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Stella International's Revenue Rises 2% in Q1

Stella International (HKG:1836) posted a 1.9% increase in revenue to $337.4 million in the first quarter of 2026 from $331 million a year earlier, according to a Thursday Hong Kong bourse filing.Revenue from the manufacturing business segment rose 2.2% to $327.4 million, while shipment volume fell 1.7% to 11.9 million pairs. Average selling price increased 3.8% to $27.4 per pair, the filing said.The footwear company said lower shipment volumes reflected fewer working days due to earlier Ramadan timing in Indonesia and Bangladesh.

HKG:1836

Asia116d ago

HDFC Asset Management's Consolidated Profit Declines in Fiscal Q4

HDFC Asset Management Company's (NSE:HDFCAMC, BOM:541729) consolidated attributable profit declined to 6.23 billion Indian rupees in the fiscal fourth quarter ended March 31, from 6.38 billion rupees a year ago.Earnings per share contracted to 14.48 rupees from 14.89 rupees a year earlier, the asset management company said in a filing to the Indian stock exchanges on Thursday.Revenue from operations in fiscal Q4 rose to 10.5 billion rupees from 9.01 billion rupees a year ago.The company's board recommended a final dividend of 54 rupees per equity share of 5 rupees each of the company, for the financial year ended March 31.The company's shares were down over 1% in recent trade.

BOM:541729NSE:HDFCAMC

Asia116d ago

Hong Kong Stocks Gain as Easing Geopolitical Tensions, Strong China Data Lifts Sentiment; Sigenergy Technology Shines on Debut

Hong Kong equities advanced on Thursday as improving sentiment around a potential de-escalation in the Middle East and stronger-than-expected first-quarter economic data from China supported the market.The Hang Seng Index gained 446.94 points, or 1.7%, to close at 26,394.26, while the Hang Seng China Enterprises Index added 186.85 points, or 2.1%, to 8,905.11.Optimism grew that the Middle East conflict may be nearing a turning point, as Pakistani mediation and signals from the Trump administration pointed to progress toward a deal that could reopen the Strait of Hormuz.China's economy expanded 5% year-on-year in the first quarter, beating market expectations, official data showed.Meanwhile, the country's crude oil throughput fell 2.2% year-on-year in March as the Iran conflict curbed refinery activity, while domestic crude output reached a record high.In corporate news, Sigenergy Technology (HKG:6656) made its debut in Hong Kong, closing over 103% higher at HK$659.50, compared with the offer price of HK$324.20.Lens Technology (HKG:6613, SHE:300433) slipped nearly 13% after booking a loss in the first quarter of 2026.

Hang SengHKG:6613HKG:6656SHE:300433

Asia116d ago

Barak Valley Cements Converts Outstanding Loan in Subsidiary into Equity; Shares Up 3%

Barak Valley Cements (NSE:BVCL, BOM:532916) has acquired 706,500 equity shares of its wholly owned subsidiary, Meghalaya Minerals and Mines, through conversion of an outstanding loan into equity, according to a Wednesday filing on Indian bourses.Shares of the company rose nearly 3% in Thursday's trade.The loan of about 40.9 million rupees was converted into shares at 58 rupees per share, including a premium of 48 rupees per share, the filing said. The conversion was carried out on March 31, it said.

BOM:532916NSE:BVCL

Asia116d ago

Vega Jewellers Opens New Store in Andhra Pradesh, India

Vega Jewellers (BOM:512026) opened a new store at Guntur in Andhra Pradesh, India, on Thursday, according to a same-day filing to the BSE.With this, the company's total number of stores has increased to six.

BOM:512026

Asia116d ago

StanChart Buys Back Shares

Standard Chartered (HKG:2888) bought back 835,000 shares on Wednesday at an average price of 17.77 pounds sterling apiece, according to a Thursday Hong Kong bourse filing.The British lender plans to cancel the shares, following which it will have about 2.23 billion shares in issue.

HKG:2888

Asia116d ago

Prudential Buys Back Shares

Prudential (HKG:2378, SGX:K6S) bought back 254,593 shares in London on Wednesday at an average price of about 11.17 pounds sterling apiece, according to a Thursday 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

Asia116d ago

Market Chatter: China Weighs Solar Technology Export Curbs to U.S.

Sources said China is in early talks to restrict exports of advanced solar manufacturing equipment to the U.S., Reuters reported Wednesday.The move could threaten U.S. firms like Tesla, which plans to build solar factories using Chinese gear, according to the report. China controls over 80% of global solar component supply and top equipment makers.The crackdown would widen technology export curbs amid escalating U.S.-China rivalry, including a space-based solar race involving Elon Musk, Reuters wrote.No rules are final yet, with the talks yet to advance to the stage of canvassing formal feedback, 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.)

Shanghai Composite^SZSE

Asia116d ago

Mitsui Fudosan Accommodations Fund's Six-Month Net Income Rises 8.6%

Mitsui Fudosan Accommodations Fund's (TYO:3226) net income rose 8.6% to 6.35 billion yen for the six months ended Feb. 28 from 5.85 billion yen the previous half-year period.The REIT's net income per unit increased to 2,523 yen from 2,324 yen in the previous six-month period, according to a Tokyo bourse filing on Thursday.Total revenues climbed 4% to 13.7 billion yen from 13.2 billion yen in the prior half-year period.It declared a final distribution of 2,405 yen per unit, payable from May 15.For the fiscal period ending Aug. 31, the REIT expects net income of 6.7 billion yen and total revenues of 14.6 billion yen.For the following six-month period ended Feb. 28, 2027, the REIT expects net income of 6 billion yen and total revenues of 13.8 billion yen.Mitsui Fudosan plans to pay a distribution of 2,397 yen per unit for the August 2026 period and 2,384 yen per unit for the February 2027 period.

TYO:3226

Asia116d ago

LT Foods Appoints Chief Marketing Officer - India & Far East

Fast-moving consumer goods company LT Foods (NSE:LTFOODS, BOM:532783) has appointed Ritesh Sud as chief marketing officer of India and the Far East, according to a Thursday filing to the Indian stock exchanges.In his previous employment, he served as Vice President (Marketing) - National Brands, Packaged Beverages with Tata Consumer Products (NSE:TATACONSUM, BOM:500800).The company's shares were up nearly 1% in recent trade.

BOM:500800BOM:532783NSE:LTFOODSNSE:TATACONSUM

Asia116d ago

JK Tyre & Industries to Acquire 26% Stake in Roofsol Renewables Five

JK Tyre & Industries (NSE:JKTYRE, BOM:530007) said its board has approved an investment of up to 13.1 million Indian rupees to acquire a 26% stake in Roofsol Renewables Five, according to a Wednesday filing on Indian bourses.Shares of the company fell over 1% in Thursday's trade.The investment is aimed at meeting regulatory requirements for captive power consumption under electricity laws, the company said in the filing. JK Tyre & Industries said it will maintain the stake during the term of relevant agreements.The transaction is expected to be completed within 180 days, it added.

BOM:530007NSE:JKTYRE

Asia116d ago

Market Chatter: Thailand Warns of Severe Economic Downside Amid US-Iran Conflict

Thailand's economy is facing a sharper-than-expected slowdown this year due to the Iran conflict, with "almost no limits" to worst-case scenarios if the war drags on, Thai Assistant Governor Chayawadee Chai-anant told Reuters on Thursday.She said growth in the export- and tourism-dependent economy is weakening due to higher energy costs and declining visitor arrivals. Tourism from Gulf countries has yet to recover after disruptions earlier in the year, while rising fuel costs have also dampened arrivals from Malaysia, according to the report.The central bank lowered its GDP growth projection for 2026 to 1.3%, assuming the war ends in the second half of the year, down from its December 2025 projection of 1.9%. In the same scenario, inflation is expected to reach 3.5%, the news agency 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.)

^SET

Asia116d ago

GAIL (India) to Set Up 600MW Solar Power Project in Uttar Pradesh, India

State-owned GAIL (India) (NSE:GAIL, BOM:532155) signed contracts with TUSCO for setting up a 600MW solar power project at the latter's solar park located at Jhansi in Uttar Pradesh, India, according to a Thursday filing to the Indian stock exchanges.The solar power project will be set up along with a 550 MWh battery energy storage system to mainly cater to the company's captive energy requirements of GAIL's Petrochemical Plant at Pata in Uttar Pradesh.The project will also help in meeting the additional demand arising from the electrification of gas-based equipment and compressed biogas plants that are being set up in Uttar Pradesh.The company's shares were up nearly 1% in recent trade.

BOM:532155NSE:GAIL

Asia116d ago

Glass Lewis Controversy Alert: Cal-Comp Electronics (Thailand)

Glass Lewis issued a controversy alert for Cal-Comp Electronics (Thailand) (BKK:CCET) shareholders ahead of the company's annual general meeting on April 29, according to a recent release.The alert relates to alleged labor rights violations and unfair dismissal of migrant workers.The company reportedly let go of more than 1,400 migrant workers, most from Myanmar, with no prior notice.The company allegedly confined the workers and intimidated them into signing termination documents.The allegations raise reputational and supply chain risks, especially since the company is a major supplier in the global electronics industry.Parent Kinpo Group said the allegations are false and the terminations were compliant with Thai labor laws and had government oversight.The alert's rationale relates to relevant media coverage and potential material ESG risk and falls under human capital management and supply chain.

BKK:CCET

Asia116d ago

Market Chatter: Malaysia Assures Citizens of Fuel Supply Until June End

Malaysia's state energy firm Petronas said fuel supply at all its stations is secured through the end of June, even as it continues to manage its supply chain amid global energy market disruptions due to the Iran-US war, Reuters reported Wednesday.The oil and gas company said it is actively working to ensure adequate stock levels across its network, with its retail arm Petronas Dagangan supplying around half of Malaysia's fuel requirements, reportedly.In response to supply pressures, Malaysia has also pledged to expand biodiesel usage as part of broader efforts to cushion its economy from the impact of ongoing geopolitical tensions in the region, the news agency 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

Asia116d ago

Signature Global Collaborates with Italy's Tonino Lamborghini to Develop New Real Estate Project

Real estate developer Signature Global (NSE:SIGNATURE, BOM:543990) has collaborated with Italian lifestyle brand Tonino Lamborghini to develop a premium residential project in Gurugram, India, according to a Thursday filing to the Indian stock exchanges.The project will be named "Tonino Lamborghini Residences Gurugram" and will be spread across around 12.40 acres and will have 812 premium residences.

BOM:543990NSE:SIGNATURE

Asia116d ago

Market Chatter: Malaysia to Prioritize Australia for Surplus Petronas Fuel Amid US-Iran War

Malaysia will prioritize supplying Australia with surplus fuel from state energy firm Petronas as part of efforts to strengthen energy security amid disruptions linked to the Middle East war, Reuters reported Thursday, citing Prime Minister Anwar Ibrahim.Anwar said the arrangement followed discussions with Australian Prime Minister Anthony Albanese, adding that while domestic demand remains the priority, both sides are pursuing "friend-to-friend" negotiations to balance trade in energy and agricultural goods, reportedly.He also noted that Malaysia is seeking mineral phosphate imports from Australia in exchange for urea exports, 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

Asia116d ago

Chinese Stocks Make Gains Over Better-Than-Expected First-Quarter Economic Growth

Chinese equities rallied as sentiment was uplifted over its first-quarter gross domestic product, which performed better than expected, along with other economic data that showed positive outcomes during the period.The Shanghai Composite Index, the main gauge of Chinese stocks, added 0.7%, or 28.34 points, to close Thursday's trade at 4,055.55. The Shenzhen Component Index jumped 2.1%, or 297.88 points, to 14,796.34.China's GDP in the first quarter rose 5%, landing within the year's target range of between 4.5% and 5%, data from the National Bureau of Statistics showed.The industrial output and retail sales also performed well in March, climbing 5.7% and 1.7%, respectively. However, retail sales missed market expectations of a 2.4% growth.Meanwhile, prices of new residential properties in China's top-tier cities in March rose 0.2% month on month.Wuhu Atech Automotive (SHA:603293) surged 112% at the close of its trading debut on the Shanghai Stock Exchange. Shares closed at 71.02 yuan apiece, more than double than the initial public offering price of 33.49 yuan per share.In corporate news, JHT Design (SHA:603061) soared 7% after its first-quarter attributable profit surged 222% year on year to 82.5 million yuan.BlueFocus Intelligent Communications Group (SHE:300058) jumped 4.7% after returning to profit in 2025, posting an attributable profit of 224.7 million yuan, or 0.063 yuan per share.

Shanghai Composite^SZSESHA:603061SHA:603293SHE:300058

Asia116d ago

Fino Payments Bank Migrates Core Banking System to Finacle

Fino Payments Bank (NSE:FINOPB, BOM:543386) said it has migrated its core banking system to the Finacle banking solution, according to an Indian bourse filing on Wednesday.Shares of the company rose over 1% in Thursday's trade.The transition was carried out in phases and led to a temporary moderation in business volumes during the fiscal fourth quarter ended March 31 to ensure system stability and data integrity, the company said in the filing.The new platform is expected to support the bank's next growth phase, including its planned transition to a small finance bank, the filing said.

BOM:543386NSE:FINOPB

Asia116d ago

Market Chatter: Taiwanese Ministry Warns Oil Prices Unlikely to Return to Pre-War Levels Soon

The oil prices in Taiwan are not expected to drop back to pre-conflict levels even if tensions in the Middle East ease in the near term, Taiwan News reported Wednesday, citing the country's Ministry of Economic Affairs.Deputy Economic Affairs Minister Ho Chin-tsang said crude prices will continue to be driven by geopolitical developments and the government will keep monitoring global market conditions. His remarks came as signals of potential renewed talks with Iran from US President Donald Trump raised hopes of some stabilization in oil markets after weeks of volatility.National Development Council Minister Yeh Chun-hsien noted that some US think tanks expect the conflict to last four to eight weeks, while recent trends in oil and gas prices indicate initial signs of slowing down, 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.)

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