Financial News · Live Terminal

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Asia55d ago

Jefferies Adjusts BYD Electronic (International)'s Price Target to HK$29 from HK$35, Keeps at Hold

HKG:0285

Asia55d ago

Jefferies Adjusts Bandhan Bank's Price Target to INR215 from INR175, Keeps at Buy

BOM:541153NSE:BANDHANBNK

Asia55d ago

Jefferies Adjusts Shengyi Technology's Price Target to 100 Yuan from 95 Yuan, Keeps at Buy

SHA:600183

Asia55d ago

Enviro Infra Engineers' Arm to Acquire 100% of Indian Wind Energy Firm

Wastewater treatment company Enviro Infra Engineers (NSE:EIEL, BOM:544290), through its wholly-owned subsidiary, EIE Renewables, agreed to acquire a controlling stake in wind energy company Suyog Urja, according to a Wednesday filing to the Indian stock exchanges.The deal is valued at 3.11 billion Indian rupees, payable in three tranches, with the first tranche of 1.11 billion rupees for 51% equity.This will be followed by 24% for 1.09 billion Indian rupees in 2027, and the remaining 25% for 911.5 million rupees in 2028, taking total ownership to 100%. The transaction will be funded through a 50:50 mix of equity and debt.On completion of the transaction, the consolidated order book of the ENVIRO group stands at around 56 billion rupees.The company's shares were up over 1% in recent trade.

BOM:544290NSE:EIEL

Asia55d ago

Jefferies Adjusts Maruti Suzuki India's Price Target to INR13,800 from INR16,000, Keeps at Hold

BOM:532500NSE:MARUTI

Asia55d ago

Jefferies Adjusts Eternal's Price Target to INR400 from INR480, Keeps at Buy

BOM:543320NSE:ETERNAL

US Markets55d ago

AVIC Shenyang Aircraft's Q1 Profit Drops 62% On Weak Revenue

AVIC Shenyang Aircraft's (SHA:600760) profit fell in the first quarter as revenue slowed down due to some project delays.The company's net profit attributable to shareholders in the first quarter dropped 62% to almost 165 million yuan from 430.6 million yuan a year earlier, according to a Shanghai bourse filing on Wednesday.Earnings per share fell 63% year on year to 0.06 yuan from 0.16 yuan.Profit declined due to the operating revenue dipping 55% to 2.61 billion yuan from almost 5.83 billion yuan in the previous year. The drop was attributed to adjustments in product mixes and delivery schedule impacts.In November 2025, AVIC Shenyang announced in a Shanghai Stock Exchange filing that the dates of certain projects were moved due to technical delays.The projects are a titanium alloy production line, which was moved to December instead of January this year, and the usable date of the aircraft maintenance service enhancement project, which was moved to December 2027 from November this year. The first project's rescheduling was caused by delivery delays, while the second one lagged due to the need to upgrade core equipment.The Chinese aircraft manufacturer, which is under state-owned AVIC, continues to produce fighter jets earlier this year. AVIC announced in Weibo that it hosted the maiden flights of its J-35 carrier-based stealth fighter jet for the year, along with other types of aircraft, according to a Jan. 7 report from the Global Times. The J-35, which was developed to be used for aircraft carrier operations, is the naval variant of the Air Force's J-35A.Chinese aircraft companies are expected to benefit from the Chinese military's plan to boost its fleet. Recently, the Chinese People's Liberation Army Navy made a teaser, hinting the release of a nuclear-powered aircraft carrier that could help boost its territorial claims amid maritime disputes, according to an April 23 report from Reuters.The company's shares fell less than 2% during the afternoon trade.

SHA:600760

Asia55d ago

Jefferies Adjusts WH Group's Price Target to HK$12.40 from HK$10.30, Keeps at Buy

HKG:0288

Asia55d ago

MOG Digitech Chairman Resigns; Co-CEO Assumes CEO Role

MOG Digitech (HKG:1942) announces Deng Zhihua's resignation as its chairman and co-CEO effective Tuesday.The move allows Mr. Deng to dedicate more time to his other commitments, according to a Tuesday Hong Kong bourse filing.Shares of the fintech company were up 1% in Wednesday afternoon trading.Co-CEO Chen Yongzhong was also appointed as the company's CEO, starting on the same day.The firm is currently in the process of identifying a suitable candidate for the chair position.

HKG:1942

Asia55d ago

Genertec Universal Medical's Profit Rises 5% in Q1

Genertec Universal Medical (HKG:2666) said profit attributable to ordinary shareholders rose about 4.8% year over year in the first quarter, according to a Hong Kong bourse filing.Revenue fell about 4.5% from a year earlier.The group said its integrated healthcare business saw outpatient and emergency visits rise about 4.5% year over year, while health check-up revenue increased about 13.3%.

HKG:2666

Asia55d ago

Jefferies Adjusts The Phoenix Mills' Price Target to INR2,085 from INR2,000, Keeps at Buy

BOM:503100NSE:PHOENIXLTD

Asia55d ago

Jefferies Adjusts Reliance Industries' Price Target to INR1,695 from INR1,755, Keeps at Buy

BOM:500325NSE:RELIANCE

Equities55d ago

RBC Trims Earnings Estimates for BP After Q1 Earnings; Sector Perform Rating Kept

RBC Capital Markets made "small changes" to its financial forecasts for BP (BP.L) after its first-quarter earnings, while maintaining its sector perform rating and price target of 7 pounds sterling."New CEO Meg O'Neill kicked off her tenure with a strong set of results, helped in large part by the current price environment," analysts said Tuesday. "In this respect, BP's Oil trading business was the standout in the quarter (as expected, but a bit more than expected) and actually made up for upstream results that were weaker than consensus expectations ([oil production and operations] 6% miss, [gas and low carbon] 10% miss)."As such, the research firm lowered its OPO and GLC earnings assumptions for 2026, while raising its estimate for downstream earnings. EPS projections were cut by 2.6% for 2026, 2.4% for 2027, and 2.5% for 2028.Meanwhile, analysts said the oil and gas company's plan to reduce its hybrid stack is a "positive step forward" in de-leveraging the business, as they expect BP to exceed its "conservative" net debt target by 2026-end.

$BP.L

Asia55d ago

Jefferies Adjusts STO Express' Price Target to 22.60 Yuan from 21.50 Yuan, Keeps at Buy

SHE:002468

International55d ago

Singapore's FDI Inflows Reach SG$197 Billion in 2025

Foreign direct investment or FDI inflows in Singapore reached SG$197 billion in 2025, up 8.4% year over year, according to data released by the Singapore Department of Statistics on Tuesday.FDI inflows were driven by the increase in equity capital, which constituted the bulk of total FDIinflows in 2025.The U.S., the Netherlands, Ireland, China and the U.K., were the source economies for Singapore's FDI inflows, accounting for 46.8% of the total inflows in 2025.Sectorwise, the finance and insurance sector accounted for the largest shares, booking 63.9% of the city-state's inflows, the data showed.

^STI

Asia55d ago

Chihong Zinc & Germanium Q1 Profit Up 29%; Shares Rise 4%

Yunnan Chihong Zinc & Germanium (SHA:600497) posted first-quarter attributable net profit of 756.5 million yuan, up 29% from 585.0 million yuan the previous year.Earnings per share rose to 0.1313 yuan from 0.0971 yuan, according to a Wednesday filing with the Shanghai bourse.Operating revenue rose 24% year over year to 6.36 billion yuan from 5.14 billion yuan.Shares of the non-ferrous metal miner were up 4% in recent trade.

SHA:600497

Asia55d ago

Lincotrade & Associates Unit to Acquire Opto-Pharm in SG$17 Million Deal; Shares Down 3%

Lincotrade & Associates (SGX:BFT) 50% owned subsidiary, Linc-A, signed a non-binding term sheet to acquire 100% of Opto-Pharm for SG$17 million, according to a Tuesday filing with the Singapore Exchange.Shares of the industrial fitting-out services provider were down over 3% in Wednesday trading.Opto-Pharm is involved in the manufacturing and distribution of pharmaceutical ophthalmic and other solutions and owns properties in Tuas Avenue.The move is part of the company's strategy to expand its operations and support services.

SGX:BFT

Asia55d ago

Market Chatter: Malaysia Seeing Food Supply Chain Pressures Amid High Oil Prices

Malaysia is seeing early signs of cost pressures in its domestic food supply chain, although price movements for selected food items remain within a controlled range, The Star reported Tuesday, citing Economy Minister Akmal Nasrullah Mohd Nasir.He noted that between April 20 and April 22, price changes for key food items stayed below 10%, with standard chicken rising 3.3% to 9.70 ringgit per kg and Grade C eggs up 7.3% to 3.93 ringgit per 10 eggs, while beef prices fell 3.8%. Seafood prices were mixed, reportedly.Akmal Nasrullah said the trends signal emerging input and logistics cost pressures, prompting the government to step up monitoring across the supply chain, including fertilizer, fuel, transport and production costs.Separately, the minister said electricity supply remains stable despite rising demand and higher fuel costs, with coal and gas prices posing key risks to generation costs. The government aims to cushion the impact on consumers, with about 85% of households remaining exempt from fuel cost adjustments, the report said.(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.)

FTSE Bursa Malaysia KLCI

Research55d ago

Research Alert: Deutsche Bank Posts Q1 Beat; Geopolitical Risks Cloud Outlook

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Deutsche Bank delivered a record Q1 2026 post-tax profit of EUR2.2B (8% Y/Y growth) and EPS of EUR1.06, both exceeding consensus estimates of EUR1.78B and EUR0.92, respectively. Net revenues of EUR8.7B grew 2% and beat the consensus estimate of EUR8.5B, with strong performance across all segments achieving post-tax RoTE at near or above 13%. The results demonstrate impressive operational momentum with efficiency gains (cost/income ratio improved to 58.9% from 61.2%) and clear progress toward 2028 strategic targets. Management provided full-year 2026 guidance including net revenues of ~EUR33B, signaling confidence in execution. However, we remain cautious about sustainability given mounting macro headwinds. The EUR519M provision for credit losses, including overlays for geopolitical and CRE risks, underscores management's concerns about deteriorating conditions. We believe Germany's exposure to the Middle East conflict and energy cost inflation warrants a measured outlook despite the strong quarter.

$DB

Asia55d ago

West Wits Mining to Divest Western Australia Project to Aventine Resources

West Wits Mining (ASX:WWI) is set to divest the Mt. Cecelia project in Western Australia to Aventine Resources via the sale of 100% of the issued capital of its unit, Northern Reserves, according to a Wednesday Australian bourse filing.The consideration consists of an equity portion of AU$2 million shares in Aventine, calculated at the public offering price under Aventine's proposed initial public offering, which is currently equal to 10 million Aventine shares, as well as a 1% net smelter returns royalty on all products extracted from the project.It also includes deferred portion, upon the disclosure to ASX of a mineral resource estimate of inferred category or greater of at least 500,000 ounces of gold, at a minimum cut-off grade of 0.5 grams per tonne, of either AU$1 million in cash or 5 million Aventine shares, at Aventine's election.The deal is subject to customary conditions, including due diligence, execution of definitive agreements, Aventine's proposed ASX listing and capital raising, and receipt of all necessary regulatory approvals.

ASX:WWI

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US Markets55d ago

AVIC Shenyang Aircraft's Q1 Profit Drops 62% On Weak Revenue

SHA:600760