Financial News · Live Terminal

Hybe's Q2 Attributable Net Income Soars; Sales Jump

Hybe (KRX:352820) posted a 468% year-over-year surge in attributable net income for the second quarter to 102.3 billion won from 18 billion won.The entertainment company's sales surged 105% to 1.45 trillion won for the three months ended June 30 from 705.7 billion won a year earlier, according to a bourse filing on Tuesday.

KRX:352820

Wistron's Malaysian Arm Signs Construction and Electromechanical Contract

Wistron's (TPE:3231) Wistron Investment (Malaysia) agreed to a construction and electromechanical contract with China State Construction Engineering (M).The contract is for the construction of a building on rented land, the electronics manufacturing company said in a Tuesday filing with the Taiwan Exchange.

TPE:3231

Anhui Sierte Fertilizer Industry Subsidiary to Construct Fine Phosphate Transformation Project

Anhui Sierte Fertilizer Industry (SHE:002538) subsidiary Xuancheng Sierte Chemical Technology will invest 866 million yuan in the construction of a fine phosphate transformation and upgrading project, according to a Tuesday disclosure to the Shenzhen Stock Exchange.The subsidiary will sign a project investment agreement with the Anhui Xuancheng High-Tech Industrial Development Zone Management Committee and will construct the project based on the listed company's existing facilities within its original chemical industrial park.The project spans 52,495 square meters. Construction will take place within 22 months from January 2027 to October 2028.

SHE:002538

Aztech Global's H1 Attributable Profit, Revenue Down

Aztech Global's (SGX:8AZ) attributable profit to owners dropped in the first half to SG$9.4 million from SG$16.1 million a year earlier, according to a Tuesday filing with the Singapore Exchange.Earnings per share came in at SG$0.0121 compared with SG$0.0208 in the year-ago period.Revenue declined to SG$151.4 million from SG$185.4 million.The technology designer and manufacturer proposed an interim dividend of SG$0.05 per share. It paid SG$0.01 per share in the previous year.

SGX:8AZ

Keshun Waterproof Technologies' Convertible Bonds to Pay Interest

Keshun Waterproof Technologies' (SHE:300737) convertible bonds are set to pay interest on Aug. 4, according to a Tuesday disclosure to the Shenzhen Stock Exchange.The new building waterproofing materials manufacturer's bonds, registered in 2023, hold an interest rate of 1%. The company will pay interest of 10 yuan per 10 bond certificates with a face value of 1,000 yuan.

SHE:300737

Phillip Securities Starts Izumi at Buy with 1,280 Yen Price Target

TYO:8273

MIDF Amanah Downgrades QL Resources to Neutral from Buy; Price Target is MYR4.11

QL Resources (KLSE:QL) has an average rating of overweight and mean price target of 4.15 ringgit, 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://finwires.com/en/contact)

KLSE:QL

Tokai Tokyo Downgrades Idom to Neutral from Outperform; Price Target is 1,420 Yen

TYO:7599

Hong Leong Starts Malayan Flour Mills at Buy with MYR0.93 Price Target

KLSE:MFLOUR

PT Verdhana Sekuritas Indonesia Starts Dharma Satya Nusantara at Buy with IDR2,100 Price Target

IDX:DSNG

Youran Dairy Forecasts Turnaround to H1 Profit

China Youran Dairy (HKG:9858) expects an attributable profit of between 739 million yuan and 903 million yuan for the six months ended June 30, compared with an attributable loss of 297 million yuan a year prior.The dairy products manufacturer attributed the forecast to narrower losses from changes in fair value less costs to sell of biological assets, as well as a boost in the operating performance of its core business.

HKG:9858

BNK Financial Group Declares Quarterly Dividend

BNK Financial Group (KRX:138930) declared a quarterly cash dividend of 150 won per common share, with a total dividend amount of 46.03 billion won, according to a Tuesday regulatory filing with the Korea Exchange.The dividend record date is August 12, and the scheduled payout is on August 27.

KRX:138930

Luk Fook Fined HK$2.1 Million for Inadequate Cybersecurity Protection

Luk Fook (International) (HKG:0590) has been publicly reprimanded and fined HK$2.1 million by the Securities and Futures Commission (SFC), according to a Tuesday release by the latter.The action came as Luk Fook did not put adequate cybersecurity control measures in place, potentially making it more vulnerable to a ransomware attack on Sept. 19, 2022.The ineffective protection measures led to a breach of the SFC's cybersecurity framework requirements as the company faced a delay of around three weeks in recovering its systems from the attack.Luk Fook has since worked on identifying the root cause of its failings, improving its systems and controls, and working with the SFC to resolve its concerns.

HKG:0590

Goldman Sachs Adjusts Price Target on Diamondback Energy to $212 From $210, Maintains Buy Rating

Diamondback Energy (FANG) has an average rating of buy and mean price target of $231.17, 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://finwires.com/en/contact)

$FANG

Goldman Sachs Adjusts Price Target on APA to $31 From $32, Maintains Sell Rating

APA (APA) has an average rating of hold and mean price target of $42.36, 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://finwires.com/en/contact)

$APA

^STISGX:5CFSGX:BN4SGX:HMN

Goldman Sachs Adjusts Price Target on EOG Resources to $127 From $129, Maintains Neutral Rating

EOG Resources (EOG) has an average rating of overweight and mean price target of $158.79, 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://finwires.com/en/contact)

$EOG

Asia Markets12d ago

Singapore Shares Fall Over AI Investments Sustainability

Singapore shares fell on Tuesday, tracking broader regional losses as investors mirrored concerns over the sustainability of AI investments amid intense Chinese competition.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,577.43 and 5,625.27 throughout the day. It ended the session at 5,616.11, down 4.13 points or 0.1% compared to Monday's close.On the corporate front, shares of Keppel (SGX:BN4) closed nearly 3% higher as it surpassed its end-2026 interim target of SG$100 billion in funds under management after adding about SG$13.5 billion across its private infrastructure, real estate and connectivity funds year to date.OKP Holdings' (SGX:5CF) shares closed nearly 1% lower as its wholly-owned subsidiary, OKP Land, has incorporated a joint venture company, RPC One, with Hwa Seng Investment.Meanwhile, shares of CapitaLand Ascott Trust (SGX:HMN) were down nearly 1% at the close as it reported an 11% increase in first-half income available for distribution to SG$107 million.

Galp Energia Estimates Revised as RBC Notes Q2 Results, Upgraded FY26 Guidance

RBC Capital Markets said Monday it revised its forecasts for Galp Energia (GALP.LS), taking into account its recently updated commodity price deck, alongside the company's second-quarter results and upgraded full-year 2026 outlook.The Portuguese energy group lifted its production guidance to 130,000 barrels of oil equivalent per day from the previously expected range of 125,000 to 130,000 barrels of oil equivalent per day, with analysts expecting the possibility of a further upgrade later in 2026.The research firm nudged up its production estimates by 0.3% for 2026 and 0.2% for both 2027 and 2028. EPS projections for 2026 and 2027 were respectively lowered by 1.5% and 3.5%, while that for 2028 was raised by 5.3%."Despite some cautiousness from management, Galp is set to surpass both its operational and financial targets this year, and certain events could create additional optionality for shareholders (Moeve JV, Mozambique). At the same time, given the market's initial reaction to the much anticipated Mopane deal last year (-15% intraday), it is not surprising if investors remain cautious ahead of these potential 'catalysts', and wait for clearer signs of shareholder value creation," the research firm said.The outperform recommendation on the stock and 22-euro price target were maintained.

$GALP.LS