Shares of Tronox Holdings closed sharply higher Monday following a report that said the pigment manufacturer received an all-cash offer of $4.3 billion from private-equity giant Apollo Global Management.
On a per-share basis, the offer was for $27 a share, Reuters reported, citing sources who spoke on condition of anonymity. Tronox has hired advisers to consider the bid.
Efforts to reach Tronox for comment were unsuccessful.
Tronox (ticker: TROX) shares rose 11.05% on Monday to close at $22.81. The stock traded as high as $25.48 earlier in the session, the biggest advance since April 2020, according to Bloomberg.
Eight analysts surveyed by FactSet rate Tronox stock at Overweight, with an average price target of $25.88.
Analysts at Alembic Global Advisors said if the report of Apollo’s bid is true, Tronox shares were being undervalued.
Top 10 Undervalued Stocks To Buy For 2023: Carlsberg A/S (CABGY)
Carlsberg A/S is a Denmark-based company active within the brewing industry. It is primarily engaged in the production, marketing and sale of beer and soft drinks. The Company’s portfolio consists of more than 500 beer brands, including Carlsberg, Kronenbourg, Baltika, Holsten, Tuborg, Lav and Lvivske, among others. Its operations are divided in geographical segments: Western Europe, Eastern Europe and Asia, which create Beverages division, and Non-beverage. The Company is also present in markets where it does not have own breweries, through license business and export. Additionally, the Company has interests in development and sales of real estate. It operates through numerous subsidiaries in Europe and Asia, including Carlsberg Danmark A/S, Carlsberg Sverige AB, Carlsberg Polska SA, Baltika Breweries and Carlsberg Brewery Hong Kong Ltd, among others. In December 2013, it acquired an approximately 30.3% stake in China’s Chongqing Brewery Company Co. Ltd, raising its stake to 60%.
Advisors’ Opinion:
- [By Ethan Ryder]
Get a free copy of the Zacks research report on CARLSBERG AS/S (CABGY)
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- [By Max Byerly]
Anheuser-Busch InBev (NYSE: BUD) and Carlsberg (OTCMKTS:CABGY) are both large-cap consumer staples companies, but which is the superior business? We will contrast the two businesses based on the strength of their institutional ownership, analyst recommendations, valuation, profitability, risk, dividends and earnings.
Top 10 Undervalued Stocks To Buy For 2023: Noah Holdings Ltd.(NOAH)
Noah Holdings Limited, incorporated on June 29, 2007, is a wealth management service provider with a focus on global wealth investment and asset allocation services for high net worth individuals and enterprises in China. The Company operates through three segments: wealth management, asset management and Internet finance. It also provides Internet finance services to clients in China. It provides direct access to China’s high net worth population. With approximately 1,100 relationship managers in over 130 branch offices, its coverage network includes China’s regions where high net worth population is concentrated, including the Yangtze River Delta, the Pearl River Delta, the Bohai Rim and other regions.
The Company, through its coverage network, serves approximately three types of clients, including high net worth individuals, enterprises affiliated with high net worth individuals and wholesale clients. The Company’s product offerings consist primarily of over-the-counter (OTC) wealth management and OTC asset management products, mutual fund products and asset management plans originated in China and designed to cater to the needs of China’s high net worth population. It also offers wealth management and asset management products and services through its subsidiaries in Hong Kong.
Wealth Management Products
The Company markets, distributes or manages various categories of wealth management products based on the underlying asset classes, which include fixed income products, private equity fund products, secondary market equity fund products and other products. Fixed income products include asset management plans sponsored by mutual fund management companies or securities companies; real estate funds managed by the Company, and collateralized fixed income products sponsored by trust companies. Private equity fund products include investments in various private equity funds sponsored by domestic and international asset/fund management firms; real estate funds and fund of funds managed by the Company, and asset management plans sponsored by mutual fund management companies or securities companies, the underlying assets of which are portfolios of equity investments in unlisted private enterprises. Other products, including mutual fund products, insurance products, short-term financing products, online platform services to white-collar professionals clients, peer-to-peer lending for high net worth individuals through the Internet, and online payment and product information systems, which facilitate online payment services by transferring customer data to third-party online payment platforms.
Asset Management Products
The Company offers asset management products across various types of asset classes, including real estate funds and real estate funds of funds; private equity funds of funds; secondary market equity fund products, and other fixed income funds of funds. Its real estate funds and real estate funds of funds include funds and funds of funds for residential, as well as commercial real estate properties, such as office buildings and retail property in China and overseas; private equity funds of funds include investments in the domestic private equity funds in China, and other fixed income funds of funds include public equity funds, international funds, the United States dollar-denominated hedge funds, multi-strategy hedge funds, investment funds, core fund of funds and funds with various types of credit asset classes in China and overseas, as well as customized manager of manager services.
Internet Finance Services
The Company provides small short-term loans. In addition, it offers Cai Fu Pai, an Internet finance platform that provides financial products and services to white-collar professionals in China. Its Internet finance business serves high net worth individuals, white collar professionals and enterprise clients through a range of products and services.
The Company competes with China Merchants Bank, China Minsheng Bank, China Everbright Bank and PingAn Insurance.
Advisors’ Opinion:
- [By Motley Fool Transcribers]
Noah Holdings (NYSE:NOAH)Q4 2018 Earnings Conference CallMarch 12, 2019, 8:00 p.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Max Byerly]
Noah Coin (CURRENCY:NOAH) traded 3.3% higher against the US dollar during the twenty-four hour period ending at 20:00 PM Eastern on February 3rd. During the last seven days, Noah Coin has traded 10% lower against the US dollar. Noah Coin has a total market cap of $6.11 million and approximately $75,297.00 worth of Noah Coin was traded on exchanges in the last 24 hours. One Noah Coin token can now be purchased for $0.0002 or 0.00000005 BTC on popular cryptocurrency exchanges including YoBit, DDEX, Mercatox and Livecoin.
- [By Max Byerly]
Get a free copy of the Zacks research report on Noah (NOAH)
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Top 10 Undervalued Stocks To Buy For 2023: Federal Agricultural Mortgage Corporation(AGM)
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of eligible mortgage loans; and provides long-term standby purchase commitments to acquire designated eligible mortgage loans. The USDA Guarantees segment purchases portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the United States Department of Agriculture (USDA). The Rural Utilities segment purchases and guarantees securities that are backed by eligible rural utilities loans. The Institutional Credit segment purchases or guarantees general obligations of lenders that are secured by pools of the types of loans eligible for purchase under Farm & Ranch, USDA Guarantees, or Rural Utilities lines of business. The company also provides advances against eligible mortgage loans by purchasing obligations secured by those loans. Federal Agricultural Mortgage Corporation was founded in 1987 and is based in Washington, District of Columbia.
