-- Dayamitra Telekomunikasi (IDX:MTEL) has an average rating of overweight and mean price target of 707.50 rupiah, according to analysts polled by FactSet.
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Mitsui & Co., Logistics Partners, the asset manager of Japan Logistics Fund (TYO:8967), has resolved to change the REIT's asset management guideline, effective April 23.The changes aim to expand the REIT's investment opportunities by adding new asset classes to its real estate-related assets, including limited partnership interests in investment businesses that primarily invest in real estate-type assets, as well as monetary claims.Correspondingly, the revised guideline will update the REIT's portfolio construction policy and introduce new provisions for confirming matters related to the acquisition of these expanded asset types.The change is subject to shareholder approval of partial amendments to the Articles of Incorporation at the 16th general unitholders' meeting on that same day, according to a Tokyo bourse filing on Monday.
B2Gold (BTO.TO) late on Sunday provided an update on the near-term operational plan related to a fire in certain areas of the crushing circuit at the Goose Mine that occurred April 16.The Goose Mine has mobile crushers on site, and the preliminary operational plan is to utilize these to feed crushed ore directly to the fine ore stockpile. Additional temporary crushing capacity has been sourced and will be transported to site in the second quarter.A preliminary revised mill processing plan has been developed for the second quarter based on the use of mobile crushers while repairs to the affected crushing circuit are completed.The repairs are expected to be completed in the third quarter and are estimated to cost about C$10 million. The crushing circuit will be able to operate at an average daily capacity of about 3,200 tonnes per day by the end of the third quarter.Gold production is expected to continue at a reduced level than previously anticipated in the second quarter. B2Gold lowered its second-quarter gold production forecast to 18,000 to 20,000 ounces, a reduction of about 10,000 ounces from the previous forecast.The company reiterated full-year 2026 gold production guidance for the Goose Mine of 170,000 to 230,000 ounces. The impact of lower availability of crushed ore as a result of the fire is expected to be limited to the second quarter of 2026.The company's initial assessment was that the fire damage was localized to the crushing circuit area. There was no damage or impact to the mill or power facility.No injuries were reported and no medical treatment was required.
Asian stock markets tracked north on Monday, as traders weighed pending Tehran-Washington negotiations regarding the Persian Gulf, and revamped securities-industry rules issued late Friday in Beijing.Hong Kong, Shanghai and Tokyo finished in green, as did most other regional exchanges.In Japan, the Nikkei 225 opened higher and held ground, finishing up 0.6% as traders mulled the outlook for US and Iranian negotiations this week in Pakistan.The benchmark Nikkei 225 rose 348.99 to 58,824.89, as gaining issues outnumbered losers 123 to 98.Leading the upside was Renesas Electronics, up 6.4%, while Sumitomo Pharma declined 5.9%.In Hong Kong, the Hang Seng Index opened evenly and gained in trading, closing up 0.8% on investor acceptance of securities-industry rules changes in China.The broad gauge Hang Seng rose 200.74 to 26,361.07 as gaining issues outnumbered losers 61 to 28. The Hang Seng TECH Index gained 0.5% on the day, while the Mainland Properties Index rose 0.3%.Leading the upside was Xinyi Solar, gaining 6.2%, while PetroChina declined 3.3%.On the mainland, the Shanghai Composite rose 0.8% to 4,082.13.In industry news, the China Securities Regulatory Commission (CSRC) and other authorities late Friday announced changes to regulations to strengthen market supervision and attract long-term investment.In general, the new rules ease investment by "strategic investors," or institutional money, into Chinese public companies, particularly into the powerful, voting "A-share" class, but also tighten rules on the illegal selling of shares, and the practice of "auditor shopping" for accounting services.On the other regional exchanges, the S. Korean KOSPI rose 0.4%; the Taiwan TWSE inclined 0.4%; the Australian ASX 200 inclined 0.1%; the Singapore Straits Times Index rose 0.1%, and the Thai Set was steady. In late trading in Mumbai, the Sensex was down 0.1%The MSCI All Country Asia Pacific Index rose 0.3% on the day.