The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day.
0606 GMT - Frencken Group may benefit from further expansion in Singapore, CGS International analysts say in a research report. The company intends to develop a new and larger manufacturing facility at Kaki Bukit Avenue 5 for the expansion and consolidation of its Mechatronics manufacturing operations in the country, the analysts note. The brokerage raises the technology solutions provider's target price to S$1.91 from S$1.27 to partly reflect the pricing in of tariff-induced uncertainties. It reiterates the add rating on its positive outlook for Frencken Group's key semiconductor segment. Shares are 2.4% higher at S$1.69. (ronnie.harui@wsj.com)
0531 GMT - Investors will seek updates on Rio Tinto's Oyu Tolgoi copper-mine plans, Pilbara iron-ore blending strategy, and impacts from U.S. tariffs when the miner reports 1H earnings Wednesday, says Citi analyst Paul McTaggart. At Oyu Tolgoi, the market is eager for details on the mine plan revision, including how it impacts both capex and timing, he says. In the Pilbara, clarity is needed on Rio Tinto's blending strategy, including whether the company can fully absorb SP10 volumes and over what timeframe. On tariffs, investors want to know how new U.S. duties on aluminum sales are being absorbed or passed through to customers, he says. McTaggart is also looking for remarks on U.S. copper tariffs and any plans Rio Tinto might have to expand copper processing. Rio Tinto is up 0.3% at A$117.27. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
July 29, 2025 02:06 ET (06:06 GMT)
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