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MSCI, SGX to Launch Futures and Options of Global and Emerging Market Indices

Singapore Exchange signed a new licensing agreement with MSCI to introduce futures and options contracts based on a suite of the former's indices across global developed and emerging markets, according to an MSCI press release on Thursday.The index and analytics provider is looking to expand its partnership with the city-state's bourse operator to cover flagship global and regional equity benchmarks, market indices and EM Asia sector indices.The agreement is structured to help institutional investors managing multi-regional equity portfolios via a centrally cleared location in the regional time zone.

^STI

Research5d ago

Yuanta Securities Starts Forth Corporation at Buy with THB21.30 Price Target

BKK:FORTH

Research5d ago

CTBS Securities Starts Formosa Chemicals and Fibre at Add with NT$80 Price Target

Formosa Chemicals and Fibre (TPE:1326) has an average rating of overweight and mean price target of NT$69.24, 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)

TPE:1326

Research5d ago

Yuanta Securities Upgrades Aerospace Industrial Development to Buy from Hold; Price Target is NT$80

Aerospace Industrial Development (TPE:2634) has an average rating of overweight and mean price target of NT$66.20, 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://finwires.com/en/contact)

TPE:2634

Research5d ago

ICBC Research Downgrades Topsports International to Neutral from Buy; Price Target is HK$1.45

Topsports International (HKG:6110) has an average rating of overweight and mean price target of HK$2.39, 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)

HKG:6110

Research5d ago

DBS Bank Starts Pan-United at Buy with SG$1.88 Price Target

SGX:P52

Equities5d ago

Serica Energy Secures $750 Million Loan Package

Serica Energy (SQZ.L) said Thursday it signed a new $750 million loan package to replace its current $525 million reserves-based lending facility.The new six-year, senior secured reserves-based lending facilities are comprised of a $500 million secured revolving loan facility and a $250 million secured revolving letter of credit facility backed by 11 international banks.The oil and gas company said it can also tap another $750 million through an accordion option.

$SQZ.L

Asia5d ago

Leadtrend Technology Names President

Leadtrend Technology (TPE:3588) named Chuei-Hua Chiu as its president, effective July 23, according to a same-day filing with the Taiwan Exchange.Chiu previously served as the power management integrated circuit designer's senior vice president.

TPE:3588

Asia5d ago

Macrolink Culturaltainment Development to Avail of Property Management Services from Former Subsidiary

Macrolink Culturaltainment Development (SHE:000620) is looking to sign a 24.1-million-yuan master service agreement with Beijing Yuehao Property Management, according to a Thursday filing with the Shenzhen bourse.The company will avail of property management services from Yuehao, a unit indirectly held by the listed company's former subsidiary New Silk Road Holding.

SHE:000620

Asia5d ago

KB Financial Plans 270 Billion Won Issuance of Amortized Hybrid Securities

KB Financial's (KRX:105560) board approved the issuance of up to 270 billion won in domestic unsecured amortized contingent capital securities on Thursday, to bolster its BIS capital adequacy ratio by expanding additional Tier 1 capital.The proceeds will be used for debt repayment, and the final issuance amount and interest rates will be determined based on future demand forecasting results within the 400 billion won board-approved limit.The perpetual securities feature a five-year call option, subject to regulator's approval, and under conditions that maintain sufficient capital levels, according to a bourse filing on Thursday.

KRX:105560

Asia5d ago

Shinhan Financial Group's Net Attributable Income Rises in Q2

Shinhan Financial Group (KRX:055550) posted second-quarter net income attributable to shareholders of 1.820 trillion won, up 18% from 1.549 trillion won a year earlier, according to a Thursday filing with the Korea Exchange.Sales jumped 7.9% year over year to 25.1 trillion won from 23.2 trillion won.The company declared a Q2 dividend of 740 won per share. The dividend will be paid on Aug. 28 to shareholders as of the record date of July 30.Shares of Shinhan Financial Group fell nearly 1% at market close.

KRX:055550

Commodities5d ago

US Jet Fuel Demand Hits Record High as FIFA World Cup Spurs Air Travel

US jet fuel demand climbed to a record high in the week ended July 17, according to data from the US Energy Information Administration.Total US jet fuel supplied for the week neared 2.15 million barrels per day, up from 1.76 mmbbl/d the prior week, and 1.68 mmbb/d during the same period last year, EIA data showed. It also surpassed the prior weekly record of 2.11 mmbbl/d in December 2017.This surge was supported by the FIFA World Cup, as fans shuttled between New York, New Jersey, and other major venues, according to a Reuters report, citing UBS oil analyst Giovanni Staunovo.On July 19, the day of the tournament's final match between Spain and Argentina, more than 2.9 million passengers passed through airport security checkpoints, up from 2.5 million the day prior, Reuters reported, citing the US Transportation Security Administration.This was in part due to the World Cup being hosted across three different countries and 16 venues in the US, Mexico and Canada, leading to significant demand for air travel, according to Reuters, citing IATA.

Asia5d ago

Ennoconn's Attributable Profit Soars 81% in June

Ennoconn (TPE:6414) posted an attributable profit of NT$370 million for June, shooting up 81% from a year earlier.June earnings per share rose 69% year over year to NT$2.52, according to a Thursday Taiwan Exchange filing.Meanwhile, revenue for the month surged 57% annually to NT$17.7 billion.

TPE:6414

Research5d ago

Orient Securities Starts Trip.com Group at Add with HK$373.42 Price Target

Trip.com Group (HKG:9961) has an average rating of buy and mean price target of HK$468.83, 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)

HKG:9961

Equities5d ago

UBS Upgrades Paladin Energy to Buy from Neutral; Price Target is AU$11.70

Paladin Energy (ASX:PDN) has an average rating of overweight and mean price target of AU$12.49, 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)

ASX:PDN

Asia5d ago

Jefferies Downgrades Cochlear to Hold from Buy; Price Target is AU$128.40

Cochlear (ASX:COH) has an average rating of hold and mean price target of AU$127.13, 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)

ASX:COH

Asia5d ago

Barrenjoey Markets Downgrades Arena REIT to Neutral from Overweight; Price Target is AU$3.35

Arena REIT (ASX:ARF) has an average rating of overweight and mean price target of AU$3.95, 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)

ASX:ARF

Asia5d ago

China Asks UK to Treat Chinese Business Firms Fairly

Chinese Foreign Minister Wang Yi called on the U.K. to ensure fairness in the treatment of Chinese firms operating in the country, Xinhua News Agency reported Thursday, citing remarks made on the sidelines of the ASEAN Foreign Ministers' Meeting in Manila, Philippines.Wang met with his British counterpart Ed Miliband to ask London to avoid imposing security measures on economic and trade issues.

Shanghai Composite^SZSE

Asia5d ago

Anhui Expressway, Units Enter Expressway Toll Card Cost Sharing Agreement

Anhui Expressway (HKG:0995, SHA:600012), along with seven units, entered into agreements to share the issuance costs of expressway electronic toll collection cards incurred by Anhui Traffic Intelligence Technology.The costs will be apportioned among expressway operators in Anhui Province on a quarterly basis.The amount and sharing ratio will be calculated based on the number of cards issued and the proportion of toll revenues of each expressway operator.

HKG:0995SHA:600012

Asia5d ago

KB Financial Authorizes 700 Billion Won Treasury Stock Buyback via Trust Contract

KB Financial's (KRX:105560) board approved a 700 billion won treasury stock acquisition through a trust contract with Samsung Securities (KRX:016360) on Thursday, according to a bourse filing on the same day.The buyback program runs from July 24 to Dec. 16, targeting approximately 3.99 million common shares at a reference price of 175,100 won per share, based on the July 22 closing price.The company currently holds 3.58 million treasury shares within the dividend-available limit and 19.8 million shares indirectly through existing trust contracts, for a total of about 22.9 million shares.All shares acquired under the new trust contract are expected to be retired within one year after the contract period ends.The acquisition remains within the company's 1.14 trillion won limit of distributable profits as of the previous fiscal year-end.

KRX:016360KRX:105560

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