Indian Rupee Strengthens as Foreign Flows and Trade Talks Brighten Outlook
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Good morning, this is Savio Shetty, an equities reporter in Mumbai. Asian stocks are slightly higher after China hinted at potential US trade talks, boosting sentiment. Indian equities will likely consolidate the gains of the last two weeks as foreign funds remain net buyers and the rupee strengthens. Key quarterly earnings scheduled for today include Marico, Godrej Properties and Indian Overseas Bank.
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Yahoo
an hour ago
- Yahoo
3 Asian Dividend Stocks Yielding Up To 5.3%
As Asian markets navigate a landscape shaped by trade tensions and economic policy shifts, investors are increasingly looking for stable returns amidst volatility. In this environment, dividend stocks can offer a reliable income stream, making them an attractive option for those seeking to balance growth with consistent payouts. Name Dividend Yield Dividend Rating en-japan (TSE:4849) 4.20% ★★★★★★ Wuliangye YibinLtd (SZSE:000858) 5.01% ★★★★★★ Daito Trust ConstructionLtd (TSE:1878) 4.16% ★★★★★★ Daicel (TSE:4202) 4.92% ★★★★★★ Yamato Kogyo (TSE:5444) 4.58% ★★★★★★ Guangxi LiuYao Group (SHSE:603368) 4.47% ★★★★★★ DoshishaLtd (TSE:7483) 4.34% ★★★★★★ E J Holdings (TSE:2153) 5.22% ★★★★★★ HUAYU Automotive Systems (SHSE:600741) 4.42% ★★★★★★ Japan Excellent (TSE:8987) 4.41% ★★★★★★ Click here to see the full list of 1258 stocks from our Top Asian Dividend Stocks screener. Let's review some notable picks from our screened stocks. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Yagami Inc. is a specialized trading company in Japan's educational market with a market cap of ¥19.09 billion. Operations: Yagami Inc. generates revenue through its operations as a specialized trading company within Japan's educational sector. Dividend Yield: 4.5% Yagami is trading at 40.8% below its estimated fair value, presenting a potential opportunity for dividend investors. Its dividend yield of 4.45% ranks in the top 25% of Japanese market payers and has been stable and increasing over the past decade. However, with a payout ratio of 100.2%, dividends are not well covered by earnings, though they are supported by cash flows due to a reasonable cash payout ratio (65.4%). Get an in-depth perspective on Yagami's performance by reading our dividend report here. The analysis detailed in our Yagami valuation report hints at an inflated share price compared to its estimated value. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Cortina Holdings Limited is an investment holding company that distributes and retails timepieces and accessories across Singapore, Malaysia, Thailand, Indonesia, Hong Kong, Taiwan, and internationally with a market cap of SGD496.74 million. Operations: Cortina Holdings Limited generates its revenue primarily through the distribution and retail of timepieces and accessories across various markets, including Singapore, Malaysia, Thailand, Indonesia, Hong Kong, Taiwan, and other international locations. Dividend Yield: 5.3% Cortina Holdings reported full-year sales of S$862.78 million and net income of S$63.6 million, reflecting modest growth. The dividend yield is 5.33%, below the top tier in Singapore, but dividends are well-covered by earnings with a low payout ratio of 5.2% and reasonable cash flow coverage at 55.6%. Despite past volatility and an unstable track record, dividends have grown over the last decade, while shares remain highly illiquid with a P/E ratio of 7.8x indicating potential value. Dive into the specifics of Cortina Holdings here with our thorough dividend report. Upon reviewing our latest valuation report, Cortina Holdings' share price might be too optimistic. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Time Publishing and Media Co., Ltd. engages in the publication of books and periodicals in China, with a market cap of CN¥6.62 billion. Operations: Unfortunately, the provided text does not include specific revenue segment figures for Time Publishing and Media Co., Ltd. If you can provide those details, I would be able to help summarize them into a single sentence. Dividend Yield: 4.1% Time Publishing and Media's dividend yield of 4.09% ranks in the top 25% in China, yet its sustainability is questionable due to high cash payout ratios and volatile payments over the past decade. Although dividends are covered by earnings with a reasonable payout ratio of 68.2%, they are not well-supported by free cash flows. Recent Q1 results showed a decline in sales to CNY 1.37 billion from CNY 1.64 billion year-over-year, impacting net income slightly at CNY 59.45 million. Delve into the full analysis dividend report here for a deeper understanding of Time Publishing and Media. Our expertly prepared valuation report Time Publishing and Media implies its share price may be too high. Gain an insight into the universe of 1258 Top Asian Dividend Stocks by clicking here. Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free. 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 NSE:7488 SGX:C41 and SHSE:600551. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
CNBC
an hour ago
- CNBC
Asia-Pacific markets set to mostly rise after Wall Street looks past global trade frictions
Aaron Foster | The Image Bank | Getty Images Asia-Pacific markets were set to mostly rise Tuesday following gains on all three Wall Street benchmarks overnight, despite mounting global trade frictions. China pushed back against the U.S.' accusations that it had violated a temporary trade agreement. Instead, the Asian powerhouse blamed Washington for failing to uphold the deal — a sign that negotiations between the world's two largest economies are deteriorating. Menawhile, the European Union criticized U.S. President Donald Trump's intention to double steel tariffs to 50%, saying that such a move "undermines" its own negotiations with the U.S. An EU spokesperson said that the bloc was "prepared to impose countermeasures." Japan's benchmark Nikkei 225 was set to open higher, with the futures contract in Chicago at 37,720 while its counterpart in Osaka last traded at 37,770 against the index's last close of 37,470.67. Futures for Hong Kong's Hang Seng index stood at 23,138 pointing to a flat open compared to the HSI's close of 23,157.97. Australia's S&P/ASX 200 is set to start the day higher, with futures tied to the benchmark at 8503.0 compared to its last close of 8,414.10. Economists polled by Reuters estimated the country's current account balance for the first quarter of 2025 - expected to come later in the day - to hit 13.1 billion Australian dollars ($8.51 billion), from 12.5 billion in the previous quarter. Meanwhile, a separate Reuters poll forecast that China's Caixin Manufacturing PMI will reach 50.6 in May, from 50.4 in the month before. South Korean markets were closed for polling day. — CNBC's Lisa Kailai Han and Sean Conlon contributed to this report.
Los Angeles Times
an hour ago
- Los Angeles Times
Federal lawsuit alleges discrimination against Vietnamese women nail techs
The fight for licensed manicurists to be able to work as self-employed without passing a test is going to court. Backed by Vietnamese American nail technicians and nail salon owners holding protest signs, including 'stop Asian hate,' Republican Assemblyman Tri Ta announced Monday morning the filing of a discrimination lawsuit outside of the Ronald Reagan Federal Building and U.S. Courthouse in Santa Ana. 'Earlier this year, our office received many concerns from Vietnamese American manicurists and nail salon owners,' Ta said at a news conference. 'Their lives were turned upside down overnight when the independent contractor status expired on January 1.' 'It is not just unfair, it is discrimination,' he added. Licensed barbers, cosmetologists, estheticians and electrologists can still work as independent contractors under state labor law without being subjected to a rigorous test. But exemptions under Assembly Bill 5 expired this year for manicurists. The change has left manicurists and nail salon owners alike confused as to whether non-employees can continue renting booths for their businesses — a decades-long industry practice. Ta, whose 70th Assembly District encompasses Little Saigon, said 82% of manicurists in the state are Vietnamese, with 85% of those being women. The federal discrimination suit, filed on May 31, represents several Orange County nail salon businesses as well as individual manicurists. Gov. Gavin Newsom and the heads of five state agencies and boards are named as defendants. 'This lawsuit seeks only one thing — to make sure that all professionals in the beauty industry are treated equally and to eliminate the obvious discrimination against the Vietnamese community,' the complaint reads. Attorney Scott Wellman, who is litigating on behalf of the nail salon owners and manicurists, held up a copy of the complaint during the news conference. He claimed the equal protection rights of his clients under the U.S. Constitution are being violated by the lack of an exemption. 'This wrong has to be righted,' Wellman said. The suit represents a change in strategy for those fighting on behalf of aggrieved manicurists and nail salon owners. In February, Ta introduced Assembly Bill 504, which aimed to reinstate the exemption for manicurists, but later claimed the proposed legislation couldn't even get a hearing from the committee on labor and employment. He followed up in March by calling for the U.S. Department of Justice to launch an investigation into alleged racial discrimination codified in California labor law, before ultimately turning to federal court. 'These hardworking professionals deserve the same freedom to set their own hours, to choose their own clients, to rent their own booths and to run their own businesses on their own terms just like other peers in the beauty industry,' Ta said Monday. Ta and the suit cite statistics from a UCLA Labor Center report on California's nail salon industry that was published last year. Co-authors of the report, though, have been publicly critical of Ta's efforts to have the exemption reinstated. 'As an industry predominantly consisting of Vietnamese and female manicurists, AB 5 protects the community from misclassification and labor violations that have long existed at the workplace so that they can receive the wages, benefits and protections that all workers deserve,' said Lisa Fu, executive director of the California Healthy Nail Salon Collaborative and report co-author. The report found that 80% of nail salon workers are considered low-wage earners, with 30% of manicurists in the state classified as self-employed, which is triple the national rate. Assemblywoman Lorena Gonzalez, who authored the sunset provision in AB 5, previously told TimesOC that the nail salon industry has a long history of high misclassification rates that needed added guardrails for labor rights 'while still allowing individual business owners the ability to work as a sole proprietor and simply rent space from a salon.' Manicurists who back the federal discrimination suit spoke out at Monday's press conference. 'I want to be able to continue to work as an independent contractor,' said Loan Ho. 'It gives me more flexibility. I have time to raise my children.' Emily Micelli works out of Blu Nail Bar at Fashion Island in Newport Beach, which is the lead plaintiff in the suit. She has more than 20 years of experience as a nail technician and doesn't want to be a nail salon employee. Micelli left the previous nail salon she worked out of when the owner wouldn't allow her to continue as an independent contractor. 'I cannot keep clients on my phone, make appointments and come up with my own custom design packages,' Micelli said after the news conference. 'I have to abide by the salon's rules. It will make me lose business.' Micelli believes that while the law may be well-intended, it otherwise serves to discriminate against Vietnamese American women like herself. 'I know the law wants to protect us as workers,' she said, 'but being a W-2 [worker] is better for office workers not for people like us, who are artists. I'm actually an artist — a nail artist.'
