The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.
0619 GMT - Rising raw material costs stemming from higher oil prices are likely to hit Li Ning's results in 1Q next year, say UOB Kay Hian's Stella Guo and Shirley Wang in a note. The sportswear maker anticipates rising costs to have limited impact in 2026, as material orders have already been placed, the analysts say. Should higher raw material prices persist, Li Ning's footwear category could be more pressured than its apparel products, the analysts add. UOB Kay Hian retains its earnings estimates for 2026 and 2027 but flags potential risks from lower-than-expected retail sales growth or deeper discounts. The brokerage retains a buy rating and HK$24.70 target price. Shares are up 0.2% at HK$20.12.(megan.cheah@wsj.com)
0616 GMT - China's producer price index likely to rise further in the next two years, according to Goldman Sachs economists in a research note. As GS raises its crude oil price forecasts by more than 10% on low flows through the Strait of Hormuz and based on oil price's pass-through, it revises its forecasts for China PPI for 2026 and 2027 to 1.2% and 0.9%, respectively, from 1.0% and 0.6%. GS keeps its consumer price index forecasts unchanged, as oil price pass-through to CPI is likely to be limited comparatively to PPI. Other disinflationary factors, such as lower pork prices, should provide some offset, they note. (tracy.qu@wsj.com)
0601 GMT - TSMC is able to provide performance upgrades at a reasonable cost, Morningstar analyst Phelix Lee says in a research note. TSMC said its new A13 chip doesn't require it to purchase ASML's most advanced ultraviolet lithography units, known as high-NA EUV machines, due to its high cost, the analyst points to the company's recent commentary at its annual symposium in Santa Clara. "We believe TSMC is keeping its options open to adopt high-NA tools in the A10 node by being tight-lipped on A10," the analyst says. Lee thinks TSMC may order the EXE:5200D 2029 model from ASML to evaluate cost-effectiveness. Morningstar views TSMC's shares as attractive, given ongoing concerns about competition from Intel. TSMC's shares closed 3.7% higher at NT$2,265.00. (sherry.qin@wsj.com)
0555 GMT - Mahindra & Mahindra Financial Services' asset quality improvement looks positive, JM Financial Institutional Securities analysts say in a research report. Its asset quality remains at cycle-best levels with creation of prudential overlay of around INR2.17 billion in 4Q FY2026 amid macroeconomic uncertainties rather than underlying stress, the analysts say. This led to higher provisioning coverage ratio of around 58.6%, strengthening the non-banking financial company's balance-sheet buffers. Also, management targets mid-to-high teens growth in assets under management over the medium-term, driven by micro-, small- and medium-sized enterprises and the mortgage segment. The brokerage upgrades the stock's rating to buy from add and raises the target price to INR350.00 from INR320.00. Shares are 9.2% higher at INR321.45. (ronnie.harui@wsj.com)
0503 GMT - KCG Corp.'s 1Q earnings could grow 19% on year, thanks to new product launches and cost savings, ttb wealth securities' Pattadol Bunnak says in a research report. The food-and-bakery products manufacturer is seeing good growth from the business-to-business and business-to-consumer customer segments, owing to success of its strong and proactive management team, the analyst says. In 1Q, the Thai company developed formulas for trending products as ingredients to bakery makers. Its EBIT margin likely expanded to 8.5% in 1Q from 7.7% a year earlier as it automates its workforce and invests in research and development for product reformulation. The brokerage raises the stock's target price to 12.00 baht from 11.30 baht with an unchanged buy rating. Shares are 0.5% higher at 9.80 baht. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 27, 2026 02:19 ET (06:19 GMT)
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