JAKARTA - PT Sunindo Pratama Tbk (SUNI), an oil country tubular goods (OCTG) manufacturer, booked revenue of IDR 522.4 billion in the first half of 2024, nearly double the revenue seen in H1 2023 of IDR 263.2 billion, or increasing 98.6% year-on-year (yoy). “This surge in revenue was driven by significant increases in the sales...
While reporting financial results for the second quarter on Thursday, technology company Insight Enterprises, Inc. (NSIT) reaffirmed its adjusted earnings guidance for the full year 2024. For fiscal 2024, the company continues to project adjusted earnings in the range of $10.60 to $10.90 per share. On average, five analysts polled by Thomson Reuters expect earnings...
Canadian shares are likely to open with a positive bias Thursday morning, tracking higher crude oil and bullion prices. Activity for most part of the session is likely to be stock specific with investors reacting to a slew of quarterly earnings announcements. On the economic front, a report on Canadian manufacturing activity in the month...
The Thai stock market has moved higher in two straight sessions, advancing more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,310-point plateau and it\'s expected to open under pressure on Wednesday. The global forecast for the Asian markets is mixed to lower, with...
At 11:55 pm ET in the early Asian session on Wednesday, the Bank of Japan announced its monetary policy decision to raise interest rate around 0.25%. After the BoJ rate decision, the yen retreated against its major rivals. As of 12:01 am ET, the yen was trading at 166.56 against the euro, 197.62 against the...
Indian shares opened on a positive note Wednesday, tracking firm cues from other Asian markets on expectations for more stimulus from Beijing to bolster its struggling economy. The benchmark S&P BSE Sensex was up 150 points, or 0.2 percent, at 81,607 in early trade while the broader NSE Nifty index was up 53 points, or...
Shares of HSBC Holdings Plc were gaining more than 4 percent on the London Stock Exchange as well as in pre-market activity on the NYSE after the British lending major on Wednesday reported higher pre-tax profit, despite weak revenues. The company also lifted fiscal 2024 banking net interest income outlook, and also said it intends...
Indian shares eked out modest gains on Wednesday as investors eagerly awaited the Federal Reserve\'s monetary policy decision later in the day for direction. The Fed is widely expected to leave interest rates unchanged, but the accompanying statement might provide hints on the timing and pace of interest-rate cuts in the next few months. Traders...
While reporting financial results for the second quarter on Tuesday, technology solutions provider BorgWarner Inc. (BWA) raised its earnings and adjusted earnings for the full-year 2024, while trimming annual net sales outlook. For fiscal 2024, the company now projects earnings in a range of $3.88 to $4.05 per share and adjusted earnings in a range...
While reporting financial results for the second quarter on Wednesday, Kraft Heinz Co. (KHC) reaffirmed its adjusted earnings and organic net sales growth guidance for the full-year 2024. For fiscal 2024, the company still projects adjusted earnings in a range of $3.01 to $3.07 per share, but now projects organic net sales to be down...