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Jefferies Adjusts Brother Industries' Price Target to 5,000 Yen From 4,500 Yen, Keeps at Buy

NetLink NBN Trust's Fiscal Q1 Profit Declines 22%

NetLink NBN Trust's (SGX:CJLU) profit after tax during the fiscal first quarter ended June 30 fell by 22% to SG$18.1 million from SG$23.3 million a year earlier, according to a Friday filing with the Singapore Exchange.Revenue edged down 1.4% year over year to SG$101.3 million from SG$102.8 million.

SGX:CJLU

Asia1d ago

Formosa Chemicals & Fibre Grants NT$19.4 Billion Loan to Affiliates

Formosa Chemicals & Fibre (TPE:1326) extended new loans of around NT$19.4 billion to five affiliated companies under the Formosa Plastics Group, according to a Friday filing with the Taiwan Exchange.The petrochemical producer has granted these loans for working capital purposes.

TPE:1326

Asia1d ago

Diagens Biotechnology's H1 Loss Widens

Hangzhou Diagens Biotechnology (HKG:2526) reported an attributable loss of 55.9 million yuan for the first half of 2026, widening from a loss of 1.3 million yuan a year earlier, according to a Hong Kong bourse filing on Friday.The medical imaging products maker's loss per share swelled to 0.66 yuan from 0.02 yuan a year ago.Revenue increased year on year to 108.7 million yuan from 89.8 million yuan.

HKG:2526

Asia1d ago

Lihua Animal Husbandry's Chicken Sales Revenue Rises 23%, Hog Sales Revenue Slips 6% in July

Jiangsu Lihua Animal Husbandry (SHE:300761) posted higher revenue from chicken sales in July, while hog sales revenue slipped in the same month, according to a Shenzhen bourse filing on Thursday.The Chinese livestock company's shares slipped 1% at the close of Friday's trade.The company generated 1.27 billion yuan in revenue from chicken sales in July, rising 23% from a year earlier.The number of sold chickens rose 4.6% year on year to 51.4 million, with the average selling price climbing 14% to 11.11 yuan per kilogram.Meanwhile, revenue from hog sales fell 6.2% year on year to 244 million yuan. The company sold 177,200 hogs for an average of 11.16 yuan per kilogram, with the sales volume jumping 22% and selling price dropping 24% from a year earlier.

SHE:300761

Asia1d ago

UOB-Kay Hian's H1 Attributable Profit Soars; Revenue Up

UOB-Kay Hian's (SGX:U10) attributable profit to owners nearly doubled during the first half to SG$164.7 million from SG$99.2 million a year earlier, according to a Friday filing with the Singapore Exchange.Earnings per share came in at SG$0.1686, compared with SG$0.1060 in the year-ago period.The financial services group's revenue jumped year over year to SG$481.1 million from SG$339.1 million.

SGX:U10

Asia1d ago

Fraser and Neave's Nine-Month Attributable Profit Up 10%

Fraser and Neave's (SGX:F99) attributable profit to shareholders rose 10% during the nine months ended June 30 to SG$130.6 million from a year earlier.Earnings per share increased to SG$0.09 from SSG$0.081, while revenue declined by 6% to SG$1.66 billion, according to a Friday filing with the Singapore Exchange by the Southeast Asian consumer group.

SGX:F99

Asia1d ago

Singapore Shares Close Friday in the Green Amid Earnings Buzz

Singapore shares were firmly in the green at the close on Friday, echoing investor sentiment that looked beyond geopolitical tensions, and amid another busy day for corporate earnings updates.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,644.56 and 5,700.07 throughout the day. It ended the session at 5,698.43, up 59.44 points or 1.05% compared to Thursday's close.DBS (SGX:D05), the exchange's biggest company by market cap, helped drive gains as it closed 1.67% in the green."DBS Group Holdings (DBS) reported a record net profit of S$3,079m for 2Q26 (+9% yoy and +5% qoq), which was above our expectation of S$2,821m," UOB Kay Hian said in a note, with analysts keeping the stock at buy with a price target of SG$80. "We raised our net profit forecasts by 3.9% for 2026 and 3.5% for 2027 due to stable NIM starting 2H26 and higher non-interest income."Also in earnings news: Elite UK REIT's (SGX:MXNU) was up over 3% as its distribution per unit moved up by 0.6% during the first half to 0.0155 pound sterling from 0.0154 pounds a year earlier. Meanwhile, AvePoint's (SGX:AVP) shares closed over 1% lower as its net income attributable to common stockholders for the second quarter of the year surged to $27.6 million from $2.9 million a year earlier.

^STISGX:AVPSGX:D05SGX:MXNU

Asia1d ago

Guizhou Chanhen Chemical to Allot 240 Million Yuan for Daily Related-Party Transactions with Phosphate Company

Guizhou Chanhen Chemical (SHE:002895) will allocate up to 240 million yuan for its daily related-party transactions with Guizhou Hengjing Phosphate through the end of 2026, according to a Friday filing with the Shenzhen bourse.The listed chemical company plans to purchase phosphate rock and avail of transportation services from Hengjing Phosphate.

SHE:002895

Asia1d ago

Update: Update: Market Chatter: Indosat Eyes $2 Billion Loan for Chip Financing

(Updates to fix misattribution to Indosat. Citi declined to comment, not Indosat)Indonesian telecom services provider Indosat (IDX:ISAT) is said to be looking to raise around $2 billion in loans to buy advanced chips for its local operations, according to a Bloomberg report on Wednesday citing people familiar with the matter.As per the report, Citigroup has been selected to arrange the loan, and it has approached other banks to evaluate their interest.Citigroup declined to comment, while Indosat did not immediately respond to' request for a comment.(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.)

IDX:ISAT

Asia1d ago

Update: Market Chatter: Indosat Eyes $2 Billion Loan for Chip Financing

(Updates to add that Indosat declined to comment)Indonesian telecom services provider Indosat (IDX:ISAT) is said to be looking to raise around $2 billion in loans to buy advanced chips for its local operations, according to a Bloomberg report on Wednesday citing people familiar with the matter.As per the report, Citigroup has been selected to arrange the loan, and it has approached other banks to evaluate their interest.Indosat declined to comment, while Citigroup did not immediately respond to' request for a comment.(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.)

IDX:ISAT

Asia1d ago

Tongyu Communication Clarifies Rumors Over Jiaxian Communication's Involvement With Nvidia

Tongyu Communication (SHE:002792) denied rumors that Shenzhen Jiaxian Communication Technology signed a research and development agreement with Nvidia for the development of 6G AI-RAN base stations, according to a Friday disclosure on the Shenzhen bourse.The statement was made after the issue was published on online media outlets. The antenna manufacturer is processing its acquisition of 25% of Shenzhen Jiaxian Communication Technology, with a consideration of 300 million yuan.Tongyu clarified that the wireless communication products manufacturer is conducting R&D on 6G AI-RAN base station technology based on Nvidia's CUDA Aerial open-source ecosystem platform, but there are no exclusive authorization arrangements. The product is still in the early stage of development.Tongyu's shares jumped 10% at the close.

SHE:002792

Asia1d ago

Shengda Resources Secures Approval for Inner Mongolia Mine Expansion Project

Shengda Resources (SHE:000603) 62.96%-owned Yindu Mining obtained the approval of China's Inner Mongolian government for a 900,000-tons-per-year technical transformation project at the Bairendaba silver-polymetallic mine.The project follows the integration of a 1.4-square-kilometer exploration area into the existing mining rights, expanding the licensed area to 5.5 square kilometers, according to a Friday filing with the Shenzhen bourse.The upgrade, which requires additional underground works and system optimization, will enable legal mining of extended resources while maintaining current production capacity.Shares of the mineral products manufacturer jumped 10% Friday.

SHE:000603

Asia1d ago

Sembcorp Industries Unit Secures Electricity Import Approval in Singapore

Sembcorp Industries' (SGX:U96) Sembcorp Utilities secured conditional approval from Singapore's Energy Market Authority to import 300 megawatts of electricity from Peninsular Malaysia.The approval is part of a broader EMA grant that covers 900 MW of imports, with the remaining 600 MW awarded to Southern Solar Alliance, according to a statement from the regulator on Friday.Both Sembcorp and Southern Solar are looking to start commercial operations around 2029.

SGX:U96

Asia1d ago

State Bank of India's Consolidated Profit Rises in Fiscal Q1

State Bank of India's (NSE:SBIN, BOM:500112) consolidated net profit rose to 245.8 billion Indian rupees in the fiscal first quarter ended June 30 against 216.3 billion rupees a year ago.Earnings per share climbed to 26.12 rupees from 23.76 rupees a year earlier, according to a Friday filing to the Indian stock exchanges.Interest earned in the fiscal quarter also grew to 1.362 trillion rupees from 1.256 trillion rupees a year ago.

BOM:500112NSE:SBIN

Asia1d ago

Kanghong Pharmaceutical Invests 50 Million Yuan in Structured Deposit

Chengdu Kanghong Pharmaceutical (SHE:002773) purchased a 50-million-yuan structured deposit from Bank of Chengdu, as part of its 3.8-billion-yuan wealth management program.The 92-day product offers a guaranteed minimum yield of 1.00% and a maximum expected yield of 1.80%, according to a Friday filing with the Shenzhen bourse.Shares of the pharmaceutical company closed 8% higher Friday.

SHE:002773

Asia1d ago

Horiba's H1 Attributable Profit Climbs 38%; Interim Dividend Declared

Horiba (TYO:6856) recorded a 38% rise in attributable net income for the first half of 2026 to 21.8 billion yen from 15.9 billion yen a year prior.Earnings per share increased to 516.80 yen from 376.12 yen previously, according to a Friday Tokyo bourse filing.The analytical laboratory instrument maker's net sales jumped 21% to 179.9 billion yen from 148.9 billion yen in the year-ago period.The company declared an interim dividend of 150 yen per share for the period.The company forecasts an attributable net income of 50 billion yen, basic EPS of 1,189.87 yen, net sales of 382 billion yen, and a total dividend of 790 yen per share for the fiscal year ending Dec. 31.The total dividend forecast was revised upward from 490 yen per share previously amid a modification in the earnings forecast, as well as the decision to pay a commemorative dividend of 240 yen per share on the company's market capitalization exceeding 1 trillion yen.

TYO:6856

Asia1d ago

SK hynix Declares Quarterly Cash Dividend

SK hynix (KRX:000660) declared a quarterly cash dividend of 375 won per common share, totaling 273.3 billion won, with a record date of Aug. 31.The company also noted it is actively exploring additional shareholder return measures, with details expected to be finalized and announced during the third quarter.

KRX:000660

Asia1d ago

SK Square Declares Quarterly Dividend

SK Square (KRX:402340) declared a quarterly cash dividend of 375 won per share, totaling 273 billion won.The dividend will be paid to shareholders as of the record date of Aug. 31, according to a Friday filing with the Korea Exchange.

KRX:402340

Asia1d ago

Coway Posts Higher Q2 Net Income; Sales Up

Coway (KRX:021240) posted second-quarter net income attributable to shareholders of 178.3 billion won, up 14.6% from 155.6 billion won a year earlier, according to a Friday filing with the Korea Exchange.The household appliances manufacturer's sales also grew 14.6% year over year to 1.442 trillion won from 1.259 trillion won.Coway declared a dividend of 700 won per share, payable to shareholders of record on Aug. 31.

KRX:021240

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