Financial Wire

Financial News

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Research

Citi Upgrades Regis Resources to Neutral from Sell; Price Target is AU$8.10

Regis Resources (ASX:RRL) has an average rating of overweight and mean price target of AU$8.77, 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)

$ASX:RRL
Research

Citi Upgrades Perseus Mining to Buy from Neutral; Price Target is AU$7

Perseus Mining (ASX:PRU) has an average rating of overweight and mean price target of AU$7.08, 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)

$ASX:PRU
Research

Moelis & Company Upgrades Aspen Group to Buy from Hold; Price Target is AU$5.98

$ASX:APZ
Asia

MiTAC Logs NT$12.2 Billion Profit in March; Shares Rally 6%

MiTAC (TPE:3706) consolidated revenue of NT$12.2 billion for March, according to a filing with the Taiwan Stock Exchange on Thursday.Shares jumped over 6% in Friday's midday trade.The company did not provide year-on-year or monthly comparisons in the statement.

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Research

Jarden Securities Starts Aspen Group at Overweight with AU$5.65 Price Target

$ASX:APZ
Research

Jarden Securities Downgrades Orora to Neutral from Buy; Price Target is AU$1.80

Orora (ASX:ORA) has an average rating of hold and mean price target of AU$1.80, 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)

$ASX:ORA
International

Taiwan's Exports, Imports Rise in March

Taiwan's exports rose 61.8% year on year in March to a record $80.2 billion, while imports increased 38.3% on year to a record $58.9 billion, according to preliminary data released by the Ministry of Finance on Friday.Monthly, exports jumped 61% from February, while imports climbed 59.1%, the data showed.For January to March, cumulative exports totaled US$195.7 billion, up 51.1% from the same period a year earlier, while cumulative imports reached $142.8 billion, an increase of 34.8% from a year ago.

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Research

Huachuang Securities Starts XD at Strong Buy with HK$100.90 Price Target

XD (HKG:2400) has an average rating of buy and mean price target of HK$86.95, 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)

$HKG:2400
Research

Jefferies Upgrades PLS Group to Buy from Hold; Price Target is AU$6

PLS Group (ASX:PLS) has an average rating of hold and mean price target of AU$5.01, 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)

$ASX:PLS
Research

Affin Hwang Upgrades Genting Plantations to Buy from Hold; Price Target is MYR5.90

Genting Plantations (KLSE:GENP) has an average rating of overweight and mean price target of 5.56 ringgit, 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)

$KLSE:GENP
Asia

Glass Lewis Controversy Alert: TPI Polene

Glass Lewis issued a controversy alert for TPI Polene (BKK:TPIPL) shareholders ahead of the company's annual general meeting on April 24, according to a recent release.The alert relates to issues of corruption and environmental violations at the company.A criminal court convicted Prachai Leophairatana and the company in August 2025 for the joint use of 11 counterfeit land title deeds relating to mining operations.Leophairatana is up for election as director in the upcoming meeting.The company is also the subject of several civil judgments due to unlawful mining activities and is required to conduct large-scale environmental rehabilitation.TPI Polene could be fined more than 5.8 billion baht and additional interest if it fails to meet rehabilitation requirements.The company has started remediation measures and recognized about 479 million baht in provisions for mining-related litigation.The alert's rationale relates to potential material ESG risk and egregious governance practices and falls under environmental incident, other environmental issue, board effectiveness, ethics, and oversight issue.

$BKK:TPIPL
Asia

Orient Overseas Logs Nearly 8% Drop in Q1 Liner Revenue

Orient Overseas (International)'s (HKG:0316) liner revenue fell 7.6% year over year in the first quarter of 2026 to $2.14 billion, according to a Friday Hong Kong bourse filing.Total liftings increased by 1.7% and the loadable capacity jumped 4.3%, while the overall load factor was 2.1% lower than a year prior.Whereas, average liner revenue per twenty-foot equivalent unit (TEU) fell 9.1% year over year, the container shipping and logistics company said.

$HKG:0316
Research

Argonaut Securities Upgrades Monadelphous Group to Hold from Sell; Price Target is AU$28

Monadelphous Group (ASX:MND) has an average rating of hold and mean price target of AU$30.44, 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)

$ASX:MND
Asia

NIBE Unit Completes Divestment of Nibe Aeronautics; Shares Up 4%

Nibe Defence and Aerospace, a subsidiary of NIBE (BOM:535136), has completed the sale of its equity shares in Nibe Aeronautics to Ganesh Nibe, according to a BSE filing on Friday.The company has transferred 1.52 million shares to Ganesh Nibe, following which Nibe Aeronautics is no longer a subsidiary of Nibe Defence and, accordingly, ceases to be a step-down subsidiary of the company.The company's shares were up nearly 4% in recent trade.

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Equities

TotalEnergies Says Satorp Refinery Operations in Saudi Arabia Affected by Conflict

The operations at TotalEnergies' (TTE.PA, TTE.L) jointly owned Satorp refinery in Jubail, Saudi Arabia, were shut down after the site was attacked between Tuesday night and Wednesday amid the Middle East conflict.The incidents caused damage to one of the refinery's two processing trains. However, no casualties were reported, the oil giant said Friday, adding that it is evaluating the consequences for the refinery's operations.The refinery is 62.5% owned by Saudi Arabian Oil Co (SASE:2222), d/b/a Saudi Aramco, and the rest by TotalEnergies.

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Asia

Wasco Seeks Fresh Mandates for Share Buy-Backs and Related Party Transactions

Wasco (KLSE:WASCO) is seeking to renew its authorization to conduct revenue-generating transactions at its upcoming annual general meeting, according to a Thursday Malaysian bourse filing.Shares slid about 2% in Friday's midday trade.The conglomerate is also seeking its shareholders' nod to renew authority to purchase up to 10% of the issued shares of the company, according to a separate same-day filing.The company will share a statement containing details of the plans with shareholders in due time, it noted.

$KLSE:WASCO
Research

PhillipCapital Starts IX Biopharma at Buy with SG$1 Price Target

$SGX:42C
Commodities

Australia, Singapore Strike Energy Security Pact Amid Global Crisis

Australia and Singapore have pledged to safeguard the flow of essential fuels under an agreement to stabilize regional energy markets, according to a joint statement issued on Friday.The joint statement, issued by Prime Ministers Anthony Albanese and Lawrence Wong, addressed the acute energy crisis triggered by volatility in the Middle East and the tightening of global supply chains.The 'Comprehensive Strategic Partnership 2.0' agreement solidifies a critical reciprocal trade relationship between the two nations.Singapore currently serves as a primary source of refined petroleum products for Australia, while it remains a top-tier provider of liquefied natural gas to Singapore.The pact ensures Australia's LNG exports and Singapore's refined petroleum products remain shielded from global disruptions through enhanced coordination and a legally binding trade protocol.To operationalize this, ministers have been directed to conclude a legally binding Protocol to the Singapore-Australia free trade agreement, as per the statement.

Asia

Feng Tay Enterprises Logs NT$674 Million Profit in Q1

Feng Tay Enterprises (TPE:9910) reported consolidated net profit attributable to owners of the parent of NT$674 million for the first quarter of 2026, according to a filing with the Taiwan Stock Exchange on Thursday.Shares slid over 2% in Friday's midday trade.For March alone, the company posted operating income of NT$246 million and net profit before tax of NT$413 million.The company did not disclose comparative year-ago figures in the filing.

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Equities

ConocoPhillips Reportedly Explores Return to Venezuela for Oil Drilling

ConocoPhillips (COP) has sent a team to Venezuela to evaluate the prospects of oil drilling in the country, several media outlets reported Thursday, citing a company statement.The team is being sent to "better understand the potential for in-country oil and gas opportunities.... we will evaluate Venezuela against other international opportunities as part of our disciplined investment framework," said Dennis Nuss, a ConocoPhillips spokesman, according to BloombergThe company left Venezuela back in 2007 after its assets were nationalised, according to Reuters.ConocoPhillips did not immediately respond to a request for comment from.

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