The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0859 ET - CAE's agreement to supply Malaysia Airlines with a Boeing 737MAX full-flight simulator positions the Canadian training specialist to capitalize on surging air travel demand in the Asia-Pacific region. The single-simulator contract strengthens CAE's foothold in a market facing a growing need for pilots and pilot training. The company cites its 2025 Aviation Talent Forecast that estimates 98,000 new commercial pilots will be needed in the Asia Pacific region over the next ten years. The simulator is scheduled for deployment at the airline's MAB Academy's facility in Sepang and is scheduled to be ready for training in July 2026.(adriano.marchese@wsj.com)

0509 ET - China's imminent 15th Five-Year Plan is set to give the country's stock market a boost, HSBC analysts say in a research report. The A-share market has logged average returns of 16.5% in the year after the release of Beijing's Five-Year Plan, the analysts say. "Strategically important industries explicitly mentioned in the plan could have an excess return of 17.5% on average," they add. HSBC highlights three likely investment themes: tech innovation and self-sufficiency, consumption growth, and the green transition. HSBC favors Naura Technology, Kingsoft Office and BeOne for tech innovation on Beijing's IT localization initiative, Yili for consumption, and EVE Energy for the green transition on expected price increases in energy storage system batteries. (jason.chau@wsj.com)

0452 ET - Xiaomi's earnings are likely to be dragged by the smartphone business in the near term, according to Citi analysts in a research note. The smartphone segment's gross margin is likely to be weighed by lower-margin regions and a higher cost of memory chip prices, the analysts say. Citi trims Xiaomi's adjusted net income forecast by 2.5% for 2025 and 2.9% for 2026.The analysts keep a buy rating but lower its target price to HK$65.00 from HK$66.00. Shares last traded at HK$45.80. Near-term catalysts include 4Q guidance and potential updates in its electric vehicle business, they add. (tracy.qu@wsj.com)

0435 ET - Be Semiconductor Industries' third-quarter order intake and fourth-quarter guidance indicate that the semiconductor assembly market is beginning to recover, Berenberg analyst Trion Reid writes in a note. The Dutch chip equipment maker's outlook points to growing momentum, he says. Management suggested that continued order strength in the fourth quarter, along with some third-quarter orders scheduled for delivery in early 2026, indicate that next year should be a significantly stronger year than 2025, the analyst says. Shares are up 0.7% at 148.10 euros.(najat.kantouar@wsj.com)

0415 ET - Meituan looks set to hold its lead in China's food-delivery market despite the aggressive competition, Fitch Ratings analysts say. Fitch last month revised its outlook on Meituan to stable from positive, citing weaker profitability and pressure on free cash flow in the near term. Fitch expects the price war to ease over the next 6-12 months, improving earnings visibility. Meituan's credit profile remains stronger than rated peers such as Vipshop due to its scale in food delivery and more diversified revenue. Fitch forecasts a return to positive free cash flow in 2026 and assigns a BBB+ rating to its proposed U.S.-dollar notes (fabiana.negrinochoa@wsj.com)

0339 ET - CSE Global's earnings growth outlook remains positive, UOB Kay Hian analysts say in a research report. The technology company is hopeful of securing more major order wins by end-2025 and it's been shifting more resources to its data-center business from its automation segment in the past few months, the analysts note. It looks poised to achieve strong earnings growth of around 40% this year, partly thanks to an order book of S$574 million as of June. Also, its electrification business stands to benefit from growing data-center demand as AI adoption increases. The brokerage maintains its buy rating and target price of S$0.85 on the stock, which is 1.9% higher at S$0.79. (ronnie.harui@wsj.com)

1954 ET - The surprise exit of Nuix's chief executive raises questions at RBC Capital Markets. Analyst Garry Sherriff wonders why CEO Jonathan Rubinsztein is being moved on so swiftly and without any handover process. He also thinks investors will ask why the Australian intelligence-software provider didn't appoint an insider as interim CEO. While Nuix has announced no changes to its near-term guidance or strategy, Sherriff tells clients in a note that the market might want some detail on the company's annualized contract value, margins and free cash flow. RBC has a last-published sector-perform rating and A$2.60 target price on the stock, which is down 18% at A$2.38. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

October 27, 2025 12:20 ET (16:20 GMT)

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