July 30, 2026 11:41 AM GMT Mahanagar Gas Ltd | Asia Pacific M Update Growth Surprises AlphaSignals Earnings Reaction Unchanged Meaningful upside Modest revision higher Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Source: Company data, Morgan Stanley Research Key Takeaways We prefer oil refiners (more in Refiners: The "Golden Age") over gas plays. However, MGL remains our preferred city gas play in view of better gas sourcing and upside risks to growth both ...

30 Jul 2026 07:13:28 ET │ 10 pages Konica Minolta (4902.T) Q1 results – Slightly negative. Tariff refunds paint a good picture, but essentially a slow start CITI'S TAKE Both results and guidance proved somewhat disappointing. We view today's release as somewhat negative for the shares. Q1 business contribution profit increased 26% YoY to ¥11.6bn, but excluding an (unplanned) ¥7.4bn tariff refund, this represents a 54% YoY decline to ¥4.2bn. While the company had indicated at the beginning of the fiscal year ...

J P M O R G A N After market close, applied data analytics company Fair Isaac (FICO) reported 3QF26 (Jun. 2026) adjusted EPS of $12.18 before stock-based compensation (SBC), representing a modest miss versus our $12.29 JPMe. FICO's conservative guidance posture and strong pricing power have made earnings misses atypical in recent years. In this instance, we judge investors are likely to forgive a shortfall that, versus our model, can be explained by weak on-premise software and professional services revenue ...

Recommended Action: Strong revenue and order momentum should support the share price. July 30, 2026 10:08 AM GMT Nomura Research Institute (4307) | Japan M Update Jun-Q Results: Solid Revenue and Orders; OP In Line: Strong Financial , Industrial and Cybersecurity; Overseas Losses Controlled; All Segments Solid AlphaSignals Earnings Reaction Unchanged In-line Largely unchanged Impact to our thesis Financial results versus consensus Direction of next 12-month Source: Company data, Morgan Stanley Research Vs. ...

新型烟草：中国 HNB 征求意见稿正式公布，市场放 开在即 [Table_Industry] 轻工制造 [Table_ReportDate] 2026 年 07 月 30 日 证券研究报告 行业研究 [Table_ReportType] 行业事项点评 | [Table_StockAndRank] 轻工制造 | | | --- | --- | | 投资评级 | 看好 | | 上次评级 | 看好 | [Table_Author] 姜文镪 新消费行业首席分析师 执业编号：S1500524120004 邮箱：jiangwenqiang@cindasc.com 李晨 新消费行业分析师 执业编号：S1500525060001 邮箱：lichen1@cindasc.com 信达证券股份有限公司 CINDA SECURITIES CO.,LTD 北京市西城区宣武门西大街甲127号金隅大厦 B座 邮编：100031 [Table_Title] 新型烟草：中国 HNB 征求意见稿正式公布， 市场放开在即 [Table_ReportDate] 2026 年 07 月 30 日 4）加热卷烟整体定义：通过加热但不燃烧烟草基质，产生含 ...

J P M O R G A N Europe Equity Research 30 July 2026 BMW Review Q2'26: Model Update Post Earnings Call Post the earnings call, we book the fourth-quarter restructuring charges announced by the firm, weaker pricing power than expected in China, China dealer support payments, as well as some impact from product mix, as evidenced in the second- quarter results. Beyond the quarter, we have a full-year 2026 auto margin guidance of 1-3%, which possibly adjusted for restructuring charges and PPA impact is probably ...

Kabir Caprihan, CFA AC (1-212) 834-5613 kabir.x.caprihan@jpmorgan.com J P M O R G A N North America Credit Research 30 July 2026 High Grade Weekly Spotlight For the Week of August 3, 2026 Table 1: High Grade Credits in Spotlight | | Highlighted Bond | | Pricing and Ratings | | | --- | --- | --- | --- | --- | | Ticker | Coupon | Maturity | T + Spread | Ratings JPM View | | ARCC | 5.250% | 2031 | T+164bp | Earnings inline, valuations tight, expect Baa2/BBB | | | | | | n-t supply. | | Sector | BDCs | Analyst | ...

J P M O R G A N Asia Pacific Equity Research 30 July 2026 Hyundai Motor India First Take: 1QFY27 – a tough quarter, as expected Hyundai's 1QFY27 revenue/EBITDA were slightly ahead of JPMe and consensus forecasts. Revenue at Rs163.3bn (flat YoY) was +2% vs JPMe and +1% vs consensus, EBITDA at Rs15.1bn (-31% YoY) was a 3% beat on JPMe and 1% above consensus. EBIT came in at Rs9.5bn (-42% YoY, +9% above JPMe) and PAT at Rs8.9bn (-35% YoY) was +9% above JPMe. This quarter was expected to be negative for Hyundai ...

July 30, 2026 09:30 AM GMT Automatic Data Processing Inc | North America F4Q26 EPS Recap - No Employment Concerns Here | What's Changed | | | | --- | --- | --- | | Automatic Data Processing Inc (ADP.O) | From | To | | Price Target | $240.00 | $286.00 | ADP's underlying ES growth is steadier than the headline suggests after normalizing for FX and WFS, but float is still doing more of the work. Durable pricing, retention and employment support EPS, while tougher bookings comps keep us EW. PT rises to $286. Ke ...

2026 年 7 月 30 日 公司研究 中国市场承压拖累短期业绩，印度韩国高增对冲业绩压力 ——百威亚太（1876.HK）2026 年半年报点评 增持（维持） 当前价：6.93 港元 作者 分析师：陈彦彤 执业证书编号：S0930518070002 021-52523689 chenyt@ebscn.com 分析师：汪航宇 执业证书编号：S0930523070002 021-52523174 wanghangyu@ebscn.com 市场数据 | 总股本(亿股) | 132.43 | | --- | --- | | 总市值(亿港元)： | 917.77 | | 一年最低/最高(港元)： | 6.00/8.87 | | 近 3 月换手率： | 7.38% | 股价相对走势 -30% -25% -20% -15% -10% -5% 0% 5% 10% 15% 25/7 25/8 25/9 25/10 25/11 25/12 26/1 26/3 26/4 26/5 26/6 26/7 百威亚太 恒生指数 | 收益表现 | | | | | --- | --- | --- | --- | | % | 1M | 3M ...