-- Yue Yuen Industrial (HKG:0551) expects its first-quarter attributable profit to be 50% to 55% lower than the $75.8 million recorded in the same period of 2025, according to a Hong Kong bourse filing Tuesday.
The firm attributed the downbeat forecast to the escalation of geopolitical tensions and seasonal misalignments, which led to an increase in the costs of footwear manufacturing.
The footwear maker expects to announce its financial results on May 13.
Sadif Investment Analytics on Monday upgraded lender Saudi Awwal Bank (SASE:1060) to buy from hold and increased its price target to 36.85 Saudi riyals from 33.01 riyals.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Renta4 on Tuesday downgraded energy infrastructure company Enagás (ENG.MC) to hold from outperform and maintained its price target at 17.80 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)