-- Tongwei's (SHA:600438) net loss attributable to shareholders in 2025 widened year on year to 9.55 billion yuan from 7.04 billion yuan, according to a Shanghai bourse filing on Thursday.
Loss per share was 2.12 yuan, compared with 1.58 yuan a year earlier.
The Chinese photovoltaics manufacturer's operating revenue slipped 8.6% to 84.13 billion yuan from the year-ago revenue of almost 92.00 billion yuan.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our 12-month target at $48, 7.9x our next-12-month EPS view, a discount to peers to reflect the Eaton Fire liability and weak investor sentiment toward California utilities. We lift our 2026 EPS view by $0.03 to $6.11 and 2027's by $0.26 to $6.52. We see EIX facing material near-term uncertainty from the Eaton Fire, with the company explicitly unable to estimate a range of losses despite having recorded $1.3 billion in settlements as of Q1 2026. We think the company's aggressive capital program and commitment to no new equity through 2030 are supported by strong regulatory visibility, but rising interest expense and potential affordability pushback create execution risk to the 5%-7% long term EPS growth target. With $5.5 billion in debt maturities over 2026-2027 and elevated current market rates, we see refinancing risk with material increases in interest expense as a possibility. In our opinion, shares reflect a meaningful tilt toward risk rather than reward. We remain at Sell.
Australia's manufacturing sector returned to expansion in April, though the improvement was outweighed by major supply-chain disruptions and a sharp rise in costs linked to fuel and freight pressures arising from the Middle East conflict, according to a survey by S&P Global published Friday.The headline seasonally adjusted S&P Global Australia Manufacturing Purchasing Manager's Index (PMI) rose to 51.3 in April from 49.8 in March, above the 50-point mark separating contraction and expansion.The headline PMI was mainly driven by longer supplier delivery times and higher stocks of purchases, while new orders, output, and employment remained in negative territory.The supply chain disruption in April was largely driven by the Middle East conflict and international freight delays, with fuel shortages and rising fuel costs pushing input prices higher and resulting in the fastest inflation since March 2022, according to the report.Rising input costs and war-related uncertainty pushed output price inflation to a decade high and led to a third straight monthly decline in manufacturing production.New orders kept falling, driven partly by weaker foreign demand, while manufacturers still raised purchasing activity and input stocks in April, likely to build safety buffers against future price increases and supply-chain delays despite lower output needs, per the report.Employment declined for the second consecutive month due to weaker new orders, with firms not replacing departing staff and cutting working hours, while backlogs of work and finished goods inventories also continued to decrease.Business confidence fell for a third straight month to its lowest since July 2024 amid the Middle East conflict, inflation, and cost-of-living pressures, though hopes of post-conflict demand recovery supported year-ahead production optimism, the report added.
Kina Securities (ASX:KSL) named Taiwo Fowowe as chief financial officer, effective May 27 and subject to regulatory approval, according to a Friday filing with the Australian bourse.Fowowe will succeed Johnson Kalo, who served as CFO since 2022 and is now slated to become executive general manager of wealth management, per the filing.Fowowe most recently served as CFO of Africa's Access Bank.