Tesla (TSLA) has introduced the stretched Model Y L electric SUV in the U.S., effectively expanding its most successful EV into another segment. It can cost billions to develop an all-new car from scratch. Rather than go that route, Tesla has stretched the Model Y platform to target the popular ...
Tesla (TSLA) has introduced the stretched Model Y L electric SUV in the U.S., effectively expanding its most successful EV into another segment. It can cost billions to develop an all-new car from scratch. Rather than go that route, Tesla has stretched the Model Y platform to target the popular ...
Mainland China’s stock markets are converging with those in the US when it comes to the concentration of technology companies, with the sector becoming the biggest constituent of key equity benchmarks. Technology stocks now represent 27 per cent of the weighting in the CSI 300 Index – which tracks the Shanghai and Shenzhen markets – twice as much as a year ago. That has put the tech sector on top ...
Mainland China’s stock markets are converging with those in the US when it comes to the concentration of technology companies, with the sector becoming the biggest constituent of key equity benchmarks. Technology stocks now represent 27 per cent of the weighting in the CSI 300 Index – which tracks the Shanghai and Shenzhen markets – twice as much as a year ago. That has put the tech sector on top of the benchmark’s 10 industry groups, with financials and industrials ranked second and third...
A selloff in Indonesian assets that accelerated during the Iran war has created a buying opportunity, prompting a South African money manager with $29 billion in assets to enter the market. The Jakarta Composite Index is the world’s worst-performing benchmark this year, down more than 35% in dollar terms among the 92 equity indexes tracked by Bloomberg. The selloff has largely been driven by MSCI ...
A selloff in Indonesian assets that accelerated during the Iran war has created a buying opportunity, prompting a South African money manager with $29 billion in assets to enter the market. The Jakarta Composite Index is the world’s worst-performing benchmark this year, down more than 35% in dollar terms among the 92 equity indexes tracked by Bloomberg. The selloff has largely been driven by MSCI Inc.’s January warning that Indonesia could be downgraded to frontier-market status due to investability concerns and the limited number of shares available. Authorities have since introduced a series of reforms, which MSCI will review in November. Read More: MSCI Delays Indonesia’s Market Status Review Until November Investors have also been rattled by concerns over fiscal policy, governance, the weakening rupiah and policy predictability under President Prabowo Subianto . Such “periods of heightened volatility and investor uncertainty present a particularly fertile hunting ground for patient, valuation-driven investors in frontier markets,” Rory Kutisker-Jacobson , a portfolio manager at Allan Gray Ltd. wrote in a note Tuesday. “These markets are often overlooked or poorly researched by global investors, resulting in significant pricing inefficiencies and, at times, compelling opportunities.” The Cape Town-based asset manager made its first investment in Indonesia last month in PT Indofood Sukses Makmur , one of the world’s largest makers of instant noodles, and plans others. “We have increased our focus on the country and written several internal research reports on potential opportunities,” Kutisker-Jacobson said. Read More: Indonesia Taps Insider to Revive World’s Worst Stock Market “On our estimates, INDF trades on just over five times earnings, which we believe is a good price to pay for a dominant, cash-generative, consumer-facing business,” he said. The Allan Gray Frontier Markets Equity Fund , co-managed by Kutisker-Jacobson, has returned nearly 9% so far this yea...
Lazada, Southeast Asia's leading eCommerce platform, has joined Meta's Facebook Affiliate Partnerships programme, enabling content creators across Singapore, Malaysia, Thailand, Indonesia, Vietnam and the Philippines to tag Lazada products directly within their Facebook and Instagram content and earn commissions on every completed purchase.
Lazada, Southeast Asia's leading eCommerce platform, has joined Meta's Facebook Affiliate Partnerships programme, enabling content creators across Singapore, Malaysia, Thailand, Indonesia, Vietnam and the Philippines to tag Lazada products directly within their Facebook and Instagram content and earn commissions on every completed purchase.