Korea Electric Power’s 2026 earnings are likely to face pressure from marginal electricity-tariff increases and higher energy prices. Nomura analysts Cindy Park and Dongmin Lee note that elevated fuel and electricity purchase costs are weighing on margins. Consequently, Nomura has slashed its 2026 net-profit estimate for the company by 48% to 4.871 trillion won, while lowering the target price to 40,000 won.

In Singapore, China Aviation Oil’s 17% fall in 1H net profit has disappointed DBS Group Research. Analyst Jason Sum reports that the jet fuel trading company’s core segment suffered from weaker margins as gross profit per ton from middle distillates plunged. While trading conditions may improve from the 1H trough, volatile energy prices are expected to keep margins pressured.

Meanwhile, Swedish private-equity firm EQT’s bid for Cleanaway Waste Management is viewed as opportunistic by Jefferies. EQT is offering A$3.13/share, valuing Cleanaway’s equity at A$7.0 billion. This bid serves to insulate shareholders from disappointing results after Cleanaway missed market expectations regarding its Ebit guidance.