Kingfa Sci & Tech fully establishes Guangzhou Kingfa Catalytic New Materials Company

Simply Wall St's updated fair value estimate for Valterra Platinum has moved from ZAR 1,344.81 to ZAR 1,373.14, with the revision accompanied by split analyst commentary on the stock. On the bullish side, Berenberg keeps a Buy rating with a 7,500 GBp price target, RBC Capital maintains an Outperform rating with a 7,200 GBp target, and Jefferies starts coverage with a Hold rating and a ZAR 1,250 target, citing expectations for improving fundamentals and higher EBITDA while waiting for a better entry point. On the bearish side, Barclays cuts Valterra Platinum to Underweight from Equal Weight with a ZAR 1,260 target, pointing to valuation and limited upside to current volume guidance, while JPMorgan keeps an Underweight rating even after lifting its target to US$67. The model update also shows the projected ZAR revenue decline moderating from 4.92% to about 4.13%, the expected net profit margin easing from 20.56% to about 19.70%, the future P/E multiple shifting from 21.4x to about 22.4x, and the discount rate edging higher from 18.73% to about 18.84%.

Clariant has acknowledged the closing of the Stahl transaction between Wendel SE and Henkel, a deal that triggers its contractual obligation to sell its minority stake. Clariant held a minority stake of 14.6 % in Stahl Group, and its participation in the closing results in a preliminary cash proceed of CHF ~ 220 m pre-tax. The company said the existing shareholder agreement included a contractual obligation for Clariant as minority shareholder to participate in the transaction following notification from Wendel SE. The announcement was made in Muttenz on 01 October 2026.

P.S.P. Specialties, or PSP, has announced a strategic partnership with Orthene Chemical Co., Ltd., or Orthene, an international expert in the development and production of brake fluid products with more than 50 years of experience, to expand its business into automotive brake fluids and raise its production to international standards by establishing a production base in Thailand to serve demand across the ASEAN region. Under this partnership, PSP has been appointed as Orthene's Exclusive Regional Manufacturing Hub for the ASEAN region, covering Thailand, Vietnam, Indonesia, Malaysia, Singapore, the Philippines, Cambodia, Laos, Brunei and Myanmar. PSP will receive direct transfers of knowledge, product formulas and production technology from Orthene, making it the first in Thailand to bring Orthene's technology and product formulas into domestic production. Orthene, meanwhile, will support technical knowledge, production formulas, product standards, laboratory testing, training, regulatory compliance, as well as continuous product research and development. Mr. Seksan Krongpanich, Deputy Chief Executive Officer of P.S.P. Specialties, said this partnership is an important step for PSP in upgrading its manufacturing capabilities toward specialty products that use high-level technology and quality standards, and in driving Thailand to become a production base for high-quality brake fluid products for the ASEAN market.

Activist investor Ancora Holdings raised its bid for H.B. Fuller's building adhesives unit to as much as $1.4 billion after the chemicals company rejected its earlier offer last month. Ancora is offering to pay between $1.2 billion and $1.4 billion in cash for the adhesives unit, up from a bid of as much as $1.2 billion last month, according to a letter sent to the Fuller board on Tuesday. The activist said it has obtained a "highly confident" letter from Fortress Investment Group related to being able to satisfy debt requirements, and that the offer is based entirely on publicly available information, with Ancora prepared to adjust its bid after due diligence. The revised bid represents roughly 50% of H.B. Fuller's current equity value, while the building adhesives segment accounts for only about 20% of consolidated revenue, and it values that unit at 8.5x to 9.9x LTM EBITDA and 9.0x estimated 2026 EBITDA, versus H.B. Fuller trading at about 7.0x 2026 EBITDA. Ancora CEO Fredrick DiSanto and President James Chadwick wrote that a negotiated transaction is a far better path for H.B. Fuller and its shareholders than an ongoing public disagreement, and Fuller shares have dropped 15% since the company rejected the Ancora offer on Aug. 24.