ASTA Energy Solutions AG : Putting more layers onto the copper-bottome...

Tubacex : Adjusting estimates and target price to deteriorated investm...

The Magnum Ice Cream Company : Seen to have started 2026 with growth b...

KPN : Ongoing solid performance in a continuously competitive market

Grifols B : Closure of 29 donation centers in the US

Grifols A : Closure of 29 donation centres in the US

Alior Bank : Good start into the year

SLB : Situation au Moyen-Orient renforce la durabilité du cycle

Kuehne + Nagel : Le contrôle des coûts se poursuit dans un marché enco...

ENI SpA : Résultats T1 inférieurs aux attentes mais signal positif sue...

Eramet : Estimations MT légèrement relevées après un bon T1, le nickel...

ODDO : Première semaine de publis T1 : activité cuivre porteuse, press...

Telecoms – France: Revised offer for SFR makes consolidation in French...

We believe the transaction would also be positive for Bouygues Telecom, Orange and Iliad because it would enhance their scale and diversification within the domestic telecom market.

Novelis - ESG Report - Lucror Analytics

PTT Oil and Retail (OR TB) - 1Q26 Net Profit Expected To Increase qoq

Company Update | PTT Oil and Retail (OR/HOLD/Bt11.90/Target: Bt11.50) We expect OR to report a 1Q26 net profit of Bt2.55b, up 23% qoq. However, core earnings are in a loss position due to controlled retail pricing that does not fully reflect actual costs. This is offset by a substantial stock gain of Bt12.00b. Looking ahead, we anticipate core earnings to recover qoq in 2Q26, supported by a rebound in marketing margins. Meanwhile, impairment risk will remain an overhang on 2026 earnings, particu...

Indorama Ventures (IVL TB) - 1Q26 Earnings Improve; Stronger Momentum ...

Company Update | Indorama Ventures (IVL TB/BUY/Bt23.80/Target: Bt27.00) IVL’s 1Q26 marks an early-stage recovery, with earnings turning positive supported by inventory gains and improving spreads. However, underlying recovery remains gradual, with a clear step-up expected in 2Q26 as integrated PET spreads rise to about US$260-280/t. US demand and utilisation continue to support margins, while geopolitical tensions provide additional upside to spreads. We maintain BUY with a target price of Bt27....

HANA (Thailand) (HANA TB) - Solid-State Cooling As The Next S-Curve; S...

Company Update | HANA (Thailand) (HANA TB/BUY/Bt30.25/Target: Bt38.00) We expect HANA to report a net profit of Bt145m (-70% yoy, +1% qoq), supported by healthy PCB and the bottoming of the IC semiconductor cycle. AI-related solid-state cooling as a new S-curve in 2H26-2027 and a more positive PMS outlook in 2H26 should support valuation, despite earnings visibility only improving in 2H26. Upgrade to BUY with a higher target price of Bt40.00, as we see strong EPS growth of 30% two-year CAGR over...

Bangkok Dusit Medical Services (BDMS TB) - Expect Weak Earnings In 1Q...

Company Update | Bangkok Dusit Medical Services (BDMS TB/BUY/Bt18.50/Target: Bt32.00) BDMS is expected to report 1Q26 profit of Bt3.68b (-15.3% yoy) due to several cost pressures, with flat revenue and margin contraction. 2026 guidance targets 2-4% growth, mainly driven by foreign patients, while Thai demand remains weak. BDMS has limited Middle East exposure (~4%), implying lower downside risk versus peers. Copayment insurance impact is expected to phase in gradually. Maintain BUY with a target...

ZTE Corporation (763 HK): 1Q26: Results Below Expectations Due To Weak...

ZTE's 1Q26 results came in below expectations, primarily driven by a sluggish carrier network business and forex losses. While revenue grew 6.1% yoy to Rmb35.0b, gross margins declined 6.0ppt yoy to 28.3% due to a weak product mix and unfavorable forex impacts on overseas business. Consequently, operating profit declined 13.2% yoy to Rmb1.6b, and net profit plunged 46.6% yoy to Rmb1.3b, missing consensus estimates of Rmb2.1b. Maintain HOLD and keep target price at HK$23.20.

Zhejiang Shuanghuan Driveline (002472 CH): 4Q25/1Q26: Slower Start To ...

Shuanghuan reported solid 4Q25, in line with expectations. However, 1Q26 numbers are weaker than expected due to flattish EV gear destocking and a worse-than-expected ICE-car gear business. Management expects a recovery in EV sales growth thanks to the overseas market, but ICE-car sales will remain weak. This will be offset by strong construction machinery, smart actuator and CV gear businesses. Management remains confident in achieving its Rmb1.5b share incentive net profit target for 2026. Mai...