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Research Alert: Vodafone Fy 26 Results Met Guidance Amid Mixed Regional Performance

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Vodafone's FY 26 (Mar.) revenue rose 8.0% to EUR40.5B with organic service revenue growth of 5.4% to EUR33.5B, hitting top-end guidance and meeting analyst expectations. Adjusted EBITDAaL increased 4.5% organically to EUR11.4B, though margin declined 1.1%-pts to 28.1% due to Three UK consolidation while strong Africa performance (+14.0% EBITDAaL growth) offsetting European market weakness. We think the "improvement trajectory" in Germany will be the crucial swing factor in the future. Management guides FY 27 adjusted EBITDAaL of EUR11.9B-12.2B and adjusted FCF of EUR2.6B-2.9B, reflecting confidence in simplified structure. The accelerated GBP4.3B buyout of CK Hutchison's 49% U.K. stake was a mild surprise but signals confidence in integration progress, allowing tighter strategic control. Vodafone returned EUR3.1B to shareholders (EUR1.1B dividends, EUR2.0B buybacks) with leverage at 2.2x, bottom of target range. We believe the turnaround is gaining traction though challenges remain in European markets.

$VOD

Asia53d ago

Evergreen International Storage Logs NT$553 Million Profit in Q1

Evergreen International Storage & Transport (TPE:2607) reported a profit attributable to owners of NT$553.3 million, or NT$1.04 per basic share, in the first quarter.Operating revenue amounted to NT$3.99 billion, according to a Tuesday Taiwan Exchange filing.The computer components manufacturer did not provide comparative year-ago figures.

TPE:2607

International53d ago

Hong Kong's SME Sentiment Worsens in April

Business sentiment among Hong Kong's small and medium-sized enterprises (SMEs) weakened in April.The current diffusion index (DI) on business receipts amongst SMEs slipped to 44 in the contractionary zone in April from 44.3 in March, according to data released Tuesday by the Census and Statistics Department.The outlook index for May was 47.5, still under the 50-mark signaling contraction.The business sentiment remained cautious in the month amid the Middle East conflict, according to a government spokesman.Looking ahead, the situation in the Middle East continues to cause uncertainty for local business sentiment, however, economic growth is expected to provide support.

Hang Seng

Asia53d ago

Shuangcheng Pharmaceuticals Secures License Amendment for Hydrochloride Tablets

Hainan Shuangcheng Pharmaceuticals (SHE:002693) unit Ningbo Shuangcheng obtained an amended drug manufacturing license from the Zhejiang regulator.The amendment added Guangzhou Jiurui Pharmaceutical as an entrusted manufacturer for memantine hydrochloride tablets, according to a Tuesday filing with the Shenzhen bourse.The license remains valid until Nov. 13, 2027, with no other changes.Shares of the pharmaceutical company closed 5% lower Tuesday.

SHE:002693

International53d ago

ZEW: German Economic Sentiment Improves in May; Current Conditions Weaken

Germany's economic sentiment index climbed to -10.2 points in May from -17.2 points in April, research institute ZEW said Tuesday.The consensus estimate for the month was -19.2 points, according to Investing.com.Meanwhile, the current situation indicator came in at -77.8 points, compared with the previous -73.7 points and the expected -77.5 points.

^SXXP

Asia53d ago

Shining Tools Bags INR20 Million Order for Carbide Anvils

Shining Tools (BOM:544607) has secured an order worth 20.1 million Indian rupees from Chandan Process, according to a BSE filing on Tuesday.The contract is for the supply of brazed carbide anvils within six months.The company's shares were up over 2% in recent trade.

BOM:544607

Asia53d ago

New Solvency Regime Credit Positive for Taiwan's Life Insurers, S&P Says

The new Taiwan Insurance Solvency framework is credit positive for Taiwanese life insurers managing their asset-liability mismatch and interest rate, S&P Global Ratings said in a Tuesday release.The framework encourages life insurers to retain strong asset-liability management in terms of duration and cash flow, the rating agency said.Life insurers will keep narrower asset-liability mismatch under the new regime that reduces their interest rate shock exposure, credit analyst Patty Wang said.Tighter asset-liability management will lessen capital gain chances for some insurers, but the benefits from the new regime have better value compared to short-term gains, the analyst said.Taiwan's life insurers have also made stride to prevent unnecessary future risk on top of the 15-year transition period specified by the local regulator, S&P said.

Taiwan Weighted

Research53d ago

Benchmark Initiates Insulet at Buy With $250 Price Target

Insulet (PODD) has an average rating of overweight and mean price target of $248.50, 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)

$PODD

Research53d ago

Benchmark Initiates DexCom at Buy With $77 Price Target

DexCom (DXCM) has an average rating of overweight and mean price target of $83.72, 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)

$DXCM

Research53d ago

Phillip Securities Upgrades AppLovin to Buy From Accumulate, Adjusts PT to $635 From $725

AppLovin (APP) has an average rating of buy and mean price target of $655.34, 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)

$APP

Research53d ago

Citigroup Upgrades Lowe's Companies to Buy From Neutral, Price Target is $285

Lowe's Companies (LOW) has an average rating of overweight and mean price target of $286.97, 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)

$LOW

Asia53d ago

Market Chatter: SoftBank Group Eyes Up to $100 Billion in France Data Centre Investment

SoftBank Group (TYO:9984) is considering an investment of up to $100 billion in France as part of its artificial intelligence infrastructure expansion, Bloomberg News reported on Monday, citing unnamed sources.Founder Masayoshi Son has discussed launching a major AI data center project there with President Emmanuel Macron in the coming weeks, the news wire said.Any final commitment, however, may be lower depending on how Son prioritizes other projects, the publication said.SoftBank Group did not reply to' query at press time.(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.)

TYO:9984

Equities53d ago

Shell Price Target Edges Down as Berenberg Notes Buyback Reduction

Berenberg made "minor" revisions to its earnings estimates for Shell (SHEL.L, SHELL.AS) and trimmed its price target for the energy giant, noting a decline in share buybacks to $3 billion in the first quarter from $3.5 billion in the previous three months.The price target was cut to 40 pounds sterling from 41 pounds for the group's London-listed shares and to 46 euros from 47 euros for the Amsterdam-listed ones. Adjusted EPS estimates were reduced by 0.5% for 2026 and lifted by 2.8% and 4% for 2027 and 2028, respectively, on higher expectations for chemicals and products earnings."The decision to trim the buyback may disappoint investors, with the company choosing to strengthen the balance sheet," analysts said Tuesday. "Given the extremely strong cash flow in Q1, this could create room for further resource acquisitions in the coming quarters. The stock has materially lagged peers over the past 12 months, due mainly, in our view, to lower growth opportunities. We believe that there is room for a catch-up if the company can make strong progress on capital reallocation plans this year. We remain at Buy."

$SHEL.L$SHELL.AS

Commodities53d ago

EnBW Reports Decline in Q1 Gross Investment, Mostly Focused on Energy Infrastructure

German energy firm Energie Baden-Wurttemberg on Tuesday reported Q1 gross investment of 1.17 billion euros, mostly allocated to gas and electricity transmission grids, electricity distribution grids, and offshore wind power, down 21.1% from investments of 1.48 billion euros a year ago.Investments in growth projects accounted for 967.5 million euros or 82.9% of the total amount, while 199.6 million euros or 17.1% was allocated to existing projects, the company said in its Q1 earnings statement.In Q1, gross investment in the system critical infrastructure segment rose to 701.7 million euros, compared with last year's 618.6 million euros.Investments in the sustainable generation infrastructure segment almost halved to 369.8 million euros in Q1 from 744 million euros in the year-ago period.EnBW said its installed renewable energy capacity has risen to 7.4 gigawatts or about 66% in 2025 from 3.7 GW or 28% in 2018."The company aims to reduce its own emissions to net zero by 2040 and emissions along the upstream and downstream supply chain by 2050 at the latest," the statement added.

Asia53d ago

Premier Energies, Syrma SGS Scrap K-Solare Energy Acquisition; Shares Fall 5%

Premier Energies (NSE:PREMIERENE, BOM:544238) and Syrma SGS Technology have called off their planned acquisition of K-Solare Energy, according to a Monday filing on Indian bourses.Shares of the company fell nearly 5% in Tuesday's trade.The companies terminated discussions after evaluating strategic considerations, the filing said. The termination is not expected to have a material impact on the financial standing of either firm, it added.The proposed transaction, announced in October 2025, involved the acquisition of a 51% stake in K-Solare through a joint venture structure, according to the filing.

BOM:544238NSE:PREMIERENE

Commodities53d ago

Uniper Q1 Electricity Output Down YOY; Operations Resilient to Geopolitical Tensions

German energy company Uniper Tuesday reported a 20% decline in Q1 electricity generation to 11.78 terawatt-hours, compared with 14.75 TWh a year earlier, as output from all energy sources dropped.Hydro energy sources produced 3.33 TWh of electricity, a drop from the previous year's 3.46 TWh, as declines in German output due to below-average precipitation levels more than offset increases in Sweden. The volumes are based on the company's accounting view.Power output from gas plants dropped year over year to 5.12 TWh from 6.36 TWh, due to lower generation across Germany, the UK, and Netherlands.Nuclear output decreased to 1.78 TWh from 2.92 TWh, driven by the outage of Oskarshamn 3, according to the report.Production from hard coal plants eased to 1.55 TWh from 2.01 TWh, largely due to decommissioning and disposals of assets in the UK and Germany, the company saidUniper also reported a 2% year-over-year drop in gas storage levels to 35% at the end of Q1, although volumes remained sufficient to meet demand."Despite the ongoing geopolitical tensions caused by Russia's war against Ukraine, there was no gas shortage in Q1, thanks to adequate gas storage levels, mild temperatures and stable liquefied natural gas imports," the company said.Uniper also noted that its operations were not impacted by the conflict in the Middle East, as it did not import LNG from the region during the period."Uniper's diversified gas and LNG procurement portfolio is well positioned against geopolitical risks and resulting market volatilities," the company said.

Asia53d ago

StanChart Buys Back Shares

Standard Chartered (HKG:2888) repurchased 777,000 shares on Monday at an average price of 18.89 pounds sterling apiece, according to a Tuesday Hong Kong bourse filing.The British lender plans to cancel the shares, following which it will have about 2.21 billion shares in issue.

HKG:2888

Asia53d ago

Re-defaults in China's Bond Market Rising Amid Continued Housing Weakness, S&P Says

Lingering housing slowdown has driven greater re-defaults in China's bond market, S&P Global Ratings said in a recent release.About 40% of the country's restructured domestic bonds have re-defaulted since 2020, the rating agency said.A third housing market downturn under the crisis catalyzed by China Evergrande Group's default may prompt increased re-defaults in 2027, S&P's Greater China country lead for corporates Charles Chang said.Systemic risk concerns stemming from the crisis will worsen scenarios, especially with the added impact of the Iran conflict, Chang said.Given these challenges, the government carried out directives against outright defaults, leading to zero offshore bond default rates and amounts for new defaulters for the year to date, S&P said.However, declining default rates will further weigh on credit differentiation in the country's bond market and efficient credit allocation, according to Chang.

Shanghai Composite^SZSE

Equities53d ago

Petrobras Q1 Net Income, Revenue Rise

Petrobras (PBR) reported Q1 net income Tuesday of $6.2 billion, up from $5.97 billion a year earlier.Analyst polled by FactSet expected $6.04 billion.Sales revenue for the quarter ended March 31 was $23.54 billion, up from $21.07 billion a year earlier.Analysts surveyed by FactSet expected $26.56 billion.

$PBR

Asia53d ago

KDDI's Full-Year Profit Rises 7.9%

KDDI's (TYO:9433) profit attributable to owners of the parent climbed 7.9% to 707.1 billion yen for the fiscal year ended March 31, from 655.4 billion yen a year earlier.The telecommunication company's earnings per share increased to 183.55 yen from 161.81 yen a year ago, according to a Tokyo bourse filing on Tuesday.Operating revenue rose 4.1% to 6.072 trillion yen from 5.836 trillion yen in the prior year.It declared a final dividend of 40 yen per share, payable from June 29.For the fiscal year ending March 31, 2027, the company expects adjusted attributable profit of 731 billion yen, adjusted basic EPS of 196.29 yen, and operating revenue of 6.41 trillion yen.KDDI plans to pay interim and year-end dividends of 42 yen per share each for the year, higher than the amount paid in the year-ago period.

TYO:9433

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