CelcomDigi is expected to deliver stronger operating expense savings after the completion of its IT platform upgrade in 1Q next year, RHB IB analyst Jeffrey Tan says in a note. He expects earnings to grow 18.4% in 2027 after a 2.20% decline this year, supported by lower operating costs and greater…
CelcomDigi Target Price Cut to MYR3.50 From MYR3.60 by RHB IB >6947.KU
Japan remains a potential source of global market volatility as yen weakness persists alongside rising long-end JGB yields, OCBC strategists say. Perceptions that the BOJ is behind the curve is fueling depreciation pressure on the yen, and OCBC reckons investors may see future rate hikes as driven…
Australian shares slipped for a second session Tuesday, with the ASX 200 easing 40 points, or 0.4%, to 8,791 in Tuesday morning deals.Losses were broad-based across non-energy minerals, electronic tech, energy, and consumer names, as investors remained cautious ahead of key June CPI and PPI prints…
The slowdown in Japan's wage growth in May is unlikely to deter the Bank of Japan from raising rates further, says Abhijit Surya at Capital Economics in a commentary. Preliminary estimates released earlier showed Japan's labor cash earnings growth slowed to 3.2% in May from 3.6% in April, the senio…
Lynas's partnership agreement with South Korean magnet producer JS Link is "an incremental positive and a supportive sentiment driver," says Morgan Stanley. The arrangement helps lock in outside-China demand for future neodymium-praseodymium volumes, MS says. That is important for Lynas's ramp-up t…
2103 ET - Bitcoin rises in early Asian trade, gaining 0.6% to $64,167.13. The cryptocurrency's recent gains are driven by the softer-than-expected U.S. jobs print for June, which immediately eases rate hike pressure, Sygnum Bank chief investment officer Fabian Dori says. Still, while growing rate c…
Gold steadied around $4,150 an ounce on Tuesday after a volatile start to the week, as investors awaited the minutes of the Federal Reserve’s June meeting for fresh clues on the outlook for interest rates.Data released last week showed US job growth slowed sharply in June, while payroll figures for…
Brazilian power firm Equatorial BMFBOVESPA:EQTL3 and Spain's Iberdrola BME:IBE are in talks with Enel MIL:ENEL to buy assets of the Italian firm in Brazil, Brazilian newspaper Valor Economico reported on Monday, citing sources.
Iran's Revolutionary Guards fired at least two missiles at commercial ships transiting through the Strait of Hormuz, leaving two vessels with significant damage but there were no casualties, Axios reported on Monday, citing a U.S. official.
By Rocky SwiftJapanese government bond (JGB) yields held near multi-decade highs on Tuesday as fiscal and inflation concerns loomed before a sale of super-long-term debt.Here are a few details:($1 = 162.1500 yen)
Mont Royal Resources ASX:MRZ is best understood as a pre-revenue critical minerals developer whose value is overwhelmingly tied to Ashram in Québec rather than to near-term cash flow. The core bull case is that Ashram is large enough and strategically relevant enough to matter as Western supply cha…
The yen consolidates against the dollar and other currencies amid mixed developments. On the one hand, "concerns over fiscal expansion [in Japan] and perceptions that the BoJ is still behind the curve have kept depreciation pressure on the JPY," two strategists at OCBC Group Research say in a resea…
Live cattle futures on the Chicago Mercantile Exchange closed narrowly mixed on Monday as pressure from last week's lower cash trades and a jump in feedgrain futures offset support from tight cattle supplies, traders said.CME's benchmark August live cattle CME:LE1! futures contract settled down 0.1…
Energy Transfer LP NYSE:ET:
SpaceX on Monday announced a new plan to build an AI-focused data center and confirmed it is proceeding as scheduled with deorbit operations for about 100 first-generation Starlink satellites, according to 36Kr. The company said it plans to construct the data center in the U.S. Midwest to support A…
Even Realities said on July 6 that it has raised $150 million in a Pre-B round at a post-money valuation of more than $1 billion, becoming a unicorn, according to 36Kr. The round was co-led by Meituan Longzhu and Meituan Strategic Investment, with Tencent and other existing shareholders participati…
Northern Minerals: Will Provide Relevant Share Registry Info to Australia Treasury
The Shanghai Gold Exchange said it has approved the admission of Hong Kong Precious Metals Central Clearing System Co., Ltd. as an international member, according to 36Kr. The exchange disclosed the decision in a notice dated July 7.
2020 ET - Japanese shares are lower in early trade, led by losses among technology and chip-related names. "The profitability of AI investment is still a risk factor to monitor," two strategists at BofA Securities Japan say in a recent research report. "We also need to assess the underlying traject…
