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Crystal-Optech Q1 profit Up 12%, Revenue Rises 16%

Zhejiang Crystal-Optech (SHE:002273) posted first-quarter attributable net profit of 246.7 million yuan, up 12% from 220.9 million yuan the previous year.Earnings per share rose to 0.18 yuan from 0.16 yuan, according to a Thursday filing with the Shenzhen bourse.Revenue climbed 16% year over year to 1.72 billion yuan from 1.48 billion yuan.Shares of the optics and optoelectronics manufacturer were up 1% in recent trade.

SHE:002273

Asia111d ago

Market Chatter: Malaysia Does Not Own Diesel Shipment to Australia, Official Says

Malaysia does not own the 200 million liters of diesel bound for Australia, government-owned Bernama reported Wednesday, citing Communications Minister Fahmi Fadzi.Fadzi said the diesel belongs to an international company that uses Malaysia as a storage hub, and is not Malaysian-produced diesel, according to the report.The diesel shipment is linked to a commercial arrangement with BP Australia, which operates a storage facility in Malaysian waters. The vessel transporting the fuel is scheduled to depart from Malaysia as part of the logistics chain, he 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

Asia111d ago

Shanghai Rural Commercial Bank Books Flat Profit in 2025; Shares Down 3%

Shanghai Rural Commercial Bank's (SHA:601825) net profit attributable to shareholders in 2025 was almost unchanged at 12.31 billion yuan from 12.29 billion yuan in 2024, according to a Shanghai bourse filing on Thursday.Earnings per share rose 0.8% to 1.28 yuan from 1.27 yuan.Operating revenue dropped 2.9% to 25.9 billion yuan from 26.6 billion yuan in the previous year.The lender's shares dropped almost 3% during the afternoon trade on Thursday.

SHA:601825

Asia111d ago

Wintime Energy's Attributable Profit Slides 87% in 2025

Wintime Energy (SHA:600157) attributable profit fell 87% to 208.6 million yuan in 2025 from 1.56 billion yuan in 2024, according to a Thursday filing with the Shanghai bourse.Earnings per share at the coal and energy producer decreased to 0.0095 yuan from 0.0705 yuan in the previous year.Operating income declined 16% year over year to 23.8 billion yuan from 28.4 billion yuan.Shares increased nearly 1% during afternoon trading on Thursday.

SHA:600157

Asia111d ago

Yunnan Lincang Xinyuan Germanium Industry 2025 Profit Falls 62%, Revenue Up 39%

Yunnan Lincang Xinyuan Germanium Industry (SHE:002428) posted 2025 attributable net profit of 20.1 million yuan, down 62% from 53.1 million yuan the previous year.Earnings per share declined to 0.03 yuan from 0.08 yuan, according to a Thursday filing with the Shenzhen bourse.Revenue climbed 39% year over year to 1.07 billion yuan from 767.4 million yuan.

SHE:002428

Asia111d ago

New Zealand Shares Fall; Genesis Energy Posts Lower Fiscal Q3 Retail Electricity Sales

New Zealand shares ended lower on Thursday as most Asian indexes saw losses after shipping worries continued around the Strait of Hormuz.The S&P/NZX 50 Index fell 0.47% or 60.67 points to close at 12,884.93.Iran seized two ships in the Strait of Hormuz, tightening its control over the strategic waterway after US President Donald Trump said he was indefinitely suspending attacks, with no indication that peace negotiations would resume, according to a Thursday Reuters report."Markets look very on edge here. We are still in a no-war, no-peace zone, and that means even an ⁠unverified scare of escalation can jolt oil and knock risk assets lower," said Charu Chanana, chief investment strategist at Saxo, as quoted by Reuters.In domestic news, Moody's has revised its outlook on New Zealand's AAA credit rating to negative from stable in a move that again signals a need for checks on spending and borrowing, Finance Minister Nicola Willis said.Further, credit card spending in New Zealand increased by 0.7% month on month to NZ$4.87 billion in March after a 0.1% increase in the previous month, while credit card balances fell 0.5% to NZ$6.08 billion in March, data from the Reserve Bank of New Zealand showed.Also, sales volumes continued to decline across New Zealand's housing market for the third consecutive month in March, down 2.4% year-over-year, Cotality saidIn corporate news, Genesis Energy (ASX:GNE, NZE:GNE) reported total retail electricity sales of 1,380 gigawatt-hours (GWh) for the fiscal third quarter ended March 31, down from 1,474 GWh in the same quarter a year earlier.Comvita (NZE:CVT) launched a pro-rata renounceable rights offer to raise up to NZ$30 million to support bank refinancing.

^NZ50ASX:GNENZE:CVTNZE:GNE

Asia111d ago

Giordano International's Q1 Revenue Up Nearly 4%

Giordano International (HKG:0709) reported HK$1.04 billion in first-quarter revenue, up 3.9% from HK$997 million a year earlier, according to a Thursday Hong Kong bourse filing.Revenue in Greater China rose 7.8% to HK$456 million, while sales in Southeast Asia and Australia jumped 4.2% to HK$398 million. Revenue from the Gulf Cooperation Council region fell 5.2% to HK$182 million.By channel, online revenue climbed 40.5% year over year to HK$163 million, while offline sales increased 2.3% to HK$767 million.Revenue from wholesale to franchisees fell 19% to HK$106 million.Group same-store sales jumped 8.2% to HK$817 million from HK$755 million.As of March 31, the apparel retailer operated 1,565 stores, down from 1,720 a year earlier.

HKG:0709

Asia111d ago

Alembic Pharmaceuticals Incorporates Philippines Subsidiary

Alembic Pharmaceuticals (NSE:APLLTD, BOM:506235) has established a subsidiary called Alembic Lifesciences Philippines Inc. in the Philippines, according to a Wednesday filing to the Indian stock exchanges.Shares of the company rose over 2% in Thursday's trading.The company will hold a 99.99% stake in the new entity, which will focus on marketing and distribution of pharmaceutical products in the region, the filing said.

BOM:506235NSE:APLLTD

Asia111d ago

J. K. Cement Emerges Preferred Bidder for Mining Lease for Karunda Limestone Block in India

J. K. Cement (NSE:JKCEMENT, BOM:532644) has been declared as the preferred bidder for the mining lease for Karunda Limestone Block-I spread over an area of 35.98 hectares in Chittorgarh in the state of Rajasthan, India, according to a Thursday filing to the Indian stock exchanges.The company had participated in the e-auction conducted by the state government of Rajasthan.The company's shares were down over 2% in recent trade.

BOM:532644NSE:JKCEMENT

Asia111d ago

AME REIT Books Investment Property Revaluation Surplus of MYR86 Million; Shares Rise 3%

AME Real Estate Investment Trust (KLSE:AMEREIT) recorded a revaluation surplus of about 86 million ringgit on its investment property portfolio for the financial year ended March 31, according to a Wednesday Malaysian bourse filing.Shares gained 3% in Thursday's afternoon trade.The uplift in property values is expected to increase the company's net asset value per unit to about 1.26 ringgit before income distribution.The exercise was conducted for accounting purposes under Malaysian financial reporting standards and REIT guidelines requiring annual revaluations, the filing said.

KLSE:AMEREIT

Asia111d ago

K.P. Energy Gets Inter-State Electricity Trading Licence in India; Shares Up 5%

K.P. Energy Ltd. (NSE:KEPL, BOM:539686) has received an inter-state electricity trading licence from the Central Electricity Regulatory Commission (CERC), according to a Thursday filing to the Indian stock exchanges.This approval will allow the company to undertake electricity trading across states and participate in nationwide power markets beyond region-specific offtake arrangements.It will help the company to engage with a broader customer base, including utilities and commercial and industrial consumers. It will also participate in exchange-led and short-term markets, as well as in long-term contracting strategies.The company's shares were up nearly 5% in recent trade.

BOM:539686NSE:KEPL

Asia111d ago

Radiopharm Theranostics Reports Decline in Cash at End of March

Radiopharm Theranostics (ASX:RAD) said it closed the March quarter with a cash position of AU$19.2 million, down from AU$34.5 million at the end of the previous quarter, according to a Thursday filing with the Australian bourse.The company reported net cash outflows from operating activities of AU$14.9 million for the quarter, with direct research and development expenses and staff costs representing 95% of the total.Radiopharm Theranostics has completed enrolment in a phase 2b clinical trial of imaging agent RAD 101 in patients with recurrent brain metastases, and has also received a positive recommendation from the Data and Safety Monitoring Committee to advance its RAD 202 radiopharmaceutical therapy candidate to the next dose level, per the filing.

ASX:RAD

Asia111d ago

AME REIT Declares Quarterly Income Distribution; Shares Rise 3%

AME Real Estate Investment Trust (KLSE:AMEREIT) declared a quarterly income distribution of 0.0216 ringgit per unit for the period ended March 31, according to a Wednesday Malaysian bourse filing.Shares gained 3% in Thursday's afternoon trade.The payout comprises 0.0139 ringgit in taxable income and 0.0077 ringgit in tax-exempt distribution.The entitlement date is May 8, while payment will be made on May 28, it added.

KLSE:AMEREIT

Asia111d ago

Larsen & Toubro's Buildings and Factories Business Bags Orders Worth Up to INR25 Billion

Larsen & Toubro (NSE:LT, BOM:500510), through its buildings and factories business vertical, has secured "significant" orders, worth 10 billion Indian rupees to 25 billion rupees, in India, according to a Thursday filing to the Indian stock exchanges.The company has bagged an order from Oberoi Realty (NSE:OBEROIRLTY, BOM:53327) to construct seven high-rise residential towers in Gurugram, India.The business vertical received an order to build a proving ground from an international company in Haryana. The facility will be aimed at boosting testing infrastructure for vehicles embedded with the latest technology.The company's shares were up nearly 1% in recent trade.

BOM:500510BOM:533273NSE:LTNSE:OBEROIRLTY

Asia111d ago

City Union Bank Opens Five New Branches in India

City Union Bank (NSE:CUB, BOM:532210) opened five new branches in India on Wednesday to take its total number of branches to 978, according to a same-day filing to the Indian stock exchanges.Shares of the bank fell over 1% in Thursday's trade.The lender opened two branches in Rajasthan and one each in Uttar Pradesh, Jammu and Gujarat, the filing said.

BOM:532210NSE:CUB

Asia111d ago

Market Chatter: Alibaba-Backed Zelos Technology Weighs $600 Million Hong Kong IPO

Zelos Technology, backed by Alibaba (HKG:9988), is weighing a Hong Kong listing that could raise around $600 million, Bloomberg reported, citing people familiar with the matter.The robovan operator, formally known as Jiushi Suzhou Intelligent Technology, has begun engaging banks as it explores a potential share sale, the report said.Key terms of the deal, including size and timing, have yet to be finalized and remain subject to change, 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.)

Hang Seng

Asia111d ago

Perenti to Face Fiscal 2027 Earnings Softness Before Growth Rebounds, Jefferies Says; Shares Fall 6%

Perenti (ASX:PRN) is expected to face a modest earnings "air pocket" in fiscal year 2027 before growth resumes, driven by stronger US expansion and improving utilization trends, Jefferies said in a note on Wednesday.Jefferies said that, despite a strong underlying pipeline, activity in Barminco and African Underground Mining Services is now expected to start contributing in late fiscal year 2027 or early fiscal year 2028 instead of earlier, due to delays in contract conversion rather than any weakening in long-term demand.The firm expects a modest impact in the first half of 2027 from softer exploration activity, driven by higher diesel costs and budget pressures on junior and mid-tier miners, but reiterated that the company's greater exposure to production drilling should help offset broader sector volatility.The firm remains constructive on the company's strategy under Chief Executive Vanessa Torres, citing Barminco's expansion into the US, reduced exposure to West Africa, growth in artificial intelligence and logistics, and ongoing portfolio reshaping through divestments, mergers, and acquisitions.Jefferies maintained a hold rating on Perenti and decreased the price target to AU$2.35 from AU$2.50.The company's shares fell 6% in recent Thursday trade.

ASX:PRN

Asia111d ago

Dynamatic Signs MoU with Germany's Aerodata to Develop Unmanned, Airborne Surveillance

Dynauton Systems, a division of Dynamatic Technologies (NSE:DYNAMATECH, BOM:505242), entered into a memorandum of understanding with Germany's Aerodata, according to a Thursday filing to the Indian stock exchanges.The two companies aim to develop a new unmanned, airborne surveillance and reconnaissance solution for the Indian region based on Aerodata's modular AeroForce X platform.The MALE UAS combines high payload capacity with a maximum endurance of up to 40 hours and is designed for the integration of advanced mission system technology, which suits AeroForce X for long-duration missions over land and sea.Under the MoU, the two companies will jointly evaluate how AeroForce X can be further developed and deployed to meet the requirements of the Indian market.

BOM:505242NSE:DYNAMATECH

Asia111d ago

Australian Strategic Materials Says FIRB Approved Proposed Sale to Energy Fuels; Shares Jump 5%

Australian Strategic Materials (ASX:ASM) said Australia's Foreign Investment Review Board (FIRB) has approved Energy Fuels' proposed acquisition of up to 100% ownership of the company, according to a Thursday filing with the Australian bourse.The deal remains subject to other conditions, including court and Australian Strategic Materials' shareholders approval.Shares of Australian Strategic Materials gained 5% in recent Thursday trade.

ASX:ASM

Asia111d ago

Leform, Two Others to Establish Steel Supply, Operational Collaboration; Shares Drop 6%

Leform (KLSE:LEFORM) signed a memorandum of understanding with Nippon Steel Trading and NST Trading Malaysia, to establish a long-term collaboration framework, according to a Wednesday Malaysian bourse filing.Shares dropped about 6% in Thursday's afternoon trade.Under the deal, Leform aims to increase steel material sourcing from NST Trading Malaysia and Nippon Steel Trading, while the partners will work to meet its supply needs and improve procurement efficiency.The collaboration also includes joint efforts in negotiating with Malaysian steel suppliers and sharing technical know-how to enhance factory operations.The MoU is valid until March 2036, and will strengthen supply chain stability and operational efficiency for Leform's steel business, the filing said.

KLSE:LEFORM

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