Telekom Malaysia's (KLSE:TM) profit attributable to shareholders fell to 321.5 million ringgit in the first quarter, from 401.3 million ringgit a year earlier, according to a Thursday Malaysian bourse filing.
Shares gained over 2% in Friday's midday trade.
Earnings per share declined to 0.084 ringgit from 0.105 ringgit in the same period last year.
Operating revenue rose to 2.93 billion ringgit from 2.85 billion ringgit a year earlier.
The board declared a dividend of 0.065 ringgit per share.
DeepSeek plans to prioritize artificial intelligence research over short-term commercialization, Bloomberg News reported Friday, citing people familiar with the matter.The AI startup's founder, Liang Wenfeng, mentioned the plan to investors during its ongoing 70 billion yuan fundraising round, according to the report.Insiders said the company, which was founded in 2023, made it clear it will accelerate technology over monetization, the report said.Liang could personally inject about 20 billion yuan in the funding round, while the state-backed AI fund is in discussions to invest around 10 billion yuan, insiders told the media outlet.DeepSeek is yet to respond to' request for comment on the matter.(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.)
Shenzhen Agricultural Products (SHE:000061) subsidiary Shenzhen Guocai Trading received the full land compensation payment of 58.0 million yuan from the Pingshan Planning and Natural Resources Bureau.The payment follows the government's compensated repurchase of land use rights for Parcel No. G14301-0001, according to a Friday filing with the Shenzhen bourse.Shares of the agricultural products company closed 1% higher Friday.
Japanese shares extended their opening gains to close the week on a positive note in Friday's session, driven by optimism in the global markets of a possible resolution for the U.S.-Iran war.The Nikkei 225 closed up 1,640.07 points or 2.7% at 63,324.21.Media reports quoted US Secretary of State Marco Rubio saying that there had been "some good signs" in the Iran-US negotiations. However, differences over Iran's uranium stockpile and control of the Strait of Hormuz are still under dispute.Iran is currently in discussions with Oman on ways of setting up a permanent toll system that will formalize its control of maritime traffic through the Strait of Hormuz. On the other hand, while President Donald Trump insists the strait must remain open and toll-free.On the domestic front, Japan's core consumer prices eased in April, registering a year-on-year increase of 1.4%, compared with 1.8% in March despite higher prices for oil and gas due to the war, according to government data on Friday.The slower pace of increase over the past year is attributed to moderating effects on energy costs as the government intervenes to ease the cost of living.On the corporate side, Tokyo Electric Power Company (TYO:9501) received 7.2 billion yen in grants from the Nuclear Damage Compensation and Decommissioning Facilitation relating to Japan's ongoing Fukushima nuclear accident compensation program, according to a Friday filing with the Tokyo Exchange.The electric utility's shares closed down nearly 2% on Friday.Also, WELLNEO SUGAR (TYO:2117) has formally decided to execute an absorption-type merger with its wholly owned subsidiary, Toyo Sugar Refining, according to a Friday filing. The transaction is expected to take effect on Oct. 1, with WELLNEO SUGAR becoming the surviving entity.