-- Lindian Resources (ASX:LIN) said UBS Group and its related entities have ceased to be a substantial holder in the company on April 29, according to a Friday Australian bourse filing.
The company's shares were up 1% in recent Friday trade.
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Research Alert: CFRA Maintains Hold Opinion On Shares Of Asbury Automotive Group Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target by $30 to $220, based on a 2027 P/E of 7.5x, a justified discount to ABG's 10-year average forward P/E of 8.6x. We lower our adjusted EPS estimates to $26.15 from $28.50 for 2026 and to $29.50 from $31.30 for 2027. ABG's same-store sales remains concerning, with revenue declining 9% Y/Y in Q1, as it continues to feel pressure from broader industry headwinds and consumer spending constraints, and is particularly notable given ABG's favorable geographic footprint concentrated in faster-growing southeastern U.S. markets. While we liked ABG's mid-2025 Herb Chambers acquisition (a top 20 private U.S. auto dealership in terms of annual revenue), the acquired assets weren't enough to offset disappointing same-store sales, driving a $260M top-line shortfall relative to consensus. We remain at Hold, seeing more compelling opportunities across the space.
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Asia
Guobo Electronics Q1 Profit Down 99%, Revenue Slips 9%
Guobo Electronics (SHA:688375) posted first-quarter net profit attributable to shareholders of 856,306 yuan, down 99% from 57.5 million yuan the previous year.Earnings per share fell to 0.00 yuan from 0.10 yuan, according to a Thursday filing with the Shanghai bourse.The radio frequency components maker's operating revenue declined 8.9% year over year to 318.9 million yuan from 350.0 million yuan.
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China Zheshang Bank Posts Flat Q1 Profit, Net Interest Income Slips 1%
China Zheshang Bank (HKG:2016, SHA:601916) posted net profit attributable to shareholders of 5.99 billion yuan in the first quarter, up 0.7% from 5.95 billion yuan a year earlier.Earnings per share was flat at 0.22 yuan, according to a Shanghai Stock Exchange filing on Thursday.Net interest income slipped 1.3% to 11.8 billion yuan from 12 billion yuan, with net interest margin shrinking to 1.6% from 1.76% a year prior.Operating income edged up 0.4% to 17.2 billion yuan from 17.1 billion yuan.The balance of the bank's non-performing loans, or bad loans, stood at 27.3 billion yuan, up 4.7%, while the ratio of bad loans was flat at 1.36%.
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