Latest news with #post-US
Mint
23-06-2025
- Business
- Mint
Israel-Iran war: AVIC Chengdu share price edges higher despite Hormuz Straight close buzz
Israel-Iran war: Despite weak global market sentiments post-US attacks in Iran, J-10 fighter jet maker company AVIC Chengdu Aircraft Limited remained under the bull's radar. AVIC Chengdu share price edges higher during Monday deals despite fear of Hormuz Straight closure. AVIC Chengdu's share price today opened upside at 84 yuan per share and touched an intraday high of 85.04 yuan per share. However, AVIC Chengdu shares witnessed some profit booking and came down to 84.20 yuan per share levels. According to stock market experts, AVIC Chengdu's share price witnessed some selling pressure after the outbreak of the Israel-Iran war last week and came close to 80 yuan per share. However, AVIC Chengdu's share price sustained above its strong support base, standing at 79 yuan per share. So, bulls are betting high on the stock after the stock showed some resilience at the lower support despite high tension in the Middle East. They said that AVIC Chengdu's share price may go up to 105 yuan per share levels once the stock closes above 86 yuan per share. Speaking on the technical outlook of AVIC Chengdu share price, Anshul Jain, Head of Research at Lakshmishree Investment, said, "AVIC Chengdu share price broke out of an 18-day cup and handle pattern that is part of a larger flag formation, triggering a bullish signal at 86 yuan per share. The stock must hold above the key support zone at 79 for the breakout to sustain. A swift move toward 105 yuan per share is highly likely if this level holds. The broader structure indicates consolidation within strength, and any volume expansion will further support the bullish continuation." The Pentagon on Sunday announced that the US launched Operation Midnight Hammer and conducted "precision strikes" at three of Iran's key nuclear facilities, including Fordow, Natanz, and Isfahan. Iran's Ambassador to India, Iraj Elahi, has slammed Israel and the US, stating that both countries have gravely violated the UN Charter, international law, and the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) by attacking Iran's peaceful nuclear facilities. He said that the governments of the US and Israel are fully responsible for the "hazardous consequences of this grave crime." After the US airstrikes in Iran, the Iranian government threatened to close the Hormuz Straight, which is fueling crude oil prices, as the closure would negatively impact the demand-supply constraint. "The United States and Zionist regime have committed a grave violation of the UN Charter, international law, and the NPT by attacking Iran's peaceful nuclear facilities. The aggressive US government and the Zionist regime are held fully responsible for the hazardous consequences of this grave crime," Elahi said. Iraj Elahi said that Iran expects the United Nations and its responsible members to condemn the US and Israel for their military actions against nuclear facilities. Speaking on the developments in the Israel-Iran war, Morgan Stanley Chief Economic Strategist Ellen Zentner said, "With the US economy already expected to slow under pressure from the Trump administration's high import tariffs, a rise in oil prices resulting from the conflict "could provide powerful downward pressure on households' ability to spend... and that could slow GDP even more." (With inputs from ANI, Reuters)
Mint
23-06-2025
- Business
- Mint
Israel-Iran war: AVIC Chengdu share price edges higher despite fear of Hormuz Straight close buzz
Israel-Iran war: Despite weak global market sentiments post-US attacks in Iran, J-10 fighter jet maker company AVIC Chengdu Aircraft Limited remained under the bull's radar. AVIC Chengdu share price edges higher during Monday deals despite fear of Hormuz Straight closure. AVIC Chengdu's share price today opened upside at 84 yuan per share and touched an intraday high of 85.04 yuan per share. However, AVIC Chengdu shares witnessed some profit booking and came down to 84.20 yuan per share levels. According to stock market experts, AVIC Chengdu's share price witnessed some selling pressure after the outbreak of the Israel-Iran war last week and came close to 80 yuan per share. However, AVIC Chengdu's share price sustained above its strong support base, standing at 79 yuan per share. So, bulls are betting high on the stock after the stock showed some resilience at the lower support despite high tension in the Middle East. They said that AVIC Chengdu's share price may go up to 105 yuan per share levels once the stock closes above 86 yuan per share. Speaking on the technical outlook of AVIC Chengdu share price, Anshul Jain, Head of Research at Lakshmishree Investment, said, "AVIC Chengdu share price broke out of an 18-day cup and handle pattern that is part of a larger flag formation, triggering a bullish signal at 86 yuan per share. The stock must hold above the key support zone at 79 for the breakout to sustain. A swift move toward 105 yuan per share is highly likely if this level holds. The broader structure indicates consolidation within strength, and any volume expansion will further support the bullish continuation." The Pentagon on Sunday announced that the US launched Operation Midnight Hammer and conducted "precision strikes" at three of Iran's key nuclear facilities, including Fordow, Natanz, and Isfahan. Iran's Ambassador to India, Iraj Elahi, has slammed Israel and the US, stating that both countries have gravely violated the UN Charter, international law, and the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) by attacking Iran's peaceful nuclear facilities. He said that the governments of the US and Israel are fully responsible for the "hazardous consequences of this grave crime." After the US airstrikes in Iran, the Iranian government threatened to close the Hormuz Straight, which is fueling crude oil prices, as the closure would negatively impact the demand-supply constraint. "The United States and Zionist regime have committed a grave violation of the UN Charter, international law, and the NPT by attacking Iran's peaceful nuclear facilities. The aggressive US government and the Zionist regime are held fully responsible for the hazardous consequences of this grave crime," Elahi said. Iraj Elahi said that Iran expects the United Nations and its responsible members to condemn the US and Israel for their military actions against nuclear facilities. Speaking on the developments in the Israel-Iran war, Morgan Stanley Chief Economic Strategist Ellen Zentner said, "With the US economy already expected to slow under pressure from the Trump administration's high import tariffs, a rise in oil prices resulting from the conflict "could provide powerful downward pressure on households' ability to spend... and that could slow GDP even more." (With inputs from ANI, Reuters) Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
The Sun
08-06-2025
- Business
- The Sun
MIDF Research: Crude oil prices to remain under pressure as supply outpaces demand
KUALA LUMPUR: Crude oil prices are expected to remain under pressure and could fall below US$65 (RM274) per barrel (pb) due to persistent oversupply and weaker demand projections, according to MIDF Amanah Investment Bank Bhd (MIDF Research). However, MIDF Research noted that prices may stabilise over the longer term, even as inventories continue to rise. Sentiment surrounding trade policy developments between the United States and China remains a significant risk to market movements, it said in a note. 'Natural gas and liquified natural gas (LNG) are expected to see a rebound after May 2025's maintenance round concluded for most of the global gas and LNG facilities. Nevertheless, the downside risks to the lower oil price remain on new exploration projects, but may be beneficial for onshore storage, long-term tankers and retail fuel,' it said. MIDF Research opines that the scenarios of the global oil market and global economy will continue to keep Brent crude oil price within the US$60-65 pb range, averaging around US$62 pb this month. 'This lower expectation is considering the risks of post-US trade tariff pause, as well as the stockpiling of oil inventories in the near term,' said MIDF Research. Meanwhile, the investment bank said Asean collaborations have offered a brighter outlook for the oil and gas (O&G) sector. MIDF Research stated that Petroliam Nasional Bhd (Petronas) is continuing its aggressive exploration and production activities in the upstream sector, despite lower crude oil prices. Meanwhile, the midstream and downstream divisions are expected to turn towards sustainability and green energy solutions, integrating these initiatives into their operations. 'During the Asean summit that concluded in May 2025, the transportation and logistics of LNG and carbon capture and storage (CCS) were highlighted as strategic priorities for the region. 'More focus was set on renewable energy and hydrogen projects to be integrated with the conventional O&G developments, providing a balanced and sound energy transition as highlighted in Malaysia's National Energy Transition Roadmap,' it noted. MIDF Research said regional cooperation is likely to expand through energy security, carbon credit management, Environmental Corporation America compliance and CCS solutions. 'In addition, we opine that domestic demand and robust LNG exports will continue to locally support the sector. 'Overall, we retain a 'Neutral' view on the O&G sector, as it continues to face challenges, primarily from oil price volatility, driven by output hikes from the Organisation of the Petroleum Exporting Countries plus and non-Opec producers, including sluggish global demand due to tariff-related uncertainties,' it added. – Bernama
The Sun
06-06-2025
- Business
- The Sun
MIDF Research: Oil prices under pressure as supply outpaces demand
KUALA LUMPUR: Crude oil prices are expected to remain under pressure and could fall below US$65 per barrel (pb) due to persistent oversupply and weaker demand projections, according to MIDF Amanah Investment Bank Bhd (MIDF Research). However, MIDF Research noted that prices may stabilise over the longer term, even as inventories continue to rise. Sentiment surrounding trade policy developments between the United States (US) and China remains a significant risk to market movements, it said in a note today. 'Natural gas and liquified natural gas (LNG) are expected to see a rebound after May 2025's maintenance round concluded for most of the global gas and LNG facilities. 'Nevertheless, the downside risks to the lower oil price remain on new exploration projects, but may be beneficial for onshore storage, long-term tankers and retail fuel,' it said. MIDF Research opines that the scenarios of the global oil market and global economy will continue to keep Brent crude oil price within the US$60-65 pb range, averaging around US$62 pb in June 2025. 'This lower expectation is considering the risks of post-US trade tariff pause, as well as the stockpiling of oil inventories in the near term,' said MIDF Research. Meanwhile, the investment bank said ASEAN collaborations have offered a brighter outlook for the oil and gas (O&G) sector. MIDF Research stated that Petroliam Nasional Bhd (Petronas) is continuing its aggressive exploration and production (E&P) activities in the upstream sector, despite lower crude oil prices. Meanwhile, the midstream and downstream divisions are expected to turn towards sustainability and green energy solutions, integrating these initiatives into their operations. 'During the ASEAN summit that concluded in May 2025, the transportation and logistics of LNG and carbon capture and storage (CCS) were highlighted as strategic priorities for the region. 'More focus was set on renewable energy and hydrogen projects to be integrated with the conventional O&G developments, providing a balanced and sound energy transition as highlighted in Malaysia's National Energy Transition Roadmap (NETR),' it noted. MIDF Research added that regional cooperation is likely to expand through energy security, carbon credit management, Environmental Corporation America (ECA) compliance and CCS solutions. 'In addition, we opine that domestic demand and robust LNG exports will continue to locally support the sector. 'Overall, we retain a 'Neutral' view on the O&G sector, as it continues to face challenges, primarily from oil price volatility, driven by output hikes from the Organisation of the Petroleum Exporting Countries plus (OPEC+) and non-OPEC producers, including sluggish global demand due to tariff-related uncertainties,' it added.
The Sun
06-06-2025
- Business
- The Sun
Oil prices may dip below $65 amid weak demand, oversupply
KUALA LUMPUR: Crude oil prices are expected to remain under pressure and could fall below US$65 per barrel (pb) due to persistent oversupply and weaker demand projections, according to MIDF Amanah Investment Bank Bhd (MIDF Research). However, MIDF Research noted that prices may stabilise over the longer term, even as inventories continue to rise. Sentiment surrounding trade policy developments between the United States (US) and China remains a significant risk to market movements, it said in a note today. 'Natural gas and liquified natural gas (LNG) are expected to see a rebound after May 2025's maintenance round concluded for most of the global gas and LNG facilities. 'Nevertheless, the downside risks to the lower oil price remain on new exploration projects, but may be beneficial for onshore storage, long-term tankers and retail fuel,' it said. MIDF Research opines that the scenarios of the global oil market and global economy will continue to keep Brent crude oil price within the US$60-65 pb range, averaging around US$62 pb in June 2025. 'This lower expectation is considering the risks of post-US trade tariff pause, as well as the stockpiling of oil inventories in the near term,' said MIDF Research. Meanwhile, the investment bank said ASEAN collaborations have offered a brighter outlook for the oil and gas (O&G) sector. MIDF Research stated that Petroliam Nasional Bhd (Petronas) is continuing its aggressive exploration and production (E&P) activities in the upstream sector, despite lower crude oil prices. Meanwhile, the midstream and downstream divisions are expected to turn towards sustainability and green energy solutions, integrating these initiatives into their operations. 'During the ASEAN summit that concluded in May 2025, the transportation and logistics of LNG and carbon capture and storage (CCS) were highlighted as strategic priorities for the region. 'More focus was set on renewable energy and hydrogen projects to be integrated with the conventional O&G developments, providing a balanced and sound energy transition as highlighted in Malaysia's National Energy Transition Roadmap (NETR),' it noted. MIDF Research added that regional cooperation is likely to expand through energy security, carbon credit management, Environmental Corporation America (ECA) compliance and CCS solutions. 'In addition, we opine that domestic demand and robust LNG exports will continue to locally support the sector. 'Overall, we retain a 'Neutral' view on the O&G sector, as it continues to face challenges, primarily from oil price volatility, driven by output hikes from the Organisation of the Petroleum Exporting Countries plus (OPEC+) and non-OPEC producers, including sluggish global demand due to tariff-related uncertainties,' it added.
