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Toho's Full-Year Profit Climbs 19%

Toho's (TYO:9602) profit attributable to owners climbed 19% to 51.8 billion yen for the fiscal year ended Feb. 28 from 43.4 billion yen a year earlier.The entertainment company's basic earnings per share increased to 61.20 yen from 50.95 yen a year ago, according to a Tokyo bourse filing on Tuesday.Operating revenue jumped 15% to 360.7 billion yen from 313.2 billion yen in the prior year.In a separate filing, Toho raised its final dividend to 67.50 yen per share, payable from May 29, citing stronger-than-expected fourth-quarter performance.For the fiscal year ending Feb. 28, 2027, the company expects attributable profit of 41 billion yen, basic EPS of 48.85 yen, and operating revenue of 345 billion yen.

TYO:9602

Asia117d ago

Prudential Buys Back Shares

Prudential (HKG:2378, SGX:K6S) bought back 256,174 shares in London on Monday at an average price of about 11.06 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

Asia117d ago

CapitalOnline Appoints CFO

CapitalOnline Data Service (SHE:300846) appointed Li Yidan chief financial officer, according to a Shenzhen bourse filing on Tuesday.Li, who served as the general manager of the company's financial management center, will take over from Zhang Lisha, who resigned due to personal reasons.The internet data company's shares rose less than 2% at the close.

SHE:300846

Asia117d ago

Crosstec Bondholder Converts Nearly HK$7 Million Debt Into Equity

Crosstec (HKG:3893) said a bondholder exercised its right to convert part of its convertible bonds into equity, according to a Tuesday Hong Kong bourse filing.The company received a conversion notice from MK Investment to convert HK$6.6 million in bonds into 60 million shares at HK$0.11 each.The shares represent about 11% of the company's issued share capital before the issue and about 9.9% as enlarged by the issue.Following the conversion, major shareholder MK Investment increased its stake to about 28.8% from 20.98%.

HKG:3893

Asia117d ago

Jefferies Adjusts Sansan's Price Target to 1,900 Yen from 2,400 Yen, Keeps at Buy

Sansan (TYO:4443) has an average rating of overweight and mean price target of 2,072.22 yen, 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)

TYO:4443

Asia117d ago

Beijing New Building Materials Issues 1 Billion Yuan in Ultra-Short-Term Bonds

Beijing New Building Materials (SHE:000786) issued ultra-short-term bonds worth 1 billion yuan, the company's first tranche of such bonds for the year, according to a Shenzhen bourse filing on Tuesday.The bonds will have an interest rate of 1.42% and a term of 270 days, maturing on Jan. 5, 2027.Bank of Hangzhou (SHA:600926) is the lead underwriter of the issuance.

SHA:600926SHE:000786

Asia117d ago

Market Chatter: Indonesian Airlines to Raise Fares By Up to 13% as Fuel Prices Soar

Indonesia's local airlines have welcomed the government's decision to allow airfares to rise by between 9% and 13% as surging jet fuel prices, driven by the Middle East conflict, continue to increase operating costs, The Jakarta Post reported Tuesday.Garuda Indonesia (IDX:GIAA) said it will adjust ticket prices in line with the new transport regulation, describing the move as necessary to balance airline financial stability with public access to air travel, reportedly.However, industry experts warned that higher fares could weigh on passenger demand, even as the government has set aside 2.6 trillion Indonesian rupiah to fund a VAT waiver on tickets and keep fare increases within the aforementioned range, 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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Asia117d ago

Hailiang to Build Saudi Arabian Copper Plant for $566 Million

Zhejiang Hailiang (SHE:002203) plans to partner with Rawas National Investment Holding to construct a high-end intelligent copper product manufacturing and processing plant in Saudi Arabia for $566 million, according to a Shenzhen bourse filing on Tuesday.The plant will manufacture 150,000 tons of copper products every year, including copper tubes, copper bars, copper foil and recycled refined copper products.The Chinese copper product manufacturer's shares rose over 2% at the close.

SHE:002203

Asia117d ago

Sovereign Rating Risks Grow for Southeast Asia Amid Middle East Conflict, S&P Says

Southeast Asia's sovereign ratings face risks from the Middle East conflict, with persistent energy disruption to weigh on their fiscal and external metrics, S&P Global Ratings said in a Tuesday release.Economies reliant on imported energy could see strains in their robust growth outlook under severe long-term effects of the war, limiting economic support for ratings in South and Southeast Asia, credit analyst Rain Yin said.Damage to the energy infrastructure in the Middle East will prolong the normalization of oil and gas production levels even with the reopening of the Strait of Hormuz, S&P said.Southeast Asian sovereigns with weaker rating buffers could see their credit quality drop under persistent energy market disruption, with government subsidies for consumers and businesses possibly increasing, Yin said.The depth of the damage to sovereigns' fiscal positions will depend on the ability of governments to reduce expenses or delay spending plans, S&P said.

^HNX^HOSE^JKSEFTSE Bursa Malaysia KLCI^PSEI^SET^STI^YSX

Asia117d ago

Hong Kong Stocks Rebound on Shifting US-Iran Diplomatic Hopes; Wai Chun Surges 341%

Hong Kong stocks rebounded Tuesday as investors bet on easing Middle East tensions amid signs of continued engagement, despite the U.S. move to block Iranian ports after weekend talks collapsed.The Hang Seng Index gained 211.47 points, or 0.8%, to close at 25,872.32, while the Hang Seng China Enterprises Index added 69.55 points, or 0.8%, to 8,671.61.After talks in Islamabad broke down over the weekend, a U.S. official said engagement was continuing and progress toward an agreement was still being made, Reuters reported.Pakistani Prime Minister Shehbaz Sharif also said efforts to resolve the conflict were ongoing.Meanwhile, U.S. President Donald Trump said Monday that Iran had made contact and was seeking a deal, but ruled out any agreement that would allow Tehran to possess nuclear weapons.Signs of diplomatic engagement eased pressure in energy markets, with oil prices slipping in Asian trade.In corporate news, Wai Chun (HKG:1013) advanced nearly 341% after entering into a cooperation agreement with Xavvi U.S. to establish a platform company targeting the global creator economy.Voyah Automotive Technology (HKG:7489) closed 8% higher after saying its controlling shareholder, Dongfeng Motor Group, plans to increase its stake in the business.

Hang SengHKG:1013HKG:7489

Asia117d ago

Techwing Wins KRW22.9 Billion Chip Inspection Equipment Supply Contract from Micron Memory Malaysia

Techwing (KOSDAQ:089030) secured a chip inspection equipment supply contract from Micron Memory Malaysia, according to a Tuesday filing with the Korea Exchange.The contract, valued at 22.9 billion won, is valid till Oct. 2.Shares of Techwing rose more than 2% at market close.

KOSDAQ:089030

Asia117d ago

StanChart Buys Back Shares

Standard Chartered (HKG:2888) bought back 859,400 shares on Monday at an average price of 17.03 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 2.23 billion shares in issue.

HKG:2888

Asia117d ago

YUTO Packaging Tech Partners With Jiangxi Special Electric Motor for Carbon Fiber Development

Shenzhen YUTO Packaging Technology (SHE:002831) signed a cooperation framework agreement with Jiangxi Special Electric Motor (SHE:002176) for the development of carbon fiber and packaging, according to a Shenzhen bourse filing on Tuesday.The Chinese packaging products manufacturer will supply woven bags, heavy-duty packaging, paper packaging, and logistics services, as well as carbon fiber for motors and robotics to Jiangxi Special.The specialty motors and battery materials maker will also supply motors to YUTO.The deal is valid for three years and can be renewed.YUTO's shares slipped over 1% at the close, while those of Jiangxi Special jumped 3%.

SHE:002176SHE:002831

Asia117d ago

Jefferies Adjusts Eisai's Price Target to 5,000 Yen from 4,600 Yen, Keeps at Hold

Eisai (TYO:4523) has an average rating of hold and mean price target of 5,052.86 yen, 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)

TYO:4523

Asia117d ago

Market Chatter: Indonesia Speeds Up De-Dollarization as Local Currency Use Increases 163%

Indonesia is stepping up efforts to reduce reliance on the US dollar, with local currency transactions (LCT) jumping 163% year on year to $8.45 billion in January-February 2026, Jakarta Globe reported Monday.The number of users has also expanded significantly, with 14,621 participants recorded in February and a monthly average of over 16,000 users, far exceeding the 2025 average of 9,720. Ferry Irawan, a senior official at the Coordinating Ministry for Economic Affairs, said the framework is now widely used across multiple sectors, including manufacturing, energy, transportation, trade and services, according to the report.Indonesia has LCT arrangements with Malaysia, Thailand, Japan, China, South Korea and the United Arab Emirates, 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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Asia117d ago

Huaxiang Electronic Ties Up With Anzhi Automotive to Set Up Joint Venture

Ningbo Huaxiang Electronic (SHE:002048), through subsidiary Ningbo Huaxiang New Three-Electric Technology, agreed to establish a joint venture with Zhejiang Anzhi Automotive Technology, according to a Shenzhen bourse filing on Tuesday.The venture, Huaxiang Anzhi Intelligent Suspension System (Shanghai), will have a registered capital of 20 million yuan. It will manufacture intelligent suspension systems and key components.The nonmetallic automobile parts maker will own 60% of the venture, while Anzhi Automotive will hold the remaining 40% after investing 12 million yuan and 8 million yuan, respectively.

SHE:002048

Asia117d ago

Taiwan's Semiconductor Production Equipment Imports Rise 26% in March, Jefferies Says

Taiwan's semiconductor production equipment (SPE) imports grew 26% year over year to $4.86 billion in March, Jefferies said in a Tuesday research note.March import levels significantly improved after a drop in February and hit a new all-time high, exceeding the previous record of $3.85 billion in March 2025, the equity research firm said.Imports from Malaysia reached $874 million, growing 73% year-over-year and also setting a new all-time high, the research firm said.Imports from the US hit $751 million, up 4%, while imports from Japan also grew 4% to $956 million, Jefferies said.For the first quarter, total imports came to $10.56 billion.Advantest, which manufactures System on a Chip (SoC) testers at a Malaysian firm, has a 50% share of Taiwan's SPE imports from Malaysia, Jefferies said.

Taiwan Weighted

Asia117d ago

Hoshine Silicon Industry Selling Hangzhou Zhongchuang Zhixin Microelectronics for 479 Million Yuan

Hoshine Silicon Industry (SHA:603260) agreed to sell all its equity in Hangzhou Zhongchuang Zhixin Microelectronics for 479.3 million yuan to related parties Ningbo Lanxing Electronics and Ningbo Qianyu Microelectronics.The sale will allow the company to focus on its core business, optimize its industrial structure and boost core competitiveness, according to a Tuesday filing with the Shanghai bourse.The buyers are indirectly controlled by Hoshine Group.

SHA:603260

Asia117d ago

Andon Health to Buy XG Tech Stake; Shares Close 9% Lower

Andon Health (SHE:002432), through subsidiary Andon Hong Kong, will own 0.92% of XG Technologies Holding through an asset unit, according to a Shenzhen bourse filing on Tuesday.The acquisition is part of Andon HK's subscription of stake in Huangpu River Capital SPC XG Asset Unit.XG Tech develops intelligent cockpits and integrated driving chips for smart vehicles.The Chinese medical devices company's shares slumped 9% at the close.

SHE:002432

Asia117d ago

Market Chatter: Philippines to Cut Excise Taxes on Household Fuels

Philippine President Ferdinand Marcos Jr. said the government will lower excise taxes on key household fuels to help ease pressure from rising energy costs linked to the ongoing Middle East conflict, Jakarta Post reported citing his news conference.He said duties on liquefied petroleum gas and kerosene will be lowered starting Tuesday, with cuts of 3.36 Philippine pesos per kilogram and 5.60 pesos per liter respectively, targeting fuels widely used for cooking and basic household needs, according to the report.Marcos added that further policy options, including possible adjustments to gasoline and diesel taxes, will be reviewed by a government crisis committee as the country continues to face higher import-driven fuel prices due to global supply disruptions, 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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