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Domino's Pizza Enterprises Shares Fall 10% After Q1 Results Miss Estimates

Domino's Pizza Enterprises (ASX:DMP) shares fell 10% in recent Tuesday trade after its first quarter earnings per share fell to $4.13 per share from $4.33 a year earlier.Analysts polled by FactSet expected EPS of $4.28.Revenue rose 3.5% to $1.15 billion, while analysts expected $1.16 billion."We now expect our international same-store sales growth to be low single-digits, primarily as a result of the macro and geopolitical uncertainty across the world," said Chief Financial Officer Sandeep Reddy during an earnings call, according to a FactSet transcript.

ASX:DMP

Asia149d ago

Founder Technology Q1 Profit Surges 195%, Revenue Down 4%

Founder Technology (SHA:600601) posted first-quarter attributable net profit of 231.6 million yuan, up 195% from 78.5 million yuan the previous year.Earnings per share rose to 0.05 yuan from 0.02 yuan, according to a Tuesday filing with the Shanghai bourse.Revenue rose 64% year over year to 1.56 billion yuan from 951.7 million yuan.Shares of the printed circuit board maker were down 4% in recent trade.

SHA:600601

Asia149d ago

Market Chatter: Moody's Raises China Outlook to 'Stable' From 'Negative'

Moody's upgraded China's credit outlook to "stable" from "negative", Reuters reported Monday, citing the credit ratings agency.The firm attributed the move to the country's economic resilience. Moody's highlighted China's ability to adapt its exports to a changing global environment and its strategic focus on high-productivity industries.A spokesperson from China's Ministry of Finance said it appreciates Moody's decision to revise the outlook, telling reporters it will "continue advancing economic structural transformation".(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

Asia149d ago

Red Star Macalline Returns to Profit in Q1; Shares Rise 13%

Red Star Macalline (HKG:1528, SHA:601828) posted net profit attributable to owners of 47.7 million yuan for the first quarter, rebounding from a loss of 513.4 million yuan a year earlier, according to a Monday Hong Kong bourse filing.Shares of the home decor company were up nearly 13% in midday trade on Tuesday.Earnings per share came in at 0.01 yuan, compared with a loss per share of 0.12 yuan in the prior-year period.Revenue slid to 1.55 billion yuan from 1.62 billion yuan a year earlier.Separately, the company said it operated 73 portfolio shopping malls and 214 managed shopping malls as of March 31, alongside six home furnishing malls under strategic cooperation.It also franchised 17 home improvement material projects, covering 336 stores or industry streets.

HKG:1528SHA:601828

Asia149d ago

InfoBeans Technologies' Consolidated Profit Rises in Fiscal Q4; Shares Up 4%

InfoBeans Technologies' (NSE:INFOBEAN, BOM:543644) consolidated attributable profit rose to 214.4 million Indian rupees in the fiscal fourth quarter ended March 31, from 105.0 million rupees a year ago.Earnings per share came in at 2.21 rupees from 1.07 rupees a year earlier, the software developer said in a filing to the Indian bourses on Tuesday.Revenue from operations in fiscal Q4 also increased to 1.42 billion rupees from 1.03 billion rupees a year ago.The company's board recommended a final dividend of 0.50 rupees per equity share, along with a special dividend of 0.50 rupees per equity share for the fiscal year ended March 31.The company's shares were up nearly 4% in recent trade.

BOM:543644NSE:INFOBEAN

Asia149d ago

Powermatic Data Systems Forecasts Improved Profit in Fiscal 2026; Shares Up 3%

Powermatic Data Systems (SGX:BCY) expects a "significant improvement" in its profit for the fiscal year ended March 31, compared with the year prior, according to a Monday filing with the Singapore Exchange.Shares of the wireless connectivity business were up 3% in Tuesday's late-morning trading.The company has attributed the improvement to growth in its property development segment. It will release its financials on or before May 31.

SGX:BCY

Asia149d ago

Digital China Unit Plans Up to 1 Billion Yuan Placement; Shares Slip 4%

Digital China (HKG:0861) said its unit Digital China Information Service (SHE:000555) plans to raise up to 1 billion yuan through a private placement of new shares, according to a Monday Hong Kong bourse filing.Shares of the Chinese IT company were down nearly 4% in Tuesday's midday trade.Digital China Information intends to issue up to about 195.2 million shares, representing 20% of its existing share capital, to no more than 35 investors.The final issue size and price will be determined through book-building, subject to regulatory approvals.Assuming full issuance, Digital China's stake in the unit would be diluted by about 6.4% to roughly 32.2%, the filing said.The proceeds are intended for investment in AI technologies, the establishment of an East China business base, and working capital.

HKG:0861SHE:000555

Asia149d ago

Yangzijiang Maritime Development Expands Fleet Portfolio; Shares Up 5%

Yangzijiang Maritime Development (SGX:8YZ) expanded its fleet portfolio with 10 additional newbuilds, according to a Monday filing with the Singapore Exchange.Shares of the ship leasing company were up nearly 5% in Tuesday trading.The fleet includes four new crude tankers, four oil/chemical tankers and two new bulk carriers, scheduled to be delivered in 2028 and 2029.Following the delivery, the company's total fleet will increase to 105 vessels and is expected to improve earnings visibility.

SGX:8YZ

Asia149d ago

Yuanjie Semiconductor Technology Q1 Profit Soars 1,153%; Shares Up 4%

Yuanjie Semiconductor Technology (SHA:688498) posted first-quarter attributable net profit of 179.4 million yuan, up 1,153% from 14.3 million yuan the previous year.Earnings per share rose to 2.08 yuan from 0.17 yuan, according to a Tuesday filing with the Shanghai bourse.Revenue jumped 321% year over year to 355.3 million yuan from 84.4 million yuan.Shares of the chip manufacturer were up 4% in recent trade.

SHA:688498

Asia149d ago

Market Chatter: Japan Life Insurers Will Boost Domestic Bonds as Yields Rise

About half of Japan's major life insurers will increase domestic bond holdings in fiscal 2026 as long-term yields rise, a Nikkei survey showed Tuesday.Five of 10 insurers plan to add Japanese government bonds, up from four a year earlier, with 20-year yields around 3.3%. The narrowing gap with U.S. yields and hedging costs are reducing the appeal of foreign debt, with only Nippon Life Insurance and Meiji Yasuda Life Insurance planning increases, according to the report.Meiji Yasuda Life Insurance will buy about 1 trillion yen of ultra long-term bonds, while Japan Post Insurance (TYO:7181) will raise holdings for the first time in nearly two decades, the report said.Total domestic bond holdings across the 10 insurers will still fall by about 1.5 trillion yen, a smaller drop than a year earlier. All plan to increase allocations to alternative assets such as private credit, 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.)

Nikkei 225TYO:7181

Asia149d ago

City Union Bank Opens 13 New Branches in India

City Union Bank (NSE:CUB, BOM:532210) has opened 13 new branches in India, taking its total branch network to 1,000, according to a Monday filing to the Indian stock exchanges.The bank's shares were up over 4% in Tuesday's trade.

BOM:532210NSE:CUB

Asia149d ago

Vala Enters Model Development Agreement With SAIC Motor Unit

Vala (HKG:2051) entered a model development agreement with a SAIC Motor (SHA:600104) unit to jointly develop a vehicle based on the latter's Dana model, the firm said in a Hong Kong bourse filing Monday.The credit card management firm's shares fell by more than 1% in Hong Kong, while SAIC shares slipped almost 1% in Shanghai in early afternoon trade Tuesday.Under the partnership, both sides will work to develop two versions of the vala house model: an all-electric version and an extended-range version.Vala will be primarily responsible for designing model customization schemes and developing relevant specialized components, while SAIC Maxus RV Technology will be primarily responsible for vehicle technical verification and manufacturing.

HKG:2051SHA:600104

Asia149d ago

HMA Agro Industries to Sell Entire Stake in Two Wholly-Owned Subsidiaries

HMA Agro Industries (NSE:HMAAGRO, BOM:543929) has agreed to sell its entire stake in its non-operational wholly-owned subsidiaries, FNS Agro Foods and Laal Agro Food, to individual buyers, according to a Tuesday filing to the Indian stock exchanges.The company will sell its entire stakeholding in FNS Agro Foods, comprising 895,593 equity shares of face value of 10 rupees each, and 9,999 equity shares of face value of 10 rupees each of Laal Agro Food.Both transactions are expected to be completed by May 30, after which the two arms will no longer be subsidiaries of the company.

BOM:543929NSE:HMAAGRO

Asia149d ago

H2G Green's Unit Commissions LNG Facility; Shares Zoom 17%

H2G Green's (SGX:5AI) subsidiary, GasHubUnited Utility, commissioned a major liquefied natural gas facility in Singapore, according to a Monday filing with the Singapore Exchange.Shares of the energy solutions company surged nearly 17% in Tuesday trading.The contract was secured from a large-scale laundry provider which operates over 12,000 square meters of production across three plants.The unit will design, construct and commission the facility to support the laundry provider's thermal energy needs.

SGX:5AI

Asia149d ago

China Blocks Meta's $2 Billion Deal to Acquire Manus

China is requiring Meta to unwind its $2 billion deal to acquire artificial intelligence startup Manus after a review, the National Development and Reform Commission said in a Monday disclosure.The regulator said the decision was "in accordance with laws and regulations, and has required the parties involved to withdraw the acquisition transaction."A spokesperson for Meta told CNBC that the deal fully complied with the law, according to a Monday report.Manus, which relocated to Singapore after being established in China, develops AI agents, including one that can conduct complex tasks such as market research and coding, CNBC said.

Shanghai Composite^SZSE

Asia149d ago

Asymchem Laboratories' Profit Falls 6.8% in Q1; Shares Rise 8%

Asymchem Laboratories (HKG:6821, SHE:002821) posted a net profit attributable to shareholders of 304.3 million yuan for the first quarter, down 6.8% from 326.6 million yuan a year earlier, according to a Monday Hong Kong bourse filing.Hong Kong-listed shares of the pharmaceutical outsourcing services firm were up nearly 8% in Tuesday's midday trade.Earnings per share came in at 0.84 yuan, compared with 0.89 yuan in the prior-year period.Revenue rose 17% to 1.80 billion yuan from 1.54 billion yuan a year earlier.

HKG:6821SHE:002821

Asia149d ago

HighTide Therapeutics Agrees to Lend HK$15 Million to CEO

HighTide Therapeutics (HKG:2511) agreed to lend up to HK$15 million to its CEO Liu Liping, it said in a Monday Hong Kong bourse filing.The pharmaceutical company's shares fell 1% in early afternoon trade Tuesday.Borrowings under the facility are payable a year from drawdown and will accrue interest at 3.50% per annum.

HKG:2511

Asia149d ago

BAIC Motor Swings to Q1 Loss; Shares Fall 9%

BAIC Motor (HKG:1958) posted a net loss attributable to owners of the parent of 829.5 million yuan for the first quarter, compared with a profit of 929.4 million yuan a year earlier, according to a Monday Hong Kong bourse filing.Shares of the firm were down nearly 9% in Tuesday's midday trade.Operating revenue fell to 31.4 billion yuan from 42.4 billion yuan in the prior-year period.

HKG:1958

Asia149d ago

Rechi Precision Logs NT$232 Million Profit in Q1; Shares Drop 3%

Rechi Precision (TPE:4532) posted a profit attributable to owners of NT$231.5 million, or NT$0.48 per basic share, for the first quarter, according to a Monday Taiwan bourse filing.Shares dropped about 3% in Tuesday's afternoon trade.The company did not provide comparative year-ago figures.Operating revenue stood at NT$6.03 billion, the compressor manufacturer said.

TPE:4532

Asia149d ago

GenusPlus Advances Tasmania Project Under Limited Notice to Proceed

GenusPlus Group (ASX:GNP) advanced the North West Transmission Development stage 1 project through limited notice to proceed, completing around AU$42 million in engineering and design works and commencing about AU$80 million in early works and procurement, according to a Tuesday filing with the Australian bourse.The project will enter the construction phase once TasNetworks issues a notice to proceed and obtains the required final investment decisions, along with planning and environmental approvals, per the filing.Construction is expected to be completed by 2029, the filing added.The company's shares fell 1% in recent Tuesday trade.

ASX:GNP

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