Financial News · Live Terminal

Page 193 of 826

Most Kwai Chung Warns of Lower Fiscal-Year Profit

Most Kwai Chung (HKG:1716) expects an attributable profit of up to HK$2 million for the year ended March 31, down from HK$6.1 million a year prior, according to a Monday filing with the Hong Kong bourse.The advertising and media services company attributed the forecast to the absence of a fair value gain from the acquisition of 31% interest in To Be Honest as was seen in the previous period, as well as higher staff costs.

HKG:1716

Asia20d ago

Nine Dragons Paper Launches Tender to Buy Back Up to $400 Million Securities

Nine Dragons Paper (HKG:2689) launched a tender offer to buy back any of its outstanding capital securities under a $400 million issue, according to a Monday filing with the Hong Kong bourse.The repurchased senior perpetual securities, which carry an interest rate of 14%, will be cancelled, the paper maker said.As of Monday, three executive directors of the company and/or their associates hold roughly 81% of the outstanding principal amount of the securities.

HKG:2689

Asia20d ago

Midea Group Unit Submits Updated Listing Application to Hong Kong Bourse

Midea Group (SHE:000333, HKG:0300) unit Annto Supply Chain Technology submitted an updated listing application to the Hong Kong bourse to list and deal in its shares on the stock exchange, according to a Monday bourse filing.The application was submitted through Annto's joint sponsors on June 12.Appliance manufacturer Midea Group had proposed the spinoff and separate listing of Annto in April 2025.

HKG:0300SHE:000333

Asia20d ago

China Coal Energy's Sales Rise Slightly, Output Drops in May

China Coal Energy (HKG:1898, SHA:601898) sales volume of commercial coal rose 0.4% year over year in May, according to a Monday filing with the Hong Kong bourse.The coal mining group's production for the month declined 9.2%.

HKG:1898SHA:601898

Asia20d ago

International Business Settlement Forecasts Narrower Fiscal-Year Loss

International Business Settlement (HKG:0147) expects a consolidated net loss of around HK$350 million for the year ended March 31, compared with a loss of HK$387 million a year prior, according to a Monday Hong Kong bourse filing.The real estate company attributed the loss to share option expenses, an impairment loss on Bitcoin held, and impairment losses on Bitcoin mining machines.

HKG:0147

Asia20d ago

Shunten International Forecasts Narrower Fiscal-Year Loss

Shunten International (HKG:0932) expects an attributable loss of between HK$24 million and HK$29 million for the year ended March 31, compared with a loss of HK$36 million a year prior, according to a Monday Hong Kong bourse filing.The health supplements distributor attributed the forecast to a lower gross profit and a decline in the fair value loss on investment properties.

HKG:0932

Asia20d ago

CGS Sells 4 Billion Yuan Bonds

China Galaxy Securities (HKG:6881, SHA:601881), or CGS, completed the issue of 4 billion yuan worth of bonds on Monday, according to a same-day Hong Kong bourse filing.The bonds carry a coupon rate of 1.49% and will fall due in 191 days.The securities broker will use proceeds to repay debt.

HKG:6881SHA:601881

Asia21d ago

Rongzun International Warns of Wider Full-Year Loss

Rongzun International (HKG:1780) expects a post-tax loss of between approximately HK$34.1 million and HK$36 million for the year ended March 31, compared with about HK$9.5 million a year prior, according to a Monday Hong Kong bourse filing.The civil engineering firm attributed the forecast to additional costs for off-site works, as well as certain extra work conducted without an additional charge to preserve a client relationship.

HKG:1780

Asia21d ago

Infinity Development's Fiscal H1 Profit Slips 14%

Infinity Development (HKG:0640) recorded an attributable profit of HK$48.8 million in the fiscal first half, down 14% from HK$56.6 million a year prior, according to the company's interim report posted with the Hong Kong bourse Monday.Basic earnings per share in the six months ended March 31 slipped to HK$0.1602 from HK$0.201 in the corresponding period of the previous year.Revenue slipped 1.9% to HK$401.5 million in the interim period from HK$409.3 million in the year-ago period.The chemical company declared an interim dividend of HK$0.079 per ordinary share for the half-year, payable June 18 to shareholders of record on June 8.

HKG:0640

Asia21d ago

CITIC Resources Forecasts Up to 112% Boost in Interim Profit

CITIC Resources (HKG:1205) expects attributable profit of between HK$238 million and HK$322 million for the six months ending June 30, up 57% to 112% from HK$152 million a year prior, according to a Monday Hong Kong bourse filing.The natural resource company attributed the forecast to a higher average selling price of crude oil.

HKG:1205

Asia21d ago

LTM Launches AI Managed Services Platform for IT Automation

LTM (NSE:LTM, BOM:540005) has launched BlueVerse for iRun, an AI-based managed services platform aimed at automating IT operations, according to a Monday filing to Indian bourses.The technology firm said BlueVerse for iRun is designed to support IT environments across hybrid cloud, software-as-a-service and AI-driven systems, with a focus on increasing automation and reducing incident resolution times.

BOM:540005NSE:LTM

Asia21d ago

LT Foods Sets Up Australian Arm

LT Foods (NSE:LTFOODS, BOM:532783) incorporated a wholly owned subsidiary in Australia, according to a Monday filing with the Indian bourses.LT Foods Australia has been set up with an initial capital of 2,100 Australian dollars, the filing said.The company said the new entity will support its business expansion in Australia and the broader Asia-Pacific region, including distribution, customer engagement and business development activities.

BOM:532783NSE:LTFOODS

Asia21d ago

Gujarat Inject Kerala Secures INR145 Million Solar Module Order

Gujarat Inject Kerala (BOM:524238) said it has received a purchase order worth about 144.9 million Indian rupees, excluding GST, from Deon Energy, according to a Monday filing.The order is for the supply of 16,129 solar photovoltaic modules with a capacity of 620 WP each, the filing said.The company said it is also in the process of changing its name to Regenova Renewtech Ltd.Shares of the company were down nearly 2% in after-market hours.

BOM:524238

Asia21d ago

Le Tree Takes Nearly 67% Stake in Xiamen LeTree Meilian Technology JV

Le Tree (SGX:E6R) completed the acquisition of a 66.67% stake in a Xiamen beauty technology joint venture for 1 million yuan, according to a Monday filing with the Singapore Exchange.The stake in the Xiamen LeTree Meilian Technology partnership also gave Le Tree an indirect stake in Xiamen Shiming Jingzi Medical Beauty Clinic, as it acquired the light medical aesthetics and comprehensive health management services group from Lin Xiaodong on May 28.

SGX:E6R

Asia21d ago

Market Chatter: Taiwan's Agriculture Ministry Asks China to Restore Farm Imports

Taiwan's Ministry of Agriculture (MOA) urged China to resume imports of Taiwanese agricultural products in line with international trade rules and scientific standards, criticizing Beijing for selectively permitting some imports while maintaining bans on others, Taipei Times reported Monday.The ministry's remarks came after an agreement signed at the Straits Forum in Xiamen over the weekend for China to buy Taiwanese atemoyas, pomelos, tea and groupers from Taitung, Yunlin and Nantou. The MOA said China has unilaterally suspended multiple Taiwanese agricultural and fishery imports since 2022 and ignored requests for sanitary and phytosanitary consultations, according to the report.Taiwan said China's market cannot be considered reliable in the long term due to opaque approval processes and politically driven restrictions. The ministry added it is expanding exports to other markets, noting that the European Union recently opened its market to Taiwanese lychees and dragon fruit, with about 6.5 tonnes of Taiwanese fruit exported to Europe this month.(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

Asia21d ago

Indian Equities Rally on Monday as US-Iran Peace Deal Lifts Sentiment

Indian benchmark indices climbed nearly 1% on Monday as investors welcomed a peace agreement between the U.S. and Iran.The truce ended nearly four months of conflict, easing geopolitical concerns. The agreement boosted risk appetite across global markets and triggered broad-based buying in Indian equities.The BSE Sensex rose 736.38 points, or 1%, to close at 76,264.33, while the NSE Nifty 50 gained 231.00 points, or also 1%, to settle at 23,853.90.Lower crude oil prices added to the positive mood.Analysts believe market participants will now focus on the progress of the monsoon season, potential El Niño-related risks, and the upcoming earnings season for clues on corporate growth and profitability.In corporate developments, four Vedanta Group companies - Vedanta Aluminium Metal (NSE:VAML, BOM:544780), Vedanta Power (NSE: VEDPOWER, BOM:544781), Vedanta Oil & Gas (NSE:VOGL, BOM:544782), and Vedanta Iron & Steel (NSE:VISL, BOM:544784) - began trading on Indian exchanges, completing the group's demerger into sector-focused businesses.Meanwhile, Bharti Airtel (NSE:BHARTIARTL, BOM:532454) said nearly all shareholders approved a transaction that will increase its effective stake in Airtel Africa to about 79%. The deal involves the issuance of equity shares to a promoter group entity and does not require any cash outflow.

^BSENifty 50BOM:532454BOM:544780BOM:544781BOM:544782BOM:544784NSE:BHARTIARTLNSE:VAMLNSE:VEDPOWERNSE:VISLNSE:VOGL

Asia21d ago

Sekisui House REIT to Acquire Prime Maison Kinshicho Property for 4.27 Billion Yen

Sekisui House REIT (TYO:3309) agreed to acquire a residential property in Sumida-ku, Tokyo, for 4.27 billion yen, effective July 1.Prime Maison Kinshicho is 97.3% occupied as of April, with a master lease agreement planned under Sekisui House Sha Maison PM Tokyo on a pass-through basis, according to a Tokyo bourse filing on Monday.The acquisition will be funded entirely through its own funds, with an appraisal value of 4.39 billion yen.The seller, Sekisui House Ltd, is the REIT's sponsor and a related party, and the transaction has undergone proper interested-party approval procedures.

TYO:3309

Asia21d ago

Macquarie Starts GMR Airports at Outperform with INR125 Price Target

GMR Airports (NSE:GMRAIRPORT, BOM:532754) has an average rating of buy and mean price target of 118.62 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

BOM:532754NSE:GMRAIRPORT

Asia21d ago

Macquarie Upgrades Liontown to Outperform from Neutral; Price Target is AU$2.30

Liontown (ASX:LTR) has an average rating of hold and mean price target of AU$2.20, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

ASX:LTR

Asia21d ago

Sekisui House REIT's Net Income Jumps 27% in Six Months Ended April 30

Sekisui House REIT's (TYO:3309) net income surged 27% to over 12 billion yen for the six months ended April 30 from 9.52 billion yen for the half-year period.The REIT's net income per unit increased to 2,799 yen from 2,199 yen the previous six-month period, according to a Tokyo bourse filing on Monday.Operating revenue climbed 15% to 22.4 billion yen from 19.4 billion yen in the prior half-year period.It declared a final distribution of 3,407 yen per unit, including 608 yen in excess of earnings, payable from July 21.For the six months ending Oct. 31, the REIT expects net income of 8.08 billion yen and operating revenue of 17.4 billion yen.For the subsequent half-year period ending April 30, 2027, Sekisui expects net income of 7.95 billion yen and operating revenue of 17.5 billion yen.The company plans to pay distributions of 1,908 yen per unit for the October 2026 fiscal period and 1,880 yen per unit for the April 2027 period.

TYO:3309

Showing 3841-3860 of 16518