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Chint Electrics 2025 Profit Up 16%; Shares Down 3%

Zhejiang Chint Electrics (SHA:601877) posted 2025 attributable net profit of 4.50 billion yuan, up 16% from 3.87 billion yuan the previous year.Earnings per share climbed 2.10 yuan from 1.81 yuan, according to a filing with the Shanghai bourse.Operating revenue declined 8.3% year over year to 59.1 billion yuan from 64.5 billion yuan.Shares of the electrical appliance manufacturer declined 3% in recent trade.

SHA:601877

Asia160d ago

Zhejiang Chint Electrics Q1 Profit Up 9%; Shares Down 3%

Zhejiang Chint Electrics (SHA:601877) posted first-quarter attributable net profit of 1.27 billion yuan, up 8.9% from 1.16 billion yuan the previous year.Earnings per share climbed 0.59 yuan from 0.55 yuan, according to a filing with the Shanghai bourse.Operating revenue rose 46% year over year to 21.3 billion yuan from 14.6 billion yuan.Shares of the electrical appliance manufacturer declined 3% in recent trade.

SHA:601877

Asia160d ago

China Southern Power Grid Energy Storage's Q1 Profit Jumps 21%, Revenue Climbs 19%

China Southern Power Grid Energy Storage's (SHA:600995) net profit attributable to shareholders in the first quarter jumped 21% to 453.8 million yuan from a year-ago profit of almost 374 million yuan, according to preliminary figures published on a Thursday filing on the Shanghai bourse.The Chinese state-owned power company's earnings per share rose 17% year on year to 0.14 yuan from 0.12 yuan.Total operating revenue climbed 19% to 1.85 billion yuan from 1.56 billion yuan in the previous year.

SHA:600995

Asia160d ago

SoftBank Raises Multi-Currency Debt for Refinancing, OpenAI Investment

SoftBank Group (TYO:9984) priced multi-tranche dollar and euro senior notes totaling about 516.8 billion yen to refinance debt and support investments tied to OpenAI, according to a Thursday filing on the Tokyo Stock Exchange.The offering includes 238.5 billion yen equivalent in dollar notes due 2029, 2031 and 2036, with coupons ranging from 7.625% to 8.5%.The company also includes about 328.3 billion yen equivalent in euro notes due 2030, 2032 and 2034, carrying interest rates between 6.375% and 7.375%.Proceeds will go toward redeeming existing foreign-currency notes and partly repaying a bridge loan, primarily linked to follow-on investments in OpenAI.

TYO:9984

Asia160d ago

Botanix Signs Term Sheet With Second Active Pharmaceutical Ingredient Supplier; Shares Jump 6%

Botanix Pharmaceuticals (ASX:BOT) agreed to terms with PPL Pharma Solutions Riverview for a proposed manufacturing and supply arrangement for Sofdra, the company's treatment for primary axillary hyperhidrosis, or excessive underarm sweating, according to a Thursday Australian bourse filing.Under the terms, PPL Pharma will start development services and serve as an alternate commercial supplier of sofpironium bromide, the active pharmaceutical ingredient in Sofdra.The technical transfer will start immediately, and the companies will negotiate a definitive commercial active pharmaceutical ingredient supply agreement, the filing said. The establishment of an alternate supplier is anticipated to provide a potential reduction of 25% to 40% in the cost of goods sold and increase gross profit.Botanix Pharmaceuticals' shares jumped nearly 6% in recent trading on Thursday.

ASX:BOT

Asia160d ago

Market Chatter: Isuzu, Toyota Target Light-Duty Fuel Cell Trucks for 2027

Isuzu Motors (TYO:7202) is developing a light-duty fuel cell truck with Toyota Motor (TYO:7203), targeting mass production in fiscal 2027 as limited hydrogen infrastructure favors smaller vehicles, Nikkei reported Thursday.The model will be based on Isuzu's Elf EV and use Toyota's fuel cell system, allowing access to more refueling stations, according to the report.Isuzu has delayed a heavy-duty fuel cell truck being developed with Honda Motor, citing a shortage of refueling stations capable of supporting larger vehicles, the report said.Japan had 148 hydrogen stations as of November 2025, with relatively few operating round the clock, a constraint for logistics use, according to the report.Isuzu said light-duty trucks can use far more stations than heavy-duty models, making them more viable for early rollout, the report 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.)

TYO:7202TYO:7203

Asia160d ago

Octopus (APAC) Concludes Liquidation of Wish Hospitality

Octopus (APAC) (SGX:43A) concluded the creditors voluntary liquidation of subsidiary, Wish Hospitality, according to a Wednesday filing with the Singapore Exchange.Shares of the food and beverage company were down nearly 2% in Thursday trading.Meanwhile, Wish Health Management was also reregistered from the Shanghai Municipal Administration for Market Regulation.An amount of 22 million yuan held in the bank account of Wish Shanghai was retained by the local authorities, with the company instructing its lawyers in China to follow up with relevant authorities.

SGX:43A

Asia160d ago

Toridoll Unit to File for Restructuring in UK amid Cost Pressures

Toridoll (TYO:3397) will pursue restructuring proceedings for a UK subsidiary operating the Franco Manca pizza brand to improve profitability, according to a Thursday filing on the Tokyo Stock Exchange.The plan involves filing for a company voluntary arrangement to revise lease terms for underperforming stores and optimize the portfolio.The move follows a weaker-than-expected recovery after the 2023 acquisition of Fulham Shore, as inflation, higher energy and food costs, and rising wages weighed on margins.The subsidiary had total liabilities of about 6.0 billion yen as of end-March 2025.

TYO:3397

Asia160d ago

King Jim Rolls Out Japan Design Collection for Tourists

King Jim (TYO:7962) will release its Japan Design Collection in June, featuring Japan-themed stationery positioned as souvenirs for visitors, according to a company announcement.The lineup includes chopstick-style pens with origami sleeves, slim card wallets with traditional motifs, and privacy rollers with designs such as Mt. Fuji.The collection marks the company's first push targeting tourists, as inbound travel lifts demand for Japanese stationery known for design and variety, according to a Thursday Nikkei report.

TYO:7962

Asia160d ago

Cota Says Cyberattack Was Ransomware, No Data Leak Confirmed

Cota (TYO:4923) said a recent system disruption was caused by a ransomware attack, with no data leakage confirmed, according to a delayed Thursday filing on the Tokyo Stock Exchange.The company said it isolated affected systems and disconnected networks to contain the incident. Operations including production, orders and shipments continue as normal.

TYO:4923

Asia160d ago

Activist Investor Urges Daikin to Lift Margins, Boost Shareholder Returns

Elliott Investment Management and Elliott Advisors (UK) said Daikin Industries (TYO:6367) is undervalued and urged the Japanese firm to improve performance in its upcoming midterm plan, according to a Thursday statement.The activist investor called for measures to expand margins, enhance shareholder returns and review non-core businesses.Elliott said it aims to work with the company to deliver a credible plan that narrows performance and valuation gaps with peers.

TYO:6367

Asia160d ago

Market Chatter: Japan, EU Firms Deepen Defense Ties as Geopolitical Risks Rise

Japanese and European companies plan to join a new framework linking the two sides' defense industries, as geopolitical tensions drive efforts to secure supply chains, Nikkei reported Thursday.The initiative will be discussed at the first Japan-EU defense industry dialogue on Friday, with nearly 20 European participants including Airbus, Thales, Dassault Systemes, Leonardo, Saab and PGZ, alongside about 30 Japanese companies and organizations such as Subaru (TYO:7270), Hitachi (TYO:6501), IHI (TYO:7013), Mitsubishi Corp. (TYO:8058) and Sumitomo Corp (TYO:8053), according to the report.European officials are seeking collaboration with Japanese firms on dual-use technologies and other capabilities to reinforce regional supply chains, while Japanese companies view Europe as a gateway for global expansion, the report said.The talks come as the EU looks to reduce reliance on the U.S. for security and expand partnerships, while Japan positions defense as a key growth sector and aims to access European funding frameworks, according to the report.(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.)

Nikkei 225TYO:6501TYO:7013TYO:7270TYO:8053TYO:8058

Asia160d ago

Kerjaya Prospek Seeks Renewal of Share Buyback Mandate

Kerjaya Prospek (KLSE:KERJAYA) is seeking its shareholders' approval to renew authority to repurchase the issued shares in the company's upcoming annual general meeting, according to a Wednesday Malaysian bourse filing.Shares gained over 1% in Thursday's midday trade.The construction company will share a statement containing details of the repurchase plan with shareholders in due time, it noted.

KLSE:KERJAYA

Asia160d ago

Evolution Mining's March Quarter Results 'Mixed' With Gold Production in Line With Expectations, Jarden Says

Evolution Mining's (ASX:EVN) March quarter results were "mixed" with gold production in line with Jarden's estimate but slightly below consensus, while copper output beat the research firm's estimate but remained more than 20% below consensus, said Jarden in a Wednesday note.The company on Wednesday reported group production of 170,137 ounces of gold for the March quarter, down from 179,778 ounces of gold for the March 2025 quarter.Jarden expects the company to report 3.26 billion operating earnings before interest, taxes, depreciation, and amortization (EBITDA) in fiscal 2026 with operating revenue of AU$5.63 billion.The research firm added that Capricorn Metals (ASX:CMM) remains its sector preference on relative and absolute value, the "strongest" growth profile, and "sector-leading" management.Jarden maintained its underweight rating on Evolution Mining and increased its price target to AU$8.60 from AU$8.50.The company's shares fell almost 5% in recent Thursday trade, while Capricorn Metals' shares shed about 3%.

ASX:CMMASX:EVN

Asia160d ago

Yangzijiang Shipbuilding Sets Up Unit for Vessel Delivery, Repair Operations in Jiangsu, China

Yangzijiang Shipbuilding (SGX:BS6) established a subsidiary in Jiangsu Province, China, named Jiangsu Yangzi Hongda Shipbuilding and Repair, according to a Wednesday filing with the Singapore Exchange.Shares of the shipbuilding and repair company were up over 1% in Thursday trading.The new subsidiary has a registered capital of $100 million and will undertake the development and operation of facilities for large vessel delivery, repair and conversion services.The capital contribution will be carried out through internal resources, the filing added.

SGX:BS6

Asia160d ago

Hainan Airlines' Passenger Capacity Rises 6% in March

Hainan Airlines' (SHA:600221, SHA:900945) available seat kilometers, which measure passenger capacity, rose 5.9% year on year to 13.5 billion passengers in March, according to a Thursday filing on the Shanghai bourse.The revenue passenger kilometers jumped 9.2% from a year earlier to 11.5 billion yuan.The company's cargo and mail volume climbed 3.2% year on year to 46,850 tons.

SHA:600221SHA:900945

Asia160d ago

HD Hyundai Heavy Industries Wins KRW398.5 Billion Pure Car and Truck Carriers Order; Shares Rise 4%

HD Hyundai Heavy Industries (KRX:329180) won an order for pure car and truck carriers from a European shipping company, according to a Thursday filing with the Korean Exchange.The deal is valued at 398.5 billion won. The shipbuilder will deliver the vessels by March 31, 2029.Shares of HD Hyundai Heavy Industries rose nearly 4% in recent trade.

KRX:329180

Asia160d ago

Nufarm's Fiscal H1 Update 'Encouraging,' But Shares Already Priced for Improvement, Jefferies Says

Nufarm's (ASX:NUF) pre-announcement of a fiscal first-half 2026 earnings before interest, taxes, depreciation, and amortization range of AU$236 million to AU$244 million was an "encouraging" update, pointing to positive momentum into April and the normal operations of supply chains, Jefferies said in a Wednesday note."While positive, leverage remains high (1H26e: 3.6x) for a business with volatile earnings, and we would like to see more evidence of stabilization in [crop protection] markets given pressured farmer profitability," the equity research firm said.It added that Nufarm's Omega-3 break-even costs are still higher than fish oil equivalent pricing, indicating continued margin pressure for the company's growth platform, but full deregulation, potentially from 2028, could improve the cost profile.Jefferies maintained a hold rating on the company, saying that it is advancing in the right direction but its shares are already priced for improvement. The equity research firm also raised its price target on the company's shares to AU$2.66 from AU$2.58 based on a sum-of-the-parts valuation."Overall, we see better opportunities in other industrial cyclical names with better returning businesses and less volatile earnings profiles," Jefferies said.Nufarm's shares were up almost 2% in recent Thursday trade.

ASX:NUF

Asia160d ago

Jiangsu Lopal Tech Expects Q1 Profit; Shares Up 19%

Jiangsu Lopal Tech (SHA:603906, HKG:2465) said it expects 200 million yuan to 250 million yuan in attributable profit for the first quarter of 2026, a turn around from 25.9 million yuan loss in the same quarter of 2025, according to a Hong Kong bourse filing Wednesday.Shares of the automotive specialty chemicals seller gained over 19% in late morning Hong Kong trade Thursday.Operating revenue is expected to rise 107.5% to 126% to 3.30 billion yuan to 3.60 billion yuan, the firm said.The firm attributed the turn around to a growth in its lithium iron phosphate business.

HKG:2465SHA:603906

Asia160d ago

InnoTek Completes SG$16 Million Private Placement

InnoTek (SGX:M14) raised SG$16 million through the private placement of 24.6 million shares at SG$0.6506 each, according to a Wednesday filing with the Singapore Exchange.Shares of the precision components manufacturer were down over 1% in Thursday trading.Proceeds will be deployed for initiatives in AI server components, liquid cooling, and new energy.Separately, the company's chief executive officer, Lou Yiliang, will undertake a vendor share sale on April 20, selling 6.15 million shares at SG$0.6506 each to raise about SG$4 million.

SGX:M14

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