By Steven Scheer
JERUSALEM (Reuters) – Israel Katz took over as Israel’s finance minister on Monday as part of a new government, saying he planned to work towards helping the economy recover from the effects of the coronavirus while also promoting competition.
Katz — who replaces Moshe Kahlon after a five-year stint — said he didn’t want to talk about specific economic policies, preferring to first meet the ministry’s experts.
“There will be a plan,” he told a ceremony to mark the changing of the guard. “It will be accompanied by reforms, … competition.”
He has 90 days to pass a 2020 state budget. Israel has been using a pro-rated version of the 2019 base budget.
The government has approved an emergency stimulus plan of some 100 billion shekels ($28 billion) to help businesses and the economy deal with the effects of the pandemic — pushing up the expected budget
Sing Investments & Finance Limited (SGX:S35) stock is about to trade ex-dividend in 3 days time. This means that investors who purchase shares on or after the 22nd of May will not receive the dividend, which will be paid on the 3rd of June.
Sing Investments & Finance’s upcoming dividend is S$0.06 a share, following on from the last 12 months, when the company distributed a total of S$0.06 per share to shareholders. Looking at the last 12 months of distributions, Sing Investments & Finance has a trailing yield of approximately 4.8% on its current stock price of SGD1.25. We love seeing companies pay a dividend, but it’s also important to be sure that laying the golden eggs isn’t going to kill our golden goose! That’s why we should always check whether the dividend payments appear sustainable, and if the company is growing.
The analyst covering Shanghai Dongzheng Automotive Finance Co., Ltd. (HKG:2718) delivered a dose of negativity to shareholders today, by making a substantial revision to their statutory forecasts for this year. Revenue estimates were cut sharply as the analyst signalled a weaker outlook – perhaps a sign that investors should temper their expectations as well.
After this downgrade, Shanghai Dongzheng Automotive Finance’s one analyst is now forecasting revenues of CN¥770m in 2020. This would be a huge 30% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analyst was forecasting revenues of CN¥993m in 2020. The consensus view seems to have become more pessimistic on Shanghai Dongzheng Automotive Finance, noting the sizeable cut to revenue estimates in this update.
The consensus price target fell 64%