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- Happy Holidays, Everyone!
Happy Holidays, Everyone!
Big news, big dreams, big holidays!
Happy holidays, everyone! I am off to recharge and will be back to add more value to the newsletter for the next year.
Meanwhile, I still have content on the Big Hits News for the U.S. and Asia that you can read. Analyst reports are the lifeline for many investors, and I have put in some that I think you can benefit from. Lastly, I give my thoughts on the recent high-profile departures of CEOs in the U.S. and how Jim Collins can help you in your investing journey.
Take the time off, put your feet down, and enjoy the rest of the year!
Big Hits [U.S.] 💵
Moving on, here are the news that shocked the world…
Stellantis: Stellantis CEO, Carlos Tavares, resigned before the board fired him. Smooth move. The reason? Differences in opinion on how to run the company [Read More]
Intel: CEO Pat Gelsinger didn’t get the memo from Carlos Tavares, so he was fired by the board of Intel over Nvidia winning on every front against the company. [Read More]
SpaceX: SpaceX might be worth about US$350 billion as it is trying to sell some of its insider shares. [Read More]
Dollar Tree: Dollar Tree reported a 1.8% increase in its comparable revenue, beating expectations, as it draws in more shoppers [Read More]
Salesforce: Salesforce 3Q results beat expectations as its revenue grew by 8% to US$9.4 billion [Read More]
Super Micro: Share price rose by 29% after a special committee found nothing wrong with Super Micro’s books. [Read More]
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Big Hits [Asia] 📊
Here are the news covering the Asia market…
China ban: China is banning the export of critical minerals such as gallium, germanium and antimony to the U.S. [Read More]
Mao Geping: China’s cosmetics company, Mao Geping is planning to list in the Hong Kong market to raise US$270 million. [Read More]
South Korea debacle: South Korean president, Yoon Suk Yeol, imposed martial law for 6 hours, then removed it. Now, his head might be on the chopping block [Read More]
NXP x TSMC: NXP and TSMC have plans to expand the US$7.8 billion joint venture chip plant in Singapore to make more electrical chips. [Read More]
Hongkong Land: Hongkong Land might be selling its Singapore property developer arm for more than SG$1.1 billion [Read More]
Keppel DC REIT: Keppel DC REIT is pricing its new equity issuance at SG$2.03 per share and issuing 148.4 million preferential shares [Read More]
Analyst Reports 📝
See below for our handpicked analyst reports:
Stock | Headline | Link |
---|---|---|
Salesforce | Good 3Q results with transition to virtual agent pool | |
Dollar Tree | Undervalued company | |
Meituan | Strong 3Q results driven by overseas expansion and higher travel demand | |
Sheng Siong | 3Q results beat expectations with upside from new stores | |
Paragon REIT | Positive rental reversion |
Story of the Week 📹
The last week has seen some high-profile departures of CEOs of major companies. As a result, investors get jittery about the company’s prospects and share price becomes volatile while awaiting the next CEO.
But what if I tell you that the volatility in share price caused by changes in a CEO is a risk?
Hear me out.
In his book “Good to Great”, Jim Collins explores the differences between a good and a great company.
He thinks a CEO is important, or more specifically, a Level 5 CEO who builds an excellent company culture and gets the right people and teams in.
But a great company does well with or without its CEO. That’s because it has built such a solid foundation that the people within the company can steer itself consistently. If anything, Jim thinks that the CEO and higher management are nothing but enablers, and they enable and provide resources for its excellent people to drive the company. They should stay out of the way of their employees.
There are many ‘good’ companies out there that do well but most of their share price performance is driven by a rock-star CEO who is only interested in building his or her legacy. When they leave, the company goes down.
So, take this opportunity to search for great companies that do well regardless of who’s in charge.
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