Investment Management
* On May 8 we advised to buy Sotheby’s between $33 and $36. Target Price: $45. Time Horizon: 18 Months * On 23 May, Sotheby’s traded at $35.49, within our $33-$36 Buy Range * On 1 Aug Sotheby’s surged to $45.98, above our $45 target price * Investors who followed our advice made a profit […]
* DBS, Southeast Asia’s largest bank, had offered on April 2, 2012, to buy 99 percent of Danamon — including a 67 percent stake from Temasek’s Fullerton Financial Holdings — for 66.4 trillion rupiah ($6.5 billion) * The proposed acquisition was hobbled after Indonesia implemented new bank ownership rules a year ago that limited DBS […]
* Diageo Plc, the world’s biggest distiller, said today it sees some “soft spots” in emerging markets and reported full-year sales growth at a slower pace than last year and its mid-term goal. * Trading in Brazil was “relatively soft” in the year ended June 30 and could continue to be weak in the first […]
* Dubai’s revived real estate market is showing signs of overheating again with average rental costs up almost a third over the past 12 months, five years since the emirate’s debt-laden property bubble burst. * Economic confidence has returned to the emirate’s trade, tourism and services sector as Dubai emerges as a haven amid regional […]
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