(Bloomberg) — Guolian Securities Co.’s effort to acquire bigger rival Sinolink Securities Co. has ended after the firms couldn’t agree on terms to create a $13 billion Chinese broker in the consolidating industry.

a close up of a man: HAIKOU, CHINA - MAY 09: (CHINA OUT) An investor watches the electronic board at a stock exchange hall on May 9, 2011 in Haikou, Hainan Province of China. The power companies and train markers led Chinese stocks rebounding on Monday. With the benchmark Shanghai Composite Index rose 8.57 points, or 0.3 percent, to close at 2,872.46 points. (Photo by VCG/VCG via Getty Images)

© Photographer: VCG/Getty Images AsiaPac
HAIKOU, CHINA – MAY 09: (CHINA OUT) An investor watches the electronic board at a stock exchange hall on May 9, 2011 in Haikou, Hainan Province of China. The power companies and train markers led Chinese stocks rebounding on Monday. With the benchmark Shanghai Composite Index rose 8.57 points, or 0.3 percent, to close at 2,872.46 points. (Photo by VCG/VCG via Getty Images)

Sinolink had agreed to be bought in an all-stock deal announced Sept. 20, but specific details for the combination couldn’t be agreed to, the companies said in separate but identical stock exchange filings late Monday.

The deal announcement had sent Guolian’s Hong Kong-listed stock soaring as much as 75% on Sept. 21. Shares of Guolian trading in China dropped as much as 5.8% as the market opened on Tuesday, while Sinolink Securities rose as much as 2.9%.

Gallery: These 47 Billionaires Got Richer During The Pandemic (GOBankingRates)

China’s $1.1 trillion securities industry is facing increased pressure as Wall Street firms such as Goldman Sachs Group Inc. and JPMorgan Chase & Co. are allowed to take full control of ventures in the country this year, forcing consolidation.

(Updates with shares in third paragraph)

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Shareholders in PSC Insurance Group Limited (ASX:PSI) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company’s business prospects.

Following the upgrade, the most recent consensus for PSC Insurance Group from its three analysts is for revenues of AU$200m in 2021 which, if met, would be a solid 15% increase on its sales over the past 12 months. Prior to the latest estimates, the analysts were forecasting revenues of AU$173m in 2021. The consensus has definitely become more optimistic, showing a decent improvement in revenue forecasts.

Check out our latest analysis for PSC Insurance Group


One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It’s pretty clear that there is an expectation that PSC Insurance Group’s revenue growth will slow down substantially, with revenues next year expected to grow 15%, compared to a historical growth rate of 22% over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue shrink 0.8% per year. So it’s clear that despite the slowdown in growth, PSC Insurance Group is still expected to grow meaningfully faster than the wider industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for this year. Analysts also expect revenues to perform better than the wider market. Seeing the dramatic upgrade to this year’s forecasts, it might be time to take another look at PSC Insurance Group.

Analysts are clearly in love with PSC Insurance

Insurance broker Arthur J. Gallagher & Co. and its claims unit, Gallagher Bassett, reported that a ransomware incident that happened on Saturday, Sept. 26 limited some of its internal systems.

In a filing with the Securities and Exchange Commission (SEC), the company said it took all of its global systems offline as a precautionary measure, initiated response protocols, launched an investigation, engaged external cybersecurity professionals, and implemented its business continuity plans to minimize disruption to its customers.

On Monday, the Illinois-based global insurance broker reported it had restarted or was in the process of restarting most of its business systems.

As of Tuesday noon (EDT), Gallagher Basset still had a notice on its website that it was experiencing a system outage and is “working diligently to restore all functionality.”

On Monday, Gallagher said that based on the current information, it did not expect the incident to have a material impact on its business, operations or financial condition.

Ransomware attacks grew by nearly 50 percent in the 2020 second quarter compared to the first three months of the year, according to a recent report by cyber insurance and security firm Coalition. Larger organizations in Coalition’s sample, with revenues of $100 million to $250 million, were five times as likely to experience claims as small organizations, with revenues under $10 million.

Coalition said the growth in the attacks underscores the risks created by pandemic-related work-from-home requirements.

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In the current volatile markets, a basic fundamental analysis of companies is not enough to zero in on stocks that have the potential to generate solid returns. In such a situation, expert advice helps picking the right stocks. You could simply follow broker rating upgrades, as they have a deeper insight into stocks, the sectors and the overall economy.

Brokers directly communicate with the top management. They also thoroughly study the publicly available documents and attend conference calls.

In addition, brokers scrutinize the fundamentals of companies and place them against the current economic backdrop to find out how the stocks will fare as an investment option. Hence, by following broker rating upgrades, you can easily find attractive stocks.

But solely depending on broker upgrades is not advisable. You must take into consideration a few other factors before adding a stock to your investment portfolio. This way you can ensure steady returns.

Choosing the Winning Strategy

We have a screening strategy that will help you in your search for potential winners:

Broker Rating Upgrades (four weeks) of 1% or more: The screen selects stocks that have witnessed broker rating upgrades of 1% or more over the last four weeks.

Current Price greater than $5: The stocks must be trading above $5.

Average 20-day Volume greater than 100,000: A large trading volume guarantees that the stock is easily tradable.

Zacks Rank equal to #1 or 2: No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have a proven record of success. You can see the complete list of today’s Zacks #1 Rank stocks here.

VGM Score of A or B: Our research shows that stocks with a VGM Score of A or B when combined with a Zacks Rank #1

People save and invest to improve their high quality of life. As folks say that poverty is a disease, when the illness will not be cured on time, it can kill the person who is affected by it. Bringing it right down to the human life, poverty leads individuals to hunger which later leads to their dying.

Ravens are also related to Mithras, and in Mithraic religion (common among the many Roman military) the first initiation was referred to as the raven or servant of the solar”. First, here’s a listing of deities related to ravens, probably the most carefully associated of which would be the Celtic goddess, the Morrigan, and the Norse god Odin.

The second I acquired the cash, I felt the love of God pour over me like heat oil. Debt Finance: lending money from banks, financial institutions and many others. Ravens are generally spoken of as the protectors of prophets. They were referred to as Picts by the Romans as a result of they were “painted people” and even at the moment we do not know what they called themselves.

The large advantage nevertheless is that the cash that’s invested into your online business from equity finance by no means must be repaid. Unfortunately, during this time in my life, I wasn’t trusting God as my supplier. I love both Ravens & Crows. Sometimes God will lead an individual on what amount of money to offer.

The federal government that rules African international locations should not the one people who are corrupt but additionally the people they rule. I love Crows, as I love Life 🙂 Thanks Miss Mer Faery for sharing your information of the Raven. You gave reward for someone you love like roses, chocolate, jewellery, and so on.…