Toyota cuts annual profit estimate, expects $9.5 billion tariff hit TOKYO (Reuters) -Toyota Motor cut its full-year operating profit forecast by 16% on Thursday, expecting a nearly $10 billion hit from U.S. tariffs on imported cars and grappling with higher material prices and a stronger yen. The world’s biggest automaker cut its operating profit forecast for the financial year to end-March 2026 to 3.2 trillion yen ($21.7 billion), down from a previous outlook of 3.8 trillion yen. Toyota (NYSE:TM) said it expects the U.S. levies to reduce its profit by 1.4 trillion yen ($9.50 billion) for the entire year. It had previously estimated a hit of 180 billion yen for April and May, but it had not issued a full-year projection until now. For the April to June first quarter, Toyota reported an operating profit of 1.17 trillion yen, down from 1.31 trillion yen a year earlier, but above the 902 billion yen average of seven analyst estimates compiled by LSEG. Toyota’s first-quarter results highlight the pressure U.S. import tariffs are placing on Japanese automakers, even as a trade agreement between Tokyo and Washington offers potential relief. Under the bilateral deal agreed last month, Japanese auto exports into the U.S. would face a 15% tariff, down from levies totalling 27.5% previously. But a timeframe for the change to go into effect has yet to be announced. ($1 = 147.2300 yen) With TM making headlines, savvy investors are asking: Is it truly valued fairly? In a market full of overpriced darlings, identifying true value can be challenging. InvestingPro's advanced AI algorithms have analyzed TM alongside thousands of other stocks to uncover hidden gems. These undervalued stocks, potentially including TM, could offer substantial returns as the market corrects. In 2024 alone, our AI identified several undervalued stocks that later surged by 30 or more. Is TM poised for similar growth? Don't miss the opportunity to find out.

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Berkshire takes $3.8 billion Kraft Heinz writedown, operating profit falls (Reuters) -Warren Buffett’s Berkshire Hathaway (NYSE:BRKa) on Saturday took a $3.76 billion writedown on its stake in Kraft Heinz (NASDAQ:KHC), an acknowledgment the decade-old investment hasn’t worked out, and reported lower quarterly operating profit as insurance underwriting premiums declined. Berkshire also reported a 59% decline in quarterly net income, reflecting the writedown as well as lower investment gains from its common stock holdings. Second-quarter operating income fell 4% $11.16 billion, or about $7,760 per Class A share, from $11.6 billion a year earlier. Net income fell to $12.37 billion from $30.35 billion. Cash totaled a near-record $344.1 billion. Berkshire sold more stock than it bought for an 11th straight quarter. It also conducted no stock buybacks, and through mid-July had conducted none since May 2024. The $3.76 billion after-tax writedown for Berkshire’s 27.4% stake in Kraft Heinz, equal to $5 billion before taxes, followed the struggling food company’s May announcement it would consider strategic alternatives, which could include a breakup. Buffett’s company had been carrying Kraft Heinz on its books at above-market value but said economic and other uncertainties, as well as its longer-term plans to remain an investor, made the gap "other-than-temporary," necessitating a writedown. The writedown is Berkshire’s second for Kraft Heinz, following a $3 billion writedown in 2019. Buffett acknowledged at the time that Berkshire overpaid in the 2015 merger creating the food company. Shares of Berkshire have fallen more than 12%, and lagged the Standard & Poor’s 500 by about 22 percentage points, since Buffett announced on May 3 he would step down as chief executive at the end of the year, with Vice Chairman Greg Abel replacing him. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is KHC one of them?

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Volvo Cars Q2 operating profit falls as tariffs bite STOCKHOLM (Reuters) -Sweden-based Volvo (OTC:VLVLY) Cars reported a steep fall in second-quarter adjusted operating profit on Thursday and said demand remain under pressure as tariffs hits. Its quarterly operating profit excluding items affecting comparability fell to 2.9 billion Swedish crowns ($297.89 million) from 8.0 billion a year ago. "Demand remains soft and volatile, impacted by weakening consumer confidence and the introduction of additional tariffs, which continue to pose challenges for the automotive sector," the company said in its earnings report. Its gross margin, a metric investors and analysts are looking at closely to assess the impact on the tariffs, fell to 13.5% compared to 18.2% in the first quarter, adjusted for one-offs it fell to 17.7% Volvo Cars is the first of the European carmakers to report in what is expected to be a gloomy reporting season as weak demand for EVs alongside growing competition from China hits at the same time as U.S tariffs mount. ($1 = 9.7352 Swedish crowns) With VOLVb making headlines, savvy investors are asking: Is it truly valued fairly? In a market full of overpriced darlings, identifying true value can be challenging. InvestingPro's advanced AI algorithms have analyzed VOLVb alongside thousands of other stocks to uncover hidden gems. These undervalued stocks, potentially including VOLVb, could offer substantial returns as the market corrects. In 2024 alone, our AI identified several undervalued stocks that later surged by 30 or more. Is VOLVb poised for similar growth? Don't miss the opportunity to find out.

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Samsung Electronics operating profit rises slightly in Q1 SEOUL (Reuters) -Samsung Electronics reported on Wednesday a small rise in first-quarter operating profit as customers concerned about U.S. tariffs rushed to purchase smartphones and commodity chips, mitigating the impact of its underperforming artificial intelligence chip business. Samsung did not give its earnings outlook for the current quarter, saying "growing macroeconomic uncertainties due to recent global trade tensions and slowing global economic growth" made it "difficult to predict future performance." The world’s largest memory chip maker reported 6.7 trillion won ($4.68 billion) in operating profit for the quarter ended in March, up 1.2% from a year earlier and in line with its earlier estimate of 6.6 trillion won. Samsung shares, one of the worst performing major tech stocks last year, were flat after the earnings announcement. Steep U.S. tariffs on Chinese goods and toughening restrictions on AI chip sales to China, Samsung’s top market, threaten to dampen demand for some of the electronics components the company produces such as chips and smartphone displays. U.S. President Donald Trump’s "reciprocal" tariffs, most of which have been suspended until July, threaten to hit dozens of countries including Vietnam and South Korea where Samsung has produced smartphones and displays. HIGHEST MOBILE PROFIT IN FOUR YEARS Samsung’s mobile device and network business reported a 23% rise in profit to 4.3 trillion won during the period, reaching its highest level in four years, helped by the latest version of the flagship Galaxy S model with AI features. Samsung has accelerated smartphone production in Vietnam, India and South Korea, ahead of the U.S. tariffs, a person familiar with the matter told Reuters earlier. Samsung’s chip division posted an operating profit of 1.1 trillion won, down 42% from a year earlier. Samsung said its memory business earnings were affected by a decrease in HBM sales due to U.S. export controls on AI chips and deferred demand in anticipation of upcoming enhanced HBM3E products. Samsung relied on China to sell its HBM chips as it lagged behind cross-town rival SK Hynix in supplying such chips to Nvidia (NASDAQ:NVDA) in the United States. SK Hynix dethroned Samsung Electronics (KS:005930) as the top maker of dynamic random access memory (DRAM) chips in the first quarter of this year. SK Hynix last week logged its second-highest quarterly operating profit in the first quarter with a 158% jump to 7.4 trillion won, boosted by strong AI-related demand and stockpiling of smartphone and PC chips ahead of potential increases in U.S. tariffs. Samsung said it expected robust demand for AI servers to continue in the current quarter, and plans to ramp up its enhanced 12-layer HBM3E chips during the period. ($1 = 1,431.5000 won) NVDA: A Bull or Bear Market Play? Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks – 6 model portfolios fueled by AI stock picks with a stellar performance this year.. In 2024 alone, ProPicks' AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if NVDA is on your watchlist, it could be very wise to know whether or not it made the ProPicks lists.

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NBL forecasts 110% increase  in operating profit Namibia Breweries Limited disclosed that according to paragraph 3.4 (b) of the Listing requirements of the Namibia Securities Exchange, shareholders were advised that the group’s operating profit for the eighteen months, ended 31 December 2024, is expected to increase by between 110% and 115% compared to the twelve-month comparative financial period.  “This increase is driven by strong performance from the new portfolio. Over the eighteen-month period, growth was constrained by higher net financing costs and increased tax expenses, leading to a more moderate increase in headline earnings of between 91% and 96%,” the company said.  The company said as a result of the once-off extraordinary gains related to the profit realised on the sale of the shares held in Heineken South Africa (RF) Proprietary Limited in the previous period, the profit after tax and basic earnings per share for the eighteen months, ended 31 December 2024, are expected to decrease by more than 85%.   The group´s audited financial results for the eighteen months, ended 31 December 2024, are expected to be published on 28 March 2025 and in the press on 31 March 2025. The company further directed shareholders to the announcement dated 27 March 2024, in which NBL informed shareholders of the change in year-end to 31 December.  “As a result of this change, NBL will publish annual financial statements for the eighteen-month period ending 31 December 2024. Shareholders are advised that the previous financial results, which covered a twelve-month period, may not be directly comparable.” JSE

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Hyundai Motor pips Volkswagen to become world's 2nd-largest automaker - Yes Punjab News Hyundai Motor Group has outperformed Volkswagen Group to become the world's second-largest automaker in terms of operating profit, industry data showed on Thursday.

Hyundai Motor pips Volkswagen to become world's 2nd-largest automaker
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