Goldman Strategists Raise Asia Stock Targets, Upgrade Hong Kong
The 12-month target on the MSCI Asia Pacific ex-Japan Index was lifted by 3% to 700, implying a 9% return in dollar terms during the period, strategists led by Timothy Moe wrote in a note Friday.
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Yahoo
a few seconds ago
- Yahoo
Down 55% in 5 years, but this FTSE stock offers a 9.5% dividend yield for income investors!
When it comes to high dividend yields, few FTSE stocks come close to beating Ashmore Group's (LSE:ASHM) current 9.5% payout. This yield's largely been driven by management maintaining dividends despite its share price tumbling by more than 50% over the last five years. So if dividends are seemingly here to stay, is this secretly a lucrative opportunity for income investors? The bull case Ashmore's share price weakness since 2020 has been driven predominantly by poor returns within emerging markets. As an investment specialist in this field, performance has suffered greatly as economically weaker countries struggled to handle both the impact of the pandemic and the subsequent macroeconomic headwinds that followed. Consequently, clients started withdrawing their capital, resulting in significant profit and revenue pressure on the business. However, emerging markets have since started rebounding quite significantly. In fact, the MSCI Emerging Market Index is up over 17% in the last 12 months. A weaker US dollar has been quite handy in helping emerging economies get back on their feet. And with businesses reporting recovering growth and earnings, these international stocks have followed suit. This has translated into the outflow of Ashmore's assets under management (AUM) to slow and stabilise. While profits are still significantly below 2021 levels, the firm's cash flow generation remains strong. Hence why management's been able to maintain dividends in spite of all the headwinds. And if emerging markets continue to outperform, Ashmore should have little trouble attracting investors back into the fold. What could go wrong? Even with improving external market conditions, there are still some notable risks that might jeopardise today's impressive dividend yield. Rising geopolitical tensions and conflict escalations could derail the recovery progress made in certain key emerging markets. And even if Ashmore successfully avoids these regions, weak sentiment from risk-adverse investors could still prevent the businesses from delivering strong returns. This scenario is particularly concerning given management is paying out more in dividends than it's actually generating from operations. In the long run, this is unsustainable, likely leading to a dividend cut if AUM and subsequently cash flows don't improve in the short term. Management does have a bit of wiggle room here with around £308m in cash & equivalents on the balance sheet and negligible levels of debts & equivalents. But the general consensus among institutional investors is that unless earnings can recover significantly within the next 18 months, a dividend cut could be unavoidable. The bottom line Ashmore's cyclical downturn appears to have finally reached the bottom with early signs of a recovery starting to kick off. However, there's still a lot of uncertainty regarding how long the recovery will take. And with more money flowing out of the business than coming in, the clock's ticking before management may be forced to cut shareholder payouts. Put simply, this is a very high-risk, high-reward income opportunity in 2025. But, with the business largely dependent on emerging market momentum – something outside of its control – this isn't a risk I'm willing to take. As such, investors may want to consider exploring other high-dividend yield stocks for their portfolios. The post Down 55% in 5 years, but this FTSE stock offers a 9.5% dividend yield for income investors! appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Zaven Boyrazian has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Sign in to access your portfolio
Entrepreneur
an hour ago
- Entrepreneur
Built to Move
In the West, e-bikes outsell scooters and motorcycles, we're trying to create that same mindset here, says Kunal Gupta, co-founder, Emotorad This story appears in the July 2025 issue of Entrepreneur India. Subscribe » You're reading Entrepreneur India, an international franchise of Entrepreneur Media. In 2020, when the world was slowing down, a new-age electric mobility brand from Pune quietly picked up speed. What began as a pivot during the pandemic, selling high-end e-bikes locally after a shipment for the UK got stuck, has now grown into one of India's fastest-scaling E-Bike startups. Emotorad, co-founded by Kunal Gupta, Rajib Gangopadhyay, Aditya Oza, and Sumedh Batteward. Today commands a 70 per cent share of India's electric bicycle market and exports to 18 countries across the globe. Before Emotorad, Gupta had already built and exited his first startup, MyRide, a bike rental company for college students. That venture led him to co-found and run operations at OnBike, a Zoomcar-style service for two-wheelers that scaled to over 14,000 vehicles across 11 cities. "We learned a lot about how tier 3 and tier 4 Indians were migrating to cities and earning livelihoods through mobility platforms," he recalls. At the core of Emotorad's success lies its commitment to in house innovation. The company designs and manufactures key components of its EV powertrains including batteries, motors, char gers, displays, and the software that makes them work together. "We've filed over 11 patents across our powertrain technologies. The systems we've built are 18–20 per cent more efficient than the market average," Gupta says. This vertical integration, Gupta believes, is what makes their products stand apart. "It's not just about one better battery or frame. It's the entire mechanical design, ergonomics, and software that make our bikes superior," he says. Products like the Doodle have be come category-defining, drawing attention both domestically and overseas. While electric cars and scoot ers often grab headlines, e-bikes remain an underappreciated part of the EV narrative in India. Gupta says one major hurdle is the public misconception that e-bikes are "cheating" fitness. "In fact, our data shows that e-bike users travel 3 to 4 times more than regular cyclists. That's more exercise, not less. Plus, you can track calories and make your ride part of a healthy routine," he points out. Despite 2.5 lakh units sold, many Indian consumers still don't know that high-quality e-bikes are made and used right here. "In the West, e-bikes outsell scooters and motorcycles. We're trying to create that same mindset here," says Gupta. Today, EM exports to 18 countries including the US, UK, Australia, Japan, and UAE. Gupta believes this is just the beginning. Gupta says the company may raise capital again in the next 12–18 months.
Yahoo
an hour ago
- Yahoo
Pony AI (PONY) Expands Robotaxi Services to Shanghai—Analysts Stay Bullish
Pony AI Inc. (NASDAQ:PONY) is one of the . On July 30, Goldman Sachs analyst Allen Chang maintained a 'Buy' rating on the stock and set a price target of $26.00. The firm is optimistic about the company's strategic advancements and growth potential in the autonomous vehicle sector. Pony AI's latest commercialization efforts have borne fruit, with the company having obtained a permit to provide fully driverless commercial Robotaxi services in the Shanghai Pudong New Area. The company has already been operating in major tier-1 cities like Beijing, Shenzhen, and Guangzhou, and now that it has expanded into Shanghai, it has strengthened its market presence and revenue potential further. A fleet of autonomous vehicles driving down a sun-drenched highway. The Chinese autonomous vehicle technology company is religiously devoted to technological innovation, as evident from its full time Robotaxi testing across areas such as Beijing, Shenzhen, and Guangzhou. Meanwhile, the Gen-7 Robotaxi manufactured in collaboration with major automotive manufacturers' further promises lower hardware costs and enhanced software capabilities. Pony AI Inc. (NASDAQ:PONY) specializes in autonomous mobility, offering AI-driven robotruck and robotaxi services, intelligent driving software, and vehicle integration solutions. While we acknowledge the potential of PONY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Must-Watch AI Stocks on Wall Street and Disclosure: None. 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
