Auto & Transport Roundup: Market Talk

The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0538 GMT – International Container Terminal Services stands to benefit from stronger demand in emerging and frontier markets in medium term, Citi Research’s Kaseedit Choonnawat says in a research report. Drivers include trade diversification, continued port capacity investments and the liner industry’s improved ability to pay higher port charges, the analyst says. Also, the Middle East conflict should delay pace of full-scale resumption of Suez Canal, potentially supporting container freight rates and the port manager’s pricing power. Citi Research lifts its 2026-2028 core earnings forecasts for the company by 13%-18%. It raises the stock’s target price to 1,079.00 pesos from 835.00 pesos, with an unchanged buy rating. Shares are 0.5% higher at 974.00 pesos. ([email protected])