Elevator Pitch

I retain my Neutral rating on Thailand-listed hospitality & leisure company Minor International Public Company Limited (OTCPK:MNILY) (OTC:MNILF) (OTCPK:MINOF) [MINT:TB].

This is an update of my prior article on Minor International published on June 15, 2020. Minor International’s share price has declined by -15% from Bt22.80 as of June 12, 2020, to Bt19.30 as of October 2, 2020, since my last update. Minor International trades at 9.5 times historical FY 2019 P/E and 24.7 times consensus forward FY 2022 P/E.

The situation for Minor International remains challenging. Minor International’s 2Q 2020 net loss was no surprise, considering the temporary closure of most of its hotels and food outlets, and the effects of negative operating leverage. A tightening of lock-down and social distancing measures in the markets where it operates in, and a new unexpected round of fund raising remain key downside risks for Minor International. On the flip

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The Federal Reserve and a variety of dividend offenders are making life hard on income investors this year, but investors have avenues to turn to mitigate the pain. Those include the Nationwide Risk-Managed Income ETF (NYSEArca: NUSI).

NUSI is an actively managed portfolio of stocks included in the Nasdaq-100 Index and an options collar. Per index rules, the fund only invests in the top 100 largest by market cap, nonfinancial stocks listed on NASDAQ. A collar strategy involves selling or writing call options and buying put options, thus generating income to hedge some downside risk. The strategy seeks to generate high current income monthly from any dividends received from the underlying stock and the option premiums retained.

Not only is NUSI a top income-generating idea, it’s a solid volatility reduction tool, a trait investors should consider today.

“The volatility is expected to continue in the weeks ahead. This is

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Not one to miss an opportunity to go down a lucrative new path, last week Amazon (AMZN) announced it is launching a cloud gaming platform, Luna.

Luna will launch at an introductory price of $6 a month with a tiered subscription structure, and the new service will go head to head with other big players’ services such as Google’s Stadia, Microsoft’s xCloud, and EA’s Origin Access.

Powered by AWS and integrated with its own live streaming platform, Twitch, the aim is to have the service accessible to any device with a screen. Although users playing on TVs will need to connect a FireTV box or a FireTV stick. Gamers using phones, tablets or PCs already online will be able to access the service without FireTV.

One thing the service won’t have at launch is much content. To start off, only 50 games will be available, and with one

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Not one to miss an opportunity to go down a lucrative new path, last week Amazon (AMZN) announced it is launching a cloud gaming platform, Luna.

Luna will launch at an introductory price of $6 a month with a tiered subscription structure, and the new service will go head to head with other big players’ services such as Google’s Stadia, Microsoft’s xCloud, and EA’s Origin Access.

Powered by AWS and integrated with its own live streaming platform, Twitch, the aim is to have the service accessible to any device with a screen. Although users playing on TVs will need to connect a FireTV box or a FireTV stick. Gamers using phones, tablets or PCs already online will be able to access the service without FireTV.

One thing the service won’t have at launch is much content. To start off, only 50 games will be available, and with one

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The Delhi High Court has asked the Centre, insolvency regulator IBBI and State Bank of India (SBI) to file replies on former Bhushan Power and Steel Chairman Sanjay Singhal’s petition challenging the provisions on personal insolvency proceedings against the guarantors of corporate debtors.

It may be recalled that SBI had recently invoked the personal guarantees of Sanjay Singhal and sent him a demand notice for recovery of ₹12,275.91 crore as the guarantor of various loans availed by the company.

This development came after the Finance Ministry had asked PSBs to put in place a mechanism for monitoring cases, which may require initiation of insolvency proceedings against personal guarantors of corporate debtors.

Singhal had filed a petition challenging the SBI move to invoke his personal guarantee and proceed for recovery under the insolvency and bankruptcy code. The Delhi High Court, on Tuesday, issued notices to Centre, IBBI and SBI

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An Auckland business owner says surviving the second Covid-19 lockdown has been much more challenging than the first.

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Māngere beauty salon owner Deslie Anthony says she’s doing her best to keep her staff employed.
Source: Breakfast


Today marks an end to applications for the Government’s extended wage subsidy, following Auckland’s exit out of Alert Level 3 on Sunday night.

Deslie Anthony owns The Bridge Beauty and Nail Studio in Māngere. Her business has relied on that subsidy to stay afloat for much of the pandemic.

She says they “coped really well” following the first lockdown, but the second has been harder.

“Coming to the second lockdown it was pretty hard and pretty hard on our customers,” Ms Anthony told TVNZ1’s Breakfast.

“But you just struggle on. It’s a thing that we never knew was coming our way. We didn’t have time to prepare,

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BY THE NUMBERS

U.S. stock futures were mixed Monday on the last day of August. The S&P 500, which closed above 3,500 on Friday for the first time, is about to close the books on its best August since the 1980s and embark on the historically challenging month of September. The Dow Jones Industrial Average’s gain Friday was enough to push it into positive territory for the year. However, the Dow was still 3% away from its Feb. 12 records heading into Monday’s trading session. (CNBC)

* Fed’s Clarida says rates won’t rise just because unemployment falls (CNBC)
* Leon Cooperman says future stock market returns will be ‘unimpressive for a long time’ (CNBC Pro)
* Carlyle’s David Rubenstein: ‘Still a little nervous’ but market rally has ‘somewhere more to go’ (CNBC)

The Dow on Monday reflects changes in the 30 stocks that make up the average and a stock

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NIO (NYSE:NIO) is upping the battle with Tesla (TSLA) in China after rolling out its new BaaS services. China cut NEV subsidies back in April, and put a limit of 300,000 yuan on the subsidy, practically eliminating luxury manufacturers while forcing Tesla to become more conscientious of its pricing strategies. NIO, as a domestic manufacturer, has more state-backed support and, although still the smaller of the two, could find more success in the long run with its strategies stemming from Baas, which allow “lower initial purchase prices of our products, flexible battery upgrade options and assurance of battery performance”.

When announcing the NEV subsidies, China also stated that it would “support the sale of cars with swappable batteries, a technology that has been pursued by [Nio]”, giving it a leg up on Tesla in that regard. But the size of the vehicle market in China is huge, with “25

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