Financial Wire

Hangzhou Jingye Intelligent Technology Forecasts Jump in 2026 Related Party Transactions

-- Hangzhou Jingye Intelligent Technology (SHA:688290) forecasts 2026 routine related party transactions of 350 million yuan, up from 14.1 million yuan in 2025.

The transactions include purchasing goods and services from CNNC subsidiaries, according to a Monday filing with the Shanghai bourse.

Shares of the robot maker rose 1% Monday.

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S&P Assesses GOHL Capital Holdings' Proposed Hybrids as Having Intermediate Equity Content

S&P Global Ratings has assessed GOHL Capital Holdings' proposed subordinated perpetual capital securities issuance as having intermediate equity content, according to a Monday release.S&P believes that 50% of the proposed issuance would be considered as debt.Genting Overseas Holdings, which is wholly owned by Malaysia-based Genting (KLSE:GENTING) and serves as its investment holding vehicle for international investments, will act as the guarantor for the hybrid securities.S&P considers Genting Overseas Holdings as a core subsidiary of its parent, with extraordinary support to be received under any foreseeable scenario.Genting provides a keepwell deed for the hybrids, pointing to the parent's commitment to support the subsidiary's and group's overall credit quality, S&P said.

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Asia Markets

US Equity Investors to Focus on Geopolitical Risk While Earnings Season Gathers Momentum

US equity investors will focus on mounting geopolitical risk in the Middle East while keeping an eye on Q1 earnings and retail sales.* Iran vowed retaliation after the US Navy seized an Iranian cargo ship in the Gulf of Oman, endangering the planned second round of negotiations in Pakistan this week to find a lasting solution for peace for Tehran, according to multiple media reports.* US Vice President JD Vance and top US officials were expected to travel to Islamabad, but Iran's foreign ministry insisted there were no plans for talks, CNN reported. The ceasefire, which the US and Iran have accused each other of violating, expires on Wednesday.* After scaling fresh records on Friday amid optimism that an Iran peace deal could materialize without extending the two-week ceasefire, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average futures slumped early on Monday amid concerns of an escalation of the war in the Middle East.* West Texas Intermediate crude oil futures soared 7.2% to $89.92, and Brent crude futures jumped 6.3% to $96.10 pre-bell. Reflecting the potential impact of elevated crude oil prices on inflation, gold futures dropped 1.5% to $4,808.8, and silver futures slumped 3% to $79.37 early Monday. Similarly, most US Treasury yields rose, with the 10-year up 2.2 basis points to 4.27% and the two-year jumped 3.5 basis points to 3.74%.* The highlight of quarterly earnings this week will be Tesla (TSLA) as well as some technology names such as Intel (INTC), IBM (IBM), Lam Research (LRCX), Texas Instruments (TXN), and SAP (SAP). Other mega-caps expected to report this week include American Express (AXP), GE Vernova (GEV), Boeing (BA), and United Health (UNH).* In US macroeconomic data, investors will focus on retail sales, S&P Global manufacturing and services PMIs, ADP employment change, initial jobless claims, and the final read on Michigan consumer sentiment alongside Michigan inflation expectations for one and five years ahead.

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Research

Wells Fargo Upgrades Biogen to Overweight From Equalweight, Adjusts PT to $250 From $200

Biogen (BIIB) has an average rating of overweight and mean price target of $210.96, 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)

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