Financial News · Live Terminal

BOM:500520BOM:505192NSE:M&MNSE:SMLMAH

Mahindra & Mahindra to Sell Truck & Bus Business to SML Mahindra for INR5.25 Billion

Mahindra & Mahindra (NSE:M&M, BOM:500520) approved the transfer of its truck and bus division to subsidiary SML Mahindra (NSE:SMLMAH, BOM:505192) for 5.25 billion Indian on a slump sale basis.The transaction will involve the transfer of the business undertaking, including employees, assets, intellectual property, contracts, licenses and liabilities, under a business transfer agreement expected to be executed by Aug. 7, according to an Indian bourse filing on Wednesday.The proposed sale is expected to be completed by Jan. 31, 2027.SML Mahindra jumped over 20% in after-market hours while Mahindra & Mahindra fell nearly 2%.

Morgans Financial Upgrades Whitehaven Coal to Buy from Accumulate; Price Target is AU$8.50

Whitehaven Coal (ASX:WHC) has an average rating of overweight and mean price target of AU$8.47, 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:WHC

Morgans Financial Upgrades Whitehaven Coal to Buy from Accumulate; Price Target is AU$8.50

ASX:WHC

Daiwa Downgrades Nippon Shinyaku to Neutral from Outperform; Price Target is 3,600 Yen

Nippon Shinyaku (TYO:4516) has an average rating of hold and mean price target of 4,853.75 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:4516

Huatai Research Starts Jinlei Technology at Buy with 27 Yuan Price Target

SHE:300443

Earnings Flash (TCW.TO) Trican Well Service Reports Q2 Revenue C$214.6M, vs. FactSet Est of C$220.8M

$TCW.TO

Earnings Flash (GIB-A.TO) CGI Inc. Reports Q3 Revenue C$4.19B, vs. FactSet Est of C$4.18B

$GIB-A.TO

Phillip Securities Upgrades Minebea Mitsumi to Neutral from Sell; Price Target is 4,130 Yen

Minebea Mitsumi (TYO:6479) has an average rating of overweight and mean price target of 4,812.67 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:6479

MIDF Amanah Upgrades Nestle Malaysia to Buy from Neutral; Price Target is MYR116.10

Nestle Malaysia (KLSE:NESTLE) has an average rating of overweight and mean price target of 115.72 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:NESTLE

Earnings Flash (GIB-A.TO) CGI Inc. Posts Q3 Adjusted EPS C$2.29 per Share, vs. FactSet Est of C$2.28

$GIB-A.TO

Fubon Securities Upgrades Faraday Technology to Buy from Neutral; Price Target is NT$240

Faraday Technology (TPE:3035) has an average rating of hold and mean price target of NT$191.42, 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)

TPE:3035

Yuanta Securities Upgrades China Airlines to Buy from Hold; Price Target is NT$28

China Airlines (TPE:2610) has an average rating of overweight and mean price target of NT$24.30, 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)

TPE:2610

CTBC Securities Starts Da-Li Development at Add with NT$56 Price Target

TPE:6177

Hang SengNikkei 225Shanghai Composite

Earnings Flash (PSD.TO) Pulse Seismic Inc. Reports Q2 Revenue C$3.6M

$PSD.TO

International18d ago

Chip Wreck and Higher Oil Prices Roil Asian Stock Markets

Asian stock markets churned on Wednesday, as exchanges exposed to semiconductor- and AI-related enterprises fell back, against a backdrop of rising oil prices.Hong Kong and Shanghai finished in the green, while Seoul, Taiwan, and Tokyo fell back. Other regional exchanges were mixed.Brent oil traded up 3.9% to $85.28 a barrel during Asian trading hours, as Persian Gulf hostilities captured headlines.In Japan, the Nikkei 225 opened evenly but dragged in trading, finishing off 1.5% as investors again eschewed semiconductor- and AI-related issues.The benchmark Nikkei 225 fell 930.73 to 61,434.19, although gaining issues outnumbered losers 143 to 79, as losses were somewhat confined to the tech sector.Leading the upside was video game-maker Konami, up 12.7% after peer enterprise Capcom reported strong quarterly results, while tech-conglomerate Screen Holdings declined 17.3%.Seoul's semiconductor-laden KOSPI index declined 6% after chipmaker SK Hynix reported record profits and revenue but an earnings miss, while the Taiwan TWSE fell 3.8%.In Hong Kong, the Hang Seng Index opened higher and rose to the close, concluding up 2% as traders waded back into depressed property and certain tech shares.The broad gauge Hang Seng rose 497.07 to 25,807.92 as gaining issues outnumbered losers 86 to seven. The Hang Seng TECH Index gained 2.8% on the day, while the Mainland Properties Index rose 2.6%.Leading the upside was Li Auto, gaining 9.9%, while Laopu Gold declined 4.8%.On the mainland, the Shanghai Composite rose 0.4% to 3,828.47.On the other regional exchanges, the Australian ASX 200 inclined 1%; the Singapore Straits Times Index rose 1.7%, while trading floors were dark in Bangkok on holiday. In late trading in Mumbai, the Sensex was up 1.2%The MSCI All Country Asia Pacific Index fell 0.7% on the day.In other news, Australia's consumer price index in June rose 3.8% on year, above the Reserve Bank of Australia's 2% to 3% target range.

ITEQ International Approves $2 Million Cash Capital Reduction

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

TPE:6213

Elite Material Logs H1 Profit of NT$15.2 Billion

Elite Material (TPE:2383) posted a profit attributable to owners of NT$15.2 billion, or NT$42.46 per share, for the first half of 2026, according to a Wednesday Taiwan bourse filing.The company did not provide comparative year-ago figures.Operating revenue stood at NT$80.3 billion, the electronic components manufacturer said.

TPE:2383

NEC's Profit Climbs 157% in Fiscal Q1

NEC (TYO:6701) profit attributable to owners of the parent climbed 157% to 49.7 billion yen for the fiscal first quarter from 19.3 billion yen a year earlier.The IT company's earnings per share rose to 37.47 yen from 14.49 yen a year ago, according to a Tokyo bourse filing on Wednesday.Revenue increased 15% to 819.8 billion yen for the three months ended June 30 from 715.7 billion yen a year earlier.For the fiscal year ending March 31, 2027, the company expects attributable profit of 290 billion yen, EPS of 218.65 yen, and revenue of 3.540 trillion yen.NEC plans to pay interim and year-end dividends of 20 yen per share each for the current fiscal year.Shares of NEC rose nearly 3% at market close.

TYO:6701