-- CStone Pharmaceuticals（香港証券取引所：2616）は、水曜日に香港証券取引所に提出した書類によると、約10億5000万香港ドルの純資金を調達する株式発行を完了した。 同社の株価は木曜日の午前中の取引終盤に3%近く下落した。 同社は、少なくとも6人の個人投資家に対し、1株あたり8.97香港ドルで1億1800万株の新株を売り出した。 売り出された株式は、増資後の発行済株式総数の約7.40%に相当する。 純資金は主にがん治療薬パイプラインの研究開発に充当され、残りは一般事業目的に充てられる予定だ。
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Petro Rabigh Emerges From Loss in Q1; Revenue Grows
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Research
Research Alert: CFRA Keeps Buy Opinion On Shares Of The Hartford Insurance Group, Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We trim our 12-month target price by $8 to $155, valuing HIG shares at 11.3x our 2026 operating EPS estimate of $13.75 (cut by $0.45) and at 10.6x our 2027 EPS estimate of $14.65 (cut by $0.30), vs. the shares' one-year average forward multiple of 10.3x and peer average of 13x. Q1 EPS of $3.09 vs. $2.20 a year ago missed our $3.60 estimate and $3.39 consensus view. Operating revenue growth of 6.2% was in line with our 6%-10% forecast, amid 5.3% earned premium growth, 13% higher net investment income, and 7.9% fee revenue growth. Q1 written premium growth of 4% and full-year 2025 growth of 7% bode well for 2026 revenue trends as premiums are earned. Underwriting results improved significantly, with Personal Lines combined ratio improving to 87.7% from 106.1% and underlying combined ratio to 85.0% from 89.7%. Business Insurance combined ratio was stable at 94.8%. Weighing the Q1 EPS miss with HIG's decent top-line growth and discounted valuation to peers, we view the shares as undervalued.
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