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Toyota Taps BYD To Launch Mid-Range Electric Vehicle In China

A month after launching its first all-electric car, Toyota Motor Corp. (TYO: 7203) seems to be working on adding a
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This article was originally published by The Deep Dive

A month after launching its first all-electric car, Toyota Motor Corp. (TYO: 7203) seems to be working on adding a second electric vehicle to its lineup. The Japanese automaker is reportedly tapping Chinese manufacturer BYD Co. Ltd. (SHE: 002594) to work on a more affordable model set to take a slice of the Chinese electric vehicle market.

Reuters reported that sources relayed Toyota will be partnering with BYD for its lithium-iron-phosphate (LFP) Blade batteries and engineering expertise.

The new electric vehicle is anticipated to be priced at US$30,000, below the premium lines like Tesla Model Y or Nio ES6 but above China’s best-selling electric vehicle Hong Guang Mini which starts at US$4,500.

A Toyota spokesperson did not confirm the news when sought for comment while BYD declined to comment, according to Reuters.

It is expected that the electric car model will be unveiled at the next Beijing auto show, slated to be the second model in the carmaker’s BZ electric vehicle line.


Information for this briefing was found via Reuters. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Toyota Taps BYD To Launch Mid-Range Electric Vehicle In China appeared first on the deep dive.

Author: ER Velasco

Base Metals

Financial Review: ROHM (OTCMKTS:ROHCY) vs. Loomis AB (publ) (OTCMKTS:LOIMF)

ROHM (OTCMKTS:ROHCY) and Loomis AB (publ) (OTCMKTS:LOIMF) are both mid-cap computer and technology companies, but which is the superior business? We will…

ROHM (OTCMKTS:ROHCY) and Loomis AB (publ) (OTCMKTS:LOIMF) are both mid-cap computer and technology companies, but which is the superior business? We will compare the two companies based on the strength of their analyst recommendations, risk, profitability, dividends, valuation, institutional ownership and earnings.

Analyst Recommendations

This is a summary of current ratings and price targets for ROHM and Loomis AB (publ), as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
ROHM 0 0 0 1 4.00
Loomis AB (publ) 0 0 0 0 N/A

Earnings and Valuation

This table compares ROHM and Loomis AB (publ)’s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
ROHM $3.40 billion 2.43 $347.82 million $2.52 15.86
Loomis AB (publ) $2.05 billion 1.02 $78.04 million $1.33 20.98

ROHM has higher revenue and earnings than Loomis AB (publ). ROHM is trading at a lower price-to-earnings ratio than Loomis AB (publ), indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares ROHM and Loomis AB (publ)’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
ROHM 13.30% 7.10% 5.92%
Loomis AB (publ) 4.49% 9.24% 3.29%

Summary

ROHM beats Loomis AB (publ) on 7 of the 9 factors compared between the two stocks.

About ROHM

ROHM Co., Ltd. engages in the design and manufacture of integrated circuits and other electronic components. It operates through the following segments: LSI Integrated Circuits, Discrete Semiconductor Devices, Module and Others. The LSI Integrated Circuits segment includes analog ICs, logic ICs, memory ICs, ASICs, and foundry business operations. The Discrete Semiconductor Devices segment covers diodes, transistors, light-emitting diodes, and laser diodes. The Module segment produces power modules that include print head and optical modules. The Others segment deals with resistors, tantalum capacitors, power modules, and lighting products. It also develops large scale integrated (LSI) scanner engines designed specifically for cordless hand-held scanners. The company was founded by Kenichiro Sato in December 1954 and is headquartered in Kyoto, Japan.

About Loomis AB (publ)

Loomis AB engages in the provision of cash handling solutions. It offers cash in transit, analysis, planning, cash management services and international services for banks, retailers and other companies. The firm also operates through the following segments: Europe, USA, and Other. The Europe and USA segment focuses on cash handling services. The Other segment deals with the risk management function and other functions managed at group level. The company was founded in 2006 and is headquartered in Stockholm, Sweden.

The post Financial Review: ROHM (OTCMKTS:ROHCY) vs. Loomis AB (publ) (OTCMKTS:LOIMF) appeared first on ETF Daily News.

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Zacks Investment Research Lowers South32 (OTCMKTS:SOUHY) to Hold

South32 (OTCMKTS:SOUHY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on…

South32 (OTCMKTS:SOUHY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday, Zacks.com reports.

According to Zacks, “South32 Limited is a resources company. The Company primarily produces alumina, aluminium, coal, manganese, nickel, silver, lead and zinc. South32 Limited is based in Perth, Australia. “

Other equities research analysts have also issued reports about the company. Investec began coverage on South32 in a research note on Tuesday, December 14th. They set a “buy” rating for the company. UBS Group increased their price objective on South32 from GBX 230 ($3.10) to GBX 240 ($3.24) in a report on Tuesday. BMO Capital Markets reissued a “market perform” rating on shares of South32 in a research report on Friday, November 26th. Finally, Barclays reissued an “underweight” rating on shares of South32 in a research report on Friday, October 8th. One analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $128.00.

Shares of OTCMKTS SOUHY opened at $13.39 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.51 and a current ratio of 2.00. The stock’s 50 day moving average price is $14.01 and its two-hundred day moving average price is $12.80. South32 has a 52-week low of $9.62 and a 52-week high of $15.65.

About South32

South32 Ltd. operates as a metal and mining company. It operates through the following segments: Worsley Alumina, Hillside Aluminium, Mozal Aluminium, Brazil Alumina, South Africa Energy Coal, Illawarra Metallurgical Coal, Eagle Downs Metallurgical Coal, Australia Manganese, South Africa Managanese, Cerro Matoso, Cannington, and Hermosa.

Recommended Story: Cost of Goods Sold (COGS)

Get a free copy of the Zacks research report on South32 (SOUHY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

The post Zacks Investment Research Lowers South32 (OTCMKTS:SOUHY) to Hold appeared first on ETF Daily News.

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Jefferies Financial Group Analysts Give Klöckner & Co SE (ETR:KCO) a €14.35 Price Target

Jefferies Financial Group set a €14.35 ($16.31) price objective on Klöckner & Co SE (ETR:KCO) in a report issued on Wednesday morning, Borsen Zeitung…

Jefferies Financial Group set a €14.35 ($16.31) price objective on Klöckner & Co SE (ETR:KCO) in a report issued on Wednesday morning, Borsen Zeitung reports.

KCO has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft set a €16.10 ($18.30) price objective on shares of Klöckner & Co SE in a report on Thursday, November 4th. Nord/LB set a €13.00 ($14.77) price objective on shares of Klöckner & Co SE in a report on Wednesday, November 3rd. Credit Suisse Group set a €9.20 ($10.45) price objective on shares of Klöckner & Co SE in a report on Wednesday, November 10th. Warburg Research set a €15.50 ($17.61) price objective on shares of Klöckner & Co SE in a report on Wednesday, November 3rd. Finally, Kepler Capital Markets set a €10.00 ($11.36) target price on shares of Klöckner & Co SE in a research note on Thursday, November 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Klöckner & Co SE currently has an average rating of Buy and a consensus price target of €12.81 ($14.55).

KCO stock opened at €9.81 ($11.14) on Wednesday. The company’s 50-day moving average price is €10.37 and its 200 day moving average price is €11.05. The company has a current ratio of 2.04, a quick ratio of 0.88 and a debt-to-equity ratio of 27.18. Klöckner & Co SE has a 52 week low of €7.30 ($8.30) and a 52 week high of €13.49 ($15.33). The company has a market cap of $978.05 million and a P/E ratio of 2.16.

About Klöckner & Co SE

Klöckner & Co SE, through its subsidiaries, distributes steel and metal products. It operates through Kloeckner Metals US, Kloeckner Metals Services Europe, Kloeckner Metals Switzerland, and Kloeckner Metals Distribution Europe segments. The company’s product portfolio includes flat steel products; long steel products; tubes and hollow sections; stainless steel and high-grade steel; aluminum products; and special products for building installations, roof and wall construction, and water supply.

Further Reading: How a Put Option Works

The post Jefferies Financial Group Analysts Give Klöckner & Co SE (ETR:KCO) a €14.35 Price Target appeared first on ETF Daily News.

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