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Ibiden Weighs Further Steps After 2-for-1 Share Split

Ibiden (TYO:4062) said it will continue to review measures to improve share liquidity and broaden its investor base after completing a 2-for-1 stock split effective Jan. 1, according to a Tuesday filing on the Tokyo Stock Exchange.The company said reducing investment units can help attract more investors, adding it will assess further steps based on share price levels, liquidity, shareholder mix and cost considerations.

CK San-Etsu Unit to Absorb Subsidiary in Efficiency Drive

CK San-Etsu (TYO:5757) said its unit MITANI SHINDO will absorb wholly owned subsidiary SHIN KITAMI to streamline operations and improve efficiency, according to a Tuesday filing on the Tokyo Stock Exchange.The merger, scheduled to take effect Aug. 1, will consolidate overlapping operations at the two companies, which share the same location and workforce.No shares or consideration will be issued as part of the transaction, and there will be no changes to the surviving entity's structure.

StanChart Buys Back Shares

Standard Chartered (HKG:2888) bought back 805,000 shares on April 20 at an average price of 18.06 pounds sterling apiece, according to a Tuesday Hong Kong bourse filing.The British lender plans to cancel the shares, following which it will have about 2.22 billion shares in issue.

Sony, Honda Scale Back Mobility Venture After EV Plan Halt

Sony Group (TYO:6758) and Honda Motor (TYO:7267) said their joint venture Sony Honda Mobility will scale down operations after scrapping planned electric vehicle launches, according to a Tuesday filing on the Tokyo Stock Exchange.The decision follows the cancellation of the Afeela models, with the companies concluding it would be difficult to deliver products aligned with the venture's goals in the near to medium term under the current setup.Operations will be reduced for now, with employees expected to be reassigned to the parent companies or related entities.The companies said they will continue exploring future collaboration, focusing on software-driven mobility and advanced driver assistance technologies.

TYO:6758TYO:7267

Prudential Buys Back Shares

Prudential (SGX:K6S, HKG:2378) bought back 429,985 shares in London on April 20 at an average price of about 11.15 pounds sterling apiece, according to a Tuesday 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

Hong Kong Stocks End Higher Amid Middle East Developments; Victory Giant Technology Shines in Debut

Hong Kong stocks closed marginally higher Tuesday as investors tracked the latest developments in the Middle East, including reports Iran was considering attending a second round of peace talks in Islamabad.The Hang Seng Index rose by around 126.41 points, or roughly 0.5%, to end at 26,487.48, while the Hang Seng China Enterprises Index increased by 44.48 points, or around 0.5%, to close at 8,943.54.Rhetoric between Iran and the U.S. intensified as a two-week ceasefire between the sides neared its end, with uncertainty over whether the countries will attend a second round of peace talks in Pakistan.A senior Iranian official told Reuters the country may send a delegation to attend the talks, while analysts from Westpac noted that the potential talks in Islamabad remain likely, Reuters reported.Meanwhile, Hong Kong's Securities and Futures Commission rolled out a new regulatory framework to enable secondary trading of tokenized investment products.The initiative will initially allow trading of tokenized SFC-authorized open-ended funds on licensed virtual asset trading platforms, with the regulator also open to considering over-the-counter arrangements on a case-by-case basis.In corporate news, Victory Giant Technology (HKG:2476; SHE:300476) shined in its Hong Kong debut after shares closed at HK$315 per share, 50% above their offer price of HK$209.88.Elsewhere, Sunmi Technology (HKG:6810) launched its Hong Kong initial public offering to raise about HK$1.06 billion.The Chinese IoT services provider is offering 42.6 million H-shares at HK$24.86 apiece to raise funds for research and development and strengthen supply chain and manufacturing capabilities.

Hang SengHKG:2476HKG:6810SHE:300476

SPIC Green Energy's Q1 Profit Slides 56%

SPIC Green Energy's (SHE:000875) attributable profit fell 56% to 274.2 million yuan in the first quarter from 623.2 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.Earnings per share at the power generation company decreased to 0.08 yuan from 0.17 yuan in the prior-year period.Operating income slipped 6.5% year over year to 3.52 billion yuan from 3.76 billion yuan.

Guoyuan Securities Q1 Profit Down 15%, Revenue Slips 13%

Guoyuan Securities (SHE:000728) posted first-quarter attributable net profit of 542.0 million yuan, down 15% from 640.5 million yuan the previous year.Earnings per share declined to 0.12 yuan from 0.15 yuan, according to a Tuesday filing with the Shenzhen bourse.Operating revenue declined 13% year over year to 1.33 billion yuan from 1.52 billion yuan.Shares of the securities brokerage were down 6% Tuesday.

Faalcon Concepts Bags INR4 Million Order; Shares Down 3%

Faalcon Concepts (BOM:544164) has secured a new order worth 4.2 million Indian rupees from Tushti Homes, according to a BSE filing on Tuesday.The contract is for the supply of glass, glazing, and windows for Tushti Homes' project named "The Belaire" in Gurugram, India.The project is expected to be completed in two months.The company's shares were down nearly 3% in recent trade.

Kospi Hits All-Time High on Diplomatic Hopes Resurgence

South Korea's primary stock market index Kospi closed at a new high on Tuesday as investors were hopeful about the possibility of a second round of negotiations between the US and Iran to end the conflict in the Middle East.The Korea Composite Stock Price Index or Kospi rose 169.38 points, or 2.7%, to end at 6,388.47. The Kosdaq also increased by 4.18 points, or 0.4%, to close at 1,179.03.The Bank of Korea appointed Hyun Song Shin as its new governor on Tuesday, who took over the top financial role from Rhee Chang-yong, according to a Bank of Korea press release.Hyun will lead the central bank's monetary policy and board over the next four years. He will chair his first policy meeting on May 28.In corporate news, SGC Energy (KRX:005090) posted first-quarter net income attributable to shareholders of 4.5 billion won, reversing the attributable net loss of 2.8 billion won a year earlier, according to a Tuesday filing with the Korea Exchange.Sales of the South Korean energy generation company were down 1% year over year to 612 billion won from 618.5 billion won.Shares of SGC Energy rose nearly 4% at market close.In other news, GMB Korea (KRX:013870) signed a contract to supply electric water pumps to Hyundai Motor (KRX:005380) and Kia (KRX:000270), according to a Tuesday filing with the Korea Exchange.The contract, valued at 128.9 billion won, is valid till Dec. 31, 2034.Shares of the motor vehicle parts and accessories company rose 2% at market close, while those of Hyundai Motor added nearly 4% and Kia gained nearly 2%.

^KOSDAQKOSPIKRX:000270KRX:005090KRX:005380KRX:013870

Market Chatter: Panasonic Develops Automated iPS Cell System Aiming to Slash Treatment Costs to Under 1 Million Yen

Panasonic (TYO:6752) aims to bring the cost of producing induced pluripotent stem (iPS) cells below 1 million yen per patient using an automated culturing system it has developed, Nikkei Asia reported Tuesday, citing company official Yoshihiro Owaki.The compact device, measuring 75 cm high, 70 cm wide, and 45 cm long, was unveiled at Osaka's CiRA Foundation research center on Monday, the publication said.Currently, producing iPS cells costs approximately 50 million yen per patient, but Panasonic aims to bring that figure below 1 million yen, with field tests targeted for completion by March 2027 and commercialization planned for fiscal 2028, the news daily said.Owaki added that the company sees iPS cell technology as a future growth area and intends to develop fully automated culture systems for other therapeutic cells, including immune cells, the report said.Stem cells have the ability to grow into various tissues for medical use, with iPS cells specifically created by introducing genes into harvested adult cells to revert them to an embryonic-like state, it added.(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.)

Fitch Revises Philippines' Outlook to Negative on Uncertain Medium-Term Growth Prospects

Fitch Ratings has changed the outlook on the Philippines' long-term foreign currency issuer default rating to negative from stable while maintaining the rating at BBB, according to a recent release.The outlook revision stems from heightened risks to the country's solid medium-term growth trajectory, including disruptions to public investment and greater exposure to the global energy shock, Fitch said.The country's growth performance could weaken compared to peers, given more elevated post-pandemic government debt and a gradual erosion in its external finance position, according to Fitch.The rating agency estimates GDP growth to remain below recent rates at 4.6% this year, given a gradual recovery in public capex and increased energy costs that impact household consumption.The country has high exposure to the Middle East conflict due to its dependence on energy imports and a likely tempering of remittances from the region, Fitch said.The affirmation considers Fitch's view of a robust medium-term GDP growth despite increasing risks, leading to a gradual reduction in government debt.Material changes in the confidence level for a strong, medium-term economic growth and adherence to sound economic policies, government debt-to-GDP ratio, governance standards, or external position could lead to future rating actions.

Guoyuan Securities 2025 Profit Up 8%, Shares Slide 6%

Guoyuan Securities (SHE:000728) posted 2025 attributable net profit of 2.43 billion yuan, up 8.1% from 2.24 billion yuan the previous year.Earnings per share rose to 0.56 yuan from 0.51 yuan, according to a Tuesday filing with the Shenzhen bourse.Operating revenue climbed 6.8% year over year to 6.25 billion yuan from 5.85 billion yuan.Shares of the securities brokerage were down 6% Tuesday.

Umiya Mobile Plans to Open 37 New Retail Stores in India

Multi-brand gadget retailer Umiya Mobile (BOM:544464) plans to open 37 new retail stores across various states in India in the near future, according to a BSE filing on Tuesday.The company plans to open 15 new stores in the state of Madhya Pradesh, 10 new stores in Maharashtra, and 12 in Gujarat.

UCloud Technology Returns to Profitability in Q1

UCloud Technology (SHA:688158) returned to an attributable profit of 2.7 million yuan in the first quarter from an attributable loss of 44.7 million yuan in the year-ago period, according to a Tuesday filing with the Shanghai bourse.The cloud computing technology platform developer logged earnings per share of 0.01 yuan compared with a loss per share of 0.10 yuan in the prior-year period.Operating income grew 17% year over year to 438.7 million yuan from 375.7 million yuan.

Guangdong Jiayuan Technology Returns to Profit in 2025

Guangdong Jiayuan Technology (SHA:688388) posted an attributable profit of 57 million yuan in 2025, rebounding from an attributable loss of 283.8 million yuan in 2024, according to a Tuesday filing with the Shanghai bourse.The electrolytic copper foil manufacturer logged earnings per share of 0.13 yuan, compared with a loss per share of 0.56 yuan in the previous year.Operating income grew 48% year over year to 9.64 billion yuan from 6.52 billion yuan.

Market Chatter: Thai Shipping Firms Summoned Amid Missing Oil Probe

Thai authorities have summoned eight shipping companies as witnesses in an investigation into missing oil shipments at sea, The Bangkok Times reported Tuesday, citing Thailand's Department of Special Investigation (DSI).The probe covers discrepancies in 20 oil cargos transported from refineries in eastern Thailand to Surat Thani, where up to 60 million liters are allegedly missing, the report said.Officials are reviewing shipping records and transport documentation to determine the cause of the irregularities. The companies have cooperated so far as investigators assess whether to upgrade the case into a formal special investigation. A separate probe is already underway into suspected oil stockpiling at a Surat Thani depot, 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.)

Indosolar Posts Higher Net Profit in Fiscal Q4; Shares Plummet 5%

Indosolar (NSE:INDOSOLAR, BOM:533257) booked a net profit of 420.0 million Indian rupees in the fiscal fourth quarter, up from 400.4 million rupees a year ago, according to a filing with the Indian exchanges on Monday.Shares of the company plunged 5% in Tuesday's trade.Earnings per share for the quarter ended March 31 climbed to 10.09 rupees from 9.63 rupees a year earlier.Revenue from operations of the solar module manufacturer slipped year on year to 831.0 million rupees from 1.92 billion rupees, according to the filing.

BOM:533257NSE:INDOSOLAR

Poonawalla Fincorp Gets Board Nod to Issue Up To INR2.5 Billion Through Debenture Allotment

Poonawalla Fincorp (NSE:POONAWALLA, BOM:524000) has received board approval to raise up to 2.50 billion Indian rupees through the issue of non-convertible debentures on a private placement basis, according to a filing to the Indian stock exchanges on Tuesday.The company plans to issue 25,000 unsecured, redeemable, rated, listed, subordinated non-convertible debentures, constituting capital of face value of 100,000 rupees each. It will have a base issue of 1.50 billion rupees and a green shoe option to retain oversubscription up to 1 billion rupees.The debentures are proposed to be listed on the BSE.The company's shares were up over 1% in recent trade.

BOM:524000NSE:POONAWALLA

Berun Chemical Q1 Profit Up 24%, Revenue Slips 5%

Inner Mongolia Berun Chemical (SHE:000683) posted first-quarter attributable net profit of 420.1 million yuan, up 24% from 339.2 million yuan the previous year.Earnings per share rose to 0.11 yuan from 0.09 yuan, according to a Tuesday filing with the Shenzhen bourse.Operating revenue declined 5.3% year over year to 2.72 billion yuan from 2.87 billion yuan.Shares of the alkali chemical manufacturer were up 8% Tuesday.