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HarimauJago

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- HarimauJagoHarimauJago
  ·2022-10-15
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  SGX Weekly Review: TSMC Cuts Spending, US Inflation Data and MAS Adjusts its Exchange Rate Policy
  Welcome to the latest edition of top stock market highlights where we cover the latest corporate dev
  SGX Weekly Review: TSMC Cuts Spending, US Inflation Data and MAS Adjusts its Exchange Rate Policy
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- HarimauJagoHarimauJago
  ·2022-07-30
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- HarimauJagoHarimauJago
  ·2021-09-18
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- HarimauJagoHarimauJago
  ·2021-09-08
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  Toshiba Undecided on Privatization Amid Talks With Investors
  Board hasn’t decided on ‘most appropriate course of action’ Troubled conglomerate gives update on it
  Toshiba Undecided on Privatization Amid Talks With Investors
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- HarimauJagoHarimauJago
  ·2021-09-02
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- HarimauJagoHarimauJago
  ·2021-08-26
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Ltd (TPE: 2330)</b></p><p>Taiwan Semiconductor Manufacturing Co., or TSMC, is the world’s largest contract chip manufacturer and also the largest listed company in Taiwan.</p><p>In a sign of possible weakness for the technology industry, TSMC slashed its capital spend target for 2022 by 10%.</p><p>The company now expects to spend around US$36 billion, down from about US$40 billion previously.</p><p>This reduction shows that the world’s largest chip manufacturer is bracing for a slowdown in demand from various sectors such as smartphones, servers, and electric vehicles.</p><p>To make matters worse, the US government had also imposed restrictions on TSMC and its peers from doing business in China.</p><p>These moves are designed to stymie China’s attempts at developing superior technological capabilities as the US views the Middle Kingdom as a credible threat.</p><p>Unfortunately, this protectionist attempt will only serve to exacerbate supply chain disruptions that were already widespread due to the lingering effects of the pandemic.</p><p>TSMC produces microchips for blue-chip global names such as <b>Qualcomm</b>(NASDAQ: QCOM), <b>Apple</b>(NASDAQ: AAPL) and <b>Nvidia</b>(NASDAQ: NVDA).</p><p>Closer to home, the fortunes of companies that are tied to the semiconductor cum electronics sectors may be negatively impacted.</p><p>Some examples are stocks such as electronic component manufacturer <b>Micro-Mechanics (Holdings) Ltd</b> (SGX: 5DD), test-handler <b>AEM Holdings Ltd</b> (SGX: AWX), blue-chip contract manufacturer <b>Venture Corporation Limited</b> (SGX: V03), and semiconductor component manufacturer <b>UMS Holdings Limited</b> (SGX: 558).</p><p><b>US inflation data</b></p><p>Inflation data from the US has never been more closely watched by investors.</p><p>The US Federal Reserve has undertaken three consecutive rate hikes of 0.75 percentage points each to tame runaway inflation that is running at a four-decade high.</p><p>In light of surging interest rates, perhaps the fixation on this economic metric isn’t that surprising after all.</p><p>Unfortunately, US consumer prices rose more than forecast, keeping up the pressure on the central bank to continue raising rates.</p><p>The core consumer price index (CPI) rose 6.6% year on year, the highest since 1982, while the overall CPI climbed 8.2%, albeit falling slightly from the 8.3% logged in August.</p><p>This sobering piece of news, coupled with a jobs report last week that suggested the US economy was strong enough to withstand higher rates, has all but cemented expectations of yet another sharp rate hike when the Federal Reserve meets in early November.</p><p>There may even be a five such increase in December when the central bank meets for the final time this year.</p><p>The current policy rate stands between 3% to 3.25%.</p><p>A November hike of 0.75 percentage points will bring this range to between 3.75% to 4%, and if December sees a fifth consecutive three-quarter percentage point increase, it will bring interest rates to a range of 4.5% to 4.75% by end-2022.</p><p><b>The Monetary Authority of Singapore’s policy shift</b></p><p>Speaking of rate hikes, Singapore’s central bank, the Monetary Authority of Singapore (MAS), is making some moves of its own.</p><p>The MAS announced that it will “re-centre” the mid-point of the SGD nominal effective exchange rate (S$NEER) to its prevailing level.</p><p>This move will reduce imported inflation and help to buffer domestic price pressures.</p><p>Singapore’s central bank has already tweaked monetary policy three times this year, and this fourth move shows its commitment to ensuring price stability.</p><p>Still, core inflation is likely to hover around 5% for the remainder of this year and spill over into early 2023.</p><p>For the whole of next year, core inflation is projected to remain fairly high at between 3.5% to 4.5%.</p><p>The MAS has also warned that events such as geopolitical tensions could result in higher-than-expected inflation and cause some economies to tip into a recession.</p><p>Investors need to brace for a possible recession in Singapore as the country is reliant on external trade and will not be insulated from headwinds should other developed nations witness a downturn.</p><p>If you’re nervous, confused, or worried about buying your first stock, then our latest beginner’s guide to investing can help. It’s easy to read yet packed with valuable insights. Download it for free today, and buy your first stock in the next few hours. Clickhereto get started.</p></body></html>","source":"lsy1602567310727","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>SGX Weekly Review: TSMC Cuts Spending, US Inflation Data and MAS Adjusts its Exchange Rate Policy</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\">\nSGX Weekly Review: TSMC Cuts Spending, US Inflation Data and MAS Adjusts its Exchange Rate Policy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-15 07:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-tsmc-cuts-spending-us-inflation-data-and-mas-adjusts-its-exchange-rate-policy/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights where we cover the latest corporate developments as well as other interesting business news.Taiwan Semiconductor Manufacturing Co. Ltd (TPE...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-tsmc-cuts-spending-us-inflation-data-and-mas-adjusts-its-exchange-rate-policy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-tsmc-cuts-spending-us-inflation-data-and-mas-adjusts-its-exchange-rate-policy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155813758","content_text":"Welcome to the latest edition of top stock market highlights where we cover the latest corporate developments as well as other interesting business news.Taiwan Semiconductor Manufacturing Co. Ltd (TPE: 2330)Taiwan Semiconductor Manufacturing Co., or TSMC, is the world’s largest contract chip manufacturer and also the largest listed company in Taiwan.In a sign of possible weakness for the technology industry, TSMC slashed its capital spend target for 2022 by 10%.The company now expects to spend around US$36 billion, down from about US$40 billion previously.This reduction shows that the world’s largest chip manufacturer is bracing for a slowdown in demand from various sectors such as smartphones, servers, and electric vehicles.To make matters worse, the US government had also imposed restrictions on TSMC and its peers from doing business in China.These moves are designed to stymie China’s attempts at developing superior technological capabilities as the US views the Middle Kingdom as a credible threat.Unfortunately, this protectionist attempt will only serve to exacerbate supply chain disruptions that were already widespread due to the lingering effects of the pandemic.TSMC produces microchips for blue-chip global names such as Qualcomm(NASDAQ: QCOM), Apple(NASDAQ: AAPL) and Nvidia(NASDAQ: NVDA).Closer to home, the fortunes of companies that are tied to the semiconductor cum electronics sectors may be negatively impacted.Some examples are stocks such as electronic component manufacturer Micro-Mechanics (Holdings) Ltd (SGX: 5DD), test-handler AEM Holdings Ltd (SGX: AWX), blue-chip contract manufacturer Venture Corporation Limited (SGX: V03), and semiconductor component manufacturer UMS Holdings Limited (SGX: 558).US inflation dataInflation data from the US has never been more closely watched by investors.The US Federal Reserve has undertaken three consecutive rate hikes of 0.75 percentage points each to tame runaway inflation that is running at a four-decade high.In light of surging interest rates, perhaps the fixation on this economic metric isn’t that surprising after all.Unfortunately, US consumer prices rose more than forecast, keeping up the pressure on the central bank to continue raising rates.The core consumer price index (CPI) rose 6.6% year on year, the highest since 1982, while the overall CPI climbed 8.2%, albeit falling slightly from the 8.3% logged in August.This sobering piece of news, coupled with a jobs report last week that suggested the US economy was strong enough to withstand higher rates, has all but cemented expectations of yet another sharp rate hike when the Federal Reserve meets in early November.There may even be a five such increase in December when the central bank meets for the final time this year.The current policy rate stands between 3% to 3.25%.A November hike of 0.75 percentage points will bring this range to between 3.75% to 4%, and if December sees a fifth consecutive three-quarter percentage point increase, it will bring interest rates to a range of 4.5% to 4.75% by end-2022.The Monetary Authority of Singapore’s policy shiftSpeaking of rate hikes, Singapore’s central bank, the Monetary Authority of Singapore (MAS), is making some moves of its own.The MAS announced that it will “re-centre” the mid-point of the SGD nominal effective exchange rate (S$NEER) to its prevailing level.This move will reduce imported inflation and help to buffer domestic price pressures.Singapore’s central bank has already tweaked monetary policy three times this year, and this fourth move shows its commitment to ensuring price stability.Still, core inflation is likely to hover around 5% for the remainder of this year and spill over into early 2023.For the whole of next year, core inflation is projected to remain fairly high at between 3.5% to 4.5%.The MAS has also warned that events such as geopolitical tensions could result in higher-than-expected inflation and cause some economies to tip into a recession.Investors need to brace for a possible recession in Singapore as the country is reliant on external trade and will not be insulated from headwinds should other developed nations witness a downturn.If you’re nervous, confused, or worried about buying your first stock, then our latest beginner’s guide to investing can help. It’s easy to read yet packed with valuable insights. Download it for free today, and buy your first stock in the next few hours. Clickhereto get started.","news_type":1},"isVote":1,"tweetType":1,"viewCount":710,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9901872631,"gmtCreate":1659172935523,"gmtModify":1676536268721,"author":{"id":"4090652305002260","authorId":"4090652305002260","name":"HarimauJago","avatar":"https://static.tigerbbs.com/807c9216c5d2adb038501b5f31819879","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090652305002260","authorIdStr":"4090652305002260"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9901872631","repostId":"9901871104","repostType":1,"isVote":1,"tweetType":1,"viewCount":1282,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":887098431,"gmtCreate":1631940112623,"gmtModify":1676530675054,"author":{"id":"4090652305002260","authorId":"4090652305002260","name":"HarimauJago","avatar":"https://static.tigerbbs.com/807c9216c5d2adb038501b5f31819879","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090652305002260","authorIdStr":"4090652305002260"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/887098431","repostId":"2168716185","repostType":4,"isVote":1,"tweetType":1,"viewCount":1765,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":880708123,"gmtCreate":1631077936262,"gmtModify":1676530461456,"author":{"id":"4090652305002260","authorId":"4090652305002260","name":"HarimauJago","avatar":"https://static.tigerbbs.com/807c9216c5d2adb038501b5f31819879","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090652305002260","authorIdStr":"4090652305002260"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/880708123","repostId":"1148263008","repostType":4,"repost":{"id":"1148263008","kind":"news","pubTimestamp":1631073672,"share":"https://ttm.financial/m/news/1148263008?lang=&edition=full_marsco","pubTime":"2021-09-08 12:01","market":"us","language":"en","title":"Toshiba Undecided on Privatization Amid Talks With Investors","url":"https://stock-news.laohu8.com/highlight/detail?id=1148263008","media":"Bloomberg","summary":"Board hasn’t decided on ‘most appropriate course of action’\nTroubled conglomerate gives update on it","content":"<ul>\n <li>Board hasn’t decided on ‘most appropriate course of action’</li>\n <li>Troubled conglomerate gives update on its strategic review</li>\n</ul>\n<p>Toshiba Corp.’s board is yet to reach a decision on whether the troubled conglomerate should pursue going private, as talks with investors on the company’s strategic direction continue.</p>\n<p>The board “has not yet decided on the most appropriate course of action and is continuing to explore feasible strategic alternatives,” Toshiba&nbsp;said&nbsp;Wednesday. Its panel exploring strategic alternatives has been engaged in active dialogue with potential investors, but there are “multiple issues” related to a potential privatization to be resolved, the company said.</p>\n<p>Toshiba started weighing options including privatizationin Mayafter weeks of takeover discussions sparked by private equity firm CVC Capital Partners’ $21 billion acquisition bid. Investors including 3D Investment Partners have pressured the Japanese energy-to-electronics conglomerate to conduct a full strategic review and explore any serious interest in the company to rebuild shareholder trust.</p>\n<p>Shares of Toshiba were&nbsp;little changed&nbsp;in early afternoon trading in Tokyo. They have advanced about 5% since the company kicked off the review, saying that it had appointed UBS as financial adviser and that it would consider potential offers. The company deemed the CVC proposal&nbsp;insufficiently detailed&nbsp;to evaluate.</p>\n<p>The search for a new chief executive officer is progressing, with the company saying it’ll narrow down a list of candidates in the coming months. Its previous CEO, Nobuaki Kurumatani, stepped down in April after he suffered a sharp drop in support from employees and executives. In June, shareholders voted to oust Chairman of the Board Osamu Nagayama in a rare triumph for activist investors.</p>\n<p>Once a storied name in Japan, Toshiba has faded dramatically after years of management missteps. It paid a record fine in an accounting scandal and then lost billions on a bungled foray into nuclear power. The conglomerate invented flash memory three decades ago, but was forced to sell most of its prized chip business in 2018 because of losses in its nuclear-power operation.</p>\n<p></p>","source":"lsy1584095487587","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>Toshiba Undecided on Privatization Amid Talks With Investors</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\">\nToshiba Undecided on Privatization Amid Talks With Investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-08 12:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-09-08/toshiba-panel-has-evaluated-privatization-board-undecided?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Board hasn’t decided on ‘most appropriate course of action’\nTroubled conglomerate gives update on its strategic review\n\nToshiba Corp.’s board is yet to reach a decision on whether the troubled ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-09-08/toshiba-panel-has-evaluated-privatization-board-undecided?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TOSYY":"东芝"},"source_url":"https://www.bloomberg.com/news/articles/2021-09-08/toshiba-panel-has-evaluated-privatization-board-undecided?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148263008","content_text":"Board hasn’t decided on ‘most appropriate course of action’\nTroubled conglomerate gives update on its strategic review\n\nToshiba Corp.’s board is yet to reach a decision on whether the troubled conglomerate should pursue going private, as talks with investors on the company’s strategic direction continue.\nThe board “has not yet decided on the most appropriate course of action and is continuing to explore feasible strategic alternatives,” Toshiba said Wednesday. Its panel exploring strategic alternatives has been engaged in active dialogue with potential investors, but there are “multiple issues” related to a potential privatization to be resolved, the company said.\nToshiba started weighing options including privatizationin Mayafter weeks of takeover discussions sparked by private equity firm CVC Capital Partners’ $21 billion acquisition bid. Investors including 3D Investment Partners have pressured the Japanese energy-to-electronics conglomerate to conduct a full strategic review and explore any serious interest in the company to rebuild shareholder trust.\nShares of Toshiba were little changed in early afternoon trading in Tokyo. They have advanced about 5% since the company kicked off the review, saying that it had appointed UBS as financial adviser and that it would consider potential offers. The company deemed the CVC proposal insufficiently detailed to evaluate.\nThe search for a new chief executive officer is progressing, with the company saying it’ll narrow down a list of candidates in the coming months. Its previous CEO, Nobuaki Kurumatani, stepped down in April after he suffered a sharp drop in support from employees and executives. In June, shareholders voted to oust Chairman of the Board Osamu Nagayama in a rare triumph for activist investors.\nOnce a storied name in Japan, Toshiba has faded dramatically after years of management missteps. It paid a record fine in an accounting scandal and then lost billions on a bungled foray into nuclear power. The conglomerate invented flash memory three decades ago, but was forced to sell most of its prized chip business in 2018 because of losses in its nuclear-power operation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1574,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812359325,"gmtCreate":1630555355767,"gmtModify":1676530339460,"author":{"id":"4090652305002260","authorId":"4090652305002260","name":"HarimauJago","avatar":"https://static.tigerbbs.com/807c9216c5d2adb038501b5f31819879","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090652305002260","authorIdStr":"4090652305002260"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/812359325","repostId":"2164481914","repostType":4,"isVote":1,"tweetType":1,"viewCount":1837,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810144912,"gmtCreate":1629956758636,"gmtModify":1676530183905,"author":{"id":"4090652305002260","authorId":"4090652305002260","name":"HarimauJago","avatar":"https://static.tigerbbs.com/807c9216c5d2adb038501b5f31819879","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090652305002260","authorIdStr":"4090652305002260"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/810144912","repostId":"1197778368","repostType":4,"isVote":1,"tweetType":1,"viewCount":1520,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}