Category: 3. Business

  • Exploring Valuation After Strong Shareholder Returns

    Exploring Valuation After Strong Shareholder Returns

    Mitsubishi Electric (TSE:6503) shares have seen some movement recently, sparking fresh interest in the company’s fundamentals and long-term outlook. Investors are considering the latest trends that could shape the next phase for this well-known Japanese industrial player.

    See our latest analysis for Mitsubishi Electric.

    The share price has surged over 57% year-to-date, reflecting a strong shift in sentiment that is also evident in the stellar 57% total shareholder return over the past year. While recent weeks saw a slight dip, long-term investors have enjoyed remarkable multi-year gains, suggesting that momentum is still in Mitsubishi Electric’s favour as the market responds to its latest moves and ongoing innovation.

    If you’re interested in expanding your search beyond industry giants, it could be the perfect time to discover fast growing stocks with high insider ownership.

    With the stock not far from analysts’ price targets, investors are left to debate whether Mitsubishi Electric is still trading at an attractive value or if optimistic future growth is already factored in.

    With the current share price sitting notably above its consensus fair value, Mitsubishi Electric’s most discussed narrative points to a premium market valuation. Investors are weighing whether recent performance and bold growth projections truly justify this level.

    Expansion in the Energy Systems and Public Utility segments is driven by ongoing investments in power distribution and the transition toward electrification and energy efficiency, supported by worldwide decarbonization initiatives. This should result in higher recurring revenues and improved net margins as Mitsubishi Electric benefits from secular shifts to sustainable infrastructure.

    Read the complete narrative.

    Curious about what financial assumptions drive this ambitious outlook? The real story hinges on projected gains in revenue and profitability, as well as future profit multiples that hint at a tech-level growth premium. Want to know exactly which performance levers are moving the fair value target? Uncover the surprising factors that may shape Mitsubishi Electric’s valuation narrative.

    Result: Fair Value of ¥3,668.38 (OVERVALUED)

    Have a read of the narrative in full and understand what’s behind the forecasts.

    However, intensifying competition and rapid shifts toward digital solutions could challenge Mitsubishi Electric’s profit margins and limit its ability to sustain recent growth.

    Find out about the key risks to this Mitsubishi Electric narrative.

    Looking at earnings multiples, Mitsubishi Electric trades at 21.9 times earnings, which is lower than the peer average of 23 times. However, it is noticeably higher than the Japanese Electrical industry at 13.8 times. The fair ratio stands even higher at 26.5 times, suggesting some room to grow if the market becomes more favorable, or risk if sentiment weakens. Do multiples clarify whether the stock is a bargain, or do they simply add to the debate?

    See what the numbers say about this price — find out in our valuation breakdown.

    TSE:6503 PE Ratio as at Nov 2025

    If you see things differently or enjoy digging into the numbers yourself, you can build your own take in just a few minutes. Do it your way.

    A good starting point is our analysis highlighting 2 key rewards investors are optimistic about regarding Mitsubishi Electric.

    Why stop at one company when you could strengthen your portfolio with fresh, compelling ideas? There are exceptional opportunities just waiting to be uncovered. Don’t let others get ahead of you.

    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.

    Companies discussed in this article include 6503.T.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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  • Gold prices in Pakistan Today

    Gold prices in Pakistan Today

    In 2006-07, a 1 percent withholding tax was imposed on commercial imports of gold in the country. Photo: Express News

    Gold prices declined in international and domestic markets on Saturday. In the international bullion market, gold dropped $91 per ounce to $4,083.

    In local markets, the price of gold per tola fell by Rs9,100 to Rs430,662, while 10 grams of gold decreased by Rs7,799 to Rs369,223.

    Spot gold was down 1.9% at $4,092.72 per ounce as of 02:33 p.m. ET (1933 GMT), after earlier sliding more than 3%. Despite the fall, bullion is up 2.3% so far this week.

    Read: Gold prices rise despite global dip

    In other metals, spot silver edged down 2.8% to $50.84 per ounce but is still up 5.2% for the week.

    Earlier this week, gold prices in Pakistan edged higher on Tuesday, continuing their upward trend despite a slight decline in international markets.

    Locally, the price per tola rose from Rs5,900 to Rs435,762, while 10-gram gold was sold for Rs373,595, up Rs5,065, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

    On Monday, gold had surged by Rs7,400 per tola, closing at Rs429,862. Internationally, gold prices eased slightly on Tuesday after hitting a near three-week high earlier, as traders booked profits.

    Market optimism over the potential resumption of US economic data releases and hopes that the Federal Reserve may cut interest rates next month helped limit losses.

    Adnan Agar, Director of Interactive Commodities, while commenting on market dynamics, noted that gold’s daily high reached $4,148, with a low of $4,097. “After touching the high, prices dipped about $40, when the US session opened.

    There is strong support at $4,155; if breached, gold could rise to $4,200-4,220. However, if resistance holds, it may retract to $4,080-4,050,” he said.

    “We just got into good resistance around the halfway back point and that probably prompted some profit-taking on longs after Monday’s strong gains and perhaps a little bit of speculative selling up there as well,” said Peter Grant, Vice President and Senior Metals Strategist at Zaner Metals.

    Read More: Gold prices rise in global, local markets

    The US Senate on Monday approved a compromise that would end the longest government shutdown on record. The shutdown has triggered a data blackout, leaving policymakers and markets without key indicators on jobs and inflation.

    The central bank trimmed rates at its latest meeting, but Chair Jerome Powell stressed that another cut this year was far from certain. Markets see a 64% chance of a rate cut in December, CME’s FedWatch Tool showed.

    Meanwhile, the Pakistani rupee edged higher against the US dollar on Tuesday, gaining 0.01% in the inter-bank market. It closed at 280.78, up Rs0.03 from the previous session. On Monday, the rupee had ended at 280.81.

    According to Ismail Iqbal Securities, at the close of trading, the Pakistani rupee appreciated 0.01% day-on-day against the US dollar, settling at 280.78.

    On a calendar year-to-date basis, the currency has depreciated 0.79%, while it has gained 1.06% in the fiscal year to date.

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  • Tesla requires suppliers to avoid China-made parts for US cars, WSJ reports – Reuters

    1. Tesla requires suppliers to avoid China-made parts for US cars, WSJ reports  Reuters
    2. Scott Supports General Motors Move to Cutoff Chinese Parts Supply  Floridian Press
    3. Tesla Requires Suppliers To Avoid Made-In-China Parts For US Cars- WSJ  TradingView
    4. Top 5 stories of the week: GM looks to reduce parts from China; Honda’s EV strategy backfires  Automotive News
    5. Exclusive | Tesla Requires Suppliers to Avoid Made-in-China Parts for U.S. Cars  The Wall Street Journal

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  • Xi’s article on developing new quality productive forces to be published

    BEIJING, Nov. 15 — An article by Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on promoting the development of new quality productive forces in light of local conditions will be published on Sunday.

    The article by Xi, also Chinese president and chairman of the Central Military Commission, will be published in this year’s 22nd issue of the Qiushi Journal, a flagship magazine of the CPC Central Committee.

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  • Buffett acquires $4.9 Billion Stake in Google parent Alphabet

    Buffett acquires $4.9 Billion Stake in Google parent Alphabet

    Berkshire Hathaway Chairman Warren Buffett
    | Photo Credit:
    SCOTT MORGAN

    Warren Buffett’s Berkshire Hathaway Inc. acquired 17.9 million shares of Google parent Alphabet Inc. during the third quarter, while further trimming its holdings in Bank of America Corp. and Apple Inc.

    Berkshire’s Alphabet stake, representing 0.31% of the outstanding shares, was worth about $4.9 billion as of Friday’s market close, according to a regulatory filing.

    Shares of Alphabet rose 1.6% to $280.86 in extended trading at 4:28 p.m. in New York.  

    Buffett, 95, who plans to step down as chief executive officer at year-end, has been finding ways to deploy some of Berkshire’s cash pile, which rose to a record $382 billion at the end of the quarter. The Omaha, Nebraska-based conglomerate recently reached a deal to buy Occidental Petroleum Corp.’s petrochemical business for $9.7 billion and acquired a $1.6 billion stake in UnitedHealth Group Inc.

    Berkshire trimmed its Apple stake by 15%, leaving it with a holding valued at $60.7 billion at the end of the quarter. The Cupertino, California-based iPhone maker still accounts for almost a quarter of Berkshire’s equity portfolio. 

    The conglomerate sold 37.2 million Bank of America shares, leaving it with a 7.7% stake in the Wall Street firm.

    Berkshire also exited its position in US home builder D.R. Horton Inc.

    More stories like this are available on bloomberg.com

    Published on November 15, 2025

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  • Odd Lots: Citi’s Dirk Willer on How You Know When the Bubble Is Over

    Odd Lots: Citi’s Dirk Willer on How You Know When the Bubble Is Over

    According to Dirk Willer, the Global Head of Macro Strategy at Citigroup, we are definitely in bubble territory. Per his research, the stock market has been in a bubble since May. Unlike many people, whose definitions of bubbles are a bit more vague or a bit more based on sentiment, Dirk’s work focuses on precise timing and price indicators that distinguish bubbles from mere booms. Furthermore, he argues that when the bubble first forms, the correct move historically is to buy into it and then just accept that you’ll never nail the top perfectly. On this episode, we talk about his overall approach as well as the signs of when the bubble has come to an end. We also talk about current parallels to the dotcom bubble, why gold has had such a monster year, and the signs from the Treasury market that make the US look increasingly like an emerging market.

    Nov 15, 2025

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  • Aurigny and Loganair step in to rescue passengers

    Aurigny and Loganair step in to rescue passengers

    Airlines have stepped in to offer “rescue flights” for Blue Islands passengers after the company’s collapse.

    The Jersey-based operator, which employed about 100 staff, announced on Friday it had ceased trading and cancelled all bookings.

    Aurigny and Loganair have said they are putting on extra flights to their schedules to help Blue Islands customers.

    Loganair said it was putting on flights from Jersey to Guernsey, Exeter, Bristol and Southampton along with Guernsey to Southampton from Sunday, while Aurigny has added flights for the Southampton to Guernsey and Guernsey to Jersey routes “initially until Wednesday”.

    Both airlines said special fares were being put on the flights to assist passengers who needed to travel on any of the affected routes.

    A Loganair statement said: “We understand this will be a worrying time for those hoping to travel to and from Jersey and in response we’re starting operations from Sunday 16 November.”

    An Aurigny spokesperson said the airline was “deeply saddened” about Blue Islands ceasing trading.

    “Following the announcement that Blue Islands has entered administration, Aurigny is taking immediate action to assist Blue Islands customers across the Channel Islands,” the spokesperson added.

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  • Media titans Google, Disney face off at ten-yard line-Xinhua

    by Julia Pierrepont III

    LOS ANGELES, Nov. 15 (Xinhua) — “Disney is prepared for a challenging battle,” said Disney CFO Hugh Johnston in a CNBC interview Thursday, referring to the YouTube TV blackout of Disney-owned networks, including ESPN and ABC.

    “This is a disaster,” football addict Chuck H. told Xinhua Friday. “While these gigantic companies duke it out for every last dime, the sports fans and the athletes are the ones who suffer.”

    Now in its second week, the blackout — though Alex Sherman of CNBC delivered potential good news on Friday night, saying a deal “could happen soon” — has left more than 10 million subscribers cut off from some of television’s most essential channels just as the NFL season heads toward the playoffs and the Super Bowl.

    The standoff between Disney and Google, which began on Oct. 30, has hardened into a protracted battle of attrition, with both sides signaling they are prepared to hold out indefinitely.

    What began as a dispute over carriage fees — the payments streaming distributors make to carry a company’s channels — has grown into a high-stakes test of leverage in the rapidly shifting media landscape.

    Disney CEO Bob Iger said during the company’s earnings call Thursday that Disney’s goal was to remain available to viewers without interruption, but that it could not accept a deal that undervalued its content.

    Google, which owns YouTube TV, has accused Disney of seeking higher rates than major competitors such as Comcast and Charter.

    Analysts estimated the blackout is costing Disney about 30 million U.S. dollars per week — roughly 4 million dollars per day — in lost revenue. The absence of ESPN and ABC from YouTube TV’s lineup has already dented ratings and advertising income.

    For Google, the fallout includes customer frustration and potential cancellations. Surveys suggest nearly one in four subscribers is considering leaving or has already canceled the service, despite YouTube TV offering a one-time 20-dollar credit to ease the impact.

    At the core of the dispute lies a familiar pay-TV conflict: price. Google contends Disney is pushing for an unprecedented rate hike that would “reset” the market, while Disney argues it is merely asking for “fair rates.”

    Subscribers have already missed two “Monday Night Football” broadcasts, multiple college football matchups, and weeks of ABC primetime programming. While some fans have turned to antennas or other streaming platforms, many remain stuck in uncertainty.

    “I might cancel both Disney and YouTube TV!” irate subscriber Tyler B. told Xinhua. “I’m not getting my fan fix!”

    The timing is particularly challenging. Disney is pushing toward profitability in its streaming division and preparing to launch a standalone ESPN streaming service next year, making every lost dollar significant.

    Google, meanwhile, faces mounting consumer backlash that threatens the trust it has cultivated since YouTube TV launched in 2017 as a cheaper, more flexible alternative to cable.

    Behind the corporate statements lie the hard realities of sports economics. Sports broadcasting is the most expensive content in television, and rights fees continue to soar.

    When distributors resist rising fees, blackouts follow — but when they eventually settle, subscription prices often increase. For viewers, it is a lose-lose scenario: either lose access to key channels or pay more to restore them.

    For now, fans remain the primary collateral damage. College football weekends and “Monday Night Football” broadcasts — traditionally moments of shared excitement — have instead become sources of anger and inconvenience.

    Both sides understand the stakes. Disney needs YouTube TV’s reach to maintain its position in U.S. streaming households. Google needs Disney’s content to keep sports fans engaged. While the blackout may eventually be resolved, the underlying tensions suggest future clashes are inevitable — a symptom of an industry struggling to adapt to its own transformation.

    Until then, millions of viewers remain on the sidelines, refreshing their apps and waiting for the next kickoff to return to their screens.

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  • Blackstone Secured Lending Stock: Q3 Earnings Support Continued Resilience (NYSE:BXSL) – Seeking Alpha

    1. Blackstone Secured Lending Stock: Q3 Earnings Support Continued Resilience (NYSE:BXSL)  Seeking Alpha
    2. Blackstone Secured Lending: Has The Era Of NAV And Dividend Growth Ended?  Seeking Alpha
    3. Blackstone Secured Lending Fund (BXSL) Reports Q3 Earnings: What Key Metrics Have to Say  Yahoo Finance
    4. Trustee’s Bold Move: Major Investment in Blackstone Secured Lending Fund  TipRanks
    5. Blackstone Secured Lending Fund to Issue Quarterly Dividend of $0.77 (NYSE:BXSL)  MarketBeat

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  • Alstom (ENXTPA:ALO) Valuation in Focus After Recent Share Price Gains

    Alstom (ENXTPA:ALO) Valuation in Focus After Recent Share Price Gains

    Alstom (ENXTPA:ALO) shares have shown some movement recently, with the stock delivering a 4% gain in the past day and 13% in the past week. Investors may be watching these changes for early signs of shifting momentum or trends in the stock’s valuation.

    See our latest analysis for Alstom.

    Alstom’s recent rally stands out against a backdrop of more modest moves earlier this year, with the 1-year total shareholder return at just over 4%. While fresh momentum is evident in the last week, this follows a tougher multi-year stretch for shareholders.

    If you’re curious to see what else is building momentum in industrials, it’s worth taking a look at the full lineup of auto manufacturers. See the full list for free.

    With Alstom’s shares rising and a recent uptick in revenue and net income, the question for investors is clear: is there real value left to uncover here, or has the market already priced in all the future growth?

    The consensus narrative’s fair value estimate of €23.06 is just under Alstom’s latest close at €23.69, suggesting little upside in the eyes of analysts right now. The story behind that estimate combines future growth drivers, operational improvements, and optimism around Alstom’s project pipeline, balanced by caution regarding legacy challenges.

    The company is conducting industrial restructuring to optimize its manufacturing setup, which aims to enhance operational efficiency and potentially improve net margins and earnings. Significant future opportunities lie in Alstom’s strong order pipeline, especially in Europe, the Middle East, and Asia Pacific, with €200 billion expected in orders over the next three years, which could enhance revenue.

    Read the complete narrative.

    What’s the quantitative backbone for this call on Alstom? Analysts have run the numbers on revenue trajectories, margin expansion, and some big earnings assumptions to frame their target. Wondering how bold their scenario is, and what key variable makes or breaks this price? Read the full narrative and uncover the forecast that drives this valuation.

    Result: Fair Value of €23.06 (OVERVALUED)

    Have a read of the narrative in full and understand what’s behind the forecasts.

    However, persistent supply chain issues and the weight of low-margin legacy contracts could quickly change the outlook for Alstom’s growth story.

    Find out about the key risks to this Alstom narrative.

    If you want to dig into the numbers yourself or have a different view on the future, you can quickly piece together your own story in just a few minutes using our tools. Do it your way.

    A good starting point is our analysis highlighting 2 key rewards investors are optimistic about regarding Alstom.

    Smart investors never limit their search. Expand your horizons and stay ahead by tapping into opportunities you won’t want to miss:

    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.

    Companies discussed in this article include ALO.PA.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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