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Amata Rerated, Airlines Rally as Oil Prices Dip

Wall Street Journal Markets •
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Amata Corp. sees a fresh valuation bump as DBS Research lifts its target to 30.00 baht from 22.80, citing stronger growth outlook and recurring utilities income. The Thai developer plans to monetize stakes in two Vietnam service‑city projects, boosting liquidity and future investment capacity. Shares climb 2.9% to 27.00 baht today.

European airline stocks rally after a U.S.-Iran ceasefire eases oil supply fears. Brent fell 4.7% to $83.25 a barrel, the lowest since March. Air France‑KLM shares jump 12%, Wizz Air 8.8%, Jet2 4%, and IAG 3.7%, reflecting investors’ appetite for tighter margins as oil prices settle and travel demand recovers in the coming weeks globally.

Major energy names feel the ripple as crude dips. BP shares fall 4% and Shell 3.8% on lower futures. Spanish Repsol slides 5.1%, France’s TotalEnergies and Italy’s Eni down 4.5%, while Norway’s Equinor drops 5.6%. Lower prices curb the recent profit surge driven by volatility until market participants reassess risk premiums amid geopolitical tensions today.

These swings underscore how geopolitical moves shape commodity prices and, in turn, corporate earnings across sectors. Investors monitor the U.S.-Iran agreement’s execution and Vietnam asset sales, while energy firms weigh the trade‑off between higher margins and falling commodity prices. The next earnings releases will reveal whether the current optimism translates into sustained growth for shares.