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On Oct 1, we issued an updated research report on Align Technology, Inc. ALGN. The company is riding on strong product development and a consistent focus on international markets. However, the current coronavirus-led economic unrest casts a negative impact on Align Technology’s dental procedures. The stock carries a Zacks Rank #3 (Hold).
Shares of the company have outperformed its industry over the past six months. The stock has surged 115.3% compared with the industry’s 25.1% rise.
Align Technology exited the second quarter of 2020 with better-than-expected revenues. Japan, APAC, Taiwan and South Korea saw successful recovery efforts and performed better than the company’s expectations. APAC’s growth was led by China, Taiwan, Hong Kong and South Korea’s position in the recovery curve. APAC reflected improving trends as practices reopened and got the Invisalign business back on track along with COVID-19 recovery measures implemented by Align Technology in China.
Revenues from exocad
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* Graphic: World FX rates tmsnrt.rs/2egbfVh
* Graphic: Foreign flows into Asian stocks tmsnrt.rs/3lKhL5I
* Taiwan dollar hits seven-year high
* Indonesia's rupiah at highest since Sept 2
By Anushka Trivedi
Sept 21 (Reuters) - South Korean stocks declined 1% on
Monday in a broad-based sell-off, while other Asian markets
traded within a range as rising COVID-19 cases locally and in
Europe dampened investor sentiment.
South Korea's tech-heavy main index hit a more than
one-week low despite solid export data, while Singapore,
Philippine and Malaysian markets were largely
Investor sentiment was hit as European nations from Spain to
Denmark imposed new restrictions to contain surging coronavirus
infections in some of their largest cities while Britain was
reported to be contemplating reinstating lockdown.
Risks of increased military tensions between the United
States and China as some Washington officials visited Taiwan
last week also added to concerns.
"Uncertainties arising from potential