Morningstar Says Korean Stocks Are EM's Best Bet Despite Tariffs
Korea's key draws are technology stocks tied to the artificial intelligence boom and a newfound political will for corporate reforms, according to Mark Preskett, a London-based senior portfolio manager at the firm. He said he's betting on annual returns from Korean stocks of 11%-12% in dollar terms over the next 10 years.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
Singapore Pools Toto sees 1 winning ticket land $1.3m jackpot for 4 Aug
SINGAPORE — The latest Toto draw on 4 Aug delivered big for one lucky winning ticket which pocketed $1,343,651 as the sole Group 1 winner for the jackpot. The winning numbers on Monday evening were 30, 32, 40, 43, 45 and 49, while the additional number drawn was 5. According to Singapore Pools, the Group 1 winning ticket was bought at the Singapore Pools Hougang N1 Branch located at Block 106 Hougang Avenue 1, #01-1209/1211. It was a System 7 Entry ticket. There were no winning tickets for the Group 2 prize so the prize money of $282,873 will be snowballed to the next draw. The previous Toto draw on Thursday evening (31 July) saw one of the largest Toto payouts for a single ticket as one lucky winner walked away with the $12.8 million jackpot. In October 2023, a record $13,077,918 was won from a single ticket. The figure was surpassed in May 2024 when $13,123,509 was awarded to a sole Group 1 winner. What is Toto? Toto was launched in 1968 as the first lottery game in the history of Singapore Pools. The game got its name from a combination of the words 'Totalisator' and 'Lotto'. The current format of Toto sees six winning numbers and one additional number drawn from 49 numbers (1 to 49) every Monday and Thursday. The jackpot sum begins from $1,000,000. A snowballing feature, which allows for the prize to increase if there are no winners, was introduced to the game in 1981. The System Entry option, where you can pay to be able to pick more numbers, was added later that year. What is the prize structure for Toto? Singapore Pools says that 54% of sales in each draw are added to the Toto prize pool. Your winnings from the pool is dependent on which prize group you land in after the draw reveals the winning numbers. Prize group Matching numbers Prize Group 1 (Jackpot) 6 winning numbers 38% of prize pool (Minimum guarantee of $1,000,000) Group 2 5 winning numbers + additional number 8% of prize pool Group 3 5 winning numbers 5.5% of prize pool Group 4 4 winning numbers + additional number 3% of prize pool Group 5 4 winning numbers $50 Group 6 3 winning numbers+ additional number $25 Group 7 3 winning numbers $10 What are the odds of winning Toto? The odds of winning the Toto jackpot (6 winning numbers) are one in almost 14 million, according to Singapore Pools. Prize group Matching numbers Odds of winning Group 1 6 winning numbers 1 in 13,983,816 Group 2 5 winning numbers+ additional number 1 in 2,330,636 Group 3 5 winning numbers 1 in 55,491 Group 4 4 winning numbers+ additional number 1 in 22,197 These figures are available on the Singapore Pools website. How do I calculate my Toto prize? Singapore Pools has a prize calculator for Toto which you can find here. How big can the Toto prize snowball to? The Group 1 prize amount will not snowball beyond the fourth consecutive draw. If there is no Group 1 winner at the end of four consecutive draws, the final jackpot amount (38% of the fourth draw's prize pool plus snowballed amount from the three preceding draws) cascades, i.e. it will be paid to the next prize group with winner(s) and shared equally. Prize amounts for Group 2, 3, and 4 will snowball until it is won. What are the largest jackpot prizes and winning shares in Toto history? Statistics from Singapore Pools includes lottery draws from 9 October 2014 onwards when Toto was updated to the current 6-out-of-49 format. According to their data, the biggest jackpot prize was $19,416,913 which was drawn on 11 February, 2022. The $19.4 million jackpot had eight winning shares which means the winning share amount worked out to over $2.4m each. It was a nice sum but nowhere close to the biggest winning shares in Toto history which came in at over $13m on two separate occasions. This happened first on 2 Oct in 2023 when a single winning share took home $13,077,918. In May last year, another lucky individual had the sole winning share of a very cool $13,123,509 jackpot. Help is available If you are facing stress due to gambling problems, the National Problem Gambling Helpline & Webchat are available daily from 8am to 11pm. Call 1800-6-668-668 or visit for support.
Yahoo
25 minutes ago
- Yahoo
Albuquerque Journal welcomes two new business reporters
Aug. 4—The Albuquerque Journal, New Mexico's largest newspaper, has welcomed two new business reporters whose coverage will span the economy, health care, technology and energy sectors. Natalie Robbins, who will focus on the economy and health care, comes to the Journal from the Tucson Sentinel, where she served as the news outlet's creative community solutions reporter. Hannah García, whose byline has appeared in the Journal over the past two months as a Dow Jones News Fund intern on the business desk, will cover energy and technology. "We're excited to have Natalie and Hannah on board," Journal Business Editor Matthew Narvaiz said. "These coverage areas are some of the state's most consequential — shaping how New Mexicans live, work and access critical services — and their reporting will help illuminate the challenges and opportunities ahead as the state navigates rapid change." At the Sentinel, Robbins covered local politics, housing, health care and incarceration. As a staff writer on the business desk, Robbins will cover everything from large-scale expansions to the local economic effects — both good and bad — of President Donald Trump's second term. She will also cover stories encompassing New Mexico's massive Medicaid program and the ongoing worker and physician shortages. Since starting at the Journal in mid-July, Robbins has reported on how residents in Ruidoso have been left to shoulder the cost of water damage without flood insurance and how New Mexicans are being priced out of the housing market. Robbins, a native of Tucson, Arizona, graduated from the University of Arizona with a bachelor's degree in creative writing in 2018. She worked in New York City for several years before attaining her master's degree from the Craig Newmark Graduate School of Journalism at the City University of New York in 2024. "I love the Southwest and am thrilled to be here in Albuquerque covering the state's health care system and economy at such a pivotal time," Robbins said. García, who graduated with a bachelor's degree in journalism from the University of Texas at Arlington in May, has been covering general assignment business news for the Journal since June. She was previously the managing editor at her student newspaper, The Shorthorn. Her stories at the Journal have ranged from how high cocoa prices are affecting local businesses to getting the scoop on Intel layoffs at the company's Rio Rancho plant. Her work now will focus on the state's tech ecosystem and the growing energy demand. "I'm so grateful for this opportunity," García, a native of Midlothian, Texas, said. "I can't wait to dive head-first into tech and energy coverage." You can send Robbins tips at nrobbins@ and by phone at (505) 823-3907. You can reach García at hgarcia@ and (505) 823-3920. Solve the daily Crossword
Yahoo
25 minutes ago
- Yahoo
Wall Street thinks the party for Palantir can continue even after a wild rally in 2025 — but there's one key risk
Palantir is the top-performing stock in the S&P 500 this year, and Wall Street is upbeat about what's ahead. Palantir has been on a tear, climbing 113% since the start of the year. A lofty valuation is the main risk analysts are eyeing heading into second-quarter earnings. Wall Street thinks the Palantir party can keep going. The stock is already up by about 113% this year as it heads into its second-quarter earnings report after the bell on Monday, but analysts see reasons to believe the gains can pile up further. The Alex Karp-led software giant is benefiting from a slew of government contracts, roaring AI demand, and a cultlike following among retail investors in 2025. Shares of the company have soared from around $75 a share at the start of 2025 to above $160 on Monday. That ascent has made Palantir the best-performing stock in the S&P 500 this year. Analysts are bullish about Palantir's second-quarter earnings. They estimate the tech giant will report $939.3 million in revenue for the three-month period, up around 38% year over year. Here are some of the reasons they see the growth story continuing — and one key risk. 1. The AI trade is still running hot Palantir will likely keep up growth in its commercial segment, thanks to the ongoing hype surrounding AI. Accelerating AI adoption is creating a greater need to integrate data, which is good news for the stock, analysts at Mizuho wrote in a note. The bank said it conducted checks on Palantir's enterprise inbound activity, which gave it confidence that the company would be able to beat its commercial growth guidance in 2025. Palantir expects the US commercial side of its business to grow 68% for the year. "PLTR's recent execution and momentum is stunning, including material upward revisions across its commercial and government segments that we very much underestimated," Mizuho analysts wrote. Analysts at UBS said they also conducted checks on Palantir's enterprise businesses, and lifted their estimates for the company's revenue growth from 31% to 38% for the year. "We see potential tailwinds from the increasing adoption of AI across enterprise," Citi analysts wrote, adding that its checks and its conversation with Palantir's chief finance officer were also positive. Government contracts A large part of Palantir's growth story has been fueled by its contracts with the federal government. In April, the software company secured a $30 million deal with the US Immigration and Customs Enforcement for software to monitor visas and track deportations. In May, the firm teamed up with Fannie Mae, and said it would provide AI tools to support the government-sponsored mortgage financier's Crime Detection Unit. It also secured a $795 million contract with the Department of Defense's AI arm, and last week, locked a deal to help streamline the US Army for up to $10 billion for the next decade. The deal consolidates 75 existing contracts into a single agreement. "We believe this deal represents an additional tailwind for PLTR with AI initiatives across the US government accelerating with AI a strategic focus on the federal front and Palantir in the sweet spot to benefit from a tidal wave of federal spending on AI," analysts at Wedbush Securities wrote last week, calling Palantir one of the top tech stocks to own in 2025. "We remain positive on the public sector pipeline, which appears durable given ongoing geopolitical instability. Net, we believe PLTR will likely be able to continue growing its Government revenue >40% Y/Y over at least the near-term," Mizuho said. "We continue to view Palantir as well positioned to continue to deliver best-in-class growth given the secular trend towards enterprise AI adoption; the continued push for efficiency and technology adoption in the US government; and adoption of Operation Warp Speed among new defense entrants, traditional defense companies, and the broader manufacturing industry," analyst at Goldman Sachs wrote in a note following Palantir's first-quarter earnings report in May. High bar But there's one risk Wall Street is eyeing: the valuation is at eye-watering levels. As of Monday afternoon, the trailing 12-month price-to-earnings ratio was above 690x. Despite a bullish short-term outlook, Goldman Sachs, UBS, and Mizuho are among those on Wall Street who rated Palantir as "neutral" headed into its second-quarter earnings. Analysts at Citi, meanwhile, rated the stock as "Neutral/High Risk." "We maintain our Neutral/High Risk rating on the stock on valuation concerns and our view that second derivative/revision trends could moderate limiting upside," Citi added in a note. "That said, we are equally stunned by the multiple that PLTR has attained, which places its valuation dramatically above anything else in software," Mizuho analysts said, adding they would "continue to worry" that the stock could see a reversion sometime in the next several quarters. "We continue to be very impressed by the fundamental story (we have been since our launch) but valuation remains our key hurdle, we remain Neutral rated," UBS said. Read the original article on Business Insider
