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Marathon Petroleum (MPC) has an average rating of overweight and mean price target of $246.65, 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)
TSI Holdings (TYO:3608) said it signed a memorandum of understanding to acquire Toyo Enterprise and Lei Lani Trading, according to a Friday filing on the Tokyo Stock Exchange.The company plans to buy 88% of Toyo Enterprise and 100% of Lei Lani Trading, with acquisition prices yet to be determined.TSI Holdings expects the deal to strengthen its brand portfolio and expand its presence in the American casual wear segment, leveraging Toyo Enterprise's heritage brands such as Tailor Toyo and Buzz Rickson's.
Itochu-Shokuhin (TYO:2692) is set to go private as a tender offer by G.K. FMDI was completed after acquiring 4.8 million shares, exceeding the minimum threshold, according to a Friday filing on the Tokyo Stock Exchange.The transaction gives G.K. FMDI a 37.6% stake in Itochu-Shokuhin, making it a major shareholder from April 16.ITOCHU, the parent group of Itochu-Shokuhin, together with its unit, plans to pursue additional steps to take full ownership of the company, which could lead to its delisting from the Tokyo Stock Exchange.
Hong Fok (SGX:H30) bought back 71,500 shares in the open market on Friday for around SG$66,031, according to a same-day after-market filing with the Singapore Exchange.To date, the property investment company has bought back over 11.6 million shares.
Vin's Holdings (SGX:VIN) is looking to raise between SG$3 million and SG$5 million through the issuance of its three-month commercial paper series 002, according to a Friday filing with the Singapore Exchange.Proceeds raised from the issuance will be used for general working capital, the filing added.
KWG Group (HKG:1813) recorded a pre-sales value of 352 million yuan in March, down 56% from a year prior, according to a Friday Hong Kong bourse filing.The property firm's pre-sales area also fell 43% year over year to roughly 14,500 square meters.
Autodesk (ADSK) has an average rating of buy and mean price target of $334.89, 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)
Chevron (CVX) has an average rating of overweight and mean price target of $208.54, 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)
(Corrects month in the headline)Confirming the flash estimate, Germany's annual inflation rate increased to 2.7% in March from 1.9% in February, final data from the country's Federal Statistical Office showed Friday.On a monthly basis, consumer prices were up 1.1%, matching the preliminary reading and against the previous 0.2% uptick.The annual harmonized inflation rate for March was also confirmed at 2.8%, compared with 2% earlier. Meanwhile, harmonized consumer prices were affirmed to be 1.2% higher month over month, against the previous reading of a 0.4% gain.
Singapore shares recorded gains on Friday to end the week in green, as the Asian market reacted positively to a tentative geopolitical de-escalation in the Middle East ahead of the highly anticipated talks between the US and Iran in Islamabad.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,973.10 and 4,999.30 throughout the day. It ended the session at 4,989.41, up 12.33 points or nearly 0.3% compared to Thursday's close.On the corporate front, shares of BH Global (SGX:BQN) were down nearly 7% at the close as it proposed to renew its share buyback mandate.Metis Energy (SGX:L02) closed over 2% higher as it reported three consecutive years of pre-tax losses for its three most recent financial years.Meanwhile, shares of City Developments (SGX:C09) were nearly flat as it established a SG$2 billion multicurrency perpetual bonds issuance program.
Zhejiang CONBA Pharmaceutical (SHA:600572) unit Hangzhou Konzern obtained a registration certificate for telmisartan and amlodipine tablets from China's drug regulator.The tablets are a combination drug for essential hypertension, according to a Friday filing with the Shanghai bourse.
Fitch Ratings has changed the outlook on Meituan's (HKG:3690) long-term issuer default rating to negative from stable while maintaining the rating at BBB+, according to a recent release.The outlook revision stems from a slower-than-expected rebound in the Chinese e-commerce platform's profitability and free cash flow (FCF), following aggressive competition in food delivery amid subsidy efforts.Fitch sees dampened near-term earnings visibility due to high subsidy spending, while FCF will only be positive in 2027 if there is significantly less competition.The affirmation points to Fitch's belief that the company will continue its recovery trajectory, albeit delayed.The company's leading market position in the country's local services sector and efficiency advantage will anchor the recovery, Fitch said.The company's net cash position should also help in cushioning near-term earnings constraints, the rating agency said.Material changes in the company's EBITDA trajectory, net cash position, or FCF could result in future rating actions.
Huhtamaki India (NSE:HUHTAMAKI, BOM:509820) has set April 23 as record date to determine shareholder eligibility to receive a final dividend of 2 rupees per share, according to an Indian bourse filing on Friday.Shares of the company rose over 2% in recent trade.
Ajmera Realty & Infra India (NSE:AJMERA, BOM:513349) recorded an 8% growth in its sales to 2.70 billion Indian rupees in the fiscal fourth quarter ended March 31, from 2.50 billion Indian rupees a year ago, according to a Friday filing to the Indian stock exchanges.Collections during the March quarter rose 74% year on year to 3.16 billion rupees from 1.82 billion rupees, the filing said.During the full year ended March 31, the real estate developer achieved its highest-ever annual pre-sales of 17.0 billion Indian rupees, up 57% over the previous year.Collections during the year jumped 71% year-on-year to 11.0 billion rupees.The company's shares were up nearly 1% in recent trade.
ServiceNow (NOW) has an average rating of buy and mean price target of $179.90, 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)
Sherwin-Williams (SHW) has an average rating of overweight and mean price target of $385.75, 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)
NIKE (NKE) has an average rating of overweight and mean price target of $61.63, 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)
TotalEnergies (TTE) said Friday the SATORP refinery in Saudi Arabia was impacted by the recent Middle East conflict, damaging a processing train.Although there were no casualties, the units were shut down as a safety precaution, the company said.SATORP is jointly owned TotalEnergies and Saudi state oil giant Aramco.
City Union Bank (NSE:CUB, BOM:532210) has opened a new branch at West Mambalam in Chennai, India on Friday, according to a same-day filing to the Indian bourses.With this, the lender's branch network has increased to 950, the filing said.Shares of the company rose nearly 2% in recent trade.