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Sunview Lists 9 Million Private Placement Shares

Sunview (KLSE:SUNVIEW) completed the second tranche of the private placement after listing and quoting 9.1 million placement shares on the ACE Market of Bursa Securities.The clean energy company proposed a private placement of up to 10% of its total shares to third-party investors, according to a Thursday Malaysian bourse filing.

KLSE:SUNVIEW

Research55d ago

Research Alert: CFRA Raises Rating On Shares Of Cvs Health Corporation To Buy From Hold

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month price target to $100 from $80, 13.5x our 2026 EPS estimate (raised to $7.40 from $7.17; 2027 estimate up to $8.26 from $8.18), above CVS's three-year and five-year average forward multiples of 9.7x and 10.3x, respectively. While headwinds remain for CVS's insurance operations (Aetna) within a challenging medical cost environment, CVS is executing well within its longer-term turnaround strategy with indications of margin improvement, in our view. We also see debt levels declining from recent highs following two major acquisitions in 2023. Although the Pharmacy & Consumer Wellness segment's adjusted operating income declined 8.8% Y/Y to $1.20B during Q1, we see this as the result of seasonal impacts (less severe flu season) and look favorably on CVS raising segment adjusted operating income guidance for 2026 by 1.5%'given stronger performance expectations for the rest of the year. Shares yield 3.1%. We upgrade our rating to Buy from Hold.

$CVS

Asia55d ago

Rossell Techsys Receives Export Order for Wire Harness Manufacturing; Shares Jump 7%

Rossell Techsys (NSE:ROSSTECH, BOM:544294) received an order from an undisclosed overseas defense customer for manufacturing electrical wire harnesses, according to a Wednesday filing on Indian bourses.Shares of the aerospace and defense engineering and manufacturing company jumped over 7% in Thursday's trade.The order will be executed over eight to 12 months, the filing said.Financial details were not disclosed.

BOM:544294NSE:ROSSTECH

International55d ago

Challenger US April Layoff Intentions Rise From March, Led by Technology Sector

Outplacement firm Challenger, Gray & Christmas said Thursday that companies planned to cut 83,387 jobs in April, up from 60,620 in March but below the 105,441 level at the same time a year earlier.The largest layoff count in April was in the technology sector, which accounted for 33,361 of those intentions, with increased use of artificial intelligence with the most cited reason for layoffs."Technology companies continue to announce large-scale cuts and are leading all industries in layoff announcements," said Andrew Challenger, the company's chief revenue officer. "They are also often citing AI spend and innovation. Regardless of whether individual jobs are being replaced by AI, the money for those roles is."There were 10,049 hiring plans announced in April, down from the 32,826 hiring plans in March and from 16,191 a year ago.

International55d ago

Challenger US April Layoff Intentions 83,387 Vs. Prior 60,620; 105,441 Year-Ago

Asia55d ago

Bharat Forge's Consolidated Net Profit Declines in Fiscal Q4; Shares Up 5%

Bharat Forge's (NSE:BHARATFORG, BOM:500493) consolidated net profit declined to 2.33 billion Indian rupees in the fiscal fourth quarter ended March 31, from 2.83 billion rupees a year ago.Earnings per share contracted to 4.86 rupees from 5.92 rupees a year earlier, according to a Thursday filing to the Indian stock exchanges.Revenue from operations, however, increased to 20.3 billion rupees from 17.0 billion rupees a year ago.The company's board recommended a final dividend of 6.50 rupees per equity share of the face value of 2 rupees each for the financial year ended March 31.Bharat Forge's shares were up nearly 5% in recent trade.

BOM:500493NSE:BHARATFORG

Asia55d ago

Government's Anti-Involution Efforts to Squeeze Chinese Carmakers, S&P Says

Shorter payment periods to suppliers amid the government's anti-involution campaign will pressure Chinese automakers' working capital, S&P Global Ratings said in a recent release.The truncated payment periods will dampen the carmakers' liquidity and increase their borrowing needs, S&P said.The government also persuades car companies to pay their small and midsize suppliers within 60 days after delivery to narrow their financial burden, S&P credit analyst Stephen Chan said.Anti-involution could relax price competition, but it will also pressure carmakers' cash flow generation during the transition part, the analyst said.Constrained cash flow will potentially boost funding needs and quicken market consolidation, the rating agency said.

Shanghai Composite^SZSE

Asia55d ago

Starts Proceed Investment to Sell Tokyo Residential Asset for $8.2 Million

Starts Proceed Investment (TYO:8979) will sell the Proceed Nishikasai residential property in Tokyo for 1.18 billion yen in October as part of its asset replacement strategy, according to a Thursday filing on the Tokyo Stock Exchange.The REIT expects to record a disposal gain of about 210 million yen from the sale of the two-building rental housing asset, which is about 32 to 40 years old.The buyer was not disclosed. Starts Proceed said it decided to proceed with the sale after considering rising maintenance and repair costs over the medium to long term.The property, located near Nishikasai Station in Tokyo's Edogawa ward, had an occupancy rate of 94.2% as of Oct. 31, 2025.

TYO:8979

Asia55d ago

Kehua Director to Trim Stake

A Kehua Holdings (SHA:603161) director plans to reduce his holdings due to personal funding needs, according to a Thursday filing on the Shanghai bourse.Zhu Haidong will offload up to 101,000 shares, or 0.05% of the Chinese turbocharger component manufacturer's total shares, between May 28 and Aug. 27 through centralized bidding.Zhu currently holds 447,017 shares, or 0.23% of the company's total share capital.

SHA:603161

Equities55d ago

EU Lawmakers Say Progress Made on Legislation for EU-US Trade Deal

European Parliament negotiators made progress in talks with EU governments on legislation tied to the EU-US Turnberry trade agreement, though discussions are still ongoing, Parliament chief negotiator Bernd Lange said Thursday.Lange said negotiators advanced discussions on the safeguard mechanism and review provisions tied to the proposed legislation during a second trilogue meeting.The legislation aims to implement tariff provisions of the EU-US trade agreement reached in July 2025 in Turnberry, Scotland.The next round of negotiations is scheduled for May 19 in Strasbourg, he said.

Asia55d ago

South Korean Shares End at Fresh Highs on US-Iran Peace Hopes; SK Biopharma Rises

South Korean stocks closed at a fresh high on Thursday as investor sentiment was buoyed by optimism regarding a potential US-Iran peace agreement.The Korea Composite Stock Price Index or Kospi increased by 105.49 points, or 1.4%, to end at 7,490.05. The Kosdaq slipped 0.9% to close at 1,199.18.The key index was lifted by gains in market heavyweights Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), which rose more than 2% and 3%, respectively.In economic news, South Korea's foreign reserves grew to $427.9 billion in April from $423.7 billion as of March-end, data from the Bank of Korea showed.In corporate news, SK Biopharmaceuticals (KRX:326030) finished 1% higher after posting a first-quarter attributable income of 105.2 billion won, up 351% from 23.3 billion won a year earlier.

^KOSDAQKOSPIKRX:000660KRX:005930KRX:326030

Research55d ago

Research Alert: Shell: Q1 2026 Net Profit Meets Consensus View; Guides For Lower Gas Output

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Shell's Q1 2026 adjusted net profit of USD6.9B (+24% Y/Y) was within market expectations but above our forecast, doubling sequentially from USD3.3B in Q4 2025 due to volatile energy markets from the Middle East conflict that caused Brent crude to reach USD81/bbl (+27% from Q4). We have reservations about the sustainability of these results given the exceptional trading conditions rather than operational improvements, with broad-based earnings led by Chemicals & Products swinging to USD1.9B profit from a USD66M loss as refinery utilization surged to 99%. Q2 2026 guidance signals significant disruptions, with Integrated Gas production forecast to be down 30%-36% and LNG volumes declining 9%-14% due to conflict impacts, including on its Qatar operations. Balance sheet deteriorated materially, with net debt rising to USD52.6B and gearing to 23%, while a USD11.2B working capital outflow, including USD6.7B inventory increases, raises concerns about potential reversals if commodity prices normalize, in our view.

$SHEL

International55d ago

Singapore's Forex Reserves Climb Over SG$544 Billion in April

Singapore's foreign exchange reserves rose to SG$544.1 billion in April from SG$541.7 billion in March, according to preliminary data from the Monetary Authority of Singapore released Thursday.The city-state logged a month-on-month increase in gold and foreign exchange to about SG$534.0 billion from about SG$531.6 billion.The International Monetary Fund reserve position increased to over SG$1.86 billion during the month from SG$1.80 billion in the preceding month, the data showed. Special drawing rights, however, fell to SG$8.24 billion from about SG$8.30 billion.In US dollar terms, total foreign exchange reserves jumped to nearly $427.3 billion from $419.9 billion in March, according to the latest update.

^STI

Asia55d ago

Arclands Retail Sales Advance in April, Restaurant Unit Sales Ease

Arclands' (TYO:9842) retail business posted a 5.8% rise in April same-store sales from a year earlier, while total store sales increased 13.5%, according to a Thursday filing on the Tokyo Stock Exchange.The company corrected March same-store figures, revising sales growth to 5.0% from 4.5% previously. Customer traffic rose 0.8% and average spending per customer increased 4.2%.At subsidiary Arcland Service Holdings, operator of the Katsuya restaurant chain, April same-store sales fell 3.8% as customer traffic declined 5.6%, partly offset by a 1.9% rise in average spending per customer.Total sales across all directly operated restaurant stores in Japan rose 0.1% in April, while the number of domestic stores stood at 719 at the end of the month.

TYO:9842

Asia55d ago

Jiahe Foods to Build Milk Factory for 650 Million Yuan

Chinese plant-based product producer Jiahe Foods Industry (SHA:605300) plans to construct a milk manufacturing factory for 650 million yuan, according to a Shanghai bourse disclosure on Thursday.The super smart plant will produce 460,000 tons of plant protein beverages and dairy beverages every year.The construction will run for 36 months, starting in July.

SHA:605300

Asia55d ago

Xishan Science & Technology Sets Up Motor Manufacturing Subsidiary

Chongqing Xishan Science & Technology (SHA:688576) completed the establishment of a new unit, Chongqing Xinghui Electric Machinery, according to a Shanghai bourse filing on Thursday.Xinghui Electric Machinery obtained its business license and finished its industrial and commercial registration.The new unit has a registered capital of 20 million yuan and manufactures motors and mechanical parts.The Chinese surgical power device manufacturer's shares jumped 3% at the close.

SHA:688576

International55d ago

Eurozone Monthly Retail Sales Down 0.1% in March

The euro area's retail sales fell 0.1% month over month in March, following a revised 0.3% decline in February, according to Eurostat data published Thursday.Analysts expected a 0.3% dip for the month.On a yearly basis, the eurozone's retail sales increased by 1.2%, against the revised 1.3% growth earlier and the expected 1% decrease.

^SXXP

Equities55d ago

Update: Tenaris Q1 Earnings, Revenue Rise; Flags Q2 Sales Hit; Shares Down Pre-Bell

(Updates with the stock move in the headline and the last paragraph.)Tenaris (TS) reported Q1 earnings late Wednesday of $1.07 per American depository share, up from $0.94 a year earlier.Analysts polled by FactSet expected $0.89.Net sales for the quarter ended March 31 rose to $3.10 billion from $2.92 billion a year earlier.Analysts surveyed by FactSet expected $2.99 billion.For Q2, the company said it expects sales will be affected by lower shipments in the Middle East.Tenaris shares were down 6.1% in premarket activity Thursday.

$TS

Asia55d ago

Kehua Bio-Engineering Obtains Shanxi Regulator's Approval for Chemiluminescence Analyzer

Shanghai Kehua Bio-Engineering (SHE:002022) unit Kehua Xi'an Bio-engineering obtained medical device registration from the Shaanxi regulator for its fully automated chemiluminescence immunoassay analyzer.The device is used in detecting hormones and autoantibodies in human serum and plasma, according to a Thursday filing with the Shenzhen bourse.The certificate is valid until April 29, 2031.

SHE:002022

Commodities55d ago

EMEA Natural Gas Update: Futures Slip in Early Trade as Market Watches for Iran Response to Reported Peace Proposals

European natural gas futures fell slightly in early trade on Thursday after Wednesday's initial 9% plunge following a news report suggesting the US and Iran might be nearing agreement on on a path to end more than two months of conflict.Dutch TTF futures slipped 0.1% to 43.90 euros ($51.67), while UK NBP contracts fell 0.04% to 107.53 British pence ($1.46).While Wednesday's plunge took place in the absence of any acknowledgement of such a framework by Iran, the country said later on Wednesday that it was reviewing a US proposal aimed at ending the conflict that has starved energy markets of about 20% of the world's total oil and gas supplies.ANZ Senior Commodities analyst Daniel Hynes noted that some European traders continue to hedge against a spike in prices next winter, with the task of refilling storage reserves having barely begun and looking a daunting task with Asian importers already struggling to import enough to meet immediate needs.While the Axios report on Wednesday mentioned some White House optimism over prospects for agreement on lasting peace, US President Donald Trump's social media post warning of strikes in the absence of agreement cast at least some doubt over how much common ground there is between the sides.EU gas storage levels stood at 34.07% of capacity on Wednesday, according to Gas Infrastructure Europe, well below 41.4% a year earlier.

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