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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

Asia28d 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

Asia28d 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

Asia28d 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

Asia28d 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

Asia28d 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

Asia28d 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

Asia28d 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

Asia28d ago

Oil India Signs Clean Energy Collaboration Framework with Canadian Non-Profit

Oil India (NSE:OIL, BOM:533106) signed a collaboration framework with Canadian non-profit energy research company Petroleum Technology Research Centre (PTRC) focused on clean energy cooperation, according to a Thursday filing on Indian bourses.The agreement covers areas including CO2 capture, utilization and storage, geothermal energy and other clean energy technologies, the filing said. It also covers research on enhanced oil recovery methods, subsurface energy storage, and identification of potential geothermal projects, the filing added.The framework also involves startup-focused collaboration through the mc2+ platform under India's Ministry of Petroleum and Natural Gas, according to the filing.

BOM:533106NSE:OIL

Asia28d ago

Shenyang Fortune Precision Equipment Shareholder Trims Stake by 1.14%

Shenyang Fortune Precision Equipment (SHA:688409) shareholder Taizhou Xiangpu Venture Capital Fund reduced its stake in the company to 10.66% from 11.80%.The fund sold about 3.5 million of the precision equipment maker's shares between June 1 and June 9, according to a Wednesday filing with the Shenzhen bourse.Shares of Shenyang Fortune Precision Equipment closed 6% higher Thursday.

SHA:688409

Asia28d ago

Hong Kong Stocks Slide Amid US Sanctions, Middle East Escalation; Alibaba, JD.com Fall on Regulatory Scrutiny

Hong Kong stocks extended losses Thursday as fresh U.S. sanctions on China- and Hong Kong-linked entities over alleged ties to Iran's military and escalating tensions in the Middle East weighed on sentiment.The Hang Seng Index fell 0.7%, or 158.67 points, to close at 24,249.29, while the Hang Seng China Enterprises Index dropped 1.2%, or 101.65 points, to finish at 8,217.08.The U.S. government on Wednesday imposed sanctions on 11 individuals and entities, including several in China and Hong Kong, for allegedly supporting weapons procurement for Iran's Islamic Revolutionary Guard Corps and military.Nine of those targeted were China- and Hong Kong-based individuals and companies, while another Hong Kong firm was accused of operating within Iran's covert banking network, according to the U.S. Treasury.Meanwhile, Washington launched a fresh round of strikes against multiple targets in Iran, according to the U.S. military, prompting Tehran to announce the full closure of the Strait of Hormuz.In corporate news, Alibaba (HKG:9988) closed over 5% lower after Beijing regulators called in major e-commerce platforms over alleged misleading promotions during the annual "618" shopping festival.JD.com (HKG:9618) closed nearly 3% lower after being named among the platforms summoned by regulators.

Hang SengHKG:9618HKG:9988

Asia28d ago

Supply Constraints to Mold Japan's Data Center Sector, S&P Says

Japan's data center market faces significant supply limitations, which will determine competition and growth prospects in the sector, S&P Global Ratings said in a recent release.Construction of large data centers has been time-consuming due to the required power capacity and grid networks, appropriate land, and construction resources, S&P said.The rating agency forecasts only a modest supply expansion over the next several years due to power availability and land acquisition restrictions.Current data center operator majors such as local telecoms will likely continue with their competitive edge over future players, S&P said.Investments will shape the country's data center market if near-term limitations are addressed, with sufficient financial ability and new facilities serving as key factors, the rating agency said.

Nikkei 225

Asia28d ago

Market Chatter: Samsung Electronics Invests KRW89.9 Trillion in Capital Expenses, R&D in 2025

Samsung Electronics (KRX:005930) invested 89.9 trillion won in capital expenditures and research and development in 2025, which comprised 52.2 trillion won in capital expenditures and 37.7 trillion won in R&D, Yonhap News reported Thursday, citing data compiled by corporate tracker CEO Score.The chipmaker's investment last year was higher than Taiwan Semiconductor Manufacturing Company's investment in the same, which stood at 69.4 trillion won, the report said.CEO Score said that the chip industry requires continuous large-scale investment, warning that calls to "distribute tens of trillions of won in bonuses and retained earnings" during the current upcycle could place a considerable financial burden on corporates, according to the report.Shares of Samsung Electronics fell more than 1% at market close.(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.)

KRX:005930

Asia28d ago

Dongguan Development to Invest 210 Million Yuan to Jointly Establish Low-Altitude Economy Industry Fund

Dongguan Development (SHE:000828) subsidiary Jincxin Capital will invest 210 million yuan to jointly establish a low-altitude economy industry fund, according to a Wednesday filing with the Shenzhen bourse.The 300-million-yuan fund will focus on drones, electric vertical take-off and landing aircraft, guidance systems, aviation motors, lightweight composites, high-energy-density batteries and smart transportation.The fund has an eight-year term with a four-year investment period and a four-year exit period.Shares of the highway operator closed 1% lower Thursday.

SHE:000828

Asia28d ago

Dongjiang Environmental Unit to Place 20 Million Yuan Bid for Steel Products Distribution Project

Dongjiang Environmental (HKG:0895, SHE:002672) unit Guangdong Elephant Logistics Technology plans to submit a 20 million yuan bid in the public tender for a distribution project, according to a Wednesday Hong Kong bourse filing.Hong Kong-listed shares of the waste disposal management company were down over 1% in Thursday afternoon trading.The one-year project starting July 1, 2026, and ending June 30, 2027, will focus on the delivery and distribution of finished steel products for Zhongnan by cargo transportation.If granted the tender, Elephant Logistics will enter into a formal cargo transportation contract with Shanghai Ouye Logistics.

HKG:0895SHE:002672

Asia28d ago

Dongguan Development to Sell Two Subsidiary Equities

Dongguan Development (SHE:000828) plans to publicly list and transfer its 40% stake in Kangyichuang New Energy and its wholly owned subsidiary Jincxin Capital's 100% stake in Nandian Hongyun Energy.The sale of the loss-making companies has minimum prices of 21.9 million yuan and 2.4 million yuan, respectively, according to a Wednesday filing with the Shenzhen bourse.Proceeds will support core business development and working capital.Shares of the highway operator closed 1% lower Thursday.

SHE:000828

Asia28d ago

China's Power Storage Sector to Drive Energy Transition, S&P Says

China's power storage sector is key to resolving the country's energy bottlenecks, S&P Global Ratings said in a recent release.The sector will anchor wind and solar integration, lessen curtailment, and boost system reliability, S&P said.Greater storage will also facilitate renewable power companies' shift to market-based pricing, the rating agency said.S&P expects battery energy storage systems to grow faster amid a rise in the renewable energy mix that also includes pumped-hydro projects.Independent power producers will see additional revenue sources through the battery projects, which will also hedge against increasingly unstable spot market prices, S&P credit analyst Scott Chui said.Better economics and revenue visibility should encourage more energy companies to invest in power storage and narrow risks of intermittent renewable power, S&P said.The rating agency expects players to sufficiently cushion against upcoming large investments, estimated at 1 trillion renminbi over the next five years, in line with their capital expenditure plans.

Shanghai Composite^SZSE

Asia28d ago

AOM International Enters M&A, Restructuring-Focused Cooperation Contract

AOM International (HKG:0381) entered into a strategic cooperation agreement with Yaluyun (Shanghai) Enterprise Management, according to a Wednesday Hong Kong bourse filing.Shares of the toy and gift maker were down nearly 2% in Thursday afternoon trading.The cooperation will focus on corporate mergers and acquisitions and restructuring, capital cooperation, resource synergy, and other areas.

HKG:0381

Asia28d ago

Ennoconn Initiates Mandatory Takeover Offer for Austria-based Kontron

Ennoconn (TPE:6414) board has approved a plan to acquire full ownership of Austria-based Kontron, through a mandatory public takeover offer in cash, according to a Wednesday Taiwan Exchange filing.Shares gained about 2% in Thursday's midday trade.The offer price is set at 23.50 euros per share and will be launched after Ennoconn crosses the 30% ownership threshold, in line with German regulations. It currently owns 29.99% stake in Kontron.The transaction, expected to close by end-2026, subject to regulatory approvals.The deal aims to strengthen Ennoconn's position in AI, edge computing and smart infrastructure markets, it said.

TPE:6414

Asia28d ago

Chinese Shares Slide Amid US Sanctions, Middle East Strikes; Yizhong Pharmaceutical Falls 4%

Chinese shares were down on Thursday as the U.S. sanctioned several Chinese entities over their alleged links to the Iran military and amid escalating conflict in the Middle East.The Shanghai Composite Index, the main gauge of Chinese stocks, slid 0.2% to 3,987.01. The Shenzhen Component Index fell 0.7% to 14,851.98.The U.S. government imposed sanctions on multiple entities and individuals in mainland China and Hong Kong for allegedly supporting procurement and financial networks linked to Iran's Islamic Revolutionary Guard Corps and the Iranian military.Among them are entities that helped procure weapons for the Iranian military, and a Hong Kong-based company that works with Iran's clandestine banking network.Meanwhile, the U.S. and Iran traded fresh strikes for a second straight day, shattering the fragile April ceasefire, BBC News reported.The U.S. said it hit military, surveillance and radar sites in southern Iran in "self-defense strikes." Iran hit back immediately, launching strikes on U.S. military assets, including bases in Bahrain and Kuwait.In company news, Shanghai Yizhong Pharmaceutical (SHA:688091) said China's drug regulator approved the clinical trial application for its self-developed drug candidate, YXC-002, for the treatment of non-small cell lung cancer with estimated glomerular filtration rate mutations. Shares of the drug manufacturer closed 4% lower Thursday.

Shanghai Composite^SZSESHA:688091

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