基金表现 - 阿里尔全球基金在2025年第二季度上涨7.38% 同期MSCI ACWI指数上涨11.53% MSCI ACWI价值指数上涨5.84% [1] - 季度内股市因4月初"解放日"关税公告下跌 随后因关税暂停实施而反弹 [1] - 人工智能主题股票热情高涨及强劲企业盈利推动全球和美国指数创新高 [1] 西班牙对外银行投资分析 - 公司总部位于西班牙毕尔巴鄂 提供零售银行、批发银行和资产管理服务 市值达1104.12亿美元 [2] - 一个月回报率为1.54% 52周内股价上涨81.97% 2025年9月16日收盘价为19.18美元 [2] - 运营墨西哥最大银行 在南美洲和土耳其拥有领先特许经营权 [3] - 墨西哥贷款增长预计来自市场份额提升、低杠杆水平和美国生产近岸外包潜力 [3] - 土耳其业务受益于吸引人的年龄人口结构 通胀下降和政策利率降低有助于收入增长 [3] - 与萨巴德尔银行潜在合并可通过市场份额增长、成本协同效应和产品规模及技术投资释放重大价值 [3] - 当前股价较同行存在显著折价 尽管提供更优越的股本回报率 [3] 机构持仓情况 - 未入围对冲基金最受欢迎的30支股票名单 [4] - 2025年第二季度末有10只对冲基金持仓 较上一季度的12只减少 [4]

PresentationGuido OelkersCEO & President Hello, everyone. This is Guido Oelkers, CEO of Sobi. We are delighted to welcome you to this call to discuss the NASP program after we have just received the acceptance of the filing package with FDA for uncontrolled gout. Please turn to Slide 2. We would like to remind you of the usual provisions on statements about expectations and projections of future events. With this said, please turn to Slide 3. I'm very pleased to have Dr. Herbert Baraf joining us today. He i ...

Question-and-Answer SessionUnknown Analyst So as always, we go through some questions, and then we'll open up for Q&A in the last 15 minutes or so, depending on how we get on. But why don't we start from where we left things, which is you posted almost 20% RoTE in the first half of the year. You've confirmed that this metric is going to be around 22% on average over the next 3 years, '25 to '28. And maybe we can start with your views on the outlook for the group, and you've presented a new outlook also on t ...

9 月 10 日，萨瓦德尔银行的董事会一致否决了该收购提议，董事会成员David Martinez曾表示，毕尔巴 鄂银行应该提高收购价格。Martinez是一位墨西哥投资者，通过其投资公司成为了萨瓦德尔银行的最大 股东之一。 在接受杂志时，Oliu还表示，萨巴德利尔公司的股东最终将持有合并后公司约 20%的股份。 萨瓦德尔银行董事长Josep Oliu在周一的报道中表示："30%的溢价将使我们能够认真考虑这一提议。"他 称，如果毕尔巴鄂银行将报价提高到这个水平，其董事会将会开会进行审议。 毕尔巴鄂银行董事长Carlos Torres表示，他无意提高收购报价。该报价主要以股票形式进行，目前价格 比萨瓦德尔银行的市值低约 10%。该报价于 2024 年 5 月首次提出，当时溢价超过 30%。但此后由于萨 瓦德尔银行股价的上涨，这一溢价已不复存在。Oliu领导了反对该提议的斗争，并成功说服了政界人士 和商界团体支持他的主张。 智通财经APP获悉，西班牙萨瓦德尔银行(Banco Sabadell SA)的董事长呼吁竞争对手西班牙毕尔巴鄂银 行(BBVA.US)大幅提高收购报价，否则该提议将不会被考虑。而就在不到一周前 ...

PresentationCecilia Romero ReyesResearch Analyst Thank you very much for taking the time. We're delighted to host you today. So thanks very much. So the agenda for today, we have about 25 minutes set aside to discuss the investment case. Afterwards, we will open the floor for a round of questions. And then we will end with an investor survey. You can use the devices you have in front of you to participate. So welcome to participate. ...

PresentationCecilia Romero ReyesResearch Analyst Thank you very much for taking the time. We're delighted to host you today. So thanks very much. So the agenda for today, we have about 25 minutes set aside to discuss the investment case. Afterwards, we will open the floor for a round of questions. And then we will end with an investor survey. You can use the devices you have in front of you to participate. So welcome to participate. ...

西班牙萨瓦德尔银行(Banco Sabadell SA)的一位主要股东表示，不会接受西班牙毕尔巴鄂银行 (BBVA.US)当前报价为180亿美元的收购要约，此举进一步加大了潜在收购方的提价压力。 萨瓦德尔银行首席执行官Cesar Gonzalez Bueno本周早些时候表示，鉴于该行此前已拒绝过相同报价， BBVA的当前报价"不可能是最终方案"。 然而，多位分析师表示，BBVA可能需要提高报价才能确保收购成功。目前其为萨瓦德尔银行估值的隐 含价值低于该公司的市值，这表明许多投资者预计收购报价将会上调。 根据BBVA的收购方案，萨瓦德尔银行股东每持有5.5483股股份，可换取1股BBVA新发行的普通股以及 0.70欧元现金。按周四收盘价计算，萨瓦德尔银行的估值约为153亿欧元(合179亿美元)，而其市值约为 169亿欧元。 据悉，BBVA已多次明确表示不会提高报价。该行董事长Carlos Torres上周五再度强调，"没有理由"采取 这一举措。 事实上，萨瓦德尔银行过去已多次表态反对这项交易。 董事会作出上述声明之前，BBVA已于周一向萨瓦德尔银行股东启动了要约收购程序。股东需在10月7 日之前作出决定。 萨瓦 ...

The board of Spanish lender Sabadell on Friday issued an unfavourable recommendation regarding BBVA's hostile takeover, adding that its Spanish competitor's bid undervalued the bank. ...

By Jesús Aguado MADRID (Reuters) - Spanish bank Sabadell's board unanimously recommended its shareholders reject BBVA's hostile takeover bid on Friday, a move that may add pressure on the rival to increase its offer. BBVA formally launched its 15.3 billion euro ($17.97 billion) bid for Sabadell on Monday as it seeks to create the second-largest Spanish bank in terms of domestic assets worth around 1 trillion euros. That started the acceptance period, which lasts until October 7 with the results of the o ...

BOGOTÁ, Columbia, Sept. 11, 2025 (GLOBE NEWSWIRE) -- The Republic of Colombia (“Colombia”) previously announced a tender offer (the “Tender Offer”) to purchase its outstanding 3.875% Global Bonds due 2026 (the “Old Bonds”) on the terms and subject to the conditions contained in the Offer to Purchase, dated September 10, 2025 (the “Offer to Purchase”). Colombia has instructed Citigroup Global Markets Inc., as the billing and delivering bank for the Tender Offer, to accept, subject to proration and other term ...