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Ichigo's Full-Year Net Income Rises 9.5%

Ichigo's (TYO:2337) net income rose 9.5% to 16.6 billion yen for the fiscal year ended Feb. 28 from 15.2 billion yen a year earlier.The real estate company's net income per share increased to 40.01 yen from 34.79 yen a year ago, according to a Tokyo bourse filing on Tuesday.Revenue jumped 11% to 92.7 billion yen from 83.6 billion yen in the prior year.For the fiscal year ending Feb. 28, 2027, the company expects attributable profit of 18 billion yen, net income per share of 45.13 yen, and operating profit of 20.6 billion yen.In a separate filing, Ichigo raised its Dividend on Equity (DOE) target from over 4% to over 5%.In line with this higher target, the company forecasts to pay a year-end dividend of 15.50 yen per share for the current year, which is higher than the 11.50 yen per share paid in the year-ago period.

TYO:2337

Asia162d ago

Zhongzhu Healthcare Directors Elect Chairman, Vice Chairman

Zhongzhu Healthcare (SHA:600568) directors elected Wu Shichun as chairman and Chen Xu as vice chairman, according to a Tuesday disclosure to the Shanghai Stock Exchange.Shares closed 3% lower on Tuesday.

SHA:600568

Asia162d ago

Foyou Pharma Gets China Approval for Diabetes Drug

China's drug regulator approved Beijing Foyou Pharma's (SHA:601089) glquidone tablets for type 2 diabetes, according to a Tuesday filing with the Shanghai bourse.The drug is indicated for use together with diet and exercise, the filing said.

SHA:601089

Asia162d ago

LG AI Research Institute, LSEG, Kiwoom Securities Partner to Launch Financial AI Agent Service

LG Corporation's (KRX:003550) LG AI Research Institute, London Stock Exchange Group (LSEG) and capital market company Kiwoom Securities entered a partnership to launch a financial AI agent service that targets retail investors, LG said in a Tuesday release.The three companies will develop retail-friendly AI stock insights on Kiwoom's platform, alongside developing AI-driven asset management services, and lead joint marketing efforts, the release said.Shares of Kiwoom Securities rose nearly 4% at market close, while shares of LG rose marginally.

KRX:003550KRX:039490

Asia162d ago

Henlius Biotech Gets China Nod for Colorectal Cancer Drug Trial

Shanghai Henlius Biotech (HKG:2696) obtained approval for a phase 1 clinical trial of HLX05-N from China's National Medical Products Administration, according to a Tuesday Hong Kong bourse filing.The drug is being studied for the treatment of metastatic colorectal cancer.

HKG:2696

Asia162d ago

Izumi's Profit Surges 37% in Fiscal 2025

Izumi's (TYO:8273) profit attributable to owners of the parent surged 37% to 16.8 billion yen for the fiscal year 2025 from 12.3 billion yen a year earlier.The supermarket operator's basic earnings per share increased to 79.40 yen from 57.33 yen a year ago, according to a Tokyo bourse filing on Tuesday.Operating revenue jumped 8.6% to 569.3 billion yen for the full year ended Feb. 28 from 524.1 billion yen in the prior year.For the fiscal year 2026, the company expects attributable profit of 17.4 billion yen, EPS of 82.82 yen, and operating revenue of 587.1 billion yen.Izumi plans to pay interim and year-end dividends of 15 yen per share, each, for the year, which is lower than the amount paid in the year-ago period.

TYO:8273

Asia162d ago

KCC Wins KRW238.8 Billion Apartment Housing Complex Construction Project

KCC (KRX:002380) secured a new construction project of an apartment housing complex in Hyangnam Hagil district, Hwaseong-si, Gyeonggi-do, from Sebak Investment Development, according to a Tuesday filing with the Korea Exchange.The contract, valued at 238.8 billion won, is valid till April 30, 2029.Shares of the South Korean chemical and auto parts manufacturer rose nearly 8% at market close.

KRX:002380

Asia162d ago

DCM's Profit Up Marginally in Fiscal 2025

DCM's (TYO:3050) profit attributable to owners of the parent rose 1% to 17.3 billion yen for the fiscal year 2025 from 17.1 billion yen a year earlier.The hardware store company's basic earnings per share declined to 127.02 yen from 128.01 yen a year ago, according to a Tokyo bourse filing on Tuesday.Operating revenues slipped 0.4% to 542.3 billion yen for the full year ended Feb. 28 from 544.6 billion yen in the prior year.In a separate filing, DCM raised its final dividend target to 24 yen per share from 23 yen initially.The proposed dividend, payable from May 29, will be submitted for approval at the next shareholders' meeting on May 28.For the fiscal year 2026, the company expects attributable profit of 17.4 billion yen, basic EPS of 125.71 yen, and operating revenues of 577.3 billion yen.DCM plans to pay interim and year-end dividends of 24 yen per share each for the year, which is higher than the amount paid in the year-ago period.

TYO:3050

Asia162d ago

Beijing Enterprises Water Sells 1.5 Billion Yuan Bonds

Beijing Enterprises Water Group (HKG:0371) completed the issue of 1.5 billion yuan of five-year bonds to qualified investors on Monday, according to a Tuesday Hong Kong bourse filing.The bonds, which are due April 2031, carry a coupon rate of 1.94% per annum.The water and environmental protection service provider will use the proceeds to repay debt.

HKG:0371

Asia162d ago

Fosun Pharma Unit Gets China Nod for Amyloidosis Drug Trial

Shanghai Fosun Pharmaceutical (SHA:600196, HKG:2196) unit Fosun Kairos (Shanghai) Biological Technology obtained approval for a phase I/II clinical trial of FKC289 injection from China's National Medical Products Administration, according to a Tuesday Hong Kong bourse filing.The drug will be tested for the treatment of primary light chain amyloidosis and membranous nephropathy.The subsidiary will begin the trial once conditions are met.

HKG:2196SHA:600196

Asia162d ago

US-Iran Truce 'Extremely Fragile,' China Top Diplomat Says

Chinese Foreign Minister Wang Yi said the truce between the U.S. and Iran is "extremely fragile" and called on the international community to oppose anything that will undermine the temporary suspension of hostilities, the ministry said Monday.Wang made the remarks during a phone call with Pakistani counterpart Mohammad Ishaq Dar, according to the ministry.The ministry said it welcomes Pakistan's role in resolving the U.S.-Iran conflict.

Shanghai Composite^SZSE

Asia162d ago

Create Restaurants' Fiscal-Year Profit Declines 16%

Create Restaurants' (TYO:3387) profit attributable to owners of the parent declined 16% to 4.68 billion yen for the fiscal year 2026 from 5.59 billion yen a year earlier.The restaurant company's earnings per share declined to 11.11 yen from 13.29 yen a year ago, according to a Tokyo bourse filing on Tuesday.Revenue jumped 5.8% to 165.4 billion yen for the full year ended Feb. 28 from 156.4 billion yen in the prior year.It declared a final dividend of 2.25 yen per share, payable from May 13.For the fiscal year 2027, the company expects attributable profit of 5.7 billion yen, basic profit per share of 13.54 yen, and revenue of 171 billion yen.Create Restaurants plans to pay interim and year-end dividends of 2.50 yen per share, each, for the current fiscal year.

TYO:3387

Asia162d ago

The Hour Glass Repurchases More Shares

The Hour Glass (SGX:AGS) bought back 92,700 shares in the open market on Tuesday for SG$233,942 or SG$2.51761 per share, according to a same-day filing with the Singapore Exchange.The luxury watch retail group has been authorized to buy back around 64.7 million shares under its current mandate. To date, it has repurchased nearly 6.1 million shares.

SGX:AGS

Asia162d ago

Market Chatter: Sinochem Warns of Legal Action Against Italy's Ownership, Board Membership Limits on Pirelli

Sinochem International (SHA:600500) said it could seek legal redress against Italy's curbs to limit the company's influence in tire manufacturer Pirelli, Reuters reported Monday, citing a statement issued by Sinochem unit Marco Polo International Italy.Limits issued by Prime Minister Giorgia Meloni's office curbs included cutting the number of Sinochem representatives in Pirelli's board to three from eight, as long as the Chinese company's stake remains above 9.99%."The company expresses its deep regret regarding this decision and reserves the right to pursue all necessary legal remedies to safeguard its legitimate shareholder rights and interests," Reuters quoted Sinochem as saying.Sinochem is the largest shareholder in Pirelli with 34%, while Camfin holds 26%, the report said.Pirelli and Camfin called for restrictions against Sinochem as its Chinese links could complicate the tire company's U.S. expansion, 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.)

SHA:600500

Asia162d ago

Zhejiang Jianfeng Gets Regulatory Nod for Combination Diabetes Drug

Zhejiang Jianfeng Group (SHA:600668) unit Jianfeng Pharmaceutical obtained marketing and manufacturing approval from China's drug regulator for metformin and empagliflozin tablets.The combination therapy is used for type 2 diabetes, according to a Tuesday filing with the Shanghai bourse.The registration is valid for 24 months.Shares of the pharmaceutical company closed 2% lower Tuesday.

SHA:600668

Asia162d ago

Market Chatter: China's Economy Rebounds in Q1 But Outlook Darkens on Global Risks

China's economy likely picked up pace early in 2026, buoyed by resilient exports, but momentum is set to fade as geopolitical tensions weigh on demand, a Reuters poll showed.Economists forecast first-quarter gross domestic product growth at 4.8% year-on-year, up from 4.5% in Q4 2025, according to the Monday report.Expansion is seen easing to 4.7% in Q2, with full-year growth at 4.6%, Reuters wrote.While energy buffers have softened the impact of the Iran crisis, higher oil prices are squeezing margins and threatening exports, 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.)

Shanghai Composite^SZSE

Asia162d ago

Market Chatter: Indonesia Bonds Under Pressure as Risk Aversion Rises After Iran-US Talks Stall

Indonesia's government bond market may see fresh pressure as heightened geopolitical risks after stalled Iran-US peace efforts weigh on investor sentiment and prompt a broader shift away from emerging-market debt, The Jakarta Globe reported Monday.Market observers say this could lead to higher borrowing costs as investors seek stronger returns in safer assets, including US government securities, amid elevated global uncertainty. Economist Yusuf Rendy Manilet of CORE Indonesia said the situation reflects broader risk aversion in global markets rather than the negotiations themselves, and could keep yields elevated in the near term, according to the report.He estimated the benchmark 10-year government bond yield, currently near 6.6%, could edge up to around 6.8%, although domestic fundamentals and Bank Indonesia's policy support are expected to limit downside risks, 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

Asia162d ago

Brook Crompton's Australian Arm Receives Demand Letter from Client

Brook Crompton (SGX:AWC) unit Brook Crompton Australia received a letter of demand from a customer for payment of AU$1.1 million, according to a Tuesday filing with the Singapore Exchange.The claim concerns alleged non-compliance with the terms of a contract for the supply of goods between the parties.The subsidiary is in discussions with the customer to reach a constructive resolution.

SGX:AWC

Asia162d ago

TSH Resources Repurchases Shares

TSH Resources (KLSE:TSH, SGX:TSH) bought back 220,000 shares for 287,889 ringgit on Tuesday, according to a same-day disclosure on the Singapore bourse.The shares were repurchased between 1.29 ringgit and 1.32 ringgit apiece, the dual-listed oil palm cultivation and wood products company said.

KLSE:TSHSGX:TSH

Asia162d ago

Market Chatter: China Says Hormuz Blockade Threatens Global Interests

China warned that any blockade of the Strait of Hormuz would harm global interests, urging restraint as tensions escalate over Iran, Reuters reported Monday.Foreign Minister Wang Yi told U.A.E. envoy Khaldoon Khalifa Al Mubarak that diplomacy and a lasting ceasefire remain the only viable path forward, according to the report.The warning came after the U.S. Central Command announced plans to halt maritime traffic to Iranian ports following failed talks in Islamabad, Reuters wrote.Beijing backed continued negotiations and denied claims of arms supplies, calling them "groundless" and "malicious," 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.)

Shanghai Composite^SZSE

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