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Euro Manganese Amends Facility with Orion to Strengthen Financial Position

Euro Manganese (EMN.V) has amended its facility with Orion OMRF, which is managed by the Orion Resource Partners Group, to convert the outstanding loan amount into a royalty once the company satisfies a fundraise condition.The amended facility will help Euro Manganese's balance sheet and improve its financing flexibility as it advances the Chvaletice manganese project in the Czech Republic, the battery materials company said Friday.Following the conversion, the royalty increased to a range of 2.29%-2.46% of project revenues, which will be calculated quarterly based on achieved prices for the project's manganese products, Euro Manganese said.

$EMN.V

Muyuan Foods Warns of Swing to H1 Loss

Muyuan Foods (HKG:2714, SHE:002714) expects an attributable loss of between 5.7 billion yuan and 6.7 billion yuan in the first half of 2026, compared with an attributable profit of 10.5 billion yuan a year prior.The pork producer attributed the forecast to a significant decline in the selling price of hogs.

HKG:2714SHE:002714

China Hongqiao Forecasts 39% Boost in H1 Profit

China Hongqiao Group (HKG:1378) expects a 39% year-over-year increase in net profit for the six months ending June 30, a Hong Kong bourse filing on Friday said.The aluminum products company attributed the anticipated rise in profit mainly to a higher sales prices of its aluminium alloy products.

HKG:1378

MTY Food Group Q2 Adjusted Earnings, Revenue Decline, Miss Estimates

MTY Food Group (MTY.TO) Q2 adjusted earnings fell to C$0.97 per diluted share, from C$1.17 per diluted share, in the prior year period.Analysts polled by FactSet had forecast adjusted earnings of C$1.12 per share for the quarter ended May 31.Company revenue declined 8.2% to C$279.9 million over the same period, missing the C$292.5 million forecast. The decline was mainly due to lower revenue from corporate stores and from turnkey projects, MTY said.The company, which announced a strategic review last November, said Friday that it is closing 68 of its corporate locations, which had combined losses of over C$10 million in the last 12 months. MTY is negotiating early termination of the leases, which could cost between C$10 million and C$12 million.Macro-economic conditions continue to create short-term headwinds for its business, including increases in oil and gas prices, which it believes has impacted consumer spending in its restaurants.MTY Foods will pay a regular quarterly dividend of C$0.37 per share on Aug 14, to shareholders of record on Aug 4.

$MTY.TO

CLSA Upgrades Wynn Macau to Accumulate from Hold; Price Target is HK$5.50

Wynn Macau (HKG:1128) has an average rating of overweight and mean price target of HK$6.99, 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:1128

HSBC Starts Yangtze Optical Fibre And Cable JSC at Buy with 489 Yuan Price Target

Yangtze Optical Fibre And Cable Joint Stock Company (HKG:6869) has an average rating of overweight and mean price target of HK$255.59, 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:6869

Pou Sheng International's Revenue Drops Nearly 9% in June

Pou Sheng International (Holdings) (HKG:3813) recorded an operating revenue of nearly 1.08 billion yuan in June, down 8.6% from 1.18 billion yuan a year earlier, according to a Friday Hong Kong bourse filing.For the six months ended June 30, the sportswear retailer's operating revenue declined 2.1% to 8.96 billion yuan from 9.16 billion yuan in the year-ago period.

HKG:3813

US Markets29d ago

WD-40 Raises Full-Year Outlook as Fiscal Third-Quarter Results Increase; Shares Up Pre-Bell

WD-40 (WDFC) shares jumped early Friday as the company upgraded its full-year outlook after opting to retain its Americas homecare and cleaning businesses and reported higher fiscal third-quarter results.The lubricant and cleaning product maker now expects fiscal 2026 adjusted earnings of $6.05 to $6.35 a share on net sales of $652 million to $667 million, it said late Thursday. The company previously projected EPS at $5.75 to $6.15 on sales of $630 million to $655 million. Four analysts surveyed by FactSet are looking for EPS of $6.07 on sales of $675.1 million.The revised guidance includes about $12 million in sales and $0.17 in EPS related to the reclassification of the Americas homecare and cleaning brands to assets held for use from assets held for sale, according to a statement.WD-40 shares were up nearly 15% in premarket activity Friday. So far this year, the stock has jumped 22%.Last fiscal year, the company announced its intent to sell its homecare and cleaning brands in the Americas and the UK. WD-40 completed the divestiture of the UK homecare and cleaning brands in August."After extensive engagement with potential buyers, it became clear that the current macro environment was not conducive to divesting of these brands as a bundle," Chief Financial Officer Sara Hyzer said during an earnings conference call late Thursday, according to a FactSet transcript. "As a result, we are no longer actively marketing these brands for the foreseeable future, and have reclassified these assets as held for use."For the three months through May, the company reported a 51% annual increase in adjusted EPS to $2.33, while two analysts polled by FactSet expected $1.57. Net sales advanced 24% to $195.1 million, compared with the $172.8 million consensus based on three analysts.Revenue from maintenance products grew 26% to $189.7 million, while homecare and cleaning sales dropped 17%."Our strong performance was driven by double-digit growth across all three trade blocs and continued progress in our Must-Win Battles, delivering solid double-digit year-to-date growth in geographic expansion, WD-40 Specialist, premiumized products, and e-commerce," Chief Executive Steve Brass said in an earnings release.

$WDFC

Earnings Flash (MTY.TO) MTY Food Group Inc. Posts Q2 Adjusted EPS C$0.97 per Share

$MTY.TO

Earnings Flash (MTY.TO) MTY Food Group Inc. Reports Q2 Revenue C$279.9M

$MTY.TO

UBS Downgrades Dicker Data to Neutral from Buy; Price Target is AU$12

Dicker Data (ASX:DDR) has an average rating of overweight and mean price target of AU$11.31, 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:DDR

Tisco Securities Upgrades Delta Electronics Thailand to Hold from Sell; Price Target is THB305

Delta Electronics Thailand (BKK:DELTA) has an average rating of hold and mean price target of 329.56 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:DELTA

Tisco Securities Upgrades KCE Electronics to Hold from Sell; Price Target is THB33.50

KCE Electronics (BKK:KCE) has an average rating of hold and mean price target of 35.68 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:KCE

SinoPac Upgrades KMC Kuei Meng International to Buy from Neutral; Price Target is NT$103

TPE:5306

Ciptadana Sekuritas Starts VKTR Teknologi Mobilitas at Buy with IDR900 Price Target

IDX:VKTR

Market Chatter: SoftBank, PayPay Consider Acquiring Stake in Seven & i

SoftBank Corp. (TYO:9434) and its unit PayPay Corporation are considering acquiring several hundred billion yen worth of stake in Seven & i (TYO:3382), Bloomberg News reported Friday, citing people familiar with the matter.Under the deal, the telecommunications company and the mobile payments operator are expected to acquire new shares issued by the Japanese retailer, the report said.(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:3382TYO:9434

^DFMGI^FADGIFTSE 100^SSMI^SXXP^TASI

SinoPac Upgrades Bora Pharmaceuticals to Buy from Neutral; Price Target is NT$537

Bora Pharmaceuticals (TPE:6472) has an average rating of overweight and mean price target of NT$496.86, 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)

TPE:6472

Equities29d ago

IEA: US-Iran Conflict Re-escalation Could Upend Expected Oil Market Surplus in 2027

The expected oil market surplus in 2027 could be upended by the recent re-escalation of the US-Iran conflict after the interim ceasefire deal was breached, leading to a renewed increase in oil prices, according to the International Energy Agency.In its July oil market report published Friday, the IEA said global oil demand is on the road to recovery, expecting it to increase by more than 8 million barrels per day by October from a low of 97.9 million barrels per day in May. Nonetheless, the agency forecasts demand will decline by 1 million barrels of oil per day in 2026 before rebounding by 2 million barrels per day in the next year.Meanwhile, global supply is projected to drop by an average of 3.7 million barrels of oil per day to 102.6 million barrels per day in 2026, assuming that renewed hostilities between the US and Iran quickly de-escalate. Looking ahead, supply is anticipated to increase by 7.5 million barrels per day next year if transit volumes rise."While the global oil market balance looks set to swing back to surplus towards the end of the year, the forecast hinges on the assumption that tanker flows through the [Strait of Hormuz] will gradually recover, allowing producers to restart fields and refiners in the Middle East and elsewhere to resume product shipments. Renewed exchanges of fire in the Gulf this week highlight the risks of not reaching a lasting peace agreement, which is a must for the normalisation in oil markets," the IEA noted.