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Jefferies Downgrades Yangtze Optical Fibre And Cable JSC to Hold from Buy; Price Target is HK$153.74

Yangtze Optical Fibre And Cable Joint Stock Company (HKG:6869) has an average rating of overweight and mean price target of HK$241.92, 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:6869SHA:601869

Asia22d ago

Newborn Town Forecasts Up to 39% Boost in H1 Revenue

Newborn Town (HKG:9911) expects a revenue of between $595 million and $615 million for the six months ended June 30, up 34% to 39% from a year prior.The internet marketing company attributed the revenue forecast to contributions from its social networking and innovative business wings.Revenue from the social networking wing is forecast to rise by 34% to 38% to between $530 million and $545 million, while that from the innovative business will increase 35% to 46% to between $65 million and $70 million.

HKG:9911

Asia22d ago

Hyundai Rotem Confirms Iraq's Interest in K2 Tank but No Deal Finalized

Hyundai Rotem (KRX:064350) confirmed it is engaging in sales activities with multiple countries, including Iraq, to expand its defense export markets and explore K2 tank opportunities, following a media report.The company said, however, that no specific details regarding a potential deal with Iraq have been confirmed at this time, according to a bourse filing on Wednesday.This disclosure marks the company's fourth response on the matter, following previous undetermined announcements in September, October, and January.Hyundai Rotem added that it will issue a further update once matters are confirmed or within six months.

KRX:064350

Mining & Metals22d ago

Goodfood Market Reports Q3 Net Loss as Sales Decline

Goodfood Market (FOOD.TO) reported fiscal third-quarter net loss of C$50,000, or a loss of C$0 per share, compared to net income of C$54,000, or C$0 per share, in the year-ago quarter.Net sales were C$21.5 million, down from C$30.7 million in the prior-year period, the meal solutions company reported Tuesday.

$FOOD.TO

Equities22d ago

TD Cowen Adjusts Price Target on Chevron to $200 From $197, Maintains Hold Rating

Chevron (CVX) has an average rating of overweight and mean price target of $214.17, 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)

$CVX

Asia22d ago

Update: Market Chatter: Sumitomo Chemical to Mass-Produce Halide Solid-State Battery Material by 2028

(Updates with response from the company)Sumitomo Chemical (TYO:4005) plans to mass-produce halide-based electrolyte material for solid-state EV batteries starting in fiscal 2028, Nikkei Asia reported on Tuesday.Developed with Kyoto and Tottori universities, the material matches the ionic conductivity of sulfide-based alternatives but avoids expensive humidity-controlled manufacturing, the news daily said.Its compatibility with existing lithium-ion production lines could accelerate adoption while lowering costs, the publication said.Sumitomo Chemical declined to comment to.(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:4005

Asia Markets22d ago

Singapore Shares Gain More Than 1% as AI Boom Extends; MetaOptics Soars 11%

Singapore shares extended gains on Wednesday, soaring more than 1% at the close, despite mixed results across the region as chipmakers influencing investor sentiment.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,483.04 and 5,595.42 throughout the day. It ended the session at 5,595.42, up 68.70 points or 1.2% compared to Tuesday's close.On the corporate front, shares of MetaOptics (SGX:9MT) surged over 11% at the close as it agreed to deploy its metalens direct laser writer system at the University of Arizona's Center of Semiconductor Manufacturing.First Sponsor (SGX:ADN) expects to recognize an impairment charge of roughly SG$36.7 million in its first-half financial statements following an adverse ruling by a court in Dongguan, China.Meanwhile, Lonza's (SGX:O6Z) attributable profit to equity holders during the first half of the year rose to 591 million Swiss francs from 426 million francs a year earlier.

^STISGX:9MTSGX:ADNSGX:O6Z

Treasury22d ago

Shuka Minerals Raises Funds via Share Subscription, Extends Loan Maturity

Shuka Minerals (SKA.L) conditionally raised 750,000 pounds sterling after Menel Energy and Resources subscribed for 18,750,000 new shares of the company at 0.04 pound per share.Subject to the completion of the subscription, the Africa-focused miner will grant Menel warrants to subscribe for up to an additional 18,750,000 shares at an exercise price of 0.08 pound per share, exercisable until July 8, 2029.Further, the Africa-focused miner amended the terms of a shareholder loan with Gathoni Muchai Investments to extend the maturity date to Dec. 31, 2027.The proceeds will be used to make repayments under the Gathoni Muchai Investments loan, for the drilling program at Kabwe, Zambia, and for general working capital purposes.

$SKA.L

Research22d ago

Krungsri Securities Upgrades TMBThanachart Bank to Buy from Neutral; Price Target is THB3.40

TMBThanachart Bank (BKK:TTB) has an average rating of hold and mean price target of 2.68 baht, 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)

BKK:TTB

Research22d ago

CGS International Upgrades Leeno Industrial to Add from Hold; Price Target is KRW102,000

Leeno Industrial (KOSDAQ:058470) has an average rating of overweight and mean price target of 124,600 South Korean won, 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)

KOSDAQ:058470

Asia22d ago

Uni-President Enterprises Unit Approves $10 Million Cash Dividend

Uni-President Enterprises (TPE:1216) subsidiary, Cayman President Holdings, resolved to distribute a cash dividend of $10 million, according to a Wednesday filing with the Taiwan Exchange.The disclosure was made on the behalf of Cayman President Holdings.

TPE:1216

Asia22d ago

ASE Technology Unit Buys Machinery, Equipment for NT$1 Billion

ASE Technology's (TPE:3711) unit Advanced Semiconductor Engineering acquired machinery and equipment for NT$1.1 billion.The purchases were made between Feb. 5 and July 22, from DTECH International, according to a Wednesday Taiwan Exchange filing.ASE Technology said the equipment will be used for production and operations.

TPE:3711

Asia22d ago

Market Chatter: TPG Angelo Gordon to Sell Grand Nikko Tokyo Daiba to Japan Hotel REIT

Private equity firm TPG Angelo Gordon is negotiating the sale of the Grand Nikko Tokyo Daiba hotel to Japan Hotel REIT Investment (TYO:8985) for 140 billion yen, Bloomberg News reported on Wednesday.The deal, if finalized by month-end, would surpass the previous domestic REIT record of 126 billion yen set in March, the news wire said.The asset was purchased for about 100 billion yen in 2024, though the transaction remains unconfirmed and could still collapse, the publication said.TPG declined to comment to.(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:8985

Research22d ago

BTIG Initiates Philip Morris International at Buy With $216 Price Target

Philip Morris International (PM) has an average rating of overweight and mean price target of $197.15, 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)

$PM

Asia22d ago

Wuhan Tianyuan Environmental Protection Convertible Bonds to Pay Interest

Wuhan Tianyuan Environmental Protection's (SHE:301127) 1-billion-yuan convertible corporate bond issuance will pay interest of 1%, according to a Tuesday after-hours filing with the Shenzhen Stock Exchange.The bonds, issued in 2023, will pay out interest of 10 yuan per 10 bond certificates with a face value of 1,000 yuan.Shares rose 2% during the closing bell on Wednesday.

SHE:301127

Research22d ago

BTIG Initiates Altria at Neutral

Altria (MO) has an average rating of hold and mean price target of $70.50, 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)

$MO

Research22d ago

Baird Initiates IBM at Neutral With $230 Price Target

IBM (IBM) has an average rating of overweight and mean price target of $264.10, 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)

$IBM

Research22d ago

Citigroup Downgrades Marsh & McLennan to Neutral From Buy, Price Target is $200

Marsh & McLennan Companies (MRSH) has an average rating of hold and mean price target of $201.52, 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)

$MRSH

Research22d ago

Jefferies Downgrades Amcor to Hold From Buy, Adjusts Price Target to $44.92 From $51.36

Amcor (AMCR) has an average rating of overweight and mean price target of $49.19, 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)

$AMCR

Asia22d ago

Staidson (Beijing) BioPharmaceuticals to List Shares Sold Via Private Placement

Staidson (Beijing) BioPharmaceuticals (SHE:300204) will list the 63.6 million shares issued to nine investors under a private placement on the Shenzhen Stock Exchange, according to a Tuesday after-hours filing.The biopharmaceutical company raised 1.23 billion yuan in net proceeds from the issuance. The shares were sold at 19.71 yuan apiece.Shares closed 3% higher on Wednesday.

SHE:300204

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