Latest news with #POR
United News of India
07-05-2025
- Business
- United News of India
CoinSwitch holds higher crypto assets than its users
Mumbai, May 7 (UNI) Continuing its commitment to transparency and trust-building, CoinSwitch, India's largest crypto platform with over two crore users, claimed on Wednesday that the company's total holdings in crypto and INR (Indian Rupees) exceed total assets held by its customers. While publishing the fifth edition of its Proof of Reserves (POR), achieved through an independent audit and on-chain validation, as of March 31, 2025, CoinSwitch's total reserves, including crypto and INR balance, stood at Rs 2,764.20 crore, while customer holding totaled Rs 2,138.64 crore, representing a surplus of Rs 625.56 crore, reflecting prudent asset management and robust liquidity. According to the latest proof of reserves, CoinSwitch maintains a holdings ratio of 1:1 or more (a ratio of 1:1 or higher means the platform holds as much or more than users' crypto and INR balances, allowing users to redeem or withdraw them at any time). The assets held by PeepalCo, CoinSwitch's parent brand PeepalCo, are in addition to these funds and are not included in this POR assessment, said a release issued here on Wednesday. UNI AAA SS
Voice of America
06-03-2025
- Politics
- Voice of America
Taliban urge Pakistan, Iran to slow return of Afghan nationals
Afghanistan's Taliban Thursday called on neighbors Pakistan and Iran to be patient with Afghan refugees and follow an organized process for their return, considering Afghanistan's economic challenges. Pakistan and Iran have sent back more than 2.7 million Afghans to their home country since the 20-year U.S.-led war in Afghanistan ended in August 2021. Mawlawi Abdul Kabir, the Taliban acting minister of refugees and repatriation affairs, separately met with Ubaid Ur Rehman Nizamani, Pakistan's charge d'affaires in Afghanistan, and Iran's ambassador to Afghanistan, Alireza Bekdali, in Kabul. In a post on social media platform X, the Afghan ministry said Kabir expressed hope that the 'host countries will exercise patience and forbearance toward refugees.' 'Islamic Emirate encourages Afghan refugees to return to the country,' said the statement. 'But due to lack of conditions at home, host countries should consider organized return process instead of forced deportation, and act according to a gradual mechanism.' Afghan expulsion Since Pakistan launched a drive in late 2023 to remove foreign nationals residing illegally in the country, citing security concerns, more than 825,000 Afghans have left, according to data compiled by the U.N. High Commission for Refugees. However, only a small fraction — roughly 40,000 — have been deported. Pakistan approved a multistage plan in late January targeting nearly 3 million Afghan citizens. It includes legally declared refugees, documented as well as undocumented migrants, and those awaiting relocation to the United States and other Western countries. That plan calls for repatriating documented Afghan migrants and undocumented Afghan citizens in Phase 1. It also calls for the removal of Afghans awaiting third-country relocation from Islamabad by March 31. Last July, Pakistan extended the validity of Proof of Registration, or POR, cards for Afghan refugees until June 30, 2025. The government's January plan to expel Afghans says POR card holders will be dealt with later. Driven largely by economic concerns, Iran deported more than 1.8 million Afghans between 2022 and 2024, according to aid website Relief Web that takes data from UNHCR. Last September, Tehran announced it plans to deport up to 2 million by March 2025. Time needed Kabir called on Iran and Pakistan to slow the pace of returns until bilateral mechanisms are put in place. 'Time should be given to hold bilateral and trilateral meetings in this regard,' the statement said. Nizamani, Pakistan's top diplomat in Afghanistan, said refugees are not a political tool, according to the Afghan ministry's post. 'He said that Pakistan's future is linked to Afghanistan, therefore, it does not use Afghan refugees as political tools, but wants the problems to be resolved through understanding,' the refugee ministry said on X. A request to Pakistan's Ministry of Foreign Affairs in Islamabad, seeking confirmation of Nizamani's remarks, was not returned. Iranian ambassador Bekdali called for a permanent solution to the issue, the Taliban ministry said. 'We want to see the illegal migrants living in Iran, refugees, provided with the necessary legal documents,' the statement quoted Bekadli as saying. There was no immediate confirmation from Bekdali's office regarding his remarks. Refugee rights groups and human rights watchdogs have repeatedly called on Iran and Pakistan to ensure that the rights of Afghan refugees and undocumented migrants are protected, and they are not forced to return to Afghanistan, where the economy is in shambles, the majority relies on aid, and women face severe curbs on basic rights and liberties.
Yahoo
04-03-2025
- Business
- Yahoo
Is There An Opportunity With Portland General Electric Company's (NYSE:POR) 47% Undervaluation?
Using the 2 Stage Free Cash Flow to Equity, Portland General Electric fair value estimate is US$84.75 Portland General Electric's US$45.24 share price signals that it might be 47% undervalued The US$48.79 analyst price target for POR is 42% less than our estimate of fair value How far off is Portland General Electric Company (NYSE:POR) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by taking the expected future cash flows and discounting them to their present value. The Discounted Cash Flow (DCF) model is the tool we will apply to do this. Don't get put off by the jargon, the math behind it is actually quite straightforward. We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you. See our latest analysis for Portland General Electric We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF ($, Millions) -US$121.1m US$96.1m US$148.7m US$207.0m US$265.4m US$320.0m US$368.8m US$411.2m US$447.6m US$479.1m Growth Rate Estimate Source Analyst x2 Analyst x2 Est @ 54.76% Est @ 39.15% Est @ 28.23% Est @ 20.59% Est @ 15.24% Est @ 11.49% Est @ 8.87% Est @ 7.03% Present Value ($, Millions) Discounted @ 6.3% -US$114 US$85.1 US$124 US$162 US$196 US$222 US$241 US$253 US$259 US$261 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = US$1.7b After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.8%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 6.3%. Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = US$479m× (1 + 2.8%) ÷ (6.3%– 2.8%) = US$14b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$14b÷ ( 1 + 6.3%)10= US$7.6b The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$9.3b. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of US$45.2, the company appears quite good value at a 47% discount to where the stock price trades currently. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind. Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Portland General Electric as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 6.3%, which is based on a levered beta of 0.816. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. Strength Earnings growth over the past year exceeded the industry. Weakness Interest payments on debt are not well covered. Dividend is low compared to the top 25% of dividend payers in the Electric Utilities market. Opportunity Annual earnings are forecast to grow for the next 3 years. Good value based on P/E ratio and estimated fair value. Threat Debt is not well covered by operating cash flow. Paying a dividend but company has no free cash flows. Annual earnings are forecast to grow slower than the American market. Whilst important, the DCF calculation shouldn't be the only metric you look at when researching a company. It's not possible to obtain a foolproof valuation with a DCF model. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. Why is the intrinsic value higher than the current share price? For Portland General Electric, we've compiled three additional items you should further research: Risks: Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Portland General Electric (at least 1 which doesn't sit too well with us) , and understanding them should be part of your investment process. Management:Have insiders been ramping up their shares to take advantage of the market's sentiment for POR's future outlook? Check out our management and board analysis with insights on CEO compensation and governance factors. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock just search 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.
Khaleej Times
27-02-2025
- Automotive
- Khaleej Times
Fifth Abu Dhabi Desert Challenge victory for Al-Attiyah
Nasser Al-Attiyah won the high-speed final stage of the 2025 Abu Dhabi Desert Challenge to seal a second consecutive win and a remarkable fifth overall as the 34 th edition of the event came to a thrilling conclusion on the shores of Hudayriyat Island in Abu Dhabi. The Qatari driver's win is also the first in the FIA World Rally Raid Championship and at the Desert Challenge for the Dacia Sandriders team. 'I'm really so happy to win this Abu Dhabi Desert Challenge,' said Al-Attiyah of his victory. 'It was a really a tough week. It's not easy, but over the last three days we pushed a lot, and we are quite happy. To win five times in Abu Dhabi is a big thing as we know this race is a hard one. Thanks to the team, we put everything and it's really amazing. Lucas did a good job. He tried very well, and Toyota are still fast, but we are coming with our new car.' In the Bikes category, Red Bull KTM Factory Racing Team rider Daniel Sanders delivered a solid ride to fourth place on the final Abu Dhabi Sports Council Stage 5 to wrap up a convincing overall win, the Australian's second of the season after he triumphed as the season opening Rally Dakar last month. The final Rally GP stage win of the 2025 edition went to Monster Energy Honda's Tosha Schareina, who finished ahead of team-mate Ricky Brabec and Red Bull KTM Factory Racing Team's Luciano Benavides. 'This one is a really good one to tick off,' said Sanders. 'Last time I was here I had a really bad last day. I had a shot at winning it, but I ran out of fuel. So that was preying on my mind a little bit, but I finally got to the finish line in first. I'm feeling good, I'm enjoying riding and the KTM is on fire!' RESULTS STAGE 5 ABU DHABI SPORTS COUNCIL Ultimate Nasser Al -Attiyah (QAT) Time: + 02:04:25 Lucas Moraes (BRA) Gap: + 01:47 Seth Quintero (USA) Gap: + 04:34 Challenger Yasir Seaidan (KSA) Time: 02:12:00 Pau Navarro (ESP) + 05:45 Marcos Baumgart (BRA) + 08:06 SSV Jeremias Gonzalez Ferioli (ARG) Time: 02:19:39 Alexandre Pinto (POR) Gap: +02:36 Jose Nogueira (POR) Gap: + 11.01 QUAD Marek Loj (POL) Time: 02:45:19 Gaëtan Martinez (FRA) +01:34 Marcin Wilkolek (POL) Gap: +03:19 Rally GP Tosha Schareina (ESP) Time: 02:03:27 Ricky Brabec (USA) Gap: +01.31 Luciano Benavides (ARG) Gap: + 02:22 Rally2 Michael Docherty (RSA) Time: 02:10:34 Tobias Ebster (AUT) Gap: + 02:11 Ruy Barbosa (CHI) Gap: +04:00 OVERALL RESULTS Ultimate (Overall) Nasser Al-Attiyah (QAT) Time: 14:26:55 Luca Moraes (BRA) +02:28 Seth Quintero (USA) +11:56 Challenger (Overall) Dania Akeel (KSA) Time 15:44:25 Pau Navarro (ESP) Gap: + 03:28 Marcos Baumgart (BRA) Gap + 11:41 SSV (Overall) Jeremias Gonzalez Ferioli (ARG) Time: 15:58:21 Enrico Gaspari (ITA) Gap: + 01:26:44 Jose Nogueira (POR) Gap: + 03:24:39 Quad (Overall) Antanas Kanopkinas (LTU) 20:23:02 Gaëtan Martinez (FRA) Gap + 26:18 Marek Loj (POL) Gap: + 05:13:41 Rally GP ( Overall) Daniel Sanders (AUS) Time: 14:20:56 Ricky Brabec (USA) Gap: + 05:47 Tosha Schareina (ESP) Gap: + 06:04 Rally 2 (Overall)
