(Bloomberg) — Changes since 2:00pm HKT on Monday, July 5. Australia & New Zealand

Upgrades:

  • Carnarvon (CVN AU) raised to overweight at JPMorgan
  • EML Payments (EML AU) raised to outperform at RBC; PT A$4.50
  • IGO (IGO AU) raised to buy at Goldman; PT A$9.30
  • Oil Search (OSH AU) raised to add at Morgans Financial Limited; PT A$4.70
  • Tabcorp (TAH AU) raised to add at Morgans Financial Limited; PT A$5.66

Downgrades:

  • Johns Lyng (JLG AU) cut to hold at Canaccord; PT A$5.05
  • Sydney Airport (SYD AU) cut to hold at Morgans Financial Limited

China, Hong Kong & Taiwan

Upgrades:

  • Advantech (2395 TT) raised to buy at President Capital Management
  • Gongniu Group (603195 CH) raised to overweight at Huatai Research
  • Shanghai Weaver Network (603039 CH) raised to buy at Citic Securities

Initiations:

  • Far East Smarter Energy (600869 CH) rated new add at Northeast Securities
  • Fiyta Precision Technology (200026 CH) rated new buy at Soochow Securities
  • Harvatek (6168 TT) reinstated neutral at SinoPac
  • Jingjin Environ (603279 CH) rated new buy at Zhongtai Securities
  • Jinhong Fashion Group Co Ltd (603518 CH) rated new buy at GF Securities
  • Jiumaojiu (9922 HK) rated new add at Sealand Securities
  • SF REIT (2191 HK) rated new outperform at Credit Suisse; PT HK$5.39
  • ShenMao Technology (3305 TT) rated new buy at President Capital Management
  • Shenzhen Colibri (002957 CH) rated new accumulate at Zhongtai Securities
  • Xinyi Glass (868 HK) rated new buy at Guoyuan Securities (HK) Ltd

India

Upgrades:

  • Affle India (AFFLE IN) raised to buy at Dolat Capital; PT 5,820 rupees
  • Coromandel (CRIN IN) raised to accumulate at Prabhudas Lilladher
  • Ramco Systems (RMCS IN) raised to buy at Dolat Capital; PT 760 rupees

Downgrades:

  • Cyient (CYL IN) cut to add at IIFL; PT 860 rupees
  • Firstsource Solutions (FSOL IN) cut to reduce at Dolat Capital
  • Infosys (INFO IN) cut to reduce at Dolat Capital; PT 1,520 rupees
  • Mphasis (MPHL IN) cut to reduce at Dolat Capital; PT 1,910 rupees
  • NIIT Ltd. (NIIT IN) cut to reduce at Dolat Capital; PT 270 rupees
  • Sadbhav Eng (SADE IN) cut to add at Equirus Securities Pvt Ltd
  • SpiceJet (SJET IN) cut to hold at HSBC; PT 80 rupees
  • Ujjivan Small Finance (UJJIVANS IN) cut to hold at Investec; PT 34 rupees
  • Wipro (WPRO IN) cut to reduce at IIFL; PT 495 rupees

Initiations:

  • Cholamandalam (CIFC IN) rated new buy at Systematix Shares & Stocks
  • M&M Financial (MMFS IN) rated new buy at Systematix Shares & Stocks
  • Shriram Transport (SHTF IN) rated new buy at Systematix Shares & Stocks
  • V-Mart Retail (VMART IN) rated new buy at Equirus Securities Pvt Ltd
  • Vodafone Idea (IDEA IN) rated new reduce at YES Research; PT 8 rupees

Japan

Upgrades:

  • Daikin (6367 JP) raised to buy at Jefferies; PT 24,500 Yen
  • Orix (8591 JP) raised to outperform at Tokai Tokyo; PT 2,300 Yen

Downgrades:

  • Delica Foods Holdings (3392 JP) cut to neutral at Ichiyoshi Research
  • Kuraray (3405 JP) cut to sell at Goldman; PT 1,010 Yen
  • eGuarantee (8771 JP) cut to neutral at Tokai Tokyo; PT 2,300 Yen

Southeast Asia

Upgrades:

  • Bumrungrad (BH TB) raised to neutral at Kasikorn Securities; PT THB122
  • Sime Darby (SIME MK) raised to outperform at Kenanga Investment Bank

Downgrades:

  • CIMB (CIMB MK) cut to hold at Maybank; PT MYR4.90
  • Jasa Marga (JSMR IJ) cut to neutral at JPMorgan; PT IDR3,700
  • Tan Chong Motor (TCM MK) cut to underperform at Kenanga Investment Bank

Initiations:

  • AKR Corporindo (AKRA IJ) rated new buy at Henan Putihrai; PT IDR3,830
  • Adi Sarana Armada (ASSA IJ) rated new buy at Samuel Sekuritas; PT IDR3,000
  • Jardine Matheson (JM SP) reinstated overweight at JPMorgan; PT $85
  • Sermsang Power (SSP TB) rated new add at CGS-CIMB; PT THB18.40
  • Shrinkflex Thailand (SFT TB) rated new buy at KTB Securities Thailand

South Korea

  • Initiations:

o   Orion Corp. (271560 KS) rated new buy at Daiwa; PT 146,000 Won