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Kingsoft Office stock downgraded as BofA sees SaaS shift weighing on growth By Investing.com

On Thursday, BofA Securities made a notable adjustment in its stance on Beijing Kingsoft Office Software Inc (688111:CH), downgrading the stock from Buy to Neutral. Despite the downgrade, the firm increased its price target to RMB279.00, up from the previous RMB235.00. The revision reflects a mixed outlook on the company’s financial performance. The analyst cited […]

Govt seeks to restore confidence in stock market

Finance Adviser Dr Salehuddin Ahmed on Wednesday said the government is actively working to restore investor confidence in Bangladesh’s capital market, with a focus on both short- and long-term stability measures. Following a meeting with the Bangladesh Securities and Exchange Commission (BSEC) at its headquarters in Dhaka’s Agargaon, Dr Salehuddin addressed reporters, highlighting the government’s […]

Eli Lilly stock tumbles 10% after drug giant misses estimates and slashes profit guidance

Lilly Biotechnology Center is shown in San Diego, California, U.S. March 1, 2023. Mike Blake | Reuters Eli Lilly on Wednesday fell short of profit and revenue expectations for the third quarter, weighed down by disappointing sales of its blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro, and slashed its full-year adjusted profit guidance. […]

Xi Is Overcoming His Dislike of the Stock Market

In late September, China’s stock market, beleaguered by weak economic indicators and a crumbling property sector, experienced an unexpected rally. After previous hesitation over major interventions, Beijing’s stimulus measures sparked a surge in Chinese equities, briefly reigniting optimism. Yet what truly puzzled market observers was Beijing’s newfound approach to managing the market itself. After allowing […]