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Keppel Completes Issuance of SG$325 Million Worth of Bonds

Keppel (SGX:BN4) completed the issuance of SG$325 million worth of 3.30% subordinated perpetual bonds, according to a Thursday filing with the Singapore Exchange.The bonds fall under the global asset manager's $5 billion multi-currency debt issuance program.The bonds are expected to be listed and quoted on June 12, the filing said.

SGX:BN4

Asia27d ago

HitoMile's Subsidiary May Total Sales Up 3.3%

HitoMile's (TYO:7686) subsidiary Kakuyasu's total sales rose 3.3% in May from a year earlier, according to a Thursday filing on the Tokyo Stock Exchange.The alcoholic beverage wholesaler's seller segment was up 3.4%, due to a higher number of both individual and chain restaurant customers at Kakuyasu, as well as the launch of the Sapporo Branch.Platform segment sales were up 27% on year, boosted outsourced delivery services.

TYO:7686

Asia27d ago

Glenmark Pharmaceuticals Unit Launches Acne Treatment Winlevi in European Markets

Glenmark Pharmaceuticals (NSE:GLENMARK, BOM:532296) said its wholly owned subsidiary Glenmark Specialty has launched acne treatment Winlevi across several European markets, according to a Thursday filing on Indian exchanges.The company has started direct commercialization of the product in markets including Spain, the Nordic region and Central and Eastern Europe, while the launch in Portugal is being carried out through a strategic partner, the filing said.The European Commission granted approval for Winlevi to Cassiopea, a subsidiary of Cosmo Pharmaceuticals, in October 2025, to treat acne vulgaris in adults and adolescents, according to the filing.

BOM:532296NSE:GLENMARK

Asia27d ago

Update: Malaysia Spending 3.5 Billion Ringgit Monthly on Fuel Subsidy

The Malaysian government maintained its petrol and diesel prices this week, with an expected subsidy of around 3.5 billion ringgit a month, according to a Thursday statement by the country's Ministry of Finance.This comprises a RON95 subsidy of 2 billion ringgit a month and a diesel subsidy of 1.5 billion ringgit. The subsidy rose to as much as 7.5 billion ringgit in April when Brent crude oil prices rose to $120 per barrel.The current subsidy takes into consideration supply uncertainties, global inventory levels, and seasonal demand in various regions globally, according to the report.The ministry added that Malaysia's petroleum supply is currently stable and sufficient and the government will ensure citizens remain protected from high fuel prices.

FTSE Bursa Malaysia KLCI

Asia27d ago

Malaysia Spending IDR3.5 Billion Monthly on Fuel Subsidy

FTSE Bursa Malaysia KLCI

Asia27d ago

Sembcorp Industries Concludes Acquisitions of 2 Companies

Sembcorp Industries (SGX:U96) completed the acquisitions of shares in Pioneer Sail Holdings and Latrobe Valley Power (Holdings), through indirect Australian subsidiaries, Sembcorp Australia and Sembcorp Energy Australia, according to a Thursday Singapore bourse disclosure.

SGX:U96

Asia27d ago

Malaysian Shares End in Green Despite Downbeat Job Data

Malaysian shares extended gains to end in the green on Thursday, amid a mixed regional performance. The investor sentiment was positive despite a higher-than-expected unemployment rate in the country.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 0.57 points to end 0.03% higher at 1,679.53. The day range was between 1,674.65 and 1,680.53.In economic news, Malaysia's unemployment rate rose by to 3% in April from 2.9% in March, the Department of Statistics Malaysia said. The figure exceeded the 2.9% forecast by Trading Economics.In local news, Malaysia is looking for alternative crude oil sources as the war in Iran fuels a global energy supply squeeze, Reuters reported Wednesday, citing the country's economy minister. Any new imports, however, must be compatible with the country's refinery systems.Malaysia's palm oil inventories rose 5.2% in May to 2.43 million tons from 2.31 million tons a month earlier, according to preliminary data released by the Malaysian Palm Oil Board.In corporate news, Malayan Banking (KLSE:MAYBANK) pushed back against a Bloomberg News report that some of its bankers were being questioned by Indonesian authorities in connection with a probe involving the Salim Group, saying it was not the subject of any investigation, Reuters reported. The lender's shares ended flat today.

FTSE Bursa Malaysia KLCIKLSE:MAYBANK

Asia27d ago

Frenken Group Issues, Allots Shares Under Employees' Share Option Scheme

Frencken Group (SGX:E28) issued 165,000 shares following the exercise of options granted under the employees' share option scheme at exercise prices of SG$1.30 and SG$1.37 apiece, according to a Thursday filing with the Singapore Exchange.The new shares were listed and quoted on the same day, the filing added.

SGX:E28

Asia27d ago

Singapore Shares Rally Despite Ongoing US-Iran Conflict; Clearbridge Health Zooms 100%

Singapore shares showcased resilience, ending Thursday in green, despite mixed performances across regional indices, in line with the flaring up of tensions across the Middle East following new US attacks on Iran.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,929.94 and 4,997.56 throughout the day. It ended the session at 4,988.10, up 29.25 points or 0.6% compared to Wednesday's close.On the corporate front, shares of Clearbridge Health (SGX:1H3) soared over 100% at the close as it signed subscription agreements to place around 2.15 billion new shares at SG$0.0018 per share, raising about SG$3.9 million.Q & M Dental (SGX:QC7) closed nearly 3% higher as it completed the acquisition of Ann Arbor Dental Surgery and issued 657,819 shares at SG$0.55 per share to vendors as part of the consideration.Meanwhile, shares of Ever Glory United (SGX:ZKX) were down over 1% as it allotted and issued 375,000 tranche C shares to vendors of Fire-Guard Engineering following the fulfilment of the 2025 profit milestones under the acquisition agreement.

^STISGX:1H3SGX:QC7SGX:ZKX

Asia27d ago

Zephirin Adjusts Alibaba Group's Price Target to HK$92 from HK$112, Keeps at Sell

Alibaba Group (HKG:9988) has an average rating of buy and mean price target of HK$185.29, 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://finwires.com/en/contact)

HKG:9988

Asia27d ago

Jarden Research Adjusts Steadfast Group's Price Target to AU$5.90 from AU$5.65, Keeps at Overweight

Steadfast Group (ASX:SDF) has an average rating of overweight and mean price target of AU$5.74, 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://finwires.com/en/contact)

ASX:SDF

Asia27d ago

Jarden Research Adjusts Reece's Price Target to AU$16.10 from AU$16.40, Keeps at Overweight

Reece (ASX:REH) has an average rating of hold and mean price target of AU$15.18, 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://finwires.com/en/contact)

ASX:REH

Asia27d ago

Jarden Research Adjusts Port of Tauranga's Price Target to NZ$7 from NZ$6.54, Keeps at Underweight

Port of Tauranga (NZE:POT) has an average rating of hold and mean price target of NZ$7.95, 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://finwires.com/en/contact)

NZE:POT

Asia27d ago

Jarden Research Adjusts Wesfarmers' Price Target to AU$79.30 from AU$75.30, Keeps at Neutral

Wesfarmers (ASX:WES) has an average rating of underweight and mean price target of AU$75.68, 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://finwires.com/en/contact)

ASX:WES

Asia27d ago

Hunan Kylinsec Technology to Deploy 700 Million Yuan for Cash Management

Hunan Kylinsec Technology (SHA:688152) will deploy up to 700 million yuan of its idle funds for cash management.The funds will be invested in high-security, liquid products from qualified financial institutions, according to a Wednesday filing with the Shanghai bourse.The 12-month program, effective from June 9, allows the rolling use of funds.Shares of the information technology services provider closed 3% lower Thursday.

SHA:688152

Asia27d ago

Mud & Hound Board OKs THB300 Million Working Capital Loan

Mud & Hound Public Company's (BKK:MUD) board has approved a 300 million baht working capital loan, according to a Thursday Thailand Exchange filing.The loan has a two-year tenor at 10% interest, and is to be repaid at maturity or earlier.The company has also restructured and expanded its shareholder meeting agenda to include approvals for financial assistance arrangements and related-party support.

BKK:MUD

Asia27d ago

NEOJAPAN's Profit Climbs 9% in Fiscal Q1

NEOJAPAN's (TYO:3921) profit attributable to owners of the parent rose 9% to 487 million yen for the fiscal first quarter from 447 million yen a year earlier.The software company's basic earnings per share increased to 34.78 yen from 31.97 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales climbed 4.1% to 2.08 billion yen for the three months ended April 30 from nearly 2 billion yen in the prior-year period.For the fiscal year ending Jan. 31, 2027, the company expects attributable profit of 1.88 billion yen, basic EPS of 133.88 yen, and net sales of 8.62 billion yen.NEOJAPAN plans to pay interim and year-end dividends of 27 yen per share, each, for the current fiscal year, totaling 54 yen, which is higher than the 52 yen per share total paid in the year-ago period.

TYO:3921

Asia27d ago

i-mobile's Nine-Month Profit Slides 16%

i-mobile's (TYO:6535) profit attributable to owners of the parent fell 16% to 2.44 billion yen in the nine months ended April 30 from 2.91 billion yen a year earlier.The advertising platform company's earnings per share declined to 43.44 yen from 50.25 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales rose 3% to 19.2 billion yen from 18.7 billion yen in the prior-year period.For the fiscal year ending July 31, the company expects attributable profit of 3.12 billion yen, basic EPS of 55.61 yen, and net sales of 22 billion yen.i-mobile plans to pay a year-end dividend of 27 yen per share for the current fiscal year, higher compared with 26 yen paid in the year-ago period.

TYO:6535

Asia27d ago

Market Chatter: Maybank Rebuffs Bloomberg Report of Being Under Investigation in Indonesia

Malayan Banking (KLSE:MAYBANK) pushed back against a Bloomberg News report that some of its bankers were being questioned by Indonesian authorities in connection with a probe involving the Salim Group, saying it was not the subject of any investigation, Reuters reported Thursday.The bank said personnel at its Indonesian unit had been asked to provide information as witnesses to assist authorities in accordance with applicable laws, according to the news outlet.Maybank said it remains committed to governance, compliance and integrity standards, but declined to comment further because the matter is ongoing, Reuters 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.)

KLSE:MAYBANK

Asia27d ago

Formosa Pharmaceuticals, Samil Pharmaceutical Sign Drug Licensing Deal in Vietnam

Formosa Pharmaceuticals (TPE:6838) signed an exclusive licensing deal with South Korea's Samil Pharmaceutical (KRX:000520) for commercialization rights of its ophthalmic drug clobetasol propionate suspension (APP13007) in Vietnam.The agreement covers treatment for post-operative eye inflammation and pain, with financial terms including upfront payments, milestones and royalties, according to a Thursday Taiwan Exchange filing.Formosa said the Vietnam eye care market offers steady growth, and the deal is expected to support future sales and business development.Deal details, however, remain confidential.

KRX:000520TPE:6838

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