Thai stocks rally as SET Index climbs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 06 2024
0mins
Source: MarketWatch
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Analyst Views on BYD
Wall Street analysts forecast BYD stock price to rise
11 Analyst Rating
4 Buy
7 Hold
0 Sell
Moderate Buy
Current: 84.470
Low
84.00
Averages
93.70
High
110.00
Current: 84.470
Low
84.00
Averages
93.70
High
110.00
About BYD
Boyd Gaming Corporation is a gaming company. It operates over 28 gaming entertainment properties in 10 states, manager of a tribal casino in northern California, and owner and operator of Boyd Interactive, a B2B and B2C online casino gaming business. Its segments include Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online. The Las Vegas Locals segment consists of eight casinos in the Las Vegas metropolitan area. The Downtown Las Vegas segment consists of three properties: California Hotel and Casino, Fremont Hotel & Casino, and Main Street Station Hotel and Casino. Its Midwest & South properties consist of five land-based casinos, five dockside riverboat casinos, three racinos and four barge-based casinos that operate in nine states, predominantly in the Midwest and southern United States. The Online segment includes its online gaming operations through collaborative arrangements with third parties throughout the United States and the operations of Boyd Interactive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Significant Sales Growth: Driven by the iPhone 17 launch, Apple's smartphone sales surged 23% year-on-year in the first nine weeks of 2023, contrasting with a 4% decline in China's overall market, indicating Apple's robust growth potential in a competitive landscape.
- Pharmaceutical Investment Plans: Pharmaceutical giant Eli Lilly announced plans to invest $3 billion in China over the next decade, despite only 3% of its revenue coming from the country last year; the CEO expressed optimism about the potential for its GLP-1 obesity drug in China, reflecting foreign confidence in the market.
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- Escalating Middle East Tensions: The attack is linked to Iran's ongoing aggression towards its neighbors, which may exacerbate tensions between the U.S. and Iran, thereby impacting the stability of the global energy supply chain.
- Rising Oil Prices: Amid the ongoing Middle East crisis, West Texas Intermediate crude futures rose approximately 2% to $95.34 per barrel, while global benchmark Brent increased by 1.8% to $102.03 per barrel, reflecting market concerns over potential supply disruptions.
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- Delivery Timeline: The ID. UNYX 08 is set to begin deliveries by the end of June, equipped with L2 advanced driver-assist technology that aids drivers in navigating highways and urban streets, thereby increasing consumer demand for smart electric vehicles.
- Future Technology Plans: Volkswagen anticipates that its vehicles in China will achieve L3 autonomous driving capabilities within two years, allowing drivers to take their hands off the wheel under specific conditions, which will shift liability for accidents from drivers to manufacturers, enhancing consumer trust.
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- Apple CEO Remarks: At the China Development Forum, Apple CEO Tim Cook highlighted the 'extraordinary' pace of technological progress in China, stating that over 90% of Apple's production is powered by clean energy, demonstrating Apple's ongoing commitment and confidence in the Chinese market.
- Significant Sales Growth: Driven by the iPhone 17 launch, Apple's smartphone sales surged 23% year-on-year in the first nine weeks of 2023, contrasting with a 4% decline in China's overall market, indicating Apple's robust growth potential in a competitive landscape.
- Pharmaceutical Investment Plans: Pharmaceutical giant Eli Lilly announced plans to invest $3 billion in China over the next decade, despite only 3% of its revenue coming from the country last year; the CEO expressed optimism about the potential for its GLP-1 obesity drug in China, reflecting foreign confidence in the market.
- Volkswagen's New Strategy: Volkswagen CEO Oliver Blume stated that the company will launch 20 new models in China this year, despite an 8% drop in passenger car sales last year, emphasizing the importance of a stable market environment for foreign investors and showcasing a long-term commitment to the Chinese market.
See More
Tesla Strikes $4.3 Billion Battery Deal with LG Energy
- Battery Procurement Agreement: Tesla has struck a $4.3 billion deal with LG Energy Solution to procure battery cells for energy storage systems produced in Lansing, Michigan, further solidifying its position in the energy market.
- Energy Business Growth: Tesla's energy segment saw a 27% revenue increase last year, reaching $12.8 billion and accounting for 13% of total revenue, showcasing its rapid expansion potential outside of electric vehicles, despite a 10% decline in the auto sector.
- Production Line Development: LG Energy will establish dedicated production lines at its Lansing facility to meet Tesla's needs, indicating the depth of their collaboration and expectations for future market demand, while also reflecting LG's commitment to battery production capabilities.
- Market Competition Pressure: Tesla anticipates margin compression in its energy business due to low-cost competition, particularly from BYD in China and emerging climate-tech startups, highlighting the complexity of the market environment and the intensity of competition.
See More
Oil Prices Surge Over 2% Amid Middle East Tensions
- Oil Price Surge: Oil prices jumped over 2% on Tuesday due to uncertainty surrounding a U.S.-led coalition to protect shipping through the Strait of Hormuz, reflecting the market's heightened sensitivity to Middle Eastern tensions that could lead to further price increases.
- Middle East Tensions: The UAE reopened its airspace after a brief shutdown, indicating that security conditions in the region remain precarious, with ongoing missile and drone attacks from Iran disrupting shipping and oil production.
- Interest Rate Hike: The Reserve Bank of Australia raised its benchmark policy rate for the second consecutive time due to inflation risks posed by the war in Iran, a move that could dampen economic growth and affect investor confidence.
- Market Reactions: Asia-Pacific equities rose on Tuesday, driven by gains in auto and tech stocks, particularly after Nvidia announced a robust revenue forecast, showcasing market optimism in the tech sector despite a lack of direction in European and U.S. futures trading.
See More
Foreign Tanker Catches Fire in Iraqi Waters Amid Attacks
- Tanker Attack Incident: A foreign tanker carrying Iraqi fuel caught fire in Iraq's territorial waters near Basra, indicating a deterioration in regional security that could lead to further fluctuations in international oil prices.
- Escalating Middle East Tensions: The attack is linked to Iran's ongoing aggression towards its neighbors, which may exacerbate tensions between the U.S. and Iran, thereby impacting the stability of the global energy supply chain.
- Rising Oil Prices: Amid the ongoing Middle East crisis, West Texas Intermediate crude futures rose approximately 2% to $95.34 per barrel, while global benchmark Brent increased by 1.8% to $102.03 per barrel, reflecting market concerns over potential supply disruptions.
- Geopolitical Implications: President Trump is seeking assistance from other nations to secure the Strait of Hormuz, but the lukewarm response indicates doubts about U.S. leadership and influence in the region, potentially leading to future market uncertainties.
See More
Volkswagen Begins Production of First All-Electric SUV
- Production Launch: Volkswagen commenced production of its first all-electric SUV, the ID. UNYX 08, on March 13, 2026, in Hefei, utilizing Xpeng's Turing chip, which signifies a crucial advancement in its electric vehicle strategy aimed at enhancing competitiveness in the Chinese market.
- Delivery Timeline: The ID. UNYX 08 is set to begin deliveries by the end of June, equipped with L2 advanced driver-assist technology that aids drivers in navigating highways and urban streets, thereby increasing consumer demand for smart electric vehicles.
- Future Technology Plans: Volkswagen anticipates that its vehicles in China will achieve L3 autonomous driving capabilities within two years, allowing drivers to take their hands off the wheel under specific conditions, which will shift liability for accidents from drivers to manufacturers, enhancing consumer trust.
- Market Strategy Adjustment: Following a business overhaul in 2023, Volkswagen plans to launch 20 new electric models in 2026 and aims for a total of 50 new models by 2030, demonstrating a strong commitment to the Chinese market and a focus on electrification transformation.
See More
Nvidia Projects $1 Trillion in AI Chip Orders by 2027
- Surging Order Expectations: CEO Jensen Huang announced at the developer conference that Nvidia anticipates orders between Blackwell and Vera Rubin to reach $1 trillion by 2027, significantly up from last year's $500 billion forecast, indicating robust market demand for AI chips.
- Sustained Revenue Growth: Nvidia expects a year-over-year revenue surge of 77% this quarter, reaching approximately $78 billion, and has reported 11 consecutive quarters of revenue growth exceeding 55%, underscoring its leadership position and the ongoing rise in market demand for AI technologies.
- New Product Launch: Huang unveiled the Groq 3 Language Processing Unit (LPU), the first chip from the startup Nvidia acquired for $20 billion, expected to ship in Q3, aimed at enhancing GPU performance and strengthening competitive positioning in the market.
- Future Architecture Plans: Nvidia showcased the Kyber prototype, the next major rack architecture following Vera Rubin, set to launch in 2027, integrating 144 GPUs to boost density and reduce latency, further solidifying its technological edge in AI computing.
See More
