NEW YORK, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Beyond Meat, Inc. (“Beyond Meat” or the “Company”) (NASDAQ: BYND) and certain officers.   The class action, filed in the United States District Court for the Central District of California, and docketed under 26-cv-00742, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Beyond Meat securities between February 27, 2025 ...

Group 1 - Treasury Wine Estates (TWE) has requested a trading halt on the Australian Securities Exchange ahead of an outlook update, effective immediately [1] - The trading pause is set to last until normal trading resumes on December 17, 2025, or until the company releases an announcement regarding this matter [2] - An investor and analyst call is scheduled for December 17, which will cover TWE's performance in key markets like the US and China, along with initial observations from new CEO Sam Fischer [2] Group 2 - At the beginning of December, TWE forecasted an impairment on its US assets of at least A$687.4 million (approximately $450 million) due to conservative long-term market growth assumptions [3] - The impairment is expected to reduce long-term earnings growth rates and impact the value of TWE's Treasury Americas and Treasury Collective business segments [4] - The impairment charge will be assessed as part of the group's 2026 interim results, with a significant portion of goodwill expected to be written off in the Americas region [4] Group 3 - TWE disclosed a reduction in future cash flows of 11% per year in its Americas business, which would eliminate impairment headroom [5] - The company withdrew its fiscal 2026 earnings guidance due to an uncertain outlook for its Penfolds and Treasury Americas businesses [5]

Core Points - West Fraser Timber Co. Ltd. announced the indefinite curtailment of its oriented strand board (OSB) mill in High Level, Alberta, due to a significant weakening of OSB demand, which will reduce the company's capacity by 860 million square feet [2][4] - The company will also continue the idling of one production line at its Cordele, Georgia OSB facility, which has a capacity of 440 million square feet [3] - An estimated asset impairment loss of approximately $200 million is expected to be recorded in the fourth quarter of 2025 due to the curtailment of the High Level OSB mill [4] Company Operations - West Fraser operates more than 50 facilities across Canada, the United States, the United Kingdom, and Europe, producing a variety of wood products including lumber, engineered wood products, pulp, and newsprint [5] - The primary uses for West Fraser's North American OSB products include residential construction, repair and remodeling, and industrial applications [4]

Core Viewpoint - Beyond Meat, Inc. is under investigation for potential violations of federal securities laws, particularly concerning the inflation of the value of certain long-lived assets [1][3]. Financial Performance and Stock Movement - On October 24, 2025, Beyond Meat announced an expected non-cash impairment charge for the three months ended September 27, 2025, related to certain long-lived assets, which was anticipated to be material. This announcement led to a significant stock price drop of approximately 23%, from $2.84 per share on October 23, 2025, to $2.185 per share on October 24, 2025 [4]. - Following this, on November 3, 2025, the company delayed its earnings announcement for Q3 2025 due to the need for additional time to complete the impairment review, resulting in further declines in the stock price during trading on that day [5]. Company Operations and Asset Management - In late 2023, Beyond Meat conducted a global operations review and depreciated certain long-lived assets, stating that these assets were recorded at the lower of their carrying value or fair value less costs to sell, with no impairments reported [2].

Core Viewpoint - Beyond Meat, Inc. is under investigation for potential violations of federal securities laws related to the inflation of certain long-lived assets' values [1][4]. Group 1: Company Overview - Beyond Meat specializes in plant-based meat alternatives [3]. - The company underwent a global operations review in late 2023, leading to the depreciation of certain long-lived assets [3]. Group 2: Stock Performance - On October 24, 2025, Beyond Meat announced an expected non-cash impairment charge for the three months ended September 27, 2025, which was anticipated to be material. This announcement caused the stock price to drop approximately 23%, from $2.84 per share on October 23, 2025, to $2.185 per share on October 24, 2025 [5]. - Following the announcement of a delay in the earnings report for Q3 2025 on November 3, 2025, the stock experienced a significant decline during trading on that day [6].

Core Viewpoint - Hagens Berman has initiated an investigation into Simulations Plus, Inc. following a significant stock price drop of approximately 25% due to alarming disclosures, including a large asset impairment charge and the termination of its independent auditor, Grant Thornton [1][3]. Financial Performance - Simulations Plus reported a net loss of $67.3 million for Q3 2025, primarily driven by a $77.2 million impairment charge related to prior acquisitions, aimed at aligning asset book values with current market values [3]. Auditor Termination - The company terminated its engagement with Grant Thornton, which had been hired just two months prior, citing the auditor's inability to finalize matters related to segment reporting and internal controls in time for the quarterly report [3]. - Grant Thornton contradicted Simulations Plus's explanation in a letter to the SEC, stating that it had raised specific concerns regarding segment reporting and internal controls that were not resolved satisfactorily at the time of termination [4]. Investigation Focus - Hagens Berman's investigation is centered on whether Simulations Plus misled investors regarding the reasons for the auditor's dismissal and whether its financial statements accurately reflected asset values [5]. - The firm is examining the discrepancies between Simulations Plus's public statements and the auditor's communications to the SEC, highlighting the potential implications for investor trust [5].

Core Viewpoint - CGX Energy Inc. reported a significant impairment loss of $56.4 million on its exploration and evaluation assets related to the Corentyne Block due to uncertainties arising from the Government of Guyana's conduct and communications [2][4]. Financial Performance - The impairment loss of $56.4 million was recognized in the income statement, reducing the carrying value of the Corentyne exploration and evaluation asset to $Nil as of June 30, 2025, down from $56.2 million as of December 31, 2024 [4]. Government Relations - The Government of Guyana's unwillingness to recognize the rights of the Joint Venture, which includes Frontera Energy Guyana Corp. and CGX Resources Inc., has restricted the Company's ability to develop activities under existing licenses and agreements [3][4]. - Despite the impairment, the Joint Venture maintains that its interests in the Corentyne block remain valid and that the Petroleum Agreement has not been terminated [5]. Board Changes - Dr. Suresh Narine has resigned from his positions as Executive Director and Executive Co-Chairman of the Board to pursue academic endeavors, prompting the search for a new Chief Executive Officer [6]. - Alejandra Bonilla and René Burgos Diaz have been appointed as new directors, and Orlando Cabrales has been elected as the Chairman of the Board [7][11]. Director Profiles - Alejandra Bonilla has over 20 years of experience in the oil and gas industry and has held various roles at Frontera Energy Corporation [9]. - René Burgos Díaz, the Chief Financial Officer of Frontera since June 2022, has extensive experience in corporate finance and operational leadership within the energy sector [10].

Core Viewpoint - Simulations Plus, Inc. experienced a significant decline in share price following a substantial net loss and the dismissal of its independent auditor, raising concerns about asset valuations and corporate governance [1][2][4]. Financial Performance - The company reported a net loss of $67.3 million for Q3 2025, which included a $77.2 million impairment charge [1]. - The impairment charge was attributed to adjustments in the book value of assets to align with current market values [4]. Auditor Dismissal - Simulations Plus terminated its engagement with Grant Thornton on July 9, 2025, just a few months after hiring them on April 15, 2025 [1][4]. - The company cited issues related to segment reporting and internal controls over financial reporting as reasons for the auditor change, claiming no "reportable events" occurred [5]. Investigation - Hagens Berman, a national shareholders rights firm, has initiated an investigation into whether Simulations Plus misled investors regarding asset valuations and the reasons for the auditor's dismissal [2][7]. - Grant Thornton disputed the company's account, indicating that they had raised specific concerns during their review of the financial statements [6].

Summary of Conference Call Notes Industry Overview - The focus is on the **China Environment Equities** sector, particularly in the context of utility operations and environmental services. Key Companies Discussed 1. **Everbright Environment (EBE)** 2. **Guangdong Investment (GDI)** 3. **Beijing Enterprises Water (BEW)** Core Insights and Arguments Earnings and Financial Performance - Earnings have been negatively impacted by a slowing construction business and asset impairments, which are expected to persist into 2025 [2][8] - EBE's earnings are projected to decline by **13%** due to asset impairments and reduced construction revenue [9] - GDI is expected to maintain a **65% payout ratio** with a **9% earnings growth**, driven by lower finance costs [9] - BEW's earnings are anticipated to drop by **22%** due to impairments, although a **3% YoY increase in DPS** is expected for 2025 [9] Cash Flow and Dividend Focus - The emphasis is on cash flow quality and dividend sustainability amidst earnings uncertainty [2][8] - EBE is preferred for its improving free cash flow (FCF), which supports a **42% payout ratio** for FY24 [2] - GDI is noted for its defensive cash flow and earnings normalization from a low base in 1H24 [2] - BEW is rated Hold due to a high payout ratio of **97%** in 2024, limiting dividend upside [2] Capital Expenditure (Capex) Trends - Overall capex is expected to decline by **5-20% YoY** in 2025, aligning with reduced construction revenue [3] - GDI and BEW plan to retain/distribute more cash rather than invest, reflecting market saturation [3] - EBE is looking to expand overseas investments, although overall capex will remain disciplined [3] Financial Estimates and Revisions - EBE's revenue estimates for 2025 have been revised to **HKD 30,417 million**, with a net profit of **HKD 4,091 million** [16] - GDI's revenue for 2025 is estimated at **HKD 18,233 million**, with a net profit of **HKD 4,478 million** [19] - BEW's revenue is projected at **RMB 6,000 million** for 2025, with a net profit of **RMB 1,678 million** [10] Valuation and Target Prices - EBE's target price has been increased to **HKD 4.50**, implying a **10% upside** [18][25] - GDI's target price is set at **HKD 7.30**, reflecting a **7% upside** [21][25] - BEW's target price is adjusted to **HKD 2.60**, indicating a **0.4% downside** [24][25] Additional Important Insights - The hazardous waste treatment sector is under pressure, leading to potential further asset impairments for companies like EBE [13] - The report highlights the importance of monitoring dividend policies and cash flow quality as key investment criteria [2][8] - The overall sentiment in the sector is cautious, with a focus on cash management and dividend sustainability amidst challenging market conditions [8][14]