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Barclays has raised its price target for Coca-Cola Europacific Partners (CCEP) from $100 to $101, maintaining an Overweight rating. CCEP reported a 3.5% revenue increase to EUR20.7 billion and an 8% rise in operating profit to EUR2.7 billion, despite a 1.8% downward adjustment in pro forma earnings growth due to currency impacts. The company also announced a EUR1 billion share buyback program and achieved strong cash flow of EUR1.8 billion, with notable growth in the Philippines market.
Saudia Group has secured an agreement with Airbus for up to 20 A330neo jets, including 10 firm orders for its low-cost subsidiary, flyadeal, with deliveries set between 2027 and 2029. This order follows a previous commitment for 105 A320neo family aircraft and supports Saudi Arabia's Vision 2030 by enabling flyadeal to enter long-haul operations to Southeast Asia. The A330neo, powered by Rolls-Royce Trent 7000 engines, can fly up to 7,200 nautical miles, enhancing Saudia Group's fleet of 194 aircraft and its global reach.
Zus Coffee plans to open nearly 200 new stores in Southeast Asia by 2025, including 107 in Malaysia, 80 in the Philippines, and its first locations in Thailand and Indonesia. The chain has surpassed Starbucks as Malaysia’s largest coffee operator, capitalizing on Starbucks' recent decline due to geopolitical tensions affecting its local operator.With a technology-driven model, Zus Coffee reported a threefold increase in net income to 37 million ringgit (US$8.4 million) in 2024, with 70% of sales from online orders. Their strategy of localizing flavors and reducing operational costs allows them to offer products over 20% cheaper than Starbucks, effectively creating a new market segment in Malaysia.
JPMorgan Chase & Co. has upgraded Philippine equities to overweight from neutral, citing the country as a "relative winner" amid global economic turmoil caused by US tariffs. The Philippines, characterized by its domestic-focused economy, is expected to better shield corporate earnings during potential global slowdowns, according to strategists Khoi Vu and Jeanette Yutan.
JPMorgan Chase & Co. is set to complete four additional floors at its JPMorgan Chase Center in Taguig City by Q1 2026, accommodating 2,000 more employees. The expansion, driven by corporate growth and recent acquisitions, will enhance engagement among its 16,000 Manila-based staff. Currently, the center houses 8,000 seats across 20 operational floors.
Akulaku reported a 50% drop in profits to US$4.5 million in 2024, despite a 14% revenue increase to US$53 million, as expenses surged by 30%. The company’s consumer financing receivables soared nearly 42 times to US$130.7 million, supported by a US$100 million debt commitment from HSBC Singapore. General and administrative costs accounted for a significant portion of expenses, while provisions for impairment losses rose by 49%, indicating potential challenges with non-performing loans.
Globe is focusing on GCash and data centers as it transitions to new leadership with a fresh CEO. This strategic shift aims to enhance its digital services and infrastructure, positioning the company for growth in the evolving tech landscape.
Island nations like Indonesia and the Philippines face logistical challenges that eVTOL aircraft could address, enhancing point-to-point travel for tourism, medical emergencies, and cargo. However, commercialization is slow due to certification hurdles and regulatory frameworks still being developed. While some countries are making progress, such as Singapore and Thailand, the overall readiness for flying cars in Southeast Asia remains limited.
In Singapore, a burgeoning community of biohackers is exploring innovative methods to combat aging, utilizing technologies like red-light therapy and metabolic tracking. While some approaches are scientifically validated, others remain experimental, reflecting a mix of optimism and skepticism about extending human lifespan. Meanwhile, the Philippines is striving to enhance its position in Southeast Asia's data center market, facing challenges such as high electricity costs and natural disaster vulnerabilities, but may benefit from its geothermal energy resources.
Xendit has launched a free database featuring over 150 active venture capital firms in Southeast Asia, aimed at connecting founders with potential investors across Indonesia, Singapore, Vietnam, Malaysia, Thailand, and the Philippines. This initiative comes at a time when the region faces a significant funding downturn, with 2024 seeing a 42% drop in venture capital investment. The database will be regularly updated to assist both first-time and experienced entrepreneurs in navigating a more selective investment landscape.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Barclays raises Coca-Cola Europacific Partners price target amid strong earnings growth
10:48 01.05.2025
saudia group orders 20 airbus a330neo jets to enhance fleet capabilities
09:54 24.04.2025
zus coffee plans aggressive expansion in southeast asia amid starbucks decline
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07:06 24.04.2025
jpmorgan upgrades philippine stocks to overweight amid global economic concerns
04:00 24.04.2025
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Akulaku reports 50 percent profit drop amid BNPL market slowdown
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globe focuses on gcash and data centers under new ceo leadership
13:13 22.04.2025
flying cars inch closer to reality in southeast asia but face hurdles
09:00 22.04.2025
biohackers in singapore challenge aging with innovative technologies and methods
11:30 20.04.2025
xendit introduces free venture capital database for southeast asian startups
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