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Singapore Shares Rise as US-Iran Peace Hopes Remain; Avepoint Up 7%

Singapore shares rose on Tuesday, tracking regional gains, backed by fresh hopes of the US and Iran finally reaching an agreement to end hostilities.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,992.64 and 5,020.59 throughout the day. It ended the session at 5,007.57, up 23.40 points or 0.5% compared to Monday's close.In economic news, The Monetary Authority of Singapore (MAS) has tightened its monetary policy settings amidst the ongoing Iran conflict, according to April's policy statement.On the corporate front, shares of Avepoint (SGX:AVP) were up nearly 7% at the close as it booked a revenue of $419 million during 2025.Octopus (APAC) (SGX:43A) signed an agreement with Spain's Grupo Osborne, to be the latter's principle distributor under a five-year mandate.Meanwhile, Vin's Holdings (SGX:VIN) signed an agreement with Volt Auto to become an authorized channel partner for China Dongfeng Motor Industry Impo & Exp's latest electric vehicle lineup.

$^STI$SGX:43A$SGX:AVP$SGX:VIN

Asia26d ago

Pickles Holdings Regains Compliance with Prime Market Listing Criteria

Pickles Holdings (TYO:2935) said it has met all continued listing criteria for the Tokyo Stock Exchange's Prime Market as of Feb. 28, after previously falling short on tradable share market capitalization, according to a Tuesday filing on the Tokyo Stock Exchange.The company reported its tradable share market capitalization rose to 10.79 billion yen from 8.35 billion yen a year earlier, exceeding the 10.0 billion yen requirement.Pickles Holdings said the improvement followed measures including progress on medium-term goals, stronger investor relations, sustainability efforts, enhanced shareholder returns and an increase in tradable shares.

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Asia26d ago

Create Restaurants to Absorb SFP Holdings Under Merger

Create Restaurants Holdings (TYO:3387) and SFP Holdings (TYO:3198) said they agreed to an absorption-type merger, with Create Restaurants as the surviving company, according to a Tuesday filing on the Tokyo Stock Exchange.The deal is set to take effect on July 1, subject to approval by SFP shareholders on May 21, while Create Restaurants Holdings will proceed under simplified procedures.SFP shares are expected to be delisted on June 29, with the last trading day on June 26.The companies said the merger will help streamline resources and improve decision-making amid labor shortages, rising costs and changing consumer preferences.

$TYO:3198$TYO:3387

Asia26d ago

H2O Retailing Expects 7 Billion Yen Gain From Toho Share Sale

H2O Retailing (TYO:8242) expects to record about 7 billion yen in extraordinary income from the partial sale of its stake in Toho, according to a Tuesday filing on the Tokyo Stock Exchange.The company plans to tender 5 million shares in Toho through an off-auction share buyback, reducing its holding from 4.23% to 3.63%.The move is part of efforts under its mid-term plan to reduce strategic shareholdings and improve capital efficiency while maintaining business ties. The gain is expected to be booked in the first quarter of the fiscal year ending March 2027.

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Asia26d ago

Ushio to Transfer Semiconductor Laser Unit to Kyocera via Corporate Split

Ushio (TYO:6925) will transfer its semiconductor laser device business to Kyocera (TYO:6971) through a corporate split and subsequent share sale for about 1 billion yen, according to a Tuesday filing on the Tokyo Stock Exchange.The company will first carve out the business into a newly established subsidiary before transferring all shares to Kyocera, with completion targeted for April 2027.The move comes as Ushio seeks to improve capital efficiency and optimize its portfolio amid shifting semiconductor demand and growing opportunities in areas such as AI-driven data centers and sensing applications.

$TYO:6925$TYO:6971

Asia26d ago

Market Chatter: Malaysian PM Refutes Allegations of Supplying Fuel to Philippines

Malaysian Prime Minister Anwar Ibrahim sought to clarify reports on diesel shipments to the Philippines, saying Malaysia is not directly supplying the fuel, Bloomberg News reported Monday.He said the cargo is being handled under commercial arrangements by Vitol Group, not by state energy firm Petroliam Nasional (PETRONAS). The clarification comes amid heightened sensitivity over fuel supplies as countries grapple with rising energy costs linked to the Middle East conflict, according to the report.Malaysia is facing mounting pressure to manage fuel subsidies and contain living costs as oil prices climb. The government has maintained that ensuring sufficient domestic fuel supply remains its priority, 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.)

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Asia26d ago

Update: Market Chatter: Indonesia Expects Easing Plastic Prices as Government Boosts Imports

Indonesia expects plastic prices to start declining soon as authorities ramp up efforts to secure alternative raw material supplies amid ongoing global disruptions, The Jakarta Post reported Tuesday.The country's Trade Minister Budi Santoso said the government is speeding up sourcing from countries such as India, the United States and parts of Africa to ease domestic shortages and stabilize prices. He attributed the recent spike to tighter availability of key petrochemical inputs, particularly naphtha, following supply disruptions tied to geopolitical tensions, according to the report.Officials said additional shipments are in the pipeline, though existing inventories will continue to support industries in the near term until new supplies arrive. The government is also exploring more sourcing options to ensure supply stability as global production remains under pressure, 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.)

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Asia26d ago

Market Chatter: Zimbabwe Grants Lithium Export Quotas to Chengxin Lithium, Sinomine Resource

Zimbabwe has awarded lithium concentrate export quotas to two Chinese mining firms, Chengxin Lithium (SHE:002240) and Sinomine Resource (SHE:002738), just two months after suspending all raw mineral exports, Reuters reported Monday.The move follows February's ban over alleged malpractices and leakages, according to the report. Under new rules, exporters must also process more material locally.Chengxin Lithium received a quota matching its 290,000-ton annual capacity, while Sinomine Resource's 200,000-ton allowance equals about its monthly output.Shares of Chengxin Lithium closed 8% higher Tuesday.(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.)

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Asia26d ago

Market Chatter: Indonesia Expects Easing Plastic Prices as Government Boosts Imports

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Asia26d ago

BayCurrent's Profit Rises 23% in Fiscal 2026

BayCurrent's (TYO:6532) profit attributable to owners of the parent rose 23% to 37.8 billion yen for the fiscal year 2026 from 30.8 billion yen a year earlier.The consulting firm's basic earnings per share increased to 249.16 yen from 202.16 yen a year ago, according to a Tokyo bourse filing on Tuesday.Revenue jumped 28% to 148.3 billion yen for the full year ended Feb. 28 from 116.1 billion yen in the prior year.It declared a final dividend of 50 yen per share for the fiscal year ended Feb. 28, payable from May 28.For the fiscal year 2027, the company expects attributable profit of 48.1 billion yen, basic EPS of 323.79 yen, and revenue of 190 billion yen.BayCurrent plans to pay interim and year-end dividends of 65 yen per share, each, for the current year, which is higher than the amount paid in the year-ago period.

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Asia26d ago

Toho's Full-Year Profit Climbs 19%

Toho's (TYO:9602) profit attributable to owners climbed 19% to 51.8 billion yen for the fiscal year ended Feb. 28 from 43.4 billion yen a year earlier.The entertainment company's basic earnings per share increased to 61.20 yen from 50.95 yen a year ago, according to a Tokyo bourse filing on Tuesday.Operating revenue jumped 15% to 360.7 billion yen from 313.2 billion yen in the prior year.In a separate filing, Toho raised its final dividend to 67.50 yen per share, payable from May 29, citing stronger-than-expected fourth-quarter performance.For the fiscal year ending Feb. 28, 2027, the company expects attributable profit of 41 billion yen, basic EPS of 48.85 yen, and operating revenue of 345 billion yen.

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Asia26d ago

Prudential Buys Back Shares

Prudential (HKG:2378, SGX:K6S) bought back 256,174 shares in London on Monday at an average price of about 11.06 pounds sterling apiece, according to a Tuesday Hong Kong bourse filing.The insurer intends to cancel the repurchased shares.Following the transaction, the company will have about 2.52 billion shares in issue.

$HKG:2378$SGX:K6S

Asia26d ago

CapitalOnline Appoints CFO

CapitalOnline Data Service (SHE:300846) appointed Li Yidan chief financial officer, according to a Shenzhen bourse filing on Tuesday.Li, who served as the general manager of the company's financial management center, will take over from Zhang Lisha, who resigned due to personal reasons.The internet data company's shares rose less than 2% at the close.

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Asia26d ago

Crosstec Bondholder Converts Nearly HK$7 Million Debt Into Equity

Crosstec (HKG:3893) said a bondholder exercised its right to convert part of its convertible bonds into equity, according to a Tuesday Hong Kong bourse filing.The company received a conversion notice from MK Investment to convert HK$6.6 million in bonds into 60 million shares at HK$0.11 each.The shares represent about 11% of the company's issued share capital before the issue and about 9.9% as enlarged by the issue.Following the conversion, major shareholder MK Investment increased its stake to about 28.8% from 20.98%.

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Asia26d ago

Jefferies Adjusts Sansan's Price Target to 1,900 Yen from 2,400 Yen, Keeps at Buy

Sansan (TYO:4443) has an average rating of overweight and mean price target of 2,072.22 yen, 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)

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Asia26d ago

Beijing New Building Materials Issues 1 Billion Yuan in Ultra-Short-Term Bonds

Beijing New Building Materials (SHE:000786) issued ultra-short-term bonds worth 1 billion yuan, the company's first tranche of such bonds for the year, according to a Shenzhen bourse filing on Tuesday.The bonds will have an interest rate of 1.42% and a term of 270 days, maturing on Jan. 5, 2027.Bank of Hangzhou (SHA:600926) is the lead underwriter of the issuance.

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Asia26d ago

Market Chatter: Indonesian Airlines to Raise Fares By Up to 13% as Fuel Prices Soar

Indonesia's local airlines have welcomed the government's decision to allow airfares to rise by between 9% and 13% as surging jet fuel prices, driven by the Middle East conflict, continue to increase operating costs, The Jakarta Post reported Tuesday.Garuda Indonesia (IDX:GIAA) said it will adjust ticket prices in line with the new transport regulation, describing the move as necessary to balance airline financial stability with public access to air travel, reportedly.However, industry experts warned that higher fares could weigh on passenger demand, even as the government has set aside 2.6 trillion Indonesian rupiah to fund a VAT waiver on tickets and keep fare increases within the aforementioned range, 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.)

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Asia26d ago

Hailiang to Build Saudi Arabian Copper Plant for $566 Million

Zhejiang Hailiang (SHE:002203) plans to partner with Rawas National Investment Holding to construct a high-end intelligent copper product manufacturing and processing plant in Saudi Arabia for $566 million, according to a Shenzhen bourse filing on Tuesday.The plant will manufacture 150,000 tons of copper products every year, including copper tubes, copper bars, copper foil and recycled refined copper products.The Chinese copper product manufacturer's shares rose over 2% at the close.

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Asia26d ago

Sovereign Rating Risks Grow for Southeast Asia Amid Middle East Conflict, S&P Says

Southeast Asia's sovereign ratings face risks from the Middle East conflict, with persistent energy disruption to weigh on their fiscal and external metrics, S&P Global Ratings said in a Tuesday release.Economies reliant on imported energy could see strains in their robust growth outlook under severe long-term effects of the war, limiting economic support for ratings in South and Southeast Asia, credit analyst Rain Yin said.Damage to the energy infrastructure in the Middle East will prolong the normalization of oil and gas production levels even with the reopening of the Strait of Hormuz, S&P said.Southeast Asian sovereigns with weaker rating buffers could see their credit quality drop under persistent energy market disruption, with government subsidies for consumers and businesses possibly increasing, Yin said.The depth of the damage to sovereigns' fiscal positions will depend on the ability of governments to reduce expenses or delay spending plans, S&P said.

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Asia26d ago

Hong Kong Stocks Rebound on Shifting US-Iran Diplomatic Hopes; Wai Chun Surges 341%

Hong Kong stocks rebounded Tuesday as investors bet on easing Middle East tensions amid signs of continued engagement, despite the U.S. move to block Iranian ports after weekend talks collapsed.The Hang Seng Index gained 211.47 points, or 0.8%, to close at 25,872.32, while the Hang Seng China Enterprises Index added 69.55 points, or 0.8%, to 8,671.61.After talks in Islamabad broke down over the weekend, a U.S. official said engagement was continuing and progress toward an agreement was still being made, Reuters reported.Pakistani Prime Minister Shehbaz Sharif also said efforts to resolve the conflict were ongoing.Meanwhile, U.S. President Donald Trump said Monday that Iran had made contact and was seeking a deal, but ruled out any agreement that would allow Tehran to possess nuclear weapons.Signs of diplomatic engagement eased pressure in energy markets, with oil prices slipping in Asian trade.In corporate news, Wai Chun (HKG:1013) advanced nearly 341% after entering into a cooperation agreement with Xavvi U.S. to establish a platform company targeting the global creator economy.Voyah Automotive Technology (HKG:7489) closed 8% higher after saying its controlling shareholder, Dongfeng Motor Group, plans to increase its stake in the business.

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