-- MSCI (MSCI) has an average rating of overweight and mean price target of $688.29, according to analysts polled by FactSet.
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Price: $614.50, Change: $+16.10, Percent Change: +2.69%
Hong Kong's Securities and Futures Commission has reached an agreement with PricewaterhouseCoopers Hong Kong under which the auditor will set aside HK$1 billion to compensate eligible minority shareholders of China Evergrande (HKG:3333), according to a statement on Thursday.The regulator found Evergrande had materially overstated revenue and profits in 2019 and 2020, while PwC failed to meet auditing standards, including maintaining independence and verifying key financial information.The agreement resolves the matter without admission of liability, and the SFC will take no further action against PwC if the terms are fulfilled.The compensation will be distributed to eligible shareholders through an independent process to be announced later, the regulator said.
Bank of Shanghai's (SHA:601229) net profit attributable to shareholders in the first quarter rose 0.7% to 6.33 billion yuan from 6.29 billion yuan, according to a Shanghai bourse filing on Friday.Earnings per share stayed flat year on year at 0.39 yuan.Operating revenue jumped 4.3% to 14.2 billion yuan from 13.6 billion yuan in the preceding year.
Qoria (ASX:QOR) reported AU$7.6 million in annual recurring revenue (ARR) in the March quarter, up 49% from a year earlier, according to a Friday Australian bourse filing.The company said net ARR additions stood at AU$6 million, up 62%, bringing the exit ARR to AU$151 million. Total subscriptions reached 810,000, up from 639,000 a year earlier.Qoria reiterated its fiscal 2026 guidance of more than AU$145 million in revenue, ARR growth of over 20%, and an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of about 20%.Qoria and Aura continue to target ARR growth of more than 20% this year, with the group expected to be free cash flow-positive from closing to Dec. 31, per the filing.The company's shares fell 18% in recent Friday trade and earlier reached their lowest since February 2024.