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Price: $56.30, Change: $-7.53, Percent Change: -11.80%
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Asia
Downer EDI's AU$400 Million Senior Unsecured Notes Receive 'BBB' Rating From Fitch
Downer EDI (ASX:DOW, NZE:DOW) received a "BBB" rating on its AU$400 million in 6.488% senior unsecured notes due April 2033, according to a Friday note from the credit ratings agency.Fitch said the key rating drivers include Downer's limited exposure to Middle-East conflict-driven cost pressure, restored free cash flow generation, and its expectation that the company's margin recovery will continue, among other drivers.The key rating-case assumptions include Fitch-defined revenue falling by around 5% in fiscal 2026 following the sale of non-core businesses, before rising by an average of 3% a year from fiscal 2027 to fiscal 2029.Downer EDI's Australian shares fell 1% in recent Friday trade.
$ASX:DOW$NZE:DOW
Asia
Shennan Circuit's Q1 Profit Jumps 73%, Revenue Rises 38%
Shennan Circuit's (SHE:002916) net profit attributable to shareholders in the first quarter jumped 73% to 850.2 million yuan from 491.4 million yuan a year earlier, according to a Shenzhen bourse filing on Friday.Earnings per share climbed 32% year on year to 1.27 yuan from 0.96 yuan.Operating revenue increased 38% to 6.60 billion yuan from 4.78 billion yuan in the previous year.The printed circuit board manufacturer's shares fell over 1% in late-morning trade Friday.
$SHE:002916
Asia
SPIC's 2025 Profit Slips, 1%, Revenue Rises 2%; Shares Down 3%
SPIC Industry-Finance's (SHE:000958) net profit attributable to shareholders in 2025 slipped 0.7% year on year to 3.29 billion yuan, or 0.2541 yuan per share, according to a Shenzhen bourse filing on Friday.The attributable profit a year earlier was 3.32 billion yuan, or 0.2558 yuan per share.Total operating revenue rose 1.9% to 12.5 billion yuan from 12.2 billion yuan in the previous year.The Chinese heat and electricity supply services provider's shares fell over 3% during the morning trade.
$SHE:000958