Mexico’s America Movil and Chile’s Entel are working on a joint bid for Telefonica’s Chile unit, sources say https://t.co/q4PPEnv78w ...

Core Insights - Blue-chip stocks are recognized for their strong performance and consistent dividend payments, providing a reliable source of passive income for investors [1] - Several blue-chip companies have announced additional dividends, enhancing their appeal to investors seeking income [2] DBS Group (SGX: D05) - DBS Group, Singapore's largest bank, reported a total income of S$11.6 billion for 1H 2025, a 5% increase year on year, driven by a 3.2% rise in net interest income [3] - Net profit decreased by 1% year on year to S$5.7 billion due to a 15% global minimum tax rate, but total income and profit before tax reached record levels for 1H 2025 [4] - The bank declared a core interim dividend of S$0.60 and a capital return dividend of S$0.15, totaling S$0.75, which is nearly 39% higher than the S$0.54 paid out the previous year [4][5] DFI Retail Group (SGX: D01) - DFI Retail Group reported flat revenue of US$4.4 billion for 1H 2025, while underlying net profit surged by 39% year on year to US$105 million [6] - The group declared a special dividend of US$0.443 per share, its first in 18 years, resulting from the divestment of its Singapore food business and a minority stake in Robinsons Retail [7] - The retailer raised its underlying profit guidance to between US$250 million and US$270 million, indicating positive outlook for its core business [7] Singtel (SGX: Z74) - Singtel reported stable operating revenue of S$14.1 billion for FY2025, with underlying net profit increasing by 9% year on year to S$2.5 billion [8] - The company achieved cumulative savings of around S$400 million by FY2025, targeting S$600 million by the end of FY2026 [9] - Singtel declared a core final dividend of S$0.067 and a value realisation dividend of S$0.033, totaling S$0.10, marking a 13% increase from the previous fiscal year's dividend [9][10] Venture Corporation Limited (SGX: V03) - Venture Corporation reported a revenue decline of 8.8% year on year to S$1.26 billion for 1H 2025, with net profit falling by 8.6% to S$113 million [12] - The company declared an interim dividend of S$0.25 and a special dividend of S$0.05, bringing the total dividend for 1H 2025 to S$0.30, higher than the previous year's S$0.25 [13] - Management expressed optimism about future business opportunities despite current volatility [14]

Core Insights - Verizon is the official telecommunications sponsor for FIFA World Cup 26™, offering customers thousands of free tickets and unique experiences [1][2][4] - The campaign features David Beckham and aims to enhance fan engagement through special events and giveaways [1][3][4] Group 1: Customer Engagement and Promotions - Verizon will provide thousands of free tickets to the FIFA World Cup 26™, with ticket drops starting on October 2, 2025, available on a first-come, first-served basis through the My Verizon app [4] - Customers will have the chance to win "Golden Tickets" for pitchside access during the tournament, with a sweepstakes launching in November [5] - The campaign includes collaborations with soccer stars and various promotional events leading up to the tournament [2][4] Group 2: Technological Commitment - Verizon's 5G network will support the connectivity infrastructure for the FIFA World Cup 26™, enhancing fan experiences and operational excellence at tournament venues [6] - The company has a history of investing in soccer in the U.S., partnering with various leagues and clubs to promote the sport [8] Group 3: Market Position and Financials - Verizon generated revenues of $134.8 billion in 2024, showcasing its strong market position and commitment to innovation [10]

Group 1 - The core viewpoint of the article highlights the focus on whether to hold stocks or cash during the upcoming National Day and Mid-Autumn Festival, with an emphasis on the potential for a positive market performance post-holiday [2] - Historical data over the past decade indicates that the market tends to perform positively after the holidays, with a 70% probability of the Shanghai Composite Index and Shenzhen Component Index rising on the first trading day after the National Day [2] - The probability of market increases over the first five trading days post-holiday is 60% for the Shanghai Composite Index and 70% for the Shenzhen Component Index [2] Group 2 - Industries expected to perform well after the National Day include computer, communication, and electronics, with banks, non-bank financials, and automotive sectors also showing high probabilities of increases in the two weeks and one month following the holiday [2]

Core Points - The National Advertising Division (NAD) upheld AT&T's "AT&T Guarantee" for internet and wireless connectivity outages in response to a challenge from Charter Communications [1] - NAD recommended modifications to other claims related to the "AT&T Guarantee" found on AT&T's website and in March Madness commercials [2] Summary by Sections Knowing You Exist Commercials - The commercials feature life situations that are "not guaranteed" and introduce the AT&T guarantee, emphasizing connectivity, deals, and service [3] - NAD concluded that consumers are unlikely to interpret the guarantee as covering all outages, understanding that "making it right" pertains only to covered outages [4] March Madness Commercials - Charter challenged a series of commercials aired during NCAA March Madness, which set up a contrast between "not guaranteed" situations and the AT&T guarantee [5] - The commercials suggest that outages will be fixed quickly and that customers will receive compensation, with claims of "NETWORK INTERRUPTIONS FIXED FAST" and "GET A FULL DAY OF CREDIT" [6] Disclosure Issues - NAD found that the existing disclosure of material limitations to the guarantee was not clear and conspicuous due to its small font and busy visuals [7] - The guarantee's promise of quick fixes is not supported, as outages must last at least 20 or 60 minutes to qualify for compensation, which could be disruptive [8] Recommendations for AT&T - NAD recommended that AT&T clearly disclose the limitations of the guarantee and modify advertising to avoid misleading messages about fixing all outages quickly [9][12] - The first reference to the AT&T guarantee on the website was found to lack accompanying disclosures, leading to recommendations for clearer communication [11] First and Only Claims - NAD determined that AT&T's claims of being the "first and only carrier" to provide guarantees for wireless and fiber networks were unsubstantiated [13] - AT&T did not provide evidence to support these claims, and NAD recommended discontinuation of such statements [14]

Group 1: Montrose Environmental Group (MEG) - Montrose Environmental Group provides environmental services primarily in the United States and has a Zacks Rank of 1 (Strong Buy) [1] - The Zacks Consensus Estimate for its current year earnings has increased by 103.03% over the last 60 days [1] - The company has a PEG ratio of 1.22, significantly lower than the industry average of 5.09, and possesses a Growth Score of A [2] Group 2: Great Lakes Dredge & Dock (GLDD) - Great Lakes Dredge & Dock is the largest provider of dredging services in the US, focusing on maintaining and deepening shipping channels, land reclamation, and storm damage restoration [2] - The company also carries a Zacks Rank of 1 and has seen a 6.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Great Lakes Dredge & Dock has a PEG ratio of 0.99 compared to the industry average of 5.07, and it has a Growth Score of B [3] Group 3: KT (KT) - KT provides a range of telecommunication services, including mobile telecommunications, telephone services, fixed-line, and VoIP [3] - The company holds a Zacks Rank of 1 and has experienced a 5.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3] - KT has a PEG ratio of 0.14, which is lower than the industry average of 0.20, and it has a Growth Score of B [4]

Group 1 - Globe Telecom, Inc. has closed a term loan facility of P5 billion with Bank of Commerce to support capital expenditures and debt refinancing [1] - The loan will be utilized for capital expenditures (CAPEX), debt refinancing, and other general corporate requirements [1] - Globe's capex guidance for the full year 2025 is below $1 billion, indicating ongoing investments to enhance its network and meet the demand for digital services [2]

Company Overview - The company is a premier digital infrastructure solutions provider operating across all 50 states [1] - It specializes in engineering, construction, service, and maintenance of both wireline and wireless telecommunication services [1] - The company is increasingly focusing on connecting the grid nationwide through long-haul and middle mile networks, particularly for hyperscalers [1] Industry Context - The telecommunications space is currently very busy, indicating a high level of activity and demand within the industry [1]

Summary of MSCI China 2Q25 Earnings Review Industry Overview - The report focuses on the **MSCI China** and **A-shares** performance during the second quarter of 2025 (2Q25) - It highlights the earnings results of various sectors within the Chinese equity market Key Findings MSCI China Performance - **Earnings Results**: MSCI China reported earnings in line with consensus forecasts, with a weighted surprise of **+2.7%** and a miss by number of companies of **-2.7%** [2][26] - **Comparison to 1Q25**: The results showed a similar trend to 1Q25, which had a miss of **-3.8%** by number of companies and a weighted surprise of **+3.1%** [2][26] A-Shares Performance - **Earnings Results**: A-shares missed consensus forecasts by number of companies by **-13.8%**, but were in line by weighted surprise at **+0.2%** [3][26] - **Comparison to 1Q25**: This represents a softening compared to 1Q25, which had a miss of **-4.8%** by number of companies and a weighted surprise of **+3.3%** [3][26] Revenue Performance - **MSCI China and A-shares**: Both indices missed consensus revenue estimates by number of companies but posted in-line results by weighted surprise [4][44] - **Cost Control**: The better revenue trends were attributed to improved cost-control measures and self-help strategies [4] Sector Performance - **Strong Performers**: - **Communication Services** and **Financials** led with solid earnings beats [5][26] - **Pharma & Biotech** and **Materials** saw strong returns with earnings upgrades, with gains above **20%** [6] - **Weak Performers**: - **Onshore Real Estate** and **Utilities** posted net earnings misses by both weighted surprise and number of companies [5] Market Returns - **Overall Returns**: MSCI China delivered a **13%** return from end-June to September 9, while MSCI China A onshore gained **15%** [6][18] - **Sector Returns**: Notable sectors with returns above **20%** included Consumer Staples Retailing, Pharma & Biotech, and Semiconductors [15][18] Earnings Revisions - **Upward Revisions**: Sectors such as **Pharma & Biotech**, **Materials**, and **Tech** saw upward revisions to 2025 consensus EPS estimates [6][16] - **Downward Revisions**: The **Semiconductors** sector experienced downward earnings revisions [6][16] Notable Contributors - **Key Contributors to Earnings Beats**: - **Communication Services**: Mango Excellent Media and Giant Network [28] - **Consumer Discretionary**: PDD, XPENG, and TCOM [28] - **Financials**: BOC and CCB [28] - **Key Drags on Earnings**: - **Consumer Staples**: China Feihe, China Mengniu, and Yanghe Brewery [28] - **Energy**: ShaanXi Coal and Yankuang Energy [28] Revenue Surprises - **Aggregate Revenue Miss**: Reported revenue missed consensus by number of companies by **-12.5%**, an improvement from **-16.6%** in 1Q25 [45] - **Sector-Level Revenue Beats**: Only **Communication Services** and **Real Estate** posted beats by number of companies [45] Conclusion - The earnings season for 2Q25 showed mixed results across sectors, with some outperforming expectations while others fell short. The overall market demonstrated resilience with positive returns, but challenges remain in specific sectors, particularly in revenue generation.

Group 1 - The analyst has a long position in Comcast (CMCSA) and Disney (DIS) shares, indicating a bullish outlook on these companies [2] - The analyst's investment approach is primarily value-oriented, focusing on long-term opportunities and risks rather than short- to mid-term timing [1] - The analyst emphasizes the importance of written analysis and data over simple rating systems, which may not account for different time horizons or investment strategies [1] Group 2 - The analyst initiated coverage on Comcast with a Buy rating at the end of the previous year, although the position is currently in the red [1] - The analyst has over five years of experience in finance, including roles in consulting, audit, valuation, FP&A, and financial writing [1] - The article aims to inform readers rather than make specific investment decisions, highlighting the analyst's independent perspective [2][3]