Latest news with #Foo
New Straits Times
3 days ago
- Business
- New Straits Times
Singapore Airlines shares slide 8pct on profit miss, Maybank issues 'Sell' call
SINGAPORE: Shares of Singapore Airlines (SIA) plunged in the morning session after the carrier reported a 59 per cent drop in first-quarter net profit, CNBC reported. The stock fell more than eight per cent in early trade, marking its sharpest intraday drop since August 2024, based on LSEG data. It was last down 7.11 per cent. For the quarter ended June 30, SIA recorded a net profit of S$186 million (US$144 million), dragged by lower interest income and losses from associated companies, including Air India, in which it holds a 25.1 per cent stake. Operating profit also fell 13.8 per cent to S$405 million, as rising costs and easing travel demand weighed on margins. According to CNBC, DBS Bank analyst Tabitha Foo attributed part of the decline to Air India's worse-than-expected losses, made worse by reputational damage and restructuring challenges following a Boeing Dreamliner incident in June. Foo said bookings dropped by about 20 per cent, average fares fell between eight and 15 per cent, and cancellations surged, especially among corporate and premium travelers. SIA said demand for air travel and cargo remains strong, though it warned of a volatile operating environment due to geopolitical tensions and uneven trade patterns. Still, Maybank has downgraded SIA to "Sell", citing high valuations, weaker cargo trends and rising costs. It cut profit forecasts by up to 29 per cent over the next three years and lowered its target price to S$6.75, compared to S$7.08 currently.
Business Insider
15-07-2025
- Business
- Business Insider
Nvidia Stock Just Got a New $180 Price Target—Here's Why a DBS Top Analyst Is Still Bullish
Nvidia (NVDA) stock forecast received a boost from DBS Top analyst Fang Boon Foo. In a new note dated July 11, Foo raised his price target on the stock to $180, up from $160, while reaffirming a Buy rating. The five-star analyst called Nvidia's fundamentals 'strong,' its product roadmap 'cutting-edge,' and its demand outlook 'robust,' all supporting the case for continued upside. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. It is worth noting that Fang Boon Foo ranks 470 out of more than 9,800 analysts tracked by TipRanks. He has a success rate of 75%, with an average return per rating of 38.50% over a one-year timeframe. Why Top Analyst Remains Bullish on Nvidia Foo has outlined several reasons for staying positive on Nvidia's outlook. Here's a quick look at what's driving his bullish view: Strong AI Demand despite China Risks: The analyst said Nvidia continues to benefit from strong global demand for its AI chips. For Q2 FY26, the company guided revenue of $45 billion, up 2% sequentially, and said that demand for both Hopper and Blackwell chips is expected to exceed supply throughout the year. While U.S. export rules are still a risk, especially for H20 chip sales to China, DBS believes the impact will be limited. The report also mentioned that Nvidia is working on a compliant China-specific chip to help reduce the impact of these limits. Annual Chip Upgrades Help Nvidia Stay Ahead: DBS pointed to Nvidia's yearly refresh cycle for its AI accelerators as a key competitive edge. With planned upgrades from Hopper to Blackwell and later Rubin, the company's steady product rollout—outlined at its GTC conference—is expected to keep it ahead of rivals in the fast-moving AI market. Margins Expected to Stabilize: The analyst noted that gross margins may dip slightly in the near term as Nvidia ramps up its Blackwell chips, but management expects margins to recover to the mid-70% range in FY26. He also pointed to Nvidia's solid cash position and strong free cash flow, which gives it enough room to invest and manage risks better than most peers. Nvidia's High Valuation Is Justified The analyst raised his price target on Nvidia to $180, based on a 22x forward price-to-book ratio for FY26/27, slightly above the company's historical average. However, Foo believes NVDA's premium is justified. He pointed to Nvidia's strong market position, steady performance, and high return on equity—expected to reach 79%. Is Nvidia a Good Stock to Buy? According to TipRanks, NVDA stock has received a Strong Buy consensus rating, with 36 Buys, four Holds, and one Sell assigned in the last three months. The average Nvidia stock price target is $176.76, suggesting a potential upside of 7.18% from the current level.
Yahoo
14-07-2025
- Business
- Yahoo
Top Analyst Hikes Nvidia Target to $180 on AI Chip Demand
July 14 - Nvidia (NASDAQ:NVDA) received a fresh boost on Friday as DBS analyst Fang Boon Foo raised his price target to $180 from $160, maintaining a "Buy" rating. Foo pointed to sustained global demand for Nvidia's AI accelerators, forecasting that revenue for Q2 FY 2026 will reach about $45 billion, up slightly from the prior quarter, as Hopper and Blackwell chip orders outpace supply. Warning! GuruFocus has detected 4 Warning Signs with NVDA. While U.S. export curbs on China present risks, Foo noted that a China?compliant variant under development may help mitigate potential headwinds, supporting continued growth in that market. The analyst also highlighted Nvidia's annual product refresh cycle, transitioning from Hopper to Blackwell and then to Rubin, as a key advantage in the competitive AI chip landscape. He warned that gross margins might dip in the short term as Blackwell production ramps, but management expects margins to rebound to the mid?70% range in fiscal year 2026. Valuation concerns are tempered by Nvidia's strong free cash flow and high return on equity, with Foo arguing that a 22?times forward price?to?book multiple is justified given the company's market position. This article first appeared on GuruFocus.
Yahoo
14-07-2025
- Business
- Yahoo
Top Analyst Hikes Nvidia Target to $180 on AI Chip Demand
July 14 - Nvidia (NASDAQ:NVDA) received a fresh boost on Friday as DBS analyst Fang Boon Foo raised his price target to $180 from $160, maintaining a "Buy" rating. Foo pointed to sustained global demand for Nvidia's AI accelerators, forecasting that revenue for Q2 FY 2026 will reach about $45 billion, up slightly from the prior quarter, as Hopper and Blackwell chip orders outpace supply. Warning! GuruFocus has detected 4 Warning Signs with NVDA. While U.S. export curbs on China present risks, Foo noted that a China?compliant variant under development may help mitigate potential headwinds, supporting continued growth in that market. The analyst also highlighted Nvidia's annual product refresh cycle, transitioning from Hopper to Blackwell and then to Rubin, as a key advantage in the competitive AI chip landscape. He warned that gross margins might dip in the short term as Blackwell production ramps, but management expects margins to rebound to the mid?70% range in fiscal year 2026. Valuation concerns are tempered by Nvidia's strong free cash flow and high return on equity, with Foo arguing that a 22?times forward price?to?book multiple is justified given the company's market position. This article first appeared on GuruFocus.
New Straits Times
07-07-2025
- Entertainment
- New Straits Times
#SHOWBIZ: Riena Diana has chosen a Muslim name for Keith Foo
KUALA LUMPUR: Actor Keith Foo, 42, has hinted at converting to Islam next year before marrying his girlfriend, actress Riena Diana, 27, after a year of dating. Foo, whose full name is Foo Chuan Chin, revealed that he had extensively researched various religions, including Islam, even before his relationship with Riena began. "After Riena came into the picture, I've asked for some divine guidance, learning to recite prayers and such," he was quoted in a news report yesterday. "Whatever the case may be, please pray for us and see what happens next. I think there might be some surprises next year." In the same report, Riena Diana, real name Nur Qamarina Diana Zulreal, shared the happy news that Foo had asked her to choose a name for him upon his conversion. However, the Kampung People drama star chose not to disclose the name, saying it was too early to reveal such a personal detail for both of them. She added that Foo wishes to deepen his understanding of Islam independently before they tie the knot. The couple also emphasised that they are not rushing into marriage and are waiting for approval from both their families. "We need to bring the families into this matter," Riena explained.
