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The instinct is to sell. Asia technology companies from Singapore to China are making the right noises on cost cutting and are mostly moving in the right direction but can’t do enough to please investors. The market’s high expectations are a sticky problem for a sector on the mend. ....
Fosun International Ltd reduced its stake in shares of Trip.com Group Limited (NASDAQ:TCOM – Get Rating) by 33.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,937 shares of the company’s stock after selling 18,000 shares during the quarter. Fosun International Ltd’s […] ....
Britain will invest 1 billion pounds ($1.3 billion) in its semiconductor sector over the next decade as part of a long-awaited strategy that was immediately criticised by the industry for being too little to make a difference. ....
StockNews.com assumed coverage on shares of Trip.com Group (NASDAQ:TCOM – Get Rating) in a report released on Thursday. The brokerage set a “hold” rating on the stock. Other research analysts have also recently issued reports about the stock. HSBC upped their price target on shares of Trip.com Group from $44.00 to $48.00 and gave the […] ....
Montana took the unusual step on Wednesday of banning Chinese-owned short video app TikTok, with lawmakers of the sparsely populated western U.S. state saying they aimed to protect residents from alleged intelligence gathering by China. ....