Fractal Analytics Ltd. shares fell in their Mumbai trading debut on Monday, signaling continued weakness in investor appetite for technology startups amid valuation concerns in an otherwise subdued stock market. Shares of the data analytics company dropped as much as 5% to 855.15 rupees after raising 28.34 billion rupees ($313 million) in an initial public offering at 900 rupees apiece. In a separ...
Fractal Analytics Ltd. shares fell in their Mumbai trading debut on Monday, signaling continued weakness in investor appetite for technology startups amid valuation concerns in an otherwise subdued stock market. Shares of the data analytics company dropped as much as 5% to 855.15 rupees after raising 28.34 billion rupees ($313 million) in an initial public offering at 900 rupees apiece. In a separate listing on Monday, shares of Aye Finance Ltd. fell as much as 3.9% to 124 rupees from their offer price of 129 rupees. India’s stock market is off to a subdued start of the year, which has also slowed the pace of IPOs after two years of fundraising records. Both Fractal and Aye Finance came to the market with downsized offerings after several delays and their stock performance will be another signal to consider for the more than 100 prospective issuers that have received regulatory approvals. Both companies launched their offerings with a view of capitalizing on a stock-market rebound this month following a trade agreement. Fractal’s IPO was 2.7 times oversubscribed after the company cut the size of its offering from 49 billion rupees. Aye Finance failed to secure full subscription for the sale cut to about 10.1 billion rupees from 14.5 billion rupees.
Some shopping centres in Hong Kong display unclear parking discount terms that often lead to disputes, the consumer watchdog has said, citing a case where a driver was billed HK$1,210 (US$155) for a full day, more than seven times the advertised rate. The Consumer Council said on Monday that complaints about car-park services had remained persistently high in recent years, with 120 cases recorded ...
Some shopping centres in Hong Kong display unclear parking discount terms that often lead to disputes, the consumer watchdog has said, citing a case where a driver was billed HK$1,210 (US$155) for a full day, more than seven times the advertised rate. The Consumer Council said on Monday that complaints about car-park services had remained persistently high in recent years, with 120 cases recorded in 2025, reversing a dip to 96 in 2024 and broadly matching 118 in 2023. In one complaint, a driver...
The stocks in this article have caught Wall Street’s attention in a big way, with price targets implying returns above 20%. But investors should take these forecasts with a grain of salt because analysts typically say nice things about companies so their firms can win business in other product lines like M&A advisory.
The stocks in this article have caught Wall Street’s attention in a big way, with price targets implying returns above 20%. But investors should take these forecasts with a grain of salt because analysts typically say nice things about companies so their firms can win business in other product lines like M&A advisory.
MiniMax Group Inc. shares surged in Hong Kong, buoyed by growing investor confidence in the technology offered by China’s generative AI startups. The stock gained as much as 30%, before closing up 25% in the city’s shortened trading session on Monday. Shares of rival Zhipu — whose official name is Knowledge Atlas Technology JSC Ltd. — advanced as much as 11% before ending the day up 4.7%. Both sto...
MiniMax Group Inc. shares surged in Hong Kong, buoyed by growing investor confidence in the technology offered by China’s generative AI startups. The stock gained as much as 30%, before closing up 25% in the city’s shortened trading session on Monday. Shares of rival Zhipu — whose official name is Knowledge Atlas Technology JSC Ltd. — advanced as much as 11% before ending the day up 4.7%. Both stocks have risen at least 300% since their Hong Kong listings in January. Shares in the two companies have been rocketing in recent sessions, bolstered by upgrades to their AI models as firms in the sector seek to grab additional user traffic during the approaching Lunar New Year holiday. MiniMax last week released an upgrade to its flagship model dubbed M2.5, which has been measured directly against Anthropic’s Claude Opus 4.6. Read more: ByteDance, Zhipu Jolt China’s AI Race Ahead of New Year “The model performance of MiniMax has improved significantly, particularly with version M2.5,” said Ke Yan , head of research at DZT Research in Singapore. “On several benchmarks, such as the software engineering SWE, M2.5 performs very close to Anthropic’s flagship Claude Opus 4.6 model.”
Taiwan Semiconductor Manufacturing (NYSE:TSM) reported record monthly sales, supported by strong demand for chips used in AI applications. The company is expanding manufacturing capacity in Japan and other countries to produce more advanced chips. TSMC is deepening its partnership with Nvidia as AI chip orders grow. For investors watching AI hardware, Taiwan Semiconductor Manufacturing sits right ...
Taiwan Semiconductor Manufacturing (NYSE:TSM) reported record monthly sales, supported by strong demand for chips used in AI applications. The company is expanding manufacturing capacity in Japan and other countries to produce more advanced chips. TSMC is deepening its partnership with Nvidia as AI chip orders grow. For investors watching AI hardware, Taiwan Semiconductor Manufacturing sits right at the center of the action. The stock trades at $366.36, with returns of 5.0% over the past...
We have put together stories from our coverage last weekend to help you stay informed about news across Asia and beyond. If you would like to see more of our reporting, please consider subscribing. 1. China allows visa-free entry to British, Canadian nationals 2. Rubio, Wang Yi manage US-China great power rivalry in Munich even as core tensions linger 3. Star Cruises ‘fully prepared’ for next sail...
We have put together stories from our coverage last weekend to help you stay informed about news across Asia and beyond. If you would like to see more of our reporting, please consider subscribing. 1. China allows visa-free entry to British, Canadian nationals 2. Rubio, Wang Yi manage US-China great power rivalry in Munich even as core tensions linger 3. Star Cruises ‘fully prepared’ for next sailing after anger over axed trip 4. Public fury as China mental hospitals recruit fake patients for...
Over the past nine decades, Social Security has been one of America's premier social programs. Whatever one's opinion about it is, it's hard to deny that keeping retirees financially afloat is a good thing. As of December, over 53.8 million people were receiving retirement benefits. One unfortunate thing about Social Security , though, is how often it changes. There are constant changes, such as t...
Over the past nine decades, Social Security has been one of America's premier social programs. Whatever one's opinion about it is, it's hard to deny that keeping retirees financially afloat is a good thing. As of December, over 53.8 million people were receiving retirement benefits. One unfortunate thing about Social Security , though, is how often it changes. There are constant changes, such as the cost-of-living adjustment (COLA) , that you expect each year, and one-off operational changes that seemingly come out of nowhere. The latest Social Security change falls into the latter bucket. Image source: Getty Images. Continue reading
Tencent Holdings (SEHK:700) has drawn investor attention after recent trading, with the share price at HK$532 and short term returns under pressure, including a roughly 14% decline over the past month. See our latest analysis for Tencent Holdings. The recent 14% 30 day share price decline sits against a softer trend over the past quarter and year to date, even as the 1 year and 3 year total shareh...
Tencent Holdings (SEHK:700) has drawn investor attention after recent trading, with the share price at HK$532 and short term returns under pressure, including a roughly 14% decline over the past month. See our latest analysis for Tencent Holdings. The recent 14% 30 day share price decline sits against a softer trend over the past quarter and year to date, even as the 1 year and 3 year total shareholder returns of 13.03% and 45.83% suggest earlier momentum has cooled rather than reversed...
JHVEPhoto/iStock Editorial via Getty Images Readers have contacted me over the past few months, wanting me to start coverage on the company FMC Corporation ( FMC ) . I've never been opposed to it, but my coverage on fertilizers and agrochemicals has been at capacity for some time - though this is at least partially an excuse. The simple fact is, that I've never been a fan of the fundamental weakne...
JHVEPhoto/iStock Editorial via Getty Images Readers have contacted me over the past few months, wanting me to start coverage on the company FMC Corporation ( FMC ) . I've never been opposed to it, but my coverage on fertilizers and agrochemicals has been at capacity for some time - though this is at least partially an excuse. The simple fact is, that I've never been a fan of the fundamental weakness that I've been able to see in FMC, even before the crash that we saw in 3Q of 2025. The recent pieces of news have not made this any easier, not in the least. You know me for a fundamental valuation investor, if you follow my work. The importance is in those two concepts. Fundamentals, one, meaning I want strong fundamentals or at least something I can understand. Secondly, valuation. Once I understand it, I want a good price for the relative risk that I am taking. The reason I have been so reticent on FMC is because I believe that the company has either failed to deliver one of those things or both. This article represents my first entry (and possibly last; we'll see what happens) into coverage for the company according to my valuation model, but don't mistake that for a high conviction rating. In fact, I rate it a "SELL". In this case, I believe that Seeking Alpha's valuation and Quant grades very nicely encapsulate what the picture of this company is. Quant has it at 11/12 (in spots in the industry), and 260 out of 280 in the sector. It's not a good ranking. Literally every single factor grade apart from valuation is at a D+ or worse - and the only reason that valuation is at A+ is because you're getting the companies for what in the long term could amount to "pennies on the dollar". Many analysts have been positive on the company, especially since the drop. They see the value in the assets, and the potential for an upside that certainly is here. But given what we're seeing in the fertilizer/agrochemical sector, is it worth it? Is it a risk worth taking here, given wh...
Food delivery giant Talabat has reported full year adjusted profit of $451 million -- that's a jump of 15% year on year. The Dubai-headquartered firm plans to invest $100 million this year to grow its subscriber base across its verticals. Toon Gyssels, CEO, Talabat spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on their performance and competition from other deliver...
Food delivery giant Talabat has reported full year adjusted profit of $451 million -- that's a jump of 15% year on year. The Dubai-headquartered firm plans to invest $100 million this year to grow its subscriber base across its verticals. Toon Gyssels, CEO, Talabat spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on their performance and competition from other delivery apps. (Source: Bloomberg)
Getty Images Key Takeaways Markets: The fourth quarter capped a volatile and demanding year for small cap investors. The Russell 2000 Index returned 2.2% for the quarter and finished the year up 12.8%, trailing the Russell 1000 Index by approximately 450 basis points. A partial rotation away from the dominant AI trade supported value stocks over growth during the quarter, with the Russell 2000 Val...
Getty Images Key Takeaways Markets: The fourth quarter capped a volatile and demanding year for small cap investors. The Russell 2000 Index returned 2.2% for the quarter and finished the year up 12.8%, trailing the Russell 1000 Index by approximately 450 basis points. A partial rotation away from the dominant AI trade supported value stocks over growth during the quarter, with the Russell 2000 Value Index returning 3.3% compared to a 1.2% gain for the growth index. Contributors: Holdings in Arrowhead Pharmaceuticals ( ARWR ), Celcuity ( CELC ) and Photronics ( PLAB ). Stock selection in the financials and energy sectors and underweight to IT. Detractors: Holdings in Concept Therapeutics ( CORT ), MP Materials ( MP ) and Penguin Solutions ( PENG ). Stock selection in the materials, IT and communication services. Outlook: Despite near-term headwinds, attractive relative valuations and early signs of earnings broadening point to a more constructive setup for patient investors. Performance Review The Fund generated positive absolute performance but trailed its benchmark in the fourth quarter, as notable strength in financials and energy, along with contributions from select health care holdings, were offset by weakness in materials and consumer discretionary. Beneath the surface, market leadership remained uneven. The quarter began with a continuation of one of the most extreme low-quality rallies on record, as non-earners, low-return on equity companies and high-beta stocks dramatically outperformed, leaving active managers broadly behind. This dynamic briefly gave way to a more constructive environment, as leadership rotated toward value, quality and lower-beta stocks, allowing small caps and active strategies to outperform for a short period. That improvement ultimately proved fleeting, as momentum leadership reasserted itself into year-end, closing the quarter with narrow breadth and elevated speculative activity. Financials strength reflected strong stock selection...