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CIBC Introducing Additional U.S. Canadian Depositary Receipts
Wall Street Banks sold the final portion of the debt involved in Musk's acquisition of X.
A knowledgeable source said on Monday that a group of banks, including Morgan Stanley, Bank of America, Barclays, and Mitsubishi UFJ Financial Group, has sold the last portion of debt associated with billionaire Elon Musk's acquisition of the social media platform Twitter (X) for 44 billion dollars in 2022. The source added that loans worth 1.2 billion dollars were sold at a discount of 98 cents on the dollar, with a yield of 9.5%. Musk's close relationship with former President Donald Trump, along with the outlook for improved revenues at X, allowed the banks to reduce their holdings of 13 billion dollars related to the debt on their books over nearly two years.
Morgan Stanley: WUXI APPTEC's first quarter performance exceeds expectations, fundamentals remain strong, rating "Shareholding".
Morgan Stanley released a Research Report stating that WUXI APPTEC (02359) recorded revenue and adjusted net profit under non-GAAP accounting of RMB 9.65 billion and RMB 2.68 billion respectively in the first quarter, exceeding the bank's expectations. The main drivers were the USA and Europe markets, with revenue increasing year-on-year by 28% and 26% respectively, contributing nearly 80% of the income. The bank set a Target Price of HKD 85 for its Listed in Hong Kong with a rating of 'Shareholding'. Additionally, the company's backlog of Orders for ongoing Business expanded by 47% year-on-year to RMB 52.33 billion, which, based on the first quarter's pace, is equivalent to about 5 to 6 quarters. The bank also mentioned that as a contractor in the mainland.
Morgan Stanley: Swire Properties A's valuation has become attractive again, maintaining a Target Price of HKD 75 and a Shareholding.
Morgan Stanley released a Research Report stating that the Target Price for SWIRE PACIFIC A (00019) is maintained at HKD 75 with a "Shareholding" rating. The Net income for SWIRE PACIFIC's beverage Business in the fiscal year 2024 is expected to be HKD 2.04 billion. Even if the PE is 20 times, the per share value could be HKD 30. The current market price for SWIRE PACIFIC is approximately at a PE of 9 times for 2025 and a book value ratio of 0.38 times for 2024. The current dividend yield is 5.1%. The company plans to increase dividends by about 5% each year. Since the beginning of the year, the company has repurchased shares worth HKD 1.4 billion (accounting for 2.7% of the issued share capital). In 2024, it plans to buy back 5.85%.
Morgan Stanley To Go Ex-Dividend On April 30th, 2025 With 0.925 USD Dividend Per Share
Wells Fargo Gets Another Federal Penalty Lifted, but Still Has 3 Big Ones to Go
Cui Nyonya Kueh : Thank you, see you tomorrow!