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2023-10-26

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ThaiBev Remains Attractively Priced; to Benefit From on Track Tourism Recovery in Thailand: UOBKH

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META & AMZN Next 🙏","htmlText":"45% gain from taking calls on QQQ, SPX &amp; SPY as highlighted in sharing my trade idea yesterday. ⚠️ Trading tips: looking at QQQ calls above 359 and puts below 356 on Wednesday. 356-357 could be an opportunity to dip buy into the close awaiting earnings for META mirroring yesterday. Not financial advice 🤫 Don’t say never say 🤗 ✅ Microsoft&nbsp;posted its strongest sales gain in six quarters, bolstered by recovering cloud-computing growth amid demand for new artificial intelligence products. Shares jumped 4% in post-market trading. 🤩 ❌ Alphabet&nbsp;reported revenue and profit from its cloud business that missed analysts’ estimates, raising concerns about the company’s position in a market that is critical to its future growth. Its shares fell 7% after hours. 😨 ⁉️ Meta&nbsp;was sued by C","listText":"45% gain from taking calls on QQQ, SPX &amp; SPY as highlighted in sharing my trade idea yesterday. ⚠️ Trading tips: looking at QQQ calls above 359 and puts below 356 on Wednesday. 356-357 could be an opportunity to dip buy into the close awaiting earnings for META mirroring yesterday. Not financial advice 🤫 Don’t say never say 🤗 ✅ Microsoft&nbsp;posted its strongest sales gain in six quarters, bolstered by recovering cloud-computing growth amid demand for new artificial intelligence products. Shares jumped 4% in post-market trading. 🤩 ❌ Alphabet&nbsp;reported revenue and profit from its cloud business that missed analysts’ estimates, raising concerns about the company’s position in a market that is critical to its future growth. Its shares fell 7% after hours. 😨 ⁉️ Meta&nbsp;was sued by C","text":"45% gain from taking calls on QQQ, SPX & SPY as highlighted in sharing my trade idea yesterday. ⚠️ Trading tips: looking at QQQ calls above 359 and puts below 356 on Wednesday. 356-357 could be an opportunity to dip buy into the close awaiting earnings for META mirroring yesterday. Not financial advice 🤫 Don’t say never say 🤗 ✅ Microsoft posted its strongest sales gain in six quarters, bolstered by recovering cloud-computing growth amid demand for new artificial intelligence products. Shares jumped 4% in post-market trading. 🤩 ❌ Alphabet reported revenue and profit from its cloud business that missed analysts’ estimates, raising concerns about the company’s position in a market that is critical to its future growth. 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Since Tan’s update in January, the country has seen a spike in tourists from China, which is in line with his earlier expectations.</p><p style=\"text-align: start;\">In January and February, Thailand saw 91,841 and 155,656 Chinese tourists respectively, up by 28.5 times y-o-y and 30.8 times y-o-y.</p><p style=\"text-align: start;\">“Moving forward, we reckon that Chinese tourist arrivals would continue its upward momentum throughout 2023, given that February arrivals were only at 15% of pre-Covid-19 levels,” says Tan.</p><p style=\"text-align: start;\">While there was a slight dip in overall tourist arrivals in February at 2.11 million visitors or down 1.5% m-o-m, Tan attributes this to seasonal factors. In his view, tourist arrivals are expected to continue improving in 2023.</p><p style=\"text-align: start;\">“Thailand’s tourism council expects 25 million – 30 million tourists in 2023. Similarly, we now expect 28 million to 30 million tourist arrivals in 2023, roughly 70% - 75% of the 40 million arrivals before the pandemic,” he writes.</p><p>On the recovery in Thailand’s tourism numbers, Tan expects ThaiBev’s spirits ebitda to grow by 8% to 10% y-o-y in the 2QFY2023. The analyst attributes this to the expected higher volumes for its brown spirits, which enjoy higher average selling prices (ASPs), as well as higher ebitda margin assumptions as raw material prices are expected to soften. However, the analyst notes that his forecasts may face potential downsides on the back of higher-than-expected operating costs and lower-than-expected white spirits volumes.</p><p style=\"text-align: start;\">Meanwhile, the analyst expects ThaiBev’s beer ebitda to fall by 15% to 16% y-o-y in the 2QFY2023 as he expects margin compressions to continue as competition within the domestic beer industry heats up. That said, better-than-expected cost management may reflect an upside to Tan’s estimates.</p><p style=\"text-align: start;\">Tan also expects ThaiBev’s 2QFY2023 ebitda for the non-alcoholic beverages (NAB) segment to fall by around 20% y-o-y as ebitda margins are expected to compress from higher marketing activities and an overall inflationary cost push. While the group’s food segment faces the same issues, the analyst is expecting it to report a 10% y-o-y growth in its 2QFY2023 ebitda due to the low base in the 2QFY2022.</p><p>Overall, the analyst is estimating ThaiBev’s revenue for the 1HFY2023 to grow by 6% to 8% y-o-y backed by higher revenue contributions from the brown spirits, beer, NAB and food segments.</p><p style=\"text-align: start;\">At the same time, however, he expects its ebitda for the 1HFY2023 to fall by 8% to 10% y-o-y, which implies ebitda margins of 16.6% compared with the margins of 19.8% in the 1HFY2022. Again, Tan sees potential upside in the form of better-than-expected cost management.</p><p style=\"text-align: start;\">At its current price levels, Tan says ThaiBev remains “attractively priced” at below -1.0 standard deviation (s.d.) to ThaiBev’s long-term average mean P/E and backed by favourable tailwinds.</p><p style=\"text-align: start;\">That said, the analyst has lowered his target price to 78 cents from 80 cents previously due to lower market valuations for its Frasers Property and Fraser and Neave stakes, along with a stronger Singapore dollar (SGD).</p><p style=\"text-align: start;\">To him, share price catalysts include the group gaining market share in the beer segment, the spin-off listing of BeerCo and lower-than-expected operating costs.</p><p style=\"text-align: start;\">As at 2.32pm, shares in ThaiBev are trading flat at 65.5 cents.</p></body></html>","source":"lsy1655096814160","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThaiBev Remains Attractively Priced; to Benefit From on Track Tourism Recovery in Thailand: UOBKH\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-10 14:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/capital/brokers-calls/thaibev-remains-attractively-priced-benefit-track-tourism-recovery-thailand><strong>The Edge Singapore</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>UOB Kay Hian analyst Llelleythan Tan is keeping his “buy” call on Thai Beverage (ThaiBev) as Thailand’s tourism recovery remains on track.The food and beverage (F&B) group is a beneficiary of the ...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/brokers-calls/thaibev-remains-attractively-priced-benefit-track-tourism-recovery-thailand\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"Y92.SI":"泰国酿酒"},"source_url":"https://www.theedgesingapore.com/capital/brokers-calls/thaibev-remains-attractively-priced-benefit-track-tourism-recovery-thailand","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151231332","content_text":"UOB Kay Hian analyst Llelleythan Tan is keeping his “buy” call on Thai Beverage (ThaiBev) as Thailand’s tourism recovery remains on track.The food and beverage (F&B) group is a beneficiary of the return of tourists to Thailand. Since Tan’s update in January, the country has seen a spike in tourists from China, which is in line with his earlier expectations.In January and February, Thailand saw 91,841 and 155,656 Chinese tourists respectively, up by 28.5 times y-o-y and 30.8 times y-o-y.“Moving forward, we reckon that Chinese tourist arrivals would continue its upward momentum throughout 2023, given that February arrivals were only at 15% of pre-Covid-19 levels,” says Tan.While there was a slight dip in overall tourist arrivals in February at 2.11 million visitors or down 1.5% m-o-m, Tan attributes this to seasonal factors. In his view, tourist arrivals are expected to continue improving in 2023.“Thailand’s tourism council expects 25 million – 30 million tourists in 2023. Similarly, we now expect 28 million to 30 million tourist arrivals in 2023, roughly 70% - 75% of the 40 million arrivals before the pandemic,” he writes.On the recovery in Thailand’s tourism numbers, Tan expects ThaiBev’s spirits ebitda to grow by 8% to 10% y-o-y in the 2QFY2023. The analyst attributes this to the expected higher volumes for its brown spirits, which enjoy higher average selling prices (ASPs), as well as higher ebitda margin assumptions as raw material prices are expected to soften. However, the analyst notes that his forecasts may face potential downsides on the back of higher-than-expected operating costs and lower-than-expected white spirits volumes.Meanwhile, the analyst expects ThaiBev’s beer ebitda to fall by 15% to 16% y-o-y in the 2QFY2023 as he expects margin compressions to continue as competition within the domestic beer industry heats up. That said, better-than-expected cost management may reflect an upside to Tan’s estimates.Tan also expects ThaiBev’s 2QFY2023 ebitda for the non-alcoholic beverages (NAB) segment to fall by around 20% y-o-y as ebitda margins are expected to compress from higher marketing activities and an overall inflationary cost push. While the group’s food segment faces the same issues, the analyst is expecting it to report a 10% y-o-y growth in its 2QFY2023 ebitda due to the low base in the 2QFY2022.Overall, the analyst is estimating ThaiBev’s revenue for the 1HFY2023 to grow by 6% to 8% y-o-y backed by higher revenue contributions from the brown spirits, beer, NAB and food segments.At the same time, however, he expects its ebitda for the 1HFY2023 to fall by 8% to 10% y-o-y, which implies ebitda margins of 16.6% compared with the margins of 19.8% in the 1HFY2022. Again, Tan sees potential upside in the form of better-than-expected cost management.At its current price levels, Tan says ThaiBev remains “attractively priced” at below -1.0 standard deviation (s.d.) to ThaiBev’s long-term average mean P/E and backed by favourable tailwinds.That said, the analyst has lowered his target price to 78 cents from 80 cents previously due to lower market valuations for its Frasers Property and Fraser and Neave stakes, along with a stronger Singapore dollar (SGD).To him, share price catalysts include the group gaining market share in the beer segment, the spin-off listing of BeerCo and lower-than-expected operating costs.As at 2.32pm, shares in ThaiBev are trading flat at 65.5 cents.","news_type":1},"isVote":1,"tweetType":1,"viewCount":162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987124575,"gmtCreate":1667862047198,"gmtModify":1676537974111,"author":{"id":"3576153096238753","authorId":"3576153096238753","name":"Weew","avatar":"https://static.tigerbbs.com/3df5d41a401eea8169ee5f289060cd29","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3576153096238753","authorIdStr":"3576153096238753"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987124575","repostId":"1103032062","repostType":4,"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987124166,"gmtCreate":1667862009056,"gmtModify":1676537974103,"author":{"id":"3576153096238753","authorId":"3576153096238753","name":"Weew","avatar":"https://static.tigerbbs.com/3df5d41a401eea8169ee5f289060cd29","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3576153096238753","authorIdStr":"3576153096238753"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987124166","repostId":"1118668410","repostType":4,"isVote":1,"tweetType":1,"viewCount":237,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":234415764389896,"gmtCreate":1698276224162,"gmtModify":1698285362852,"author":{"id":"3576153096238753","authorId":"3576153096238753","name":"Weew","avatar":"https://static.tigerbbs.com/3df5d41a401eea8169ee5f289060cd29","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3576153096238753","authorIdStr":"3576153096238753"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/234415764389896","repostId":"234296783777992","repostType":1,"repost":{"id":234296783777992,"gmtCreate":1698210309303,"gmtModify":1698223714410,"author":{"id":"3566532164444643","authorId":"3566532164444643","name":"ZEROHERO","avatar":"https://static.tigerbbs.com/62813b6df1c4722e559d112fadd5486a","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3566532164444643","authorIdStr":"3566532164444643"},"themes":[],"title":"MSFT Up, GOOG Down! META & AMZN Next 🙏","htmlText":"45% gain from taking calls on QQQ, SPX &amp; SPY as highlighted in sharing my trade idea yesterday. ⚠️ Trading tips: looking at QQQ calls above 359 and puts below 356 on Wednesday. 356-357 could be an opportunity to dip buy into the close awaiting earnings for META mirroring yesterday. Not financial advice 🤫 Don’t say never say 🤗 ✅ Microsoft&nbsp;posted its strongest sales gain in six quarters, bolstered by recovering cloud-computing growth amid demand for new artificial intelligence products. Shares jumped 4% in post-market trading. 🤩 ❌ Alphabet&nbsp;reported revenue and profit from its cloud business that missed analysts’ estimates, raising concerns about the company’s position in a market that is critical to its future growth. Its shares fell 7% after hours. 😨 ⁉️ Meta&nbsp;was sued by C","listText":"45% gain from taking calls on QQQ, SPX &amp; SPY as highlighted in sharing my trade idea yesterday. ⚠️ Trading tips: looking at QQQ calls above 359 and puts below 356 on Wednesday. 356-357 could be an opportunity to dip buy into the close awaiting earnings for META mirroring yesterday. Not financial advice 🤫 Don’t say never say 🤗 ✅ Microsoft&nbsp;posted its strongest sales gain in six quarters, bolstered by recovering cloud-computing growth amid demand for new artificial intelligence products. Shares jumped 4% in post-market trading. 🤩 ❌ Alphabet&nbsp;reported revenue and profit from its cloud business that missed analysts’ estimates, raising concerns about the company’s position in a market that is critical to its future growth. Its shares fell 7% after hours. 😨 ⁉️ Meta&nbsp;was sued by C","text":"45% gain from taking calls on QQQ, SPX & SPY as highlighted in sharing my trade idea yesterday. ⚠️ Trading tips: looking at QQQ calls above 359 and puts below 356 on Wednesday. 356-357 could be an opportunity to dip buy into the close awaiting earnings for META mirroring yesterday. Not financial advice 🤫 Don’t say never say 🤗 ✅ Microsoft posted its strongest sales gain in six quarters, bolstered by recovering cloud-computing growth amid demand for new artificial intelligence products. Shares jumped 4% in post-market trading. 🤩 ❌ Alphabet reported revenue and profit from its cloud business that missed analysts’ estimates, raising concerns about the company’s position in a market that is critical to its future growth. Its shares fell 7% after hours. 😨 ⁉️ Meta was sued by C","images":[{"img":"https://community-static.tradeup.com/news/47afe4ddc6ce3dbfb85d2e72e220a44e","width":"1284","height":"1285"},{"img":"https://community-static.tradeup.com/news/10fa62f9695b7a17cdfa8db04e790b78","width":"624","height":"467"},{"img":"https://community-static.tradeup.com/news/f5e624de5efc2df14567c561236be6c6","width":"730","height":"303"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/234296783777992","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":7,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9942140329,"gmtCreate":1681169402862,"gmtModify":1681177577489,"author":{"id":"3576153096238753","authorId":"3576153096238753","name":"Weew","avatar":"https://static.tigerbbs.com/3df5d41a401eea8169ee5f289060cd29","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3576153096238753","authorIdStr":"3576153096238753"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942140329","repostId":"1151231332","repostType":4,"repost":{"id":"1151231332","pubTimestamp":1681109102,"share":"https://ttm.financial/m/news/1151231332?lang=&edition=fundamental","pubTime":"2023-04-10 14:45","market":"sg","language":"en","title":"ThaiBev Remains Attractively Priced; to Benefit From on Track Tourism Recovery in Thailand: UOBKH","url":"https://stock-news.laohu8.com/highlight/detail?id=1151231332","media":"The Edge Singapore","summary":"UOB Kay Hian analyst Llelleythan Tan is keeping his “buy” call on Thai Beverage (ThaiBev) as Thailan","content":"<html><head></head><body><p>UOB Kay Hian analyst Llelleythan Tan is keeping his “buy” call on Thai Beverage (ThaiBev)<strong> </strong>as Thailand’s tourism recovery remains on track.</p><p style=\"text-align: start;\">The food and beverage (F&amp;B) group is a beneficiary of the return of tourists to Thailand. Since Tan’s update in January, the country has seen a spike in tourists from China, which is in line with his earlier expectations.</p><p style=\"text-align: start;\">In January and February, Thailand saw 91,841 and 155,656 Chinese tourists respectively, up by 28.5 times y-o-y and 30.8 times y-o-y.</p><p style=\"text-align: start;\">“Moving forward, we reckon that Chinese tourist arrivals would continue its upward momentum throughout 2023, given that February arrivals were only at 15% of pre-Covid-19 levels,” says Tan.</p><p style=\"text-align: start;\">While there was a slight dip in overall tourist arrivals in February at 2.11 million visitors or down 1.5% m-o-m, Tan attributes this to seasonal factors. In his view, tourist arrivals are expected to continue improving in 2023.</p><p style=\"text-align: start;\">“Thailand’s tourism council expects 25 million – 30 million tourists in 2023. Similarly, we now expect 28 million to 30 million tourist arrivals in 2023, roughly 70% - 75% of the 40 million arrivals before the pandemic,” he writes.</p><p>On the recovery in Thailand’s tourism numbers, Tan expects ThaiBev’s spirits ebitda to grow by 8% to 10% y-o-y in the 2QFY2023. The analyst attributes this to the expected higher volumes for its brown spirits, which enjoy higher average selling prices (ASPs), as well as higher ebitda margin assumptions as raw material prices are expected to soften. However, the analyst notes that his forecasts may face potential downsides on the back of higher-than-expected operating costs and lower-than-expected white spirits volumes.</p><p style=\"text-align: start;\">Meanwhile, the analyst expects ThaiBev’s beer ebitda to fall by 15% to 16% y-o-y in the 2QFY2023 as he expects margin compressions to continue as competition within the domestic beer industry heats up. That said, better-than-expected cost management may reflect an upside to Tan’s estimates.</p><p style=\"text-align: start;\">Tan also expects ThaiBev’s 2QFY2023 ebitda for the non-alcoholic beverages (NAB) segment to fall by around 20% y-o-y as ebitda margins are expected to compress from higher marketing activities and an overall inflationary cost push. While the group’s food segment faces the same issues, the analyst is expecting it to report a 10% y-o-y growth in its 2QFY2023 ebitda due to the low base in the 2QFY2022.</p><p>Overall, the analyst is estimating ThaiBev’s revenue for the 1HFY2023 to grow by 6% to 8% y-o-y backed by higher revenue contributions from the brown spirits, beer, NAB and food segments.</p><p style=\"text-align: start;\">At the same time, however, he expects its ebitda for the 1HFY2023 to fall by 8% to 10% y-o-y, which implies ebitda margins of 16.6% compared with the margins of 19.8% in the 1HFY2022. Again, Tan sees potential upside in the form of better-than-expected cost management.</p><p style=\"text-align: start;\">At its current price levels, Tan says ThaiBev remains “attractively priced” at below -1.0 standard deviation (s.d.) to ThaiBev’s long-term average mean P/E and backed by favourable tailwinds.</p><p style=\"text-align: start;\">That said, the analyst has lowered his target price to 78 cents from 80 cents previously due to lower market valuations for its Frasers Property and Fraser and Neave stakes, along with a stronger Singapore dollar (SGD).</p><p style=\"text-align: start;\">To him, share price catalysts include the group gaining market share in the beer segment, the spin-off listing of BeerCo and lower-than-expected operating costs.</p><p style=\"text-align: start;\">As at 2.32pm, shares in ThaiBev are trading flat at 65.5 cents.</p></body></html>","source":"lsy1655096814160","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ThaiBev Remains Attractively Priced; to Benefit From on Track Tourism Recovery in Thailand: UOBKH</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThaiBev Remains Attractively Priced; to Benefit From on Track Tourism Recovery in Thailand: UOBKH\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-10 14:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/capital/brokers-calls/thaibev-remains-attractively-priced-benefit-track-tourism-recovery-thailand><strong>The Edge Singapore</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>UOB Kay Hian analyst Llelleythan Tan is keeping his “buy” call on Thai Beverage (ThaiBev) as Thailand’s tourism recovery remains on track.The food and beverage (F&B) group is a beneficiary of the ...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/brokers-calls/thaibev-remains-attractively-priced-benefit-track-tourism-recovery-thailand\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"Y92.SI":"泰国酿酒"},"source_url":"https://www.theedgesingapore.com/capital/brokers-calls/thaibev-remains-attractively-priced-benefit-track-tourism-recovery-thailand","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151231332","content_text":"UOB Kay Hian analyst Llelleythan Tan is keeping his “buy” call on Thai Beverage (ThaiBev) as Thailand’s tourism recovery remains on track.The food and beverage (F&B) group is a beneficiary of the return of tourists to Thailand. Since Tan’s update in January, the country has seen a spike in tourists from China, which is in line with his earlier expectations.In January and February, Thailand saw 91,841 and 155,656 Chinese tourists respectively, up by 28.5 times y-o-y and 30.8 times y-o-y.“Moving forward, we reckon that Chinese tourist arrivals would continue its upward momentum throughout 2023, given that February arrivals were only at 15% of pre-Covid-19 levels,” says Tan.While there was a slight dip in overall tourist arrivals in February at 2.11 million visitors or down 1.5% m-o-m, Tan attributes this to seasonal factors. In his view, tourist arrivals are expected to continue improving in 2023.“Thailand’s tourism council expects 25 million – 30 million tourists in 2023. Similarly, we now expect 28 million to 30 million tourist arrivals in 2023, roughly 70% - 75% of the 40 million arrivals before the pandemic,” he writes.On the recovery in Thailand’s tourism numbers, Tan expects ThaiBev’s spirits ebitda to grow by 8% to 10% y-o-y in the 2QFY2023. The analyst attributes this to the expected higher volumes for its brown spirits, which enjoy higher average selling prices (ASPs), as well as higher ebitda margin assumptions as raw material prices are expected to soften. However, the analyst notes that his forecasts may face potential downsides on the back of higher-than-expected operating costs and lower-than-expected white spirits volumes.Meanwhile, the analyst expects ThaiBev’s beer ebitda to fall by 15% to 16% y-o-y in the 2QFY2023 as he expects margin compressions to continue as competition within the domestic beer industry heats up. That said, better-than-expected cost management may reflect an upside to Tan’s estimates.Tan also expects ThaiBev’s 2QFY2023 ebitda for the non-alcoholic beverages (NAB) segment to fall by around 20% y-o-y as ebitda margins are expected to compress from higher marketing activities and an overall inflationary cost push. While the group’s food segment faces the same issues, the analyst is expecting it to report a 10% y-o-y growth in its 2QFY2023 ebitda due to the low base in the 2QFY2022.Overall, the analyst is estimating ThaiBev’s revenue for the 1HFY2023 to grow by 6% to 8% y-o-y backed by higher revenue contributions from the brown spirits, beer, NAB and food segments.At the same time, however, he expects its ebitda for the 1HFY2023 to fall by 8% to 10% y-o-y, which implies ebitda margins of 16.6% compared with the margins of 19.8% in the 1HFY2022. Again, Tan sees potential upside in the form of better-than-expected cost management.At its current price levels, Tan says ThaiBev remains “attractively priced” at below -1.0 standard deviation (s.d.) to ThaiBev’s long-term average mean P/E and backed by favourable tailwinds.That said, the analyst has lowered his target price to 78 cents from 80 cents previously due to lower market valuations for its Frasers Property and Fraser and Neave stakes, along with a stronger Singapore dollar (SGD).To him, share price catalysts include the group gaining market share in the beer segment, the spin-off listing of BeerCo and lower-than-expected operating costs.As at 2.32pm, shares in ThaiBev are trading flat at 65.5 cents.","news_type":1},"isVote":1,"tweetType":1,"viewCount":162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987124575,"gmtCreate":1667862047198,"gmtModify":1676537974111,"author":{"id":"3576153096238753","authorId":"3576153096238753","name":"Weew","avatar":"https://static.tigerbbs.com/3df5d41a401eea8169ee5f289060cd29","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3576153096238753","authorIdStr":"3576153096238753"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987124575","repostId":"1103032062","repostType":4,"repost":{"id":"1103032062","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1667834370,"share":"https://ttm.financial/m/news/1103032062?lang=&edition=fundamental","pubTime":"2022-11-07 23:19","market":"us","language":"en","title":"Top Calls on Wall Street: Apple, Tesla, Berkshire, Sea, Walmart, Costco and More","url":"https://stock-news.laohu8.com/highlight/detail?id=1103032062","media":"Tiger Newspress","summary":"Here are Monday’s biggest calls on Wall Street:Wells Fargo downgrades Costco to equal weight from ov","content":"<html><head></head><body><p>Here are Monday’s biggest calls on Wall Street:</p><h2>Wells Fargo downgrades Costco to equal weight from overweight</h2><p>Wells said Costco is a “high quality” stock but that it sees a growing number of hurdles</p><blockquote>“We also are wary of how COST cycles the recent period of historic EBIT margin expansion given its typical stability and customer-first reputation. In the end, we see more risk to consensus estimates going forward than upside potential, not a good set-up for this name given its valuation.”</blockquote><h2>Bank of America reiterates Synchrony as buy</h2><p>Bank of America said the financial services company is a “hidden” beneficiary of the PayPal-Apple partnership.</p><blockquote>“Last week, PayPal announced it was enhancing its offerings, including enabling U.S. customers to add their PayPal and Venmo cards to Apple Wallets next year and to use them wherever Apple Pay is accepted. ... .We have long highlighted SYF’s enviable merchant partner roster which includes many leading digital and physical retailers.”</blockquote><h2>Morgan Stanley resumes AIG as overweight</h2><p>Morgan Stanley resumed coverage of the insurance company and said it has a strong franchise.</p><blockquote>“We view AIG’s P&amp;C business as one of the strongest franchises in the industry, and expect the shares to earn a higher multiple over time now that the company has moved to become a more pure-play P&amp;C carrier with the spin-off of its Life &amp; Retirement business, Corebridge.”</blockquote><h2>Bank of America downgrades Funko to neutral from buy</h2><p>Bank of America said in its downgrade ofFunkothat it sees a “challenging” holiday for the toy company.</p><blockquote>“We expect continued headwinds in top line revenue thru 1H given continued risks from retailer destocking. However, we believe gross margins should sequentially accelerate on price increases on exclusive lines &amp; other products, and benefit from lower freight rates.”</blockquote><h2>Atlantic Equities upgrades S&amp;P Global to overweight from neutral</h2><p>Atlantic Equities said the global markets company is “high quality.”</p><blockquote>“Following 3Q22 results, we are upgradingS&amp;P Globalto Overweight due to its improved valuation, diversified and high-quality business, self-help opportunities, and supportive capital return program.”</blockquote><h2>Oppenheimer upgrades DoorDash to outperform from perform</h2><p>Oppenheimer said it sees improving margins for the food delivery company.</p><blockquote>“We are upgrading DASH to Outperform from Perform and establishing a 12-18 month price target of $70. Increased disclosure shows improving US restaurant margins, and we’re now able to size Int’l. and US non-restaurant losses.”</blockquote><h2>Oppenheimer downgrades Redfin to underperform from perform</h2><p>Oppenheimer said in its downgrade of the online housing company that it’s business model is flawed.</p><blockquote>“We believe Redfin’s core business is fundamentally flawed with fixed-cost model for agents vs. 100% commission for industry.”</blockquote><h2>Deutsche Bank initiates Planet Labs as a buy</h2><p>Deutsche said in its initiation of the space satellite company that it sees “substantial revenue” opportunities.</p><blockquote>“Our positive stance on EO (earth observation) companies is in part due to them not falling prey to these qualities. Planet and BlackSky are both generating substantial revenue now and have visibility toward future growth similar to software companies.”</blockquote><h2>Citi opens a positive catalyst watch on Liberty SiriusXM</h2><p>Citi said it’s bullish on the media company heading into its analyst day.</p><blockquote>“Liberty Media is hosting an Investor Day on November 17th. We are opening a positive Catalyst Watch on LSXMA, as we believe Liberty may announce one or more steps to narrow the 37% discount to NAV.”</blockquote><h2>Morgan Stanley initiates Boston Beer as underweight</h2><p>Morgan Stanley said in its initiation of Boston Beer that it’s concerned about growth prospects.</p><blockquote>“Initiate coverage at UW due to downside to both ’23/24 consensus and LT growth expectations based on continued declines in malt-based hard seltzers and a dizzying array of new competition in the broader beyond beer space.”</blockquote><h2>UBS reiterates Berkshire Hathaway as a buy</h2><p>UBS said shares of Berkshire represent a “meaningful discount to intrinsic value” after the company’s earnings report on Saturday.</p><blockquote>“Share buyback is dependent on whether Buffett and Munger believe BRK’s shares are trading at a big enough discount to its intrinsic value and other uses of cash.”</blockquote><h2>Bernstein reiterates Apple as equal weight</h2><p>Bernstein said Apple estimates may be too high after Apple warned of supply chain challenges on Sunday.</p><blockquote>“Accordingly, yesterday’s announcement may reflect increased concern that current estimates are too high, though it is unclear if it is all attributable to incremental production challenges.”</blockquote><h2>Guggenheim upgrades Okta to buy from neutral</h2><p>Guggenheim said Okta’s stock is “too compelling to ignore”</p><blockquote>“While we recognize the company is facing challenges that could take several quarters to effectively address, we find current valuation levels too compelling to ignore.”</blockquote><h2>Bank of America reiterates Northrop Grumman as a top pick</h2><p>Bank of America said the company has a “best in class” space business.</p><blockquote>“As we highlighted in our 4Q22 top picks note, Northrop Grumman is the top beneficiary of the focus on space.”</blockquote><h2>Wolfe initiates Splunk as outperform</h2><p>Wolfe said in its initiation of the software company that shares are attractive.</p><blockquote>“Look, we get it. Splunk has a lot of things going against it: pricing, competition, product fit, high-ticket item during a weakening macro, new CEO, no CFO, and a black box model that provides little conviction in numbers.”</blockquote><h2>Berenberg downgrades Estee Lauder to hold from buy</h2><p>Berenberg said it has limited visibilty on the stock. visibility.</p><blockquote>“While we recognise FY 2023 could mark the trough inEstée Lauder’s earnings in the current cycle, we do not have enough visibility on the timing and pace of a recovery to support a Buy rating on the stock.”</blockquote><h2>Northcoast downgrades Papa John’s to neutral from buy</h2><p>Northcoast said it sees “increasingly difficult” sales and earnings momentum.</p><blockquote>“Though encouraged by the turn-aroundPapa John’snew management team implemented in 2019 and through the pandemic, we believe sales and earnings momentum will be increasingly difficult to generate going forward.”</blockquote><h2>Canaccord reiterates Tesla as a buy</h2><p>Canaccord said “autonomy” will be a key differentiator for Tesla.</p><blockquote>“This element of autonomy is a main driving force behind our view that it is a key contributing technology to a sustainable future.”</blockquote><h2>JPMorgan upgrades Sea Limited to overweight from neutral</h2><p>JPMorgan said in its upgrade of the Singapore tech company that it it sees a “swift” improvement in profitability.</p><blockquote>“SE’s urgency to achieve self-sufficiency and be cash flow positive supports positive earnings revisions, while the stock is pricing-in concerns regarding its ability to monetize and reduce losses.”</blockquote><h2>Oppenheimer reiterates Walmart as buy</h2><p>Oppenheimer said investors should buy the dip heading into Walmart earnings next week.</p><blockquote>“Looking forward, we believe the defensive attributes of the WMT business model, grocery share gains, growing contributions from alternative revenue streams, and easy comparisons support an outperformance case from here.WMTshares have generally struggled on recent prints, and we would take advantage of any such dips.”</blockquote></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Calls on Wall Street: Apple, Tesla, Berkshire, Sea, Walmart, Costco and More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Calls on Wall Street: Apple, Tesla, Berkshire, Sea, Walmart, Costco and More\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-11-07 23:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Here are Monday’s biggest calls on Wall Street:</p><h2>Wells Fargo downgrades Costco to equal weight from overweight</h2><p>Wells said Costco is a “high quality” stock but that it sees a growing number of hurdles</p><blockquote>“We also are wary of how COST cycles the recent period of historic EBIT margin expansion given its typical stability and customer-first reputation. In the end, we see more risk to consensus estimates going forward than upside potential, not a good set-up for this name given its valuation.”</blockquote><h2>Bank of America reiterates Synchrony as buy</h2><p>Bank of America said the financial services company is a “hidden” beneficiary of the PayPal-Apple partnership.</p><blockquote>“Last week, PayPal announced it was enhancing its offerings, including enabling U.S. customers to add their PayPal and Venmo cards to Apple Wallets next year and to use them wherever Apple Pay is accepted. ... .We have long highlighted SYF’s enviable merchant partner roster which includes many leading digital and physical retailers.”</blockquote><h2>Morgan Stanley resumes AIG as overweight</h2><p>Morgan Stanley resumed coverage of the insurance company and said it has a strong franchise.</p><blockquote>“We view AIG’s P&amp;C business as one of the strongest franchises in the industry, and expect the shares to earn a higher multiple over time now that the company has moved to become a more pure-play P&amp;C carrier with the spin-off of its Life &amp; Retirement business, Corebridge.”</blockquote><h2>Bank of America downgrades Funko to neutral from buy</h2><p>Bank of America said in its downgrade ofFunkothat it sees a “challenging” holiday for the toy company.</p><blockquote>“We expect continued headwinds in top line revenue thru 1H given continued risks from retailer destocking. However, we believe gross margins should sequentially accelerate on price increases on exclusive lines &amp; other products, and benefit from lower freight rates.”</blockquote><h2>Atlantic Equities upgrades S&amp;P Global to overweight from neutral</h2><p>Atlantic Equities said the global markets company is “high quality.”</p><blockquote>“Following 3Q22 results, we are upgradingS&amp;P Globalto Overweight due to its improved valuation, diversified and high-quality business, self-help opportunities, and supportive capital return program.”</blockquote><h2>Oppenheimer upgrades DoorDash to outperform from perform</h2><p>Oppenheimer said it sees improving margins for the food delivery company.</p><blockquote>“We are upgrading DASH to Outperform from Perform and establishing a 12-18 month price target of $70. Increased disclosure shows improving US restaurant margins, and we’re now able to size Int’l. and US non-restaurant losses.”</blockquote><h2>Oppenheimer downgrades Redfin to underperform from perform</h2><p>Oppenheimer said in its downgrade of the online housing company that it’s business model is flawed.</p><blockquote>“We believe Redfin’s core business is fundamentally flawed with fixed-cost model for agents vs. 100% commission for industry.”</blockquote><h2>Deutsche Bank initiates Planet Labs as a buy</h2><p>Deutsche said in its initiation of the space satellite company that it sees “substantial revenue” opportunities.</p><blockquote>“Our positive stance on EO (earth observation) companies is in part due to them not falling prey to these qualities. Planet and BlackSky are both generating substantial revenue now and have visibility toward future growth similar to software companies.”</blockquote><h2>Citi opens a positive catalyst watch on Liberty SiriusXM</h2><p>Citi said it’s bullish on the media company heading into its analyst day.</p><blockquote>“Liberty Media is hosting an Investor Day on November 17th. We are opening a positive Catalyst Watch on LSXMA, as we believe Liberty may announce one or more steps to narrow the 37% discount to NAV.”</blockquote><h2>Morgan Stanley initiates Boston Beer as underweight</h2><p>Morgan Stanley said in its initiation of Boston Beer that it’s concerned about growth prospects.</p><blockquote>“Initiate coverage at UW due to downside to both ’23/24 consensus and LT growth expectations based on continued declines in malt-based hard seltzers and a dizzying array of new competition in the broader beyond beer space.”</blockquote><h2>UBS reiterates Berkshire Hathaway as a buy</h2><p>UBS said shares of Berkshire represent a “meaningful discount to intrinsic value” after the company’s earnings report on Saturday.</p><blockquote>“Share buyback is dependent on whether Buffett and Munger believe BRK’s shares are trading at a big enough discount to its intrinsic value and other uses of cash.”</blockquote><h2>Bernstein reiterates Apple as equal weight</h2><p>Bernstein said Apple estimates may be too high after Apple warned of supply chain challenges on Sunday.</p><blockquote>“Accordingly, yesterday’s announcement may reflect increased concern that current estimates are too high, though it is unclear if it is all attributable to incremental production challenges.”</blockquote><h2>Guggenheim upgrades Okta to buy from neutral</h2><p>Guggenheim said Okta’s stock is “too compelling to ignore”</p><blockquote>“While we recognize the company is facing challenges that could take several quarters to effectively address, we find current valuation levels too compelling to ignore.”</blockquote><h2>Bank of America reiterates Northrop Grumman as a top pick</h2><p>Bank of America said the company has a “best in class” space business.</p><blockquote>“As we highlighted in our 4Q22 top picks note, Northrop Grumman is the top beneficiary of the focus on space.”</blockquote><h2>Wolfe initiates Splunk as outperform</h2><p>Wolfe said in its initiation of the software company that shares are attractive.</p><blockquote>“Look, we get it. Splunk has a lot of things going against it: pricing, competition, product fit, high-ticket item during a weakening macro, new CEO, no CFO, and a black box model that provides little conviction in numbers.”</blockquote><h2>Berenberg downgrades Estee Lauder to hold from buy</h2><p>Berenberg said it has limited visibilty on the stock. visibility.</p><blockquote>“While we recognise FY 2023 could mark the trough inEstée Lauder’s earnings in the current cycle, we do not have enough visibility on the timing and pace of a recovery to support a Buy rating on the stock.”</blockquote><h2>Northcoast downgrades Papa John’s to neutral from buy</h2><p>Northcoast said it sees “increasingly difficult” sales and earnings momentum.</p><blockquote>“Though encouraged by the turn-aroundPapa John’snew management team implemented in 2019 and through the pandemic, we believe sales and earnings momentum will be increasingly difficult to generate going forward.”</blockquote><h2>Canaccord reiterates Tesla as a buy</h2><p>Canaccord said “autonomy” will be a key differentiator for Tesla.</p><blockquote>“This element of autonomy is a main driving force behind our view that it is a key contributing technology to a sustainable future.”</blockquote><h2>JPMorgan upgrades Sea Limited to overweight from neutral</h2><p>JPMorgan said in its upgrade of the Singapore tech company that it it sees a “swift” improvement in profitability.</p><blockquote>“SE’s urgency to achieve self-sufficiency and be cash flow positive supports positive earnings revisions, while the stock is pricing-in concerns regarding its ability to monetize and reduce losses.”</blockquote><h2>Oppenheimer reiterates Walmart as buy</h2><p>Oppenheimer said investors should buy the dip heading into Walmart earnings next week.</p><blockquote>“Looking forward, we believe the defensive attributes of the WMT business model, grocery share gains, growing contributions from alternative revenue streams, and easy comparisons support an outperformance case from here.WMTshares have generally struggled on recent prints, and we would take advantage of any such dips.”</blockquote></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103032062","content_text":"Here are Monday’s biggest calls on Wall Street:Wells Fargo downgrades Costco to equal weight from overweightWells said Costco is a “high quality” stock but that it sees a growing number of hurdles“We also are wary of how COST cycles the recent period of historic EBIT margin expansion given its typical stability and customer-first reputation. In the end, we see more risk to consensus estimates going forward than upside potential, not a good set-up for this name given its valuation.”Bank of America reiterates Synchrony as buyBank of America said the financial services company is a “hidden” beneficiary of the PayPal-Apple partnership.“Last week, PayPal announced it was enhancing its offerings, including enabling U.S. customers to add their PayPal and Venmo cards to Apple Wallets next year and to use them wherever Apple Pay is accepted. ... .We have long highlighted SYF’s enviable merchant partner roster which includes many leading digital and physical retailers.”Morgan Stanley resumes AIG as overweightMorgan Stanley resumed coverage of the insurance company and said it has a strong franchise.“We view AIG’s P&C business as one of the strongest franchises in the industry, and expect the shares to earn a higher multiple over time now that the company has moved to become a more pure-play P&C carrier with the spin-off of its Life & Retirement business, Corebridge.”Bank of America downgrades Funko to neutral from buyBank of America said in its downgrade ofFunkothat it sees a “challenging” holiday for the toy company.“We expect continued headwinds in top line revenue thru 1H given continued risks from retailer destocking. However, we believe gross margins should sequentially accelerate on price increases on exclusive lines & other products, and benefit from lower freight rates.”Atlantic Equities upgrades S&P Global to overweight from neutralAtlantic Equities said the global markets company is “high quality.”“Following 3Q22 results, we are upgradingS&P Globalto Overweight due to its improved valuation, diversified and high-quality business, self-help opportunities, and supportive capital return program.”Oppenheimer upgrades DoorDash to outperform from performOppenheimer said it sees improving margins for the food delivery company.“We are upgrading DASH to Outperform from Perform and establishing a 12-18 month price target of $70. Increased disclosure shows improving US restaurant margins, and we’re now able to size Int’l. and US non-restaurant losses.”Oppenheimer downgrades Redfin to underperform from performOppenheimer said in its downgrade of the online housing company that it’s business model is flawed.“We believe Redfin’s core business is fundamentally flawed with fixed-cost model for agents vs. 100% commission for industry.”Deutsche Bank initiates Planet Labs as a buyDeutsche said in its initiation of the space satellite company that it sees “substantial revenue” opportunities.“Our positive stance on EO (earth observation) companies is in part due to them not falling prey to these qualities. Planet and BlackSky are both generating substantial revenue now and have visibility toward future growth similar to software companies.”Citi opens a positive catalyst watch on Liberty SiriusXMCiti said it’s bullish on the media company heading into its analyst day.“Liberty Media is hosting an Investor Day on November 17th. We are opening a positive Catalyst Watch on LSXMA, as we believe Liberty may announce one or more steps to narrow the 37% discount to NAV.”Morgan Stanley initiates Boston Beer as underweightMorgan Stanley said in its initiation of Boston Beer that it’s concerned about growth prospects.“Initiate coverage at UW due to downside to both ’23/24 consensus and LT growth expectations based on continued declines in malt-based hard seltzers and a dizzying array of new competition in the broader beyond beer space.”UBS reiterates Berkshire Hathaway as a buyUBS said shares of Berkshire represent a “meaningful discount to intrinsic value” after the company’s earnings report on Saturday.“Share buyback is dependent on whether Buffett and Munger believe BRK’s shares are trading at a big enough discount to its intrinsic value and other uses of cash.”Bernstein reiterates Apple as equal weightBernstein said Apple estimates may be too high after Apple warned of supply chain challenges on Sunday.“Accordingly, yesterday’s announcement may reflect increased concern that current estimates are too high, though it is unclear if it is all attributable to incremental production challenges.”Guggenheim upgrades Okta to buy from neutralGuggenheim said Okta’s stock is “too compelling to ignore”“While we recognize the company is facing challenges that could take several quarters to effectively address, we find current valuation levels too compelling to ignore.”Bank of America reiterates Northrop Grumman as a top pickBank of America said the company has a “best in class” space business.“As we highlighted in our 4Q22 top picks note, Northrop Grumman is the top beneficiary of the focus on space.”Wolfe initiates Splunk as outperformWolfe said in its initiation of the software company that shares are attractive.“Look, we get it. Splunk has a lot of things going against it: pricing, competition, product fit, high-ticket item during a weakening macro, new CEO, no CFO, and a black box model that provides little conviction in numbers.”Berenberg downgrades Estee Lauder to hold from buyBerenberg said it has limited visibilty on the stock. visibility.“While we recognise FY 2023 could mark the trough inEstée Lauder’s earnings in the current cycle, we do not have enough visibility on the timing and pace of a recovery to support a Buy rating on the stock.”Northcoast downgrades Papa John’s to neutral from buyNorthcoast said it sees “increasingly difficult” sales and earnings momentum.“Though encouraged by the turn-aroundPapa John’snew management team implemented in 2019 and through the pandemic, we believe sales and earnings momentum will be increasingly difficult to generate going forward.”Canaccord reiterates Tesla as a buyCanaccord said “autonomy” will be a key differentiator for Tesla.“This element of autonomy is a main driving force behind our view that it is a key contributing technology to a sustainable future.”JPMorgan upgrades Sea Limited to overweight from neutralJPMorgan said in its upgrade of the Singapore tech company that it it sees a “swift” improvement in profitability.“SE’s urgency to achieve self-sufficiency and be cash flow positive supports positive earnings revisions, while the stock is pricing-in concerns regarding its ability to monetize and reduce losses.”Oppenheimer reiterates Walmart as buyOppenheimer said investors should buy the dip heading into Walmart earnings next week.“Looking forward, we believe the defensive attributes of the WMT business model, grocery share gains, growing contributions from alternative revenue streams, and easy comparisons support an outperformance case from here.WMTshares have generally struggled on recent prints, and we would take advantage of any such dips.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987124166,"gmtCreate":1667862009056,"gmtModify":1676537974103,"author":{"id":"3576153096238753","authorId":"3576153096238753","name":"Weew","avatar":"https://static.tigerbbs.com/3df5d41a401eea8169ee5f289060cd29","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3576153096238753","authorIdStr":"3576153096238753"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987124166","repostId":"1118668410","repostType":4,"repost":{"id":"1118668410","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1667834998,"share":"https://ttm.financial/m/news/1118668410?lang=&edition=fundamental","pubTime":"2022-11-07 23:29","market":"us","language":"en","title":"U.S. Stocks Mixed in Morning Trading; Nasdaq Turned Down While Dow Jones and S&P 500 Rose Less Than 0.5%","url":"https://stock-news.laohu8.com/highlight/detail?id=1118668410","media":"Tiger Newspress","summary":"U.S. stocks mixed in morning trading; Dow Jones jumped 0.48%, S&P 500 rose 0.13% while Nasdaq slid 0","content":"<html><head></head><body><p>U.S. stocks mixed in morning trading; Dow Jones jumped 0.48%, S&amp;P 500 rose 0.13% while Nasdaq slid 0.16%.</p><p><img src=\"https://static.tigerbbs.com/aa5094a83384f44b3187f0a9a9acbffa\" tg-width=\"622\" tg-height=\"108\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stocks Mixed in Morning Trading; Nasdaq Turned Down While Dow Jones and S&P 500 Rose Less Than 0.5%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Stocks Mixed in Morning Trading; Nasdaq Turned Down While Dow Jones and S&P 500 Rose Less Than 0.5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-11-07 23:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stocks mixed in morning trading; Dow Jones jumped 0.48%, S&amp;P 500 rose 0.13% while Nasdaq slid 0.16%.</p><p><img src=\"https://static.tigerbbs.com/aa5094a83384f44b3187f0a9a9acbffa\" tg-width=\"622\" tg-height=\"108\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118668410","content_text":"U.S. stocks mixed in morning trading; Dow Jones jumped 0.48%, S&P 500 rose 0.13% while Nasdaq slid 0.16%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":237,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}