The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.

0416 GMT - Hiwin Technologies' higher average selling prices should help boost its 4Q margin, Daiwa Capital says, maintaining a buy rating on the stock. The tech company could see stronger sales contributions from its EU and U.S. markets, helped by resilient demand for semiconductor, automotive and machine tools. However, the investment bank cuts its target price to NT$450 from NT$500 after lowering its forecasts for Hiwin's 2022-2023 EPS on likely pressure from China's power curbs and the pandemic. Shares are 6.0% lower at NT$299, taking year-to-date losses to 19%. (justina.lee@wsj.com)

0411 GMT - Shimao Group's risk of defaulting on its loans doesn't appear to be as bad as its recent share- and bond-price declines suggest, CGS-CIMB says. Shimao's shares have tumbled 21% from a week ago, weighed by investor concerns about its ability to repay one of its trust loans, the broker says. However, CGS-CIMB estimates that the company can tap some CNY50 billion of ready cash to repay CNY44 billion of debt, including onshore and offshore borrowings, so investor worries may be overblown. CGS-CIMB keeps an add rating and HK$24.60 target price on the developer. Shares edge 0.1% lower to HK$9.69. (yongchang.chin@wsj.com)

0402 GMT - LG Uplus may get a boost to its shares in 4Q from likely growth of its internet protocol television service, Nomura says. The investment bank expects the South Korean wireless carrier's IPTV subscriber growth to accelerate in 4Q and next year as it has added Disney+ to its video-streaming service on top of Netflix. Nomura is also bullish on management's commitment to better shareholder returns, estimating the company's dividend yield at 4.2% in 2022, up from 3.2% in 2021. It raises the stock's target by 5.9% to KRW18,000 and keeps a buy rating. Shares are 0.7% higher at KRW14,250. (kwanwoo.jun@wsj.com)

0335 GMT - China Vanke looks like a safe bet amid China's property-sector woes, CGS-CIMB says. Not only would the spinoff of its property-management unit support the stock, but the broker also believes the company is one of the safest developers among its Hong Kong-listed peers because of its strong balance sheet and prudent operating strategy. It notes that China Vanke met all of the requirements of China's "three red lines" on property-sector debt in 1H, with a net gearing of only 20%, and it has investment-grade credit ratings from S&P, Fitch and Moody's. CGS-CIMB upgrades the stock to add from hold and maintains its target price at HK$22.40. Shares rise 6.3% to HK$18.10. (yongchang.chin@wsj.com)

0334 GMT - Kingsoft Corp.'s 3Q earnings may be hurt by China's suspension of game approvals, BOCOM International says, lowering its target price on the stock to HK$35.00 from HK$48.00 with an unchanged neutral rating. The software company's net profit margin could narrow to 8.0% in 3Q, mainly due to lower game revenue and increased research and development costs, the brokerage estimates. The decline in Kingsoft's game revenue mainly stems from aging of existing games, while suspension of game approvals has delayed the launch of several new games such as 'Wo Long Yin 2', the brokerage says. The shares are 1.8% lower at HK$32.00. (ronnie.harui@wsj.com)

0329 GMT - Genting Malaysia appears to be in good position to win one of three downstate commercial casino licenses in New York if the state proceed with a request for proposals, Maybank IB Research says. The New York State Gaming Commission recently launched a request for information for planning purposes on these licenses after a four-month delay. Maybank thinks that compared with a new player, Genting Malaysia is more capable of deploying table games and generating additional tax revenue for New York State quickly. Maybank keeps a buy rating and MYR3.40 target price on the stock, which is 1.0% higher at MYR3.16. (chester.tay@wsj.com)

0325 GMT - Nissin Foods may be pressured by high palm oil costs in 4Q, Daiwa Capital says, maintaining a hold rating on the stock. The investment bank lowers its forecasts for Nissin's 2021-2023 net profit by 5%-8%. However, Daiwa expects the food company's 4Q revenue to pick up slightly in the Hong Kong market, as controlled selling expenses could help offset some gross margin pressure. Daiwa raises its target price to HK$6.00 from HK$5.80 after adjusting its price-to-earnings ratio valuation. Shares are 4.0% lower at HK$5.50. (justina.lee@wsj.com)

0312 GMT - China Vanke's proposed spinoff of its property-management unit, Onewo, could support the parent company's near-term share price, CGS-CIMB says. The broker estimates Onewo's managed gross floor area to be 700 million square meters as of 1H, which would make it China's the largest property management company by area under management. "Given its good reputation in property management and strong support from parent China Vanke...we believe the unit should deserve a premium valuation compared with its key peers such as China Resources Mixc and Country Garden Services," it says. CGS-CIMB raises China Vanke's rating to add from hold, and maintains its HK$22.40 target. Shares rise 6.0% to HK$18.04. (yongchang.chin@wsj.com)

0308 GMT - Giant Manufacturing's medium- to long-term outlook seems promising, as it is expected to benefit from bike demand across the U.S., Europe and China with better capability than peers to cope with the current component shortage, Daiwa Capital Markets says. It reaffirms the stock's buy rating. The bicycle maker's demand outlook remains strong, but uncertainty over its supply chain lingers, Daiwa says. It cuts its 2021-23 EPS forecasts for Giant Manufacturing by 2%-6% while lowering the stock's target price to NT$390.00 from NT$410.00, given the company's worse-than-expected 3Q results and higher operating expenses and tax rates. Shares fall 5.1% to NT$306.50. (ronnie.harui@wsj.com)

0305 GMT - Telekom Malaysia is likely to deliver stronger financial results for 3Q as it may have gained more market share, Maybank IB Research says. Competitor TIME dotCom's subscriber acquisition may have slowed on its customer base concentration on high-rise buildings, which have more stringent Covid-19 lockdown rules that weighed on broadband installation progress in 3Q. Maybank says the risk-reward of Telekom has become more compelling after recent sell-down activity, with the broadband-services provider a beneficiary of work-from-home and 5G deployment trends. Maybank keeps a buy rating and MYR7.40 target price. Shares are 0.9% higher at MYR5.55. (chester.tay@wsj.com)

0244 GMT - Haidilao International's earnings will take a hit from its plans to close some stores but the move marks the start of restructuring and will help improve operations of the remaining stores, Jefferies says. The hot-pot restaurant chain operator will have to book a one-off impairment loss on plans to shut or suspend operations of about 300 underperforming restaurants by year-end, leading the U.S. bank to forecast a 2021 loss per share of CNY0.05 from an earlier EPS estimate of CNY0.14, adding it assumes Haidilao won't pay any dividend this year. Jefferies cuts its target price to HK$15.20 from HK$19.00 and maintains an underperform rating. Shares surge 11% to HK$23.30, though they are still 61% lower for the year. (clarence.leong@wsj.com)

0237 GMT - Copper edges higher in the Asian morning session, underpinned by positive economic data from the U.S. last Friday and from China over the weekend. Copper has also been supported by the continued decline in inventories, suggesting demand remains strong, ANZ says, noting that stockpiles on the Shanghai Futures Exchange fell 11,845 tons last week to hit a 12-year low of 37,482 tons. The three-month LME copper contract is up 0.1% at $9,524.50 a ton. (ronnie.harui@wsj.com)