FINWIRES · TerminalLIVE
FINWIRES

美伊停火協議岌岌可危,香港股市下跌;兩家公司提交IPO申請。

-- 由於對中東停火的樂觀情緒消退,且有跡象顯示美伊之間的臨時停火協議正在破裂,香港股市週四收低。 恆生指數下跌約140.62點,跌幅約0.5%,收在25,752.40點;恆生中國企業指數下跌65.48點,跌幅約0.8%,收在8,611.83點。 伊朗指責以色列違反了德黑蘭本週稍早與美國達成的停火協議。此前,以色列對貝魯特南部郊區、黎巴嫩南部和東部貝卡谷地的目標進行了轟炸。以色列方面稱,空襲在10分鐘內擊中了100多個真主黨指揮中心和軍事設施。 美國副總統萬斯將率領代表團前往伊斯蘭堡,正式與伊朗達成和平協議。該國議會議長穆罕默德·巴格爾·卡利巴夫表示,在以色列的敵對行動下,雙邊停火或談判「不合理」。 同時,標普全球在一份月報中指出,受產量和新業務總量下降的影響,香港私人企業的經營狀況在3月再次惡化。 此前,香港私人企業經歷了長達五個月的歷史性強勁擴張期。專家小組成員表示,中東衝突導致消費者信心和支出下降,股市表現也受到影響,進而導致銷售額下滑。 在企業新聞方面,兩家公司提交了在香港上市的申請。 中國雲端原生空間設計軟體供應商萬科科技(HKG:0068)計畫透過出售1.606億股股票籌集至多12.2億港元,指示性發行價區間為每股6.72港元至7.62港元。 所得款項淨額將主要用於支持國際擴張,包括組建全球銷售團隊和加強在主要海外市場的營銷。 同時,長春微電子股份有限公司(港交所代號:3277)擬透過發行6,530萬股H股籌集約26億港元,指導價為每股39.88港元。 所得款項淨額將主要用於研發,包括投資下一代CMOS影像感測器技術。

Related Articles

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
Research

Research Alert: CFRA Maintains Hold Rating On Shares Of United Rentals Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target price to $1,100 from $950 following a strong first quarter, valuing shares at 20.5x our 2027 EPS outlook of $54.28 (in line with previous estimate; 2026 EPS also in line). We believe a higher multiple is justified given URI's firming market leadership within an expanding rental equipment industry. A robust Q1 beat enabled URI to raise its full-year revenue guidance to $16.9B-$17.4B and adjusted EBITDA to $7.625B-$7.875B, citing momentum heading into a busy season. With leverage well below historical levels, we believe accretive M&A deals could serve as a potential catalyst for additional guidance increases. Margin compression has been a sticky issue for URI, but Q1 indicated that pricing may have turned around and that headwinds are starting to ease as quarterly results begin to lap when tariff-related inflation began to pick-up. We remain cautious on margins, though are encouraged by signs of stabilization. New project activity is likely supporting pricing trends, in our view.

$URI