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.

0815 GMT - The U.S.-China trade truce offers some opportunities for technology and innovation stocks, J.P. Morgan Private Bank's Weiheng Chen says in a commentary. "We see a move away from broad tariffs towards more targeted tools as the U.S. and China move into a shaky 'transactional truce' which could have more sector-specific implications," the global investment strategist writes. Chen expects opportunities to buy the dip in Chinese innovation stocks. Tech earnings and raised capital-expenditure projections are likely to drive U.S. equity markets higher, he says. (tracy.qu@wsj.com)

0436 GMT - Weibo's advertising business is likely to remain weak, say Nomura's Jialong Shi and Rachel Guo in a note. They expect the Chinese social-media company's 3Q revenue and adjusted operating profit missed consensus estimates thanks to weaker-than-expected advertising demand. Weakness in the advertising segment likely stems from a high base thanks to the Paris Olympics a year ago, softer-than-anticipated advertising budget in the smartphone sector, and lukewarm ad spend from video-game companies, the analysts say. Resilient advertising spending from the e-commerce and auto sectors could partly help offset this, they add. Nomura maintains its neutral rating and target of $11.00 on Weibo's ADRs, which last ended 0.5% lower at $10.88. (megan.cheah@wsj.com)

0419 GMT - NetEase's 3Q revenue is likely to fall short of high market expectations, Nomura analysts say in a research note. They expect the Chinese videogame maker's revenue from game and related-VAS services to have climbed 12% on year, below market estimates. NetEase's mobile gaming revenue likely resumed growth, rising 4% in 3Q, driven mainly by evergreen titles such as "Eggy Party" and "Where Winds Meet," the analysts note. Meanwhile, the growth in its PC gaming revenue likely slowed to 32% due to a high base last year, when "World of Warcraft" returned to China, they add. Nomura maintains a buy rating on NetEase's H shares, with the target price unchanged at HK$249.00. Shares are last at HK$219.60. (sherry.qin@wsj.com)

0344 GMT - Citi analysts reckon Tuas's proposed acquisition of M1 could be approved by Singapore regulators before Christmas. They point to comments by Keppel, the current owner of the M1 telecommunications provider, hoping to complete a sale by the end of the year. They also observe that M1 has reduced the price of some postpaid plans by up to 70%. They tell clients in a note that this shows M1 is already implementing Tuas's value-led strategy to stimulate a turnaround in customer growth. Regulatory approval could come swiftly after the Nov. 7 deadline for submissions on the deal, they say. Citi has a buy rating and A$9.95 target price on Tuas shares, which are up 3.3% at A$7.26. (stuart.condie@wsj.com)

0237 GMT - UMS Integration appears well-positioned for growth, RHB Research's Alfie Yeo says in a report. Over the short to medium term, growth is expected to be driven by an increase in semiconductor equipment spending, a ramp-up in new client orders, and margin expansion, the analyst says. The company, which specializes in manufacturing high-precision front-end semiconductor components, is a long-term beneficiary of the semiconductor sector's growth, the analyst says. That will likely be spurred by drivers including leading-edge logic, memory and technology transitions, and investment in capacity expansion. RHB Research initiates stock coverage with a buy rating and a target price of S$1.85. Shares are 2.7% higher at S$1.52. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

November 03, 2025 04:20 ET (09:20 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.