Should You Buy Hyped Reddit Stocks GameStop (GME)?, Olive Oil Is Becoming Hot Ingredient In China, Japan, Singapore, Residential sales in Dubai account for 45% of transactions in 2020 – report
Should You Buy Hyped Reddit Stocks GameStop (GME), AMC, Express (EXPR) BBBY, BB? – Bloomberg
“GameStop Corp. Its share price has surged. Back in April, the brick-and-mortar video-game retailer was trading at $2.80. On Wednesday, it hit $380.
“And it looks like this behaviour could be repeated: Reddit posters are already searching for the next company to pounce on.”
“Advisers caution that one win for Reddit users is unlikely to translate into continuous, long-term gains for you.”
“Large financial firms also have access to information individual investors just can’t get”
“The focus for any individual investors should be about their long-term investment goals and not headlines, said James McManus, a chief investment officer of Nutmeg.”
Olive Oil Is Becoming Hot Ingredient In China, Japan, Singapore – Bloomberg
“Japan’s increasing taste for olive oil has spurred local producers.”
“Extra-virgin olive oil consumption in China is increasing at a significant pace,” said Canamasas.
“The Asia-Pacific olive market is expected to record an annual growth rate of 4.2% from 2020 through 2025, according to market research firm Mordor Intelligence”
“In Singapore, Sebastien Lepinoy is likewise pushing world-class oil, but he’s not using local olives”
Oil Supermajors to Show Worst is Over With Commodities Rally – Bloomberg
“The challenge for executives during conference calls with analysts and investors will be to strike the right balance between paying back debt, funding shareholder payouts and financing growth plans and energy-transition strategies“
“While higher commodity prices clearly benefit oil companies, the supermajors can be something of a black box in translating those gains into cash flows.“
“The European majors have all promised – to differing levels – to ramp up investments into cleaner energy over the next decades. But oil and natural gas are still their bread and butter, meaning that they will have to juggle money flowing into fossil fuels while also diverting capital into less-profitable renewables and shareholder payouts.”
“The crisis of 2020 was so severe that the majors’ quickly resorted to huge layoffs to reduce costs, and now investors will want to see what kind of savings have been reaped.”
Farmer’s Son Becomes Billionaire After Early Bet on Wind Power – Bloomberg
“CS Wind Corp. has become the world’s biggest manufacturer of wind towers. The firm’s shares have rallied for the past four years, surging almost fivefold in 2020 alone”
“Gim, 67, the son of a farmer, is now one of the wealthiest people in South Korea”
“Gim was quick to identify the growth potential globally,” said Han Byung-hwa, an analyst at Seoul-based Eugene Investment & Securities Co”
“Five years later, his company received an investment of 47.2 billion won ($43 million) from Goldman Sachs, which helped it expand into seven countries”
“Gim made the shift to renewable energy in 2003.”
GameStop, Bitcoin, Tesla: Bubble Warnings Keep Getting Louder – Bloomberg
“A growing legion of retail investors are challenging Wall Street orthodoxy and sending shares of previously unheralded stocks into the stratosphere (yes, of course, we mean you GameStop Corp.).”
“So what’s behind all the speculation? In a nutshell, the global pandemic.”
“At the moment, the world is pinning its hopes on the distribution of vaccines to allow economies to get back on track. Any hiccups in that process, however, could potentially spook investors into selling, which could in turn spiral into a wider loss of confidence across asset classes.”
Dubai mandates regional joint-stock firms to list on local securities exchanges – GCC Business News
“According to the order, non-local companies should list their stocks in local markets when their annual profits or revenues generated from activities in Dubai exceed 50 percent or more of their overall annual profits or revenues, or when their total assets owned in Dubai account for 50 percent or more of their total assets.”
Residential sales in Dubai account for 45% of transactions in 2020 – report
“In 2020, prospective buyers and tenants in search of affordable housing have turned to the suburbs of Dubai, including Jumeirah Village Circle, Mirdif, Dubailand and Akoya Oxygen. On the other hand, historically popular neighbourhoods such as Dubai Marina, Downtown Dubai, Jumeirah and Arabian Ranches remain the top choices for luxury properties for sale and rent,” the Dubai Property Annual Sales and Rental Market Report for 2020 read.”
“For the next six months, based on what we have seen in the last year, trends look very positive – the prices have begin to stabilise, especially in popular communities,” Fibha Ahmed, director of sales for Bayut & dubizzle told Gulf Business.”
Private jets movements at Dubai South increased 21% y-on-y in 2020
“The Mohammed bin Rashid Aerospace Hub (MBRAH) at Dubai South has said that private jets movements in 2020 grew by 21 per cent compared to 2019.”