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Bloomberg
a day ago
- Business
- Bloomberg
Papa John's Surges After Report of Private Equity Interest
Papa John's International Inc. shares jumped the most in a month after a report that Apollo Global Management Inc. and a Qatari investment fund, Irth Capital, have made an offer that would take the pizza chain private. Papa John's stock rose 7.4% in Wednesday trading in New York, the most since May 8. The stock had run up 17% for the year through Wednesday's close, compared with a S&P Small Cap 600 Index decline for the period.
Time of India
08-05-2025
- Business
- Time of India
What sectors to be overweight on, underweight on, and completely avoid right now? Manish Gunwani answers
Live Events You Might Also Like: Buy the dips in quality names with earnings visibility: Hemang Jani You Might Also Like: What are Specialised Investment Funds and how will they impact investors? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel , Head-Equity,, says despite expensive domestic-facing stocks , India's strong macroeconomics and the ' China plus one' theme offer opportunities, particularly in manufacturing exports to Europe and China. Despite a generally cautious outlook, beaten-down financials in India, trading below book value, present an attractive risk-reward opportunity due to the country's strong macroeconomics. While a deep US recession poses a threat to asset quality, the sector offers compensation for that risk. Elsewhere, auto and capital goods appear of good things have happened for India in the sense that the dollar has weakened, crude has fallen, RBI has become fairly dovish. I do not expect earnings to be anything great over the next two-three quarters, but there is the strength of the macro in terms of the currency, the current account deficit, inflation, interest rate trajectory, and also the geopolitical I do think that a lot of things that the US is trying to do are good for India. Now, it may be a very rocky path to get there, but what does the US want? They want to reduce China's current account deficit which could mean manufacturing moving out of China. They want lower energy prices and lower bond yields. Although they may not explicitly say this, they probably want a weaker dollar. So, all this is what India also wants. So, the macro narrative will support the is a fair thing to say that the US will definitely slow down. The extent of that slowdown is very difficult to gauge. It could be right from a mild slowdown to a deep recession, no one can predict that. So, it is not a market where you need to be very greedy. But the chances of macro narrative overpowering quarterly numbers is quite high.I do not think that at the overall headline index level, we will make big returns. But it is all about being nimble and catching the themes that can potentially work in the medium term. There are a fair amount of interesting themes which can work. Nothing is definite. For example, there is this tech platform segment, there is the shift of manufacturing from China segment, there is this beaten down financials segment. Personally, these kinds of themes look attractive from a risk-reward perspective.I am not very positive on global growth or as a corollary even on India growth from a one-year perspective in the sense that there is a range of probability outcome but there is a decent probability that there will be a severe slowdown globally. So, I do not think you can have a very cyclical portfolio at this point of time. Just following up from what you said, the risk-reward in buying anything related to the US economy is not you think about business cycles in three parts – US, India, and the rest of the world – which is Europe and China, the expectations are least from Europe, and China-related stocks and maybe there are some contrarian bets on that cycle which is metals and global auto which are worth owning purely because expectations are beaten has the best macro, but Indian domestic-facing stocks tend to be expensive, but there may be the theme of 'China plus one' expanding from the traditional chemicals to a lot of new segments may work. But yes, anything to do with the US economy is a bit risky, I would I meant was anything which is very cyclical and linked to the US economy is probably risky. But stocks linked with general global exports to Europe and China are quite cheap. They have done nothing for two-three years at least and that part is worth a bet. But I do not think you can be very aggressive because if the US slows down more than we think, then even Europe, China cannot do well, and even India will not do as well as we I said, it is not probably a time to be very cyclical, but I would say that any good manufacturing exporter from India – if the valuations look reasonable – are worth a bet because we do not know. All we know is that it is a once in a generation supply chain shift that will happen. You can be fairly certain that China's current account will go down and it will go down as a mix of exports coming down and imports going up. But safe to say that China's share in manufacturing will go who benefits, which category benefits, which country benefits is not exactly clear at this point of time, but as a theme, that is worth looking at. On the domestic side, it is a bit of a consensus view, but the only risk-reward space that looks attractive is financials which are below book or one-time book because India's macro is good. Hopefully, the asset quality will not deteriorate unless the US goes into a very deep recession that risk remains, but at least you are getting paid to take that risk. Auto, and capital goods look expensive to me. So, yes, on the domestic side, beaten down financials is the only really attractive cyclical sector.
Arab Times
05-04-2025
- Business
- Arab Times
UAE introduces new tax measures to boost investment and economic growth
DUBAI, April 5: The UAE Ministry of Finance has unveiled new regulations aimed at fostering economic growth by attracting more investments. The regulations focus on Qualifying Investment Funds (QIFs) and Qualifying Limited Partnerships, offering favorable tax incentives to boost their appeal. Under the new rules, investors in QIFs will enjoy a favorable tax regime, with income exempt from UAE Corporate Tax, provided they meet certain conditions, including maintaining a minimum real estate asset threshold of 10% and ensuring ownership diversity. The new framework also allows QIFs a grace period to address ownership diversity issues beyond the initial two years, as long as these breaches do not exceed 90 cumulative days per year or occur during liquidation. Notably, violations of ownership diversity will only affect the breaching investors, not the entire fund, assuming other exemption criteria are met. If a QIF surpasses the real estate asset threshold, only 80% of its real estate income will be subject to taxation, in line with the treatment of Real Estate Investment Trusts (REITs). Foreign juridical investors in REITs and QIFs who meet specific conditions and distribute at least 80% of their income within nine months of the financial year-end will only need to register for Corporate Tax when dividends are distributed, simplifying compliance. The regulations also allow certain limited partnerships to acquire tax-transparent status, aligning with international best practices in the taxation of such structures. This decision highlights the UAE's commitment to fostering a business-friendly environment by attracting investments and simplifying regulatory compliance. By offering competitive tax advantages and efficient administrative procedures, the UAE continues to solidify its position as a leading global investment hub.
