By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Pantoro's Cash Flow Holds Steady Despite Guidance Cut, Analyst Sees Takeover Potential
Pantoro shares have fallen about 50% this year, but Euroz Hartleys says the gold miner can still generate AU$30-40 million in quarterly cash
China Stocks Slide as Property Shares Drag Markets Ahead of Fed, Data Cues
Chinese and Hong Kong stocks dipped as property shares fell 3.1%, dragging broader markets. Investors are waiting for Fed minutes and China'
Trent Shares Slide 9.4% as Same-Store Sales Growth Disappoints Investors
Trent, the Indian retailer behind Westside and Zudio, saw its shares fall 9.4% after first-quarter revenue growth of 19% missed analyst targ
Aluminum Prices Dip as Middle East Supply Fears Ease, but LME Inventories Hit 2022 Lows
Aluminum prices slipped as traders dialed back Middle East supply worries, but LME inventories remain at their lowest since 2022. The tight
Novartis Acquires UK Biotech Myricx Bio in $1.5 Billion Cancer Drug Deal
Novartis has agreed to acquire Myricx Bio, a UK-based cancer treatment developer, in a deal worth up to $1.5 billion. The acquisition highli
Hammer Metals Jumps 23% on Austral Resources' Takeover Approach
Austral Resources has made an unsolicited takeover approach for Hammer Metals, offering AU$0.087 per share via a scheme of arrangement. Hamm
China's 618 Phone Sales Drop 13% as Higher Memory Costs Limit Discounts
China's 618 shopping festival saw smartphone sales fall 13% year-on-year, according to Counterpoint Research. Higher memory component costs
Asara Resources Hits Gold at Guinea's Kada Project, Phase 2 Assays Pending
Asara Resources announced new drill assays at the Massan deposit within its Kada Gold Project in Guinea, with highlights including 40 meters
Indian Stocks Rally to 10-Week High on Strong Earnings, Foreign Buying
Indian stocks extended a four-day rally, with the Nifty 50 and Sensex closing at their highest levels in 10 weeks. Early earnings updates an
South Korean Stocks Plunge 5% as AI Chip Optimism Fades on Samsung Profit Warning
South Korean stocks tumbled more than 5% in a single session, led by sharp declines in Samsung Electronics and SK Hynix. The sell-off reflec
Cobre Chile Sets $12M Fundraise at Sierra Atacama, Eyes Majority Control
Cobre's Chilean unit is raising $12 million at the Sierra Atacama copper project to pay down debt. The deal could lift Cobre Chile's stake t
Tong Ren Tang Healthcare Raises HK$532 Million in Hong Kong IPO as Retail Demand Soars
Beijing Tong Ren Tang Healthcare raised HK$532 million in its Hong Kong IPO, pricing shares at HK$5.50. Retail demand was massive, with the