Honda’s annual profits are strong despite the chip crisis – Business & Finance

TOKYO (Reuters) – Japanese auto giant Honda said on Friday its net profit rose 7.6% in the year to March, benefiting from strong motorcycle sales and a weaker yen .

The company also expects net profit to remain stable in the current fiscal year, even as the global shortage of microchips and virus-related supply chain disruption cause headaches for consumers. ‘automobile industry.

Honda said annual net profit rose 7.6% to 707 billion yen ($5.5 billion) in 2021-22 and issued a forecast of 710 billion yen in net profit for the year. until March 2023.

Last year, sales increased by 10.5%, he said, “mainly due to increased sales in the motorcycle and financial services businesses, as well as positive foreign currency conversion”.

But “despite shifting to a recovery trend, the economic environment surrounding the company, its consolidated subsidiaries and affiliates … remained challenging due to the impact of (the) shortage of semi-supply -drivers and rising raw material costs, among other factors.”

Honda said its factories in Japan and overseas had been forced to suspend or reduce production due to supply chain and personnel issues related to Covid-19. Toyota, the world’s top-selling automaker, also posted record full-year net profit this week, helped by strong sales and a cheaper yen.

The currency has touched 20-year lows against the dollar in recent weeks, inflating the value of Japanese automakers’ overseas earnings. Some analysts believe this will help them offset their current challenges.

In April, Honda announced it would invest nearly $40 billion in electric vehicle technology over the next decade as it strives to replace all sales with traditional fuel-powered cars.

Bored Ape sold for x1000 lower price by DailyCoin

Bored Ape sold for x1000 lower price

Not all bored monkeys bring wealth and joy. Some of them come with losses.

An interesting situation appeared this Sunday in the OpenSea market, where Bored Ape #6464 NFT was sold for 200 USDC or $200. Shortly after, the same NFT returned to the market, but with a much higher price of 200 ETH ($407.8K).

Ape #6462 was purchased for USDC 200.0 https://t.co/u3lQymdO1B

— boredapebot (@boredapebot) May 15, 2022

Bored Apes Yacht Club (BAYC) is one of the most famous and expensive NFT collections, with the average floor price of each NFT sitting at 101 ETH ($205,000) at the time of writing.

Despite this, Bored Ape #6462 ranks as the rarest 209 NFT in the entire 10,000 BAYC collection. He comes with a mix of the rarest BAYC attributes which include pizza, police motorcycle helmet and bone necklace.

And even last May, the same NFT was sold for no less than 2.4 ETH ($7.8,000) just days after it was minted.

Therefore, the unusually low price of Ape with such a rare bottom surprised the crypto community. Some of them offered the version of a fatal error when the seller accepted USDC instead of ETH. Meanwhile, another part of the crypto community suspected that the low value trade was not accidental and implemented in order to evade taxes.

Tax evasion 101. Both accounts have nothing in their wallet, offers accepted Within 3 minutes of signing up

— Jonathan (@Jon_Metavest) May 15, 2022

All Bored Ape NFTs are minted on the blockchain, which is a public, immutable network and all transaction history can be seen.

So, following Opensea records, we can see that Bored Ape #6462 has already been sold 2 times, for 2.14 ETH and 2.4 ETH respectively. Both transactions were made in May 2021. Since then, Bored Ape NFT has migrated between different NFT wallets, but with no money involved.

However, the latest wallet-to-wallet transfer appeared on Sunday, May 15. Just seconds after receiving the Bored Ape NFT, it was sold for an outrageous 200 USDC. The mysterious buyer registered on OpenSea just days before the sale. The unusual activity of the NFT seller and buyer raised suspicions of tax evasion attempts.

The IRS wants to collect taxes on NFTs

In 2021, the NFT market has skyrocketed to become an extremely trending market worth $44 billion. As a result, the United States Internal Revenue Service (IRS) has declared that NFTs could become vehicles for tax avoidance and thus established the rules that every collector of NFTs must report their NFT transactions for tax purposes.

Tax experts have agreed that profits generated from each NFT sold on the open market should be considered ordinary income and taxed at the ordinary income tax rate, which fluctuates between 10% and 37%. The same tax rate applies to fiat and digital currencies.

Continue reading on DailyCoin

Electric Motion is the first electric motorcycle brand to survive Scottish conditions at SSDT 2022 | thepack.news

Electric Motion riders Matthew Alpe (British importer at Inch Perfect Trials) and current e-trial world champion Gaël Chatagno wanted to demonstrate the enormous potential of their Epure electric motorcycles during the SSDT 2022. Their Epure were perfectly prepared for the various difficulties of the race, propelled by their Technical Director under the wise advice of Marc Colomer. With 2 motorcycles in the race and after six days with the same 2 motorcycles on the finish line, in perfect condition and without problems, Electric Motion has proven that its technology is certainly not inferior to traditional motorcycles in these difficult conditions.

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EM’s goal was to break into the top 20. Gael finished in 19th place and won the ‘top 50’ award, for your information Matthew finished in the top third of the standings.

Gael won:

  • the prize for the first non-Englishman, therefore the best Frenchman of the event
  • the first prize in the category “up to 200cm3”
  • the 3rd ranking of the best “new comer”

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Gael: “It was a great week and this legendary race was a great experience! I have heard of it since I was very young. It’s like a dream come true: 6 long days, with interzones sometimes at more than 180 km/day in the middle of the mythical Scottish moors (large wet fields). For the whole team, it’s like a small dream come true, seeing our work compete in a real natural environment like Scotland and its streams. The bike ran perfectly. Didier prepared the bike perfectly for this extreme race. Zero problem, we arrived on time every day whether it was me or Matthew Alpe, as well as his entire Inch Perfect Trials team who put me in the best conditions, to end the days as easily as possible, joining the race without worrying about logistics.

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A great week with a few days where things got a little tough like Thursday with lots of rain and a very long and difficult interzone. We have achieved our objective, that is to say to finish in the top 20 (19th), best foreign driver (and therefore 1st in France). I was also rewarded for my 1st place in the “up to 200 cm3” category, and also top 3 in the newcomers category.

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Both bikes ran perfectly, Matthew’s too. Using the PRB “R” was very important for recharging the battery on descents. When I was tired, I let the bike run at torque without holding the clutch. This is a great advantage with its motor skills, without being afraid of stalling.

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It was great teamwork, Matthew had experience in this race that I could learn from, he finished in the first third and that’s a great result. In terms of batteries, we had fairly tight logistics because we had to systematically recharge the batteries as soon as our assistance picked them up at the “petrol” supply point.

Harley-Davidson becomes India’s best-selling premium motorcycle brand

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Harley-Davidson has reported an increase in sales as it regains the top spot among premium motorcycles in India. The American manufacturer, which announced an unprecedented exit from India, followed by a re-entry alongside Hero MotoCorp in 2020, has since been on the road to renewal. Data provided by SIAM indicates that Harley-Davidson sold 601 motorcycles in fiscal year 2022, of which 531 units were sold in the 1,000cc and larger two-wheeler segment. The company saw 37% year-over-year growth. In comparison, only 206 units were sold in the same period last year.

Compared to other premium motorcycle brands, Harley outsold Triumph motorcycles which sold 336 units. Kawasaki sold 283 units, Suzuki sold 233 and Honda sold 71 in the 1000cc and larger motorcycle segment. Sales of the American brand come mainly from its new launches, the Pan America 1250 adventure tourer and the Sportster S cruiser and mark a revolution, both in terms of platform and segment for the manufacturer.

It should also be noted that much of Harley’s previous sales in India were driven by entry-level offerings such as the Street 750, Iron 883 and Forty-Eight, which are assembled locally.

Read all the latest IPL 2022 news, breaking news and live updates here.

Benelli will present the Keeway motorcycle brand in India tomorrow

Benelli has been in India for quite some time as one of the many premium motorcycle manufacturers. But the Italian motorcycle manufacturer is now gearing up to introduce its sibling to the country. Benelli will present Keeway in India tomorrow. Keeway, in case you don’t know, is a Hungarian motorcycle manufacturer owned by Qianjinag, a Chinese two-wheeler brand that also owns Benelli. Keeway is currently available in several international markets, including Europe, Thailand, Chile, Malaysia, Pakistan, etc. The motorcycle manufacturer’s range mainly consists of 125cc motorcycles in different body styles such as naked streetfighter, cruiser, biker, etc.

Given Keeway’s 125cc range of bikes, we expect it to help Benelli cater to customers looking for entry-level sportbikes. Benelli, India’s portfolio includes 250cc and 500cc motorcycles.

88386381 Keeway Superlight

Keeway’s global range includes 125cc motorcycles such as RKF 125cc E5 (a naked streetfighter) and Superlight 125 (a cruiser). However, we do not know with which bikes the Hungarian brand will enter the Indian two-wheeler market.

For reference, Keeway RKF has a 124cc liquid-cooled engine producing 12hp with 10Nm while the Superlight has a 124cc air-cooled unit to produce 10.45hp at 9000rpm and 10Nm of torque maximum. Both of these bikes come with a five-speed gearbox. Keeway RKF is likely to be a rival to the KTM 125 Duke and rides on inverted forks with monoshock. The Keeway Superlight, however, uses conventional forks with dual rear shocks.

Aston Martin V12 Speedster for sale

As the end draws near for combustion engine cars, we see what the final fossil fuel flourishes could look like. Aston Martin’s new V12 Vantage is a perfect example; the fact that this will be the last 12-cylinder Vantage will no doubt have helped convince some buyers that over a quarter of a million pounds was a price worth paying. It’s happening everywhere: Porsche put a GT3 engine in the Cayman, Lamborghini’s penultimate Huracan is rear-wheel drive and as powerful as a McLaren F1, BMW is making its first CSL in 20 years and Pagani has given itself worth developing an all-new 6.0-liter V12. While there’s still a chance manufacturers are going crazy with internal combustion – fantastic news.

Some have gone further in their celebration of gasoline power, exposing several hundred horsepower to the elements with supercar speedsters. How better to celebrate wonderful engines than without any protection from the outside? Anyone with experience of screenless sports cars from Caterham, Lotus and so on will tell you how much more visceral a real roadster is – so imagine the experience with three times the power. Ferrari made their Monzas, Bentley gave us the Bacalar, McLaren produced the Elva and Aston Martin entered the fray with the V12 Speedster.

The latter followed the pattern set by the Elva and the Monza, stripping a Vantage of a skeletal frame, then introducing a power-shedding load. In the case of the Speedster, that meant styling that echoed 2013’s CC100 concept – making the Vantage Roadster as visually exciting as an MX-5 in the process – and an engine from the DBS. All in 700hp. Without windshield or roof. Bonkers is just beginning to describe the V12 Speedster, but that was probably exactly the point – mid-decade cars like this probably won’t be viable.

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Nor was it a hastily cobbled together, after-hours special. When we drove the prototype V12 Speedster, the praise was reserved for the damping, traction and brakes. “Think of it like a muscled naked motorcycle and you pretty much get it: it can go fast, but only in small bursts. On roads with sharp turns and frequent enough to reduce speed, the lack of protection definitely increases the feeling of speed and the feeling of connection. The verdict was unequivocal: “The Speedster is absolutely crazy, but also extremely desirable.”

All 88s were announced fairly early, even with a price approaching £800,000, and that seemed to be the Speedster – notably with the impending V12 Vantage too. But here’s one for sale, number 57 of 88, a UK supplied car about as close to new as it gets, with just 14 miles on it. Aston’s F1 Green satin has arguably never looked better than here, especially when paired with Sahara Tan on the interior. Also note how the lime green accents on the outside are matched by similar highlights for the inside, and don’t forget to check out the carbon Stilo headsets tucked into the leather-lined boot. As a car to go, there’s not much that can touch a V12 Speedster.

The Aston is listed with POA; it seems unlikely (impossible, really) that this will be offered for less than that original £765,000 RRP, given the rarity and sensational spec. But if your collection of speedster supercars is missing the last piece, or the Aston Martin wallet calls for a showstopper – or you just need something to spend that £184million on – there can’t be much better than the V12 Speedster .

What price will the candidates pay to get out of the Pennsylvania primaries?

Pennsylvania’s Republican primary races for governor and U.S. Senate have been tough affairs, with infighting between fields crowded with GOP candidates and millions of dollars poured in to fund a barrage of attack ads.

On the Democratic side, Lt. Gov. John Fetterman has built a sizable lead in the polls in the party’s primary race for the U.S. Senate, but opponents have launched attacks that Republicans believe will adopt and use against him. Attorney General Josh Shapiro, unopposed in the Democratic primary race for governor, will come out of the primary relatively unscathed and without having to dip too deep into his campaign funds.

These different paths to party nominations could change the dynamics of the general election in the fall, experts say.

Veteran political consultant Christopher Nicholas said the infighting has helped less traditional candidates rise in the polls, but those candidates may find it harder to win in the general election, where attracting more moderate voters could be key to winning. victory because they “have opinions that are far outside the norm of their respective parties.

“It will make for a fun general election,” Nicholas said, “but the Democrats have to win independents, and on the Republican side, they have to bring in some Democrats.”

Millions of dollars were poured in and Pennsylvanians were bludgeoned by attack ads against two Republican Senate candidates: TV personality Dr. Mehmet Oz and former hedge fund CEO Dave McCormick. This created an opening for conservative commentator Kathy Barnette to rise in the polls, which, in turn, led Republican influencers such as former President Trump to criticize Barnette in the final week of the race.

The GOP governor’s primary had nine candidates until the final days of the campaign, when State Senator Jake Corman and former U.S. Representative Melissa Hart dropped out and threw their support behind former U.S. Representative Lou Barletta of Hazelton.

The crowded field led to the challengers feuding among themselves, with GOP leaders staying largely out of the fray. Experts said it gave far-right candidate Doug Mastriano a path to establish a lead in the polls, followed by Barletta, former U.S. Attorney Bill McSwain and former Delaware County Councilman David White.

In-party attacks come in a cycle with a lot at stake for both sides. The outcome of Pennsylvania’s U.S. Senate race could determine who controls the upper house in 2023. And Republicans have a rare opportunity for a trifecta in state government if they secure the governor’s mansion.

Usually, in such important races, the hard knocks are reserved for the general election campaign, as the parties want to avoid hurting a candidate they will have to support in the fall.

As such, this contentious primary has political and campaign pundits agreeing that a general election is going to be a tougher lift, especially among Republicans.

“It’s a good strategy in a midterm primary but a bad strategy in a general election,” said Alison Dagnes, professor of political science at the University of Shippensburg. “It works great with the base but not when you’re trying to get 50% plus one vote you need overall.”

GOP race for the US Senate

Ad tracker Medium Buying said the Republican Senate primary drew more than $53 million in TV and radio ads. Most of these ads were from Oz and McCormick, with Oz trying to link McCormick to investments his former hedge fund made in China and McCormick trying to paint Oz as a fake conservative who supports abortion and gun restrictions. fire.

Those attacks hurt two candidates who otherwise look like general election candidates and advanced the idea that McCormick and Oz are superficial, Dagnes said.

“Nobody believes Dave McCormick rides a motorcycle,” Dagnes said, referring to one of McCormick’s commercials. “It feels inauthentic, and Oz also feels inauthentic.”

As these two candidates criticize each other, Dagnes said, it has created a vacuum for Barnette to rise in the polls. A Trafalgar Group poll released last week had Barnette at 23%, just behind Oz at 25% and ahead of McCormick at 22%. The poll’s margin of error was 3%.

Barnette’s push led many in the GOP, including Trump, to try to discredit her. Barnette’s background was largely ignored during the race, but his push has resurrected some of his past statements, including homophobic tweets and past criticism of Trump when he was a presidential candidate in 2016.

Trump released a statement on Thursday saying Barnette “can never win a general election” and that Oz has the best chance of winning in the fall.

Duquesne University political science professor Lew Irwin said authenticity is what Republican primary voters are looking for, but in a general election, a cross-call is needed.

He said suburban voters in Allegheny County and Philadelphia are the ones who will decide the election because, numerically, that’s where the most voters live. Although Allegheny County reliably voted Democratic, it provided more votes for Trump in 2020 than any county in the state.

“The problem for the candidates is appealing to those suburban Republican voters who are going to decide the outcome in the fall,” Irwin said.

GOP gubernatorial race

Another potential issue for Republicans plays out in the GOP race for governor, though it has garnered less attention than the high-profile Senate race.

With less attention, there was less involvement from Republican leaders and the field remained crowded. Dagnes said the more traditional Republican candidates in the field had split support, bolstering support for the most far-right candidate in the field, Mastriano, a state senator from Franklin County. Some have criticized Mastriano for his ties to far-right groups affiliated with the QAnon conspiracy theory, and he was subpoenaed by Congress in connection with the Jan. 6 riot on Capitol Hill.

Irwin said whichever GOP candidate emerges from the primary will likely have to move to the center on some issues to appeal to swing voters.

Dagnes said it would be more difficult for more conservative candidates such as Mastriano and Barnette to move to the center because it could chill support from hardline conservatives and appear inauthentic among the suburban moderates they are trying to win over.

“It is possible that two of the more extreme candidates will win, Mastriano and Barnette, and the pivot to the middle is not going to come easily by these two candidates,” she said.

Democratic Races

Fetterman led throughout the Democratic Senate race, despite multiple attacks from his two main opponents, U.S. Representative Conor Lamb of Mount Lebanon and Philadelphia State Representative Malcolm Kenyatta.

Both criticized an episode in which Fetterman, shotgun in hand, confronted a black jogger he suspected of being involved in nearby shootings. Lamb also tried to make Fetterman a socialist.

Irwin said the attacks haven’t gained much traction in the Democratic race. The latest Franklin & Marshall College poll has Fetterman, the former mayor of Braddock, up 39 percentage points. Fetterman appears to have capitalized on his successful run for lieutenant governor in 2018 and used the office to gain exposure among voters, Irwin said.

Fetterman has also raised the most money and spent by far the most on ads of any Democratic candidate.

If Fetterman wins the Democratic nomination, Irwin expects Republicans to attack him and try to label him a socialist or too liberal for Pennsylvania. The effectiveness of this approach depends on who the GOP nominee is, he said.

If the GOP nominee can’t genuinely move to the center and focus the race on inflation, gas prices and a return to post-pandemic normalcy, instead of voter fraud allegations, then Fetterman will likely benefit, Irwin said.

“The real battleground is for the 5% to 10% of the electorate who can really go either way,” Irwin said.

Meanwhile, Shapiro, the Democratic gubernatorial candidate, was unopposed in the primary, allowing him to stay focused on many of the general election-related topics Irwin mentioned.

Dagnes said Shapiro’s vulnerability depends on who the GOP nominee is because he has yet to face many attacks. She said a candidate like Barletta, seen as more moderate than Mastriano, could cause her more problems in a general election.

Shapiro seems to think the same way. Last week he published a announcement essentially stimulating Mastriano comparing him to Trump. The ad highlights Mastriano’s role in drafting a “heartbeat bill” that seeks to ban abortions after about six weeks after conception. He claims Mastriano would also ban abortion, saying Mastriano “wants to end mail-in voting and he led the fight to audit the 2020 election.”

The announcement ends with: “If Mastriano wins, it’s a victory for what Donald Trump stands for.”

Ryan Deto is a staff writer for Tribune-Review. You can contact Ryan by email at [email protected] or via Twitter .

Scout, the new Volkswagen brand of electric pickups and SUVs in the United States

Volkswagen, like almost all automakers, is fully committed to electrification. And that plan, he recently confirmed, includes the creation of a new independent brand through which it will sell a family of all-electric products in the United States. They will be ready in 2026.

Also read: Volkswagen to invest $250 million in Argentina

The brand It will be called Scout and the first models will be an SUV and a pick-up. The company gave this information and published the first official sketch which gives an idea of ​​what these products will look like, although it is really too early to have more details.

The new Scout brand will also have an electric SUV.

The important thing is that it is thus confirmed that the German brand, at least in the USA, will have a direct competitor for the electric “apartments” of Ford, Chevy and Tesla, among others. As for the SUV, it will be a major competitor for the new Ford Bronco, in the different versions marketed, and for the emblematic Jeep Wrangler.

From the automaker, they pointed out that the Scout models will be independent from the rest of the VW range and that the first prototypes will be ready Next year.

In Argentina, Amarok update

volkswagen announced last week that it will invest $250 million in Argentina to manufacture Ducati motorcycles, nationalize auto parts and update amarok. As is often the case, the projections that imagine what the final design of the pick-up could look like soon appeared.

The Brazilian portal KDesing was encouraged to draw the design of the Amarok 2023 in its V6 version (it’s the most powerful in the range) and gave it new alloy wheels, slight changes to the bumper and end-to-end LED optics in the front, among other details.

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Volkswagen Amarok 2023. Projection: KDesign.

The German brand has not unveiled images of the future Amarok. For now, Pablo Di Si, the president of VW in South America, anticipated: “We will modernize it, update it and add more technology to it so that it can be sold in Argentina and other Latin American markets”.

The situation is the Amarok is special: Globally, a new generation has been presented which will be manufactured by Ford following an alliance with Volkswagen. However, the Argentinian subsidiary did not want to cede the production of the pick-up to its American rival and this agreement will not have an impact on the national industry.

It’s like that, there will be no new generation of the Argentinian Amarok. The apartment will simply undergo an aesthetic overhaul and equipment to remain as competitive as possible in an increasingly modern segment.

Volkswagen has not commented on the subject, but there are strong rumors that the Amarok will be discontinued at Pacheco from 2025 to make way for the Tarok, a compact pickup currently in the prototype phase and which will would compete in the Fiat segment. Bull and Ford Maverick.

The Amarok is a mid-size pickup that competes in the segment with the Toyota Hilux, Ford Ranger, Chevrolet S10, Nissan Frontier, Renault Alaskan, and Mitsubishi L200, among other models.

5 Low Price-to-Book Stocks to Buy for Great Yields – May 13, 2022

Price over earnings (P/E) and price over sale (P/S) are the first ratios that come to an investor’s mind when finding stocks that are undervalued. The price-to-book ratio (P/B ratio), while underestimated, is also an easy-to-use valuation tool for identifying low-priced stocks with excellent returns.

The P/B ratio is calculated as follows:

P/B ratio = market capitalization / book value of equity

Now let’s understand the concept of book value.

The P/B ratio helps identify low-priced stocks that have high growth prospects. Signet Jewelers Limited (GIS – free report), Vishay Intertechnology (VSH – free report), Group 1 Automotive (PGI – free report), Harley-Davidson (PORK – free report) and TD SYNNEX Corporation (SNX – Free Report) are some of those choices.

Now let’s understand the concept of book value.

What is the book value?

Book value is the total value that would remain, according to the company’s balance sheet, if it went bankrupt immediately. In other words, it’s what shareholders would theoretically receive if a company liquidated all of its assets after settling all of its liabilities.

It is calculated by subtracting the total liabilities from the total assets of a business. In most cases, this equates to common shareholders’ equity on the balance sheet. However, according to the company’s balance sheet, intangible assets must also be subtracted from total assets to determine book value.

Understanding the P/B ratio

By comparing the book value of equity to its market price, we get an idea if a company is undervalued or overvalued. However, like the P/E or P/S ratio, it is always best to compare P/B ratios within industries.

An AP/B ratio of less than one means the stock is trading at a price below its book value, or the stock is undervalued and therefore a good buy. Conversely, a stock with a ratio greater than one can be interpreted as being overvalued or relatively expensive.

For example, a stock with a P/B ratio of 2 means we pay $2 for every $1 of book value. Thus, the higher the P/B, the more expensive the stock.

But there is a caveat. An AP/B ratio of less than one can also mean that the company is getting low or even negative returns on its assets or that the assets are overvalued, in which case the stock should be avoided as it can destroy shareholder value. Conversely, the price of the stock may be significantly high – thereby pushing the P/B ratio to more than one – in the likely event that it has become a buyout target, reason enough to hold the stock. .

Moreover, the P/B ratio is not without limits. It is useful for businesses – like finance, investments, insurance and banking or manufacturing companies – with many liquid/tangible assets on the books. However, this can be misleading for companies with large R&D expenses, high debt, service companies, or those with negative earnings.

In any case, the ratio is not particularly relevant as a stand-alone number. Other ratios such as P/E, P/S and debt/equity should be analyzed before making a reasonable investment decision.

Screening Parameters

Price to Book (common Equity) below the X-Industry median: A lower P/B relative to the industry average implies that there is enough room for the stock to win.

Selling price below median X-Industry: The P/S ratio determines how much the market values ​​each dollar of the company’s sales/revenue – a lower ratio than the industry makes the stock attractive.

Price/earnings ratio using F(1) estimate below industry median X: The P/E (F1) ratio values ​​a company based on its current share price relative to its estimated earnings per share – a lower ratio than the industry is considered better.

PEG less than 1: The PEG relates the P/E ratio to the future growth rate of the company. The PEG ratio gives a more complete picture than the P/E ratio. A value below 1 indicates the stock is undervalued and investors should pay less for a stock that offers good earnings growth prospects.

Current price greater than or equal to $5: They must all trade at a minimum of $5 or more.

Average volume over 20 days greater than or equal to 100,000: Substantial trading volume ensures that the stock is easily tradable.

Zacks rating less than or equal to #2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform regardless of the market environment.

Value Score of A or B: Our research shows that stocks with a Value Score of A or B, when combined with a Zacks #1 or 2 ranking, offer the best opportunities in the investment space valuable.

Here are our five picks from the 21 stocks that qualified for the selection:

Bookmark Jewelers is a retailer of diamond jewelry, watches and other products.

Signet Jewelers forecasts an EPS growth rate of 8% over 3-5 years. Signet Jewelers currently has a Zacks Rank #2 and a Value Score of A. You can see the full list of today’s Zacks Rank #1 stocks here.

Vishay Intertechnology is a global manufacturer and supplier of semiconductors and passive components. Vishay Intertechnology is benefiting from its strength in its resistor, diode, MOSFET, capacitor, inductor and optic product lines, as well as expanding manufacturing capabilities.

Vishay Intertechnology forecasts an EPS growth rate of 22.7% over 3 to 5 years. Vishay Intertechnology currently has a Zacks rank #1 and a value score of A.

Group 1 Automotive is a leader in automobile distribution. Through its dealerships, the company sells new and used cars and light trucks. In addition to the sale of new and used vehicles, Group 1 Automotive offers vehicle financing, insurance and service contracts.

Group 1 Automotive has an expected EPS growth rate of 10.7% over 3 to 5 years. GPI currently has a Zacks rank #2 and a value score of A.

Harley-Davidson is one of the world’s leading motorcycle manufacturers. It is the parent entity of the groups of companies doing business as Harley-Davidson Motor Company and Harley-Davidson Financial Services.

Harley-Davidson has forecast an EPS growth rate of 9.2% over 3 to 5 years. HOG currently has a Zacks rank #2 and a value score of A.

TD SYNNEX is a leading business process services company. The company was previously known as SYNNEX Corporation. But it changed its name to TD SYNNEX in September 2021, following its merger with Tech Data Corporation.

TD SYNNEX forecasts an EPS growth rate of 10.4% over 3 to 5 years. SNX currently has a Zacks rank #2 and a value score of B.

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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in the options mentioned herein. An affiliated investment adviser may hold or have shorted securities and/or hold long and/or short positions in options mentioned herein.

Disclosure: Information on the performance of Zacks portfolios and strategies is available at: https://www.zacks.com/performance

Eicher Motors Q4 net up 16pc to Rs 610cr

Eicher Motors said on Friday that its consolidated net profit after tax rose 16% to Rs 610 crore for the fourth quarter ended March 31, 2022.

The company had reported a net profit after tax of Rs 526 crore in the January-March quarter of the 2020-21 financial year.

Total revenue from operations reached Rs 3,193 crore in the fourth quarter, compared to Rs 2,940 crore in the same period of FY21, Eicher Motors said in a regulatory filing.

For the financial year ended 31 March 2022, the company posted a consolidated net profit after tax of Rs 1,677 crore compared to Rs 1,347 crore in the financial year 2020-21.

Total revenue from operations reached Rs 10,298 crore in the last fiscal year from Rs 8,720 crore in FY21.

This is the highest revenue ever for the company in the fourth quarter as well as for the full fiscal year, he added.

The company said its board had approved a dividend of Rs 21 per share of par value Re 1 each for 2021-22.

Royal Enfield, the company’s two-wheeler arm, sold 1,82,125 motorcycles in the fourth quarter, down 10% from 2,03,343 units sold a year ago.

In 2021-22, Royal Enfield recorded motorcycle sales of 5,95,474, down 2% from 6,09,403 units in 2020-21. VECV, the company’s joint venture with Volvo Group, reported operating income of Rs 12,724 crore last fiscal year, compared to Rs 8,676 crore in FY21. Profit after tax rose at Rs 111 crore against Rs 57 crore last year.

VECV recorded sales of 57,077 vehicles for 2021-2022, marking a growth of 38% compared to 41,268 units in 2020-21.

“The past year has been very significant for Eicher Motors as we have made significant progress towards our long-term strategic business vision,” noted Eicher Motors Managing Director Siddhartha Lal.

Over the past eight years, the company has made a concerted effort to become a leading global player, focusing on some of the world’s most challenging motorcycle markets, with the ambition to sustainably grow its presence and business. abroad, he added.

“During this year, our growth story in international markets has shown outstanding performance with over 100% year-over-year growth as we continue to deliver sustained results in the domestic market,” Lal said.

At VECV, the company’s performance is extremely encouraging, he added.

Royal Enfield CEO B Govindarajan noted that despite continuing challenges on the supply front and COVID-induced disruptions over the past year, the two-wheeler manufacturer has made remarkable progress when it comes to the long-term strategic vision.

“As we move forward, we remain focused on creating products and delivering experiences that stay true to our philosophy of pure motorcycling. As the supply chain settles down and the market begins to get dynamic, we are ready to accelerate and grow Royal Enfield to new heights,” he added.

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