The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.

0338 GMT - Moshi Moshi Retail Corp. is likely a bargain growth stock following its sharp price correction from this year's peak, Thanachart Securities' Phannarai Tiyapittayarut says in a research report. It has proven to be resilient to rising competition from more players in Thailand's lifestyle market, the analyst notes. The Thai company's competitive advantages remain with its in-house designs, fast product turnover, product differentiation and lower product prices. However, the brokerage cuts its earnings estimates for the company by 3% for 2025, 6% for 2026, 8% for 2027, and 9% for 2028 to reflect lower same-store-sales growth. It lowers the stock's target price to THB50.00 from THB55.00, with an unchanged buy rating. Shares are unchanged at THB35.00. (ronnie.harui@wsj.com)

0328 GMT - Samsung Electronics is set to get a sharp earnings boost from the "memory super-cycle" boom in the industry, Nomura analysts led by C.W. Chung write in a research note. The South Korean tech giant's semiconductor segment is likely to post KRW14.1 trillion in operating profit in 4Q, up 82% from 3Q, supported by higher prices of commodity DRAM and NAND chips, they reckon. They revise their 2026 operating-profit forecast for Samsung 21% higher to KRW110 trillion. Nomura raises its price target for the stock by 22% to KRW150,000 and keeps a buy rating. Shares are 1.1% higher at KRW105,200. (kwanwoo.jun@wsj.com)

0311 GMT - Coles' bulls at Macquarie see the Australian supermarket operator's superior growth justifying its higher valuation relative to its largest rival. The investment bank's analysts tell clients in a note that Coles' 4.6% comparable sales growth over its fiscal first quarter was indicative of further market-share gains. Growth was two or three times the pace at which Woolworths grew sales over the same period, they observe. The analysts say that Coles' stores appear to be benefiting from the company's investment in fulfillment centers. They will be keen for industry feedback through the key Christmas trading period. Macquarie lifts its target price by 2.8% to A$26.10 and maintains an outperform rating. Shares are down 1.0% at A$21.89. (stuart.condie@wsj.com)

0252 GMT - JB Hi-Fi's bulls at Macquarie see the Australian electronics retailer enjoying continuing tailwinds from Apple's iPhone 17 launch. First-quarter comparable sales in Australia tracked in-line forecasts by the investment bank's analysts, who are now looking for the impact of the new iPhones. They tell clients in a note that market feedback is positive on the strength of sales, and reckon that JB Hi-Fi's relatively short fulfillment time should benefit its December-quarter performance. Longer term, they see sales growth driven by a continued upgrade cycle, including in laptop computers. Macquarie lifts its target price 2.5% to A$121.00 and keeps its outperform rating on the stock, which is down 3.5% at A$104.70. (stuart.condie@wsj.com)

0240 GMT - iFAST appears to be on track for multiyear growth, says its new bull at Maybank Securities. Its U.K.-licensed iFAST Global Bank has turned profitable and is likely to be a key near-term growth driver, with its deposit base expected to more than double by end-2025, analyst Toh Xuan Hao says in a note. The rollout of the company's Hong Kong electronic pension platform is continuing and related staff costs are likely to decelerate by 2027, he adds. Meanwhile, macro and regulatory tailwinds are likely to boost the Singapore financial-technology company's assets under administration, as geopolitical and tariff risks drive safe-haven flows to Singapore and Hong Kong, Toh says. Maybank Securities initiates coverage with a buy rating and a S$11.95 target price. Shares fall 0.6% to S$9.66.(megan.cheah@wsj.com)

0239 GMT - Wilmar International's margin growth will likely remain weak, due to price competition in China and soft sugar prices, Nomura analysts write in a note. The Singapore-listed agribusiness group's plantation and sugar milling business' 4Q volumes are expected to decline on quarter, and margins could weaken due to lower palm oil and sugar prices. Although volumes for tropical oils could rise on year in 4Q, Nomura expects crush margins to weaken, which could impact profitability. Nomura maintains a neutral rating for the stock and target price of S$3.20. Shares are last 0.6% higher at S$3.14.(amanda.lee@wsj.com)

0229 GMT - Bursa Malaysia is set to benefit from improving investor sentiment and rising trading activity, CIMB Securities analyst Tan Ei Leen says in a note. She expects average daily trading value to stay above MYR3 billion in 2026-2027, supported by easing macro risks and a stronger ringgit. Lower interest rates and renewed foreign participation are also likely to sustain market liquidity, she says. Tan raises Bursa's 2026 and 2027 earnings forecasts by 7.8% and 11.5%, respectively, to factor in a more bullish market outlook. CIMB upgrades Bursa Malaysia's rating to buy from hold, and raises the target price to MYR8.86 from MYR7.40. Shares are 2.9% lower at MYR8.09.(yingxian.wong@wsj.com)

0225 GMT - Aneka Tambang's sales volumes might face short-term downward pressure, UOB Kay Hian's Benyamin Mikael says in a report as the brokerage cuts the target price of the miner's shares to IDR3,500 from IDR4,000. The temporary suspension of underground operations at Freeport Indonesia following the mid-2025 landslide has disrupted gold supply in Indonesia, the analyst notes. Freeport Indonesia has an agreement to supply gold to Aneka Tambang. However, the underground operations are expected to resume in 2H 2026, says the analyst, who expects Aneka Tambamg's gold sales volumes to recover then. The brokerage maintains its buy rating on Aneka Tambang, citing the company's gold proxy positioning, upside from persistently high gold prices and solid long-term outlook. Shares last closed at IDR3,120.00. (ronnie.harui@wsj.com)

0206 GMT - CapitaLand Integrated Commercial Trust's planned asset enhancements are likely to drive its near-term operational performance, says RHB Research's Vijay Natarajan in a note. The Singapore REIT's 3Q operational metrics improved on quarter with notable occupancy improvement in Singapore and overseas office assets, the analyst says. Its local retail portfolio's income is likely to grow as the REIT continues to enhance its assets in Singapore, he adds. The company projects for low-to-middle single digit growth in rents renewed next year, he notes, adding that the outlook for rent renewals for retail and office portfolios remain upbeat. RHB Research raises the target price to S$2.69 from S$2.44 and maintains a buy rating. The units are down 0.8% to S$2.35. (megan.cheah@wsj.com)

0149 GMT - Universal Store keeps its bulls at UBS despite the Australian fashion retailer's slowing sales growth. Like-for-like sales growth at the company's eponymous chain slowed from 11% in the first seven weeks of its fiscal year to 5.6% over the next 10-week period, but UBS analysts tell clients in a note that gross margins should still expand over the full year. They point to Universal Store's investment in its staff, which they say supports retention and further growth. UBS trims its target price 2.4% to A$10.25 and keeps a buy rating on the stock. Shares are down 0.7% at A$8.94. (stuart.condie@wsj.com)

0146 GMT - The largely non-cash nature of ANZ's A$1.11 billion in second-half significant items leaves Jefferies' valuation of the stock little changed. Analyst Andrew Lyons' forecasts already partially reflected the charge, much of which had been foreshadowed by the Australian bank. He cuts his FY 2025 EPS forecast by 7.5% on the incremental impacts of the charge, which included redundancies and other costs, but tells clients in a note that there is no subsequent material impact. Jefferies trims its target price 0.2% to A$31.60 and stays neutral on the stock, which is down 0.5% at A$36.66. (stuart.condie@wsj.com)

0101 GMT - Palm oil prices are unlikely to be affected by the resumption of U.S.-China soybean trade, TA Securities analyst Angeline Chin says in a note. The two oils often move in tandem due to their use in similar products. While increased soybean oil supply could weigh on demand for crude palm oil, firm biodiesel demand under Indonesia's B50 mandate, seasonal monsoon-related production slowdown and lower Malaysian inventories should limit downside risks. Unless China significantly scales up its soybean imports from the U.S., the overall impact on palm oil fundamentals may remain limited, she adds. TA maintains a neutral rating on Malaysia's plantation sector. It rates United Malacca at buy, Kuala Lumpur Kepong at hold, and SD Guthrie and IOI at sell. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

October 30, 2025 23:38 ET (03:38 GMT)

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