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Sinopec Oilfield Service's Profit Falls 6% in Q1

Sinopec Oilfield Service (HKG:1033, SHA:600871) posted net profit attributable to shareholders of 204.8 million yuan for the first quarter, down 6.2% from 218.4 million yuan a year earlier, according to a Tuesday Hong Kong bourse filing.Earnings per share came in at 0.011 yuan, compared with 0.012 yuan in the prior-year period.Operating income rose 2.4% to 18.3 billion yuan from 17.9 billion yuan a year earlier.

HKG:1033SHA:600871

Asia149d ago

Japan Display Denies Media Report on U.S. Fabs Decision

Japan Display (TYO:6740) said it has not made any decision on plans to launch advanced display manufacturing facilities in the U.S., according to a Tuesday filing on the Tokyo Stock Exchange.The company said it is studying the possibility of operating and providing technology to U.S.-based fabs but stressed that no agreement has been reached.

TYO:6740

Asia149d ago

Infore Environment Technology's Profit Jumps 7% in 2025

Infore Environment Technology's (SHE:000967) attributable profit rose 7.1% to 549.8 million yuan in 2025 from 513.5 million yuan in 2024, according to a Tuesday filing with the Shanghai/Shenzhen bourse.Earnings per share at the software company increased to 0.17 yuan from 0.16 yuan in the previous year.Operating revenue grew 5.5% year over year to 13.8 billion yuan from 13.1 billion yuan.

SHE:000967

Asia149d ago

Market Chatter: TSMC's Ex-Engineer Jailed Over Leaking Trade Secrets

Taiwan Semiconductor Manufacturing (TPE:2330), or TSMC's, engineer has been sentenced to 10 years in prison after a court found him guilty of leaking trade secrets related to the company's advanced 2-nanometre chip technology under Taiwan's National Security Act, Taipei times reported Tuesday.The Intellectual Property and Commercial Court also handed prison terms of two to six years to three other former engineers, while another defendant received a suspended sentence and fine.The case also implicated Tokyo Electron Taiwan, which was fined NT$150 million with conditions for partial suspension. Prosecutors said sensitive information, including etching equipment data, was improperly accessed and used to support equipment development for advanced chip production, reportedly.TSMC reported the breach in July 2025 following an internal probe and reiterated its zero-tolerance stance on trade secret violations while tightening internal safeguards, 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.)

TPE:2330

Asia149d ago

Talkweb Information System Turns to 2025 Profit, Revenue Down 23%

Talkweb Information System Co.,Ltd (SHE:002261) posted 2025 attributable net profit of 63.7 million yuan, versus a loss of 100.5 million yuan the previous year.Earnings per share stood at 0.0507 yuan, versus a loss per share of 0.0800 yuan last year, according to a Tuesday filing with the Shenzhen bourse.Revenue went down 23% year over year to 3.17 billion yuan from 4.11 billion yuan.Shares of the telecommunications software developer were down 9% Tuesday.

SHE:002261

Asia149d ago

Star Asia Investment Completes Redemption of Preferred Equity Securities

Star Asia Investment (TYO:3468) completed the redemption of all preferred equity securities it held in a real estate-backed structure, with proceeds expected to generate a gain, according to a Tuesday filing on the Tokyo Stock Exchange.The real estate investment trust said it redeemed the securities on April 28 and expects to record a gain of about 151 million yen for the fiscal period ending July 2026. It will also receive dividends related to the securities.The preferred equity securities, acquired in June 2023 for about 1.56 billion yen, were linked to a structure holding the HAKUSAN HOUSE property.

TYO:3468

Asia149d ago

SMS Revises Stock Option to Offset Impairment Impact on Performance Targets

SMS Co (TYO:2175) will amend the exercise conditions for its paid-in stock options to exclude the impact of reduced amortization expenses following an impairment loss, according to a Tuesday filing on the Tokyo Stock Exchange.The changes apply to the company's 20th and 21st stock acquisition rights, which carry performance-based conditions tied to adjusted operating income for fiscal 2027 and fiscal 2028, respectively.SMS said it expects amortization expenses tied to intangible assets to decline by about 1.5 billion yen annually from fiscal 2027 after recognizing an impairment loss in its overseas business for the fiscal year ended March 2026.

TYO:2175

Asia149d ago

Shenglong Mining's Attributable Profit Jumps 17% in 2025

Luoyang Shenglong Mining's (SHE:001257) attributable profit rose 17% to 883.9 million yuan in 2025 from 756.8 million yuan in 2024, according to a Tuesday filing with the Shenzhen bourse.Earnings per share at the molybdenum mining company increased 17% to 0.5453 yuan from 0.4669 yuan in the previous year.Operating revenue grew 22% year over year to 3.50 billion yuan from 2.86 billion yuan.

SHE:001257

Asia149d ago

Chugai Ro Raises Dividend to 166 Yen per Share

Chugai Ro (TYO:1964) will raise its year-end dividend to 166 yen per share for fiscal 2025 from a prior forecast of 150 yen, according to a Tuesday filing on the Tokyo Stock Exchange.The proposed payout, subject to shareholder approval in June, compares with 150 yen a year earlier and will bring total dividends to about 1.20 billion yen.

TYO:1964

Asia149d ago

Sankei Real Estate Pushes Tender Offer Deadline to May 18

Sankei Real Estate ()TYO:2972 will extend the tender offer period for its units to May 18 while keeping the offer price at 125,000 yen per unit, according to a Tuesday filing on the Tokyo Stock Exchange.The extension will delay the timeline for planned squeeze-out procedures to make the offerors the sole unitholders, though the amount to be delivered per unit will remain unchanged.Settlement of the tender offer is scheduled to begin on May 25, while the payment date for the squeeze-out process has yet to be determined. The REIT also said it will not pay a distribution for the fiscal period ended February 2026.

TYO:2972

Asia149d ago

China Rare Earth Resources Q1 Profit Up 91%, Revenue Rises 13%

China Rare Earth Resources and Technology (SHE:000831) posted first-quarter attributable net profit of 138.6 million yuan, up 91% from 72.6 million yuan the previous year.Earnings per share rose to 0.1306 yuan from 0.0684 yuan, according to a Tuesday filing with the Shenzhen bourse.Revenue went up 13% year over year to 820.7 million yuan from 727.7 million yuan.Shares of the rare earth miner were down 2% Tuesday.

SHE:000831

Asia149d ago

Infore Environment Technology's Attributable Profit Jumps 19% in Q1

Infore Environment Technology's (SHE:000967) attributable profit rose 19% to 214.3 million yuan in the first quarter from 180.7 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.Earnings per share at the software company increased to 0.07 yuan from 0.06 yuan in the prior-year period.Operating revenue grew 23% year over year to 3.92 billion yuan from 3.18 billion yuan.

SHE:000967

Asia149d ago

Hong Kong Stocks Extend Losses as US-Iran Standoff Persists; Xizhi, Mabwell Shine on Debut

Hong Kong stocks extended losses on Tuesday as elevated oil prices and persistent tensions in the Middle East kept inflation concerns in focus.The Hang Seng Index fell 245.87 points, or 1.0%, to close at 25,679.78, while the Hang Seng China Enterprises Index lost 111.51 points, or 1.3%, to 8,644.81.An U.S. official said President Donald Trump was dissatisfied with Iran's latest proposal to resolve the two-month conflict.The proposal would defer discussion of Iran's nuclear program until the conflict ends and shipping disputes in the Gulf are addressed, according to a Reuters report.The impasse has left the conflict at a standstill, with flows through the Strait of Hormuz still largely disrupted, keeping oil prices above $100 a barrel.Meanwhile, the U.S. Federal Reserve is widely expected to keep interest rates unchanged at the conclusion of its two-day meeting on Wednesday.In corporate news, two firms made their debut on the Hong Kong bourse.Shanghai Xizhi Technology (HKG:1879) closed nearly 389% higher at HK$895 compared with the offer price of HK$183.20.Mabwell (Shanghai) Bioscience (HKG:2493, SHA:688062) gained nearly 1% to close at HK$27.80, versus its offer price of HK$27.64.

Hang SengHKG:1879HKG:2493SHA:688062

Asia149d ago

Castrol India's Profit Rises in Fiscal Q4

Castrol India's (NSE:CASTROLIND, BOM:500870) net profit has increased to 2.42 billion Indian rupees from 2.33 billion rupees a year ago.Earnings per share came in at 2.45 rupees from 2.36 rupees a year earlier, the automotive lubricant manufacturer said in a filing to the Indian stock exchanges.Revenue from operations in fiscal Q4 also rose to 15.5 billion rupees from 14.2 billion rupees a year ago.The company's shares were down nearly 1% in recent trade.

BOM:500870NSE:CASTROLIND

Asia149d ago

Rate Increases Have Limited Impact on Japanese Borrowers' Credit Quality, S&P Says

Increasing interest rates will not have a significant effect on Japanese borrowers' creditworthiness, although repayment burdens could intensify if the rise in rates continues, S&P Global Ratings said in a Tuesday release.The rating agency expects limited impact on repayment capacity from higher interest rates as residential mortgage-backed securities (RMBS) are usually backed by fixed-rate housing loans, S&P said.However, rate increases could heighten total borrowing, especially under increased real estate prices, S&P said.The spike in housing prices is likely due to increased employment costs and a sustained rise in imported material prices, the rating agency said.Still, S&P expects that even under the most severe stress scenario, tranches to be downgraded would only have a 17% share of all rated RMBS transactions and still lead to ratings of A+ or higher.

Nikkei 225

Asia149d ago

Mitsubishi Electric's Fiscal-Year Profit Jumps 26%

Mitsubishi Electric's (TYO:6503) profit attributable to owners of the parent jumped 26% to 407.7 billion yen for the fiscal year ended March 31 from 324 billion yen a year earlier.The electronics company's earnings per share increased to 198.31 yen from 155.70 yen a year ago, according to a Tokyo bourse filing on Tuesday.Revenue climbed 7% to 5.895 trillion yen from 5.522 trillion yen in the prior year.It declared a final dividend of 30 yen per share for the fiscal 2026, payable from June 2.For the fiscal year ending March 31, 2027, the company expects attributable profit of 475 billion yen and net sales of 6.2 trillion yen.Mitsubishi Electric plans to pay interim and year-end dividends of 25 yen and 30 yen per share, respectively, for the current fiscal year (total 55 yen), which is higher than the amount paid in the year-ago period.

TYO:6503

Asia149d ago

China Rare Earth Resources Turns to 2025 Profit, Revenue Up 5%

China Rare Earth Resources And Technology (SHE:000831) posted 2025 attributable net profit of 172.6 million yuan, versus loss of 286.9 million yuan the previous year.Earnings per share stood at 0.1626 yuan, versus loss per share of 0.2704 yuan last year, according to a Tuesday filing with the Shenzhen bourse.Revenue went up 5.1% year over year to 3.18 billion yuan from 3.03 billion yuan.Shares of the rare earth miner were down 2% Tuesday.

SHE:000831

Asia149d ago

StanChart Buys Back Shares

Standard Chartered (HKG:2888) bought back 849,232 shares on Monday at an average price of 17.57 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.

HKG:2888

Asia149d ago

Prudential Buys Back Shares

Prudential (SGX:K6S, HKG:2378) bought back 449,197 shares in London on Monday at an average price of about 11.24 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

Asia149d ago

South Korean Shares Hit New High as Investors Eye US Q1 Tech Earnings

South Korean shares closed at a fresh new high on Tuesday, as investors looked forward to the first-quarter earnings of key US-based technology companies.The Korea Composite Stock Price Index or Kospi rose 25.99 points, or 0.4%, to end at 6,641.02. The Kosdaq decreased by 10.6 points, or 0.9%, to close at 1,215.58.In economic news, the composite business sentiment index in all industries in South Korea increased 0.8 points to 94.9 in April from 94.1 in March, while the outlook for the next month added 0.8 points to 93.9, according to data released by the Bank of Korea on Tuesday.The outlook for May marked the highest level since August 2024.Meanwhile, the economic sentiment index, a composite of the business survey and consumer survey indices, went down 2.3 points to 91.7.In corporate news, DoubleU Games (KRX:192080) will acquire all issued and outstanding American Depositary Shares (ADS) of DoubleDown Interactive at $11.25 per ADS in cash, the developer of online games and mobile games said Tuesday.The deal is valued at about $184 million. Following the transaction, DoubleDown Interactive will become a fully-owned subsidiary of DoubleU Games, according to the release.Shares of DoubleU Games jumped nearly 9% at market close.

^KOSDAQKOSPIKRX:192080

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