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Asia
Nomura Adjusts Lloyds Metals and Energy's Price Target to INR2,050 From INR1,600, Keeps at Buy
Lloyds Metals and Energy (NSE:LLOYDSME) has an average rating of overweight and mean price target of 2,000.14 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
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Asia
Kanto Denka Kogyo Declares Higher Final Dividend
Kanto Denka Kogyo (TYO:4047) declared a year-end dividend of 11 yen per share for the fiscal year ended March 31, matching earlier forecasts and higher than the 9 yen paid a year ago.The total dividend payment amounts to 632 million yen, payable from retained earnings on June 29, according to a Tokyo bourse filing on Wednesday.The company's basic policy targets a consolidated dividend payout ratio of 30%, as revised from 20% in November 2023.
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Asia
Mitsui Fudosan Accommodations Fund Borrows 5.5 Billion Yen Across Three Loans
Nippon Accommodations Fund (TYO:3226) has agreed to borrow a total of 5.5 billion yen from Sumitomo Mitsui Trust Bank, Kiraboshi Bank, and Hachijuni Nagano Bank, with loan drawdown scheduled for May 29, according to a Tokyo bourse filing on Wednesday.The REIT said the loans carry floating interest rates based on JBA Japanese Yen TIBOR plus a spread, with maturities ranging from August 2026 to May 2033.Proceeds will be used to repay existing borrowings, including a 2 billion yen loan from Sumitomo Mitsui Trust, another 2 billion yen from Chugoku Bank and 1.5 billion yen from Hachijuni Nagano Bank.Total interest-bearing debt remains unchanged at 173.7 billion yen following the transaction.
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