BYD Leads China EV Stocks Lower on Steeper Price Cuts
BYD Co. led Chinese electric vehicle stocks lower in Hong Kong on Monday, as investors digested the auto giant's sweeping price cuts of as much as 35% late last week.
The top-performing Chinese automaker's shares dropped as much as 6.8%, while peers Li Auto Inc., Great Wall Motor Co. and Geely Automobile Holdings Ltd. dropped more than 4% amid investors' concern about intensifying competition in the sector.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
41 minutes ago
- Bloomberg
India's RBI Winds Down Offshore Currency Tool as Strategy Shifts
India's central bank has scaled back its use of a key tool it deployed last year to counter the strong dollar, according to people familiar with the matter, reflecting a change in the authority's intervention strategy under its new leadership. The Reserve Bank of India's short dollar positions in the non-deliverable forwards market have fallen sharply to below $5 billion, down from a peak of about $70 billion late last year, the people said, asking not to be named discussing private matters.
Bloomberg
an hour ago
- Bloomberg
Trump Says Again He Will Set Unilateral Tariffs Within Two Weeks
Good morning. Donald Trump's reiteration of his unilateral tariff plan sends equity futures and the dollar lower. The US pulls some embassy staff in the Middle East. And Bulgarians weigh the pros and cons of adopting the euro. Listen to the day's top stories. Donald Trump reiterated he'll set unilateral tariff rates in the next one or two weeks, reigniting tensions just a day after Chinese and US officials struck a positive tone in their trade talks. European and US equity futures fell alongside the dollar, while haven assets such as Treasuries and gold gained.
Yahoo
an hour ago
- Yahoo
Exploring Three Undiscovered Gems in Middle Eastern Markets
As Middle Eastern markets, particularly in the UAE, experience upward momentum with indices like Dubai's reaching their highest levels since 2008, investors are closely watching global economic developments such as the US-China trade talks for further cues. In this dynamic environment, identifying promising stocks involves looking for companies that can capitalize on regional growth trends and demonstrate resilience amid global uncertainties. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Amir Marketing and Investments in Agriculture 17.44% 5.21% 5.41% ★★★★★★ Formula Systems (1985) 33.74% 8.44% 11.96% ★★★★★★ Payton Industries NA 7.02% 14.80% ★★★★★★ Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi 40.12% 43.54% 38.87% ★★★★★★ Y.D. More Investments 62.65% 28.86% 32.05% ★★★★★☆ C. Mer Industries 109.27% 13.77% 72.47% ★★★★★☆ Keir International 23.18% 49.21% -17.98% ★★★★★☆ Alfa Solar Enerji Sanayi ve Ticaret 38.29% -32.50% -4.61% ★★★★★☆ Waja 23.81% 98.44% 14.54% ★★★★☆☆ Izmir Firça Sanayi ve Ticaret Anonim Sirketi 43.01% 40.80% -34.83% ★★★★☆☆ Click here to see the full list of 223 stocks from our Middle Eastern Undiscovered Gems With Strong Fundamentals screener. Let's review some notable picks from our screened stocks. Simply Wall St Value Rating: ★★★★★☆ Overview: Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S. is a company engaged in transportation services, with a market capitalization of TRY27.29 billion. Operations: GRSEL generates revenue primarily from its transportation services, with a focus on railroads, contributing TRY8.43 billion. Gür-Sel Turizm Tasimacilik ve Servis Ticaret, a dynamic player in the transportation sector, recently reported first-quarter sales of TRY 2.42 billion, a slight increase from TRY 2.32 billion last year. Despite this growth in sales, net income dipped to TRY 583.8 million from TRY 594.71 million previously. With its earnings growth at -19.3%, matching the industry average, it trades at an attractive valuation—61% below estimated fair value—and boasts robust interest coverage with EBIT covering interest payments by 68 times. The company seems well-positioned financially with more cash than total debt and positive free cash flow prospects ahead. Click to explore a detailed breakdown of our findings in Gür-Sel Turizm Tasimacilik ve Servis Ticaret's health report. Assess Gür-Sel Turizm Tasimacilik ve Servis Ticaret's past performance with our detailed historical performance reports. Simply Wall St Value Rating: ★★★★★★ Overview: Ashot Ashkelon Industries Ltd. is a company that manufactures and sells systems and components for aerospace and defense sectors both in Israel and internationally, with a market cap of ₪1.27 billion. Operations: The company's revenue is primarily derived from its military segment, contributing ₪286.72 million, and its aviation and complex assemblies segment, adding ₪115.23 million. The subsidiary in the USA generates an additional ₪50.44 million in revenue. Ashot Ashkelon Industries, a notable player in the Aerospace & Defense sector, has demonstrated robust financial health with its debt to equity ratio decreasing from 14.1% to 12.8% over five years. Its earnings growth of 45.6% outpaces industry standards, highlighting strong performance. The company reported first-quarter sales of ILS 121 million and net income of ILS 14 million, reflecting solid financial results compared to last year's figures. Despite recent share price volatility, Ashot's interest coverage by EBIT is a reassuring 9x, indicating well-managed debt obligations and promising future prospects in its niche market space. Click here and access our complete health analysis report to understand the dynamics of Ashot Ashkelon Industries. Review our historical performance report to gain insights into Ashot Ashkelon Industries''s past performance. Simply Wall St Value Rating: ★★★★★★ Overview: Delta Israel Brands Ltd. is a company that designs, develops, markets, and sells various clothing products in Israel with a market cap of ₪2.13 billion. Operations: Delta Israel Brands generates revenue primarily through the sale of clothing products in Israel. The company's market cap stands at ₪2.13 billion. Delta Israel Brands, a nimble player in the Specialty Retail sector, showcases a solid financial backbone with no debt compared to five years ago when its debt-to-equity ratio was 12.8%. The company's earnings have consistently grown at 8.7% annually over the past five years, although recent earnings growth of 15.4% lagged behind the industry's impressive 61%. Despite this, Delta maintains high-quality earnings and offers an attractive price-to-earnings ratio of 14.3x, undercutting the industry average of 15x. However, recent first-quarter results showed sales climbing to ILS 315 million from ILS 260 million last year while net income dipped slightly to ILS 29 million from ILS 33 million previously. Navigate through the intricacies of Delta Israel Brands with our comprehensive health report here. Evaluate Delta Israel Brands' historical performance by accessing our past performance report. Unlock more gems! Our Middle Eastern Undiscovered Gems With Strong Fundamentals screener has unearthed 220 more companies for you to here to unveil our expertly curated list of 223 Middle Eastern Undiscovered Gems With Strong Fundamentals. Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive. Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This 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. Companies discussed in this article include IBSE:GRSEL TASE:ASHO and TASE:DLTI. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
