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Automated Systems Warns of H1 Loss

Automated Systems (HKG:0771) expects an attributable loss of between HK$290 million and HK$310 million for the six months ended June 30, compared with attributable profit of HK$41.5 million a year prior.The IT company attributed the forecast to a net non-cash charge expected to be recognized related to the company's interest in associate Grid Dynamics Holdings, according to a Tuesday Hong Kong bourse filing.

HKG:0771

Great Harvest Maeta CEO Resigns

Great Harvest Maeta (HKG:3683) said Lam Kwan resigned as chief executive officer, effective July 14, to focus on other personal commitments, according to a same-day Hong Kong bourse filing.

HKG:3683

Research27d ago

RBC Initiates Ur-Energy at Outperform With $1.75 Price Target

Ur-Energy (URG) has an average rating of buy and mean price target of $2.25, 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)

$URG

Beijing Urban Construction Design & Development Names New Chairman

Beijing Urban Construction Design & Development Group Co (HKG:1599) appointed executive director Xia Xiujiang as chairman, effective July 14, according to a same-day Hong Kong bourse filing.Xia succeeds Pei Hongwei, who resigned as chairman and executive director last week due to changes in his work arrangements.

HKG:1599

Union Semiconductor (Hefei) to Inject Capital Into Second-Level Subsidiary

Union Semiconductor (Hefei) (SHA:688403) subsidiary Hefei Jingruiwang Electronics will invest 680 million yuan in second-level subsidiary Zhenglong Xinchuang Microelectronics, according to a Tuesday filing with the Shanghai bourse.The funds will help contribute to the construction of the HITS advanced packaging R&D and industrialization project, with a total investment of 7.5 billion yuan.

SHA:688403

Shanjin International Gold Expects Up to 55% Rise in H1 Profit

Shanjin International Gold (SHE:000975) forecasts a 47% to 55% rise in its net attributable profit to between 2.35 billion yuan and 2.48 billion yuan in the first half from 1.60 billion yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.The gold mining expects earnings per share to increase to between 0.8472 yuan and 0.8941 yuan from 0.5747 yuan a year earlier.Shanjin Gold attributed the expected rise to higher mineral product sales prices.

SHE:000975

Mitsui Chemicals' US Unit to Establish Holding Company Before Ultradent Products Acquisition

Mitsui Chemicals' (TYO:4183) wholly owned subsidiary Mitsui Chemicals America will establish a U.S. holding company in July to support its planned acquisition of Ultradent Products, according to a Tokyo bourse filing on Tuesday.The holding company, called MC Dental Holdings America, will acquire and manage Ultradent Products' shares and business assets and lead post-merger integration after the transaction is executed, the filing said.MC Dental Holdings America will also be designated as a specified subsidiary of Mitsui Chemicals.Shares of Mitsui Chemicals rose nearly 4% at market close.

TYO:4183

Fujian Haixi Pharmaceuticals Gets China Nod for Glioblastoma Drug Trial

Fujian Haixi Pharmaceuticals (HKG:2637) obtained approval for an investigational new drug application for a clinical trial of HXP089.The drug has been developed by the company to treat glioblastoma, according to a Tuesday Hong Kong bourse filing.

HKG:2637

Mining & Metals27d ago

Pulsar Helium Closes Fundraise

Pulsar Helium (PLSR.V) has conditionally closed a fundraise of 25.4 million offer shares for gross proceeds of 19.0 million British pounds, the company said Monday.The shares were priced at 0.75 pounds, or about C$1.43, per offer share.

$PLSR.V

Taiwan Surface Mounting Unit Grants Plant Preparation Deals Worth NT$717 Million

Taiwan Surface Mounting Technology (TPE:6278) unit TSMT Vietnam has awarded plant preparation contracts worth NT$717.4 million to expand the second phase of its factory.The deals were awarded to Xinxin Vietnam Construction, and Taichuang Engineering Viet Nam, according to a Tuesday Taiwan Exchange filing.The contracts, signed between Nov. 28, 2025, and July 13, 2026, are intended to support the unit's production and operations.

TPE:6278

Sectors27d ago

Commerzbank Sees Middle East Tensions Driving Treasury Selloff; Waller Flags Near-Term Rate-Hike Risk

Treasuries extended their selloff in Asian trading as Brent crude climbed to $85 per barrel amid escalating military action in the Middle East, according to a note from Commerzbank. The US dollar weakened.President Donald Trump reiterated that the U.S. will control the Strait of Hormuz and be reimbursed for securing it. A US blockade is reportedly set to begin on Tuesday, said Commerzbank. Airstrikes have resumed and Trump has formally notified Congress of the renewed military campaign.Meanwhile, Federal Reserve Governor Christopher Waller said a hotter-than-expected core inflation reading this week could prompt the central bank to consider a rate hike "in the near term." European Central Bank policymaker Isabel Schnabel highlighted the eurozone's key structural challenges, including geopolitics, demographics, fiscal sustainability, innovation, and access to risk capital.In Europe, the European Commission is considering broader banking reforms, according to a Bloomberg-cited draft set for release Friday. British Finance Minister Rachel Reeves is expected to reaffirm the government's fiscal rules and underscore policy credibility in her final Mansion House speech, added the bank.In Asia, Finance Minister Satsuki Katayama proposed tax-free investment accounts for Japanese government bonds, while GPIF is set to review its strategic asset allocation. China's trade surplus climbed to its second-highest level on record as both exports and imports beat expectations, said Commerzbank.

$CXY$USD

Research27d ago

Stephens Downgrades W.W. Grainger to Equalweight From Overweight, Price Target is $1,355

W.W. Grainger (GWW) has an average rating of hold and mean price target of $1,267.62, 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)

$GWW

HSBC Adjusts Price Target on Occidental Petroleum to $68 From $73, Maintains Buy Rating

Occidental Petroleum (OXY) has an average rating of overweight and mean price target of $65.30, 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)

Stephens Adjusts Price Target on Occidental Petroleum to $69 From $71, Maintains Overweight Rating

Capital One Adjusts Price Target on Occidental Petroleum to $67 From $68, Maintains Equalweight Rating

JPMorgan Adjusts Price Target on Occidental Petroleum to $60 From $63, Maintains Neutral Rating

Mining & Metals27d ago

GUIDANCE: (MATR.TO) Mattr Corp. Expects Q2 Revenue Range C$390.0M - C$400.0M

$MATR.TO

Market Chatter: Samsung Explores Potential US Stock Listing Amid Renewed Interest

Samsung (KRX:005930) is in early-stage talks with banks about a possible American depositary receipt offering, though no final decision has been made, Bloomberg News reported on Tuesday, citing persons familiar with the matter.The company is weighing factors such as volatile memory chip stocks and potential challenges from its complex business structure and ongoing labor disputes, the news wire said.While Samsung previously passed on similar opportunities, the successful US listing of rival SK Hynix (KRX:000660) has prompted the company to revisit the idea, though current efforts remain exploratory, the publication said.Samsung did not immediately reply 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.)

KRX:000660KRX:005930