An ordinary investor to hold majority stakes in state-run Eastern Cables

An ordinary investor to hold majority stakes in state-run Eastern Cables

Md Habibur Rahman, whose family already holds more than 10% stakes, is set to buy more than 5 lakh shares over the next 30 days

A general investor is en route to holding major stakes in Eastern Cables, a state-run cable manufacturer.

Md Habibur Rahman is set to buy more than 5 lakh shares at the existing market price through the Dhaka Stock Exchange (DSE) within the next 30 days, as per a disclosure yesterday.

The disclosure also said that his family members together hold more than 10 per cent shares of paid-up capital of the cable manufacturer.

In 2019, BRB Cable Industries bought nearly 18 per cent shares in Eastern Cables from the stock market.

The transaction resulted in gaining four seats for BRB Cable on the Eastern Cables board, in a bid to establish a monopoly in the huge domestic cable market, as BRB now holds around 40 per cent domestic market share, industry sources said.

According to the latest information on the DSE website, the government now holds 51 per cent stake, sponsors and directors hold 17.77 per cent, institutional investors hold 17.73 per cent and general shareholders hold 13.50 per cent of Eastern Cable’s shares.

The news sent the stock price of Eastern Cables, which shed about35.6 per cent over the past two years, up 5.3 per cent to Tk 160.9 on Sunday.

Eastern Cables, a subsidiary company of Bangladesh Steel and Engineering Corporation, was listed at the DSE in 1986, and at the Chittagong Stock Exchange (CSE) in 1997.

Source: www.dhakatribune.com

Author: Tribune Report

Published at 12:07 am January 11th, 2021


How to trade Hub Group $HUBG With Risk Controls

How to trade Hub Group $HUBG With Risk Controls

Price matters most to making money in the market. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Hub Group (NASDAQ: HUBG) report below can help you, but we have more details too. The trading plans for HUBG, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Technical Summary

The Technical Summary and Trading Plans for HUBG help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this HUBG Report.

The technical summary data tells us to buy HUBG near 57.78, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 57.61 to protect against excessive loss in case the stock begins to move against the trade. 57.78 is the first level of support below 58.84, and by rule, any test of support is a buy signal. In this case, if support 57.78 is being tested, a buy signal would exist.

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

HUBG Long Term Analysis

The Technical Summary and Trading Plans for HUBG help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this HUBG Report.

If 59.16 begins to break higher, the technical summary data tells us to buy HUBG just over 59.16, with an upside target of n/a. The data also tells us to set a stop loss @ 58.99 in case the stock turns against the trade. 59.16 is the first level of resistance above 58.84, and by rule, any break above resistance is a buy signal. In this case, 59.16, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

The technical summary data is suggesting a short of HUBG if it tests 59.16 with a downside target of 57.78. We should have a stop loss in place at 59.33 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 59.16, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

HUBG Swing Term Analysis

The Technical Summary and Trading Plans for HUBG help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this HUBG Report.

If 59.16 begins to break higher, the technical summary data tells us to buy HUBG just over 59.16, with an upside target of 60.41. The data also tells us to set a stop loss @ 59.02 in case the stock turns against the trade. 59.16 is the first level of resistance above 58.84, and by rule, any break above resistance is a buy signal. In this case, 59.16, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

The technical summary data is suggesting a short of HUBG if it tests 59.16 with a downside target of 58.60. We should have a stop loss in place at 59.3 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 59.16, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

HUBG Day Term Analysis

Source: news.stocktradersdaily.com

Author: January 11, 2021, BY Thomas H. Kee Jr – Editor, Stock Traders Daily | Subscribe to RSS


Gilead Sciences to Present at the 39th Annual J.P.... | INN

Gilead Sciences to Present at the 39th Annual J.P…. | INN

Webcast Available Through Gilead Corporate Website – Gilead Sciences, Inc. today announced that Daniel O’Day, Gilead’s Chairman and Chief Executive Officer, will provide an overview of the company at the 39 th Annual J.P. Morgan Healthcare Conference on Monday, January 11 at 12:40 p.m. Pacific Time. The live webcast can be accessed at the company’s Investors page at . Please connect to the company’s …

Webcast Available Through Gilead Corporate Website –

Gilead Sciences, Inc. (Nasdaq: GILD) today announced that Daniel O’Day, Gilead’s Chairman and Chief Executive Officer, will provide an overview of the company at the 39 th Annual J.P. Morgan Healthcare Conference on Monday, January 11 at 12:40 p.m. Pacific Time.

The live webcast can be accessed at the company’s Investors page at http://investors.gilead.com . Please connect to the company’s website at least 15 minutes prior to the start of the presentation to ensure adequate time for any software download that may be required to listen to the webcast. The replay will be available for 14 days following the presentation.

About Gilead Sciences

Gilead Sciences, Inc. is a research-based biopharmaceutical company that discovers, develops and commercializes innovative medicines in areas of unmet medical need. The company strives to transform and simplify care for people with life-threatening illnesses around the world. Gilead has operations in more than 35 countries worldwide, with headquarters in Foster City, California.

For more information about Gilead, please visit the company’s website at www.gilead.com , follow Gilead on Twitter (@GileadSciences) or call Gilead Public Affairs at 1-800-GILEAD-5 or 1-650-574-3000.

Monica Tellado, Investors
(650) 522-5132

Source: investingnews.com

Author: Investing News Network


Most Americans couldn't cover a $1,000 financial emergency, survey finds

Most Americans couldn’t cover a $1,000 financial emergency, survey finds

Fewer than 4 in 10 Americans have enough money set aside to cover an unexpected $1,000 expense, such as a trip to the ER or car repairs, according to a new survey.

The nationwide poll, conducted in December by Bankrate and released Monday, illustrates the widespread economic insecurity following the coronavirus pandemic, which has magnified a sharp rise in inequality over the last 40 decades. The provider of financial advice for consumers found that only 39% of respondents could handle a surprise bill for that amount, while another 38% would have to borrow the money through credit cards, family or other means.

“The precarious state of Americans’ emergency savings has been further set back by the pandemic, with nearly as many needing to borrow to cover a $1,000 unplanned expense as those that can pay for it from savings,” Greg McBride, Bankrate’s chief financial analyst, said in a statement. 

Soaring unemployment caused by lockdowns and business shutdowns last year has forced many Americans to tap their already meager savings. For instance, the recent surge in cases across the U.S. prompted another wave of restaurants and bars having to close their doors, with hiring falling as a result in December.

Eighteen percent of the more than 1,000 adults surveyed said they would finance a $1,000 expense with a credit card and pay it off over time, while 12% would borrow from family members or friends. Another 8% said they’d take out a personal loan. 

Many economists, including policymakers at the Federal Reserve, think a broad recovery will take hold in the second half of the year once the COVID-19 vaccine is widely distributed. And Americans, it seems, share that optimism, according to Bankrate’s findings. Forty-four percent said they expect their finances to improve in 2021, compared to 14% who expect it’ll get worse. Forty percent said they expect their finances to stay about the same.

“Widespread vaccine availability brings the hope of normalcy we’ve all been craving, and optimism that this year will be better for our finances,” McBride said. “For many households, 2021 will be a year of trying to right the financial ship.”

Congress and the incoming Biden administration are expected to lend a hand with another financial relief measure, including so-called stimulus checks of as much as $2,000 per person.  

Source: www.cbsnews.com

Author: By Kate Gibson


11 killed in latest farmer-herder clashes in Chad

11 killed in latest farmer-herder clashes in Chad

At least 11 people have been killed in the latest fighting between farmers and nomadic herders in the southeast of Chad, the local governor told AFP Sunday.

The fighting took place on Friday and Saturday in Salamat province, after cattle belonging to one herder ruined a field. The herders attacked as the farmers were taking the animals into an enclosure.

“I can confirm that these clashes caused 11 deaths, around 10 wounded and 12 people who started the conflict have been arrested,” Salamat’s governor, Yambaye Abel Massira, told AFP.

“Several villages and fields were subsequently attacked and destroyed,” he added.

Violence between sedentary farmers and cattle raisers from the Fulani community, also called Peuls, has deep roots in southern Chad, where many people carry guns.

Between the end of November and mid-December alone, at least 33 people were killed in such clashes.

In a speech on Thursday, Chad’s President Idriss Deby Itno expressed his concerns about the wave of recent violence.

“Such a degree of animosity and hatred between communities is inconceivable,” he said.

“Nothing, absolutely nothing can explain this outbreak of violence.” The use of force had to remain within the law, he added.

[AFP]

Vanguard News Nigeria

Source: www.vanguardngr.com

Author: Rasheed Sobowale

View all posts by Rasheed Sobowale →


An ordinary investor to hold majority stakes in state-run Eastern Cables

Like this post? Please share to your friends:
Crypto Truth
Leave a Reply