China and India will become asset management ‘powerhouses,’ top fund manager says

China and India are poised to become “real powerhouses” for the asset management industry, according to Standard Life Aberdeen Vice-Chairman Martin Gilbert. Speaking to CNBC at the first Financial Sector Conference in Riyadh, Saudi Arabia, Gilbert said Asia remained the key focus for asset management arm Aberdeen Standard Investments (ASI), based on the growth in retail investors and wealth in China and India. “It’s not really a retail market yet but when it is, China, India, these sort of place


China and India are poised to become “real powerhouses” for the asset management industry, according to Standard Life Aberdeen Vice-Chairman Martin Gilbert. Speaking to CNBC at the first Financial Sector Conference in Riyadh, Saudi Arabia, Gilbert said Asia remained the key focus for asset management arm Aberdeen Standard Investments (ASI), based on the growth in retail investors and wealth in China and India. “It’s not really a retail market yet but when it is, China, India, these sort of place
China and India will become asset management ‘powerhouses,’ top fund manager says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: elliot smith, jason alden, bloomberg via getty images
Keywords: news, cnbc, companies, china, powerhouses, manager, asset, retail, fund, real, management, standard, industry, india, gilbert


China and India will become asset management 'powerhouses,' top fund manager says

China and India are poised to become “real powerhouses” for the asset management industry, according to Standard Life Aberdeen Vice-Chairman Martin Gilbert.

Speaking to CNBC at the first Financial Sector Conference in Riyadh, Saudi Arabia, Gilbert said Asia remained the key focus for asset management arm Aberdeen Standard Investments (ASI), based on the growth in retail investors and wealth in China and India.

“It’s not really a retail market yet but when it is, China, India, these sort of places are going to be real powerhouses for the asset management industry,” Gilbert said.

ASI expanded its Asian investment team in November 2018, with four portfolio managers joining in Shanghai and Hong Kong to bolster its China fixed income and equities expertise.

Gilbert said China’s top-down economy and political structure meant that “you need to be close to the government in China and as far away from the government as possible in India.”


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: elliot smith, jason alden, bloomberg via getty images
Keywords: news, cnbc, companies, china, powerhouses, manager, asset, retail, fund, real, management, standard, industry, india, gilbert


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Cramer: Look to CSX earnings for your next stock play

CSX Transportation’s Tuesday earnings call gave some insight into what stocks could be worth playing, CNBC’s Jim Cramer said Wednesday. “You got an incredible snapshot of the economy from CSX, the best railroad around with a stock that caught fire today.” CSX was the first of the railroad stocks to report its most recent quarterly results, and its revenue break down gave a good look at the domestic economy, Cramer said. Caterpillar is a tough pick here because of its international exposure, but


CSX Transportation’s Tuesday earnings call gave some insight into what stocks could be worth playing, CNBC’s Jim Cramer said Wednesday. “You got an incredible snapshot of the economy from CSX, the best railroad around with a stock that caught fire today.” CSX was the first of the railroad stocks to report its most recent quarterly results, and its revenue break down gave a good look at the domestic economy, Cramer said. Caterpillar is a tough pick here because of its international exposure, but
Cramer: Look to CSX earnings for your next stock play Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: tyler clifford
Keywords: news, cnbc, companies, revenue, economy, look, earnings, business, stock, play, cramer, railroad, csx, management, waste, quarter


Cramer: Look to CSX earnings for your next stock play

CSX Transportation’s Tuesday earnings call gave some insight into what stocks could be worth playing, CNBC’s Jim Cramer said Wednesday.

“If you want to get an honest read on the economy, forget the government data from the Commerce Department,” the “Mad Money” host said. “You got an incredible snapshot of the economy from CSX, the best railroad around with a stock that caught fire today.”

The stock rose 4% during the trading day. The major U.S. indexes all dipped.

CSX was the first of the railroad stocks to report its most recent quarterly results, and its revenue break down gave a good look at the domestic economy, Cramer said.

“I was amazed at how strong their business is … Sure, CSX is an east-southeast railroad for the most part and its business doesn’t of course stretch overseas,” he said. “But that’s why it’s such a terrific tell for what’s happening in the U.S. economy, and it’s also fabulous source of inspiration if you’re on the hunt for new stock picks.”

Chemicals: CSX said chemical shipments improved 5% in the quarter. Cramer suggested Dow Chemical, which recently completed its spin off from DowDuPont, contributed to that growth. Dow has a 4.79% yield and a number of chemical plants in CSX territory, he said.

Automotive: CSX saw revenue from automotive companies increase 2%, bolstered in particular by SUV and truck deliveries. Cramer said both General Motors and Ford Motor come to mind, but the latter is a better play because it has more SUV and truck exposure within its ranks.

“Ford sells for just 8-times earnings. Stock yields more than 6%,” Cramer said. ” The company has streamlined [and] cut costs mercilessly. I know this is a gutsy call … I think you should buy Ford Motor at $9.50.”

Agribusiness: Revenue from the agriculture and food sector rose 12% in the quarter, powered by grain and ethanol, CSX said. Cramer suggested buying DowDuPont based on those results.

“DowDuPont, the one that spun-off Dow, is the way to play it, with its massive crop protection business, genetically modified seed business,” he said. “Plus, DowDuPont’s already preannounced a weak quarter so it’s appropriately de-risked.”

Forest products: CSX saw business in this sector grow 11% in the quarter, especially in building products and strong export demand, Cramer noted. The homebuilder giant Lennar would be a good buy based on that news.

Minerals: Revenue from minerals businesses, particularly in construction and paving, increased 8% in CSX’s most recent quarter. Caterpillar is a tough pick here because of its international exposure, but Waste Management makes for a reliable choice, Cramer said. Waste Management made a move to acquire a competitor, Advanced Disposal, for $3 billion this week.

“Jim Fish, the CEO of Waste Management … often commented that his best source of revenue is construction,” Cramer said. “Business is good, getting better. That’s the one to buy.”

“I’m doing real shorthand here, I’m just trying to give you a snapshot of the kind of thinking I do,” he said. “But it’s the craft that I’ve practiced it for 40 years. There are plenty of ways to skin the cat, this one works for me.”

Disclosure: Cramer’s charitable trust owns shares of DowDuPont.


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: tyler clifford
Keywords: news, cnbc, companies, revenue, economy, look, earnings, business, stock, play, cramer, railroad, csx, management, waste, quarter


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Activist investor Praesidium takes 5% stake in education software company Instructure

Activist investor Praesidium Investment Management said Tuesday that it’s taken a new stake in cloud-based education software company Instructure. Oram detailed the investment from 13D Monitor’s 2019 Active-Passive Investor Summit in New York. Praesidium owned about 5%, or 1.8 million shares, of Instructure as of April 15, according to the government filing. According to the company’s website, Canvas is used by more than 3,000 universities, school districts and institutions around the world. Act


Activist investor Praesidium Investment Management said Tuesday that it’s taken a new stake in cloud-based education software company Instructure. Oram detailed the investment from 13D Monitor’s 2019 Active-Passive Investor Summit in New York. Praesidium owned about 5%, or 1.8 million shares, of Instructure as of April 15, according to the government filing. According to the company’s website, Canvas is used by more than 3,000 universities, school districts and institutions around the world. Act
Activist investor Praesidium takes 5% stake in education software company Instructure Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: thomas franck, source
Keywords: news, cnbc, companies, activist, management, praesidium, software, shares, companys, education, investment, investor, canvas, company, instructure, oram, stake, changes, universities, takes


Activist investor Praesidium takes 5% stake in education software company Instructure

Activist investor Praesidium Investment Management said Tuesday that it’s taken a new stake in cloud-based education software company Instructure.

Praesidium manager Kevin Oram, who filed a 13D with the Securities and Exchange Commission on Monday, said that despite the company’s big investments in new business, its stock looks cheap. Oram detailed the investment from 13D Monitor’s 2019 Active-Passive Investor Summit in New York.

Praesidium owned about 5%, or 1.8 million shares, of Instructure as of April 15, according to the government filing. Shares were up 6.3% Tuesday afternoon.

Instructure is best known for its Canvas platform, which offers schools and universities a system through which professors and administrators can store student records, input grades and schedule courses. According to the company’s website, Canvas is used by more than 3,000 universities, school districts and institutions around the world.

Activist investors often build positions in what they view as undervalued companies with the goal of advocating for key changes, though Oram added that Praesidium typically lobbies for changes in private discussions with management.


Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: thomas franck, source
Keywords: news, cnbc, companies, activist, management, praesidium, software, shares, companys, education, investment, investor, canvas, company, instructure, oram, stake, changes, universities, takes


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HSMS :: Highway Safety Management System :: ระบบบริหารจัดการความปลอดภัยทางถนน


HSMS :: Highway Safety Management System :: ระบบบริหารจัดการความปลอดภัยทางถนน Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16
Keywords: news, cnbc, companies, system, highway, safety, management, hsms



Company: cnbc, Activity: cnbc, Date: 2019-04-16
Keywords: news, cnbc, companies, system, highway, safety, management, hsms


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Waste Management to buy Advanced Disposal for about $3 billion in cash

Waste Management said on Monday it would buy smaller rival Advanced Disposal Services for about $3 billion, as the top waste management services provider looks to expand its footprint in the eastern United States. The offer of $33.15 represents a premium of about 22 percent to Advanced Disposal’s closing price of $27.14 on Friday and would be Waste Management’s biggest acquisition in more than nine years. Houston-based Waste Management provides waste management environmental services, and owned


Waste Management said on Monday it would buy smaller rival Advanced Disposal Services for about $3 billion, as the top waste management services provider looks to expand its footprint in the eastern United States. The offer of $33.15 represents a premium of about 22 percent to Advanced Disposal’s closing price of $27.14 on Friday and would be Waste Management’s biggest acquisition in more than nine years. Houston-based Waste Management provides waste management environmental services, and owned
Waste Management to buy Advanced Disposal for about $3 billion in cash Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: saul loeb, afp, getty images
Keywords: news, cnbc, companies, provides, waste, buy, expected, solid, management, disposal, advanced, united, billion, services, landfills, states, cash


Waste Management to buy Advanced Disposal for about $3 billion in cash

Waste Management said on Monday it would buy smaller rival Advanced Disposal Services for about $3 billion, as the top waste management services provider looks to expand its footprint in the eastern United States.

The offer of $33.15 represents a premium of about 22 percent to Advanced Disposal’s closing price of $27.14 on Friday and would be Waste Management’s biggest acquisition in more than nine years.

The acquisition is expected to generate more than $100 million in savings and capital expenditures annually after close, which is expected by the first quarter of 2020.

Houston-based Waste Management provides waste management environmental services, and owned or operated 247 solid waste landfills and five secure hazardous waste landfills as of December 2018.

Advanced Disposal, based in Ponte Vedra, Florida, is the fourth-largest solid waste company in the United States and provides non-hazardous solid waste collection, transfer, recycling and disposal services in 16 states and the Bahamas.

Advanced Disposal had a net debt of about $1.9 billion, Waste Management said.

The Wall Street Journal was the first to report that the companies were in deal talks.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: saul loeb, afp, getty images
Keywords: news, cnbc, companies, provides, waste, buy, expected, solid, management, disposal, advanced, united, billion, services, landfills, states, cash


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Stocks making the biggest moves midday: Spotify, Lyft, Waste Management & more

Check out the companies making headlines midday Monday:Citigroup — The bank’s stock fell 1% after reporting mixed quarterly results. Goldman Sachs — Shares of Goldman Sachs slid about 3% after the investment bank posted weaker-than-expected first-quarter revenue. The bank said Monday that revenue dropped 13% to $8.81 billion, below analyst’s $8.9 billion estimate. Waste Management — Shares of Waste Management rose 1.6% after the company announced plans to buy smaller rival Advanced Disposal Serv


Check out the companies making headlines midday Monday:Citigroup — The bank’s stock fell 1% after reporting mixed quarterly results. Goldman Sachs — Shares of Goldman Sachs slid about 3% after the investment bank posted weaker-than-expected first-quarter revenue. The bank said Monday that revenue dropped 13% to $8.81 billion, below analyst’s $8.9 billion estimate. Waste Management — Shares of Waste Management rose 1.6% after the company announced plans to buy smaller rival Advanced Disposal Serv
Stocks making the biggest moves midday: Spotify, Lyft, Waste Management & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: fred imbert, getty images
Keywords: news, cnbc, companies, spotify, moves, biggest, company, billion, lyft, dropped, management, waste, service, midday, sachs, stocks, shares, stock, revenue, making, fell


Stocks making the biggest moves midday: Spotify, Lyft, Waste Management & more

Check out the companies making headlines midday Monday:

Citigroup — The bank’s stock fell 1% after reporting mixed quarterly results. Citigroup’s earnings per share topped analyst expectations as the company repurchased more than $4 billion in stock. However, revenue fell amid a drag in equity-market trading.

Goldman Sachs — Shares of Goldman Sachs slid about 3% after the investment bank posted weaker-than-expected first-quarter revenue. The bank said Monday that revenue dropped 13% to $8.81 billion, below analyst’s $8.9 billion estimate. Sales of its institutional client services trading division, the bank’s biggest business, fell 18% year over year.

Levi Strauss — The jeans maker’s stock rose 1.4% after analysts at J.P. Morgan initiated it with an overweight and set a $26 year-end price target. “We view the combination of a strong tenured management team led by CEO C. Bergh and brand heritage … as a competitive advantage in expanding to a global lifestyle brand,” J. P. Morgan said in a statement.

Nokia — Nokia dropped nearly 5% after Goldman Sachs downgraded the stock to sell from neutral, citing increasing competition from companies like Samsung and Ericsson. Goldman’s estimates show Ericsson holds 29% of the global wireless networking market, Nokia and Huawei each hold 23%, while Samsung only holds 5% of the market.

Waste Management — Shares of Waste Management rose 1.6% after the company announced plans to buy smaller rival Advanced Disposal Services for about $3 billion. The top waste management service company would pay $33.15 per share in cash for Advanced Disposal, in a move to expand its footprint in the eastern United States.

Insys Therapeutics — Shares of the pharmaceutical company dropped nearly 10% after announcing CEO Saeed Motahari will leave his post. Andrew Long will be the new CEO. Motahari’s departure follows the end of closing arguments in the criminal trial of executive John Kapoor. Prosecutors say Kapoor, along with four co-defendants, bribed doctors.

Spotify Technology — Spotify dropped more than 5% after reports said Amazon is in talks to launch a free music streaming service. Billboard, citing sources familiar with the matter, reported the ecommerce giant would make the service available as soon as next week through its Echo speakers. Amazon’s move would put pressure on music-streaming giant Spotify, which has a freebie option that lets users listen to select albums.

Gogo — Shares of the in-flight internet service company soared over 13% after releasing preliminary first-quarter earnings and announcing a $900 secured notes offering. The company cited better-than-expected commercial aviation service revenue and low operating costs behind its financial gains.

Lyft — Shares of Lyft plunged 6.34% after the ride sharing company announced it will recall thousands of electric bikes in its bike-share programs in New York, Washington and San Francisco because of a braking problem. This came after riders reported “stronger than expected braking force on the front wheel.”

—CNBC’s Yun Li, Nadine El-Bawab and Jessica Bursztynsky contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: fred imbert, getty images
Keywords: news, cnbc, companies, spotify, moves, biggest, company, billion, lyft, dropped, management, waste, service, midday, sachs, stocks, shares, stock, revenue, making, fell


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HSMS :: Highway Safety Management System :: ระบบบริหารจัดการความปลอดภัยทางถนน


HSMS :: Highway Safety Management System :: ระบบบริหารจัดการความปลอดภัยทางถนน Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-12
Keywords: news, cnbc, companies, system, safety, highway, management, hsms



Company: cnbc, Activity: cnbc, Date: 2019-04-12
Keywords: news, cnbc, companies, system, safety, highway, management, hsms


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HSMS :: Highway Safety Management System :: ระบบบริหารจัดการความปลอดภัยทางถนน


HSMS :: Highway Safety Management System :: ระบบบริหารจัดการความปลอดภัยทางถนน Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-12
Keywords: news, cnbc, companies, hsms, highway, safety, system, management



Company: cnbc, Activity: cnbc, Date: 2019-04-12
Keywords: news, cnbc, companies, hsms, highway, safety, system, management


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HSMS :: Highway Safety Management System :: ระบบบริหารจัดการความปลอดภัยทางถนน


HSMS :: Highway Safety Management System :: ระบบบริหารจัดการความปลอดภัยทางถนน Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-09
Keywords: news, cnbc, companies, highway, system, management, hsms, safety



Company: cnbc, Activity: cnbc, Date: 2019-04-09
Keywords: news, cnbc, companies, highway, system, management, hsms, safety


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Several private firms still interested in buying Nielsen as sale process drags on

Nielsen, the media research firm famous for its TV ratings, is still contemplating an outright sale, fueled by continued private equity interest, according to people familiar with the matter. Advent and Goldman have consistently shown interest and recently attended Nielsen management presentation, although it’s unclear if the consortium will be willing to pay enough to get a deal done, two of the people said. A sale isn’t imminent, and while Nielsen is a willing seller, a deal for the company ha


Nielsen, the media research firm famous for its TV ratings, is still contemplating an outright sale, fueled by continued private equity interest, according to people familiar with the matter. Advent and Goldman have consistently shown interest and recently attended Nielsen management presentation, although it’s unclear if the consortium will be willing to pay enough to get a deal done, two of the people said. A sale isn’t imminent, and while Nielsen is a willing seller, a deal for the company ha
Several private firms still interested in buying Nielsen as sale process drags on Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: alex sherman, michael short, bloomberg via getty images
Keywords: news, cnbc, companies, nielsen, sale, company, revenue, drags, buying, interest, firms, interested, review, segment, familiar, process, management, private


Several private firms still interested in buying Nielsen as sale process drags on

Nielsen, the media research firm famous for its TV ratings, is still contemplating an outright sale, fueled by continued private equity interest, according to people familiar with the matter.

Advent International is working with Goldman Sachs Group on a bid, as well as Apollo Global Management, said the people, who asked not to be named because the discussions are private. Advent and Goldman have consistently shown interest and recently attended Nielsen management presentation, although it’s unclear if the consortium will be willing to pay enough to get a deal done, two of the people said.

A sale isn’t imminent, and while Nielsen is a willing seller, a deal for the company has always been challenging because of the company’s size. Nielsen has a market capitalization of $9.3 billion and has an additional $8.4 billion in total debt. An acquisition of the entire company would be one of the largest private takeovers in years and well above the typical size of an acquisition for Advent, in particular. Final bids aren’t due for several weeks, two of the people said.

Spokespeople for Advent and Nielsen declined to comment. A spokesman for Apollo couldn’t immediately be reached for comment.

Activist hedge fund Elliott Management, which has an 8.4 percent in the company, has pushed Nielsen to find a buyer. Nielsen said in September that it was working with investment banks JPMorgan Chase and Guggenheim Securities, as well as law firm Wachtell, Lipton, Rosen & Katz, on an “expanded” review of strategic alternatives, including a sale of the company.

Nielsen began holding management presentations for potential buyers in January after naming David Kenny as its new CEO, people familiar with the matter told CNBC in December. While both Blackstone Group and Bain Capital had met with the company and considered an acquisition, neither is still involved in the process, said people familiar with the matter.

“The Nielsen Board of Directors continues to move ahead with its strategic review, which includes a broad range of options, including continuing to operate as a public, independent company; a separation of either Nielsen’s Media or Connect segment; or a sale of the company,” Nielsen said in a statement. “There can be no assurance that this review will result in a specific transaction or other alternative. The company will provide updates on the review when it determines that further disclosure is appropriate or required.”

Kenny joined Nielsen after serving as the head of IBM’s Watson AI platform and portfolio business. He was also formerly chairman and CEO of the Weather Company, a portion of which he sold to IBM. His hiring piqued the interest of several private equity firms because of his background with leverage buyouts, according to two people familiar with the matter. Kenny spent a decade at Bain from 1987 to 1997.

Nielsen shares have slumped in recent years as revenue growth has stalled. 2018 revenue fell about 1% from 2017. The company’s “Watch” segment, which includes TV ratings, has been more successful than its “Buy” segment, which provides marketing information about what people buy on a global basis. While Watch revenue in the fourth quarter of 2018 decreased 3.5% to $881 million, Buy sales declined 8.4% to $777 million, which Nielsen blamed on decreased spending and demand from large multinational corporations.


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: alex sherman, michael short, bloomberg via getty images
Keywords: news, cnbc, companies, nielsen, sale, company, revenue, drags, buying, interest, firms, interested, review, segment, familiar, process, management, private


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