Latest news with #pessimistic
Business Times
19-05-2025
- Business
- Business Times
Thailand Q1 GDP growth beats forecast, but full-year forecast cut due to tariffs
[BANGKOK] Thailand's economy grew more than expected in the first quarter of 2025, data showed on Monday (May 19), but the state planning agency slashed its full-year growth and trade forecasts as US tariffs threaten the country's export engine. Thailand faces a 36 per cent tariff on shipments to the US, its biggest export market, if a reduction cannot be negotiated before a moratorium expires in July. The economy grew 3.1 per cent in the January-to-March quarter from a year earlier, the National Economic and Social Development Council (NESDC) said, above market expectations of 2.9 per cent growth and just below the 3.3 per cent pace in the previous quarter, the National Economic and Social Development Council said. The agency cut its 2025 economic growth forecast to 1.3 to 2.3 per cent from a range of 2.3 to 3.3 per cent seen earlier, saying high consumer and corporate debt burdens and the global trade war are expected to weigh on activity later in the year. 'This is not too pessimistic... and can be adjusted according to the changing situation,' NESDC head Danucha Pichayanan told a news conference. 'The impact of the US tariffs on the Thai economy is expected to last about two years as the economy already has structural problems,' he said. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up The NESDC cut its forecast for export growth this year to 1.8 per cent from 3.5 per cent. The main Thai stock index and the baht dropped slightly after the GDP data. 'Negative quarter-on-quarter GDP may be seen in the second half of the year,' Siam Commercial Bank economist Poonyawat Sreesing said, adding he expected two more interest rate cuts this year as the US tariffs slow economic activity. On a quarterly basis, South-east Asia's second-largest economy grew a seasonally adjusted 0.7 per cent in the March quarter, above the poll forecast of 0.6 per cent growth and 0.4 per cent growth in the prior quarter. The US tariffs were announced in early April, and while full implementation has been delayed there is a 10 per cent interim rate on shipments. Danucha said growth could slow in the current quarter as the private sector waited for clarity on the tariffs, but noted the government had prepared 200 billion baht (S$7.8 billion) for stimulus measures. Industrial sentiment fell to a six-month low in April due to concerns about the tariffs, the Federation of Thai Industries said on Monday. The NESDC also lowered its forecast for foreign tourist arrivals to 37 million this year, from 38 million seen earlier, with Chinese tourists, the biggest source market, projected at five million. Tourist arrivals hit a record of nearly 40 million in 2019, the year before the Covid-19 pandemic. REUTERS
New York Post
17-05-2025
- Sport
- New York Post
2025 NBA Eastern Conference finals odds: Knicks favored over Pacers
Gambling content 21+. The New York Post may receive an affiliate commission if you sign up through our links. Read our editorial standards for more information. Party like its 1999. The Knicks are favored to make their first NBA Finals in 26 years. After upsetting the defending champion Celtics in Round 2, the Knicks are a -150 favorite to win the Eastern Conference finals over the Pacers, who are a +125 underdog at BetMGM Sportsbook. Knicks vs. Pacers series odds Team Odds Knicks -150 Pacers +125 Odds via BetMGM With only Indiana standing in their way of making it to the championship round, the Knicks have the second-best odds (+350) to win the title behind the Thunder (+110), who are a heavy favorite to win Game 7 on Sunday against the Nuggets in Oklahoma City. But before they worry about that, the Knicks will have to get through the Pacers, whom they went 2-1 against during the regular season after getting eliminated by Indiana during the semifinal round last year. New York Knicks' Karl-Anthony Towns (32) gestures to the crowd during the second half of Game 6 in the Eastern Conference semifinals of the NBA basketball playoffs against the Boston Celtics Friday, May 16, 2025, in New York. AP Both teams were massive long shots to make the East finals — let alone the NBA Finals — when the playoffs began. The Pacers were a a +375 long shot to beat the East No. 1 seed Cavaliers during the semifinals before taking Cleveland down in just five games. Follow The Post's coverage of the Knicks in the 2025 NBA Playoffs Sports+ subscribers: Sign up for Inside the Knicks to get daily newsletter coverage and join Expert Take for insider texts about the series. Betting on the NBA? Oddsmakers were even more pessimistic about the Knicks' chances against the Celtics, pegging them as a +550 underdog. Vegas is expecting a long series. BetMGM's odds say the series is likely to go over 5.5 games (-200) while a seven-game series (+190) is the most likely outcome on their odds board. Why Trust New York Post Betting Dylan Svoboda is a versatile writer and analyst across many sports. He's particularly knowledgeable about the big three — MLB, the NFL and the NBA.
Yahoo
09-03-2025
- Business
- Yahoo
Earnings Update: Here's Why Analysts Just Lifted Their BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Price Target To US$114
Shareholders of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) will be pleased this week, given that the stock price is up 14% to US$116 following its latest annual results. Results were roughly in line with estimates, with revenues of US$21b and statutory earnings per share of US$4.00. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year. View our latest analysis for BJ's Wholesale Club Holdings After the latest results, the 19 analysts covering BJ's Wholesale Club Holdings are now predicting revenues of US$21.7b in 2026. If met, this would reflect a credible 5.7% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to increase 5.2% to US$4.26. Before this earnings report, the analysts had been forecasting revenues of US$21.8b and earnings per share (EPS) of US$4.28 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates. With the analysts reconfirming their revenue and earnings forecasts, it's surprising to see that the price target rose 14% to US$114. It looks as though they previously had some doubts over whether the business would live up to their expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic BJ's Wholesale Club Holdings analyst has a price target of US$135 per share, while the most pessimistic values it at US$63.34. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business. One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that BJ's Wholesale Club Holdings' revenue growth is expected to slow, with the forecast 5.7% annualised growth rate until the end of 2026 being well below the historical 8.7% p.a. growth over the last five years. Compare this to the 64 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 4.7% per year. Factoring in the forecast slowdown in growth, it looks like BJ's Wholesale Club Holdings is forecast to grow at about the same rate as the wider industry. The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving. With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for BJ's Wholesale Club Holdings going out to 2028, and you can see them free on our platform here. It might also be worth considering whether BJ's Wholesale Club Holdings' debt load is appropriate, using our debt analysis tools on the Simply Wall St 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. Sign in to access your portfolio
Yahoo
20-02-2025
- Business
- Yahoo
FTSE 100 LIVE: Stocks mixed as UK consumer confidence sinks to fresh low
The FTSE 100 (^FTSE) lagged behind its European peers on Thursday as UK consumer confidence sank to a new low amid concerns about finances and the state of the economy. According to the British Retail Consortium (BRC) and Opinium, the public's expectations for the economy worsened for a fifth month running in February, having fallen almost 40 points since July last year. Households are also more pessimistic about their own personal finances as they anticipate further price rises in the shops, as retailers pass on higher taxes. Helen Dickinson, chief executive of the British Retail Consortium, said: "Even Gen Z (18-27), the most upbeat generation on the economy and their own finances, saw a drop off in optimism. There was also a widening gender divide in confidence this month, with women more pessimistic than men about both the economy and their own finances by 13 and 17pts respectively. "With many businesses warning of the impact that April's employer NIC's increase will have on hiring, and the rising energy price cap pushing up the cost of domestic bills, it is little surprise that many households are worried. And while there was a positive increase in expectations of personal retail spending, this may be largely driven by the expectations of higher prices in the future." Stocks: Create your watchlist and portfolio London's benchmark index (^FTSE) was 0.3% lower in early trade. Germany's DAX (^GDAXI) rose 0.3% and the CAC (^FCHI) in Paris headed 0.5% into the green. The pan-European STOXX 600 (^STOXX) was up 0.1%. Wall Street is set for a negative start as S&P 500 futures (ES=F), Dow futures (YM=F) and Nasdaq futures (NQ=F) were all in the red. The pound was 0.2% up against the US dollar (GBPUSD=X) at 1.2610. Follow along for live updates throughout the day: Asian shares traded mostly lower after a quiet day on Wall Street, with the Nikkei (^N225) down 1.2% on the day in Japan, while the Hang Seng (^HSI) fell 1.6% in Hong Kong. The Shanghai Composite ( was flat end of the session after China left its benchmark interest rate unchanged, in a move it said was meant to maintain financial stability. Across the pond on Wall Street, the benchmark S&P 500 (^GSPC) rose 0.2% to 6,144.15, adding to its record high. The Dow Jones (^DJI) climbed 0.2% to 44,627.59 and the tech-heavy Nasdaq Composite (^IXIC) advanced 0.1% to 20,056.25. It came amid concerns about Donald Trump's tariff policies which continued to weigh on investors' minds. In the bond market, the yield on key 10-year US Treasury notes fell to 4.538% from 4.551pc late on Tuesday. Good morning, and welcome back to our markets live blog. As usual we will be taking a deep dive into what's moving markets and all that's happening across the global economy. Here's a quick look at what's on the agenda for today: 7am: Trading updates: Lloyds, Anglo American, Centrica, Mondi, Hays, Safestore 11am: CBI industrial trends report 1.30pm: US initial jobless claims data 3pm: Eurozone consumer confidence report for FebruaryAsian shares traded mostly lower after a quiet day on Wall Street, with the Nikkei (^N225) down 1.2% on the day in Japan, while the Hang Seng (^HSI) fell 1.6% in Hong Kong. The Shanghai Composite ( was flat end of the session after China left its benchmark interest rate unchanged, in a move it said was meant to maintain financial stability. Across the pond on Wall Street, the benchmark S&P 500 (^GSPC) rose 0.2% to 6,144.15, adding to its record high. The Dow Jones (^DJI) climbed 0.2% to 44,627.59 and the tech-heavy Nasdaq Composite (^IXIC) advanced 0.1% to 20,056.25. It came amid concerns about Donald Trump's tariff policies which continued to weigh on investors' minds. In the bond market, the yield on key 10-year US Treasury notes fell to 4.538% from 4.551pc late on Tuesday. Good morning, and welcome back to our markets live blog. As usual we will be taking a deep dive into what's moving markets and all that's happening across the global economy. Here's a quick look at what's on the agenda for today: 7am: Trading updates: Lloyds, Anglo American, Centrica, Mondi, Hays, Safestore 11am: CBI industrial trends report 1.30pm: US initial jobless claims data 3pm: Eurozone consumer confidence report for February Sign in to access your portfolio
