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Endeavour Group Confirms Tim Poole as Independent Chairman

Endeavour Group's (ASX:EDV) board confirmed the appointment of Tim Poole as its independent chairman, effective Thursday, according to a same-day filing with the Australian bourse.Duncan Makeig has completed his term as the company's interim chairman and will remain as a non-executive director, per the filing.Endeavour Group shares were down 2% in recent Thursday trade.

ASX:EDV

Asia53d ago

Jefferies Adjusts Tokyo Seimitsu's Price Target to 22,000 Yen from 18,000 Yen, Keeps at Buy

Tokyo Seimitsu (TYO:7729) has an average rating of overweight and mean price target of 17,775 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)

TYO:7729

Asia53d ago

Apex International Incurs About NT$823 Million in Q1 Profit

Apex International (TPE:4927) posted a net loss attributable to owners of NT$822.6 million in the first quarter, or NT$3.10 per basic share, according to a Wednesday disclosure on the Taiwan Exchange.Shares slid nearly 1% in Thursday's late morning trade.The manufacturer of PPE gloves did not provide comparative year-ago figures.Operating revenue amounted to NT$2.76 billion, it said.

TPE:4927

Asia53d ago

Coronado Global Resources Faces Q2 Cash Pressures, Says Jefferies, Shares Fall 7%

Coronado Global Resources (ASX:CRN) faced significant second-quarter cash pressures, including about AU$97 million of fixed cash obligations and an additional AU$25 million to AU$60 million required for inventory rebuilding, according to a Wednesday note by Jefferies.The investment firm noted that cash balances have fallen to about AU$86.5 million, partly offset by a AU$95 million working capital package and about AU$26 million per quarter of Stanwell prepayment support, while total liabilities increased to about AU$563 million and are compounding at about AU$18 million per quarter.Pricing lag effects are estimated to provide a benefit of about AU$54 million to AU$61 million, while fourth quarter pricing recovery could add a further AU$23 million, Jefferies said.Improved production and cost absorption at the Curragh operation are expected to reduce unit costs, excluding foreign exchange impacts, to about $92 per tonne at production of 2.5 million tonnes, the note added.Jefferies kept a hold rating on Coronado Global Resources with a price target of AU$0.29.The company's shares fell 7% in recent Thursday trade.

ASX:CRN

Asia53d ago

Jefferies Adjusts Screen Holdings' Price Target to 12,000 Yen from 10,000 Yen, Keeps at Hold

Screen Holdings (TYO:7735) has an average rating of overweight and mean price target of 12,403.12 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)

TYO:7735

Asia53d ago

Shang Hai Ya Tong Unit to Set Up 18-Million-Yuan New Energy Entity

Shang Hai Ya Tong (SHA:600692) subsidiary Yatong Real Estate will invest 18 million yuan to wholly establish Shanghai Yaxing Energy Construction Management.The new entity will focus on new energy project development as well as engage in electric vehicle charging infrastructure, contract energy management and related technical services.Shares of the real estate developer were down 1% in recent trade.

SHA:600692

Asia53d ago

Jefferies Adjusts Torrent Power's Price Target to INR1,700 from INR1,485, Keeps at Buy

Torrent Power (NSE:TORNTPOWER, BOM:532779) has an average rating of hold and mean price target of 1,470.22 Indian rupees, 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)

BOM:532779NSE:TORNTPOWER

Asia53d ago

General Plastic Industrial Logs NT$36 Million Profit in Q1

General Plastic Industrial (TPE:6128) posted a net profit attributable to owners of NT$36.0 million in the first quarter, or NT$0.28 per basic share, according to a Wednesday disclosure on the Taiwan Exchange.Shares slid over 3% in Thursday's late morning trade.The imaging supplies manufacturer did not provide comparative year-ago figures.Operating revenue amounted to NT$1.34 billion, it said.

TPE:6128

Asia53d ago

Okamura Foods Unit to Form Trout Farming Venture in Hokkaido

Okamura Foods (TYO:2938) announced its unit Japan Salmon Farm will establish a joint venture with Hiyama Fisheries Cooperative Association and Yakumo Town in Hokkaido to engage in trout aquaculture and seafood sales, according to a Thursday filing on the Tokyo Stock Exchange.The new company, tentatively named Japan Salmon Farm Yakumo, is scheduled to be established in late May with a capital of 70 million yen. Japan Salmon Farm will hold a 97.1% stake, while Hiyama Fisheries Cooperative Association and Yakumo Town will each own 1.4%.Okamura Foods said the venture forms part of its strategy to expand domestic aquaculture production capacity and overseas wholesale operations under its Medium-term Management Targets 2030 plan. The company aims to increase domestic aquaculture production to 12,000 tons and sees land-based farms as a key area for expansion.Operations at the joint venture are scheduled to begin in December.

TYO:2938

Asia53d ago

Carnaby Resources Delivered 'Excellent' Drilling Results at Queensland Project; Remains Undervalued, Euroz Hartleys Says

Carnaby Resources (ASX:CNB) delivered "excellent" drilling results from a new Footwall lode at its Greater Duchess copper-gold project in Queensland, materially improving the resource potential at the Trek 1 prospect, Euroz Hartleys said in a Thursday note.The results included intercepts of 19 meters at 7.1% grade of copper-equivalent, including 4.4% grade of copper and 3.1 grams per tonne grade of gold, from 256 meters, as well as 16 meters at 2.4% grade of copper-equivalent, including 2% grade of copper and 0.5 g/t grade of gold, from 197 meters.The deposit is open up-dip toward the existing Trek 1 ore reserve pit and needs further drilling to confirm the results. "There is potential for meaningful pit shell growth and higher ore reserve inventories," if the deposit is confirmed up-dip, the equity research firm said."We note recent drilling continues to define consistent, high-grade copper-gold mineralization at depth, which in our view materially strengthens the long-term production profile of Greater Duchess," Euroz Hartleys added.The investment firm maintains a speculative buy recommendation on Carnaby Resources with a price target of AU$0.96 per share, saying the company continues to be undervalued relative to its peers and production potential.

ASX:CNB

Asia53d ago

Market Chatter: Nvidia's Huang Says US-China Meetings Were "Excellent"

Jensen Huang, Nvidia's chief executive officer, said the meetings between the U.S. and China "went excellent," according to a report on RTHK on Thursday.In a last-minute decision, Huang joined U.S. President Donald Trump's delegates to Beijing, which included Tesla's Elon Musk and Apple's Tim Cook, the report said.Huang also told state media CCTV he hoped the meeting between Trump and Chinese President Xi Jinping would be able to boost bilateral ties, Reuters reported on the same day.Nvidia is currently unable to deliver its H200 chips to China, the report 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.)

Shanghai Composite^SZSE

Asia53d ago

Yamabiko to Liquidate Dubai Subsidiary Amid Middle East Instability

Yamabiko (TYO:6250) said it will dissolve and liquidate its wholly owned UAE subsidiary, Yamabiko General Trading, citing worsening instability in the Middle East, according to a Thursday filing on the Tokyo Stock Exchange.The company said it established the Dubai-based subsidiary in December 2025 to expand operations in the Middle East, but determined it would be difficult to achieve the stable business environment initially envisioned, even if regional tensions ease.Yamabiko said it decided to prioritize risk avoidance and management resource optimization.The company said its headquarters will directly oversee operations in the region going forward while maintaining product supply and support for distributors in Turkey and other Middle Eastern markets.

TYO:6250

Asia53d ago

Honda Indefinitely Suspends Canada EV Supply Chain Project Amid Sluggish Demand

Honda Motor (TYO:7267) said it indefinitely suspended its plan to establish a comprehensive electric vehicle value chain in Ontario, Canada, after previously delaying the project by about two years amid slowing EV demand, according to a Thursday filing on the Tokyo Stock Exchange.The automaker had originally disclosed the Canada EV supply chain project in April 2024 as part of efforts to strengthen its North American electric vehicle operations. Honda later said in May 2025 that it would postpone the plan by about two years because of weaker demand growth for EVs.

TYO:7267

Asia53d ago

Jefferies Adjusts IIFL Finance's Price Target to INR520 from INR500, Keeps at Hold

BOM:532636NSE:IIFL

Asia53d ago

Xi Meets With U.S. Business Leaders

Chinese President Xi Jinping followed up the two-hour talk with U.S. President Donald Trump by meeting with American business leaders on Thursday, BBC News reported.Xi said China is open for more business, adding that American firms will find broader prospects in the country, according to the report.He noted that U.S. companies have been deeply involved in China's growth, with both sides benefiting, BBC wrote. Beijing, he said, welcomes stronger reciprocal cooperation.Trump brought with him a delegation of prominent U.S. executives, including leaders from Meta, Tesla, BlackRock, Illumina, Mastercard and Visa, during the summit.

Shanghai Composite^SZSE

Asia53d ago

Mercurius Capital Investment Narrows Attributable Loss in Q1

Mercurius Capital Investment (SGX:5RF) narrowed its attributable loss to equity holders by 44% during the first quarter of the year to SG$110,000 from SG$197,000 a year earlier, according to a Thursday filing with the Singapore Exchange.The property investment company's loss per share trimmed to SG$0.00008 compared with SG$0.00014 in the year-ago period.The company did not report any revenue during the period or in the prior period.

SGX:5RF

Asia53d ago

Jefferies Adjusts Ningbo Tuopu Group's Price Target to 79.50 Yuan from 80.40 Yuan, Keeps at Buy

Ningbo Tuopu Group (SHA:601689) has an average rating of overweight and mean price target of 68.12 yuan, 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)

SHA:601689

Asia53d ago

Correction: Zhaojin Mining Says Three Killed in Incident at Unit's Under-Construction Mine; Shares Down 12%

(Corrects the day of the incident in the second paragraph to Wednesday)Zhaojin Mining Industry (HKG:1818) said an incident at a mine under infrastructure construction operated by wholly owned unit Zhaoyuan Jintingling Mining Industry resulted in three deaths and two injuries, according to a Thursday Hong Kong bourse filing.The incident occurred during slag removal on Wednesday. The injured are in stable condition, the company said.Following the incident, the group's operating production mines in the Zhaoyuan region have been suspended for inspection at the request of local emergency management authorities.Zhaojin Mining said follow-up handling and an investigation are underway, and the company is assessing the impact of the incident on the group's overall operations.Shares of the mining firm were down nearly 12% in Thursday's midday trade.

HKG:1818

Asia53d ago

Orezone Exits Q1 With Clear Production Growth Pathway, Euroz Hartleys Says

Orezone (ASX:ORE) has a clear production growth pathway following its first-quarter results and the completion of its Hecla Quebec acquisition, Euroz Hartleys said in a Thursday note.The company's Bomboré gold mine in Burkina Faso delivered a stage 1 hard rock expansion on time and within budget, reflecting strong execution by the operating team, while overall mill performance surpassed expectations despite the impact of intermittent emulsion supply, the equity research firm said.Bomboré is well-positioned for a stronger second half as emulsion supply issues have been resolved and a stage 2A expansion remains on schedule for completion late in the third quarter, supporting higher and more stable production, the investment firm said.Meanwhile, the Casa Berardi gold mine in Canada is also ramping up, "providing a second growth platform with scope to outperform expectations," Euroz Hartleys said.It maintained a speculative buy recommendation on Orezone while lowering its price target to AU$4.30 per share from AU$4.35.

ASX:ORE

Asia53d ago

US Reaffirms 'Clear, Full Support' for Taiwan, Government Spokesperson Says

The U.S. has reaffirmed its support for Taiwan, according to multiple media reports Thursday."The US side has repeatedly reaffirmed its clear and firm support for Taiwan," Cabinet spokesperson Michelle Lee was quoted by the AFP as saying to reporters.Chinese President Xi Jinping earlier said the question on Taiwan is the most important issue in bilateral relations with the U.S., according to a Xinhua report.Ahead of the US-China summit, China's Embassy in the U.S. outlined four "red lines" that it said "must not be challenged" during the bilateral talks. These include "the Taiwan question."China regards self-governing Taiwan as its province. The U.S. recognizes the government in Beijing but its domestic law requires providing weapons to Taiwan so it could defend itself, the AFP said.

Shanghai Composite^SZSETaiwan Weighted

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