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Nomura Adjusts MGI Tech's Price Target to 52.46 Yuan from 84.98 Yuan, Keeps at Neutral

Keppel Infrastructure Trust Files for Singapore Listing of SG$200 Million Worth of Bonds

Keppel Infrastructure Trust (SGX:A7RU) filed for the listing of SG$200 million worth of 2.8% bonds due 2033 on the Singapore bourse, according to a filing with the Singapore Exchange on Tuesday.The bonds will be listed and quoted in the Bonds Market on April 29, the trust added.

SGX:A7RU

Asia107d ago

Market Chatter: PetroVietnam Gas to Secure Major Gas Supply from US amid Middle East Crisis

PetroVietnam Gas JSC (HOSE:GAS) plans to ramp up liquefied petroleum gas (LPG) imports from the US in May, as Middle East war-related disruptions shift global energy supply patterns, Bloomberg News reported Tuesday.The state-owned firm expects to import about 66,000 tons from the US next month, compared with 44,000 tons from the Middle East, where supply chains have been hit by the effective shutdown of the Strait of Hormuz.US shipments have already surged this month to roughly 76,000 tons, up sharply from just 2,200 tons in March, when PV GAS first tapped the market. The company said force majeure declarations by suppliers have disrupted term contracts, prompting a shift toward alternative sources across the US, Australia, Europe and Africa, reportedly.In total, the company expects to secure around 250,000 tons of LPG in the three months following the outbreak of the conflict, with more than half sourced from the US, the news outlet 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.)

HOSE:GAS

Asia107d ago

Nomura Adjusts Eve Energy's Price Target to 100 Yuan from 91 Yuan, Keeps at Buy

Eve Energy (SHE:300014) has an average rating of buy and mean price target of 90.96 yuan, 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://finwires.com/en/contact)

SHE:300014

Asia107d ago

Aneka Tambang Posts Higher Q1 Earnings, Revenue

Aneka Tambang (ASX:ATM) reported Tuesday first quarter earnings of 141.77 Indonesian rupiah per share, up from 88.69 rupiah a year earlier.Revenue for the three months ended March 31 was 29.323 trillion rupiah, compared with 26.152 trillion rupiah a year earlier.The company's shares rose 1% in recent Tuesday trade.

ASX:ATM

Asia107d ago

Domino's Pizza Enterprises Shares Fall 10% After Q1 Results Miss Estimates

Domino's Pizza Enterprises (ASX:DMP) shares fell 10% in recent Tuesday trade after its first quarter earnings per share fell to $4.13 per share from $4.33 a year earlier.Analysts polled by FactSet expected EPS of $4.28.Revenue rose 3.5% to $1.15 billion, while analysts expected $1.16 billion."We now expect our international same-store sales growth to be low single-digits, primarily as a result of the macro and geopolitical uncertainty across the world," said Chief Financial Officer Sandeep Reddy during an earnings call, according to a FactSet transcript.

ASX:DMP

Asia107d ago

Founder Technology Q1 Profit Surges 195%, Revenue Down 4%

Founder Technology (SHA:600601) posted first-quarter attributable net profit of 231.6 million yuan, up 195% from 78.5 million yuan the previous year.Earnings per share rose to 0.05 yuan from 0.02 yuan, according to a Tuesday filing with the Shanghai bourse.Revenue rose 64% year over year to 1.56 billion yuan from 951.7 million yuan.Shares of the printed circuit board maker were down 4% in recent trade.

SHA:600601

Asia107d ago

Market Chatter: Moody's Raises China Outlook to 'Stable' From 'Negative'

Moody's upgraded China's credit outlook to "stable" from "negative", Reuters reported Monday, citing the credit ratings agency.The firm attributed the move to the country's economic resilience. Moody's highlighted China's ability to adapt its exports to a changing global environment and its strategic focus on high-productivity industries.A spokesperson from China's Ministry of Finance said it appreciates Moody's decision to revise the outlook, telling reporters it will "continue advancing economic structural transformation".(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.)

Shanghai Composite^SZSE

Asia107d ago

Red Star Macalline Returns to Profit in Q1; Shares Rise 13%

Red Star Macalline (HKG:1528, SHA:601828) posted net profit attributable to owners of 47.7 million yuan for the first quarter, rebounding from a loss of 513.4 million yuan a year earlier, according to a Monday Hong Kong bourse filing.Shares of the home decor company were up nearly 13% in midday trade on Tuesday.Earnings per share came in at 0.01 yuan, compared with a loss per share of 0.12 yuan in the prior-year period.Revenue slid to 1.55 billion yuan from 1.62 billion yuan a year earlier.Separately, the company said it operated 73 portfolio shopping malls and 214 managed shopping malls as of March 31, alongside six home furnishing malls under strategic cooperation.It also franchised 17 home improvement material projects, covering 336 stores or industry streets.

HKG:1528SHA:601828

Asia107d ago

InfoBeans Technologies' Consolidated Profit Rises in Fiscal Q4; Shares Up 4%

InfoBeans Technologies' (NSE:INFOBEAN, BOM:543644) consolidated attributable profit rose to 214.4 million Indian rupees in the fiscal fourth quarter ended March 31, from 105.0 million rupees a year ago.Earnings per share came in at 2.21 rupees from 1.07 rupees a year earlier, the software developer said in a filing to the Indian bourses on Tuesday.Revenue from operations in fiscal Q4 also increased to 1.42 billion rupees from 1.03 billion rupees a year ago.The company's board recommended a final dividend of 0.50 rupees per equity share, along with a special dividend of 0.50 rupees per equity share for the fiscal year ended March 31.The company's shares were up nearly 4% in recent trade.

BOM:543644NSE:INFOBEAN

Asia107d ago

Powermatic Data Systems Forecasts Improved Profit in Fiscal 2026; Shares Up 3%

Powermatic Data Systems (SGX:BCY) expects a "significant improvement" in its profit for the fiscal year ended March 31, compared with the year prior, according to a Monday filing with the Singapore Exchange.Shares of the wireless connectivity business were up 3% in Tuesday's late-morning trading.The company has attributed the improvement to growth in its property development segment. It will release its financials on or before May 31.

SGX:BCY

Asia107d ago

Digital China Unit Plans Up to 1 Billion Yuan Placement; Shares Slip 4%

Digital China (HKG:0861) said its unit Digital China Information Service (SHE:000555) plans to raise up to 1 billion yuan through a private placement of new shares, according to a Monday Hong Kong bourse filing.Shares of the Chinese IT company were down nearly 4% in Tuesday's midday trade.Digital China Information intends to issue up to about 195.2 million shares, representing 20% of its existing share capital, to no more than 35 investors.The final issue size and price will be determined through book-building, subject to regulatory approvals.Assuming full issuance, Digital China's stake in the unit would be diluted by about 6.4% to roughly 32.2%, the filing said.The proceeds are intended for investment in AI technologies, the establishment of an East China business base, and working capital.

HKG:0861SHE:000555

Asia107d ago

Yangzijiang Maritime Development Expands Fleet Portfolio; Shares Up 5%

Yangzijiang Maritime Development (SGX:8YZ) expanded its fleet portfolio with 10 additional newbuilds, according to a Monday filing with the Singapore Exchange.Shares of the ship leasing company were up nearly 5% in Tuesday trading.The fleet includes four new crude tankers, four oil/chemical tankers and two new bulk carriers, scheduled to be delivered in 2028 and 2029.Following the delivery, the company's total fleet will increase to 105 vessels and is expected to improve earnings visibility.

SGX:8YZ

Asia107d ago

Yuanjie Semiconductor Technology Q1 Profit Soars 1,153%; Shares Up 4%

Yuanjie Semiconductor Technology (SHA:688498) posted first-quarter attributable net profit of 179.4 million yuan, up 1,153% from 14.3 million yuan the previous year.Earnings per share rose to 2.08 yuan from 0.17 yuan, according to a Tuesday filing with the Shanghai bourse.Revenue jumped 321% year over year to 355.3 million yuan from 84.4 million yuan.Shares of the chip manufacturer were up 4% in recent trade.

SHA:688498

Asia107d ago

Market Chatter: Japan Life Insurers Will Boost Domestic Bonds as Yields Rise

About half of Japan's major life insurers will increase domestic bond holdings in fiscal 2026 as long-term yields rise, a Nikkei survey showed Tuesday.Five of 10 insurers plan to add Japanese government bonds, up from four a year earlier, with 20-year yields around 3.3%. The narrowing gap with U.S. yields and hedging costs are reducing the appeal of foreign debt, with only Nippon Life Insurance and Meiji Yasuda Life Insurance planning increases, according to the report.Meiji Yasuda Life Insurance will buy about 1 trillion yen of ultra long-term bonds, while Japan Post Insurance (TYO:7181) will raise holdings for the first time in nearly two decades, the report said.Total domestic bond holdings across the 10 insurers will still fall by about 1.5 trillion yen, a smaller drop than a year earlier. All plan to increase allocations to alternative assets such as private credit, according to the report.(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.)

Nikkei 225TYO:7181

Asia107d ago

City Union Bank Opens 13 New Branches in India

City Union Bank (NSE:CUB, BOM:532210) has opened 13 new branches in India, taking its total branch network to 1,000, according to a Monday filing to the Indian stock exchanges.The bank's shares were up over 4% in Tuesday's trade.

BOM:532210NSE:CUB

Asia107d ago

Vala Enters Model Development Agreement With SAIC Motor Unit

Vala (HKG:2051) entered a model development agreement with a SAIC Motor (SHA:600104) unit to jointly develop a vehicle based on the latter's Dana model, the firm said in a Hong Kong bourse filing Monday.The credit card management firm's shares fell by more than 1% in Hong Kong, while SAIC shares slipped almost 1% in Shanghai in early afternoon trade Tuesday.Under the partnership, both sides will work to develop two versions of the vala house model: an all-electric version and an extended-range version.Vala will be primarily responsible for designing model customization schemes and developing relevant specialized components, while SAIC Maxus RV Technology will be primarily responsible for vehicle technical verification and manufacturing.

HKG:2051SHA:600104

Asia107d ago

HMA Agro Industries to Sell Entire Stake in Two Wholly-Owned Subsidiaries

HMA Agro Industries (NSE:HMAAGRO, BOM:543929) has agreed to sell its entire stake in its non-operational wholly-owned subsidiaries, FNS Agro Foods and Laal Agro Food, to individual buyers, according to a Tuesday filing to the Indian stock exchanges.The company will sell its entire stakeholding in FNS Agro Foods, comprising 895,593 equity shares of face value of 10 rupees each, and 9,999 equity shares of face value of 10 rupees each of Laal Agro Food.Both transactions are expected to be completed by May 30, after which the two arms will no longer be subsidiaries of the company.

BOM:543929NSE:HMAAGRO

Asia107d ago

H2G Green's Unit Commissions LNG Facility; Shares Zoom 17%

H2G Green's (SGX:5AI) subsidiary, GasHubUnited Utility, commissioned a major liquefied natural gas facility in Singapore, according to a Monday filing with the Singapore Exchange.Shares of the energy solutions company surged nearly 17% in Tuesday trading.The contract was secured from a large-scale laundry provider which operates over 12,000 square meters of production across three plants.The unit will design, construct and commission the facility to support the laundry provider's thermal energy needs.

SGX:5AI

Asia107d ago

China Blocks Meta's $2 Billion Deal to Acquire Manus

China is requiring Meta to unwind its $2 billion deal to acquire artificial intelligence startup Manus after a review, the National Development and Reform Commission said in a Monday disclosure.The regulator said the decision was "in accordance with laws and regulations, and has required the parties involved to withdraw the acquisition transaction."A spokesperson for Meta told CNBC that the deal fully complied with the law, according to a Monday report.Manus, which relocated to Singapore after being established in China, develops AI agents, including one that can conduct complex tasks such as market research and coding, CNBC said.

Shanghai Composite^SZSE

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