da-kuk/E+ via Getty Images The following segment was excerpted from the GreenWood Investors 2025 Letter To Investors . Genus Plc ( GENSF , GENSY ) is a uniquely positioned animal genetics company that remains under-appreciated by the market, despite its 70% return during 2025 which led to Genus contributing nearly 3% to portfolio performance. The company's business is characterized by a highly rec...
da-kuk/E+ via Getty Images The following segment was excerpted from the GreenWood Investors 2025 Letter To Investors . Genus Plc ( GENSF , GENSY ) is a uniquely positioned animal genetics company that remains under-appreciated by the market, despite its 70% return during 2025 which led to Genus contributing nearly 3% to portfolio performance. The company's business is characterized by a highly recurring customer base, a royalty-like revenue stream, is relatively asset lite, and has dominant market share. When we entered the stock in 2024 after spending material time with its new CEO, Jorgen Kokke, we saw the opportunity to own a high-quality porcine (pig) business, a turnaround in the ABS (cow) business, a free call option on its gene-editing platform, and a future rebound in China (the largest pork consumption market in the world). At the time of our entry, the stock was trading at EBITDA, which was a material discount to its own historical average and to a recent comparable public transaction for animal genetics. During 2025, while operating income did grow 20%, stock performance was mainly driven by 2 significant milestone events. In April, after a 10-year journey, the company received FDA approval for its porcine (pig) gene-edit for Porcine Reproductive and Respiratory Syndrome (or known by the company as PRP) that has the potential to essentially eliminate a disease that costs U. S. pig producers at least $1.2 billion per year . In receiving FDA approval, Genus has materially de-risked the "free call option" on its gene-editing platform. While the company still needs regulatory approval in Japan and Mexico, we anticipate this occurring within the next 12 months. This prior "free call option" alone has the potential to 2-3x company operating profit over the next 5-7 years. Then in September, Genus announced it was strengthening its local positioning in China by finalizing a strategic JV agreement with Beijing Capital Agribusiness whereby it was selling down 51% ...
BJP7images/iStock via Getty Images BHP Group ( BHP ) may incur losses of up to $2 billion due to pricing pressures after China limited imports of its Jimblebar iron ore, with discounts widening and lump premiums plunging, Goldman Sachs Group said. The restrictions could lead to about $1 billion a year in losses from incremental discounts on the company’s major iron ore fines products at spot price...
BJP7images/iStock via Getty Images BHP Group ( BHP ) may incur losses of up to $2 billion due to pricing pressures after China limited imports of its Jimblebar iron ore, with discounts widening and lump premiums plunging, Goldman Sachs Group said. The restrictions could lead to about $1 billion a year in losses from incremental discounts on the company’s major iron ore fines products at spot prices, Bloomberg News reported, citing a Jan. 27 report. A further $1 billion could be added as an impact to revenue from discounts on lump products, with Newman Lump discounts driving an 80% fall in premiums paid on the product. BHP earlier this month said it was hammering out annual contract terms with state iron ore buyer China Mineral Resources Group (CMRG). It flagged that it is looking to sell more of its products in other markets. "During negotiations, we continue to optimise product placement distribution channels and take actions within our operations to preserve operational flexibility and productivity," BHP said in a statement. "This has seen some impact to realised price." More on BHP Group BHP: Record Copper Prices Could Give This Mining Giant A Second Engine BHP Group: Sticking To The Strategy Despite The Nickel Rally BHP Group: Making A Long-Term Bet On The Developing World BHP slides after hiking cost estimate for giant Canada potash project to $8.4B BHP's H1 iron ore production, shipments at record high
(RTTNews) - European stocks are seen opening broadly higher on Monday after Wall Street wrapped up last week with a powerful rally on trade deal and Fed rate cut hopes. U.S. stock futures traded higher this morning as Senate Republicans seek to push President Donald Trump's sweeping tax-cut and spending bill forward in a marathon weekend session. The bill will add $3.3 trillion to the nation's deb...
(RTTNews) - European stocks are seen opening broadly higher on Monday after Wall Street wrapped up last week with a powerful rally on trade deal and Fed rate cut hopes. U.S. stock futures traded higher this morning as Senate Republicans seek to push President Donald Trump's sweeping tax-cut and spending bill forward in a marathon weekend session. The bill will add $3.3 trillion to the nation's debt, about $800 billion more than the version passed last month by the House of Representatives, a nonpartisan forecaster said on Sunday. Meanwhile, with digital services tax rescinded, Canadian Prime Minister Mark Carney and U.S. President Trump will resume trade negotiations in order to agree on a deal by July 21, Canada's finance ministry said in a statement. Asian markets were mixed as Trump said he is not planning to extend a 90-day pause on tariffs on most nations beyond July 9. Japanese factory output rose at a slower-than-expected pace in May, while elsewhere in South Korea, industrial production declined sharply in the month, regional data showed. China's factory activity shrank for a third month in June amid weak demand while non-manufacturing activity increased in the month, separate set of data revealed. Oil prices were down slightly inn Asian trade ahead of an OPEC+ meeting that will make its August oil production decision. Gold edged up slightly and the dollar wallowed near its lowest in nearly four years against the euro as investor await more U.S. economic data for additional clues to the trajectory of interest rates. The monthly jobs report is likely to be in focus this week, along with other reports on manufacturing, service sector activity and the U.S. trade deficit. Closer home, retail sales and consumer price inflation data from Germany will be in the spotlight later today. U.S. stocks advanced on Friday after a White House official said the U.S. had signed a finalized trade framework with China under the Geneva deal. Cooling tensions in the Middle East a...
The Pan-Malaysian Islamic Party (PAS) has voiced its opposition to the coming water musical festival set to take place in Bukit Bintang, Kuala Lumpur. Selangor PAS Youth chief Mohamed Sukri Omar said having an open large-scale event involving “free mixing and a festival-like atmosphere” should be reviewed. “It should be reviewed in terms of values, decorum, local cultural sensitivities and social ...
The Pan-Malaysian Islamic Party (PAS) has voiced its opposition to the coming water musical festival set to take place in Bukit Bintang, Kuala Lumpur. Selangor PAS Youth chief Mohamed Sukri Omar said having an open large-scale event involving “free mixing and a festival-like atmosphere” should be reviewed. “It should be reviewed in terms of values, decorum, local cultural sensitivities and social harmony, as Malaysia is a multiracial nation with Islam as the religion of the federation,” he said in a statement on Wednesday. Advertisement “Organising such a programme at a critical and crowded area such as Bukit Bintang will cause disruption to the workforce, businesses and traffic, as well as bring safety and health risks including congestion, vandalism, pollution and moral disturbance.” He said tourism should not only be seen through the lens of entertainment but must revolve around sustainability, the people’s welfare and the nation’s image. Advertisement He stressed that the protest against the event was not a rejection of Visit Malaysia 2026 (VM2026).