-- UBSは月曜日のレポートで、カイザー・アルミニウム（KALU）は収益成長への回帰とフリーキャッシュフローの強化が見込まれるものの、当面は負債削減が最優先事項となる可能性があると指摘した。 レポートによると、EBITDAは最近の投資と、約2年間の在庫調整サイクルを経て航空宇宙需要が回復することによって恩恵を受けると予想される。 しかしながら、同レポートは、高水準の負債比率が依然として制約要因となり、同社は債務削減を優先する可能性が高いと述べている。 「我々の見解では、KALUは少なくとも2028年まではキャッシュリターン（配当増加＋自社株買い）を引き上げる可能性は低い」とレポートは述べている。 また、同レポートは、KALU製品は不純物基準値のおかげでスクラップや輸入への依存度が低く、同業他社と比較して関税による恩恵が少ないと指摘している。 UBSはKALU株のカバレッジを開始し、投資判断を「中立」、目標株価を176ドルとした。
Price: $176.63, Change: $+7.21, Percent Change: +4.26%
3:00 Tuesday vs 3:00 Monday2yr 99-20 vs 99-19; 3.934% vs 3.962%5yr 99-04 vs 99-00+; 4.069% vs 4.093%10yr 97-23 vs 97-14+; 4.413% vs 4.447%30yr 96-13+ vs 95-23+; 4.980% vs 5.026%2/10 47.739 bps vs 48.280 bps5/30 90.966 bps vs 93.109 bps
Japan is accelerating talks on a yen-denominated energy loan for South Africa while promoting ammonia co-firing technology, Bloomberg said Tuesday, citing Japanese diplomatic officials.Japan will use the proposed loan to support South Africa's energy transition, though it did not disclose the amount, the report said, citing officials.Japan's initiative adds to about $10 billion in climate financing already pledged to South Africa by European countries under an existing energy transition agreement.Germany and Japan are expanding efforts to position their companies in South Africa, targeting opportunities in a market with strong solar and significant green hydrogen production potential.Leaders first discussed the loan during a meeting between President Cyril Ramaphosa and former Japanese Prime Minister Shigeru Ishiba in Yokohama in August, the report added.Japan is promoting ammonia co-firing, which replaces part of coal use at power plants with ammonia to reduce emissions while maintaining existing infrastructure.South Africa can produce green hydrogen using its solar and wind resources, then convert it into ammonia for easier storage and transport, supporting cleaner energy pathways.However, critics say ammonia co-firing could extend the life of coal plants, as South Africa still generates about three-quarters of its electricity from coal, the report noted.has reached out to South Africa's Department of Electricity and Energy for any comments.(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.)
Price: $78.25, Change: $+3.79, Percent Change: +5.09%