JSE-listed telecommunications specialist Huge Group plans to buy back its own shares, it said in a statement to investors on Wednesday.
Ka-ching! Naspers CEO Bob van Dijk just made a cool R1-billion through the sale of shares in the group. However, he intends to reinvest most of the proceeds back into the group in the form of bonds.
Tencent Holdings analysts, who have a history of being too bullish, have now been caught off guard by a rally that’s gathering pace in Asia’s biggest stock.
Alphabet shares rose 1.2% in pre-market trading on Thursday, following a flurry of positive analyst commentary on the Google parent’s 2020 prospects.
Apple’s price target was raised to $350 from $280 at Needham, which wrote that the iPhone maker had a number of tailwinds in 2020 that could help it extend last year’s strong rally.
Advanced Micro Devices shares rallied on Thursday, with the stock hitting an intraday record – the chip maker’s first such milestone in nearly two decades.
Apple shares surpassed $300 for the first time amid predictions for a robust holiday quarter, demand for wearables such as AirPods and planned services including streaming TV.
Apple is likely to continue outperforming its mega-cap tech peers next year, according to Loup Ventures, which wrote that the iPhone maker could chase its 80%-plus rally in 2019 with another 20% gain in 2020.
Apple shares rose on Thursday, hitting their latest in a series of record highs as the iPhone maker remained on track for its best annual performance in a decade.
After a dramatic year for technology group 4Sight Holdings, which ended in a boardroom coup, the JSE has lifted the suspension of trading in its shares.