logo
Three Chinese Firms Said in Next Bidding Round for Suez Assets

Three Chinese Firms Said in Next Bidding Round for Suez Assets

Bloomberg23-06-2025
Chinese state-owned firms Beijing Capital Group Co., China State Construction Engineering Corp. and Guangdong Holdings Ltd. are among bidders for Suez SA 's Chinese water infrastructure assets, according to people familiar with the situation.
The three companies have been shortlisted into a second round of bidding for the business, the people said, asking not to be identified because the information isn't public. Suez may seek a valuation of more than $2 billion for the Chinese assets, the people said. The company could also opt to sell only parts of the business or explore other ways to streamline it, some of the people said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Apple Inc. (AAPL): People Are Tired Of The Stock Buybacks, Says Jim Cramer
Apple Inc. (AAPL): People Are Tired Of The Stock Buybacks, Says Jim Cramer

Yahoo

timean hour ago

  • Yahoo

Apple Inc. (AAPL): People Are Tired Of The Stock Buybacks, Says Jim Cramer

We recently published . Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer recently discussed. Cramer continues to be one of Apple Inc. (NASDAQ:AAPL)'s strongest proponents even though the firm's shares have lost 12.6% year-to-date. The stock has struggled due to trade tensions between the US and China that have threatened to disrupt the supply chain, the firm's struggle to convince the market about its presence in the AI market, and concerns about slow iPhone sales. However, the CNBC host believes that Apple Inc. (NASDAQ:AAPL) will maintain its stature as long as the firm holds its high-end smartphone market share. This time around, he criticized Apple Inc. (NASDAQ:AAPL)'s stock buybacks and deemed them inadequate: '[On reports of Apple reportedly looking to rely on third party AI] Look at how the stock reacted. Because people are tired of Apple just saying, you know what we're gonna do, we're gonna buy back stock until we get something better. No. I mean that's not what you can do anymore. A wide view of an Apple store, showing the range of products the company offers. Cramer commented on Apple Inc. (NASDAQ:AAPL)'s woes in detail recently. Here is what he said: '. . .Apple, which cannot get out of its own way. And I think probably could go down to 25 times earnings. Which is a substantial decline. Apple's a share donor. It's a share donor. '[On why Apple stock should be bought] No I'm not going to because I think the multiple's too high. While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.

Better Artificial Intelligence Stock: Nvidia vs. Meta Platforms
Better Artificial Intelligence Stock: Nvidia vs. Meta Platforms

Yahoo

time2 hours ago

  • Yahoo

Better Artificial Intelligence Stock: Nvidia vs. Meta Platforms

Nvidia has become the go-to provider for chips to support AI, which has resulted in explosive sales and earnings growth for the tech giant. Meta is pouring billions of dollars into AI research and aims to be a leader in the field. 10 stocks we like better than Nvidia › Artificial intelligence (AI) stocks have proven to be big winners for investors lately -- particularly last year, when some leading players in the space delivered double- and even triple-digit percentage gains. Though these high-growth companies' share prices tumbled earlier this year due to concerns about President Donald Trump's tariff plans, investors have recently returned to this compelling story. Trump's trade talks and tentative agreements on the frameworks of deals with the U.K. and China have boosted optimism that his tariffs won't result in drastically higher costs for U.S. consumers or major earnings pressure on U.S. companies -- in contrast to the worst-case scenario that many had feared. As a result, investors feel more comfortable investing in companies that rely on a strong economic environment to thrive -- such as AI sector players. This means that many investors are once again asking themselves which AI players look like the best buys today. Nvidia (NASDAQ: NVDA) and Meta Platforms (NASDAQ: META) are both aiming to reshape the future with their aggressive AI plans. If you could only buy one, which would be the better AI bet now? Nvidia already has scored many AI victories. The company has built an empire of hardware and services that make it the go-to provider for any organization creating an AI platform or program. But the crown jewels of its portfolio are its graphics processing units (GPUs). It offers the top-performing parallel processors, and thanks to both its ecosystem and manufacturing lead, they're also by far the best-sellers in their class. With demand from cloud infrastructure giants and other tech sector players still outstripping supply, Nvidia has been growing its sales at double- and triple-digit percentage rates, and setting new revenue records quarter after quarter. In its fiscal 2025, which ended Jan. 26, Nvidia booked a 114% revenue gain to a record level of $130 billion. And the company isn't just growing its top line -- its net income surged by 145% to almost $73 billion as it continued to generate high levels of profitability on those sales. Nvidia's clients today rely heavily on its hardware to power their projects, as its GPUs are some of the best chips available for the training of large language models (LLMs), as well as for inferencing -- the technical term for when those trained models are used to process real data to solve actual problems or make predictions. And Nvidia is helping customers with so much more -- from the design of AI agents to the powering of autonomous vehicle systems and drug-discovery platforms. Nvidia also is innovating steadily to stay ahead of rivals. It recently shifted to an accelerated schedule that will have it releasing chips based on new and improved architectures every year; previously, it rolled out new architectures about once every two years. So this company is likely to keep playing a major role in the evolution of AI throughout its next chapters. You will know Meta best as an owner of social media apps, some of which you probably use every day -- its core "family of apps" includes Facebook, Messenger, WhatsApp, and Instagram. And the sales of advertising space across those platforms have provided billions of dollars in revenue and profits for the company. But today, Meta's big focus is on AI. The company has built its own LLM, Llama, and made it open source so that anyone can contribute to its development. The open-source model can result in the faster creation of a better-quality product -- and in this case, it could help Meta emerge as a leader in the field. The company has put its money where its mouth is: It plans as much as $72 billion in capital spending this year to boost its AI presence. And just recently, Meta has been hiring up a storm in its efforts to staff its newly launched Meta Superintelligence Labs. That business unit will work on foundation models like Llama as well as other AI research projects. In a memo to employees regarding the new AI unit, Meta CEO Mark Zuckerberg highlighted why it's well positioned to lead in AI development: "We have a strong business that supports building out significantly more compute than smaller labs. We have deeper experience building and growing products that reach billions of people," he said. Those points are true, and they could help Meta reach its goals -- and deliver big wins to investors over time. From a valuation perspective, you might choose Meta, as the stock is cheaper in relation to forward earnings estimates than Nvidia -- a condition that has generally been the case. But a closer look shows that while Nvidia's valuation is down since the start of the year, Meta's actually has climbed. With that in mind, Nvidia looks like a more appealing buying opportunity, especially considering the company's ongoing strong growth and its involvement in every area of AI development and application in real-world situations. Meta also could emerge as a major AI winner down the road, and the stock is still reasonably priced today in spite of its gains in valuation. But Nvidia remains the key player in this space -- and at today's valuation, it's the better buy. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $699,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $976,677!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Adria Cimino has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Meta Platforms and Nvidia. The Motley Fool has a disclosure policy. Better Artificial Intelligence Stock: Nvidia vs. Meta Platforms was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Lululemon's New Women's Products and Inventory Strategy Drive Optimism, Says TD Cowen
Lululemon's New Women's Products and Inventory Strategy Drive Optimism, Says TD Cowen

Yahoo

time2 hours ago

  • Yahoo

Lululemon's New Women's Products and Inventory Strategy Drive Optimism, Says TD Cowen

Lululemon Athletica Inc. (NASDAQ:LULU) ranks among the best cyclical stocks to buy now. On June 23, TD Cowen kept its buy rating and $321 price target on Lululemon Athletica Inc. (NASDAQ:LULU) despite several market worries around the athletic apparel retailer. Eric Broder Van Dyke/ Lululemon Athletica Inc. (NASDAQ:LULU) faced a number of difficulties, according to the firm, including declining traffic in the United States, slowing growth in China, rising tariffs on Vietnam, growing rivalry in the Americas, and concerns about the return on investment from increasing retail square footage. According to TD Cowen, Lululemon's management remains optimistic about the company's current inventory composition, markdown strategy, and impending women's product innovation pipeline for the fall and holiday seasons. Additionally, for fiscal year 2026, the company has stated that it is confident in its capacity to mitigate the effect of current tariffs on its operating margin. Lululemon Athletica Inc. (NASDAQ:LULU), a Canadian athleisure company founded in 1998, designs, develops, and distributes a variety of sportswear, accessories, and footwear. While we acknowledge the potential of LULU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store