1 day ago
By Yantoultra Ngui and Selena Li
SINGAPORE/HONG KONG, July 27 (Reuters) - Investors are expected to scrutinise whether Shein can justify the $40 billion to $50 billion valuation it is seeking in a Hong Kong initial public offering after a prospectus filed on Sunday showed slowing growth and a sharp decline in profitability.
Revenue rose 8% to $41.8 billion in 2025, but net income fell 39% to $2.06 billion. In the first quarter of this year, the fast fashion retailer swung to a $99 million loss, the filing showed.
While the quarterly loss partly reflected a $328 million fair-value charge on convertible redeemable preferred shares following an accounting change, slowing revenue growth and weaker core earnings underscore the company's mounting challenges.
"Institutional investors on the HKEX (Hong Kong Stock Exchange) will ... zero in on the 2.9% operating margin," said Winston Ma, executive director of the Global Public Investment Funds Forum and a former managing director at the China Investment Corporation.
#hong #billion #slowing
SINGAPORE/HONG KONG, July 27 (Reuters) - Investors are expected to scrutinise whether Shein can justify the $40 billion to $50 billion valuation it is seeking in a Hong Kong initial public offering after a prospectus filed on Sunday showed slowing growth and a sharp decline in profitability.
Revenue rose 8% to $41.8 billion in 2025, but net income fell 39% to $2.06 billion. In the first quarter of this year, the fast fashion retailer swung to a $99 million loss, the filing showed.
While the quarterly loss partly reflected a $328 million fair-value charge on convertible redeemable preferred shares following an accounting change, slowing revenue growth and weaker core earnings underscore the company's mounting challenges.
"Institutional investors on the HKEX (Hong Kong Stock Exchange) will ... zero in on the 2.9% operating margin," said Winston Ma, executive director of the Global Public Investment Funds Forum and a former managing director at the China Investment Corporation.
#hong #billion #slowing
5 days ago
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Gold (GC=F) August futures opened at $4,074.60 per troy ounce on Thursday, July 23, 2026, down 1.9% from Wednesday's closing price. The price of gold moved up this morning, trading at $4,086.60 as of 8:08 a.m. ET.
The gold price closed above $4,100 Wednesday and opened lower on Thursday. Two opposing forces are keeping the gold price in a tight range. Investors are weighing the potential for higher interest rates against the likelihood of broader geopolitical and economic instability prompted by the Iran war.
On Wednesday, the U.S. House of Representatives approved up to $95 billion in funding for the war, aid to farmers, and parts of the SAVE America Act. The plan still needs Senate approval, but the move signals support for ongoing activity in the Middle East — where the war may be at an inflection point. Yemen's Houthi rebels are now targeting Saudi Arabian oil tankers in the Bab el-Mandeb Strait, threatening to disrupt another critical shipping lane.
The potential for higher interest rates tends to encourage lower gold prices, while global unrest can stimulate safe-haven demand for the precious metal.
#interest
Gold (GC=F) August futures opened at $4,074.60 per troy ounce on Thursday, July 23, 2026, down 1.9% from Wednesday's closing price. The price of gold moved up this morning, trading at $4,086.60 as of 8:08 a.m. ET.
The gold price closed above $4,100 Wednesday and opened lower on Thursday. Two opposing forces are keeping the gold price in a tight range. Investors are weighing the potential for higher interest rates against the likelihood of broader geopolitical and economic instability prompted by the Iran war.
On Wednesday, the U.S. House of Representatives approved up to $95 billion in funding for the war, aid to farmers, and parts of the SAVE America Act. The plan still needs Senate approval, but the move signals support for ongoing activity in the Middle East — where the war may be at an inflection point. Yemen's Houthi rebels are now targeting Saudi Arabian oil tankers in the Bab el-Mandeb Strait, threatening to disrupt another critical shipping lane.
The potential for higher interest rates tends to encourage lower gold prices, while global unrest can stimulate safe-haven demand for the precious metal.
#interest
6 days ago
Soon-to-be former Amazon (AMZN) Web Services (AWS) veteran Dave Brown will be joining Facebook parent Meta (META) to bolster the latter's cloud ambitions. Brown, who was with AWS for 19 years, will leave his post in July, according to internal communications at AWS.
Notable broker Wedbush has given this a thumbs up and has opined that Meta's desire to be a material player in the cloud industry is serious. In a note to clients, Matt Bryson of the firm said, "This addition builds on the narrative that Meta is serious in building out its own AI cloud offering (though ostensibly Dave Brown's expertise could be used to support the build-out of infrastructure for internal Meta use as well)."
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#cloud #internal
Notable broker Wedbush has given this a thumbs up and has opined that Meta's desire to be a material player in the cloud industry is serious. In a note to clients, Matt Bryson of the firm said, "This addition builds on the narrative that Meta is serious in building out its own AI cloud offering (though ostensibly Dave Brown's expertise could be used to support the build-out of infrastructure for internal Meta use as well)."
PayPal Says a $53 Billion Takeover Offer from Stripe Undervalues It. How to Play PYPL Stock Here.
Billionaire Jeff Bezos Called Amazon's Customer Service to Prove a Point But Waited in Silence for More Than 10 Minutes — 'It Was Really Long'
Micron Stock Is Near Bear-Market Territory. Here's Why ASML's Guidance Says Buy the Dip.
#cloud #internal
6 days ago
Single-asset continuation funds carried secondary deal volume to a first-half record in 2026, according to one of the most active intermediaries in the ***** e.
The total surpassed $120 billion in the first six months of the year, a 20% jump over H1 2025, the previous record, according to Evercore.
GP-led transactions, which are centered on one or a small number of companies, accounted for 53.7% of deal volume as sponsors turned to the vehicles to generate distributions for investors and get more time to hold onto "trophy" ***** ets.
That's a switch-up from years prior, when LP-led transactions accounted for the largest share of deal volume, driven by favorable pricing and muted distributions, per Evercore's data. Such deals involve acquiring stakes in private funds, typically offloaded by institutional investors.
In H1 2026, single ***** et continuation vehicles accounted for $34 billion of deal value, representing over half of the GP-led volume in the period. Evercore attributed this to sponsors wanting to extend ownership of their highest-conviction ***** ets.
#volume
The total surpassed $120 billion in the first six months of the year, a 20% jump over H1 2025, the previous record, according to Evercore.
GP-led transactions, which are centered on one or a small number of companies, accounted for 53.7% of deal volume as sponsors turned to the vehicles to generate distributions for investors and get more time to hold onto "trophy" ***** ets.
That's a switch-up from years prior, when LP-led transactions accounted for the largest share of deal volume, driven by favorable pricing and muted distributions, per Evercore's data. Such deals involve acquiring stakes in private funds, typically offloaded by institutional investors.
In H1 2026, single ***** et continuation vehicles accounted for $34 billion of deal value, representing over half of the GP-led volume in the period. Evercore attributed this to sponsors wanting to extend ownership of their highest-conviction ***** ets.
#volume
10 days ago
With the price of everyday essentials like gas and groceries rising, Americans will take a little respite from just about anywhere they can get it.
Recently, Dave Ramsey offered up an unexpected way to save on car insurance on his radio show (1) that involves taking on more risk. In response to a listener's question about whether to lower or increase their car insurance deductible, he suggested raising it in order to pocket the savings they'd earn on their monthly premium.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
Recently, Dave Ramsey offered up an unexpected way to save on car insurance on his radio show (1) that involves taking on more risk. In response to a listener's question about whether to lower or increase their car insurance deductible, he suggested raising it in order to pocket the savings they'd earn on their monthly premium.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
