25m ago
Yum China shares hit a near 3.5-month high in Hong Kong after Q2 revenue rises 13% to $3.1 billion
Yum China (YUMC) reported second-quarter results with total revenue of $3.1 billion, up 13% year on year, helped by a net 560 store openings, and said it is optimistic about the rest of the year. The update pushed its Hong Kong-listed shares to a near three-and-a-half-month high and lifted its U.S.-listed shares to a near three-month high. The move was driven by company-specific earnings momentum, directly affecting Yum China’s stock.
25m ago
25m ago
Torrent Power Q1 revenue rises to ₹8,124 crore, net profit falls 12.7% to ₹639 crore
Torrent Power reported fiscal 2024 Q1 revenue of ₹8,124 crore, up 2.8%, while EBITDA rose 3.7% to ₹1,538 crore and operating margin held at 19%. Net profit fell 12.7% year on year to ₹639 crore as finance costs increased. The distribution and renewable energy segments posted strong performance, delivering 10% and 6% EBITDA growth, respectively. The results highlight pressure on earnings quality for the company’s core equity.
25m ago
35m ago
Laopu Gold shares slump 24%, erasing HK$16.7 billion after Q2 revenue and profit drop 80%
Laopu Gold Co. Ltd. (6181.HK) extended its post-listing boom-and-bust swing after its stock fell 24% in one session, wiping out HK$16.7 billion ($2.14 billion) in market value. Calculations based on previously released figures indicate revenue and profit plunged 80% in the second quarter versus the first, despite strong headline first-half growth. The selloff follows a period of extreme valuation that once saw the shares trade at 144 times earnings. The move is framed as a stock-specific reset driven by an earnings collapse and a repricing of lofty expectations.
35m ago
37m ago
Circle shares slide more than 5% after Morgan Stanley downgrade and $38 price target
Circle (CRCL) shares fell more than 5% in premarket trading on Monday after Morgan Stanley downgraded the stock and slashed its price target to $38 from $106. TD Cowen initiated coverage with a “buy” rating and an $82 target, but it did little to offset the negative tone. The stock ended Friday down 2.54% at $62.61 and is down 9% over the past month as investors also weigh the escalating U.S.-Iran situation and regulatory uncertainty, including Polymarket odds below 30% for the Clarity Act to pass this year.
37m ago
41m ago
Phoenix to invest NIS 234 million in PowerGen at NIS 3.25 billion valuation
Phoenix Finance (TASE: PHOE) will invest NIS 234 million in Generation Capital’s PowerGen for a 7.2% stake, and will raise its holding to 12.4% through a conversion of prior financing. The transaction implies a NIS 3.25 billion valuation for PowerGen, up from the NIS 1.26 billion value recorded in Generation Capital’s books at the end of 2024. Generation Capital said the move is expected to generate an estimated NIS 270320 million in second-quarter pre-tax profit for the fund.
41m ago
43m ago
Bithumb sets 2028 IPO target in third timetable reset
South Korea introduced new rules in March 2026 capping major shareholders of crypto exchanges at 20%, with a transition period. Bithumb, the country’s largest exchange, confirmed in August 2026 that it had pushed its IPO target back to 2028, marking the third timeline change in three years. In February, a system error wrongly credited 620,000 BTC (about $43 billion at the time), briefly sending BTC down 17% on its won market; the exchange has recovered 99.7% of the coins, with about 125 BTC still unresolved. The incident and tighter oversight have underscored uncertainty around the operations and listing paths of South Korean exchanges.
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43m ago