FINWIRES · TerminalLIVE
FINWIRES

Techwinsemi Technology Forecasts Turn to H1 Profit; Shares Fall 10%

By

Shenzhen Techwinsemi Technology (SHE:001309) forecasted first-half attributable net profit of between 5.70 billion yuan and 6.50 billion yuan, compared with loss of 117.9 million yuan the previous year.

The 289% to 338% rise is attributed to surging storage demand from artificial intelligence adoption, tight supply and rising product prices, according to a Wednesday filing with the Shenzhen bourse.

Basic earnings per share are expected to rise to 23.35 yuan to 28.91 yuan, versus loss per share of 0.53 yuan last year.

Shares of the chipmaker fell 10% in recent trade.

Related Articles

Asia

Aussie Broadband's Ability to Deliver Its Fiscal Year 2028 Ambitions Faces Limited Impact from Satellite Disruption Threat, Jarden Says

Aussie Broadband's (ASX:ABB) ability to deliver its fiscal year 2028 ambitions will face limited impact from the threat of satellite internet disruption, Jarden said in a Tuesday report.Starlink could emerge as a structural threat, amid SpaceX's stated ambition to move upmarket into suburban and urban premises. However, Starlink's share gains to date have not come at the expense of NBN connections. Starlink has lifted total household internet penetration, while fixed-line NBN connections have remained stable in absolute terms.Aussie Broadband's group cost growth, excluding acquisitions, will run below the consumer price index, allowing the firm to grow earnings organically ahead of market expectations despite the residential slowdown. It will compound underlying earnings before interest, taxes, depreciation, and amortization at around 21%, from fiscal year 2025 to fiscal year 2028.The investment firm upgraded its rating on Aussie Broadband to overweight from neutral and retained its AU$5.50 per share price target.

ASX:ABB
Asia

Korea Exchange Halts Kospi, Kosdaq Trading for Five Minutes After Strong Buying

The Korea Exchange activated a five-minute buy-side sidecar on the country's primary and secondary stock markets on Wednesday morning after investors rushed to buy semiconductor stocks amid an upbeat AI sector outlook despite tensions in the Middle East.The Korea Exchange announced the order at 9:06 am after the KOSPI200 Futures added 71.50 points, or 6.5%, to trade at 1,170.60, and at 9:17 am after the KOSDAQ150 Futures index added 83 points, or 6.1%, to trade at 1,439.50.A buy-side sidecar is activated when the KOSPI200 Futures index and the KOSDAQ150 Futures index rise 5% or more for at least one minute.

^KOSDAQKOSPI
Asia

China Southern Airlines Warns of Wider H1 Loss

China Southern Airlines (HKG:1055, SHA:600029) expects an attributable net loss of 3.47 billion yuan to 3.97 billion yuan for the first half, widening from 1.53 billion yuan a year earlier, according to a Tuesday filing with the Hong Kong bourse.The company attributed the expected loss to sharply higher aviation fuel costs amid geopolitical tensions, despite growth in passenger traffic and revenue during the first half.Hong Kong-listed shares of the airline were down nearly 2% in Wednesday morning trade.

HKG:1055SHA:600029