Japan and Chinese stocks subdued; investors await Beijing-Shanghai High Speed Railway IPO

The Nikkei 225 ticked down 0.17% while the broader Topix lost 0.42% by mid-day. Shimamura tumbled 7.1% after the clothing retailer cut its profit estimates for the year to February by about 25%, citing weak sales. Sugi Holdings lost 6.7% after earnings the drugstore chain operator’s quarterly earnings fell short of strong market expectations. Japan Post Insurance dropped 2.1% and its parent Japan Post Holdings ticked down 0.3% amid media report that the CEO of Japan Post Holdings and two top exe


The Nikkei 225 ticked down 0.17% while the broader Topix lost 0.42% by mid-day.
Shimamura tumbled 7.1% after the clothing retailer cut its profit estimates for the year to February by about 25%, citing weak sales.
Sugi Holdings lost 6.7% after earnings the drugstore chain operator’s quarterly earnings fell short of strong market expectations.
Japan Post Insurance dropped 2.1% and its parent Japan Post Holdings ticked down 0.3% amid media report that the CEO of Japan Post Holdings and two top exe
Japan and Chinese stocks subdued; investors await Beijing-Shanghai High Speed Railway IPO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-25
Keywords: news, cnbc, companies, investors, beijingshanghai, insurance, stocks, high, railway, ipo, week, shares, nikkei, subdued, speed, chinese, ticked, trade, post, lost, holdings, japan


Japan and Chinese stocks subdued; investors await Beijing-Shanghai High Speed Railway IPO

Japan’s Nikkei share average dipped in holiday-thinned trade on Wednesday while Nissan dropped after a top executive tasked with leading a recovery at the troubled automaker decided to resign just weeks into his new job.

The Nikkei 225 ticked down 0.17% while the broader Topix lost 0.42% by mid-day.

Many Asia markets were closed on Christmas, including South Korea, Australia and Hong Kong.

While the Nikkei was not far from a 14-month high of 24,091 hit last week, its rally on the back of optimism on the global economic outlook and U.S.-China trade negotiations has petered out with many players away for holidays.

Given the dearth of big macroeconomic events, traders focused on some shares that had some news.

Nissan Motor fell 2.2% to its lowest in nearly four months after Jun Seki, its vice chief operating officer and a former contender for CEO, said he was leaving the firm to become the president of Nidec Corp.

His decision is seen as a potential blow to the automaker’s push to turn the corner on a scandal involving ousted former Chairman Carlos Ghosn and slumping sales.

Nissan shares marked the biggest drop among the 225 constituents of the Nikkei average. Nidec shares were down 0.1%.

Shimamura tumbled 7.1% after the clothing retailer cut its profit estimates for the year to February by about 25%, citing weak sales.

Sugi Holdings lost 6.7% after earnings the drugstore chain operator’s quarterly earnings fell short of strong market expectations.

Japan Post Insurance dropped 2.1% and its parent Japan Post Holdings ticked down 0.3% amid media report that the CEO of Japan Post Holdings and two top executives at Japan Post Insurance will resign this week over the improper sales of insurance policies.

Japan Post Insurance has been marred by the scandal for months and its shares have lost almost 30% of their value so far this year, compared to 19% gains in the Nikkei.


Company: cnbc, Activity: cnbc, Date: 2019-12-25
Keywords: news, cnbc, companies, investors, beijingshanghai, insurance, stocks, high, railway, ipo, week, shares, nikkei, subdued, speed, chinese, ticked, trade, post, lost, holdings, japan


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Japan and Chinese stocks subdued; investors await Beijing-Shanghai High Speed Railway IPO

The Nikkei 225 ticked down 0.17% while the broader Topix lost 0.42% by mid-day. Shimamura tumbled 7.1% after the clothing retailer cut its profit estimates for the year to February by about 25%, citing weak sales. Sugi Holdings lost 6.7% after earnings the drugstore chain operator’s quarterly earnings fell short of strong market expectations. Japan Post Insurance dropped 2.1% and its parent Japan Post Holdings ticked down 0.3% amid media report that the CEO of Japan Post Holdings and two top exe


The Nikkei 225 ticked down 0.17% while the broader Topix lost 0.42% by mid-day.
Shimamura tumbled 7.1% after the clothing retailer cut its profit estimates for the year to February by about 25%, citing weak sales.
Sugi Holdings lost 6.7% after earnings the drugstore chain operator’s quarterly earnings fell short of strong market expectations.
Japan Post Insurance dropped 2.1% and its parent Japan Post Holdings ticked down 0.3% amid media report that the CEO of Japan Post Holdings and two top exe
Japan and Chinese stocks subdued; investors await Beijing-Shanghai High Speed Railway IPO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-25
Keywords: news, cnbc, companies, high, japan, ipo, post, holdings, nikkei, stocks, shares, chinese, subdued, lost, trade, railway, week, beijingshanghai, insurance, investors, speed, ticked


Japan and Chinese stocks subdued; investors await Beijing-Shanghai High Speed Railway IPO

Japan’s Nikkei share average dipped in holiday-thinned trade on Wednesday while Nissan dropped after a top executive tasked with leading a recovery at the troubled automaker decided to resign just weeks into his new job.

The Nikkei 225 ticked down 0.17% while the broader Topix lost 0.42% by mid-day.

Many Asia markets were closed on Christmas, including South Korea, Australia and Hong Kong.

While the Nikkei was not far from a 14-month high of 24,091 hit last week, its rally on the back of optimism on the global economic outlook and U.S.-China trade negotiations has petered out with many players away for holidays.

Given the dearth of big macroeconomic events, traders focused on some shares that had some news.

Nissan Motor fell 2.2% to its lowest in nearly four months after Jun Seki, its vice chief operating officer and a former contender for CEO, said he was leaving the firm to become the president of Nidec Corp.

His decision is seen as a potential blow to the automaker’s push to turn the corner on a scandal involving ousted former Chairman Carlos Ghosn and slumping sales.

Nissan shares marked the biggest drop among the 225 constituents of the Nikkei average. Nidec shares were down 0.1%.

Shimamura tumbled 7.1% after the clothing retailer cut its profit estimates for the year to February by about 25%, citing weak sales.

Sugi Holdings lost 6.7% after earnings the drugstore chain operator’s quarterly earnings fell short of strong market expectations.

Japan Post Insurance dropped 2.1% and its parent Japan Post Holdings ticked down 0.3% amid media report that the CEO of Japan Post Holdings and two top executives at Japan Post Insurance will resign this week over the improper sales of insurance policies.

Japan Post Insurance has been marred by the scandal for months and its shares have lost almost 30% of their value so far this year, compared to 19% gains in the Nikkei.


Company: cnbc, Activity: cnbc, Date: 2019-12-25
Keywords: news, cnbc, companies, high, japan, ipo, post, holdings, nikkei, stocks, shares, chinese, subdued, lost, trade, railway, week, beijingshanghai, insurance, investors, speed, ticked


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Macao’s gaming revenue could grow to $100 billion: Ossolinski Holdings

Macao’s gaming revenue could grow to $100 billion: Ossolinski HoldingsMatthew Ossolinski of Ossolinski Holdings says Macao’s gaming market could “easily top” $100 billion in the next decade, up from around $37 billion now. He also says his top Macao picks include Wynn Macau traded in Hong Kong and Melco traded in the U.S.


Macao’s gaming revenue could grow to $100 billion: Ossolinski HoldingsMatthew Ossolinski of Ossolinski Holdings says Macao’s gaming market could “easily top” $100 billion in the next decade, up from around $37 billion now.
He also says his top Macao picks include Wynn Macau traded in Hong Kong and Melco traded in the U.S.
Macao’s gaming revenue could grow to $100 billion: Ossolinski Holdings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-20
Keywords: news, cnbc, companies, 100, revenue, billion, picks, melco, ossolinski, macaos, traded, grow, wynn, holdings, gaming


Macao's gaming revenue could grow to $100 billion: Ossolinski Holdings

Macao’s gaming revenue could grow to $100 billion: Ossolinski Holdings

Matthew Ossolinski of Ossolinski Holdings says Macao’s gaming market could “easily top” $100 billion in the next decade, up from around $37 billion now. He also says his top Macao picks include Wynn Macau traded in Hong Kong and Melco traded in the U.S.


Company: cnbc, Activity: cnbc, Date: 2019-12-20
Keywords: news, cnbc, companies, 100, revenue, billion, picks, melco, ossolinski, macaos, traded, grow, wynn, holdings, gaming


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Altimeter Capital’s Brad Gerstner on Facebook’s future in two years

Altimeter Capital’s Brad Gerstner on Facebook’s future in two yearsBrad Gerstner, Altimeter Capital, and CNBC’s Deirdre Bosa join ‘The Fast Money Halftime Report’ in San Francisco to discuss Gerstner’s Facebook holdings.


Altimeter Capital’s Brad Gerstner on Facebook’s future in two yearsBrad Gerstner, Altimeter Capital, and CNBC’s Deirdre Bosa join ‘The Fast Money Halftime Report’ in San Francisco to discuss Gerstner’s Facebook holdings.
Altimeter Capital’s Brad Gerstner on Facebook’s future in two years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-09
Keywords: news, cnbc, companies, capitals, report, facebooks, gerstners, gerstner, halftime, money, yearsbrad, san, brad, future, holdings, altimeter, join


Altimeter Capital's Brad Gerstner on Facebook's future in two years

Altimeter Capital’s Brad Gerstner on Facebook’s future in two years

Brad Gerstner, Altimeter Capital, and CNBC’s Deirdre Bosa join ‘The Fast Money Halftime Report’ in San Francisco to discuss Gerstner’s Facebook holdings.


Company: cnbc, Activity: cnbc, Date: 2019-12-09
Keywords: news, cnbc, companies, capitals, report, facebooks, gerstners, gerstner, halftime, money, yearsbrad, san, brad, future, holdings, altimeter, join


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Altimeter Capital’s Brad Gerstner on Facebook’s future in two years

Altimeter Capital’s Brad Gerstner on Facebook’s future in two yearsBrad Gerstner, Altimeter Capital, and CNBC’s Deirdre Bosa join ‘The Fast Money Halftime Report’ in San Francisco to discuss Gerstner’s Facebook holdings.


Altimeter Capital’s Brad Gerstner on Facebook’s future in two yearsBrad Gerstner, Altimeter Capital, and CNBC’s Deirdre Bosa join ‘The Fast Money Halftime Report’ in San Francisco to discuss Gerstner’s Facebook holdings.
Altimeter Capital’s Brad Gerstner on Facebook’s future in two years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-09
Keywords: news, cnbc, companies, future, holdings, altimeter, gerstner, san, report, yearsbrad, gerstners, brad, facebooks, halftime, money, join, capitals


Altimeter Capital's Brad Gerstner on Facebook's future in two years

Altimeter Capital’s Brad Gerstner on Facebook’s future in two years

Brad Gerstner, Altimeter Capital, and CNBC’s Deirdre Bosa join ‘The Fast Money Halftime Report’ in San Francisco to discuss Gerstner’s Facebook holdings.


Company: cnbc, Activity: cnbc, Date: 2019-12-09
Keywords: news, cnbc, companies, future, holdings, altimeter, gerstner, san, report, yearsbrad, gerstners, brad, facebooks, halftime, money, join, capitals


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Phoenix to buy Swiss Re’s ReAssure unit for $4.1 billion

Phoenix Group Holdings Plc said on Friday it would buy the British insurance unit of Swiss Re AG in a cash-and-shares deal worth 3.2 billion pounds ($4.1 billion). Phoenix Group, Europe’s largest owner of life assurance funds closed to new customers, said the acquisition of ReAssure is expected to bring in additional cash flows of about 7 billion pounds over time. Swiss Re said it would get a cash payment of 1.2 billion pounds and a stake in Phoenix of 13% to 17%. ReAssure’s minority shareholder


Phoenix Group Holdings Plc said on Friday it would buy the British insurance unit of Swiss Re AG in a cash-and-shares deal worth 3.2 billion pounds ($4.1 billion).
Phoenix Group, Europe’s largest owner of life assurance funds closed to new customers, said the acquisition of ReAssure is expected to bring in additional cash flows of about 7 billion pounds over time.
Swiss Re said it would get a cash payment of 1.2 billion pounds and a stake in Phoenix of 13% to 17%.
ReAssure’s minority shareholder
Phoenix to buy Swiss Re’s ReAssure unit for $4.1 billion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06
Keywords: news, cnbc, companies, insurance, swiss, group, buy, pounds, worth, stake, unit, billion, holdings, res, reassure, phoenix, cash


Phoenix to buy Swiss Re's ReAssure unit for $4.1 billion

Phoenix Group Holdings Plc said on Friday it would buy the British insurance unit of Swiss Re AG in a cash-and-shares deal worth 3.2 billion pounds ($4.1 billion).

Phoenix Group, Europe’s largest owner of life assurance funds closed to new customers, said the acquisition of ReAssure is expected to bring in additional cash flows of about 7 billion pounds over time.

Swiss Re said it would get a cash payment of 1.2 billion pounds and a stake in Phoenix of 13% to 17%. ReAssure’s minority shareholder, MS&AD Insurance Group Holdings Inc, will receive shares in Phoenix representing an 11% to 15% stake.


Company: cnbc, Activity: cnbc, Date: 2019-12-06
Keywords: news, cnbc, companies, insurance, swiss, group, buy, pounds, worth, stake, unit, billion, holdings, res, reassure, phoenix, cash


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Obscure ‘marble bubble’ stock which became the best performer on the globe just crashed 98%

Chinese deities statue ready for export to China are waiting in Sagyin (“marble”) village located near the white marble Sagyin quarries. White marble is extracted from Sagyin quarries for centuries. The best-performing stock in the world just lost nearly all its value in the blink of an eye. ArtGo Holdings, a Chinese marble miner, saw its stock crash 98% in Hong Kong trading overnight after MSCI decided not to add it to its foray of indexes. The WSJ noted that there was no upitck in demand for m


Chinese deities statue ready for export to China are waiting in Sagyin (“marble”) village located near the white marble Sagyin quarries.
White marble is extracted from Sagyin quarries for centuries.
The best-performing stock in the world just lost nearly all its value in the blink of an eye.
ArtGo Holdings, a Chinese marble miner, saw its stock crash 98% in Hong Kong trading overnight after MSCI decided not to add it to its foray of indexes.
The WSJ noted that there was no upitck in demand for m
Obscure ‘marble bubble’ stock which became the best performer on the globe just crashed 98% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-21  Authors: fred imbert
Keywords: news, cnbc, companies, bubble, marble, performer, white, sagyin, trading, stock, chinese, quarries, obscure, holdings, crashed, best, indexes, market, globe


Obscure 'marble bubble' stock which became the best performer on the globe just crashed 98%

Chinese deities statue ready for export to China are waiting in Sagyin (“marble”) village located near the white marble Sagyin quarries. White marble is extracted from Sagyin quarries for centuries.

The best-performing stock in the world just lost nearly all its value in the blink of an eye.

ArtGo Holdings, a Chinese marble miner, saw its stock crash 98% in Hong Kong trading overnight after MSCI decided not to add it to its foray of indexes. That plunge wiped out more than $5 billion in market cap for the company.

Prior to their collapse, the shares had skyrocketed 3,800% for the year, making it the world’s best performer with more than $1 billion in market cap.

MSCI’s decision to keep ArtGo out of its indexes came a day after The Wall Street Journal — which called it a “mysterious marble bubble” — pointed out the disparity between the company’s fundamentals and its stock price. The WSJ noted that there was no upitck in demand for marble stones this year even as the stock soared.

In other words, this looks to be pure speculative trading banking on validation from MSCI.

ArtGo’s price-to-sales ratio, a valuation metric used by investors, had risen to 73 before plummeting to 1.51 on Thursday, FactSet data shows. ArtGo’s overall sales have also plummeted more than 56% on a year-over-year basis. Yet, the stock surged ever higher.

MSCI did not immediately respond to a request for comment. ArtGo Holdings could not be reached.

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Company: cnbc, Activity: cnbc, Date: 2019-11-21  Authors: fred imbert
Keywords: news, cnbc, companies, bubble, marble, performer, white, sagyin, trading, stock, chinese, quarries, obscure, holdings, crashed, best, indexes, market, globe


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SoftBank’s Yahoo Japan confirms merger talks with messaging app Line; stock skyrockets 16%

Yahoo Japan, which last month changed its name to Z Holdings, said on Thursday discussions were underway with Line but nothing had been decided. SoftBank, which owns almost half of Z Holdings, also acknowledged the talks. Shares in Z Holdings, which had a stock market value of about $17 billion at Wednesday’s close, jumped 16% in Thursday trading. SoftBank’s PayPay recently hit 19 million users through aggressive marketing, while Line Pay can tap the 82 million Japanese users of the Line app. Z


Yahoo Japan, which last month changed its name to Z Holdings, said on Thursday discussions were underway with Line but nothing had been decided.
SoftBank, which owns almost half of Z Holdings, also acknowledged the talks.
Shares in Z Holdings, which had a stock market value of about $17 billion at Wednesday’s close, jumped 16% in Thursday trading.
SoftBank’s PayPay recently hit 19 million users through aggressive marketing, while Line Pay can tap the 82 million Japanese users of the Line app.
Z
SoftBank’s Yahoo Japan confirms merger talks with messaging app Line; stock skyrockets 16% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-14
Keywords: news, cnbc, companies, confirms, softbanks, holdings, skyrockets, messaging, softbank, tech, parent, stock, app, value, users, merger, japan, line, talks, billion, deal


SoftBank's Yahoo Japan confirms merger talks with messaging app Line; stock skyrockets 16%

The Line logo is displayed on a smartphone in this arranged photograph on July 11, 2016 in Tokyo, Japan.

SoftBank’s Yahoo Japan, one of Japan’s top internet firms, confirmed it is in talks to merge with Line, a $27 billion union that would bring the messaging app operator under the SoftBank umbrella in a major tech shake-up.

Yahoo Japan, which last month changed its name to Z Holdings, said on Thursday discussions were underway with Line but nothing had been decided. SoftBank, which owns almost half of Z Holdings, also acknowledged the talks.

Shares in Z Holdings, which had a stock market value of about $17 billion at Wednesday’s close, jumped 16% in Thursday trading.

Shares in Line, which is valued at about $10 billion, were untraded with a glut of buy orders.

Sources told Reuters the previous day a deal was likely by month-end and could see SoftBank and Line’s parent Naver form a 50/50 venture that would control Z Holdings, which would in turn operate Line and Yahoo.

Line said in a statement it was true it is considering ways to improve its corporate value but nothing had been decided.

A deal would bring together the operators of two of Japan’s biggest QR code payment apps as the country belatedly shifts to cashless payments. SoftBank’s PayPay recently hit 19 million users through aggressive marketing, while Line Pay can tap the 82 million Japanese users of the Line app.

Line, which last year sold a majority stake in its mobile unit to SoftBank, has reported three consecutive quarters of operating losses as the company tries to jump-start growth.

Z Holdings made a move in September to take control of fashion e-tailer Zozo in a $3.7 billion deal, as it bulks up against rivals such as Amazon.com.

Deal making by SoftBank, controlled by tech conglomerate SoftBank Group, comes despite the weak performance of the technology bets of its parent, which recorded an $8.9 billion operating loss in the second quarter.

The group’s first quarterly loss in 14 years followed a collapse in the value of its investment in office-sharing firm WeWork as investors have turned skeptical about the path to profitability at cash-burning startups.


Company: cnbc, Activity: cnbc, Date: 2019-11-14
Keywords: news, cnbc, companies, confirms, softbanks, holdings, skyrockets, messaging, softbank, tech, parent, stock, app, value, users, merger, japan, line, talks, billion, deal


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Here are the biggest analyst calls of the day: Delta, Booking Holdings, Six Flags & more

Bank of America downgraded the operator of several travel sites and said it saw Asia as a “potentially” bigger headwind among other things. “We are downgrading BKNG for 4 reasons: 1) negative signals headed into 4Q on macro conditions from travel industry (supported by the BofAML Lodging team’s Macro Activity Tracker), and Asia a potentially bigger headwind in 4Q, 2) competition likely accelerating in ’20 amid Airbnb’s planned listing & Ctrip’s Asia initiatives, and Booking may need incremental


Bank of America downgraded the operator of several travel sites and said it saw Asia as a “potentially” bigger headwind among other things.
“We are downgrading BKNG for 4 reasons: 1) negative signals headed into 4Q on macro conditions from travel industry (supported by the BofAML Lodging team’s Macro Activity Tracker), and Asia a potentially bigger headwind in 4Q, 2) competition likely accelerating in ’20 amid Airbnb’s planned listing & Ctrip’s Asia initiatives, and Booking may need incremental
Here are the biggest analyst calls of the day: Delta, Booking Holdings, Six Flags & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-01  Authors: michael bloom
Keywords: news, cnbc, companies, headwind, booking, tracker, flags, biggest, asia, macro, bigger, day, potentially, analyst, holdings, calls, delta, travel


Here are the biggest analyst calls of the day: Delta, Booking Holdings, Six Flags & more

Bank of America downgraded the operator of several travel sites and said it saw Asia as a “potentially” bigger headwind among other things.

“We are downgrading BKNG for 4 reasons: 1) negative signals headed into 4Q on macro conditions from travel industry (supported by the BofAML Lodging team’s Macro Activity Tracker), and Asia a potentially bigger headwind in 4Q, 2) competition likely accelerating in ’20 amid Airbnb’s planned listing & Ctrip’s Asia initiatives, and Booking may need incremental investment, 3) street booking/room night estimates in ’20 assume modest acceleration vs 3 years of deceleration, and 4) the stock is now within 6% of our $2,160 PO.”


Company: cnbc, Activity: cnbc, Date: 2019-11-01  Authors: michael bloom
Keywords: news, cnbc, companies, headwind, booking, tracker, flags, biggest, asia, macro, bigger, day, potentially, analyst, holdings, calls, delta, travel


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Here are the biggest analyst calls of the day: Delta, Booking Holdings, Six Flags & more

Bank of America downgraded the operator of several travel sites and said it saw Asia as a “potentially” bigger headwind among other things. “We are downgrading BKNG for 4 reasons: 1) negative signals headed into 4Q on macro conditions from travel industry (supported by the BofAML Lodging team’s Macro Activity Tracker), and Asia a potentially bigger headwind in 4Q, 2) competition likely accelerating in ’20 amid Airbnb’s planned listing & Ctrip’s Asia initiatives, and Booking may need incremental


Bank of America downgraded the operator of several travel sites and said it saw Asia as a “potentially” bigger headwind among other things.
“We are downgrading BKNG for 4 reasons: 1) negative signals headed into 4Q on macro conditions from travel industry (supported by the BofAML Lodging team’s Macro Activity Tracker), and Asia a potentially bigger headwind in 4Q, 2) competition likely accelerating in ’20 amid Airbnb’s planned listing & Ctrip’s Asia initiatives, and Booking may need incremental
Here are the biggest analyst calls of the day: Delta, Booking Holdings, Six Flags & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-01  Authors: michael bloom
Keywords: news, cnbc, companies, headwind, booking, tracker, flags, biggest, asia, macro, bigger, day, potentially, analyst, holdings, calls, delta, travel


Here are the biggest analyst calls of the day: Delta, Booking Holdings, Six Flags & more

Bank of America downgraded the operator of several travel sites and said it saw Asia as a “potentially” bigger headwind among other things.

“We are downgrading BKNG for 4 reasons: 1) negative signals headed into 4Q on macro conditions from travel industry (supported by the BofAML Lodging team’s Macro Activity Tracker), and Asia a potentially bigger headwind in 4Q, 2) competition likely accelerating in ’20 amid Airbnb’s planned listing & Ctrip’s Asia initiatives, and Booking may need incremental investment, 3) street booking/room night estimates in ’20 assume modest acceleration vs 3 years of deceleration, and 4) the stock is now within 6% of our $2,160 PO.”


Company: cnbc, Activity: cnbc, Date: 2019-11-01  Authors: michael bloom
Keywords: news, cnbc, companies, headwind, booking, tracker, flags, biggest, asia, macro, bigger, day, potentially, analyst, holdings, calls, delta, travel


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