Joint Stock – Sofrelop http://sofrelop.com/ Tue, 02 Aug 2022 18:15:18 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://sofrelop.com/wp-content/uploads/2021/06/icon-6-150x150.png Joint Stock – Sofrelop http://sofrelop.com/ 32 32 US sanctions Putin’s reputed girlfriend https://sofrelop.com/us-sanctions-putins-reputed-girlfriend/ Tue, 02 Aug 2022 18:15:18 +0000 https://sofrelop.com/us-sanctions-putins-reputed-girlfriend/ By Jennifer Hansler, CNN The US Treasury Department on Tuesday sanctioned Russian President Vladimir Putin famous girlfriend as part of a series of measures targeting Russian elites in the Biden administration’s latest attempt to punish the Kremlin for its ongoing war in Ukraine. Alina Maratovna Kabaeva, who had a romantic relationship with the Russian leader, […]]]>

By Jennifer Hansler, CNN

The US Treasury Department on Tuesday sanctioned Russian President Vladimir Putin famous girlfriend as part of a series of measures targeting Russian elites in the Biden administration’s latest attempt to punish the Kremlin for its ongoing war in Ukraine.

Alina Maratovna Kabaeva, who had a romantic relationship with the Russian leader, was sanctioned “for being or having been a leader, civil servant, senior executive or member of the board of directors of the government of the Russian Federation”, the department said. of the Treasury. statement said.

This statement describes Kabaeva, 39, as having “a close relationship with Putin”. She is a former member of the State Duma “and currently heads the National Media Group, a pro-Kremlin empire of television, radio and print organizations.”

In April, the Wall Street Journal reported that sanctioning Kabaeva was being considered by the United States, but there were fears such a move could stoke tensions given her closeness to Putin.

Kabaeva was previously sanctioned by the European Union and the United Kingdom.

In addition to Kabaeva, the Treasury Department announced sanctions against a number of other oligarchs, a major steel production company and two of its subsidiaries as well as a financial institution accused of carrying out a sanctions-busting operation and its general director.

Separately, US Secretary of State Antony Blinken announced sanctions against three oligarchs, a Russian state-owned company overseen by the Ministry of Transport, “four individuals and one entity operating illegally on Ukrainian territory in collaboration with Russia,” and 24 Russian defense and technology oligarchs. -related entities.

The United States is also imposing visa restrictions on 893 Russian Federation officials and “31 foreign government officials who acted in support of Russia’s alleged annexation of Ukraine’s Crimea region and thereby threatened or violated sovereignty of Ukraine,” Blinken said.

Many designations announced by the United States target oligarchs who were previously sanctioned by allies like the United Kingdom, Australia, Canada and the European Union. They come as the war in Ukraine has entered its sixth month.

“Opulent Lifestyles”

“While innocent people suffer from Russia’s unlawful war of aggression, Putin’s allies have enriched themselves and funded opulent lifestyles,” Treasury Secretary Janet Yellen said in a statement. “The Treasury Department will use every tool at its disposal to ensure that Russian elites and Kremlin enablers are held accountable for their complicity in a war that has cost countless lives.”

The oligarchs sanctioned by the State Department on Tuesday are Andrey Igorevich Melnichenko, Alexander Anatolevich Ponomarenko and Dmitry Aleksandrovich Pumpyanskiy. The AXIOMA yacht has been identified as blocked property in which Pumpyanskiy has an interest, the State Department said in a fact sheet.

According to this fact sheet, Ponomarenko “is an oligarch with close ties to other oligarchs and the construction of Vladimir Putin’s seaside palace” who has already been sanctioned by the UK, EU, Canada, Australia and New Zealand.

Among the oligarchs sanctioned by the Treasury Department on Tuesday is Andrey Grigoryevich Guryev, the Russian billionaire founder of the chemical company “PhosAgro” and a former government official described by the Treasury as “a known close associate” of Putin. It is also sanctioned by the UK and, according to the US Treasury, it “owns the Witanhurst estate, which is the second largest estate in London after Buckingham Palace”.

The Treasury Department on Tuesday identified the yacht Alfa Nero, believed to be owned by AG Guryev, as blocked property.

AG Guryev’s son, Andrey Andreevich Guryev, was also sanctioned by the United States on Tuesday, having previously been sanctioned by Australia, Canada, the European Union, Switzerland and the United Kingdom, as was his investment company Dzhi AI Invest OOO.

Natalya Valeryevna Popova was sanctioned “for having operated or having operated in the technological sector of the economy of the Russian Federation, and for having been or having been a leader, official, senior manager or member of the board of administration of LLC VEB Ventures”, which is a sanctioned entity. She was also sanctioned for being the wife of Kirill Aleksandrovich Dmitriev, the CEO of the Russian Direct Investment Fund (RDIF). He and the RDIF were sanctioned in the days following the start of the war.

Joint-stock company Promising Industrial and Infrastructure Technologies, “a financial institution owned by Russia’s Federal Agency for State Property Management”, and its chief executive Anton Sergeevich Urusov were sanctioned on Tuesday for allegedly evading sanctions.

According to the Treasury Department, “JSC PPIT attempted to facilitate the evasion of sanctions imposed on the Russian Direct Investment Fund (RDIF).”

The Treasury Department has sanctioned Publichnoe Aktsionernoe Obschestvo Magnitogorskiy Metallurgicheskiy Kombinat (MMK), described as “one of the largest steel producers in the world”, the chairman of its board of directors Viktor Filippovich Rashnikov – who was also sanctioned by Australia, Canada, EU, Switzerland and UK — and two of MMK’s subsidiaries.

“MMK is one of Russia’s largest taxpayers, providing a substantial source of revenue for the government of the Russian Federation,” the Treasury Department said. The agency has allowed a liquidation period for transactions with MMK and one of its subsidiaries.

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Republicans say economic deal will raise taxes, citing nonpartisan data https://sofrelop.com/republicans-say-economic-deal-will-raise-taxes-citing-nonpartisan-data/ Sun, 31 Jul 2022 17:07:00 +0000 https://sofrelop.com/republicans-say-economic-deal-will-raise-taxes-citing-nonpartisan-data/ However, the analysis takes into account the indirect effect of the provision of the bill to impose a minimum tax of 15% on certain corporations. Economists assume that companies would then pass on part of their tax increase to employees by reducing their after-tax wages and job opportunities. In addition, shareholders would take a hit […]]]>

However, the analysis takes into account the indirect effect of the provision of the bill to impose a minimum tax of 15% on certain corporations. Economists assume that companies would then pass on part of their tax increase to employees by reducing their after-tax wages and job opportunities. In addition, shareholders would take a hit as the value of their equity holdings, including those held in pension plans and mutual funds, would likely decline.

The minimum tax measure is expected to bring in $313 billion over a decade, according to the JCT.

Republicans point to the report as evidence that the package, which Democrats hope to push through the equally divided Senate through the reconciliation process so they don’t need GOP votes, would violate President Joe’s pledge. Biden and congressional Democrats not to raise taxes on those earning less than $400,000.

But it’s a “bogus argument,” said Steve Rosenthal, a senior fellow at the nonpartisan Center for Fiscal Policy, calling it “more of a gimmick.” The president and Democratic leaders have promised not to directly raise taxes on Americans earning below that threshold, he said.

Analyzes of some of Biden and the party’s previous proposals to raise corporate taxes have also shown an indirect effect on people at all income levels. However, the Build Back Better package that the House passed last year included provisions such as the improved child tax credit, which would have helped low- and middle-income families.

What the JCT found

Federal taxes would rise by $16.7 billion for US taxpayers earning less than $200,000 next year, according to the JCT. And those earning between $200,000 and $500,000 would see their levy jump by $14.1 billion. Those with incomes over half a million dollars would be hit by a $23.5 billion increase.

By 2031, when new energy credits and subsidies are expected to provide an even greater benefit to high-income Americans, those earning less than $400,000 are expected to pay up to two-thirds of the additional tax revenue collected that year. according to the Republicans on the Senate Finance Committee.

It is standard procedure for the JCT to allocate additional levies on corporations to employees and shareholders of all income levels.

“You have to shift the corporate tax burden onto somebody,” said William McBride, vice president of federal tax and economic policy at the Tax Foundation. “He comes across a mixture of [stock] owners and workers, and these are all across the income scale. »

Effects of inflation

Manchin argued on CNN on Sunday that the bill “imposes no burden on taxpayers.”

He also challenged a preliminary analysis of Penn Wharton’s budget model which showed the package “would very slightly increase inflation until 2024 and decrease inflation thereafter”.

“Well, we found out they were wrong. And people can be wrong, but how the hell can that be inflammatory?” he told CNN’s Jake Tapper about the “State of the Union.” “How can it add flames to the inflation fires right now if you pay down the debt?”

He added: “We’re doing everything we can to make sure we’re tackling the problem. And those are solutions to the problems we have. So I know those who play politics with them.”

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Billionaire Jeff Bezos nets $13 billion daily gain as Amazon shares soar https://sofrelop.com/billionaire-jeff-bezos-nets-13-billion-daily-gain-as-amazon-shares-soar/ Sat, 30 Jul 2022 07:36:04 +0000 https://sofrelop.com/billionaire-jeff-bezos-nets-13-billion-daily-gain-as-amazon-shares-soar/ Amazon billionaire Jeff Bezos has seen his wealth valuation rise to new monthly highs as demand for shares of the world’s largest e-commerce company by market value rises. Bezos, the second richest person in the world, now has a net worth of $159 billion. It reported a daily gain of $13 billion on Friday when […]]]>

Amazon billionaire Jeff Bezos has seen his wealth valuation rise to new monthly highs as demand for shares of the world’s largest e-commerce company by market value rises.

Bezos, the second richest person in the world, now has a net worth of $159 billion. It reported a daily gain of $13 billion on Friday when strong buying pressure was seen on Amazon shares. The world’s largest online store, Amazon, was founded by Bezos. Through its main website, the Seattle-based company sells electronics, home goods, and other items. Additionally, it runs the Whole Foods supermarket chain and provides streaming and cloud computing services.

A day after the company reported stronger-than-expected second-quarter revenue and provided a bullish outlook, Amazon shares rose 10% on Friday.

Sales for the three months ending June rose 7% to $121.23 billion, beating Wall Street’s forecast of $119.09 billion. This is Amazon’s third consecutive quarter of single-digit revenue growth.

  • According to Amazon’s forecast for the third quarter, sales growth could resume and reach between 13 and 17%. While analysts had expected a sales forecast of $126.4 billion, according to Refinitiv, the company said it expects revenue this quarter of $125 billion to $130 billion.
  • Unlike the generally depressing earnings season for tech companies, Amazon and Apple reported positive numbers. Due to decades-high inflation, rising interest rates and other macroeconomic headwinds, Facebook parent company Meta, Alphabet and Microsoft all reported weak profitability for the quarter.
  • Market analysts applauded Amazon’s earnings report, calling the e-commerce giant “a port in the macro storm” as it has so far appeared to overcome many of the challenges faced by its digital counterparts.
  • The multi-billionaire Amazon founder, who gained notoriety for saying struggling employees were forced to urinate in bottles, is said to have kindly helped his parents make the joint $74 million mega-purchase.
  • The deal came at the same time Bezos, 58, and his 52-year-old girlfriend, TV personality Lauren Sanchez, were recently seen strolling hand-in-hand in London’s affluent Mayfair.
  • Before dining with Tom Cruise at a private club earlier this week, he took a private tour of Buckingham Palace.

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Intangible assets of issuers holding “historic brands” https://sofrelop.com/intangible-assets-of-issuers-holding-historic-brands/ Thu, 28 Jul 2022 01:38:04 +0000 https://sofrelop.com/intangible-assets-of-issuers-holding-historic-brands/ MMost issuers holding a “Traditional Chinese Brand”, a title granted by the Ministry of Commerce to companies existing before 1956, are manufacturers and merchants of consumer goods whose trademarks and trade names embody their ingrained core brand value. over the years. While technologies, patented or not, continued to differentiate a transmitter’s products from those of […]]]>

MMost issuers holding a “Traditional Chinese Brand”, a title granted by the Ministry of Commerce to companies existing before 1956, are manufacturers and merchants of consumer goods whose trademarks and trade names embody their ingrained core brand value. over the years.

While technologies, patented or not, continued to differentiate a transmitter’s products from those of other brands in terms of performance and craftsmanship, these are undoubtedly part of their vital or even fundamental assets.

In this article, the author analyzes the intangible assets of the owners of historical brands in China from the regulations in force, giving a reference value to these famous brands.

SOURCES AND OWNERSHIP

Mo Mo
paralegal
Grandway Law Firms

Due to their long history, ancestral Chinese brands have been passed down from generation to generation, with most branching off into several branches. In addition, early owners’ awareness of the protection of intellectual property rights such as trademarks, trade names and patents was generally low. As a result, ownership of these intangibles was often the victim of long-running disputes.

In Certain Questions and Answers on IPO Business (II), the China Securities Regulatory Commission (CSRC) notes that “major disputes or lawsuits relating to trademarks, patents, know-how, franchise rights and other material assets or technology that have a material impact on the issuer’s business or revenue generation, that have had or will have a material effect on the issuer’s financial condition or results of operations in the future” are important situations that affect the issuer’s ability to operate.

Accordingly, regulators will first pay attention to the sources of intangible assets, in particular: (1) an explanation of the sources and historical evolution of existing trademarks, trade names, patents and other intellectual property rights, if the acquisition is legal and compliant and, in the case of change and transfer of ownership, the history of the transfer of assets and whether the consideration is fair and reasonable; (2) an explanation of the differences between homologous trade names or similar marks by comparing their sources and their historical evolution; and (3) if there is a material dispute over ownership of the intellectual property rights that is prejudicial to the issuer.

In the event of a dispute between the issuer and others over the ownership of intangibles, it is necessary to explain whether or not there is any authorizing or licensing relationship in the matter, and whether the issuer is a counterfeiter.

If a case is settled through issuer withdrawal, dismissal of issuer claims, conciliation and mediation, it is also necessary to explain the background and whether the legal action in question has an adverse impact important on the transmitter.

It should be noted that in the beginning, most of the owners of traditional Chinese brands belonged to the community or the whole people. But with the development and changes of national commercial laws, they have gradually transformed into modern limited liability companies or joint-stock companies.

Therefore, if state-owned assets are involved, the transfer of intangible assets during the restructuring process is also the focus of regulators’ attention. They will examine whether these companies have fully complied with the regulatory approval procedures for the transfer of state-owned assets, whether they have obtained the consent of the relevant department of state-owned assets and whether there has been a loss state or community owned assets. .

ACTUAL USE

The impact of traditional Chinese brands on consumers can be subtle but unmistakable. Considering their high value and complicated historical development, it is not surprising that various issues hamper their actual use.

In addition to requiring issuers to list specific products regarding trade names, trademarks, and other intellectual property rights under its name, regulators typically pay attention to the following issues.

If there are homologous trademarks or trade names and the trademarks and trade names of all parties have been approved by the competent authorities, it is necessary to explain whether there is any confusion as stated in the law anti-unfair competition and other laws and regulations and whether it will mislead consumers into confusing the issuer’s products with those of other brands.

If, when using trademarks, trade names, patents or other intellectual property rights, the issuer has authorized third parties to use the intellectual property rights, it is necessary to explain the specific authorization regime (duration of validity, rights, responsibilities and obligations) and the provisions after expiration. It is also necessary to explain the quality control measures of the licensee’s products and whether it constitutes direct market competition for the issuer and the licensee to use the same brand to manufacture similar products.

PROTECTIVE MEASURES

Given the considerable value of traditional Chinese brands and the frequency of ownership disputes or infringements, regulators often require issuers to explain the steps taken to protect intangible assets such as intellectual property rights. These include, but are not limited to: preventive measures in case of trademark infringement; monitoring rights protection measures; and protection measures for non-patented technologies, as well as their effectiveness. Chinese traditional brand owners should also focus on these aspects.

KEY TO GO

In recent years, a growing number of owners of traditional Chinese brands – such as the iconic baijiu Kweichow Moutai, the historic duck restaurant Quanjude, the imperial Chinese medicine Beijing Tongrentang, the historic scissor maker Zhang Xiaoquan and the dumpling brand zongzi traditional WuFangZhai – aspire to harness the power of capital markets to sustain or rejuvenate their proud trajectories.

However, intellectual property rights, if poorly managed, can seriously hamper the process. Therefore, owners of traditional Chinese brands are advised to make preventive plans for intellectual property rights, clarify ownership issues, crack down on counterfeits, strictly enforce their use, and fully prepare for regulatory inspection. and the market.

national capital

Grandway Law Firms
7-8/F News Square
No. 26 Jianguomennei Avenue
Beijing, 100005, China

Tel: +86 10 8800 4488
Fax: +86 10 6609 0016

Email: liulu@grandwaylaw.com

www.grandwaylaw.com

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☕ July 26 afternoon briefing | Policy https://sofrelop.com/%e2%98%95-july-26-afternoon-briefing-policy/ Tue, 26 Jul 2022 09:41:00 +0000 https://sofrelop.com/%e2%98%95-july-26-afternoon-briefing-policy/ Hanoi (VNA) – The following is a brief overview of the day’s events as reported by the Vietnamese News Agency July 26. – Prime Minister Pham Minh Chinh has ordered the acceleration of vaccination against COVID-19 in the face of the resurgence of the pandemic in some countries. He made the request in an official […]]]>

Hanoi (VNA) – The following is a brief overview of the day’s events as reported by the Vietnamese News Agency July 26.

– Prime Minister Pham Minh Chinh has ordered the acceleration of vaccination against COVID-19 in the face of the resurgence of the pandemic in some countries.

He made the request in an official dispatch sent to people’s committees of provinces and cities nationwide, ministries, ministries and government agencies on July 25.Read full article

– On July 25, Vietjet jubilantly started operating Ho Chi Minh City – Busan service with the inaugural flight warmly welcomed with water cannons at Gimhae International Airport.

☕ July 26 afternoon briefing hinh anh 2Delegates cut the ribbon to launch new routes (Photo courtesy of Vietjet)

The inaugural flight of the Da Nang – Busan service also took off on July 20 while the Hanoi/Nha Trang – Busan routes were put back into service on July 1 and July 21 respectively. Read the full story

– Vietnam’s process manufacturing sector has so far attracted $252 billion in foreign direct investment (FDI), accounting for nearly 60 percent of total foreign capital flowing into the Southeast Asian country.

According to the Foreign Investment Agency under the Ministry of Planning and Investment, there are currently 34,898 valid FDI projects worth USD 426.14 billion in Vietnam. Read the full story

– Vietnam is on track to accelerate its breakthrough economic reform, but an upgrade is needed to meet the government’s aspirations for sustained, inclusive and green growth, an International Monetary Fund (IMF) expert has said.

☕ July 26 afternoon briefing hinh anh 3A view of Ho Chi Minh City from above (Photo: vneconomy.vn)

According to Era Dabla-Norris, Head of Article IV Consultation in the IMF’s Asia-Pacific Department, one of the most significant challenges holding back productivity and hampering the efficient allocation of resources is the pervasive economic differences between companies, sectors and workers. . Read the full story

– The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) reported an impressive pre-tax profit of 17.3 trillion VND (740.1 million USD) in the first half of 2022.

During the January-June period, the bank’s bad debt provisioning rate reached a record high of more than 500%, the highest in the market. Read the full story

– The Republic of Korea (RoK) received 153 Vietnamese workers on July 26 under the Work Permit System (EPS).

Of these labourers, 110 will work in the manufacturing industry, the others in the fishing sector. Read the full story

– The Vietnam National Tourism Administration (VNAT) is adopting measures to achieve the goal of welcoming 5 million foreign tourists this year, according to VNAT Director General Nguyen Trung Khanh.

☕ July 26 afternoon briefing hinh anh 4Tourists on Golden Bridge in the central coastal city of Da Nang. (Photo: VNA)

VNAT will further optimize markets that have resumed air links with Vietnam and those that have allowed their citizens to travel abroad and Vietnamese expatriates to return to their home countries after the COVID-19 pandemic has been brought under control. 19./. Read the full story

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Daiwa Securities Group Inc. acquires 21,709 shares of Mobile TeleSystems Public Joint Stock (NYSE:MBT) https://sofrelop.com/daiwa-securities-group-inc-acquires-21709-shares-of-mobile-telesystems-public-joint-stock-nysembt/ Sun, 24 Jul 2022 10:17:17 +0000 https://sofrelop.com/daiwa-securities-group-inc-acquires-21709-shares-of-mobile-telesystems-public-joint-stock-nysembt/ Daiwa Securities Group Inc. increased its stake in Mobile TeleSystems Public Joint Stock (NYSE: MBT – Get a rating) by 20.6% during the 1st quarter, according to its last 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,059 shares of the wireless communications provider after acquiring an additional 21,709 shares during […]]]>

Daiwa Securities Group Inc. increased its stake in Mobile TeleSystems Public Joint Stock (NYSE: MBTGet a rating) by 20.6% during the 1st quarter, according to its last 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,059 shares of the wireless communications provider after acquiring an additional 21,709 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Mobile TeleSystems Public Joint Stock were worth $698,000 at the end of last quarter.

Several other hedge funds and other institutional investors have also increased or reduced their stakes in the company. CWM LLC purchased a new position in shares of Mobile TeleSystems Public Joint Stock during Q1 worth $56,000. Pinnacle Wealth Planning Services Inc. purchased a new stock position in Mobile TeleSystems Public Joint Stock during Q1 for $66,000. Caisse DE Dépôt ET Placement DU Québec increased its holdings of Mobile TeleSystems Public Joint Stock by 1.3% during the 4th quarter. Caisse DE Dépôt ET Placement DU Quebec now owns 1,074,986 shares of the wireless communications provider valued at $8,546,000 after purchasing an additional 14,000 shares during the period. Virtus ETF Advisers LLC increased its holdings of Mobile TeleSystems Public Joint Stock by 18.5% during the 4th quarter. Virtus ETF Advisers LLC now owns 199,602 shares of the wireless communications provider valued at $1,587,000 after purchasing an additional 31,091 shares during the period. Finally, Squarepoint Ops LLC increased its equity stake in Mobile TeleSystems Public Joint Stock by 90.4% during the 4th quarter. Squarepoint Ops LLC now owns 372,165 shares of the wireless communications provider valued at $2,959,000 after purchasing an additional 176,651 shares during the period. 20.05% of the shares are held by institutional investors.

Mobile TeleSystems Public Joint Stock Stock Performance

NYSE: MBT opened at $5.50 on Friday. The company has a debt ratio of 16.71, a current ratio of 0.55 and a quick ratio of 0.51. The company has a market capitalization of $5.50 billion, a price-earnings ratio of 6.79 and a beta of 0.96. Mobile TeleSystems Public Joint Stock has a one-year low of $5.34 and a one-year high of $10.07. The company has a fifty-day moving average price of $5.50 and a 200-day moving average price of $5.99.

Mobile TeleSystems Public Joint Stock (NYSE: MBTGet a rating) last released its quarterly earnings data on Wednesday, May 18. The wireless communications provider reported EPS of $0.08 for the quarter. The company had revenue of $1.57 billion in the quarter. Mobile TeleSystems Public Joint Stock achieved a return on equity of 469.07% and a net margin of 9.62%.

A Wall Street analyst gives his opinion

Separately, StockNews.com began covering Mobile TeleSystems Public Joint Stock in a report on Thursday, May 12. They set a “Strong Buy” rating on the stock.

Profile of public shareholders Mobile TeleSystems

(Get a rating)

Mobile TeleSystems Public Joint Stock Company provides telecommunications services primarily in Russia. It offers voice and data transmission, Internet access, broadband, pay-TV and various value-added services via wireless and fixed lines; fintech services; and B2B cloud and digital solutions, as well as the sale of equipment, accessories and software.

Further reading

Want to see which other hedge funds hold MBTs? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mobile TeleSystems Public Joint Stock (NYSE: MBTGet a rating).

Institutional ownership by quarter for Mobile TeleSystems Public Joint Stock (NYSE:MBT)



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Azerbaijani President approves new composition of Commission on Renewable Energy Sources https://sofrelop.com/azerbaijani-president-approves-new-composition-of-commission-on-renewable-energy-sources/ Fri, 22 Jul 2022 17:45:00 +0000 https://sofrelop.com/azerbaijani-president-approves-new-composition-of-commission-on-renewable-energy-sources/ Azerbaijani President Ilham Aliyev signed a decree amending Presidential Decree No. 1673 of December 5, 2019 on measures for implementing pilot renewable energy projects, News.az reports. According to the decree, the following changes have been made: – in the title the words “measures for the implementation of the pilot projects” have been replaced by the […]]]>

Azerbaijani President Ilham Aliyev signed a decree amending Presidential Decree No. 1673 of December 5, 2019 on measures for implementing pilot renewable energy projects, News.az reports.

According to the decree, the following changes have been made:

– in the title the words “measures for the implementation of the pilot projects” have been replaced by the words “additional measures linked to the implementation of the projects”;

Part 1

– the word “pilot” has been deleted from the first paragraph;

– the composition of the Commission established in accordance with this part is fixed as follows:

Chairman of the committee

Minister of Energy of Azerbaijan

Committee members

Deputy Minister of Economy of Azerbaijan

Deputy Minister of Finance of Azerbaijan

Deputy Minister of Justice of Azerbaijan

Deputy Minister of Emergency Situations of Azerbaijan

Deputy Minister of Ecology and Natural Resources of Azerbaijan

Deputy Minister of Agriculture of Azerbaijan

Deputy Minister of Digital Development and Transport of Azerbaijan

Deputy Chairman of the State Committee for Urban Planning and Architecture of Azerbaijan

Deputy Chairman of the Board of the Central Bank of Azerbaijan

Chairman of the Board of the Azerbaijani Mine Action Agency

President of Azerenergy Open Joint Stock Company

Chairman of Open Joint-Stock Company “Azerishig”;

– In sub-paragraph 1.2.1 after the word “spheres”, the words “and bodies of water” are added and the words “within one month” are excluded from this sub-paragraph;

– In sub-paragraph 1.2.2, the words “within one month” are excluded;

– Paragraph 1.2.3 is worded as follows:

“1.2.3. With the participation of international consulting companies, ensuring the preparation of an agreement on the sale and purchase of electricity, an agreement on the connection of power plants to the electricity grid, an investment agreement and other necessary agreements”;

2.6. In sub-paragraph 1.2.5, the words “within one month” are deleted, at the end of this sub-paragraph, the point is replaced by a semicolon, followed by an addition – sub-paragraph 1.2.6 of the following content:

“1.2.6. submit proposals to the President of Azerbaijan on the expansion of incentive mechanisms for investors”;

3. Part 2 reads as follows:

“2. The Cabinet of Ministers of Azerbaijan is responsible for resolving issues arising from the Ordinance.”

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VN-Index is approaching the threshold of 1,200 https://sofrelop.com/vn-index-is-approaching-the-threshold-of-1200/ Wed, 20 Jul 2022 22:23:00 +0000 https://sofrelop.com/vn-index-is-approaching-the-threshold-of-1200/ VIETNAM, July 20 – HÀ NỘI — The market stabilized on Wednesday as concerns about inflation in the country eased, boosting investor sentiment. On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index approached the 1,200 point threshold. Of which, the market benchmark ended the trading day at 1,194.14 points, a gain of 15.81 points, […]]]>

VIETNAM, July 20 – HÀ NỘI — The market stabilized on Wednesday as concerns about inflation in the country eased, boosting investor sentiment.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index approached the 1,200 point threshold. Of which, the market benchmark ended the trading day at 1,194.14 points, a gain of 15.81 points, or 1.34%.

During the session, the breadth of the market remained in the positive zone, with 374 stocks up, while 87 stocks fell.

Liquidity has improved compared to the previous session. As a result, the total matching value in the market was VNĐ15.4 trillion (US$657.6 million), up 33%, of which the matching value on HoSE alone increased by 34% to reach over 12.9 trillion VNĐ.

The 30 largest stock tracker VN30-Index also jumped 13.92 points, or 1.15%, to 1,225.62 points. In the VN30 basket, 28 stocks rose, while only one fell and one remained unchanged.

The HNX index of the Hanoi Stock Exchange (HNX) also ended higher on Wednesday, up 4.44 points, or 1.56%, to 288.87 points.

On the northern exchange, almost 88.2 million shares were traded, worth 1.69 trillion VNĐ.

The rallying trend has strengthened since the market opened, with many stock symbols posting strong performances.

Market sentiment was bolstered after economists pointed out that the country’s inflation is under control and its monetary policies will not be influenced by rate hikes from major central banks.

Banking stocks returned to the top spot in the market, with Vietcombank (VCB) posting the biggest gain of 1.68% in market capitalization. Other bank stocks that contributed to the trend were BIDV (BID), Vietinbank (CTG), Tienphong Bank (TPB), Vietnam International Commercial Joint Stock Bank (VIB) and MBBank (MBB). Those shares rose at least 1.4% on Wednesday.

Supporting the uptrend, stocks in the manufacturing, energy, real estate, retail and information technology (IT) sectors also showed strong growth. For example, Vinhomes (VHM), Hòa Bình Construction Group JSC (HBC), Vietnam Rubber Group (GVR), Sabeco (SAB), PV Gas (GAS), FPT Corporation (FPT) and Mobile World Investment Corporation (MWG) have slightly rose in a range of 1-7%, with HBC hitting the biggest daily gain of 7%.

Meanwhile, foreign investors also returned to the market as they bought billions net on the two major exchanges. Of which, they bought a net worth of 194.35 billion VN on HoSE and 2.65 billion VN on HNX. —VNS

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Stocks to watch: Bank of Maharashtra, HeidelbergCement, Reliance, NTPC https://sofrelop.com/stocks-to-watch-bank-of-maharashtra-heidelbergcement-reliance-ntpc/ Tue, 19 Jul 2022 01:58:23 +0000 https://sofrelop.com/stocks-to-watch-bank-of-maharashtra-heidelbergcement-reliance-ntpc/ Here is the list of the top 10 stocks that will be in the spotlight today Bank of Maharashtra: The state-run Bank of Maharashtra on Monday reported a more than double jump in net profit to ₹452 crores in the April-June quarter, helped by healthy net interest income and improving asset quality. The lender had […]]]>

Here is the list of the top 10 stocks that will be in the spotlight today

Bank of Maharashtra: The state-run Bank of Maharashtra on Monday reported a more than double jump in net profit to 452 crores in the April-June quarter, helped by healthy net interest income and improving asset quality. The lender had reported a net profit of 208 crore on a stand-alone basis in the same quarter of FY2022. Net interest income (NII) increased by 20% to 1,686 crore compared to 1,406 crores in the first quarter of FY22.

HeidelbergCement India: HeidelbergCement India on Monday announced a 24.82% drop in net profit to 51.61 crore for the June quarter 2022-23, impacted by an increase in operating costs. The company reported a net profit of 68.65 crores in April-June a year ago, HeidelbergCement said in an ESB filing. However, operating income increased by 6.10% for 589.89 crore in the quarter under review of 555.94 crore in the period a year ago.

Trust Industries: Arm Reliance Jio Infocomm has implemented 14,000 crore as an earnest money (EMD), more than half of the amount submitted by bidders for the 5G spectrum auction, according to official data released on Monday. The second highest amount of money as an EMD was invested by Bharti Airtel Limited at 5,500 crores. Adani Data Networks EMD amount is 100 crore, according to data released by the Department of Telecommunications.

NTPC: The public electricity giant NTPC and Indian Oil have signed a pact to form a joint venture to meet the electricity needs of the oil major’s upcoming projects. NTPC and Indian Oil have signed a joint venture agreement to meet the power requirements of Indian Oil’s upcoming refinery projects, a statement from the company said. Unified with the aim of increasing the use and capacity of renewable energy sources in the country, the state-owned companies have partnered to set up renewable energy-based power plants for Indian Oil refineries , did he declare.

Adani Enterprises: State-owned CIL has canceled its first tender for short-term coal imports in which Adani Enterprises had emerged as the lowest bidder, sources said on Monday. For a medium-term tender for the supply of an additional 6 million tons (MT) of coal abroad, PT Bara Daya Energy had quoted 2,000 per ton less than the price offered by the firm of the Adani group. Coal India, at its board meeting held on July 8, decided to cancel the short-term tender of 2.416 million tonnes and PT Bara Daya Energy was asked to provide the shrinking quantity compared to the mid-term tender, the sources said.

industrial bank: Private lender IndusInd Bank said on Monday its board had approved a proposal to raise 20,000 crores of debt to finance the growth of the company. The Board has approved the raising of funds through debt securities in any authorized mode on the basis of a private placement that may be decided, for a total amount not exceeding 20,000 crores.

Indian oil: The company has signed a joint agreement with the state-owned company NTPC to meet electricity needs. Going forward, NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC, will form the JV company for the supply of electricity to Indian Oil. Indian Oil said it plans to meet the additional power needs of its refineries using 24-hour renewable energy up to 650 MW by December 2024 through this JV.

Mahindra and Mahindra: Mahindra & Mahindra announced on Monday that it has increased its stake in its Finnish branch Sampo Rosenlew Oy to 100% with the acquisition of residual shares for more than 35 crores. In a regulatory filing, Mahindra & Mahindra (M&M) said it signed an option-based share purchase agreement on Monday to acquire 1,317 shares of Sampo Rosenlew Oy, following the exercise of a stock option. purchase by him on the other shareholder of Sampo.

Yes Bank: Yes The Bank will invest up to 350 crore for a potential 20% stake in asset reconstruction company JC Flowers, which became the base bidder for the lender’s bad debt value 48,000 crore. The private sector lender plans to raise up to $1 billion in FY23 to bolster its capital base once the NPA challenge ends, its managing director and managing director Prashant Kumar told reporters on Monday. .

HCL Technologies: HCL Technologies has signed a multi-year agreement with the Netherlands-based pharmaceutical and personal care company DSM, the Indian IT company announced on Monday. Under the agreement, HCL will help accelerate the digital transformation of the Dutch pharmaceutical and personal care industry with a cloud-first strategy, agile delivery and next-generation security and networking practice, said HCL Technologies without disclosing the value of the agreement.

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Why I think it’s the best real estate stock https://sofrelop.com/why-i-think-its-the-best-real-estate-stock/ Sun, 17 Jul 2022 09:30:00 +0000 https://sofrelop.com/why-i-think-its-the-best-real-estate-stock/ Real estate stocks are sometimes relegated to the “widows and orphans” section of investment accounts. They are generally low risk, low excitement and modest returns. At least they were, until recent years when real estate stocks first soared, thanks to easy money fueling increased demand, only to then tumble en masse. Many real estate stocks […]]]>

Real estate stocks are sometimes relegated to the “widows and orphans” section of investment accounts. They are generally low risk, low excitement and modest returns. At least they were, until recent years when real estate stocks first soared, thanks to easy money fueling increased demand, only to then tumble en masse. Many real estate stocks have fallen 30% or more this year. This represents an excellent buying opportunity for investors.

My favorite real estate stock is Medical Properties Trust (MPW 1.42%). Medical Properties is a niche REIT that owns and leases properties to hospital operators. It was founded to match REIT real estate and financing experts with hospital operators, who traditionally have the expertise to run a hospital but lack the knowledge to secure the significant financing needed to build a hospital. .

Medical Properties offers investors an attractive combination of growth, value, yield and economic resilience. Like most real estate stocks, it’s down this year – currently around 34%. Investors who can hold their noses in the short term will likely reap good long-term gains. Let’s see why Medical Properties is a good value now.

Image source: Getty Images.

Growth and value

Medical Properties is in growth mode. It has more than doubled its total assets since 2019 and acquired an additional $12 billion worth of properties during that time. Revenues have grown from $850 million in 2019 to $1.5 billion in 2021.

Thanks to this growth profile, the stock has outperformed other healthcare REITs over the past three, five and ten-year periods. Usually, investors have to pay for growth stocks, but this year’s decline in stock prices may have provided an opening for bargain hunters.

The REIT trades for a price-to-earnings (P/E) ratio of 8.4 and a price-to-book (P/B) of 1.05. Its five-year averages for the two ratios are 17.56 and 1.46, respectively. As late as 2021, it was trading at a P/E of 24.61. If the shares returned to the average multiple, it would cause the share price to increase by almost 300%.

Wall Street is certainly down on the title, but is it justified? The problem may be future growth potential.

As interest rates rise, it becomes more difficult and more expensive for the REIT to finance new hospital acquisitions. Management estimates it will be able to make between $1 billion and $3 billion in new purchases this year, but the total will depend on what it can finance with equity. This potentially means selling existing properties or through joint ventures.

The REIT probably won’t grow as fast over the next few years as it has over the past five years, but its price is currently showing no growth at all.

Yield

Medical Properties’ current dividend yield is 7.3%, an amount that would be mouthwatering for even the most aggressive growth investor. The REIT has paid a dividend quarterly since October 2004. During this period, the dividend has increased from $0.10 per share to $0.29 per share. That’s not amazing dividend growth, but remember that the REIT is focused on growing its business as well as paying dividends.

Let’s use the dividend payout ratio to determine if the dividend is sustainable. Over the past 12 months, Medical Properties has paid a total of $1.16 per share in dividends and earned $1.87 in diluted earnings per share. This means that she paid dividends equal to 62% of her net income. There is plenty of room to continue paying dividends.

We can also compare the REIT’s dividends paid to funds from operations (FFO), which is an industry-specific measure of cash flow. In 2021, Medical Properties achieved an adjusted FFO of $1.36 per share and paid $1.12 per share in dividends. According to a recent management presentation, it has increased its adjusted FFO and dividend for 10 consecutive years.

Economic resilience

The last part of our analysis is the economic resilience of the REIT. It may surprise you that I’m writing this about a stock that’s fallen 34% in six months, but remember, it’s what happens to the company that matters. If the stock price drops 34% and the company still generates the same cash flow, it just means the stock might be undervalued.

Medical Properties is uniquely designed to withstand both an economic downturn and a period of prolonged inflation. It can do both because its tenants have significant pricing power – ensuring their ability to keep paying rent – ​​and they are essential businesses.

In times of economic downturn, people still have to go to the hospital. If prices go up, people still have to pay for their health care. Medical Properties is unlikely to experience the level of vacancy that other REITs would experience in a recession, and it has built in price escalations into its leases to benefit from inflation.

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