UOB Kayhian has raised Sembcorp Industries' target price to S$3.59 from the previous target of S$2.95, on the back of higher expected earnings and aggressive plans to build up its renewable energy business. This represents a potential upside of 25.5 per cent from its last closing price of S$2.86, and a target share price which is 13.6 times of the company's earnings per share, otherwise known as price-to-earnings ratio, a common measurement used for valuing companies.In a research note on Monday (Apr 18), UOB KayHian analyst Adrian Loh said that the energy and urban development company is current trading at a discount relative to other utility companies in developed Asia-Pacific economies, which is estimated to be trading at an average price-to-earnings ratio of 16.8 times in 2022.Loh

TSMC is building a multibillion-dollar facility in Phoenix, Arizona, to produce cutting-edge chips for U.S. clients. (Photo courtesy of TSMC)PHOENIX, U.S. -- Taiwan Semiconductor Manufacturing Co. is to more than triple its investment in the U.S. to $40 billion and bring the world's most advanced chip production technology to the country by 2026, in a victory for Washington's push to onshore vital parts of the semiconductor supply chain.TSMC, the world's biggest contract chipmaker, announced on Tuesday it will increase its investment in Arizona, where it is building a $12 billion chip facility, to $40 billion in order to build a second, even more advanced plant there.The announcement came ahead of an equipment installation ceremony at the first facility on Tuesday, attended by U.S. Preside

These stocks have started rallying, but investors still have a window to buy them. The Nasdaq-100 Technology Sector index showed signs of a turnaround last week after a torrid time so far this year, but the index is still down 15% in 2022. The broader recovery intech stockshas also led to a rally in shares of Nvidia(NVDA)and Roblox (RBLX-7.32%)-- two companies that have borne the brunt of the tech sell-off in 2022. Savvy investors, however, still have an opportunity to buy these companies at relatively cheaper valuations. That's because Nvidia is still down 13% in 2022, while Roblox has lost half its value. A closer look at their businesses will indicate that Nvidia and Roblox are worth buying and holding on to for a long time to come, as they're playing critical r

The Securities and Exchange Commission is investigating billionaire Ryan Cohen’s ownership—and surprise sale—of $Bed Bath & Beyond(BBBY)$ OSTK -1.91% decrease; red down pointing triangle shares at a time when such so-called meme stocks were all the rage with investors. Cohen took a $120 million stake in Bed Bath & Beyond and pushed for changes to the housewares retailer’s sales strategy, but abruptly sold his 11.8% interest in August 2022, just days after tweeting positively about the company. The five-month investment netted him a profit of nearly $60 million. Cohen’s interest in the company spurred a frenzy of trading that caused its stock to soar 34% in a day before collapsing when he disclosed the sales, prior to which he had

Several electric-vehicle makers, including Chinese EV startup XPeng (XPEV), accelerated in 2020 as total EV sales in China surpassed 1 million for the year. XPeng stock had a breakout year, rising more than 100% through December after a multibillion-dollar debut on the NYSE in August. The stock had a rough first half of 2021, but shares improved in the latter half of the year. However, shares have struggled in 2022 as the market turns away from growth stocks like XPeng. Over the long haul, the future looks optimistic for EV makers. Analysts are bullish about both China EV sales and global EV sales. GlobalData estimates EV sales in China to slow down relatively in 2022 when compared to 2021. Nonetheless, they estimate growth of 57% year-over-year to reach a volume sale of 7.2 mill