Latest news for Nippon Paint Holdings (OTC:NPPHY) Stock

Nippon Paint Holdings Co Ltd is a holding company, which, through its subsidiaries, manufactures and sells a variety of paint and coating products. The firm organizes itself into four operating companies based on end market. The automotive paints division sells paint and temperature-control coatings that are used to cover the body of an automobile. The industrial-use paints division sells paints and coatings for trains and ships. The trade-use paints division sells paints and coatings that are used on buildings, bridges, and roads. The surface treatments division sells anti-corrosive and anti-rust coatings for metal products and electronics. The company organizes itself into three segments based on geography: Japan, Asia, and Americas. The majority of revenue comes from Japan.

NIPPON PAINT HLDGS CO ADR by Nippon Paint Holdings Co., Ltd.

Nippon Paint Holdings Co Ltd

WIIM

HUTCHMED shares are trading higher after the company announced its ORPATHYS and TAGRISSO combo gained therapy designation in China for advanced lung cancer.

News

COHR

Coherent Evaluates Strategic Alternatives For Its Streamlined Hydrometallurgical Advanced Recycling Process Technology To Efficiently Recover And Recycle Critical Metals From Lithium-ion Batteries

Wedbush analyst Scott Devitt reiterates Trade Desk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) with a Outperform and maintains $135 price target.

Price Target

Reiteration

Analyst Ratings

Wedbush Reiterates Outperform on Trade Desk, Maintains $135 Price Target

JPMorgan Chase &amp; Co maintained its &#8216;Underweight&#8217; rating on Super Micro Computer, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) and reaffirmed its $23 price target following a recent meeting with <a href="https://www.benzinga.com/24/12/42290180/cleared-of-fraud-but-super-micros-visibility-into-compliance-remains-low-says-analyst">company</a> management.
What Happened: Despite market rumors suggesting potential shifts in customer orders, Super Micro management assured investors that its customer base remains solid, with no substantial changes to order allocations, <a href="https://www.tipranks.com/news/the-fly/jpmorgan-says-supermicro-orders-robust-despite-market-speculation">reported Tipranks</a>.
The company's customer base "remains robust with no significant movement of orders," the analyst tells investors in a research note.
Why It Matters: The company also expressed confidence in its capacity to fulfill orders and is actively preparing for the launch of new products in the second half of fiscal 2025.
The note by Samik Chatterjee also addressed concerns about the company&#8217;s Malaysian operations, confirming that the plant is on track to ramp up production in the first half of 2025. Additionally, Super Micro believes that its working capital requirements will sustain a quarterly revenue range of $5.5 billion to $6 billion.
The firm further highlighted Nvidia&#8217;s Blackwell product line, which is anticipated to experience significant growth in the second half of fiscal 2025. Super Micro is well-positioned to capitalize on this trend with its strong presence in customized versions of the product.
See Also: <a href="https://www.benzinga.com/24/12/42290180/cleared-of-fraud-but-super-micros-visibility-into-compliance-remains-low-says-analyst">Super Micro Probe Finds No Misconduct, But Analyst Says &#8216;Visibility Into Compliance&#8217; Remains Low</a>
What&#8217;s Happening With SMCI: Super Micro Computer Inc. (SMCI) is <a href="https://www.benzinga.com/24/12/42445956/smci-teeters-on-edge-of-nasdaq-100-is-friday-d-day-for-super-micro">teetering on the brink of losing its spot </a>in the prestigious Nasdaq 100 Index during its annual December reshuffle. The company finds itself alongside other underperformers like Moderna and Biogen due to a recent market cap plunge.
A recent auditing scandal by Ernst &amp; Young, which flagged governance issues, sent shockwaves through the company and the auditor resigned. The company has appointed a new auditor and Nasdaq has given an extension to the company for submitting its financial reports by February 2025.
This significant drop in market capitalization puts Super Micro at risk of being excluded from the particular Nasdaq 100 Index, a blow that could further erode investor confidence. The company will need to demonstrate a strong recovery to regain its footing and secure its place in the coveted index. 
See Also: <a href="https://www.benzinga.com/24/12/42445956/smci-teeters-on-edge-of-nasdaq-100-is-friday-d-day-for-super-micro">Super Micro Computer Teeters On Edge Of Nasdaq 100: Can xAI, Nvidia Help Stabilize Trajectory?</a>
Price Action: Shares of SMCI were 1.62% up at $38.91 per share in premarket on Thursday. This compares to the Nasdaq 100 futures, which were down by 0.4%.
Analyst Views: According to <a href="https://www.benzinga.com/">Benzinga</a>, SMCI has a consensus price target of $531.47 based on the ratings of 17 analysts. The highest price target out of all the <a href="https://www.benzinga.com/quote/SMCI/analyst-ratings">analysts tracked by Benzinga</a> is $1300 issued by Rosenblatt as of Aug. 7. The lowest target price is $23 issued by JPMorgan on Nov. 6.
The average price target of $27.67 between Goldman Sachs, JP Morgan, and Wedbush implies a 29.15% downside for SMCI.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/SMCI/analyst-ratings"><img loading="lazy" decoding="async" width="945" height="355" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12080727/SMCI-ANR.png" alt="" class="wp-image-689400" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12080727/SMCI-ANR.png 945w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12080727/SMCI-ANR-300x113.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12080727/SMCI-ANR-768x289.png 768w" sizes="(max-width: 945px) 100vw, 945px" /></a></figure>
Read Next:  <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42404450/bitcoin-ethereum-dogecoin-recover-losses-after-flash-crash-analyst-pinpoints-critical-btc-support-levels?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Recover Losses After Flash Crash: Analyst Pinpoints Critical BTC Support Levels</a>
Photo via Shutterstock

Equities

Markets

SMCI

SMCI Stock Receives Harshest Price Target Among 17 Tracked Analysts As JPMorgan Maintains Underweight Rating On Super Micro: 'No Significant Movement Of Orders'

Financing

TELO

Telomir Pharmaceuticals Announced It Raised $1M In Equity Funding Through Starwood Trust

Analysts expect Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) to report fourth quarter earnings at $1.39 per share after the <a href="https://www.benzinga.com/quote/AVGO/earnings">closing bell on Thursday, Dec. 12</a>. That would be up from $1.11 per share in the year-ago period.
The Palo Alto, California-based company also projects quarterly revenue of $14.06 billion, compared to $9.29 billion a year earlier.
With the recent buzz around Broadcom, some investors may be eyeing potential gains from the company's dividends. As of now, Broadcom offers an annual dividend yield of 1.16%, which is a quarterly dividend amount of 53 cents per share ($2.12 a year). So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $518,456 or around 2,830 shares. For a more modest $100 per month or $1,200 per year, you would need $103,691 or around 566 shares.
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($2.12 in this case). So, $6,000 / $2.12 = 2,830 ($500 per month), and $1,200 / $2.12 = 566 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How that works: The dividend yield is computed by dividing the annual dividend payment by the stock&#8217;s current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).
Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
Price Action: Shares of Broadcom gained 6.6% to close at $183.20 on Wednesday following a report indicating the company is working with Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) on AI chip development.
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Image: Shutterstock

Earnings

Long Ideas

Trading Ideas

AAPL

AVGO

How To Earn $500 A Month From Broadcom Stock Ahead Of Q4 Earnings

ABSI

Absci shares are trading higher after the company highlighted progress and updates across its proprietary pipeline and leading AI platform on 2024 R&D day. Its drug candidate was selected for ABS-201, an anti-PRLR antibody in development for androgenic alopecia.

QT Imaging Holdings Expand Locations Offering Breast Acoustic CT Scanner To Couri Center For Gynecology And Intergrative Women's Health

LAES

SEALSQ Corp Says It Has Established Partnerships With Drone Manufacturers Including Parrot And AgEagle

LIVE

Live Ventures Reported FY24 Revenue Of $472.8M Vs $355.2M YoY, EPS Loss Of $(8.48) Vs $(0.03) YoY

Contracts

Nano Nuclear Energy Announced It Was Awarded One Of Six U.S. Department Of Energy Contracts Worth Apx $3.4 Billion Over 10 Years

General

JTAI

Jet.AI Commences Pre-Sales For Fractional Ownership Interests In Its Upcoming Cessna Citation CJ4 Gen2 Aircraft

GEVO

Gevo And LG Chem Extend Joint Development Agreement For Bio-Propylene To Assess Existing Assets For Deploying Gevo Ethanol-To-Olefins Technology

On Thursday, Alibaba Group Holding.&nbsp;(NYSE:&nbsp;BABA), also known as <a target="_blank" href="https://www.benzinga.com/topic/chinese-tech-stocks" rel="noreferrer noopener">China&#8217;s tech barometer</a>, traded upwards as China kicked off its annual economic work conference&nbsp;on Wednesday to outline its policies and growth targets for 2025.&nbsp;
The two-day Central Economic Work Conference was expected to run through Thursday. Investors are watching for additional stimulus measures.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42394872/jack-ma-makes-rare-appearance-at-alibaba-fintech-event-stresses-on-ai-revolution" rel="noreferrer noopener">Jack Ma Makes Rare Appearance At Alibaba Fintech Event Stresses On AI Revolution</a>
The market expects more stimulus measures to counter possible tariffs launched by President-elect Donald Trump, as he promised during his campaigns.
Other U.S.-listed Chinese stocks, including JD.com, Inc.&nbsp;(NASDAQ:&nbsp;JD),&nbsp;Baidu, Inc.&nbsp;(NASDAQ:&nbsp;BIDU),&nbsp;NIO Inc. (NYSE:&nbsp;NIO),&nbsp;Li Auto Inc.&nbsp;(NASDAQ:&nbsp;LI),&nbsp;and XPeng Inc.&nbsp;(NYSE:&nbsp;XPEV)&nbsp;also saw positive movement in their share price trajectory in the premarket session.
However, according to a <a target="_blank" href="https://abcnews.go.com/Business/wireStory/china-ends-planning-meeting-vows-stabilize-economy-details-116716806" rel="noreferrer noopener">report</a>, Chinese leaders on Thursday assured of taking a proactive approach to boosting the economy but provided no details.
Post-meeting, lack of details on definitive measures led to a negative reaction from investors, leading to a fall in U.S.-listed Chinese stocks, which gave up all the premarket gains.
On Monday, President Xi Jinping&#8217;s Politburo pledged <a target="_blank" href="https://www.benzinga.com/government/regulations/24/12/42391254/us-listed-chinese-stocks-jump-on-chinas-stimulus-measures-looser-monetary-policy-assurances" rel="noreferrer noopener">aggressive fiscal measures</a> and a relatively more flexible monetary policy in 2025 to boost domestic consumption.
Tao Wang of UBS Group AG <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-12-10/china-begins-annual-economic-meeting-to-hash-out-stimulus-plan?sref=TBDibEcD" rel="noreferrer noopener">told</a> Bloomberg that he expects China to boost policy support in the next two years, including more supportive policy tones for 2025.
China&#8217;s stimulus so far has focused on producers and infrastructure, especially electric vehicles, solar energy, and batteries.
Economists expect China to set a higher-than-usual budget&nbsp;deficit target&nbsp;of up to 4% of GDP.
According to Bloomberg, Xi expressed confidence in the world&#8217;s second-largest economy in several meetings over the past week.&nbsp;
Larry Hu of Macquarie told Reuters that China&#8217;s initiatives for 2025 will depend on its GDP target and the new U.S. tariffs. He does not expect China to announce 2025 growth, budget deficit, or other targets.
Investors can gain exposure to Chinese equities through Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>), ProShares Online Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONLN#NYSE">ONLN</a>), and iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>).
Price Actions: At the last check on Thursday, BABA stock is up 0.09% to $89.06. JD is down 1.60%, BIDU is down 0.85%, NIO is down 0.64%, LI is down 0.36%, and XPEV is down 0.39%.
Also Read:
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<li><a href="https://www.benzinga.com/analyst-ratings/downgrades/24/12/42446064/duolingo-trades-at-peak-valuation-analyst-downgrades-it" target="_blank" rel="noreferrer noopener">Duolingo Trades At Peak Valuation, Analyst Downgrades It</a></li>
</ul>
Photo by Tatiana Popova and rawf8 via Shuttterstock

Government

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BABA

BIDU

CHIQ

CXSE

ONLN

PowerShares Golden Dragon Halter USX China Portfolio

XPEV

US-Listed Chinese Stocks Give Up Gains In Anticipation Of More Stimulus

Marriott Acquires The Postcard Cabins Brand, Terms Not Disclosed

LQDT

Liquidity Services shares are trading higher after the company reported better-than-expected Q4 financial results.

RZLV

Rezolve AI shares are trading higher after the company announced it will participate in initiatives and provide solutions with the Department of Government Efficiency.

Surf Air Mobility Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRFM#NYSE">SRFM</a>) shares are trading higher premarket on Thursday. The company stated that it plans to reduce potential future <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42456901/surf-air-mobility-announces-approximately-90-reduction-to-contemplated-future-equity-dilution" rel="noreferrer noopener">equity dilution by around 90%</a>.
As part of a new financing strategy, the company will amend its share subscription facility with GEM Global Yield LLC to rely more on debt than equity.
The amendment, subject to SEC review, will reduce the number of shares registered by approximately 35.6 million, lowering the use of the equity-backed GEM facility.
Surf Air&#8217;s amended registration statement plans to limit its use of the GEM facility to no more than $15 million in 2025, reducing potential dilution by approximately 90%, or 35.6 million shares.
The company has also strengthened its balance sheet by extending secured debt maturities to 2028, reducing costs through M&amp;A synergies, exiting unprofitable routes, and lowering past liabilities. These steps have significantly reduced cash burn.
In 2025, Surf Air plans to focus on profitability, exiting unprofitable routes, deploying new aircraft, addressing maintenance backlogs, and leveraging its SurfOS platform for efficiency.
The company expects revenue to exceed $100 million and to achieve profitability in its airline operations.
Deanna White, CEO of Surf Air Mobility, said, &#8220;Our recent $50 million financing enabled us to recalibrate and streamline our business plan so that it will require less capital to achieve profitability in the short- to medium term.&#8221;
This week, the company appointed Deanna White as Chief Executive Officer &amp; Chief Operating Officer, after she served as the Company&#8217;s <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42410899/deanna-white-appointed-as-surf-air-mobilitys-chief-executive-officer" rel="noreferrer noopener">Interim CEO &amp; COO since May 2024</a>.
Price Action: SRFM shares are up 20.4% at $4.08 premarket at the last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com//node/42451885" target="_blank" rel="noreferrer noopener">NYPD Warns About &#8216;Wanted&#8217; Posters Targeting Finance Executives, And Crossed-Out UnitedHealthcare CEO</a></li>
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Photo via Company.

Guidance

Small Cap

SRFM

Why Is Surf Air Mobility Stock Surging Premarket On Thursday?

Jones Trading analyst Stephen Glagola initiates coverage on Core Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>) with a Hold rating.

Initiation

Core Scientific, Inc. - Class A Common Stock

CORZ

Jones Trading Initiates Coverage On Core Scientific with Hold Rating

OESX

Orion Energy Systems Announced A Three Year Contract With A Nationwide Energy Services Company.  The Contract Is expected To generate $5 Million-$10 Million Per Year

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