Far East Smarter Energy (SHA:600869) and its subsidiaries won contracts of about 1.80 billion yuan in May.
China's State Grid accounted for 484 million yuan of the total, while strategic customers contributed 1.31 billion yuan, according to a Tuesday filing with the Shanghai bourse.
Shares of the wire and cable manufacturer rose 10% in recent trade.
Samsung Electronics (KRX:005930) is considering moving its US headquarters from New Jersey to Texas, Yonhap News Agency reported Monday, citing industry sources.The electronics company has already notified employee of the decision, with an unnamed company official confirming workforce allocation plans, according to the report.The move is seen as the company taking advantage of favorable tax policies and lower real estate costs in Texas, the news outlet reported.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Megaworld (PSE:MEG) posted 29.7 billion Philippine pesos in reservation sales in the first quarter, up 10.4% from a year earlier.The group attributed the jump to steady demand for residential projects in Metro Manila and provincial areas, according to a Tuesday Philippine Exchange filing.Megaworld Corp. remained the main contributor, accounting for about 71% of total sales, or roughly 21.2 billion pesos.The group said the performance reflects continued demand despite broader industry challenges.
HUB24's (ASX:HUB) proactive decision to in-house its trustee suggests it is already moving in line with the direction of regulation, Jarden said in a note on Monday.Australian Prudential Regulation Authority's (APRA) imposition of additional license conditions on HTFS Nominees, the trustee of the HUB24 Super Fund, which the firm is in the process of acquiring from EQT Holdings, marks a step up in regulatory scrutiny on platform trustees.Jarden expects modest cost impact and limited direct flow risk, with the more likely material consideration to be sentiment, considering the impact of sector-wide regulation, even as the rising compliance floor should ultimately benefit scale operators.With APRA signalling possible changes to prudential standards, HUB24 and other platforms are potentially susceptible to multiple compressions.The investment firm retained its buy rating on HUB24 and reduced the price target to AU$110.40 per share from AU$115.30 per share.