Saipem: Secures USD 1.3bn onshore E&C contract in BrazilSell the SPMIM 2.625% 1/25 at YTM of 1.5%.

SOFIX 542.48 (+0.17%) ticked higher on the ground of moderate optimism. Advance Terrafund (ATER, BGN 2.40, +2.96%) Gradus (GR6, BGN 1.48, +0.68%) and Sopharma (SFA, BGN 3.58, +0.56%) helped the North move of the main index while Albena (ALB, BGN 31.....

FY21 underlying loss before tax of £59.2m was better than our forecast £79.9m, driven by higher revenue (stores) and a better gross margin. Year-end net cash (pre-reported) of £66.7m was well ahead of our forecast of £7.1m this time last year. We le....

The HKSFC released the aggregate short positions data for June 4. JS Global Life (1691.HK) requires close monitoring, based on the latest short positions outstanding. There was a sizable decline in short positions in Cofco Meat (1610.HK), CICC (3908....

We expect botox exports to China in FY21F (W30bn) to beat Hugel’s guidance by 50%, which should lift Asia/total export growth to 91%/80%. As botox export ASP is 2.7x-3.3x higher than Korea ASP, potential EU/US approval for Hugel’s Letybo in 2H21F/1H....

EGBs: Primary market activity is likely to remain abundant as we expect Germany, France, Spain and Finland to sell EUR 29bn of bonds. In terms of new benchmarks, the German Finanzagentur will issue the new Bund Aug31 via auction. Issuance activity, w...