-- 长春微电子（港交所代码：3277）周五早盘在香港强势上市，首日开盘价较发行价上涨80.6%。 这家中国半导体公司以每股72港元开盘，而发行价为每股39.88港元。
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Asia
Bank of Queensland Faces Shrinking Volumes, Strategy Uncertainty Ahead of H1 Results, Jefferies Says
Bank of Queensland (ASX:BOQ) is heading into its first-half results with a contracting loan book, modest earnings outlook and lingering questions over strategy, margins and capital following its housing pullback and Challenger partnership, Jefferies said in a Thursday note.Jefferies expects broadly stable half-year earnings, with net interest margin edging down to about 1.7%, cash earnings up 1% to AU$185 million, pre-provision profit rising 9% to AU$298 million, and a AU$0.20 interim dividend.The firm noted that loan growth remains weak, with expectations of a further 2% decline in the loan book in the first half, extending a 6% contraction since the first half of 2023, as the company continues shifting away from housing toward higher-return business lending.The firm said that focus will also be on the capital partnership with Challenger, including sale and forward flow of its equipment finance book, expecting a AU$31 million hit to statutory earnings and seeking clarity on earnings benefits, transaction volumes, and potential cost savings.The firm added that margins and funding remain in focus, with deposit costs still weighing despite softer lending, and flagged deposit growth, pricing, and replicating portfolio benefits as key, while expecting a modest rise in bad debt charges.Jefferies kept an underperform rating on Bank of Queensland with a price target of AU$5.76.
$ASX:BOQ
Equities
Borouge, Wanhua Chemical's Unit to Establish Cracker, Polyethylene Complex JV in China
Borouge (ADX:BOROUGE) and Wanhua Chemical Group's petrochemicals and polyolefins unit, Wanrong New Materials, signed a joint venture deal to develop a cracker and polyethylene complex in Fujian, China.The Abu Dhabi-listed petrochemicals company and its Chinese partner will equally own the joint venture, according to a Friday release. The deal is subject to regulatory approvals.
$ADX:BOROUGE
Asia
Market Chatter: GIC-Backed Envision AESC Weighs Up to $2 Billion Hong Kong IPO
Envision AESC, an electric-vehicle battery maker backed by Singapore's sovereign wealth fund GIC, is considering a Hong Kong initial public offering that could raise between $1 billion and $2 billion, Bloomberg News reported Friday, citing people familiar with the matter.The company is working with banks on the potential share sale, which could take place as soon as this year, the report said.Deliberations are reportedly ongoing, and details, including the size and timing of the offering, may change.Envision AESC operates manufacturing facilities across the U.S., the U.K., France, Spain, China, and Japan, and supplies batteries to major global automakers.(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.)
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