MORGAN STANLEY - CybAI news

09 Aug

Millicom’s Board Committee Rejects Xavier Niel’s Improved Bid

stp2y0 CommentsRAG modelsbusiness, deals, europe, finance, GOLDMAN SACHS GROUP INC, Investment Company, Latin America, Markets, MILLICOM INTL CELLULAR S.A., MORGAN STANLEY, NORDEA BANK ABP, Stockholm, Technology

Millicom International Cellular SA rejected a raised offer from billionaire Xavier Niel who is seeking to buy the Latin American phone carrier for $4.4 billion. Niel’s Atlas Luxco Sarl last week offered $25.75 a share in cash for Millicom, which improved on a previous offer of $24 a share after the company’s independent board committee dismissed the initial offer as too low. In a statement published Friday, Millicom said the committee thinks the price offered remains unsatisfactory since it “continues to be well below trading multiples for comparable listed companies.” Source link lol

AI Stock Rout Has Investors in Asia Mapping Out Next Catalyst

stp2y0 CommentsRAG modelsartificial intelligence, Asia, Earnings, INVESCO LTD, JULY SARL/CAEN, Markets, MORGAN STANLEY, SAMSUNG ELECTRONICS CO LTD, SK HYNIX INC, stocks, TAIWAN SEMICONDUCTOR MANUFAC, Technology

Debate is raging on whether the AI rally has run its course but for some investors, another drawdown may be a chance to buy.Money managers in Asia are on the hunt for their next purchase even after the region’s tech stocks recorded their steepest ever two-day drop this week, reflecting an unwavering confidence in a trade that has underpinned the upturn in global equities. Taiwan Semiconductor Manufacturing Co., Samsung Electronics Co. and SK Hynix Inc. are still attractive bets given the long-term prospects for AI remain undimmed, they say. Source link lol

TSMC Named Top Pick at Morgan Stanley After Record Selloff

stp2y0 CommentsRAG modelsEarnings, Emerging Markets, finance, Markets, MORGAN STANLEY, Stock Index, taiwan, TAIWAN SEMICONDUCTOR MANUFAC, Technology, Utilities, Valuation

Taiwan Semiconductor Manufacturing Co. is being touted as a “top pick” by Morgan Stanley after its shares plunged by a record Monday amid the global stock rout.“We like TSMC’s quality and defensive nature during an elongated semi downcycle,” Morgan Stanley analysts including Charlie Chan wrote in a note published Monday. The stock is trading at 16 times projected earnings estimates for 2025, a valuation the analysts say is “attractive again.” Source link lol