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FINWIRES

多倫多證券交易所收盤:因獲利回吐和對中東停火的擔憂,指數暴跌

-- 週二,多倫多證券交易所(TSX)大幅下跌,此前股市經歷了一輪強勁上漲,部分投資者獲利回吐,同時市場也因美伊停火協議將於週三到期而感到緊張。 S&P/TSX綜合指數收盤下跌551.73點,跌幅1.6%,報33,808.30點。除能源板塊外,所有板塊均下跌,能源板塊因油價高漲而上漲1.9%。基本金屬板塊跌幅最大,下跌3.8%,金價下跌也加劇了這一頹勢。在之前的14個交易日中,TSX指數有12個交易日上漲。 投資人關注的焦點似乎集中在4月8日生效的美伊停火協議。根據美國總統川普的說法,該協議將於「華盛頓時間週三晚間」到期。川普在接受彭博社採訪時表示,如果未能與伊朗達成協議,他「極不可能」延長停火協議。 美國副總統萬斯原定於今天稍早啟程前往巴基斯坦參加下一輪談判,但據報道,他已前往白宮參加政策會議。目前尚不清楚他何時啟程。 《華爾街日報》報道稱,伊朗拒絕參加談判,除非美國海軍解除對該國港口的封鎖。 今日大宗商品方面,由於伊朗和美國之間的和平談判前景不明朗,西德克薩斯中質原油(WTI)週二收高。 5月交割的WTI原油期貨價格上漲2.52美元,收在每桶92.13美元;6月交屋的布蘭特原油期貨價格上漲3.11美元,收在每桶98.59美元。 週二下午,由於美元走強,金價連續第二天下跌。此前,美國上月零售銷售數據超出預期。同時,美伊談判預計將結束這場推高油價和其他大宗商品價格的中東戰爭。 5 月交割的黃金期貨價格下跌 105.50 美元,至每盎司 4,723.30 美元。

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Fortescue Faces Pressure From Iron Bridge Weakness, Green Energy Shift, Jefferies Says

Fortescue (ASX:FMG) reported softer quarterly performance alongside ongoing challenges at Iron Bridge and increased spending on non-core green energy projects, raising concerns over returns and valuation, Jefferies said in an April 24 note.The company reported a softer quarter due to seasonal and weather impacts, with solid performance from its Pilbara hematite operations offset by ongoing underperformance at the Iron Bridge magnetite project, which continues to face throughput and margin challenges and may struggle to justify its value.Jefferies noted that the company's $680 million investment in green energy capacity for third-party customers, such as industrial users and data centers, represents a strategic shift, but views it as non-core capital allocation that may justify a higher discount rate for its mining business until clearer returns emerge.The equity research firm said that the company's Pilbara system is nearing port capacity constraints, a "good problem" that may allow higher-margin hematite production to displace costlier Iron Bridge volumes, as the company reviews its portfolio, trims Iron Bridge output, and keeps overall shipment guidance broadly unchanged.The research firm added that the company remains financially solid with $4.2 billion in cash despite dividends and capital expenditure outflows and is expected to return to a net cash position longer term, but highlighted Iron Bridge uncertainty and higher green energy spending as risks, including a potential write-down, supporting a cautious outlook.Jefferies maintained an underperform rating on Fortescue and reduced the price target to AU$16.50 from AU$17.50.

$ASX:FMG
Research

Research Alert: CFRA Keeps Hold Opinion On Shares Of Otis Worldwide Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We cut our 12-month target to $90 from $100 following Q1 earnings, valuing OTIS shares at 19.6x our 2027 EPS outlook of $4.58 (down from $4.70; 2026 EPS view updated to $4.18 from $4.25), a modest discount to industrial machinery peers' and OTIS's five-year forward multiple average given unclear timing of ongoing margin headwinds. Service margins were disappointing in Q1 (contracting 160 bps to 23%) amid higher labor and material costs that came in above pricing. Weakness in China has yet to stabilize, though as noted in the past, this represents a shrinking area of OTIS's portfolio and will have a more limited effect going forward. Overall, the latest quarter was more of the same (China weakness/New Equipment decline), though with the added concern of margin quality being pressured within Service - the core profit driver for OTIS overall. While efforts to shore up profitability are underway, we see timing of recovery being uncertain.

$OTIS
Asia Markets

Saudi Shares Start Week Higher; US-Iran Peace Talks Canceled

The Tadawul All Share Index closed Sunday 0.11% higher as investors assessed the latest updates regarding the conflict in the Middle East.US President Donald Trump said on his Truth Social account that the Pakistani trip for his envoys, Steve Witkoff and Jared Kushner, was canceled. The announcement dimmed the hopes for peace talks between Iran and the US to happen any time soon.Further to this, Israel launched an attack in Lebanon on April 25. The strikes, which targeted Hezbollah, resulted in four casualties and facility damage in Southern Lebanon.Back at home, Rabigh Refining and Petrochemical (SASE:2380), d/b/a Petro Rabigh, and Thob Al Aseel (SASE:4012) posted their financial results for the three months ended March 31. Petro Rabigh emerged from a loss in the first quarter, while Thob Al Aseel logged a higher net profit and revenue."The reason for net profit reported during the current quarter compared to a net loss recorded in the same quarter of last year was primarily attributable to improved product margins resulting from stronger refined product pricing and higher sales volumes," Petro Rabigh said in its report.Petro Rabigh rose 10% at closing, while Thob Al Aseel ticked down 1.59%.Meanwhile, the local calendar will be mostly empty except for the kingdom's preliminary figures for its GDP growth rate for the first quarter and the M3 money supply and private bank lending data for March on Thursday.

$^TASI$SASE:2380$SASE:4012