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Kolon Industries Signs Deal With IMM PE for Display, Chip Materials Business Sale

Kolon Industries (KRX:120110) signed a binding memorandum of understanding (MoU) with IMM Private Equity as it pursues the sale of its display coating solutions and chip packaging materials businesses, according to a Monday filing with the Korea Exchange.Kolon Industries said it will provide an update once a final agreement is signed or within three months. The disclosure came in response to the stock exchange's request for clarification on market rumors and media reports, the filing said.Shares of the chemical and textile manufacturing company fell over 4% at market close.

KRX:120110

Asia27d ago

China Shares Fall as Tensions Flare Over Hormuz Strait; Fiberhome Telecommunication Technologies Plunges 10%

Chinese equities closed deep in negative territory on Monday as tensions rose over the Strait of Hormuz following fresh hostilities between the U.S. and Iran.The Shanghai Composite Index, the main gauge of Chinese stocks, closed 2.1% lower at 3,913.79. The Shenzhen Component Index plunged 3.5% to 14,522.85.The U.S. launched fresh strikes on Iran Sunday evening, extending a days-long exchange of attacks. Within hours, Iran's Islamic Revolutionary Guard Corps claimed it had struck U.S. military facilities in Kuwait, Jordan and Bahrain, BBC News reported.The escalating violence jeopardizes June's interim U.S.-Iran deal, as Tehran says it has closed the Strait of Hormuz indefinitely, while Washington maintains it remains open, according to the report.Meanwhile, Chinese financial regulators are cracking down on local rating agencies' AAA or risk-free ratings for high-interest borrowers because of concerns that the bloated ratings could mislead smaller investors.China's central bank mandated domestic debt watchers to review high credit ratings, especially for bonds with higher yields compared with government debt.In company news, Fiberhome Telecommunication Technologies (SHA:600498) agreed to acquire the remaining 60% stake in 40%-owned Fujikura FiberHome Optoelectronic Materials Technology for 500.2 million yuan. Shares of the telecommunications equipment company closed 10% lower Monday.

Shanghai Composite^SZSESHA:600498

Asia27d ago

Hyundai Motor Suspends Operations Amid Partial Strike

Hyundai Motor (KRX:005380) has suspended operations in its Ulsan plant and other business sites due to a partial strike, according to a Monday filing.Segments impacted by the production suspension include automobile manufacturing, maintenance, and sales.The suspension of work will last until Wednesday, affecting two shifts of two hours each.The pause in production will impact sales equivalent to about 78.767 trillion won, the company said.Shares of the company were down nearly 4% in recent trade.

KRX:005380

Asia27d ago

Fiberhome Telecommunication to Buy Remaining 60% Stake in Fujikura FiberHome Optoelectronic Materials; Shares fall 10%

Fiberhome Telecommunication Technologies (SHA:600498) agreed to acquire the remaining 60% stake in 40%-owned Fujikura FiberHome Optoelectronic Materials Technology.The company will pay sellers Fujikura Japan and Fujikura China a total of 500.2 million yuan in cash.Fujikura FiberHome Optoelectronic Materials Technology specializes in optical fiber preform production.Shares of Fiberhome Telecommunication Technologies fell 10% in recent trade.

SHA:600498

Asia27d ago

First Financial Logs NT$3 Billion Profit in June

First Financial (TPE:2892) posted June net profit of about NT$3 billion, according to a Monday Taiwan Exchange filing.For the first half of 2026, net profit amounted to NT$17.8 billion, with earnings per share of NT$1.24.The company did not disclose comparative year-ago figures in the filing.

TPE:2892

Asia27d ago

Wisdom Marine Lines Cancels Order to Purchase Bulk Carriers Worth Nearly $71 Million

Wisdom Marine Lines Co (TPE:2637) has cancelled an order worth up to $70.8 million for the acquisition of two bulk carriers from shipbuilder Naikai Zosen, according to a Monday filing to the Taiwan stock exchanges.In March 2025, the company had initially agreed to acquire two 39,000 deadweight-tonnage bulk carriers for around $35.4 million each from Naikai Zosen.The purchase did not go through as the parties did not reach a consensus, Wisdom said in the filing.As the agreement was not executed and no payment was made, no material impact is expected on the company's financial or business operations.The dry bulk carrier operator's shares were up 2% in recent trade.

TPE:2637

Asia27d ago

SD Biosensor Extends KRW117.3 Billion Loan to Subsidiary Meridian Bioscience

SD Biosensor (KRX:137310) extended a 117.3 billion won loan to its subsidiary, Meridian Bioscience, according to a filing with the Korea Exchange on Monday.The loan will be used to partially repay Meridian Bioscience's borrowings from financial institutions, reducing financing costs and strengthening its financial stability, the filing said.The loan, which carried an interest rate of 4.90%, is valid from July 20, 2026, to July 20, 2029.Shares of SD Biosensor fell over 2% at market close.

KRX:137310

Asia27d ago

Yuanta Financial Books NT$7.51 Billion Profit in June

Yuanta Financial (TPE:2885) posted net profit of NT$7.51 billion for June, according to a Monday Taiwan Exchange filing.For the first half of 2026, net profit attributable to the parent amounted to NT$36.6 billion, with earnings per share of NT$2.74.The company did not disclose comparative year-ago figures in the filing.

TPE:2885

Oil & Energy27d ago

EMEA Oil Update: Brent Nears $80 Following Weekend US-Iran Retaliation

Crude oil futures surged more than 4% on Monday as conflicting claims over the passage through the Strait of Hormuz and US-Iran military hostilities reignited fears of prolonged energy supply disruptions.Brent crude futures rose over 4% to $79.09 per barrel, while Murban crude futures gained 4.4% to $74.10/bbl."Further escalation in the Persian Gulf has oil prices moving higher amid renewed concerns over flows through the Strait of Hormuz," ING analysts said.US Central Command reportedly confirmed that forces completed another massive wave of precision strikes on Sunday, hitting dozens of targets across multiple locations in Iran.In response, Iran's Islamic Revolutionary Guard Corps reportedly said Monday it had launched retaliatory attacks against US military bases in Kuwait and Bahrain, deepening fears that the conflict could expand to target neighboring countries and critical regional energy infrastructure.Iran has claimed that the Strait of Hormuz is officially shut until further notice. While the US pushed back directly, asserting it will actively ensure the freedom of international navigation, SEB analysts noted the ground reality heavily contradicts Washington's optimism.The sudden escalation has already slowed commercial vessels transiting the narrow waterway.Multiple media outlets reported that US officials are demanding Iran issue a public statement declaring the Strait of Hormuz open to safe transit.According to RBC Capital Markets strategists, global energy markets must now brace for a prolonged period of high volatility as these unfolding hostilities threaten to completely dismantle the fragile recovery in commercial vessel traffic.ING analysts noted that a large share of market participants are choosing to remain on the sidelines until clear physical traffic patterns emerge.

Asia27d ago

Shenghe Resources Sees Up to 147% Profit Jump in H1; Shares Slide 8%

Shenghe Resources (SHA:600392) expects its attributable net profit for the first half to surge between 112% and 147% year over year, to about 800 million yuan to 930 million yuan, according to a Shanghai bourse filing on Saturday.Net profit a year earlier was 376.9 million yuan.The Chinese rare earth miner attributed the growth to positive demand for major rare earth materials and higher selling prices of its products.Shenghe's shares fell 4% recently.

SHA:600392

Asia27d ago

LTM Partners With Anthropic to Expand Enterprise AI Adoption; Shares Up 3%

LTM (NSE:LTM, BOM:540115) has partnered with Anthropic to help enterprises deploy Claude AI tools across engineering, software modernization and business workflows.LTM will integrate Claude, Claude Code and Claude Cowork into its AI delivery platform and train thousands of Claude-certified architects and forward-deployed engineers to support enterprise implementations, according to a Monday Indian stock exchange filing.The companies will also establish a Claude Center of Excellence focused on developing AI solutions, reference frameworks and governance practices around responsible AI use, data privacy and model management.Shares of the company jumped over 3% in recent trade.

BOM:540115NSE:LTM

Research27d ago

Arihant Capital Markets Upgrades Indian Bank to Buy From Accumulate; Price Target is INR1,062

Indian Bank (NSE:INDIANB, BOM:532814) has an average rating of overweight and mean price target of 996 Indian rupees, 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)

BOM:532814NSE:INDIANB

Asia27d ago

Founder Technology Forecasts Up to 265% Profit Surge in H1; Shares Slide 8%

Founder Technology (SHA:600601) expects its attributable net profit for the first half to surge between 196% and 265% year over year, to about 337.4 million yuan to 457.4 million yuan, according to a Shanghai bourse filing on Saturday.The Chinese printed circuit board maker attributed the growth to increased orders for high-end products under its main PCB business.Founder's shares fell 8% recently.

SHA:600601

Research27d ago

UOB Kay Hian Upgrades Bumrungrad Hospital to Buy From Hold; Price Target is THB236

Bumrungrad Hospital (BKK:BH) has an average rating of buy and mean price target of 205.34 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:BH

Research27d ago

UOB Kay Hian Upgrades Betagro to Buy From Hold; Price Target is THB24.80

Betagro (BKK:BTG) has an average rating of overweight and mean price target of 23.23 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:BTG

Asia27d ago

Lungyen Life Service's June Revenue Drops 8%

Lungyen Life Service (TWO:5530) posted June consolidated revenue of NT$282 million, down 8.3% from NT$307.5 million a year earlier, according to a Monday Taiwan Exchange filing.Revenue for the first six months of 2026 totaled NT$2.05 billion, down 12% from NT$2.33 billion in the corresponding period last year, the funeral and cemetery services company said.

TWO:5530

Asia27d ago

TSMC June Revenue Surges 68% to NT$442.7 Billion

Taiwan Semiconductor Manufacturing Co. or TSMC's (TPE:2330) net revenue for June 2026 came in at NT$442.7 billion, surging 67.9% from a year ago, according to a Monday filing with the Taiwan Stock Exchange.Taiwanese multinational semiconductor contract manufacturing and design company's aggregated net revenue for the first six months of the year totaled NT$2.404 trillion, an increase of 35.6% from the same period a year ago.The company's shares were up 1% in recent trade.

TPE:2330

Research27d ago

UOB Kay Hian Upgrades Thaifoods Group to Buy From Hold; Price Target is THB12.40

Thaifoods Group (BKK:TFG) has an average rating of overweight and mean price target of 11.37 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:TFG

Research27d ago

Krungsri Securities Downgrades Charoen Pokphand Foods to Neutral From Buy; Price Target is THB21

Charoen Pokphand Foods (BKK:CPF) has an average rating of overweight and mean price target of 23.11 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:CPF

Research27d ago

MIDF Amanah Investment Bank Downgrades Sarawak Plantation to Neutral From Buy; Price Target is MYR3.98

KLSE:SWKPLNT

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