The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.
0658 GMT - Nordic markets are seen opening lower with IG calling the OMXS30 down 1.3% at around 2827. The Middle East conflict continues to escalate and Israel says that it attacked Iranian infrastructure overnight, SEB's Sweden Chief Strategist Olle Holmgren writes. President Trump threatened to bomb Iran's energy system if the Strait of Hormuz wasn't opened within 48 hours, he adds. Iran is demanding an easing of sanctions to open the strait and threatening to attack oil and infrastructure and energy production in the immediate area. U.S. stocks closed lower Friday on concerns about weaker growth and rising interest rates. Stock markets in Asia are sharply lower and equity market futures in Europe are pointing downwards by about 1.5%. OMXS30 closed at 2864.69, OMXN40 at 2377.81 and OBX at 1921.93. (dominic.chopping@wsj.com)
0642 GMT - AEM Holdings looks well-positioned to ride the growing system-level test market, DBS Group Research's Amanda Tan says in a research report. New technology is driving growth in test-related spending, leading to higher demand for AEM's system-level test solutions in the long term, the analyst says. The company is also at the cusp of a multiyear solutions rollout for new clients, with contributions from fabless AI customers expected to more than double in 2026. DBS raises the stock's target price to S$4.60 from S$3.30 based on an estimated 32 times 2027 earnings to better reflect a more representative earnings base, while maintaining a buy rating. Shares are 5.4% lower at S$3.88. (ronnie.harui@wsj.com)
0639 GMT - Samsonite's shares seem too cheap to ignore despite the company's uncertain prospects due to the Middle East conflict, says Morningstar's Ivan Su in a note. The ongoing conflict is expected to leave the luggage maker's total sales roughly flat on year, the analyst notes. While the near-term hit to earnings is limited due to the company's five to six months of inventory, a prolonged conflict could expose Samsonite to higher oil-driven sourcing costs, they add. Still, shares are currently trading at 10X its estimated 2026 earnings and the company is committing to a 45% dividend payout ratio, he says. The stock is therefore a bargain at its current levels. Morningstar retains its HK$24.00 fair-value estimate on Samsonite, which is down 3.85% at HK$14.625. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 23, 2026 02:58 ET (06:58 GMT)
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