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OPEN Group Sets Shareholder Vote on Final Dividend for May 26

OPEN Group (TYO:6572) will seek approval for its proposed final dividend of 4.90 yen per share at the shareholders' meeting on May 26, according to a Tokyo bourse filing on Monday.The figure is lower than the 5.50 yen per share paid for the fiscal year ended Feb. 28, 2025.The total dividend amount is expected to be 273 million, with an effective date of May 27.

TYO:6572

Asia112d ago

PeptiDream Partner Begins Phase 1 Trial of TNFR1 Inhibitor AK1940

PeptiDream (TYO:4587) said its partner Asahi Kasei Therapeutics has started a Phase 1 clinical trial of AK1940, a TNFR1 inhibitor discovered using its peptide platform, according to a Monday filing on the Tokyo Stock Exchange.The candidate targets autoimmune diseases and showed efficacy in preclinical studies, the company said.PeptiDream will receive a milestone payment and is eligible for further payments and royalties tied to development and sales.

TYO:4587

Asia112d ago

Skyworth Digital's Q1 Profit Rises as Revenue Jumps 39%

Skyworth Digital (SHE:000810) booked 82.9 million yuan in attributable profit for the first quarter, rising exponentially from 5.3 million yuan a year earlier, a Monday Hong Kong bourse filing by parent Skyworth Group (HKG:0751) said.Earnings per share were 0.0724 yuan, compared with 0.0047 yuan in the prior year.Revenue rose 39% year on year to 2.49 billion yuan, figures showed.

HKG:0751SHE:000810

Asia112d ago

Qingdao Yunlu Advanced Materials Technology Chair Resigns

Qingdao Yunlu Advanced Materials Technology (SHA:688190) said founder Li Xiaoyu resigned as chair and general manager.Lei Rigan will act as chair and Zeng Yuanhua will act as general manager, according to a Monday filing with the Shanghai bourse.Shares of the advanced magnetic metal materials maker closed 2% higher Monday.

SHA:688190

Asia112d ago

Sundaram Multi Pap Installs New Automatic Notebook Manufacturing Machines; Shares Up 3%

Sundaram Multi Pap (NSE:SUNDARAM, BOM:533166) has installed and begun operations of a new fully automatic notebook manufacturing machine at its Palghar plant in India, according to a Monday filing to the Indian stock exchanges.The new machine was installed with an investment of over 30 million Indian rupees.The additional machinery will help the company to improve production capacity, improve operational efficiency, and strengthen the company's manufacturing capabilities.With the successful commissioning of this machine, the company expects a meaningful uptick in production output while lowering per-unit costs.The company's shares were up nearly 3% in recent trade.

BOM:533166NSE:SUNDARAM

Asia112d ago

Yancoal Australia's Coal Output, Sales Slide in Q1

Yancoal Australia's (HKG:3668, ASX:YAL) saleable coal production fell 5% to 9 million tons in the first quarter of 2026 from 9.5 million tons in the year-ago period, a Monday filing with the Hong Kong bourse said.Sales slipped 2% to 8.2 million tons from 8.4 million tons in the prior-year period.The average realized price of coal slid 7% year over year to AU$146 per ton from AU$157 per ton previously, according to the filing.Production during the first quarter decreased 2% to 11.3 million tons from 11.5 million tons last year.

ASX:YALHKG:3668

Asia112d ago

AIA Engineering Chairman Resigns

AIA Engineering (NSE:AIAENG, BOM:532683) Chairman Rajendra Shantilal Shah has resigned, effective April 20, according to an Indian bourse filing on Monday.Managing Director Bhadresh Kantilal Shah was appointed as the new chairman, effective April 21, the filing said.Shares of the company rose over 1% in recent trade.

BOM:532683NSE:AIAENG

Asia112d ago

Shoucheng Holdings Invests in Imaging Equipment Developer

Shoucheng Holdings (HKG:0697) said a fund managed by its wholly-owned subsidiary invested in imaging equipment developer Pellucid Optics Technology (Nantong), according to a Hong Kong bourse filing Monday.The investment will help Pellucid Optics to expand its team and advance product research and development, Shoucheng said.The firm did not disclose the financial terms of the investment.

HKG:0697

Asia112d ago

UOB Kay Hian Adjusts Reclaims Global's Price Target to SG$0.27 from SG$0.28; Keeps at Buy

SGX:NEX

Asia112d ago

Kobe Bussan's March Sales Rise 2.9%

Kobe Bussan's (TYO:3038) March net sales reached 49.1 billion yen, up 2.9% on a non-consolidated basis, according to a Monday filing on the Tokyo Stock Exchange.The supermarket operator's gross profit jumped 7.3% to 5.28 billion yen, while operating profit grew 1.9% to 2.93 billion yen.The Gyomu Super operator opened two direct-managed and five indirectly-run stores in the month, bringing its network to 1,136 locations. There were no closures.Shipments to existing stores in directly managed areas increased 1.4%, and nationwide shipments rose 1.9% from a year earlier.

TYO:3038

Asia112d ago

Hong Kong Stocks Start Week in Green; Xizhi Technology, Mabwell Launch IPOs

Hong Kong stocks finished higher Monday as investors remained cautiously optimistic over the prospect of a diplomatic breakthrough between Iran and the U.S.The Hang Seng Index rose by 200.74 points, or roughly 0.8%, to end at 26,361.07, while the Hang Seng China Enterprises Index increased by 54.04 points, or around 0.6%, to close at 8,899.06.Tensions brewed after a US Navy destroyer, USS Spruance, intercepted an Iranian-flagged cargo vessel called Touska near the Strait of Hormuz and Iran issued a warning to the US.Despite an announcement from Iran that it had again closed the strait, 20 ships had transited from the narrow passage on Saturday, Reuters reported, citing Kpler data.The ongoing conflict in the Middle East is helping Hong Kong reassert itself as a haven in global finance, thanks to its geographical location and support from China's economic strength, the South China Morning Post said in a report.According to the paper, banks had turned to the city to protect their business, while global investors had inquired about adding allocations of mainland Chinese assets to their portfolio.In corporate news, two mainland Chinese firms filed to go public in Hong Kong.Shanghai Xizhi Technology (HKG:1879) is looking to raise up to HK$2.53 billion via the sale of 13.8 million shares at a maximum price of HK$183.20 each. The optoelectronic computing company will use the proceeds to advance research and development.Meanwhile, Mabwell (Shanghai) Bioscience (HKG:2493, SHA:688062) is seeking about HK$1.45 billion via the sale of 47.1 million H-shares for up to HK$30.71 per share.Net proceeds will be used primarily to advance clinical trials of the pharmaceutical company's core product, 9MW2821, across multiple indications, including urothelial carcinoma, triple-negative breast cancer, and cervical cancer.

Hang SengHKG:1879HKG:2493SHA:688062

Asia112d ago

Hefei Chipmore Technology to Invest Up to 800 Million Yuan in Wealth Products

Hefei Chipmore Technology (SHA:688352) plans to invest up to 800 million yuan in idle funds to purchase low-risk, short-term wealth management products, including structured deposits, time deposits and certificates of deposit.The funds can be used on a rolling basis over 12 months, according to a Monday filing with the Shanghai bourse.Shares of the integrated circuit packaging and testing services provider closed 2% higher Monday.

SHA:688352

Asia112d ago

Koei Tecmo Raises Fiscal 2025 Forecasts on New Launches, Non-Operating Income Gains

Amusement and anime holding company Koei Tecmo (TYO:3635) has raised its attributable profit forecast for the fiscal year 2025 to 41.5 billion yen from 27 billion yen previously, according to a Tokyo bourse filing on Monday.Interim net income per share estimates for the year ended March were increased to 127.68 yen from 85.49 yen initially, but the net sales projection decreased to 87.5 billion yen from 92 billion yen.The upward revision was driven by new titles launched in the fourth quarter and other titles exceeding initial plans, which boosted net sales and operating profit.Additionally, significant gains in non-operating income and expenses resulting from active market management further lifted ordinary profit and profit attributable to owners of the parent.As a result, net sales, ordinary profit, and attributable profit are all expected to achieve record levels for the company.

TYO:3635

Asia112d ago

Nomura Adjusts Dayamitra Telekomunikasi's Price Target to IDR675 From IDR750, Keeps at Buy

Dayamitra Telekomunikasi (IDX:MTEL) has an average rating of overweight and mean price target of 707.50 rupiah, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

IDX:MTEL

Asia112d ago

Nomura Adjusts ICICI Bank's Price Target to INR1,620 From INR1,535, Keeps at Buy

ICICI Bank (NSE:ICICIBANK, BOM:532174) has an average rating of buy and mean price target of 1,670.80 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:532174NSE:ICICIBANK

Asia112d ago

Nomura Adjusts HDFC Asset Management's Price Target to INR3,130 From INR2,950, Keeps at Buy

HDFC Asset Management (NSE:HDFCAMC, BOM:541729) has an average rating of buy and mean price target of 3,018.52 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:541729NSE:HDFCAMC

Asia112d ago

Nomura Adjusts Shenzhen Sunway Communication's Price Target to 87 Yuan From 76 Yuan, Keeps at Buy

SHE:300136

Asia112d ago

Heightened Competition in China's On-Demand Delivery Segment Raises Risk of Lingering Price War, S&P Says

Continued elevated competition between major companies in China's on-demand delivery market raises the risk of a persistent price war amid a delay in subsidy reductions until 2028, S&P Global Ratings said in a recent release.These create adverse conditions for all players, S&P said.Major platform operators Meituan (HKG:3690), JD.com (HKG:9618), and Alibaba Group Holding (HKG:9988) have allocated significant spending to seize a share of the on-demand delivery markets, such as food and online retail, S&P senior analyst Jay Lau said.These fast-paced segments account for more than 6% of China's retail sector, S&P said.The negative impact of the price war will be greater than expected, continuing the negative trend on major players' EBITDA since 2025, Lau said.

Shanghai Composite^SZSEHKG:3690HKG:9618HKG:9988

Asia112d ago

BELLSYSTEM24 Maintains Year-End Dividend Payout

BELLSYSTEM24(TYO:6183) declared a year-end dividend per share of 30 yen, matching both the most recent forecast and the actual dividend from the prior fiscal year.The management consulting firm resolved at a board meeting on April 20 to pay out a total of approximately 2.24 billion yen in dividends, effective May 28, according to a Tokyo bourse filing on Monday.The dividend proposal will be submitted for approval at the 12th general meeting of shareholders on May 27.

TYO:6183

Asia112d ago

Multi Commodity Exchange of India Gets SEBI Nod to Invest in Coal Exchange Venture

MULTI COMMODITY EXCHANGE OF INDIA (BOM:534091) said it has received approval from the Securities and Exchange Board of India (SEBI) to invest in a proposed coal exchange company, according to a Monday filing on BSE.The company plans to incorporate a wholly owned subsidiary for the venture with an initial investment of up to 1 billion Indian rupees, the filing said. The proposed entity will develop a platform for coal trading and price discovery, it added.

BOM:534091

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Asia112d ago

Hong Kong Stocks Start Week in Green; Xizhi Technology, Mabwell Launch IPOs

Hang SengHKG:1879HKG:2493SHA:688062