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Oct 10 (Reuters) – Agile Group Holdings Ltd: * SEPTEMBER PRE-SOLD VALUE ABOUT RMB0.46 BILLION Further company coverage:

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ISRAELI PRIME MINISTER'S OFFICE: BENJAMIN NETANYAHU TO DELIVER A STATEMENT TO MEDIA AT 13:00 LOCAL TIME FRIDAY

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Oct 10 (Reuters) – Proya Cosmetics Co Ltd: * SAYS CO PLANS TO SEEK HONG KONG LISTING Source text Further company coverage: (Reporting by Beijing Newsroom)

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ISRAELI MILITARY SAYS GAZA CEASEFIRE AGREEMENT WENT INTO EFFECT AT 12:00 LOCAL TIME

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* AgiBot targeting valuation of $5.1-$6.4 billion, source says * Has appointed three banks including CICC and Morgan Stanley * IPO comes as China throws its weight behind robots and automation * Agibot's investors include Tencent and HongShan By Julie Zhu and Liam Mo HONG KONG/BEIJING, Oct 10 (Reuters) – Chinese humanoid robot maker AgiBot plans to launch an initial public offering in Hong Kong next year, eyeing a valuation of HK$40 billion to HK$50 billion ($5.14 billion to $6.4 billion), sources with knowledge of the matter said. AgiBot's listing plans, backed by investors such as Tencent and HongShan Capital Group (HSG), comes as Beijing steps up efforts to develop automation to address its aging population and bolster its position in robotics amid escalating technological competition with the United States. The Shanghai-based company appointed China International Capital Corp Ltd (CICC) and CITIC Securities earlier this year to lead its Hong Kong listing, the sources said. Morgan Stanley has joined the effort in recent weeks, two of the sources added. According to PitchBook, it reached a valuation of $2.07 billion as of March. The company is expected to issue 15%-25% of its shares, one of the sources said. AgiBot plans to file a preliminary prospectus early next year, two of the sources said, with one adding that the firm aims for a public listing by the third quarter of 2026. Details of the IPO, including its timeline, offering size and valuation are subject to change, the sources cautioned, declining to be identified as the plan is not public yet. Reuters is reporting for the first time AgiBot's listing plans, the valuation target and appointed banks. AgiBot and Morgan Stanley declined to comment. CICC and CITIC did not respond to emailed queries from Reuters. Hong Kong Exchanges and Clearing Ltd (HKEX), the city's exchange operator, declined to comment on individual companies or their transactions. ROBOTS IN VOGUE Founded in 2023 by former Huawei employees Deng Taihua and Peng Zhihui, Agibot gained prominence after Chinese President Xi Jinping inspected the company's robots during a visit to Shanghai earlier this year. The company produces humanoid robot series called Yuanzheng and Lingxi, as well as data collection tools used for model training, which it also sells externally. The company aims to deploy its humanoid robots across various sectors including manufacturing and logistics. At its data collection site in Shanghai, the company trains its robots to carry out tasks such as folding clothes, making coffee and washing toilets. In August, Agibot announced a partnership worth tens of millions of yuan with automotive parts maker Fulin Precision Engineering to deploy nearly 100 Yuanzheng robots at Fulin's factories. In the same month, the company also completed a strategic financing round with investors including LG Electronics and Mirae Asset. Chinese automaker BYD and asset manager Hillhouse Investment are also among its investors, according to corporate database Qichacha. The plan would make Agibot one of a handful of humanoid robot companies seeking to tap the capital markets, as the sector attracts dozens of new Chinese startups as well as large established firms such as home appliance maker Dreame Technology and smartphone seller Xiaomi. AgiBot's IPO would follow Ubtech Robotics, the first humanoid robot company to list in Hong Kong in late 2023. Ubtech's shares have surged 150% this year, outperforming the Hang Seng Index, which has risen 32%. Rival Unitree Robotics is targeting a valuation of up to 50 billion yuan ($7 billion) for its planned IPO on Shanghai's STAR board, Reuters reported last month. Hong Kong, fuelled by an influx of Chinese companies, has emerged as the leading global bourse by volume of IPOs and second listings combined this year, surpassing the New York Stock Exchange, according to data from LSEG. More than 270 companies have filed publicly for initial or second listings in the city as of Friday, according to the Hong Kong Exchange. Total funds raised from such offerings, predominately by Chinese companies, have reached nearly $24 billion so far this year, exceeding $11.3 billion in all of 2024, LSEG data showed. ($1 = 7.7808 Hong Kong dollars) (Reporting by Julie Zhu and Liam Mo; Editing by Brenda Goh and Jacqueline Wong)

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GOOGLE ON UK DESIGNATING ITS SEARCH SERVICE WITH SMS: MANY OF THE IDEAS FOR INTERVENTIONS THAT HAVE BEEN RAISED IN THIS PROCESS WOULD INHIBIT UK INNOVATION AND GROWTH

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* Goldman Sachs downgraded euro banks' and autos' debt * Euro bank debt spreads have tightened, limiting investment appeal Oct 10 (Reuters) – Goldman Sachs has downgraded its rating on euro-denominated investment-grade bank debt to "underweight" from "neutral", citing fading demand for cyclical sectors and persistent fiscal challenges in France. The U.S.-based investment bank remains cautious on French issuers due to the fluid political landscape and France's challenging fiscal outlook, it said in a note published on October 9. French assets were jolted earlier this week after Sébastien Lecornu, France's fifth prime minister in just two years, tendered his and his government's resignation, mere hours after unveiling the new cabinet line-up. "In a carry-driven market, that leaves limited value in keeping a neutral allocation on the sector," said Lotfi Karoui, an analyst at Goldman Sachs. "Beyond valuation, we think sovereign fiscal risk, most notably in France, poses more downside risk to the banking sector." Goldman Sachs said the spread premium for euro investment-grade bank debt "is decidedly a thing of the past", noting that the sector has been trading at tighter spreads than the rest of the euro investment-grade index. Goldman Sachs also shifted its stance on European auto debt to "neutral" in both investment-grade and high-yield segments, citing recent strong performance and ongoing structural headwinds, including rising competition from China. Auto debt refers to bonds or other fixed-income securities issued by companies in the automotive sector. "High yield auto spreads now sit near the 30th percentile rank when benchmarked to the history since 2021. These levels are fair, in our view, given enduring structural headwinds in the sector," Karoui wrote. The firm noted that cyclical sectors in the euro high-yield debt market have underperformed and expects this pattern to persist until "tangible signs of growth acceleration emerge." Goldman Sachs said it expects better investment prospects in insurance, real estate investment trusts (REITs), and tier-II bank debt securities. (Reporting by Akriti Shah in Bengaluru; Editing by Rashmi Aich)

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Oct 10 – Levi Strauss's shares slipped 7.7% in premarket trading on Friday after the denim maker's annual profit forecast failed to meet investor expectations, as tariff-linked costs outweighed strong demand for wide-leg denims in Europe and the Americas. The company, which capitalised on the resurgence of baggy, loose-fit apparel among Gen Z customers, raised its 2025 sales and profit forecasts on Thursday. However, it warned of a 130-basis-point hit to its fourth-quarter gross margins owing to U.S. President Donald Trump's shifting tariff policies. Levi Strauss sources the bulk of its products from South Asia, including Bangladesh, Cambodia and Pakistan – countries that face high tariffs under the Trump administration. Analysts at Barclays see the Q4 guidance as "conservative" as the company has not seen any change in trends in September, nor any push-back on price increases so far, both at the consumer and retail levels. Trump's trade policies have also pressured the margins of other retailers such as Ralph Lauren, Abercrombie & Fitch and Coach handbag owner Tapestry. The company secured about 70% of its holiday inventory early and slightly raised prices to mitigate tariff impact and prepare for the holiday quarter, executives said in a post-earnings call. Levi expects annual adjusted earnings-per-share in the range of $1.27-$1.32, above its prior forecast of $1.25-$1.30 per share. The mid-point is below an estimate of $1.31, according to data compiled by LSEG. The forecast assumes U.S. tariffs will remain at 30% for China and 20% for other countries through the year-end. Levi's forward price-to-earnings multiple, a common benchmark for valuing companies, is 16.94, well above Abercrombie's 7.48 and American Eagle Outfitters' 11.38, per data compiled by LSEG. (Reporting by Kanchana Chakravarty in Bengaluru; Editing by Janane Venkatraman)

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Oct 10 (Reuters) – * UPS IS 'DISPOSING OF' U.S.-BOUND PACKAGES OVER CUSTOMS PAPERWORK PROBLEMS – NBC NEWS Source text: https://tinyurl.com/y7kma5xy Further company coverage:

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Oct 10 (Reuters) – Peijia Medical Ltd: * GEMINIONE® TEER SYSTEM REGISTRATION ACCEPTED BY NMPA Further company coverage:

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