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ECB Vice President Guindos: We already understand the side effects of stimulus policies; we will pay more attention to the impact on financial stability.ECB Vice President Guindos: I fully believe that the Feds swap line will continue to be maintained, and the issue of transferring gold reserves back from New York has not even been discussed.ECB Vice President Guindos: In the medium term, tariff measures will suppress both economic growth and inflation.ECB Vice President Guindos: The risk of inflation falling below target is very limited; inflation risks are in balance. The market fully understands the message of the ECB after the decision, and the ECB is very close to the target.According to a Macquarie Research report on June 16, Chow Tai Fook (01929.HK) is expected to see a 15% year-on-year decline in revenue in the second half of fiscal year 2025. Operating profit increased by 15% year-on-year, exceeding the banks expectations of 13% and market consensus by 11%. Net profit increased by 74% year-on-year, exceeding the banks expectations by 24%. Macquarie believes that Chow Tai Fook will achieve steady profit growth in fiscal year 2026 thanks to the recovery in demand for gold jewelry and improved efficiency. It has placed Chow Tai Fook on the Select Buy List and given it an "outperform" rating. Macquarie lowered its net income forecasts for Chow Tai Fook in fiscal years 2026 and 2027 by 1.6% and 1.9%, respectively, to reflect full-year guidance and gold price fluctuations. Based on the unchanged 15x forecast P/E ratio for fiscal year 2026, the bank lowered Chow Tai Fooks target price by 1.4% to HK$14.1.

Panasonic Anticipates A Rise in Global Automobile Production This Fiscal Year

Aria Thomas

Jun 01, 2022 14:49

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Panasonic (OTC:PCRFY) Holdings Corp, which manufactures batteries for Tesla (NASDAQ:TSLA) and other automakers, stated on Wednesday that it anticipates a recovery in global vehicle production this fiscal year, but that the two-year semiconductor shortage will persist.


Masashi Nagayasu, CEO of the Japanese conglomerate's automotive business, which manufactures in-car infotainment systems and other auto components, stated, "We will operate our business in consideration of the risks of fluctuations in vehicle manufacturing."


Nagayasu stated on the first day of Panasonic's annual investor event that the company has no plans to produce automobiles.


Panasonic, whose automotive division accounts for approximately 14 percent of its entire revenue, anticipates a 19 percent increase in sales for the fiscal year ending in March 2023. It anticipates an operational profit increase of roughly 17 percent.


Due to component shortages caused by COVID-19 lockdowns in China and higher commodity prices as a result of Russia's invasion of Ukraine, the company stated last month that it did not anticipate a profit increase for this fiscal year.


(This item corrects the firm name in paragraph 1 to Panasonic Holdings Corp from Panasonic Corp, and the sales growth forecast in paragraph 4 to 19 percent from 10 percent, and the operating profit forecast to nearly 17 percent from 15 percent decline.)


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