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Shanghai Huafon Aluminium Directors Approve 3-Billion-Yuan Aluminum Project

Shanghai Huafon Aluminium (SHA:601702) directors approved the construction of a 550,000-ton-per-year high-end aluminum sheet, strip, and foil project, according to a Saturday filing with the Shanghai bourse.The company will invest up to 3 billion yuan for the project.

SHA:601702

Mining & Metals65d ago

Ballard Power Systems Names Ralph Robinett as Chief Operating Officer

$BLDP.TO

Mining & Metals65d ago

Kolibri Global Energy Accelerates Drill Campaign Amid Oil Price Spike

Kolibri Global Energy (KEI.TO) said Monday that it will accelerate its plan to drill three 1.5-mile lateral wells in the Tishomingo field in Oklahoma amid the recent spike in oil prices.The company said it expects to begin drilling the Clifton Mac 11-14-1H, Clifton Mac 11-14-2H, and Clifton Mac 11-14-3H wells next week.As a result, Kolibri expects its 2026 average production to rise 10%-20% year over year to a range of 4,400-4,800 barrels of oil equivalent per day. Revenue is projected to climb 30%-39% to a range of US$74 million-US$79 million.The company also forecast a 31%-43% increase in adjusted EBITDA to a range of $55 million-$60 million. All estimates are based on an oil price of $74 per barrel."The cash flow generated will be used to pay down debt, return capital to shareholders, and also provides us with the ability to drill more wells this year," chief executive Wolf Regener said. "If oil prices remain elevated above our base forecast case, this would result in even greater free cash flow and provide us with more options."

$KEI.TO

Asia65d ago

Hong Kong Adopts Conservative Approach in Stablecoin Push, S&P Says

The granting of licenses to two stablecoin issuers in Hong Kong points to a conservative approach for regulators, S&P Global Ratings said in a recent release.Regulators have chosen banks, rather than less-regulated players, to be the face of the development of stablecoins in Hong Kong, with the first licenses granted to Hong Kong and Shanghai Banking and Anchorpoint Financial, a joint venture led by Standard Chartered Bank, S&P said.These banks will be able to offer issuance, trading, lending, investment, and payments on a single platform, gaining strong network effects and creating user stickiness, according to credit analyst Will Hay.Stablecoins could anchor the creation of a broader digital asset market in the city given its mutual connection with tokenization, S&P said.Wealth management could offer opportunities, with stable coin-linked products or digital assets expanding banks' product offerings and fee pools and mainland Chinese clients exploring crypto products, the rating agency said.On the other hand, cheaper cross-border settlement options using stablecoins could be disruptive for banks, according to S&P.

Hang Seng

Asia65d ago

SDIC Signs Three-Year Financial Services Agreement

SDIC Power Holdings (SHA:600886) signed a three-year financial services agreement with Rongshi International Treasury Management, according to a Saturday filing with the Shanghai bourse.Under the agreement, SDIC's maximum daily deposit balance with Rongshi should not exceed 15 billion yuan, while the maximum daily loan amount should not exceed 20 billion yuan, the filing said.

SHA:600886

Asia65d ago

Japan Approves Additional Funding for Chipmaker Rapidus

Rapidus has secured additional funding from Japan's New Energy and Industrial Technology Development Organization (NEDO) for its fiscal year 2026 plans to accelerate next-generation 2nm logic semiconductor development.The approval covers two projects: front-end process R&D for 2nm integration and short-TAT manufacturing, and back-end development for chiplet, package design, and manufacturing tech, according to a statement on Sunday.The approved funding totalled 631.5 billion yen, according to a Reuters News report, citing Japan's industry ministry.In fiscal year 2025, Rapidus verified Japan's first 2nm GAA transistor on 300mm wafers and prototyped the industry's first organic RDL interposer using a 600mm square panel.With the new budget, Rapidus will now progress toward its target of starting mass production in 2027.Rapidus was established in August 2022 with the support of eight major Japanese companies: Denso(TYO:6902), Kioxia(TYO:285A), MUFG Bank (TYO:8306), NEC(TYO:6701), NTT (TYO:9432), SoftBank(TYO:9984), Sony (TYO:6758), and Toyota (TYO:7203)

TYO:285ATYO:6701TYO:6758TYO:6902TYO:7203TYO:8306TYO:9432TYO:9984

Research65d ago

Goldman Sachs Downgrades Petco Health & Wellness to Neutral From Buy, $3.83 Price Target

Petco Health & Wellness Company (WOOF) has an average rating of Hold and mean price target of $3.52, 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)

$WOOF

Research65d ago

HC Wainwright Initiates Generate Biomedicines at Buy With $16 Price Target

Generate Biomedicines (GENB) has an average rating of buy and mean price target of $25, 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)

$GENB

Research65d ago

Leerink Partners Downgrades Replimune Group to Market Perform From Outperform, Adjusts Price Target

Replimune Group (REPL) has an average rating of Hold and mean price target of $4, 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)

$REPL

Research65d ago

Jefferies Initiates Veracyte at Buy With $45 Price Target

Veracyte (VCYT) has an average rating of overweight and mean price target of $47.83, 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://www..com/contact-us)

$VCYT

Research65d ago

Cogeco And Cogeco Communications Upgraded To Buy At TD

Cogeco Communications Inc. (CCA.TO) and Cogeco Inc. (CGO.TO) were upgraded to Buy from Hold at TD Securities, Monday.Analyst Vince Valentini lowered his price target on shares of the Canadian telecom and media company to $83 from $85, and shares of its parent company to $81 from $85."CGO's valuation remains overwhelmingly driven by its equity stake in CCA, and therefore our change in view reflects the same core conclusion: CCA is pricing in far too much bad news relative to its free cash flow durability, balance sheet flexibility, and spectrum optionality," Valentini said in a note to clients."At the current CGO share price, investors are effectively gaining exposure to CCA at a double-digit discount to NAV, with limited downside protection from dividends," the analyst said."While broadband trends in the US and uncertainty around a potential multi-year wireless build in Canada continue to weigh on sentiment, we believe CGO shares already discount these risks."(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)

$CCA.TO$CGO.TO

Research65d ago

HC Wainwright Initiates SINTX Technologies at Buy With $10 Price Target

$SINT

Research65d ago

HC Wainwright Downgrades Replimune to Sell From Buy

$REPL

Mining & Metals65d ago

MDA Space Unveils Space Control Platform MDA MIDNIGHT

MDA Space (MDA.TO) overnight Sunday announced MDA MIDNIGHT, a space control platform for defence organizations to defend and protect the space domain.In a statement the company noted that, MDA MIDNIGHT is a maneuverable spacecraft that employs "high-reliability rendezvous and proximity operations (RPO)" to detect, identify, counter and deter threats to critical space assets and orbits.The company further said that the spacecraft can also be used to augment existing military missions through on-orbit surveillance, asset relocation and satellite refueling.The company added that MDA MIDNIGHT also leverages recent advancements and investments in the company's "diverse product suite," including MDA SKYMAKER commercial robotics and MDA AURORA satellite bus platform."With new and emerging threats from adversaries, the critical space infrastructure that we all depend on requires greater protection," said Mike Greenley, chief executive of MDA Space."Backed by 40 years of on-orbit robotics operations, decades of mission planning and satellite operations, advanced digital technologies and our high-volume commercial production capacity, MDA MIDNIGHT brings together the elements required for this critical mission, helping national and international defence organizations safeguard the space domain on which billions rely."

$MDA.TO

Equities65d ago

JPMorgan Adjusts Price Target on Occidental Petroleum to $64 From $63, Maintains Neutral Rating

Occidental Petroleum (OXY) has an average rating of hold and mean price target of $63, 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)

$OXY

Equities65d ago

Jefferies Adjusts Price Target on Occidental Petroleum to $58 From $47, Maintains Hold Rating

$OXY

Research65d ago

Baird Downgrades Parsons to Neutral From Outperform, $60 Price Target

Parsons (PSN) has an average rating of overweight and mean price target of $75.73, 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)

$PSN

Mining & Metals65d ago

Open Text Announces European Cloud Solutions Partnerships

Open Text (OTEX.TO) said Monday, it will offer some of its enterprise data and AI solutions on the AWS European Sovereign Cloud, a new independent cloud-based infrastructure for Europe.The AWS European Sovereign Cloud is separate from current AWS global regions and is backed by "strong technical controls, sovereign assurances, and legal protections" to meet the needs of European governments and enterprises, company said in a statement said.OpenText separately announced a strategic partnership with S3NS, which is an alliance between Thales, a French cybersecurity company, and Google Cloud, to offer to European organizations a cloud platform that meets strict French security and compliance criteria.The partnership delivers a hybrid cloud architecture for Europe out of France, helping organizations to keep their most sensitive data workloads within a locally governed environment, while leveraging hyperscaler cloud services for non-sensitive workloads, innovation, and scale, a statement said."Across Europe, organizations are seeking innovation that preserves sovereignty and control. OpenText is delivering on that need by pairing hyperscaler innovation with an independently governed operating model, giving customers the confidence to modernize while keeping their data, access, and operations securely under regional control," said chief information officer Shannon Bell.OpenText shares closed up $0.43, to $28.83, on Friday on the Toronto Stock Exchange.

$OTEX.TO

Research65d ago

Jefferies Initiates Credo Technology Group at Buy With $175 Price Target

Credo Technology Group (CRDO) has an average rating of buy and mean price target of $197.93, 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)

$CRDO

Research65d ago

Jefferies Initiates Tempus AI at Underperform With $35 Price Target

Tempus AI (TEM) has an average rating of overweight and mean price target of $72.40, 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)

$TEM

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