Whirlpool Shares Hit 20% Lower Circuit After Parent Company Announced Stake Sale

On January 30, 2025, Whirlpool shares fell sharply, hitting the lower circuit limit of 20%, dropping to ₹1,262.15 after opening at ₹1,273.95. This significant decline in Whirlpool shares came following an announcement by Whirlpool Corporation, the parent company of Whirlpool of India Ltd., that it plans to reduce its ownership stake in the Indian subsidiary from the current 51% to as low as 20% by mid-to-late 2025.

Parent Company’s Plans to Sell Down Stake

Whirlpool Corporation has stated that it expects to remain the largest shareholder of Whirlpool India after the anticipated stake reduction. This move is part of the company’s ongoing strategy to adjust its investment in the Indian market.

This announcement came alongside Whirlpool Corporation’s quarterly earnings release, nearly one year after it sold a 24% stake in Whirlpool India on February 20, 2024. The 24% stake was valued at ₹4,039 crore, with shares exchanging hands at an average price of ₹1,280 per share. With the current 20% drop, Whirlpool India shares are now trading below this level.

Previous Stake Sale and Stock Performance

Whirlpool Corporation’s decision to sell a portion of its stake in 2024 was driven by the higher valuations of Whirlpool India at that time. CEO Marc Bitzer expressed confidence in the long-term prospects of the Indian market despite the reduction in ownership.

Following that sale, Whirlpool India’s stock surged by 91% over the next eight months, reaching a high of ₹2,449 on October 22, 2024. However, since then, the stock has corrected by 36%, closing at a significantly lower level as of January 29, 2025.

“Whirlpool India will remain a relevant part of Whirlpool Corporation’s portfolio, and we continue to believe Whirlpool India has a strong long-term trajectory for growth. We intend the anticipated sell-down to result in autonomy for Whirlpool India to adjust to the ever-evolving industry conditions, enabling Whirlpool India to focus on accelerated growth and utilise its well-funded business to invest further in the business,” Whirlpool Corp’s statement said.

Furthermore, Whirlpool Corporation assured that brand license and technology agreements, along with transition commitments, would continue to support Whirlpool India’s operations and long-term business expansion.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

SEBI Prohibited Registered Intermediaries to Share Client Details with Unauthorised Advisors

SEBI-registered intermediaries are prohibited from making or receiving payments, or sharing client information with individuals or entities involved in providing unauthorised advice or making unapproved claims about returns, the regulator clarified on Wednesday, January 29, 2025.

SEBI explained in a detailed set of frequently asked questions (FAQs) that sharing client information is considered similar to “referring a client.” Therefore, any payment transactions, client referrals, or exchange of information with such individuals or entities would constitute an “association” under the regulations, which is not permitted.

The term “association” encompasses any monetary transactions, client referrals, sharing of information between systems, or any similar type of relationship.

However, SEBI noted that regulated persons and their agents are allowed to engage with others for branding, marketing, or promotional purposes, as long as the other party is not involved in prohibited activities, such as providing unauthorized advice or making unapproved return claims.

On August 29, SEBI updated the Securities and Exchange Board of India (Intermediaries) Regulations, 2024, along with related rules. These updates stipulate that SEBI-regulated entities like stock exchanges, clearing corporations, depositories, and their agents must not have any direct or indirect associations with individuals or entities that provide securities advice or recommendations without SEBI approval, or make claims about guaranteed returns or performance unless approved by the regulator.

To assist regulated entities and their agents in understanding these provisions, SEBI issued clarifications through the FAQs. This move aims to protect investors and ensure compliance with the new rules, further regulating the securities market.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Tata Motors Share Price Tumbled 7%: PAT Fell Over 22% in Q3FY25

On January 30, 2025, Tata Motors share price fell ~7%, reaching a day low of ₹684.25, after opening at ₹715.00. The fall in Tata Motors share price came after the company released its results for Q3FY25, revealing a 22.5% decline in consolidated net profit to ₹5,578 crore, down from ₹7,415 crore in the same period last year.

Sequentially, the company saw a 62% improvement in profit, with net profit rising from ₹3,450 crore in the September quarter. Revenue for the quarter stood at ₹113,575 crore, reflecting a modest 2.7% increase compared to ₹109,799 crore in Q3FY24.

On the operating front, EBITDA dropped by 14.7% YoY to ₹13,081 crore, compared to ₹15,333 crore in the same quarter last year. EBITDA margins also fell by 60 basis points, reaching 13.7%.

JLR delivered a solid performance, posting record quarterly revenue, the highest EBIT margin in a decade, and marking its 9th consecutive profitable quarter. Meanwhile, Commercial Vehicle (CV) revenues declined due to lower volumes and product mix. Passenger Vehicle (PV) volumes remained stable at 140,000 units for the quarter.

In December 2024, Tata Motors received approval for the Automotive Production Linked Incentive (PLI), resulting in an income recognition of ₹351 crore.

JLR Performance

JLR showed strong results in Q3 FY25, achieving record revenue of £7.5 billion, a 1.5% increase YoY, and the highest EBIT margin in 10 years. However, its EBITDA margin contracted by 200 basis points YoY, to 14.2%. Despite the challenges, the company remains optimistic about achieving its FY25 profitability and cash flow targets, with an EBIT margin goal of at least 8.5% and maintaining positive net cash.

Commercial and Passenger Vehicle Segment

In the Commercial Vehicle segment, revenue dropped by 8.4% YoY to ₹18,431 crore. However, EBITDA margins improved to 12.4%, up 130 basis points YoY, driven by commodity cost savings and PLI incentives (90 basis points). On a year-to-date basis, the CV business delivered an EBITDA margin of 11.6%, up 120 basis points YoY.

Passenger Vehicle revenue stood at ₹12,354 crore, down 4.3% YoY, but EBITDA margins improved to 7.8%, up 120 basis points YoY, driven by cost-reduction measures and incentives that offset adverse realizations, according to the earnings report.

Tata Motors’ Outlook

Looking ahead, Tata Motors expects domestic demand to gradually improve, driven by increased infrastructure spending, a series of exciting product launches, and stable interest rates. While JLR wholesales are anticipated to rise further in Q4 FY25, the company remains cautious about the overall demand environment, especially in China.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

JBM Auto Shares Rose Over 5%: PAT Up ~8% and Revenue Rose ~4% During Q3FYF25

On January 30, 2025, JBM Auto shares surged by over 5%, reaching a high of ₹1410.00 at 09:35 AM, after opening at ₹1424.95. This increase in JBM Auto shares came after the release of the company’s consolidated results for the quarter ending December 31, 2024. During Q3FY25, JBM Auto reported a 7.80% rise in net profit, totalling ₹52.42 crore, compared to ₹48.63 crore in Q3FY24. Sales, including other operating income, rose by 3.71%, reaching ₹1,396.15 crore from ₹1,346.17 crore in the same period last year.

The company’s profit before tax for Q3FY25 stood at ₹72.75 crore, up 10.38% from ₹65.91 crore in Q3FY24. EBITDA saw a notable increase of 20.29%, reaching ₹192.83 crore, compared to ₹160.30 crore in the previous year. Earnings per share (EPS) for the quarter were ₹4.45, up from ₹4.12 in Q3FY24.

JBM Stock Split Record Date on January 31

On October 28, 2024, the Board of Directors recommended a stock split, proposing to subdivide each existing equity share of ₹2.00 into 2 shares of ₹1.00 each, fully paid up. The record date for the stock split has been set as January 31, 2025.

JBM Auto Key Business Highlights

  • The company unveiled its first-ever Low Floor Electric Medical Mobile Unit (MMU) – a mobile hospital designed to bring healthcare access to rural and remote areas, which was showcased at Parliament in New Delhi.
  • JBM Auto also launched its Electric Luxury Coach, ‘Galaxy,’ a seater-cum-sleeper model, at the Bharat Mobility Global Expo 2025, along with new electric bus variants.
  • The company has a robust order book in both its OEM and Tool Room divisions, which is expected to accelerate growth in FY25.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Coforge Shares to Trade Ex-Date on January 30: Interim Dividend of ₹19

On January 30, 2025, Coforge shares to trade ex-date, meaning that the shareholders registered in the company’s books will be eligible for its 3rd interim dividend of ₹19 for FY25.

Coforge Dividend History

Ex-Date Dividend Type Dividend Amount (₹)
Oct 11, 2024 Interim 19
Aug 02, 2024 Interim 19
May 15, 2024 Interim 19

Coforge Q3FY25 Operation Highlight 

In Q3 FY25, Coforge achieved a strong order intake of US$ 501 million, marking the second consecutive quarter with an order intake exceeding US$ 500 million. This reflects sustained momentum in securing large deals, with four significant contracts signed across North America and ASEAN during the quarter. The company’s headcount grew to 33,094, with a net addition of 611 employees, contributing to a 16% organic increase since the beginning of the year.

Geographically, Coforge experienced broad-based growth, with the Americas contributing 69.2%, EMEA 20.5%, and the Rest of the World (RoW) 3.3% to year-over-year performance. Additionally, the Cigniti business showed strong progress, delivering a 3.5% constant currency growth quarter-over-quarter, and improved its EBITDA margin to 17.3%, up from 11% in Q4 FY24.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Balkrishna Industries Shares to Trade Ex-Date on January 30: Interim Dividend of ₹4

On January 30, 2025, Balkrishna Industries shares to trade ex-date, meaning that the shareholders registered in the company’s books will be eligible for the ₹4 interim dividend.

Balkrishna Industries Dividend History

Ex-Date Dividend Type Dividend Amount (₹)
Oct 31, 2024 Final 4
Aug 20, 2024 Interim 4
July 05, 2024 Final 4

Balkrishna Industries Q3FY25 Operation Highlight 

The current tyre production capacity is 360,000 MTPA, while the carbon black production capacity stands at 200,000 MTPA, which includes 30,000 MTPA of high-value Advanced Carbon material. The company sells its products to over 160 countries through a distribution network spanning the Americas, Europe, India, and other regions.

Strong partnerships with global OEMs highlight the brand’s acceptance and performance. In Q3 FY25, the majority of the company’s sales came from Europe, accounting for 42.6%, followed by 28.9% from India, 16.4% from the Americas, and 12.1% from the rest of the world.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

US Federal Reserve Interest Rate: Wall Street Closed Lower After Powell Kept Rate Unchanged

The US Federal Reserve decided to hold its key interest rate steady on Wednesday (January 29), maintaining it in the range of 4.25%-4.5%. The decision by the central bank’s Federal Open Market Committee (FOMC) came as anticipated, following a series of rate cuts since September 2024.

In the past three months, the Fed had reduced the overnight borrowing rate by a total of one full percentage point. However, in its latest meeting, the central bank opted for a pause, signalling a more cautious approach as it assesses economic conditions.

Reaction of US Stock Markets

Benchmark indices on Wall Street closed lower overnight after the decision on Federal Reserve interest rates. Nasdaq settled 0.52% lower to 19,630.73. Separately, the US trade deficit in goods, which has been on Trump’s radar for long, widened to a record high in December, surging 18% to $122.1 billion. Goods imports increased by 3.9%, while exports dropped 4.5%.

Flat Start of Gifty Nifty in India

On January 30, 2025, GIFT Nifty futures were trading flat at 07:58 AM, with a slightly positive growth of 10 points as compared to Nifty futures’ last close, at 23,146.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Best Green Energy Stocks For Feb 2025 Based on 5Y CAGR: Suzlon, Adani Green and More

India’s intention to achieve net-zero carbon emissions by 2070 and to fulfil 50% of its electricity needs with renewable energy by 2030 represents a significant milestone in the global fight against climate change. With enhanced government support and improved economic conditions, the sector has become increasingly appealing to investors. As India aims to meet its growing energy demand, projected to reach 15,820 TWh by 2040, renewable energy will be a key player in this effort. In this article, we will look at the best green energy stocks Feb 2025 based on different parameters.

Best Green Energy Stocks For Feb 2025 – Based on 5Y CAGR

Company Name Market Cap (In ₹ Crore) 5Y CAGR (%)
Suzlon Energy Ltd 68,594.93 86.96
Jaiprakash Power Ventures Ltd 10,245.92 49.53
Adani Green Energy Ltd 1,56,391.53 39.39
SJVN Ltd 35,348.51 28.32
NHPC Ltd 73,419.16 21.77

Note: The stocks mentioned above have been selected from the Renewable Energy Sector and sorted based on 5Y CAGR as of January 29, 2024 

Overview of Best Green Energy Stocks

1. Suzlon Energy Limited

Suzlon is one of the leading global renewable energy solutions providers. It is a vertically integrated WTG manufacturer. It also undertakes installation and O&M of all WTG sales. The company recorded a net cash position of ₹ 1,277 crores as of Sep 30, 2024. It received the largest single order of 1,166 MW from NTPC.

Key Metrics:

  • Return on Equity (ROE): 28.8%
  • Return on Capital Employed (ROCE): 24.9%

2. Jaiprakash Power Venture Limited

Jaiprakash Power Venture Limited is involved in coal mining, sand mining, cement grinding, and the production of thermal and hydroelectric electricity. The company’s revenue amounted to ₹6,762.78 crore in FY24 as compared to ₹5,786.67 crore in FY23.

Key Metrics:

  • ROE: 12.8%
  • ROCE: 14.0%

3. Adani Green Energy Limited

Adani Green Energy Limited is engaged in the business of renewable power generation within the group and is primarily involved in renewable power generation and other ancillary activities. During Q3 FY25 and 9MFY25, Adani Green made impressive growth in its capacity expansion and operational performance, marking a significant leap toward its long-term renewable energy goals. It achieved an industry-leading EBITDA margin of 92.0%.

Key Metrics:

  • ROE: 14.7%
  • ROCE: 9.65%

4. SJVN Ltd

SJVN is engaged in the business of providing consultancy for hydropower projects. During Q2 FY25, the Cabinet Committee approved the investment of ₹5,792.36 crores for the 669-megawatt Lower Arun Hydroelectric Project in Nepal. The project will be implemented through SJVN Lower Arun Development Company Private Limited, a wholly owned subsidiary of SJVN, incorporated in Nepal.

Key Metrics:

  • ROE: 5.90%
  • ROCE: 4.99%

5. NHPC Ltd

NHPC is primarily engaged in generating and selling bulk power to various Power Utilities. During 1HFY25, NHPC recorded Revenue from Operation of ₹4,969 Crore as against ₹ 5,056 Crore in the corresponding previous year, down 2%.

Key Metrics:

  • ROE: 9.61%
  • ROCE: 7.67%

Best Green Energy Stocks For Feb 2025 – Based on Net Margin

Company Name Market Cap (In ₹ Crore) Net Margin (%)
ACME Solar Holdings Ltd 10,519.45 31.52
NHPC Ltd 73,419.16 30.97
SJVN Ltd 35,348.51 30.09
NTPC Green Energy Ltd 92,782.32 16.90
Jaiprakash Power Ventures Ltd 10,245.92 14.29

Note: The stocks mentioned above have been selected from the Renewable Energy Sector and sorted based on net margin of January 29, 2024

Best Green Energy Stocks For Feb 2025 – Based on Debt to Equity

Company Name Market Cap (In ₹ Crore) Debt to Equity Ratio (x)
Suzlon Energy Ltd 68,594.93 0.04
Waaree Energies Ltd 60,098.21 0.13
Jaiprakash Power Ventures Ltd 10,245.92 0.37
NHPC Ltd 73,419.16 0.74
SJVN Ltd 35,348.51 1.44

Note: The stocks mentioned above have been selected from the Renewable Energy Sector and sorted based on debt to equity as of January 29, 2024

Who Should Invest in Green Energy Stocks?

Investing in green energy stocks is ideal for individuals who are passionate about sustainability and want to align their financial goals with environmental values. It’s particularly suited for long-term investors who are looking for growth opportunities in industries like renewable energy, electric vehicles, and energy efficiency. Those with a higher risk tolerance may also find potential rewards, as these sectors can be volatile in the short term but have significant growth potential due to the global shift toward cleaner energy.

Factors to Consider Before Investing in Green Energy Stocks

  • Market Volatility: Green energy stocks can be volatile due to fluctuating government policies, changes in subsidies, and global energy prices. Investors should be prepared for potential ups and downs, especially in the short term.
  • Government Regulations and Subsidies: Green energy companies often rely on government incentives and regulations to thrive. It’s important to stay informed about policies, tax credits, or any potential changes that could affect the industry’s growth.
  • Company Financial Health: Like any investment, evaluating the financial stability and profitability of the companies you’re considering is crucial. Look at their revenue growth, debt levels, and overall business strategy to ensure they have a solid foundation.
  • Technological Innovation: Green energy is an evolving industry, and companies that are leading in technological advancements (like solar, wind, or energy storage) may have a competitive advantage. Keep an eye on companies investing in R&D and their ability to stay ahead of trends.
  • Long-Term Sustainability: The green energy market is growing, but it’s still developing. Assess whether the companies you’re considering have a long-term vision and are positioned for future growth in the industry, rather than just benefiting from short-term trends.

Conclusion

Investing in green energy stocks can be a rewarding opportunity for those looking to support sustainability while potentially reaping financial returns. However, like any investment, it requires careful consideration of market volatility, government policies, company fundamentals, and the sector’s long-term growth potential.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Mid-Day Top Gainers and Losers on January 29, 2025: Shriram Finance and Bajaj Auto Shines

On January 29, 2025, as of 12:20 PM, the BSE Sensex was up by 0.73% at 76,455.17, while the Nifty 50 was up 0.77% at 23,133.75. The mid-day top gainers and losers for the day are:

Mid-Day Top Gainers 

Symbol Open High Low LTP %chng
SHRIRAMFIN 531.15 548 530.25 548 3.38
BAJAJ-AUTO 8,420.15 8,807.00 8,420.15 8,668.75 3.22
BEL 259 267.8 259 266.35 3.14
TATAMOTORS 731.5 748.7 726.55 747.9 2.7
JSWSTEEL 913.6 941.05 908 939.55 2.55

Shriram Finance

Shriram Finance shares opened at ₹531.15, hit a high of ₹548, and closed at ₹548, gaining 3.38%.

Bajaj Auto

Bajaj Auto shares opened at ₹8,420.15, reached ₹8,807.00, and settled at ₹8,668.75, up by 3.22%.

BEL

BEL shares started trading at ₹259, peaked at ₹267.8, and closed at ₹266.35, up by 3.14%. Consistent gain throughout the day.

Tata Motors

Tata Motors shares opened at ₹731.5, touched ₹748.7, and ended at ₹747.9, gaining 2.7%.

JSW Steel

JSW Steel shares opened at ₹913.6, and reached ₹941.05, up by 2.55% till 12:20 PM.

Mid-Day Top Losers

Symbol Open High Low LTP %chng
ITCHOTELS 180 180 172 174.75 -2.92
TATACONSUM 961.25 966.65 938 952.9 -0.87
BRITANNIA 5,100.00 5,100.00 4,991.00 5,023.90 -0.73
ASIANPAINT 2,241.80 2,246.80 2,222.35 2,227.20 -0.65
ITC 435.95 437.5 430.1 433.35 -0.48

ITC Hotels

On January 29, 2025, ITC Hotels shares listed on NSE at ₹180, hit a low of ₹172, down by 2.92% by 12:20 PM.

Tata Consumer

Tata Consumer shares opened at ₹961.25, dipped to ₹938, and ended at ₹952.9, losing 0.87%.

Britannia

Britannia shares started trading at ₹5,100, reached a low of ₹4,991, and closed at ₹5,023.90, down by 0.73%.

Asian Paints

Asian Paints shares opened at ₹2,241.80, hit ₹2,222.35, and ended at ₹2,227.20, down by 0.65%.

ITC

ITC shares opened at ₹435.95, dropped to ₹430.1, and closed at ₹433.35, losing 0.48%.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Veranda Learning Entered Nursing Sector: Entered JV With Nursing Europe AS

On January 29, 2025, Veranda Learning Solutions announced through an exchange filing that it entered a strategic partnership with Nursing Europe AS (NE) to equip Indian nurses with the necessary skills to secure employment in Europe’s healthcare sector.

With a focus on global skilling, Veranda Learning is initially focusing on the nursing sector, with plans to expand into other industries. The company has joined forces with industry experts to drive this initiative forward.

With a mission to upskill India for the global stage, Veranda Learning is positioning itself to bridge critical talent gaps in Europe’s healthcare sector. This initiative goes beyond filling vacancies; it’s about empowering India’s skilled workforce to meet global demands. Through its expansive reach and expertise, Veranda is creating international opportunities for Indian nurses while helping strengthen Europe’s healthcare systems.

About Nursing Europe AS

Nursing Europe AS, a company rooted in the expertise of leading Norwegian organizations, specializes in providing EU-qualified and licensed nurses to healthcare providers across Europe. This partnership is expected to generate significant revenue, with projections of over ₹200 crores within the next 3-5 years by placing more than 2,000 students.

Leadership Comments

Speaking on the partnership, Mr Tommy Iversen, CEO of Nursing Europe AS and co-founder of Focus Care Group AS, one of Norway’s largest medical staffing agencies, comes with extensive experience in medical staffing, said, “Europe is facing an urgent need for skilled healthcare professionals. Our partnership with Veranda Learning will create exciting career opportunities for Indian nurses while helping to alleviate staffing challenges across Europe.”

Mr. Aditya Malik, Group Chief Operating Officer of Veranda Learning Solutions, added, “We are pleased to be partnering with Nursing Europe, which has a proven expertise in recruitment and staffing. This partnership will be a win-win for Indian nurses and European healthcare alike. At Veranda, we are not only looking to address global workforce shortages but also position India as a hub for world-class skilling, empowering our professionals to meet international standards and make a meaningful impact globally.”

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities market are subject to market risks, read all the related documents carefully before investing.