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China Petroleum Engineering's Newly Signed Contracts Reach 40 Billion Yuan in April

China Petroleum Engineering's (SHA:600339) newly signed contracts reached 40.1 billion yuan in April, according to a Wednesday bourse filing in Shanghai.For the first four months of 2026, newly signed contracts grew 70% to 71.8 billion yuan.Overseas contracts increased 54% to 3.84 billion yuan, while domestic ones rose 46% to 3.34 billion yuan.

SHA:600339

Asia45d ago

Fitch Assigns BBB- Rating to TCL Electronics on Growing TV Set Market Share

Fitch Ratings rated TCL Electronics' (HKG:1070) long-term foreign- and local-currency issuer default ratings at BBB-, according to a Wednesday note by the debt watcher.The ratings reflect the appliance maker's growing market share for its televisions as it has become the second-largest global manufacturer of TVs by shipments, the report said.Fitch's outlook on TCL Electronics' ratings is stable, reflecting a rise in its TV business in the next two to three years.Lesser volatility in its upstream panel costs will help bolster its profit margin amid high memory and energy expenses, Fitch said.Worldwide shipments of TVs could remain stable at 200 million, but TCL Electronics' dominance in the mini-LED TV market should help sustain its growth beyond industry standards, Fitch said.

HKG:1070

Asia45d ago

Jarden Adjusts ASX Limited's Price Target to AU$55.30 from AU$58.75, Keeps at Neutral

ASX (ASX:ASX) has an average rating of hold and mean price target of AU$54.94, 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:ASX

Asia45d ago

Indian Equities Fall Marginally Amid Wobbly US-Iran Peace Talks

Indian benchmarks ended on a flat note on Wednesday as investors turned cautious amid mixed signals coming from the U.S.-Iran talks.Washington and Tehran have been in negotiations to end the war, but recent attacks from the U.S. are now complicating peace efforts.Iran said the U.S. had breached a ceasefire by striking targets ⁠near the Strait of Hormuz. In response, the U.S. claimed the strikes were an act of self-defense.At close, BSE Sensex slipped 141.89 points, or 0.2%, to 75,867.81, while Nifty 50 fell marginally to 23,907.15.In corporate news, shares of Gillette India (NSE:GILLETTE, BOM:507815) jumped 6% after reporting its profit rose to 1.93 billion Indian rupees in the fiscal fourth quarter ended March 31 from 1.59 billion rupees a year ago.Meanwhile, shares of Goldiam International (NSE:GOLDIAM, BOM:526729) rose marginally after announcing its consolidated net profit climbed to 393.9 million Indian rupees in the fiscal fourth quarter from 270.2 million rupees a year ago.

^BSENifty 50BOM:507815NSE:GILLETTE

Asia45d ago

Jarden Adjusts Flight Centre Travel Group's Price Target to AU$16.50 from AU$16.80, Keeps at Overweight

Flight Centre Travel Group (ASX:FLT) has an average rating of buy and mean price target of AU$15.54, 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:FLT

Asia45d ago

Yang Guang Unit to Get 300-Million-Yuan Loan

Yang Guang (SHE:000608) unit Shenzhen Ruihe will receive an additional 300 million yuan loan from Chengxi Kehui, a company wholly owned by controlling shareholder Liu Dan.The 24-month unsecured loan carries a 2.9% annual interest rate, according to a Wednesday filing with the Shenzhen bourse.Shares of the real estate company closed 10% higher Wednesday.

SHE:000608

Asia45d ago

SK Hynix's Market Capitalization Tops $1 Trillion

The market capitalization of South Korean chipmaker SK Hynix (KRX:000660) surpassed $1 trillion on Wednesday, share price data showed.The stock gained 9.3% on the same day to close at 22,43,000 won.Bloomberg News reported separately that the performance comes amid a surge in memory-chip stocks and adds SK Hynix to join the $1 trillion market value club with peers Samsung Electronics (KRX:005930) and Micron Technology.

KRX:000660KRX:005930

Asia45d ago

Market Chatter: ByteDance to Offer Stock Options at AI Division to Retain Talent

ByteDance will offer low-priced stock options linked to its Seed AI division in a bid to retain talent, the Financial Times reported Tuesday, citing four people with knowledge of the matter.The stock options will expose staff to the AI division without diluting the TikTok owner's other business segments, the FT said.The move comes as tech rivals including Tencent (HKG:0700) have begun poaching ByteDance's researchers, according to the report.Seed has one of the largest concentrations of top AI talent in China, according to the newspaper.(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.)

Shanghai Composite^SZSEHKG:0700

Asia45d ago

Client Service International Proposes Lowering Bond Conversion Price

Client Service International (SHE:300663) said its board proposed downwardly revising the conversion price of its Kelan convertible bond after the stock price triggered the adjustment condition.The board wants to lower the price further to support long-term growth and optimize capital structure, according to a Wednesday filing with the Shenzhen bourse.The initial conversion price is 16.02 per share. It is currently at 13.20 yuan per share.The proposal requires approval from a two-thirds shareholder vote, with bond-holding investors abstaining.Shares of the financial software and information technology services provider closed 3% lower Wednesday.

SHE:300663

Asia45d ago

Desco Infratech Bags Order Worth INR56 Million for Supply, Installation of Pipes and Cables; Shares Down 3%

Desco Infratech (BOM:544387) has secured an order worth 56.2 million Indian rupees from KP Energy and GAIL Gas, according to a BSE filing on Wednesday.The contract is for the supply and installation of works relating to cable laying, HDPE pipes, optic fiber cable works, termination kits, and allied infrastructure works.It also includes a hiring contract for laying of underground MDPE pipeline and associated works for Gail Gas Bengaluru city gas distribution projects.The company's shares were down over 3% in recent trade.

BOM:539686BOM:544387NSE:KPEL

Asia45d ago

Kaifa Tech Units to Invest 1.47 Billion Yuan for Memory Chip Capacity Expansion

Shenzhen Kaifa Technology (SHE:000021) subsidiaries Padien Technology Shenzhen and Hefei Padien Storage Technology will invest 1.47 billion yuan to expand high-end memory chip packaging and testing capacity.Padien Technology Shenzhen will add 5 million wafer particles in packaging and 8 million chips in testing monthly, according to a Wednesday filing with the Shenzhen bourse.Hefei Padien Storage Technology expects 28.8 million more wafer particles in packaging monthly.The projects are set for completion by December 2027.Shares of the electronics manufacturer closed 3% higher Wednesday.

SHE:000021

Asia45d ago

Shijia Photons Tech Scraps Plan to Acquire Fuchengxin Communication Tech

Henan Shijia Photons Technology (SHA:688313) agreed to terminate plans to acquire a stake in Dongguan Fuchengxin Communication Technology, according to a Shanghai bourse filing on Wednesday.The acquisition was initially planned to be implemented through share placement and cash.All parties related to the transaction failed to reach a consensus on key matter, including the transaction price.The Chinese optical communication company's shares dipped 9% at the close.

SHA:688313

Asia45d ago

China Top Diplomat Calls on UN to Protect Multilateralism

Chinese Foreign Minister Wang Yi called on the United Nations to protect multilateralism and uphold the U.N. Charter during a meeting of the Security Council Tuesday."The international order established by the Charter has not been effectively maintained, and the basic norms of international relations embodied in the Charter have not been earnestly observed," Wang said in his speech.The remarks are seen as a swipe against the U.S. but stopped short of mentioning the U.S. or President Donald Trump explicitly, the South China Morning Post reported.Wang also called on the U.S. and Iran "to meet each other halfway so that peace can return to the Middle East as early as possible."

Shanghai Composite^SZSE

Asia45d ago

Market Chatter: Bank of Korea Expected to Hold Rate Steady at 2.50%: Bloomberg

South Korea's central bank is expected to hold the seven-day repurchase rate steady at 2.50% at its rate-setting meeting on Thursday, 22 out of the 23 economists projected in a Bloomberg survey.The economist who did not agree with a steady-rate policy this time expects a quarter-point hike, Bloomberg said in a Wednesday report.The central bank's first dot plot, introduced in February under former Governor Rhee Chang-yong, showed that policymakers expected rates to remain steady at 2.5% over the next six months.Investors are now watching for any upward shift in the median outlook under the new Governor Shin Hyun Song and newly appointed board member Kim Jin Ill. Ill's appointment is viewed as tilting the board toward a more hawkish stance after the exit of dovish member Shin Sung-hwan, the report said.The Bank of Korea has already warned that consumer prices could rise well above the 2.2% forecast issued in February, with Governor Shin cautioning that higher oil prices and a weaker currency may add to price pressures while cutting growth short, Bloomberg reported.(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.)

^KOSDAQKOSPI

Asia45d ago

Fingu Electronic Names CFO

Wuhan Fingu Electronic Technology (SHE:002194) appointed Hou Xueli chief financial officer, according to a Shenzhen bourse filing on Wednesday.Hou will take over from Fan Zhihui, who resigned due to work adjustments.The Chinese radio frequency devices manufacturer's shares closed 5% lower.

SHE:002194

Asia45d ago

Everbright Jiabao Names Chairman, Vice Chairman, CFO

Everbright Jiabao (SHA:600622) appointed Su Yang chairman and Su Xiaopeng vice chairman, according to a Shanghai bourse filing on Wednesday.The real estate developer also appointed Jin Hong as chief financial officer.The company's shares dropped by less than 6% at the close.

SHA:600622

Asia45d ago

Jingu Gets Order to Deliver Wheels to NEV Maker

Zhejiang Jingu (SHE:002488) received an order to supply components to a new energy vehicle manufacturer, according to a Shenzhen bourse filing on Wednesday.The order includes the development of the Avatar low-carbon wheels for the client's vehicles.The Chinese steel wheel manufacturer's shares fell 2% at the close.

SHE:002488

Asia45d ago

Chengtou Names CFO

Shanghai Chengtou (SHA:600649) appointed Le Jiawei as chief financial officer, according to a Shanghai bourse filing on Wednesday.Le will succeed Wu Chun, who resigned due to work-related reasons.The real estate developer's shares fell 2% at the close.

SHA:600649

Asia45d ago

Xianju Pharmaceutical Passes Generic Drug Review for Progesterone Injection Specification

Zhejiang Xianju Pharmaceutical (SHE:002332) said the 1ml:50mg specification for progesterone injection passed China's generic drug consistency evaluation.The injection is indicated for menstrual disorders, luteal deficiency, threatened and habitual abortion, premenstrual tension syndrome, and assisted reproductive therapy, according to a Wednesday filing with the Shenzhen bourse.The pharmaceutical company already holds approvals for 1ml:10mg and 1ml:20mg specifications.Shares of Zhejiang Xianju Pharmaceutical were down 2% Wednesday.

SHE:002332

Asia45d ago

Market Chatter: CNOOC Begins Bohai Oilfield Full Production

CNOOC (SHA:600938, HKG:0883) started full production at the Kenli 10-2 oilfield phase one in the south Bohai Sea, China, Reuters reported Wednesday, citing state media.Daily output exceeded 20,440 barrels, according to the report.The oilfield, with proven geological reserves over 100 million metric tons, includes a central platform and two unmanned wellhead platforms, Reuters wrote.Shares of the oil company closed 3% lower on the Shanghai bourse and 2% on the Hong Kong bourse.(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.)

HKG:0883SHA:600938

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