#BoardOfDirectors Trio nominated for TVA board of directors – Roane County News (subscription) http://bit.ly/2xyZBfS
— Muzaffaruddin Alvi (@Muzaffar1969) September 25, 2017
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Twenty Practical Steps to Better Corporate Governance | The Corporate Secretaries International Association (CSIA) Please click the li...
#BoardOfDirectors Trio nominated for TVA board of directors – Roane County News (subscription) http://bit.ly/2xyZBfS
— Muzaffaruddin Alvi (@Muzaffar1969) September 25, 2017
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WholeBoardDevelopmnt retweeted:
Uber chief Travis Kalanick ‘set for a bumpy ride’ in board meeting #CorpGov #tech
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June 12, 2017 at 10:02AM
https://twitter.com/WholeBoardDev/status/874123676261724160
from WholeBoardDevelopmnt
Uber chief Travis Kalanick 'set for a bumpy ride' in board meeting #CorpGov #techhttps://t.co/9f2kWZQmn2
— ABExcellence (@ABExcellence) June 12, 2017
Charlie Helps FRSA retweeted:
CSR’s Next Frontier: Integrated Reporting buff.ly/2su6iez via @the_marketmogul #corpgov
June 12, 2017 at 10:02AM
https://twitter.com/HelpsCharlie/status/874123561144897537
from Charlie Helps FRSA
CSR's Next Frontier: Integrated Reporting https://t.co/udL0tuvuf2 via @the_marketmogul #corpgov
— Harrison Young (@harrisonyoungpa) June 12, 2017
Integrated Reporting retweeted:
CSR’s Next Frontier: Integrated Reporting buff.ly/2su6iez via @the_marketmogul #corpgov
June 12, 2017 at 10:02AM
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from Integrated Reporting
CSR's Next Frontier: Integrated Reporting https://t.co/udL0tuvuf2 via @the_marketmogul #corpgov
— Harrison Young (@harrisonyoungpa) June 12, 2017
Corporate Governance retweeted:
CSR’s Next Frontier: Integrated Reporting buff.ly/2su6iez via @the_marketmogul #corpgov
June 12, 2017 at 10:02AM
https://twitter.com/ToGovern/status/874122838474711040
from Corporate Governance
CSR's Next Frontier: Integrated Reporting https://t.co/udL0tuvuf2 via @the_marketmogul #corpgov
— Harrison Young (@harrisonyoungpa) June 12, 2017
CSR’s Next Frontier: Integrated Reporting buff.ly/2su6iez via @the_marketmogul #corpgov
June 12, 2017 at 10:02AM
https://twitter.com/harrisonyoungpa/status/874122338119430144
from Harrison Young
CSR's Next Frontier: Integrated Reporting https://t.co/udL0tuvuf2 via @the_marketmogul #corpgov
— Harrison Young (@harrisonyoungpa) June 12, 2017
PARIS (Reuters) – French voters head to the polls on Sunday for the first of two rounds of a parliamentary election expected to give new President Emmanuel Macron a solid majority that should allow him to carry out far-reaching reforms. Read Full Story
The post French elect parliament as polls forecast Macron landslide appeared first on ForexTV.
June 11, 2017 at 09:52AM
from Reuters News
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CHINA FINANCE MINISTRY AUCTIONS 1-YEAR BONDS AT 3.6695 PCT YIELD (MARKET EXPECTED 3.53 PCT) – TRADERS
The material has been provided by InstaForex Company – www.instaforex.com
June 07, 2017 at 09:24AM
from
CARDIFF (Reuters) – Cristiano Ronaldo scored twice as Real Madrid beat Juventus 4-1 in a memorable Champions League final full of attacking verve and brilliant goals on Saturday as the Spaniards won the title for the third time in four years and 12th in all. Read Full Story
The post Two-goal Ronaldo fires Real to 12th European title appeared first on ForexTV.
June 04, 2017 at 05:46AM
from Reuters News
Singaporean steel maker HG Metal Manufacturing (BTG.SG) has been urged by activist fund Quarz Capital Management to take “immediate steps to address the severe undervaluation” of its shares.
HG Metal Manufacturing shares trade at just 0.4 times of what Quarz dubs a highly liquid and easily valued book value. While Quarz commends HG Metal’s management team for its efforts in steering the company through one of the toughest slumps in steel prices, the activist fund argues the company could do more to address the undervaluation of its shares. In a letter to HG Metal, Quarz writes:
Quarz Capital Management proposes (QCM) that HG Metal conducts a full strategic review on the potential divestment of its non-core but substantial 22.6% stake in BRC Asia with a market value in excess of SGD 30 million (67% of Mkt Cap). Quarz believes that multiple buyers are interested in building up substantial stakes in BRC Asia as evident by the unsolicited bid announced by the company recently. Any of the buyers could establish a near majority control of BRC with the purchase of HG’s stake and a proportion of additional market and selective purchases from other less substantial shareholders. Quarz proposes that part of this capital released can be returned to shareholders upon the completion of the sale through dividends or share buyback. Quarz also urges the company to immediately distribute up to SGD 10 million (22% dividend yield) of the excess net cash of SGD 29 million which is currently held by the firm.
Due to the structural headwinds faced by the Trading Division, QCM recommends the firm to scale back on its Trading Division and to redeploy the capital and human resources released to its Manufacturing Division whose profitability is leveraged to the structural trend of increasing construction productivity and the improving construction sector in Singapore. QCM has delivered the following letter to HG Metal Manufacturing Limited’s management team, board of directors and other stakeholders.
It’s not the first time that Quarz has pointed out a Singaporean company that could potentially boost its valuation with some management fixes. The fund has been prolifically scouring the Lion City for activist investing cases given its wealth of “extremely high quality” companies that are partially family-owned, have low levels of debt and often undervalued. For more, please see Activist Fund Sees Value in Singapore Funds.
June 01, 2017 at 10:07AM
from Isabella Zhong
Fitch Ratings has officially put Chinese internet search giant Baidu (BIDU) on notice.
The U.S. ratings agency downgraded the New York-listed company’s debt outlook to negative, citing concerns over its growing shadow banking business. Shadow banking, through what are termed ‘wealth management products,’ have traditionally been the domain of China’s banks and other financial services providers, but internet companies like Baidu and Alibaba (BABA) have increasingly been getting in on the action.
Baidu’s Financial Services Group has assets of about CNY25 billion, up over 100% compared to a year ago. In addition to wealth management products it also has a micro-lending business. Fitch noted concerns over the possibility that any of Baidu’s shadow banking products fail to meet their return targets. Baidu’s currently rated ‘A’ by Fitch, which puts it in the investment grade bucket.
Here’s Fitch:
“WMPs have become an alternative form of financing for projects or investments that would not qualify for bank loans. A large exposure to WMPs may make Baidu vulnerable to asset-quality shocks, especially as loss events rise.”
Shares in Baidu are up 13% year-to-date, compared to more than 40% for Hong Kong-listed peer Tencent (700.HK) and Alibaba.
June 01, 2017 at 10:07AM
from Daniel Shane
Salt Lake City, UT – May 31, 2017 – Venafi®, the leading provider of machine identity protection, today announced the results of a study on the cryptographic security practices of DevOps teams in the financial services industry. Cryptographic security risks are amplified in DevOps settings, where compromises in development or test environments can spread to production systems and applications. This is a particular issue for financial services organizations, which have been early adopters of DevOps technology.
June 01, 2017 at 10:00AM
from Anti-Corruption Digest
LINE (3938.JP)(LN) shares are up 5.5% in Tokyo trading this morning after Nomura upgraded the Japanese messaging app from neutral to buy.
LINE’s Tokyo-listed shares have tumbled 23% from their peak last September as the company failed to live up to growth expectations. But Nomura analyst Yoshitaka Nagao now spies three catalysts that could give LINE a much needed boost.
We identify three catalysts: (1) growth in impressions following the addition of a news tab; (2) growth in CPM owing to a rise in the weighting of video ads; and (3) the monetization of video services such as LINE LIVE. We have raised our 2026 operating profit forecast by 44% as we see strong medium-term growth potential.
Nagao expects LINE to generate JPY161.9 billion of sales in fiscal 2017, which implies 10% growth compared to 2016, on better advertising sales. But the analyst has lowered his 2017 operating profit forecast from JPY25.8 billion to JPY19 billion on the expectation of an increase in operating costs as the company ramps up investments in new businesses such as LINE LIVE.
We have lowered our operating profit forecasts for 17/12 and 18/12, but have adjusted our advertising sales forecasts for 18/12 onwards to reflect: (1) the introduction of video ads and the impact of the new news tab (growth in CPM and impressions); (2) contributions from LINE LIVE (we have raised our 18/12 forecast for advertising sales). We have also raised our operating profit forecasts for 20/12 onwards on higher advertising sales. We regard the addition of the news tab as positive for impressions. We think that the rise in the weighting of video ads will push up average prices, and that growth in video services such as LINE LIVE will give rise to advertising demand. We think that advertising sales at LINE are moving into a structural growth phase.
Nagao has lifted his target price on LINE from JPY3,470 a share to JPY4,700 a share, which implies 17% upside. LINE shares trade at 53 times forward earnings, which is above a historical average of 43 times.
June 01, 2017 at 10:07AM
from Isabella Zhong
Economic Times |
Top stocks in focus on Thursday, 1 June 2017
Economic Times Domestic equity markets are likely to open in red on Thursday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues. SGX Nifty was trading 11 points, or 0.11 per cent, down at 9626, indicating a weak start for NSE … |
June 01, 2017 at 10:06AM
from
The UK cyber security market is thriving, with many companies announcing rapid revenue growth reflecting the huge growth in demand for their services. UK-based Darktrace, for example, founded in 2013 is the world leader in its innovative Enterprise Immune System and had a 600% growth in revenue over the 2016 fiscal year. Their systems have so far detected 30,000 in-progress cyber threats across 2400 deployments worldwide. $65m has been secured from investors and the firm is now valued at over $400m. The technology used is self-learning and is thereby effective in defending against evolving threats that can evade static systems.
June 01, 2017 at 10:00AM
from Anti-Corruption Digest