The rise in anti-China sentiment has raised questions in Myanmar business circles and in China, not only over the surge of Chinese investment in recent years but for billions of dollars earmarked for a strategic neighbour on Beijing's "Belt and Road" infrastructure plan. Sasol’s Lake Charles Chemicals Project (LCCP) is 88% complete, on schedule, and costing $11.13 bn, the company said in its earnings statements. In a recent note on the state of the stock markets, Raymond James equity strategist Tavis McCourt points out a series of policy factors that are playing a role in the current market volatility; the situation is more complex, perhaps, than most of us have been willing to admit. “For it to genuinely be considered ‘future money,’ the narrative of DOGE as a meme coin will have to erode.” It worth noting that Komodo recently launched a decentralized exchange dubbed DogeDEX for users to trade in the cryptocurrency without intermediaries such as brokers. Until recently, PAE was a privately held company, but in February last year it was merged with Gores Holdings III in a SPAC transaction. “You really are trying to fix the plane when you’re flying it,” he said. h�b```f``��l�� ��ea�X��4�9ځ���87GC��8�����A h�-��i�A'\��2�@����iF �b.ƿ� |FC� �� KuCoin CEO Johnny Lyu said that DOGE could be used to transact in hotels, restaurants, or cinemas in the future, according to Cointelegraph. “I don’t think demand is going to go away, but it’s going to create yet another hurdle as people navigate how to get into the market -- particularly for younger, first-time buyers.”Last week, the average rate for a 30-year fixed mortgage climbed above 3% for the first time since July, according to Freddie Mac. {J�RS' In the past year, the company created over 150 jobs at its Bethlehem, Pennsylvania facilities as part of an effort to develop fast, at-home, COVID test kits. It’s no secret that governments are huge users of contract service companies, and PAE is a major provider of contract services for US government and defense agencies. Bearing this in mind, our focus turned to three stocks backed by Raymond James, with the firm’s analysts noting that each could soar over 50% from current levels. According to the new plan, the cost estimate for the project has been revised to a range of 12.6 – 12.9 billion dollars which includes a contingency of 300 million dollars. The covenant for June 2021 will remain at 3x Net Debt: EBITDA. Sasol's US Lake Charles LLDPE unit mechanically complete, cracker completion imminent HOUSTON (ICIS)--The linear-low density polyethylene (LLDPE) unit of Sasol's Lake Charles Chemicals Project (LCCP) in the US is mechanically complete, and mechanical completion of the cracker is imminent, a company spokesman said on Thursday. Under the terms of the Transaction agreements, LyondellBasell will operate the JV assets on behalf of the JV and market the polyethylene products on behalf of the two shareholders. On Monday, the stock had rallied 4.2% to the highest close since May 2018 after The Wall Street Journal reported that GE was near a more-than $30 billion deal to combine its aircraft leading business (GECAS) with Ireland-based AerCap Holdings N.V. Analyst Joshua Pokrzywinski at Morgan Stanley reiterated his overweight rating and stock price target of $17, which is 20% above current levels, after the report of the potential Gecas deal, which he believes is a signal that "management could be pivoting to offense, including elimination GE Capital," including the insurance business. * Sasol remains confident that the longer term EBITDA outlook for the LCCP remains robust. Sasol has recently shared an update on the Lake Charles Chemicals Project (LCCP), which is situated in Louisiana, USA. Sasol may, in this document, make certain statements that are not historical facts and relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. However, that type of momentum investing, without underlying value, is pure speculation,” said Edgerton. Benzinga does not provide investment advice. 18 0 obj <> endobj Buy). Furthermore, Sol-Gel is working in collaboration with Perrigo as the US manufacturer of generic labels of that company’s brand-name products. General Electric Co. said Wednesday that its board of directors will recommend shareholders approve a 1-for-8 reverse stock split, given the industrial conglomerate's "significant transformation" over the past several years. Like what you're reading? Movie theatre chain AMC Entertainment Holdings Inc. (NYSE: AMC) expects the rollout of COVID-19 vaccines in the U.S. and the blockbuster movie titles scheduled to be released in the coming months to boost sales this year, according to a report by Reuters. U.S. gasoline stocks dropped by 11.9 million barrels last week and distillates, which include diesel and heating oil, fell 5.5 million barrels, the Energy Information Administration said, sharper than analysts' expectations in a Reuters poll for a 3.5 million-barrel drop each. Fueled by abundant and low-priced Lower 48 natural gas and oil, Sasol Ltd. is in sight of completing a massive ethane cracker complex in Lake Charles, LA, by the end of the year. She cleaned up her credit over the past year so she could qualify for a mortgage and buy a home. Dogecoin Can Now Be Traded Without A Centralized Broker© 2021 Benzinga.com. (To watch Cooper’s track record, click here) A solid reputation in the field, and clear path forward are sure to attract positive sentiment – and three Wall Street analysts have put Buy ratings on Orasure, making the analyst consensus a Strong Buy. Q4 top-line revenues hit $62.9 million, for a 27% year-over-year gain. billion contract with the US State Department. “We believe the Fed will do everything they can to ensure orderly trading in US Treasuries and does not want to see the volatility and liquidity concerns that have occurred in the last week/over the course of the pandemic. GE also confirmed a deal to combine its aircraft leasing business, GECAS, with AerCap Holdings N.V. . Separately, GE said it expects 2021 adjusted earnings per share of 15 cents to 25 cents, compared with the FactSet consensus of 25 cents. endstream endobj 22 0 obj <>stream The British government is in constant contact with Gupta’s steel division, according to a person familiar with the matter, while a spokesperson for Australia’s Industry Minister Karen Andrews said the government was “monitoring the situation closely.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. Changes to the payment formula can affect how much your household receives this time. File early and electronically in the face of a massive backlog at the tax agency. Sol-Gel is a biopharma with an interesting niche, developing topical medications for the treatment of skin diseases. Examples of such forward-looking statements include, but are not limited to, the impact of the novel coronavirus (COVID-19) pandemic on Sasol's business, results of operations, financial condition and liquidity and statements regarding the effectiveness of any actions taken by Sasol to address or limit any impact of COVID-19 on its business; statements regarding exchange rate fluctuations, changing crude oil prices , volume growth, increases in market share, total shareholder return, executing our growth projects (including LCCP), oil and gas reserves, cost reductions, our climate change strategy and business performance outlook. This was driven by product and services revenues, which grew 28% to reach $60.4 million. The list of factors discussed therein is not exhaustive; when relying on forward-looking statements to make investment decisions, you should carefully consider both these factors and other uncertainties and events. %%EOF The question now is whether the market can stay hot as rates creep up.“The reasons why people are trying to buy homes right now go beyond mortgage rates,” said Danielle Hale, the chief economist at Realtor.com. No longer accepting applications. What Happened: According to a filing with the SEC, the new product is a debt instrument titled JPMorgan’s Cryptocurrency Exposure Basket (Mar 2021), which contains an “unequally weighted” basket of reference stocks that either own cryptocurrency or operate business linked to it. What Happened: “Our focus is no longer on survival, but now has turned instead to directing a surge in movie-going and on the recovery of AMC,” Reuters quoted AMC Chief Executive Adam Aron as saying during an earnings call on Wednesday. endstream endobj 19 0 obj <> endobj 20 0 obj <> endobj 21 0 obj <>stream By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. Still, buyers are going to have to get used to paying more for mortgages going forward.“It sure looks like the days of all-time low rates are behind us,” Speakman said. It is very important to do your own analysis before making any investment. DOGE Is Fun And Games: Joel Edgerton, chief operation officer of bitFlyer, a cryptocurrency exchange told Cointelegraph that DOGE is more for fun rather than solving real-life problems and its value remains unproven. "We would view that as a meaningful start to GE moving from a 'special situation' to a cleanly valued company," Pokrzywinski wrote. JOHANNESBURG, Dec. 2, 2020 /PRNewswire/ -- Sasol shareholders are referred to the Company's Stock Exchange News Service ("SENS") announcement dated 2 October 2020, containing details of the divestment of a 50% interest in Sasol's Base Chemicals business at Lake Charles to LyondellBasell ("Transaction"). The Strong Buy rating comes with a $23 price target, suggesting SLGL has room to grow an impressive 156% in the year ahead. The forecast total capital cost for the project has increased to … Sasol also had initially pitched a natural gas-to-liquids plant in Lake Charles that was scrapped. It’s been hard hit by multiple technical problem, news of which either never made it to executives, or … Dogecoin (CRYPTO: DOGE) will not find it easy to reach the $1 mark, even as the joke cryptocurrency attracts a celebrity fan following extending from Tesla Inc (NASDAQ: TSLA) CEO Elon Musk to Snoop Dogg. “Any asset can reach a certain price target if people are willing to pay for it. The project will roughly triple the company's chemical production capacity in the U.S. and enable it to build on its strong positions in robust and growing chemical markets. Some tax professionals say it’s time for Congress to delay tax day. Sasol is also pleased to announce the successful conclusion of discussions with our lenders regarding the covenant amendment for 31 December 2020, which is 4x net debt: earnings before interest, taxation, depreciation and amortisation (EBITDA). The government should be able to start delivering checks almost immediately once Congress finalizes the bill and Biden signs it. Among the fans is Raymond James analyst Elliot Wilbur who writes, "Given the large market opportunity in key pipeline products, coupled with recent acceptance of NDA submissions, we maintain our Strong Buy rating on SLGL shares, as we remain optimistic surrounding near-term growth prospects and financial positioning." Disclaimer: The opinions expressed in this article are solely those of the featured analysts. At the end of January, the company lost a bid to renew a $125 million contract it had held with Customs and Border Patrol since 2009 – but earlier that same month, PAE was awarded a $3.3. Chief Executive Officer, Fleetwood Grobler, Chief Financial Officer, Paul Victor, and Executive Vice President Sasol 2.0 Transformation Marius Brand will host the event via webcast link: https://www.corpcam.com/Sasol02122020. Overall our estimates are going higher, and we continue to view PAE as one of the more compelling opportunities in the Government IT Services space. Purchase activity has cooled some in recent weeks but is still on par with levels seen a year ago, before the pandemic, Freddie Mac said last week.In the Denver area, Carlos Gomez and his girlfriend, Angela Davies, were initially surprised to learn they could afford a $450,000 house and still stay within their monthly budget, thanks to rock-bottom borrowing costs.Now that rates are rising, they may be forced to look at a lower price point, where there are even fewer available properties, Gomez said.“It’s going to knock us out of the game,” said Gomez, adding they had already lost out on two houses to all-cash buyers.For Tammy White, a teacher in Sacramento, the timing couldn’t be worse. Lake Charles, which is 99% complete, continues to dog Sasol. Report this job; Posted by: Monique Latchison. * … “The beneficial operations of these LCCP facilities progresses Sasol’s seven-unit U.S. Gulf Coast mega project to the cusp of completion,” Sasol […] Price Action: AMC Entertainment shares closed almost 6.2% lower on Wednesday at $9.85. That compares with about 70% at the lower mortgage rate.Even bigger impacts would hit buyers in Denver and Sacramento, California, where the share of homes affordable on that budget would decline by 3.7 percentage points.For now, though, rising borrowing costs don’t appear to be driving a wholesale exodus from the market. However, AMC’s stock has been popular on social media amongst retail investors. Sasol remains confident that the longer term EBITDA outlook for the LCCP remains robust. Sasol previously guided the beneficial operation of the Ziegler and Guerbet units at the Lake Charles Chemicals Project (LCCP) by end June 2020 and is pleased to announce that the Ziegler unit achieved beneficial operation on 16 June 2020 and the Guerbet unit's beneficial operation is imminent. The problem, as The Wall Street Journal’s Richard Rubin reports, is that as of late February more than 45 million people have already filed their taxes for 2020. In a report this week, Redfin Corp. calculated that an increase in mortgage rates to 3.25% from 2.75% would mean that a borrower on a $2,500-a-month housing budget would lose $23,250 in purchasing power.At the higher rate, about 68% of homes would be affordable for the buyer across the U.S., according to Redfin’s analysis, which looked at homes for sale between Jan. 26 and Feb. 25. �\�l�n-hHk��]J���E9���W9�|b��o�u:�蘆�ӎ�IO#�V/�Jw�ʏ9��e�X��V�b�>˽��@W�c��s��s?���Y��.����ׄ���ͮ�W��>� This week saw Sasol’s joint CEOs, Bongani Nqwababa and Stephen Cornell agree to resign following a damning independent review as to why its US project has run so far over time and over budget. The Lake Charles base chemicals unit includes a 1.5-million-ton ethane cracker, 900,000-ton low and linear-low density polyethylene plants and associated infrastructure. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise. Shares are priced at $10.49, and the $18.67 average price target is even more bullish than Coopers, suggesting a 78% upside for the next 12 months. (See OSUR stock analysis on TipRanks) Sol-Gel Technologies (SLGL) Sticking to the medical field, we’ll switch focus to a clinical stage pharmaceutical company. 28 0 obj <>/Filter/FlateDecode/ID[]/Index[18 22]/Info 17 0 R/Length 73/Prev 130755/Root 19 0 R/Size 40/Type/XRef/W[1 3 1]>>stream Juni 2020 gewinnbringend arbeitet. Analyst Andrew Cooper, in his coverage on the stock for Raymond James, saw plenty to like, ticking off the factors by the numbers: “What we liked: 1) Almost every revenue result. About 90% of the company’s U.S. theatres are now open. Hailed by China as a symbol of "mutually beneficial cooperation", the pipeline has become a target for public anger over perceptions Beijing is backing the junta that seized power in a Feb. 1 coup. JPMorgan Chase & Co. (NYSE: JPM) is planning to launch a new product that will give investors exposure to cryptocurrency through eleven Bitcoin proxy stocks. The joke cryptocurrency needs $806,000 of new fiat plus existing inflow to maintain its value of nearly $0.056 at press time. Words such as "believe", "anticipate", "expect", "intend", "seek", "will", "plan", "could", "may", "endeavour", "target", "forecast" and "project" and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements. Unions have since raised concerns over the security of 35,000 jobs across Gupta’s sprawling empire that has operations in 30 countries.Debt StandstillThe first task for GFG and the advisers will be to secure a debt standstill on the $5 billion it owes Greensill and funds that bought its financial products, according to a person familiar with the matter. In addition, the company reported continued progress on its COVID-19 rapid antigen test, and plans to submit prescription self-tests and professional-grade tests for EUA (Emergency Use Authorization) by the FDA by the end of the first quarter.