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How Rivian's IPO Drove EV Stocks Higher Thursday
The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal com
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Hong Kong Bourse Predicted To Open In The Green
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Keppel raises SPH bid to S$2.351 a share, cash component up by 20 cents; says price is final
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Huat Ah 👍","listText":"Sembcorp Marine rising tomorrow. Huat Ah 👍","text":"Sembcorp Marine rising tomorrow. Huat Ah 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690882333","isVote":1,"tweetType":1,"viewCount":1144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879386815,"gmtCreate":1636682383565,"gmtModify":1636683159832,"author":{"id":"3580799026700204","authorId":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580799026700204","authorIdStr":"3580799026700204"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879386815","repostId":"1182417400","repostType":4,"repost":{"id":"1182417400","kind":"news","pubTimestamp":1636678298,"share":"https://www.laohunote.com/m/news/1182417400?lang=&edition=full","pubTime":"2021-11-12 08:51","market":"us","language":"en","title":"How Rivian's IPO Drove EV Stocks Higher Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1182417400","media":"24/7 wall st","summary":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal com","content":"<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).</p>\n<p>Rivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John <a href=\"https://laohu8.com/S/MUR\">Murphy</a> and his team also raised their price objectives for <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a>. (NASDAQ: LCID) from $30 to $60 and for <a href=\"https://laohu8.com/S/FSR\">Fisker Inc.</a> (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.</p>\n<p>BofA also maintained its price objectives on two other EV makers. <a href=\"https://laohu8.com/S/GOEV\">Canoo Inc.</a> (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.</p>\n<p>One interesting note in BofA’s analysis is its summation of Tesla’s dominance:</p>\n<blockquote>\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n</blockquote>\n<p>Left unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:</p>\n<blockquote>\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n</blockquote>\n<p>The downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.</p>\n<p>Rivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.</p>\n<p>Electric van maker <a href=\"https://laohu8.com/S/ARVL\">Arrival</a> S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.</p>\n<p><a href=\"https://laohu8.com/S/WKHS\">Workhorse</a> Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.</p>\n<p><a href=\"https://laohu8.com/S/CAAS\">China</a>-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.</p>\n<p>Lucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.</p>\n<p>Canoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.</p>\n<p>Lordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.</p>\n<p>Tesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.</p>\n<p>Legacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. <a href=\"https://laohu8.com/S/GM\">General Motors</a> Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and <a href=\"https://laohu8.com/S/F\">Ford</a> Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.</p>","source":"lsy1636345238431","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Rivian's IPO Drove EV Stocks Higher Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Rivian's IPO Drove EV Stocks Higher Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 08:51 GMT+8 <a href=https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/><strong>24/7 wall st</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all ...</p>\n\n<a href=\"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc.","XPEV":"小鹏汽车","LCID":"Lucid Group Inc"},"source_url":"https://247wallst.com/autos/2021/11/11/how-rivians-ipo-drove-ev-stocks-higher-thursday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182417400","content_text":"The engines used in electric vehicles (EVs) typically include 20 or so moving parts. An internal combustion engine has nearly 2,000. Shortly before noon Thursday, shares of 15 EV makers were all moving higher, thanks to Wednesday’s mammoth IPO of Rivian Automotive Inc. (NASDAQ: RIVN).\nRivian, of course, was leading the pack, while the shares moving up the least were those of Tesla Inc. (NASDAQ: TSLA), the first and largest by far of EV makers. That’s after BofA Securities raised its price objective for Tesla from $1,000 to $1,200 on Wednesday. Analyst John Murphy and his team also raised their price objectives for Lucid Group Inc. (NASDAQ: LCID) from $30 to $60 and for Fisker Inc. (NYSE: FSR) from $18 to $24. The firm gave Tesla and Fisker a Neutral rating while awarding Lucid a Buy rating.\nBofA also maintained its price objectives on two other EV makers. Canoo Inc. (NASDAQ: GOEV) and Lordstown Motors Group Inc. (NASDAQ: RIDE) both carry a $5 price objective and Underperform ratings.\nOne interesting note in BofA’s analysis is its summation of Tesla’s dominance:\n\n It is debatable whether any of the start-up EV automakers will ultimately be dominant over the long run, especially in a very competitive industry where the traditional automakers are also ramping up EV efforts. However, if a large global footprint can be built with no-cost capital, the “growth” story will likely continue to carry the day for the stocks. In fact, on our revised price objectives, our analysis suggests that a 10% dilutive equity raise for TSLA could fund 40+ incremental plants and 10mm+ units of capacity, which would make TSLA effectively the largest global automaker, while a 10% dilutive equity raise for LCID could fund 3+ incremental plants and 750k+ incremental units of capacity, which would make LCID a relatively large global luxury automaker.\n\nLeft unsaid there is that Lucid is never likely to catch up to, let alone pull ahead of, Tesla. That message also applies to Rivian, according to Murphy’s team:\n\n As has proven [to be] the case for TSLA over the past decade plus, the higher the upward spiral of stocks for the EV OEMs, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price. The inverse of this dynamic is also true, and it is this self-fulfilling framework that has explained the extreme moves in TSLA stock in the past, and it is a helpful framework to think about how start-up EV automaker stocks may trade in the future.\n\nThe downside risks to the group chasing Tesla include drying up of low-cost capital, inability to convert orders into sales, and failure to ramp up production. Upside risks include customer enthusiasm for the vehicles, successful execution of business strategies and incremental government stimulus for EVs.\nRivian stock traded up 24% Thursday morning, to post a new high of $124.00. The low was set Wednesday at $95.20, well above the company’s IPO price of $78.\nElectric van maker Arrival S.A. (NASDAQ: ARVL) traded up more than 6% Thursday, at $14.27 in a 52-week range of $9.92 to $37.18.\nWorkhorse Group Inc. (NASDAQ: WKHS), another maker of delivery vans, traded up about 6.5% to $7.07, in a 52-week range of $6.02 to $42.96.\nChina-based Xpeng Inc. (NYSE: XPEV) traded up about 7% to $47.46, in a 52-week range of $22.73 to $74.49.\nLucid traded up more than 10%, at $44.98 in a 52-week range of $9.67 to $64.86.\nCanoo traded up about 5% to $8.50, in a 52-week range of $5.75 to $24.90.\nLordstown traded up about 14.5%, at $6.36 in a 52-week range of $4.64 to $31.57. Lordstown also closed the sale of its Ohio plant to Foxconn Wednesday, giving the shares an added boost.\nTesla traded up about by about 0.5% to $1,072.71, in a 52-week range of $301.66 to $1,243.49.\nLegacy automakers, virtually all of which have big plans for their own EV businesses with fewer moving parts, also traded higher Thursday morning. General Motors Co. (NYSE: GM) was up about 2.9%, at $60.96 in a 52-week range of $38.81 to $64.30, and Ford Motor Co. (NYSE: F) traded up about 1.2% to $19.60, in a 52-week range of $8.10 to $20.51.","news_type":1},"isVote":1,"tweetType":1,"viewCount":977,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879388306,"gmtCreate":1636682340246,"gmtModify":1636683154524,"author":{"id":"3580799026700204","authorId":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580799026700204","authorIdStr":"3580799026700204"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/8K7.SI\">$UG HEALTHCARE CORPORATION LTD(8K7.SI)$</a>UG Healthcare rising","listText":"<a href=\"https://laohu8.com/S/8K7.SI\">$UG HEALTHCARE CORPORATION LTD(8K7.SI)$</a>UG Healthcare rising","text":"$UG HEALTHCARE CORPORATION LTD(8K7.SI)$UG Healthcare rising","images":[{"img":"https://static.tigerbbs.com/ef4e0d6d05a0ab9480834684037b4f87","width":"1080","height":"3075"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879388306","isVote":1,"tweetType":1,"viewCount":946,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":879381693,"gmtCreate":1636682270279,"gmtModify":1636683153565,"author":{"id":"3580799026700204","authorId":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580799026700204","authorIdStr":"3580799026700204"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/879381693","repostId":"1107984726","repostType":4,"repost":{"id":"1107984726","kind":"news","pubTimestamp":1636680150,"share":"https://www.laohunote.com/m/news/1107984726?lang=&edition=full","pubTime":"2021-11-12 09:22","market":"hk","language":"en","title":"Hong Kong Bourse Predicted To Open In The Green","url":"https://stock-news.laohu8.com/highlight/detail?id=1107984726","media":"RTTNews","summary":"(RTTNews) - The Hong Kong stock market has climbed higher in three straight sessions, advancing more","content":"<p>(RTTNews) - The Hong Kong stock market has climbed higher in three straight sessions, advancing more than 480 points or 2 percent along the way. The Hang Seng Index now rests just beneath the 25,250-point plateau and it's expected to open higher again on Friday.</p>\n<p>The global forecast for the Asian markets suggests mild upside, with support from technology and oil stocks. The European markets were slightly higher and the U.S. bourses were mixed and the Asian markets figure to split the difference.</p>\n<p>The Hang Seng finished sharply higher on Thursday following gains from the financials, properties, casinos and technology companies.</p>\n<p>For the day, the index jumped 251.85 points or 1.01 percent to finish at 25,247.99 after trading between 24,836.21 and 25,324.66.</p>\n<p>Among the actives, AAC Technologies skyrocketed 5.97 percent, while AIA Group was up 0.48 percent, Alibaba Group advanced 1.24 percent, Alibaba Health Info increased 0.94 percent, ANTA Sports accelerated 2.50 percent, China Life Insurance jumped 2.06 percent, China Mengniu Dairy spiked 2.59 percent, China Petroleum and Chemical (Sinopec) improved 0.53 percent, China Resources Land surged 5.55 percent, CITIC rallied 2.35 percent, CNOOC sank 0.85 percent, Country Garden soared 5.01 percent, CSPC Pharmaceutical fell 0.24 percent, Galaxy Entertainment gained 1.14 percent, Hang Lung Properties lost 0.47 percent, Henderson Land added 1.19 percent, Hong Kong & China Gas shed 0.67 percent, Industrial and Commercial Bank of China collected 0.95 percent, Li Ning was up 0.42 percent, Longfor soared 5.06 percent, Meituan climbed 1.80 percent, New World Development gained 0.15 percent, Sands China perked 1.34 percent, Sun Hung Kai Properties rose 1.00 percent, Techtronic Industries tumbled 2.02 percent, Xiaomi Corporation strengthened 2.18 percent and WuXi Biologics gathered 1.63 percent.</p>\n<p>The lead from Wall Street is mixed as the NASDAQ and S&P 500 opened higher on Thursday and remained that way, while the Dow opened in the red and closed under pressure.</p>\n<p>The Dow dropped 158.71 points or 0.44 percent to finish at 35,921.23, while the NASDAQ advanced 81.58 points or 0.52 percent to close at 15,704.28 and the S&P 500 rose 2.56 points or 0.06 percent to end at 4,649.27.</p>\n<p>The rebound by the NASDAQ and S&P 500 came as some traders looked to pick up stocks at somewhat reduced levels after the drop on Tuesday and Wednesday dragged the major averages down well off Monday's record closing highs.</p>\n<p>A notable decline by shares of Disney (DIS) weighed on the Dow, with the entertainment giant slumping by 7.1 percent after its Q3 numbers missed estimates on both the top and bottom lines.</p>\n<p>But overall trading activity was subdued as some traders stuck to the sidelines amid the Veterans Day holiday. While the stock markets were open as usual on the day, banks, federal offices and the bonds markets all remained closed.</p>\n<p>Crude oil futures settled higher on as traders weighed global energy demand and supply prospects. West Texas Intermediate Crude oil futures for December ended up by $0.25 or 0.3 percent at $81.59 a barrel.</p>\n<p>Closer to home, Hong Kong will release final Q3 figures for gross domestic product later today. GDP is expected to rise 0.1 percent on quarter and 5.4 percent on year after slipping 0.9 percent on quarter and climbing 7.6 percent on year in the previous three months.</p>","source":"lsy1603171495471","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Bourse Predicted To Open In The Green</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Bourse Predicted To Open In The Green\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 09:22 GMT+8 <a href=https://www.nasdaq.com/articles/hong-kong-bourse-predicted-to-open-in-the-green><strong>RTTNews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(RTTNews) - The Hong Kong stock market has climbed higher in three straight sessions, advancing more than 480 points or 2 percent along the way. The Hang Seng Index now rests just beneath the 25,250-...</p>\n\n<a href=\"https://www.nasdaq.com/articles/hong-kong-bourse-predicted-to-open-in-the-green\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.nasdaq.com/articles/hong-kong-bourse-predicted-to-open-in-the-green","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107984726","content_text":"(RTTNews) - The Hong Kong stock market has climbed higher in three straight sessions, advancing more than 480 points or 2 percent along the way. The Hang Seng Index now rests just beneath the 25,250-point plateau and it's expected to open higher again on Friday.\nThe global forecast for the Asian markets suggests mild upside, with support from technology and oil stocks. The European markets were slightly higher and the U.S. bourses were mixed and the Asian markets figure to split the difference.\nThe Hang Seng finished sharply higher on Thursday following gains from the financials, properties, casinos and technology companies.\nFor the day, the index jumped 251.85 points or 1.01 percent to finish at 25,247.99 after trading between 24,836.21 and 25,324.66.\nAmong the actives, AAC Technologies skyrocketed 5.97 percent, while AIA Group was up 0.48 percent, Alibaba Group advanced 1.24 percent, Alibaba Health Info increased 0.94 percent, ANTA Sports accelerated 2.50 percent, China Life Insurance jumped 2.06 percent, China Mengniu Dairy spiked 2.59 percent, China Petroleum and Chemical (Sinopec) improved 0.53 percent, China Resources Land surged 5.55 percent, CITIC rallied 2.35 percent, CNOOC sank 0.85 percent, Country Garden soared 5.01 percent, CSPC Pharmaceutical fell 0.24 percent, Galaxy Entertainment gained 1.14 percent, Hang Lung Properties lost 0.47 percent, Henderson Land added 1.19 percent, Hong Kong & China Gas shed 0.67 percent, Industrial and Commercial Bank of China collected 0.95 percent, Li Ning was up 0.42 percent, Longfor soared 5.06 percent, Meituan climbed 1.80 percent, New World Development gained 0.15 percent, Sands China perked 1.34 percent, Sun Hung Kai Properties rose 1.00 percent, Techtronic Industries tumbled 2.02 percent, Xiaomi Corporation strengthened 2.18 percent and WuXi Biologics gathered 1.63 percent.\nThe lead from Wall Street is mixed as the NASDAQ and S&P 500 opened higher on Thursday and remained that way, while the Dow opened in the red and closed under pressure.\nThe Dow dropped 158.71 points or 0.44 percent to finish at 35,921.23, while the NASDAQ advanced 81.58 points or 0.52 percent to close at 15,704.28 and the S&P 500 rose 2.56 points or 0.06 percent to end at 4,649.27.\nThe rebound by the NASDAQ and S&P 500 came as some traders looked to pick up stocks at somewhat reduced levels after the drop on Tuesday and Wednesday dragged the major averages down well off Monday's record closing highs.\nA notable decline by shares of Disney (DIS) weighed on the Dow, with the entertainment giant slumping by 7.1 percent after its Q3 numbers missed estimates on both the top and bottom lines.\nBut overall trading activity was subdued as some traders stuck to the sidelines amid the Veterans Day holiday. While the stock markets were open as usual on the day, banks, federal offices and the bonds markets all remained closed.\nCrude oil futures settled higher on as traders weighed global energy demand and supply prospects. West Texas Intermediate Crude oil futures for December ended up by $0.25 or 0.3 percent at $81.59 a barrel.\nCloser to home, Hong Kong will release final Q3 figures for gross domestic product later today. GDP is expected to rise 0.1 percent on quarter and 5.4 percent on year after slipping 0.9 percent on quarter and climbing 7.6 percent on year in the previous three months.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":870882947,"gmtCreate":1636600475867,"gmtModify":1636600476023,"author":{"id":"3580799026700204","authorId":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580799026700204","authorIdStr":"3580799026700204"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>SIA RISING","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>SIA RISING","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$SIA RISING","images":[{"img":"https://static.tigerbbs.com/6ccb76a5676a7f4f48833030724a4127","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/870882947","isVote":1,"tweetType":1,"viewCount":828,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":870888745,"gmtCreate":1636600364523,"gmtModify":1636600364679,"author":{"id":"3580799026700204","authorId":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580799026700204","authorIdStr":"3580799026700204"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/Y35.SI\">$ANAN INTERNATIONAL LIMITED(Y35.SI)$</a>ANAN RISING","listText":"<a href=\"https://laohu8.com/S/Y35.SI\">$ANAN INTERNATIONAL LIMITED(Y35.SI)$</a>ANAN RISING","text":"$ANAN INTERNATIONAL LIMITED(Y35.SI)$ANAN RISING","images":[{"img":"https://static.tigerbbs.com/832f0594e868fc2bcda5cf4b1a354e1b","width":"1080","height":"3075"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/870888745","isVote":1,"tweetType":1,"viewCount":1397,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":847230489,"gmtCreate":1636521213999,"gmtModify":1636521576585,"author":{"id":"3580799026700204","authorId":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580799026700204","authorIdStr":"3580799026700204"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>SIA RISING","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>SIA RISING","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$SIA RISING","images":[{"img":"https://static.tigerbbs.com/45f5283d3afd2101f95b8a3377694313","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/847230489","isVote":1,"tweetType":1,"viewCount":1148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":847297297,"gmtCreate":1636521039306,"gmtModify":1636521039537,"author":{"id":"3580799026700204","authorId":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580799026700204","authorIdStr":"3580799026700204"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/847297297","repostId":"1102766884","repostType":4,"repost":{"id":"1102766884","kind":"news","pubTimestamp":1636515299,"share":"https://www.laohunote.com/m/news/1102766884?lang=&edition=full","pubTime":"2021-11-10 11:34","market":"us","language":"en","title":"Keppel raises SPH bid to S$2.351 a share, cash component up by 20 cents; says price is final","url":"https://stock-news.laohu8.com/highlight/detail?id=1102766884","media":"The bussiness Times","summary":"Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\"","content":"<p>Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\" final offer of S$2.351 per share, which includes additional cash of S$0.20 per share.</p>\n<p>This comes after Cuscaden Peak - a consortium backed by Hotel Properties (HPL), businessman Ong Beng Seng, and two Temasek-linked entities, CLA Real Estate Holdings and Mapletree - made a counter bid for SPH in late October at S$2.10 per share in cash; or slightly higher than Keppel's original offer of S$2.099 per share.</p>\n<p>In a release to the Singapore Exchange late Tuesday night, Keppel beefed up the cash component of the offer by S$0.20 per share to S$0.868 per share. SPH shareholders will still receive 0.596 Keppel Reit units (valued at S$0.685 as at Nov 9) and 0.782 SPH Reit units (valued S$0.798 as at Nov 9) per SPH share.</p>\n<p>The revised offer implies a total equity value for SPH of S$3.8 billion.</p>\n<p>\"The cumulative value of SPH Reit and Keppel Reit units offered has increased by S$0.052/share with improving market conditions,\" Keppel said in the release.</p>\n<p>Keppel's initial offer comprised cash of S$0.668 per share, 0.596 Keppel Reit units (valued at S$0.715) and 0.782 SPH Reit units (valued at S$0.716) per share.</p>\n<p>Based on the <a href=\"https://laohu8.com/S/SPHEF\">SPH REIT</a> and Keppel REIT traded prices since the initial offer, the final offer implies a range of S$2.201-S$2.355/share. SPH shareholders will be receiving Keppel REIT units at a 10 per cent discount to its net asset value, Keppel also highlighted.</p>\n<p>Meanwhile, SPH and Keppel have entered into a supplemental letter to amend the implementation agreement and revise the terms of the scheme of arrangement.</p>\n<p>In a separate release, SPH - which publishes The Business Times - noted that the revised offer represents an improvement of 12 per cent over Keppel's original offer, as well as that of Cuscaden Peak's.</p>\n<p>It is a 57 per cent premium to the undisturbed trading price on March 30 and a 9 per cent premium to the last trading price on Nov 9.</p>\n<p>SPH said: \"Following Cuscaden Peak's announcement on Oct 29, SPH notified Keppel of the proposal and gave Keppel an opportunity to improve their current proposal. Keppel's revised scheme consideration is the outcome of SPH's engagement with Keppel to improve their proposal.\"</p>\n<p>Keppel highlighted that the final offer is \"firm and irrevocable\" with regulatory approvals obtained from MAS and the Foreign Investment Review Board (FIRB) of Australia.</p>\n<p>The higher cash consideration is expected to increase Keppel's pro forma net gearing post-transaction by 0.03x, with pro forma net gearing expected to remain below 1x.</p>\n<p>Subject to the approvals of both Keppel's and SPH's shareholders at their respective extraordinary general meetings slated for around Dec 8, as well as the sanction of the scheme by Singapore's High Court and the completion of SPH's media restructuring exercise, SPH shareholders can expect to receive the final consideration by mid January 2022.</p>\n<p>Loh Chin Hua, chief executive of Keppel Corporation, said: \"Taking into account improving global economic conditions as well as growing synergies which we have identified between Keppel and SPH's portfolio, Keppel is offering SPH shareholders a higher and final consideration of S$2.351/ share.\"</p>\n<p>He added: \"Even with the additional cash consideration of S$0.200/share, we continue to see value in the SPH portfolio.\"</p>\n<p>Shares in Keppel shed three cents to close at S$5.31, while shares in SPH closed <a href=\"https://laohu8.com/S/AONE.U\">one</a> cent higher at S$2.16 on Tuesday.</p>","source":"lsy1636420184263","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Keppel raises SPH bid to S$2.351 a share, cash component up by 20 cents; says price is final</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel raises SPH bid to S$2.351 a share, cash component up by 20 cents; says price is final\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-10 11:34 GMT+8 <a href=https://www.businesstimes.com.sg/companies-markets/keppel-raises-sph-bid-to-s2351-a-share-cash-component-up-by-20-cents-says-price-is><strong>The bussiness Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\" final offer of S$2.351 per share, which includes additional cash of S$0.20 per share.\nThis comes ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/keppel-raises-sph-bid-to-s2351-a-share-cash-component-up-by-20-cents-says-price-is\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BN4.SI":"吉宝有限公司"},"source_url":"https://www.businesstimes.com.sg/companies-markets/keppel-raises-sph-bid-to-s2351-a-share-cash-component-up-by-20-cents-says-price-is","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102766884","content_text":"Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\" final offer of S$2.351 per share, which includes additional cash of S$0.20 per share.\nThis comes after Cuscaden Peak - a consortium backed by Hotel Properties (HPL), businessman Ong Beng Seng, and two Temasek-linked entities, CLA Real Estate Holdings and Mapletree - made a counter bid for SPH in late October at S$2.10 per share in cash; or slightly higher than Keppel's original offer of S$2.099 per share.\nIn a release to the Singapore Exchange late Tuesday night, Keppel beefed up the cash component of the offer by S$0.20 per share to S$0.868 per share. SPH shareholders will still receive 0.596 Keppel Reit units (valued at S$0.685 as at Nov 9) and 0.782 SPH Reit units (valued S$0.798 as at Nov 9) per SPH share.\nThe revised offer implies a total equity value for SPH of S$3.8 billion.\n\"The cumulative value of SPH Reit and Keppel Reit units offered has increased by S$0.052/share with improving market conditions,\" Keppel said in the release.\nKeppel's initial offer comprised cash of S$0.668 per share, 0.596 Keppel Reit units (valued at S$0.715) and 0.782 SPH Reit units (valued at S$0.716) per share.\nBased on the SPH REIT and Keppel REIT traded prices since the initial offer, the final offer implies a range of S$2.201-S$2.355/share. SPH shareholders will be receiving Keppel REIT units at a 10 per cent discount to its net asset value, Keppel also highlighted.\nMeanwhile, SPH and Keppel have entered into a supplemental letter to amend the implementation agreement and revise the terms of the scheme of arrangement.\nIn a separate release, SPH - which publishes The Business Times - noted that the revised offer represents an improvement of 12 per cent over Keppel's original offer, as well as that of Cuscaden Peak's.\nIt is a 57 per cent premium to the undisturbed trading price on March 30 and a 9 per cent premium to the last trading price on Nov 9.\nSPH said: \"Following Cuscaden Peak's announcement on Oct 29, SPH notified Keppel of the proposal and gave Keppel an opportunity to improve their current proposal. Keppel's revised scheme consideration is the outcome of SPH's engagement with Keppel to improve their proposal.\"\nKeppel highlighted that the final offer is \"firm and irrevocable\" with regulatory approvals obtained from MAS and the Foreign Investment Review Board (FIRB) of Australia.\nThe higher cash consideration is expected to increase Keppel's pro forma net gearing post-transaction by 0.03x, with pro forma net gearing expected to remain below 1x.\nSubject to the approvals of both Keppel's and SPH's shareholders at their respective extraordinary general meetings slated for around Dec 8, as well as the sanction of the scheme by Singapore's High Court and the completion of SPH's media restructuring exercise, SPH shareholders can expect to receive the final consideration by mid January 2022.\nLoh Chin Hua, chief executive of Keppel Corporation, said: \"Taking into account improving global economic conditions as well as growing synergies which we have identified between Keppel and SPH's portfolio, Keppel is offering SPH shareholders a higher and final consideration of S$2.351/ share.\"\nHe added: \"Even with the additional cash consideration of S$0.200/share, we continue to see value in the SPH portfolio.\"\nShares in Keppel shed three cents to close at S$5.31, while shares in SPH closed one cent higher at S$2.16 on Tuesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":964,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":844402250,"gmtCreate":1636448860665,"gmtModify":1636449054157,"author":{"id":"3580799026700204","authorId":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580799026700204","authorIdStr":"3580799026700204"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>SIA RISING","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>SIA RISING","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$SIA RISING","images":[{"img":"https://static.tigerbbs.com/10fd0fb22bcd3e874343628ffb16b63c","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/844402250","isVote":1,"tweetType":1,"viewCount":1203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":845484743,"gmtCreate":1636361482501,"gmtModify":1636361482790,"author":{"id":"3580799026700204","authorId":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580799026700204","authorIdStr":"3580799026700204"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/42Z.SI\">$EINDEC CORPORATION LIMITED(42Z.SI)$</a>Eindec rising","listText":"<a href=\"https://laohu8.com/S/42Z.SI\">$EINDEC CORPORATION LIMITED(42Z.SI)$</a>Eindec rising","text":"$EINDEC CORPORATION LIMITED(42Z.SI)$Eindec rising","images":[{"img":"https://static.tigerbbs.com/a40ce11ecea551ecde91a3ec5c4dc88f","width":"1080","height":"3075"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845484743","isVote":1,"tweetType":1,"viewCount":1018,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0}],"defaultTab":"followers","isTTM":false}