The yen gained on Wednesday following a rally in Japan's equities and bets on more fiscally responsible policies after Prime Minister Takaichi's election win. Yevgen Romanenko | Moment | Getty Images Japan's largest banks posted record annual profits in their latest financial results, but earnings growth could slow as credit costs rise and geopolitical risks cloud the outlook, analysts say. Mitsub...
The yen gained on Wednesday following a rally in Japan's equities and bets on more fiscally responsible policies after Prime Minister Takaichi's election win. Yevgen Romanenko | Moment | Getty Images Japan's largest banks posted record annual profits in their latest financial results, but earnings growth could slow as credit costs rise and geopolitical risks cloud the outlook, analysts say. Mitsubishi UFJ Financial Group , the country's largest lender, said net profit rose 30% from a year ago to 2.4 trillion yen for the fiscal year ended March 2026, a record high for the third consecutive year. Similarly, Sumitomo Mitsui Financial Group and Mizuho Financial Group also reported record annual profits in their latest earnings, rising 34% and 41% from a year ago, respectively. "Higher yen rates are improving lending margins and supporting net interest income, while healthy corporate funding demand and stronger fee income are adding to revenue," said Kaori Nishizawa, Director of Banks at Fitch Ratings. Nomura reiterated its bullish stance on Japan's major banks and named Sumitomo Mitsui and Mizuho as its top picks. The three megabanks — Mitsubishi UFJ, Sumitomo Mitsui and Mizuho — still "look undervalued relative to the strength of their earnings," Nomura said. However, analysts said the lenders could struggle to keep profits at record levels. "Earnings growth is likely to moderate," said Nishizawa, noting that recent upside has come from one-off items, including market-related gains and contributions from acquisitions. watch now VIDEO 12:07 12:07 Japan's economy needs higher rates and the BOJ's indecisiveness is hurting it Squawk Box Asia Banks also face higher credit costs, competition for deposits and pressure from broader macroeconomic and geopolitical risks, according to Nishizawa. "As such, sustainability of profit growth at current levels is likely to be challenged," she added. The earnings improvements appear more structural than in previous cycles, driven by hig...
Advanced Micro Devices said on Thursday it would invest more than $10 billion across Taiwan’s artificial intelligence ecosystem as the US chipmaker looks to expand manufacturing capabilities and strengthen strategic partnerships for next-generation AI infrastructure. The company said it will collaborate with Taiwanese firms ASE Technology Holding and Siliconware Precision Industries to develop mor...
Advanced Micro Devices said on Thursday it would invest more than $10 billion across Taiwan’s artificial intelligence ecosystem as the US chipmaker looks to expand manufacturing capabilities and strengthen strategic partnerships for next-generation AI infrastructure. The company said it will collaborate with Taiwanese firms ASE Technology Holding and Siliconware Precision Industries to develop more power-efficient technologies for AI systems and processors. In a statement, AMD said the investment is aimed at scaling advanced packaging manufacturing and expanding partnerships across Taiwan’s semiconductor ecosystem to meet rising demand for AI infrastructure. AMD focuses on AI infrastructure expansion AMD said it is working with strategic partners in Taiwan and globally to advance silicon, packaging and manufacturing technologies designed to improve performance, efficiency, and deployment speed for AI systems. The company said the efforts build on its existing ecosystem partnerships and leadership in chiplet architectures, high-bandwidth memory integration, 3D hybrid bonding, and rack-scale system design. “As AI adoption accelerates, our global customers are rapidly scaling AI infrastructure to meet growing compute demand,” said Lisa Su, Chair and CEO of AMD. “By combining AMD leadership in high-performance computing with the Taiwan ecosystem and our strategic global partners, we are enabling integrated, rack-scale AI infrastructure that helps customers accelerate deployment of next-generation AI systems,” Su added. New packaging technologies under development AMD said it is collaborating with ASE, SPIL, and other industry partners to develop and qualify next-generation wafer-based 2.5D bridge interconnect technology known as Elevated Fanout Bridge (EFB). According to the company, the EFB architecture increases interconnect bandwidth and improves power efficiency for “Venice” CPUs. AMD said the improvements are expected to support faster and more efficient systems ca...
Palantir Technologies NASDAQ: PLTR just posted what may be the best quarter in its history as a public company. 85% revenue growth, operating margins approaching 50%, $8 billion in combined cash and short-term securities, and zero signs of stress anywhere in the business. The stock sold off anyway. For investors trying to make sense of that, one of the earliest retail bulls on the name says the re...
Palantir Technologies NASDAQ: PLTR just posted what may be the best quarter in its history as a public company. 85% revenue growth, operating margins approaching 50%, $8 billion in combined cash and short-term securities, and zero signs of stress anywhere in the business. The stock sold off anyway. For investors trying to make sense of that, one of the earliest retail bulls on the name says the reaction isn't a mystery—and it isn't a warning. Get Palantir Technologies alerts: Sign Up When Great Earnings Aren't Enough Palantir Technologies Today PLTR Palantir Technologies $137.15 +1.89 (+1.40%) 52-Week Range $118.93 ▼ $207.52 P/E Ratio 154.10 Price Target $195.16 Add to Watchlist The market's short-term behavior has always been a poor predictor of business quality. Long-term Palantir bull Tom Nash, who has followed the company since its public debut, put it plainly: in the short run, the market is a voting machine. In the long run, it's a weighing machine, a line he credits to Benjamin Graham. A stock priced for perfection, like Palantir, often sells off even when it delivers perfection. High expectations were baked in ahead of the earnings report. Some investors took profits and moved on. That's not panic, it's rational portfolio management. Nash pointed to Amazon.com NASDAQ: AMZN as a parallel case: a company blowing out earnings while still lagging the broader S&P 500, largely misunderstood by the market in the short term. Mispricing is more common than investors tend to acknowledge. Why the Global Chaos Trade Favors Palantir Nash spent years underweighting Palantir's government business in his thesis. That view changed as the global investment environment shifted. The AI arms race among governments is accelerating, and the U.S. Department of Defense has a historically consistent preference for a single primary supplier when it comes to mission-critical data infrastructure. That supplier is effectively Palantir. The broader geopolitical deterioration—supply chain ...
Brazil’s right-wing presidential candidate Flavio Bolsonaro was riding high in the polls until the news broke of his ties to a banker jailed over a multimillion-dollar fraud scandal. The 45-year-old senator had been polling neck-and-neck with 80-year-old President Luiz Inacio Lula da Silva, who is expected to seek a fourth term in presidential elections in October. But a change may be under way fo...
Brazil’s right-wing presidential candidate Flavio Bolsonaro was riding high in the polls until the news broke of his ties to a banker jailed over a multimillion-dollar fraud scandal. The 45-year-old senator had been polling neck-and-neck with 80-year-old President Luiz Inacio Lula da Silva, who is expected to seek a fourth term in presidential elections in October. But a change may be under way following the publication of an audio recording by investigative outlet The Intercept in which Bolsonaro asked disgraced banker Daniel Vorcaro to finance a film he was making about his father, former far-right president Jair Bolsonaro. Advertisement Polls had projected a Bolsonaro-Lula tie in the second round, giving a slight advantage to the right-wing hopeful. Now, his ratings appear to have dwindled, with one poll putting the right-wing candidate seven points behind leftist Lula. Advertisement Vorcaro was the major shareholder in the small private Master Bank that collapsed last year, sparking a major fraud investigation that has rattled the highest echelons of power in Latin America’s largest economy.
Gaming and Leisure Properties ( GLPI ) declares $0.82/share quarterly dividend , 5.1% increase from prior dividend of $0.78. Forward yield 6.95% Payable June 26; for shareholders of record June 12; ex-div June 12. See GLPI Dividend Scorecard, Yield Chart, & Dividend Growth. More on Gaming and Leisure Properties Gaming And Leisure Properties: Trading At An Appropriate Premium To Invested Capital Ga...
Gaming and Leisure Properties ( GLPI ) declares $0.82/share quarterly dividend , 5.1% increase from prior dividend of $0.78. Forward yield 6.95% Payable June 26; for shareholders of record June 12; ex-div June 12. See GLPI Dividend Scorecard, Yield Chart, & Dividend Growth. More on Gaming and Leisure Properties Gaming And Leisure Properties: Trading At An Appropriate Premium To Invested Capital Gaming and Leisure Properties: The Numbers Don't Justify This Discount Gaming and Leisure Properties, Inc. 2026 Q1 - Results - Earnings Call Presentation Gaming and Leisure Properties Q2 dividend preview: 5-year growth streak set to continue GLPI outlines 2026 AFFO guidance of $1.212B-$1.223B amid $750M-$800M development spend plan
Hong Kong police are investigating a burglary at a seaside luxury house in Tai Po, where a businesswoman lost an estimated HK$8 million (US$1.02 million) worth of premium wines, Mao-tai liquor and vintage tea leaves, the South China Morning Post has learned. A source on Thursday said that the victim, a 53-year-old local businesswoman, reported the break-in at around 5.47pm on Wednesday after retur...
Hong Kong police are investigating a burglary at a seaside luxury house in Tai Po, where a businesswoman lost an estimated HK$8 million (US$1.02 million) worth of premium wines, Mao-tai liquor and vintage tea leaves, the South China Morning Post has learned. A source on Thursday said that the victim, a 53-year-old local businesswoman, reported the break-in at around 5.47pm on Wednesday after returning from a trip to mainland China. The insider said the woman had left her luxury home at the Mayfair By The Sea premium estate in Pak Shek Kok last Friday evening, but found the back door of the detached house had been forced open when she returned on Wednesday afternoon. Advertisement The source said the intruders had thoroughly ransacked the property, leaving items scattered across the ground and first floors. The victim told police that a collection of premium wines, Mao-tai liquor and vintage tea leaves, valued at about HK$8 million, had been stolen. Advertisement “The house was equipped with a closed-circuit television system, but the perpetrators deliberately damaged it to destroy evidence,” the source said. “The estate’s main security cameras did not cover the specific perimeter of the victim’s flat.”
Ross Stores ( ROST ) declares $0.445/share quarterly dividend , in line with previous. Forward yield 0.82% Payable June 30; for shareholders of record June 9; ex-div June 9. See ROST Dividend Scorecard, Yield Chart, & Dividend Growth. More on Ross Stores Ross Stores Q1 Preview: High Bar For Continued Outperformance, Shares Fairly Valued Ross Stores: Earnings Should Continue To Grow At A Healthy Cl...
Ross Stores ( ROST ) declares $0.445/share quarterly dividend , in line with previous. Forward yield 0.82% Payable June 30; for shareholders of record June 9; ex-div June 9. See ROST Dividend Scorecard, Yield Chart, & Dividend Growth. More on Ross Stores Ross Stores Q1 Preview: High Bar For Continued Outperformance, Shares Fairly Valued Ross Stores: Earnings Should Continue To Grow At A Healthy Clip Ross Stores: Strong Q4 Results Stretch The Valuation TJX Companies, Ross Stores top names in an attractive vertical—Truist Securities Apparel stocks to watch on back of Lululemon's mixed earnings report
By Summer Zhen and Jiaxing Li HONG KONG, May 21 (Reuters) - Hedge fund managers say they are targeting investments this year in companies from AI-linked data centres and printed circuit board (PCB) makers to pet food and instant noodle brands as they try to ride the tech boom and Gen Z spending. AI-related trade drew strong interest at the annual Sohn Investment Conference in Hong Kong this week...
By Summer Zhen and Jiaxing Li HONG KONG, May 21 (Reuters) - Hedge fund managers say they are targeting investments this year in companies from AI-linked data centres and printed circuit board (PCB) makers to pet food and instant noodle brands as they try to ride the tech boom and Gen Z spending. AI-related trade drew strong interest at the annual Sohn Investment Conference in Hong Kong this week as a semiconductor rally this year helps major Asian equity indexes outperform Western markets. The firms did not disclose whether they had positions in the companies they highlighted at the Sohn conference, an event where hedge funds pitch their top investment ideas. Kenny Zhang, chief investment officer at Valliance Asset Management, favoured U.S. AI data centre CoreWeave, which provides tech companies with hardware and cloud capacity powered by Nvidia chips. The new production model fuelled by AI will result in global enterprises exporting "knowledge labour to digital people," he said, referring to AI agents. "If we think chips are replacing people, how do we make the digital people happy? ... You need a company like Coreweave," he said. The Hong Kong-based hedge fund expects CoreWeave's annualised revenue to reach $55 billion by 2028, up from $1 billion in early 2024. Some hedge funds are eyeing opportunities resulting from hardware supply shortages. Among different layers of the semiconductor supply chains, PCBs are facing the most severe shortages, according to CloudAlpha Capital. The hedge fund, also from Hong Kong, preferred Taiwan's leading PCB maker Compeq Manufacturing, with founding partner and co-CIO Chris Wang saying even tech giant TSMC could face a PCB capacity bottleneck in the next one to three years. Wang believes Compeq could have a re-rating, as the Apple supplier is expanding capacity while trading at less than 15 times valuation. Keyrock Capital Management, meanwhile, is bullish on Japan's electrical engineering firm Kandenko, betting it will...