-- Consumer stocks were mixed Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) dropping 1.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.4%.
In corporate news, Somnigroup International (SGI) on Monday agreed to acquire bedding and furniture components maker Leggett & Platt (LEG) in an all-stock deal worth about $2.5 billion. Somnigroup shares rose 3%, and Leggett & Platt jumped 14%.
Hefei Chipmore Technology (SHA:688352) plans to invest up to 800 million yuan in idle funds to purchase low-risk, short-term wealth management products, including structured deposits, time deposits and certificates of deposit.The funds can be used on a rolling basis over 12 months, according to a Monday filing with the Shanghai bourse.Shares of the integrated circuit packaging and testing services provider closed 2% higher Monday.
Amusement and anime holding company Koei Tecmo (TYO:3635) has raised its attributable profit forecast for the fiscal year 2025 to 41.5 billion yen from 27 billion yen previously, according to a Tokyo bourse filing on Monday.Interim net income per share estimates for the year ended March were increased to 127.68 yen from 85.49 yen initially, but the net sales projection decreased to 87.5 billion yen from 92 billion yen.The upward revision was driven by new titles launched in the fourth quarter and other titles exceeding initial plans, which boosted net sales and operating profit.Additionally, significant gains in non-operating income and expenses resulting from active market management further lifted ordinary profit and profit attributable to owners of the parent.As a result, net sales, ordinary profit, and attributable profit are all expected to achieve record levels for the company.
Dayamitra Telekomunikasi (IDX:MTEL) has an average rating of overweight and mean price target of 707.50 rupiah, 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://www..com/contact-us)