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Morgan Stanley Downgrades China State Construction Engineering to Underweight from Overweight; Price Target is 4.70 Yuan

Zhejiang Zheneng Electric Power's Attributable Profit Slides 11% in 2025

Zhejiang Zheneng Electric Power's (SHA:600023) attributable profit fell 11% to 505.9 million yuan in 2025 from 566.5 million yuan in 2024, according to a Tuesday filing with the Shanghai bourse.Earnings per share at the thermal power generation company decreased 11% to 0.2104 yuan from 0.2356 yuan in the previous year.Operating revenue declined 1.7% year over year to 4.88 billion yuan from 4.96 billion yuan.

SHA:600023

Research55d ago

Morgan Stanley Downgrades Anhui Conch Cement Company to Equalweight from Overweight; Price Target is HK$21.70

HKG:0914SHA:600585

Research55d ago

Capital Securities Upgrades Winbond Electronics to Buy from Neutral; Price Target is NT$116

TPE:2344

Research55d ago

Capital Securities Downgrades Yang Ming Marine Transport to Neutral from Buy; Price Target is NT$52

TPE:2609

Research55d ago

Compass Point Initiates Invitation Homes at Neutral With $30 Price Target

Invitation Homes (INVH) has an average rating of overweight and mean price target of $30.52, 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)

$INVH

Asia55d ago

Aztech Global's Net Profit Surges 167% in Q1

Aztech Global's (SGX:8AZ) net profit zoomed 167% during the first quarter of the year to SG$4 million from SG$1.5 million a year earlier, according to a Tuesday filing with the Singapore Exchange.Earnings per share stood at SG$0.0051 compared with SG$0.002 in the year-ago period.Revenue climbed 54% year over year to SG$64.7 million from SG$42 million, backed by strong demand for IoT services.

SGX:8AZ

Asia55d ago

NEC's Profit Surges 54% in Fiscal Year Ended March

NEC's (TYO:6701) net profit attributable to owners of the parent jumped 54% to 270.2 billion yen for the fiscal year ended March 31 from 175.2 billion yen a year earlier.The information technology company's earnings per share increased to 202.95 yen from 131.49 yen a year ago, according to a Tokyo bourse filing on Tuesday.Revenue rose 4.7% to 3.583 trillion yen from 3.423 trillion yen in the prior year.In a separate disclosure, NEC raised its final dividend payout to 22 yen per share from 16 yen initially planned, and it is payable from June 1.For the fiscal year ending March 31, 2027, the company expects Non-GAAP net profit attributable to owners of the parent of 285 billion yen, Non-GAAP EPS of 214.88 yen, and revenue of 3.5 trillion yen.NEC plans to pay interim and year-end dividends of 20 yen per share, each, for the year, which is higher than the amount paid in the year-ago period.

TYO:6701

Asia55d ago

Shenzhen Capchem Technology's Attributable Profit Surges 109% in Q1

Shenzhen Capchem Technology's (SHE:300037) attributable profit rose 109% to 480.5 million yuan in the first quarter from 229.9 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.Earnings per share at the electronic chemicals manufacturer increased 107% to 0.62 yuan from 0.30 yuan in the prior-year period.Operating revenue grew 68% year over year to 3.36 billion yuan from 2 billion yuan.

SHE:300037

Asia55d ago

Zhejiang Jingsheng Mechanical & Electrical's Attributable Profit Slides 82% in Q1

Zhejiang Jingsheng Mechanical & Electrical's (SHE:300316) attributable profit fell 82% to 102.5 million yuan in the first quarter from 573 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.Earnings per share at the semiconductor supplies company decreased 82% to 0.08 yuan from 0.44 yuan in the prior-year period.Operating revenue declined 45% year over year to 1.73 billion yuan from 3.14 billion yuan.

SHE:300316

Asia55d ago

Market Chatter: Chevron Looking to Conclude Stake in Singapore Refining Assets in May

Chevron is targeting to conclude the 50% sale of its stake in Singapore Refining and other regional assets to Eneos in May, according to a report by Reuters on Tuesday.Speaking with two sources familiar with the matter, the report added that the deal, valued at more than $1 billion, was delayed due to the impact of the US-Iran war.Both parties are now looking at certain terms in the deal, which include offtake agreements, the report added.(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.)

^STI

Sectors55d ago

Crude Oil Prices Jump Amid Stalled Talks Between U.S., Iran

Crude oil prices surged on Tuesday as stalled peace talks between the U.S. and Iran fueled market concerns about prolonged disruptions in supply flows through the Strait of Hormuz.Brent crude at last look rose 2.8% to US$111.23/barrel and West Texas Intermediate crude climbed 3.1% to $99.31/barrel. U.S. President Donald Trump is not satisfied with Iran's latest proposal to end the war, leaving the conflict deadlocked, Reuters said in a Tuesday report, citing an unnamed U.S. official.Iranian sources reported that it avoided addressing the nuclear program until hostilities cease and Gulf shipping disputes are resolved, the report said."With peace talks stalled and no clear path to reopening the Strait of Hormuz, traders are factoring in a prolonged disruption to a critical artery of global supply," Reuters quoted Rystad Energy analyst Jorge Leon as saying."Even in a best-case scenario, any US-Iran agreement is likely to be narrow and partial, leaving the Strait issue unresolved, which means the upside risks to prices remain," Leon added.

$CLX1$LCOX1$USO

Asia55d ago

Hubei Dinglong's Attributable Profit Rises 78% in Q1

Hubei Dinglong's (SHE:300054) attributable profit rose 78% to 251 million yuan in the first quarter from 141 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.Earnings per share at the Chinese advanced materials and printer supplier increased 73% to 0.26 yuan from 0.15 yuan in the prior-year period.Operating revenue grew 24% year over year to 1.02 billion yuan from 823.9 million yuan.

SHE:300054

Equities55d ago

Market Chatter: Chevron in Final Talks to Sell Asian Assets to Eneos

Chevron (CVX) is in advanced talks to sell a portfolio of Asian assets to Eneos in a deal that could be valued at more than $2 billion, Bloomberg News reported Tuesday, citing sources familiar with the matter.The assets include refineries and fuel retail networks across Singapore, Malaysia, the Philippines and Australia, the unnamed sources told the news outlet.The companies are aiming to reach an agreement as early as the ongoing quarter, according to the report.Eneos has emerged as the last remaining bidder, ahead of rivals such as Glencore and Vitol, Bloomberg reported.Chevron and Eneos didn't immediately respond to' requests 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.)

$CVX

Asia55d ago

Qinhuangdao Port's Q1 Profit Climbs 1.7%

Qinhuangdao Port (HKG:3369, SHA:601326) recorded a 1.7% rise in attributable profit in the first quarter of 2026 to 427.7 million yuan from 420.6 million yuan a year prior, according to a Tuesday Hong Kong bourse filing.The port operator's earnings per share stayed unchanged year over year at 0.08 yuan.Operating revenue jumped 3.9% to 1.67 billion yuan from 1.61 billion yuan in the year-ago period.

HKG:3369SHA:601326

Asia55d ago

Singapore Shares Incur Further Losses as US-Iran Conflict Subdues Regional Markets

Singapore shares remained in the red zone on Tuesday, tracking regional losses as investors continued their apprehensive response towards the stalling peace talks between the US and Iran.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,882.01 and 4,930.02 throughout the day. It ended the session at 4,887.69, down 5.04 points or 0.1% compared to Monday's close.On the corporate front, shares of H2G Green (SGX:5AI) surged nearly 17% at the close as its subsidiary, GasHubUnited Utility, commissioned a major liquefied natural gas facility in Singapore.Mooreast (SGX:1V3) zoomed over 12% as its unit, Mooreast Asia, plans to divest a leasehold property in Singapore.Meanwhile, shares of Addvalue Technologies (SGX:A31) closed over 9% lower even though it received new orders worth around $2.9 million for its space connectivity business.

^STISGX:1V3SGX:5AISGX:A31

Asia55d ago

Huizhou Desay SV Automotive's Attributable Profit Slides 21% in Q1

Huizhou Desay SV Automotive's (SHE:002920) attributable profit fell 21% to 461.5 million yuan in the first quarter from 582.2 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.Earnings per share at the automotive electronic products manufacturer decreased 26% to 0.78 yuan from 1.05 yuan in the prior-year period.Operating revenue declined 4.4% year over year to 6.50 billion yuan from 6.79 billion yuan.

SHE:002920

Research55d ago

Morgan Stanley Upgrades Garmin to Equalweight From Underweight, Adjusts PT to $252 From $195

Garmin (GRMN) has an average rating of hold and mean price target of $261.17, 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)

$GRMN

Research55d ago

Morgan Stanley Upgrades Phillips 66 to Overweight From Equalweight, Adjusts PT to $174 From $147

Phillips 66 (PSX) has an average rating of overweight and mean price target of $182.72, 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)

$PSX

Research55d ago

Morgan Stanley Downgrades CSX to Underweight From Equalweight, Price Target is $30

CSX (CSX) has an average rating of overweight and mean price target of $45.84, 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)

$CSX

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