The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0757 ET - Tendam's Chief Executive says the clothing company targets international expansion opportunities, also via acquisitions. "The future is about growing," Jaume Miquel says at the Shoptalk Europe retail conference in Barcelona. The company--which houses brands including Cortefiel, Springfield and Women'secret--had previously said it could launch an initial public offering in the fiscal year ended February. Instead, Abu Dhabi-based investment holding company Multiply Group became the company's majority shareholder when acquiring a controlling stake of more than 67%. (andrea.figueras@wsj.com)

0726 ET - Vodafone's completion of its merger with Three UK is seen as a positive development for the U.K. telecom market, ING's Jan Frederik Slijkerman says. The merger is expected to boost the London-listed telecommunication group's customer and revenue growth in the region. The move will enable increased investment in both fixed and mobile infrastructure, he adds. However, the main focus remains on the execution of the companies' planned 11 billion pounds investment in U.K. infrastructure, he notes. "For Vodafone Three, expanding its broadband customer base will be crucial--especially as the bundling of fixed and mobile services is likely to become increasingly important." Vodafone shares are down 0.5% at 76.48 pence. (najat.kantouar@wsj.com)

0506 ET - The recent clash might further damp optimism surrounding U.S. and China trade talks, Nomura analysts say in a research note. "The strategic decoupling between the two countries is inevitably intensifying," the analysts say, pointing out that both countries have imposed a spate of non-tariff measures against each other. The tech decoupling will likely force China to advance tech self-reliance, but in the near term, China's access to advanced tech will likely be increasingly banned, Nomura says. (tracy.qu@wsj.com)

0443 ET - Growth momentum in Alibaba Group's cloud business is likely to continue, according to Citi analysts in a research note. There is strong customer demand for its cloud products, especially from inference demand after the DeepSeek moment, Citi analysts say, citing Alibaba's comment on Citi's recent Pan-Asia conference in Singapore. The analysts remain positive on demand for Alibaba's cloud product, and forecast cloud revenues to accelerate to 21% and 20% from a year earlier in fiscal 1Q and FY2026, respectively. Citi keeps a buy rating and a target price of US$169.00 for its ADRs. Its ADRs were last traded at US$113.84. (tracy.qu@wsj.com)

0133 ET - The near-term outlook for South Korea's semiconductor-led tech exports remains strong amid continued chip demand and artificial-intelligence investment, Barclays economist Bum Ki Son writes in a note. Barclays is tracking relatively strong export momentum for high-bandwidth-memory products and some conventional chips, unlike its earlier expectation that demand for traditional chips could suffer from a cyclical downturn, Son says. South Korea's semiconductor exports rose 6.9% on month in May, picking up from April's 6.5% gain despite a decline in overall exports, the economist notes. He forecasts extended strength in tech exports on likely higher DRAM contract prices for 3Q and an HBM4 product launch in 4Q.(kwanwoo.jun@wsj.com)

0010 ET - Singapore's telecommunication sector could post flattish earnings growth this quarter, following the muted 1.7% on year rise in 1Q, UOB Kay Hian analysts write in a note. Downside risks prevail for both postpaid and prepaid average revenue per user in 2Q amid stiff domestic competition and the continuing market shift to lower-value plans, they add. However, the brokerage reiterates its overweight stance on the sector, citing improving business outlooks, resilient and defensive earnings, as well as attractive 5%-6% dividend yields. Singapore's telecom sector is also likely to be relatively immune to the impact of U.S. tariffs despite market volatility, the analysts say. (amanda.lee@wsj.com)

2027 ET - SK Hynix is set to post solid 2Q earnings on the continued artificial-intelligence boom, DB Financial Investment analyst Seungyeon Seo writes in a note. The South Korean semiconductor company's operating profit for the April-June quarter is projected to come in at KRW8.8 trillion, up 61% from a year earlier, Seo says. AI-chip demand remains strong, she notes, as clients are placing advance orders for memory products due to U.S. tariff uncertainty and restocking demand for double data rate 4 and low-power double data rate 4 products following their output cuts. She expects the company's DRAM and NAND chip prices to rise 5% and 4%, respectively, on quarter in 2Q. (kwanwoo.jun@wsj.com)

(END) Dow Jones Newswires

June 02, 2025 12:20 ET (16:20 GMT)

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