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Jefferies Adjusts Price Target on EQT to $75 From $77, Maintains Buy Rating

EQT (EQT) has an average rating of overweight and mean price target of $69.85, 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)

$EQT

Asia34d ago

Shandong Weigao Blood Purification Redeems 285 Million Yuan from Three Cash Management Products

Shandong Weigao Blood Purification (SHA:603014) has so far redeemed 285 million yuan from three cash management products.The total returns for the three products reached 714,300 yuan, according to a Thursday filing with the Shanghai bourse.

SHA:603014

Equities34d ago

Jefferies Adjusts Price Target on EOG Resources to $175 From $170, Maintains Buy Rating

EOG Resources (EOG) has an average rating of overweight and mean price target of $159.50, 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)

$EOG

Research34d ago

BMO Capital Initiates Honeywell Aerospace at Outperform With $276 Price Target

Honeywell Aerospace (HONA) has an average rating of overweight and mean price target of $266, 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)

$HONA

Asia34d ago

Sepax Technologies Shareholder Plans to Trim Company Stake

Suzhou Sepax Technologies (SHA:688758) said a shareholder plans to reduce its holdings by 2.50% for funding arrangement reasons, according to a Shanghai bourse filing on Thursday.Anhui Tonghua High-Tech Center (Limited Partnership) will offload 10,411,601 shares through centralized bidding and block trades between July 23 and Oct. 22. It currently holds 7.46% of the company's total share capital, or 31,050,000 shares.The liquid chromatography materials producer's shares dropped 5% at the close.

SHA:688758

Asia34d ago

IFGL Refractories' Step-Down Czech Subsidiary Ceases Operations After Voluntary Liquidation

IFGL Refractories (NSE:IFGLEXPOR, BOM:540774) said its step-down subsidiary Hofmann Ceramic CZ s.r.o in the Czech Republic has completed voluntary liquidation, effective July 1.Following the completion, the company said the entity has been removed from the Commercial Register maintained by the Regional Court in Pilsen, Czech Republic.

BOM:540774NSE:IFGLEXPOR

Oil & Energy34d ago

Alsym Energy, Erity Sign 9 GWh Agreement to Deploy Batteries Across Mining Sector

US-based sodium-ion battery developer, Alsym Energy, and Australian mining consultancy Erity have entered an agreement to deploy nine gigawatt hours of battery energy storage across the global mining sector, Alsym Energy said Wednesday.The deal aims to address off-grid energy vulnerability in the mining industry, which currently consumes roughly 125 billion liters of diesel annually, as per the statement.Remote mining locations frequently rely on diesel generation for 30% to 50% of their total operating costs. This partnership aims to lower these overheads and scale down industry emissions, Alsym said.The initial rollout will focus on existing and pipeline mining sites managed by Volt Resources and Resource Minerals International across Tanzania, Saudi Arabia, Finland, and US, the company said.

Asia34d ago

Malaysian Shares End in Green, Snap Three-Day Losing Streak; MyTech's Shares Rally 14%

Malaysian shares rebounded on Thursday, erasing losses of the past three sessions. The investor sentiment turned positive on hopes of continued peace talks between the US and Iran.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 5 points to end 0.3% higher at 1,661.83.In local news, Malaysia's fuel subsidy may hit as much as 40 billion ringgit ($9.8 billion) this year if global energy prices stay high, more than double the 15 billion ringgit allocated in the 2026 budget, Reuters reported Wednesday, citing Prime Minister Anwar Ibrahim.In corporate news, shares of MyTech Group (KLSE:MYTECH) jumped about 14% on today's close after its moneylending unit, GW Premium Capital, had 8.4 million ringgit in outstanding unsecured loans as of June 30, with no loans in default.Shares of Reservoir Link Energy (KLSE:RL) gained about 2% on Thursday's close after its unit Reservoir Link Solutions has been named as a panel contractor by Petroliam Nasional to provide an integrated discovered resource assessment. The assessment is for a carbon capture utilization storage (CCUS) and contaminant project.Meanwhile, Stratus Global (KLSE:STRATUS) seeks to raise 285 million ringgit via an initial public offering on the Main Market of Bursa Malaysia, according to its Thursday prospectus. The IPO comprises a public issue of 356.3 million new shares at an issue price of 0.80 ringgit per share, the automation company said.

FTSE Bursa Malaysia KLCIKLSE:RLKLSE:STRATUS

Mining & Metals34d ago

FireFly Metals Posts Drilling Results from Green Bay Copper-Gold Project

FireFly Metals (FFM.TO) released drilling results demonstrating continuity of high-grade mineralization at the Green Bay Copper-Gold Project in Newfoundland and Labrador.The results extended the high-grade core zone and will be incorporated into an updated resource model supporting the economic studies, which will be completed July-August 2026, the company said Wednesday.Highlights of the results include 42.0 meters at 6.1% copper equivalent, including 9.8 meters at 16.5% CuEq; and 51.5 meters at 4.9% CuEq, including 17.0 meters at 9.1% CuEq.

$FFM.TO

Asia34d ago

Luxin Venture Capital's Shareholder Earns 166 Million Yuan After Disposing Part of Company Stake

Luxin Venture Capital Group's (SHA:600783) controlling shareholder earned 165.7 million yuan after disposing of 1% of the company's total shares, according to a Shanghai bourse filing on Thursday.Shandong Luxin Investment Holding Group sold 7,443,563 shares between June 3 and July 1 through centralized bidding. The transactions cut its stake to 66.37% from 67.37%.The Chinese venture capital company's shares fell 3% at the close.

SHA:600783

Mining & Metals34d ago

Hanmi Pharmaceutical Closes Acquisition of Aptose Biosciences

Hanmi Pharmaceutical subsidiary HS North America has completed its acquisition of all Aptose Biosciences (APS.TO) common shares it does not already own.Aptose shareholders will receive C$2.41 in cash per common share, representing a 28% premium over Aptose's 30-day volume weighted average price before the agreement was signed, the oncology company said Tuesday.Aptose common shares will be delisted from the Toronto Stock Exchange at market close on July 3.

$APS.TO

Asia34d ago

Lightstorm, Singtel, Microsoft to Launch India-Southeast Asia Submarine Cable

Lightstorm signed consortium agreements with Singtel (SGX:Z74) Microsoft and Tata Communications (NSE:TATACOMM, BOM:500483) to build a submarine cable system that will link India's east coast to Singapore and Malaysia.The 3,600-kilometer I-2SEA is expected to be service-ready by the fourth quarter of 2029 and is designed for AI workloads, according to a Thursday statement from the city-state's AI connectivity platform operator.Under the agreement, NEC Corp. (TYO: 6701) was named system supplier while ASEAN Cableship was the marine installation partner.

BOM:500483NSE:TATACOMMSGX:Z74TYO:6701

Asia34d ago

Huaibei Mining Completes Trial of Coal-Fired Power Plants

Huaibei Mining (SHA:600985) completed its 168-hour trial operation for its two 660-megawatt units of its ultra-supercritical coal-fired power generation unit project, according to a Thursday filing with the Shanghai bourse.Annual power generation for the units is expected at 5.94 billion kilowatt-hours.

SHA:600985

Asia34d ago

Singapore Shares Surge Over 1% as US-Iran Show Resolve to Continue Peace Talks

Singapore shares surged more than 1% at the close on Thursday with investors responding positively to the chances of the US and Iran continuing their peace dialogue.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,164.95 and 5,217.15 throughout the day. It ended the session at 5,217.15, up 55.65 points or 1.1% compared to Wednesday's close.In an official post on X, Pakistan's Ministry of Foreign Affairs revealed the two parties agreed to continue discussions following the funeral procession of the former Iranian Supreme Leader.On the corporate front, shares of Stoneweg Europe Stapled Trust (SGX:SET) were up nearly 3% at the close as its total portfolio valuation during the first half of the year rose 1.1% to 2.15 billion euros.CapitaLand Integrated Commercial Trust (SGX:C38U) closed over 1% higher as it completed the acquisition of Paragon.Meanwhile, shares of GuocoLand (SGX:F17) closed under 1% higher as it secured a SG$634.7 million green club facility from Oversea-Chinese Banking Corporation (SGX:O39) and Industrial and Commercial Bank of China's ( HKG:1398, SHA:601398) Singapore branch.

^STISGX:C38USGX:F17SGX:SET

Equities34d ago

BofA Double Upgrades Air Liquide to Buy Amid Record Electronics Backlog; Price Objective, Forecasts Up

BofA Global Research double-upgraded Air Liquide (AI.PA) to buy from underperform, noting the industrial gas company's record backlog in electronics."Air Liquide is the number one supplier of gases used in the semiconductor manufacturing process such as high purity nitrogen and noble gases. Our analysis concludes that the Electronics franchise is set to organically grow at c14% through 2026-30E, eﬀectively double the rate in consensus," analysts wrote in a Wednesday note. "We therefore see Electronics becoming an increasingly important contributor, driving c40% of our estimated 4.5% group organic growth in FY'27E and expect it also to be margin accretive."Looking ahead, the research firm said its EBIT projections for 2028 to 2030 are above the Visible Alpha-compiled consensus by 2%, 4%, and 5%, respectively. "Given the multi-year nature of fab construction, the benefit from Electronics backlog will become more apparent in later years," BofA added.The stock's price objective increased to 200 euros from 159 euros, as EPS forecasts for 2026 to 2028 rose to reflect the 1-for-10 free share attribution.

$AI.PA

Asia34d ago

Anderson Industrial Clarifies Report Projecting Profit Turnaround

Anderson Industrial (TPE:1528) said recent media reports on its backlog and operating target are "solely projections or speculations made by the media and market analysts."The Thursday filing on the Taiwan Exchange addressed a report from Industrial & Commercial Times that the company has an order backlog of NT$1.57 billion and was targeting a return to profitability this year.

TPE:1528

Asia34d ago

Matsui Securities Trading Revenue Up MoM in June

Matsui Securities' (TYO:8628) total equity trading value reached 13.931 trillion yen in June, up from 9.202 trillion the month prior, with a daily trading average of 633,219 yen.Revenue from commissions increased to nearly 3.1 billion yen from 2.56 billion yen the prior month, while FX revenue jumped to 496 million yen from 113 million yen, according to a Wednesday filing.The company added 12,797 new accounts during the month, bringing the total net increase to 11,611, while active margin accounts grew to 35,765.

TYO:8628

Commodities34d ago

Nuveen Closes $546 Million Preferred Equity Investment in Pattern Energy's Wind Project in New Mexico

Global investment management giant Nuveen said Wednesday it had closed a $546 million preferred equity investment in Pattern Energy's SunZia renewable energy project in New Mexico, which is currently the largest such project in the US.The investment also serves as Nuveen's largest preferred tax equity allocation to date, aimed at supporting the project's 3,650-megawatt wind farm, along with a 550-mile high-voltage direct current transmission line, delivering power across New Mexico, Arizona, and the entire western grid.According to the company's press release, the project is set to deliver more power than the Hoover Dam when at full capacity.Kenji Ogawa, SVP of Project Finance at Pattern Energy, said that Nuveen's investment was a vote of confidence in the project's fundamentals and execution.

Asia34d ago

Autel Intelligent Technology Re-Submits Hong Kong Listing Application

Autel Intelligent Technology (SHA:688208) re-submitted its application for an H-share offering and listing on the Main Board of Hong Kong bourse.The proposed listing remains subject to filings with relevant China and Hong Kong regulatory authorities, according to a Thursday filing with the Shanghai bourse.Shares of the automotive intelligent diagnostics, detection and analysis systems developer closed 4% lower Thursday.

SHA:688208

Equities34d ago

JPMorgan Adjusts Price Target on Valero Energy to $294 From $299, Maintains Overweight Rating

Valero Energy (VLO) has an average rating of overweight and mean price target of $269.88, 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)

$VLO

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