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Globtier Infotech CFO Resigns; Shares Jump 5%

Globtier Infotech (BOM:544494) said Chief Financial Officer Sandeep Gupta has resigned to pursue opportunities outside the company, according to a Thursday filing on BSE.Shares of the company rose 5% in Friday's trade.He will continue in the role till May 13, the company said in the filing.

BOM:544494

Asia160d ago

Market Chatter: CATL Market Cap Surpasses PetroChina

Contemporary Amperex Technology's (SHE:300750, HKG:3750) market value surpassed that of PetroChina (HKG:0857, SHA:601857) at one point as investors bet more on the battery maker due to the war in Iran, Bloomberg News reported Thursday.The change comes as the world's largest battery maker announced plans to expand in the critical minerals sector.CATL is now China's third-largest onshore stock, according to the report.Toward the end of 2025, PetroChina's market value surged over CATL as oil prices surged on the start of the war, the report said.The oil producer's value slipped amid talks of a truce between the U.S. and Iran, Bloomberg 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.)

HKG:0857HKG:3750SHA:601857SHE:300750

Asia160d ago

Market Chatter: Indonesia Plans Higher Capital for Brokers, Fund Managers

Indonesia's financial regulator plans to raise minimum capital requirements for securities firms and some asset managers, aiming to reduce risks of market manipulation and strengthen investor confidence, Reuters reported Thursday, citing an official.The Financial Services Authority will introduce a tiered system where firms with higher capital can offer a wider range of services, while smaller players will face tighter limits.Under the changes, the minimum capital for the smallest brokerage firms will be doubled to 1 billion Indonesian rupiah, with top-tier firms required to hold significantly more. Asset managers offering full services will also face higher capital and asset thresholds.The move follows concerns raised by MSCI earlier this year about the transparency and accessibility of Indonesia's stock market. Authorities also plan stricter compliance requirements for certain firms, after data showed a notable share of market manipulation cases involved brokers or their executives.(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

Asia160d ago

Rail Vikas Nigam Emerges L1 Bidder for East Coast Railway Project Worth INR9.68 Billion; Shares up 3%

Rail Vikas Nigam (NSE:RVNL, BOM:542649) has emerged as the lowest bidder (L1) for an East Coast Railway project worth 9.68 billion Indian rupees, according to an Indian bourse filing on Thursday.Shares of the company rose over 3% in Friday's trade.The project involves third and fourth line construction between Nergundi-Barang and Khurda Road-Vizianagaram section and covers construction of multiple major bridges on the Bhadrak-Vizianagaram section on an EPC basis, the filing said.The project is scheduled to be completed in three years, it added.

BOM:542649NSE:RVNL

Asia160d ago

Tipco Engineering India's CFO Resigns

Tipco Engineering India (BOM:544740) said Chief Financial Officer Neha Sharma has resigned, effective April 16, to pursue opportunities outside the company, according to a same-day filing on BSE.Shares of the company rose 2% in Friday's trade.

BOM:544740

Asia160d ago

CCI Group Banking Subsidiary Logs 6.56 Billion Yen in Unrealized Securities Losses

CCI Group's (TYO:7381) major consolidated subsidiary, Hokkoku Bank, has logged total unrealized losses of 6.56 billion yen on held-to-maturity securities as of the end of the fiscal year 2025, according to a Tokyo bourse filing on Friday.The book value of the affected securities stood at 171.1 billion yen, compared to a market value of 164.6 billion yen during the year ended March 31, the filing showed.The unrealized loss represents about 53% of the group's consolidated ordinary income and 81% of attributable net income for the fiscal year 2024.Despite the substantial unrealized losses, the company confirmed that this matter will have no impact on either the consolidated earnings forecast or the annual dividend forecast for the fiscal year ended March 31.

TYO:7381

Asia160d ago

Hong Fok Buys Back More Shares

Hong Fok (SGX:H30) bought back 100,000 shares in the open market on Friday for around SG$98,160, according to a same-day after-market filing with the Singapore Exchange.To date, the property investment company has bought back over 12.7 million shares.

SGX:H30

Asia160d ago

Chongqing Gas Logs Narrower Loss in Q1

Chongqing Gas Group (SHA:600917) recorded a net loss of 33.1 million yuan in the first quarter of 2026, narrower than 47.3 million yuan a year prior, according to a Friday Hong Kong bourse filing by parent China Resources Gas Group (HKG:1193).The natural gas distributor's revenue slipped to 2.63 billion yuan from 2.75 billion yuan in the year-ago period.

HKG:1193SHA:600917

Asia160d ago

Takeuchi Mfg. Proposes Year-End Dividend of 210 Yen Per Share, Up from Previous Year

Construction machinery maker Takeuchi Mfg. (TYO:6432) will propose to pay a year-end dividend of 210 yen per share at its next shareholders meeting on May 28, which is higher than the 200 yen paid a year ago.The total dividend amount is expected to be 9.72 billion, payable from May 29, and will be sourced from retained earnings, while maintaining working capital equivalent to 2 to 2.5 months of sales, according to a Tokyo bourse filing on Friday.The company aims for a consolidated dividend payout ratio of 40% and plans to gradually increase that ratio, while also considering agile share buybacks based on share price levels and capital efficiency.

TYO:6432

Asia160d ago

Market Chatter: Oil Price Surge May Drive 3.5 Million Filipinos into Poverty

Rising global oil prices could push about 3.5 million Filipinos into poverty if the Middle East crisis continues, BusinessMirror reported Thursday, citing a policy note by the Philippine Institute for Development Studies (PIDS).The think tank said the impact depends on how much higher fuel costs are passed through to transport, food, and utility prices. In a worst-case scenario, where oil reaches $145 per barrel and pass-through is high, the poverty rate could climb to 16.3%, reportedly.PIDS said low-income households would be hit the hardest as they spend a larger share of their income on essentials like food. It added that targeted cash transfers would be more effective than fuel tax cuts in shielding vulnerable groups, 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.)

^PSEI

Asia160d ago

Local Chinese Tech Companies Gear Up for Government Support Boost, S&P Says

Domestic Chinese technology companies should see greater government support amid a push for self-sufficiency in the country, S&P Global Ratings said in a recent release.Upstream technology hardware sectors, especially those linked to the semiconductor and AI supply chains, will benefit most from such a government push, credit analyst Clifford Kurz said.Chip production, semiconductor equipment manufacturing, and advanced packaging are some of the lines that will gain from increased support, S&P said.China's five-year plan, which aims at boosting strategically important areas and weak supply chain links, should raise bank lending to the high-tech sector to about 24.8 trillion yuan by 2027 or a compounded annual growth rate of about 10%, S&P said.The support will range from funding access, tax breaks, and protectionist or targeted demand, according to S&P.

Shanghai Composite^SZSE

Asia160d ago

Marco Polo Marine's Key Employees to Subscribe to Shares in PKR Offshore

Marco Polo Marine (SGX:5LY) said certain key employees are looking to subscribe to 1.3 million shares in PKR Offshore for NT$26.9 million, according to a Friday filing with the Singapore Exchange.PKRO is 49% indirectly held by the company and focuses on offshore wind farm support, and is also targeting a listing on the Taiwan bourse.The subscribers will subscribe for PKRO shares at an issue price of NT$21 per share.Following the completion of the subscription, the company's stake in PKRO will reduce to 46.5%.

SGX:5LY

Asia160d ago

MTQ Flags Net Loss in Fiscal H2, Fiscal 2026

MTQ (SGX:M05) expects to book a net loss for the fiscal second half and 12 months ended March 31 and fiscal second half ended March 31, according to a Friday filing with the Singapore Exchange.The oilfield engineering company says it is likely to recognize a goodwill impairment charge in its financials during these periods despite the overall losses.

SGX:M05

Asia160d ago

Pulike Biological Engineering Gets Approval for Dog Vaccine

Pulike Biological Engineering (SHA:603566) received regulatory approval for its canine distemper and parvovirus combined live vaccine.The veterinary drug was developed with subsidiaries Huizhong Biotechnology and Huizhong Animal Health, according to a Friday filing with the Shanghai bourse.Shares of the veterinary biological products manufacturer closed 2% lower Friday.

SHA:603566

Asia160d ago

R&F Properties Logs 1.44 Billion Yuan in March Contracted Sales

Guangzhou R&F Properties (HKG:2777) recorded contracted sales of around 1.44 billion yuan in March, with a gross floor area (GFA) of 163,800 square meters, according to a Friday Hong Kong bourse filing.In the first quarter of 2026, contracted sales and GFA reached approximately 2.91 billion yuan and 316,000 square meters, respectively.

HKG:2777

Asia160d ago

Hang Xiao Steel Structure Restructures Capital of Two Subsidiaries

Hang Xiao Steel Structure (SHA:600477) approved a capital reduction of 100 million yuan for wholly-owned subsidiary Intelligent Manufacturing, trimming its registered capital to 600 million yuan.The company will also inject 35 million yuan into Bozhou Hangxiao, raising its capital to 280 million yuan, according to a Friday filing with the Shanghai bourse.The moves aim to optimize resource allocation and boost operational efficiency.Intelligent Manufacturing posted losses in 2024 and 2025, while Bozhou Hangxiao swung to a profit of 7.8 million yuan in 2025.Shares of the steel structure building developer closed 2% lower Friday.

SHA:600477

Asia160d ago

Bajaj Housing Finance Raises INR10 Billion Through Debenture Allotment; Shares Up 3%

Bajaj Housing Finance (NSE:BAJAJHFL, BOM:544252) has raised 10 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a Friday filing to the Indian stock exchanges.The company allotted 100,000 non-convertible debentures at a face value of 100,000 each with a coupon rate of 7.25% per annum.The debentures are proposed to be listed on the wholesale debt market segment of the BSE and mature on Jan. 22, 2029.The company's shares were up nearly 3% in recent trade.

BOM:544252NSE:BAJAJHFL

Asia160d ago

Mencast to Issue SG$3 Million Worth of Bonds to Economic Development Innovations Singapore

Mencast (SGX:5NF) said it will issue unsecured convertible bonds worth SG$3 million to Economic Development Innovations Singapore, according to a Friday filing with the Singapore Exchange.The bonds can be converted into new fully paid-up ordinary shares of the company, the filing said.Proceeds raised from the issuance will be utilized for business transformation initiatives and for working capital needs.

SGX:5NF

Asia160d ago

Market Chatter: Chinese EV Manufacturers Seen to Benefit from Iran War

German buyers are keen to purchase Chinese electric car brands due to rising fuel prices, Reuters reproted Thursday, citing online marketplace Carwow.Purchase queries for BYD (HKG:1211, SHE:002594) saw the fastest surge at 135% during the first quarter, the report said.Potential buyers showed most interest in BYD's electric-powered SUVs and the cheap Dolphin hatchback, the report said.Aside from BYD, other Chinese car manufacturers such as SAIC Motor's (SHA:600104) MG are seen to benefit the most from higher pump prices due to the Iran war, according to Reuters, citing the platform.(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^SZSEHKG:1211SHA:600104SHE:002594

Asia160d ago

Malaysian Shares End Week in Green on Hopes of US-Iran Diplomatic Progress

Malaysian shares rebounded on Thursday, as investors reacted to renewed optimism over a possible de-escalation in hostilities between the US and Iran.The FTSE Bursa Malaysia KLCI gained 5.50 points to end 0.3% higher at 1,695.21. The day range was between 1,682.88 and 1,696.39.In economic news, Malaysia's economy expanded by 5.3% in the first quarter, easing from the 6.3% growth recorded in the previous quarter, according to advance estimates from the Department of Statistics.Meanwhile, Malaysia's consumer price index rose 1.7% annually in March, up from 1.6% in February, the Statistics Department said. The latest reading was below the 1.8% growth forecast by Trading Economics.In local news, Malaysia will introduce the B15 biodiesel blend gradually to prevent disruptions to the existing fuel supply chain, The Star reported, citing Economy Minister Akmal Nasrullah Mohd Nasir. He said the gradual approach is necessary to ensure blending operations can be adjusted smoothly, particularly at fuel blending centres, without requiring major infrastructure upgrades at the initial stage.In corporate news, shares of Gamuda (KLSE:GAMUDA) gained over 1% on Friday's close after it secured a deal worth 1.72 billion ringgit to build a hyper-scale data centre in Port Dickson, Negeri Sembilan, Malaysia, for a US-headquartered multinational technology company.

FTSE Bursa Malaysia KLCIKLSE:GAMUDA

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