Assertio Holdings First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

The Smart Investor
4 Singapore Blue-Chip Stocks with the Potential to Grow Their Profits
Here are four blue-chip stocks that may see their profits rising in due course. The post 4 Singapore Blue-Chip Stocks with the Potential to Grow Their Profits appeared first on The Smart Investor.
The Smart Investor
5 Singapore Stocks That Increased Their Dividends by 20% or More
Gunning for higher dividends? Here are five stocks that upped their dividends by 20% or more. The post 5 Singapore Stocks That Increased Their Dividends by 20% or More appeared first on The Smart Investor.
Simply Wall St.
City Developments (SGX:C09) investors are sitting on a loss of 19% if they invested five years ago
Ideally, your overall portfolio should beat the market average. But in any portfolio, there will be mixed results...
Reuters
KKR-SingTel consortium frontrunner to buy $1 billion stake in data centre provider, sources say
SINGAPORE (Reuters) -A consortium of U.S. firm KKR and Singapore Telecommunications (SingTel) has emerged as the frontrunner to buy a minority stake worth $1 billion in one of Asia's biggest data centre providers, two sources with knowledge of the matter said. The potential investment in STT Telemedia Global Data Centres (STT GDC) reflects growing interest and demand for data centres across Asia Pacific as nations and companies respond to the boom in artificial intelligence. The KKR-SingTel consortium is competing with New York-headquartered alternative investment firm Stonepeak for the stake of up to 20%, one of the sources said.
The Edge Singapore
Seatrium reports net order book of $25.8 bil in 1QFY2024 business update
Shares in Seatrium closed 18 cents higher or 11.69% up at $1.72 on May 27.
AFP News
Debt, suicide, fraud: South Koreans hit by real estate scams
For a decade, Park Hyeon-su lived in a windowless micro-apartment in Seoul, working double shifts and saving every penny for a deposit on a nice home.To repay his original bank loan, Choi took out high-interest credit card loans and sold off his stocks, working gruelling shifts in restaurants and living on cheap food to save cash.
Reuters
China sets up third fund with $47.5 billion to boost semiconductor sector
BEIJING (Reuters) -China has set up its third planned state-backed investment fund to boost its semiconductor industry, with a registered capital of 344 billion yuan ($47.5 billion), according to a filing with a government-run companies registry. The hundreds of billions of yuan invested in the sector puts into perspective President Xi Jinping's drive to achieve self-sufficiency for China in semiconductors. The third phase of the China Integrated Circuit Industry Investment Fund was officially established on May 24 and registered under the Beijing Municipal Administration for Market Regulation, according to the National Enterprise Credit Information Publicity System, a government-run credit information agency.
The Edge Singapore
Ley Choon reports $10.9 mil net profit for FY2024 and first dividend payout since 2014
The group has benefited from higher construction activities in road works and cable laying projects.
Reuters
Shares of China Evergrande's EV unit soar after liquidators' stake sale deal
Shares of China Evergrande New Energy Vehicle Group more than doubled on Monday as trade resumed after the company said liquidators had agreed on behalf of key shareholders to sell a stake in the electric vehicle (EV) maker. Shares of embattled developer China Evergrande's EV unit soared as much as 113% to HK$0.81, their highest since September 22, becoming the top gainer on the Hong Kong bourse, and last stood up 79%, following the May 17 trade halt. The non-binding deal by liquidators acting for China Evergrande Group, Evergrande Health Industry and Acelin Global provides for a third-party buyer to take a stake of 29% in the unit, with an option for 29.5% more, the EV unit said on Sunday.
Reuters
Japan net external assets hit record high in 2023, remains world's top creditor
Japan's net external assets rose to a record 471.3 trillion yen ($3 trillion) in 2023, increasing for a sixth straight year, as a weak yen and overseas corporate acquisitions boosted the value of its foreign assets, the Ministry of Finance said on Tuesday. As a result, Japan retained its position as the world's top creditor, followed by Germany with 454.8 trillion of net external assets and China with 412.7 trillion yen as of the end of 2023, according to the ministry. A weak yen, coupled with a rise in direct investment overseas, helped Japan post a 51 trillion yen annual increase in the value of net external assets held by the Japanese government, businesses and individuals.
Insider Monkey
Forget Magnificent Seven: Hedge Funds are Pouring Money Into This Utility Stock to Cash In On AI Boom
We recently analyzed the top utilities stocks hedge funds are buying to profit from the AI-led boom in the industry. Since Vistra Corp. (NYSE:VST) was part of the list, the stock deserves a deeper look. But first, let’s see why everyone’s taking about AI catalysts for utilities stocks these days. The AI revolution that started with […]
Barrons.com
Bitcoin Slips. Why the Market Is Nervous.
Bitcoin prices slip after a number of wallets linked to Mt. Gox moved billions worth of Bitcoin into a single wallet Tuesday.
Investing.com
Alibaba Health surges 13% on strong FY earnings
Investing.com-- Shares of Alibaba Health Information Technology (HK:0241) rose sharply on Tuesday after the firm clocked a sharp jump in its annual earnings on improved margins and strong demand for healthcare services and pharmaceuticals on its platforms.
AFP News
Oil rises, stock markets mixed before key inflation data
Oil prices rose Tuesday on tensions in the Middle East while stock markets wavered as investors awaited key inflation data later this week. "Risk sentiment has faltered in recent weeks, and global stock markets have experienced a mild sell off as the focus shifts to a plethora of economic data that is released this week," said XTB research director Kathleen Brooks.
Benzinga
Jeff Bezos Tells Investors, 'A Single Winning Bet Can More Than Cover The Cost Of Many Losers' — All You Need Is One Win
Jeff Bezos, one of the wealthiest and most successful individuals, often shared valuable lessons in his annual letters to Amazon shareholders before retiring as CEO. While these letters focused on Amazon, they also provided universal insights applicable to investors everywhere. A key piece of advice from Bezos' 2018 letter encapsulates his approach to risk and reward. He wrote, "The good news for shareowners is that a single big winning bet can more than cover the cost of many losers." This stat
Insider Monkey
The Most Densely Populated Country in the World in 2024
In this article, we will reveal the most densely populated country in the world in 2024. If you wish to look at our detailed rankings, you can go to the 30 Most Densely Populated Countries in the World in 2024. According to a United Nations (UN) report, the global population is increasing rapidly. Having tripled […]
Reuters
Meme stock GameStop climbs after raising $933 million in share sales
The stock has since lost 70% of its value up to Friday's close, taking GameStop's market value to $5.82 billion. Earlier this month, GameStop said it expected its first-quarter net sales to drop to between $872 million and $892 million, from $1.24 billion a year ago. About 20.5% of GameStop's publicly available shares were in a short position, data from analytics firm Ortex Technologies showed.
The Edge Singapore
Gordon and Celine Tang to acquire manager of ARA US Hospitality Trust
Gordon Tang unit enters SPA to acquire ARA US Hospitality Trust's REIT and trustee manager, and 19% of the trust
Simply Wall St.
Riverstone Holdings' (SGX:AP4) investors will be pleased with their stellar 226% return over the last five years
Stock pickers are generally looking for stocks that will outperform the broader market. And in our experience, buying...
Reuters
Apple's iPhone sales in China jump 52% in April, data shows
Apple's smartphone shipments in China rose 52% in April from a year ago, extending a rebound seen in March, according to data from a research firm affiliated the Chinese government. The jump follows a weak performance by the U.S. tech giant in the world's biggest smartphone market earlier this year amid intensifying competition in the high-end smartphone category from local rivals like Huawei. Shipments of foreign-branded phones in China increased by 52% in April to 3.495 million units from 2.301 million a year earlier, data from the China Academy of Information and Communications Technology (CAICT) showed on Tuesday.

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Assertio Holdings (NASDAQ:ASRT) First Quarter 2024 Results

Key Financial Results

Assertio Holdings Revenues Beat Expectations, EPS Falls Short

Risk Analysis

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