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Jefferies Adjusts Jiangsu Hengli Hydraulic's Price Target to 89 Yuan from 95 Yuan, Keeps at Hold

Jiangsu Hengli Hydraulic (SHA:601100) has an average rating of overweight and mean price target of 117.96 yuan, according to analysts polled by FactSet.

SHA:601100

Asia153d ago

Jefferies Adjusts Nestlé India's Price Target to INR1,325 from INR1,300, Keeps at Hold

Nestlé India (NSE:NESTLEIND, BOM:500790) has an average rating of hold and mean price target of 1,431 Indian rupees, according to analysts polled by FactSet.

BOM:500790NSE:NESTLEIND

Asia153d ago

Ora Banda Mining Western Australia Drilling Confirms High-Grade Continuity, Expansion Potential, Euroz Hartleys Says

Ora Banda Mining (ASX:OBM) has delivered strong high-grade drilling results at its Golden Pole lode, supporting underground development potential and resource growth at the Waihi Project near the Davyhurst plant, Euroz Hartleys said in a note on Tuesday.Targeted infill and extensional drilling in the latest 22-hole program returned results, including three meters at 44 grams per tonne grade of gold, including two meters at nearly 65 g/t grade of gold, and 11 meters at 11 g/t gold, including two meters at 48 g/t grade of gold.The firm noted that the results de-risk Golden Pole as a near-term underground development, with consistent high-grade intercepts confirming grade continuity and mining potential.The firm said the project's proximity to the Davyhurst plant supports low-capital intensity growth through potential reserve conversion, with Waihi increasingly seen as a third underground feed source supporting the company's production expansion strategy.Euroz added that ongoing drilling success is expected to support a resource update and maiden underground reserve estimate targeted for the early June quarter, as the company advances its strategy to expand production through inventory growth and infrastructure leverage.Euroz Hartleys kept a buy rating on Ora Banda Mining with a price target of AU$1.88.

ASX:OBM

Asia153d ago

Nomura Adjusts Nestlé India's Price Target to INR1,500 from INR1,450, Keeps at Buy

Nestlé India (NSE:NESTLEIND, BOM:500790) has an average rating of hold and mean price target of 1,431 Indian rupees, according to analysts polled by FactSet.

BOM:500790NSE:NESTLEIND

Asia153d ago

MTR Prices HK$18.8 Billion Bond Offering

MTR (HKG:0066) priced its HK$18.8 billion public bond offering, according to a statement Wednesday.The corporate green bond issuance was structured as a triple-tranche offering consisting of HK$8.3 billion in five year 2.88% notes; HK$7.5 billion in 10 year 3.30% notes; and HK$3 billion in 30 year 4% notes.Proceeds from the sale will be used to support "eligible green investments," the firm said.The firm's inaugural Hong Kong dollar public bond issuance marks the largest bond transaction in the Hong Kong market, MTR added.The public transport operator was previously reported to be seeking to raise HK$15 billion via the offering.

HKG:0066

Asia153d ago

Nomura Adjusts Persistent Systems' Price Target to INR5,200 from INR5,300, Keeps at Neutral

Persistent Systems (NSE:PERSISTENT, BOM:533179) has an average rating of overweight and mean price target of 5,769.06 Indian rupees, according to analysts polled by FactSet.

BOM:533179NSE:PERSISTENT

Asia153d ago

Shanghai Mechanical & Electrical Industry Q1 Profit Down 12%, Revenue Slips 1%

Shanghai Mechanical & Electrical Industry (SHA:600835) posted first-quarter attributable net profit of 178.5 million yuan, down 12% from 203.5 million yuan the previous year.Earnings per share went down to 0.17 yuan from 0.20 yuan, according to a Wednesday filing with the Shanghai bourse.Operating revenue rose 1.1% year over year to 4.26 billion yuan from 4.21 billion yuan.Shares of the machinery company were down 1% in recent trade.

SHA:600835

Asia153d ago

City Union Bank Opens Two New Branches

City Union Bank (NSE:CUB, BOM:532210) opened two new branches in India on Tuesday, bringing its total network to 973 branches, according to a same-day company filing to the Indian stock exchanges.The bank's shares were up nearly 2% in Wednesday's trade.The lender opened one branch each in the Indian states of Gujarat and Rajasthan, the filing said.

BOM:532210NSE:CUB

Asia153d ago

Nam Cheong Sells Two Vessels for $37 Million

Nam Cheong (SGX:1MZ) entered into sales agreements with vessel operators in Indonesia and Egypt to sell two offshore support vessels for $36.7 million, according to a Tuesday filing with the Singapore Exchange.Shares of the shipbuilder were up nearly 2% in Wednesday trading.The transactions include a newbuild multi-purpose support vessel and one anchor handling tug supply vessel, which was slated for disposal following a charter contract completion in the first quarter of the year.The two vessels were delivered in the second quarter.Proceeds from the divestments will be redeployed to boost the company's shipbuilding activities.

SGX:1MZ

Asia153d ago

Larsen & Toubro Arm Signs Pact to Partner With Japan's ITOCHU

L&T Energy GreenTech, wholly-owned subsidiary Larsen & Toubro (NSE:LT, BOM:500510), signed a long-term partnership with ITOCHU Corp. (TYO: 8001), according to a Wednesday filing to the Indian stock exchanges.Under the partnership, L&T Energy will supply ITOCHU 300,000 tons of green ammonia per annum from its proposed production facility at Kandla, Gujarat, in India, on a captive long-term take-or-pay basis.ITOCHU will use the green ammonia supplied from Kandla to support its expanding green bunkering operations in Singapore and other locations.The company's shares were down nearly 1% in recent trade.

BOM:500510NSE:LTTYO:8001

Asia153d ago

Nomura Adjusts Xtep International Holdings' Price Target to HK$6.90 from HK$7.50, Keeps at Buy

Xtep International Holdings (HKG:1368) has an average rating of buy and mean price target of HK$6.20, according to analysts polled by FactSet.

HKG:1368

Asia153d ago

Cochlear's Guidance Cut 'Far Worse Than Anticipated,' Multiple Also at Risk, Jarden Says

Cochlear's (ASX:COH) cut to fiscal 2026 profit guidance "is far worse than anticipated," and the company's multiple is also at risk given its recent inability to provide reliable forecasts, Jarden said in a Wednesday note.The company downgraded its fiscal year 2026 underlying net profit outlook to between AU$290 million and AU$330 million, saying that trading conditions for its hearing implants in developed markets have been weaker than expected since January."The issue seems to be largely in the Cochlear implant segment with developed markets softening, Middle East disruption, industrial action in Spain and Italy impacting surgical capacity, and a Chinese reimbursement reduction," Jarden said.The lowering of the guidance has little to do with foreign exchange, as that headwind has seemingly improved slightly, the equity research firm said, adding that the outlook includes a number of additional costs, such as doubtful debts in the Middle East and cost restructuring.Additionally, a Nexa implant launch without new features and Cochlear's expectation of a price premium paved the way for ongoing competitive pressures, while channel checks indicate the price premium is not sticking, especially in the US, as there has been no adjustment to the reimbursement for the device, Jarden said.Jarden maintained a neutral rating on Cochlear with a share price target of AU$224.Shares of the company were down more than 39% in recent Wednesday trade.

ASX:COH

Asia153d ago

Vicom CFO Retires, Names Deputy CEO

Vicom's (SGX:WJP) chief financial officer, Mary Lee Peck Kim will retire from her post, effective Dec. 31, according to a Wednesday filing with the Singapore Exchange.Lee is responsible for the company's financial and accounting functions.Meanwhile, the vehicle inspection company named Chung Tying Chun as its deputy chief executive officer, effective May 1.Chun is currently the CEO of the company's subsidiary, Setsco Services.

SGX:WJP

Asia153d ago

Henan Zhongfu Industrial's Attributable Profit Surges 130% in 2025

Henan Zhongfu Industrial's (SHA:600595) attributable profit rose 130% to 1.62 billion yuan in 2025 from 703.7 million yuan in 2024, according to a Wednesday filing with the Shanghai bourse.Earnings per share at the electrolytic aluminum and aluminum products manufacturer increased 122% to 0.40 yuan from 0.18 yuan in the previous year.Operating income grew 1.4% year over year to 23.1 billion yuan from 22.8 billion yuan.

SHA:600595

Asia153d ago

Nomura Adjusts ITC Hotels' Price Target to INR210 from INR230, Keeps at Buy

ITC Hotels (NSE:ITCHOTELS, BOM:544325) has an average rating of buy and mean price target of 217.36 Indian rupees, according to analysts polled by FactSet.

BOM:544325NSE:ITCHOTELS

Asia153d ago

Lujiazui Finance & Trade Zone Q1 Profit Falls 68%; Shares Down 3%

Shanghai Lujiazui Finance & Trade Zone Development (SHA:600663) posted first-quarter attributable net profit of 199.2 million yuan, down 68% from 630.6 million yuan the previous year.Earnings per share went down to 0.0396 yuan from 0.1252 yuan, according to a Wednesday filing with the Shanghai bourse.Operating revenue fell 47% year over year to 2.23 billion yuan from 4.23 billion yuan.Shares of the real estate developer were down 3% in recent trade.

SHA:600663

Asia153d ago

New Zealand Shares Flat; Air New Zealand CFO to Resign

New Zealand shares ended flat with a positive bias on Wednesday, while Asian shares were mixed after the US decided to extend the Iran ceasefire.The S&P/NZX 50 Index was little changed to close at 12,945.60.US President Donald Trump said he would extend the ceasefire with Iran indefinitely to allow more time for peace negotiations, though it remained unclear on Wednesday whether Iran or Israel would agree, according to a Wednesday Reuters report.Meanwhile, the "golden visa" program of New Zealand has lured nearly NZ$4 billion in committed and pipeline investment in its first year, the government said on Wednesday, as Wellington looks to draw wealthy migrants and growth capital, Reuters reported on Wednesday.In domestic news, a total of 14,993 metric tonnes (MT) of products were sold during the Global Dairy Trade auction held on Tuesday, with supply ranging from 14,166 to 18,737 MT, according to data from the trading platform.In corporate news, Air New Zealand (ASX:AIZ, NZE:AIR) said that Chief Financial Officer Richard Thomson has resigned, effective Aug. 28.NZX (NZE:NZX) appointed Graham Law, chief financial and corporate officer, as acting chief executive, effective May 1.

^NZ50ASX:AIZNZE:AIRNZE:NZX

Asia153d ago

Yidu Tech Wins Bid For AI Healthcare Project

Yidu Tech (HKG:2158) said its affiliate Yidu Cloud (Beijing) Technology won a bid for an artificial intelligence based healthcare project in China's Hainan province, according to a Hong Kong bourse filing Wednesday.The project is valued at 14.8 million yuan, the firm said.

HKG:2158

Asia153d ago

DBS Adjusts Nam Cheong's Price Target to SG$1.90 from SG$1.60

SGX:1MZ

Asia153d ago

Keppel Divests Non-Core Retail Mall Asset for SG$372 Million

Keppel (SGX:BN4) divested i12 Katon, a suburban retail mall, for SG$372 million to Altallo Holdings, according to a Wednesday filing with the Singapore Exchange.The company classified the mall as a non-core asset, with the divestment part of the company's monetization plan.The divestment is expected to be completed during the second quarter of the year.The building is a five-story retail mall with three basement levels and has a total net lettable area of 211,950 square feet.

SGX:BN4

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