Financial News · Live Terminal

Ganyue Expressway Issues 300 Million Yuan Medium-Term Bonds

Jiangxi Ganyue Expressway (SHA:600269) issued medium-term bonds worth 300 million yuan, according to a Wednesday disclosure on the Shanghai bourse.The two-year floating-rate bonds have an initial coupon rate of 1.51%, which is reset annually.The Chinese expressway operator's shares rose 3% at the close.

SHA:600269

UBS Downgrades Challenger to Neutral from Buy; Price Target is AU$11.30

Challenger (ASX:CGF) has an average rating of overweight and mean price target of AU$10.58, 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)

ASX:CGF

Earnings Flash (WRG.TO) Western Energy Services Reports Q2 Revenue C$38.6M vs. FactSet Est of C$40M

$WRG.TO

Wire18d ago

Constellium Q2 Earnings, Revenue Rise

Constellium (CSTM) reported Q2 earnings Wednesday of $1.04 per diluted share, up from $0.25 a year earlier.Three analysts polled by FactSet expected $0.89.Revenue for the quarter ended June 30 was $2.75 billion, up from $2.10 billion a year earlier.Analysts polled by FactSet expected $2.73 billion.Shares of the company were up more than 3% in premarket activity Wednesday.Price: $30.05, Change: $+0.97, Percent Change: +3.34%

$CSTM

Equities18d ago

Cenovus Energy Q2 Earnings Rise

Cenovus Energy (CVE) reported Q2 earnings Wednesday of CA$1.53 ($1.08) per diluted share, up from $0.455 a year earlier.Three analysts surveyed by FactSet expected $1.64.Revenue for the quarter ended June 30 was $17.4 billion.Analysts expected $16.87 billion.Shares of the company were up 4.3% in recent Wednesday premarket activity.

$CVE

UBS Downgrades Challenger to Neutral from Buy; Price Target is AU$11.30

ASX:CGF

UBS Upgrades Centuria Capital Group to Buy from Neutral; Price Target is A$2.11

Centuria Capital Group (ASX:CNI) has an average rating of overweight and mean price target of AU$2.19, 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)

ASX:CNI

ITEQ Unit OKs $2 Million Cash Capital Reduction

ITEQ's (TPE:6213) major unit, ITEQ Holding, approved a $2.3 million cash capital reduction as part of the group's capital management strategy, according to a Wednesday Taiwan Exchange filing.The capital reduction will cancel 2.3 million shares, representing 4% of the subsidiary's share capital, leaving share capital at $54.5 million after the reduction.

TPE:6213

Adani Enterprises Swings to Consolidated Net Loss in Fiscal Q1

Adani Enterprises (NSE:ADANIENT, BOM:512599) posted a consolidated attributable net loss of 11.6 billion Indian rupees in fiscal first quarter, compared with a net profit of 8.85 billion rupees a year ago.Loss per share in the quarter ended June 30 stood at 8.91 rupees, compared with earnings per share of 7.12 rupees last year, according to a Wednesday filing to the Indian stock exchanges by the global integrated infrastructure company.Revenue from operations in fiscal Q1, however, increased to 329.2 billion rupees from 219.6 billion rupees a year ago.Shares of the company rose nearly 1% at market close.

BOM:512599NSE:ADANIENT

Nomura Holdings Q1 Net Income Jumps; Revenue Rises

Nomura Holdings (TYO:8604) posted a 39% year-over-year surge in net income attributable to shareholders for the fiscal first quarter to 145.6 billion yen from 104.6 billion yen.The financial holding company's earnings per share were 48.34 yen, compared with 34.04 yen a year earlier, according to a Tokyo Stock Exchange filing on Wednesday.Total revenue rose 19% to 1.372 trillion yen for the three months ended June from 1.157 trillion for the three months ended June 30.Nomura does not provide earnings and dividend forecasts due to uncertainties in global capital market conditions.

TYO:8604

Makita's Profit Climbs 19% in Fiscal Q1

Makita's (TYO:6586) profit attributable to owners of the parent climbed 19% to 22.9 billion yen for the fiscal first quarter from 19.3 billion yen a year earlier.The power tools manufacturer's basic earnings per share rose to 88.70 yen from 72.07 yen a year ago, according to a Tokyo bourse filing on Wednesday.Revenue rose 10.7% to 206.6 billion yen for the three months ended June 30 from 186.6 billion yen.For the fiscal year ending March 31, 2027, the company expects attributable profit of 81 billion yen, basic EPS of 314.22 yen, and revenue of 820 billion yen.The company expects to pay an interim dividend of 20 yen per share for the current fiscal year.Shares of Makita rose nearly 4% at market close.

TYO:6586

Jardine Matheson Repurchases More Shares

Jardine Matheson (SGX:J36) bought back 12,000 common shares on Wednesday at $65.78 each, according to a same-day filing on the Singapore stock exchange.The repurchased shares will be cancelled.As of July 1, JMH's issued share capital consists of around 294 million ordinary shares with voting rights of one vote per share.

SGX:J36

Arete Upgrades Texas Instruments to Buy From Neutral, Adjusts Price Target to $405 From $303

Texas Instruments (TXN) has an average rating of overweight and mean price target of $325.38, 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)

$TXN

Allied Properties REIT Reports Decrease in Adjusted Funds from Operations YoY

Allied Properties Real Estate Investment Trust (AP-UN.TO) reported adjusted funds from operations of C$33.3 million, or C$0.17 per unit, down from C$63.7 million, or C$0.46 per unit, in the year-ago quarter.Analysts polled by FactSet expected C$0.20.Rental revenue was C$140.5 million, down from C$145.0 million.Analysts expected C$132.4 million, with three analysts reporting.

$AP-UN.TO

Earnings Flash (HBM) Hudbay Minerals Reports Q2 Revenue $631.3M, vs. FactSet Est of $632.4M

$HBM

Earnings Flash (HBM) Hudbay Minerals Posts Q2 Adjusted EPS $0.28 vs. FactSet Est of $0.26

$HBM