-- Taichung Commercial Bank (TPE:2812) posted a net profit attributable to owners of NT$2.43 billion for the first quarter, or NT$0.40 per basic share, according to a Thursday disclosure on the Taiwan Exchange.
The lender did not provide comparative year-ago figures.
Net interest revenue amounted to NT$3.38 billion, it said.
Lendlease Group's (ASX:LLC) managed fund, Australian Prime Property Fund Commercial, and Charter Hall Group (ASX:CHC) entered into a process on a series of transactions across the Spring and O'Connell Street precinct in Sydney's central business district, according to a Friday statement.The first transaction phase includes the completed exchange of contracts on 19, O'Connell Street and strata lots within 23, O'Connell Street.Charter Hall also accepted a pre-emptive offer for the remaining interests in 1, O'Connell Street, 8, 10, 16, Spring Street, and the remaining strata lots in 23, O'Connell Street due to an exchange in the coming weeks.Following the divestment, the fund will focus on its portfolio of office assets, per the statement.Shares of both firms fell 1% in recent trading on Friday.
Jiangling Motors (SHE:000550, SHE:200550) sold 34,948 vehicles in April, up 15% from 30,499 vehicles a year earlier, according to a Friday filing with the Shenzhen bourse.Production volume rose 6.1% to 33,464 units from 31,542 units.Shares of the automobile company were down 4% in recent trade.
QBE Insurance Group's (ASX:QBE) group premium rate increases of 2% reflect mixed competitive dynamics across multiple classes during the first quarter, Jefferies said in a note on Friday.The firm operates a diversified commercial portfolio across regions and commercial lines, supporting a growth focus as the market transitions. Its commercial property and Lloyds businesses remain highly competitive. Its quarterly gross written premium growth is supportive of the full-year guidance.Early indications suggest a favorable crop year, with yield and production set to improve and pricing remaining favorable. Crop insurance at the gross level increased 4%.The investment firm assigned it a buy rating on QBE Insurance and raised the price target to AU$25.55 per share from AU$23 per share.