The IPO rush has died down and only two new initial public offerings will hit the Dalal street in this week, while some existing IPOs will have their last day of subscription.
Among the mainboard, only Excelsoft Technologies Ltd. IPO will open for subscription, while among the SMEs we will Gallard Steel Ltd. IPO making its debut.
Besides this, Fujiyama Power Systems Ltd. will have its third and final day of subscription on Nov. 17. while Capillary Technologies Ltd.’s initial public offer will close on Nov. 18.
Here are more details about the upcoming IPOs in this week:
Bank of America Corporation (NYSE:BAC) is included among the 15 Best Passive Income Stocks to Buy Right Now.
Morgan Stanley Reaffirms Overweight Rating on Bank of America (BAC) After Investor Day
Image by Alexsander-777 from Pixabay
On November 7, Morgan Stanley kept its Overweight rating and a $70 price target on Bank of America Corporation (NYSE:BAC), according to a report by The Fly. The firm also placed the bank among its top picks in the large-cap banking group following the company’s investor day. In its research note, the analyst mentioned that management laid out a path towards a 16% to 18% return on tangible common equity, supported by steady revenue growth and plans to bring the expense ratio down to a range of 55% to 59%. The firm also pointed out that it sees the bank entering a stretch of consistent operating leverage, which it believes should help Bank of America outperform its peers.
During the investor day on November 5, Chairman and CEO Brian Moynihan highlighted that he expected earnings to grow at a strong pace, with returns rising accordingly. In the Global Corporate & Investment Banking segment, the bank aims to lift corporate banking revenue at a mid-single-digit compound rate. Part of that growth is expected to come from its overseas expansion, where the company is targeting roughly 20% growth in Latin America and around 40% in Europe, the Middle East, and Africa. The Global Investment Banking unit is working with similar mid-single-digit growth expectations.
Bank of America Corporation (NYSE:BAC) has spent the past decade expanding its presence across the US. From 2014 through 2024, it put more than $5 billion into building out financial centers and moving into new markets nationwide.
Bank of America Corporation (NYSE:BAC) ranks among the largest financial institutions in the country, offering a broad range of banking, investment, and financial management services to individuals, small firms, and corporations around the world.
While we acknowledge the potential of BAC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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While it may not be enough for some shareholders, we think it is good to see the Wilmar International Limited (SGX:F34) share price up 14% in a single quarter. But if you look at the last five years the returns have not been good. You would have done a lot better buying an index fund, since the stock has dropped 22% in that half decade.
So let’s have a look and see if the longer term performance of the company has been in line with the underlying business’ progress.
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There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company’s share price and its earnings per share (EPS).
During the five years over which the share price declined, Wilmar International’s earnings per share (EPS) dropped by 3.5% each year. Readers should note that the share price has fallen faster than the EPS, at a rate of 5% per year, over the period. So it seems the market was too confident about the business, in the past.
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
SGX:F34 Earnings Per Share Growth November 16th 2025
It’s probably worth noting we’ve seen significant insider buying in the last quarter, which we consider a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. Dive deeper into the earnings by checking this interactive graph of Wilmar International’s earnings, revenue and cash flow.
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Wilmar International the TSR over the last 5 years was -3.0%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
Wilmar International provided a TSR of 14% over the last twelve months. But that was short of the market average. On the bright side, that’s still a gain, and it is certainly better than the yearly loss of about 0.6% endured over half a decade. It could well be that the business is stabilizing. It’s always interesting to track share price performance over the longer term. But to understand Wilmar International better, we need to consider many other factors. For example, we’ve discovered 2 warning signs for Wilmar International (1 is significant!) that you should be aware of before investing here.
Wilmar International is not the only stock insiders are buying. So take a peek at this free list of small cap companies at attractive valuations which insiders have been buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Singaporean exchanges.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This 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.
Tokyo, Nov. 16 (Jiji Press)–Japanese labor productivity per worker in fiscal 2024, which ended in March this year, rose 0.2 pct from the previous year in inflation-adjusted real terms, up for four consecutive years, Japan Productivity Center data have shown.
However, labor productivity “needs to increase more than 1 pct” to ensure that real wages keep rising by 1 pct as envisioned in a government target, an analyst at the think tank said.
Labor productivity, or the amount of added value created by labor, improved in the sectors of transport and postal services, finance and insurance, and information and communications.
The improvement reflected streamlining measures related to work style reform, automation in major logistics centers and the increasing use of self-checkout machines.
Yasuhiro Kiuchi, senior principal researcher of the center, sees potential for growth in the learning-support service industry.
