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Glass Lewis Controversy Alert: PPB Group

Glass Lewis issued a controversy alert for PPB Group (KLSE:PPB) shareholders ahead of the company's annual general meting on May 14, according to a recent release.The alert concerns regulatory and legal issues related to Wilmar International, in which the company is the largest shareholder.Wilmar International is a major earnings contributor for the company.The company recognized a material 4.17 billion ringgit impairment on its Wilmar investment, leading to a net loss at the group level.The impairment stems from regulatory penalties, legal cases, and compliance-linked risks in Indonesia, as well as macroeconomic constraints faced by Wilmar International in China.The adjustment points to rising doubts about Wilmar International's future contributions.The alert's rationale relates to relevant media coverage and potential material ESG risk and falls under oversight issue and other governance issue.

KLSE:PPB

Asia111d ago

Shanghai Allist Pharmaceuticals' Attributable Profit Increases 55% in Q1

Shanghai Allist Pharmaceuticals' (SHA:688578) attributable profit rose 55% to 632.8 million yuan in the first quarter from 395.8 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.Earnings per share at the drug manufacturer increased to 1.41 yuan from 0.91 yuan in the prior-year period.Operating income grew 44% year over year to 1.58 billion yuan from 1.10 billion yuan.

SHA:688578

Asia111d ago

L&T Technology Services Consolidated Profit Rises in Fiscal Q4; Shares Down 3%

L&T Technology Services (NSE:LTTS, BOM:540115) consolidated attributable net profit rose to 3.32 billion Indian rupees in the fiscal fourth quarter ended March 31, from 3.11 billion rupees a year ago.Earnings per share contracted to 31.29 rupees from 29.32 rupees a year earlier, according to a Wednesday filing to the Indian stock exchanges.The company's shares were down nearly 3% in Thursday's trading.Revenue from operations in fiscal Q4 increased to 28.6 billion rupees from 26.4 billion rupees a year ago.Additionally, the company declared second interim dividend of 40 rupees per share for the fiscal year ended March 31.

BOM:540115NSE:LTTS

Asia111d ago

Mirai Industry's Full-Year Profit Slips 2.8%

Mirai Industry's (TYO:7931) profit attributable to owners of the parent slipped 2.8% to 4.7 billion yen for the fiscal year ended March 20 from 4.83 billion yen a year earlier.The electrical materials and piping company's earnings per share declined to 290.73 yen from 299.64 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales rose 1.2% to 45.7 billion yen from 45.1 billion yen in the prior year.It declared a final dividend of 95 yen per share, payable from May 27.For the fiscal year ending March 20, 2027, the company expects attributable profit of 877 million yen for the full year, basic EPS of 54.30 yen, and net sales of 11.8 billion yen.Mirai Industry plans to pay interim and year-end dividends of 50 yen per share, each, for the year, which is lower than the amount paid in the prior-year period.

TYO:7931

Asia111d ago

Canon's Profit Falls 33% in Fiscal Q1

Canon's (TYO:7751) profit attributable to owners of the parent fell 33% to 48.3 billion yen in the fiscal first quarter from 72.2 billion yen a year earlier.The photographic and digital imaging company's earnings per share declined to 55.16 yen from 77.22 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales rose 3.3% to 1.0934 trillion yen for the three months ended March 31 from 1.0584 trillion yen in the prior year.For the full year ending Dec. 31, the company expects attributable profit of 333 billion yen, EPS of 388.10 yen, and net sales of 4.765 trillion yen.Canon plans to pay interim and year-end dividends of 80 yen per share, each, for the current fiscal year, which is the same amount paid in the year-ago period.

TYO:7751

Asia111d ago

Shimano's Net Income Surges 31% in Q1

Shimano's (TYO:7309) net income attributable to owners of the parent surged 31% to 12.8 billion yen for the first quarter from 9.8 billion yen a year earlier.The cycling components company's basic earnings per share increased to 148.45 yen from 110.20 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales rose 3.6% to 117.6 billion yen for the three months ended March 31 from 113.5 billion yen in the prior year.For the full year ending Dec. 31, the company expects attributable profit of 42 billion yen, basic EPS of 488.19 yen, and net sales of 467 billion yen.Shimano plans to pay interim and year-end dividends of 181.50 yen per share, each, for the current year, which is higher than the amount paid in the prior-year period.

TYO:7309

Asia111d ago

StanChart Buys Back Shares

Standard Chartered (HKG:2888) bought back 820,000 shares on Wednesday at an average price of 17.96 pounds sterling apiece, according to a Thursday Hong Kong bourse filing.The British lender plans to cancel the shares, following which it will have about 2.22 billion shares in issue.

HKG:2888

Asia111d ago

Tibet Summit Resources 2025 Profit Up 123%, Revenue Climbs 48%

Tibet Summit Resources (SHA:600338) posted 2025 attributable net profit of 512.0 million yuan, up 123% from 229.6 million yuan the previous year.Earnings per share rose to 0.5601 yuan from 0.2512 yuan, according to a filing with the Shanghai bourse.Revenue climbed 48% year over year to 2.43 billion yuan from 1.64 billion yuan.Shares of the mining company were down 10% in recent trade.

SHA:600338

Asia111d ago

Hwatsing Technology's Attributable Profit Rises 6% in Q1

Hwatsing Technology's (SHA:688120) attributable profit rose 6% to 247.3 million yuan in the first quarter from 233.4 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.Earnings per share at the semiconductor equipment product manufacturer increased 6% to 0.70 yuan from 0.66 yuan in the prior-year period.Operating income grew 32% year over year to 1.20 billion yuan from 912.5 million yuan.

SHA:688120

Asia111d ago

Market Chatter: Nvidia H200 Chip Sales to China Stall Amid Policy Tensions

Nvidia's H200 AI chips have yet to reach Chinese buyers, with U.S. Commerce Secretary Howard Lutnick saying Beijing has not approved purchases as it prioritizes domestic industry investments, Reuters reported Wednesday.Despite conditional clearance from Donald Trump's administration, disagreements on both sides have delayed shipments, 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.)

Shanghai Composite^SZSE

Asia111d ago

Prudential Buys Back Shares

Prudential (SGX:K6S, HKG:2378) bought back 277,659 shares in London on Wednesday at an average price of about 11.27 pounds sterling apiece, according to a Thursday 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

Asia111d ago

Union Bank of India's Consolidated Net Profit Rises in Fiscal Q4; Shares Down 7%

Union Bank of India's (NSE:UNIONBANK, BOM:532477) consolidated net profit rose to 55.0 billion Indian rupees in the fiscal fourth quarter ended March 31, from 50.1 billion rupees a year ago.Earnings per share came in at 7.21 rupees from 6.56 rupees a year earlier, the bank said in filing to the Indian bourses on Thursday.Interest earned by the lender in fiscal Q4, however, fell to 266.8 billion rupees from 273.7 billion rupees a year ago.The board of directors has recommended a dividend of of 5 rupees per equity share of 10 rupees each for the financial year 2025-26.The bank's shares were down nearly 7% in recent trade.

BOM:532477NSE:UNIONBANK

Asia111d ago

Tech Rally, US-Iran's Ceasefire Extension Push Kospi to New High

South Korean shares closed at a new high on Thursday, just shying away from touching the 6,500 level, as investor optimism rose after the US and Iran extended their ceasefire indefinitely. In addition, SK Hynix's (KRX:000660) stellar first-quarter earnings also buoyed sentiment.The Korea Composite Stock Price Index or Kospi rose 57.88 points, or 0.9%, to end at 6,475.81. The Kosdaq, however, decreased by 6.81 points, or 0.6%, to close at 1,174.31.Technology stocks such as Samsung Electronics (KRX:005930) and LG Corporation (KRX:003550) also drove gains, as investors focused on their upcoming first-quarter earnings releases. Shares of Samsung Electronics added over 3% while those of LG Corp. added nearly 2% at market close.In economic news, South Korea's real gross domestic product increased 3.6% in the first quarter of 2026 from the same period last year, following a 1.6% annual expansion in the prior quarter, an advance estimate by the Bank of Korea indicated on Thursday.According to a median forecast of economists polled by Reuters, the country's real GDP was expected to grow 2.7%.On a quarterly basis, the economy grew by 1.7% in Q1, which also surpassed the Reuters estimate of 1%.Meanwhile, gross domestic income increased 12.3% on an on-year basis and 7.5% on an on-quarter basis in Q1In corporate news, Tovis (KOSDAQ:051360) posted first-quarter net income attributable to shareholders of 16.05 billion won, up 77% from 9.07 billion won a year earlier, according to a Thursday filing with the Korea Exchange.The South Korean display models manufacturer's sales jumped 10.4% year over year to 169.8 billion won from 153.8 billion won.Shares of Tovis rose more than 4% at market close.

^KOSDAQKOSPIKOSDAQ:051360KRX:000660KRX:003550KRX:005930

Asia111d ago

China National Chemical Engineering Logs 115 Billion Yuan in Q1 Contracts

China National Chemical Engineering's (SHA:601117) contracts amounted to 114.9 billion yuan in the first quarter, according to a Thursday filing with the Shanghai bourse.The number of contracts signed during the quarter reached 1,482.

SHA:601117

Asia111d ago

Delta Corp.'s Consolidated Net Profit Plummets in Fiscal Q4; Shares Jump 12%

Delta Corp (NSE:DELTACORP, BOM:532848) posted a sharp decline in its consolidated attributable net profit to 164.5 million Indian rupees in the fiscal fourth quarter ended March 31 from 1.65 billion rupees a year ago.Earnings per share slipped to 0.61 rupees compared with 6.15 rupees a year earlier, according to a Wednesday filing to the stock exchanges by the gaming and real estate company.Revenue from operations in fiscal Q4 declined to 1.61 billion rupees from 1.83 billion rupees a year earlier.The board of directors declared a final dividend of 0.50 rupees per equity share.Shares of the company jumped nearly 12% in recent trade.

BOM:532848NSE:DELTACORP

Asia111d ago

Chinese Shares Slide as Middle East Tensions Rise; Wus Printed Jumps 4% on Better Q1 Performance

Mainland Chinese shares slipped on Thursday on investor worries regarding rising tensions in the Middle East.The Shanghai Composite Index, the main gauge of Chinese stocks, lost 0.3% or 13.01 points to reach 4,093.25. The Shenzhen Component Index slipped 0.9% or by 133.84 points to 15,043.45.Investors became risk-averse following Iran's seizure of two ships in the Strait of Hormuz on Wednesday, Reuters reported Thursday.The action comes after U.S. President Donald Trump said there is "no time frame" for the war with Iran due to the American blockade on Iranian ports, CNN reported separately.Iran's chief negotiator earlier said talks with the U.S. are not possible as Tehran believes Washington violated the ceasefire due to the blockade, according to the BBC.Onshore liquor sales saw relief, with the CSI Liquor Index jumping 2% at market close.Shanxi Xinghuacun Fen Wine Factory (SHA:600809) closed 4% higher despite 2025 profit staying flat at 12.2 billion yuan.Wus Printed Circuit Kunshan (SHE:002463) shares rose 3% during the closing bell following a 63% rise in its first-quarter profit.

Shanghai Composite^SZSESHA:600809SHE:002463

Asia111d ago

Mini Diamonds (India) Gets Board Nod for Bonus Issue of Shares

Mini Diamonds (India) (BOM:523373) has received board approval to issue bonus equity shares in the ratio of 1:1, according to a BSE filing on Thursday.The company plans to issue one bonus equity share of 2 Indian rupees each for every equity share of 2 rupeeseach to the eligible shareholders.The company will use 235.7 million Indian rupees of free reserves and share premium to implement the bonus issue.The bonus issue is expected to be completed by June 21.

BOM:523373

Asia111d ago

Dosilicon's Attributable Loss Widens in 2025

Dosilicon's (SHA:688110) attributable loss widened to 194.8 million yuan in 2025 from 167.1 million yuan in 2024, according to a Thursday filing with the Shanghai bourse.The memory chip producer logged a loss per share of 0.45 yuan, wider than 0.38 yuan in the previous year.Operating income grew 44% year over year to 921.4 million yuan from 641 million yuan.

SHA:688110

Asia111d ago

Saboo Sodium Chloro Gets Land Conversion Approval to Build New Resort in Jawai, India

Saboo Sodium Chloro (BOM:530461) has received a conversion order from the office of the District Collector of Pali, in Rajasthan, India for the land parcel on which the company is developing a resort in Jawai, Rajasthan, according to a Thursday filing to the Indian stock exchanges.The company plans to build a 120-room luxury 5-star resort on the acquired land in Jawai.This latest order, marks the completion of the key regulatory approvals required to start construction of the project.Subject to receipt of the building plan approval and other customary statutory clearances, the company expects to begin construction thereafter.

BOM:530461

Asia111d ago

Shyam Metalics to Start Commercial Production at Aluminium Manufacturing Unit in Odisha, India; Shares Up 3%

Smel Steel Structural, a step-down subsidiary of Shyam Metalics and Energy (NSE:SHYAMMETL, BOM:543299) is poised to begin commercial production at its aluminium manufacturing project in Sambalpur, Odisha in India, according to a Thursday filing to the Indian bourses.The facility will produce aluminium flat rolled products with an installed capacity of 60,000 tons per annum (TPA), in the thickness range of 0.3 - 4.0 mm, and aluminium foils with a capacity of 18,000 TPA, in the thickness range of 6 - 40microns.Sambalpur unit, when commissioned, is expected to significantly enhance the company's financial and operational performance. The company estimated a 40-50% improvement in operating margins driven by better product mix and enhanced efficiencies.Its revenue is also expeected to increase by 2x to 2.5x over the medium term, supported by expanded market reach and higher realization products.The company's shares were up 3% in recent trade.

BOM:543299NSE:SHYAMMETL

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