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FINWIRES

Kimou Environmental's Profit Rises 10% in 2025

-- Kimou Environmental (HKG:6805) posted a profit attributable to equity shareholders of 134.8 million yuan for 2025, up 9.9% from 122.6 million yuan a year earlier, according to a Thursday Hong Kong bourse filing.

Shares of the firm were up over 2% in Friday morning trade.

Earnings per share came in at 0.12 yuan, compared with 0.11 yuan in 2024.

Revenue rose 21% to 1.68 billion yuan from 1.39 billion yuan a year earlier.

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Scentre Group's Redemption of Expensive Hybrid Debt to Remove Key Overhang on Stock, Jefferies Says

Scentre Group's (ASX:SCG) tender offer for all of its outstanding $1.3 billion of subordinated non-call 2030 notes could deliver a "significant potential earnings uplift," Jefferies said in a Thursday note, adding that the redemption of expensive hybrid debt would also eliminate a key overhang on the stock.While the notes are currently trading at a slight premium to par, Jefferies estimates upfront make-whole costs to be slightly lower than the roughly 20% level flagged earlier this year."Annualized interest cost savings from the make-whole of remaining subordinated hybrid notes will more than offset the upfront costs associated with redeeming them," the equity research firm said.Jefferies calculates 400 basis points of margin saving on the roughly AU$1.8 billion of debt through capital recycling, which it said would result in around 5% annualized accretion to its fiscal year 2026 funds from operations per share forecast.Jefferies maintained a buy rating on Scentre with a price target of AU$4.

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Kunlun Tech Books Flat Net Loss, Revenue Jumps 45%; Shares Down 3%

Kunlun Tech (SHE:300418) booked 1.59 billion yuan in attributable net loss in 2025, virtually unchanged from a year earlier, according to a filing with the Shenzhen Stock Exchange on Friday.Loss per share narrowed slightly to 1.28 yuan from 1.30 yuan.Revenue, however, jumped 45% to 8.2 billion yuan from 5.66 billion yuan, which the company attributed to its overseas expansion, among other factors.In the fourth quarter of 2025 alone, the internet platform's net loss totaled 927.4 million yuan, while revenue reached 2.39 billion yuan. Kunlun did not provide year-ago figures.Shares of the company fell 3% in recent trade.

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New Zealand Shares Flat; Downer EDI's AU$400 Million Senior Unsecured Notes Receive 'BBB' Rating From Fitch

New Zealand shares closed flat on Friday as Asian shares were mixed after investors digested Thursday's Wall Street session and the extension of the Israel-Lebanon ceasefire.The S&P/NZX 50 Index was little changed to close at 12,874.94.On Thursday, the S&P 500 fell 0.4%, the Nasdaq lost 0.9%, and the Dow Jones fell 0.4%.Israel and Lebanon agreed to extend their ceasefire by three weeks following White House talks facilitated by US President Donald Trump, who said he was willing to wait for "the best deal" to resolve the conflict with Iran, according to a Thursday Reuters report.In domestic news, job ads in New Zealand rose 0.8% month on month in March and were up 13% year on year, according to a Seek report.In corporate news, Downer EDI (ASX:DOW, NZE:DOW) received a "BBB" rating on its AU$400 million in 6.488% senior unsecured notes due April 2033.Henderson Far East Income's (NZE:HFL) unaudited net asset value, including current financial year revenue items, was 2.543 pounds sterling per share as of Wednesday.

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