shaunl/E+ via Getty Images Wallenius Wilhelmsen ASA ( WAWIF ) had a year marred by issues around general trade flows, as we discussed in our previous coverage . There are some bright spots as we look towards 2026, and it's consistent with the improved EBITDA outlook for 2026 compared to the annualised figures from Q4. Rates started to improve after Q4 despite considerable vessel deliveries. They w...
shaunl/E+ via Getty Images Wallenius Wilhelmsen ASA ( WAWIF ) had a year marred by issues around general trade flows, as we discussed in our previous coverage . There are some bright spots as we look towards 2026, and it's consistent with the improved EBITDA outlook for 2026 compared to the annualised figures from Q4. Rates started to improve after Q4 despite considerable vessel deliveries. They will lap issues from the government shutdown in the US in 2026. Mercosur-EU trade deal could also improve flows and backhauling irregularities in the EU-Asia route. Directionally, 2026 could be a lot better. An important factor will be a permanent suspension of the port fees between the US and China, which was a risk factor that weighed on the stock until the fee truce in November 2025. Another year of decent EBITDA on a low-multiple shipping stock is a good thing for the stock. It's cheaper than Höegh Autoliners ASA ( HOEGF ), too, on an EV/EBITDA forward basis ( 3.7x against 4.64x) . Results Rates (Q4 Press) The rates started to improve after the close of Q4. But otherwise lower rates weighed on the overall results. This was despite volume growth, particularly in the Asia-EU routes. Deep-sea volumes (Q4 Press) This reflected in the overall negative EBITDA performance QoQ and YoY for Q4. Segment EBITDA (Q4 Press) A couple of standout mentions in terms of segment performance were the really weak showing from the government services segment. Other than rate hits, shipping services saw their margins hit by a skew of trade towards volumes coming out of Europe (the backhaul), where rates are generally less. This reduced margin on the EU-Asia route, which should otherwise be a profit driver, was unique to the quarter. In general, there is more coming out of Asia, not Europe. This was directly related to staffing issues under the US government shutdown, which simply resulted in no calls coming in for WW services in that period. This is normalising, and there is nothing impaired ab...
National Stock Exchange of India Ltd. has hired Rothschild & Co. as an independent adviser to oversee its initial public offering. Rothschild will lead the process to select lead bankers, legal counsels and other intermediaries, NSE said in response to Bloomberg queries. The move signals renewed momentum in what could be one of the country’s biggest listings. After being stalled for several years ...
National Stock Exchange of India Ltd. has hired Rothschild & Co. as an independent adviser to oversee its initial public offering. Rothschild will lead the process to select lead bankers, legal counsels and other intermediaries, NSE said in response to Bloomberg queries. The move signals renewed momentum in what could be one of the country’s biggest listings. After being stalled for several years due to regulatory and legal hurdles, NSE’s board last week approved the IPO proposal. NSE is the world’s busiest derivatives bourse. The planned offering is fully an offer for sale, with existing shareholders likely to divest 4% to 4.5% of the company’s equity, Bloomberg reported earlier. The IPO could raise about $2.5 billion based on the current trading price on the unlisted market. Temasek, LIC Are Said to Plan Share Sales in NSE’s India IPO NSE Volumes Prop Up IPO Valuation Against Tax Effect: ECM Watch
honglouwawa The Dow Jones' ( DJI ) historic break above 50,000 has spilled beyond Wall Street and into Washington’s political crossfire. The blue-chip index first closed above the milestone on Feb. 6 at 50,115.67, capping a 1,207-point rally as investors cheered a broader market rebound. The gauge held above the threshold through the week, touching an intraday high near 50,500 on Feb. 11 before en...
honglouwawa The Dow Jones' ( DJI ) historic break above 50,000 has spilled beyond Wall Street and into Washington’s political crossfire. The blue-chip index first closed above the milestone on Feb. 6 at 50,115.67, capping a 1,207-point rally as investors cheered a broader market rebound. The gauge held above the threshold through the week, touching an intraday high near 50,500 on Feb. 11 before ending around 50,121. The advance has left the Dow up more than 4% year to date, underscoring buoyant investor sentiment even as traders remain alert to potential volatility. The milestone quickly became a cultural talking point online, with social media users jokingly invoking “Dow 50,000” as a tongue-in-cheek explanation for everyday mishaps, reflecting a sense of market euphoria. On Capitol Hill, the rally surfaced in a more contentious setting. During sworn testimony before the House Judiciary Committee, Attorney General Pam Bondi referenced the Dow’s record level while responding to criticism from Representative Jerrold Nadler, a New York Democrat, over the Department of Justice’s handling of potential co-conspirators linked to convicted sex offender Jeffrey Epstein. “The Dow is over 50,000 right now,” Bondi said, drawing objections from Democrats who questioned the relevance of equity market performance to the issue at hand. Dow ETFs: ( DIA ), ( DDM ), ( UDOW ), ( DOG ), ( DXD ), and ( SDOW ). More on Dow Jones Industrial Average Index Dow Jones And U.S. Index Outlook: Hawkish NFP Sends Stocks Lower 3 Warning Signs The Stock Market Is Overdue For A Sharp Correction Rates May Be Too Low After A Strong January Jobs Report U.S. stocks end in the red as nonfarm payrolls shock wanes Top 3 things to look out for on Wednesday
Alysta/iStock via Getty Images Netgear ( NTGR ) is a global leader in networking technologies with products that provide connectivity across consumers and enterprises. Some of its products include high-performance WiFi 7 routers, mesh, and ProAV switches. I covered the stock before in 2019 , where I assigned the stock a buy rating when it was trading around $33, citing a potential undervaluation. ...
Alysta/iStock via Getty Images Netgear ( NTGR ) is a global leader in networking technologies with products that provide connectivity across consumers and enterprises. Some of its products include high-performance WiFi 7 routers, mesh, and ProAV switches. I covered the stock before in 2019 , where I assigned the stock a buy rating when it was trading around $33, citing a potential undervaluation. My bullish call was proven wrong, however, since the stock had never traded higher throughout the year and the following, until it reached a 5-year high of $43 per share in 2021. The momentum over the past year and YTD appears to be negative. Currently, NTGR is trading around $21 per share, down -13.5% YTD, and down around -31% from a 1-year standpoint. I assign a neutral rating for the stock. My price target of $22.35 projects about 8.5% upside at year’s end. While the demand for its flagship products in the enterprise segments may continue to drive growth, moderate risks could hinder rating upgrades, probably upon further positive updates in Q1 2026. Financial Reviews As of its latest Q4 earnings release, I believe NTGR’s fundamentals saw some improvements. In Q4, for instance, despite the flat quarterly revenue growth, NTGR ended the FY with the first annual growth since 2020. SA In Q4, NTGR saw a revenue of $182.5 million, while FY revenue stood at $699.6 million, about 4% YoY growth. It appears that the -8.4% decline in the Consumer segment was offset by the 10.6% growth in Enterprise segment. Furthermore, the $40.4 million of ARR in high-margin subscription services indicates an expansion that could help offset hardware cyclicality, as per the management’s comment in Q4: In fact, we have been successful in incrementally improving our conversion rate and our push to move customers to our higher ASP Armor Plus offering was once again a strong contributor to growing our ARR at 18% year-over-year, reaching $40.4 million in the quarter. We remain confident we can grow our ...
Sanofi abruptly replaced Chief Executive Officer Paul Hudson after a massive research spending boost failed to deliver rapid results, appointing its first female leader, Merck KGaA’s Belén Garijo.
Sanofi abruptly replaced Chief Executive Officer Paul Hudson after a massive research spending boost failed to deliver rapid results, appointing its first female leader, Merck KGaA’s Belén Garijo.
(RTTNews) - NN Group (NNGPF.PK, NN.AS) reported fiscal 2025 net result of 1.19 billion euros compared to 1.58 billion euros, a decline of 24.9% from prior year. Operating result rose 17% to 3.00 billion euros. Operating capital generation increased 9% to 2.1 billion euros, exceed
(RTTNews) - NN Group (NNGPF.PK, NN.AS) reported fiscal 2025 net result of 1.19 billion euros compared to 1.58 billion euros, a decline of 24.9% from prior year. Operating result rose 17% to 3.00 billion euros. Operating capital generation increased 9% to 2.1 billion euros, exceed