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Joinn Laboratories Forecasts Up to 1,377% Surge in H1 Profit

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Joinn Laboratories (SHA:603127, HKG:6127) expects an attributable profit of between 600.1 million yuan and 900.2 million yuan for the first half of 2026, up 885% to 1,377% from 60.9 million yuan a year prior.

Revenue is expected to increase 0% to 10.5% to between 668.6 million yuan and 739 million yuan from 668.6 million yuan in the year-ago period, according to a Tuesday Hong Kong bourse filing.

The drug research company attributed the profit forecast to a rise in the market price, and organic growth and appreciation of biological assets, leading to positive changes in their fair value, as well as stable operating status from the company's laboratories.

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Beijing Digital Telecom Suspends Executive Director After Detention

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Market Chatter: CTBC Bank Opens NT$100 Million Asset Management Branch

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Sandfire Resources Possesses More Attractive Development Opportunities Besides Montana Project, Jefferies Says

Sandfire Resources' (ASX:SFR) more attractive development opportunities besides the Black Butte project in Montana, as well as its modest scale, increase the likelihood of divestment, Jefferies said in a Monday note.The company modeled around 25,000 tonnes per annum of copper over a 12-year life-of-mine and a net present value of AU$91 million for Black Butte. The Lowry reserve increase of 4.7 million tonnes adds around four-years to the Black Butte life-of-mine.Jefferies reduced its capital expenditure forecast in-line with Sandfire's expectations to $475 million. Development of the Lowry deposit remains contingent on regulatory approvals with the company guiding to a six-year process commencing coincident with Johnny Lee deposit access decline development.Sandfire seems to hold an internal preference for the Kalkaroo project, with its increased scale and expedited development timeline, Jefferies noted.The investment firm retained its buy rating on Sandfire Resources with a price target of AU$24.Sandfire Resources' shares slipped 1% in recent Tuesday trade.

ASX:SFR