Sumitomo Corp (8053 JT) is to acquire band display business from Nomura Research Institute (4307 JT)
Newsquawk Staff ·
Sumitomo Corp (8053 JT) is to acquire band display business from Nomura Research Institute (4307 JT)
What it means
Sumitomo Corp's acquisition of the band display business from Nomura Research Institute signals a strategic expansion into new technology sectors, which could enhance its product offerings and market share. This move also suggests confidence in the growth prospects of the display business, potentially indicating Sollies within tech markets. Watch for possible synergies and how this might influence Sumitomo's overall valuation and investor sentiment in the sector.
- State Bank of India (SBIN IS) Q2 2026 (INR): Net Income 230.4bln (exp. 226.2bln)
- Chinese regulators have reportedly told banks to pause IPOs and large share sales to bolster markets, FT reports citing sources
- PRE-MARKET INDIAN STOCKS NEWS: Earnings from Container Corp. of India, ITC, National Aluminium Co, and Petronet
- PRE-MARKET CHINESE STOCKS NEWS: Chinese authorities have launched a renewed effort to stabilise the country's struggling stock market
- LG Energy Solution (373220 KS) final Q3 (KRW) net loss 296.9bln (prev. profit 536bln Y/Y), oper. profit 756.0bln (prelim. 756bln), rev. 9.64tln (prelim. 9.64tln), raises FY26 rev. growth outlook to '35%-40%' from 'mid-teens to 20% range'
Related headlines
- PRE-MARKET SOUTH KOREAN STOCKS NEWS: Hyundai Motor (005380 KS) October vehicle sales fell 6.3% Y/Y to 329,773 units, Kia (000270 KS) October vehicle sales rose 10.3% Y/Y to 291,219 units6 days ago
- PRE-MARKET AUSTRALIAN STOCKS NEWS: RBA rate decision in focus6 days ago
- Samsung Electronics (005930 KS) has reportedly told customers that it will entirely exit the eight-inch foundry business in 2030, The Elec reports6 days ago
- S-Oil Corp (010950 KS) Q3 (KRW) net 1.44tln (prev. 871.9bln Y/Y), rev. 11.97tln (exp. 11.16tln)6 days ago
- Sumitomo Corp (8053 JT) H1 (JPY) net 347.9bln (prev. 301.2bln Y/Y), rev. 3.92tln (prev. 3.54tln Y/Y)6 days ago
- PRE-MARKET INDIAN STOCKS NEWS: Earnings deluge including Bharat Electronics, Indian Oil Corp, Sun Pharmaceuticals, Reliance Industries & Jio Platforms6 days ago
- PRE-MARKET CHINESE STOCKS NEWS: Chinese big banks reported earnings growth, Official PMIs disappointed, PBoC will meet with the NFRA, CSRC and major banks on Monday to discuss measures to support the capital market6 days ago
- PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: ASE Technology Holding (3711 TT) raised its annual capex budget6 days ago
- PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Kioxia Holdings (285A JT) expects October-December 2026 net profit to rise 15-fold Y/Y to JPY 1.36tln7 days ago
- PRE-MARKET AUSTRALIAN STOCKS NEWS: Westpac (WBC AT) FY (AUD) net fell 1% Y/Y to 6.81bln, rev. rose 1% Y/Y to 22.6bln7 days ago
- Reliance (RIL IS) Q2 2026 (INR): Net 255.5bln (exp. 213bln)Oct 30
- CXMT (688825 CH) Q3 2026 (CNY): Revenue 118bln, +613% Y/Y. Buying back CNY 1-2bln of shares.Oct 30
- Kioxia Holdings (285A JT) Q2 2026 (JPY): Net Profit 1.356tln (exp. 1.36tln, prev. 40.66bln Y/Y), Revenue 2.480tln (prev. 448.35bln Y/Y). Guides Q3 operating profit of JPY 2.00tln (exp. 2.35tln)Oct 30
- China Construction Bank (939 HK) - Q3 2026 (CNY): Net Profit 104.66bln (prev. 95.28bln Y/Y), Operating Income 197.23bln (prev. 174.38bln Y/Y), NII 159.45bln (prev. 140.90bln Y/Y)Oct 30
- Bank of China (3988 HK) Q3 2026 (CNY): Net income 63.89bln, +6.4% Y/YOct 30