Latest news with #SmartParking
Hindustan Times
10 hours ago
- Automotive
- Hindustan Times
Chandigarh: Mayor Harpreet Kaur Babla to call councillors' meet over new ‘Smart Parking' plan
Nearly three months after the Chandigarh MC House scrapped the 'Smart Parking' project, mayor Harpreet Kaur Babla is set to call an all-councillor meeting to run past the project's revised blueprint before tabling it in the General House on June 27. Chandigarh currently has 89 paid parking lots, being run by MC, on around 5.22 lakh square metre area, which can house 16,030 equivalent car spaces. (HT File) The mayor said the parking committee, headed by councillor Saurabh Joshi, has already finalised the terms and conditions of the project, and included it in the request for proposal (RFP). 'But before we take it to the House, we want all councillors to give their feedback and suggestions so that it can be added in the final draft. We will call the all-councillor meet on Tuesday or Wednesday,' said Babla. Officials said the revamped project will have a vehicle-stay tracking system, 'pink parking zones' for women, internet connectivity for real-time parking management, option of pre-booking paid parking slots, and pre-paid parking cards. The software support for these systems is proposed to come from the Society for Promotion of IT in Chandigarh (SPIC). Additionally, there have been deliberations on data protection protocols, revenue-sharing models, inclusion of GST and stamp duties, and a new fee structure. Notably, on April 27, the House had approved a hike in parking rates, which will come into effect once the smart system is rolled out. According to the new structure, parking will remain free for the first 15 minutes at all 89 MC-managed lots — a move aimed at easing quick-turnaround visits and improving vehicle circulation. For longer durations, four-wheelers will be charged ₹ 20 for up to four hours, up from the current ₹ 14. Two-wheeler users will pay ₹ 10, a rise from ₹ 7. Premium rates of ₹ 85 for the first four hours have been proposed for high-traffic commercial hubs such as Elante Mall, Fun Republic, and Piccadily Square, making them the most expensive parking spots in the city. All-councillor meets, a flop-show in past This is not the first time that Babla is calling an all-councillor meeting. The meetings, held in the past, to either discuss agenda for governor meeting or for allocation of ward development funds, have remained a flop show, with the Opposition parties – Congress and Aam Aadmi Party – either boycotting it or walking out after clashes with MC officials. In the 35-member House, the Bharatiya Janata Party has the majority, with 16 councillors, followed by the Aam Aadmi Party with 13 councillors and six of the Congress. House had rejected project over 'flawed' tender conditions Originally conceived in August 2022, the Smart Parking project aimed to introduce a FASTag-enabled parking system across all parking lots in Chandigarh. In July 2023, MC House had decided on new rates to be implemented after the project's rollout. But the project remained on paper and tenders could not be finalised. But after years of delay, the much-anticipated smart-parking project was rejected by the House in March this year, citing flawed tender conditions, and councillors had called for a fresh blueprint with revised rates and conditions. The MC had said the rates proposed in the old project proposal, when combined with GST, result in impractical amounts, making payments inconvenient for residents. In the new proposal now, MC has rounded the figures off for easier transactions. Chandigarh currently has 89 paid parking lots, being run by MC, on around 5.22 lakh square metre area, which can house 16,030 equivalent car spaces (ECS). Though these were earlier managed by private firms, the civic body started operating 73 out of the 89 parking lots since February last year after the private contractors running it were found to be involved in a multi-crore scam. The remaining parking lots are presently running free-of-cost due to MC's limited manpower. In the absence of a proper parking management system, vehicles can often be seen parked haphazardly. The MC earns approximately ₹ 1 crore every month from the 73 parking lots in the city, which is higher than the average when private firms used to run the lots.
Khaleej Times
2 days ago
- Business
- Khaleej Times
Abu Dhabi: Ticketless paid parking comes up at Nation Towers
Motorists in Abu Dhabi can now benefit from ticketless paid parking with another location added in the UAE capital. Salik, Dubai's exclusive toll gate operator, in partnership with Parkonic, a Dubai-based smart parking company, announced on Friday, June 20, that barrierless parking has been added Nation Towers in the capital. The ticketless parking at Nation Towers becomes the fourth location in Abu Dhabi and sixth overall across the UAE, operated by Parkonic. Parkonic's locations in the capital include WTC Abu Dhabi, Shams Boutik, and Arc Tower, while it also operates at the Majestic Towers Sharjah and at the Al Suhub Rest House in Khorfakan. In April this year, Parkonic had added 18 new locations for seamless parking in Dubai taking the total to 24 locations in the city. The new locations that were added in Dubai were Union Coop Nad Al Hamar, Heera Beach, Park Islands, Union Coop Al Twar, Union Coop Silicon Oasis, Union Coop Al Qouz, Union Coop Al Barsha, Cedre Villas Community Centre, Burj Vista, Al Qasba, Union Coop Mankhool, Lulu Al Qusais, Marina Walk, West Palm Beach, The Beach JBR, Opus Tower, Azure Residence and Union Coop Umm Suqeim. The other locations are Dubai Harbour on-street parking, Museum of the Future, Global Village (premium), Sofitel downtown, the Crescent and Central Park. How to use Parkonic app? To use the app, drivers have to create a Parkonic account, register their vehicle license plates and top up their wallets. After entering and parking at any parkonic locations, drivers will find a sign displays the car parking rates. When exiting, parking fees will be deducted automatically from the wallet. Users can also pay via cash before they exit through parkonic pay station at the location.
Yahoo
26-05-2025
- Business
- Yahoo
3 ASX Stocks Estimated To Be Trading Up To 40.9% Below Intrinsic Value
The Australian market has shown mixed performance with the ASX 200 closing up slightly at 8,361 points, driven by gains in the IT and Materials sectors, while Utilities lagged significantly. In such a fluctuating environment, identifying undervalued stocks can offer potential opportunities for investors seeking to capitalize on discrepancies between market prices and intrinsic values. Name Current Price Fair Value (Est) Discount (Est) Smart Parking (ASX:SPZ) A$0.895 A$1.74 48.5% Elders (ASX:ELD) A$6.16 A$11.39 45.9% Austal (ASX:ASB) A$5.22 A$9.12 42.8% Charter Hall Group (ASX:CHC) A$17.81 A$33.88 47.4% Polymetals Resources (ASX:POL) A$0.825 A$1.54 46.4% SciDev (ASX:SDV) A$0.365 A$0.68 46% Integral Diagnostics (ASX:IDX) A$2.41 A$4.24 43.1% Nuix (ASX:NXL) A$2.41 A$4.08 40.9% PointsBet Holdings (ASX:PBH) A$1.10 A$2.07 46.7% Superloop (ASX:SLC) A$2.61 A$4.48 41.7% Click here to see the full list of 38 stocks from our Undervalued ASX Stocks Based On Cash Flows screener. Let's explore several standout options from the results in the screener. Overview: ALS Limited offers professional technical services focused on testing, measurement, and inspection across various regions including Africa, Asia/Pacific, Europe, the Middle East, and the Americas with a market cap of A$8.55 billion. Operations: The company's revenue is derived from its Commodities segment, generating A$1.08 billion, and its Life Sciences Excluding Nuvisan segment, contributing A$1.63 billion. Estimated Discount To Fair Value: 28.9% ALS Limited is trading at A$17.64, significantly below its estimated fair value of A$24.8, making it undervalued based on discounted cash flow analysis. Despite a high level of debt and reduced profit margins (0.2% from 11.1%), ALS's earnings are projected to grow substantially at 24.9% annually, outpacing the Australian market's growth rate of 11.8%. The recent appointment of Catharine Farrow as a Non-Executive Director may enhance strategic governance and innovation efforts. Our comprehensive growth report raises the possibility that ALS is poised for substantial financial growth. Click to explore a detailed breakdown of our findings in ALS' balance sheet health report. Overview: Flight Centre Travel Group Limited offers travel retailing services for both leisure and corporate sectors across Australia, New Zealand, the Americas, Europe, the Middle East, Africa, Asia, and other international markets with a market cap of A$2.90 billion. Operations: The company's revenue is derived from two main segments: Leisure, which accounts for A$1.38 billion, and Corporate, contributing A$1.13 billion. Estimated Discount To Fair Value: 37.2% Flight Centre Travel Group is trading at A$13.18, well below its estimated fair value of A$21, highlighting its undervaluation based on discounted cash flow analysis. Despite profit margins declining from 6% to 4.1%, earnings are expected to grow significantly at 23.65% annually, surpassing the Australian market's growth rate of 11.8%. The company has initiated a share buyback program worth A$200 million, funded by cash reserves, which could enhance shareholder value further. Our expertly prepared growth report on Flight Centre Travel Group implies its future financial outlook may be stronger than recent results. Click here and access our complete balance sheet health report to understand the dynamics of Flight Centre Travel Group. Overview: Nuix Limited offers investigative analytics and intelligence software solutions across various regions, including the Asia Pacific, the Americas, Europe, the Middle East, and Africa, with a market cap of A$797.07 million. Operations: The company's revenue is primarily derived from its Software & Programming segment, which generated A$227.37 million. Estimated Discount To Fair Value: 40.9% Nuix is trading at A$2.41, significantly below its estimated fair value of A$4.08, indicating a strong undervaluation based on discounted cash flow analysis. Its earnings are forecast to grow substantially at 53.98% annually, and the company is expected to become profitable within three years, outperforming average market growth expectations. Recently added to the S&P/ASX 200 Index, Nuix's revenue growth rate of 15.3% per year surpasses the Australian market average of 5.6%. Insights from our recent growth report point to a promising forecast for Nuix's business outlook. Navigate through the intricacies of Nuix with our comprehensive financial health report here. Unlock our comprehensive list of 38 Undervalued ASX Stocks Based On Cash Flows by clicking here. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:ALQ ASX:FLT and ASX:NXL. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
20-05-2025
- Business
- Yahoo
ASX Stocks Estimated Below Fair Value To Watch In May 2025
The Australian market has recently experienced a boost, with the ASX200 closing up 0.58% following a rate cut by the Reserve Bank of Australia, highlighting strength in sectors such as IT and Real Estate. In this environment, identifying undervalued stocks becomes crucial for investors seeking opportunities to capitalize on potential gains, especially when certain sectors are showing resilience and growth prospects amidst broader economic shifts. Name Current Price Fair Value (Est) Discount (Est) Smart Parking (ASX:SPZ) A$0.975 A$1.76 44.6% Lynas Rare Earths (ASX:LYC) A$7.62 A$13.43 43.3% Austal (ASX:ASB) A$5.02 A$9.20 45.4% Charter Hall Group (ASX:CHC) A$17.98 A$34.25 47.5% SciDev (ASX:SDV) A$0.36 A$0.68 47.1% Polymetals Resources (ASX:POL) A$0.79 A$1.52 48% Genesis Minerals (ASX:GMD) A$3.89 A$6.75 42.4% Pantoro Gold (ASX:PNR) A$3.15 A$5.42 41.9% PointsBet Holdings (ASX:PBH) A$1.095 A$2.08 47.3% Superloop (ASX:SLC) A$2.57 A$4.52 43.1% Click here to see the full list of 39 stocks from our Undervalued ASX Stocks Based On Cash Flows screener. Let's explore several standout options from the results in the screener. Overview: Duratec Limited, with a market cap of A$396.25 million, provides assessment, protection, remediation, and refurbishment services for steel and concrete infrastructure assets in Australia. Operations: The company's revenue segments are comprised of Energy (A$62.54 million), Defence (A$193.48 million), Buildings & Facades (A$113.64 million), and Mining & Industrial (A$144.05 million). Estimated Discount To Fair Value: 23.4% Duratec is trading at A$1.57, significantly below its estimated fair value of A$2.05, indicating potential undervaluation based on cash flows. Analysts expect the stock price to rise by 22.7%, supported by forecasted earnings growth of 15.46% annually, outpacing the Australian market's 11.7%. Revenue growth is projected at 9.4% per year, exceeding the market average of 5.5%. Duratec's return on equity is anticipated to be high in three years at 34.8%. Insights from our recent growth report point to a promising forecast for Duratec's business outlook. Take a closer look at Duratec's balance sheet health here in our report. Overview: Mader Group Limited is a contracting company offering specialist technical services in the mining, energy, and industrial sectors both in Australia and internationally, with a market cap of A$1.24 billion. Operations: The company's revenue primarily comes from its Staffing & Outsourcing Services segment, which generated A$811.54 million. Estimated Discount To Fair Value: 23.8% Mader Group is trading at A$6.15, below its estimated fair value of A$8.07, highlighting potential undervaluation based on cash flows. Earnings are projected to grow 13.48% annually, surpassing the Australian market's 11.7%. Despite significant insider selling recently, Mader reaffirmed its fiscal year 2025 guidance with expected revenue of at least A$870 million and NPAT of at least A$57 million, supporting a robust financial outlook amidst strong past earnings growth. The analysis detailed in our Mader Group growth report hints at robust future financial performance. Click here and access our complete balance sheet health report to understand the dynamics of Mader Group. Overview: PolyNovo Limited designs, manufactures, and sells biodegradable medical devices in the United States, Australia, New Zealand, and internationally with a market cap of A$949.91 million. Operations: The company's revenue primarily comes from the development, manufacturing, and commercialization of the NovoSorb technology, amounting to A$115.58 million. Estimated Discount To Fair Value: 28.0% PolyNovo, trading at A$1.38, is below its estimated fair value of A$1.91, suggesting undervaluation based on cash flows. The company's earnings have grown significantly by 270.2% over the past year and are forecast to increase by 39.6% annually, outpacing the Australian market's growth rate of 11.7%. Recent unaudited results show strong revenue growth with A$91.6 million reported for the year to date as of March 31, 2025. Our expertly prepared growth report on PolyNovo implies its future financial outlook may be stronger than recent results. Click to explore a detailed breakdown of our findings in PolyNovo's balance sheet health report. Discover the full array of 39 Undervalued ASX Stocks Based On Cash Flows right here. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:DUR ASX:MAD and ASX:PNV. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
Insider Action In Asian Undervalued Small Caps
In recent weeks, Asian markets have experienced a positive shift in sentiment, buoyed by the temporary de-escalation of trade tensions between the U.S. and China, which has helped lift indices such as China's CSI 300 and Hong Kong's Hang Seng Index. In this environment, identifying small-cap stocks that are potentially undervalued requires careful consideration of factors like market positioning and growth potential amidst evolving economic conditions. Name PE PS Discount to Fair Value Value Rating Security Bank 4.4x 1.0x 40.62% ★★★★★★ Puregold Price Club 8.6x 0.4x 23.23% ★★★★★☆ East West Banking 3.1x 0.7x 35.91% ★★★★★☆ Atturra 29.9x 1.2x 33.43% ★★★★★☆ Hansen Technologies 291.8x 2.8x 22.64% ★★★★★☆ Dicker Data 19.9x 0.7x -41.60% ★★★★☆☆ Sing Investments & Finance 7.2x 3.7x 41.71% ★★★★☆☆ Smart Parking 74.5x 6.6x 44.82% ★★★☆☆☆ PWR Holdings 36.4x 5.0x 21.41% ★★★☆☆☆ Integral Diagnostics 162.4x 1.9x 41.86% ★★★☆☆☆ Click here to see the full list of 66 stocks from our Undervalued Asian Small Caps With Insider Buying screener. Let's review some notable picks from our screened stocks. Simply Wall St Value Rating: ★★★☆☆☆ Overview: Smart Parking operates in the parking management and technology solutions sector, with a focus on providing services across regions such as the United Kingdom, New Zealand, Australia, and Germany; the company has a market capitalization of A$100.23 million. Operations: Smart Parking generates revenue primarily from its Parking Management operations in the United Kingdom, New Zealand, and Germany, alongside its Technology Division. The company has seen a notable trend in its gross profit margin, reaching 64.13% as of September 2024. Operating expenses are a significant cost component, with depreciation and amortization also contributing to the expense structure. PE: 74.5x Smart Parking, a player in the parking technology sector, has recently been added to the S&P/ASX Emerging Companies and All Ordinaries Index. Despite facing lower profit margins this year (8.8% from 13.6%), they are poised for earnings growth of 34% annually. A recent follow-on equity offering raised A$45 million, indicating strategic expansion efforts. Insider confidence is evident with recent share purchases, suggesting potential optimism about future prospects despite reliance on higher-risk external borrowing for funding. Navigate through the intricacies of Smart Parking with our comprehensive valuation report here. Learn about Smart Parking's historical performance. Simply Wall St Value Rating: ★★★★★☆ Overview: East West Banking Corporation is a Philippine-based financial institution providing a range of banking and financial services, with a market capitalization of approximately ₱20.55 billion. Operations: East West Banking generates revenue primarily from its banking operations, with a notable gross profit margin of 98.93% as of the latest quarter. The company's cost structure includes operating expenses which have shown an upward trend, reaching ₱23.08 billion in the first quarter of 2025. General and administrative expenses form a significant part of these operating costs, amounting to ₱11.27 billion in the same period. PE: 3.1x East West Banking, a smaller player in Asia's financial sector, has seen its earnings grow from PHP 6.1 billion to PHP 7.6 billion over the last year, with basic earnings per share rising from PHP 2.7 to PHP 3.38. Despite a high bad loan ratio of 4.4% and a low allowance for these loans at 66%, insider confidence is evident through recent share purchases by executives earlier this year, signaling potential growth prospects amidst challenges. Dive into the specifics of East West Banking here with our thorough valuation report. Review our historical performance report to gain insights into East West Banking's's past performance. Simply Wall St Value Rating: ★★★★★☆ Overview: Ferretti is a company involved in the design, construction, and marketing of yachts and recreational boats with a market capitalization of approximately HKD 7.12 billion. Operations: The primary revenue stream is from the design, construction, and marketing of yachts and recreational boats. The company has seen fluctuations in its gross profit margin, with a notable increase to 37.38% by the end of 2022. Operating expenses have been steadily rising over time, impacting overall profitability. PE: 10.1x Ferretti, a company with growing profits and high-quality earnings, recently reported sales of €1.34 billion for 2024, up from the previous year. With insider confidence evident from Karel Komarek's purchase of 1 million shares worth approximately €21.35 million between March and May 2025, there's a clear vote of confidence in its potential. Despite relying on higher-risk external borrowing for funding, Ferretti's forecasted annual earnings growth rate of 9.56% suggests promising prospects in the competitive yacht manufacturing industry. Delve into the full analysis valuation report here for a deeper understanding of Ferretti. Understand Ferretti's track record by examining our Past report. Take a closer look at our Undervalued Asian Small Caps With Insider Buying list of 66 companies by clicking here. Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance. Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:SPZ PSE:EW and SEHK:9638. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
