Wrap Asia

HawkEye 360's IPO soars 30% on debut, valuing the space analytics firm at $3.15B. Strong market reception!

SITM surges 25% on AI demand, beating EPS estimates with 443% growth. Full-year guidance raised.

Brazil's April trade surplus hits $10.5B, up 37.5% on record commodity exports. Imports rise 6.2%.

AB InBev beats earnings, up 25% in 2026 on premium & no-alc growth. Solid valuation.

Buffett's $636B cash hoard signals high valuations, but Abel's recent buybacks hint at select opportunities.

RXO's contract rates rise high single digits; spot mix up 500 bps, boosting gross profit per load.

Zoetis shares drop 20% on weak EPS & guidance. Valued at 13x forward earnings, petcare demand softens.