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Guosheng Securities Starts Guangzhou Great Power Energy and Technology at Buy

UBS Upgrades Ford Motor to Buy From Neutral, Price Target is $15

Ford Motor (F) has an average rating of hold and mean price target of $13.73, 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://finwires.com/en/contact)

Equities146d ago

Equinor Cuts Stake in Scatec

Equinor (EQNR) said Tuesday it has sold an 8.07% stake in Scatec at 125 Norwegian Krone ($13.26) per share, generating proceeds of about 1.6 billion Norwegian Krone.The company said it retains an 8.05% stake and has agreed to a 90-day lock-up on its remaining shares following the transaction.The companies will continue their joint operations in solar projects in Brazil, including Apodi and Mendubim, which are unaffected by the sale, it added.

$EQNR

Research146d ago

BNP Paribas Upgrades Standard Chartered to Outperform from Neutral; Price Target is 20 Pounds

Standard Chartered (HKG:2888) has an average rating of overweight and mean price target of 19.05 pounds, 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)

HKG:2888

Research146d ago

UBS Upgrades Tesla to Neutral From Sell, Price Target is $352

Tesla (TSLA) has an average rating of overweight and mean price target of $404.56, 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)

$TSLA

Research146d ago

BNP Paribas Downgrades HSBC Holdings to Neutral from Outperform; Price Target is 14.50 Pounds

HSBC Holdings (HKG:0005) has an average rating of overweight and mean price target of 13.57 pounds, 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)

HKG:0005

Asia146d ago

Market Chatter: Zimbabwe Grants Lithium Export Quotas to Chengxin Lithium, Sinomine Resource

Zimbabwe has awarded lithium concentrate export quotas to two Chinese mining firms, Chengxin Lithium (SHE:002240) and Sinomine Resource (SHE:002738), just two months after suspending all raw mineral exports, Reuters reported Monday.The move follows February's ban over alleged malpractices and leakages, according to the report. Under new rules, exporters must also process more material locally.Chengxin Lithium received a quota matching its 290,000-ton annual capacity, while Sinomine Resource's 200,000-ton allowance equals about its monthly output.Shares of Chengxin Lithium closed 8% higher Tuesday.(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.)

SHE:002240SHE:002738

Japan146d ago

US Equity Futures Rise Pre-Bell as Iran Peace Talks Reportedly Alive After Hormuz Blockade

Equities146d ago

Wildcat Petroleum Renames as Wildcat Gold

Wildcat Petroleum (WCAT.L) said Tuesday it changed its name to Wildcat Gold to reflect its new focus on gold processing projects.The petroleum investor's new name will take effect on the London stock exchange on Wednesday, without changing its ticker.

$WCAT.L

Asia146d ago

Market Chatter: Indonesia Expects Easing Plastic Prices as Government Boosts Imports

Indonesia expects plastic prices to start declining soon as authorities ramp up efforts to secure alternative raw material supplies amid ongoing global disruptions, The Jakarta Post reported Tuesday.The country's Trade Minister Budi Santoso said the government is speeding up sourcing from countries such as India, the United States and parts of Africa to ease domestic shortages and stabilize prices. He attributed the recent spike to tighter availability of key petrochemical inputs, particularly naphtha, following supply disruptions tied to geopolitical tensions, according to the report.Officials said additional shipments are in the pipeline, though existing inventories will continue to support industries in the near term until new supplies arrive. The government is also exploring more sourcing options to ensure supply stability as global production remains under pressure, the news outlet 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.)

^JKSE

Research146d ago

UOB Kay Hian Starts Yuexiu Property at Buy with HK$4.20 Price Target

Yuexiu Property (HKG:0123) has an average rating of buy and mean price target of HK$5.22, 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)

HKG:0123

Asia146d ago

BayCurrent's Profit Rises 23% in Fiscal 2026

BayCurrent's (TYO:6532) profit attributable to owners of the parent rose 23% to 37.8 billion yen for the fiscal year 2026 from 30.8 billion yen a year earlier.The consulting firm's basic earnings per share increased to 249.16 yen from 202.16 yen a year ago, according to a Tokyo bourse filing on Tuesday.Revenue jumped 28% to 148.3 billion yen for the full year ended Feb. 28 from 116.1 billion yen in the prior year.It declared a final dividend of 50 yen per share for the fiscal year ended Feb. 28, payable from May 28.For the fiscal year 2027, the company expects attributable profit of 48.1 billion yen, basic EPS of 323.79 yen, and revenue of 190 billion yen.BayCurrent plans to pay interim and year-end dividends of 65 yen per share, each, for the current year, which is higher than the amount paid in the year-ago period.

TYO:6532

Asia146d ago

Toho's Full-Year Profit Climbs 19%

Toho's (TYO:9602) profit attributable to owners climbed 19% to 51.8 billion yen for the fiscal year ended Feb. 28 from 43.4 billion yen a year earlier.The entertainment company's basic earnings per share increased to 61.20 yen from 50.95 yen a year ago, according to a Tokyo bourse filing on Tuesday.Operating revenue jumped 15% to 360.7 billion yen from 313.2 billion yen in the prior year.In a separate filing, Toho raised its final dividend to 67.50 yen per share, payable from May 29, citing stronger-than-expected fourth-quarter performance.For the fiscal year ending Feb. 28, 2027, the company expects attributable profit of 41 billion yen, basic EPS of 48.85 yen, and operating revenue of 345 billion yen.

TYO:9602

Asia146d ago

Prudential Buys Back Shares

Prudential (HKG:2378, SGX:K6S) bought back 256,174 shares in London on Monday at an average price of about 11.06 pounds sterling apiece, according to a Tuesday Hong Kong bourse filing.The insurer intends to cancel the repurchased shares.Following the transaction, the company will have about 2.52 billion shares in issue.

HKG:2378SGX:K6S

Research146d ago

Citi Downgrades Nidec to Neutral from Buy, Adjusts Price Target to 2,500 Yen from 3,700 Yen

Nidec (TYO:6594) has an average rating of hold and mean price target of 2,461.67 yen, 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)

TYO:6594

Research146d ago

Iwai Cosmo Securities Starts And ST HD at Neutral Plus with 3,500 Yen Price Target

And ST HD (TYO:2685) has an average rating of hold and mean price target of 3,060 yen, 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)

TYO:2685

Asia146d ago

CapitalOnline Appoints CFO

CapitalOnline Data Service (SHE:300846) appointed Li Yidan chief financial officer, according to a Shenzhen bourse filing on Tuesday.Li, who served as the general manager of the company's financial management center, will take over from Zhang Lisha, who resigned due to personal reasons.The internet data company's shares rose less than 2% at the close.

SHE:300846

Asia146d ago

Crosstec Bondholder Converts Nearly HK$7 Million Debt Into Equity

Crosstec (HKG:3893) said a bondholder exercised its right to convert part of its convertible bonds into equity, according to a Tuesday Hong Kong bourse filing.The company received a conversion notice from MK Investment to convert HK$6.6 million in bonds into 60 million shares at HK$0.11 each.The shares represent about 11% of the company's issued share capital before the issue and about 9.9% as enlarged by the issue.Following the conversion, major shareholder MK Investment increased its stake to about 28.8% from 20.98%.

HKG:3893

Asia146d ago

Jefferies Adjusts Sansan's Price Target to 1,900 Yen from 2,400 Yen, Keeps at Buy

Sansan (TYO:4443) has an average rating of overweight and mean price target of 2,072.22 yen, 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)

TYO:4443

Oil & Energy146d ago

EMEA Natural Gas Update: Futures Fall Over 2% After Trump Says Iran Wants to Make a Deal

European natural gas futures were down over 2% on Tuesday, erasing some of the previous session's gains, after US President Donald Trump said that Iran wants to make a deal "very badly," which allayed fears of a prolonged disruption in the region.The front-month Dutch TTF contract dropped 2.47% to 45.26 euros ($53.30) per megawatt-hour, while UK NBP futures dropped 2.68% to 113.66 British pence ($1.53) per therm.Speaking to reporters in the White House on Monday, Trump said that the "other side" had reached out to him seeking a deal, amid the US naval blockade against Iran.Trump also claimed that 34 ships had sailed through the Strait of Hormuz, which he said was "the highest number" since the conflict began, in a Truth Social post on Monday.This, however, falls short of the figures reported by the Hormuz Strait Monitor, with just 2 vessels passing through the crucial waterway over the past 24 hours, as it remained effectively closed for the seventh week running.According to Daniel Hynes, a senior commodity strategist at ANZ, "the continued closure of the Strait raises the risk that the recovery of supplies will take much longer," while noting that resumption of output and supplies will be a long and drawn-out process, even if the Straits were to reopen right away.This comes at a time when Europe has begun refilling inventories, with storage levels significantly depleted, at just 29.54% of capacity, compared to 35.35% last year, according to data from Gas Infrastructure Europe.

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