Arqaam Capital on Monday upgraded media company Saudi Research and Media Group (SASE:4210) to hold from sell, while reducing its price target to 80 Saudi riyals from 110 riyals.
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Price: $24.78, Change: $+0.90, Percent Change: +3.77%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:POU reported Q1 2026 production of 48,255 Boe/d, up 3% from Q4 2025, with net income of CAD53.2M (CAD0.36/share) versus a Q4 2025 loss of CAD1.9M and adjusted funds flow rising to CAD143.4M from CAD140.1M. Netback expanded 22% to CAD35.22/Boe, lifted by higher commodity realizations, while the 16 Duvernay wells at Alhambra delivered strong 150-day peak production averaging 1,276 Boe/d per well. Management raised 2026 production guidance to 48k-52k Boe/d from 46k-51k Boe/d and reduced capex guidance by CAD50M to CAD1B-CAD1.1B. The Alhambra phase 2 expansion is substantially complete, with June 2026 start-up one month ahead of schedule. We believe the combination of the production guidance raise, netback expansion, and earlier Alhambra phase 2 timing is constructive, with Willesden Green plateau potential increased 40% to 70k Boe/d sustainable for over 20 years and 2027 exit production exceeding 100k Boe/d as Sinclair Montney development comes onstream.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Sea Limited's (Sea) Q1 2026 EPADS of USD0.67 (+3.1% Y/Y) met our expectation. Total revenue grew 47% Y/Y, driven by strong momentum across all core segments. While the adjusted EBITDA margin eased 5ppt Y/Y amid continued investments across Shopee and Monee, overall adjusted EBITDA still increased 9% Y/Y. Shopee's revenue rose 45% Y/Y, accelerating from Q4 2025's 36% growth, supported by GMV growth of 30% Y/Y and improved monetization, with transaction-based fees and advertising revenue up 61% Y/Y. Shopee's adjusted EBITDA declined 16% Y/Y due to investments in logistics and user experience. Management reiterated confidence in achieving around 25% GMV growth in 2026 while maintaining Shopee's adjusted EBITDA at no lower than 2025 levels. Monee's revenue grew 58% Y/Y, supported by 71% growth in loans outstanding, while asset quality remained stable with the NPL ratio steady Q/Q at 1.1%. Garena's revenue and bookings increased 41% and 20% Y/Y, respectively, while adjusted EBITDA rose 25% Y/Y.