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Metal Powder Works Says Powder Revenue Nearly Doubles in March Quarter, Shares Down 4%

Metal Powder Works (ASX:MPW) said powder revenue nearly doubled quarter-on-quarter in the March quarter, with gross margins maintained at about 50%, according to a Wednesday Australian bourse filing.The company received 35 orders during the quarter, including 18 repeat and 17 first-delivery customers.The company said its Next Gen #1 program is tracking on schedule and on budget, with the first powder successfully produced and ramp-up underway toward its designed 100 metric tonne capacity.The company held AU$13.1 million in cash with no debt.The company's shares fell 4% in recent Wednesday trade.

ASX:MPW

Asia153d ago

Binhai Investment's Gas Sales Volume Jumps 21% in Q1

Binhai Investment (HKG:2886) said piped gas sales volume rose about 21% year on year to 794 million cubic meters in the first quarter of 2026, according to a Hong Kong bourse filing on Wednesday.Pipeline gas sales increased 23% to 585 million cubic meters.Sales to industrial and commercial users rose 31% to 439 million cubic meters, while household gas sales grew 4% to 146 million cubic meters.Gas passing through rose 15% year-on-year to 209 million cubic meters.The company added about 5,000 new connected households during the quarter, bringing the total to about 2.5 million.

HKG:2886

Asia153d ago

AMA Group Posts Lower Fiscal Q3 EBITDA, Higher Revenue, Shares Up 8%

AMA Group (ASX:AMA) said unaudited normalized fiscal third-quarter pre-AASB 16 earnings before interest, taxes, depreciation, and amortization (EBITDA) fell to AU$17.9 million from AU$21.1 million in the third quarter of fiscal year 2025, according to a Wednesday Australian bourse filing.Revenue was AU$254.2 million compared to AU$249.6 million in the same period last year.The company said operating cash outflow for the fiscal Q3 was AU$400,000 after all lease costs and a AU$6.3 million income tax payment in March, compared to a AU$5.3 million inflow in the prior corresponding period, which included a significantly lower tax payment of AU$200,000.AMA Group maintained its fiscal year 2026 guidance, with normalized pre-AASB 16 EBITDA expected to be in the range of AU$70 million to AU$75 million, assuming broader geopolitical developments do not materially impact repair volumes.The company's shares rose 8% in recent Wednesday trade.

ASX:AMA

Asia153d ago

Advantest Partners With Applied Materials on Chip Development

Advantest (TYO:6857) has joined the EPIC platform of Applied Materials as an innovation partner and set up a new research center in Silicon Valley to deepen collaboration on chip development, according to a Tuesday company statement.The move is aimed at strengthening links between front-end manufacturing and back-end testing, as rising complexity in AI and high-performance computing chips drives demand for closer industry coordination.Advantest said its new Innovation Center, located on Applied Materials' campus, will support joint work on integrating manufacturing processes, inspection and final testing.The partnership is expected to help chipmakers accelerate development timelines and improve efficiency in bringing next-generation semiconductor designs to market.Advantest said closer collaboration across the supply chain will be key to addressing growing technological demands and advancing 3D packaging and other emerging technologies.

TYO:6857

Asia153d ago

ASMPT's Profit Rises Threefold as Revenue Climbs 32% in Q1

ASMPT (HKG:0522) booked HK$253.8 million in attributable profit for the first quarter of 2026, up about threefold from HK$83.6 million a year earlier, according to a Hong Kong bourse filing on Wednesday.Earnings per share at the chip gear maker came in at HK$0.78, compared with HK$0.27 in the prior year.Revenue rose 32% year on year to HK$4 billion from HK$3 billion, figures showed.The company said strong demand driven by AI technology supported growth, with bookings rising 72% year over year.The firm expects second-quarter revenue of $540 million to $600 million, up 12% quarter on quarter and 37% year on year at the mid-point of $570 million.

HKG:0522

Asia153d ago

Rivco Australia Signs Nearly AU$12 Million Water Lease Agreement With Select Harvests Unit

Rivco Australia (ASX:RIV) signed a five-year water lease agreement valued at around AU$11.7 million with Kyndalyn Park, a wholly owned subsidiary of Select Harvests (ASX:SHV), strengthening its long-term water access arrangements, according to a Wednesday filing with the Australian bourse.The agreement covers a mix of water entitlement zones and is scheduled to start on July 1, per the filing.The company expects this long-term agreement to expand its lease portfolio and strengthen its contracted revenue base, with about 82% of its portfolio by value leased from July 1, following execution of the deal, the filing added.Rivco Australia's shares gained about 2% in recent Wednesday trade, while Select Harvests' shares added 1%.

ASX:RIVASX:SHV

Asia153d ago

Japanese Stocks Open Lower as Investors Weigh Iran Risks After Ceasefire Extension

Japanese stocks edged lower at Wednesday's open as investors balanced cautious optimism with renewed anxieties about the Middle East.The Nikkei fell 245.1 points, or 0.4%, to open at 59,104.11.U.S. President Donald Trump extended the Iran ceasefire indefinitely a day before its expiration despite collapsed talks, saying the U.S. would refrain from new strikes but keep its blockade of the strategic Strait of Hormuz, various reports said.At home, Japan's trade surplus widened to nearly 667 billion yen in March from 529.8 billion yen a year earlier, driven by a jump in exports to its two largest trading partners - the U.S. and China.Meanwhile, exports to the Middle East plunged 45.9% and imports from the region fell 10.7%, as the Iran war effectively closed the Strait of Hormuz, a critical route for Japan's oil imports.

Nikkei 225

Asia153d ago

Elsight Reports Higher March Quarter Revenue

Elsight (ASX:ELS) reported March quarter revenue of $11.6 million, up from $1 million a year earlier, according to a Wednesday filing with the Australian bourse.Recurring revenue from software licenses, cloud services, and connectivity subscriptions was $1.3 million in the quarter, representing 11% of total revenue, per the filing.The company said it is seeing growing demand and traction in the US Department of War market.

ASX:ELS

Asia153d ago

South Korean Shares Open Flat Amid Uncertain US-Iran Talks, Ceasefire Extension

South Korean shares opened nearly flat on Wednesday after the US and Iran did not confirm a second round of talks anytime soon.The benchmark Korea Composite Stock Price Index, or Kospi, marginally gained to open at 6,387.57. The Kosdaq, on the other hand, shed 0.18% to begin trading at 1,176.83.US President Donald Trump announced an extension to the ceasefire until Iran came up with a unified proposal on a possible agreement.The White House on Tuesday said that US Vice President JD Vance has not yet departed for Pakistan and remains in Washington for additional policy meetings, according to Reuters.Tehran has not yet given any formal confirmation of joining negotiations with the US in Islamabad.

^KOSDAQKOSPI

Asia153d ago

Barton Gold Says Drilling at South Australian Gold Project Confirm High-Grade Mineralization

Barton Gold Holdings (ASX:BGD) said drilling at its Challenger gold project in South Australia confirm high-grade mineralization in the pit floor at the Challenger West pit, according to a Wednesday Australian bourse filing.The company encountered intercepts of 7 meters at 2 grams-per-tonne (g/t) grade of gold from surface, as well as 3 meters at 20.6 g/t grade of gold from 13 meters.The drilling validates previously modeled mineralization, with in-pit materials grading between 5 g/t to 20 g/t grade of gold at shallow depths below the pit floor, and peak assays grading up to 60 g/t grade of gold.The company's shares fell nearly 1% in recent trading on Wednesday.

ASX:BGD

Asia153d ago

Stellar Resources' Test Work on Tasmania Project Ore Shows Potential Tin Recovery Over 70%

Stellar Resources (ASX:SRZ) reported improvement in metallurgical performance on ore-sorted Queen Hill material at its Heemskirk project in Tasmania, showing a pathway to tin recovery exceeding 70%, according to a Wednesday filing with the Australian bourse.Test work supports production of a final saleable tin concentrate grading in the range of 42% to 49%, consistent with standard smelter requirements for processing, the filing said.Additionally, test work on the Severn tin deposit demonstrated "strong" metallurgical performance, showing a pathway to tin recovery of about 75% and producing concentrates grading 45% to 50%, per the filing.

ASX:SRZ

Asia153d ago

GBM Resources Says Drilling at Queensland Deposit Hits High-Grade Gold Intercepts; Shares Down 3%

GBM Resources (ASX:GBM) said the first three drill holes of the stage two drilling program at the Lone Sister deposit, within the Twin Hills gold project in Queensland, hit high-grade gold intercepts outside of the existing mineral resource estimate, according to a Wednesday Australian bourse filing.The company encountered intercepts of 22 meters at 3.7 grams per tonnes (g/t) grade of gold from 149 meters and 115 meters at 1.7 g/t grade of gold from 73 meters.Three drill rigs now operating across the Lone Sister and 309 deposits.GBM Resources' shares were 3% lower in recent Wednesday trade.

ASX:GBM

Asia153d ago

Market Chatter: MUFG's New Chief Eyes Further Deals in Asia After $4.3 Billion India Purchase

Mitsubishi UFJ Financial (TYO:8306) is actively seeking further acquisition or investment opportunities across Asia and other regions, with non-bank financial companies being potential targets, Bloomberg News reported on Wednesday, citing new chief executive, Masakazu Osawa.This comes even as Japan's largest banking group completes its $4.3 billion purchase of a 20% stake in Indian consumer lender Shriram Finance, marking the largest cross-border investment in India's financial services sector to date, the news wire said.Osawa, who took over the core banking unit of Mitsubishi UFJ Financial this month, leads a firm that has executed over $17 billion in cross-border deals over the past decade to tap into faster-growing overseas markets, the publication said.Japanese banks are currently enjoying record profits driven by rising domestic interest rates, with MUFG expecting nearly double the net income for the past fiscal year compared to three years ago, the report said.While Osawa acknowledged that the Middle East conflict will likely have a greater impact on Asia than on the US or Europe, he remained cautiously optimistic about the Japanese economy, it added.(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.)

TYO:8306

Asia153d ago

Cochlear Says Trading Conditions for Implants Weaker Than Expected Since January; Shares Hit 10-Year Low

Cochlear (ASX:COH) said trading conditions for cochlear implants in developed markets have been weaker than anticipated since January, with uncertainty regarding fourth quarter sales from the Middle East due to ongoing conflict, according to a Wednesday filing with the Australian bourse.As a result, the company is downgrading its fiscal 2026 underlying net profit guidance to AU$290 million to AU$330 million, the filing said.The company had previously disclosed that it expected to be at the lower end of its underlying net profit guidance range of between AU$435 million and AU$460 million, per the filing.Shares fell 38% in morning trade Wednesday and earlier reached their lowest since March 2016.

ASX:COH

Asia153d ago

Rent.com.au Says Fiscal Q3 Revenue Up 30%; Shares Jump 8%

Rent.com.au (ASX:RNT) reported fiscal third quarter total group revenue of AU$1.2 million, up 30% from a year earlier and was 20% higher than the previous record quarter in December 2025, according to a Wednesday Australian bourse filing.The company said operating cashflow was AU$500,000, with customer receipts up 35% on the December 2025 quarter and nearly three times the March 2025 quarter.Earnings before interest, taxes, depreciation, and amortization (EBITDA) improved 22% on the previous quarter, on track to break even by December 2026, the filing added.Recurring revenue increased 168% on the prior corresponding period and 21% on the second quarter of fiscal 2026, with recurring sources accounting for 67% of group revenue, the filing added.The company held AU$7.5 million in cash as of March 31, with AU$8.5 million in undrawn debt.The company's shares rose 8% in recent Wednesday trade.

ASX:RNT

Asia153d ago

Iluka Resources Reports Lower Production, Revenue for Q1

Iluka Resources (ASX:ILU) reported first-quarter zircon, rutile, and synthetic rutile production of 47,600 tonnes, down nearly 64% from 130,700 tonnes a year earlier, according to a Wednesday filing with the Australian bourse.The decline comes as the company's Cataby mine in Western Australia is idled and not producing heavy mineral concentrate, including no production of zircon or rutile, per the filing.Additionally, Iluka Resources reported mineral sands revenue of AU$147 million for the March quarter, down from AU$260 million in the year-ago period. The company said the Middle East conflict has reinforced cautious business sentiment across its end markets, and the greater uncertainty has impacted customer purchasing activity.

ASX:ILU

Asia153d ago

Market Chatter: Mitsubishi UFJ Financial Considers Higher Deposit Rates for Upcoming Digital Bank, CEO Says

Mitsubishi UFJ Financial (TYO:8306) is contemplating offering comparatively higher interest rates on deposits for a digital bank slated to launch this fiscal year, Nikkei Asia reported on Wednesday, citing CEO Masakazu Osawa.In a recent interview, Osawa explained that because a digital platform can swiftly adjust fees and rates in response to market shifts, MUFG aims to compete on both speed and cost, the news agency said.He noted that offering higher rates than its traditional brick-and-mortar bank is "theoretically possible," including the option of customizing rates on a customer-by-customer basis, the publication said.Osawa, who took over as head of MUFG Bank on April 1 after Junichi Hanzawa moved up to lead parent company Mitsubishi UFJ Financial Group, emphasized that building a low-cost, speedy service will be a key strategy, the report said.Currently, a standard MUFG Bank physical account earns just 0.3% annually, while rival Aozora Bank (TYO:8304) offers up to 0.75% on online-only accounts, it added.(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.)

TYO:8304TYO:8306

Asia153d ago

Adisyn Secures Rights to Commercialize Graphene-Based Stealth Technology

Adisyn (ASX:AI1) said 2D Generation's subsidiary, 2D Radar Absorbers, signed a license and research agreement with Ramot, the technology transfer company of Israel's Tel Aviv University, for the exclusive rights to commercialize graphene-based radar signature reduction or stealth technology, according to a Wednesday filing with the Australian bourse.The technology combines graphene and other 2D materials in composite materials to minimize radar detectability by absorbing and dissipating electromagnetic signals, the filing said.The deal includes a 12-month company-funded research program with Tel Aviv University, expected to cost less than AU$100,000, per the filing.

ASX:AI1

Asia153d ago

Meteoric Resources to Raise AU$40 Million via Share Placement; Shares Up 15%

Meteoric Resources (ASX:MEI) received firm commitments to raise AU$40 million through the placement of about 235.3 million new shares at an AU$0.17 apiece, according to a Wednesday filing with the Australian bourse.Proceeds will be used to advance the company's Caldeira project in Brazil towards a final investment decision, the filing said.Shares rose nearly 15% in morning trade Wednesday.

ASX:MEI

Asia153d ago

Vault Minerals Posts Lower March Quarter Gold Production, Sales

Vault Minerals (ASX:VAU) said quarterly production reached 78,578 ounces of gold, with sales of 77,707 ounces at an average realized price of AU$6,987 per ounce and all-in sustaining costs (AISC) of AU$3,006 per ounce, according to a Wednesday Australian bourse filing.The company's March 2025 quarter showed production of 87,110 ounces of gold, with sales of 89,827 ounces of gold at an average realised sales price of AU$3,812 per ounce and AISC of A$U2,553 per ounce, according to an earlier filing.The company said year-to-date production stands at 247,203 ounces with sales of 246,981 ounces at an average realized price of AU$5,288 per ounce and AISC of AU$2,909 per ounce, with Leonora operations contributing 43,349 ounces for the quarter at AISC of AU$2,848 per ounce.Underlying free cash flow for the quarter was AU$229 million, with cash and bullion of AU$728 million at quarter end, excluding AU$38.1 million of gold in circuit and concentrate on hand at net realizable value, the filing added.The company said it remains on track to deliver its fiscal year 2026 guidance of 332,000 to 360,000 ounces at AISC of AU$2,650 to AU$2,850 per ounce, with no disruption to diesel supply and a supply contract in place with a global oil major.

ASX:VAU

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