Salsanis Analytics

Salsanis Analytics

Cotton Bounce Higher on the Midweek Session

Cotton prices are down 30 to 40 points so far on Thursday morning. This follows a turnaround on Wednesday, where futures contracts closed with gains of 20 to 25 points across the front months.

The US dollar index fell by $0.400 on Tuesday, reaching 98.410, while crude oil prices edged up by $0.05 per barrel. Meanwhile, Tuesday’s online auction from The Seam reported just 45 bales sold at an average price of 47.24 cents per pound.

The Cotlook A Index dropped another 35 points on October 14, settling at 74.95 cents. ICE certified cotton stocks remained unchanged on the same date, with the certified stocks level steady at 16,593 bales.

Here is a snapshot of recent cotton futures performance:

– December 2025 Cotton closed at 63.76 cents, up 25 points, but is currently down 40 points.
– March 2026 Cotton closed at 65.33 cents, up 24 points, currently down 34 points.
– May 2026 Cotton closed at 66.55 cents, up 24 points, currently down 36 points.

Stay informed on commodity trends— from crude oil to coffee— by signing up for Barchart’s best-in-class commodity analysis, available for free.

*Disclosure:* On the date of publication, Austin Schroeder did not hold positions (directly or indirectly) in any of the securities mentioned in this article. All information and data provided are for informational purposes only. For more details, please see the [Barchart Disclosure Policy](#).

**More news from Barchart:**

– Will Cotton Ever Rally?
– As China Shuns U.S. Ag Products, Make This 1 Trade Now
– Corn, Soybean, Wheat, Cotton: Let’s Break Down What You Need to Be Watching This Week
– Can Cotton Break Out from Its Bearish Trend?

*The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.*
https://www.nasdaq.com/articles/cotton-bounce-higher-midweek-session-0

Multiply Group宣布擬透過股權置換收購2PointZero和Ghitha Holding

阿聯阿布達比–(BUSINESS WIRE)–(美國商業資訊)– 總部位於阿布達比、在全球投資和營運業務的投資控股公司 Multiply Group (ADX: MULTIPLY) 今日宣布,其董事會已核准一項提案,擬透過股權置換交易收購 2PointZero 和 Ghitha Holding。

根據擬議條款,Multiply Group 將以發行股票的方式收購 2PointZero 和 Ghitha Holding,隨後透過增發新股完成交易。目前該交易正處於審核階段,仍需獲得股東和主管機關的核准。

2PointZero 是一家變革型投資公司,在能源、礦業和金融服務領域擁有可規模化資產,同時兼具 AI 賦能與能源轉型加速能力,致力於推動更智慧、更永續的未來發展。

Ghitha Holding 是一家首屈一指的綜合企業集團,業務涵蓋農業、食品生產和經銷,在保障糧食安全方面扮演關鍵角色。

這兩家企業分別在能源與消費領域具備互補優勢,而這兩大領域是所有經濟體的核心支柱,既支撐日常生活運轉,也協助全球向更潔淨、更智慧的系統轉型。

此次交易可望透過在單一上市平台整合互補資產,提升 Multiply Group 整個投資組合的價值與競爭力。
http://www.businesswire.com/news/home/20251015061927/zh-HK/?feedref=JjAwJuNHiystnCoBq_hl-Rc4vIAVcHHkbDcwJimU8QtrtlakeQ9hNboBqTAWIjTge3KWq9s9jif-UkBjBsFRyYAbRTSLTc1mgvhPlnaBA55M-oupQnbXnhKsYk8RmHF_kAy2gZikaX3QWV6xOvgFlA==

How The Pieces Add Up: DFUS Headed For $81

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we compared the trading price of each holding against the average analyst 12-month forward target price. From this, we computed the weighted average implied analyst target price for the ETF itself.

For the Dimensional U.S. Equity Market ETF (Symbol: DFUS), we found that the implied analyst target price based on its underlying holdings is $80.80 per unit. With DFUS trading at a recent price near $72.40 per unit, this suggests that analysts see an 11.60% upside for this ETF by looking through to the average analyst targets of its underlying holdings.

Three of DFUS’s underlying holdings stand out with notable upside potential to their analyst target prices:

– **Iovance Biotherapeutics Inc (Symbol: IOVA)**
IOVA has recently traded at $2.24 per share, while the average analyst target price is $9.10 per share—representing a potential upside of 306.25%.

– **Dianthus Therapeutics Inc (Symbol: DNTH)**
DNTH’s recent share price is $36.20, with an average analyst target of $62.73 per share. This indicates a potential upside of 73.28%.

– **Orion SA (Symbol: OEC)**
OEC is currently trading at $6.21 per share. Analysts expect it to reach a target price of $10.50 per share, which is 69.08% above the recent price.

Below is a summary table outlining the current analyst target prices for these stocks:

| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|————————————|——–|————–|—————————-|——————–|
| Dimensional U.S. Equity Market ETF | DFUS | $72.40 | $80.80 | 11.60% |
| Iovance Biotherapeutics Inc | IOVA | $2.24 | $9.10 | 306.25% |
| Dianthus Therapeutics Inc | DNTH | $36.20 | $62.73 | 73.28% |
| Orion SA | OEC | $6.21 | $10.50 | 69.08% |

*Note: A twelve-month price history chart comparing the stock performance of IOVA, DNTH, and OEC is available below.*

**Are Analysts’ Targets Justified?**

Are analysts justified in these targets, or could they be overly optimistic about where these stocks will trade 12 months from now? Do the analysts have a valid basis for their targets, or might they be behind the curve on recent company and industry developments?

A high price target relative to a stock’s current trading price can reflect optimism about the future. However, it can also be a precursor to target price downgrades if the targets were set based on outdated information.

These questions highlight the importance of conducting further research before making investment decisions.

**Related Content:**

– 10 ETFs With Most Upside To Analyst Targets
– CVI Price Target
– Top Ten Hedge Funds Holding ERJ
– AX Market Cap History

*Disclaimer: The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.*
https://www.nasdaq.com/articles/how-pieces-add-dfus-headed-81

Salesforce jumps 4% after giving new revenue target of $60 billion by 2030

Salesforce (NYSE: CRM) saw its stock price climb approximately 3.6% during after-market trading on Wednesday.

This surge followed the company’s announcement of new long-term revenue targets during its Investor Day at Dreamforce. The updated guidance reflects Salesforce’s growth strategy and future outlook for the coming years.
https://seekingalpha.com/news/4504605-salesforce-jumps-4-after-giving-new-revenue-target-of-60-billion-by-2030?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news

ChainUp Marks 8-Year Anniversary as Institutional Demand for Crypto Infrastructure Surges

SINGAPORE, Oct. 16, 2025 /PRNewswire/ — As the digital asset industry matures from a speculative frontier into a core pillar of global finance, ChainUp is marking its eight-year anniversary by reinforcing its commitment to building the secure, compliant infrastructure that powers this new era. This milestone underscores a strategic vision to meet the accelerating demand for institutional-grade digital asset solutions, with a clear focus on scaling in the world’s most dynamic markets.

“The demand for institutional-grade solutions is driving the next wave of global digital asset growth. This is no longer an industry of a few pioneers, but an ecosystem built for sophisticated businesses that require trust and security at their core,” said Sailor Zhong, Founder & CEO of ChainUp. “Our focus has always been on providing the essential infrastructure that builds trust in this industry, and the market’s overwhelming response validates that vision.”

### Institutional Momentum Reshaping the Market

The broader digital asset landscape is entering a new growth phase, driven by regulated products, tokenized assets, and participation from traditional finance. Key indicators of this structural shift include:

– **ETF Expansion:** The global Bitcoin ETFs have surpassed US$153 billion, highlighting soaring institutional interest. This momentum is creating a powerful spillover effect into corporate treasury strategies, providing treasurers and CFOs with the confidence and validation to consider holding digital assets directly on their balance sheets. As new approvals for crypto-related exchange-traded products (ETPs) accelerate, this trend is further normalizing digital assets as a core component of modern financial portfolios.

– **Regulatory Clarity:** Landmark events such as the passage of the GENIUS Act — which provided crucial clarity to stablecoins — and new frameworks streamlining spot ETF approvals are creating a more predictable and favorable environment for digital asset adoption in major global markets.

– **Tokenization’s Ascent:** Assets Under Management (AUM) for tokenized funds has nearly quadrupled over the past year, as institutions embrace on-chain liquidity. This signals a clear transition toward a financial system built on secure, digital rails.

– **Market Convergence:** Leading crypto exchanges are advancing toward a Universal Exchange (UEX) model that unites digital assets, tokenized securities, and traditional markets in one ecosystem.

### A Strategic Roadmap for a Digital-First Future

With institutional adoption accelerating, ChainUp is positioned to lead the industry’s next chapter by delivering the infrastructure required for secure, compliant, and scalable digital finance. The company’s strategic vision is anchored by a multi-pillar approach:

#### The Foundation of Trust: Institutional Custody

The institutional digital asset custody market is experiencing a period of unprecedented growth. This surge in capital is driven not only by ETFs but a fundamental shift in how corporations manage their reserves. With over $113 billion in Bitcoin held in corporate treasuries, the demand for secure, professional crypto asset management is now at an all-time high.

ChainUp’s zero-incident security record over the past 8 years underpins its commitment to providing the ultimate safeguard for digital assets. Leveraging advanced technologies like multi-party computation (MPC), ChainUp’s institutional-grade custody solution serves as the essential bridge between traditional finance and the crypto economy.

#### Driving Value: Real-World Assets (RWAs) Tokenization

Tokenization of real-world assets has emerged as a key trend, with the market projected to reach $10 trillion by 2030. ChainUp’s infrastructure directly addresses this burgeoning market by providing the secure, scalable models needed to unlock trillions in value.

The company’s white-label tokenization platform enables the creation, management, and secure custody of tokenized assets such as private equity, commodities like gold, real estate, fine art, intellectual property, and more.

#### A Regulatory Backbone: Compliance-First Infrastructure

Navigating a complex and evolving regulatory landscape remains a top priority for institutional clients. ChainUp’s infrastructure is designed to meet this challenge head-on, offering modular solutions that can quickly adapt to new international standards.

Complemented by a suite of compliance tools and advisory services, this approach enables businesses to achieve regulatory clarity, mitigate legal risk, and conduct robust due diligence and risk assessments in an increasingly regulated environment.

#### Real-World Utility of Crypto: Infrastructure for the Digital Economy

The global stablecoin market is projected to exceed US$3.7 trillion by 2030, establishing it as a key driver of transactional volume. ChainUp is positioned to power this growth by providing secure infrastructure for crypto real-world utility.

This includes next-generation payment solutions designed to seamlessly integrate digital assets into daily transactions for both businesses and consumers.

### A New Frontier: Global Strategic Expansion

With key markets like North America and Europe at the forefront of regulatory clarity and institutional adoption, they represent a central pillar of ChainUp’s expansion. The company is committed to building a strong presence in these dynamic markets, leveraging recent regulatory progress to accelerate its delivery of secure and compliant infrastructure.

This strategic move is aimed at attracting a broader client base and accelerating ChainUp’s global scaling.

### Pioneering the Future of Digital Assets

In conjunction with its 8-year milestone, ChainUp recently hosted “The All-Time High (ATH) Night” in Singapore. The exclusive event, held ahead of the globally-acclaimed TOKEN2049 conference, convened over 400 industry leaders and partners to discuss the critical infrastructure needed for mainstream digital asset adoption.

Commenting on the industry’s maturation and ChainUp’s role within it, Chung Ho, Chief Operating Officer of ChainUp, remarked:
“This is an industry moving from promise to purpose. Our focus remains on empowering our clients to drive the future of digital assets by delivering trusted, secure, and scalable solutions needed to turn their vision into value in every major market, from Asia to EMEA and the U.S.”

### About ChainUp

ChainUp, a leading global provider of digital asset solutions, empowers businesses to navigate the complexities of this evolving ecosystem. Founded in 2017 and headquartered in Singapore, ChainUp serves a diverse clientele ranging from Web3 companies to established financial institutions.

ChainUp’s comprehensive suite of solutions includes crypto exchange solutions, liquidity technology, white-label MPC wallets, KYT crypto tracing analytics tools, asset tokenization, crypto asset management, and Web3 infrastructure such as mining, staking, and blockchain APIs.
https://blocktelegraph.io/chainup-marks-8-year-anniversary-as-institutional-demand-for-crypto-infrastructure-surges/

GlobalSource: Proposed tax holiday ‘poorly targeted’

MANILA, Philippines — The proposed one-month income tax holiday would primarily benefit the middle class, exclude low-income workers, and strain public finances without guaranteeing equivalent economic and social gains, GlobalSource said.

Senator Erwin Tulfo has proposed what he called an “extraordinary measure” in response to the “resounding clamor” to “return the people’s money” amid a widening…

https://business.inquirer.net/552760/globalsource-proposed-tax-holiday-poorly-targeted

福岡銀行と西日本シティ銀行、固定金利を引き上げ 10月住宅ローン

福岡経済ニュース:福岡銀行と西日本シティ銀行、固定金利を引き上げ
2025年10月16日 6:00
※この記事は有料会員限定です。

福岡銀行と西日本シティ銀行は、10月の住宅ローンの固定金利(10年、最優遇)を前月から0.1%引き上げました。
目安となる長期金利の動きを受けた対応となっています。

詳細な住宅ローン金利表については、西日本新聞meの有料会員限定コンテンツでご覧いただけます。

【ご案内】
クリップ機能は有料会員の方のみご利用いただけます。7日間の無料トライアルも実施中です。
1日37円で読み放題、年払いならさらにお得にご利用いただけます。

西日本新聞meについての詳細は公式サイトをご確認ください。
https://www.nishinippon.co.jp/item/1411812/

Power transmission rates dip in October billing

MANILA, Philippines —

Electricity transmission rates are set to experience a slight decrease in the upcoming October electricity billing cycle, the National Grid Corp. of the Philippines (NGCP) announced.

During a media briefing held on Wednesday, Julian Ryan Datingaling, head of NGCP’s revenue management department, revealed that the overall transmission rates for the September 2025 billing period have dropped by 1.23 percent.

This reduction brings the transmission rate down to ₱1.3998 per kilowatt, providing some relief to consumers in their electricity expenses.

The NGCP continues to monitor and manage transmission costs to ensure efficient and reliable power delivery across the country.
https://business.inquirer.net/552699/power-transmission-rates-dip-in-october-billing

Fitch: Infra graft probe may hurt local banks’ loan quality

MANILA, Philippines – The deepening probe into anomalous flood control projects could hurt the asset quality of Philippine banks, Fitch Ratings warned.

Delays in public works may squeeze the cash flows of contractors, undermining their ability to repay loans.

Tamma Febrian, director of the financial institutions team at Fitch, noted that banks with higher exposure to these contractors could face increased risks.
https://business.inquirer.net/552578/fitch-infra-graft-probe-may-hurt-ph-banks-loan-quality

ゴールドマン側の解雇無効 未払い賃金支払い命令

ゴールドマン側の解雇無効、未払い賃金支払い命令

(最終更新 18:40)

米金融大手ゴールドマン・サックスの国内グループ会社に勤めていたフランス国籍の男性が、正当な理由なく解雇されたとして未払い賃金などを求めた訴訟の判決で、東京地裁は10月14日、解雇無効と認め、約760万円の支払いを命じました。

詳細は有料会員限定の記事となっております。記事の続きをご覧いただくには、7日間無料トライアル(1日37円)または年払いプランをご利用ください。

クリップ機能は有料会員の方のみお使いいただけます。

https://www.nishinippon.co.jp/item/1411171/

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