Barclays Initiates First Tracks Biotherapeutics at Overweight

Jinpan Smart Technology Q1 Profit Up 5%, Revenue Climbs 13%

Hainan Jinpan Smart Technology (SHA:688676) posted first-quarter attributable net profit of 112.4 million yuan, up 4.8% from 107.2 million yuan the previous year.Earnings per share rose to 0.25 yuan from 0.24 yuan, according to a Friday filing with the Shanghai bourse.Operating revenue climbed 13% year over year to 1.52 billion yuan from 1.34 billion yuan.Shares of the electrical components manufacturer rose 1% in recent trade.

Jefferies Downgrades Sunwoda Electronic to Hold from Buy, Adjusts Price Target to 25 Yuan from 29 Yuan

Avi-Tech Pulls Plug on SG$19 Million Investment in Create Technologies

Avi-Tech (SGX:1R6) has decided to pull the plug on its proposed SG$18.9 million investment in Create Technologies, according to a Thursday filing with the Singapore Exchange.Shares of the engineering manufacturing services company were down over 2% in Friday trading.The decision to terminate the deal was taken following additional review and assessment of the business, the filing said.