In this webinar, you will learn about the benefits of investing in Vancouver’s tight rental market. Presenting, CIBT Education Group Toby Chu, Chairman and CEO , who discussed how he and his team are building a $1+ billion...
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We had predicted the decline in iPhone sales as Apple had announced earlier that their new iPhone 12 series will only be launched after the fiscal year-end. We expect a strong Q1-FY2021 based on sales from iPhone 12.
Wearables, home, and accessories, and services reported strong revenue growth. Although we are concerned about increasing competition for iPhone, we are slightly raising our revenue and EPS forecasts for FY2021 based on stronger growth in wearables, home and accessories, and services. Our forecasts are on the conservative-end of consensus forecasts.
In this week’s Intro to Investing Series video, our president Brian Tang explains an important finance concept: risk and how to manage and measure investment risk in the stock market and stock portfolio. The importance of diversification in investment portfolios.
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Highlights: Q1-FY2021 (quarter ended September 30, 2020) revenue was up 12% YoY, inline with our expectation, but beat market consensus by 4%. As expected, revenue was driven by a surge in demand for cloud services amid a work from home environment due to the pandemic. We expect a high percentage of businesses to move to a permanent work-from-home environment, even after the pandemic. This is positive for MSFT, and other cloud providers, as the recent surge in demand for cloud products will likely stay.
Read MoreAlthough we are concerned about the surge in new cases, we believe that most countries are better equipped to handle the situation, as opposed to the first wave. Although a number of countries have imposed new restrictions, we do not expect total lockdowns. We continue to expect a U-shaped global economic recovery, and maintain our commodity price forecasts, as shown below.
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