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Real-time News
Mitsubishi Corporation: Berkshire Hathaway (BRK.AN, BRK.BN) already holds a 10.23% stake in the company.On August 28th, HSBC Research published a report stating that as the impact of volume-based procurement eased, China Medical System (00867.HK) delivered strong first-half results, with revenue and profit increasing by 11% and 3%, respectively, exceeding the banks expectations. The bank raised its earnings forecast for 2025-2027 by 1% to 3%. The bank also noted that the companys share price has significantly outperformed the Hang Seng Index this year, likely due to its optimistic sales growth prospects for its innovative drugs. However, the stock currently trades at 15 times its 2026 forecast price-to-earnings ratio, and with a projected net profit compound annual growth rate of over 20% from 2025-2027, the stock remains attractive. The bank expects further upside potential from the companys innovative drug launches and increased sales, raising its target price from HK$16.1 to HK$16.8, maintaining its Buy rating. The bank expects the companys revenue to reach RMB 8.3 billion, RMB 10 billion, and RMB 12.7 billion in 2025-2027, with profits reaching RMB 1.7 billion, RMB 2 billion, and RMB 2.5 billion, respectively.On August 28, Bank of Japan (BoJ) board member Junko Nakagawa reiterated the banks intention to raise interest rates further, while citing the impact of increased US tariffs as a key concern. "As trade-related uncertainties and their impact on global markets persist, the Bank will make monetary policy decisions as appropriate by continuing to carefully assess available data and information," she said, emphasizing the importance of the upcoming Tankan business survey, which will assess the impact of recent months progress in trade negotiations on Japanese business sentiment. The BoJ has maintained its policy rate at 0.5% since its last hike in January due to concerns about the impact of US tariffs on the economy. Economists expect the BoJ to resume tightening monetary policy soon, given the US and Japan have reached a trade agreement. The BoJs policy board is scheduled to meet on September 18-19.Japans 5-year government bond yield fell 1.0 basis point to 1.150%.On August 26, Li Chenggang, International Trade Negotiator and Vice Minister, attended the Canadian Business Council CEO Roundtable in Ottawa, Canada.
