Partners, Hillhouse Platform Buys $238 Million Singapore Assets
The properties are being sold by CapitaLand Ascendas REIT, a Singapore-based real estate investment trust that announced Monday it will sell the assets, without disclosing the buyers. Partners will take a majority stake in the operations, according to the people, who asked not to be identified because the information is private.
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Yahoo
22 minutes ago
- Yahoo
Prediction: Buying MercadoLibre Today Could Set You Up for Life
Key Points MercadoLibre is one of the world's fastest growing e-commerce companies. It has plenty of room to grow in Latin America. It still looks reasonably valued relative to its long-term growth potential. 10 stocks we like better than MercadoLibre › MercadoLibre (NASDAQ: MELI), Latin America's largest e-commerce company, went public at $18 a share in 2007. Today, its stock trades at about $2,330. That 12,844% gain would have turned a $10,000 investment into $1.29 million. From 2007 to 2024, MercadoLibre's annual revenue grew at a stunning CAGR of 38%. It established a first mover's advantage in Latin America's fertile e-commerce market, expanded its logistics network across the region's challenging terrain, and locked its shoppers into its Mercado Pago digital payments platform and other fintech services. MercadoLibre also turned profitable again in 2021, and its annual net income increased at a whopping CAGR of 184% over the following three years. Its profits surged as it sold more higher-margin products on its first-party marketplace, generated higher-margin revenue from its third-party marketplace, expanded its higher-margin credit and advertising segments, and leveraged its economies of scale to dilute its logistics, payment processing, and marketing expenses. Those growth rates are incredible, but some investors might be reluctant to buy MercadoLibre's stock after those multibagger gains. However, I believe buying MercadoLibre's stock today could still set you up for life for three simple reasons. 1. It hasn't saturated its core markets yet MercadoLibre operates its marketplace in 19 Latin American countries. However, it generates most of its revenue in Brazil, Argentina, and Mexico -- and it still has plenty of room to grow in smaller markets like Chile, Colombia, Peru, and Ecuador. At the end of 2024, MercadoLibre served more than 100 million annual unique active buyers and 60 million fintech monthly active users. But that's just a fraction of the 668 million people (including 451 million adults) who live in the Latin American and Caribbean region. Latin America's population is also expected to keep growing through 2050. That low penetration rate gives MercadoLibre plenty of room to expand its e-commerce and fintech platforms. Grand View Research expects Latin America's e-commerce market to grow at a CAGR of 16.7% from 2024 to 2030. IMARC Group predicts the region's fintech market will expand at a CAGR of 15.9% from 2025 to 2033. If MercadoLibre stays at the top of those booming markets, it will likely generate double-digit sales growth for the foreseeable future. 2. It's growing a lot faster than its overseas competitors From 2024 to 2027, analysts expect MercadoLibre's revenue and EPS to grow at a CAGR of 27% and 34%, respectively. That makes it one of the world's fastest-growing e-commerce companies. By comparison, analysts expect Amazon (NASDAQ: AMZN) and Sea Limited (NYSE: SE) -- which both tried in vain to challenge MercadoLibre in Latin America -- to grow their revenue at a CAGR of 11% and 21%, respectively, from 2024 to 2027. 3. It looks reasonably valued relative to its growth potential MercadoLibre's stock has already rallied nearly 40% this year, but it still doesn't seem too pricey relative to its e-commerce peers at 35 times next year's earnings. Amazon trades at 29 times forward earnings, while Sea trades at a higher forward multiple of 40. MercadoLibre's valuations are likely being compressed by the near-term concerns about tariffs, inflation, and political unrest across several of its top markets. The devaluation of Latin American currencies against the U.S. dollar (in which MercadoLibre reports its earnings) could be exacerbating that pressure. But if those headwinds eventually dissipate, MercadoLibre's stock could command a much higher valuation again. How much bigger could MercadoLibre grow? Assuming MercadoLibre matches analysts' expectations through 2027, grows its EPS at a robust CAGR of 20% over the following 18 years, and trades at a reasonable 30 times earnings by the final year, its stock price could potentially climb more than 30 times to $71,480 by 2045. That price target sounds high, but it would only boost its market cap to $3.6 trillion. For reference, Amazon currently has a market cap of $2.4 trillion -- and it will likely be worth a lot more in 20 years. Therefore, if you expect MercadoLibre to maintain its leading position in Latin America's e-commerce and fintech markets, expand its margins as it scales up its business, and weather the region's near-term macro headwinds, then it's still an excellent long-term buy. Should you invest $1,000 in MercadoLibre right now? Before you buy stock in MercadoLibre, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and MercadoLibre wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,155!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,106,071!* Now, it's worth noting Stock Advisor's total average return is 1,070% — a market-crushing outperformance compared to 184% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Leo Sun has positions in Amazon and MercadoLibre. The Motley Fool has positions in and recommends Amazon, MercadoLibre, and Sea Limited. The Motley Fool has a disclosure policy. Prediction: Buying MercadoLibre Today Could Set You Up for Life was originally published by The Motley Fool 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
Wall Street Journal
42 minutes ago
- Wall Street Journal
Vol. 38, No. 7: Moguls
Journalists love to use certain labels that none of us say in real life. One of them is mogul to refer to a businessperson, and we've added that tired word to The Wall Street Journal stylebook as a cliché with a negative feel. Mogul traces its meaning back to Indian emperors of centuries ago, but in recent history it caught on as a cutesy label for businesspeople with power. It's time, says Editor in Chief Emma Tucker, to use other words to describe someone who is powerful. Mogul 'feels a tad pejorative for a pro-business publication,' Emma says.
Yahoo
44 minutes ago
- Yahoo
From 'very pleasant' to decrepit -- some history of 518 Coffeen
Aug. 17—WATERTOWN — Classified advertisements, Watertown Daily Times: Aug. 9, 1913 — "For Rent: Up-to-date flat, 518 Coffeen Street, convenient to silk mill, round house, gas plant and Standard Oil Co. plant. For particulars, inquire at Schuyler's Paddock Arcade Piano Store or phone 551-W." Jan. 12, 1915 — A lower flat, 518 Coffeen Street, 6 rooms and bath, with all modern improvements. Inquire George L. Schuyler, Paddock Arcade, or phone him, 588-W. Two months later, the advertisement for the lower flat was followed by one for an upper flat: March 2, 1915 — A very pleasant upper flat, with electric lights and modern improvements, half of a large garden, 518 Coffeen St. Inquire at Schuyler's Paddock Arcade piano store, or phone 551-W. What was once pleasant and modern turned decrepit and dangerous as years went by, and the structure at 518 Coffeen St., seemingly out of central casting for a haunted house if it was not too dangerous to enter, is scheduled to be torn down by the city sometime this summer. Neighbors are elated. Officials condemned the four-unit building at 518 Coffeen St. in 2021 for numerous code violations and its unsafe conditions — from broken windows, a bathtub filled with water due to a leaking roof, and dangling pieces of exterior. A homeless man was founded dead inside the structure last summer. The building was owned by Frank D. Giordanelli, who died in Watertown at the age of 92 in 2023. Local attorney Tim Farley, who handled Giordanelli's estate, told the city a few years ago that there was no money for back taxes. Times files show no direct link to George Schuyler, who placed the classified advertisements more than 100 years ago, and the Coffeen Street structure. Perhaps he was an acquaintance of the Pinsonneault family, which may have been the original owners of the home. In the late 1800s, the family had several residences on Coffeen Street, including the structure set for demolition. Further complicating the search for the history of the home is that in 1908, the city changed its numbering for Coffeen Street. What was once 44 Coffeen Street became 518 Coffen St. It is possible that the Victorian structure could have been originally built as a multi-resident dwelling in the late 1800s or early 1900s, or it could have been converted to that later. In February of 1902, the Prudential office in Watertown held a drawing for watches for its agents. Receiving one was Edna Pinsonneault of 44 Coffeen St. Edna Pinsonneault Munger died in 1957 at the age of 71. She married Loyd Fletcher Munger, who died at the age of 51 in 1939. They wed in 1911 and his obituary states the couple never lived on Coffeen Street. Edna was the daughter of Joseph and Eugenie Gimblet Pinsonneualt. However, the Find a Grave website calls Edna's mother, "Eugenia Nimlett" (Pinsonneault). On Saturday, March 23, 1907, the Times reported on the death of Joseph Pinsonneault, who died the day before. He was a native of Quebec and his funeral was held privately the following Monday at his 44 (518) Coffeen St. home and later at Our Lady of Sacred Heart Church. That was the only obituary information found in the Times. But more of his life story can be found on the Find a Grave website: "Joseph Pinsonneault died at his home, Coffeen Street, Friday morning, aged 55 years. Deceased was formerly employed by the Watertown Engine company as engineer but had of late been employed by the New York Air Brake company. He was a member of the Exempt Firemen's association, belonging to Co. B. Besides his widow (not listed), he is survived by his mother, Mrs. Eleanor Pinsonneault, and three children, Mrs. George R. Dorsey, Adelbert and Edna Pinsonneault; four brothers; Ernest, Peter, Sam and John, all of this city, and five sisters, Mrs. Charles Marceille , Mrs. Telills St. Jean, Mrs. Homer Legendre, Mrs. Philip Longtin and Mrs Joseph Savers." Joseph is buried at North Watertown Cemetery. His mother, Eleonore Marie (Vaillancourt) Pinsonneault, died in September of 1907 at the age of 82 and is buried at Calvary Cemetery, Watertown. Also buried there is her husband and Joseph's father, Pierre Pinsonneault, who died in May of 1905 at the age of 84. The Watertown Daily Times reported that Pierre was "a respected resident of this city." He was born in Saint-Remi, Quebec, Canada of French parentage. He came to the U.S. in 1858 and was a machinist and engineer by occupation. He was a leading member of Sacred Heart Church, where his funeral was held. The Watertown city directory for 1885 and several years after that show several Pinsonneaults on Coffeen Street, among them: Joseph at 44 Coffeen St.; Peter at 52 Coffeen and Peter Jr. at 46 Coffeen. Schuyler, the piano dealer who placed the classified advertisements for renting of 518 Coffeen, died in 1965 at the age of 87. He lived at 401 Stone St. His wife, Jennie M. (Cable), died in 1959. Her obituary says the couple lived at their Stone Street address for about 60 years. When George Schuyler placed his classified advertisement in 1915, the city directory listed his home at 275 Ten Eyck St. On Dec. 19, 1922, Schuyler and his business were ejected from the Paddock Arcade after more than 30 years in business for non-payment of rent. George succeeded his uncle, Charles Schuyler, in the piano business. George later filed for bankruptcy. The 518 Coffeen St. structure has had scores of tenants over the years. Among them: In August of 1950, baby Lucille, daughter of Mr. and Mrs. Gerald E. Corbett, 518 Coffeen St., won the "Baby With the Biggest Eyes" contest at the city Recreation Department's baby show at Paddock Park. Solve the daily Crossword
