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Hyundai Glovis' Profit Drops 27% in Q2

Hyundai Glovis' (KRX:086280) profit attributable to owners of the parent fell 27% to 368.3 billion won for the second quarter from 503.2 billion won a year earlier.The logistics company's net sales jumped 16% to 8.7 trillion won for the three months ended June 30 from 7.5 trillion won in the prior-year quarter, according to a Korea Exchange filing on Thursday.For the first half, attributable profit fell 21% to 708.6 billion won from 901.2 billion won, while cumulative net sales rose 12% to 16.5 trillion won from 14.7 trillion won.

KRX:086280

Research5d ago

KeyBanc Downgrades Southern to Underweight From Sector Weight, Price Target is $79

Southern (SO) has an average rating of hold and mean price target of $101.66, 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://finwires.com/en/contact)

$SO

Commodities5d ago

Market Chatter: Trump Set to Unveil Expanded Power Cost Pledge to Shield Ratepayers Amid AI Boom

US president Donald Trump is set to unveil an expanded utility pledge on Thursday to ensure data center developers pay above-market electricity rates, shielding households from AI-driven price spikes, Reuters reported Wednesday.The nonbinding initiative extends his original March pledge to cover 80% of all power delivered to US homes and businesses, as per the report.Protecting customers remains a significant challenge as regional electric grids face severe strain, highlighted by transmission congestion surging to $3.2 billion in 2025 within the PJM Interconnection and record-breaking power auction prices, the report noted.None of the parties involved responded immediately to' request for 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.)

Research5d ago

KeyBanc Initiates Vertiv Holdings at Overweight With $360 Price Target

Vertiv Holdings (VRT) has an average rating of overweight and mean price target of $376.99, 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://finwires.com/en/contact)

$VRT

Research5d ago

KeyBanc Upgrades Ameren to Overweight From Sector Weight, Price Target is $122

Ameren (AEE) has an average rating of overweight and mean price target of $123.07, 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://finwires.com/en/contact)

$AEE

Research5d ago

KeyBanc Upgrades Duke Energy to Overweight From Sector Weight, Price Target is $139

Duke Energy (DUK) has an average rating of overweight and mean price target of $139.28, 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://finwires.com/en/contact)

$DUK

Asia5d ago

CSG Digital Power Grid Expects H1 Profit to Surge 1,512%

CSG Digital Power Grid Research Institute (SHE:301638) expects its net profit attributable to shareholders in the first half to skyrocket by between 1,051% and 1,512% to a range of 150 million yuan to 210 million yuan, according to a Shenzhen bourse filing on Wednesday.The digital power grid systems developer's shares jumped 8% at the close of Thursday's trade.The attributable profit a year earlier was approximately 13 million yuan.The company attributed the forecast to accelerating its investment schedules and expediting project implementation and delivery.

SHE:301638

Research5d ago

Deutsche Bank Upgrades JPMorgan Chase & Co. to Buy From Hold, Adjusts PT to $375 From $345

JPMorgan Chase & Co. (JPM) has an average rating of overweight and mean price target of $373.57, 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://finwires.com/en/contact)

$JPM

Asia5d ago

Sinbon Electronics Sells Entire Stake in Dynahz Technologies for NT$596 Million

Sinbon Electronics (TPE:3023) board approved the sale of its entire stake in Dynahz Technologies to Universal Microwave Technology for about NT$595.9 million.The company will sell 2.77 million common shares at NT$215 apiece, according to a Thursday Taiwan Exchange filing.Following the transaction, Sinbon will no longer hold any shares in Dynahz Technologies.

TPE:3023

Commodities5d ago

German Coastal Wind Project Nordseecluster A Delivers 1st Power to Grid

The 1.6-gigawatt Nordseecluster offshore wind project on Germany's coast has delivered its first electricity to the grid, developer RWE said in a statement on Wednesday.The project's Nordseecluster A phase, with a capacity of 600 megawatts, is scheduled to be fully connected to the grid in early 2027. Wind turbine installation is making progress, along with testing and commissioning.Its 44 turbines will feed power into two offshore substations where it will be raised to the necessary transmission voltage. From that point, power will be sent to the grid operator's converter station and transported to the mainland.The Nordseecluster A has two separate grid connection points requiring two offshore substations, the statement said.The project's second phase, Nordseecluster B, will add 900 MW more capacity. Foundations installation will start next year then in 2028, 60 Vestas turbines will be installed. The B phase will begin operations from early 2029, the statement said.The entire project will generate about 6.5 terawatt hours of electricity each year.The project is a joint project between 51% stakeholder RWE and Norges Bank Investment Management which holds 49%. RWE will remain responsible for construction and operation of the project over its lifetime.

Asia5d ago

Hyundai Motor Launches Shanghai UX Studio to Integrate Chinese Mobility Insights into Global R&D

Hyundai Motor (KRX:005380) has launched UX Studio Shanghai, a research hub in Jing'an district, China, according to a statement on Wednesday.The facility functions as an advanced outpost for systematically analyzing local consumer behaviors and electrification trends, with findings directly channeled into the group's worldwide development programs.As part of a broader UX network spanning Seoul, Frankfurt, and Irvine, this studio facilitates direct customer co-creation from concept through production, positioning user-centered design as a primary competitive differentiator.According to senior leadership, the initiative formally transitions the group's mobility proposition from vehicle manufacturing to comprehensive experience architecture, leveraging Chinese market intelligence to inform global product strategies.

KRX:005380

Research5d ago

Jefferies Upgrades Verisk Analytics to Buy From Hold, Adjusts Price Target to $235 From $192

Verisk Analytics (VRSK) has an average rating of overweight and mean price target of $228, 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://finwires.com/en/contact)

$VRSK

Research5d ago

Guggenheim Initiates Autodesk at Buy With $245 Price Target

Autodesk (ADSK) has an average rating of buy and mean price target of $315.14, 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://finwires.com/en/contact)

$ADSK

Research5d ago

Guggenheim Initiates Tyler Technologies at Buy With $440 Price Target

Tyler Technologies (TYL) has an average rating of buy and mean price target of $434.67, 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://finwires.com/en/contact)

$TYL

US Markets5d ago

First Abu Dhabi Bank Shares Rise Amid First-half Profit Growth

Shares in First Abu Dhabi Bank (ADX:FAB) rose Thursday after the United Arab Emirates' biggest bank by assets reported annual growth in first-half profit.Net profit attributable to shareholders of the bank for the six months ended June 30 came in at 10.73 billion Emirati dirhams, up from 10.63 billion dirhams a year ago.Total net interest income and income from Islamic financing and investing products rose to 11.48 billion dirhams from 10.09 billion dirhams. The bank attributed the 14% growth to business volumes and improved margins.Meanwhile, net fee and commission income increased to 2.78 billion dirhams from 2.32 billion dirhams. Operating income came in at 19.50 billion dirhams, up from 18.31 billion dirhams.Loans and advances rose 7% year to date to 661 billion dirhams, while customer deposits grew 1% over the period to 853 billion dirhams.The bank's shares rose over 5% as of midday in Abu Dhabi."These results reflect the strength of our client base and the trusted relationships we have built across our home market and international network," said Group Chief Executive Officer Hana Al Rostamani. "Our continued focus on disciplined execution and targeted investments in AI capabilities has enabled us to sustain growth momentum and further reinforce our position as the UAE's global bank."

ADX:FAB

Asia5d ago

Unisplendour Sees No Reason for Recent Stock Price Deviation

Unisplendour (SHE:000938) did not record any significant changes in its operating conditions amid a deviation of its stock price, according to a Thursday filing with the Shenzhen bourse.The digital and artificial intelligence company's closing price deviated by more than 20% across three straight trading sessions from July 20 to July 22.Following an internal investigation and verification with its controlling shareholder and actual controller, the company said it has no undisclosed material information, plans, or negotiations that may have had a significant impact on its stock price.Shares closed 5% lower on Thursday.

SHE:000938

Asia5d ago

Inspur Electronic Information Industry Commits 100 Million Yuan in AI-Focused Fund

Inspur Electronic Information Industry (SHE:000977) will invest 100 million yuan in a 700-million-yuan venture fund.The fund, dubbed Hao Fund, will mainly focus on strategic emerging fields such as artificial intelligence, according to a Thursday filing with the Shenzhen bourse.Inspur Electronic Information Industry will hold a 14% stake as a limited partner.Shares of the information technology infrastructure products company closed 3% higher Thursday.

SHE:000977

Asia5d ago

Jereh Oilfield Services' Unit Signs $1.47 Billion Turbine Generator Set Supply Deal

Jereh Oilfield Services Group's (SHE:002353) unit, J&F Power Systems, signed a gas turbine generator set supply contract with an unnamed cloud service provider for $1.47 billion, according to a Thursday disclosure on the Shenzhen bourse.The oil and gas company will deliver the gas turbine generator sets in batches by November 2027.The company's shares jumped 10% at the close.

SHE:002353

Asia5d ago

Hong Kong Stocks Rise on Thursday; Tsaker New Energy Soars

Hong Kong stocks closed higher on Thursday as investors looked ahead to next week's U.S. Federal Reserve meeting and welcomed a new agreement between Malaysian and Hong Kong regulators to strengthen cross-border capital market access.The Hang Seng Index gained 318.15 points, or 1.3%, to close at 25,210.81, while the Hang Seng China Enterprises Index rose 101.60 points, or 1.2%, to 8,352.67.Markets were supported by news that Malaysian and Hong Kong securities regulators signed a memorandum of understanding to facilitate dual IPO listings and expand the range of investment products eligible under their mutual recognition of funds framework.Investors also awaited next week's Federal Reserve policy decision, with the central bank widely expected to leave interest rates unchanged, though markets continue to anticipate the possibility of a rate hike later this year.Technology stocks across Asia gained after Alphabet raised its capital spending plans and Tesla maintained its AI investment outlook, easing concerns over AI infrastructure demand.Among individual stocks, Tsaker New Energy Tech (HKG:1986) surged more than 20% after forecasting a sharp increase in first-half attributable profit.Keymed Biosciences (HKG:2162) gained over 2% after its experimental drug CM512 received breakthrough therapy designation in China for treating chronic rhinosinusitis with nasal polyps.

Hang Seng

Asia5d ago

Market Chatter: China Regulator Resumes Permit Issuance for Robotaxis After Three-Month Pause

China's Ministry of Industry and Information Technology resumed the issuance of permits for self-driving taxis following a hiatus that began in April, Bloomberg reported Thursday, citing people familiar with the matter.An outage involving dozens of robotaxis operated by Baidu's (HKG:9888) Apollo Go, which stranded passengers and disrupted traffic in Wuhan, China, triggered the suspension of permit issuances, according to the report.Among the first companies to receive new permits was newly listed Momenta Global (HKG:6880) to allow the self-driving taxi operator to run trials in Shenzhen, while Baidu's robotaxi operations could also resume service, the report said.The ministry was not immediately available for comment.(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.)

Shanghai Composite^SZSEHKG:6880HKG:9888

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