According to stock market experts, Yes Bank has strong support at ₹15 apiece levels and any dip around ₹15.50 to ₹16 per share should be seen as buying opportunity by positional investors as these banks might offload their entire shareholding in Yes Bank immediately after the end of lock-in period. They went on to add that Yes Bank share price may come under pressure due to stake cut speculation by these banks but positional investors should maintain stop loss at ₹15 and keep on accumulating on every big dip for medium term target of ₹20 to ₹22 per share levels. Speaking on Yes Bank share price outlook, Avinash Gorakshkar, Head of Research at Profitmart Securities said, "SBI and other banks took position in Yes Bank to bail it out from the crisis. In last three years, Yes Bank’s financial condition has improved and there is long way for the bank to become a profit making bank. So, SBI , ICICI Bank, HDFC Bank , IDFC First Bank may not offload their entire stake at random. In fact, I am expecting them to wait for the Q4FY23 results of the Yes Bank. Only after that, they may take any decision […]

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Source: Shutterstock Key Insights The projected fair value for AAR is US$79.08 based on 2 Stage Free Cash Flow to Equity Current share price of US$56.60 suggests AAR is potentially 28% undervalued Analyst price target for AIR is US$57.00 which is 28% below our fair value estimate Today we will run through one way of estimating the intrinsic value of AAR Corp. ( NYSE:AIR ) by taking the expected future cash flows and discounting them to today’s value. One way to achieve this is by employing the Discounted Cash Flow (DCF) model. Believe it or not, it’s not too difficult to follow, as you’ll see from our example! We generally believe that a company’s value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model . See our latest analysis for AAR The Model We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the […]

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Yield10 Bioscience, Inc., an agricultural bioscience company, has announced its 2023 enrollment program for contract production of Camelina. Yield10 is offering contracts for both spring and winter varieties of Camelina to farmers located in Western Canada (Alberta, Saskatchewan and Manitoba), and Northern U.S. (Montana, North Dakota, South Dakota, Idaho and Minnesota). Yield10 is offering growers offtake production contracts for Camelina with net returns similar to canola, a strategy the Company believes will enable it to participate in the high-growth biofuels market. In 2023, Yield10 plans to contract with growers for planting high-performing, spring and winter Camelina varieties as part of an initiative to establish pre-commercial production and offtake relationships in the biofuels market. These grower contracts currently do not require up-front costs for seed and provide a guaranteed minimum revenue per acre. Among the benefits of the program is that it allows for the product to be moved off the farm quickly following harvest. Yield10 plans to expand the planting acreage going forward by providing growers improved varieties, including introducing herbicide tolerant Camelina to enable better weed control and higher yields over time. Yield10 is currently field-testing herbicide tolerant Camelina varieties for seed scale up, regulatory approval, and commercial […]

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Walmart will close eight stores in five states and Washington, DC. Walmart will close eight stores in five states and Washington, DC. The company is also winding down its two remaining pickup locations in Illinois and Arkansas. Each year, the company typically closes a handful of stores it considers to be "underperforming." Walmart will close eight retail locations across the US this year, citing poor financial performance at each. The recent closures follow a trend of Walmart closing a handful of stores across various states each year , with the company saying that the stores are "underperforming" without providing specifics. In addition, the retail giant is ending its nine-year experiment with two pick-up only locations in Illinois and Arkansas. Here are the latest store closings: Arkansas: 3701 SE Dodson Road, Bentonville (Pick-up only concept) DC: 99 H Street NW, Washington Florida: 6900 US Highway 19 North, Pinellas Park (Neighborhood Market concept) Illinois: 17550 South Halsted St, Homewood 12690 S. Route 59, Plainfield 840 N. McCormick Blvd, Lincolnwood (Pick-up only concept) New Mexico: 301 San Mateo Blvd. SE, Albuquerque Oregon: 4200 82nd Ave. SE, Portland 1123 N Hayden Meadows Dr., Portland Wisconsin: 10330 W. Silver Spring Dr, Milwaukee Do you […]

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Monster’s Beast Unleashed beverages contain alcohol and use some of the same flavors as the brand’s energy drinks. Monster’s newest beverage isn’t an energy drink, but a hard seltzer. The Beast Unleashed contains 6% alcohol by volume and flavors inspired by its energy drinks. Big beverage makers like Coca-Cola and PepsiCo have added alcoholic options in recent years. Monster’s newest beverages taste a lot like some of the brand’s energy drinks — with one big difference. The company spent the early weeks of 2023 rolling out a line of alcoholic beverages. Called The Beast Unleashed, the drinks are made with malt alcohol and contain 6% alcohol by volume, though no caffeine or energy-inducing ingredients. The flavors, including Peach Perfect and Scary Berries, are modeled on those Monster already uses for its energy drinks. The beverages are for sale in six states so far in 2023: Arizona, California, Colorado, Florida, Ohio, and Iowa. They will be available across the US by the end of the year, Monster Co-CEO Rodney Sacks said during the company’s earnings call late Tuesday. Energy drinks make up the vast majority of Monster’s sales. But the Beast beverages are its latest attempt to diversify its business. […]

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Nouriel Roubini. A recession, a debt crisis, and stagflation will hit the US economy this year, Nouriel Roubini said. Roubini, aka Wall Street’s "Dr. Doom," has said for months another financial crisis will hit. Central bankers will be forced to quit their inflation fight, with out-of-control prices, he said. A "perfect storm" is brewing, and markets this year are going to get hit with a recession, a debt crisis, and out-of-control inflation, the economist Nouriel "Dr. Doom" Roubini said. Roubini, one of the first economists to call the 2008 recession, has been warning for months of a stagflationary debt crisis , which would combine the worst aspects of ’70s-style stagflation and the ’08 debt crisis. "I do believe that a stagflationary crisis is going to emerge this year," Roubini said Thursday in an interview with Australia’s ABC . With consumer inflation still sticky at 6.4%, Roubini said he estimated that the Federal Reserve would need to lift benchmark rates "well above" 6% for inflation to fall back to its 2% target. That could spark a severe recession, a stock-market crash, and an explosion in debt defaults, leaving the Fed with no choice but to back off its inflation fight […]

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TOKYO, March 2, 2023 /PRNewswire/ — GA technologies Co., Ltd. (Headquarters: Minato-Ku, Tokyo; CEO: Ryo Higuchi; Securities Code: 3491 the “Company”) hereby announces the launch of new business in our group, “MtechA”, an M&A intermediary digital transformation service. This service follows the Group’s online real estate marketplace “RENOSY” and real estate digital transformation business “ITANDI” and is the Group’s first venture outside the field of real estate. MtechA Inc. was already established on August 1, 2022, and today, March 1, 2023, we are pleased to announce as a voluntary disclosure that we have decided to officially begin offering our services as follows. 1. Purpose and Background of Service Launch Since our founding in 2013, we have promoted digital transformation in the real estate industry, which has been considered analog, based on our corporate philosophy of “Building a world leading company that inspires and impresses people with the power of technology and innovation.” We have strived to improve the quality of business operations in the real estate industry by accelerating the PDCA cycle and integrating technology with real estate transaction practices such as streamlining operations using technologies such as AI and RPA, shifting operations online, and improving the customer experience […]

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Nokia and Indosat Ooredoo Hutchison (IOH) have announced a Memorandum of Understanding (MoU) to launch an advanced enterprise campus private wireless network in key regions across Indonesia. As part of the MoU, the Nokia private wireless solution will be deployed in East and Central Java, Sumatera and Kalimantan. The MoU marks a shared vision of IOH and Nokia to accelerate Indonesia’s Digital Transformation agenda. The collaboration is designed to elevate industrial operations with highly reliable, low-latency connectivity in tandem with a program closely linked to the government’s digital economic development plan. Vikram Sinha, President Director and CEO, Indosat Ooredoo Hutchison, said: “IOH is a purpose-driven company to connect and empower the people of Indonesia by accelerating the nation’s Digital Transformation through our key strategy focusing on a partnership first approach. Our collaboration with Nokia, the leader in private wireless, is critical to pursue this purpose. “ Ricky Corker, Chief Customer Experience Officer, Nokia, said : “We are excited to bring our extensive experience in mission-critical networking to this collaboration with Indosat Ooredoo Hutchison to help accelerate their Digital Indonesia Strategy.”

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Ericsson will provide Comsol with its Private 5G solution to expand enterprise business within South Africa’s mining industry. The partnership will also take the nature of a reseller agreement, giving Comsol the right to resell secure and sustainable solution to customers. Ericsson Private 5G is a platform for digitization which enables smart solutions to drive efficiencies and safety within the mining operations Ericsson (NASDAQ: ERIC) has signed a reseller agreement with Comsol at Mobile World Congress 2023, Barcelona, Spain to provide the Ericsson Private 5G solution that will enable Comsol to expand its enterprise business within South Africa’s mining industry. With Ericsson’s high-end connectivity solution and Comsol’s expertise in mining and systems integration, this collaboration is set to help the nation’s mining industry improve worker safety, increase operational efficiency, and realize its sustainability goals. Ericsson Private 5G is Ericsson’s next generation private network solution providing secure and reliable 4G and 5G connectivity through its single server dual mode core. Built for business operations, the solution comes pre-integrated to ensure rapid time to use and turning on advanced and intelligent operations in any environment. Taking the nature of a reseller agreement, Comsol will receive the right to resell the high-speed […]

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Laurence Dutton Thesis Thoughtworks (NASDAQ: TWKS ) has several key qualities that I consider essential for a successful IT Services growth stock, including a 20%+ revenue growth rate, high-quality relevant work, and delivery as evidenced by industry-leading revenue per employee and margins, a strong culture that attracts and retains top talent, and an experienced management team. The Digital Transformation Market is expected to grow at a double-digit rate through 2029, which I believe sets TWKS to benefit from the trend. I keep a Buy rating on the company’s stock with a price target of $16. Post Q4 2022 Earnings Outlook TWKS performed well in the fourth quarter, surpassing market estimates in terms of revenue and operating margins. However, the company provided cautious guidance for the first quarter and for 2023. Although I had expected a decline in TWKS’s 2023 CC organic growth based on the results of its peers, the growth guidance of 0-2% was lower than anticipated. I believe that this lower guidance reflects macro-related uncertainty, which could have a significant impact on TWKS’s consulting business. This may put pressure on the stock price in the near-term, however, TWKS is already trading at a considerable discount compared to […]

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