Latest news with #KSS
Bangkok Post
7 hours ago
- Business
- Bangkok Post
Thai equities attract foreigners in July
Foreign investors continued to pour money into Thai equities throughout July, with net inflows exceeding 11 billion baht as the Thai stock market became more attractive due to a weaker dollar and hopes of a favourable outcome from US-Thai trade negotiations, say analysts. Koraphat Vorachet, assistant managing director and head of research at Krungsri Securities (KSS), said foreign fund flows into Asian stock markets remain positive, with clear buying signals seen in South Korea, the Philippines and Thailand. This trend reflects bullish investor sentiment and KSS expects continued net foreign buying across the region for the rest of this month, he said. According to data from SET Smart, foreign investors were net buyers on 11 out of 12 trading days through July 23, bringing total net inflows to more than 11 billion baht for the month. However, on a year-to-date basis foreign investors recorded net outflows of 67.5 billion baht, while Thai retail investors remained net buyers with more than 93 billion baht. KSS recommends focusing on large-cap stocks in the spotlight for foreign investors, such as Advanced Info Service (ADVANC), Bangkok Dusit Medical Services (BDMS), Bangkok Bank (BBL), CP All, Gulf Development (GULF), Siam Commercial Bank (SCB) and PTT. Finansia Syrus Securities has a similar view, noting continued foreign inflows are being driven by the weakening US dollar, which has strengthened Asian currencies and attracted more capital into regional markets. Investor optimism has also been fuelled by expectations of a potential tariff agreement between Thailand and the US following successful negotiations with Vietnam and Indonesia, which resulted in rallies in their stock markets, noted the brokerage. Speculators are betting Thailand could follow a similar path, prompting early capital inflows in anticipation of a deal, according to Finansia Syrus. "Foreign investors see the ongoing US-Thai trade negotiations as a speculative opportunity," said a Finansia Syrus analyst. "Whether Thailand ultimately gains or loses from the deal will determine whether investors increase or withdraw their holdings." Therdsak Thaveeteeratham, executive vice-president at Asia Plus Securities, expects foreign fund flows to gradually increase in the second half of the year. "Thai stocks are now trading at attractive valuations, which could lead to a slow but steady accumulation by foreign investors," he said. Selling pressure from both institutional and foreign investors may ease in the third quarter, said Mr Therdsak. The total value of long-term equity funds has declined to 102 billion baht from 117 billion earlier this year. Meanwhile, direct foreign ownership in Thai equities continues to decline, recently falling to 24.2%. Several negative factors weighing on the Thai bourse are now easing, such as a temporary pause in the Middle East conflict, expectations that Thailand's 2026 fiscal budget bill will pass, and limited economic fallout from rising tensions along the Thai-Cambodian border. The main lingering concern is the outcome of trade negotiations with the US, said Mr Therdsak. If Thai exports remain subject to a 36% tariff, the impact on listed company earnings could be limited to around 1%. However, if the tariff is reduced, there is significant upside potential for the Thai stock market, he said.
The Citizen
5 days ago
- The Citizen
Robbers blow up ATM at filling station in Standerton, shootout ensue
The Sasol filling station in FD Viljoen Street was the scene of a violent armed robbery in the early hours of this morning (at about 01:30), during which suspects detonated explosives and exchanged gunfire with a private security company. According to Standerton police spokesperson, Captain Braam Robberts, five employees and a security guard were on duty at the time of the attack. One of the petrol attendants was sitting in his private vehicle in front of the kiosk when he was ambushed by two armed suspects, believed to have approached from behind the building. The attendant was forced into the kiosk, where the rest of the staff were held at gunpoint and ordered to lie on the floor. Moments later, suspects detonated an explosive device to access the drop-in safe. A second blast targeted an ABSA ATM located at the front of the premises. Kasselman Security Services (KSS) responded swiftly to the alarm, resulting in a shootout between a security officer and the suspects. Although several vehicles were hit by gunfire, including a Kasselman patrol vehicle and a stationary truck across the street, no injuries were reported. A vehicle believed to be a Chevrolet Cruze (make and colour unconfirmed) entered the premises and collected some of the suspects. Others reportedly fled on foot in the direction of Secunda. Surveillance footage captured at least six individuals involved in the attack. Robberts said the police recovered 38 spent AK-47 cartridges at the scene, along with a projectile lodged in the trailer of the truck. An undisclosed amount of cash was stolen during the robbery. Security teams from Balfour and Secunda pursued possible escape routes out of Standerton but found no trace of the fleeing suspects. All relevant authorities attended the scene, and investigations are ongoing.
Yahoo
6 days ago
- Business
- Yahoo
Kohl's (KSS) Surges 37.6%: Is This an Indication of Further Gains?
Kohl's KSS shares rallied 37.6% in the last trading session to close at $14.34. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 28.6% gain over the past four weeks. Kohl's shares have been gaining on the optimism surrounding its effective inventory and expense management. Focus on key growth categories like Sephora, home decor, and impulse items, along with enhanced customer experience initiatives, are contributing to KSS's success. This department store operator is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of -44.1%. Revenues are expected to be $3.48 billion, down 6.7% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. For Kohl's, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on KSS going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Kohl's is part of the Zacks Retail - Regional Department Stores industry. Dillard's DDS, another stock in the same industry, closed the last trading session 4.3% higher at $484.52. DDS has returned 15.2% in the past month. For Dillard's, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $3.47. This represents a change of -24.4% from what the company reported a year ago. Dillard's currently has a Zacks Rank of #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kohl's Corporation (KSS) : Free Stock Analysis Report Dillard's, Inc. (DDS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
News18
6 days ago
- General
- News18
3,438 SHGs formed to empower de-notified, nomadic communities: Govt
New Delhi, Jul 23 (PTI) The Centre on Wednesday said it has formed 3,438 Self Help Groups (SHGs) with 46,067 members exclusively from de-notified, nomadic and semi-nomadic communities (DNTs) as part of its Scheme for Economic Empowerment of DNTs (SEED). The scheme aims to improve access to education, healthcare, housing and livelihood for these historically marginalised groups. In a written reply to a question in the Rajya Sabha, Minister of State for Social Justice and Empowerment B L Verma said the SEED scheme was launched to empower the DNT communities through targeted interventions, including free coaching for education and job opportunities, distribution of Ayushman Bharat health cards, promotion of livelihood activities through SHGs and provision of housing under the Pradhan Mantri Awas Yojana (both rural and urban). To coordinate efforts for the welfare of these communities, the ministry has also set up the Development and Welfare Board for De-notified, Nomadic and Semi-Nomadic Communities (DWBDNC). The board is working in collaboration with the National Backward Classes Finance and Development Corporation (NBCFDC), the National Scheduled Castes Finance and Development Corporation (NSFDC), and several NGOs to engage directly with the communities. However, the ministry clarified that the National Rural Livelihoods Mission (NRLM) does not maintain segregated data on DNT participation in SHGs at the national level. The SEED scheme is part of the government's broader effort to ensure social justice and inclusion for groups that have traditionally remained outside the formal welfare net. PTI UZM UZM KSS KSS view comments First Published: July 23, 2025, 18:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
7 days ago
- Automotive
- News18
Delhi govt to invite innovative ideas for retrofitting BS-IV trucks
Agency: PTI Last Updated: New Delhi, Jul 22 (PTI) In view of the approaching ban on the entry of BS-IV trucks in the national capital, the Delhi government is going to invite innovative ideas for retrofitting of these vehicles to meet BS-VI standards, Environment Minister Manjinder Singh Sirsa said on Tuesday. The minister has directed the Delhi Pollution Control Committee (DPCC) to hold an innovation challenge to find technological solutions to the issue. The challenge will also involve finding solutions for reducing emissions of BS-IV compliant vehicles. 'The Innovation Challenge will be focused on identifying and promoting low-cost, easy-to-maintain and effective technological solutions capable of reducing/absorbing PM2.5 and PM10 emissions (of at least twice the amount emitted) from BS-IV vehicles operating," the minister said. PM2.5 are fine particles with a diameter of 2.5 micrometres or less, about the width of a human hair. These are so small that they can penetrate deep into the lungs and even enter the bloodstream, posing significant health risks. On the other hand, PM10 are coarser particles with a diameter of 10 micrometres or less, about the width of 10 human hairs. While not as concerning as PM2.5, these can still irritate the airways and worsen respiratory problems. The government will also hold a competition inviting innovation for retrofitting of BS-IV trucks to meet BS VI standards, he said. From November 1, only BS-VI (Bharat Stage 6), CNG or EV commercial vehicles will be allowed to enter the city. 'If commercial vehicles won't be allowed to enter Delhi, it would lead to a crisis. We will hold this challenge to invite solutions for retrofitting of BS-IV trucks," he added. The Bharat stage emission standards are standards instituted by the government to regulate the output of air pollutants from motor vehicles. The innovation challenge will be held in three stages — in the first stage, the proposal will be evaluated on the basis of paper submitted; the second stage will be focussed on carrying out an exhaustive study of the proposal following which Rs five lakh will be given for testing the technology. The certification will be given by The National Physical Laboratory (NPL), officials said. PTI SLB SLB KSS KSS view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
