Financial News · Live Terminal

Page 1496 of 1596

SPIC Green Energy's Q1 Profit Slides 56%

SPIC Green Energy's (SHE:000875) attributable profit fell 56% to 274.2 million yuan in the first quarter from 623.2 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.Earnings per share at the power generation company decreased to 0.08 yuan from 0.17 yuan in the prior-year period.Operating income slipped 6.5% year over year to 3.52 billion yuan from 3.76 billion yuan.

SHE:000875

Asia155d ago

Guoyuan Securities Q1 Profit Down 15%, Revenue Slips 13%

Guoyuan Securities (SHE:000728) posted first-quarter attributable net profit of 542.0 million yuan, down 15% from 640.5 million yuan the previous year.Earnings per share declined to 0.12 yuan from 0.15 yuan, according to a Tuesday filing with the Shenzhen bourse.Operating revenue declined 13% year over year to 1.33 billion yuan from 1.52 billion yuan.Shares of the securities brokerage were down 6% Tuesday.

SHE:000728

Asia155d ago

Faalcon Concepts Bags INR4 Million Order; Shares Down 3%

Faalcon Concepts (BOM:544164) has secured a new order worth 4.2 million Indian rupees from Tushti Homes, according to a BSE filing on Tuesday.The contract is for the supply of glass, glazing, and windows for Tushti Homes' project named "The Belaire" in Gurugram, India.The project is expected to be completed in two months.The company's shares were down nearly 3% in recent trade.

BOM:544164

Asia155d ago

Kospi Hits All-Time High on Diplomatic Hopes Resurgence

South Korea's primary stock market index Kospi closed at a new high on Tuesday as investors were hopeful about the possibility of a second round of negotiations between the US and Iran to end the conflict in the Middle East.The Korea Composite Stock Price Index or Kospi rose 169.38 points, or 2.7%, to end at 6,388.47. The Kosdaq also increased by 4.18 points, or 0.4%, to close at 1,179.03.The Bank of Korea appointed Hyun Song Shin as its new governor on Tuesday, who took over the top financial role from Rhee Chang-yong, according to a Bank of Korea press release.Hyun will lead the central bank's monetary policy and board over the next four years. He will chair his first policy meeting on May 28.In corporate news, 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.In other news, GMB Korea (KRX:013870) signed a contract to supply electric water pumps to Hyundai Motor (KRX:005380) and Kia (KRX:000270), according to a Tuesday filing with the Korea Exchange.The contract, valued at 128.9 billion won, is valid till Dec. 31, 2034.Shares of the motor vehicle parts and accessories company rose 2% at market close, while those of Hyundai Motor added nearly 4% and Kia gained nearly 2%.

^KOSDAQKOSPIKRX:000270KRX:005090KRX:005380KRX:013870

Asia155d ago

Market Chatter: Panasonic Develops Automated iPS Cell System Aiming to Slash Treatment Costs to Under 1 Million Yen

Panasonic (TYO:6752) aims to bring the cost of producing induced pluripotent stem (iPS) cells below 1 million yen per patient using an automated culturing system it has developed, Nikkei Asia reported Tuesday, citing company official Yoshihiro Owaki.The compact device, measuring 75 cm high, 70 cm wide, and 45 cm long, was unveiled at Osaka's CiRA Foundation research center on Monday, the publication said.Currently, producing iPS cells costs approximately 50 million yen per patient, but Panasonic aims to bring that figure below 1 million yen, with field tests targeted for completion by March 2027 and commercialization planned for fiscal 2028, the news daily said.Owaki added that the company sees iPS cell technology as a future growth area and intends to develop fully automated culture systems for other therapeutic cells, including immune cells, the report said.Stem cells have the ability to grow into various tissues for medical use, with iPS cells specifically created by introducing genes into harvested adult cells to revert them to an embryonic-like state, 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:6752

Asia155d ago

Fitch Revises Philippines' Outlook to Negative on Uncertain Medium-Term Growth Prospects

Fitch Ratings has changed the outlook on the Philippines' long-term foreign currency issuer default rating to negative from stable while maintaining the rating at BBB, according to a recent release.The outlook revision stems from heightened risks to the country's solid medium-term growth trajectory, including disruptions to public investment and greater exposure to the global energy shock, Fitch said.The country's growth performance could weaken compared to peers, given more elevated post-pandemic government debt and a gradual erosion in its external finance position, according to Fitch.The rating agency estimates GDP growth to remain below recent rates at 4.6% this year, given a gradual recovery in public capex and increased energy costs that impact household consumption.The country has high exposure to the Middle East conflict due to its dependence on energy imports and a likely tempering of remittances from the region, Fitch said.The affirmation considers Fitch's view of a robust medium-term GDP growth despite increasing risks, leading to a gradual reduction in government debt.Material changes in the confidence level for a strong, medium-term economic growth and adherence to sound economic policies, government debt-to-GDP ratio, governance standards, or external position could lead to future rating actions.

^PSEI

Asia155d ago

Guoyuan Securities 2025 Profit Up 8%, Shares Slide 6%

Guoyuan Securities (SHE:000728) posted 2025 attributable net profit of 2.43 billion yuan, up 8.1% from 2.24 billion yuan the previous year.Earnings per share rose to 0.56 yuan from 0.51 yuan, according to a Tuesday filing with the Shenzhen bourse.Operating revenue climbed 6.8% year over year to 6.25 billion yuan from 5.85 billion yuan.Shares of the securities brokerage were down 6% Tuesday.

SHE:000728

Asia155d ago

Umiya Mobile Plans to Open 37 New Retail Stores in India

Multi-brand gadget retailer Umiya Mobile (BOM:544464) plans to open 37 new retail stores across various states in India in the near future, according to a BSE filing on Tuesday.The company plans to open 15 new stores in the state of Madhya Pradesh, 10 new stores in Maharashtra, and 12 in Gujarat.

BOM:544464

Asia155d ago

UCloud Technology Returns to Profitability in Q1

UCloud Technology (SHA:688158) returned to an attributable profit of 2.7 million yuan in the first quarter from an attributable loss of 44.7 million yuan in the year-ago period, according to a Tuesday filing with the Shanghai bourse.The cloud computing technology platform developer logged earnings per share of 0.01 yuan compared with a loss per share of 0.10 yuan in the prior-year period.Operating income grew 17% year over year to 438.7 million yuan from 375.7 million yuan.

SHA:688158

Asia155d ago

Guangdong Jiayuan Technology Returns to Profit in 2025

Guangdong Jiayuan Technology (SHA:688388) posted an attributable profit of 57 million yuan in 2025, rebounding from an attributable loss of 283.8 million yuan in 2024, according to a Tuesday filing with the Shanghai bourse.The electrolytic copper foil manufacturer logged earnings per share of 0.13 yuan, compared with a loss per share of 0.56 yuan in the previous year.Operating income grew 48% year over year to 9.64 billion yuan from 6.52 billion yuan.

SHA:688388

Asia155d ago

Market Chatter: Thai Shipping Firms Summoned Amid Missing Oil Probe

Thai authorities have summoned eight shipping companies as witnesses in an investigation into missing oil shipments at sea, The Bangkok Times reported Tuesday, citing Thailand's Department of Special Investigation (DSI).The probe covers discrepancies in 20 oil cargos transported from refineries in eastern Thailand to Surat Thani, where up to 60 million liters are allegedly missing, the report said.Officials are reviewing shipping records and transport documentation to determine the cause of the irregularities. The companies have cooperated so far as investigators assess whether to upgrade the case into a formal special investigation. A separate probe is already underway into suspected oil stockpiling at a Surat Thani depot, 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.)

^SET

Asia155d ago

Indosolar Posts Higher Net Profit in Fiscal Q4; Shares Plummet 5%

Indosolar (NSE:INDOSOLAR, BOM:533257) booked a net profit of 420.0 million Indian rupees in the fiscal fourth quarter, up from 400.4 million rupees a year ago, according to a filing with the Indian exchanges on Monday.Shares of the company plunged 5% in Tuesday's trade.Earnings per share for the quarter ended March 31 climbed to 10.09 rupees from 9.63 rupees a year earlier.Revenue from operations of the solar module manufacturer slipped year on year to 831.0 million rupees from 1.92 billion rupees, according to the filing.

BOM:533257NSE:INDOSOLAR

Asia155d ago

Poonawalla Fincorp Gets Board Nod to Issue Up To INR2.5 Billion Through Debenture Allotment

Poonawalla Fincorp (NSE:POONAWALLA, BOM:524000) has received board approval to raise up to 2.50 billion Indian rupees through the issue of non-convertible debentures on a private placement basis, according to a filing to the Indian stock exchanges on Tuesday.The company plans to issue 25,000 unsecured, redeemable, rated, listed, subordinated non-convertible debentures, constituting capital of face value of 100,000 rupees each. It will have a base issue of 1.50 billion rupees and a green shoe option to retain oversubscription up to 1 billion rupees.The debentures are proposed to be listed on the BSE.The company's shares were up over 1% in recent trade.

BOM:524000NSE:POONAWALLA

Asia155d ago

Berun Chemical Q1 Profit Up 24%, Revenue Slips 5%

Inner Mongolia Berun Chemical (SHE:000683) posted first-quarter attributable net profit of 420.1 million yuan, up 24% from 339.2 million yuan the previous year.Earnings per share rose to 0.11 yuan from 0.09 yuan, according to a Tuesday filing with the Shenzhen bourse.Operating revenue declined 5.3% year over year to 2.72 billion yuan from 2.87 billion yuan.Shares of the alkali chemical manufacturer were up 8% Tuesday.

SHE:000683

Asia155d ago

Patanjali Foods Declares Second Interim Dividend for Financial Year 2025-26

Patanjali Foods (NSE:PATANJALI, BOM:500368) has declared a second interim dividend of 1.75 Indian rupees per equity share of face value of 2 rupees each for the financial year 2025-26, according to a Tuesday filing to the Indian stock exchanges.The record date to determine the eligible shareholders for the dividend has been set as April 25, and the dividend will be paid by May 20.The company has already paid its first interim dividend of 1.75 rupees per equity share for the year 2025-26 during the financial year ended March 31.The company's shares were up 1% in recent trade.

BOM:500368NSE:PATANJALI

Asia155d ago

Jefferies Adjusts Jonjee Hi-Tech Industrial and Commercial Holding's Price Target to 19.80 Yuan From 18.80 Yuan, Keeps at Hold

Jonjee Hi-Tech Industrial and Commercial Holding (SHA:600872) has an average rating of overweight and mean price target of 21.41 yuan, according to analysts polled by FactSet.

SHA:600872

Asia155d ago

Jefferies Adjusts Billionbrains Garage Ventures' Price Target to INR225 From INR210, Keeps at Buy

Billionbrains Garage Ventures (NSE:GROWW, BOM:544603) has an average rating of overweight and mean price target of 213 Indian rupees, according to analysts polled by FactSet.

BOM:544603NSE:GROWW

Asia155d ago

Jefferies Adjusts Otsuka Holdings' Price Target to 12,500 Yen From 11,000 Yen, Keeps at Buy

Otsuka Holdings (TYO:4578) has an average rating of overweight and mean price target of 11,736.92 yen, according to analysts polled by FactSet.

TYO:4578

Asia155d ago

Market Chatter: Thailand Steps Up Relief Measures as Economic Pressures Mount

Thailand is ramping up cost-of-living relief measures as the economy faces pressure from Middle East tensions, VN Express reported Monday, citing Minister Suphajee Suthumpun.The government is rolling out 3,800 mobile "Pum-Puang" units to sell cheaper goods nationwide, especially in remote areas with limited market access. It is also expanding its "Blue Flag" discount program with hundreds of fairs and thousands of mobile vendors across provinces and Bangkok.In addition, a subsidized loan scheme for farmers has been introduced to ease financial strain, with interest costs shared between borrowers and the state.Officials said the combined measures aim to widen access to affordable goods and support household purchasing power, according to the news outlet.(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.)

^SET

Asia155d ago

Berun Chemical 2025 Profit Falls 48%, Revenue Slides 9%

Inner Mongolia Berun Chemical (SHE:000683) posted 2025 attributable net profit of 942.2 million yuan, down 48% from 1.81 billion yuan the previous year.Earnings per share slid to 0.25 yuan from 0.49 yuan, according to a Tuesday filing with the Shenzhen bourse.Operating revenue declined 9.0% year over year to 12.1 billion yuan from 13.3 billion yuan.Shares of the alkali chemical manufacturer were up 8% Tuesday.

SHE:000683

Showing 29901-29920 of 31909