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China Spacesat's Loss Widens in Q1; Shares Down 7%

China Spacesat's (SHA:600118) net loss attributable to shareholders in the first quarter widened year on year to 42.7 million yuan, or 0.04 yuan per share, according to a Shanghai bourse filing on Wednesday.The attributable loss a year earlier was 24.1 million yuan, or 0.02 yuan per share.Operating revenue jumped 38% to 609.1 million yuan from 441.7 million yuan in the prior year.The Chinese satellite manufacturer's shares slumped less than 7% during the morning trade.

SHA:600118

Asia111d ago

Hengli Petrochemical's Q1 Profit Jumps 91% Despite Revenue Fall

Hengli Petrochemical's (SHA:600346) net profit attributable to shareholders in the first quarter jumped 91% to 3.91 billion yuan from 2.05 billion yuan a year earlier, according to a Shanghai bourse filing on Wednesday.Earnings per share climbed 93% year on year to 0.56 yuan from 0.29 yuan.Operating revenue dropped 14% to 49.2 billion yuan from 57 billion yuan in the previous year.The Chinese petrochemical company's shares fell more than 2% during the morning trade.

SHA:600346

Asia111d ago

Tivan Says Drilling at Northern Territory Tungsten Project First Priority; Shares Down 4%

Tivan (ASX:TVN) said its geology team will start the drilling program at the Molyhil tungsten project in the Northern Territory as a first priority, targeting high-priority tungsten targets outside the existing mineral resource, according to a Wednesday Australian bourse filing.The company mobilized equipment and personnel to start fieldworks for the year, following regulatory approval from the Northern Territory government.The company is progressing planning for regional scale on-ground exploration activities in the second quarter at the Baucau and Ossu projects in East Timor, including further surface sampling and mapping.Tivan is reviewing its long-term development strategy and planning for the next phase of work for the Speewah vanadium project, the filing said. Exploration planning is on-going on the Sandover AI project in the Northern Territory.The company's shares fell past 4% in recent trading on Wednesday.

ASX:TVN

Asia111d ago

Scentre Group's Total Business Partner Sales Rise in March Quarter

Scentre Group's (ASX:SCG) total business partner sales across its portfolio for the three months ended March 31 were up 5% compared with a year earlier, reaching AU$7 billion, driven by 5.3% growth in specialty sales, according to a Wednesday Australian bourse filing.The company reported total business partner sales across its portfolio for the three months ended March 31, 2025, of AU$6.7 billion, an earlier filing showed.The portfolio occupancy stood at 99.8% as of March 31, up 20 basis points from the same period a year earlier.Customer visitation across the company's 42 Westfield centers reached 160 million from the start of the year through April 19, representing a 3.1% increase compared with the year-earlier period.The company maintained its target for funds from operations of at least AU$0.2373 per security for 2026, based on its operating performance in the first quarter, representing at least 4% growth for the year.

ASX:SCG

Asia111d ago

Global Lithium Resources Executes a Binding Term Sheet with Jiangsu Lopal For AU$7.3 Million Equity Investment

Global Lithium Resources (ASX:GL1) executed a binding term sheet with Jiangsu Lopal Tech., which provides for an equity investment of AU$7.3 million via a placement and an offtake prepayment of $75 million, according to a Wednesday Australian bourse filing.Jiangsu Lopal will subscribe for 13.8 million fully paid ordinary shares in Global Lithium at an issue price of AU$0.52875 per share.Jiangsu Lopal will offtake 40% of Manna lithium project's annual actual production. The long-term offtake agreement has a 10-year term from the date of the first supply of product, with an option for Jiangsu Lopal to extend for a further four years.Global Lithium and its wholly-owned unit, MB Lithium, also entered into a separate binding tenements and mineral rights sale agreement with Lopal Tech Perth, a wholly-owned unit of Jiangsu Lopal, for the sale of Global Lithium's interest in its Marble Bar lithium project, in Western Australia, including certain non-core exploration tenements and associated lithium mineral rights, for a total consideration of nearly AU$14.9 million.

ASX:GL1

Asia111d ago

Phancy Group Seeks HK$1.57 Billion via Share Offering; Shares Drop 11%

Phancy Group (HKG:6682) seeks to raise HK$1.57 billion via a stock offering, according to a Hong Kong bourse filing Wednesday.Shares of the company fell nearly 11% in morning trade Wednesday.The firm is seeking investors for 38.8 million shares at HK$40.36 apiece to raise funds to support the company's ongoing business development needs, including the purchase of GPUs for artificial intelligence computing power.The shares represent 12.09% of the firm's H shares and 7.47% of its issued shares, and 10.79% and 6.95% as enlarged by the sale, respectively.

HKG:6682

Asia111d ago

Bitfire to Buy Software Assets From Chairman-Linked Firm for HK$12 Million; Shares Jump 3%

Bitfire (HKG:1611) said it agreed to acquire software assets from a company controlled by its chairman, Li Lin, for about HK$12.4 million, according to a Wednesday Hong Kong bourse filing.The assets comprise the AvenirX System, an investment and trading platform covering portfolio management, execution, and risk control functions.The consideration will be paid in cash in two instalments, the filing said.Bitfire said the acquisition will help integrate its trading infrastructure, enhance risk management, and support long-term growth in asset management.Shares of the company rose nearly 3% in early-morning trade on Wednesday.

HKG:1611

Asia111d ago

China United Network Communications' Q1 Profit Falls 18%

China United Network Communications' (SHA:600050) net profit attributable to shareholders in the first quarter fell 18% year on year to 2.14 billion yuan, or 0.068 yuan per share, according to a Wednesday filing on the Shanghai bourse.The attributable profit a year earlier was 2.61 billion yuan, or 0.083 yuan per share.Operating revenue slipped 1% to 102.8 billion yuan from 103.4 billion yuan in the previous year.The telecom company's shares dropped 2% during the morning trade.

SHA:600050

Asia111d ago

Metal Powder Works Says Powder Revenue Nearly Doubles in March Quarter, Shares Down 4%

Metal Powder Works (ASX:MPW) said powder revenue nearly doubled quarter-on-quarter in the March quarter, with gross margins maintained at about 50%, according to a Wednesday Australian bourse filing.The company received 35 orders during the quarter, including 18 repeat and 17 first-delivery customers.The company said its Next Gen #1 program is tracking on schedule and on budget, with the first powder successfully produced and ramp-up underway toward its designed 100 metric tonne capacity.The company held AU$13.1 million in cash with no debt.The company's shares fell 4% in recent Wednesday trade.

ASX:MPW

Asia111d ago

Binhai Investment's Gas Sales Volume Jumps 21% in Q1

Binhai Investment (HKG:2886) said piped gas sales volume rose about 21% year on year to 794 million cubic meters in the first quarter of 2026, according to a Hong Kong bourse filing on Wednesday.Pipeline gas sales increased 23% to 585 million cubic meters.Sales to industrial and commercial users rose 31% to 439 million cubic meters, while household gas sales grew 4% to 146 million cubic meters.Gas passing through rose 15% year-on-year to 209 million cubic meters.The company added about 5,000 new connected households during the quarter, bringing the total to about 2.5 million.

HKG:2886

Asia111d ago

AMA Group Posts Lower Fiscal Q3 EBITDA, Higher Revenue, Shares Up 8%

AMA Group (ASX:AMA) said unaudited normalized fiscal third-quarter pre-AASB 16 earnings before interest, taxes, depreciation, and amortization (EBITDA) fell to AU$17.9 million from AU$21.1 million in the third quarter of fiscal year 2025, according to a Wednesday Australian bourse filing.Revenue was AU$254.2 million compared to AU$249.6 million in the same period last year.The company said operating cash outflow for the fiscal Q3 was AU$400,000 after all lease costs and a AU$6.3 million income tax payment in March, compared to a AU$5.3 million inflow in the prior corresponding period, which included a significantly lower tax payment of AU$200,000.AMA Group maintained its fiscal year 2026 guidance, with normalized pre-AASB 16 EBITDA expected to be in the range of AU$70 million to AU$75 million, assuming broader geopolitical developments do not materially impact repair volumes.The company's shares rose 8% in recent Wednesday trade.

ASX:AMA

Asia111d ago

Advantest Partners With Applied Materials on Chip Development

Advantest (TYO:6857) has joined the EPIC platform of Applied Materials as an innovation partner and set up a new research center in Silicon Valley to deepen collaboration on chip development, according to a Tuesday company statement.The move is aimed at strengthening links between front-end manufacturing and back-end testing, as rising complexity in AI and high-performance computing chips drives demand for closer industry coordination.Advantest said its new Innovation Center, located on Applied Materials' campus, will support joint work on integrating manufacturing processes, inspection and final testing.The partnership is expected to help chipmakers accelerate development timelines and improve efficiency in bringing next-generation semiconductor designs to market.Advantest said closer collaboration across the supply chain will be key to addressing growing technological demands and advancing 3D packaging and other emerging technologies.

TYO:6857

Asia111d ago

ASMPT's Profit Rises Threefold as Revenue Climbs 32% in Q1

ASMPT (HKG:0522) booked HK$253.8 million in attributable profit for the first quarter of 2026, up about threefold from HK$83.6 million a year earlier, according to a Hong Kong bourse filing on Wednesday.Earnings per share at the chip gear maker came in at HK$0.78, compared with HK$0.27 in the prior year.Revenue rose 32% year on year to HK$4 billion from HK$3 billion, figures showed.The company said strong demand driven by AI technology supported growth, with bookings rising 72% year over year.The firm expects second-quarter revenue of $540 million to $600 million, up 12% quarter on quarter and 37% year on year at the mid-point of $570 million.

HKG:0522

Asia111d ago

Rivco Australia Signs Nearly AU$12 Million Water Lease Agreement With Select Harvests Unit

Rivco Australia (ASX:RIV) signed a five-year water lease agreement valued at around AU$11.7 million with Kyndalyn Park, a wholly owned subsidiary of Select Harvests (ASX:SHV), strengthening its long-term water access arrangements, according to a Wednesday filing with the Australian bourse.The agreement covers a mix of water entitlement zones and is scheduled to start on July 1, per the filing.The company expects this long-term agreement to expand its lease portfolio and strengthen its contracted revenue base, with about 82% of its portfolio by value leased from July 1, following execution of the deal, the filing added.Rivco Australia's shares gained about 2% in recent Wednesday trade, while Select Harvests' shares added 1%.

ASX:RIVASX:SHV

Asia111d ago

Japanese Stocks Open Lower as Investors Weigh Iran Risks After Ceasefire Extension

Japanese stocks edged lower at Wednesday's open as investors balanced cautious optimism with renewed anxieties about the Middle East.The Nikkei fell 245.1 points, or 0.4%, to open at 59,104.11.U.S. President Donald Trump extended the Iran ceasefire indefinitely a day before its expiration despite collapsed talks, saying the U.S. would refrain from new strikes but keep its blockade of the strategic Strait of Hormuz, various reports said.At home, Japan's trade surplus widened to nearly 667 billion yen in March from 529.8 billion yen a year earlier, driven by a jump in exports to its two largest trading partners - the U.S. and China.Meanwhile, exports to the Middle East plunged 45.9% and imports from the region fell 10.7%, as the Iran war effectively closed the Strait of Hormuz, a critical route for Japan's oil imports.

Nikkei 225

Asia111d ago

Elsight Reports Higher March Quarter Revenue

Elsight (ASX:ELS) reported March quarter revenue of $11.6 million, up from $1 million a year earlier, according to a Wednesday filing with the Australian bourse.Recurring revenue from software licenses, cloud services, and connectivity subscriptions was $1.3 million in the quarter, representing 11% of total revenue, per the filing.The company said it is seeing growing demand and traction in the US Department of War market.

ASX:ELS

Asia111d ago

South Korean Shares Open Flat Amid Uncertain US-Iran Talks, Ceasefire Extension

South Korean shares opened nearly flat on Wednesday after the US and Iran did not confirm a second round of talks anytime soon.The benchmark Korea Composite Stock Price Index, or Kospi, marginally gained to open at 6,387.57. The Kosdaq, on the other hand, shed 0.18% to begin trading at 1,176.83.US President Donald Trump announced an extension to the ceasefire until Iran came up with a unified proposal on a possible agreement.The White House on Tuesday said that US Vice President JD Vance has not yet departed for Pakistan and remains in Washington for additional policy meetings, according to Reuters.Tehran has not yet given any formal confirmation of joining negotiations with the US in Islamabad.

^KOSDAQKOSPI

Asia111d ago

Barton Gold Says Drilling at South Australian Gold Project Confirm High-Grade Mineralization

Barton Gold Holdings (ASX:BGD) said drilling at its Challenger gold project in South Australia confirm high-grade mineralization in the pit floor at the Challenger West pit, according to a Wednesday Australian bourse filing.The company encountered intercepts of 7 meters at 2 grams-per-tonne (g/t) grade of gold from surface, as well as 3 meters at 20.6 g/t grade of gold from 13 meters.The drilling validates previously modeled mineralization, with in-pit materials grading between 5 g/t to 20 g/t grade of gold at shallow depths below the pit floor, and peak assays grading up to 60 g/t grade of gold.The company's shares fell nearly 1% in recent trading on Wednesday.

ASX:BGD

Asia111d ago

Stellar Resources' Test Work on Tasmania Project Ore Shows Potential Tin Recovery Over 70%

Stellar Resources (ASX:SRZ) reported improvement in metallurgical performance on ore-sorted Queen Hill material at its Heemskirk project in Tasmania, showing a pathway to tin recovery exceeding 70%, according to a Wednesday filing with the Australian bourse.Test work supports production of a final saleable tin concentrate grading in the range of 42% to 49%, consistent with standard smelter requirements for processing, the filing said.Additionally, test work on the Severn tin deposit demonstrated "strong" metallurgical performance, showing a pathway to tin recovery of about 75% and producing concentrates grading 45% to 50%, per the filing.

ASX:SRZ

Asia111d ago

GBM Resources Says Drilling at Queensland Deposit Hits High-Grade Gold Intercepts; Shares Down 3%

GBM Resources (ASX:GBM) said the first three drill holes of the stage two drilling program at the Lone Sister deposit, within the Twin Hills gold project in Queensland, hit high-grade gold intercepts outside of the existing mineral resource estimate, according to a Wednesday Australian bourse filing.The company encountered intercepts of 22 meters at 3.7 grams per tonnes (g/t) grade of gold from 149 meters and 115 meters at 1.7 g/t grade of gold from 73 meters.Three drill rigs now operating across the Lone Sister and 309 deposits.GBM Resources' shares were 3% lower in recent Wednesday trade.

ASX:GBM

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