-- 週四，新加坡股市延續跌勢，暴跌逾1%，跟隨區域股市下跌，投資人擔憂美伊停火協議的脆弱性。 海峽時報指數（STI）是新加坡交易所的主要基準指數，當日盤中在4942.06點至4991.85點之間波動。最終收在4944.11點，較週三收盤下跌58.61點，跌幅1.2%。 經濟方面，新加坡金融管理局和貿工部聯合發布的數據顯示，剔除住宿和私人交通成本後，新加坡3月核心通膨率年增1.7%，高於上月的1.4%。 企業方面，奈米薄膜技術國際公司（Nanofilm Technologies International，SGX:MZH）股價收盤飆升逾40%，因為該公司第一季營收年增24%至5,500萬新元。 金氏環球（Kin Global，SGX:KIN）股價收盤上漲逾15%，該公司股票已在新加坡交易所凱利板開始交易。 同時，吉寶集團（Keppel，SGX:BN4）股價收盤下跌逾3%，原因是其新吉寶集團（New Keppel）第一季淨利潤（不包括已剝離的非核心資產組合和已終止經營業務）同比略有下降。
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Suncorp Group Sees Improved Earnings Stability Under New Reinsurance Structure, Jefferies Says
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Asia
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.
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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.
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