iNews Briefs
Cayman Islands NRA warns “Keep sidewalks clear and keep our pedestrians safe”
Cayman islands National Roads Authority (NRA) officials wish to remind property owners and residents of the hazards of obstructing pedestrian areas, and business owners the dangers of placing private signs (especially sandwich boards) on sidewalks.
“These signs pose great risk to our pedestrians as they have to step-out into the road to avoid the sign,” said NRA Managing Director Paul Parchment. Areas that are non-compliant include businesses along Dorcy Drive, North Sound Road and Seven Mile Beach.
The NRA requests that any obstruction to pedestrian mobility on a sidewalk or roadside walkway be removed by the end of March 2015.
Under the Roads Law, road encroachments carry fines of up to $5,000. After serving notice, the NRA may remove or reduce the obstruction – at the owner’s expense.
“We kindly ask property owners to ensure that all trees, landscaping and signs pose no danger to pedestrians or drivers. For clarity, it helps to consider that the majority of the Cayman Islands’ roadways consist of a carriageway (for motor vehicles), as well as a narrow shoulder (usually three to ten feet wide) normally used by pedestrians,” added Mrs. Pandohie, Transportation Planner, NRA.
Accordingly the public is reminded that such encroachments of sidewalks and road corridors violate Section 16 of the Roads Law and can be reported to the NRA.
To report an encroachment or obtain more information, call the NRA on 946-7780 or visit the website: www.caymanroads.com or our new facebook page at facebook.com/nraroads.
Three Romanians plead guilty to credit card fraud in Cayman Islands
Romanians Florin Roata, Roland Pop and Ianaca Vismos all pleaded guilty to cloned credit cards to withdraw money from cash machines in a conspiracy to defraud Cayman Islands banks.
The Crown accepted the guilty pleas on Friday (6) and two of the men, Pop and Vismos are scheduled to appear for sentencing on March 31. These two had also admitted to money laundering in relation to more than US$100,000 in cash found in their possession.
However, Roata has denied money laundering. All three men denied related charges of theft.
Roata’s girlfriend, Mariana Oprinoiu, denied charges of conspiracy, theft and money laundering. Her case was adjourned to March 20th for a trial date to be set. Roata’s case was adjourned pending discussions between counsel over his plea.
The conspiracy was executed last December on Grand Cayman.
NFL found liable in Super Bowl seating fight
By Jess Davis From Law360
Law360, Dallas (March 12, 2015, 10:55 AM ET) — A Texas federal jury said Thursday the National Football League should pay about $75,000 to seven Super Bowl ticketholders displaced from their seats or who had obstructed views at the 2011 game at AT&T Stadium, though the possibility of a mistrial based on key witness testimony still hangs over the case.
For more: http://www.law360.com/texas/articles/630352/breaking-nfl-found-liable-in-super-bowl-seating-fight
Hot property: The Sanctuary, Parrot Cay, Turks & Caicos, Caribbean
Panna Munyal From The National
This private island retreat belongs to the fashion designer Donna Karan and is part of the Parrot Cay resort. Originally built in 1988 by a Kuwaiti family and then taken over by the Como Group hotelier Christina Ong in 1998, the resort also includes the five-bedroom Residence and the Rocky Point Villas.
The Sanctuary covers 10 acres, but Karan plans to hold on to one of the four villas, two swimming pools and the spa area. That leaves seven acres – including a two-storey yoga pavilion and beach-side master swimming pool – up for grabs for US$39 million (Dh143m).
It’s designed by the architect Cheong Yew Kuan, who has worked on resorts for the Four Seasons, Alila and Como groups as well as a residence for one of Abu Dhabi’s sheikhs. The estate is on Turks & Caicos, a secluded island in the Caribbean –and yet still just a short flight away from both Manhattan and Miami.
The beachfront property, available through Christie’s International Real Estate, comes fully furnished, and includes art and accessories that Karan has collected from all over the world, a dining pavilion for 20, a kitchen and staff quarters. Plus, of course, access to the main hotel’s chefs, therapists and housekeeping facilities.
The new owners can set up home in two 3,500-square-foot villas, each with a second-floor master bedroom with 360° views and three guest rooms. The villas’ interiors feature soothing cedar and coral walls, teak furniture and limestone accents. A third house is perfect for guests or to throw Gatsby-esque parties.
Karan has said that she’s selling the property because it’s “more space than I need, although I frequently vacation on the island”. So you know who to include on your island-warming guest list.
Cayman Basketball: D1, D2 merger set to bring excitement
From Digicel Sportsmax
A merger between the top two divisions in Cayman’s basketball league is expected to a longer and more competitive season.
Previously there were five teams in division one and nine in division two. They have now been merged into one division of 14 teams. Each team will play each other once during the season. However, at the end of the regular season series, the top four teams in Division 2 will separate from the top four Division 1 sides and play against each other in respective zones. Ultimately, there will be a D1 champion and a D2 champion.
So far things seem to be going well.
“This merger of the two divisions has proven to be a success so far, especially due to the recent outcome where a Division 1 team was upset by a Division 2 team. And, with still quite a number of games remaining, we can look forward to more surprises,” said basketball technical director Victor O’Garro.
Among the Division One teams, five-time champions George Town Sports Club have brought in new players to play with established players like Jamaal Miller and Travis Barnes, while three-time defending champions Sol Blazers will most likely be the team toppled this year as they are in rebuilding mode.
In Division 2, new teams PwC and CI Hoopsters will be the teams to watch.
Defending champions Welly’s, Dream-Home Gas Flames and Lady Warriors should be in the thick of things in the women’s league.
Steve McIntosh: Cayman Islands Chamber Volunteer of the Year 2014
Councillor Steve McIntosh was named Chamber Volunteer of the Year for 2014 at the Annual General Meeting recently. McIntosh served as the Chair of the Leadership Cayman Class of 2014 and is a member of the Chamber Council. Immediate Past President Johann Moxam said “McIntosh was eager to assist the Council with drafting surveys and position papers on key issues. He served as a great Chamber ambassador during the year.” If you would like to volunteer to serve the Chamber please contact CEO Wil Pineau, CCE at [email protected] or call 743-9122.
Caribbean-like feel to World Day of Prayer
By Kristine Jean, From Mitchell Advocate
Christians around the world observed the 2015 World Day of Prayer last Friday, March 6.
Churches of all denominations unite every year and participate in services that include prayer, music and worship.
Here in Mitchell, approximately 50 residents gathered at Knox Presbyterian Church for the annual event.
Participants dressed in colourful, Caribbean-like clothing to reflect the focus for this year’s service, The Bahamas.
“Community churches all take turns hosting the World Day of Prayer. Everyone is welcome to come and hear the service,” said organizer Marg French. “There is lots of music and scripture readings.”
The World Day of Prayer began in 1922 by women in Canada and the United States. It is now observed in more than 170 countries and close to 2,000 communities across Canada.
The World Day of Prayer is an international ecumenical movement that brings Christians of different denominations and traditions together for a common day of prayer each year.
This year’s service was written by the women of the Bahamas and revolved around the theme “Jesus said to them: Do You Know What I Have Done to You?”
“Every year we have different countries from around the world writing the service for the World Day of Prayer,” said French, pointing out this year’s country. “We will pray for the people of the Bahamas.”
This year’s theme is taken from biblical scripture, and is based on the Gospel of John 13: 1-17, where Jesus washes the feet of his disciples.
Upon finishing, He asks them the question “Do you know what I have done to you?”
With the washing of the feet, Jesus set an example of radical love – an example that we are to follow and demonstrate towards each other in our daily lives.
In addition to prayers, music and worship, the World Day of Prayer service also collected offerings to support project grants to benefit women and children in need around the world.
French said the World Day of Prayer is a time for local residents and people around the world to join together and pray together.
“Like every country in the world, we all need prayer,” French said.
IMAGE: The 2015 World Day of Prayer was held last Friday, March 6 at the Knox Presbyterian Church in Mitchell. This year’s focus was The Bahamas, and some of the participants included Beryl Ortelli (left), Anne Mulholland, Thelma Kudelka, Jean Sykes, Vicki Williamson and Jane Whittemore. KRISTINE JEAN/MITCHELL ADVOCATE
For more: http://www.mitchelladvocate.com/2015/03/09/caribbean-like-feel-to-world-day-of-prayer
Cayman Portal registration deadline extended
From Harneys
An update was released recently by the Cayman Islands Department of International Tax Cooperation in relation to the status of the Cayman Automated Exchange of Information Portal (Portal) and the requirement for Cayman Islands Financial Institutions to register with the Cayman Islands Tax Information Authority.
Cayman Islands Financial Institutions will generally be required to register with the Cayman Islands Tax Information Authority, however the deadline for registration has been postponed from March 31, 2015 until April 30, 2015.
It is expected that the Portal will be operational during March and Financial Institutions now have under April 30, 2015 to register their status via the Portal. The first reporting deadline is May 31, 2015 and Financial Institutions should take steps to work to these deadlines.
It is understood that the reporting format will be consistent with the schemas currently published by the US Internal Revenue Service for US FATCA and those published by the OECD for the Common Reporting Standard.
Please contact Andrew Morehouse, Ross Munro or Kate Taft or any other member of our FATCA team for more information about this topic.
For more: http://www.harneys.com/publications/legal-updates/cayman-portal-registration-deadline-extended
Town exporter at the forefront of new Caribbean trade council
By Grimsby
IMAGE: HIGH RANKING: The Queen receives Dame Pearlette Louisy at Buckingham Palace, London. Grimsby’s Ramsden International is a three-time Queen’s Award winner.
A calypso collaboration is set to open the door for UK businesses dealing in everything from food and drink to energy and culture, with the launch of a second British Caribbean Chamber of Commerce.
And Grimsby’s Ramsden International is among those looking forward to its introduction, as they work to build on the success of the first, set up by the Hull and Humber team in 2001.
Many more businesses are expected to benefit from the establishment next week of an office in St Lucia which will work alongside the original centre in Port of Spain, Trinidad.
Each will have its own advisory committee, reporting to the board of the Hull and Humber Chamber of Commerce, which has set up the Caribbean Chamber network through its international trade department.
Ian Barker, of Ramsden International, the grocery exporter based in Adam Smith Street, outlined benefits of the existing arrangement. He said: “By providing market information, contacts for retailers and distributors and organising networking events, I gained two new customers in Trinidad, both of whom have good potential going forward. We already supply Consolidated Foods Ltd in St Lucia directly and have established a close working relationship with them over the last few years.”
Pauline Wade, director of international trade at the Hull and Humber Chamber, arrived in the Caribbean this week and will be joined by chief executive Dr Ian Kelly to represent British businesses at the launch on March 17.
Also present will be the Governor General of St Lucia, Dame Pearlette Louisy; Prime Minister of St Lucia, Kenny Anthony; British High Commissioner to Barbados and the Eastern Caribbean, Victoria Dean and Debbie Worrell, political officer at the British High Commission.
Ms Wade said: “As demonstrated by the list of dignitaries, this is very significant for business in the Caribbean. But it is also important for British businesses, and we have success stories from our own part of the world to underline that.”
Future of Cayman
From CI Chamber
Every jurisdiction needs a blueprint for future economic growth and development and the Chamber of Commerce’s Future of Cayman initiative is a bold and ambitious attempt to co-ordinate both public and private sector input to ensure that Cayman’s current economic success is sustainable and secure for the long term.
Through extensive consultation with the public and private sectors, the Chamber under the Future of Cayman initiative, has identified five main drivers of Cayman’s economy – developing talent, creating a business-friendly environment, building a smarter infrastructure, diversifying the economy and building a better quality of life. These were considered the most critical areas of life that needed addressing if we are to maintain our prosperous way of life in the future.
In 2010 a Future of Cayman Forum was held that saw discussion groups comprised of subject experts carefully analyse each main driver. From these discussions, objectives were determined and action points formulated by which the objectives would be met.
In 2012 the second Future of Cayman Forum was held, this time a public forum that saw experts discuss two drivers that were felt to be the most critical to Cayman’s future development: developing talent and building a smarter infrastructure. Much discussion and analysis took place and the findings are helping to shape the initiative moving forward, however there is still a great deal of work to be done to ensure that the Cayman Islands economy continues on its successful upward trajectory. The Chamber of Commerce encourages everyone to come on board and ensure the success of the initiative.
The daft reason for Johnny Depp’s Pirates of the Caribbean injury
By Ben Arnold UK Movies Writer From Yahoo News
It wasn’t a cutlass or a stray hook, nor was it a splinter from the poop deck… nope, Johnny Depp was flown back to the US this week after hurting his hand while go-karting, it’s emerged.
News from the production of ‘Pirates of the Caribbean: Dead Men Tell No Tales’ arrived earlier this week, informing us that Depp had sustained an injury ‘off-set’.
According to the Gold Coast Bulletin, Depp was a guest at the ‘palatial’ estate of Australian motorcyclist and former Moto GP world champion Mick Doohan over the weekend.
The property, in Coomera, Queensland, boasts many mod cons, including 16 hectares of grounds, tennis courts and outdoor pools.
But it was on Doohan’s own private racing track that Depp was karting when he wounded his hand.
Depp was spotted boarding a private jet on Tuesday afternoon, in which he was flying back to Los Angeles to have surgery.
Though he will be out of action for two weeks, seemingly the incident is not likely to cause any significant delay to the production of the $250 million Hollywood behemoth.
Which is no doubt a relief to the movie’s insurance company.
Depp has been making hay while in Australia.
He was spotted in Brisbane last month attending a Marilyn Manson gig, and was also seen checking out the Foo Fighters a few days earlier.
The movie, which will also star Aussie actor Geoffrey Rush and Javier Bardem, playing villain Captain Salazar, is aiming for a July 2017 release.
The Depp injury followed news that a ‘real-life’ pirate had allegedly threatened a member of the security staff on the film.
The man complete with shoulder parrot, was later arrested.
For more: https://uk.yahoo.com/movies/the-daft-reason-for-johnny-depps-pirates-of-the-113422495676.html
First Call Rating Update on Qunar Cayman Islands Limited
By Thomas Lindt From Wall Street Pulse
Qunar Cayman Islands Limited (NASDAQ:QUNR) has received a Buy rating from First Call in their declaration. The rating agency has disclosed the information in the equity research recommendation.
Qunar Cayman Islands Limited (NASDAQ:QUNR) concluded the market session with a depreciation of 1.18% or 0.33 points in its share value. During the day, bullish momentum boosted the stock to a high of $28.06 but the rally soon fizzled out and the stock ended the day at $27.68. The first transaction was executed at $27.97 and the lowest price hit was $27.46. Volume during the volatile session remained fairly strong at 236,409 shares. The 52-week high price is $34.28 and the 52-week low is $21. The market cap of the counter is valued at $1,030 million and there are close to 37,208,000 shares in outstanding.
Shares of Qunar Cayman Islands Limited (NASDAQ:QUNR) appreciated by 5.7% during the past week but lost 4.49% on a 4-week basis. The shares have outperformed the S&P 500 by 7.4% in the past week but underperformed the index by 5.22% in the last 4 weeks.
Qunar Cayman Islands Limited (NASDAQ:QUNR) announced the earnings results for Fiscal Year 2014 and Quarter 3. The results came in during after-hours on December 1,2014. Company reported revenue of $81.60 Million, above the estimates of $77.67 Million. The revenues were $3.93 Million or 5.06% above the estimates. Earnings per share were $-0.78.
For more: http://wallstreetpulse.org/first-call-rating-update-on-qunar-cayman-islands-limited/341937/
Turks and Caicos (TCI) appoints new DPP
The Governor of TCI announced on 10 March the appointment of John Masters as the new Director of Public Prosecutions.
Mr Masters will take up the position on April 27, 2015, following the departure of his predecessor JoAnn Meloche in early February. A qualified Barrister, he has 27 years post admission qualification experience in UK, Australia and the Cayman Islands.
“I am pleased to announce the appointment of John Masters to this important post,” said Governor Peter Beckingham, who approves all senior public appointments in the Territory. “He brings with him a wealth of experience, and I hope his skills will enhance the work of the prosecutions department within the overall criminal justice system.”
Speaking about his appointment, Mr Masters said: “”I am extremely proud and honoured to be entrusted with such an important role and look forward to serving the people of the Turks and Caicos Islands as their Director of Public Prosecutions.”
The DPP role was advertised locally, regionally and internationally. It attracted a field of 11 applicants, with five candidates shortlisted for interview by a panel which included the Governor, Attorney General Rhondalee Braithwaite-Knowles, and Wendall Swann from Swann & Swann Attorneys at Law.
US General: Extremist recruits going to Syria from Caribbean
By Lolita C. Baldor Associated Press From ABC
The top U.S. general in South America says about 100 would-be militants have left the region to go fight with Islamic extremists in Syria. Gen. John Kelly says that if they return to their home nations, those recruits could come up through cross-border networks into the U.S.
Kelly, who heads the U.S. Southern Command, says Iran and Islamic extremist groups are doing a fair amount of recruiting in the region. He says most recruits have left from Caribbean nations to go to Syria.
Kelly also says the small Caribbean nations are extremely concerned about the extremists returning home to conduct terror operations, because they don’t have any real ability to deal with the problem. He says the recruits could use the drug and other criminal networks to cross into America.
For more: http://abcnews.go.com/Politics/wireStory/us-general-extremist-recruits-syria-caribbean-29582835
Meet the 2015 Council of the Cayman islands Chamber of Commerce
IMAGE: 2015 Chamber Council-500
The newly elected Chamber Council is a talented group of business leaders who represent different industry sectors. Newly elected members include: (Vice President) Kyle Broadhurst, attorney and director at Broadhurst LLC, and (Councillors) Gary Rutty, Managing Director of Burger King, Popeyes and Comfort Suites, Christopher Kirkconnell, Vice President, Operations, Kirk Freeport Ltd. and Derrington “Bo” Miller, Managing Director of Wastewater Purifications Systems. Returning Councillors who were elected to leadership roles include: Paul Pearson, Director of Davenport Development Ltd., (President-Elect), Colin Reid, Chief Operations Officer for Bodden Holdings, (Secretary) and Wayne Cowan, Director, Strategic Risk Solutions (Treasurer). The Chamber’s Executive Committee includes: President Barry Bodden, President-Elect Pearson, Vice President Broadhurst, Secretary Reid, Treasurer Cowan and CEO Wil Pineau, CCE. The Council meets monthly and establishes policy and the strategic direction for the Chamber. In future e-newsletters we will profile each Council member. Each Councillor represents a specific industry sector and members are encouraged to contact the Council in their industry sector on any matters of concern or to provide information about trends in the industry.
Virginia Tech student falls overboard from Carnival cruise ship during Caribbean spring break
By Meg Wagner New York Daily News Wednesday, March 11, 2015, 1:31 PM A A A
The Coast Guard has stopped searching for Cameron Smook, the Virginia Tech senior who fell overboard from a cruise ship near the Bahamas Sunday.
The Coast Guard has called off its search for a Virginia Tech student who fell overboard while on a spring break Caribbean cruise Sunday.
Cameron Smook, a 21-year-old engineering senior, went missing from the Carnival ship Sunday, a day after it set sail from Miami, his family said in a statement.
Smook and several of his friends were on the Carnival Glory for a seven-day cruise during the university’s spring break. Surveillance video from the boat showed Smook fall off the ship while it was cruising near the Bahamas.
Between Sunday and Tuesday, the Coast Guard searched 6,500 nautical square miles. Another Carnival ship, Ecstasy, diverted course to help with the search, the company said in a statement to the Daily News.
When the hunt yielded no signs of the college student, the team called it off..
Smook, from Glen Allen, Va., was on track to graduate this spring and had just accepted a job offer, his family said.
Carnival said it is providing support for Smook’s traveling companions and his family back home.
Cayman Islands Big Brothers Big Sisters want you to DRESS PURPLE
The Cayman Islands Big Brothers Big Sisters (BBBS) is asking the public to help raise awareness and funds so that children in Cayman can reach their full potential.
BBBS is asking individuals, schools, and companies to dress purple and kindly make a donations of $5 for adults and $2 for students.
BBBS pairs mentors with youngsters who are facing adversity in a bid to guide, inspire and motivate young people as they develop, with the hope of having them reach their full potential.
This is the 20th anniversary of the organisation,
Three New Adventist Television Channels to be launched in the Caribbean Basin
From ANN, March 9, 2015: In an ambitious move, three new satellite television channels will be started during 2015 to operate in Spanish, French and English across the Caribbean and parts of Latin America. These are initiatives of the Seventh-day Adventist denomination’s Inter-American Division (IAD) and will join the worldwide Hope Channel sponsored by the denomination.
“Our main objective with the new channels is to present the gospel to our region in a culturally relevant context, provide opportunities for all language groups to minister to their constituencies, develop and expose nascent talents, and assist viewers who are seeking spiritual answer to their daily challenges,” stated Pastor Leon Wellington, communication director of the IAD.
The three operations will be named Hope Channel Américas, Hope Channel Caribbean, and Hope Channel Français. At a meeting last week communication professionals and denominational administrators from throughout the region worked to determine where to base each channel and discussed technical issues and needs.
Hope Channel’s president, Pastor Brad Thorp, congratulated IAD leaders for establishing the new channels. As communicators who influence the Adventist movement, who project the image of the Adventist faith, “Hope Channel is the window to the world as to who we are … carrying the compassion of Christ through our programs,” said Thorp.
Building a series of programs to fill three channels will be the first step before launching the actual transmission, said Thorp. Normally for a channel to launch, there must be at least 1,000 programs available and potential for additional productions, he explained. “We need good sermons, technical expertise in every story, in every report, and we need that element of compassion to come out to be up close and personal” he added.
Out of the 18 or so production centers throughout the region, Montemorelos media center and Inter-Oceanic Mexican media center are the two that have been consistently providing programming for Hope Channel’s Esperanza TV, said Abel Marquez, associate communication director for the IAD, who will oversee management of the three new channels. He said most of the rest of the production centers will provide programming for their regions and will create programs for the new channels.
More information on the three new channels is available at www.interamerica.org.
The Adventist News Network (ANN) is the official news agency of the Adventist denomination. Libna Stevens was the primary reporter for this news bulletin.
SOURCE: http://atoday.org/three-new-adventist-television-channels-to-be-launched-in-the-caribbean-basin.html
Author Terry Pratchett has died and left us with some moving final tweets
By Tim Chester From Mashable
IMAGE: British novelist Terry Pratchett, pictured in 2012, has died aged 66.IMAGE: EPA/ALESSANDRO DELLA BELLA
LONDON — Author Terry Pratchett has died at the age of 66.
His Twitter account first hinted at the news with a tweet in all caps, which is how the author had come to characterise Death – one of his most memorable characters in his books. Sadly a second tweet confirmed the news.
Another linked to a formal statement about his death that announced: “It is with immeasurable sadness that we announce that author Sir Terry Pratchett has died at the age of 66.”
A fourth simply said “The End.”
“The world has lost one of its brightest, sharpest minds,” Larry Finlay, MD at Transworld Publishers said.
“In over 70 books, Terry enriched the planet like few before him. As all who read him know, Discworld was his vehicle to satirize this world: he did so brilliantly, with great skill, enormous humour and constant invention.”
“Terry faced his Alzheimer’s disease (an ’embuggerance’, as he called it) publicly and bravely. Over the last few years, it was his writing that sustained him. His legacy will endure for decades to come.”
Terry Pratchett passed away “in his home, with his cat sleeping on his bed surrounded by his family on 12th March 2015,” the statement said.
A Just Giving page raising money for the Research Institute for the Care of Older People (RICE) has been launched in his memory. It received more than £5,000 ($7,500) within minutes of the news breaking.
Tributes are also pouring into the page. “The world will be significantly more boring without you,” one reads. Another says: “Thanks for all the giggles and all the many hours spent engrossed in your books. God bless you and your family and may you all now rest in peace.”
Terry Pratchett specialised in often comic fantasy works. He has sold over 85 million books worldwide since his first novel, The Carpet People, was published in 1971. He’s most well-known for his Discworld series of books, the first of which was published in 1983.
He received a knighthood in 2009 for his services to literature.
He was diagnosed with Alzheimer’s in 2007, but continued to write, completing his last book in the summer of 2014. In a lecture entitled Shaking Hands With Death in 2012, he defended assisted suicide and the right to choose how and when we end our lives. He brought a “stunt Pratchett”, Tony Robinson, to read the speech on his behalf.
Fellow author and friend Neil Gaiman posted a blog shortly after the news was announced.
“There was nobody like him,” he wrote. “I was fortunate to have written a book with him, when we were younger, which taught me so much.”
“I’ll miss you, Terry.”
WuXi PharmaTech (Cayman) Lowered to Neutral at Credit Suisse (WX)
From The Legacy
Credit Suisse lowered shares of WuXi PharmaTech (Cayman) (NYSE:WX) from an outperform rating to a neutral rating in a report released on Thursday, TheFlyOnTheWall.com reports.
Credit Suisse has also updated their ratings on a number of other stocks in the last week. The firm reiterated its restricted rating on shares of Rexam PLC. Also, Credit Suisse reiterated its restricted rating on shares of Rexam PLC. Finally, Credit Suisse reiterated its underperform rating on shares of Standard Chartered PLC. They have a GBX 880 ($13.26) price target on that stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley reiterated an overweight rating and set a $42.00 price target on shares of WuXi PharmaTech (Cayman) in a research note on Tuesday. Separately, analysts at Goldman Sachs downgraded shares of WuXi PharmaTech (Cayman) from a conviction-buy rating to a neutral rating and lowered their price target for the stock from $44.50 to $39.50 in a research note on Friday, March 6th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $40.25.
Shares of WuXi PharmaTech (NYSE:WX) traded down 0.60% during mid-day trading on Thursday, hitting $36.74. 177,672 shares of the company’s stock traded hands. WuXi PharmaTech has a 52 week low of $29.84 and a 52 week high of $42.31. The stock has a 50-day moving average of $40. and a 200-day moving average of $36.. The company has a market cap of $2.58 billion and a price-to-earnings ratio of 23.09.
WuXi PharmaTech (Cayman) (NYSE:WX) last posted its quarterly earnings results on Thursday, March 5th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. The company had revenue of $190.60 million for the quarter, compared to the consensus estimate of $189.54 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. Analysts expect that WuXi PharmaTech will post $1.81 EPS for the current fiscal year.
WuXi PharmaTech (NYSE:WX) Inc (WuXi) is a pharmaceutical, biotechnology and medical device research and development (R&D) outsourcing company, with operations in People’s Republic of China and the United States. The Company provides a portfolio of laboratory and manufacturing services throughout the R&D process to its customers, which include the world’s pharmaceutical, biotechnology and medical device companies.
For more: http://www.lulegacy.com/2015/03/12/wuxi-pharmatech-cayman-lowered-to-neutral-at-credit-suisse-wx/
