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ApicHope Pharmaceutical Receives China NMPA Drug Registration Certificate for Anti-Gout Tablets

ApicHope Pharmaceutical (SHE:300723) received a drug registration certificate from China's National Medical Products Administration for its benzbromarone, according to a Friday filing with the Shenzhen bourse.The drug is indicated for gout, helping lower blood uric acid levels by inhibiting the reabsorption of uric acid by the kidney tubules, the company said in its filing.Sales of benzbromarone across China reached 269.5 million yuan in 2025, ApicHope said.

SHE:300723

Asia22d ago

Market Chatter: Temasek Weighs Defense Investments as European Military Spending Rises

Singaporean state investor, Temasek, is looking to increase investments in the defense sector as war in Ukraine prompts European governments to boost their military spending, according to a Reuters report, citing a senior Temasek Executive on Friday.Defense investment is part of Temasek's push into Europe, the Middle East and Africa, which account for around 12% of its portfolio, the report said.President of global investments, Nagi Hamiyeh, said the fund has historically avoided investment in the sector but is now making an exception due to considerations around deterrence and sovereignty, the report added.However, the state fund will mainly focus on dual-use technologies that serve both civilian and military customers, the report noted.(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.)

^STI

Research22d ago

Mizuho Securities Upgrades Kinden to Buy from Neutral; Price Target is 9,300 Yen

Kinden (TYO:1944) has an average rating of overweight and mean price target of 9,025 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:1944

Research22d ago

Mizuho Securities Upgrades SoftBank Corp. to Buy from Neutral; Price Target is 255 Yen

SoftBank (TYO:9434) has an average rating of overweight and mean price target of 250.94 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:9434

Research22d ago

SBI Securities Starts Nichias at Buy with 4,460 Yen Price Target

Nichias (TYO:5393) has an average rating of buy and mean price target of 4,058.33 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:5393

Asia22d ago

China Life Insurance Renews Insurance Sales Framework Contract

China Life Insurance (HKG:2628, SHA:601628) renewed an insurance sales framework agreement with China Life Property and Casualty Insurance ahead of its March 31, 2027 expiry.The company will continue to be entrusted by China Life Property and Casualty Insurance to act as an agent to sell certain insurance products within the authorized region, according to a Friday Hong Kong bourse filing.The new contract will be valid from Jan. 1, 2027 to Dec. 31, 2029, subject to shareholder approval, and will replace the old agreement.

HKG:2628SHA:601628

Research22d ago

Krungthai XSpring Securities Downgrades Central Plaza Hotel to Neutral from Outperform; Price Target is THB40.50

BKK:CENTEL

Research22d ago

Mito Securities Starts Sanrio at Outperform with 1,800 Yen Price Target

Sanrio (TYO:8136) has an average rating of buy and mean price target of 1,517.85 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:8136

Research22d ago

Bell Potter Downgrades PolyNovo to Hold from Buy; Price Target is AU$1

ASX:PNV

Commodities22d ago

Military Activity Near Nuclear Power Facility in Ukraine Threatens Safety, Says IAEA

Ongoing military strikes near the Zaporizhzhya Nuclear Power Plant in Ukraine have damaged local electrical grids and cut municipal water supplies, severely straining staff working to maintain nuclear safety, according to the International Atomic Energy Agency update on Thursday.Recent strikes targeting local electrical infrastructure have disrupted municipal water supplies to both the city and the facility, according to the IAEA.Although backup groundwater wells continue to supply the water necessary for reactor cooling and essential safety functions, the loss of basic utilities underscores the escalating vulnerabilities faced by the workforce, it said.IAEA Director General Rafael Mariano Grossi noted that reliable access to essential services is vital for staff well-being and operational continuity, reiterating the importance of the agency's seven indispensable pillars for nuclear safety during armed conflict.Compounding these operational pressures, the on-site IAEA monitoring team has faced restricted mobility, being repeatedly denied access to the off-site emergency operations center due to ongoing security concerns.These challenges follow the confirmation that the ZNPP chief engineer was killed in a localized drone strike, prompting renewed international warnings that nuclear plant personnel must never be targeted.Meanwhile, auxiliary nuclear sites across Ukraine remain on edge, with the IAEA team at Chornobyl reporting frequent air raid alarms and nearby drone activity, highlighting pervasive risks across the regional energy infrastructure.

Treasury22d ago

Malaysian Shares End in Red Amid Regional Sell-Off

Malaysian shares ended in the red on Friday, snapping yesterday's gains. Investor sentiment mirrored a downbeat regional performance.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 13.57 points to end 0.1% lower at 1,701.02.Malaysia's coincident index, which gauges current economic conditions, fell 0.3% month over month in May to 131.2 points from 131.6 points in April, according to the Department of Statistics Malaysia. The reading missed the 0.5% growth forecast tracked by Trading Economics. On an annual basis, the index rose 2.5% to 131.2 points from 128 points a year earlier.Meanwhile, Malaysia's leading index, which anticipates economic direction in the near term, ticked down 0.5% month over month in May. The pace of growth missed the Trading Economics forecast of 0.3%.Malaysia completed a $1.5 billion dual-tranche global sukuk, or Islamic bond, issuance after attracting investor orders exceeding $9.5 billion, or 4.7 times the amount offered, the country's finance ministry reported. The sale comprised an $850 million sukuk, maturing in 5.75 years, and a $650 million tranche, with a 10-year tenor.In corporate news, shares of Westports (KLSE:WPRTS) gained over 2% on today's close after it posted a profit attributable to owners of 360.9 million ringgit in the second quarter, up 56% from 231.6 million ringgit a year earlier. Earnings per share surged 56% to 0.105 ringgit, from 0.0679 ringgit a year prior.Shares of Kerjaya Prospek Group (KLSE:KERJAYA) also rose over 2% on Friday's close after it secured a 52.5 million ringgit subcontract to carry out civil, structural, and basic low-voltage mechanical and electrical works for a data center project in Malaysia's Klang Valley.

FTSE Bursa Malaysia KLCIKLSE:KERJAYAKLSE:WPRTS

Asia22d ago

Macquarie Upgrades Nexon to Outperform from Neutral; Price Target is 2,900 Yen

Nexon (TYO:3659) has an average rating of overweight and mean price target of 2,871.88 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:3659

Commodities22d ago

Market Chatter: Chinese Refiners Seek Early Russian ESPO Crude Cargoes Amid Rising Middle East Risks

Russia's flagship ESPO crude is experiencing an unusually early demand from Chinese purchasers, with refiners looking to secure supplies ahead of the normal schedule amid increasing risks to Middle Eastern flows, Bloomberg reported Friday.August shipments from Russia's Kozmino terminal on the Pacific Coast have already been booked along with several cargoes for September. Buying interest has strengthened earlier than usual, narrowing the ESPO crude discount to about $1 a barrel below ICE Brent prices from $3 to $4/bbl two weeks ago, the report said, citing traders familiar.Usually, there is little incentive for refiners to make advance purchases of the relatively liquid and low sulfur content light sweet grade as it is shipped in just about a week to China from Kozmino.China's Russian crude imports have averaged about 1.4 million barrels a day in July so far, with monthly seaborne imports from the country heading towards levels not seen since March, the report said, citing Kpler data.has reached out to Russia's Energy Ministry and China's National Energy Administration for a comment.(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.)

Research22d ago

RBC Upgrades Karoon Energy to Outperform from Sector Perform; Price Target is AU$2

Karoon Energy (ASX:KAR) has an average rating of overweight and mean price target of AU$1.87, 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:KAR

Research22d ago

UBS Upgrades Advantest to Buy from Neutral; Price Target is 38,100 Yen

Advantest (TYO:6857) has an average rating of overweight and mean price target of 35,759.09 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:6857

Research22d ago

China Merchants Starts Takeda Pharmaceutical at Buy with 6,600 Yen Price Target

Takeda Pharmaceutical (TYO:4502) has an average rating of overweight and mean price target of 6,264.50 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:4502

Asia22d ago

SUTL Enterprise Arm Extends Long-Stop Date for Marina at Keppel Bay Acquisition

SUTL Enterprise's (SGX:BHU) wholly-owned subsidiary One15 Marina KB and Keppel Bay have also agreed to extend their long-stop date for the proposed SG$40 million acquisition of Marina at Keppel Bay to Jan 4, 2027, from Jul 31, according to a Thursday filing to the Singapore stock exchange.The extension follows the start of the second phase of in-depth review of the acquisition by the Competition and Consumer Commission of Singapore (CCS).A Phase 2 review entails a more detailed and extensive examination of the effects of the merger situation, the company said.

SGX:BHU

Mining & Metals22d ago

Cadillac Mines Prices, Upsizes Initial Public Offering

Cadillac Mines has priced and upsized its initial public offering to raise gross proceeds of about C$385 million, the company said Thursday.Cadillac Mines priced 47.1 million common shares at C$6.90 per share and 6.3 million special flow-through shares at C$9.52 per share. The offering was upsized from about C$363 million, the company said, citing excess demand.Underwriters were granted an over-allotment option to buy up to an additional 8.0 million common shares at the offering price. Agnico Eagle Mines (AEM.TO) has also subscribed for 8.7 million common shares on a private placement basis for gross proceeds of about C$60 million.The offering is scheduled to close on or about Aug. 5. The common shares will start trading on the Toronto Stock Exchange on July 24 under the symbol CADY.

$AEM.TO

Asia22d ago

Update: Market Chatter: Bain and LY Corp. Prepare to Counter EQT's Bid for Kakaku.com

(updated with Kakaku.com's response)Bain Capital and LY Corp. are poised to submit a higher joint offer for Kakaku.com (TYO:2371) than EQT's recent 3,450 yen-per-share proposal, Bloomberg News reported on Friday, citing sources familiar with the matter.An improved bid could surface within days, but deliberations are still confidential and inconclusive, with no binding decision made and the outcome subject to change, Bloomberg said.EQT has extended its tender offer deadline to August 3 amid ongoing discussions with Kakaku's Hong Kong-based shareholder, Oasis Management, the publication said.Kakaku.com declined to comment, while Bain Capital and LY Corp. did not immediately respond to' request for comment.(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.)

TYO:2371TYO:4689

Research22d ago

Morgan Stanley Downgrades Penske Automotive to Equalweight From Overweight, Adjusts PT to $210 From $190

Penske Automotive Group (PAG) has an average rating of hold and mean price target of $195.38, 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)

$PAG

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