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valuation

Web3 firm Animoca Brands sees valuation fall to as little as a quarter of worth in 2022

by Anas Siddiqui
Web3 firm Animoca Brands sees valuation fall to as little as a quarter of worth in 2022

Hong Kong-based blockchain video gaming firm Animoca Brands has seen its private market valuation shrink by more than half, as volatility persists in the cryptocurrency sector after an industry meltdown …

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Hong Kong stocks’ broad-based gain a sign bull run still has momentum: Oanda analyst

by Anas Siddiqui
Hong Kong stocks’ broad-based gain a sign bull run still has momentum: Oanda analyst

The widening breadth of Hong Kong stocks’ rally in recent weeks suggests the bull run in Asia’s third-largest market has yet to run its course, according to a technical analyst. …

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Loscam owners including CMG, Citic consider selling pallet company in US$2 billion-plus deal, sources say

by Anas Siddiqui
Loscam owners including CMG, Citic consider selling pallet company in US billion-plus deal, sources say

Owners of Asian pallet pooling provider Loscam are considering a sale of the entire company in a deal that could fetch over US$2 billion, three people with knowledge of the …

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Hong Kong stocks edge up, driven by gains in insurers and casino operators

by Anas Siddiqui
Hong Kong stocks edge up, driven by gains in insurers and casino operators

Hong Kong stocks rose after a rally in heavyweight insurers and casino operators boosted the benchmark, lifting it off a five-week low. The Hang Seng Index jumped 1.1 per cent …

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Pacific Century Group downplays FWD stake sale, says IPO will come at ‘opportune time’

by Anas Siddiqui
Pacific Century Group downplays FWD stake sale, says IPO will come at ‘opportune time’

FWD Group Holdings, a Hong Kong-based insurance business controlled by billionaire Richard Li Tzar-kai, said Li would maintain his control of the company amid speculation it was considering a potential …

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Chinese EV maker Zeekr hastens US IPO: unit of Geely Auto seeks to expand product line to battle Tesla, domestic rivals

by Anas Siddiqui
Chinese EV maker Zeekr hastens US IPO: unit of Geely Auto seeks to expand product line to battle Tesla, domestic rivals

Zeekr Intelligent Technology Holding, an electric vehicle (EV) unit of Geely Auto, is revving up for an initial public offering (IPO) in the US after it made public listing documents …

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Tesla Is Underperforming And Wall Street Isn’t Excited About It

by Horatio Thompson
Tesla Is Underperforming And Wall Street Isn’t Excited About It

Following an emotionally charged third-quarter earnings call where CEO Elon Musk announced gross margins for the company dropped to 17.9 percent (down from 25.1 percent the previous year), Tesla shares …

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Trump Organization Considered Adding ‘Presidential Premium’ As A Way To Boost His Property Values, Trial Reveals

by Anas Siddiqui
Trump Organization Considered Adding ‘Presidential Premium’ As A Way To Boost His Property Values, Trial Reveals

Topline Trump Organization executives considered using Donald Trump’s presidential status to inflate the value of his properties, according to documents shown in court Friday, as New York Attorney General Letitia …

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