PH International Direct Financial Investments Down 43 % In April – Rappler

POSITIVE BUT SLOW. On a year-to-date basis, FDI net inflows for January-April 2015 period continue to be positive at $1.2 billion (P54.1 billion), but 48.3 % lower than in 2014

MANILA, Philippines – Foreign direct investments (FDIs) published net inflows of $382 million (P17.2 billion) in April, the Bangko Sentral ng Pilipinas (BSP) reported on Friday, July 10.

FDI, which is a vital source of tasks and company financing, is down 43 % in April from the $671 million (P30.2 billion) tape-recorded a year ago. This is generally due to the decrease in non-residents’ net positionings in debt instruments.

Net placement in financial obligation is where a financial investment bank positions the new bond concern with a little number of buyers, normally large organizations.

While the BSP data showed that all FDI parts continued to be in favorable area throughout the month, this continues the string of lower FDI results observed up until now this year relative to last.

The foreign pullback has been driven partially by financier issues that the US Federal Reserve would raise rate of interest at the end of the year, stated Bank of the Philippine Islands (BPI) Securities Corporation CEO Mike Oyson at the 2015 BPI Trade Pinoy Millionaryo Conference hung on June 20.

The issue is that such rate hike would trigger enormous foreign profile outflows from emerging markets as international funds look for greater yields, he explained.

April results

Net positionings by non-residents in financial obligation instruments issued by their local affiliates reached $276 million (P12.4 billion) in April, lower by 52.5 % relative to the level published in April 2014.

This drop was somewhat balanced out by net equity capital investments reaching $25 million (P1.1 billion), a 120.8 % boost from $11 million (P496.3 million) tape-recorded likewise in April 2014 – as positionings of $39 million (P1.7 billion) exceeded withdrawals of $14 million (P631.2 million) during the month.

Equity capital placements originated mostly from the United States, the Uk, Hong Kong, Germany, and Luxembourg and were funnelled primarily to realrealty, manufacturing, management and support service, financial and insurance, and wholesale and retail trade activities.

Likewise, reinvestment of earnings amounted to $81 million (P3.6 billion), up by 3.4 % from $78 million (P3.5 billion) tape-recorded a year earlier.

The year so far

On a year-to-date basis, FDI flows for the January-April 2015 period similarly remained positive at $1.2 billion (P54.1 billion), a 48.3 % decline relative to $2.4 billion (P108.2 billion) tape-recorded a year earlier.

By FDI component, net equity capital investments reached $279 million (P12.5 billion) with positionings of $369 million (P16.6 billion) relative to withdrawals of $90 million (P4 billlion) during the duration.

Equity capital placements during the very first 4 months of the year were sourced generally from the United States, Japan, Singapore, the Uk, and Spain.

These were transported mainly to production, genuineproperty, electrical power, gas, steam and cooling supply, financial and insurance coverage, and wholesale and retail trade activities.

Reinvestment of incomes totaled up to $266 million (P11.9 billion), lower by 20.4 % from the $334 million (P15 billion) published in the exact same period last year.

Meanwhile, non-residents’ net financial investments in … Read the rest

Apple Provided AA- Credit Score (AAPL)

Apple (NASDAQ: AAPL) has actually made an AA- credit rating from Morningstar. The company’s AA- rating suggests that the business is a very-low default danger. They likewise offered their stock a 3 star rating.

Other equities research study analysts have also just recently provided reports about the stock. Analysts at BMO Capital Markets restated an outperform rating and set a $145.00 cost target on shares of Apple in a research study note on Friday. Analysts at Bank of America repeated a buy score and set a $122.57 price target (down previously from $145.00) on shares of Apple in a research study note on Thursday. Analysts at Brean Capital repeated a buy score on shares of Apple in a research note on Wednesday. Experts at Canaccord Genuity restated a buy score and set a $160.00 rate target on shares of Apple in a research note on Wednesday. Lastly, analysts at Credit Suisse restated a buy rating and set a $145.00 rate target on shares of Apple in a research study note on Wednesday. One investment expert has ranked the stock with a sell rating, fifteen have actually assigned a hold rating, thirty-five have offered a buy score and one has provided a strong buy score to the company’s stock. The stock has an agreement score of Buy and an agreement rate target of $137.77.

Shares of Apple (NASDAQ: AAPL) opened at 123.28 on Friday. Apple has a 52-week low of $92.57 and a 52-week high of $134.54. The stock has a 50-day moving average of $127.61 and a 200-day moving average of $123.89. The company has a market cap of $710.22 billion and a P/E ratio of 15.32.

Apple (NASDAQ: AAPL) last released its profits data on Monday, April 27th. The iPhone maker reported $2.33 revenues per share (EPS) for the quarter, beating the agreement estimate of $2.16 by $0.17. The business had profits of $58.01 billion for the quarter, compared with the agreement quote of $55.53 billion. During the very same quarter in the previous year, the business published $11.62 incomes per share. The business’s earnings for the quarter was up 24.4 % on a year-over-year basis. Experts expect that Apple will publish $9.06 EPS for the current monetary year.

In other Apple news, SVP Daniel J. Riccio offered 24,085 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average rate of $128.81, for a total transaction of $3,102,388.85. The sale was divulged in a filing with the Securities amp; Exchange Commission, which can be accessed through this link. Likewise, SVP Angela J. Ahrendts offered 37,897 shares of Apple stock in a deal that happened on Tuesday, May 5th. The shares were soldcost an average price of $128.52, for an overall transaction of $4,870,522.44. The disclosure for this sale can be discovered right here.

Apple Inc. (NASDAQ: AAPL) designs, manufactures and markets mobile communication and media devices, personal computer systemsdesktop computers, and portable digital music gamers, and a variety of relevant software application, services, peripherals, networking solutions, and third-party digital content and applications. The Business’s products and services include iPhone, iPad, Mac, iPod, Apple TELEVISION, a profile … Read the rest

S&P Reduces Chicago City Government Credit ScoreChicago

Citing the lack of a long-lasting strategy to money pensions for city cops and fire personnel, another monetary scores agency has decreased its credit rating for Chicago local government.

Conventional amp; Poor’s Scores Services revealed Wednesday it lowered its score on City Halls general obligation bond debt one notch, from ‘A-‘ to ‘BBB+’ with a negative outlook. That’s still above its “scrap” rating.

The move follows Moody’s Investors Service score the city’s financial obligation at junk status in Might. The Moody’s downgrade added to city taxpayers being forced to accept greater interest rates on a $674 million borrowing offer that happened soon after the rating was released.

Samp;P’s downgrade “is based upon our view of the city’s structural imbalance, which we believeour team believe will certainly demand the adoption of restorative budget procedures over numerous years,” Samp;P credit expert John Kenward said in a news release.

The press release also said that the negative outlook “shows our issues that the city has yet to solidify essential policy choices to address its growing police and fire pension contributions and include them into the budget in a sustainable way.”

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Carole Brown, the city’s primary financial officer, said in a statement that Samp;P “rightfully acknowledges that Mayor [Rahm] Emanuel has actually taken into location good financial policies meant to right the city’s monetary ship” but “completely disregards the efforts that have been carried out over the last four-plus years to reverse decades of neglect and put off Chicago’s day of numeration.”

Emanuel remains to push lawmakers in Springfield to assist him craft solutions for the pension-funding crises at both City Hall and in the Chicago Public Schools.

The Democratic-controlled Illinois Home and Senate have already approved an expense that would provide Chicago 15 more years to increase to 90 percent financing levels for the authorities and fire pension funds.

However even if Gov. Bruce Rauner signed the bill, Chicago taxpayers would still be on the hook for $619 million in payments to the two funds next year– more than double the current payment.

Emanuel hopeswishes to cover that higher payment with earnings from a city-owned gambling establishment. However that legislation has actually not been approved and has actually avoided Chicago mayors for a generation.… Read the rest

EOG Resources Gets A Credit Rating From Morningstar (EOG)

EOG Resources (NYSE: EOG) has been provided an A credit rating by experts at Morningstar. The firms A rating recommends that the business is a low default risk. They likewise offered their stock a two star rating.

EOG has actually been the subject of a variety of other recent research reports. Experts at Jefferies Group updated shares of EOG Resources from an underperform rating to a hold score and set a $80.00 price target on the stock in a research study note on Tuesday. Experts at Wunderlich stated a buy score and set a $116.00 rate target on shares of EOG Resources in a research note on Friday, June 26th. Analysts at Vetr upgraded shares of EOG Resources from a buy score to a strong-buy score and set a $102.74 cost target on the stock in a research study note on Monday, June 22nd. Analysts at Goldman Sachs restated a conviction-buy rating on shares of EOG Resources in a research study note on Friday, June 12th. Finally, experts at Argus lowered their price target on shares of EOG Resources from $118.00 to $110.00 and set a buy rating on the stock in a research study note on Tuesday, June Second. 3 research experts have actually ranked the stock with a sell score, seven have actually given a hold rating, twenty-one have designated a buy rating and three have actually appointed a strong buy rating to the business stock. EOG Resources has a consensus score of Buy and a consensus rate target of $109.37.

EOG Resources (NYSE: EOG) opened at 85.30 on Friday. EOG Resources has a 52-week low of $81.07 and a 52-week high of $118.81. The stock has a 50-day moving average of $88.36 and a 200-day moving average of $91.28. The company has a market cap of $46.82 billion and a price-to-earnings ratio of 22.40.

EOG Resources (NYSE: EOG) last published its quarterly revenues results on Tuesday, May 5th. The energy exploration business reported $0.03 profits per share for the quarter. The business had earnings of $2.32 billion for the quarter, compared to the agreement estimate of $2.71 billion. During the exact same quarter last year, the business published $1.40 earnings per share. EOG Resourcess profits was down 43.2 % compared with the exact same quarter in 2014. Experts anticipate that EOG Resources will publish $0.23 EPS for the current monetary year.

The business also recently declared a quarterly dividend, which will certainly be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will certainly be provided a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a yield of 0.79 %. The ex-dividend date of this dividend is Wednesday, July 15th.

In other EOG Resources news, COO Gary L. Thomas offered 8,655 shares of EOG Resources stock in a deal dated Friday, June 26th. The stock was soldcost an average rate of $88.28, for an overall transaction of $764,063.40. The deal was divulged in a filing with the SEC, which should be accessed through this link. Likewise, EVP Lloyd W. Helms, Jr. sold 5,000 shares of the companys stock in a deal that … Read the rest

ATL Bets On Summer Heat To Drive Sales

Device Traders Restricted (ATL) is utilizing the summer season to try and enhance sales, betting current marketing investinvest in simultaneously pressing house entertainment systems and energy setups which can, gradually, reduce home energy costs.

Mark Blair, head of engineering at ATL, said the company is targeting a 100 percent boost in domestic customers for solar and other energy-saving solutions.

Recommending a quote of $800,000 to retrofit a three-bedroom residence for solar power, thereby removing it from the Jamaica Public Service grid, the appliance trader is pointing owners to a credit line paid out by the Development Bank of Jamaica (DBJ) and lent through associated monetary organizations.

The investment, Blair said, ought to be recovered in 4 years, based upon a price quote of existing power use by property consumers.

Blair said that given that simplifying its energy department two years back, ATL has completed many installations from two-kilowatt grid-tie systems to 50-kilowatt systems for both property and company clients.

He said the business is likewise presently dealing with a 250-kilowatt system that, hopefully, will certainly be started this year.

We have actually set up over 70 systems, both grid-tie and off-grid systems for property clients, to this day, he stated.

According to Blair, Energy costs in Jamaica as well as in the international industry have heightened the requirement for sustainable alternatives, so we discover that weve been having a lot more consumer discussions about energy preservation. Our required with ATL energy solutions is to offer our consumers with an extensive resource centre to examine, design, carry out and service energy-saving innovation and devices that will certainly decrease usage patterns and ultimately energy receipts.

Financing offered

The ATL manager said family and company funding is offered through the various banks, loan firms and the National Housing Trust (NHT).

Some sponsors, he said, are taking advantage of the DBJs eco-friendlyrenewable resource loan center. For smaller sized options, it is also advising them to want to funds loaned by the NHT.

Blair stated the summertime months will undoubtedly create higher energy usage as consumers competetake on a variety of elements, including amusing the kids at homein your home throughout the vacation break along with beating the heat through the acquisition of air-conditioning systems or fans.

We are anticipating to double the property clients as more customers are expressing an interest in the promo, he stated.… Read the rest

Morningstar Issues “A+” Credit Score To SAP SE (SAP) – Dakota Financial News

SAP SE (NYSE: SAP) has actually received an A+ credit score from analysts at Morningstar. The research study firms A+ rating shows that the business is a low default danger. They likewise gave their stock a 3 star rating.

A variety of other experts have also recently weighed in on SAP. Analysts at Zacks updated shares of SAP SE from a strong sell score to a hold rating in a research note on Tuesday, June 23rd. Experts at Barclays raised their cost target on shares of SAP SE from $85.00 to $89.00 and offered the business an overweight score in a research study note on Friday, June 19th. Experts at TheStreet downgraded shares of SAP SE from a buy score to a hold score in a research note on Monday, June 15th. Analysts at Oppenheimer raised their rate target on shares of SAP SE from $80.00 to $82.00 and gave the company an outperform rating in a research note on Thursday, June Fourth. Lastly, experts at Cowen and Company started coverage on shares of SAP SE in a research note on Tuesday, May 26th. They set a market carry out score and a $80.00 rate target on the stock. Two equities research experts have ranked the stock with a sell rating, eleven have assigned a hold rating and 8 have actually provided a buy score to the stock. SAP SE currently has an agreement rating of Hold and a typical target rate of $77.09.

SAP SE (NYSE: SAP) opened at 69.81 on Friday. SAP SE has a 52 week low of $62.82 and a 52 week high of $82.70. The stock has a 50-day moving average of $72.86 and a 200-day moving average of $71.20. The company has a market cap of $83.42 billion and a price-to-earnings ratio of 23.61.

SAP SE (NYSE: SAP) last launched its revenues information on Tuesday, April 21st. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.64 by $0.06. The company had revenue of $4.50 billion for the quarter, compared to the consensus quote of $4.30 billion. Throughout the exact same quarter in the prior year, the company published $0.56 profits per share. The business quarterly income was up 21.7 % on a year-over-year basis. Experts expect that SAP SE will certainly publish $3.86 EPS for the present fiscal year.

SAP SE, formerly SAP AG, is a carrier of application and analytics software for business in mobile enterprise management. SAP is an enterprise cloud company. Since December 31, 2014, the Company has more than 282,000 consumers in over 180 nations. The Company offers solutions-based on its SAP HANA platform. The SAP HANA platform incorporates database, data processing, and application platform abilities in-memory. It likewise offers capabilities, such as predictive text analytics, spatial processing and information virtualization. The Company provides application software to around 25 industries in six industry sectors and 12 company lines, consisting of consumer, discrete manufacturing, energy and natural resources, financial services, public services and other services. Through Sapphire Ventures, Sapphire Ventures buys international business, as well as early-stage endeavorfinancial backing funds in business and customer innovation.

To view more credit … Read the rest

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