Ultime notizie per XPeng (NYSE:XPEV) Azioni

XPeng

Founded in 2015, XPeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets EVs in China. Its products primarily target the growing base of technology-savvy middle-class consumers in the midrange to high-end segment in China's passenger vehicle market. The company sold over 141,000 EVs in 2023, accounting for about 2% of China's passenger new energy vehicle market. It is also a leader in autonomous driving technology.

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XPEV

La Mona M03 di XPeng sta conquistando il mercato con tantissimi ordini, influenzando positivamente il prezzo delle azioni del produttore.

Questa auto elettrica è molto popolare e spinge in alto il titolo

XPeng Inc. American depositary shares, each representing two Class A ordinary shares

XPeng Inc

Analyst Ratings

Trading Ideas

Live On CNBC, Sarat Sethi Announces Sold General Motors Company

Gabriella Lindsay and her family left the United States in 2016 to save money and live the beach life. Now every day feels like an adventure and <a href="https://www.benzinga.com/general/travel/23/04/31921528/ai-vacation-site-can-put-a-travel-agent-in-everyones-pocket-could-it-disrupt-the-travel-industry">experiences have become their priority</a>.
A Life Of Adventure:&nbsp;The Lindsay family moved from Chicago to Mexico before ultimately ending up in Antigua, an island in the Caribbean. They enjoy the cost savings and the &#8220;slower pace&#8221; of island life and they are much more focused on their&nbsp;<a href="https://www.benzinga.com/news/23/02/30950109/warren-buffett-theres-only-1-measure-of-success-without-it-life-is-a-disaster">passions and family</a>, according to<a href="https://www.cnbc.com/2021/09/28/this-family-left-the-us-for-the-beach-life-and-to-save-money-heres-what-they-do-and-spend-in-a-week.html#Echobox=1681334415">&nbsp;CNBC</a>.
Lindsay tends to wake up before the sun rises and head down to the beach to start her day with a jog.
&#8220;I love the cool island breeze and watching the sunrise,&#8221; she said.
When she returns home to her husband and three kids, they start most days with a simple breakfast before taking the kids to school.
They only spend about $150 a week on groceries and $600 per month on tuition. While the kids are at school, Lindsay works from about 9 a.m. to 1 p.m. as a&nbsp;<a href="https://www.benzinga.com/news/23/03/31445243/4-brain-hacks-to-supercharge-your-success">business coach</a>&nbsp;and her husband teaches at the local university.
&#8220;Since we're saving&nbsp;so much money&nbsp;here compared to the U.S., we've been able to hire housekeepers — about $45 per week — to help with some deep-cleaning around the house,&#8221; she said.
They also save money on laundry by drying their clothes outside — an advantage to having nice weather year around.
Check This Out:&nbsp;<a href="https://www.benzinga.com/news/23/04/31868430/from-lineman-to-laundromat-millionaire-how-craigslist-and-clothes-cleaning-changed-this-mans-life">From Lineman To &#8216;Laundromat Millionaire&#8217;: How Craigslist And Clothes Cleaning Changed This Man&#8217;s Life&nbsp;</a>
On the weekends, they often go to one of the local beaches. Sometimes they will stop by fruit stands to get fresh fruit or juices, or even go hiking.
&#8220;With more trails than I can count, Antigua is the perfect place for people who love the outdoors,&#8221; Lindsay said.
Beyond hiking and beach time, the family also likes to scuba dive and attend movies and live concerts. Their new life is much different than what they experienced in Chicago where they had hour-and-a-half commutes to work and always felt busy.
&#8220;Living on an island makes every day feel like an adventure,&#8221; Lindsay said.
&#8220;We wanted a simpler life full of new experiences where we could prioritize making memories — and by moving abroad, we got just that!&#8221;
Photo:&nbsp;<a href="https://www.flickr.com/photos/scaturchio/">scatchurio</a> from Flickr.
This story is part of a new series of features on the subject of success,&nbsp;<a href="https://www.benzinga.com/topic/benzinga-inspire">Benzinga Inspire.</a> Some elements of this story were previously reported by Benzinga and it has been updated.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/news/23/04/31898612/orphan-living-in-house-without-running-water-or-electricity-becomes-real-estate-millionaire">Orphan Living In House Without Running Water Or Electricity Becomes Real Estate Millionaire</a></li>
</ul>
Image via Flickr/ scaturchio

Travel

Success Stories

General

Trading City Life For 'Cool Island Breeze' In Paradise Can Actually Help You Save Money

Federal Reserve

Fed's Bostic Says He Is Open To Another Half-Percentage-Point Rate Cut If Labor Market Shows Unexpected Weakness; Says Baseline Case Is For An 'Orderly' Easing With Inflation Expected To Continue Slowing And Job Market To Hold Up; He Does Not Want To Get Overconfident On Inflation Given Core Personal Consumption Expenditures Price Index Remains 2.7%; Will Be Watching Upcoming Jobs Data Closely; If Employment Growth Slows Much Below 100,000 Jobs, It Would Warrant Closer Questioning Of What Is Happening

Morgan Stanley analyst Manan Gosalia maintains Cullen/Frost Bankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFR#NYSE">CFR</a>) with a Underweight and lowers the price target from $121 to $117.

Price Target

Morgan Stanley Maintains Underweight on Cullen/Frost Bankers, Lowers Price Target to $117

Cantor Fitzgerald analyst Deepak Mathivanan reiterates Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) with a Neutral and maintains $13 price target.

Reiteration

LYFT

Cantor Fitzgerald Reiterates Neutral on Lyft, Maintains $13 Price Target

WIIM

GANX

Gain Therapeutics shares are trading lower. The company announced the presentation of a late-breaking abstract at the International Congress of Parkinson's Disease and Movement Disorders.

Morgan Stanley analyst Manan Gosalia maintains Comerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) with a Equal-Weight and raises the price target from $61 to $63.

Morgan Stanley Maintains Equal-Weight on Comerica, Raises Price Target to $63

Zhongchao Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCMD#NASDAQ">ZCMD</a>) shares are trading higher Monday as investors pile into China-based stocks following additional stimulus measures <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41032804/chinas-stimulus-sparks-optimism-3-large-cap-stocks-with-analyst-buy-ratings">announced over the weekend</a>.
The Details:
U.S.-traded Chinese <a href="https://www.benzinga.com/news/mid-cap/24/09/41082574/chinese-stocks-dominate-mid-cap-space-bilibili-and-xpeng-are-among-top-7-mid-cap-gainers-last-week-s">stocks </a>are rallying Monday as investors digest the new stimulus measures and large gains in China's markets. Stocks in China&#8217;s markets posted their largest single-day gains in 16 years on Monday on the back of the stimulus measures and ahead of a week-long market holiday beginning Tuesday.
Last week, China's central bank announced an intense package of stimulus measures including lower interest rates and additional liquidity for its banking system. The country then announced additional measures including lower mortgage rates and looser real estate purchase restrictions over the weekend.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41071876/mojo-is-back-at-tesla-says-tech-analyst-dan-ives-ahead-of-q3-deliveries">Tesla &#8216;Mojo Is Back,&#8217; Tech Analyst Dan Ives Says Ahead Of Q3 Deliveries</a>
According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, more than 30 million Zhongchao shares have already changed hands in the session. The stock has a float of only 1.546 million shares.&nbsp;
<h3 class="wp-block-heading">How To Buy ZCMD Stock:</h3>
By now you're likely curious about how to participate in the market for Zhonchao &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. 
In the the case of Zhongchao, which is trading at $2.14 as of publishing time, $100 would buy you 44.05 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
ZCMD Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Zhongchao shares are up 56.1% at $2.10 at the time of publication Monday.
Read Also:
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<li><a href="https://www.benzinga.com/news/24/09/41070564/amazon-prime-day-data-insights-before-october-event-apple-purchases-up-22-celsius-tops-grocery-categ">Amazon Prime Day Data Insights Before October Event: Apple Purchases Up 22%, Celsius Tops Grocery Category</a></li>
</ul>
Image: Gerd Altmann from Pixabay

ZCMD

What's Going On With Zhongchao Stock Today?

Morgan Stanley analyst Manan Gosalia maintains Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>) with a Equal-Weight and raises the price target from $47 to $51.

FITB

Morgan Stanley Maintains Equal-Weight on Fifth Third Bancorp, Raises Price Target to $51

As Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) prices dropped below $64,000 in Monday trading, veteran crypto analyst DonAlt sees potential for a significant breakout but urges traders <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41083834/bitcoin-ethereum-flat-dogecoin-falls-ahead-of-fed-chair-jerome-powells-speech-price-target">to remain cautious</a>.
What Happened: In the latest podcast update, DonAlt highlighted the importance of Monday&#8217;s monthly close, noting it could be &#8220;the 18th close above $65,000 or above $58,000 rather.&#8221; He sees the $64,000-$65,000 area as a key resistance level to watch.
Referring to Bitcoin&#8217;s recent consolidation around the $58,000-$65,000 range, he said, &#8220;I think there's a very high chance and much higher than breaking it, that that we&#8217;re just going to go up from here.&#8221; However, he warned that if Bitcoin fails to break higher, it could signal &#8220;another lengthier bear market.&#8221;
On shorter timeframes, DonAlt <a href="https://www.youtube.com/watch?v=eN0uF64mX_8">identified</a> the recent daily engulfing candle as a potential short-term support, with its low around $62,600 serving as a "decent line in the sand for directional bias.&#8221; For deeper pullbacks, he views the $61,600 level as significant support.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41094076/bitcoin-up-8-in-september-what-traders-and-analysts-expect-for-best-performing-q4">Bitcoin Up 8% In September: What Traders And Analysts Expect For &#8216;Best-Performing&#8217; Q4</a>
Why It Matters: While optimistic, DonAlt cautioned against overly aggressive trading at current levels. 
Ultimately, DonAlt believes the market is poised for a move higher but emphasized the importance of risk management. "I'm betting on up but it's going to look so obvious that this was bearish if it breaks down and the opposite is true if it breaks up," he concluded.
Price Action: In the past 24 hours, BTC is trading 3.2% down to $63,600.
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41079353/bitcoin-bull-arthur-hayes-predicts-volatility-supercycle">Bitcoin Bull Arthur Hayes Predicts &#8216;Volatility Supercycle&#8217;</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

Bitcoin Back Below $64K: Watch This 'Line In The Sand' For Directional Bias, Says Veteran Trader

Biotech

Reported Earlier: Gain Therapeutics Presents Phase 1 Data At Parkinson's Congress Showing GT-02287 Increases GCase Activity And Demonstrates CNS Exposure In Healthy Volunteers

Morgan Stanley analyst Manan Gosalia maintains East West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) with a Overweight and raises the price target from $103 to $106.

EWBC

Morgan Stanley Maintains Overweight on East West Bancorp, Raises Price Target to $106

Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) shares are trading higher by 15.0% to $106.29 over the trailing week, driven by investor enthusiasm over the latest <a href="https://www.benzinga.com/markets/asia/24/09/41011343/tech-stocks-rise-materials-sector-rallies-on-chinas-stimulus-nvidia-surges-whats-driving-markets-tue">economic stimulus</a> measures implemented by the People's Bank of China (PBoC) and a surprisingly strong Purchasing Managers' Index (PMI) report.
The rally comes as investors look forward to how China's economic policies could fuel growth for major tech companies like Baidu, which has been at the forefront of China&#8217;s AI revolution.
What Happened: The PBoC unveiled aggressive monetary easing measures in response to growing concerns about the slowing Chinese economy, including a 50-basis-point cut to the reserve requirement ratio (RRR) for commercial banks, which effectively released 1 trillion yuan ($140 billion) into the banking system. 
This is expected to boost liquidity and promote lending, which is especially crucial for large-cap companies like Baidu, given its strategic position in China&#8217;s tech sector. In addition, the PBoC also slashed the seven-day repo rate by 20 basis points to 1.5%, signaling that Chinese policymakers are committed to stabilizing the economic slowdown.
Read Also: <a href="https://www.benzinga.com/news/24/09/41085958/fed-chair-jerome-powell-set-to-speak-as-economists-raise-concerns-over-risks-arising-from-potential">Fed Chair Jerome Powell Set To Speak As Economists Raise Concerns Over Risks Arising From Potential Policy Missteps And 2024 Election</a>
The central bank's policy shift, which occurred alongside reports that China plans to issue up to $284 billion in sovereign debt for additional stimulus, has raised hopes that broader fiscal support is on the horizon. 
For Baidu, these developments offer a favorable backdrop, as the company&#8217;s revenue streams from its core AI, cloud services, and autonomous driving sectors could benefit from an uptick in economic activity fueled by increased liquidity.
What Else: Baidu's dominant position in China's AI landscape has made it a key beneficiary of government policies focused on digital innovation. The company's Apollo platform, which leads China's autonomous vehicle technology, and its AI-driven cloud computing division, both stand to gain from the increased lending capabilities of commercial banks. 
The rally in Baidu's stock was further supported by positive economic data. China's official PMI for September beat expectations, registering at 50.2, up from August's reading of 49.7, signaling an expansion in manufacturing activity, despite continued declines in factory output. 
This stronger-than-anticipated PMI raised hopes that the worst of China's economic struggles may be abating, even as factory output contracted for the fourth consecutive month. Investors are interpreting this data as an early indicator that recent stimulus efforts could be gaining traction, heightening expectations for further fiscal measures from Beijing.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/09/41096388/hurricane-helene-102-dead-2-million-without-power-after-storm-destruction-in-6-states">Hurricane Helene: 102 Dead, 2 Million Without Power After Storm Destruction In 6 States</a>
<h2 class="wp-block-heading">How To Buy BIDU Stock</h2>
By now you're likely curious about how to participate in the market for Baidu &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. 
In the the case of Baidu, which is trading at $108.55 as of publishing time, $100 would buy you 0.92 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, BIDU has a 52-week high of $135.81 and a 52-week low of $79.69.

BIDU

Why Baidu Stock Is Rising Today

U.S. stocks traded mixed midway through trading, with the Dow Jones index falling more than 200 points during on Monday.
The Dow traded down 0.55% to 42,079.06 while the NASDAQ rose 0.14% to 18,144.66. The S&amp;P 500 also fell, dropping, 0.14% to 5,730.18.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/09/41091653/how-to-earn-500-a-month-from-mccormick-stock-ahead-of-q3-earnings">How To Earn $500 A Month From McCormick Stock Ahead Of Q3 Earnings</a>
Leading and Lagging Sectors Consumer staples shares jumped by 0.3% on Monday.
In trading on Monday, materials shares fell by 0.6%.
Top Headline
The Chicago PMI rose to 46.6 in September from 46.1 in August versus market estimates of 46.2
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares shot up 11% to $7.24 after investors agreed to invest an aggregate of 3.3 billion yuan in its Nio China subsidiary while the company agreed to invest 10 billion yuan.</li>
<li>Shares of Prime Medicine, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRME#NASDAQ">PRME</a>) got a boost, surging 23% to $4.26 after the company announced a strategic research collaboration and license agreement with Bristol Myers Squibb to develop reagents for the next generation of ex vivo T-cell therapies. Also, it announced that it is focusing its pipeline on a set of high value programs.</li>
<li>EMCORE Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMKR#NASDAQ">EMKR</a>) shares were also up, gaining 71% to $2.06 after Mobix Labs submitted an all-cash offer to acquire the company for $3.80 per share.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Prothena Corporation plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTA#NASDAQ">PRTA</a>) shares dropped 19% to $16.31. Prothena announced leadership team updates. Cantor Fitzgerald analyst Charles Duncan reiterated Prothena with an Overweight rating.</li>
<li>Shares of Heritage Insurance Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NASDAQ">HRTG</a>) were down 17% to $12.94.</li>
<li>Stellantis N.V. &nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) was down, falling 14% to $13.79 after the company lowered its FY24 guidance.</li>
</ul>
Commodities In commodity news, oil traded up 0.9% to $68.81 while gold traded down 0.5% at $2,655.10.
Silver traded down 1.2% to $31.44 on Monday, while copper fell 1.4% to $4.5340.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.84%, Germany's DAX fell 0.66% and France's CAC 40 dipped 1.71%. Spain's IBEX 35 Index fell 0.52%, while London's FTSE 100 fell 0.81%.
The British economy grew by 0.5% on quarter during the second quarter, down from 0.7% in the first quarter, while the UK's current account deficit widened to £28.4 billion in the second quarter, versus a revised £13.8 billion in the prior quarter. Net consumer credit in the U.K. rose by £1.3 billion in August, from £1.2 billion in the previous month. German import prices increased by 0.2% year-over-year in August compared to a 0.9% rise in July.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei 225 dipping 4.80%, Hong Kong's Hang Seng Index jumping 2.43%, China's Shanghai Composite Index gaining 8.06% and India's BSE Sensex falling 1.49%.
Japan&#8217;s housing starts fell by 5.1% year-over-year in August compared to a 0.2% decline in the prior month, while industrial production fell by 3.3% month-over-month in August. Retail sales in Japan climbed by 2.8% year-over-year in August.
The official NBS Non-Manufacturing PMI in China fell to 50.0 in September from 50.3 in the prior month, while official NBS Manufacturing PMI climbed to 49.8 in September from 49.1 in August.
Economics
The Chicago PMI rose to 46.6 in September from 46.1 in August versus market estimates of 46.2.
Now Read This: 
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<li><a href="https://www.benzinga.com/news/24/09/41064318/top-3-real-estate-stocks-that-are-preparing-to-pump-this-month">Top 3 Real Estate Stocks That Are Preparing To Pump This Month</a></li>
</ul>

Earnings

Long Ideas

Intraday Update

Markets

EMKR

HRTG

PRME

PRTA

STLA

Crude Oil Moves Higher; Prime Medicine Shares Spike Higher

Cantor Fitzgerald analyst Deepak Mathivanan reiterates Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Neutral and maintains $190 price target.

GOOG

GOOGL

Cantor Fitzgerald Reiterates Neutral on Alphabet, Maintains $190 Price Target

Whales with a lot of money to spend have taken a noticeably bullish stance on Adobe.
Looking at options history for Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) we detected 22 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 31% with bearish.
From the overall spotted trades, 14 are puts, for a total amount of $1,097,651 and 8, calls, for a total amount of $534,813.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $410.0 to $595.0 for Adobe over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Adobe's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Adobe's whale activity within a strike price range from $410.0 to $595.0 in the last 30 days. 
<h3>Adobe 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727712938_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$21.3</td>
<td>$21.0</td>
<td>$21.0</td>
<td>$500.00</td>
<td>$350.7K</td>
<td>1.4K</td>
<td style="text-align: right;">167</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$10.4</td>
<td>$10.05</td>
<td>$10.4</td>
<td>$540.00</td>
<td>$312.0K</td>
<td>836</td>
<td style="text-align: right;">325</td>
</tr>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$21.05</td>
<td>$21.0</td>
<td>$21.0</td>
<td>$500.00</td>
<td>$102.9K</td>
<td>1.4K</td>
<td style="text-align: right;">370</td>
</tr>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$29.3</td>
<td>$26.85</td>
<td>$28.45</td>
<td>$450.00</td>
<td>$91.0K</td>
<td>5</td>
<td style="text-align: right;">64</td>
</tr>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$29.3</td>
<td>$26.85</td>
<td>$28.45</td>
<td>$450.00</td>
<td>$91.0K</td>
<td>5</td>
<td style="text-align: right;">40</td>
</tr>
</tbody>
</table>

<h3>About Adobe</h3>
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
<h3>Where Is Adobe Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 863,777, the ADBE's price is down by -0.04%, now at $515.29. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 72 days.</li>
</ul>
<h3>What The Experts Say On Adobe</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $619.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Adobe with a target price of $635. 
&#x2A; An analyst from Barclays has decided to maintain their Overweight rating on Adobe, which currently sits at a price target of $675. 
&#x2A; An analyst from RBC Capital downgraded its action to Outperform with a price target of $610. 
&#x2A; An analyst from Oppenheimer has decided to maintain their Outperform rating on Adobe, which currently sits at a price target of $625. 
&#x2A; An analyst from UBS has decided to maintain their Neutral rating on Adobe, which currently sits at a price target of $550. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Adobe with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

ADBE

Adobe Unusual Options Activity

Whales with a lot of money to spend have taken a noticeably bullish stance on Palo Alto Networks.
Looking at options history for Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) we detected 25 trades.
If we consider the specifics of each trade, it is accurate to state that 52% of the investors opened trades with bullish expectations and 32% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $463,210 and 15, calls, for a total amount of $656,959.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $440.0 for Palo Alto Networks over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Palo Alto Networks's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Palo Alto Networks's substantial trades, within a strike price spectrum from $70.0 to $440.0 over the preceding 30 days.
<h3>Palo Alto Networks Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727712932_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$14.3</td>
<td>$13.35</td>
<td>$13.56</td>
<td>$340.00</td>
<td>$108.8K</td>
<td>20</td>
<td style="text-align: right;">5</td>
</tr>
<tr>
<td>PANW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$60.5</td>
<td>$59.3</td>
<td>$59.3</td>
<td>$360.00</td>
<td>$88.9K</td>
<td>167</td>
<td style="text-align: right;">15</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$16.2</td>
<td>$15.2</td>
<td>$16.2</td>
<td>$330.00</td>
<td>$76.1K</td>
<td>850</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$7.2</td>
<td>$6.95</td>
<td>$7.2</td>
<td>$370.00</td>
<td>$72.0K</td>
<td>1.1K</td>
<td style="text-align: right;">117</td>
</tr>
<tr>
<td>PANW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$27.55</td>
<td>$27.2</td>
<td>$27.2</td>
<td>$360.00</td>
<td>$65.2K</td>
<td>357</td>
<td style="text-align: right;">24</td>
</tr>
</tbody>
</table>

<h3>About Palo Alto Networks</h3>
Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 80,000 enterprise customers across the world, including more than three fourths of the Global 2000.
<h3>Palo Alto Networks's Current Market Status</h3>
<ul>
<li>With a trading volume of 862,492, the price of PANW is up by 1.38%, reaching $340.38.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 44 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Palo Alto Networks</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $420.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Susquehanna has decided to maintain their Positive rating on Palo Alto Networks, which currently sits at a price target of $420. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Palo Alto Networks options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

PANW

Palo Alto Networks's Options: A Look at What the Big Money is Thinking

Investors with a lot of money to spend have taken a bullish stance on RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with RH, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 14 uncommon options trades for RH.
This isn't normal.
The overall sentiment of these big-money traders is split between 71% bullish and 21%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $259,072, and 8 are calls, for a total amount of $315,990.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $220.0 and $370.0 for RH, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in RH's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to RH's substantial trades, within a strike price spectrum from $220.0 to $370.0 over the preceding 30 days.
<h3>RH Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727712927_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$8.5</td>
<td>$8.2</td>
<td>$8.5</td>
<td>$300.00</td>
<td>$86.7K</td>
<td style="text-align: right;">275</td>
<td style="text-align: right;">103</td>
</tr>
<tr>
<td>RH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$97.2</td>
<td>$96.3</td>
<td>$97.2</td>
<td>$250.00</td>
<td>$48.6K</td>
<td style="text-align: right;">112</td>
<td style="text-align: right;">5</td>
</tr>
<tr>
<td>RH</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$97.9</td>
<td>$96.3</td>
<td>$97.1</td>
<td>$250.00</td>
<td>$48.5K</td>
<td style="text-align: right;">112</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>RH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$119.7</td>
<td>$116.0</td>
<td>$116.0</td>
<td>$230.00</td>
<td>$46.5K</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">4</td>
</tr>
<tr>
<td>RH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$81.5</td>
<td>$80.4</td>
<td>$81.5</td>
<td>$270.00</td>
<td>$40.7K</td>
<td style="text-align: right;">132</td>
<td style="text-align: right;">5</td>
</tr>
</tbody>
</table>

<h3>About RH</h3>
RH is a luxury furniture and lifestyle retailer operating in the $134 billion domestic furniture and home furnishing industry. The firm offers merchandise across many categories including furniture, lighting, textiles, bath, decor, and children and is growing the presence of its hospitality business with 18 restaurant locations. RH innovates, curates, and integrates products, categories, services, and businesses across channels and brand extensions (RH Modern and Waterworks, for example). RH is fully integrated across channels and is positioned to broaden its addressable market over the next decade by expanding abroad, with its World of RH digital platform (highlighting offerings outside of home furnishings), and with offerings in color, bespoke furniture, architecture, media, and more.
In light of the recent options history for RH, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of RH</h3>
<ul>
<li>With a trading volume of 204,291, the price of RH is down by -1.05%, reaching $335.92.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 66 days from now.</li>
</ul>
<h3>Expert Opinions on RH</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $322.8.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Telsey Advisory Group has decided to maintain their Market Perform rating on RH, which currently sits at a price target of $290. 
&#x2A; An analyst from Telsey Advisory Group persists with their Market Perform rating on RH, maintaining a target price of $290. 
&#x2A; An analyst from Loop Capital persists with their Hold rating on RH, maintaining a target price of $320. 
&#x2A; Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on RH with a target price of $355. 
&#x2A; Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for RH, targeting a price of $359. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest RH options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Smart Money Is Betting Big In RH Options

It might come as a surprise to some, but President Joe Biden does <a href="https://www.benzinga.com/personal-finance/24/05/38943129/social-security-fears-go-viral-should-you-claim-early-like-dave-ramsey-says">collect Social Security benefits</a>. In fact, his 2023 tax return shows he received $42,842 in Social Security benefits for the year. That breaks down to a monthly check of about $3,570, a solid figure compared to the <a href="https://www.benzinga.com/personal-finance/24/05/38969552/can-you-guess-what-the-average-retiree-earns-heres-a-hint-its-over-70-000">average retired worker's benefit</a>, which is around $1,913 a month.&nbsp;
Don't Miss:
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<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>Can you guess how many retire with a $5,000,000 nest egg? &#8211;<a href="https://www.benzinga.com/money/retire-5mil-nest-egg"> How does it compare to the average?</a></li>
</ul>
Biden's wife, Dr. Jill Biden, also claims Social Security, earning $21,412 for the year – about $1,784 per month.
Joe Biden began collecting Social Security in 2008 when he turned 66, the full retirement age at the time. His long career as a high earner naturally led to a higher benefit amount, calculated by considering 35 years of a worker's highest earnings.&nbsp;
Social Security benefits are capped, so high earners like Biden don't get exponentially more. The combined Social Security benefits for the Bidens totaled $64,254 in 2023.
See Also: <a href="https://www.benzinga.com/money/irs-finalizes-10-year-rule-adv">IRS Finalizes 10-Year Rule For Retirement Withdrawals, Making Things &#8216;Even More Insanely Complicated&#8217;</a>
In 2022, the Bidens' Social Security income was slightly lower, at $58,465. Interestingly, they paid taxes on $49,695 of that amount, highlighting the impact of their taxable income. It's not uncommon for <a href="https://www.benzinga.com/personal-finance/24/09/40669137/can-you-guess-how-big-nancy-pelosis-monthly-social-security-check-is">retirees with high incomes</a> to have a portion of their Social Security benefits taxed. With decades of public service and book deals, Biden's income has consistently been higher than average.
Biden's decision to start claiming Social Security at 66 likely gave him a nice income boost. However, waiting until 67 or even later could have resulted in a higher lifetime benefit overall. Social Security rules allow <a href="https://www.benzinga.com/personal-finance/24/04/38439971/should-you-begin-collecting-social-security-at-62-67-or-70-the-right-answer-may-depend-on-your-b">delayed benefits up to age 70</a> and waiting can increase monthly payouts significantly. According to financial guru Suze Orman, <a href="https://www.benzinga.com/personal-finance/24/03/37797074/are-you-considering-collecting-social-security-at-62-suze-orman-says-delaying-can-lead-to-a-76-p">delaying until 70 can lead to a benefit up to 76% higher</a>.&nbsp;
Trending: Founder of Personal Capital and ex-CEO of PayPal<a href="https://www.benzinga.com/money/evergreen-money"> re-engineers traditional banking with this new high-yield account — start saving better today.</a>
Only 10% of people wait to claim until 70, indicating that many would rather claim early than wait, even if it means losing out on extra dollars each month. However, for Biden, the decision to start earlier worked well enough.
It's a reminder that, like many other Americans, even the president has to think strategically about retirement income. Social Security benefits play a role in retirement planning for millions of Americans and Biden's decision, like most, involved weighing the pros and cons of timing. Though he didn't maximize his benefits by waiting longer, his steady income throughout his career still earned him a substantial payout.
With 67 million Americans receiving Social Security each month, it's not unusual to see people from all walks of life, even those in the highest offices, relying on these benefits. The Bidens are a prime example of how Social Security can be an <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">important financial pillar</a>, regardless of status or income.
Read Next:
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<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.</li>
<li>How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.</li>
</ul>

Personal Finance

Can You Guess How Big Joe Biden's Social Security Check Is Each Month? Hint – It's Not The Max

<h4>Key Takeaways:</h4>
<ul>
<li>Nissin Foods is purchasing Australian frozen dumpling maker ABC Pastry for $23.3 million, seeking to tap demand from the country&rsquo;s growing Asian population</li>
<li>Nissin is looking to diversify geographically from its base in Mainland China and Hong Kong with other recent moves into Vietnam and Taiwan</li>
</ul>
By Doug Young
If you can&rsquo;t stand the heat from China&rsquo;s economic slowdown, you get out of the kitchen.
Perhaps that&rsquo;s just a slight exaggeration if your name is&nbsp;Nissin Foods Co. Ltd.&nbsp;(OTC: NSFCF), the China subsidiary of Japan&rsquo;s Nissin Food Holdings (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nfpdf#OTC">NFPDF</a>), the former of which still gets nearly all its revenue from its two main markets in Mainland China and Hong Kong. But the Hong Kong-listed Nissin is increasingly creeping beyond those two main markets with several strategic moves, laying the groundwork for a more diversified revenue base.
In its latest move in that direction, the company&nbsp;<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0927/2024092701479.pdf">announced on Friday</a>&nbsp;it will purchase Australian frozen dumpling maker ABC Pastry for a cool A$33.7 million ($23.3 million). The purchase price looks quite affordable for Hong Kong-listed Nissin, which is debt-free and had HK$1.32 billion ($170 million) in net cash and another HK$820 million in banking facilities at the end of June.
In addition to the purchase price, Nissin said it also has the option to purchase the land where ABC&rsquo;s factory produces its dumplings for another A$8.8 million.
Nissin called the deal a &ldquo;premium opportunity&rdquo; to expand its business into Australia. &ldquo;The Australian frozen food market size is expected to experience robust growth as the frozen dumplings, in particular, have been benefiting from the rising Asian migration to Australia,&rdquo; it said.
Nissin&rsquo;s Hong Kong shares rose 2.24% in Monday morning trade after the announcement. The stock has been quite the laggard lately compared with its peers, reflecting the difficulties the company is facing during China&rsquo;s economic slowdown. Nissin&rsquo;s shares are down 29% so far this year, in sharp contrast to rivals&nbsp;Tingyi&nbsp;(0322.HK) and&nbsp;Uni-President China&nbsp;(0220.HK), which are up 17% and 27%, respectively.
Nissin used to be a leader among that trio in terms of valuation, reflecting its market positioning. With its Japanese roots and status as the inventor of instant noodles, the company bills itself as a premium brand within its class. But as its stock has sunk, its price-to-earnings (P/E) ratio has fallen to 14, trailing Tingyi&rsquo;s 17 and Uni-President&rsquo;s 16.
Nissin&rsquo;s positioning as a premium brand seems to be increasingly problematic in the current environment where consumers are reining in their spending and downgrading from higher-end products to more affordable ones. As that happens, the company&rsquo;s revenue began contracting last year after several years of solid growth during the pandemic when consumers slurped up its cheap and convenient stay-at-home foods.
Nissin&rsquo;s revenue contraction continued in the first half of this year, falling 5.5% year-on-year to HK$1.82 billion. That decline contrasted sharply with a slight 0.1% revenue increase for Tingyi during the same period, and an even larger 6% rise for Uni-President China.&nbsp;Weilong Delicious&nbsp;(9985.HK), a maker of cheap snacks costing just pennies each, reported its revenue jumped 26% during the period, partly due to the growing consumer fondness for cheap eats.
<h3>Growing Global&nbsp;Footprint</h3>
Nissin&rsquo;s Japanese parent is quite the global company, with its signature Cup Noodles available in most major markets throughout the world. Within Asia, the Japanese company is active in most major Southeast Asian markets, including the Philippines, Thailand, Singapore, Malaysia and Indonesia.
The Hong Kong-listed Nissin is still largely confined to the Hong Kong and Mainland China markets, with those two accounting for about 40% and 60% of its revenue, respectively, in the first half of this year. Both markets experienced revenue declines in the latest six-month period, with Hong Kong down 6% while Mainland China fell 3% in yuan terms.
Even though its revenue fell, Nissin&rsquo;s profit held mostly steady at HK$169 million, down slightly from HK$172 million a year earlier, thanks to a 0.9 percentage point improvement in its gross margin due to falling raw material costs.
The newly acquired Australia operation, by comparison, looks a bit healthier, at least in terms of profitability. Nissin said ABC Pastry recorded revenue of A$15.2 million for its fiscal year through June this year, though it didn&rsquo;t provide any previous-year comparisons. That figure is quite small compared to Nissin&rsquo;s own revenue, equating to about 2% of the HK$3.83 billion Nissin generated last year.
ABC Pastry also looks quite profitable, with its profit after tax rising 27% to A$2.84 million in the fiscal year through June from A$2.23 million a year earlier. That equates to a net profit margin of 18.7% for ABC Pastry, or roughly double Nissin&rsquo;s own net margin of 9.3% in the first six months of this year. All this shows that ABC Pastry is quite profitable and probably growing in terms of revenue, meaning it could serve as a good base for Nissin to quickly expand in the market.
Australia is just the latest regional market where the Hong Kong-listed Nissin is expanding its footprint as it tries to diversify geographically beyond Hong Kong and Mainland China.
The company took its first fledgling step outside those two core markets last July, when it purchased 67% of its parent company&rsquo;s Vietnamese business. That operation consists mostly of a single instant noodle factory, and the unit lost $1.4 million in its fiscal year through March 2023. Nissin mentioned the Vietnam operation in its latest half-year report, but said only that &ldquo;a good performance was achieved, and the overall business outlook was encouraging,&rdquo; suggesting it still generates relatively small revenue.
More recently, Nissin established an office late last year in Taiwan, where its products are currently sold through distributors and wholesalers. In its latest report it said the operation &ldquo;is expected to achieve sales growth subsequently,&rdquo; but didn&rsquo;t elaborate on potential plans to beef up the operation or potentially set up any local manufacturing.
Here, we should note that Taiwan is the home turf for both Uni-President and Tingyi, and thus Nissin will face extremely tough competition from these two players if it makes a serious attempt to expand in the market. Then again, Taiwanese are also famous for their love of all things Japanese, and thus local consumers might enjoy such a new instant noodle option.
At the end of the day, this diversification strategy looks prudent for the Hong Kong-listed Nissin as its two main markets head into what could become a prolonged period of uncertainty. Vietnam and Taiwan are probably both already quite competitive but could still have some potential due to Nissin&rsquo;s positioning as a premium brand. Meantime, the latest move into Australia could have even greater potential due to the country&rsquo;s growing Asian population and a lower level of competition in foods catering to this customer group.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Asia

NFPDF

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Press Releases

XPENG announces first global Tianji XOS 5.2 OTA upgrade and nationwide rollout of state-of-the-art unlimited XNGP

XPENG Announces Vehicle Delivery Results for July 2024

XPENG to Report Second Quarter 2024 Financial Results on Tuesday, August 20, 2024

XPENG Rolls Out XOS 5.2 OTA, Enhancing Global User Experience

XPENG Reports Second Quarter 2024 Unaudited Financial Results

XPENG to Launch MONA M03 at 10th Anniversary Gala Night on August 27, 2024

XPENG Launches MONA M03 and Showcases Technology Innovations at 10th Anniversary Gala

XPENG Announces Vehicle Delivery Results for August 2024

SunCar Technology Reports 27% Revenue Growth, Including 55% Increase in Auto e-Insurance Business and Over 250% Increase in the Number of Electric Vehicle Insurance Policies in 1H 2024

XPENG to Unveil the Future of AI Mobility in Europe at Paris Motor Show 2024

Thunder Power Holdings, Inc. - Common Stock

Thunder Power Holdings

Cenntro

ECD Automotive Design, Inc. - Common Stock

ECD Automotive Design

Envirotech Vehicles

Ford Motor

Faraday Future Intelligent Electric Inc. - Class A Common Stock

Faraday Future

Fly-E Group

General Motors

Canoo

Honda Motor Co

Lucid Gr

Li Auto Inc. - American Depositary Shares

Li Auto

Lotus Technology Inc. - American Depositary Shares

Lotus Technology

NIO Inc. American depositary shares, each representing one Class A ordinary share

NWTN

Polestar Automotive Holding UK Limited - Class A ADS

Polestar Automotive

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