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24/06/2025
The Taiwan stock market rose more than 2%.
Latest
1 m ago
Every AI express, Minsheng Securities released a research report on June 24th, giving a recommendation rating to Wuchan Environmental Energy (603071.SH). The reasons for the rating mainly include: 1) Dual drive of "coal trade + cogeneration of heat and power"; 2) The company's operation in the coal distribution business is in the middle of the coal industry chain, serving upstream coal production enterprises and downstream coal consumption enterprises; 3) Cogeneration business is diversified and synergistic, forming a monopoly of regional heat source points. (Daily Economic News)
3 m ago
Gautam Adani, chairman of India's Adani Group: Our compliance framework is non-negotiable.
3 m ago
AEON (00984.HK) entered into a leasing agreement with Tianhe City Group for the lease of commercial premises in Tianhe City Shopping Center.
3 m ago
The Indian Adani Group stated that no one in the organization has been charged by the US Department of Justice.
4 m ago
UBS released a report indicating that the bank's valuation of Tesla's autonomous taxi is $350 billion, or $99 per share, assuming success in technology, execution, and regulation. This valuation is higher than the bank's previous valuation of $225 billion, or $64 per share. UBS believes there is a significant gap between the valuation of Tesla's core traditional automotive business and energy business, at $25 and $19 per share respectively, and their market valuation, which is around $630 billion, or approximately $180 per share. The bank has given Tesla a valuation of $250 billion, including an unspecified premium for humanoid robots, as the average of premiums over two years. The target price has been raised from $190 to $215 per share, maintaining a "sell" rating. UBS also notes that there is high investor interest in the business opportunities related to Tesla's introduction of autonomous taxis in Austin, Texas. If everything goes according to plan, the potential for significant fleet scale by 2040 is estimated at 2.3 million vehicles and around $200 billion in revenue. While Tesla seems poised to benefit, the bank believes that the stock price already reflects this.
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