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Jefferies Initiates Madison Air Solutions at Hold With $45 Price Target

Madison Air Solutions Corp. Class A (MAIR) has an average rating of overweight and mean price target of $47.64, 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)

$MAIR

Research54d ago

Roth Capital Initiates Unusual Machines at Buy With $25 Price Target

Unusual Machines (UMAC) has an average rating of buy and mean price target of $24.33, 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)

$UMAC

US Markets54d ago

SoftBank Group's Fiscal 2025 Profit Soars 334% on AI Gains

SoftBank Group's (TYO:9984) attributable profit surged 334% in fiscal 2025 following gains from its artificial intelligence investments in the year.The Japanese technology investor logged an attributable profit of 5.002 trillion yen, up from 1.153 trillion yen in the year-ago period.Earnings per share soared to 873.51 yen in the year ended March 31 from 195.20 yen a year earlier.Sales jumped 7.7% to 7.799 trillion yen from 7.244 trillion yen in the previous fiscal year.Total gain on investments surged 97% to 7.286 trillion yen from 3.701 trillion yen a year earlier.Investment gains at the holding company reached 218.1 billion yen, down 94% from 3.414 trillion yen a year earlier. The yields follow a 339.1-billion-yen investment gain in NVIDIA shares, 278.6-billion-yen investment gains in Intel shares, and 264.9 billion yen from the derivatives related to the OpenAI Forward Contract, Softbank said.Cumulative investment in OpenAI reached $34.6 billion, comprising a fair value of $79.6 billion, with total investment gains reaching $45 billion.The investment company committed to a new $30 billion follow-on investment in OpenAI in February.Gains from its SoftBank Vision Funds soared to 6.639 trillion yen from 387.6 billion yen a year ago.Income taxes reached 502.9 billion yen during the year, up 395% from 101.6 billion yen a year earlier.For fiscal 2026, the company looks to pay a dividend of 11 yen per share.

TYO:9984

Research54d ago

TD Bank Upgraded, Royal Bank Downgraded at Raymond James

Toronto-Dominion Bank (TD.TO) was upgraded to Outperform from Market Perform, and Royal Bank of Canada (RY.TO) was downgraded to Market Perform from Outperform at Raymond James.Analyst Stephen Boland raised his price target on TD to $152.50 from $141, and on Royal Bank to $265.50 from $248.Boland increased his targets on Bank of Montreal (BMO.TO) to $227 from $214 (Outperform), Bank of Nova Scotia (BNS.TO) to $120 from $117 (Outperform), CIBC (CM.TO) to $157.50 from $148.50 (Market Perform), and National Bank of Canada (NA.TO) to $206.50 from $200 (Market Perform)."We believe TD is reasonably valued relative to improving fundamentals and have increased confidence in management's ability to execute on its strategic priorities," the analyst said in a note to clients."TD also benefits from above-average US exposure, where the NIM and loan growth outlook are more favourable than in Canada," Boland said."We continue to view RBC as a scaled, diversified franchise with a lower-volatility earnings profile," the analyst said. "However, those same attributes may limit relative upside this quarter.""In a stronger trading revenue environment, RBC's greater exposure to rates and credit trading may benefit less than peers with higher exposure to equities, currencies, and commodities," Boland said."With RY trading at roughly a one-turn P/E premium to the peer group (excl. RY), we believe the stock is priced to execute, and the absence of a larger trading revenue uplift could limit near-term upside."

$BMO.TO$BNS.TO$CM.TO$NA.TO$RY.TO$TD.TO

Research54d ago

Oppenheimer Upgrades Integer Holdings to Outperform From Market Perform, Price Target is $115

Integer Holdings (ITGR) has an average rating of overweight and mean price target of $97.22, 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)

$ITGR

Asia54d ago

CStone Pharmaceuticals Plans Share Buyback

CStone Pharmaceuticals (HKG:2616) intends to buy back up to nearly 136.5 million shares from the open market from time to time under a mandate approved June 25, 2025, according to a Wednesday Hong Kong bourse filing.The repurchase plan is expected to be implemented following the American Society of Clinical Oncology (ASCO) Annual Meeting.

HKG:2616

Mining & Metals54d ago

Silver Mountain Resources Completes 75% of Processing Plant Rehabilitation Activities at Reliquias

Silver Mountain Resources (AGMR.TO) has completed about 75% of overall plant rehabilitation activities at its 100%-owned Reliquias processing plant in central Peru, it said on Wednesday.Major processing equipment installation has been completed across the crushing, grinding and flotation circuits, with the plant advancing through integration, mechanical completion and commissioning preparation activities, the company said.Empty-load testing has also been successfully completed on the crushing circuits, key grinding circuit equipment and flotation circuit equipment, with satisfactory results achieved and no operational issues identified during testing, it added.The next phase of work will focus on mechanical completion, electrical integration, instrumentation installation and dry commissioning activities as Silver Mountain advances toward operational readiness and its targeted Q3 2026 production restart.Shares of the company closed up 5.7% to $4.47 on Tuesday on the Toronto Stock Exchange.

$AGMR.TO

International54d ago

Tech, Oil Shares Lift European Bourses Midday

European bourses tracked moderately higher midday Wednesday as continental traders joined the global tech-sector rally and as oil shares tracked higher on prospects for tight crude markets going forward.In contrast, bank, food and property stocks lagged in midday trading.Investors also eyed Wall Street futures flashing green amid higher closes overnight on Asian exchanges, including fresh zeniths on equity indices in Seoul and Tokyo.In economic news, seasonally adjusted industrial production in the eurozone gained 0.2% month over month in March and rose 0.8% in the broader EU, Eurostat reported. Year over year, industrial output fell 2.1% in the euro area and by 1% in the EU.The pan-continental Stoxx Europe 600 Index was up 0.3% mid-session.The Stoxx Europe 600 Technology Index rose 2%, while the Stoxx 600 Banks Index lost 0.2%.The Stoxx Europe 600 Oil and Gas Index rose 0.9%, while the Stoxx 600 Europe Food and Beverage Index declined 0.7%.The REITE, a European REIT index, fell 0.7%.On the national market indexes, Germany's DAX was up 0.7%, and the FTSE 100 in London was steady. The CAC 40 in Paris was down 0.4%, and Spain's IBEX 35 eased 0.2%.Yields on benchmark 10-year German bonds were higher, near 3.1%.Front-month North Sea Brent crude-oil futures were up 0.1% at $107.85 a barrel.The Euro Stoxx 50 volatility index was down 3.9% at 22.43, indicating above-average volatility for European stock markets in the next 30 days, a negative signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

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Mining & Metals54d ago

Hydro One Posts Q1 Beat, Lifts Dividend and Changes CEO

Hydro One (H.TO) on Wednesday reported attributable net income and revenues for the first quarter that beat expectations, and the company lifted its dividend while changing its chief executive.Hydro One reported an attributable net income of C$391 million, or $0.65 per basic and diluted share, in the three months ended March 31, increasing from $358 million, or $0.60 per share, booked a year ago. Analysts expected Hydro One to record earnings of $0.64 per share, according to a consensus estimate compiled by FactSet.The change in EPS year-over-year was largely due to increased revenues from Ontario Energy Board (OEB)-approved rates and higher peak demand, partially offset by higher financing charges and higher depreciation, it said.Revenue climbed to $2.65 billion from $2.41 billion, above the analyst forecast of $2.49 billion compiled by FactSet.Hydro One declared a quarterly cash dividend of $0.3531 per share to common shareholders, payable June 30 to shareholders of record on June 10. The dividend represents an increase from a dividend of $0.3331 per share declared in February.Meanwhile, Hydro One appointed Megan Telford, currently chief operating officer, as president and chief executive officer, effective June 9, following the impending retirement of David Lebeter, who will remain as a special advisor with the company until October 10, 2026.Hydro One also announced the appointment of Debbie Hutton as the Government of Ontario's nominee to the company's board of directors."This CEO transition marks a continuation of the strong leadership and shared purpose we have built at Hydro One," said Lebeter.Shares in Hydro One were up $0.42 or 0.7% at $59.15, leaving it near 52 week highs.

$H.TO

Mining & Metals54d ago

Boyd Group Services Reports Wider Q1 Net Loss, Despite Higher Sales and Adjusted Net Earnings

Boyd Group Services (BYD.TO, BGSI) reported wider net loss in the first quarter, despite a rise in sales and adjusted net earnings, the company said on Wednesday.First quarter net loss was US$7.9 million, compared to net loss of $2.6 million in the corresponding year-ago quarter. The net loss was impacted by acquisition and transformational cost expenses in the first quarter of 2026 related to the Joe Hudson acquisition and Project 360, said the company and added that these costs are expected to decline as integration finalizes.First quarter adjusted net earnings per share was $0.58 per share, up from $0.31 per share in the year-ago quarter, driven primarily by the increase in adjusted EBITDA, said the company.First quarter sales were $996.7 million, compared to $778.3 million in the year-ago quarter. The consensus estimates compiled by FactSet for Sales was $992 million. The increase in sales was driven by $203.3 million from new location growth and continued market share gains reflected in positive same-store sales performance, added the company."We achieved our third consecutive quarter of positive same-store sales, supported by market share gains and improving industry conditions that continue to drive volume growth, even as total cost of repair remained subdued," said Brian Kaner, President and Chief Executive Officer of the Boyd Group. "In addition to strong top-line performance, we expanded Adjusted EBITDA margins by 200 basis points as we continue to make meaningful progress towards our 14%+ Adjusted EBITDA margin goal."The company added 269 locations during the quarter, including 258 from the Joe Hudson's acquisition, three from single shop acquisitions and eight new start up locations, it added.Industry conditions continued to improve in the first quarter of 2026, stated the company. Based on first quarter claims processing platform data, the company estimates that repairable claims volume declined in the range of 0-2% during the quarter, which is now back in-line with Boyd's long-term growth framework, the company added."I'm pleased to report that the normalization in repairable claims has continued to positively benefit our business early in the second quarter, with same-store sales in April approaching the low end of our long-term range," added the CEO. "We continue to expect same-store sales growth to be complemented by contributions from new location growth as we execute our growth strategy. In the second quarter of 2026, the Company expects to open five start up locations with an additional 17 start up locations to be added through year-end. Supported by a robust pipeline of both new start up opportunities and acquisitions, we remain confident in our outlook for new location growth in 2026 and beyond."

$BYD.TO

Insider Trading54d ago

51talk Online Education Insider Bought Shares Worth $2,922,713, According to a Recent SEC Filing

Jack Jiajia Huang, 10% Owner, Director, Chief Executive Officer, on May 06, 2026, executed a purchase for 119,400 shares in 51talk Online Education (COE) for $2,922,713. Following the Form 4 filing with the SEC, Huang has control over a total of 75,798,260 Class A ordinary shares of the company, with 7,297,560 shares held directly and 68,500,700 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1659494/000110465926059790/xslF345X05/tm2614482-1_4seq1.xml

$COE

Research54d ago

William Blair Upgrades Vestis to Outperform From Market Perform

Vestis (VSTS) has an average rating of hold and mean price target of $8.87, 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)

$VSTS

Commodities54d ago

SK Innovation Businesses Face Uncertainties as Middle East Conflict Continues

Most of SK Innovation's key subsidiaries face uncertainties in Q2 due to logistical disruptions and oil price volatility caused by the ongoing conflict in the Middle East, the South Korean intermediate holding company said in its Q1 results on Wednesday.Oil refiner SK Energy expects the normalization of production and logistics to "take time" even after conflict resolution. In Q1, higher oil prices have resulted in inventory gains.SK Geo Centric, a chemical manufacturing company, said "oil price trends may drive volatility stemming from inventory effect," despite higher earnings in Q1 due to strong naphtha prices and aromatic spreads.For SK Enmove, a lubricant and base oil producer, margins were lower in Q1 due to higher oil prices, but tight supply and feedstock availability concerns may improve results in Q2.Exploration and production company SK Earthon also benefited from higher oil and gas prices in Q1, and may see resilient financial performance in Q2 due to "robust integrated selling price," according to the report.For SK Innovation's battery business, SK On, long-term profitability is expected to improve due to sales growth in Europe and growing market in North America. The subsidiary has recently won three projects in a government tender, totaling 284 megawatts or 50.3% of the total capacity.Meanwhile, the Energy & Service unit may see lower city gas demand in Q2 following a winter heating demand peak in Q1.This segment, as well as the SK IE Technology, posted year-over-year declines in Q1 revenue. All other SK Innovation subsidiaries recorded positive revenue changes.SK Innovation also said it had delivered the first liquefied natural gas cargo from Australia's Caldita-Barossa gas field, and will serve as project operator for the 1.5-gigawatt Quynh Lap LNG power project in Vietnam.

Asia54d ago

China Electronics Optics Renews Financial Services Contract with Affiliate

China Electronics Optics Valley Union (HKG:0798) renewed an agreement to continue obtaining deposit, loan, and other financial services from China Electronics Financial, according to a Wednesday Hong Kong bourse filing.The renewal, which comes as the current agreement between the parties will expire June 29, is subject to shareholder approval.China Electronics Financial is a unit of China Electronics Corporation, which is a substantial shareholder of China Electronics Optics Valley Union.

HKG:0798

Treasury54d ago

BMO in The Day Ahead in Canada

Bank of Canada External Deputy Governor Alexopoulos will talk about Artificial Intelligence adoption and its implications for productivity and economic potential on Wednesday.Remarks will be published on the BoC's site at 11:05 a.m. ET, noted the bank.BMO will also be scouring the BoC minutes at 1:30 p.m. ET on Wednesday for further insight into how concerned officials are about persistent inflation, elevated oil prices and slowing economic growth.

$CXY

Asia54d ago

Market Chatter: Vietnam Boosts Refined Petroleum Products Purchase in March-April

Vietnam's refined fuel imports rose nearly 17% in the March to April, Reuters reported Wednesday, citing the country's customs data.In terms of value, refined fuel imports were up 144% compared with a year earlier, the report said.The adjustment helped ease immediate supply pressures due to the Iran war, though it added strain to the country's trade balance, the report said.Inflation also accelerated to 5.46% in April, exceeding the government's 4.5% target.Vietnam increased imports from Malaysia and South Korea to make up for the declining fuel supplies from Singapore and China, the news agency reported, citing the data.(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.)

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Asia54d ago

Central China Real Estate's Contracted Sales Climb Slightly in April

Central China Real Estate's (HKG:0832) contracted sales jumped 0.8% year over year to 604 million yuan in April, while gross floor area (GFA) slipped 11% to 86,360 square meters, according to a Wednesday Hong Kong bourse filing.The property firm's average selling price for the three months stood at 6,994 yuan per square meter, up 13% from a year prior.For the first four months of 2026, contracted sales and GFA fell 18% and 25%, respectively, to 2.22 billion yuan and 338,285 square meters, with average selling price rising 8.9% to 6,563 yuan per square meter.

HKG:0832

Asia54d ago

Sumitomo Realty & Development's Attributable Profit Up 11% in Fiscal 2025

Sumitomo Realty & Development's (TYO:8830) profit attributable to owners of the parent increased by 11% to 212.54 billion yen for the fiscal year ended March 31 from 191.68 billion yen a year earlier.The Japanese real estate company's earnings per share increased to 228.42 yen from 202.56 yen a year ago, according to a Tokyo bourse filing on Wednesday.Revenue from operations jumped 4.3% to 1.058 trillion yen from 1.014 trillion yen in the prior year.For fiscal year 2026, the company expects attributable profit of 223 billion yen and revenue from operations of 1.07 trillion yen. Sumitomo Realty & Development plans to pay per-share interim and year-end dividends of 26 yen each for the year.

TYO:8830

Research54d ago

UBS Upgrades KE to Buy From Neutral, Adjusts Price Target to $23 From $18

KE (BEKE) has an average rating of buy and mean price target of $21.20, 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)

$BEKE

Commodities54d ago

Rerouting due to Middle East Conflict to Add $8 Billion Fuel Burden on Airlines This Summer, Study Shows

Airlines operating in the long-haul European routes are staring at a potential fuel cost penalty of over $8 billion between May and August arising from the need to take longer flight paths to avoid the Middle East conflict zones, according to a report published Tuesday by aviation fuel management technology provider i6 Group.The report, which cites operational data from almost 300 airports tracked by i6's Fusion6 platform, projected the industry-wide rerouting fuel cost due to the ongoing Middle East conflict between $5.6 billion to $8.4 billion for May to August, with structural fuel costs expected to eat into peak-season profits."Since the restrictions on Middle East airspace began on February 28, 2026, airlines operating Europe-to-Asia and Europe-to-East-Africa corridors have flown longer routes around the conflict zone. Every long-haul departure now carries additional fuel to cover the detour, adding structural cost to every flight," the report said.According to the study, fuel cost penalty within the i6 network stands at about $131 million per month and the figure is expected to exceed $8.4 billion when scaled industry-wide during the four-month summer when flight frequencies and load factors are at their peak.Meanwhile, fuel inventories at European airports have also seen a sharp rise, with average book stock in 61 airports recording a 62.2% jump in April this year, compared with the corresponding period last year. The existing supply has exceeded demand by 17%, versus 6% from the year-ago period."The buildup reflects a defensive hedge against further disruption to Strait of Hormuz supply chains. Operators are delivering more fuel than airlines are consuming in preparation for a potential significant supply disruption beginning in a few weeks," the report said.

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Mining & Metals54d ago

Boyd Group Services Reports Wider Q1 Net Loss, Despite Higher Sales and Adjusted Net Earnings

$BYD.TO