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Aizawa Securities' Profit Falls 13% in Fiscal Year Ended March 31

Aizawa Securities' (TYO:8708) profit attributable to owners of the parent fell 13% to 2.75 billion yen for the fiscal year ended March 31 from 3.17 billion yen a year earlier.The securities firm's preliminary consolidated results show earnings per share declined to 88.44 yen from 100.20 yen a year ago, according to a Tokyo bourse filing on Monday.Operating revenue rose 1.9% to nearly 21 billion yen from 20.6 billion yen in the prior year.Operating profit plunged 99% to 26 million yen from 1.89 billion yen, and ordinary profit fell 74% to 666 million yen from 2.57 billion yen.

TYO:8708

Asia157d ago

Nomura Adjusts Korea Electric Power's Price Target to KRW61,000 From KRW68,000, Keeps at Buy

Korea Electric Power (KRX:015760) has an average rating of overweight and mean price target of 64,062.50 won, according to analysts polled by FactSet.

KRX:015760

Asia157d ago

Jefferies Adjusts Zhejiang Crystal-Optech's Price Target to 38 Yuan From 31 Yuan, Keeps at Buy

SHE:002273

Asia157d ago

Jefferies Adjusts Luxshare Precision Industry's Price Target to 75 Yuan From 73 Yuan, Keeps at Buy

Luxshare Precision Industry (SHE:002475) has an average rating of buy and mean price target of 73.09 yuan, according to analysts polled by FactSet.

SHE:002475

Asia157d ago

Jefferies Adjusts Zhejiang Dingli Machinery's Price Target to 51 Yuan From 48 Yuan, Keeps at Hold

Zhejiang Dingli Machinery (SHA:603338) has an average rating of overweight and mean price target of 58.08 yuan, according to analysts polled by FactSet.

SHA:603338

Asia157d ago

Market Chatter: Taiwan's CPC to Hold Gas, Diesel Prices Steady

Taiwanese state-run CPC will keep gasoline and diesel prices unchanged this week, marking the third straight week of stable pricing amid volatile global oil markets, Focus Taiwan reported.From Monday through April 26, retail fuel prices will remain at NT$32.4, NT$33.9, and NT$35.9 per liter for 92, 95, and 98-octane gasoline, respectively, while diesel stays at NT$31 per liter.The company said it will absorb part of the cost to keep domestic fuel prices below regional levels and help contain inflation pressures, the news outlet 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.)

Taiwan Weighted

Asia157d ago

Jefferies Adjusts Shift's Price Target to 1,200 Yen From 1,400 Yen, Keeps at Buy

Shift (TYO:3697) has an average rating of overweight and mean price target of 1,242.86 yen, according to analysts polled by FactSet.

TYO:3697

Asia157d ago

Jiangsu Kanion Pharmaceutical Gets Greenlight for Rheumatoid Arthritis Drug Trial

Jiangsu Kanion Pharmaceutical (SHA:600557) obtained China's regulatory approval to start phase three clinical trials for Qingshen Tongluo granules.The traditional medicine is indicated for rheumatoid arthritis, according to a filing with the Shanghai bourse.Shares of the pharmaceutical company closed 1% lower Monday.

SHA:600557

Asia157d ago

ISF CEO Resigns, Successor Named; Shares Fall 3%

ISF (BOM:526859) appointed Anil Kumar Verma as chief executive officer, effective April 20, according to a same-day filing on BSE.Verma has 23 years of experience across commercial banking, SME lending, portfolio risk management, supply chain finance and fintech-based B2B lending, the filing said.He succeeds Vishal Dang, who resigned due to personal reasons.Shares of the non-banking finance company fell over 3% in recent trade.

BOM:526859

Asia157d ago

Tokai Rika Postpones Fiscal Year 2026 Results Release Due to Correct Tax Error

Automotive parts maker Tokai Rika (TYO:6995) said it has decided to postpone its consolidated financial results announcement for the fiscal year 2026, originally scheduled for April 24, according to a Tokyo bourse filing on Monday.The delay follows the discovery of an accounting error in the tax treatment of defined benefit obligations from prior fiscal years, which led to overstated deferred tax assets as of March 31, 2025.To correct the issue, the company must revise consolidated and non-consolidated financial statements for fiscal years 2019 through 2025, though the impact on the current fiscal year's results is expected to be immaterial.

TYO:6995

Asia157d ago

Hangzhou Jingye Intelligent Technology Forecasts Jump in 2026 Related Party Transactions

Hangzhou Jingye Intelligent Technology (SHA:688290) forecasts 2026 routine related party transactions of 350 million yuan, up from 14.1 million yuan in 2025.The transactions include purchasing goods and services from CNNC subsidiaries, according to a Monday filing with the Shanghai bourse.Shares of the robot maker rose 1% Monday.

SHA:688290

Asia157d ago

Market Chatter: Indonesia's Pertamina Hikes Price of Non-Subsidized LPG

Indonesian state-owned oil and natural gas company Pertamina has raised the price of non-subsidised LPG, also known as Bright Gas, effective April 18, the Jakarta Globe reported Monday, citing official data.The 5.5 kg cylinder is now priced at 107,000 Indonesian rupiah, up from 90,000 rupiah in the previous adjustment in November 2023. Meanwhile, the 12 kg cylinder has also increased to 228,000 rupiah from 192,000 rupiah.The revised prices apply across several regions including Java, Bali, and West Nusa Tenggara, while higher ranges are set for areas outside Java, reportedly.Energy Minister Bahlil Lahadalia said non-subsidised LPG prices follow market conditions, while the subsidised 3 kg variant remains unchanged to protect lower-income households, the news outlet 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.)

^JKSE

Asia157d ago

Akme Fintrade (India) Raises INR500 Million Through Debenture Allotment

Akme Fintrade (India) (NSE:AFIL, BOM:544200) has raised 500 million Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a filing to the Indian stock exchanges on Monday.The company allotted 50,000 secured, listed, rated, transferable, redeemable, non-convertible debentures of 10,000 rupees each.The debentures will carry a coupon rate of 11.25% per annum and are scheduled to mature on April 20, 2029. They are proposed to be listed on the National Stock Exchange of India.

BOM:544200NSE:AFIL

Asia157d ago

StanChart Buys Back Shares

Standard Chartered (HKG:2888) bought back 831,000 shares on April 17 at an average price of 18.06 pounds sterling apiece, according to a Monday Hong Kong bourse filing.The British lender plans to cancel the shares, following which it will have about 2.22 billion shares in issue.

HKG:2888

Asia157d ago

China Northern Rare Earth to Renew Financial Services Deal With Baogang Group Finance

China Northern Rare Earth (SHA:600111) plans to renew its financial services agreement with Baogang Group Finance for three more years, according to a Shanghai bourse filing on Saturday.The Chinese rare earth products producer's shares jumped over 3% at the close of Monday's trade.Under the new deal, the daily maximum deposit balance is capped at 6.5 billion yuan.

SHA:600111

Asia157d ago

Prudential Buys Back Shares

Prudential (SGX:K6S, HKG:2378) bought back 306,299 shares in London on April 17 at an average price of about 11.06 pounds sterling apiece, according to a Monday Hong Kong bourse filing.The insurer intends to cancel the repurchased shares.Following the transaction, the company will have about 2.52 billion shares in issue.

HKG:2378SGX:K6S

Asia157d ago

South Korean Shares Close Marginally Higher Despite Renewed US-Iran Tensions, Investors Eye Q1 Earnings

South Korean shares closed slightly higher on Monday despite an increase in tensions between the US and Iran after the U.S. Navy destroyer USS Spruance intercepted an Iranian-flagged cargo vessel called Touska near the Strait of Hormuz and Iran issued a warning to the US in the aftermath of the incident.Investors chose to shift their focus on the upcoming first-quarter earnings season instead.The Korea Composite Stock Price Index or Kospi rose 27.17 points, or 0.4%, to end at 6,219.09. The Kosdaq also increased by 4.81 points, or 0.4%, to close at 1,174.85.In corporate news, SK Hynix (KRX:000660) began the mass production of high-capacity 192GB products, which are optimized for Nvidia's Vera Rubin platform, the chipmaker said in a Monday release.The SOCAMM2 192GB (gigabyte) product is a memory module standard that is based on 10-nanometer class 6th generation (1c) LPDDR5X low-power dynamic random access memory.Shares of the chipmaker increased over 3% at market close.In other news, South Korean credit rating firms Korea Ratings, Korea Investors Service, and NICE Investors Service upgraded Hyundai Rotem's (KRX:064350) credit rating to AA- from A+.The upgrades were based on the defense systems manufacturer's strong capability to repay debt, improved earnings, and financial stability.Shares of Hyundai Rotem rose nearly 2% at market close.

KRX:000660KRX:064350

Asia157d ago

EMS Emerges L1 Bidder for UP Jal Nigam Projects Worth Over INR2 Billion; Shares Rally 9%

EMS (NSE:EMSLIMITED, BOM:543983) has emerged as the lowest bidder (L1) for two projects awarded by UP Jal Nigam (Urban), Varanasi, with a combined estimated value of about 2.09 billion Indian rupees, according to an Indian bourse filing on Friday.Shares of the company jumped over 9% in Monday's trade.The first project, valued at 1.44 billion rupees, involves sewer network laying and house connections across multiple wards in Varanasi on a turnkey basis, the filing said. The project is set to be completed in 24 months.The second project, worth 648.5 million rupees, covers sewer network works, house connections and construction of a 23 MLD sewage pumping station, with a completion timeline of 18 months, it added.

BOM:543983NSE:EMSLIMITED

Asia157d ago

Harshdeep Hortico Launches New Product Category

Harshdeep Hortico (BOM:544105) has launched a new product category called rotomoulded decorative water fountains, according to a BSE filing on Monday.The new category has been initially launched in the domestic market with plans for international expansion.It is expected to strengthen the company's market position in the decorative and landscape segment, help to grow its product diversification, and open new growth opportunities in both domestic and export markets.The company's shares were down over 2% in recent trade.

BOM:544105

Asia157d ago

Market Chatter: Indonesian Minister Defends Non-Subsidized Fuel Price Hike Amid Global Pressures

Indonesia's energy minister Bahlil Lahadalia has supported the recent increase in non-subsidized fuel prices, saying they are determined by global oil movements and exchange rate shifts, the Jakarta Globe reported Monday.He noted that premium fuels like high-octane petrol and advanced diesel products are sold under market pricing and are generally used by higher-income consumers, so they are not included in subsidy programs. Several non-subsidized fuel types saw significant price hikes, while regulated subsidized fuels remained unchanged, reportedly.Authorities said fuel pricing is periodically adjusted to reflect changes in international crude oil trends and the value of the rupiah against the US dollar. The government also continues to encourage oil and gas exploration through licensing rounds to strengthen long-term energy supply and investment inflows, the news outlet 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.)

^JKSE

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