Latest news with #Thakral
Economic Times
27-05-2025
- Business
- Economic Times
Crypto Prices Today: Bitcoin slips below $110,000 amid profit booking; Altcoins fall up to 5%
Bitcoin price today: Traders are monitoring macro developments such as the delayed U.S. tariffs on EU imports and potential crypto regulations. Bitcoin price today: Bitcoin slipped below $110,000 amid profit booking, while altcoins declined up to 5%, reflecting cautious sentiment. Despite short-term weakness, institutional interest remains strong with steady ETF inflows and major purchases. Analysts view the dip as consolidation, with BTC support at $105,200 and resistance at $111,000. Market watchers are also eyeing regulatory developments and FTX-related liquidity events. Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS Ethereum 2,23,745 ( 1.92 %) Buy BNB 58,219 ( 1.41 %) Buy Tether 85.42 ( 0.37 %) Buy Bitcoin 93,68,394 ( 0.12 %) Buy XRP 197.23 ( -1.45 %) Buy Bitcoin and other major cryptocurrencies were trading lower on Tuesday, reflecting cautious sentiment among traders despite continued institutional interest in the digital asset of 12:49 PM IST, Bitcoin dropped 0.7% to $1,09,153, after briefly touching a high of $110,376. Ethereum also edged lower, down 0.11% to $2,583. The global cryptocurrency market capitalisation declined by 1% to $3.42 trillion, according to CoinMarketCap.'Bitcoin briefly reclaimed the $110,000 mark before seeing some profit-taking at higher levels,' said Alankar Saxena, Co-founder and CTO of Mudrex. He added that despite the dip, market makers remain confident as Bitcoin options trade at a negative 6%—a pattern typically seen in bullish conditions. BTC faces resistance at $111,000 and support around $105,200, he Thakral, CEO of BuyUcoin, echoed the sentiment, saying, 'The reason for the current dip might be profit booking by short-term traders who liquidated their positions to create fresh ones.'Despite the short-term weakness, analysts pointed to sustained institutional interest. Vikram Subburaj, CEO of Giottus, noted that while Bitcoin triggered $185 million in long liquidations on Binance in the past week, 'spot ETF inflows remain strong' and options data 'point to a market driven by demand and not leverage.''Recent moves like Strategy's $427 million Bitcoin purchase and JPMorgan opening access to Bitcoin ETFs signal growing institutional conviction,' he Exchange Research Analyst Riya Sehgal also highlighted continued ETF inflows. 'Bitcoin's uptrend remains intact with higher highs and higher lows. The market is consolidating near the $110,000 level, awaiting a decisive breakout or breakdown. Meanwhile, Ethereum is range-bound between $2,450 and $2,750,' she traded broadly in the red. Solana dropped 2.2%, Cardano 1.2%, Dogecoin 1.4%, Sui 5.2%, Avalanche 1.6%, XRP 2.6%, and Hyperliquid 4.4%.Bitcoin's dominance rose to 63.2%, with its market cap at $2.169 trillion. Daily trading volume, however, jumped 10.6% to $49.19 to the cautious sentiment, traders are monitoring macro developments such as the delayed U.S. tariffs on EU imports and potential crypto regulations. 'The U.S. Senate is expected to vote on the GENIUS Act, which could influence innovation in the sector,' said second round of repayments could also inject liquidity into the market, potentially boosting trading activity.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Yahoo
26-05-2025
- Business
- Yahoo
Are Robust Financials Driving The Recent Rally In Thakral Corporation Ltd's (SGX:AWI) Stock?
Most readers would already be aware that Thakral's (SGX:AWI) stock increased significantly by 67% over the past three months. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. In this article, we decided to focus on Thakral's ROE. Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Simply put, it is used to assess the profitability of a company in relation to its equity capital. We've discovered 3 warning signs about Thakral. View them for free. The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Thakral is: 16% = S$35m ÷ S$216m (Based on the trailing twelve months to December 2024). The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each SGD1 of shareholders' capital it has, the company made SGD0.16 in profit. View our latest analysis for Thakral We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes. At first glance, Thakral seems to have a decent ROE. Further, the company's ROE compares quite favorably to the industry average of 9.0%. Probably as a result of this, Thakral was able to see a decent growth of 15% over the last five years. As a next step, we compared Thakral's net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 14% in the same period. The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Thakral is trading on a high P/E or a low P/E, relative to its industry. With a three-year median payout ratio of 32% (implying that the company retains 68% of its profits), it seems that Thakral is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered. Additionally, Thakral has paid dividends over a period of nine years which means that the company is pretty serious about sharing its profits with shareholders. Overall, we are quite pleased with Thakral's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Not to forget, share price outcomes are also dependent on the potential risks a company may face. So it is important for investors to be aware of the risks involved in the business. You can see the 3 risks we have identified for Thakral by visiting our risks dashboard for free on our platform 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. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Straits Times
25-05-2025
- Business
- Straits Times
Singtel hits five-year high; no reprieve for Yangzijiang as stock slides further
Singtel has hit more than half of its $6 billion mid-term asset recycling target and is now raising this target to $9 billion. ST PHOTO: TARYN NG SINGAPORE - Shares of Singtel hit a five-year high of $3.99 on May 22, after the company announced it had proposed a final dividend of 10 cents per share for the financial year ended March 31. The proposal brought total dividends for the year to 17 cents, up from 15 cents in the previous year. Singtel also said it will buy back up to $2 billion of its shares over three years to return excess capital to shareholders. It added that the buybacks will be funded by excess capital from the group's asset recycling proceeds. Following its divestment of a 1.2 per cent stake in its Indian associate Bharti Airtel for $2 billion earlier in May, Singtel has hit more than half of its $6 billion mid-term asset recycling target and is now raising this target to $9 billion. The company reported a net profit of $4.02 billion for the financial year, more than five times that of the previous year. This was due to a net exceptional gain of $1.55 billion, mainly from the partial divestment of its Comcentre headquarters, compared with a net exceptional loss of $1.47 billion a year ago. Shares of Singtel were heavily traded through the week, and closed on May 23 at $3.88. Yangzijiang Shipbuilding continued to slide last week. The shipbuilder's shares have been falling ever since a US proposal to impose fees on Chinese-built vessels entering American ports was announced on Feb 21, the same day the shares hit an all-time high of $3.22. In a business update on May 22, Yangzijiang reported securing only six new ship orders worth US$290 million (S$372 million) in the first quarter of 2025 – less than 5 per cent of its US$6 billion annual target. The company attributed the slowdown to ship owners holding back amid uncertainty over US port fees. Yangzijiang also noted that it remains on track to deliver its targeted 56 vessels in 2025 and holds an order book valued at US$23.2 billion, with deliveries scheduled over the next three years. Nevertheless, its shares fell by more than 6 per cent through the week, closing on May 23 at $2.06. Thakral jumps on possible IPO of Australia associate Shares of Thakral Corporation jumped by more than 16 per cent to $1 on May 23, after providing an update on its associate company, GemLife, an over-50s lifestyle resorts business in Australia in which it holds a 31.7 per cent effective stake. Thakral said GemLife has made progress in evaluating its future growth options, including a potential initial public offering (IPO). The update follows an April 7 exchange filing, in which Thakral issued a clarification in response to an article published by the Australian Financial Review on April 2. The article had said that GemLife's owners have appointed financial advisers as well as representatives to arrange introductory meetings with investors as they explore a potential IPO. Thakral stated then that while introductory meetings with investors are being planned regarding GemLife, there is no certainty that any transaction will take place. In its first-quarter business update on May 19, Thakral, which invests in real estate and lifestyle brands, revealed that its revenue for the period had risen by 26.6 per cent year on year to $76 million. Meanwhile, its profit before tax was up 27.6 per cent to $6.3 million over the period, thanks to higher profit contributions from GemLife, which completed 58 new homes in its resorts during the quarter, taking the number of occupied homes it operates to 1,862 as at March 31. Great Eastern gets more time to restore its free float Insurer Great Eastern Holdings said on May 23 that it has been granted a third extension of time to comply with free float requirements under Singapore Exchange listing rules. The insurer now has until June 8 to announce its finalised proposal to comply with the rules and will issue an announcement on the matter 'no later' than that. Great Eastern noted in its stock exchange filing that it has been exploring various options to formulate a proposal that meets the minimum 10 per cent free float requirement and addresses the interests of stakeholders. It added that it has made 'significant progress' on that front. Shares of Great Eastern have been suspended from trading since July 2024, after the company lost its free float following a takeover bid by its majority shareholder OCBC Bank. OCBC in May 2024 made a $1.4 billion voluntary unconditional general offer for the remaining 11.56 per cent stake in Great Eastern that it did not already own. At the close of the offer in July 2024 however, the bank had managed to accumulate just 93.52 per cent of the insurer, falling short of the 95 per cent stake required for compulsory acquisition and delisting. Some minority shareholders, who say OCBC's offer price for Great Eastern of $25.60 per share is below what the insurer is worth, have refused to sell their shares. They have also noted an independent financial adviser's opinion that the offer, while reasonable, is nevertheless unfair. Great Eastern Holdings has been granted a third extension of time to comply with free float requirements under Singapore Exchange listing rules. ST PHOTO: KUA CHEE SIONG Meanwhile, chief executive of Cosmosteel Holdings Ong Tong Hai has been purchasing shares of the steel company in the open market. Between May 20 and May 23, Mr Ong purchased around 6.4 million Cosmosteel shares, raising his stake in the company to 16.98 per cent. Notably, at 21.87 cents to 22 cents each, the price paid by Mr Ong for the shares is higher than an ongoing offer of 20 cents per share made by an entity called 3HA Capital. 3HA Capital comprises parties including Hanwa Singapore, a subsidiary of Tokyo-listed steel trader Hanwa Co, which is Cosmosteel's single largest shareholder with a 31.61 per cent stake. While 3HA Capital's offer price of 20 cents is 48.1 per cent higher than Cosmosteel's share price of 13.5 cents on May 14, it is still a discount to the company's net asset value per share of 29.31 cents as at March 31. 3HA Capital has said that it plans to continue to develop and grow Cosmosteel's existing businesses and keep the company listed. However, if it receives more than 90 per cent of Cosmosteel's shares, it might then exercise the right to compulsorily acquire the remaining shares and delist the company. Other market movers Shares of Metro Holdings, which had initially surged at the start of the week, fell 1.2 per cent to close at 41 cents on May 23, after the real estate investment company reported losses for the year ended March 31. Metro Holdings reported losses for the year ended March 31. PHOTO: ST FILE Metro reported a loss after tax of $224.7 million for the period compared with a profit of $14.6 million in the previous year, due to reductions in the value of its property portfolio in China, where the economy continued to experience a downturn. Group revenue, which was mainly generated by sales at the Metro Paragon and Metro Causeway Point department stores in Singapore, fell by almost 10 per cent year on year to $104.5 million. As a result, the retail division reported a loss after tax of $6.9 million for the year compared with a profit of $1.8 million in the previous year, amid challenges confronting Singapore's retail sector, Metro CEO Yip Hoong Mun said. Shares of Food Empire continued to rise last week. They reached a five-year high of $1.80 on May 20, before closing the week at $1.77. Analysts have turned bullish on Food Empire since the company announced on May 13 higher revenues for the first quarter, driven by strong sales of its instant coffee products in Vietnam. In contrast, they are now less bullish over Thai Beverage, whose shares have lost value due to weaker margins and consumer sentiment in recent years. They closed last week at 46 cents, down by more than 2 per cent. What to look out for this week Shares of Sats could see some trading activity this week, after the company reported on May 23 after the market closed a net profit of $243.8 million for the year ended March 31. The company saw its profit rising by more than four times from a year ago, thanks to 'notable customer wins across (Sats') network, including multiple new cargo and ground handling contracts secured with key customers such as Air India, Emirates and DHL in major airports', CEO Kerry Mok said. Join ST's Telegram channel and get the latest breaking news delivered to you.
Economic Times
05-05-2025
- Business
- Economic Times
Crypto prices today: Bitcoin falls below $94k ahead of Fed decision
Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS Tether 84.28 ( -0.3 %) Buy Ethereum 153,847 ( -1.04 %) Buy BNB 49,901 ( -1.07 %) Buy Bitcoin 7,979,473 ( -1.52 %) Buy XRP 183.35 ( -1.73 %) Buy Popular in Markets The crypto market traded lower on Monday as investors awaited the US Federal Reserve 's interest rate decision later this week. Bitcoin slipped 1.4% to $94,587 as of 12:01 PM IST, after touching an intraday high of $96,089. Ethereum fell 1.5% to $1,815, while the global crypto market cap dipped 1.05% to $2.95 trillion. Altcoins also faced selling pressure, with Shiba Inu, Dogecoin, and Cardano all down over 1%. XRP fell 1.4%, BNB 1%, Toncoin 1.7%, and Hedera 1.4%.Bitcoin's market cap dropped to $1.879 trillion, with its dominance easing to 63.69%. Meanwhile, daily crypto trading volume rose 31.6% to $21.52 billion, largely led by stablecoins, which accounted for over 91% of activity.'Bitcoin is again in the consolidation zone between $91,500 and $96,000,' said Piyush Walke, Derivatives Research Analyst at Delta Exchange. He noted that the current price action is forming a Flag and Pole pattern—a bullish signal that could push BTC toward $100,000 if confirmed with high Thakral, CEO of BuyUcoin, said the market is 'bracing for the Fed's decision,' with investors leaning toward a pause in rate changes amidst macro uncertainty. 'Gold is gaining traction, but BTC has held firm above the $94,000 mark,' he to Vikram Subburaj, CEO of Giottus, liquidity near $91,000 may be tested in the near term. 'An interest rate cut would boost sentiment, though analysts don't see that as a likely outcome,' he to the cautious optimism, Mudrex Co-founder and CTO Alankar Saxena pointed out that Bitcoin recently recorded over 925,000 active addresses in a single day—the highest in six months—indicating strong underlying network activity. 'A dovish Fed stance could ignite a rally toward the $100,000 mark,' Saxena said, with the next key resistance seen around $97, the Federal Open Market Committee (FOMC) decision looming, crypto investors are likely to remain on edge, weighing macroeconomic cues against technical market signals.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
05-05-2025
- Business
- Time of India
Crypto prices today: Bitcoin falls below $94k ahead of Fed decision
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The crypto market traded lower on Monday as investors awaited the US Federal Reserve 's interest rate decision later this week. Bitcoin slipped 1.4% to $94,587 as of 12:01 PM IST, after touching an intraday high of $96,089. Ethereum fell 1.5% to $1,815, while the global crypto market cap dipped 1.05% to $2.95 trillion. Altcoins also faced selling pressure, with Shiba Inu, Dogecoin, and Cardano all down over 1%. XRP fell 1.4%, BNB 1%, Toncoin 1.7%, and Hedera 1.4%.Bitcoin's market cap dropped to $1.879 trillion, with its dominance easing to 63.69%. Meanwhile, daily crypto trading volume rose 31.6% to $21.52 billion, largely led by stablecoins, which accounted for over 91% of activity.'Bitcoin is again in the consolidation zone between $91,500 and $96,000,' said Piyush Walke, Derivatives Research Analyst at Delta Exchange. He noted that the current price action is forming a Flag and Pole pattern—a bullish signal that could push BTC toward $100,000 if confirmed with high Thakral, CEO of BuyUcoin, said the market is 'bracing for the Fed's decision,' with investors leaning toward a pause in rate changes amidst macro uncertainty. 'Gold is gaining traction, but BTC has held firm above the $94,000 mark,' he to Vikram Subburaj, CEO of Giottus, liquidity near $91,000 may be tested in the near term. 'An interest rate cut would boost sentiment, though analysts don't see that as a likely outcome,' he to the cautious optimism, Mudrex Co-founder and CTO Alankar Saxena pointed out that Bitcoin recently recorded over 925,000 active addresses in a single day—the highest in six months—indicating strong underlying network activity. 'A dovish Fed stance could ignite a rally toward the $100,000 mark,' Saxena said, with the next key resistance seen around $97, the Federal Open Market Committee (FOMC) decision looming, crypto investors are likely to remain on edge, weighing macroeconomic cues against technical market signals.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
