Tech, Media & Telecom Roundup: Market Talk

The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0744 GMT - Rising interest rates in the U.S. have likely capped the performance of Singapore's small- and mid-cap stocks, say Macquarie Capital analysts in a note, citing historical trading patterns. Higher rates have likely prevented these small-to-mid-cap stocks from reaping the full benefits of the latest tranche of funds under Singapore's equities development market program meant to boost trading in small- and mid-cap stocks, the analysts say. Overall liquidity has been declining and stock liquidity has pivoted back towards larger caps, they say. Macquarie analysts remain focused on companies with strong, visible earnings growth, such as UOB-Kay Hian and UMS Integration. (megan.cheah@wsj.com)

0330 GMT - Panasonic Holdings' 2H guidance still seems conservative after the Japanese electronics maker raised full-year earnings forecasts, says Atul Goyal at Jefferies in a note. Artificial intelligence-related infrastructure demand and restructuring helped drive broad-based margin gains in 2Q, led by its energy and industry segments, the analyst says. Demand for battery backup units and capacitors remains strong, with further capacity investment likely. The stock valuation remains reasonable if AI-related growth, restructuring and pricing drive operating-profit growth beyond the fiscal year ending March 2027, he says. Key risks are data-center project timing and input costs. The bank maintains a buy rating and a target price of 4,684 yen. Shares are up 5.2% at Y3,731. (kosaku.narioka@wsj.com; @kosakunarioka)

0117 GMT - CelcomDigi's 3Q core net profit is estimated to have increased 1%-3% sequentially, helped by lower costs, CIMB Securities analysts Choong Chen Foong and Kenny Lim say in a note. They tip 3Q core earnings up 4%-6% on year at 430 million-440 million ringgit. Service revenue may have remained flat as tighter prepaid SIM registration rules weighed on demand, although lower dealer commissions and SIM card costs should cushion the impact, they reckon. The analysts cut their 2026-2028 core earnings forecasts by 1%-4% to account for higher costs from additional spectrum rights, but expect network capacity and coverage to improve. CIMB maintains a buy rating on CelcomDigi and keeps its target price at 3.65 ringgit. Shares are 0.4% lower at 2.53 ringgit. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

November 02, 2026 04:20 ET (09:20 GMT)