Ten people have been injured in a crash involving a truck and a bus outside a shopping centre in Hong Kong’s Kwun Tong. Police said they received a report of the crash in Sau Mau Ping at about 6.20am on Tuesday, where a truck collided with a KMB double-decker bus, leaving eight passengers and the two drivers with mild injuries. The collision occurred outside Po Tat Shopping Centre on Po Lam Road, ...
Ten people have been injured in a crash involving a truck and a bus outside a shopping centre in Hong Kong’s Kwun Tong. Police said they received a report of the crash in Sau Mau Ping at about 6.20am on Tuesday, where a truck collided with a KMB double-decker bus, leaving eight passengers and the two drivers with mild injuries. The collision occurred outside Po Tat Shopping Centre on Po Lam Road, the force said. Part of Po Lam Road towards Sau Mau Ping Road was closed but reopened at...
Bristol Myers Squibb 's (NYSE: BMY) shares are trading for a bit less than $60 apiece, which may seem like an affordable price to pay for a pharmaceutical company of its stature. But some would argue that the drugmaker looks far too expensive, even at current levels, relative to its growth potential. Bristol Myers has encountered patent cliffs in recent years, and there are more on the horizon. By...
Bristol Myers Squibb 's (NYSE: BMY) shares are trading for a bit less than $60 apiece, which may seem like an affordable price to pay for a pharmaceutical company of its stature. But some would argue that the drugmaker looks far too expensive, even at current levels, relative to its growth potential. Bristol Myers has encountered patent cliffs in recent years, and there are more on the horizon. By the end of the decade, the company will lose patent exclusivity for its two best-selling medicines, the cancer drug Opdivo and the anticoagulant Eliquis. So, the stock could significantly underperform broader equities, or perhaps even be a wealth destroyer, over the next five years, or so the argument goes. Should value investors even bother taking a second look at the pharmaceutical giant? Image source: The Motley Fool. Continue reading
(RTTNews) - The Hong Kong stock market ticked higher again on Monday, one session after ending the two-day winning streak in which it had jumped more than 770 points or 2.8 percent. The Hang Seng Index now rests just above the 26,400 point plateau and it's tipped to open to the u
(RTTNews) - The Hong Kong stock market ticked higher again on Monday, one session after ending the two-day winning streak in which it had jumped more than 770 points or 2.8 percent. The Hang Seng Index now rests just above the 26,400 point plateau and it's tipped to open to the u
Earnings Call Insights: Simon Property Group (SPG) Q1 2026 Management View "We are off to a very good start for 2026 with first quarter results that exceeded our plan." (President, CEO, COO & Director Eli Simon) "During the first quarter, we signed more than 1,100 leases totaling over 4.7 million square feet." (President, CEO, COO & Director Simon) "Approximately 25% of our leasing volume in the q...
Earnings Call Insights: Simon Property Group (SPG) Q1 2026 Management View "We are off to a very good start for 2026 with first quarter results that exceeded our plan." (President, CEO, COO & Director Eli Simon) "During the first quarter, we signed more than 1,100 leases totaling over 4.7 million square feet." (President, CEO, COO & Director Simon) "Approximately 25% of our leasing volume in the quarter was new deals." (President, CEO, COO & Director Simon) "We have projects under construction at 29 centers with our share of net cost of $1.06 billion at a blended yield of 9%." (President, CEO, COO & Director Simon) "We have an additional $1 billion of projects, so we'll have the ability to start construction this year" and "approximately $3 billion of projects in our pipeline that could start over the next several years." (President, CEO, COO & Director Simon) "Malls and Premium Outlets were $819 per square foot in the quarter, up 11.8%." (President, CEO, COO & Director Simon) "Total sales volume increased 5.6% over the trailing 12 months and 8.8% in the quarter, with comparable sales growth of 6.5% for the first quarter." (President, CEO, COO & Director Simon) "Real estate FFO was $1.2 billion or $3.17 per share in the first quarter" and "reported FFO of $2.91 per share includes $40 million or $0.10 per share of accelerated stock compensation expense." (Executive VP & CFO Brian McDade) "Today, we announced our dividend of $2.25 per share for the second quarter an increase of $0.15 or 7.1% year-over-year." (Executive VP & CFO McDade) "we repurchased approximately 965,000 shares of our common stock for an investment of $175 million at an average purchase price of $181.59." (Executive VP & CFO McDade) Outlook "We are increasing our full year 2026 real estate FFO guidance to a range of $13.10 to $13.25 per share." (Executive VP & CFO McDade) "The original $0.25 to $0.30 headwind that we expected between higher interest expense and lower interest income is still there" ...