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Asia
Shang Hai Ya Tong Unit to Set Up 18-Million-Yuan New Energy Entity
Shang Hai Ya Tong (SHA:600692) subsidiary Yatong Real Estate will invest 18 million yuan to wholly establish Shanghai Yaxing Energy Construction Management.The new entity will focus on new energy project development as well as engage in electric vehicle charging infrastructure, contract energy management and related technical services.Shares of the real estate developer were down 1% in recent trade.
$SHA:600692
Asia
Jefferies Adjusts Torrent Power's Price Target to INR1,700 from INR1,485, Keeps at Buy
Torrent Power (NSE:TORNTPOWER, BOM:532779) has an average rating of hold and mean price target of 1,470.22 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
$BOM:532779$NSE:TORNTPOWER
Asia
General Plastic Industrial Logs NT$36 Million Profit in Q1
General Plastic Industrial (TPE:6128) posted a net profit attributable to owners of NT$36.0 million in the first quarter, or NT$0.28 per basic share, according to a Wednesday disclosure on the Taiwan Exchange.Shares slid over 3% in Thursday's late morning trade.The imaging supplies manufacturer did not provide comparative year-ago figures.Operating revenue amounted to NT$1.34 billion, it said.
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