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Wantai Biological Swings to Loss in 2025; Shares Fall 4%

Beijing Wantai Biological Pharmacy Enterprise (SHA:603392) swung to an attributable loss of 398.3 million yuan in 2025 from an attributable profit of 106.2 million yuan in 2024, according to a Tuesday filing with the Shanghai bourse.The drug manufacturer logged a loss per share of 0.31 yuan compared with earnings per share of 0.08 yuan in the previous year.Operating income declined 19% year over year to 1.82 billion yuan from 2.25 billion yuan.Shares decreased 4% during morning trading on Tuesday.

SHA:603392

Asia155d ago

Kintor Pharmaceutical's 2026 Sales Jump Past 2025 Full-Year Level

Kintor Pharmaceutical (HKG:9939) said its sales since the start of 2026 have exceeded its full-year 2025 total, driven by strong growth in its B2C and B2B businesses, according to a Monday Hong Kong bourse filing.Shares of the pharmaceutical firm were up nearly 2% in Tuesday morning trade.The company said year-to-date revenue reached about 34 million yuan, surpassing the 32.7 million yuan sales recorded for all of last year.Kintor said it plans to use cash flow from these businesses to support the development and commercialization of its core drug pipeline.

HKG:9939

Asia155d ago

Fitch Ratings Lowers Philippines Outlook to Negative, Keeps 'BBB' Rating

Fitch Ratings has revised the outlook on Philippines' long-term foreign-currency rating to negative from stable, while affirming the rating at 'BBB'.The move reflects growing risks to economic growth from weaker public investment and high global energy prices, which may reduce the country's edge over its peers.Fitch expects GDP growth to remain relatively firm but slower, forecasting 4.6% in 2026 as higher energy costs weigh on consumption and infrastructure spending recovers gradually. Inflation is projected to rise to 4.1% in 2026, while the current account deficit is seen widening on higher energy import bills.Despite these pressures, the rating is supported by resilient medium-term growth prospects and ongoing economic reforms, the agency said.

^PSEI

Asia155d ago

Adani Power Forms New Step-Down Subsidiary for Nuclear Energy

Adani Power (NSE:ADANIPOWER, BOM:533096) has incorporated a step-down subsidiary named "Rawatbhata-Raj Atomic Energy" for nuclear energy, according to a Tuesday filing to the Indian stock exchanges.The new entity is wholly owned by Adani Atomic Energy, which is a wholly-owned subsidiary of the company.It has been formed to generate, transmit, and distribute power derived from nuclear and atomic energy. It was incorporated with an authorized capital of 500,000 divided into 50,000 equity shares of 10 rupees each.

BOM:533096NSE:ADANIPOWER

Asia155d ago

Han's Laser's Q1 Profit Soars 117%, Revenue Jumps 74%; Shares Jump 4%

Han's Laser Technology Industry's (SHE:002008) net profit attributable to shareholders in the first quarter soared 117% to 354.1 million yuan from 163.5 million yuan a year earlier.Earnings per share surged 113% year on year to 0.34 yuan from 0.16 yuan.Operating revenue jumped 74% to 5.13 billion yuan from 2.94 billion yuan in the previous year.The Chinese laser products manufacturer's shares jumped over 4% during the morning trade.

SHE:002008

Asia155d ago

United Nova Technology's 2025 Loss Narrows; Shares Slump 5%

United Nova Technology's (SHA:688469) net loss attributable to shareholders narrowed year on year to 594.9 million yuan, or 0.08 yuan per share, according to the company's annual report published Tuesday on the Shanghai bourse.The current attributable loss is an adjustment from the previously published preliminary figures in February.The attributable loss a year earlier was 962.2 million yuan, or 0.14 yuan per share.Operating revenue jumped 26% to 8.18 billion yuan from 6.51 billion yuan in the previous year.The Chinese power discrete and module manufacturer's shares dipped over 5% during the morning trade.

SHA:688469

Asia155d ago

Jiangsu Etern 2025 Profit Jumps 280%; Shares Down 3%

Jiangsu Etern (SHA:600105) posted 2025 attributable net profit of 233.6 million yuan, up 280% from 61.4 million yuan the previous year.Earnings per share rose to 0.1598 yuan from 0.0438 yuan, according to a filing with the Shanghai bourse.Operating revenue rose 29% year over year to 5.29 billion yuan from 4.11 billion yuan.Shares of the telecommunication cable and wire manufacturer were down 3% in recent trade.

SHA:600105

Asia155d ago

Malaysian Resources Unit Closes Acquisition of Bukit Jalil Sentral Property; Shares Drop 3%

Malaysian Resources' (KLSE:MRCB) indirect unit Rukun Juang has completed the acquisition of an 80% stake in Bukit Jalil Sentral Property, according to a Monday Malaysian bourse filing.Shares fell over 3% in Tuesday's late morning trade.The property was purchased from the Employees Provident Fund Board's unit, Tanjung Wibawa. MRCB paid the remaining 1.42 billion ringgit purchase consideration in cash, and settled shareholder advances of 69.2 million ringgit.Bukit Jalil Sentral Property has now become an indirect wholly owned unit of Malaysian Resources, it said.

KLSE:MRCB

Asia155d ago

Chaoju Eye Care's Profit Falls in 2025

Chaoju Eye Care (HKG:2219) posted a profit attributable to owners of 183.4 million yuan for 2025, down from 195.1 million yuan a year earlier, according to a Tuesday Hong Kong bourse filing.Earnings per share at the eye care services firm came in at 0.26 yuan, compared with 0.28 yuan in the prior year.Revenue fell 3.2% to 1.36 billion yuan from 1.41 billion yuan in 2024.The board recommended a final dividend of HK$0.2423 per share, expected to be paid on June 3 to shareholders on record as of May 20.

HKG:2219

Asia155d ago

Billionbrains Garage Ventures' Consolidated Profit Rises in Fiscal Q4

Billionbrains Garage Ventures' (NSE:GROWW, BOM:544603), which operates a financial technology platform Groww, consolidated attributable profit rose to 6.86 billion Indian rupees in the fiscal fourth quarter ended March 31, from 3.09 billion rupees a year ago.Earnings per share came in at 1.09 rupees from 0.54 rupees a year earlier, the financial technology company said in a filing to the Indian stock exchanges on Monday.Revenue from operations in fiscal Q4 also increased to 15.1 billion rupees from 8.01 billion rupees a year ago.

BOM:544603NSE:GROWW

Asia155d ago

Biocon Gets Health Canada Approval for Biosimilars Bosaya, Vevzuo

Biopharmaceutical company Biocon (NSE:BIOCON, BOM:532523) has received a notice of compliance from Health Canada for Bosaya (denosumab) and Vezuo (denosumab), according to a Tuesday filing to the Indian stock exchanges.Bosaya is a biosimilar to Prolia and is most commonly presented as a 60 mg/mL injection for subcutaneous use in a prefilled syringe. Meanwhile, Vezuo, a biosimilar to Xgeva, is mostly presented as a 120 mg/1.7 mL (70 mg/mL) injection for subcutaneous use in a single-dose vial.Denosumab products help improve bone health by increasing bone mass and treating osteoporosis, as well as bone complications associated with cancer.The company's shares were up nearly 1% in recent trade.

BOM:532523NSE:BIOCON

Asia155d ago

Orthocell's Fiscal Year 2026 Revenue Estimate Cut to AU$13.4 Million, Euroz Hartleys Says

Orthocell's (ASX:OCC) fiscal year 2026 revenue is now estimated to reach AU$13.4 million, revised down from AU$14.4 million, Euroz Hartleys said in a note on Tuesday.Orthocell said it achieved a revenue of AU$3.2 million in the March quarter, in line with the prior quarter and primarily driven by sales of its nerve repair product, Remplir. Its management attributed the flat quarterly revenue growth to seasonality.Euroz Hartleys says that Orthocell has delivered around 8.5% compound quarterly revenue growth over the past 15 quarters.The investment firm maintained its speculative buy recommendation on Orthocell and lowered its price target to AU$1.09 per share from AU$1.19 per share.

ASX:OCC

Asia155d ago

Jiu Rong Unit Receives Court Summons in Loan Dispute

Jiu Rong Holdings (HKG:2358) said its Hangzhou Lu Yun Property unit became the subject of a financial loan contract dispute initiated by the Bank of Communications (HKG:3328, SHA:601328), according to a Hong Kong bourse filing Monday.Shares of the TV maker fell nearly 8% in morning trade Tuesday.The group said the unit had received a written court summons and a notification of response to action by the Hangzhou Shangcheng District People's Court. A court hearing is scheduled to begin on May 13.The company's unit had previously failed to repay 3.5 million yuan of a 49 million yuan loan, prompting the action by the Bank of Communications.The lender is demanding repayment of 49 million yuan and 216,542 yuan in accrued interest.The bank is also seeking a court order to receive priority rights over the proceeds from the sale of 31 mortgaged real estate properties owned by the group.Jiu Rong said it is seeking legal advice on the matter and would work with the plaintiff to explore the possibility of reaching a settlement.The firm warned that the new lawsuit may exacerbate its existing liquidity constraints associated with other litigation, which have already resulted in the freezing of the company's bank deposits amount to 12.7 million yuan.

HKG:2358HKG:3328SHA:601328

Asia155d ago

TSH Resources Books Higher Attributable Profit in 2025

TSH Resources (SGX:TSH, KLSE:TSH) attributable profit to owners rose to 183.4 million ringgit in 2025 from 135.7 million a year earlier, according to a Tuesday filing with the Singapore Exchange.Earnings per share climbed to 0.1398 ringgit compared with 0.0983 ringgit in the year-ago period.Revenue meanwhile, jumped to 1.06 billion ringgit year over year from 1.02 billion ringgit.

KLSE:TSHSGX:TSH

Asia155d ago

Hong Kong Airport Authority Invites Partners to Refine Marina Development Project

Hong Kong's Airport Authority has invited expression of interest for a 200-hectare marina development project aimed at attracting the global yachting community.The goal of the invitation for expressions of interest is to gather global feedback from the yachting, hospitality and water recreation sectors to refine the Skytopia project, according to a notice on the project's website.Interested parties have until Nov. 2 to submit their expression of interest with proposal.The marina development is proposed right next to the Hong Kong International Airport and would include 500 berths to accommodate vessels of up to 100 meters long. The development also includes a coastal resort hotel.

Hang Seng

Asia155d ago

CapitaLand Integrated Commercial Trust Raises SG$750 Million Via Private Placement

CapitaLand Integrated Commercial Trust (SGX:C38U) raised around SG$750 million through a private placement, according to a Tuesday filing with the Singapore Exchange.The placement was upsized from SG$600 million and was 4.8 times covered, while the issue price was fixed at SG$2.30 per unit.Proceeds raised from the exercise will be used to partially finance the acquisition of a property named Paragon.Meanwhile, trading of the new units is expected to commence on April 29.

SGX:C38U

Asia155d ago

Lark Distilling Reports Modest Net Sales Growth in Fiscal Q3

Lark Distilling (ASX:LRK) reported a 0.2% increase in net sales to AU$4.3 million in the fiscal third quarter ended March 31, compared with the previous corresponding period, according to a Tuesday filing with the Australian bourse.The company also reported domestic direct-to-consumer sales of AU$1.9 million, down compared with the same period last year, while global travel retail recorded quarterly sales of AU$500,000, representing a 42% increase.Meanwhile, domestic business-to-business sales recorded strong growth of AU$1.5 million, up around AU$1 million compared with a year earlier.As of March 31, the company's cash at the bank stands at AU$15.8 million, with AU$11 million in cash term deposits and AU$5 million committed bank facility remaining undrawn, per the filing.The company's shares fell 1% in recent Tuesday trade.

ASX:LRK

Asia155d ago

Salubris Pharma's 2025 Profit Rises 8%, Revenue Climbs 9%; Shares Down 3%

Shenzhen Salubris Pharmaceuticals' (SHE:002294) net profit attributable to shareholders in 2025 rose 8.3% to 651.5 million yuan from 601.6 million yuan a year earlier, according to a Shenzhen bourse filing on Tuesday.Earnings per share climbed 7.4% year on year to 0.58 yuan from 0.54 yuan.Operating revenue increased 8.5% to 4.35 billion yuan from 4.01 billion yuan in the prior year.The pharmaceutical company's shares fell by over 3% during the midday trade.

SHE:002294

Asia155d ago

Kingfa Sci & Tech 2025 Profit Up 39%, Revenue Rises 8%

Kingfa Sci & Tech (SHA:600143) posted 2025 attributable net profit of 1.15 billion yuan, up 39% from 824.6 million yuan the previous year.Earnings per share rose to 0.4459 yuan from 0.3120 yuan, according to a Tuesday filing with the Shanghai bourse.Operating revenue rose 8.1% year over year to 65.4 billion yuan from 60.5 billion yuan.In the fourth quarter of 2025, operating revenue from modified plastic products stood at 10.2 billion yuan, according to a separate filing. Operating revenue from green petrochemical products stood at 3.37 billion yuan and from new material products was 1.30 billion yuan.Shares of the plastic products manufacturer were down 1% in recent trade.

SHA:600143

Asia155d ago

Market Chatter: HKEX Eyes Longer Derivatives Trading to Overlap With US Markets

Hong Kong Exchanges and Clearing (HKG:0388) will prioritize extending derivatives trading hours to cover U.S. market closing hours, The Standard reported, citing local media.The move aims to increase overlap with global markets and attract more international capital into Hong Kong assets, rather than compete with other exchanges on trading duration, Chief Operating Officer Vanessa Lau was quoted as saying.Extending trading hours for the cash equity market is more complex, as it would require coordination with local brokers and investors, as well as alignment with mainland China through the Stock Connect mechanism, the report said.There is currently no market consensus on such changes, and further study is needed, 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.)

Hang SengHKG:0388

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