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GS Engineering & Construction Wins KRW375.09 Billion Housing Redevelopment Project

GS Engineering & Construction (KRX:006360) secured the Boncheon 4-1-3 District housing redevelopment project, the construction company said in a Tuesday filing with the Korea Exchange.The contract is valued at 375.09 billion won.Shares of GS Engineering & Construction jumped more than 13% at market close.

KRX:006360

Asia155d ago

Hing Yip Unit to Buy to Lease Back Assets

Hing Yip (HKG:0132) unit Canton Greengold Financial Leasing will buy to lease back certain assets from Foshan City Yueqiao Construction Investment for 70 million yuan, according to a Tuesday filing with the Hong Kong bourse.The assets will be leased back to the lessee for 60 months for a total lease payment of around 82.6 million yuan.The assets comprise multi-level parking garage, glass curtain walls, interior doors and windows, and air conditioning system equipment and facilities of the lessee's commercial building in Guangdong Province, China.

HKG:0132

Asia155d ago

Treasure Factory's Fiscal-Year Profit Climbs 17%

Treasure Factory (TYO:3093) profit attributable to owners of the parent climbed 17% to 3.17 billion yen for the fiscal year ended Feb. 28 from 2.71 billion yen a year earlier.The reuse shop company's profit per share increased to 135.29 yen from 115.63 yen a year ago, according to a Tokyo bourse filing on Tuesday.Net sales jumped 15% to 48.6 billion yen from 42.2 billion yen in the prior year.It declared a final dividend of 21 yen per share, payable from May 28.For the fiscal year ending Feb. 28, 2027, the company expects attributable profit of nearly 3.4 billion yen, profit per share of 144.83 yen, and net sales of 54.3 billion yen.Treasure Factory plans to pay interim and year-end dividends of 22 yen per share, each, for the year, which is higher than the amount paid in the year-ago period.

TYO:3093

Asia155d ago

Market Chatter: MSCI Reviews New Indonesian Transparency Rules for Capital Markets

MSCI is reviewing new capital market transparency reforms introduced by Indonesian authorities, while keeping existing restrictions on local equities in place, the Jakarta Globe reported Tuesday.The measures, rolled out by regulators and the stock exchange, include broader shareholder disclosure, tighter monitoring of ownership concentration, and plans to raise minimum free float requirements.MSCI said it is assessing the effectiveness of these steps, particularly their impact on ownership transparency and market accessibility. For now, MSCI will maintain curbs in its May 2026 index review, including limits on index weight increases and new stock inclusions.It may also remove certain securities flagged for high ownership concentration and selectively use new data to refine free float estimates. MSCI will provide further updates in June.(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.)

^JKSE

Asia155d ago

China Unicom Logs 242 Million 5G Users in Q1

China Unicom (Hong Kong) (HKG:0762) recorded 242 million 5G network subscribers in the first quarter of 2026, according to a Tuesday filing with the Hong Kong bourse.The telco's overall subscriber count, encompassing mobile and broadband users, reached 1.29 billion in the three months.

HKG:0762

Asia155d ago

Taiwan, Philippines Seek to Deepen Economic Ties

Taiwan is seeking closer economic ties with the Philippines during talks with a visiting delegation from the Council on Foreign Relations, Foreign Minister Lin Chia-lung said in a Facebook post on Sunday.He said Taipei aims to link its Taiwan-Philippines Economic Corridor with the U.S.-Japan-Philippines Luzon Economic Corridor to boost supply chain resilience. Lin highlighted complementary strengths, with the U.S. offering advanced technology, Taiwan manufacturing capacity, and the Philippines labor and land resources.He also pointed to plans by the U.S. and the Philippines to establish a large economic security zone to boost industrial cooperation. Lin said combining these strengths could help build more resilient "democratic" supply chains and support regional stability and growth.

^PSEITaiwan Weighted

Asia155d ago

Indian Equities Rally on Tuesday as US-Iran Talk Hopes Boost Investor Sentiment

Indian benchmark indices ended higher on Tuesday as lower crude prices and expectations of renewed U.S.-Iran talks supported risk appetite.The BSE Sensex rose 753.03 points, or 1%, to close at 79,273.33, while the NSE Nifty 50 gained 211.75 points, or 0.9%, to settle at 24,576.60.Sentiment improved on expectations of a second round of talks between the U.S. and Iran later this week. Reports indicate that a U.S. delegation led by U.S. Vice President JD Vance may return to Pakistan for discussions, with Iran also preparing to participate after earlier reluctance.Lower crude prices and buying in banking and FMCG stocks further supported the market.Among stocks, Nestlé India (NSE:NESTLEIND, BOM:500790) surged over 7% after reporting a rise in consolidated profit to 11.1 billion rupees in fiscal Q4 from 8.73 billion rupees a year earlier. Revenue from operations increased to 67.5 billion rupees from 55.0 billion rupees.Prestige Estates Projects (NSE:PRESTIGE, BOM:533274) gained over 2% after reporting initial sales of more than 1,700 units worth over 25 billion rupees for its Hyderabad residential project.

^BSENifty 50BOM:500790BOM:533274NSE:NESTLEINDNSE:PRESTIGE

Asia155d ago

Bank of China Sells 50 Billion Yuan Bonds

Bank of China (SHA:601988, HKG:3988) completed the issue of 50 billion yuan bonds in the domestic interbank bond market on Tuesday, according to a same-day Hong Kong bourse filing.The bonds carry a coupon rate of 1.97% and will fall due in 10 years. The lender will have a redemption right at the end of the fifth year.The bank will use proceeds to replenish its tier 2 capital.

HKG:3988SHA:601988

Asia155d ago

China Unicom's Profit Slides in Q1

China Unicom (Hong Kong) (HKG:0762) recorded an attributable profit of 4.89 billion yuan in the first quarter of 2026, down 18% from 5.93 billion yuan a year prior, according to a Tuesday Hong Kong bourse filing.Operating revenue for the three months slipped 0.5% to 102.8 billion yuan from 103.4 billion yuan in the year-ago period.

HKG:0762

Asia155d ago

China Expresses Worry Over US Seizure of Iranian Ship, Foreign Ministry Says

China flagged concerns about the U.S.' seizure of an Iranian-flagged ship in the Strait of Hormuz, calling it a "forced interception," Foreign Ministry Spokesperson Guo Jiakun said Monday."The situation in the Strait of Hormuz is sensitive and complex," Guo said, adding that parties should abide by the truce and "provide the necessary conditions for the restoration of normal passage through the strait."The cargo ship had travelled from China, Reuters reported separately, citing the Iranian military.

Shanghai Composite^SZSE

Asia155d ago

Norway's Photocure to Push for Full Milestone Payments from China's Asieris

Norway-based cancer drug maker Photocure said it will pursue all means to secure full milestone payments for a license agreement with China's Jiangsu Yahong Meditech (SHA:688176) or Asieris Pharmaceuticals, Photocure said in a Monday press release.Asieris only paid $6.6 million out of $11 million in milestone payments to Photocure triggered by China's approval of the Norway-based drug company's APL-1702 product, Photocure said in a Monday press release.Asieris said label obtained for the product is only good enough for a partial payment, according to Photocure's press release.However, the Norwegian drug manufacturer said the Chinese company's argument "is without merit," saying the milestone has been met.

SHA:688176

Asia155d ago

SGC Energy Returns to Profit in Q1

SGC Energy (KRX:005090) posted first-quarter net income attributable to shareholders of 4.5 billion won, reversing the attributable net loss of 2.8 billion won a year earlier, according to a Tuesday filing with the Korea Exchange.Sales of the South Korean energy generation company were down 1% year over year to 612 billion won from 618.5 billion won.Shares of SGC Energy rose nearly 4% at market close.

KRX:005090

Asia155d ago

TSH Resources Repurchases Shares

TSH Resources (KLSE:TSH, SGX:TSH) bought back 150,000 shares for 191,286 ringgit on Tuesday, according to a same-day disclosure on the Singapore bourse.The shares were repurchased between 1.26 ringgit and 1.28 ringgit apiece, the dual-listed oil palm cultivation and wood products company said.

KLSE:TSHSGX:TSH

Asia155d ago

Polaris Completes Disposal of Property

Polaris (SGX:5BI) completed the disposal of an investment property named One Singapore, to Nan Kai Textiles, according to a Tuesday filing with the Singapore Exchange.Earlier the distributor and seller of mobile and other electronics granted Nan Kai an option to purchase the office unit for a consideration of SG$950,000.Net proceeds from the sale will be used to repay the mortgage loan on the property, with the remaining amount reserved for general working capital needs.

SGX:5BI

Asia155d ago

Market Chatter: Russia to Sell Natural Gas to China at Lower Prices Than Europe

The Russian government expects to sell natural gas to China at prices 38% lower than those paid by Europe, Bloomberg reported Monday, citing two people familiar with governmental forecasts.Russian gas prices for the Chinese market are seen to hit $258.80 per 1,000 cubic meters this year, more than one-third of the price offered to its remaining European buyers, the report said.The gap could narrow in the next three years but will only be more than 27% in 2029, the report said.The lower prices could explain why a pivot to China could not offset Russia's losses in its Western markets, Bloomberg said.Most European markets severed with Russia over the conflict in Ukraine, the report 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.)

Shanghai Composite^SZSE

Asia155d ago

Jardine Matheson Buys Back Shares

Jardine Matheson (SGX:J36) bought back 15,000 shares in the open market on Tuesday for $72.3469 per share, according to a same-day filing with the Singapore Exchange.The repurchased shares will be canceled.

SGX:J36

Asia155d ago

Significant Foreign Ownership Could Benefit Indian Financial Institutions, Fitch Says

Indian financial institutions' credit profiles could gain support from sizable foreign shareholder ownership, Fitch Ratings said in a recent release.Foreign shareholding provides long-term capital and funding flexibility, business franchise improvement, and better governance standards, Fitch said.Still, Fitch does not consider foreign ownership as an innately reliable indicator of better credit fundamentals, with transactions that boost internal controls, risk management, and leadership accountability having more credit relevance.Increased interest from foreign shareholders points to growing confidence in India's long-term growth outlook and the financial industry's regulation and oversight, as well as better risk governance, Fitch said.Fitch believes there is a greater likelihood of foreign investors owning control of nonbank financial institutions rather than those of banks, as full foreign ownership of NBFIs is allowed.Minority shareholders can also have a sizable influence over NBFIs in the presence of business and operational synergies, Fitch said.

^BSENifty 50

Asia155d ago

PNB Gilts Net Profit Plummets in Fiscal Q4

Capital markets company PNB Gilts (NSE:PNBGILTS, BOM:532366) saw a sharp decline in its net profit to 129.9 million Indian rupees in the fiscal fourth quarter from 750.2 million rupees a year ago, according to a Monday filing with the Indian stock exchanges.Earnings per share during the quarter ended March 31 fell to 0.72 rupees from 4.17 rupees a year earlier.Total revenue from operations in fiscal Q4, however, rose to 4.22 billion rupees from 3.56 billion rupees a year ago, according to the filing.

BOM:532366NSE:PNBGILTS

Asia155d ago

Chinese Passenger Trips Rise 12% in March

China's civil aviation passenger trips rose more than 12% to 66.6 million in March, Xinhua News Agency reported Monday.Domestic passenger trips jumped around 12% year over year to 59.5 million, while international passenger trips grew 17% year over year to 7.1 million, the report said.Cargo and mail transport increased 4.2% to 851,000 tonnes.Throughput on domestic routes edged up 1.3% to 458,000 tonnes, while throughput on international routes expanded 7.8% to 393,000 tonnes.

Shanghai Composite^SZSE

Asia155d ago

Nishimatsuya Chain's April Sales Up 4.5%

Nishimatsuya Chain (TYO:7545) logged a 4.5% year-on-year increase in net sales for April, supported by strong demand for spring and summer apparel as well as winter childcare and fashion clothes.Customer traffic rose 7.7%, while average spend per customer slipped 1.9%, according to a Tuesday filing on the Tokyo Stock Exchange.Existing store sales gained 2%, with traffic increasing by 3.8% and average spending falling 1.7%.The children's clothing and childcare goods retailer operated 1,181 stores as of April 20, after adding two stores and closing two during the month.

TYO:7545

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