Saturday, December 28

Tag: Corporate Digests

Auto & Transport Roundup: Market Talk
25Oct By adminNo Comments
World

Auto & Transport Roundup: Market Talk

The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0644 GMT – Kuehne+Nagel International’s third-quarter earnings beat and cost-control should be seen by investors as positive, Citi analysts say in a note. The Swiss shipping and logistics company’s adjusted EBIT of 446 million Swiss francs surpassed the company-compiled consensus of CHF427 million thanks to stronger-than-expected pricing in both its sea and air freight segments, the analysts say. The company attained a conversion ratio of around 44% in its sea business, compared with a consensus of around 41%, while its 33% conversion ratio in its air freight business beat the consensus of around 30%. “We see the beat and cost-control likely to be ...
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Auto & Transport Roundup: Market Talk
24Oct By adminNo Comments
World

Auto & Transport Roundup: Market Talk

The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0355 GMT – Asia Aviation faces headwinds from rising jet fuel prices, intensifying competition and financial constraints, Thanachart Securities analyst Saksid Phadthananarak says in a research report. The brokerage lowers the stock’s target to THB1.80 from THB2.40 and maintains its sell rating. Airline operators like Asia Aviation are grappling with higher jet fuel prices, which have risen to US$111/bbl versus the average of US$103/bbl so far this year, and stronger competition as rivals ramp up passenger capacity, the analyst says. The Thailand-listed company’s funding sources for its THB2.5 billion and THB3 billion debt repayments due in 2024 and...
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Basic Materials Roundup: Market Talk
18Oct By adminNo Comments
World

Basic Materials Roundup: Market Talk

Updated Oct. 18, 2023 5:03 pm ETThe latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.1357 ET – Stepan Chief Executive Scott Behrens, a 30-year veteran of the chemicals maker, says the industry is coming out of an “unprecedented downturn.” Stepan makes surfactants, a key ingredient in cleaning and disinfection products and agricultural and oilfield solutions, and polyurethane polyols. “To see volume reductions of 10% to 20% in a calendar year is unprecedented — definitely in the surfactant market.” The downturn was driven by the hoarding of materials during the 2022 supply-chain challenges and inflation weighing on consumer demand. Shares rise 6.5% as the company eyes a recovery next year. (will.feuer@wsj.com; @Wil...
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Energy & Utilities Roundup: Market Talk
18Oct By adminNo Comments
World

Energy & Utilities Roundup: Market Talk

Updated Oct. 18, 2023 12:31 pm ETThe latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.1146 ET – European stocks drop as investors ponder the continuing shockwaves from Middle East unrest. The Stoxx Europe 600, FTSE 100, DAX and CAC 40 retreat about 1% and the Dow, S&P 500 and Nasdaq fall. Construction and property stocks are among the biggest losers and airlines and airports hit headwinds amid concerns about the impact of the Israel-Hamas conflict on air travel. “European markets are on the back foot as the Middle-East political temperature ratchets up further following the Gaza hospital bombing,” CMC Markets analyst Michael Hewson writes. “Reports of airport shutdowns in France due to terror threats, whi...
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Basic Materials Roundup: Market Talk
17Oct By adminNo Comments
World

Basic Materials Roundup: Market Talk

Updated Oct. 17, 2023 12:34 pm ETThe latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Tech, Media & Telecom Roundup: Market Talk
12Oct By adminNo Comments
World

Tech, Media & Telecom Roundup: Market Talk

Updated Oct. 12, 2023 5:01 pm ETThe latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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