The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.
0631 GMT - TVS Motor's growth outlook across segments appears strong, based on management commentary, Nomura analysts say in a research report. Management sees double-digit growth in 2Q FY 2027 for India's two-wheeler industry, with TVS continuing to outperform peers. It sees strong export demand and expects the two- and three-wheeler manufacturer's entry into Latin America to drive growth further, the analysts note. The brokerage lifts its FY 2027 and FY 2028 revenue growth estimates for TVS Motor by 6% and 1%, respectively. It raises the stock's target price to 4,594.00 rupees from 4,105.00 rupees, with an unchanged buy rating. Shares are 1.1% higher at 3,951.90 rupees. (ronnie.harui@wsj.com)
0602 GMT - CH. Karnchang is likely to post a solid earnings compound annual growth rate of 9% over 2027-2029, ttb wealth securities' Saksid Phadthananarak says in a research report. One driver is revenue growth from the Thai construction company's recognition of its 157-billion-baht backlog at end-1Q, the analyst says. Another is potential new orders, notably 35 billion baht for double-deck expressway and 27 billion baht for South Purple Line system installation, as both are being developed by its 42%-owned Bangkok Expressway & Metro. However, the brokerage trims the stock's target price to 22.50 baht from 23.00 baht to reflect a valuation roll-over, with an unchanged buy rating. Shares are unchanged at 18.70 baht. (ronnie.harui@wsj.com)
0559 GMT - Entain's partial exit from its Central and Eastern European joint venture shows that the sum of the company's parts surpasses its current valuation, Berenberg analysts Jack Cummings and Luka Trnovsek write in a note. The U.K. sports-betting and gambling group, which houses British gambling brands Ladbrokes and Coral, agreed to sell a 20% stake in its Central and Eastern European unit--known as Entain CEE--to joint-venture partner EMMA Capital for around 425 million euros in cash in June. "The deal is highly accretive," they say. The analysts expect Entain to ultimately exit the CEE business and explore other options that could unlock further value via disposals. Shares closed at 5.49 pounds on Wednesday.(najat.kantouar@wsj.com)
0555 GMT - OUE Real Estate Investment Trust seems on track to deliver solid 2026 results, but some uncertainty could emerge in 2027, says DBS Group Research's Tabitha Foo in a note. That would depend on its progress in filling a soon-to-be-vacant space in Singapore mixed-use asset OUE Downtown, she says. Near-term earnings should be supported by contributions from a new Australian-asset stake and the hospitality segment's recovery. However, its 2027 core distributions could be weighed by the departure of OUE Downtown's largest tenant and the potential sale of another Singapore development, the analyst says. That drag could be mitigated slightly by planned special distributions over two years, she adds. DBS maintains a buy rating but is reviewing its S$0.45 target price. Units rise 4.1% to S$0.38. (megan.cheah@wsj.com)
0551 GMT - Moncler is likely to face a continued lull ahead amid weak tourist spending, analysts at Bernstein write in a note to clients. The Italian fashion group, known for its high-end winter puffer jackets, booked a slowdown in growth over the year's second quarter, it said in an update Wednesday. With tourist flows to Europe weakened by geopolitics, growth is likely to remain stifled until the colder months begin and shoppers switch to "buy now, wear now" spending, Bernstein says. (joshua.kirby@wsj.com; @joshualeokirby)
0503 GMT - Amata Corp.'s 2Q earnings are likely to get a boost from some tailwinds, UOB Kay Hian analysts say in a research report. These consist of higher land transfer revenue, better gross margin, and lower selling, general, and administrative expenses-to-sales, the analysts say. Also, the Thai industrial-estate developer's gross margin should improve, primarily thanks to a wider margin from its industrial-estate business. The brokerage lifts its earnings forecasts for Amata by 14.0% for 2026, 15.7% for 2027 and 8.0% for 2028. It raises the stock's target price to 35.00 baht from 26.00 baht, with an unchanged buy rating. Shares are 2.6% higher at 29.50 baht. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 23, 2026 02:31 ET (06:31 GMT)
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