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

0747 GMT - Malaysia's consumer sector could remain supported in 2H by resilient household spending, easing input costs and a tourism recovery, Hong Leong IB's Jonathan Ooi writes in a note. There is also potential for the government to roll out more consumer-friendly measures, he says. Lower commodity, freight and fuel costs are expected to support producers' margins, while a strong labor market should drive consumer demand, the analyst adds. Ooi also expects the coming budget to include measures to boost consumption ahead of the next general election. Hong Leong maintains an overweight rating on the Malaysian consumer sector. 99 Speed Mart Retail and Focus Point are its top picks. (yingxian.wong@wsj.com)

0738 GMT - European oil companies are rising in early trade on higher oil prices after weekend tit-for-tat strikes between the U.S. and Iran. Confusion over whether the Strait of Hormuz is open also boosted prices. The U.S. said the Strait--which carries around a fifth of the world's oil--was open, while Tehran said it was closed. Brent crude is up 3.6% to $78.76 a barrel, while WTI futures rise 3.6% to $73.99 a barrel. In London, shares of BP and Shell are up 2.4% and 1.4%, respectively, while France's TotalEnergies shares are up 2%. Eni shares are up 2.5%, while Equinor shares are 2.7% higher. (ian.walker@wsj.com)

0728 GMT - Yangzijiang Shipbuilding's 1H earnings likely grew 8%-10%, buoyed by higher prices and capacity, says DBS Group Research's Pei Hwa Ho in a note. Progressive revenue recognition from its record order book and partial contribution from a new yard should also drive the Singapore-listed shipbuilder's earnings growth, the analyst says. Higher-priced contracts flowing through could boost its margins, she says. The company's stock has corrected around 20% from its March high, which brings its valuations back to attractive levels, she adds. Its dividend yield of around 6%-7% also remains compelling. DBS reiterates its buy rating and 4.55 Singapore dollar target price. Shares fall 1.7% to S$3.55. (megan.cheah@wsj.com)

0716 GMT - European stock indexes largely fall in early trade as technology and mining stocks slide. The Europe-wide Stoxx 600 is down 0.25%. Germany's DAX falls 0.2%, with chip maker Infineon down 3%. Peer STMicroelectronics falls 2.35%, leading the fallers in the CAC 40. The index slips 0.1%. Schneider Electric is down 1.2%. The semiconductor-heavy Dutch AEX is 0.3% lower, with ASML falling 2.1%. Spain's IBEX 35 falls 0.3% lower, while Italy's FTSE MIB is down 0.15%. London's FTSE 100 is 0.3% higher, however, as oil majors Shell and BP rise 1.6% and 2.8%, respectively. (josephmichael.stonor@wsj.com)

0713 GMT - Dixon Technologies (India) stands to benefit from Indian government's approval of its joint venture with Vivo Mobile India, HDFC Securities analysts say in a research report. The JV will undertake original equipment manufacturer business of electronic devices including smartphones, the analysts note. Vivo Mobile India is a market leader in India's smartphone market, having posted sales of around 35 million units in 2025, the analysts say. Management has indicated the JV is expected to contribute roughly 20 million-22 million units annually. The brokerage views Dixon Technologies' receipt of regulatory approval for the JV as a meaningful positive. It raises the stock's target price to 11,780.00 rupees from 11,390.00 rupees with an unchanged reduce rating. Shares are 0.4% higher at 13,475.00 rupees. (ronnie.harui@wsj.com)

0646 GMT - Jardine Matheson's potential divestments are likely to be the conglomerate's next major rerating catalyst, say DBS Group Research analysts in a note. The company has committed to around 9% annualized five-year total shareholder returns and other targets for dividends and share buybacks, which reflect stronger shareholder alignment and capital discipline, they say. The stock trades at around 27% holding company discount, which suggests investors have yet to fully price in the company's structural changes. Jardine has around US$5 billion worth of divestment opportunities, they estimate, noting its US$4 billion capital recycling target until 2030. DBS initiates coverage of the company with a buy rating and a US$90 target price. The Singapore-listed shares are down 0.4% at US$61.77. (megan.cheah@wsj.com)

0644 GMT - Charoen Pokphand Foods stands to benefit from a likely rebound in meat prices in 2H, Maybank Securities (Thailand)'s Tanida Jirapornkasemsuk says in a research report. Thailand's swine and broiler prices should recover in 2H from 1H, supported by tighter supply and cost-push factors, the analyst says. The agro-industrial and food conglomerate's feed corn costs in Thailand are also likely to fall from August onward as supply increases during the country's corn harvest season. The brokerage upgrades the stock's rating to buy from hold and raises the target price to 24.50 baht from 20.90 baht. Shares are 1.35% lower at 21.90 baht. (ronnie.harui@wsj.com)

0609 GMT - Nordic markets are seen opening lower with IG calling the OMXS30 down 0.8% at around 3152. After continued battles between the U.S. and Iran over the weekend, oil prices have risen to $79 per barrel, on par with the highest levels last week, SEB's Sweden chief strategist Olle Holmgren writes. The U.S. claims that the Strait of Hormuz is still open to traffic, which is contradicted by Iran. Most stock markets in Asia are falling this morning and equity market futures in the U.S. and Europe point to falls of around 0.5%-1%. "The international data calendar is thin this week, but the U.S. CPI will be interesting," he says. OMXS30 closed at 3177.78, OMXN40 at 2709.03 and OBX at 1867.23. (dominic.chopping@wsj.com)

0556 GMT - Charoen Pokphand Foods' potential earnings recovery in 2H is likely to offset a likely weak 2Q, says CGS International's Rasmiman Sermprasert in a note. The Thai food conglomerate is likely to post lower 2Q profit thanks to softer meat prices and ongoing losses from its Chinese swine business, she says. She estimates net profit for the quarter will drop 56% on year. Still, stabilizing Thai swine prices, government support to local consumption and a gradual recovery in the Chinese swine sector should support the company's earnings in 2H. She cuts her core EPS estimate for 2026 by 3.3% but retains forecasts for 2027-2028. CGSI raises its target price to 27.00 baht from 23.00 baht and maintains an add rating. Shares drop 1.35% to 21.90 baht. (megan.cheah@wsj.com)

0543 GMT - Lodha Developers stands to benefit from some tailwinds, Ambit Capital analysts say in a research report. Low land costs at 16% of gross development value versus the 20% benchmark rate, together with in-house construction-led savings lead to 33% embedded EBITDAM for the real-estate developer, the analysts say. The Indian real-estate developer's 78% collection and operational efficiency means its operating cash flow profile of 37% should sustain and facilitate 50 billion rupees of free-cash-flow generation over next two years. The brokerage initiates coverage of the stock with a buy rating and a target price of 1,350.00 rupees. Shares are 2.4% lower at 1,191.70 rupees. (ronnie.harui@wsj.com)

0540 GMT - China Resources Land's sales are likely to accelerate, given it has more launches planned in 3Q, says Citi analyst Griffin Chan in a note. Sales at the Chinese property company grew 6% on year in 1H, he notes. The analyst estimates the company's announced spin-off of a mall into a closed-end real-estate investment trust likely contributed roughly two billion yuan in 1H gains, which could support its earnings and dividends. Its plan to spin off two more malls for a public REIT could be completed in 2H, the analyst adds. Citi opens a 30-day upside catalyst watch on China Resources Land's stock, and maintains a buy rating and target price of 43.00 Hong Kong dollars. Shares are up 0.9% at HK$32.48. (megan.cheah@wsj.com)

0535 GMT - JD.com's retail business is likely to perform better than market expectations in 2Q, according to Jefferies analysts in a research note. Jefferies expects the e-commerce company's retail revenue will decline 5.5% year-on-year, higher than consensus at a 6.6% decline. This is supported by a better performance in June and solid execution on the national subsidies program, they note. JD Retail segment operating profit margin is likely to increase by about 5 basis points on year to 4.47%, the analysts say. Jefferies has a buy rating and a target price of HK$190.00. Shares last traded at HK$112.70. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

July 13, 2026 03:47 ET (07:47 GMT)

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