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Prudential Buys Back Shares

Prudential (SGX:K6S, HKG:2378) bought back 320,663 shares in London on Thursday at an average price of about 11.21 pounds sterling apiece, according to a Friday Hong Kong bourse filing.The insurer intends to cancel the repurchased shares.Following the transaction, the company will have about 2.52 billion shares in issue.

HKG:2378SGX:K6S

Asia110d ago

Petra Energy Unit Bags Deal to Provide Field Operations Management Services

Petra Energy (KLSE:PENERGY) unit Petra Energy Development secured a contract to provide field operations management services for the SK407 Production Sharing Contract offshore SarawakThe deal, awarded by Vestigo Petroleum, covers operations across five offshore fields, including West Lutong, Baram, Tukau, Siwa and Fairly Baram,It has a term of two years, starting April 1, according to a Friday Malaysian bourse filing.Financial terms were not disclosed.Petra Energy said the contract strengthens its role in upstream oil and gas operations, alongside its existing production sharing and asset management activities.

KLSE:PENERGY

Asia110d ago

Hong Kong Stocks End Week Marginally Higher; Star Sports Medicine Launches IPO

Hong Kong stocks ended marginally higher Friday as investors tracked developments in the Middle East.The Hang Seng Index rose by around 62.87 points, or roughly 0.2%, to end at 25,978.07 while the Hang Seng China Enterprises Index increased by 42.99 points, or around 0.5%, to close at 8,775.62.Iran on Thursday flexed its control over the Strait of Hormuz after posting a video that purportedly showed its military seizing a huge cargo ship, Reuters reported.The video was released amid an order by U.S. President Donald Trump asking the U.S. Navy to step up demining activity in the region and "shoot and kill" Iranian boats laying mines in the strait which used to serve as a shipping route for one-fifth of the world's oil and liquefied natural gas before the war.Mizuho's head of macro strategy for APAC, Vishnu Varathan, said attempts to de-escalate the violence in the region would be non linear, Reuters reported. "I don't think anybody in the market truly believes that this will be over in a week or two," Varathan reportedly said.Meanwhile, Hong Kong's consumer prices rose 1.7% in March from a year earlier, data from the city's Census and Statistics Department showed.The underlying inflation rate, which excludes the effects of all one-off government relief measures, rose to 1.6%, up from an average of 1.3% in January and February.Elsewhere, the city's seasonally adjusted unemployment rate fell to 3.7% in the January to March period from 3.8% in the December 2025 to February 2026.In corporate news, Star Sports Medicine (HKG:1609) launched its Hong Kong initial public offering to raise about HK$829.6 million.The China-based medical device company is offering 8.4 million H-shares at an offer price of HK$98.50 per share to raise funds for the expansion of production capacity, as well as to support research and development.

Hang SengHKG:1609

Asia110d ago

Market Chatter: Yang Ming Marine Raises Container Shipping Rates Amid High Oil Prices

Yang Ming Marine Transport (TPE:2609) hiked its container shipping rates, notifying customers of a general rate increase effective May 15, as higher fuel costs and geopolitical tensions continue to push up operating expenses, CNA reported Thursday.The carrier will add $1,800 per 20-foot container and $2,000 per 40-foot container on Far East-North America routes, the report said, citing its customer notice.The adjustment comes as shipping lines pass through rising costs linked to volatile oil prices and disruptions affecting global routes amid the US-Iran conflict, 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.)

TPE:2609

Asia110d ago

Poonawalla Fincorp Raises INR1.55 Billion Through Debenture Allotment

Poonawalla Fincorp (NSE:POONAWALLA, BOM:524000) has raised 1.55 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a Friday filing to the Indian stock exchanges.The company allotted 15,500 unsecured, redeemable, rated, listed, subordinated non-convertible debentures of a face value of 100,000 rupees each. The base issue size is 1.50 billion rupees with a green shoe option to retain oversubscription of 50 million rupees.The debentures carry a coupon rate of 8.43% per annum and are scheduled to mature on April 24, 2036. They are proposed to be listed in the debt market segment of the BSE.The company's shares were down nearly 2% in recent trade.

BOM:524000NSE:POONAWALLA

Asia110d ago

Sinolink Securities' 2025 Profit Jumps 36%, Revenue Jumps 27%

Sinolink Securities' (SHA:600109) net profit attributable to shareholders in 2025 jumped 36% to 2.28 billion yuan from 1.67 billion yuan a year earlier, according to a Shanghai bourse filing on Friday.Earnings per share rose 37% year on year to 0.618 yuan from 0.452 yuan.Operating revenue jumped 27% to 8.46 billion yuan from 6.66 billion yuan in the preceding year.The financial services provider's shares rose 1% at the close.

SHA:600109

Asia110d ago

Market Chatter: China Unveils 100-Trillion-Yuan Plan to Fuse Software with Steel

China is overhauling its industrial base with a 100-trillion-yuan push to merge software and steel that will integrate advanced manufacturing with modern services by 2030, The South China Morning Post reported.The State Council's blueprint prioritizes "producer services" such as logistics, information technology, finance and research to prevent premature deindustrialization, according to the report.Also, the cabinet called on manufacturers to evolve into "product-plus-service" providers.(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

Asia110d ago

Grandblue Environment's Attributable Profit Jumps 19% in 2025

Grandblue Environment (SHA:600323) attributable profit rose 19% to 1.97 billion yuan in 2025 from 1.66 billion yuan in 2024, according to a Friday filing with the Shanghai bourse.Earnings per share at the Chinese solid waste treatment services company increased to 2.42 yuan from 2.04 yuan in the previous year.Operating income grew 17% year over year to 13.9 billion yuan from 11.9 billion yuan.

SHA:600323

Asia110d ago

Hindustan Composites Shares Up 6% as Fiscal Q4 Profit Nearly Doubles

Hindustan Composites' (NSE:HINDCOMPOS, BOM:509635) consolidated net profit increased to 117.0 million Indian rupees in the fiscal fourth quarter from 60.7 million rupees a year earlier, according to an Indian bourse filing on Thursday.Shares of the company jumped nearly 6% in Friday's trade.Earnings per share in the quarter ended March 31 climbed to 7.92 rupees per share from 4.11 rupees per share a year prior.Revenue from operations in fiscal Q4 grew to 1.05 billion rupees from 891.5 million rupees.The company declared a dividend of 5 rupees per share for the financial year ended March 31, the filing said.

BOM:509635NSE:HINDCOMPOS

Asia110d ago

Guanghui Energy's Attributable Profit Slumps 54% in 2025

Guanghui Energy's (SHA:600256) attributable profit fell 54% to 1.35 billion yuan in 2025 from 2.95 billion yuan in 2024, according to a Friday filing with the Shanghai bourse.Earnings per share at the Chinese energy company decreased 54% to 0.2072 yuan from 0.4509 yuan in the previous year.Operating income declined 16% year over year to 30.4 billion yuan from 36.4 billion yuan.

SHA:600256

Asia110d ago

Sinolink Securities' Q1 Profit Rises 19%, Revenue Jumps 29%

Sinolink Securities' (SHA:600109) net profit attributable to shareholders for the first quarter rose 19% year on year to 692.3 million yuan, or 0.188 yuan per share, according to a Shanghai bourse filing on Friday.The attributable profit a year earlier was 582.6 million yuan, or 0.158 yuan per share.Operating revenue jumped 29% to 2.43 billion yuan from 1.89 billion yuan in the preceding year.The financial services provider's shares rose 1% at the close.

SHA:600109

Asia110d ago

Guanghui Energy's Attributable Profit Slides 66% in Q1

Guanghui Energy's (SHA:600256) attributable profit slid 66% to 236.4 million yuan in the first quarter from 693.2 million yuan, after adjustments, in the year-ago period, according to a Friday filing with the Shanghai bourse.Earnings per share at the Chinese energy company decreased to 0.0370 yuan from 0.1056 yuan in the prior-year period.Operating income declined 23% year over year to 6.89 billion yuan from 8.90 billion yuan.

SHA:600256

Asia110d ago

Goertek's Attributable Profit Rises 7% in Q1

Goertek (SHE:002241) attributable profit rose 7.3% to 503 million yuan in the first quarter from 468.9 million yuan in the year-ago period, according to a Friday filing with the Shenzhen bourse.Earnings per share at the acoustic components manufacturer increased 7.7% to 0.14 yuan from 0.13 yuan in the prior-year period.Operating income grew 14% year over year to 18.7 billion yuan from 16.3 billion yuan.

SHE:002241

Asia110d ago

China Accused of 'Industrial-Scale' AI Theft by US

China is facing accusations from the White House of systematically stealing U.S. artificial intelligence intellectual property.Michael Kratsios, director of the White House Office of Science and Technology Policy, said in a Thursday memo that Beijing uses thousands of proxy accounts and "jailbreaking techniques" to extract American AI capabilities.He added that the moves are exploitative and allow foreign actors to "strip security protocols" and result in models that aren't "ideologically neutral and truth-seeking."The memo, released weeks before a Trump-Xi summit, threatens to reignite tech tensions that cooled in October 2025.Beijing said the allegations are "baseless," according to a Reuters report.

Shanghai Composite^SZSE

Asia110d ago

Chinese Stocks Retreat on Dimmer Hopes for US-Iran Truce; Debutant Semight Surges 876%

Chinese stocks closed lower on the last trading day of the week as growing tensions in the Middle East dampened investor sentiment.The Shanghai Composite Index, the main gauge of Chinese stocks, slipped 0.3% or by 13.35 points to 4,079.90. The Shenzhen Component Index fell 0.7% or by 103.15 points to 14,940.30.Stalled talks between the U.S. and Iran, coupled with Tehran's continued control over the Strait of Hormuz, weakened investor appetite, Reuters reported Friday.Washington also accused Beijing of stealing intellectual property from U.S. artificial intelligence laboratories on an industrial scale, as shown in a memo shared on social media.Chinese semiconductor shares finished 2% higher on Friday following the launch of DeepSeek's preview of its V4 model, according to Reuters.On the corporate front, shares in Eoptolink Technology (SHE:300502) plunged 12% despite posting a 77% rise in its first-quarter profit.Debutant Semight Instruments (SHA:688808) closed 876% higher during its first trading day Friday. The Chinese manufacturer of electronic measurement instruments and semiconductor test equipment opened at 736.92 yuan, 800% higher or nine times higher than the offering price of 81.88 yuan per share.

Shanghai Composite^SZSE

Asia110d ago

Market Chatter: Gotion Says Iran War Shifts Focus to New Energy

Gotion High-tech (SHE:002074) said the world is shifting its focus on green energy as the war in Iran made disruptions on the global oil supply, Bloomberg News reported Thursday, citing its founder and chairman.Chairman Li Zhen told Bloomberg Television in an interview that the world is "placing more emphasis" on new energy, such as solar and wind, with cost improvements in batteries enabling governments to become more self-sufficient and not reliant on fossil fuel "from a few countries", the media outlet said.Li predicted that the demand for energy storage systems will jump five times higher than electric vehicles as artificial intelligence becomes more rampant in the long run, giving more opportunities for the battery maker's expansion, Bloomberg said.Data from the China Passenger Car Association showed a doubling of China's electric and hybrid vehicle exports, showing industries and consumers looking for energy supply alternatives, 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.)

SHE:002074

Asia110d ago

GigaVis Wins KRW9.04 Billion Chip Substrate Inspection and Repair Equipment Contract

GigaVis (KOSDAQ:420770) secured a contract to supply semiconductor substrate inspection and repair equipment to domestic chip substrate manufacturers, according to a Friday filing with the Korean Exchange.The contract, valued at 9.04 billion won, is valid until Oct. 30.Shares of the industrial machinery and electronic parts manufacturer jumped more than 9% at market close.

KOSDAQ:420770

Asia110d ago

Xiangyu's 2025 Profit Slips 9%, Revenue Rises 12%

Xiamen Xiangyu's (SHA:600057) net profit attributable to shareholders in 2025 slipped 8.9% to 1.29 billion yuan from 1.42 billion yuan a year earlier, according to a Shanghai bourse filing on Friday.Earnings per share dropped 38% year on year to 0.30 yuan from 0.48 yuan.Operating revenue rose 12% to 410.3 billion yuan from 366.7 billion yuan in the previous year.The Chinese logistics services provider's shares slumped 7% at the close.

SHA:600057

Asia110d ago

Jefferies Adjusts Infosys' Price Target to INR1,235 from INR1,290, Keeps at Hold

BOM:500209NSE:INFY

Asia110d ago

Hindustan Composites Board Approves Capacity Expansion Plan for Fiscal 2027; Shares Up 5%

Hindustan Composites (NSE:HINDCOMPOS, BOM:509635) said its board has approved a capacity expansion plan for the financial year 2026-27, to meet additional demand, according to a Thursday filing on Indian bourses.Shares of the company jumped 5% in Friday's trade.The company plans to add 85,000 units per month over the next six months, funded through internal resources, the filing said.

BOM:509635NSE:HINDCOMPOS

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Asia110d ago

Hong Kong Stocks End Week Marginally Higher; Star Sports Medicine Launches IPO

Hang SengHKG:1609