Asian Stocks Rise, U.S. Futures Flat as Markets Weigh Latest Tariff Developments
Trump started sending letters to those countries that haven't as yet agreed deals with the U.S. and announced increased tariffs on goods from Japan and Malaysia to 25% from the 24% set in April, while setting 30% tariffs on South Africa from Aug. 1.
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38 minutes ago
- Yahoo
Investors Met With Slowing Returns on Capital At Central Asia Metals (LON:CAML)
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Having said that, from a first glance at Central Asia Metals (LON:CAML) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. To calculate this metric for Central Asia Metals, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.17 = US$69m ÷ (US$440m - US$28m) (Based on the trailing twelve months to December 2024). Therefore, Central Asia Metals has an ROCE of 17%. In absolute terms, that's a satisfactory return, but compared to the Metals and Mining industry average of 11% it's much better. View our latest analysis for Central Asia Metals In the above chart we have measured Central Asia Metals' prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering Central Asia Metals for free. There hasn't been much to report for Central Asia Metals' returns and its level of capital employed because both metrics have been steady for the past five years. This tells us the company isn't reinvesting in itself, so it's plausible that it's past the growth phase. With that in mind, unless investment picks up again in the future, we wouldn't expect Central Asia Metals to be a multi-bagger going forward. That probably explains why Central Asia Metals has been paying out 87% of its earnings as dividends to shareholders. If the company is in fact lacking growth opportunities, that's one of the viable alternatives for the money. In summary, Central Asia Metals isn't compounding its earnings but is generating stable returns on the same amount of capital employed. And with the stock having returned a mere 39% in the last five years to shareholders, you could argue that they're aware of these lackluster trends. So if you're looking for a multi-bagger, the underlying trends indicate you may have better chances elsewhere. If you want to know some of the risks facing Central Asia Metals we've found 2 warning signs (1 is significant!) that you should be aware of before investing here. While Central Asia Metals isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Bloomberg
43 minutes ago
- Bloomberg
JPMorgan Says Korean Stock Gauge May Near 5,000 Over Two Years
South Korea's equity benchmark may rise more than 50% from its current level over a two-year period should corporate governance reforms gain momentum, according to JPMorgan Chase & Co. Korea remains a key overweight market in Asia and among emerging markets, strategists led by Mixo Das wrote in a note on Friday. The Kospi Index, which has gained 32% so far this year to near a record high, could reach around 5,000, they said. That compares with Friday's close of around 3,176.
Yahoo
an hour ago
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Asia Morning Briefing: BTC Smashes Through All-Time High With No Sell Pressure on the Horizon
Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook trading day is starting with a bang as bitcoin (BTC) breached its all-time high during the U.S. trading day, and is currently changing hands above $115,300, according to CoinDesk market data. Bitcoin has experienced its share of rallies before, but on-chain data indicates that this time, things are different. Usually, when BTC has a rapid price appreciation, selling pressure increases accordingly. A new CryptoQuant report, however, shows that its HODLing season. 'Bitcoin selling pressure remains low despite the price reaching a fresh all-time high of $112.2K yesterday,' the firm wrote, adding that 'a declining amount of Bitcoin flowing into exchanges indicates less selling pressure from new capital flows.' BTC exchange inflows have dropped to just 18,000 BTC per day, the lowest level since April 2015. That lack of sell pressure isn't just limited to retail-sized wallets. The report shows that large holders, wallets sending 100 or more BTC, have also pulled back sharply. 'The daily amount of Bitcoin sent to exchanges in batches of 100 or more BTC has declined from 62K Bitcoin on November 26, 2024, to 7K BTC today,' CryptoQuant wrote. Other major tokens show a similar trend. Ethereum (ETH) inflows are down from 1.57 million ETH in February to just 584,000, a drop that coincided with an 87% rally since April. Meanwhile, XRP whales have 'remained on the sidelines,' with daily inflows falling 85% from 1.1 billion XRP in February to 169 million today. Even smaller altcoins reflect the same behavior. Daily altcoin inflow transactions, a proxy for broad retail activity, are just 21,000, compared to 120,000 during market tops in March and December 2024. The report notes this reinforces 'the prevailing low-pressure environment.' For now, the data shows this is not a typical top. It's a breakout with no rush to exit. HODLing season. Bitcoin (BTC) is now the sixth most valuable asset in the world, trading at $115,595 with a market capitalization of $2.298 trillion, having overtaken Alphabet (Google) and inching closer to Amazon at $2.359 trillion. This milestone marks a return to territory BTC briefly held in May, when it surpassed Amazon with a $2.16 trillion valuation after rallying to a then-record high of $109,400. Though the market briefly consolidated lower, recent strength, driven by macro tailwinds and institutional demand, has pushed bitcoin even higher, rewriting the leaderboard once again. One key driver behind this resurgence: spot bitcoin ETFs. After net outflows in February and March totaling over $4.3 billion, the market has rebounded strongly. May saw $5.23 billion in net inflows, followed by $4.6 billion in June and $1.18 billion so far in July. Cumulative net inflows now exceed $50 billion, according to SoSoValue. With total ETF net assets approaching $140 billion, this institutional presence is no longer just a narrative, it's reshaping market structure. The next psychological milestone? A clean flip of Amazon and a potential march toward Apple ($3.17T) and Microsoft ($3.72T). BTC: Bitcoin surged past $116,000 on Thursday, setting a new all-time high and nearly doubling over the past year, while triggering $950 million in short liquidations, the largest single-day wipeout of bearish bets in 2025, according to CoinGlass. ETH: Ethereum's ETH surged to nearly $3,000, its highest in over four months, as strong ETF inflows, growing adoption in tokenization and corporate treasuries, with shifting market sentiment fueling a strong rally. Gold: Gold is down about 4% from its June 13 high of $3,432.56, recently trading around $3,294.71, marking a modest pullback that some investors see as a buying opportunity amid forecasts that the metal could climb to $4,000 sooner than expected. Nikkei 225: Asia-Pacific markets traded mixed Friday after President Trump announced 35% tariffs on Canada and signaled plans for broad 15–20% tariffs on most U.S. trade partners. S&P 500: U.S. stocks closed at fresh record highs Thursday as Nvidia edged up and bitcoin surged, with the S&P 500 hitting 6,280.46 and the Nasdaq logging a second consecutive all-time high despite renewed tariff threats from President Trump. Former Bitfury Exec Gould Confirmed to Take Over U.S. Banking Agency OCC (CoinDesk) Securities On-Chain? There's Only One True Way, Says BlackRock-Backed Firm's CEO (Decrypt) MARA Holdings Names Ex-Blue River Exec as CPO to Lead Productization of Energy Tech (CoinDesk) Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
