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Changchun High-Tech Industry's Attributable Profit Slides 94% in 2025

Changchun High-Tech Industry's (SHE:000661) attributable profit fell 94% to 155 million yuan in 2025 from 2.58 billion yuan in 2024, according to a Wednesday filing with the Shenzhen bourse.Earnings per share at the drug manufacturer decreased 94% to 0.39 yuan from 6.42 yuan in the previous year.Operating income declined 10% year over year to 12.1 billion yuan from 13.5 billion yuan.

SHE:000661

Asia111d ago

South Korea's Kospi Closes at Fresh High, Crosses 6,400 Points as Investors Eye Q1 Earnings

South Korean shares closed higher on Wednesday, with the country's primary index Kospi closing at a fresh high of over 6,400 points. Investors eyed the upcoming first-quarter corporate earnings despite the uncertainty over US-Iran talks.The Korea Composite Stock Price Index or Kospi rose 29.46 points, or 0.5%, to end at 6,417.93. The Kosdaq also increased by 2.09 points, or 0.2%, to close at 1,181.12.Shares had opened nearly flat in the day after US President Donald Trump announced an indefinite extension to the ceasefire until Iran came up with a unified proposal on a possible agreement.The White House said JD Vance has not yet left for Pakistan and remains in Washington for further policy meetings, Reuters reported. Meanwhile, Iran said it would engage in talks only after the US ends its naval blockade.Iran's envoy Amir Saeid Iravani, in an interview with Rudlaw News Network at the UN HQ, said talks with the US depend on Washington ending alleged ceasefire violations, including a naval blockade.Iravani added that negotiations could resume in Istanbul once the blockade is lifted, stressing Iran is open to dialogue but also prepared for escalation if necessary.In economic news, producer prices in South Korea increased 4.1% in March from a year earlier, the fastest increase since February 2023, according to preliminary data from the Bank of Korea on Wednesday.The year-on-year gains were driven by higher costs across all categories except electric power, gas, water and waste, which declined 1.1% in the month.Producer prices across agricultural, forestry & marine products, manufacturing, and services increased 0.5%, 5.9%, and 3.1%, respectively.In corporate news, HD Korea Shipbuilding & Offshore Engineering (KRX:009540) secured an order for an ice-breaking vessel from the Swedish Maritime Administration.The deal is valued at 514.8 billion won. The shipbuilder will deliver the vessel by Aug. 28, 2029, according to a Wednesday filing with the Korean Exchange.Shares of HD Korea Shipbuilding jumped more than 8% at market close.

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Asia111d ago

Shenzhen Zhongjin Lingnan Nonfemet's Attributable Profit Slides 26% in 2025

Shenzhen Zhongjin Lingnan Nonfemet's (SHE:000060) attributable profit fell 26% to 801.8 million yuan in 2025 from 1.08 billion yuan in 2024, according to a Wednesday filing with the Shenzhen bourse.Earnings per share at the non-ferrous metals miner decreased 26% to 0.20 yuan from 0.27 yuan in the previous year.Operating income grew 7.2% year over year to 60.5 billion yuan from 56.4 billion yuan.

SHE:000060

Asia111d ago

Hangcha's Attributable Profit Jumps 8.9% in 2025

Hangcha's (SHA:603298) attributable profit rose 8.9% to 2.19 billion yuan in 2025 from 2.01 billion yuan, after adjustments, in 2024, according to a Wednesday filing with the Shanghai bourse.Earnings per share at the heavy equipment maker increased to 1.67 yuan from 1.54 yuan in the previous year.Operating income grew 5.9% year over year to 17.7 billion yuan from 16.7 billion yuan.

SHA:603298

Asia111d ago

China Stocks Rise as Investors Await US-Iran Truce; China Unicom Slides 3%

Chinese stocks continued their upward trend on Wednesday as investors showed cautious optimism following the extension of a truce between the U.S. and Iran.The Shanghai Composite Index, the main gauge of Chinese stocks, gained 0.5% or by 21.18 points to 4,106.26. The Shenzhen Component Index rose 1.3% or by 195.15 points to 15,177.29.The rise comes as U.S. President Donald Trump said he would indefinitely extend a truce with Iran to accommodate more peace negotiations, Reuters reported separately Wednesday.Investors seemed to have heaved a sigh of relief even if it was not yet clear whether Iran or Israel would adhere to the extension, Reuters said.The market has also become increasingly numb to the effects of geopolitical tensions, with Middle East geopolitical risks gradually easing, according to the newswire, citing Nanhua Futures analysts.In corporate news, China United Network Communications' (SHA:600050) shares dropped 3% during the closing bell following an 18% fall in first-quarter profit to 2.14 billion yuan.China Petroleum & Chemical (SHA:600028) or Sinopec's Shanghai shares slipped 1% after one of its units trimmed its stake in battery giant Contemporary Amperex Technology (SHE:300750, HKG:3750) by 8.5 million shares, equivalent to HK$6 billion, multiple media reports said. CATL's Shenzhen shares fell nearly 1%.

Shanghai Composite^SZSESHA:600028SHA:600050SHE:300750

Asia111d ago

Jiangsu Xukuang Energy's Attributable Profit Edges Down 3% in Q1

Jiangsu Xukuang Energy's (SHA:600925) attributable profit fell 3% to 195.5 million yuan in the first quarter from 201.7 million yuan in the year-ago period, according to a Wednesday filing with the Shanghai bourse.Earnings per share at the coal miner and processor decreased to 0.0284 yuan from 0.0293 yuan in the prior-year period.Operating income grew 12% year over year to 3.52 billion yuan from 3.15 billion yuan.

SHA:600925

Asia111d ago

Allcargo Logistics Appoints Chief of Sales - Express

Allcargo Logistics (NSE:ALLCARGO, BOM:532749) has appointed Samir Ahuja as chief of sales - express, according to a filing to the Indian stock exchanges.Ahuja has over 29 years of experience, including his association with Blue Dart Express (NSE:BLUEDART, BOM:526612) and Vodafone Idea (NSE:IDEA, BOM:532822).The company's shares were down nearly 1% in recent trade.

BOM:526612BOM:532749BOM:532822NSE:ALLCARGONSE:BLUEDARTNSE:IDEA

Asia111d ago

United Drilling Tools Bags INR32 Million Order from Vedanta

United Drilling Tools (NSE:UNIDT, BOM:522014) has secured an order worth 31.7 million Indian rupees from Vedanta (NSE:VEDL, BOM:500295), according to a Wednesday filing to the Indian stock exchanges.The contract is for the supply of tubing, pup joints, and crossovers, including accessories, within four months.The company's shares were down nearly 1% in recent trade.

BOM:500295BOM:522014NSE:UNIDTNSE:VEDL

Asia111d ago

APL Apollo Tubes Allots Commercial Papers Worth INR1 Billion

APL Apollo Tubes (NSE:APLAPOLLO, BOM:533758) has allotted commercial papers worth 1 billion Indian rupees to Kotak Mahindra Bank (NSE:KOTAKBANK, BOM:500247), according to a Wednesday filing to the Indian stock exchanges.The commercial papers have been allotted at the rate of 6.15% per annum. They have a tenure of 64 Days and are scheduled to mature on June 25.The company's shares were up nearly 1% in recent trade.

BOM:500247BOM:533758NSE:APLAPOLLONSE:KOTAKBANK

Asia111d ago

Market Chatter: Malaysia Postpones Planned Carbon Tax Amid Middle East Worries

Malaysia has delayed its planned carbon tax implementation, citing ongoing geopolitical tensions in the Middle East, The Star reported Tuesday, citing Natural Resources and Environmental Sustainability Minister, Arthur Joseph Kurup.The tax, which was previously expected to start this year for sectors such as iron, steel and energy, has been deferred to avoid adding pressure on industries and consumers. Kurup said the government will instead prioritize setting up a carbon credit framework, including verification systems and a national carbon registry, reportedly.The National Carbon Market Policy (DPKK), approved on April 1, will serve as the basis for Malaysia's participation in both voluntary and compliance carbon trading markets. He added that Malaysia remains committed to emissions reduction targets for 2035 and its net-zero goal by 2050, while continuing to push the green transition, 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.)

FTSE Bursa Malaysia KLCI

Asia111d ago

Japan Equities Advance on Stronger Outlook, Export Growth

Japanese equities closed higher on Wednesday, with the Nikkei 225 gaining after J.P. Morgan raised its year-end target for the benchmark to 70,000 from 61,000, citing momentum in AI and a weaker yen.On Wednesday, the Nikkei 225 rose 0.4%, or 236.69 points, to close at 59,585.86.Analysts at J.P. Morgan said concerns about overheating in the Nikkei 225 outweigh improving long-term growth prospects for Japanese equities, even as crude prices stay elevated.The benchmark index climbed to a record on Wednesday, nearing the 60,000 mark, as it recovered from a broad global selloff linked to tensions in the Middle East.In economic news, Japan's trade surplus widened to 667 billion yen in March as exports grew faster than imports, with shipments to China and the U.S. offsetting a sharp slump in Middle East trade amid the Iran conflict, data from the Ministry of Finance Japan showed.The Bank of Japan said the financial system remains stable but flagged rising risks from geopolitical tensions, higher oil costs, and exposures to real estate, foreign funds and leveraged market activity.On the corporate front, Mitsubishi UFJ Financial (TYO:8306) fell over 1% after a report said it is considering offering higher deposit rates for a planned digital bank to compete on speed and cost.Tokyo Electric Power (TYO:9501) rose about 4% after securing 4.7 billion yen in fresh grants to support ongoing nuclear compensation payouts.Advantest Corporation (TYO:6857) gained around 3% after joining Applied Materials' EPIC platform and opening a Silicon Valley research center to advance chip development.

Nikkei 225TYO:6857TYO:8306TYO:9501

Asia111d ago

Tipco Engineering Ties Up with Germany's LexaMix to Manufacture Specialized Machinery; Shares Up 5%

Tipco Engineering India (BOM:544740) has collaborated with Germany's LexaMix to manufacture specialized machinery catering to the cosmetics, pharmaceutical, and food processing industries, according to a BSE filing on Wednesday.Under the pact, the company will manufacture process machinery on behalf of LexaMix, targeting key geographies, including Europe, South America, the Middle East, and India.This collaboration will help the company to position itself as a global manufacturing company.The company's shares were up nearly 5% in recent trade.

BOM:544740

Asia111d ago

HUB24's Q3 Net Inflows Disappoint, Netwealth Shows Better Value, Says Jefferies

HUB24's (ASX:HUB) net inflows of about AU$4 billion were below the recent trend as the seven-quarter moving average is at around AU$5.1 billion, according to a Thursday Jefferies note.The company on Tuesday said its total funds under administration clocked in at AU$151.74 billion as of March 31, up 22% from the AU$124.13 billion a year earlier.The investment firm said that while the share price reaction to the trading update was "harsh," it's difficult for the stock not to disappoint, which is trading at 46 times its fiscal 2027 price-to-earnings ratio.Jefferies sees better value in Netwealth Group (ASX:NWL) and Generation Development Group (ASX:GDG), as it said that they have a three-year price-to-earnings growth ratio of about 2 times and 1.26 times, respectively, while trading at significant discounts on their fiscal 2027 price-to-earnings multiples.Jefferies kept a hold rating on Hub24 and increased its price target to AU$94 from AU$93.50.

ASX:GDGASX:HUBASX:NWL

Asia111d ago

Shakti Pumps (India) Invests INR100 Million in EV Mobility Unit

Shakti Pumps (India) (NSE:SHAKTIPUMP, BOM:531431) said it has invested 100 million Indian rupees in its wholly owned subsidiary Shakti EV Mobility by subscribing to 10 million equity shares, according to a Tuesday filing to the Indian stock exchanges.Shares of the company rose 1% in Wednesday's trade.With this, Shakti Pumps' total investment in the EV mobility unit has increased to 650 million Indian rupees, the filing said.The investment is aimed at supporting business expansion of the subsidiary, it added.

BOM:531431NSE:SHAKTIPUMP

Asia111d ago

Challenger's Fiscal 2026 Q3 Update Missed Consensus Across Key Life Metrics, Jarden Says

Challenger's (ASX:CGF) fiscal 2026 third-quarter update missed consensus across key Life metrics, with FM outflows significantly worse than expected, driven by institutional equity mandate attrition in both Australian and global equities, according to a Tuesday note by Jarden.The firm's redemption of all CGFPC notes on May 25 simplifies the capital structure, reduces the AT1 coupon burden, and is earnings-per-share accretive.Jarden sees balanced risk/reward for Challenger in the future, with catalysts including capital management flexibility from the Australian Prudential Regulation Authority reform, as well as expanding retirement partnerships across superfunds.It lowered its fiscal 2026 sales forecast to reflect weaker institutional fixed-term sales, partially offset by higher retail annuity sales as partnerships come online.The investment firm retained its neutral rating on Challenger and raised the price target to AU$8.70 per share from AU$8.60 per share.

ASX:CGF

Asia111d ago

Proya Cosmetics 2025 Profit Down 4%, Revenue Slips 2%

Proya Cosmetics (SHA:603605) posted 2025 attributable net profit of 1.50 billion yuan, down 3.5% from 1.55 billion yuan the previous year.Earnings per share slid to 3.80 yuan from 3.92 yuan, according to a Wednesday filing with the Shanghai bourse.Operating revenue declined 1.7% year over year to 10.6 billion yuan from 10.8 billion yuan.Shares of the cosmetics maker were up over 1% in recent trade.

SHA:603605

Asia111d ago

Rukmani Devi Garg Agro Impex's CFO Resigns; Shares Up 5%

Agri products company Rukmani Devi Garg Agro Impex (BOM:544552) said its chief financial officer and key managerial personnel, Lakshya Gupta, effective Wednesday, according to a same-day filing to the BSE.Gupta resigned due to personal and professional commitments.The company's shares were up nearly 5% in recent trade.

BOM:544552

Asia111d ago

Market Chatter: Indonesia to Export About 1 Million Tonnes of Fertilizer Due to Domestic Surplus

Indonesia is in discussion to export nearly 1 million tonnes of fertilizer to India, the Philippines, Thailand and Brazil due to domestic surplus, The Star reported Wednesday, citing Cabinet Secretary Teddy Indra Wijaya's presidential office statement.The plan follows an earlier commitment to supply 250,000 tonnes of fertilizer to Australia. The country produces about 7.8 million tonnes of urea fertilizer annually against the domestic demand of 6.3 million tonnes, leaving a surplus available for export, according to the report.The move will balance domestic supply needs while expanding overseas markets amid shifting global fertilizer demand, the news outlet reported.(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.)

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Asia111d ago

Light & Wonder's Q1 Results Expected to Be Soft, 2026 Outlook Expected to Be Maintained, Jarden Says

Light & Wonder's (ASX:LNW) first-quarter results are expected to be soft, though the full-year outlook is expected to be maintained, Jarden said in a Tuesday note.Jarden said its first-quarter adjusted earnings before interests, taxes, depreciation, and amortization (AEBITDA) estimate of $326 million is expected to be 5% below consensus. The first quarter represents just 21% of the full-year AEBITDA estimate and proportional contribution set to build through the year.It noted that the underlying demand backdrop remains intact.The investment firm retained its buy rating on Light and Wonder and cut the price target to AU$190 per share from AU$199 per share.

ASX:LNW

Asia111d ago

CECEP Wind-power 2025 Profit Falls 48%; Shares Down 3%

CECEP Wind-power (SHA:601016) posted 2025 attributable net profit of 685.7 million yuan, down 48% from 1.33 billion yuan the previous year.Earnings per share slid to 0.106 yuan from 0.199 yuan, according to a Wednesday filing with the Shanghai bourse.Operating revenue declined 11% year over year to 4.50 billion yuan from 5.03 billion yuan.Shares of the renewable energy company were down 3% in recent trade.

SHA:601016

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Asia111d ago

South Korea's Kospi Closes at Fresh High, Crosses 6,400 Points as Investors Eye Q1 Earnings

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