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Sinomine Resource Offloads African Inkalmo Mining for $20 Million

Sinomine Resource (SHE:002738), through its subsidiaries, agreed to sell African Inkalamo Mining for $19.5 million, according to a Tuesday disclosure on the Shenzhen bourse.The subsidiaries, Sinomine Hong Kong Rare Earth Resources and Sinomine International (Zambia) Engineering will offload 99% and 1%, respectively, of their stake in the Zambia-based company to Sino Great Chemical and individual investor Huang Yaochi.African Inkalamo owns a large-scale mining area with 2.78 million tons of rare earth oxides and 21.82 million tons of associated apatite phosphate ore resources. The license is valid until Dec. 23, 2049.The lithium-ion battery raw materials manufacturer's shares rose 2% at the close.

SHE:002738

Commodities23d ago

Asia Biofuels Update: Palm Oil Falls on Lower Crude Oil, Profit-Taking

Malaysian palm oil futures retreated on Tuesday as crude oil prices eased and as traders took profits after prices reached near four-month highs.The Bursa Malaysia Derivatives' August crude palm oil contract dropped 1.05% to 4,520 Malaysian ringgit ($1,104.57) per metric ton. The September contract fell 1.13% to 4,556 ringgit/mt.US-Iran mediation efforts following renewed tensions pressured crude oil prices, dampening biofuel competitiveness and weighing on the palm oil market.Reports of mixed export trends in Malaysia also pressured sentiment. AmSpec Agri Malaysia reportedly estimated a 0.9% month-over-month decline in July 1-20 shipments. Intertek Testing Services approximated a 4.1% rise.In Indonesia, analysts expect that exports will decline as domestic consumption increases with the implementation of a higher 50% palm-based biodiesel blend.Nonetheless, the Coordinating Ministry for Economic Affairs, as cited by Antara, said that B50 will not reduce the country's palm oil shipments as the government seeks to maintain a balance between domestic and international trade.While Indonesia's exportable supplies remain uncertain, long-term supply tightening is still expected as hot and dry weather from a developing El Nino weather phenomenon will likely impact yields.Malaysia's meteorological agency told Reuters that record-high temperatures in the country, exceeding the 1998 record of 40.1 degrees Celsius, are likely next year as the El Nino episode peaks between March and May 2027.As weather-related supply risks will largely impact 2027 yields, Malaysia's 2026 output could remain strong, potentially reaching the 20-million-ton mark, a Bloomberg Intelligence report said. This could bring the country's domestic stocks to a record high this year as exports remain below production levels.In the near term, bearish factors, mainly ample supply and weak demand, are expected to dominate the latter part of July, according to market intelligence provider SunSirs."Technical analysis indicates that palm oil prices remained at low-to-mid levels in early July, with room for further decline," the firm said, highlighting that "overall upward momentum is expected to slow" toward the end of the month.

Research23d ago

Kenanga Investment Bank Upgrades Velesto Energy to Outperform from Market Perform; Price Target is MYR0.32

Velesto Energy (KLSE:VELESTO) has an average rating of overweight and mean price target of 0.32 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:VELESTO

Asia23d ago

Fitch, S&P Assign BBB+ Ratings to Fubon Life Singapore's Proposed US Dollar Bonds

Fitch Ratings and S&P Global Ratings have assigned BBB+ ratings to Fubon Life Singapore's proposed US-dollar tier 2 subordinated dated capital bonds, according to recent releases.Fubon Life Singapore is a wholly owned offshore special purpose vehicle of Taiwan-based Fubon Life Insurance.The proposed bonds serve as the direct, unsecured, and subordinated obligations of the issuer, Fitch said.The parent guarantees full payment of the principal and interest, which is reflected in S&P's rating.Fitch rates the bonds a notch below the parent's A- issuer default rating, stemming from its "below average" recovery prospects for subordinated bonds with an operating company guarantor in case of a default.S&P has an equivalent rating on the subordinated bond to that on Fubon Life's subordinated obligations, considering the subordinated guarantee.

^STITaiwan Weighted

Research23d ago

Phillip Capital Starts 99 Speed Mart Retail Holdings at Buy with MYR4.35 Price Target

99 Speed Mart Retail Holdings (KLSE:99SMART) has an average rating of overweight and mean price target of 4.02 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:99SMART

Equities23d ago

Aldrees Petroleum Posts Higher H1 Attributable Profit, Revenue

Aldrees Petroleum and Transport Services (SASE:4200) said Tuesday that attributable profit and revenue for the first half grew year over year.Net profit attributable to shareholders of the issuer for the six months ended June 30 was 234.1 million Saudi riyals, compared with 197.7 million riyals earlier. EPS moved to 2.34 riyals from 1.98 riyals.The Saudi Arabia-listed gasoline service station operator's revenue was 14.16 billion riyals, compared with 12.04 billion riyals a year ago.

SASE:4200

Insider Trading23d ago

PriceSmart Insider Sold Shares Worth $3,980,010, According to a Recent SEC Filing

Robert E Price, 10% Owner, Director, on July 16, 2026, sold 21,254 shares in PriceSmart (PSMT) for $3,980,010. Following the Form 4 filing with the SEC, Price has control over a total of 1,637,793 common shares of the company, with 80 shares held directly and 1,637,713 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1041803/000119312526309191/xslF345X05/ownership.xml

$PSMT

Commodities23d ago

Correction: Berkeley Energia Estimates Maiden Mineral Resource for Conchas Project in Spain

(Corrects mineral resource estimate and adds additional details)Berkeley Energia (BKY.L, BKY.MC) on Tuesday outlined a maiden mineral resource estimate for its wholly owned Conchas project in Spain.The mining company estimated a mineral resource of 11.8 million tonnes at 0.41% lithium oxide and 0.21% rubidium oxide, containing 49,000 tonnes of lithium oxide and 25,200 tonnes of rubidium oxide.The company plans to continue advancing the project, including additional infill drilling to increase the resource classification, and further metallurgical test work to improve the flotation and magnetic separation processes.

$BKY.L$BKY.MC

Insider Trading23d ago

ZeroStack Insider Bought Shares Worth $3,479,013, According to a Recent SEC Filing

Michael Heinrich, Director, Executive Chairman, on July 20, 2026, executed a purchase for 4,608,575 shares in ZeroStack (ZSTK) for $3,479,013. Following the Form 4 filing with the SEC, Heinrich has control over a total of 4,608,575 common shares of the company, with 4,608,575 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1790169/000091228226000998/xslF345X05/form4.xml

$ZSTK

Insider Trading23d ago

BillionToOne Insider Sold Shares Worth $1,821,628, According to a Recent SEC Filing

Nancy JoAnn Johnson, Senior Vice President of Sales and Commercial Operations, on July 16, 2026, sold 14,199 shares in BillionToOne (BLLN) for $1,821,628. Following the Form 4 filing with the SEC, Johnson has control over a total of 6,900 Class A common shares of the company, with 6,900 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/2070849/000207084926000044/xslF345X05/wk-form4_1784590690.xml

$BLLN

Oil & Energy23d ago

EMEA Oil Update: Crude Futures Ease as Markets Weigh Middle East De-Escalation

Crude prices pulled back slightly on Tuesday as diplomatic de-escalation efforts in the Middle East offered temporary relief to energy markets, even as the conflict and shrinking US strategic reserves keep supply risk premiums elevated.Brent crude futures fell 0.9% to $88.40 per barrel, while Murban crude futures eased by 0.2% to $81.60/bbl."Oil prices have eased amid hopes of some de-escalation between the US and Iran. Yet risks to Saudi oil exports from the Red Sea are increasing," ING analysts said.On diplomatic front, a senior Iranian official reportedly said that Tehran received a mediator-backed proposal for a 10-day ceasefire.Despite ceasefire discussions, military action has not abated.The US Central Command confirmed via X that a fresh wave of strikes was launched against Iran targeting military capabilities used to disrupt commercial shipping in the Strait of Hormuz.On the supply side, the US Department of Energy released data showing that Strategic Petroleum Reserve inventories dropped by 5.1 million barrels over the week ending July 17, falling to 311.4 million barrels down from 316.5 million barrels the prior week, highlighting ongoing draws on emergency stockpiles as the market navigates the supply shock.TPH Energy noted that higher crude prices drove renewable diesel margins higher, lifting renewable fuel stocks by 7.1% over the past week.

Commodities23d ago

TXNM Energy, Blackstone Delay Merger Over Scrutiny of Stock Trade

TXNM Energy (TXNM) said Friday it has delayed its planned merger deal with Blackstone (BX) Infrastructure through which Blackstone is set to acquire its outstanding common stock.The termination date under the agreement has now been set to May 31, 2027, giving the parties more time to secure regulatory approvals.The deal has already been approved by TXNM shareholders, the Public Utility Commission of Texas, the Federal Energy Regulatory Commission, the Federal Communications Commission and under the waiting period required by the Hart-Scott-Rodino Antitrust Improvements Act.Among outstanding regulatory approvals are that of the Nuclear Regulatory Commission and the New Mexico Public Regulation Commission. The latter has been paused until a report is filed to show compliance with a commission order regarding a 2025 stock transaction between TXNM and Blackstone Infrastructure, the statement said.TXNM Energy said it has entered into a $400 million term loan in order to unwind "the voided 2025 stock transaction." TXNM Energy will now issue common stock to repay the term loan.Both TXNM Energy and Blackstone will file a compliance report to the NMPRC before the end of this month, prompting them to adjust their estimated merger closure to H1 2027.

$BX$TXNM

Asia23d ago

SCB X's Attributable Profit Drops in Q2

SCB X's (BKK:SCB) attributable profit to equity holders dropped to 11.2 million baht, down from 12.8 million baht a year earlier, according to a Tuesday filing with the Thailand Exchange.Earnings per share came in at 3.30 baht, versus 3.80 baht in the year-ago period, the financial technology group said.

BKK:SCB

Insider Trading23d ago

Accelerant Holdings Insider Sold Shares Worth $1,291,823, According to a Recent SEC Filing

Jeffrey L Radke, 10% Owner, Director, Co-Founder, Chief Executive Officer, on July 17, 2026, sold 94,777 shares in Accelerant Holdings (ARX) for $1,291,823. Following the Form 4 filing with the SEC, Radke has control over a total of 28,430,765 Class A common shares of the company, with 333,652 shares held directly and 28,097,113 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1997350/000162828026048906/xslF345X05/wk-form4_1784595119.xml

$ARX

Insider Trading23d ago

Madrigal Pharmaceuticals Insider Sold Shares Worth $1,368,253, According to a Recent SEC Filing

William John Sibold, Director, President and Chief Executive Officer, on July 17, 2026, sold 2,500 shares in Madrigal Pharmaceuticals (MDGL) for $1,368,253. Following the Form 4 filing with the SEC, Sibold has control over a total of 209,329 common shares of the company, with 209,329 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1157601/000162828026048919/xslF345X05/wk-form4_1784596610.xml

$MDGL

Insider Trading23d ago

SharkNinja Insider Sold Shares Worth $38,752,500, According to a Recent SEC Filing

Mark Barrocas, Director, Chief Executive Officer, on July 17, 2026, sold 250,000 shares in SharkNinja (SN) for $38,752,500. Following the Form 4 filing with the SEC, Barrocas has control over a total of 1,996,659 ordinary shares of the company, with 1,996,659 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1957132/000090883426000354/xslF345X05/form4.xml

$SN

Research23d ago

SAC Advisors Starts ISDN Holdings at Buy with SG$0.97 Price Target

SGX:I07

Asia23d ago

South Korean Shares Rebound as Bargain Hunting Pushes Tech Stocks Higher

South Korean shares stopped their two-day losing streak and closed sharply higher on Tuesday, after investors took to bargain-hunting, with a particular focus on technology stocks.The Korea Composite Stock Price Index, or Kospi, increased by 231.68 points, or 3.6%, to end at 6,747.95. The Kosdaq also rose by 3.7 points, or 0.5%, to close at 753.34.In corporate news, Samsung Electronics' (KRX:005930) US unit, Samsung Electronics America, launched its first credit card called the Galaxy Card in the U.S., according to a Tuesday release.The Samsung Galaxy Card, issued by Barclays US Consumer Bank on the Visa network, will take applications from Wednesday, July 22, the release said.Shoppers can also apply for the card at Samsung retail stores and receive an extra $200 cash bonus after spending $2,000 within the first 90 days of opening the account.Shares of Samsung Electronics added over 6% at market close.In other news, Fitch affirmed KB Financial Group (KRX:105560) subsidiary Kookmin Bank's long-term issuer default rating (IDR) at A and short-term IDR at F1+ with a stable outlook.The ratings agency on Monday also affirmed the Korean bank's government support rating (GSR) and viability rating (VR) at a.Fitch expects the bank's underlying profitability to remain above 2% over the next two years, aided by moderate loan growth, cost discipline and a stabilizing net interest margin. In addition, the bank's strong domestic banking franchise, along with its diverse products and solutions, is expected to raise business volumes and lead to resilient near-term earnings.Shares of KB Financial Group added over 3% at market close.

^KOSDAQKOSPIKRX:005930

Research23d ago

CGS International Downgrades Oversea-Chinese Banking to Hold from Add; Price Target is SG$28.40

Oversea-Chinese Banking (SGX:O39) has an average rating of overweight and mean price target of SG$27.51, 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)

SGX:O39

Asia23d ago

Kanger International Completes Private Placement of 92.7 Million Shares; Shares Zoom 20%

Kanger International (KLSE:KANGER) listed and quoted 92.7 million shares on the ACE Market of Bursa Securities on Tuesday, according to a same-day filing.The construction and healthcare company undertook the private placement of up to 10% of its total issued shares.Shares of the company soared over 20% in Tuesday trading.

KLSE:KANGER

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Commodities23d ago