Latest news with #HyundaiHeavyIndustries
Yahoo
03-07-2025
- Business
- Yahoo
BofA's momentum indicator lists top-ranked stocks globally
-- Bank of America (BofA) on Thursday highlighted global stocks that rank highest across earnings, price, and news momentum, based on its Triple Momentum Allocator. According to the report, stocks with strong triple momentum outperformed weaker peers by 1.3% in June, extending a six-month outperformance gap to nearly 6%. Among large-cap, high-liquidity stocks, top-ranked names in the U.S. include Howmet Aerospace Inc (NYSE:HWM) and Philip Morris (NYSE:PM). In Europe, Poalim and Engie SA (EPA:ENGIE) stood out, while in Japan, Disco (OTC:DSCSY) Corp (TYO:6146) and Mizuho Financial Group Inc (TYO:8411) were flagged. The Asia Pacific region, excluding Japan, saw Hyundai Heavy Industries (KS:009540) and HDFC Life Insurance (NSE:LIFI) lead the rankings. 'Triple Momentum is most positive for Hyundai Heavy Industries, Hansoh Pharma and BeOne Medicines,' the report stated, while among the most negatively ranked are Porsche, Target, and D.R. Horton. Notably, Broadcom (NASDAQ:AVGO), Netflix (NASDAQ:NFLX), and Mitsubishi UFJ (NYSE:MUFG) were also cited as globally important names based on their momentum scores. On a sector basis, the strongest momentum globally is currently observed in Telecom (BCBA:TECO2m), Media, and Insurance. By contrast, Energy, Semiconductors, and Materials lag behind. Regionally, Korea, Hong Kong, and China are seeing the highest average momentum ranks in Asia, led by China Health Care, China Insurance, and Korea Banks. The methodology combines earnings revisions, price performance over the past year, and sentiment analysis from over five billion global news events. Backtesting indicates that the top quintile of stocks by Triple Momentum outperformed the bottom quintile by 9.7% since 2004. BofA defines Triple Momentum as a combination of three signals: Earnings Momentum, based on the three-month change in consensus EPS estimates; Price Momentum, measured by the slope of a year-long price trend; and News Momentum, which reflects sentiment shifts from global news flow over the past 90 days. Related articles BofA's momentum indicator lists top-ranked stocks globally takes neutral stance on Genmab ahead of portfolio, execution updates Meta Platforms upgraded but Needham warns of capital waste and rising risks Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
GMA Network
12-06-2025
- Politics
- GMA Network
AFP launches offshore patrol vessel BRP Rajah Sulayman
The Armed Forces of the Philippines (AFP) on Thursday reaffirmed its dedication to national sovereignty and defense modernization as it launched the offshore patrol vessel BRP Rajah Sulayman (PS-20) in Ulsan, South Korea on Wednesday. In a statement, the AFP said the launching ceremony was attended by AFP chief General Romeo Brawner Jr. and Hyundai Heavy Industries (HHI) chief operating officer and senior executive vice president Joo Won Ho. The event showed the strong partnership between the Philippines and South Korea in enhancing maritime security and self-reliant defense capabilities, according to the AFP. Brawner, in his remarks, pointed out the strategic importance of the launch, especially its role in advancing the Philippines' maritime defense. 'The launch of Offshore Patrol Vessel No. 1, the BRP Rajah Sulayman, is not merely the unveiling of a new ship—it is a bold declaration of our commitment to maritime security and the defense of our sovereignty,' Brawner said. 'This vessel marks a new chapter for the Philippine Navy, reflecting our resolve to enhance our operational capabilities and extend our presence across our vast maritime domain,' he added. According to the AFP, its new asset was named after a fearless native leader, Rajah Sulayman, who stood firm against foreign conquest in pre-colonial times. The AFP said BRP Rajah Sulayman is a modern emblem of the Filipino people's resilience, courage, and unyielding spirit of independence. 'As the nation honors its past, the AFP remains steadfast in shaping a future where freedom is not only celebrated but vigilantly safeguarded,' the AFP said. —VAL, GMA Integrated News
GMA Network
05-06-2025
- Politics
- GMA Network
Philippines, US, hold joint maritime drills for seventh time
The Philippines and United States militaries have sailed together in the South China Sea for a seventh time to boost interoperability between the two sides, Manila's armed forces said on Thursday. The exercises, held on Wednesday in waters off the provinces of Occidental Mindoro and Zambales and away from contested features, included joint operations near shorelines as well as fire support. "The MCA (maritime cooperative activity) is a demonstration of both nations' resolve to deepen cooperation and enhance interoperability in line with international law," the Philippine armed forces said in a statement. The joint sail also showcased the Philippine vessel Miguel Malvar, a 118-meter guided missile frigate commissioned last month. It is one of two corvettes built by South Korea's Hyundai Heavy Industries under the Philippines' military modernization program. BRP Miguel Malvar (Photo: Armed Forces of the Philippines) Military engagements between the treaty allies have soared under President Ferdinand Marcos Jr., who has pivoted closer to Washington in response to China's growing presence in the South China Sea. China claims sovereignty over nearly all the South China Sea, including parts of the exclusive economic zones of Brunei, Indonesia, Malaysia, the Philippines and Vietnam. — Reuters
Arab News
05-06-2025
- General
- Arab News
Philippines, US hold joint maritime drills for seventh time
MANILA: The Philippines and United States militaries have sailed together in the South China Sea for a seventh time to boost interoperability between the two sides, Manila's armed forces said on Thursday. The exercises, held on Wednesday in waters off the provinces of Occidental Mindoro and Zambales and away from contested features, included joint operations near shorelines as well as fire support. 'The MCA (maritime cooperative activity) is a demonstration of both nations' resolve to deepen cooperation and enhance interoperability in line with international law,' the Philippine armed forces said in a statement. The joint sail also showcased the Philippine vessel Miguel Malvar, a 118-meter guided missile frigate commissioned last month. It is one of two corvettes built by South Korea's Hyundai Heavy Industries under the Philippines' military modernization program. Military engagements between the treaty allies have soared under President Ferdinand Marcos Jr., who has pivoted closer to Washington in response to China's growing presence in the South China Sea. China claims sovereignty over nearly all the South China Sea, including parts of the exclusive economic zones of Brunei, Indonesia, Malaysia, the Philippines and Vietnam.
Yahoo
05-06-2025
- General
- Yahoo
Philippines, U.S., hold joint maritime drills for seventh time
MANILA (Reuters) -The Philippines and United States militaries have sailed together in the South China Sea for a seventh time to boost interoperability between the two sides, Manila's armed forces said on Thursday. The exercises, held on Wednesday in waters off the provinces of Occidental Mindoro and Zambales and away from contested features, included joint operations near shorelines as well as fire support. "The MCA (maritime cooperative activity) is a demonstration of both nations' resolve to deepen cooperation and enhance interoperability in line with international law," the Philippine armed forces said in a statement. The joint sail also showcased the Philippine vessel Miguel Malvar, a 118-metre guided missile frigate commissioned last month. It is one of two corvettes built by South Korea's Hyundai Heavy Industries under the Philippines' military modernisation programme. Military engagements between the treaty allies have soared under President Ferdinand Marcos Jr., who has pivoted closer to Washington in response to China's growing presence in the South China Sea. China claims sovereignty over nearly all the South China Sea, including parts of the exclusive economic zones of Brunei, Indonesia, Malaysia, the Philippines and Vietnam.
