Shares in Ramsay Health Care fall 14% after takeover talks were blocked
Shares in Australian hospital operator Ramsay Health Care fell as much as 14.6% after the company announced that a consortium led by KKR was “not in a position to improve the terms” of a proposed takeover.
Ramsay Health rejected the proposal earlier this year, saying the offer was “significantly inferior”.
The company’s shares later recovered slightly, but were still 11% lower.
— Abigail of
Nio jumps more than 20% at the open after the Deutsche Bank report
Hong Kong-listed shares of Chinese electric vehicle maker Nio jumped as much as 21% at the open after a bullish report from Deutsche Bank.
Reiterating his buy rating, analyst Edison Yu made minor changes to forecasts and said Nio remains Deutsche Bank’s top China electric vehicle pick in a note dated September 12.
“The company’s efforts in terms of user experience, battery exchange, overseas expansion and internal battery cell development are not highly valued and, eventually, they will show clear differentiation as the local Chinese market becomes increasingly competitive,” Yu wrote.
The company’s shares were last 17% higher.
– Jihye Lee
CNBC Pro: Forget oil: Coal is hot right now. Here are 2 stocks to play with, according to the pros
Coal mining in Wyoming.
Brian Brainerd | The Denver Post | Getty Images
Coal prices are at record highs and market watchers see prices rising further as a global energy crisis looms.
“It’s almost as if any or all companies are a buy,” analyst Peter O’Conner said of the booming coal sector, revealing his favorite stocks.
CNBC Pro subscribers can read more here.
— Xavier Ong
Nintendo shares rise 5% ahead of live streaming of games announcement
Squid Game-related stocks rose 10% at the open on Emmy hopes
Bucket Studio Co., which has a stake in a private company that represents “Squid Game” lead actor Lee Jung-jae, surged more than 10 percent as the show eyed a historic win in the series race dramatic
The company’s shares jumped more than 20% immediately after Netflix released a letter in June from director Hwang Dong-hyuk announcing the series would return for a second season.
Other content-related stocks CJ ENM and CJ CGV also rose more than 2.5% in the morning session, and Showbox rose 1.5%.
– Jihye Lee
CNBC Pro: Want to invest in real estate? These REITs are among analysts’ favorites
Real estate investment trusts (or REITs) are returning to the spotlight after a volatile year for many asset classes.
Analysts at Morgan Stanley and Citi highlight REITs in two sectors that they say could outperform the broader market and remain resilient in a downturn.
CNBC Pro subscribers can read more here.
– Weizhen Tan