A Hong Kong nursing home has spent HK$112.8 million (US$14.4 million) to buy the building it leases, underscoring the growing role of end users in large commercial property deals as uncertainty over future rents keeps many investors on the sidelines. Evergreen Nursing House (No 2) Limited – the registered license holder and operating organisation for Evergreen Nursing House No 8 – has purchased th...
A Hong Kong nursing home has spent HK$112.8 million (US$14.4 million) to buy the building it leases, underscoring the growing role of end users in large commercial property deals as uncertainty over future rents keeps many investors on the sidelines. Evergreen Nursing House (No 2) Limited – the registered license holder and operating organisation for Evergreen Nursing House No 8 – has purchased the Kowloon property it has occupied for years on January 22, according to Land Registry records. The transaction highlights how occupiers with stable cash flows are committing capital even as commercial property values remain under pressure. Advertisement The seller, Well Crown Properties, bought the Ma Tau Wai Road site in 2010 for about HK$115 million, meaning the asset changed hands at a discount of roughly 2 per cent after more than a decade of ownership. The property comprises the ground-floor shop and the first to third floors of Fu Hang Court at 104-112 Ma Tau Wai Road, along with an entrance hall, internal staircases, lift access and plant rooms. Advertisement Certain areas – including the lift machine room and a separate ground-floor shop now operating as a money exchange – are excluded from the lease. Evergreen leased most of the building under a 10-year tenancy running from May 2017 to May 2027. Its Evergreen Nursing House No 8 at the site is a private facility enrolled in the government’s bought-place scheme, offering 56 subsidised beds and 58 non-subsidised beds.
da-kuk/iStock via Getty Images The risk that matters most is the risk of permanent loss [of capital]. - Howard Marks The many varieties of risk "Risk" is a funny word. In the context of investing, it is used constantly; however, if you ask somebody to define what he or she really means, you are likely to be met with plenty of hesitation. "Risk" is one of those words we all use every day without gi...
da-kuk/iStock via Getty Images The risk that matters most is the risk of permanent loss [of capital]. - Howard Marks The many varieties of risk "Risk" is a funny word. In the context of investing, it is used constantly; however, if you ask somebody to define what he or she really means, you are likely to be met with plenty of hesitation. "Risk" is one of those words we all use every day without giving too much thought to what it actually means. When I think about risk, though, one definition towers over and above all the other ones. To me, when investing, "risk" is mostly, but not exclusively, about the risk of permanently losing your capital. Whichever of those silos above you think offer the best description of risk, in almost all cases, the risk of a permanent loss of capital hovers above it. In the following, I will talk about how the risk of that can be minimised. How to measure risk When professional investors manage risk, two measures of risk tend to dominate: (equity) beta; and value at risk (VaR). Allow me to spend a minute on how to define the two terms. Equity beta is a measure of the sensitivity of a stock (or portfolio) relative to movements in the equity market. If you assume the equity market is represented by S&P 500, an equity beta of 1 suggests the stock in question will move in line with S&P 500, whereas an equity beta suggests the stock in question is more (less) volatile than S&P 500. The beta can be measured against other benchmarks as well – doesn't have to be against the equity market. If, for example, you wish to measure the sensitivity to commodity prices, you calculate the commodity beta, etc, etc. VaR is a bit more complicated. It is a measure of the maximum expected loss over a given time horizon and at a pre-defined confidence level (typically 97.5% or 99%) assuming normal market conditions . The latter is a very important assumption. The primary problem with both of those measures is that they are akin to rear-mirror viewing. One canno...
The penalty if you're late is a whopper. If you're not familiar with required minimum distributions (RMDs) and their rules, it could cost you a lot. It's smart to get savvy about RMDs, even if your retirement is years away. Here's a brief introduction to RMDs and some thoughts on when you might want to take your first one. It's worth reading, even if you're not turning 73 this year. Required minim...
The penalty if you're late is a whopper. If you're not familiar with required minimum distributions (RMDs) and their rules, it could cost you a lot. It's smart to get savvy about RMDs, even if your retirement is years away. Here's a brief introduction to RMDs and some thoughts on when you might want to take your first one. It's worth reading, even if you're not turning 73 this year. Required minimum distribution basics Most of us would do well to make the most of tax-advantaged retirement accounts -- such as individual retirement accounts (IRAs) and 401(k)s -- as we save and invest for retirement. But with certain such accounts, you'll be expected -- nay, required -- to take required minimum distributions. RMDs are required to be taken annually from accounts such as traditional IRAs, SEP IRAs, and SIMPLE IRAs once you reach the age of 73. (Roth accounts don't feature RMDs for the original owners of the accounts.) When you take your RMD, that income will count as taxable income -- so plan for it when you're developing your retirement plan. Important: When to take your first RMD If you're turning 73 in 2026 or soon after, take note: You have until April 1 of the year after you turn 73 to take your first RMD. After that, though, the deadlines fall on Dec. 31. Your second RMD will be due on Dec. 31 of the year in which you turn 74. Here, then, are three key options, assuming you're turning 73 in 2026: You could take your first RMD in 2026 and your second in 2027. You could take your first RMD by April 1, 2027 and your second by Dec. 31, 2027. You could take them in chunks. The annual RMD doesn't need to be taken all at once. The total required amount simply needs to be withdrawn by the deadline. What to do If you take your first RMD in 2026 and the next in 2027, you'll be spreading that income across two tax years. If you take them both in 2027, your taxable income will increase more that year -- which could potentially move you into a higher tax bracket. In that scenar...
Orsted A/S has agreed to sell its European onshore business to Danish investor Copenhagen Infrastructure Partners for €1.4 billion ($1.65 billion). The portfolio has more than 800 megawatts in operation and under construction and has a development pipeline across Ireland, the UK, Germany and Spain, according to a statement Tuesday. The Danish renewable developer put its European onshore wind busin...
Orsted A/S has agreed to sell its European onshore business to Danish investor Copenhagen Infrastructure Partners for €1.4 billion ($1.65 billion). The portfolio has more than 800 megawatts in operation and under construction and has a development pipeline across Ireland, the UK, Germany and Spain, according to a statement Tuesday. The Danish renewable developer put its European onshore wind business up for sale earlier this year as part of a broader effort to repair its balance sheet — including via a massive capital increase — after facing a string of setbacks in the once-promising US offshore wind market.
For profitable companies that have built up substantial net assets, the P/B ratio is a useful cross check because it compares what the market is paying for each dollar of accounting equity. It is one way to see how far the share price sits above the company’s recorded net asset base. Our Discounted Cash Flow (DCF) analysis suggests Palantir Technologies may be overvalued by 55.4%. Discover 875 und...
For profitable companies that have built up substantial net assets, the P/B ratio is a useful cross check because it compares what the market is paying for each dollar of accounting equity. It is one way to see how far the share price sits above the company’s recorded net asset base. Our Discounted Cash Flow (DCF) analysis suggests Palantir Technologies may be overvalued by 55.4%. Discover 875 undervalued stocks or create your own screener to find better value opportunities. Based on these projected cash flows, the DCF model arrives at an estimated intrinsic value of about $95.06 per share. Compared with the current share price of around $147.76, this implies the stock is about 55.4% overvalued according to this single method. For Palantir Technologies, the model used is a 2 Stage Free Cash Flow to Equity approach. The company’s latest twelve month free cash flow is about $1.79b. Analyst and extrapolated projections used in the model include free cash flow of $2.76b in 2026 and $10.36b in 2030, with additional estimates extending out to 2035. Simply Wall St notes that analysts typically provide up to 5 years of estimates and the later years are extrapolated from those inputs. A Discounted Cash Flow, or DCF, model estimates what a company might be worth by projecting its future cash flows and then discounting those back to today to reflect risk and the time value of money. Palantir Technologies scores just 0/6 on our valuation checks. See what other red flags we found in the full valuation breakdown . Despite that backdrop, Palantir currently records a valuation score of 0 out of 6 on Simply Wall St. Next, we will compare what traditional valuation methods say about the stock and finish by looking at a broader way to think about value that goes beyond any single model. Recent headlines have focused on Palantir's role in software for government and commercial customers, along with ongoing debate about how its data analytics products fit into long term demand trends. T...
China, the world’s largest consumer of industrial metals, is looking to expand its copper inventories to secure supply after the strategic metal surged to record highs. The country will explore ways to work with key state-owned smelters to boost commercial inventories, Duan Shaofu, deputy secretary general of the China Nonferrous Metals Industry Association, said at a press conference on Tuesday. ...
China, the world’s largest consumer of industrial metals, is looking to expand its copper inventories to secure supply after the strategic metal surged to record highs. The country will explore ways to work with key state-owned smelters to boost commercial inventories, Duan Shaofu, deputy secretary general of the China Nonferrous Metals Industry Association, said at a press conference on Tuesday. China already maintains strategic stockpiles of commodities such as copper, oil and cobalt to support industrial activity and protect the economy from supply disruptions. It taps those reserves to stabilize commodity prices and ease raw material cost pressures on companies. The latest steps come against a backdrop of heightened market volatility, with investors piling into metals amid doubts over the US dollar and a shift away from currencies and sovereign bonds, fueling sharp rallies across the commodities sector last month. Copper surged more than 40% in 2025 and is up about 8% so far this year. The recent weakening of the dollar lent a tailwind to copper and other commodities priced in the currency as investors also piled into the so-called debasement trade, where they avoided traditional financial assets. Read More: China’s Metals Mania Sends Copper Soaring Past $14,500 a Ton China is also assessing the possibility of adding copper concentrate into its reserves, Shanghai Securities News reported separately, citing comments from Duan at the briefing.
For profitable companies that have built up substantial net assets, the P/B ratio is a useful cross check because it compares what the market is paying for each dollar of accounting equity. It is one way to see how far the share price sits above the company’s recorded net asset base. Our Discounted Cash Flow (DCF) analysis suggests Palantir Technologies may be overvalued by 55.4%. Discover 875 und...
For profitable companies that have built up substantial net assets, the P/B ratio is a useful cross check because it compares what the market is paying for each dollar of accounting equity. It is one way to see how far the share price sits above the company’s recorded net asset base. Our Discounted Cash Flow (DCF) analysis suggests Palantir Technologies may be overvalued by 55.4%. Discover 875 undervalued stocks or create your own screener to find better value opportunities. Based on these projected cash flows, the DCF model arrives at an estimated intrinsic value of about $95.06 per share. Compared with the current share price of around $147.76, this implies the stock is about 55.4% overvalued according to this single method. For Palantir Technologies, the model used is a 2 Stage Free Cash Flow to Equity approach. The company’s latest twelve month free cash flow is about $1.79b. Analyst and extrapolated projections used in the model include free cash flow of $2.76b in 2026 and $10.36b in 2030, with additional estimates extending out to 2035. Simply Wall St notes that analysts typically provide up to 5 years of estimates and the later years are extrapolated from those inputs. A Discounted Cash Flow, or DCF, model estimates what a company might be worth by projecting its future cash flows and then discounting those back to today to reflect risk and the time value of money. Palantir Technologies scores just 0/6 on our valuation checks. See what other red flags we found in the full valuation breakdown . Despite that backdrop, Palantir currently records a valuation score of 0 out of 6 on Simply Wall St. Next, we will compare what traditional valuation methods say about the stock and finish by looking at a broader way to think about value that goes beyond any single model. Recent headlines have focused on Palantir's role in software for government and commercial customers, along with ongoing debate about how its data analytics products fit into long term demand trends. T...
For profitable companies that have built up substantial net assets, the P/B ratio is a useful cross check because it compares what the market is paying for each dollar of accounting equity. It is one way to see how far the share price sits above the company’s recorded net asset base. Our Discounted Cash Flow (DCF) analysis suggests Palantir Technologies may be overvalued by 55.4%. Discover 875 und...
For profitable companies that have built up substantial net assets, the P/B ratio is a useful cross check because it compares what the market is paying for each dollar of accounting equity. It is one way to see how far the share price sits above the company’s recorded net asset base. Our Discounted Cash Flow (DCF) analysis suggests Palantir Technologies may be overvalued by 55.4%. Discover 875 undervalued stocks or create your own screener to find better value opportunities. Based on these projected cash flows, the DCF model arrives at an estimated intrinsic value of about $95.06 per share. Compared with the current share price of around $147.76, this implies the stock is about 55.4% overvalued according to this single method. For Palantir Technologies, the model used is a 2 Stage Free Cash Flow to Equity approach. The company’s latest twelve month free cash flow is about $1.79b. Analyst and extrapolated projections used in the model include free cash flow of $2.76b in 2026 and $10.36b in 2030, with additional estimates extending out to 2035. Simply Wall St notes that analysts typically provide up to 5 years of estimates and the later years are extrapolated from those inputs. A Discounted Cash Flow, or DCF, model estimates what a company might be worth by projecting its future cash flows and then discounting those back to today to reflect risk and the time value of money. Palantir Technologies scores just 0/6 on our valuation checks. See what other red flags we found in the full valuation breakdown . Despite that backdrop, Palantir currently records a valuation score of 0 out of 6 on Simply Wall St. Next, we will compare what traditional valuation methods say about the stock and finish by looking at a broader way to think about value that goes beyond any single model. Recent headlines have focused on Palantir's role in software for government and commercial customers, along with ongoing debate about how its data analytics products fit into long term demand trends. T...