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Sandfire Resources Needs Stronger Q4 to Meet FY Guidance, Final Dividend Likely, Says Jefferies

Sandfire Resources (ASX:SFR) will need a strong fourth quarter to meet its full-year production guidance range, although it is expected to be achievable, said Jefferies in a Thursday note.The company on Thursday reported fiscal third-quarter copper-equivalent production of 34,500 tonnes, down from 36,100 tonnes a year earlier.Jefferies expects that increasing commitments to the Kalkaroo project are within the company's capital management framework.Dividend payments are becoming "increasingly likely" at fiscal year 2026 results, the note added.Jefferies kept a buy rating on Sandfire Resources with a price target of AU$20.

$ASX:SFR

Asia6d ago

Atul Auto Signs MoU Worth INR4.91 Billion for Electric Three-Wheelers; Shares Jump 7%

Three-wheeler manufacturer Atul Auto (NSE:ATULAUTO, BOM:531795) has signed a memorandum of understanding worth 4.91 billion Indian rupees with electric battery manufacturer Exponent Energy, according to a Friday filing to the Indian stock exchanges.The agreement entails the manufacturing and supply of 15,000 electric three-wheelers integrated with Exponent's fast-charging battery system and powertrain over three years, extendable by an additional six months.Each of these three-wheelers will be priced at around 327,000 rupees.The company's shares surged over 7% in recent trade.

$BOM:531795$NSE:ATULAUTO

Research6d ago

Research Alert: CFRA Raises Recommendation On Adss Of Stmicroelectronics 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 rating to Buy from Hold with a higher target price of USD60 (from USD30), implying a 2026 P/E of 45x and a 2027 P/E of 28x, as we believe STM is well positioned as a diversified analog and mixed-signal semiconductor leader with strategic exposure to electrification, energy efficiency, and digitalization across automotive, industrial, and IoT end markets, particularly through its leadership in silicon carbide power devices, automotive MCUs, and MEMS sensors. For Q2 2026, management guided net revenues to ~USD3.45B (well ahead of consensus of USD3.19B) and gross margin of around 34.8%. While our long-term view remains constructive given STM's early vertical integration in SiC and design wins with key OEMs, we remain cautious in the near term due to ongoing automotive and industrial semiconductor cycle weakness, slower-than-expected OEM inventory digestion, and suboptimal fab utilization weighing on margins. We raised our 2026 EPS estimate to USD1.30 from USD1.10 and 2027's to USD2.10 from USD1.90.

$STM

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Financial News · Live Terminal

Sandfire Resources Needs Stronger Q4 to Meet FY Guidance, Final Dividend Likely, Says Jefferies

Atul Auto Signs MoU Worth INR4.91 Billion for Electric Three-Wheelers; Shares Jump 7%

Research Alert: CFRA Raises Recommendation On Adss Of Stmicroelectronics To Buy From Hold

Sandfire Resources Needs Stronger Q4 to Meet FY Guidance, Final Dividend Likely, Says Jefferies

Atul Auto Signs MoU Worth INR4.91 Billion for Electric Three-Wheelers; Shares Jump 7%

Research Alert: CFRA Raises Recommendation On Adss Of Stmicroelectronics To Buy From Hold

CSC Financial's Unit Issues 2 Billion Yuan Bonds Due 2029

Correction: Rox Resources Identifies High-Grade Gold Mineralization at Western Australia Project

Zero2IPO Invests 5 Million Yuan in Wealth Management Product

Hindustan Construction Company JV Bags New Order Worth INR29.2 Billion

Investigator Silver Focused On Progressing South Australia Silver Project Toward Development Decision, Shares Fall 4%

Birla Corrects Coal Mine Data; Says 9.44 MT Represents Reserves, Not Capacity

Ever Grand Financial in Talks to Acquire Business in China

Miniso Controlling Shareholder to Increase Holdings

MGX Resources Reports Lower March Quarter Iron Ore Sales; Shares Rise 3%

GfK: UK Consumer Confidence Worsens in April Amid Iran War-driven Price Hikes

Cuscal to Complete Paymark Acquisition in May

Shanghai MicroPort Completes Stock Conversion

Jiangsu Financial Leasing Q1 Profit up 6.5%; Shares Fall 5%

Weimob Cancels Issue of 172.1 Million Shares

Adani Energy Solutions' Consolidated Profit Grows in Fiscal Q4

Haohua Chemical Science & Technology Expects Up to 73% Rise in Q1 Profit

CSBC Corp Taiwan to Partially Halt Work Following Fatal Accident