Why morgan stanley investment banking

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

Deputy PM calls on S. Korean firms to buy Vietnam’s weak banks The Saigon Times Daily Deputy Prime Minister Vuong Dinh Hue (R) shakes hands with Hyundai Vice Chairman Jin Hyng-chung. Deputy PM Hue has called on banks and large groups from South Korea to acquire Vietnam’s poor-performing banks - PHOTO: VNA HCMC – Deputy Prime Minister Vuong Dinh Hue has called on banks and large groups from South Korea to acquire poor-performing banks in Vietnam, such as Ocean Bank, Global Petroleum Bank (GPBank) and Construction Bank (CBBank). At a meeting with the leaders of Korean banks, financial companies and Hyundai and Samsung Vietnam in South Korea’s capital of Seoul on June 20, as part of his ongoing visit to South Korea, Hue also called on these banks and firms to purchase shares in Vietnamese financial companies and participate in tenders for the North-South Expressway project, the local media reported. Leaders of Shinhan Financial Group and Alliex Company expressed … [Read more...] about Deputy PM calls on S. Korean firms to buy Vietnam’s weak banks

Prime Minister Nguyễn Xuân Phúc (r) receives Kanetsugu Mike, President and CEO of the largest Japanese bank in Hà Nội on Friday.— VNA/VNS Photo Thống Nhất HÀ NỘI — The Vietnamese Government is committed to creating the best conditions for foreign firms, including MUFG Bank, to operate in Việt Nam, said Prime Minister Nguyễn Xuân Phúc at a meeting with Kanetsugu Mike, President and CEO of the largest Japanese bank in Hà Nội on Friday. The PM congratulated MUFG Bank on its success in Việt Nam as a key partner and strategic shareholder of the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank). He highlighted the development of the Việt Nam-Japan strategic partnership in various fields, including finance and banking. Mike said that since MUFG Bank entered Việt Nam in 1996, it has received support from local governments, ministries and sectors. According to him, many Japanese firms have chosen to invest in Việt Nam over the past five years, and the number … [Read more...] about PM pledges optimal conditions for Japanese MUFG Bank in VN

Japanese bank to offer more loans to Vietnamese firms The Saigon Times Daily Masaaki Yamada (L), managing executive officer and global head of the Energy and Natural Resources Finance Group at the Japan Bank for International Cooperation, meets with Deputy Prime Minister Trinh Dinh Dung in Hanoi on March 8 – PHOTO: VGP HCMC – The Japan Bank for International Cooperation (JBIC) plans to offer bigger loans to Vietnamese firms involved in infrastructure and energy development projects, said Masaaki Yamada, managing executive officer and global head of the Energy and Natural Resources Finance Group at JBIC, at a meeting with Deputy Prime Minister Trinh Dinh Dung in Hanoi on March 7. The Deputy PM said that relations between Vietnam and Japan are experiencing a period of strong and comprehensive development across all fields, especially in economics, trade and investment, according to the Government news website. The Comprehensive and Progressive Agreement for … [Read more...] about Japanese bank to offer more loans to Vietnamese firms

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

Shinhan Bank opens four new branches The Saigon Times Daily Shinhan Bank representatives cut the ribbon to open new branches and transaction offices on August 15. Shinhan Bank has inaugurated four new branches and transaction offices in the cities of Danang, Hanoi and Haiphong and in Binh Duong Province – PHOTO: SHINHAN BANK HCMC – Shinhan Bank Vietnam Limited, or Shinhan Bank, has inaugurated four new branches and transaction offices in the cities of Danang, Hanoi and Haiphong and in Binh Duong Province. The Danang branch is located in Hai Chau District in Danang City, the Trang Due Transaction Office is in Haiphong City’s An Duong District, the My Ding Transaction Office is in Nam Tu Liem District in Hanoi City and the Binh Duong New City branch is situated in Binh Duong Province’s Thu Dau Mot City. The Danang branch is Shinhan Bank’s first in the central region following the opening of branches and transaction offices in the northern and southern parts of the … [Read more...] about Shinhan Bank opens four new branches

Defendants at the trial on losses incurred by Đông Á Bank in HCM City on December 7. — VNA/VNS Photo by Thành Chung Viet Nam News HCM CITY — The HCM City People’s Procuracy on Friday sought life imprisonment for Trần Phương Bình, former general director and vice chairman of Đông Á Bank for “abusing power to appropriate assets,” and another 20 years for “lack of responsibility, causing serious consequences”. It also wanted Bình to pay the bank VNĐ3.568 trillion (US$153 million) in compensation. Bình is one of 26 defendants in the ongoing trial, with Phan Văn Anh Vũ, aka Vũ Nhôm, former chairman of Đà Nẵng-based Bắc Nam 79 Construction Joint-Stock Co, and Nguyễn Thị Kim Xuyến, the lender’s former deputy general director, being among the others. They also face charges of causing losses by “intentionally violating regulations on economic management, causing serious consequences.” The prosecutors have sought 15-17 years’ imprisonment for Vũ. Vũ was sentenced … [Read more...] about Prosecutors demand life sentence for former Đông Á Bank chief

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