Global Stock News & Our Latest Stock Pick

We have stock tips from Britain, Denmark, Singapore, Portugal, Israel, China, and points in between. But first another new stock pick:

*Denmark's Novo Nordisk AS, with a 90-year-old world diabetes treatment franchise, is getting into the related business of treating obesity. It expects FDA approval for its injectable obesity drug, Saxenda. For our full free report on this stock see our related TalkMarkets article here.

*Motley Fool Singapore's David Kuo reports that a client of our Global Logistics Properties share, Tmall, is part of the Alibaba group which hits the market tomorrow. Having revealed this, Kuo then attacks GBTZF for failing to sell assets like other Singapore real estate firms do. It makes $105 in net on every $100 of sales but then fails to cash out net asset value. Asset turnover is a feeble 0.04 and it only generates $4 from every $100 of assets. Global Logistics' return on equity is 6%, mainly the result of its very high net income margin. The company is also insufficiently leveraged in his view, at a 1.4 ratio, below other firms in the local Straits Times Index. Unlike Kuo, we value a stable property portfolo as long as it is paying off. And we note, as he didn't, that GBTZF creates partnerships with Singapore's sovereign wealth fund, Canadian pension plans, and Japanese J-REITs to enable it to raise money via a partial spinoff while continuing to manage its very profitable real estate portfolio.

*Berenberg brokers like Reckitt Benckiser on fundamentals and because it has beaten its peers in producing “total shareholder return and cumulative EPS”. But analyst James Targett cut it to hold because of their price target having been hit. RBGLY promptly hit a new London 52-wk high at £54.995 this morning. 

*The drop this week in shares of Ituran Location and Control turns out to be the result of a dominant shareholder's exit for its own financial needs. ITRN issuee a clarifying announcement that 6.8% of its shares had been sold by FK Generations and Equipment, which is also Israeli

*Oi is up smartly in Brazil as it looks like there will be a horserace to see who gets into its shareholder group alongside Portugal Telecom. That has boosted the valuation of PT which merged into Oi by 1.8% in Lisbon and 2.65% in NY so far today. Telecom Italia is reportedly interested in buying into Oi.

*The sinking of Naibu continues. The UK AIM has no “Sitzfleisch”. NBU is down another 18%. NBU should consider taking over the German-listed Ultrasonic shoe factory in China whose CEO and CFO have reportedly left with the cash of the shoe company which makes footwear for work and play.

*Cosan is asking its Brazilian shareholders to okay its partial cession of Cosan Logistics to take over ALL, America Latina Logistics. CZZ US ADR owners have not been polled yet, only those who read Portuguese.

*A Canadian reader asked if I am relieved to be out of Bombardier of Quebec. Oui. Further delays of BDRAF'ss C-Series are now forecast by analysts.

 

Disclosure: None

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