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Search resuls for: "Mirae Asset Securities"


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A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. It's a bit old hat, say a cohort of crypto investors who are betting on blockchain technology breathing new life into traditional assets. Others like Franklin Templeton, UBS Asset Management and ABN Amro (ABNd.AS) have launched tokenized versions of assets such as money market funds and green bonds. Indeed, the actual issuance and value of tokenized traditional assets remains small. Some market players now see significant advances.
Persons: Benoit Tessier, Franklin Templeton, Colin Butler, tokenization, hasn't, Morgan Krupetsky, Doug Schwenk, Lisa Mattackal, Medha Singh, Tom Wilson, Pravin Organizations: La Maison du, REUTERS, London Stock Exchange, Mirae, Securities, UBS Asset Management, ABN Amro, Polygon Labs, Reuters Graphics, Northern Trust, HSBC, Ava Labs, Digital Asset Research, Thomson, Reuters Locations: La, Paris, France, U.S, blockchain, Bengaluru
South Korea's Doosan Robotics opens books for $318 mln IPO
  + stars: | 2023-08-28 | by ( ) www.reuters.com   time to read: +1 min
SEOUL, Aug 28 (Reuters) - South Korea's Doosan Robotics Inc has opened the books on an up to $318 million initial public offering, according to a company filing. Through the IPO, the company is seeking to raise up to 421.2 billion won ($318.3 million), with its market capitalisation expected to be up to 1.69 trillion won. The international bookbuilding will run from Aug. 28 to Sept. 15, while the domestic book will be open Sept. 11-15, Doosan Robotics' regulatory filing said. The company received approval for the IPO from the Korean bourse earlier this month. ($1 = 1,323.2200 won)Reporting by Ju-min Park; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
Persons: 1,323.2200, Stephen Coates Organizations: Korea's Doosan Robotics Inc, Doosan Robotics, underwriters, Korea Investment & Securities, Mirae Asset Securities, bourse, Thomson Locations: SEOUL, Korean
A lack of demand and a chip glut has put pressure on memory prices which could hammer Samsung's profit. Samsung is the world's largest maker of memory chips, which go into everything from PCs to servers in data centers. But buyers are now cutting back on purchases of these goods due to inflation and macroeconomic concerns, leading to somewhat of a memory chip glut. Analysts at Mirae Asset Securities estimate that Samsung's chip division will post a 4.4 trillion Korean won loss in the first quarter. "Memory chip losses are expected to persist in the coming quarters as inventories remain at all-time highs, putting further downward pressure on chip prices," CrispIdea analysts said.
[1/2] Microsoft Corp's Bing search engine is seen on a computer in this illustration picture taken January 24, 2019. While Bing AI has been available to most users around the world since February, Google began the public release of its chatbot Bard only on Tuesday. "Bing has less than a tenth of Google's market share, so even if it converts 1% or 2% of users it will be materially beneficial to Bing and Microsoft," Luria said. App downloads for Bing have also jumped eight times globally after AI integration, according to app research firm Data.ai. Downloads for the Google search app fell 2% in the same period, the data showed.
Even though WTI crude just saw its worst week in more than two months, the oil trade may have more juice left in the tank. Mirae Asset Securities' Chris Hempstead told CNBC's "ETF Edge" that he sees the Russia-Ukraine war fallout and OPEC+ oil cuts as key bullish catalysts for oil. Hempstead added that demand for oil and gas will increase when China — the world's second-biggest consumer of oil — exits its Covid-19 lockdowns. Jan van Eck, CEO of global investment manager VanEck, shares that bullish outlook. "No one wants nuclear, no one wants solar panels [and] no one wants windmills, but we need it to do this energy transformation," van Eck said.
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