Saudi Arabia's investment fund reportedly low on cash and limiting investment, following EA acquisition

Saudi Arabia's Public Investment Fund is reportedly low on cash and halting new investments after backing troubled projects like Neom and a cruise line.

Despite owning EA and gaming stakes, future funding looks uncertain. #InvestmentWatch #GamingNews

Walmart ($WMT) is on the verge of reaching a $1 trillion market capitalisation, currently valued at around £670 billion (approx. $840 billion USD). This retail giant continues its impressive growth trajectory. 🛍️ #RetailInvesting #WMT #InvestmentWatch

Citi puts Continental on positive catalyst watch Investing.com -- Citi Research has opened a 90-day positive catalyst watch on Continental AG (ETR:CONG), citing a supportive second-quarter 2025 update and upcoming strategic milestones, including the planned Aumovio spin-off in September. The brokerage maintained a “buy” rating and a €86 target price, with shares last closing at €75.32, implying a 14.2% upside and a 17.6% total expected return including a 3.4% dividend yield. The pre-close update outlined stable performance across segments. Automotive margins were guided toward the upper end of the 2.5%–4% range, supported by cost efficiencies, favorable pricing, and limited impact from tariffs due to USMCA-compliant imports. Citi said previously signaled third-quarter softness was walked back, reducing near-term earnings risk. Tire margins were forecast toward the lower end of the 12.5%–14% range for the second quarter, with full-year guidance reaffirmed. Headwinds included foreign exchange effects, mid-double-digit raw material costs, and OE volume weakness in Europe and North America. However, positive price/mix trends of around 3.3% were expected to support recovery into the second half. ContiTech posted sequential revenue improvement, though margins remained at the low end of the 6%–7% range. Management noted “gradual signs of improvement,” and the sale process for the OESL unit remains on track for completion in 2025. Citi revised its sum-of-the-parts (SOTP) valuation of Continental to €84 per share, reflecting an updated ContiTech fair value of about €4.2 billion, up from €3.2 billion, based on improved industrial exposure and long-term EBIT margin potential of 10%. This valuation was averaged with a €88 DCF estimate to retain the €86 target. Group guidance was seen as credible and de-risked. For fiscal 2025, Continental is projected to post €38.9 billion in revenue and €2.8 billion in adjusted EBIT, with a core EPS of €8.61. Segment EBIT margins are modeled at 13.6% for Tires, 6.1% for ContiTech, and 3.6% for Automotive. The company trades at 8.7x 2025 P/E and 7.5x EV/EBIT, levels Citi considers undemanding. The brokerage expects the upcoming Aumovio spin-off and potential updates on the OESL sale to act as catalysts. It also noted that ContiTech sale proceeds, estimated around €4 billion, may be returned to shareholders via special dividends or buybacks in 2026.

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