth or return capital to shareholders, which it did, buying back 2.6 million shares this quarter. In fact, the company just launched a share buyback program that shows it believes the stock is undervalued. Of course, it's not all smooth sailing. The company is still in the midst of proving its relevance in today's fast-moving tech world. Quarterly revenue fell slightly year over year, and the Secure Communications' net revenue retention rate dipped from 93% to 92%. But these are manageable bumps on an otherwise improving road. Looking ahead, BlackBerry is guiding for up to $538 million in total revenue for fiscal 2026 and non-GAAP earnings per share between $0.08 and $0.10. For a stock priced just over $5, that's compelling. It means investors are buying into a rare Canadian company that offers software-driven recurring revenue, growing margins, and, finally, net income. Bottom line So, is BlackBerry still a long shot? Maybe. But it's a lot less speculative than it used to be. The company has carved out a strong position in automotive tech and cybersecurity – two areas that aren't going anywhere. Its balance sheet is healthy. Its margins are expanding. And it just proved it can turn a profit. In short, this is no longer a turnaround story. It's a comeback. And with shares still deeply discounted from their highs, now may be the time to grab a slice and hold it for the long haul. Because when it comes to tech stocks you can actually feel good about owning in Canada, BlackBerry might just be one of the most magnificent. The post 1 Magnificent Canadian Tech Stock Down 42% to Buy and Hold Forever appeared first on The Motley Fool Canada. Should you invest $1,000 in BlackBerry right now? Before you buy stock in BlackBerry, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and BlackBerry wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading 10 Stocks Every Canadian Should Own in 2025 3 Canadian Companies Powering the AI Revolution Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify. The Motley Fool has a disclosure policy. 2025
Yahoo
22 minutes ago
- Yahoo
Coraza Integrated Technology Berhad's (KLSE:CORAZA) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Most readers would already be aware that Coraza Integrated Technology Berhad's (KLSE:CORAZA) stock increased significantly by 8.4% over the past month. However, we wonder if the company's inconsistent financials would have any adverse impact on the current share price momentum. In this article, we decided to focus on Coraza Integrated Technology Berhad's ROE. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. 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. How Do You Calculate Return On Equity? ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Coraza Integrated Technology Berhad is: 6.3% = RM8.4m ÷ RM133m (Based on the trailing twelve months to March 2025). The 'return' is the yearly profit. One way to conceptualize this is that for each MYR1 of shareholders' capital it has, the company made MYR0.06 in profit. See our latest analysis for Coraza Integrated Technology Berhad What Is The Relationship Between ROE And Earnings Growth? So far, we've learned that ROE is a measure of a company's profitability. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. A Side By Side comparison of Coraza Integrated Technology Berhad's Earnings Growth And 6.3% ROE At first glance, Coraza Integrated Technology Berhad's ROE doesn't look very promising. However, its ROE is similar to the industry average of 6.2%, so we won't completely dismiss the company. Having said that, Coraza Integrated Technology Berhad's five year net income decline rate was 33%. Remember, the company's ROE is a bit low to begin with. So that's what might be causing earnings growth to shrink. However, when we compared Coraza Integrated Technology Berhad's growth with the industry we found that while the company's earnings have been shrinking, the industry has seen an earnings growth of 11% in the same period. This is quite worrisome. Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about Coraza Integrated Technology Berhad's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry. Is Coraza Integrated Technology Berhad Efficiently Re-investing Its Profits? Coraza Integrated Technology Berhad doesn't pay any regular dividends, meaning that potentially all of its profits are being reinvested in the business, which doesn't explain why the company's earnings have shrunk if it is retaining all of its profits. It looks like there might be some other reasons to explain the lack in that respect. For example, the business could be in decline. Conclusion In total, we're a bit ambivalent about Coraza Integrated Technology Berhad's performance. While the company does have a high rate of profit retention, its low rate of return is probably hampering its earnings growth. With that said, we studied the latest analyst forecasts and found that while the company has shrunk its earnings in the past, analysts expect its earnings to grow in the future. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company. 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
22 minutes ago
- Yahoo
Japan index hits record high on earnings boost, other Asian markets ease
By Gregor Stuart Hunter SINGAPORE (Reuters) -Japanese shares surged on Friday after positive earnings reports and expectations the U.S. would remove overlapping tariffs on the country's goods, while shares were down in other Asian markets after a late retreat on Wall Street during the previous session. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.4% with Hong Kong's market leading declines, after U.S. stocks ended the previous session with mild losses after nearing a one-week high. Meanwhile, Japanese stocks soared, with the Nikkei 225 up 2% and the Topix index hitting a fresh record, trading above 3,000 for the first time. Shares in SoftBank Group rallied as much as 11% after the technology investor reported that it swung back to profit in the first quarter. Sony Group gained 6%, adding to its earnings-fuelled 4.1% advance from Thursday. U.S. stock futures, the S&P 500 e-minis, were up 0.3%, while Nasdaq futures rose 0.4%, on track to extend gains into a third day. The rally for stocks comes "against the backdrop of an emerging titanic dovish pivot at the Federal Reserve," said Tony Sycamore, market analyst at IG in Sydney. U.S. President Donald Trump said on Thursday he would nominate Council of Economic Advisers Chairman Stephen Miran for the vacant seat at the Federal Reserve while the White House seeks a permanent addition to the central bank's governing board and continues its search for a new Fed chair. The market is also digesting a Bloomberg News report that Fed Governor Christopher Waller is the top candidate to replace Chair Jerome Powell, whose term ends on May 15, 2026. The yield on benchmark 10-year Treasury notes rose to 4.2461%, up from the U.S. close of 4.244% on Thursday, after weak demand at an auction of 30-year bonds, the latest in a string of lacklustre sales this week. The rally for Japanese stocks follows a mixed bag of earnings reports for the country's biggest exporters, as some companies like Toyota Motor slashed their profit forecasts, while Sony and Honda said the impact would be less than feared. As the effective date of recent U.S. trade duties arrived, Tokyo's trade negotiator said the U.S. government on Thursday promised it would fine-tune some of its overlapping tariffs on Japanese goods to avoid the duties being paid on some products twice. Hong Kong's Hang Seng Index fell 0.6%, with technology shares leading declines and China's blue-chip CSI 300 index slipped 0.1%. Australian stocks were 0.2% lower. The dollar rose 0.1% against the yen to 147.27. Japanese household spending data released Friday, which provides clues to consumption and wage trends that the Bank of Japan is monitoring to determine the timing of its next rate hike, rose at a slower-than-anticipated 1.3%. The European single currency was flat at $1.1669, having gained 2.23% in a month, while the dollar index, which tracks the greenback against a basket of currencies of other major trading partners, was up 0.2% at 98.124. In commodity markets, Brent futures were unchanged at $66.45, while U.S. crude futures were little changed at $63.81 a barrel. Gold was 0.4% lower, with bullion last trading at $3391.157 per ounce. [GOL/]
