Morgan stanley private bank

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Morgan Stanley is "increasingly bullish" about the iPhone 12 cycle and has hiked the target Apple stock price, because of better-than-expected sales performance in China, stable build numbers, and other positive data. In a note to investor seen by AppleInsider , lead analyst Katy Huberty writes that the iPhone 12 is "surprising to the upside in China." The trend comes after months of supposed smartphone weakness in China. The analyst estimates that iPhone shipments are up around 40% year-over-year in China in the quarter to date. That's based on smartphone shipment information released by the Chinese government. Since it doesn't break out Android versus non-Android devices, the percentage of smartphones sold in China that are iPhones is an estimate. Total … [Read more...] about Morgan Stanley raises AAPL to $144 on iPhone 12 strength in China

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Morgan Stanley has raised its Apple price target to $152 on expectations of a strong December quarter across its product and services portfolio. In a note to investors seen by AppleInsider , analyst Katy Huberty says that recent checks indicated that 5G adoption, the switch to remote education and work, and sustained App Store engagement all drove Apple to a potential blockbuster of a December quarter. "Our recent conversations suggest investors expect Apple to release solid, but not great, December quarter results," Huberty writes. "We disagree and believe that Apple is likely to report all-time record quarterly revenue and earnings." The analyst expects Apple to report double digit year-over-year growth across all five of its revenue segments, with some … [Read more...] about Morgan Stanley raises AAPL target to $152, expects blockbuster December quarter

Morgan Stanley has raised its AAPL price target to $164 on blockbuster Apple December quarter results, and said that products like the iPhone could see continued strength in the second quarter. In a note to investors seen by AppleInsider , Morgan Stanley analyst Katy Huberty said that some of the highlights of Apple's Q1 2021 earnings report were "faster iPhone share gains, installed base growth, and services monetization." Those factors, along with a refreshed product lineup and a continued remote education and learning environment, hint at strong double-digit growth over the next several quarters, Huberty said. Other key metrics support an overall faster growth outlook in the long term. They include an acceleration in Apple's installed base growth — from 7% to 10% — and services monetization, as well as a recovery in China. The analyst adds that Apple's gross margin of 39.8% was 160 basis points higher than she modeled. Guidance suggesting upcoming March … [Read more...] about Morgan Stanley raises AAPL to $164 on Q1 2021 results, says Q2 outlook is strong

Banks have taken many policies, including offering free money transfers and investing in digital technology to attract customers. — Photo cafef.vn Competition among banks to lure demand deposits is becoming fiercer as the cheap capital source helps banks increase their net interest income (NIM) ratio. Demand deposits have very low interest rates of only 0.1 per cent per year. Therefore, banks will have low input capital costs and ease to increase their NIM ratio if they have high current account savings account (CASA) ratio – or the proportion of demand deposits out of total deposits. Besides, CASA also reflects customers' belief and assessment of banks’ service quality, especially payment services. Therefore, increasing CASA has become extremely important in retail banking strategy and many banks consider it one of the top targets in recent years. Before 2018, Vietcombank and MBBank were the two banks with the largest proportion of CASA in the banking system. While … [Read more...] about Banks step up to lure demand deposits

Ousmane Dione, the World Bank’s Country Director for Việt Nam (left) presents the new Country Partnership Framework with Việt Nam to Minister of Planning and Investment Nguyễn Chí Dũng. — VNA/VNS Photo Trần Việt Viet Nam News HÀ NỘI — The World Bank Group on Thursday released its new Country Partnership Framework (CFP) with Việt Nam, focusing on inclusive growth, investment in people, environmental sustainability and good governance. It accompanies Việt Nam as it is transforming further into middle income country status and has graduated from the International Development Association - the World Bank’s fund for low income countries. The new partnership framework leverages further support for the country by mobilising commercial finance and private sector engagement. It prioritises inclusive growth and private sector participation; investment in people and knowledge; environmental sustainability and resilience; and good governance. The CPF introduces a … [Read more...] about World Bank issues blueprint for Việt Nam’s development

VBA calls for raising charter capital at four major State banks By Thanh Thom VietinBank employees are at work. The bank is in desperate need of a charter capital hike – PHOTO: VIETINBANK HCMC – The Vietnam Bank Association (VBA) has repeated its call for the Government to approve charter capital hikes at four major State-owned commercial banks, noting that the delay could adversely affect money supply for the economy. The credit supply of the four State banks – the Bank for Investment and Development of Vietnam (BIDV), the Vietnam Bank for Industry and Trade (VietinBank), the Vietnam Bank for Agriculture and Rural Development (Agribank) and the Bank for Foreign Trade of Vietnam (Vietcombank) – may not grow, possibly leading to declines in gross domestic product growth and tax revenue for the State, according to the VBA. Also, the capital adequacy ratio (CAR), an international standard that measures a bank’s risk of insolvency from excessive losses, may be … [Read more...] about VBA calls for raising charter capital at four major State banks

The Ministry of Public Security has called on local police forces to strengthen the fight against robberies at banks, banking transaction centres and gold shops.— Photo danviet.vn HÀ NỘI — The Ministry of Public Security has called on local police forces to strengthen the fight against robberies at banks, banking transaction centres and gold shops. The Ministry of Public Security has also sent an official letter to the State Bank of Việt Nam requesting the intensification of security methods in the banking network. According to the Ministry of Public Security, although the police force has quickly investigated, arrested offenders and recovered property stolen during robberies at bank branches and gold shops, any insecurity within the system can cause great anxiety among the people. The ministry reported that since the beginning of this year, many robberies at bank branches, bank transaction centres and gold shops have occurred in the … [Read more...] about Local police to battle bank robberies

Bank stocks decline despite lenders' handsome profits By Phuong Thao HCMC – Many banks continued to report positive figures in their financial statements for the last quarter and the entire year 2018, but their stock prices on bourse still decreased today, January 16. Among 10 listed bank stocks, VCB slid around 0.89% at VND55,400 and BID lost over 0.9% at VND32,200. TCB, which replaced CTG in the second place in the top five banks by 2018 profit and became the first private bank reaching the profit level of VND10 trillion, also moved sideways at VND26,500. VPB was the only bank jumping over 3.1% at VND19,850. The lender was also in the top five though it missed the 2018 target, said tinnhanhchungkhoan.vn. The VN-Index of the Hochiminh Stock Exchange moved flat again, losing a marginal 0.98 point, or 0.11%, against the previous day at 908.7. Market breadth was neutral with 131 stocks rising versus 143 others ending lower. Turnover on the southern bourse improved strongly … [Read more...] about Bank stocks decline despite lenders’ handsome profits

HCM City authorities on November 14 signed a Memorandum of Understanding (MoU) with the World Bank on a comprehensive partnership for strategic engagements in the 2018-21 period. — VNA/VNS Phto Xuân Khu HCM CITY — HCM City authorities on November 14 signed a Memorandum of Understanding (MoU) with the World Bank on a comprehensive partnership for strategic engagements in the 2018-21 period. Speaking at the signing ceremony, Nguyễn Thành Phong, chairman of HCM City’s People’s Committee, said the signing of the MoU was an important milestone, deepening the cooperation between the World Bank and HCM City in the coming time. The World Bank is one of HCM City’s long-term partners, he said, adding that its investment projects and technical assistance have contributed to improving infrastructure and the quality of life of its residents. He said the city hoped to continue to receive assistance from foreign partners so that it could maintain its role as a driving force for economic … [Read more...] about HCM City signs MoU with World Bank

Prime Minister Nguyễn Xuân Phúc (right) hosts World Bank Vice President for Infrastructure Makhtar Diop in Hà Nội on Thursday. — VNA/VNS Photo Viet Nam News HÀ NỘI — The World Bank (WB) is willing to work with Việt Nam in infrastructure development and wants to share Việt Nam’s experience with other countries in this sphere, said WB Vice President for Infrastructure Makhtar Diop. During a meeting with Prime Minister Nguyễn Xuân Phúc on Thursday in Hà Nội, the bank official congratulated Việt Nam on its impressive achievements in economic growth and social welfare. Many countries could learn from Việt Nam’s experience in successfully transferring from a low-income to middle-income nation, while ensuring macro-economic and social stability, he said. He hoped Việt Nam would continue playing an important role in developing the region and sub-region. Diop appreciated Việt Nam’s power energy development, saying the WB is ready to assist the country in building the North-South … [Read more...] about World Bank pledges to support Việt Nam in infrastructure development