DBS Sticks to Its Buy Rating for BYD Co (BYDDF)
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BYD Co has an analyst consensus of Strong Buy, with a price target consensus of $22.89.
Based on BYD Co's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $170.36 billion and a net profit of $9.15 billion. In comparison, last year the company earned a revenue of $124.94 billion and had a net profit of $4.57 billion
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Globe and Mail
6 hours ago
- Globe and Mail
DBS Sticks to Its Buy Rating for BYD Co (BYDDF)
DBS analyst maintained a Buy rating on BYD Co today and set a price target of HK$164.00. The company's shares closed yesterday at $15.63. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. BYD Co has an analyst consensus of Strong Buy, with a price target consensus of $22.89. Based on BYD Co's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $170.36 billion and a net profit of $9.15 billion. In comparison, last year the company earned a revenue of $124.94 billion and had a net profit of $4.57 billion
Globe and Mail
9 hours ago
- Globe and Mail
Global economy on edge ahead of Trump's trade deal deadline
After U.S. President Donald Trump imposed hefty tariffs on dozens of countries in April, then announced a three-month pause, one of his top advisers made a bold prediction. 'We're going to run 90 deals in 90 days,' Peter Navarro, the president's trade adviser, told Fox Business Network. Trade partners would trip over one another to offer concessions to the U.S. in order to avoid the threatened 'reciprocal' tariffs. With the July 9 deadline only days away, the Trump administration has come up short. It has signed only three deals – two barebone trade pacts with Britain and Vietnam and a partial and temporary tariff truce with China. On Thursday, a frustrated Mr. Trump said he would start sending letters to countries that had failed to reach an agreement with the White House, dictating tariffs as high as 70 per cent that would come into force in August. The situation is combustible. If Mr. Trump proceeds with the unilateral imposition of punishing tariffs, major trading partners that have held off retaliation will likely hit back with their own counter-tariffs. That could escalate quickly, convulsing supply chains and disrupting the calm that has prevailed in financial markets since April. Mr. Trump has threatened to send tariff letters before without following through. And more deals could emerge before the July 9 deadline. Trade officials from the European Union, Japan, South Korea and other countries, including Canada, have all been in Washington looking for a breakthrough. Analysis: As some Asian countries strike deals with Trump, others brace for tariffs Still, the fact that Mr. Trump – who fancies himself the ultimate deal-maker – has had such trouble closing, highlights the limits of America's ability to force its protectionist vision on the rest of the world. Access to the world's largest consumer market is potent leverage in any trade discussion. But other countries have diverse interests and complex domestic politics that make large trade concessions difficult. And they have an incentive to rag the puck, hoping Mr. Trump backs down in the face of renewed market turmoil, domestic opposition or court challenges. 'Countries don't view these talks entirely as a math equation,' said Brian Clow, who was deputy chief of staff to former prime minister Justin Trudeau and who helped oversee Canada-U.S. relations. 'It's also about pride and sovereignty, and so countries are only willing to bend so much to this president.' Mr. Trump's wholesale attempt to re-engineer the global trading system kicked into high gear on April 2, which he dubbed 'Liberation Day.' Using executive powers outlined in the International Emergency Economic Powers Act, Mr. Trump imposed a baseline tariff of 10 per cent on all trading partners – excluding Canada, Mexico and China, which had already been hit with IEEPA tariffs, ostensibly to punish them for shortcomings on border security. He also unveiled 'reciprocal' tariffs on some 50 trading partners, ranging from 10 per cent on the United Kingdom to 49 per cent on Cambodia. (These tariffs are separate from the sectoral tariffs Mr. Trump has placed on steel, aluminum and automobiles using Sec. 232 of the Trade Expansion Act). The verdict on 'Liberation Day' was swift and damning. Stock markets plunged and the U.S. dollar tumbled. There was a sharp sell-off in U.S. Treasuries alongside worrying signs of dysfunction in the world's most important bond market. After a week, Mr. Trump relented and announced the three-month pause, citing the 'yippy' bond market as a reason he reversed course. That set in motion the three-month sprint to get deals done. Britain reached an agreement first, which lowered levies on British car exports under a 100,000-vehicle quota and established duty-free quotas for beef, but left a 10 per cent baseline tariff in place. That was followed by an agreement with China that walked back the triple-digit tariffs both countries had placed one another in a mutually destructive show of brinksmanship. The truce is only six-months long and leaves the U.S. effective tariff rate on Chinese goods above 30 per cent. Then this week, the White House announced an agreement with Vietnam, that puts a 20 per cent tariff on Vietnamese goods (which is lower than the 40 per cent Mr. Trump had threatened), as well as a 40 per cent tariff on products that are deemed to have originated in China and been shipped to the U.S. via Vietnam. The booming Southeast is Trump's secret trade-war weapon Other deals are in the works. Negotiators from Japan, South Korea and the European Union have been meeting with Mr. Trump's trade team, led by Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer. But leaders in Tokyo, Seoul and Brussels have all indicated in recent days that the negotiating teams remain far apart and deals by July 9 are unlikely. 'The bottom line is that the Trump administration wants a fundamentally unbalanced deal,' said Jacob Funk Kirkegaard, a senior fellow at the Brussels-based think tank Bruegel. 'They want something like what they got with the U.K., what they appear to have gotten with Vietnam. But that doesn't work with, an economy that is roughly the size of the U.S. itself,' he said, referring to the EU. Ottawa is also trying to secure a deal with Washington but is working toward a self-imposed July 21 deadline. Canada wasn't hit with 'reciprocal' tariffs, but is facing sectoral tariffs on steel, aluminum and automobiles as well as levies on goods that don't comply with continental free trade agreement's rules of origin. While many countries appear to be earnestly engaging with the U.S., there are reasons to slow-walk negotiations. In May, the United States Court of International Trade ruled that Mr. Trump's use of IEEPA to impose tariffs was illegal, calling into question the basis of Mr. Trump's 'reciprocal' tariff plan. That ruling has been stayed until an appeal can be heard by a higher court, but it may be giving trade negotiators from other countries pause. There are also already more U.S. sectoral tariffs in the pipeline, with investigations currently under way into pharmaceuticals, lumber, semiconductors and copper that could result in Sec. 232 tariffs like those on steel, aluminum and automobiles. That means foreign negotiators don't have a clear picture of what other tariffs they may ultimately face when they're offering concessions. 'This type of exercise or negotiation is facilitated when both sides are putting chips on the table,' said Jeffrey Schott, a senior fellow at the Peterson Institute for International Economics and a former U.S. trade negotiator. 'But in many respects the United States is just making demands and saying we will limit the protection we impose against you if meet our demands. That's a tough negotiating position.' So far, financial markets have taken this trade uncertainty in stride. Equity markets have rebounded from the post-'Liberation Day' slump and hit record highs in recent days. Volatility remains low in bond and currency markets. Robin Brooks, senior fellow at the Brookings Institution and a former chief FX strategist at Goldman Sachs, said that markets are responding positively to the trade détente between the U.S. and China, as well as the better-than-expected U.S. economic data that suggests earlier recession calls were overly pessimistic. As long as China and the U.S. don't resume their hot trade war, markets may shrug off a breakdown in trade discussions between the U.S. and the EU or Japan, Mr. Brooks said. But they likely won't be so sanguine if the failure to hit the July 9 deadline causes another round of erratic flip-flops from Mr. Trump. 'The dollar didn't fall because of tariffs. It fell because of this back-and-forth which in markets created a perception of chaos,' Mr. Brooks said of the market meltdown in April. 'If you're trying to put a finger on what could cause markets to fall out of bed, then it's more stuff like that, more back and forth.'
Globe and Mail
9 hours ago
- Globe and Mail
Aircraft Arresting System Market Worth USD 1.84 Billion by 2030 with Growth Driven by Increased Military Airbase Deployments
"Aircraft Arresting System Market" Mordor Intelligence has published a new report on the Aircraft Arresting System Market offering a comprehensive analysis of trends, growth drivers, and future projections. Introduction According to a 2025 report on the Aircraft Arresting System Market by Mordor Intelligence, the market is estimated at USD 1.33 billion in 2025 and projected to reach USD 1.84 billion by 2030, growing at a CAGR of 6.67% during the forecast period. The aircraft arresting system market plays a critical role in aviation safety, ensuring rapid deceleration of aircraft during emergency landings or routine operations on military and commercial runways Key Trends in the Aircraft Arresting System Market Increased Military Airbase Deployments Global expansion of military airbases is driving demand for reliable aircraft arresting systems. Countries are investing in new bases and upgrading existing runways to ensure safe operations for advanced fighter aircraft, leading to consistent market growth. Modernization and Retrofitting of Existing Systems Many air forces are retrofitting old arresting systems with modern cable-based systems and advanced net barriers to support newer, heavier aircraft. This trend ensures continued operational readiness without the need for complete infrastructure overhaul. Growth in Naval Aviation Arresting Systems Rising procurement of aircraft carriers by countries like the United States, China, and India is increasing demand for carrier-based arresting systems. These systems are specifically engineered to withstand high-force landings on short carrier decks. Adoption of Engineered Material Arresting Systems (EMAS) in Civil Airports Commercial airports are installing EMAS to prevent runway overruns, aligning with stricter international safety regulations. This is especially prevalent in North America and Europe, enhancing overall airport safety. Focus on Safety Compliance and Performance Standards Aviation safety authorities are implementing stringent guidelines for arresting systems, prompting manufacturers to innovate and upgrade products for higher energy absorption, better durability, and safer deceleration. Market Segmentation By Platform Sea-based Aircraft Arresting Systems Sea-based systems used primarily on aircraft carriers, are designed to halt high-speed landings on short decks at sea. According to the Mordor Intelligence report, this platform is the fastest-growing segment, with an anticipated Compound Annual Growth Rate (CAGR) of through 2030. Land-based Aircraft Arresting Systems Land-based arresting systems, installed at military airports and increasingly at commercial airports, currently hold the majority share of the market. In 2024, this platform captured approximately 64.55% of total market revenue. By Technology Type Cable and Reel Cable and Reel systems remain the largest segment by revenue, holding around of the market in 2024. These are the traditional arresting gear used on military airbases and carriers, where a tailhook on the aircraft catches a cable. Engineered Material Arresting System (EMAS) EMAS is growing rapidly, with a projected CAGR. It consists of crushable materials (like cellular concrete blocks) laid at runway ends to stop overrunning aircraft by absorbing energy as the wheels sink into them. By End User Military Airbase Military airbases represented approximately % of the total aircraft arresting system market in segment includes permanent, expeditionary, and overrun arresting gear such as hook‑cable systems and net barriers deployed at military airfields. These installations are critical for fighter and trainer aircraft operations, particularly during short‑runway landings, aborted take-offs, or emergency situations. The demand reflects ongoing investments in fifth-generation fighter fleets and agile combat employment, where reliable stopping mechanisms are essential for mission readiness. Aircraft Carrier Aircraft carriers constitute the fastest-growing end-user within the market, with a growth rate of % CAGR projected through 2030. Naval aviation demands high-performance arresting gear installed aboard carriers to manage energy absorption in short deck environments under maritime conditions. By Component Energy Absorber Energy absorbers held the largest share among components, accounting for approximately 37.29 % of the market in 2024. These components are vital for dissipating the kinetic energy of landing or aborting aircraft. They include hydraulic cylinders, rotary-friction units, and crushable materials (in EMAS), depending on the system type. Hook and Cable Hook-and-cable assemblies are the core mechanical interface in cable-based arresting systems. This component includes the steel cables stretched across a runway or carrier deck and the aircraft's tailhook assembly. With cable-based systems representing about % of technology-type revenue, hook-and-cable components are essential for reliable aircraft stopping operations As modern carriers and airbases upgrade to support new fighter fleets, demand for durable, high-strength hook-and-cable units continues to rise. By Geography North America North America remains the largest market for aircraft arresting systems, driven by extensive military infrastructure and commercial airport safety initiatives. The region accounted for around 35.07% of market revenue in 2024. Europe Europe holds a significant market share, supported by active airbase upgrades across NATO countries and increasing EMAS installations at busy airports to enhance safety. Countries such as the United Kingdom, France, and Germany are investing in next generation arresting systems to support advanced fighter aircraft. Key Players General Atomics A leading aerospace and defense company specializing in advanced cable-based arresting gear and cutting-edge electromagnetic arresting systems. Their offerings support both military airbases and naval carriers, reflecting their strong presence in high-performance defense applications. Safran SA A major player in aerospace systems, Safran provides a full portfolio of arresting solutions, ranging from hydraulic and rotary‑friction energy absorbers to net barrier systems. They serve both civil airports and military platforms, leveraging their international manufacturing and support networks. Sojitz Aerospace Corporation This company brings expertise in aircraft arresting solutions, particularly in Asia-Pacific markets. They work closely with regional defense and civil aviation authorities to supply and maintain arresting systems, supported by strong logistical capabilities in the region. Conclusion The aircraft arresting system market is poised for steady growth through 2030, supported by a combination of defense modernization programs, increased military airbase deployments, and enhanced runway safety requirements in commercial aviation. Military airbases remain the largest end user due to the constant need for reliable arresting systems to ensure operational readiness and pilot safety during training and combat operations. Industry Related Reports Firefighting Aircraft Market: The Firefighting Aircraft Market report segments the industry by aircraft type (rotorcraft and fixed-wing), maximum take-off weight (below 50,000 kg and above 50,000 kg), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). It provides market sizes and forecasts for each of these segments in terms of value (USD). Hybrid Aircraft Market: The Hybrid Aircraft Market report segments the market by aircraft type (regional transport aircraft, business jets and light aircraft, and others), mode of operation (piloted and autonomous), lift technology (conventional take-off and landing, and others), propulsion architecture (series hybrid, parallel hybrid, and turbo-electric), and geography (North America, Europe, and others). The market forecasts are presented in terms of value (USD). Aircraft Carrier Ship Market: The Aircraft Carrier Ship Market report segments the industry by type (amphibious assault ship, helicopter carrier, fleet carrier), technology (conventional powered, nuclear powered), configuration (catapult-assisted take-off barrier arrested-recovery (CATOBAR), short take-off but arrested recovery (STOBAR), short take-off but vertical recovery (STOVL)), and geography (North America, Europe, Asia-Pacific, and the rest of the world). About Mordor Intelligence: Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals. With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics. For any inquiries or to access the full report, please contact: media@
