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Keppel REIT's Distributable Income Rises 19.7% in Q1

Keppel REIT's (SGX:K71U) distributable income from operations surged 19.7% to SG$57.9 million in the first quarter of the year from SG$48.4 million a year earlier.Net property income attributable to unitholders was up 9.1% to SG$54.7 million from SG$50.1 million in the year-ago period, according to a Tuesday filing with the Singapore Exchange.Portfolio occupancy remained high at 97.1% at the end of the quarter, backed by rental reversion of 17.2%. Meanwhile, the weighted average lease expiry (WALE) for the portfolio and the top 10 tenants was at roughly 4.4 years and 8.0 years, respectively.

SGX:K71U

Asia155d ago

Zheneng Electric Power's Total Power Generation Rises 3% in Q1

Zhejiang Zheneng Electric Power's (SHA:600023) total power generation for the first quarter rose 3.3% year on year to 39.9 billion kilowatt-hours, according to a Shanghai bourse filing on Tuesday.The on-grid electricity in the same quarter climbed 3.5% year on year to 37.9 billion kWh.The power supplier's shares rose 2% during the morning trade.

SHA:600023

Asia155d ago

GMB Korea to Supply Electric Water Pumps to Hyundai Motor, Kia; Shares Rise 4%

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 4% in recent trade, while those of Hyundai Motor added over 2% and Kia gained more than 1%.

KRX:000270KRX:005380KRX:013870

Asia155d ago

Westpac NZ Offers Relief to Flood-Affected Whanganui, Wellington Customers

Westpac Banking's (NZE:WBC, ASX:WBC) New Zealand unit is providing financial support to customers affected by severe flooding and landslides across the Whanganui and Wellington regions, including temporary loan repayment suspensions and hardship assistance measures, according to a Tuesday statement by the bank.Support measures may include temporarily suspending loan principal repayments, deferring credit card payments, and providing hardship assistance such as lower repayment amounts, short-term overdraft access, and early access to term deposit funds.Business and agricultural customers may be eligible for up to three months of relief on loan and credit card payments, while consumer customers can receive home loan payment suspensions or other customized support based on their situation.

ASX:WBCNZE:WBC

Asia155d ago

Envicool Technology 2025 Profit Up 15%; Shares Fall 10%

Shenzhen Envicool Technology (SHE:002837) posted 2025 attributable net profit of 521.9 million yuan, up 15% from 452.7 million yuan the previous year.Earnings per share rose to 0.53 yuan from 0.47 yuan, according to a Tuesday filing with the Shenzhen bourse.Operating revenue rose 32% year over year to 6.07 billion yuan from 4.59 billion yuan.Shares of the temperature control systems manufacturer were down 10% in recent trade.

SHE:002837

Asia155d ago

Travel Expert Discloses Unauthorized Access to Internal Systems

Travel Expert (Asia) Enterprises (HKG:1235) said it discovered unauthorized access to certain internal servers and storage systems, according to a Monday Hong Kong bourse filing.The travel services provider said affected data may include customer orders, operational records, and employee files, pending confirmation by independent cybersecurity experts.The company added that its credit card operations are handled by third-party processors and banks, with no risk of card information leakage.Travel Expert has reported the incident to Hong Kong authorities and engaged cybersecurity experts to investigate, while activating business continuity measures to maintain operations.The group said the incident has not had a significant impact on its business so far, and operations remain stable.

HKG:1235

Asia155d ago

Market Chatter: MTR Draws Eight Bids for Kam Sheung Road Phase 2 Project

MTR (HKG:0066) received eight bids for its Kam Sheung Road Station Phase 2 project on Monday after attracting 31 expressions of interest, The Standard reported Monday.The site is valued at HK$3.62 billion to HK$7.24 billion, or HK$3,000 to HK$6,000 per square foot, and is expected to provide about 1,290 flats across 1.21 million square feet, according to the report.Bidders included CK Asset (HKG:1113), Henderson Land (HKG:0012), Sun Hung Kai Properties (HKG:0016), K. Wah International (HKG:0173), and Wheelock Properties, among others, the report said.MTR also plans to launch the tender for Tuen Mun A16 Station Package 2 after conducting market consultation this month, the report 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.)

HKG:0012HKG:0016HKG:0066HKG:0173HKG:1113

Asia155d ago

Keppel Infrastructure Trust Upsizes Multicurrency Debt Issuance Program

Keppel Infrastructure Trust (SGX:A7RU) updated and upsized its multicurrency debt issuance program from SG$2 billion to SG$3 billion, according to a Tuesday filing with the Singapore Exchange.DBS Bank and Oversea-Chinese Banking Corp. or OCBC (SGX:O39) were the arrangers and dealers under the amended program.

SGX:A7RUSGX:O39

Asia155d ago

Envicool's Q1 Profit Fall 82%, Revenue Jumps 26%; Shares Down 10%

Shenzhen Envicool Technology's (SHE:002837) net profit attributable to shareholders in the first quarter slumped 82% to 8.7 million yuan from 48 million yuan a year earlier, according to a Shenzhen bourse filing on Tuesday.Earnings per share dropped 80% year on year to 0.01 yuan from 0.05 yuan.Operating revenue climbed 26% to 1.18 billion yuan from 932.6 million yuan in the preceding year.The temperature control systems manufacturer's shares dropped 10% in late-morning trade Tuesday.

SHE:002837

Asia155d ago

Huadian New Energy 2025 Profit Down 18%, Revenue Up 15%

Huadian New Energy (SHA:600930) posted 2025 attributable net profit of 7.26 billion yuan, down 18% from 8.83 billion yuan the previous year.Earnings per share slipped to 0.18 yuan from 0.24 yuan, according to a filing with the Shanghai bourse.Operating revenue rose 15% year over year to 39.0 billion yuan from 34.0 billion yuan.Shares of the power company were down 1% in recent trade.

SHA:600930

Asia155d ago

National Storage REIT Says New South Wales Court Approves Brookfield, GIC Takeover Scheme

National Storage REIT (ASX:NSR) confirmed that the Supreme Court of New South Wales has approved the share scheme of arrangement and granted judicial advice for the trust scheme, enabling a Brookfield Funds and GIC-led consortium to proceed with the acquisition of all the company stapled securities, according to a Tuesday Australian bourse filing.The schemes are now legally effective following lodgment with the Australian Securities and Investments Commission, and the company's securities are expected to be suspended from trading at the close of trading on Tuesday, per the filing.The scheme record date is April 29, with implementation scheduled for May 8, when security holders will receive the scheme consideration, the filing added.

ASX:NSR

Asia155d ago

Starpharma Says US FDA Supports First-in-Human Study of Cancer Radiotherapy Candidate; Shares Gain 7%

Starpharma Holdings (ASX:SPL) has received positive feedback from the US Food and Drug Administration (FDA) on the proposed design of its first-in-human phase 1 clinical study of the DEP HER2 radiotherapy candidate, according to a Tuesday filing with the Australian bourse.The company is developing the candidate to treat certain gastric/gastro-oesophageal junction cancers and other advanced cancers in patients who have previously received targeted therapy.The US FDA feedback supports plans to launch the phase one study, which is on track to begin in the second half of the year.The FDA also confirmed that the radiotherapy candidate is targeting a population with a significant unmet medical need, indicating the potential for a fast-track designation or other accelerated development pathways, Starpharma said.The company's shares were 7% higher in recent Tuesday trade.

ASX:SPL

Asia155d ago

Bank of Korea Appoints New Governor

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 his inaugural address, Hyun said that the country must strive for "price stability and financial stability through cautious and flexible monetary policy operations," amid increased uncertainty, high inflation, and the supply shock caused by the Middle East war.Hyun also said that he would focus on the internationalization of the Korean won, as it was crucial to building a monetaryinfrastructure.The central bank will pursue 24-hour foreign exchange market operations and establish offshore won settlement systems. These steps will improve the accessibility and resilience of foreign exchange transactions, making them consistent with international standards. In addition, these efforts will also support won-denominated capital and trade transactions.

^KOSDAQKOSPI

Asia155d ago

SJ Semiconductor Soars 407% in Shanghai Trading Debut

SJ Semiconductor (SHA:688820) soared 407% when it made its trading debut on the Shanghai Stock Exchange.The semiconductor wafer manufacturer's shares opened at 99.72 yuan apiece, jumping five times from the initial public offering price of 19.68 yuan per share.

SHA:688820

Asia155d ago

PNB Housing Finance's Consolidated Profit Rises in Fiscal Q4

PNB Housing Finance's (NSE:PNBHOUSING, BOM:540173) consolidated attributable profit rose to 6.56 billion Indian rupees in the fiscal fourth quarter ended March 31 from 5.50 billion rupees a year ago.Earnings per share came in at 25.11 rupees from 21.10 rupees a year earlier, according to a Monday filing to the Indian stock exchanges by the housing finance company. The EPS was higher than the 21.26 estimated by the analysts polled by Visible Alpha.Revenue from operations in fiscal Q4 also increased to 21.8 billion rupees from 20.2 billion rupees a year ago.The company's board recommended a final dividend of 8 rupees per equity share of face value of 10 rupees each for the financial year ended March 31.

BOM:540173NSE:PNBHOUSING

Asia155d ago

Wanhua Chemical Group Discloses Q1 Product Sales Revenue; Shares Down 4%

Wanhua Chemical Group (SHA:600309) posted first-quarter sales revenue of 20.5 billion yuan from its petrochemical series products.Sales revenue from its polyurethane series products stood at 19.3 billion yuan and from its fine chemicals and new materials series products reached 10.3 billion yuan, according to a Tuesday filing with the Shanghai bourse.Shares of the chemical company were down 4% in recent trade.

SHA:600309

Asia155d ago

Ausgold Extended Western Australia Project Timelines With No Other Fundamental Change to Development, Euroz Hartleys Says

Ausgold (ASX:AUC) extended timelines for the Katanning gold project in Western Australia, with no fundamental change to project development apart from timing, Euroz Hartleys said in a Monday note.The company extended its project timeline due to Environmental Protection Authority requests for further information on environmental impacts, including groundwater vegetation, certain fauna habitats, the possible presence of trapdoor spiders, and the preparation of a detailed offsets management plan.Key permit approvals and the final investment decision are now aimed for the fourth quarter of the year, delaying the expected first gold production to the second quarter of 2028, from the previous target of late 2027.The project is expected to deliver more than 140,000 ounces of gold per year at an all-in sustaining cost of about AU$2,160 per ounce in its first full production years, before averaging over 120,000 ounces per year at roughly AU$2,250 per ounce over the 10-year life-of-mine plan.Euroz Hartleys reaffirmed its speculative buy recommendation and lowered its price target to AU$2.60 from AU$2.70 on Ausgold.Ausgold shares rose 3% in midday trade Tuesday.

ASX:AUC

Asia155d ago

Fuen Jumps 99% on Start of Shenzhen Trading Debut

Hangzhou Fuen (SHE:001312) opened 98.6% higher in its trading debut on the Shenzhen Stock Exchange.The Chinese textile product manufacturer's shares opened at 36.51 yuan apiece, nearly double from its initial public offering price of 18.38 yuan per share.

SHE:001312

Asia155d ago

Wanhua Chemical Group 2025 Profit Down 4%; Share Fall 4%

Wanhua Chemical Group (SHA:600309) posted 2025 attributable net profit of 12.6 billion yuan, down 3.9% from 13.0 billion yuan the previous year.Earnings per share slipped to 3.99 yuan from 4.15 yuan, according to a filing with the Shanghai bourse.Analysts polled by Visible Alpha were expecting EPS of 3.85 yuan.Operating revenue rose 12% year over year to 203.2 billion yuan from 182.1 billion yuan.Analysts polled by Visible Alpha were expecting revenue of 200.0 billion yuan.Shares of the chemical company were down 4% in recent trade.

SHA:600309

Asia155d ago

Hong Kong Introduces Framework for Secondary Trading of Tokenized Products

Hong Kong's Securities and Futures Commission rolled out a new regulatory framework to enable secondary trading of tokenized investment products, according to a press release on Monday.The initiative will initially allow trading of tokenized SFC-authorized open-ended funds on licensed virtual asset trading platforms, with the regulator also open to considering over-the-counter arrangements on a case-by-case basis.The framework introduces safeguards covering pricing, liquidity, disclosure, and orderly trading, drawing on exchange-traded fund mechanisms and existing virtual asset platform infrastructure, the regulator said.It also paves the way for potential 24/7 trading supported by regulated stablecoins and tokenised deposits.The initial rollout will focus on tokenised money market funds, with the regulator set to review operations before expanding the scope.

Hang Seng

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