The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.
0647 GMT - Bumitama Agri's stock has scope for further valuation rerating if the palm oil producer is able to deliver consistent earnings growth, says DBS Group Research's William Simadiputra in a note. Crude palm oil prices are likely to remain above US$1,000 a metric ton through 2027, boosted by El Nino-related supply risks and elevated crude oil prices, he says. The analyst expects the company to have a solid performance in 2026, citing its ability to preserve margins despite external fruit purchases and rising fertilizer prices. DBS raises the stock's target price to 3.00 Singapore dollars from S$2.30 after rolling forward its valuation and maintains a buy rating. Shares are down 1.8% at S$2.16. (megan.cheah@wsj.com)
0547 GMT - Nordic markets are seen opening slightly higher with IG calling the OMXS30 up 0.4% at around 3284. Brent crude hit $108 yesterday, but has since fallen by around $2 following reports that the U.S. and Iran are discussing a deal to reopen the Strait of Hormuz, SEB macro strategist Gustav Helgesson writes. The global rise in bond yields continues, particularly in the U.S., where the 10-year yield touched 5.2% yesterday and the 30-year reached 5.5%, he adds. "Despite an unusually warm reception, there were few new concrete agreements during China's first state visit to the U.S. in ten years." U.S. and European equity futures point to a positive opening. OMXS30 closed at 3271.26, OMXN40 at 2614.61, and OBX at 2012.06. (dominic.chopping@wsj.com)
0527 GMT - HelloFresh cut its full-year outlook after its back-to-school campaign yielded disappointing new-customer numbers, which raises questions about its marketing strategy, Stifel's Clement Genelot says in a research note. "[Full-year] guidance was known to be entirely dependent on the success of the back-to-school marketing campaign. But the explanation provided by HelloFresh raises even more questions about its ability to properly manage its marketing strategy, which will be key in any commercial inflection," the analyst says. The German meal-kit company attributed the profit warning to deeper cuts to its marketing spending in the third quarter than in the first half. This should raise questions about HelloFresh's ability to manage the strategy and rethink marketing channels, Genelot adds.
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