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.

0807 GMT - Yangzijiang Shipbuilding shares likely offer an attractive risk-reward profile with a potential 6.6% dividend yield in 2027, say CGS International analysts in a note. The Singapore-listed shipbuilder is forecast to deliver robust revenue growth as it is expected to deliver contracts from 2023 and the most of 2024, they say. Stronger revenue recognition and gradual capacity expansion at its Hongyuan yard in China should support its profit, the analysts add. They therefore raise their 2026-2028 earnings estimates by 3.0%-8.0%. CGSI lifts its target price to 5.10 Singapore dollars from S$4.95 and retains its add rating. Shares rise 5.9% to S$3.95. (megan.cheah@wsj.com)

0757 GMT - Oil prices extend gains, with Brent crude topping $94 a barrel after President Trump minimized the prospect of immediate talks with Iran. In early European trading, the global oil benchmark climbs 4.1% to $94.72 a barrel, the highest in nearly seven weeks, while WTI futures are up 4.1% to $87.78 a barrel. Traffic through the Strait of Hormuz has declined sharply, while several tankers are moving to avoid the Bab el-Mandeb Strait, market watchers say. Meanwhile, the Caspian Pipeline Consortium stopped receiving oil from Kazakhstan after suspending loadings due to attacks on oil tankers at its Black Sea terminal, according to reports. "Factoring in the renewed disruptions from the Persian Gulf, risks to Saudi crude exports from the Red Sea, and developments in the Black Sea, one may argue that Brent at just over $91 a barrel is undervalued," analysts at ING say. "Particularly if these disruptions persist into August." (giulia.petroni@wsj.com)

0709 GMT - International Container Terminal Services is poised for strong 2Q recurring income growth of 30% on-year, says SB Equities' Katrine Eunice Dolatre in a research report. This is driven by sustained volume growth thanks to newly-added Batam and Durban terminals, and higher yield from tariff adjustments and better container mix, the analyst says. The Philippine container terminal operator's 26-year extension of its terminal contract in Melbourne secures its long-term earnings visibility. The brokerage lifts its 2026-2027 net profit forecasts by around 4%. It raises the stock's rating to add from hold and the target price to 1,072.50 pesos from 726.20 pesos. Shares are 3.8% lower at 961.00 pesos. (ronnie.harui@wsj.com)

0535 GMT - The renewed escalation in the Middle East fighting has pushed crude oil to five-week highs. That has seen the U.S. rates market almost fully retrace the dovish repricing that followed last week's softer inflation numbers, says Tony Sycamore, market strategist at IG Markets. Oil's unrelenting rise is increasing the chances of a hawkish Fed surprise next week, he adds. Markets are now pricing in around 50 basis points of Fed rate hikes by April 2027, including a roughly 25% chance of a 25 basis-point increase next week, he says. (james.glynn@wsj.com; @JamesGlynnWSJ)

0246 GMT - Hutchison Port Holdings Trust's resilient operations and attractive 2026 distribution yield keep DBS Group Research analysts bullish on the stock. The port business trust's 1H net profit rose 85% on year, beating consensus and DBS's estimates. The trust's management is cautious about 2H due to tariff uncertainty and rising interest costs, the analysts say in a note. Still, the analysts retain their buy call as its Hong Kong operations are showing early signs of volume recovery, while the trust's China port operations continue to see broad-based export strength across both U.S. and European trade lanes. They estimate the trust's 2026 distribution yield at 7.4%. DBS maintains its target price on the trust at US$0.26. Units rise 1.1% to US$0.191. (megan.cheah@wsj.com)

1451 GMT - General Motors is working to quickly scale its defense unit, which is expected to log almost $700 million in revenue this year. The company is building a backlog of future business, vying for military and defense contracts, CEO Mary Barra says on a call with analysts. GM is also collaborating with "leading companies" such as Lockheed Martin to support the defense industry. "We're focusing our efforts on strengthening supply chain management, improving manufacturing readiness, and expanding production capacity in ways that serve the United States and its allies," Barra says. "Over time, all of this should make GM Defense a more meaningful and diversified contributor to our earnings." The partnerships come as stockpiles have dropped because of the wars in Ukraine and Iran, and as the Trump administration and Pentagon officials have pressed weapons makers to accelerate production with the help of other manufacturers. (connor.hart@wsj.com)

1446 GMT - Oil prices gain more than 2.5% as fresh attacks between the U.S. and Iran and threats of a naval blockade by Yemen's Houthis lift Brent crude above $91 a barrel. Efforts by mediators to broker a new ceasefire between Washington and Tehran have provided some relief to markets, but the wide gap between the two sides leaves investors skeptical about the prospects for a lasting agreement. Maritime traffic through the Strait of Hormuz has virtually halted, while any disruption to the Bab al-Mandab Strait by the Houthis would deal a significant blow to energy markets at a time when global oil inventories are tighter, analysts say. In early U.S. trading, Brent rises 2.6% to $91.55 a barrel, while WTI is up 2.6% to $84.66 a barrel. (giulia.petroni@wsj.com)

1352 GMT - General Motors CFO Paul Jacobson says global deliveries have been hurt this year by the company's decision to discontinue certain vehicle models, as well as a significantly smaller electric-vehicle market and tight dealer inventory, particularly near the beginning of the year. Global deliveries fell to about 1.43 million vehicles in the second quarter, down 7.2% from a year ago. Looking ahead, though, Jacobson says on a call with analysts that GM's efforts to onshore production, launch new vehicles models and expand its full-sized SUV capacity all stand to help the company grow revenue, gain market share and improve profitability in 2027. Shares rise 3%. (connor.hart@wsj.com)

1340 GMT - General Motors is investing up to $1.5 billion this year to onshore production to the U.S. and expand its software capabilities, CFO Paul Jacobson says on a call with analysts. GM's stepped up domestic manufacturing efforts will bring its U.S. production capacity to more than 2 million units next year, as well as further reduce the company's tariff exposure, CEO Mary Barra says. "At the same time, our high-margin software and services revenues continue to grow rapidly, with 1 million new subscriptions expected this year, contributing to more than $3 billion in recognized revenue next year," she adds. (connor.hart@wsj.com)

1332 GMT - General Motors records $2.3 billion in incremental charges tied to its electric-vehicle restructuring during the recent quarter. Of that, $900 million were supplier-related cash charges, $700 million were cash charges to right-size the battery supply chain with joint venture partners, and $700 million were non-cash write offs for compliance-related and other-asset impairments, CFO Paul Jacobson says on a call with analysts. Jacobson notes that GM has been working with its partners and suppliers to conclude its EV restructuring as quickly as possible. "I'm proud to say that we believe these actions substantially complete the material cash charges we expect to incur as we align our EV capacity and manufacturing footprint with the changes in regulatory policy," he says. (connor.hart@wsj.com)

1101 GMT - Hapag-Lloyd trades at an unjustified premium to historical multiples and compared to peers, UBS analyst Cristian Nedelcu writes. The analyst says the industry order book is at a historically high level of around 40% of the current fleet while Hapag-Lloyd's EBIT margins have underperformed versus peers over recent years. "In the context of supply exceeding demand by 2027/28, we expect free cash flow burn across the industry." Hapag-Lloyd upgraded full-year guidance last week and UBS lifts its Ebitda estimates for 2026, 2027 and 2028 mainly to reflect higher volumes and rates. The bank lifts its price target on the stock to 102 euros from 96 euros. Shares rise 0.9% to 124.30 euros. (dominic.chopping@wsj.com)

1004 GMT - Volvo Car had a tough quarter but the critical question is whether the struggles are the floor--and to what extent cost savings and its EX60 launch can improve things, Bernstein analysts write. While the EX60 model should help lift group margins over time and management expects an improved U.S. pricing environment, Bernstein sees a number of offsets. Cost savings will have a reduced year-on-year impact, raw material headwinds are increasing and the EX60 ramp will only really impact the fourth quarter. "In the face of rising competition from Chinese brands, Volvo lost market share in Europe in H1, and we do not see the wave of new competition slowing down." The bank reiterates its underperform rating and target price of 17 Swedish kronor on the stock. Shares rise 1.2% to 19.38 kronor. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

July 22, 2026 04:20 ET (08:20 GMT)

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