Tag Archive for: homes

Can Fin Homes Falls 15% In Three Days After CEO Exit, Ransomware Attack

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On Tuesday, the scrip fell as much 6.7% reacting to the developments. In total, the stock has fallen over 15% in the last three sessions.

Jefferies termed Kousgi’s resignation as a “setback” as Can Fin delivered a healthy balance of growth and good asset quality, despite the pandemic.

“We await clarity around new CEO and his growth strategy. An external CEO may be viewed more favourably by investors. Uncertainty around upcoming management change would be an overhang , near-term, but core fundamentals stays healthy,” Jefferies said in a note dated Sept. 19, retaining ‘buy’ on the company.

Jefferies has a target price of Rs 730 apiece on Can Fin Homes, implying a potential upside of 15%. It sees strong demand for mid-ticket housing loans in salaried segment and competitive funding costs driving 18% loan CAGR over FY22-25.

Of the 15 analysts tracking the company, 13 maintain a ‘buy’ and two suggest a ‘hold’, according to Bloomberg data. The 12-month consensus price target implies an upside of 26.8%.

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How Argentina’s Iplan plans to reach 1mn homes passed in 2023

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How Argentina's Iplan plans to reach 1mn homes passed in 2023

Argentine telecommunications company Iplan is pushing ahead with a deployment rate that will allow it to close next year with more than 1mn homes passed with fiber optics in four cities.

The company started out as a corporate provider focused on medium-sized businesses but now 15% of revenues come from the residential segment. It offers broadband through fiber optics and will incorporate new services for this segment.

It also opened its infrastructure so that other providers can use it under the wholesale model.

It recently began offering over-the-top TV through an alliance with DirecTV and the next move will be security and home automation services.

BNamericas interviewed Iplan’s CEO, Damián Maldini, about his plans for network deployment, new services and investments.

BNamericas: How are you progressing with the infrastructure expansion?

Maldini: We now have four cities with large networks: CABA [Buenos Aires city], Córdoba, Rosario and [San Miguel de] Tucumán.

Tucumán is the most recent: we just started providing services there this month. The first stage involved 200 blocs. In the next 30 to 60 days we will enable another 200.

In Tucumán we are going to follow the same logic as we did in Buenos Aires, Córdoba and Rosario. We are building in the downtown area with the highest density of homes.

If all goes well, by the end of next year we will have a million homes passed in these four cities.

There are actually more, but a million are those that are ready to be connected within a maximum period of 24 hours, which is how long the commercial process takes.

We should have 10 times more network compared to four years ago.

In the corporate field, we are also doing extensions. We are now going to cover the area of Vicente López [Buenos Aires province] and in Tucumán we also have aerial lines for corporate areas.

This is the fifth year that we have an investment between US$15mn and 20mn for network deployment. The idea is to keep this pace.

BNamericas: Argentina has restrictions on access to dollars and imports. Has this presented any difficulties?

Maldini: Until now, no, there were no difficulties in accessing equipment. Yes, there is bureaucracy due to the…

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Amazon Sidewalk expands beyond homes to build a commercial Internet of Things

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This story is part of CES, where CNET covers the latest news on the most incredible tech coming soon.

Amazon Sidewalk is a long-range, low-power IoT network that uses Bluetooth and LoRa radios, which are built into Echo and Ring devices, to connect devices with Amazon’s cloud when they’re beyond the reach of traditional home networks. The pitch was meant to leverage the connected gadgets in peoples’ homes to keep things like Tile trackers and outdoor smart lights online, no matter where they might be. But relying on homes that opt in creates some obvious coverage gaps in rural areas, industrial regions and other places where the sidewalk ends.

Now, Amazon is introducing a new gadget designed to help fill those gaps. Dubbed the Amazon Sidewalk Bridge Pro by Ring and intended for farms, factories and other nonresidential settings, the Bridge Pro is a dedicated device housing the radios needed to relay Sidewalk’s signals to the cloud. Rather than targeting consumers, who can already turn Sidewalk on via their Echo smart speakers and Ring cameras, Amazon is seeking to partner with industries and organizations beyond the reach of the current network.


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Chinese Ransomware Attacks Major Energy Network! Potentially Shutting Down Power for 3 Million Homes

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Chinese ransomware hackers attack the major energy network of CS Energy, which powers a whopping three million households in Australia.

Crypto Hackers Steal $120 Million After Hacking DeFi Site BadgerDAO

(Photo : by NICOLAS ASFOURI/AFP via Getty Images)
(FILES) In this file photo taken on August 04, 2020, Prince, a member of the hacking group Red Hacker Alliance who refused to give his real name, uses his computer at their office in Dongguan, China’s southern Guangdong province. – As the number of online devices surges and super-fast 5G connections roll out, record numbers of companies are offering up to seven-figure rewards to ethical hackers who can successfully attack their cybersecurity systems.

The cyberattack could have potentially shut down power to the millions of homes in the region, as per the report by News.com Australia.

Chinese Ransomware Attacks Major Energy Network

The CEO of CS Energy, Andrew Bills, said in a statement that the cyber attack against its major energy network is a worrying and “growing trend.”

The power firm attributed the massive cyber attack to hackers from China. However, it did not disclose any more details about the ransomware gang behind the incident.

Chinese Ransomware Potential Power Shut Down

The cyberattack believed to have been done by Chinese hackers could have taken out a whooping 3,500 megawatts of power from the two massive thermal coal plants in the region.

That said, the potential extent of the attack could have affected around 1.4 million to about three million homes.

Power Outage Avoided

According to the news story by 7News, the CEO of the energy firm further noted that the hacking incident did not result in any power outage due to the rapid response of its employees.

Bills said that “this incident may have affected our corporate network, but we are fortunate to have a resilient and highly skilled workforce.”

The CS Energy boss went on to praise the employees of his firm, noting that they worked the extra mile to ensure that Queenslanders will not experience any massive power outage.

The CEO added that the firm was able to “quickly contain this incident by segregating the corporate network from other internal networks,” including those from the Kogan Creek…

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