MM unveils two products on 14 and 15 August 2026 Scorpio Lifestyler: The new lifestyler is a global pick-up product based on the Scorpio N platform and features a double-cab layout, with three lifestyle-focused editions – Reef, Trail and Valley. The launch is planned by April 2027 at a starting price of INR1,979k ( Fig. 3 ). Key features include: Large vertical infotainment display with digital driver display. According to media reports ( link ), it is also expected to have sunroof, connected car tech, ADAS ...

Affin Bank AFIN.KL ABANK MK EQUITY: FINANCIALS Deteriorating asset quality Maintain Neutral, TP cut to MYR2.40 2Q26 in line with our forecasts, but below consensus estimates: Affin's 2Q26 net profit at MYR128mn was down 6% q-q and down 11% y-y, and 1H26 net profit formed 50% and 46% of our previous forecast and the Bloomberg consensus estimate, respectively ( Fig. 1 ). The sequential earnings decline was due to lower NIM, lower NOII and higher credit cost, while opex was flat q-q. Uncertain on FY26E guidanc ...

EQUITY: TELECOMS 2026E merger integration savings target raised Postpaid and home fibre resilient, prepaid softness continues; DNB to be recognized as associate in 4Q26E; maintain Buy with lower MYR3.89 TP 2Q26: Top-line stable q-q/y-y; profitability impacted by one-offs Celcom's 1H26 core EBITDA of MYR2.78bn was within our expectation, coming in 46%/48% of our/Bloomberg consensus full-year estimates. 2Q revenue at MYR3.18bn was flat q-q/y-y due to lower device sales partly offset by robust postpaid/home fi ...

Alkem Laboratories ALKE.NS ALKEM IN EQUITY: HEALTH CARE & PHARMACEUTICALS 1QFY27: Miss driven by costs, not demand Maintain Buy on domestic core and CDMO/MedTech optionality 1QFY27: Misses Street estimates on slower domestic growth and elevated costs Alkem's 1QFY27 results missed Street estimates ( Fig. 2 ) , with domestic formulation sales growth trailing most industry peers and operating costs escalating at a faster clip as the company scaled investments in new business verticals. Revenue/EBITDA/PAT came ...

Morning News & Views - Asia A Summary of Select Global Markets Research 17 August 2026 | SECURITY / SECTOR | TICKER | RATING | | CURR | | TARGET PRICE | | CURR | CUR YEAR EPS | | | NEXT YEAR EPS | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | NEW | | OLD | | | OLD | NEW | U/D% | | OLD | NEW | OLD | NEW | | COMPANY RATING CHANGES | | | | | | | | | | | | | | Indraprastha Gas Neutral | IGL IN | Buy | | INR | 200.00 | 155.00 | +2.0 | INR | 12.29 | 8.38 | 12.71 | 11.86 | | TAR ...

Japan Research Pack A Summary of Select Global Markets Research 17 August 2026 | SECURITY / SECTOR | TICKER | RATING | | CURR | | TARGET PRICE | | CURR | | CUR YEAR EPS | | NEXT YEAR EPS | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | NEW | | OLD | | | OLD | NEW | U/D% | | OLD | NEW | OLD | NEW | | COMPANY RATING CHANGES | | | | | | | | | | | | | | Brother Industries Neutral | 6448 JP | Buy | | JPY | 4,100 | 4,700 | 0.0 | JPY | 310.9 | 430.3 | 304.3 | 360.4 | | TARGET PRI ...

Marui Group [8252] Aeon Financial Service [8570] Global Markets Research 17 August 2026 Research Analysts Japan equity Equity Research Dept. - NSC nomura.equity.research-JP@nomura.com Notice of change in analyst EQUITY: JAPAN INSURANCE & DIVERSIFIED FINANCIALS Marui Group, Aeon Financial Service Analyst coverage of the following stocks will change as of 17 August 2026. New analyst: Futoshi Sasaki See Appendix A-1 for analyst certification, important disclosures and the status of non-US analysts. . Nomura | ...

Japan: 2026 Q2 first preliminary GDP estimates Economics - Japan (1) Real GDP growth exceeded potential growth but details do not impress; (2) main sources of private domestic demand failed to contribute to growth Real GDP expected to decline q-q temporarily in Jul-Sep Apr–Jun real GDP: Real GDP growth rate fell short of expectations On 17 August, the Cabinet Office released the first set of preliminary GDP estimates for 2026 Q2 (Apr–Jun). Real GDP growth came to +0.3% q-q (+1.1% annualized), slowing from t ...

Nomura Pulse Check Global Markets Research Economics - ASEAN India: With the early closure of the FCNR(B) scheme, will USD/INR cross 100 in the next three months? With the early closure of the FCNR(B) scheme, do you expect INR to weaken beyond ₹100/USD in the next three months? Cast your anonymous vote and instantly see what the accumulated responses say so far. Research Analysts Asia Economics Sonal Varma - NSL sonal.varma@nomura.com +65 6433 6527 Aurodeep Nandi - NFASL aurodeep.nandi@nomura.com +91 22 403 ...

Matsuzawa Morning Report Global Markets Research Macro Strategy - Japan - US economic data came in below expectations, lowering near-term rate hike expectations but lifting expectations for a later economic recovery. - US inflation expectations also rose, but remain at levels low enough that they are unlikely to trigger a hawkish shift by Fed Chair Kevin Warsh. - Although near-term rate hike expectations rose in Japan, JPY continued to weaken, and stronger Japanese equities spurred JPY selling demand. - Som ...