Latest Corporate News News
Matthews International Reports Strong Fiscal 2026 Q1 Results
Matthews International announced GAAP EPS of $1.39 for fiscal 2026 Q1, up from a $0.11 loss last year, boosted by warehouse automation sale for $225.4M and European packaging divestiture. The Memorialization segment saw higher sales and adjusted EBITDA; the company maintains FY2026 adjusted EBITDA guidance of at least $180M including Propelis JV share.
A conference call is set for February 4, 2026, at 9:00 a.m. ET.
KKR and Singtel Consortium Acquires STT GDC for $5.2 Billion
A KKR-led consortium with Singtel is set to buy STT GDC, a data center firm, in a $5.2B deal announced amid Asian market activity. This dealmaking highlights ongoing consolidation in Singapore's tech infrastructure sector.
It comes as tech stocks weaken regionally.
Disney Appoints Josh D’Amaro as New CEO Succeeding Bob Iger
Disney has tapped parks chief Josh D’Amaro to succeed Bob Iger as CEO, marking a leadership transition in entertainment. The move aims to leverage expertise in experiential businesses amid industry challenges.
Announcement made during Asian market updates.
AMD Outlook Disappoints Investors Seeking AI Gains
AMD's outlook failed to meet investor expectations for bigger AI payoffs, contributing to tech weakness rippling across Asian markets. Consensus sales expectations were $9.39B for Q1, but guidance was lower at around $8B despite beating some estimates.
This triggered broader selloffs in tech stocks.
Top Indian Stocks Recommended: IOC, Tata Elxsi, IFCI
Analysts recommend buying Indian Oil Corporation (IOC) at ₹165–₹163 with target ₹172, citing trendline breakout and bullish MACD. Tata Elxsi at ₹5,500–₹5,400 targets ₹6,550 on Alligator breakout and positive DMI.
IFCI at ₹56–₹50 targets ₹67 after Alligator breakout retest confirmation.
Asian Tech Stocks Decline on Global Selloff and Regulations
Tech stocks like Baidu, Alibaba, Tencent, and Xiaomi fell in Hong Kong amid global tech rotation and door handle regulation concerns for EVs. Weak domestic sales and competition from Samsung add pressure on Chinese tech giants.
E-commerce platforms also face headwinds despite some recovery attempts.
Nintendo’s Q3 Profit Disappoints Despite Rising Memory Prices
Nintendo reported disappointing profits even as memory prices climbed, impacting investor sentiment. The results highlight challenges in gaming amid market shifts.
Shares reacted negatively in Asian trading.
BYD EVP Addresses Sales Outlook and Door Safety Issues
BYD Executive VP Stella Li discussed sales outlook and concerns over door safety in vehicles, amid regulatory scrutiny. Domestic sales remain weak, with competition intensifying.
Comments made in context of broader EV market pressures.
Matthews Redeems $300M Notes Due 2027, Reviews Strategic Alternatives
Matthews International redeemed $300M of 8.625% Notes due 2027 as part of simplifying its structure post-SGK divestiture. The board's strategic review with J.P. Morgan continues to enhance shareholder value.
Propelis Group JV progresses toward $60M cost synergies in 2026.
Tech Weakness Hits Hong Kong; Oil and Gold Rally
Hong Kong tech stocks lost favor with Baidu, Alibaba lower on tax and regulation worries, while oil stocks rose 3% following crude prices. Gold and silver rallied post-rout; Shanghai crude tracked Brent and WTI gains.
Sector rotation favors non-tech amid global trends.
Propelis Group Achieves Progress on Cost Synergies Post-SGK Integration
The Propelis Group, from SGK and SGS JV formed in May 2025, reports solid results and advances toward $60M cost synergies, mostly in 2026. This supports Matthews' maintained FY2026 outlook.
New management drives operational improvements.