Plume and Shinhan Asset Management signed an MOU to test a KRW-denominated tokenized fund backed by Shinhan's won ultra-short-term bond fund. The proof of concept will simulate issuance offshore without actual token issuance or distribution, excluding Korean residents, and will test compliance features like whitelist controls, KYC, and AML. This project aims to explore the feasibility of bringing KRW-denominated investment products to offshore markets via tokenized infrastructure before South Korea's new token securities law takes effect in 2027. The trial benchmarks BlackRock's tokenized fund model but remains exploratory with no commercial launch planned yet.
Hooker Furnishings reported Q2 fiscal 2027 earnings of $0.11 per share from continuing operations, beating analyst expectations of a $0.02 loss per share, while total diluted EPS including discontinued operations was $0.15. However, quarterly net sal...
Salesforce received a Buy rating and $275 price target from Stifel Nicolaus, reflecting a potential 10.88% upside from its current price of $248. The upgrade follows strong Q2 results and growing confidence in Salesforce's AI initiatives, including i...
Coffee Holding Co. reported a strong third-quarter earnings per share of $0.35, far surpassing analyst expectations, signaling robust profitability. However, revenue declined to $21.69 million, missing estimates due to falling green coffee prices and...
An analyst from DA Davidson reduced the price target for Brinker International to $240 from $260, reflecting a 12.64% potential upside from the current trading price of $213.06. This adjustment follows a 10% share decline over the past month, althoug...
Telsey Advisory maintained a Market Perform rating for RH, a luxury home furnishings company, after its mixed Q2 results. RH reported strong earnings of $2.70 per share, beating estimates significantly, but its revenue of $922.15 million fell short o...
