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If You Had Bought Capital Finance Holdings (HKG:8239) Stock Five Years Ago, You’d Be Sitting On A 85% Loss, Today

Capital Finance Holdings Limited (HKG:8239) shareholders should be happy to see the share price up 13% in the last quarter. But will that repair the damage for the weary investors who have owned this stock as it declined over half a decade? Probably not. Indeed, the share price is down a whopping 85% in that time. It’s true that the recent bounce could signal the company is turning over a new leaf, but we are not so sure. The important question is if the business itself justifies a higher share price in the long term.

We really feel for shareholders in this scenario. It’s a good reminder of the importance of diversification, and it’s worth keeping in mind there’s more to life than money, anyway.

The landscape may have changed, but the purpose of finance remains the same – CityAM

Like many of those working in the industry at that time, I didn’t foresee the hurricane that was about to hit in the shape of what we now refer to as the global financial crisis.

This was, of course, merely the beginning of a period of challenges, transformation and reinvention, much of which is still underway.

A little over a decade on, I now head up TheCityUK, an organisation born out of those same storms, founded to convene the collective voice of the many sectors across the financial industry. Our aim today remains fundamentally the same as it was then: to champion and support the success of the financial and related professional services ecosystem.

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Goldman Sachs: These 2 Stocks Are Poised to Surge by at Least 20%

Let’s start with some good news – according to Goldman Sachs’ chief global equity strategist Peter Oppenheimer, 2020 will see a continuation of last year’s surge. Oppenheimer believes 2019’s bull run was down to valuation expansion. If the history books are anything to go by, then 2020 will see a repeat of the trend.

“Years of strong valuation expansion are generally followed by positive returns in the equity market, although typically at a slower pace. Moderate profit growth this year and higher starting multiples point to total returns in the high single digits for the asset class globally in 2020,” Oppenheimer noted.

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Nio Shares Extend Rally On News Of Potential Financing

Underlining its inherent volatility, Chinese electric vehicle manufacturer Nio Inc – ADR NIO 1.86% stock is retreating after Wednesday’s 14%-plus rally that took the stock to its highest level since mid-2019.

Nio shares rallied to an intraday high of $4.48 before ending Wednesday’s session at $4.29, a gain of 14.10%, on four times their average volume.

The rally was sparked off by a report in Sina Finance that said Guangzhou-based automaker Guangzhou Automobile Group Co Ltd GNZUF 3.91% is preparing to invest $1 billion in cash-strapped Nio.

GAC confirmed in a communication to the Shanghai stock exchange Thursday that its units and external parties could invest as much as $150 million in Nio.

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Visa’s Plaid acquisition shows a shifting financial services landscape – TechCrunch

When Visa bought Plaid this week for $5.3 billion, a figure that was twice its private valuation, it was a clear signal that traditional financial services companies are looking for ways to modernize their approach to business.

With Plaid, Visa picks up a modern set of developer APIs that work behind the scenes to facilitate the movement of money. Those APIs should help Visa create more streamlined experiences (both at home and inside other companies’ offerings), build on its existing strengths and allow it to do more than it could have before, alone.

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