Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» Financial Reports Q-3 2018
by ruwan326 Today at 9:23 am

» ඉන්ධන මිල සූත්‍රය මෙන්න
by ruwan326 Today at 8:43 am

» US Share Market Crash Seems to Good for Sri Lankan/Asian Share Market and Currencies
by Miss-Sangeetha Today at 7:50 am

» ALHP WILL MOVE UP SOON
by wisdom79 Today at 6:09 am

» Central Bank will intervene if rupee moves on speculation – official
by janith123 Yesterday at 9:00 pm

» Daily Foreign Transactions
by ruwan326 Yesterday at 8:27 pm

» LCEM heading towards delist
by TuTanKaman Yesterday at 7:18 pm

» Banking sector profits seen losing steam ahead of 3Q earnings season
by TuTanKaman Yesterday at 7:15 pm

» MARKET CRASH - GUARANTEED
by DS Wijesinghe Yesterday at 10:58 am

» Govt has failed to set up Export Import(EXIM) Bank as promised in 2015 Nov Budget
by ruwan326 Sun Oct 21, 2018 7:37 pm

» SRI LANKA @ 2020
by samaritan Sat Oct 20, 2018 2:35 pm

» Summary of Key Announcements during the week
by ruwan326 Fri Oct 19, 2018 7:34 pm

» Dealing by directors
by ruwan326 Fri Oct 19, 2018 7:30 pm

» CSE WEEKLY
by ruwan326 Fri Oct 19, 2018 7:28 pm

» THE MAN WHO KILLED THE SRI LANKAN STOCKMARKET!
by ruwan326 Fri Oct 19, 2018 12:41 pm

» We Have Fresh Cut Bank Guarantee For Lease and sale (BG/SBLC - Tura
by king12 Fri Oct 19, 2018 7:32 am

» Daily Stock Market Update
by Insights Equity Thu Oct 18, 2018 5:53 pm

» Dreams of big profits as marijuana becomes legal in Canada
by janith123 Thu Oct 18, 2018 3:07 pm

» $ 1 b from China Development Bank in Sri Lanka today
by ruwan326 Thu Oct 18, 2018 10:20 am

» Dr. Ali Gulamhusein resigns from People’s Leasing board, amid litigation/floundering listed companies
by ruwan326 Thu Oct 18, 2018 7:24 am

» Sri Lanka to revoke rogue bikini ban
by ruwan326 Thu Oct 18, 2018 6:58 am

» ORIENT FINANCE PLC - RATING REVIEW
by ruwan326 Wed Oct 17, 2018 8:43 pm

» EPF needs governance overhaul to invest in Sri Lanka stock market
by janith123 Wed Oct 17, 2018 4:58 pm

» MD behave like ANIMAL
by janith123 Tue Oct 16, 2018 4:48 pm

» Sri Lanka may be one of few countries who takes ridiculous tax
by soileconomy Tue Oct 16, 2018 7:50 am

» Stock Broker Companies for sale
by janith123 Mon Oct 15, 2018 9:26 pm

» Fresh push to woo UK investors to SL
by ruwan326 Mon Oct 15, 2018 8:03 pm

» FUTURE WINNING STOCKS AT BOTTOM LEVEL
by Yahapalanaya Mon Oct 15, 2018 6:15 pm

» Nimal returns to stock market
by sapumal Mon Oct 15, 2018 4:53 pm

» Stock price decline leaves John Keells (JKH) vulnerable to a takeover by Sri Lanka’s oligarchs
by ruwan326 Mon Oct 15, 2018 8:08 am

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Apple hits all time highs, Dow eyes 22,000, Asia Hopes to Benefit too

Apple hits all time highs, Dow eyes 22,000, Asia Hopes to Benefit too

Go down  Message [Page 1 of 1]

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
LONDON (Reuters) - Asian technology stocks hit 17-year peaks and Wall Street's Dow index looked set to break 22,000 points later on Wednesday, as blockbuster earnings from Apple (AAPL.O) rippled out to component makers globally.

Shares in the world's most valuable company surged 6 percent after-hours to a record of more than $159 each, taking its market capitalization above $830 billion.

That should help carry the Dow through the 22,000 mark when trading resumes in New York. E-Mini futures for the Dow YMc1 were up 0.2 percent despite a lower Europe as disappointing results from Societe Generale and Commerzbank weighed on the bank stocks. [.EU]

Apple reported better-than-expected iPhone sales, revenue and earnings per share and signaled its upcoming 10th-anniversary phone is on schedule.

It helped dispel one of the few nagging doubts of the corporate earnings season so far -- that Amazon’s lackluster results last week might have revealed some tiredness among the giant U.S. tech and internet stocks that have been driving the stock market rally all year.

"It is all about Apple," said Naeem Aslam chief market analyst at Think Markets. "The firm comfortably topped its forecast and produced stellar numbers for its revenue and profit."

Among Asia's Apple suppliers, LG Innnotek (011070.KS) jumped 10 percent and SK Hynix (000660.KS), the world's second-biggest memory chip maker, rose 3.8 percent.

Murata Manufacturing (6981.T) firmed 4.9 percent and Taiyo Yuden (6976.T) 4.4 percent, helping Tokyo's Nikkei .N225 up 0.47 percent.

The MSCI tech index for Asia .MIAS0IT00PUS also climbed 0.9 percent to ground not trod since early 2000, bringing its gains for the year to a heady 40 percent.

Those gains balanced losses in basic materials and energy to leave MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS steady near its highest since late 2007.

There was a note of caution over reports that U.S. President Donald Trump was close to a decision on how to respond to what he considers China's unfair trade practices.

Tepid U.S. inflation along with political turmoil in Washington has lessened the possibility of another Federal Reserve rate hike this year, lowering bond yields across the globe.

Improving data in other major economies has also served to push the greenback down nearly 11 percent from January peaks, benefiting commodities and emerging markets.

A swathe of manufacturing surveys (PMIs) out on Tuesday had underlined how the improvement in activity had broadened out from the United States to Asia and Europe.

Teller

avatar
Moderator
Samsung failure made apple to sky high

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Probably that is one reason Teller.

Apple is No. 1 brand in the world and its very difficult to get users to switch to any other brand. Consumers will own iMAC, iPhone, iPad. Next we will see their Television

Warren Buffett and his insurance company Berkshire Hathway started investing in Apple in early 2016 at a time when the Appple stock was somewhat stagnated. Today he owns 2.5% of Apple and he is looking at its great future earning potential.

Buffett who relies upon shareholder interest driven sound management and places utmost importance on the CEO before he invest in anything has full confidence in Apple CEO Tim Cook to take the company to next levels

Teller

avatar
Moderator
Yes, apple has a regular customer base..

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Apple Shares Shatter $ 1 Trillion Market Capitalisation

COLOMBO (News 1st) – Apple Inc.’s market value reached $1 trillion and shares closed at a new record high of $207.39 in New York on Thursday (02 August).
Shares of the company rose from $5.89, or 2.9%, to $207.39, making it worth slightly more than $1 trillion. Apple first reached the milestone when it climbed above $207.04 in midday trading. The stock has risen 23% so far this year, as it reported strong revenue and profit gains Tuesday (31 July) as demand for high-price iPhone’s remained resilient and sales from the app store and other services hit all-time highs.
Apple beat Silicon Valley rivals such as Amazon and Microsoft to become the first to hit the $1 trillion valuation. The five most valuable companies – Apple, Amazon.com Inc., Google parent Alphabet Inc., Microsoft Corp. and Facebook Inc.–are all tech and internet firms, a level of industry dominance rare in recent markets history. Those five collectively accounted for nearly 15% of the total value of the S&P 500 as of last month, according to Ned Davis Research.
Since the iPhone first went on sale in 2007, Apple shares have soared by 1,100% and have jumped almost a third in the past year. The rise is even more astonishing – 50,000% – since the company first listed in 1980 and this dwarfs the 2,000% increase for the S&P 500 index over the same period.
Apple traces its origins to the garage of co-founder Steve Jobs in 1976 and was initially best known for its Mac personal computers before its smartphone paved the way for the app economy.
Apple’s climb is noteworthy since its survival as a company was in doubt just over two decades ago. It lost $2 billion over two years in the mid-1990s, weighed a sale to Sun Microsystems, and grappled it’s way through three CEOs in four years before bringing back Mr Jobs. He revived the business by thinning Apple’s product lineup and spearheading a trio of hits: the iPod, iPhone and iPad.
Apple Inc. has diversified the sources of its profits. It now makes about $10bn every three months from services such as selling apps, cloud storage and music streaming. It may have been the vision of Steve Jobs that drove Apple towards this milestone, but it was the business acumen of Tim Cook that gave them the edge.
The iPhone X, which launched last November (2017), has delivered minimal unit growth, but its $999 price tag has lifted total sales by raising average iPhone selling prices 15% higher to $750 in the nine months ended in June

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum