Estimate
Brokers’ take: Maybank raises Sea’s target price to US$110 on higher earnings estimate
MAYBANK Securities has raised its target price for the Internet company Sea by 15 per cent to US$110, from US$96 previously, while reiterating its “buy” call on the counter. The...
Xiaomi Q2 revenue beats estimate, reveals auto unit sales
CHINA’S Xiaomi Corp on Wednesday (Aug 21) reported higher-than-expected revenue for the second quarter, revealing for the first time its auto business unit’s contribution of 6.2 billion yuan (S$1.1...
Lululemon beats quarterly revenue estimate, announces more share buyback
LULULEMON Athletica beat Wall Street expectations for first-quarter revenue on Wednesday (Jun 5), as strong international business helped buffer a slowdown in consumer discretionary spending in its key North...
United Nations halves estimate of women and children killed in Gaza
Breadcrumb Trail LinksWorldNewsIsrael & Middle EastWithout any announcement, the United Nations (UN) significantly lowers its previously stated casualty list in the Gaza StripPublished May 12, 2024 • 4 minute...
Panasonic’s battery unit misses annual profit estimate
THE energy unit of Japan’s Panasonic Holdings missed its operating profit guidance for the past business year due to lower electric-vehicle battery production in Japan and a fall in...
SAP cloud revenue meets estimate as AI adoption fuels demand
SAP reported first-quarter cloud revenue in line with analysts, as a boom in demand for artificial intelligence (AI) fuelled the German software company’s growth.Adjusted cloud revenue in the quarter...
Reliance misses profit estimate on petrochemicals drag
RELIANCE Industries, led by billionaire Mukesh Ambani, posted a lower-than-expected quarterly profit as the petrochemicals business continued to be a drag despite a steady growth in its consumer businesses...
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