TS Financial (TPE:2887) reported a profit attributable to owners of NT$21 billion for the first quarter, according to a Thursday filing with the Taiwan Stock Exchange.
Basic earnings per share came in at NT$0.82, while net interest revenue was NT$42.5 billion.
The insurer did not disclose year-ago figures.
Dexus's (ASX:DXS) share price is expected to come under material pressure after it may be forced to sell its entire 27.3% stake in Australia Pacific Airports, which owns Melbourne's Tullamarine airport and the Launceston airport in Tasmania, at "fair market value" after a court ruling, Jefferies said in a note on Friday.Dexus was found to have "committed a material irremediable Breach" against the shareholders' agreement by the New South Wales Supreme Court.Jefferies estimated Dexus' 27.3% stake in Australia Pacific Airports represents around 10% of external assets under management and accounts for around AU$15 million of annual fee revenues.The investment firm assigned a hold rating and a price target of AU$6.07 per share to Dexus.
Shares of Flight Centre Travel Group (ASX:FLT) soared past 9% while those of Virgin Australia Holdings (ASX:VGN) jumped over 5% amid media reports of the US and Iran potentially reaching an agreement to extend the ceasefire in the Middle East.The US and Iran reached an agreement to extend a ceasefire and lift restrictions on shipping through the Strait of Hormuz, Reuters reported on Friday, citing sources. However, US President Donald Trump has yet to approve the deal, and Iranian state media said it had not yet been finalized.
Hon Hai Precision Industry (TPE:2317), also known as Foxconn, remains highly confident in its growth outlook, as cloud service providers' artificial intelligence-related capital expenditure has already surpassed $700 billion this year and could climb to $1 trillion next year, Reuters reported Friday, citing Chairman Young Liu.Young Liu attributed the optimism to soaring artificial intelligence demand and rising spending by major cloud service providers. He said the traditional mid-year slowdown for tech suppliers has disappeared, adding he was upbeat about the second half unless a major "black swan" event emerges. He noted cloud providers' AI-related capital expenditure has already exceeded $700 billion this year and could reach $1 trillion next year, the news agency said.The chipmaker earlier reported a better-than-expected 19% rise in first-quarter profit, Reuters added.(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.)