S&P Global Ratings assigned BBB long-term and A-2 short-term issuer credit ratings to Danantara Investment Management, according to a Wednesday release.
The outlook is stable, reflecting that on the rating agency's sovereign credit rating on Indonesia, the release said.
The ratings reflect S&P Global's almost certain likelihood of sufficient extraordinary support from the Indonesian government for the firm in times of need.
Singapore-based Tiger Brokers will not allow its China-based investors to add to their positions when they are physically in mainland China, Reuters reported Tuesday, citing a notice to clients.The brokerage said investors will still be allowed to trade their securities from existing accounts when they travel offshore, Reuters said.The move comes after Chinese authorities informed Tiger and other brokers to wind down the accounts, which are illegal under Beijing's new rules on cross-border transactions, Reuters said.China fined three brokerages in May for operating without proper approvals, among them Tiger Brokers (NZ), Futu Securities International (Hong Kong), and Changqiao Securities (Hong Kong), also known as Longbridge, according to a May 22 notice by the China Securities Regulatory Commission.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
JX Advanced Metals (TYO:5016) has an average rating of overweight and mean price target of 4,370 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Sungrow Power Supply (SHE:300274) has an average rating of overweight and mean price target of 184.87 yuan, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)