(Bloomberg) — Changes since 2:00pm HKT on Friday, July 2. Australia & New Zealand

  • Initiations:
  • Acrow Formwork (ACF AU) rated new buy at CCZ Statton Equities Pty Ltd.

China, Hong Kong & Taiwan

  • Upgrades:
  • Chinasoft Int’l (354 HK) raised to buy at Goldman; PT HK$21.81
  • Downgrades:
  • Cub Elecparts (2231 TT) cut to neutral at KGI Securities; PT NT$219
  • Tanvex BioPharma (6541 TT) cut to neutral at KGI Securities; PT NT$53
  • Initiations:
  • Advanced Micro-Fab (688012 CH) rated new buy at Guosheng Securities
  • MeiG Smart Technology (002881 CH) rated new overweight at Huatai Research
  • Nayuki (2150 HK) rated new buy at First Shanghai; PT HK$27
  • Rated new buy at Guosheng Securities; PT HK$24.80
  • Shenzhen Topband (002139 CH) rated new overweight at Huatai Research
  • Suzhou TFC (300394 CH) rated new overweight at Huatai Research
  • Weimob (2013 HK) rated new buy at Huatai Research; PT HK$20.60
  • Zhejiang Natural Outdoor Goods (605080 CH) rated new buy at TF International

India

  • Downgrades:
  • Mphasis (MPHL IN) cut to neutral at Macquarie; PT 1,970 rupees
  • Persistent Systems (PSYS IN) cut to underperform at Macquarie
  • Sadbhav Eng (SADE IN) cut to accumulate at Prabhudas Lilladher
  • Wipro (WPRO IN) cut to neutral at Macquarie; PT 540 rupees
  • Initiations:
  • Apollo Pipes (APOLP IN) rated new buy at Equirus Securities Pvt Ltd
  • Prince Pipes (PRINCPIP IN) rated new add at Equirus Securities Pvt Ltd

Japan

  • Downgrades:
  • Mitsubishi Electric (6503 JP) cut to neutral plus at Iwai Cosmo
  • Toshiba (6502 JP) cut to neutral at Tokai Tokyo; PT 5,200 Yen
  • Initiations:
  • Shin-Etsu Polymer (7970 JP) rated new outperform at Iwai Cosmo

Southeast Asia

  • Initiations:
  • Monde Nissin (MONDE PM) rated new outperform at PNB; PT PHP20

South Korea

  • Upgrades:

o    Pearl Abyss (263750 KS) raised to neutral at Macquarie; PT 78,000 Won