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Nifco to Book 7.6 Billion Yen Dividend Income from Korean Unit

Nifco (TYO:7988) said it will record about 7.64 billion yen in dividend income from its consolidated subsidiary in its non-consolidated financial statements for the fiscal year ended March 2026, according to a Friday filing on the Tokyo Stock Exchange.The company said the dividend will be paid by Nifco Korea, with receipt expected by April 30. Nifco said the dividend will be booked as non-operating income in its non-consolidated results.

TYO:7988

Asia160d ago

Netwealth's FUA Net Flows in Fiscal Q4 Likely to See Seasonal Step-up, Jarden Says

Netwealth Group's (ASX:NWL) funds under administration (FUA) net flows are likely to see a seasonal step-up in the fiscal fourth quarter, which would see the fiscal 2026 outcome tracking slightly ahead of its guidance range, Jarden said in a Thursday note.It raised its earnings-per-share forecasts by 0.1% for fiscal 2026, 1.5% for fiscal 2027, and 1.6% for fiscal 2028.Jarden also flagged the risk of higher cost growth due to the enforceable undertaking, regulatory scrutiny, and recent treasury consultations.The investment firm retained its neutral recommendation on Netwealth Group and raised the price target to AU$25.70 from AU$25.35.Netwealth Group's shares gained 1% in recent Friday trade.

ASX:NWL

Asia160d ago

CDL Hospitality REIT Issues Stapled Securities as Payment of Management Fee

CDL Hospitality REIT (SGX:J85) issued 5.5 million stapled securities to its manager, H-REIT Manager and HBT Trustee-Manager as payment of management fee for 2025, according to a Friday filing with the Singapore Exchange.Nearly 5 million stapled securities were issued to the H-REIT Manager at SG$0.8199 per security as 80% payment of its performance fee for 2025.Meanwhile, 535,179 securities were issued to HBT Trustee-Manager at SG$0.8199 per security as payment of 80% of performance fee for 2025.

SGX:J85

Asia160d ago

Syntara's Myelofibrosis Drug Candidate Shows 'Significant' Commercial Potential, Euroz Hartleys Says

Syntara's (ASX:SNT) Amsulostat drug candidate has a "unique" position in the myelofibrosis landscape and "significant" commercial potential, Euroz Hartleys said in a Thursday note.Myelofibrosis is a blood cancer characterized by scar tissue formation or fibrosis in the bone marrow.Dr Adam Craig, Syntara strategic adviser and an industry leader in myelofibrosis, noted Amsulostat's mechanism targeting fibrosis, with the potential as a disease-modifying therapy, rather than just a symptomatic treatment.Craig said that Amsulostat's safety profile differs from current therapies and is unaware of any other drug taking a similar approach.Additionally, Craig said that Amsulostat's mechanism requires time for effect, as fibrosis evolves gradually. Patient responses observed at six months are complemented by a continuing improvement over time.Euroz Hartleys reaffirmed its speculative buy recommendation and AU$0.22 price target on Syntara.Syntara shares fell 1% in afternoon trade on Friday.

ASX:SNT

Asia160d ago

Newmont Says New South Wales Operation Sustain No Significant Damage After Earthquake

Newmont (ASX:NEM) said there were no injuries at its Cadia operation in New South Wales after a magnitude 4.5MLa earthquake struck the area, and inspections indicated that there was damage to certain underground areas, but it was not significant, according to a Friday Australian bourse filing.All safety protocols were activated immediately at the time of the earthquake, and underground personnel were moved to designated safe areas. All workers safely returned to the surface over the following hours.No damage was identified at surface infrastructure, including tailings facilities and dams. Based on current assessments, near-term production is not expected to be impacted.

ASX:NEM

Asia160d ago

Zhongce Rubber's 2025 Profit Rises 10%, Revenue Jumps 15%; Shares Down 3%

Zhongce Rubber Group's (SHA:603049) net profit attributable to shareholders in 2025 rose 9.5% to 4.15 billion yuan from 3.79 billion yuan a year earlier, according to a Shanghai bourse filing on Friday.Earnings per share climbed 2.9% year on year to 4.95 yuan from 4.81 yuan.Operating revenue jumped 15% to almost 45 billion yuan from 39.3 billion yuan in the previous year.The automotive tire manufacturer's shares dropped less than 3% during the morning trade.

SHA:603049

Asia160d ago

Datang Renewable Power Completes 1 Billion Yuan Bond Issuance

China Datang Renewable Power (HKG:1798) completed the issuance of its second tranche of renewable corporate bonds for 2026, raising 1 billion yuan, according to a Thursday Hong Kong bourse filing.Shares of the power supplier were down over 1% in Friday morning trade.The bonds have a three-year term and carry an interest rate of 1.79%, with interest accruing from Thursday.Proceeds will be used for productive expenses, including repayment of interest-bearing debt, working capital, and project investment.

HKG:1798

Asia160d ago

Eneco Energy Forecasts Minimal Financial Impact from Rising Energy Costs

Eneco Energy (SGX:R14) expects minimal financial impact from rising fuel costs, since costs are passed through to customers under existing contractual arrangements tied to pre-determined fuel prices.The renewable energy and logistics company is also looking to expand its Richland Logistics Services with a target to increase the fleet size of its electric vehicles.Meanwhile, the company reported a rise in airborne trade volumes due to time-sensitive logistics needs.

SGX:R14

Asia160d ago

Eden Innovations Launches Defence-Focused Business Division, Shares Rise 22%

Eden Innovations (ASX:EDE) said it has launched EdenShield, a new business division focused on the commercialization of its technologies for defense, military, and critical infrastructure sectors, according to a Friday Australian bourse filing.The company said the unit will market its EdenCrete range of carbon nanotube (CNT) enhanced concrete admixtures for use in manufacturing ultra-high performance concrete, along with CNT-infused high-strength lightweight plastics and a dual-fuel diesel system for backup power generation.Eden Innovations said EdenShield will also focus on a range of CNT-enriched paints and coatings offering electromagnetic pulse and radiofrequency shielding capabilities, along with a pipeline of next-generation CNT-based polymers, coatings, and radiation-absorbent materials with potential military and aerospace applications.Eden Innovations' shares surged 22% in recent Friday trade.

ASX:EDE

Asia160d ago

Tongfu Microelectronics 2025 Profit Up 80%, Revenue Climbs 17%

Tongfu Microelectronics (SHE:002156) posted 2025 attributable net profit of 1.22 billion yuan, up 80% from 677.6 million yuan the previous year.Earnings per share rose to 0.80 yuan from 0.45 yuan, according to a Friday filing with the Shenzhen bourse.Operating revenue went up 17% year over year to 27.9 billion yuan from 23.9 billion yuan.Shares of the integrated chip manufacturer rose 1% in recent trade.

SHE:002156

Asia160d ago

Silkwave Eyes Aerospace, Satellite Partnership with SolsticeX; Shares Surge 37%

Silkwave (HKG:0471) entered into a memorandum of understanding with SolsticeX to explore cooperation in the aerospace and satellite sectors, according to a Thursday Hong Kong bourse filing.Shares of the media and transmission business were up over 37% in Friday morning trade.The parties will assess opportunities in satellite communications, aerospace technology, market development, and financing, with 90 days of exclusive discussions.SolsticeX operates in multimedia broadcasting, satellite, and wireless transmission, with a focus on ASEAN markets.

HKG:0471

Asia160d ago

Shenzhen Energy's 2025 Profit Rises 5%, Revenue Climbs 6%

Shenzhen Energy Group's (SHE:000027) net profit attributable to shareholders in 2025 rose 4.9% to 2.10 billion yuan from 2.01 billion yuan a year earlier, according to a Shenzhen bourse filing on Friday.Earnings per share jumped 11% year on year to 0.31 yuan from 0.28 yuan.The Chinese power company's operating revenue increased 5.9% to 43.4 billion yuan from 41.2 billion yuan in the previous year.

SHE:000027

Asia160d ago

Kore US REIT's NPI Up 14% in in Q1

Kore US REIT's (SGX:CMOU) net property income or NPI jumped 14% in the first quarter of the year to $22.3 million from $19.7 million a year earlier, according to a Friday filing with the Singapore Exchange.Income available for distribution was up 4.3% to $10.0 million from $9.6 million in the year-ago period.Gross revenue rose 5.1% year over year to $38.7 million from $36.9 million.Portfolio occupancy stood at 85.1%, backed by positive rental reversion of 0.8%.

SGX:CMOU

Asia160d ago

Chengchang Tech Returns to Profit in 2025

Zhejiang Chengchang Technology (SHE:001270) returned to profit in 2025, posting net profit attributable to shareholders of 117.1 million yuan, or 0.56 yuan per share, according to a Shenzhen bourse filing on Friday.The attributable loss a year earlier was 31.1 million yuan, or 0.15 yuan per share.Operating revenue jumped 91% to 404.6 million yuan from 211.5 million yuan in the previous year.The chip manufacturer company's shares fell less than 2% during the morning trade.

SHE:001270

Asia160d ago

Grace Fabric Technology Q1 Profit Jumps 354%; Shares Up 4%

Grace Fabric Technology (SHA:603256) posted first-quarter attributable net profit of 140.2 million yuan, up 354% from 30.9 million yuan the previous year.Earnings per share rose to 0.16 yuan from 0.04 yuan, according to a Friday filing with the Shanghai bourse.Operating revenue went up 80% year over year to 442.1 million yuan from 246.0 million yuan.Shares of the glass fabric products company rose 4% in recent trade.

SHA:603256

Asia160d ago

Boyaa Interactive to Buy 10 Bitcoins

Boyaa Interactive International (HKG:0434) is foregoing a previous plan to acquire up to $70 million in cryptocurrencies and instead entered into an agreement to buy 10 Bitcoins, according to a Hong Kong bourse filing Thursday.Shares of the online card and board games company fell over 1% in morning trade Friday.The firm is buying the bitcoins from Liquidity Technology for $749,000.The acquisition is subject to shareholder approval and is scheduled to be completed by June 29.

HKG:0434

Asia160d ago

Ganfeng Lithium Group Forecasts Return to Profitability in Q1 2026

Ganfeng Lithium Group (HKG:1772) said it expects 1.6 billion yuan to 2.1 billion yuan in attributable profit for the first quarter of 2026, swinging from a loss of 355.8 million yuan in the prior-year quarter, according to a Hong Kong bourse filing Thursday.Shares of the lithium battery maker fell over 1% in morning trade Friday.Basic earnings per share are expected to be 0.77 yuan to 1.01 yuan, compared with a loss of 0.18 yuan per share in the prior year period.The firm attributed the turnaround to a rise in demand for its products and higher selling prices for lithium salt products.

HKG:1772

Asia160d ago

Smart-Core Adopts New Incentive Scheme

Smart-Core (HKG:2166) adopted a new share award scheme effective Thursday and terminated its 2016 scheme, according to a same-day Hong Kong bourse filing.Shares of the integrated circuit and electronic component wholesaler were down nearly 1% in Friday morning trade.The 2026 scheme will allow awards of up to 10% of the company's issued shares as of the adoption date.Residual shares from the 2016 scheme, including 31.4 million ungranted shares, will be transferred to the new plan, while 4 million previously awarded but unvested shares will remain valid.

HKG:2166

Asia160d ago

HD Korea Shipbuilding Secures KRW674.7 Billion Order for Four Very Large Gas Carriers

HD Korea Shipbuilding & Offshore Engineering (KRX:009540) secured an order for four very large gas carriers (VLGCs) from an unnamed Middle Eastern shipping company.The deal is valued at 674.7 billion won. The shipbuilder will deliver the vessels by Nov. 30, 2029, according to a Friday filing with the Korean Exchange.Shares of HD Korea Shipbuilding & Offshore Engineering rose more than 1% in recent trade.

KRX:009540

Asia160d ago

Strike Energy's Spud of Walyering West-1 in Western Australia Deemed 'Near-Term, High-Impact' Catalyst, Euroz Hartleys Says

Strike Energy's (ASX:STX) spudding of the Walyering West-1 exploration well in Western Australia is deemed a "near-term, high-impact" catalyst for the company with its proximity to infrastructure and potential to extend the life of its producing asset, Euroz Hartleys said in a Thursday note.The company recently started drilling at the well to test a 46-petajoule 2U prospective resource within a proven hydrocarbon system, with total depth planned at about 3,639 meters measured depth rotary table.Drilling will last about 20 days, with initial results expected in early May, the financial services firm said.If successful, the well can be tied back to the existing Walyering processing facility for commercialization, potentially within 12 months.Additionally, the project has the potential to extend the production life of the Walyering gas field by five to seven years.Euroz Hartleys reaffirmed its buy recommendation and AU$0.21 price target on Strike Energy.

ASX:STX

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