Nidec Builds Made-in-China EV Motor to Help Toyota Catch Rivals
About 99% of the materials and parts in the E-axle motor are from China, said Nidec president Kishida. Building the integrated motor was 'incredibly tough,' he said in an interview last week.
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18 minutes ago
- Yahoo
Keppel's (SGX:BN4) Shareholders May Want To Dig Deeper Than Statutory Profit
Explore Keppel's Fair Values from the Community and select yours The recent earnings posted by Keppel Ltd. (SGX:BN4) were solid, but the stock didn't move as much as we expected. We think this is due to investors looking beyond the statutory profits and being concerned with what they see. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. How Do Unusual Items Influence Profit? For anyone who wants to understand Keppel's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit gained from S$431m worth of unusual items. While it's always nice to have higher profit, a large contribution from unusual items sometimes dampens our enthusiasm. We ran the numbers on most publicly listed companies worldwide, and it's very common for unusual items to be once-off in nature. And, after all, that's exactly what the accounting terminology implies. Keppel had a rather significant contribution from unusual items relative to its profit to June 2025. All else being equal, this would likely have the effect of making the statutory profit a poor guide to underlying earnings power. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Our Take On Keppel's Profit Performance As we discussed above, we think the significant positive unusual item makes Keppel's earnings a poor guide to its underlying profitability. For this reason, we think that Keppel's statutory profits may be a bad guide to its underlying earnings power, and might give investors an overly positive impression of the company. But at least holders can take some solace from the 19% EPS growth in the last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. So while earnings quality is important, it's equally important to consider the risks facing Keppel at this point in time. Our analysis shows 3 warning signs for Keppel (1 is a bit unpleasant!) and we strongly recommend you look at these before investing. This note has only looked at a single factor that sheds light on the nature of Keppel's profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. 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
CNBC
20 minutes ago
- CNBC
Asia markets set to open lower as investors weigh Trump's vow on fresh chip tariffs
Asia-Pacific markets are set to start the day lower, following U.S. President Donald Trump's vow to impose a 100% tariff on imports of semiconductors and chips to the U.S., but companies that are "building in the United States" will be exempted. Details such as how much a company needs to be manufacturing in the U.S. to qualify for the tariff exemption were not immediately clear. Good morning from Singapore. Investors will be keeping a close watch on chip stocks following U.S. President Donald Trump's vow to impose 100% tariffs on imported semiconductors and chips, unless they are made by companies "building in the United States." Japan's benchmark Nikkei 225 was set to open lower, with the futures contract in Chicago at 40,785 while its counterpart in Osaka last traded at 40,790, against the index's last close of 40,794.86. Futures for Hong Kong's Hang Seng index stood at 24,903, pointing to a weaker open compared with the HSI's Wednesday close of 24,910.63. Australia's S&P/ASX 200 was set to start the day lower with futures tied to the benchmark at 8,779, compared with its last close of 8,843.70. — Amala Balakrishner President Donald Trump said late Wednesday that he would slap a 100% duty on imports of semiconductors and chips – with an exception for companies that are "building in the United States." "We're going to be putting a very large tariff on chips and semiconductors," he said, speaking in the Oval Office on Wednesday afternoon. "But the good news for companies like Apple is if you're building in the United States or have committed to build, without question, committed to build in the United States, there will be no charge," Trump added. Shares of Apple advanced 3% in extended trading, fresh off a 5% gain in the regular session. Stock chart icon Apple shares in the past day – Kevin Breuninger, Darla Mercado All the three major averages finished with gains on Wednesday. The S&P 500 advanced 0.73% to finish at 6,345.06, while the Nasdaq Composite jumped 1.21%, closing at 21,169.42. The Dow Jones Industrial Average also rose 81.38 points, or 0.18%, to end the day at 44,193.12. — Sean Conlon
Yahoo
31 minutes ago
- Yahoo
These are the top takeaways for investors from the latest high-profile earnings reports
The stock market has been buoyed by strong corporate earnings. Of the firms that have reported results, 82% have beaten estimates. Here are key takeaways for investors from recent earnings. Companies have reported mostly strong second-quarter earnings so far, but there are some specific takeaways investors should be aware of. So far, 82% of companies that have reported results have beaten estimated. According to FactSet, if that percentage holds, it will represent the highest percentage of quarterly earnings beats since the third quarter of 20221. Earnings will continue rolling in over the coming weeks, with tech titan Nvidia set to report at the end of August. Until then, here are some key insights from the last results: AMD & Super Micro: Trump's trade policy is hitting the semiconductor sector What happened: Advanced Micro Devices and Super Micro Computer both reported earnings for the second quarter on Tuesday, with mixed results. AMD beat on revenue, but missed earnings estimates slightly. The chipmaker posted adjusted earnings per share of $0.48, a hair below the expected $0.49 a share. Lisa Su, AMD's CEO, said the firm's AI revenue declined on a year-over-year basis largely due to US export restrictions, which have prevented AMD from selling its MI308 AI chip to China. Shares were down as much as 8% on Wednesday. Super Micro, meanwhile, missed slightly on both earnings and revenue. The chipmaker said revenue came in at $5.76 billion, below the expected $5.89 billion, and earnings per share came in at $0.41, below the $0.44 Wall Street expected. The miss was partly fueled by the impact of President Donald Trump's tariffs, Charles Liang, the CEO, said on a call with analysts on Tuesday. Shares of the chipmaker were down 17% after the results. What it means: AI chip manufacturers are caught in the crossfire of the trade war. That's expected to remain a key concern as the US irons out the details of its trade relationship with China. The US and China have until August 12 to strike a trade deal before higher tariffs kick in, another headwind that could rattle the market and semiconductor stocks in particular. "Industry-wide tariff impact is only now being felt and could result in headwinds for the entire semiconductor industry," Gadjo Sevilla, a senior analyst at EMARKETER, wrote in a note. McDonald's: US consumers are in a precarious position What happened: McDonald's beat on earnings and revenue expectations for the quarter, but voiced concerns about the health of lower-income consumers and the ability of Americans to keep spending. The fast food franchise said revenue came in at $6.84 billion for the quarter, above the $6.7 billion analysts expected. Earnings per share came in at an adjusted $3.19, above estimates of $3.15. "Re-engaging the low-income consumer is critical," Chris Kempczinski, the CEO, said on the company's earnings call, adding that low-income Americans were more likely to visit the chain than other income groups. "This bifurcated consumer base is why we remain cautious about the overall near-term health of the US consumer." What it means: Consumer spending is in focus for retail giants and for Wall Street, given the cumulative effects of inflation in recent years and Trump's tariffs. Economists say tariffs could stoke inflation, as companies can pass along the cost of import duties to consumers. For now, though spending remains fairly strong, even as concerns have risen recently around a pullback among both high and low-income households. Palantir: Hype for AI still strong What happened: Palantir blew past estimates for second quarter earnings. The data software firm revealed that its revenue surpassed $1 billion for the first time, reflecting a 55% year-over-year increase. Shares popped as much as 10% after its results, bringing the stock up 130% year-to-date. What it means: The AI trade is alive and well, with firms still benefitting from the hype for artificial intelligence. Wedbush Securities called Palantir the "Messi of AI" in a note to clients shortly after the firm reported earnings. In a separate note, analysts lifted their price target for the stock to $200 a share, implying 15% upside from current levels. "Palantir remains one of our top tech names to own in 2025 and this deal represents another opportunity for PLTR to capitalize on while continuing to generate unprecedented traction for its entire portfolio across the federal and commercial landscapes," analysts said. Microsoft and Meta: Mega-cap tech still dominates What happened: Microsoft and Meta both beat on earnings last week. Microsoft took in $76.4 billion in revenue and $3.65 in earnings per share, above estimates of $73.8 billion and $3.37 a share. The company also joined the $4 trillion club for the first time as its stock surged following its earnings report, with shares up 26% year-to-date. Meta, meanwhile, took in $47.5 billion in revenue and $7.14 in earnings per share, above estimates of $44.83 billion and $5.89 a share. The stock is up 27% year-to-date. What it means: Mega-cap tech is still dominating the market. Tech was best-performing area of the S&P 500 in July, with the sector up 5% in the month. The Nasdaq hit 14 record highs in July, causing Deutsche Bank to declare that "tech-ceptionalism" has resumed for the market. The strong outperformance of large-cap stocks accelerated, further widening the gap between small-cap peers. "We continue to favor US large cap Tech over its small cap counterpart, as it takes a highly speculative market (i.e. 2021) or Big Tech to fall out of favor (i.e. 2022, Q4 2024) for the latter to outperform," Nicholas Colas, the co-founder of the research firm DataTrek, wrote in a note. 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