Kraft Heinz Bondholders Position for Company's Potential Split
The company is weighing a split that could separate off a large part of its grocery segment and leave behind its faster-growing sauces units, Bloomberg reported on Friday, plans that are still being finalized but that could be announced in the coming weeks.
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Yahoo
13 minutes ago
- Yahoo
Revenue Beat: Seatrium Limited Beat Analyst Estimates By 22%
As you might know, Seatrium Limited (SGX:5E2) just kicked off its latest half-yearly results with some very strong numbers. Statutory earnings beat expectations, with revenues of S$5.4b coming in a massive 22% ahead of forecasts, while earnings per share (eps) of S$0.042 beat expectations by 5.7%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Taking into account the latest results, the current consensus, from the nine analysts covering Seatrium, is for revenues of S$9.85b in 2025. This implies a small 6.9% reduction in Seatrium's revenue over the past 12 months. Statutory earnings per share are predicted to leap 23% to S$0.096. Before this earnings report, the analysts had been forecasting revenues of S$9.49b and earnings per share (EPS) of S$0.11 in 2025. While next year's revenue estimates increased, there was also a real cut to EPS expectations, suggesting the consensus has a bit of a mixed view of these results. Check out our latest analysis for Seatrium The consensus price target was unchanged at S$2.76, suggesting the business is performing roughly in line with expectations, despite some adjustments to profit and revenue forecasts. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Seatrium, with the most bullish analyst valuing it at S$2.96 and the most bearish at S$2.50 per share. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects. Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that revenue is expected to reverse, with a forecast 13% annualised decline to the end of 2025. That is a notable change from historical growth of 44% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 9.6% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Seatrium is expected to lag the wider industry. The Bottom Line The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. They also upgraded their revenue estimates for next year, even though it is expected to grow slower than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates. With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Seatrium going out to 2027, and you can see them free on our platform here. It might also be worth considering whether Seatrium's debt load is appropriate, using our debt analysis tools on the Simply Wall St platform, here. 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.
Yahoo
13 minutes ago
- Yahoo
With 61% ownership, Reach Ten Holdings Berhad (KLSE:REACHTEN) insiders have a lot riding on the company's future
Key Insights Significant insider control over Reach Ten Holdings Berhad implies vested interests in company growth A total of 4 investors have a majority stake in the company with 60% ownership Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. If you want to know who really controls Reach Ten Holdings Berhad (KLSE:REACHTEN), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 61% to be precise, is individual insiders. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). So it follows, every decision made by insiders of Reach Ten Holdings Berhad regarding the company's future would be crucial to them. Let's delve deeper into each type of owner of Reach Ten Holdings Berhad, beginning with the chart below. See our latest analysis for Reach Ten Holdings Berhad What Does The Lack Of Institutional Ownership Tell Us About Reach Ten Holdings Berhad? Small companies that are not very actively traded often lack institutional investors, but it's less common to see large companies without them. There are many reasons why a company might not have any institutions on the share registry. It may be hard for institutions to buy large amounts of shares, if liquidity (the amount of shares traded each day) is low. If the company has not needed to raise capital, institutions might lack the opportunity to build a position. Alternatively, there might be something about the company that has kept institutional investors away. Institutional investors may not find the historic growth of the business impressive, or there might be other factors at play. You can see the past revenue performance of Reach Ten Holdings Berhad, for yourself, below. We note that hedge funds don't have a meaningful investment in Reach Ten Holdings Berhad. With a 18% stake, CEO Yu Lay Chin is the largest shareholder. For context, the second largest shareholder holds about 15% of the shares outstanding, followed by an ownership of 15% by the third-largest shareholder. Interestingly, the third-largest shareholder, Pak Lim Lu is also a Member of the Board of Directors, again, indicating strong insider ownership amongst the company's top shareholders. To make our study more interesting, we found that the top 4 shareholders control more than half of the company which implies that this group has considerable sway over the company's decision-making. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. Insider Ownership Of Reach Ten Holdings Berhad While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our most recent data indicates that insiders own the majority of Reach Ten Holdings Berhad. This means they can collectively make decisions for the company. That means they own RM304m worth of shares in the RM500m company. That's quite meaningful. Most would argue this is a positive, showing strong alignment with shareholders. You can click here to see if those insiders have been buying or selling. General Public Ownership The general public-- including retail investors -- own 39% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. Next Steps: While it is well worth considering the different groups that own a company, there are other factors that are even more important. Case in point: We've spotted 1 warning sign for Reach Ten Holdings Berhad you should be aware of. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. 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. 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CBS News
15 minutes ago
- CBS News
Schools and counties begin to see payment delays as Pennsylvania's budget stalemate hits a month
Democratic Gov. Josh Shapiro's administration says billions of dollars in aid to Pennsylvania's schools and human services will be delayed, as he and the politically divided Legislature struggle to end what is now a monthlong budget stalemate. State-supported universities, libraries, early-childhood education programs and county health departments also will see delays in payments, Shapiro's administration said in letters sent Tuesday to providers. "I recognize this information is concerning, and it is equally concerning to both me and the governor," Budget Secretary Uri Monson said in the letters. "Our administration continues to work diligently to find agreement between the House and Senate and we will work to support you and your organization as you manage the current situation." Borrowing isn't widespread by counties and school districts to cover for late state payments, and some have reserves they can tap. But borrowing may grow if the stalemate drags well into August. Budget stalemates are also playing out in Michigan and North Carolina, where Democratic governors are sharing power with Republican legislators. Without the governor's signature on a new spending plan, the Pennsylvania state government lost some of its spending authority starting July 1. Pennsylvania school districts, which received more than $11 billion last year from the state for operations, will see delays on more than $2 billion in payments through August, Shapiro's administration said. District officials have said the poorest districts might have to borrow money if aid is delayed in August, and the Pennsylvania School Boards Association says the stalemate is causing districts to reconsider how they spend, such as leaving teaching positions unfilled or putting off purchases of student laptops. A school board's official, Andy Christ, said the state didn't reimburse districts for the cost of borrowing during past stalemates. Universities, such as Penn State and state-run system schools, will see delays on more than $200 million in aid, and counties will not get on-time payments of $390 million to child welfare agencies, the Shapiro administration said. The County Commissioners Association of Pennsylvania said its members are "growing more and more concerned about the consequences" of the stalemate, particularly on human services such as mental health counseling, child welfare, and drug and alcohol treatment. More than $100 million in payments to a range of other agencies, nonprofits and programs will also be delayed, according to the administration, and it said it cannot distribute money to early childhood education providers. For weeks, Shapiro and top Republican lawmakers have said they are engaged in closed-door discussions to try to find a compromise. The state House and Senate have not scheduled voting sessions for this week. The biggest issues for Republicans are curbing Shapiro's $51.5 billion spending proposal — driven by a massive increase in Medicaid costs — and their push to regulate and tax tens of thousands of slot-machine-like cash-paying "skill" games that are popping up everywhere. Top priorities for Shapiro and Democrats are boosting funding for public schools and public transit agencies. During a stalemate, the state is legally bound to make debt payments, cover Medicaid costs for millions of Pennsylvanians, issue unemployment compensation payments, keep prisons open and ensure state police are on patrol. All state employees under a governor's jurisdiction are typically expected to report to work and be paid as scheduled. Michigan's Democratic-controlled Senate and the Republican-controlled House of Representatives remain far apart on numerous proposals, including funding for schools and roads. The chambers' leaders have accused each other of refusing to negotiate. If lawmakers and Democratic Gov. Gretchen Whitmer don't pass a budget by the Oct. 1 start of the state's fiscal year, they risk a government shutdown. In North Carolina, where Republicans control the Legislature, a budget deal likely isn't expected until late August at the earliest. Teacher and state employee salary raises, tax cuts and eliminating vacant government positions have been among the leading differences in competing spending plans. State government is in no danger of a shutdown, and the Legislature sent Democratic Gov. Josh Stein a stopgap spending plan on Wednesday. ___ Associated Press reporters Gary D. Robertson in Raleigh, North Carolina, and Isabella Volmert in Lansing, Michigan, contributed. Follow Marc Levy on X at:
