#CSuite Mission EDC CEO appointed to TSTC board of regents – Monitor http://bit.ly/2yWorHA
— Muzaffaruddin Alvi (@Muzaffar1969) October 27, 2017
https://platform.twitter.com/widgets.js
Featured Post
Twenty Practical Steps to Better Corporate Governance | The Corporate Secretaries International Association (CSIA)
Twenty Practical Steps to Better Corporate Governance | The Corporate Secretaries International Association (CSIA) Please click the li...
Showing posts with label 2017 at 07:53AM. Show all posts
Showing posts with label 2017 at 07:53AM. Show all posts
Friday, October 27, 2017
#CSuite Mission EDC CEO appointed to TSTC board of regents – Monitor http://bit.ly/2yWorHA
Wednesday, June 14, 2017
Nintendo Shares Soar on New Switch Game Launches
Nintendo (7974.JP) is keeping up recent momentum in its share price with a slew of new announcements at this week’s Electronic Entertainment Expo in Los Angeles.
The Kyoto-based video games giant’s stock was up as much as 3.2% in Tokyo trading Wednesday morning, taking Nintendo’s total return for the year-to-date to 43%. The Nikkei 225 index is up just 4.5%.
This morning’s rise came on the back of Nintendo revealing a number of new titles for its recently-launched Switch system. These include a new game based on the hugely popular ‘Pokemon’ franchise, as well as titles based on fan favorite series like ‘Yoshi’ and ‘Metroid.’ ‘Super Mario Odyssey,’ the next big game to star the iconic mustachioed plumber, will hit the Switch console on October 27. “We view the news as favorable for the Switch,” says Nomura analyst Junko Yamamura.
The Switch has been an unexpected hit for Nintendo, which has struggled to replicate the success of its previous ‘Wii’ system, which allowed players to use motion control. The Switch lets players use the system both at home and on the move via a detachable screen. Nintendo is aiming to ship almost 13 million units of the Switch system by the end of March next year. That would be about the same number it shipped of the console’s immediate predecessor, the ‘Wii U,’ in its entire lifespan.
Despite the rally Nintendo’s stock trades at only 40 times next 12 month’s earnings. That’s still a big discount to its average valuation of 50 times over the last five years.
June 14, 2017 at 07:47AM
from Daniel Shane
BHP Billiton: Elliott Demands Board Shakeup
U.S.-based activist investor Elliott Associates has stepped up pressure on BHP Billiton (BHP.AU), demanding the new chairperson take a broom to the board of directors and add new blood to the world’s largest miner.
The BHP Billiton board will meet later this week to vote on a new chairperson, with director – and former CEO of Australian packaging group Amcor (AMC.AU) – Ken MacKenzie expected to be appointed the new chairman.
Elliott says the change at the top is the perfect opportunity to shakeup the board:
Photographer: Patrick Hamilton/Bloomberg
The impending selection of a new chairperson is an opportunity for BHP to heed the calls of its shareholders and conduct a thorough and independent re-examination of its business and its governance.
Elliott reckons its time for change given many of the directors oversaw acquisitions, such as the move into U.S shale, that have proved costly to shareholders:
BHP has an entrenched board, with long-tenured directors having approved the disastrous acquisitions and poorly timed share buybacks that are at the root of much of today’s underperformance.
A significant upgrade in directors is needed.
Elliott wants BHP Billiton to collapse its dual-listed structure, spin off its U.S. petroleum business and return more capital to shareholders. AMP Capital, one of Australia’s largest fund managers, has called for an independent review of Elliott’s proposals.
BHP Billiton shares have fallen around 14% from their highs in late January. The stock last traded at AUD23.88 a share.
June 14, 2017 at 07:47AM
from Robert Guy
Alibaba: Daiwa Lifts Price Target, Sees 25% Upside
Daiwa Capital Markets is the latest brokerage to lift its price target on Alibaba after the Chinese e-commerce giant’s two day analysts meeting last week.
The brokerage was upbeat about the company’s embrace of big data to growth its core e-commerce business:
Bloomberg News
Data! Data! Data! If we had to summarise this year’s investor day event in one word, it would be “data”, as all the senior management repeatedly emphasised the importance of data for the growth of Alibaba’s various business segments. We have long been believers of Alibaba’s unified-ID positioning and expect the company to further improve its consumer personalisation capability within Mobile Taobao. In addition, we see significant revenue upside from the monetisation of Alibaba’s comprehensive consumer behaviour data assets on hand with the recent launch of Brand DabaBank marking a solid first step.
The brokerage lifted its price target to $175 a share from $150 a share. Here’s the details on the valuation:
We reiterate our Buy (1) call and increase our 12-month TP to USD175 (from USD150), based on a new target PER of 37x (from 34x), a 25% premium to Alibaba’s China Internet peers, applied to our FY18E non-GAAP EPS. We raise our target multiple mainly due to likely accelerating revenue growth in FY18 and improving earnings visibility. Alibaba remains our top pick in the China e-commerce sector. We view the stock’s current FY18 and FY19E PER (March 31 year-end) as attractive compared to Alibaba’s global large cap Internet peers.
UOB Kay Hian yesterday lifted its price target to $173 a share from $139 a share. Fore more details please read Alibaba: Stock Can Rally 24% As Data, Content Feed E-commerce Growth.
Overnight, Alibaba shares fell 1.8% to $136.60 a share.
June 14, 2017 at 07:47AM
from Robert Guy
Telstra To Slash 1,400 Jobs
Australia’s dominant telco Telstra (TLS.AU) is set to shed 1,400 jobs according to local media reports, as the company looks to pare costs as earnings get crunched by the National Broadband Network and rising competition.
The company has targeted cost savings of AUD1 billion over five years. Telstra’s shares are down 14% this year, with the stock taking a beating in April after rival TPG Telecom (TPM.AU) announced plans to build a fourth mobile network.
Here’s some details from The Australian Financial Review (Subscribers can find the story here):
Telecommunications giant Telstra is set to cut up 1400 jobs from ‘operations’ as it looks to slash costs and deal with an up to $3 billion earnings hole expected because of the national broadband network.
Telstra chief executive Andy Penn is expected to brief staff later today.
Last year, Telstra announced it was looking for $1 billion in cost savings over the next five years.
The telco needs to fill a $2 billion to $3 billion hole in earnings before interest, tax, depreciation and amortisation following the completion of the rollout of the national broadband network in 2020.
Goldman Sachs upgraded Telstra to buy earlier this month, saying the stock was attractively priced, offered a tempting dividend and has a quality network. For more details please read Telstra: Goldman Sachs Upgrades to Buy.
June 14, 2017 at 07:47AM
from Robert Guy
Tuesday, June 13, 2017
Ethical Innovation Means Giving Consumers a Say
Technology is approaching the man-machine and man-animal boundaries. And with this, society may be leaping into humanity-defining innovation without the equivalent of a constitutional convention to decide who should have the authority to decide whether, when, and how these innovations are released into society. What are the ethical ramifications? What checks and balances might be important?
June 13, 2017 at 07:51AM
from Anti-Corruption Digest
Fujifilm vows to boost governance after accounting irregularities
TOKYO — Fujifilm Holdings on Monday vowed to overhaul the group’s governance in the wake of an accounting scandal that hit two overseas units of subsidiary Fuji Xerox.
June 13, 2017 at 07:51AM
from Anti-Corruption Digest
China to enhance grassroots community governance
BEIJING, June 12 (Xinhua) — China will set up a community governance system led by grassroots Communist Party of China (CPC) organizations by 2020, according to a guideline released by the CPC Central Committee and the State Council Monday.
June 13, 2017 at 07:51AM
from Anti-Corruption Digest
When is a leak ethical?
Twenty-five-year-old Reality Leigh Winner remains in jail after a federal judge denied her bail in a case where she is alleged to have sent classified information to the media. Winner faces up to 10 years in prison if convicted.
June 13, 2017 at 07:51AM
from Anti-Corruption Digest
Jamaica to be first total e-governance country in region
This means that the country will be operating as a digital society where all public services are accessed online.
June 13, 2017 at 07:51AM
from Anti-Corruption Digest
Corporate governance in the Digital Age
In today’s digital age where data information base and service delivery are predominantly electronic, banks and similar institutions and their regulators should assume that debilitating computer system glitches, cyber attacks, and natural disasters will happen.
June 13, 2017 at 07:51AM
from Anti-Corruption Digest
Thursday, June 8, 2017
JamaicaJan retweeted: CEOs are getting fired for ethical lapses more than they used to, says PwC study of 2,500 companies.|HBR|#CorpGov|https://t.co/dS5vrt6xwN
|
|
JamaicaJan retweeted:
CEOs are getting fired for ethical lapses more than they used to, says PwC study of 2,500 companies.|HBR|#CorpGov|https://t.co/dS5vrt6xwN
June 08, 2017 at 07:41AM
https://twitter.com/JanExplains/status/872637945827733504
from JamaicaJan
K Manjau retweeted: When it comes to drama at the office U need to grab the bull by the Horns this year ck out buff.ly/2rX8ca3 #SMB #corpgov
|
|
K Manjau retweeted:
When it comes to drama at the office U need to grab the bull by the Horns this year ck out buff.ly/2rX8ca3 #SMB #corpgov
June 08, 2017 at 07:41AM
https://twitter.com/kmanjau/status/872637673869127680
from K Manjau
WholeBoardDevelopmnt retweeted: The latest Jornal de Arake!! http://ift.tt/2lNA4eQ Thanks to @nickspencer @JornalJurid @beBee #bebee #corpgov
|
|
WholeBoardDevelopmnt retweeted:
The latest Jornal de Arake!! http://ift.tt/2lNA4eQ Thanks to @nickspencer @JornalJurid @beBee #bebee #corpgov
June 08, 2017 at 07:41AM
https://twitter.com/WholeBoardDev/status/872637577110671360
from WholeBoardDevelopmnt
Charlie Helps FRSA retweeted: The latest Jornal de Arake!! http://ift.tt/2lNA4eQ Thanks to @nickspencer @JornalJurid @beBee #bebee #corpgov
|
|
Charlie Helps FRSA retweeted:
The latest Jornal de Arake!! http://ift.tt/2lNA4eQ Thanks to @nickspencer @JornalJurid @beBee #bebee #corpgov
June 08, 2017 at 07:41AM
https://twitter.com/HelpsCharlie/status/872637537092816897
from Charlie Helps FRSA
Govt to raise Rs41bn from banks to bail out power sector – DAWN.com
|
Govt to raise Rs41bn from banks to bail out power sector
DAWN.com The ECC approved “provision of a government guarantee by the Ministry of Finance for repayment of loan as well as interest, for a syndicated term finance facility for the power sector amounting to Rs41bn,” said an official announcement. The amount will … |
June 08, 2017 at 07:47AM
from
Sunday, June 4, 2017
This week in finance: Australia to set new recession-free record and RBA to hold rates – ABC Online
ABC Online |
This week in finance: Australia to set new recession-free record and RBA to hold rates
ABC Online There has been plenty of economic news floating about, and not much of it uplifting. Nonetheless, there is likely to be cause for a bit of high-fiving this week as Australia finally overtakes the Netherlands for having the longest recession-free run on … |
June 04, 2017 at 07:45AM
from
London eyewitness: Attacker stabbed girl and said ‘this is for Allah’
June 04, 2017 at 07:45AM
from Telegraph Reporters
Subscribe to:
Posts (Atom)