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Asia Stocks to Watch News and commentary about the Asian stocks you need to know about today Search Asia Stocks to Watch2 April 12, 2017, 11:54 P.M. Photographer: Dario Pignatelli/Bloomberg That performance hasnt been matched by earnings, which this week slumped to their lowest since the Italian luxury firm went public on Hong Kongs stock exchange six years ago. Net income was down 16% to EUR278 million for its 2016 financial year, while net revenues fell 10% year-on-year. Pradas been troubled in recent years by slowing spending in Asian markets like Hong Kong and China, and this showed little sign of abating, with Asian sales down 14% in the year. Some analysts reckon a turnaround is on the cards for Prada. BNP Paribass Boyoung Kim this week double-upgraded the stock from Reduce to Buy, almost doubling her price target to HKD38.59 in the process. So whys the stock back in fashion with Kim? She says double-digit growth in same-store sales in China in January suggests Pradas turned a corner. She also likes some of the companys new lines of products and inroads into selling more bags online.
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Labour leader Jeremy Corbyn said the Easter message of peace "could not have more urgency throughout the world". Christian values Mrs May, who is a vicar's daughter, said that shared values "can and must bring us together" following the UK's vote to leave the EU by 52% to 48% in June 2016. "This year, after a period of intense debate over the right future for our country, there is a sense that people are coming together and uniting behind the opportunities that lie ahead," she said. Mrs May, who recently criticised a decision to drop the word Easter from the name of an annual egg hunt, also spoke of her Christian upbringing in a village vicarage. She said she learned "compassion, community and citizenship" but that they are values we "all hold in common". "These are values that are visibly lived out every day by Christians as well as by people of other faiths or none," she said. Her comments echo those of predecessor David Cameron, who used last year's Easter message to say the country must "stand together" and defend Christian values. Media playback is unsupported on your device Media captionCorbyn: It would be easy to retreat into our private lives Mrs May also used her message to highlight believers in other countries who "practise their religion in secret and often in fear". She said the UK has a "strong tradition" of religious tolerance and freedom of speech. "We must be mindful of Christians and religious minorities around the world who do not enjoy these same freedoms," she said. "We must do more to stand up for the freedom of people of all religions to practise their beliefs openly and in peace and safety." 'Nostalgic nationalists' Mr Corbyn said Christians throughout the world would be remembering "Jesus' example of love and sacrifice, and the Easter message of redemption and peace".
Please use a supported version for the best MSN experience. Handal Resources unit bags three-year ExxonMobil contract The Star Online 2 days ago Provided by The Star Online KUALA LUMPUR: Handal Resources Bhds subsidiary, Handal Offshore Services Sdn Bhd (HOSSB), has secured a three-year contract for crane maintenance services from ExxonMobil Exploration and Production Malaysia Inc. The contract works would begin this month and end on April 2020, with an option for a one-year extension, said the integrated offshore crane services provider and fabricator in a filing with Bursa Malaysia on Thursday. The contract will contribute positively to the groups performance for the financial year ending Dec 31, 2017. This demonstrates our capabilities in securing contracts and projects during this challenging time in the oil and gas industry, it added. Last month, Handal secured a RM2.3mil contract to provide similar crane maintenance services to SapuraKencana Energys production operations. The company added it would continuously look at replenishing its current orderbook. - Bernama
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