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CTBC Financial Books NT$5.4 Billion Profit in April

CTBC Financial (TPE:2891) booked a consolidated net profit of NT$5.40 billion for April, with pre-tax income of NT$6.58 billion, or according to a Thursday Taiwan Exchange filing.For the first four months of 2026, the group recorded an attribuatble net profit of NT$28.5 billion, or NT$1.46 per share.Meanwhile, cumulativewhile pre-tax income came in at NT$34.9 billion, the filing said.

TPE:2891

Asia53d ago

Siyaram Recycling Industries Secures INR45 Million Brass Scrap Supply Order; Shares Down 5%

Siyaram Recycling Industries Ltd (BOM:544047) has bagged an order worth 44.6 million Indian rupees from Anurag Impex for the supply of brass scrap (Honey), according to an Indian bourse filing on Thursday.The order is to be executed within seven days, the filing said.Shares of the company were trading down nearly 5% in recent trade.

BOM:544047

Asia53d ago

Guangdong Ellington Electronics Technology Appoints CFO

Guangdong Ellington Electronics Technology (SHA:603328) appointed Qin Youhua as chief financial officer and deputy general manager, succeeding Yi Shoubin.Qin previously served as deputy general manager at Shenzhen Jiuzhou Electronics, according to a Thursday filing with the Shanghai bourse.Shares of the printed circuit board manufacturer closed 5% lower Thursday.

SHA:603328

Asia53d ago

Alembic Pharmaceuticals Gets US FDA's Establishment Inspection Report for Karakhadi, India Unit

Alembic Pharmaceuticals (NSE:APLLTD, BOM:533573) has received an establishment inspection report from the US Food and Drug Administration (US FDA) for its injectable facility (F-III) at Karakhadi in Gujarat, India, according to a Thursday filing to the Indian stock exchanges.The USFDA has inspected the facility between Feb. 9 and Feb. 18.The company's shares were up nearly 2% in recent trade.

BOM:533573NSE:APLLTD

Asia53d ago

Zhejiang Qianjiang Biochemical Transferring 225 Million Yuan in Assets to Subsidiary

Zhejiang Qianjiang Biochemical (SHA:600796) will transfer about 224.9 million yuan in net assets to wholly-owned subsidiary Qichao Biotech, in a no-consideration transfer.The transfer includes assets, liabilities, and employee relationships from the Biochemical Branch production base as part of a relocation project.The move aims to optimize asset structure and operational efficiency without changing the consolidated reporting scope.Shares of the biochemical company closed 2% lower Thursday.

SHA:600796

Asia53d ago

Gulshan Polyols Gets Additional Ethanol Allocation Worth INR187 Million

Gulshan Polyols (NSE:GULPOLY, BOM:532457) received an additional ethanol supply allocation from oil marketing companies for the third quarter of Ethanol Supply Year 2025-26, according to a Wednesday filing on Indian bourses.The allocation involves supply of 2,923 kiloliters of ethanol for an estimated order value of about 187 million rupees, the filing said.Shares of the company rose over 1% in Thursday's trade.

BOM:532457NSE:GULPOLY

Asia53d ago

Avision Logs NT$24 Million Profit in Q1

Avision (TPE:2380) posted a net profit attributable to owners of NT$24.2 million in the first quarter, or NT$0.40 per basic share, according to a Wednesday disclosure on the Taiwan Exchange.Shares gained 1% in Thursday's late midday trade.The scanner, multi-function product, and laser printers manufacturer did not provide comparative year-ago figures.Operating revenue amounted to NT$686.1 million, it said.

TPE:2380

Asia53d ago

Market Chatter: Indonesia Seeks Energy Independence Through Waste-to-Energy Plants

Indonesia is planning to develop power plants converting waste to energy in a bid to reduce landfill waste and become self-reliant in the energy sector, Nikkei Asia reported Thursday.Under the plan, sovereign wealth fund Danantara is reportedly set to construct 33 power plants across Indonesia over the next few years.Danantara will collaborate with firms in the private sector to build the plants and will hold a maximum 30% interest in each project, Nikkei Asia said.The fund held the first round of bidding in March, with the second set to start soon with 100 potential investors registered, the newswire reported citing Danantara Chief Investment Officer Pandu Sjahrir.Indonesia is currently facing challenges with the supply of petroleum and other energy resources amid the Middle East conflict.The plants, to be built with a total cost of 91 trillion rupiah, are expected to process 33,000 tons of waste every day and supply up to 800 megawatts of electricity, supporting energy self-sufficiency, according to the report.(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.)

^JKSE

Asia53d ago

Quintain Steel Incurs About NT$60 Million Loss in Q1

Quintain Steel (TPE:2017) posted a net loss attributable to owners of NT$59.5 million in the first quarter, or a basic loss per share of NT$0.14, according to a Wednesday disclosure on the Taiwan Exchange.Shares slid over 2% in Thursday's afternoon trade.The steel manufacturer did not provide comparative year-ago figures.Operating revenue amounted to NT$670.6 million, it said.

TPE:2017

Asia53d ago

Market Chatter: Malaysia, Taiwan Boost AI Partnership Amid Rising Demand

Malaysia and Taiwan are strengthening cooperation in the semiconductor value chain as artificial intelligence demand accelerates across industries, from manufacturing to healthcare, CNA reported Wednesday.Taiwan's strengths in advanced chip-making complement Malaysia's established role in packaging, testing, and electronics manufacturing services, creating a more integrated supply chain partnership between the two sides, the news outlet said.The push was highlighted at a smart technology event jointly organized by Taiwan External Trade Development Council, where officials and industry players underscored semiconductors as a critical backbone for AI, 5G and high-performance computing ecosystems, CNA 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.)

FTSE Bursa Malaysia KLCITaiwan Weighted

Asia53d ago

Guanghui Logistics Assumes 280 Million Yuan Repurchase Obligation

Guanghui Logistics (SHA:600603) signed an amendment agreement with CDB Development Fund, assuming the repurchase obligation for 280 million yuan of equity in Hongsan Railway.Subsidiary Sichuan Shuxin is providing collateral worth 402 million yuan in Chengdu property as mortgage guarantee, according to a Thursday filing with the Shanghai bourse.Separately, the company is providing 10.7 million yuan in guarantees for indirect subsidiary Xinjiang Mechanical and Electrical Equipment via a sale-leaseback transaction with Xinjiang Dingyuan Financial Leasing.Shares of the logistics and supply chain management company were down 2% in recent trade.

SHA:600603

Asia53d ago

Crompton Greaves Moves Upmarket with Launch of Crompton Rhion Brand

Crompton Greaves Consumer Electricals (NSE:CROMPTON, BOM:539876) launched a new super-premium brand named Crompton Rhion, as part of its strategy to expand presence in the premium appliances segment, according to an Indian bourse filing on Wednesday.Shares of the company rose nearly 2% in Thursday's trade.The company plans to introduce products across multiple categories under the new brand, the filing said.Crompton said it will integrate its large kitchen appliances business into the Crompton Rhion vertical.

BOM:539876NSE:CROMPTON

Asia53d ago

Nikkei Slides Nearly 1% as Hawkish BOJ Rhetoric, Geopolitical Tensions Spook Investors

Japanese shares ended nearly 1% lower on Thursday after hawkish comments from a Bank of Japan board member strengthened expectations for additional interest-rate increases, with persistent inflation risks linked to the Iran conflict weighing on sentiment.The Nikkei 225 fell 0.98%, or 618.06 points, to close at 62,654.05.BOJ board member Kazuyuki Masu said rates should be raised "at the earliest stage possible" if data show no clear signs of an economic slowdown, comments that reinforced market expectations for a possible rate increase as early as June.Masu's remarks came after three other BOJ board members backed further tightening in April despite the central bank keeping rates unchanged, marking the biggest policy split under Governor Kazuo Ueda.The yen strengthened after Masu's speech and reports that Chinese President Xi Jinping told U.S. President Donald Trump that Taiwan remained the most sensitive issue in China-U.S. relations.On the corporate front, Eneos Holdings (TYO:5020) fell 4% after agreeing to acquire Chevron's downstream fuels and lubricants businesses across six Asia-Pacific markets for $2.17 billion.Yamabiko (TYO:6250) slipped 1% after saying it will liquidate its UAE subsidiary due to worsening instability in the Middle East.Meanwhile, Sony Financial Group (TYO:8729) dropped 5% after fiscal 2025 profit attributable to owners of the parent declined 30% and the company forecast a 16 billion yen attributable loss for fiscal 2026.

Nikkei 225TYO:5020TYO:6250TYO:8729

Asia53d ago

Rio Tinto Group Appoints Trudi Charles as Chief Legal Officer

Rio Tinto Group (ASX:RIO) has appointed Trudi Charles as chief legal officer, governance and corporate affairs, starting Aug. 1, succeeding Isabelle Deschamps, according to a Thursday Australian bourse filing.Charles is currently deputy general counsel and senior vice president, legal, supply, trading, and shipping at BP, where she has spent over 20 years in various senior legal roles across its downstream and supply, trading, and shipping businesses, the filing added.Before joining BP, Charles spent almost eight years with Herbert Smith Freehills Kramer in London and Hong Kong, per the filing.

ASX:RIO

Asia53d ago

Market Chatter: BOJ Member Flags Early Rate Hike If Economy Holds

A Bank of Japan board member said rates should be raised at an early stage if the economy shows no clear signs of weakness, citing persistent inflation risks linked to the Iran conflict, reinforcing expectations for further tightening, Bloomberg reported Thursday."If statistical data do not indicate clear signs of an economic downturn, I believe it is desirable to raise the policy rate at the earliest stage possible," Kazuyuki Masu said at a business conference in Kagoshima, according to the report.The comments add to growing market expectations for a possible BOJ rate increase as early as June, following a divided April meeting in which some board members backed tightening, the report said.The yen strengthened after the remarks before trimming gains later in the session, as traders also tracked geopolitical developments including comments from Chinese President Xi Jinping on Taiwan during talks with U.S. President Donald Trump, according to the report.(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.)

Nikkei 225

Asia53d ago

Globtier lnfotech CFO Officially Exits; Shares Plummet 5%

Globtier lnfotec's (BOM:544494) confirmed the formal departure of its Chief Financial Officer, Sandeep Gupta, effective May 13, according to a same-day filing on BSE.Shares of the company fell 5% in Thursday's trade.Gupta had resigned in April to pursue opportunities outside the company.

BOM:544494

Asia53d ago

Australian Shares Flat; Federal Court Rules Against Coles Group on Price Discounts in ACCC Case

Australian shares were flat with positive bias on Thursday as ⁠the summit between the US and Chinese Presidents gets underway.The S&P/ASX 200 Index was little changed to close at 8,640.70.US President Donald Trump and Chinese counterpart Xi Jinping met in Beijing. Brent crude oil futures were trading around $105.89 per barrel. Gold fell as the hotter-than-expected US inflation data increased the chances of a tighter monetary policy in the US.On the domestic front, Australia's household spending fell 1.2% in April, reversing a fuel-driven surge in March as lower spending on petrol and public transport weighed on transport and recreation spending, according to the Commonwealth Bank of Australia's Household Spending Insights."The oil shock resulting from the current Middle East conflict has not had the size of impact that was initially expected," the bank's head of Australian Economics, Belinda Allen, said.In company news, Australia's Federal Court ruled Thursday that Coles Group (ASX:COL) deceived shoppers by advertising discounts on products that, in many cases, were being sold at higher prices. The case against Coles was brought by the Australian Competition and Consumer Commission (ACCC) in 2024, saying Coles increased prices on certain items for a very short period of time before putting them on a discount, making the promotions illusory in nature. Its shares fell 2% on market close.Xero (ASX:XRO) reported Thursday that it swung to a loss of NZ$0.19 per share in the fiscal year 2026 from a profit of NZ$1.47 a year earlier. Total operating revenue for the 12 months ended March 31 was NZ$2.75 billion, compared with NZ$2.1 billion a year earlier. Its shares closed down 9%.Lastly, Megaport (ASX:MP1) said its unit Latitude.sh has secured three major GPU, CPU, network, and storage contracts with a combined total contract value (TCV) of about AU$254 million and annualized recurring revenue (ARR) of about AU$90.6 million. Its shares were up 28% on market close.

ASX 200ASX:COLASX:MP1ASX:XRO

Asia53d ago

HFCL Plans New Manufacturing Unit in Andhra Pradesh, India; Shares Down 4%

HFCL (NSE:HFCL, BOM:500183) has received board approval to establish a defense manufacturing facility in Andhra Pradesh, India with an initial outlay of 2.30 billion Indian rupees, according to a Thursday filing to the Indian stock exchages.The proposed facility be used to design, develop and manufacture multi-mode hand grenades and similar other products and advanced defense systems.The facility is expected to be completed by December 2027 and it is estimated to add capacity of 4 million units.The company's shares were down over 4% in recent trade.

BOM:500183NSE:HFCL

Asia53d ago

Weebit Nano Raises AU$15 Million Through Share Purchase Plan

Weebit Nano (ASX:WBT) generated about AU$15 million through a share purchase plan for existing stockholders that closed on May 8, according to a Thursday filing with the Australian bourse.The company said it will issue about 3.7 million new shares under the plan, priced at AU$4.05 apiece.Weebit Nano plans to use the proceeds to accelerate the commercialization of its ReRAM technology, speed up the development of AI offerings, and for general corporate purposes.The company's shares gained 22% on market close.

ASX:WBT

Asia53d ago

Bagmane Prime Office REIT Opens 3.4% Higher on Debut

Blackstone-backed Bagmane Prime Office REIT (NSE:BAGMANE, BOM:544758) opened 3.5% higher at 103.50 rupees on its trading debut on Thursday, compared with its IPO price of 100 rupees, according to BSE data.The IPO raised about 34.05 billion rupees and comprised a fresh issue worth 23.90 billion rupees and an offer-for-sale worth 10.15 billion rupees by existing unit holders, including Blackstone, according to the company's final offer document filed with SEBI.The IPO was subscribed 23 times, with the retail investor portion subscribed about six times, reflecting strong demand for the issue, according to a Bloomberg report.

BOM:544758NSE:BAGMANE

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Asia53d ago

Australian Shares Flat; Federal Court Rules Against Coles Group on Price Discounts in ACCC Case

ASX 200ASX:COLASX:MP1ASX:XRO