ab 27 October 2025 Global Research China Energy Transition Rally to continue; doubling our power demand 8% power demand by 2028E drives capex upcycle and re rating We turn more bullish on China's power market with a highly anti-consensus forecast of 8% power demand growth by 2028-30E, doubling our previous estimate. While we already identified Al data centres (AIDC), exports and electrification as structural drivers in our previous note, we now expect their impact to be materially greater. Our upgrade refle ...

HONG KONG, Oct. 29, 2025 (GLOBE NEWSWIRE) -- First Pacific Company Limited (Hong Kong: 00142, ADR: FPAFY), based in Hong Kong, focused on domestic defensive businesses in the fast-growing region of Southeast Asia, today announced that John W. Ryan, Associate Director, will present live at the dbVIC - Deutsch Bank American Depositary Receipt (ADR) Virtual Investor Conference hosted by VirtualInvestorConferences.com, on November 4th, 2025. This virtual conference program is aimed exclusively at introducing gl ...

Core Insights - Vedanta Resources Ltd has successfully raised 500 million dollars through bond issuance to repay near-term obligations and enhance its capital structure [1][2] Financial Position - The company has reduced its total gross debt from 9.1 billion dollars in fiscal 2022 to 4.8 billion dollars as of June 2025, indicating a significant reduction of over 4 billion dollars [6] - The average maturity of the debt portfolio is now over four years, and the weighted average interest cost has been reduced to single digits [1][6] - Vedanta has a long-term loan facility with undrawn balances of 682 million dollars, ensuring robust liquidity [3] Operational Performance - Core businesses, including zinc, oil and gas, aluminium, and power, continue to deliver strong EBITDA and cash flows [3] - Commodity prices have remained resilient, supporting the company's profitability despite global trade disruptions [4] Strategic Initiatives - The ongoing demerger of Vedanta Limited into five independent sector-specific entities aims to unlock value, enhance transparency, and enable sharper capital allocation [4] - The company is committed to financial discipline, focusing on honoring all debt obligations and sustaining its deleveraging trajectory through internal accruals and strategic refinancing [5] Liquidity and Capital Structure - Vedanta maintains robust liquidity supported by dividend inflows from operating subsidiaries and healthy free cash generation [2][3] - The company has diversified its credit profile through a mix of bonds and bank loans, adding new banks to its capital structure [7]

Core Insights - The AI boom has significantly increased sales and stock prices across various industries, leading to debates about whether this is a sustainable trend or a bubble reminiscent of the Dotcom era [2][3]. Industry Overview - The surge in AI-related spending by major tech companies has led to a proliferation of companies claiming to benefit from AI, including those in traditionally slower sectors [3]. - The AI ecosystem has created pockets of inflated valuations, particularly among companies that are not yet profitable and rely on external funding for growth [4]. Company Analysis - Companies in the power sector, especially nuclear power providers, have seen the most dramatic increases in valuations, with investors willing to pay significantly more for AI-exposed power stocks compared to two years ago [9]. - The median price-to-sales (P/S) ratio for power providers is projected to rise to 4.53 in 2025, nearly three times the 2023 median of 1.52 [10]. - Notably, companies like NuScale Power and Oklo have experienced substantial stock price increases despite having little to no revenue, indicating a speculative investment environment [11]. Market Dynamics - The demand for electricity to support AI operations has led to increased interest in nuclear energy, with major tech firms entering multi-billion dollar agreements with nuclear power operators [10]. - The volatility in stock prices for AI-related power companies highlights the sensitivity of these valuations to market sentiment, with significant fluctuations observed recently [12][13].

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Core Viewpoint - Entergy (ETR) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [3][5]. - Institutional investors often rely on earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [3]. Business Improvement Indicators - The upgrade in Entergy's rating suggests an improvement in the company's underlying business, which could lead to an increase in stock price as investors respond positively [4][9]. - For the fiscal year ending December 2025, Entergy is expected to earn $3.89 per share, with a slight increase of 0.1% in the Zacks Consensus Estimate over the past three months [7]. Zacks Rank System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [6][8]. - The upgrade of Entergy to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [9].

Brazilian power company Eletrobras announced on Wednesday it is changing its name to Axia Energia, in a development it said will not impact any contractual, business, or regulatory commitments establi... ...

Core Insights - GE Vernova (NASDAQ:GEV) experienced a significant Power Inflow alert, indicating a bullish trend in order flow analytics, which is closely monitored by traders [3] - The Power Inflow signal was triggered at a price of $537.92, following a steep decline of 10% in the stock price during the opening hour of trading [4] - After the alert, there was a notable shift towards buying interest, leading to a rise in stock price, reaching a high of $573.45 by 2:30 PM EST, representing a 6.6% increase [4][7] Understanding Power Inflow Signal - The Power Inflow alert is a proprietary signal from TradePulse, issued within the first two hours of trading, indicating a significant shift towards buying activity [5] - This signal suggests a high probability of bullish price movement for the remainder of the trading day, making it a strategic entry point for active traders [5] Order Flow Analytics - Order flow analytics assess real-time buying and selling trends by analyzing volume, timing, and order size among retail and institutional traders [6] - These insights provide a detailed understanding of price behavior and market sentiment, enabling informed decision-making for traders and institutions [6] GEV Intraday Performance - At the time of the Power Inflow alert, GEV was priced at $537.92, and the subsequent intraday high reached $573.45, showcasing the effectiveness of the Power Inflow signal [7] - The alert demonstrated how order flow analytics can reveal bullish momentum, even during periods of significant stock price decline, offering traders a potential buying opportunity [7]

Core Insights - GE Vernova reported a revenue beat, benefiting from the data center boom and has seen its stock rise over 90% in the past year [1][2] - The company has established itself as a key player for hyperscalers, with significant orders for electrical equipment expected to double this year compared to previous years [2][3] - Challenges remain in offshore wind due to regulatory issues and tariff policies, with estimated costs related to tariffs between $300 million to $400 million this year [4] Company Performance - GE Vernova's CEO has engaged with OpenAI's CEO, indicating a strong relationship that is crucial for growth [2][3] - The company has received $900 million in electrical equipment orders from hyperscalers this year, compared to $600 million for all of 2024, with expectations for Q4 orders to further increase this figure [3] - The company recently acquired the remaining 50% stake in a transformer company, enhancing its capabilities in electricity management [6] Market Context - There is speculation about the potential impact of GE Vernova's performance on the broader AI trade, drawing parallels to Oracle's recent bullish targets [5] - Despite strong demand, analysts expected a raise in guidance, but the company reaffirmed its 2025 numbers instead, indicating that expectations may already be priced in [7]

All right, on that note, let's get to Kevin Green who joins me now as always for a look at the stories that are moving markets this morning. We did get some data out today, by the way, of the mortgage applications at KG. What are you seeing on that front.Good morning to you. >> Good morning, Sam. Yeah, you are actually seeing a really significant surge in refinancing demand.We have seen mortgage rates pretty much across the curve if you're looking at the 30-year fix or if you're looking at the adjustable ra ...