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Asia107d ago

Jefferies Adjusts Eternal's Price Target to INR400 from INR480, Keeps at Buy

BOM:543320NSE:ETERNAL

Asia107d ago

Jefferies Adjusts WH Group's Price Target to HK$12.40 from HK$10.30, Keeps at Buy

HKG:0288

Asia107d ago

MOG Digitech Chairman Resigns; Co-CEO Assumes CEO Role

MOG Digitech (HKG:1942) announces Deng Zhihua's resignation as its chairman and co-CEO effective Tuesday.The move allows Mr. Deng to dedicate more time to his other commitments, according to a Tuesday Hong Kong bourse filing.Shares of the fintech company were up 1% in Wednesday afternoon trading.Co-CEO Chen Yongzhong was also appointed as the company's CEO, starting on the same day.The firm is currently in the process of identifying a suitable candidate for the chair position.

HKG:1942

Asia107d ago

Genertec Universal Medical's Profit Rises 5% in Q1

Genertec Universal Medical (HKG:2666) said profit attributable to ordinary shareholders rose about 4.8% year over year in the first quarter, according to a Hong Kong bourse filing.Revenue fell about 4.5% from a year earlier.The group said its integrated healthcare business saw outpatient and emergency visits rise about 4.5% year over year, while health check-up revenue increased about 13.3%.

HKG:2666

Asia107d ago

Jefferies Adjusts The Phoenix Mills' Price Target to INR2,085 from INR2,000, Keeps at Buy

BOM:503100NSE:PHOENIXLTD

Asia107d ago

Jefferies Adjusts Reliance Industries' Price Target to INR1,695 from INR1,755, Keeps at Buy

BOM:500325NSE:RELIANCE

Asia107d ago

Jefferies Adjusts STO Express' Price Target to 22.60 Yuan from 21.50 Yuan, Keeps at Buy

SHE:002468

Asia107d ago

Chihong Zinc & Germanium Q1 Profit Up 29%; Shares Rise 4%

Yunnan Chihong Zinc & Germanium (SHA:600497) posted first-quarter attributable net profit of 756.5 million yuan, up 29% from 585.0 million yuan the previous year.Earnings per share rose to 0.1313 yuan from 0.0971 yuan, according to a Wednesday filing with the Shanghai bourse.Operating revenue rose 24% year over year to 6.36 billion yuan from 5.14 billion yuan.Shares of the non-ferrous metal miner were up 4% in recent trade.

SHA:600497

Asia107d ago

Lincotrade & Associates Unit to Acquire Opto-Pharm in SG$17 Million Deal; Shares Down 3%

Lincotrade & Associates (SGX:BFT) 50% owned subsidiary, Linc-A, signed a non-binding term sheet to acquire 100% of Opto-Pharm for SG$17 million, according to a Tuesday filing with the Singapore Exchange.Shares of the industrial fitting-out services provider were down over 3% in Wednesday trading.Opto-Pharm is involved in the manufacturing and distribution of pharmaceutical ophthalmic and other solutions and owns properties in Tuas Avenue.The move is part of the company's strategy to expand its operations and support services.

SGX:BFT

Asia107d ago

Market Chatter: Malaysia Seeing Food Supply Chain Pressures Amid High Oil Prices

Malaysia is seeing early signs of cost pressures in its domestic food supply chain, although price movements for selected food items remain within a controlled range, The Star reported Tuesday, citing Economy Minister Akmal Nasrullah Mohd Nasir.He noted that between April 20 and April 22, price changes for key food items stayed below 10%, with standard chicken rising 3.3% to 9.70 ringgit per kg and Grade C eggs up 7.3% to 3.93 ringgit per 10 eggs, while beef prices fell 3.8%. Seafood prices were mixed, reportedly.Akmal Nasrullah said the trends signal emerging input and logistics cost pressures, prompting the government to step up monitoring across the supply chain, including fertilizer, fuel, transport and production costs.Separately, the minister said electricity supply remains stable despite rising demand and higher fuel costs, with coal and gas prices posing key risks to generation costs. The government aims to cushion the impact on consumers, with about 85% of households remaining exempt from fuel cost adjustments, the report said.(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.)

FTSE Bursa Malaysia KLCI

Asia107d ago

West Wits Mining to Divest Western Australia Project to Aventine Resources

West Wits Mining (ASX:WWI) is set to divest the Mt. Cecelia project in Western Australia to Aventine Resources via the sale of 100% of the issued capital of its unit, Northern Reserves, according to a Wednesday Australian bourse filing.The consideration consists of an equity portion of AU$2 million shares in Aventine, calculated at the public offering price under Aventine's proposed initial public offering, which is currently equal to 10 million Aventine shares, as well as a 1% net smelter returns royalty on all products extracted from the project.It also includes deferred portion, upon the disclosure to ASX of a mineral resource estimate of inferred category or greater of at least 500,000 ounces of gold, at a minimum cut-off grade of 0.5 grams per tonne, of either AU$1 million in cash or 5 million Aventine shares, at Aventine's election.The deal is subject to customary conditions, including due diligence, execution of definitive agreements, Aventine's proposed ASX listing and capital raising, and receipt of all necessary regulatory approvals.

ASX:WWI

Asia107d ago

Huadian Power International Q1 Profit Down 10%, Revenue Slides 9%

Huadian Power International (SHA:600027, HKG:1071) posted first-quarter attributable net profit of 1.79 billion yuan, down 9.9% from 1.99 billion yuan the previous year.Earnings per share declined to 0.14 yuan from 0.17 yuan, according to a Wednesday filing with the Shanghai bourse.Operating revenue went down 9.4% year over year to 30.5 billion yuan from 33.6 billion yuan.Shares of the electric power company were up 1% in recent trade on the Shanghai bourse and down 1% on the Hong Kong bourse.

HKG:1071SHA:600027

Asia107d ago

Australian Shares Again Fall; G8 Education to Suspend Operation of Around 40 Centers

Australian shares continued to retreat for the seventh consecutive day at Wednesday's close as markets reacted to the United Arab Emirates' decision to leave the Organisation of the Petroleum Exporting Countries (OPEC).The S&P/ASX 200 Index fell 0.27%, or by 23.70 points, to close at 8,687.Brent crude oil futures for June were trading around $111.25 a barrel after the UAE decided to exit OPEC and OPEC+, effective May 1.Meanwhile, the Strait of Hormuz remained closed, as US President Donald Trump is said to be unhappy with Iran's latest proposal.Further, President Trump told aides to be ready for an extended Iran blockade, the Wall Street Journal reported, citing US officials.On the domestic front, Australia's consumer price index (CPI) rose 4.6% in the 12 months to March, up from a 3.7% increase in the year to February, according to data from the Australian Bureau of Statistics.Trimmed mean inflation was unchanged at 3.3% in the 12 months to March compared with February.In company news, G8 Education (ASX:GEM) plans to suspend the operation of around 40 of its centers as a result of an assessment of its network. It will transition customers to one of the nearby centers and, where possible, redeploy team members. The firm will then consider longer-term options for those centers, including lease surrender, divestment, or other alternatives. Its shares plunged 29% at market close, earlier reaching a 16-year low.Woodside Energy Group's (ASX:WDS) operating revenue fell to $3.26 billion in the first quarter ended March 31 from $3.32 billion a year earlier. Total production in the March quarter fell year on year to 45.2 million barrels of oil equivalent (MMBoe) from 49.1 MMBoe. Its shares closed up 2%.Lastly, ANZ Group Holdings (ASX:ANZ, NZE:ANZ) agreed to acquire Worldline's 51% stake in their joint venture ANZ Worldline for an enterprise value of AU$89 million as part of the bank's broader 2030 strategy to enhance transaction banking capabilities.

ASX 200ASX:ANZASX:GEMASX:WDSNZE:ANZ

Asia107d ago

Yuken India Appoints CEO

Hydraulic components manufacturer Yuken India (NSE:YUKEN, BOM:522108) has appointed Rakesh Kumar A as the chief executive officer of the company with effect from Wednesday, according to a same-day disclosure to the Indian stock exchanges.In 2024, he was appointed as chief operating officer, where he managed overall operations in coordination with the leadership team.

BOM:522108NSE:YUKEN

Asia107d ago

Great Wall Motor's Plans Share Incentive Scheme

Great Wall Motor's (SHA:601633, HKG:2333) board approved a resolution related to the proposed adoption of a restricted China-listed share incentive scheme under which it'll issue up to 37.3 million restricted shares, according to a Tuesday Hong Kong bourse filing.Shares of the automaker were up nearly 1% in Wednesday afternoon trading.The shares represent around 0.4359% of the company's issued share capital.The scheme can have up to 1,515 participants, spanning senior leadership and core personnel across the firm and its subsidiaries.The scheme, which involves the issue of new China-listed shares by the firm, is subject to the relevant shareholder approvals and regulatory requirements.

HKG:2333SHA:601633

Asia107d ago

Veson's Controlling Shareholder Boosts Stake; Shares Jump 23%

Veson (HKG:1399) said its controlling shareholder, Fang Jin, increased his stake in the company, according to a Tuesday Hong Kong bourse filing.Shares of the firm were up nearly 23% in Wednesday afternoon trade.Fang, through a wholly owned private company Right Grand Holdings, purchased 34.7 million shares on April 24 via on- and off-market transactions, representing about 3.18% of the issued share capital.Following the purchase, Fang's interest rose to 587 million shares, or about 53.85%, from about 50.67% previously, the filing showed.

HKG:1399

Asia107d ago

Crisil Affirms A Rating on Interarch Building Solutions' Bank Facilities; Outlook Stable

Crisil affirmed A long-term and A1 short-term rating on Interarch Building Solutions' (NSE:INTERARCH, BOM:544232) bank loan facilities, according to an Indian bourse filing on Wednesday.The rating outlook is stable, the filing said.

BOM:544232NSE:INTERARCH

Asia107d ago

Shreeji Shipping Global to Acquire Two Mini Bulk Carrier Vessels for INR557 Million

Shreeji Shipping Global (NSE:SHREEJISPG, BOM:544490) has agreed to acquire two mini bulk carrier vessels from Gautam Freight for 556.6 million Indian rupees, according to a filing to the Indian stock exchanges.The company will acquire the vessels, M.V. Gautam BSTAR II and M.V. Sanghi Sudarshan, as part of its fleet expansion, amounting to 8,810.80 deadweight tonnage.The vessels are scheduled to be delivered by May 1.The acquisition is expected to help boost the company's fleet utilization, optimize operating economics, and contribute positively to the company's revenue and profitability.

BOM:544490NSE:SHREEJISPG

Asia107d ago

Jiangsu Eastern Shenghong Q1 Profit Jumps 320%, Shares Rise 6%

Jiangsu Eastern Shenghong (SHE:000301) posted first-quarter attributable net profit of 1.43 billion yuan, up 320% from 341.2 million yuan the previous year.Earnings per share rose to 0.21 yuan from 0.05 yuan, according to a Wednesday filing with the Shenzhen bourse.Operating revenue went up 5.7% year over year to 32.0 billion yuan from 30.3 billion yuan.Shares of the real estate developer were up 1% in recent trade.

SHE:000301

Asia107d ago

EPI's New Zealand Unit Grants NZ$1.4 Million Loan Facility

EPI's (HKG:0689) unit EPI ESG Investment (New Zealand) agreed to provide a NZ$1.35 million loan facility to an individual borrower, according to a Tuesday Hong Kong bourse filing.Shares of the oil explorer were up nearly 7% in Tuesday afternoon trade.The nine-month loan carries an interest rate of 8% per annum, with interest payable monthly.A first mortgage over properties in Auckland was pledged as collateral, the filing showed.

HKG:0689

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Asia107d ago

Australian Shares Again Fall; G8 Education to Suspend Operation of Around 40 Centers

ASX 200ASX:ANZASX:GEMASX:WDSNZE:ANZ