SocGen lifts profit target as retail bank offsets trading drop | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]The logo of French bank Societe Generale is seen outside a bank building in Paris, France, April 25, 2025. REUTERS/Stephanie Lecocq/File Photo [Purchase Licensing Rights, opens new tab]- Companies- Summary- Plans new 1.46 bln-euro share buyback, dividend increase- CEO Krupa's four-year mandate renewed from 2027- Cost cuts, ...

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Group 1 - The Japanese automaker has announced that Chief Financial Officer Kenta Kon will become the new CEO [1]

Core Viewpoint - South Korean equities are experiencing a decline as investors are moving away from tech stocks, while Indonesian shares have dropped over 2% following a downgrade in the country's credit rating outlook by Moody's, impacting Southeast Asia's largest economy [1] Group 1: South Korean Market - South Korean equities have extended their declines, indicating a trend of retreat among investors from technology stocks [1] Group 2: Indonesian Market - Indonesian shares fell by more than 2% after Moody's downgraded the country's credit rating outlook, marking a significant setback for the economy [1]

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Core Viewpoint - Tesla is poised for significant growth in its robotaxi business, with CEO Elon Musk expressing optimism about the company's long-term future and the potential to dominate the robotaxi industry [1][2][4]. Group 1: Robotaxi Business Potential - Tesla's robotaxi service has already launched in Austin, Texas, and is expected to expand significantly across the U.S. by the end of this year [5]. - The company aims to compete with Alphabet's Waymo, which currently averages 450,000 paid rides per week, indicating a competitive landscape in the robotaxi market [5]. Group 2: Market Performance and Valuation - Tesla's current market capitalization stands at $1.3 trillion, with a gross margin of 18.03% and a trailing earnings multiple of 390, which is significantly higher than the S&P 500 average of 26 [6][7]. - The stock's price has fluctuated between $214.25 and $498.83 over the past year, reflecting its volatility and high valuation [7]. Group 3: Investor Sentiment and Caution - Investors are advised to be cautious regarding Musk's optimistic projections, as past predictions have sometimes fallen short [8]. - The anticipated widespread growth of the robotaxi business could serve as a catalyst for Tesla's stock this year, but a wait-and-see approach is recommended rather than immediate investment based on expectations [9].

Core Viewpoint - Toyota Motor has raised its full-year operating profit forecast, attributing this increase to expectations of a weak yen and effective cost reduction efforts [1] Group 1 - The company anticipates that the weak yen will positively impact its financial results [1] - Cost reduction initiatives are expected to further enhance profitability [1]

Core Insights - Toyota Motor's Chief Executive Koji Sato will step down and be replaced by Chief Financial Officer Kenta Kon [1] Company Leadership Changes - Koji Sato's resignation marks a significant leadership change for the world's largest automaker [1] - Kenta Kon, the current Chief Financial Officer, will take over the role of Chief Executive Officer [1]

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Core Viewpoint - Hims & Hers has introduced a weight-loss pill priced at $49 per month, which has created significant attention in the pharmaceutical industry, although the company's shares declined following the announcement [1] Company Summary - Hims & Hers launched a weight-loss pill with an introductory price of $49 per month, indicating a strategic move to penetrate the weight-loss market [1] - Despite the product launch generating buzz, the company's stock performance was negative, ending the day down [1] Industry Summary - The announcement of the weight-loss pill by Hims & Hers has sent shockwaves through the pharmaceutical industry, highlighting the competitive landscape in the weight-loss segment [1]