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Nomura Adjusts Dixon Technologies (India)'s Price Target to INR13,813 from INR14,678, Keeps at Buy

Dixon Technologies (India) (NSE:DIXON, BOM:540699) has an average rating of overweight and mean price target of 11,925.39 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:540699NSE:DIXON

Asia53d ago

Alembic Pharmaceuticals Gets US FDA's Tentative Approval for Darolutamide Tablets

Alembic Pharmaceuticals (NSE:APLLTD, BOM:533573) has received tentative approval from the US Food and Drug Administration (US FDA) for its Darolutamide Tablets, 300 mg, according to a Thursday filing to the Indian stock exchanges.The Darolutamide tablets are therapeutically equivalent to Bayer HealthCare Pharmaceuticals' reference-listed drug Nubeqa Tablets, 300 mg, which are androgen receptor inhibitors used to treat adult patients with prostate cancer.According to IQVIA estimates, Darolutamide Tablets, 300 mg, have an estimated market size of $3.16 billion for the 12 months ended March.The company's shares were up over 1% in recent trade.

BOM:533573NSE:APLLTD

Asia53d ago

Nomura Adjusts Pop Mart International Group's Price Target to HK$252 from HK$261, Keeps at Buy

Pop Mart International Group (HKG:9992) has an average rating of overweight and mean price target of HK$221.04, 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)

HKG:9992

Asia53d ago

Xi Calls for China-U.S. Partnership During Beijing Summit

Chinese President Xi Jinping on Thursday urged closer cooperation with the U.S. during talks with U.S. President Donald Trump in Beijing, saying the two countries should be partners rather than rivals, Xinhua News reported Thursday.Xi said both nations share more common interests than differences and should help each other succeed.He added that stable China-U.S. ties would benefit the world and expressed hope that 2026 would become a "historic, landmark year" in bilateral relations.

Shanghai Composite^SZSE

Asia53d ago

Nomura Adjusts Pearl Abyss' Price Target to KRW92,000 from KRW84,000, Keeps at Buy

Pearl Abyss (KOSDAQ:A263750) has an average rating of underweight and mean price target of 52,937.50 won, 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)

KOSDAQ:A263750

Asia53d ago

Worley Needs Details Around Drivers for Market to Gain Confidence in Growth Ambitions, Jefferies Says

The details around Worley's (ASX:WOR) near-term and medium-term drivers may become important for the market to gain confidence in its growth ambitions, Jefferies said in a note on Wednesday.The firm reiterated its downgraded guidance, saying it was unlikely to achieve growth in underlying earnings before interest, taxes, and amortization. It is unclear whether the impacts of the conflict in the Middle East are likely to be in the previously outlined Au$30 million to AU$40 million range.Key areas of focus for the firm's growth ambitions are energy transition materials, power, data centers, nuclear, and industrial water.Annualized savings are planned to be about 20% above the AU$100 million flagged in the first half, to AU$120 million, with AU$95 million actioned and a further AU$25 million underway.The investment firm assigned a hold rating on Worley and a price target of AU$11.48 per share.

ASX:WOR

Asia53d ago

Encorp, KBI Properties to Explore Projects Jointly; Shares Rise 4%

Encorp (KLSE:ENCORP) signed a memorandum of understanding (MoU) with KBI Properties to explore potential business collaboration and joint project opportunities, according to a Wednesday Malaysian bourse filing.Shares gained nearly 4% in Thursday's afternoon trade.The MoU sets a framework for both parties to share expertise, manpower, and resources while assessing mutually beneficial property development ventures.The arrangement will remain valid for one year unless extended by mutual consent, it said.

KLSE:ENCORP

Asia53d ago

MTAR Technologies Clinches Purchase Orders Worth $239 Million; Shares Jump 7%

MTAR Technologies (NSE:MTARTECH, BOM:543270) secured purchase orders worth $238.8 million from an undisclosed international client, according to a Thursday filing to the Indian stock exchanges.MTAR is a precision engineering company specializing in critical components for aerospace, defense, nuclear, and clean energy sectors.The company did not specify the nature of the orders but said they are in continuation of regular business with the existing customer.The company's shares jumped over 7% in recent trade.

BOM:543270NSE:MTARTECH

Asia53d ago

Update: ENEOS to Acquire Chevron's Asia-Pacific Downstream Assets in $2.17 Billion Deal

(Updated to add ticker for ENEOS in the first paragraph)ENEOS Holdings (TYO:5020) signed share purchase agreements with several Chevron subsidiaries to acquire 100% of Chevron's downstream fuels and lubricants marketing businesses in Singapore, Malaysia, the Philippines, Australia, Vietnam and Indonesia for $2.17 billion.The deal also includes the acquisition of a 50% non-operated interest in the Singapore Refining Co. from Chevron Singapore, according to a company release on Thursday.The acquisition will be carried out through a special purpose vehicle incorporated in Singapore.The transaction is slated to complete by 2027 and is subject to regulatory approvals, the filing said.

^HNX^HOSE^JKSEFTSE Bursa Malaysia KLCI^PSEI^STITYO:5020

Asia53d ago

Update: Orezone Posts Higher Q1 Adjusted Earnings, Revenue; Shares Gain 6%

(Updates with the stock movement in the headline and last paragraph.)Orezone (ASX:ORE) reported Thursday first-quarter adjusted earnings of $0.07 per share, up from $0.04 a year earlier.Analysts polled by FactSet expected earnings of $0.06.Revenue for the three months ended March 31 was $185.9 million, compared with $82.7 million a year earlier. Analysts surveyed by FactSet expected $178.1 million.The company expects 2026 gold production at the Bombore Mine of 160,000 to 180,000 ounces, with all-in sustaining costs of $2,100 to $2,300 per ounce of gold sold.Orezone shares advanced 6% in recent Thursday trade.

ASX:ORE

Asia53d ago

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

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 Monday. 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

ENEOS to Acquire Chevron's Asia-Pacific Downstream Assets in $2.17 Billion Deal

ENEOS Holdings signed share purchase agreements with several Chevron subsidiaries to acquire 100% of Chevron's downstream fuels and lubricants marketing businesses in Singapore, Malaysia, the Philippines, Australia, Vietnam and Indonesia for $2.17 billion.The deal also includes the acquisition of a 50% non-operated interest in the Singapore Refining Co. from Chevron Singapore, according to a company release on Thursday.The acquisition will be carried out through a special purpose vehicle incorporated in Singapore.The transaction is slated to complete by 2027 and is subject to regulatory approvals, the filing said.

^HNX^HOSE^JKSEFTSE Bursa Malaysia KLCI^PSEI^STI

Asia53d ago

Temple & Webster's Fiscal 2026 Outlook Underscores Material Worsening in Earnings Base, Jefferies Says

Temple & Webster Group's (ASX:TPW) fiscal 2026 outlook underscores a material worsening in the company's earnings base, with margins declining to around 3% as demand softens into the end of the fiscal year, Jefferies said in a Wednesday note.The company said its current margin run-rates would result in fiscal 2027 earnings before interest, taxes, depreciation, and amortization nearly doubling to roughly AU$40 million. However, that "outcome lacks commitment and embeds aggressive margin expansion assumptions," according to Jefferies."What is evident from today's trading update is that despite [Temple & Webster's] discount model, the consumer's level of duress is severe with confidence reaching historical lows," Jefferies said, adding that the company "can no longer justify the insatiable desire for growth at the cost of margin."Jefferies views Temple & Webster's AU$1 billion revenue target for fiscal 2028 as "increasingly aspirational," and doesn't see the company hitting that level within its forecast horizon through fiscal 2029.Still, with retailers looking ahead at a rough fiscal 2027, Temple & Webster seems to be well positioned to capitalize on distressed peers, many of whom are far more capital intensive, the equity research firm said.Jefferies maintained a buy rating on the company and lowered its price target to AU$8.95 from AU$14.50.Temple & Webster Group's shares tumbled 5% in recent Thursday trade.

ASX:TPW

Asia53d ago

Kaynes Technology India's Consolidated Profit Rises in Fiscal Q1; Shares Plummet 16%

Kaynes Technology India's (NSE:KAYNES, BOM:543664) consolidated profit fell to 912.2 million Indian rupees in the fiscal fourth quarter from 1.16 billion rupees a year ago, according to a Wednesday filing to the Indian stock exchanges by the IT solutions company.The company's shares plunged 16% in early trade on Thursday.Earnings per share in the quarter ended March 31 contracted to 13.23 rupees from 17.99 rupees a year earlier.Revenue from operations in fiscal Q4, however, increased to 12.4 billion rupees from 9.84 billion rupees a year ago.

BOM:543664NSE:KAYNES

Asia53d ago

Yixintang Pharmaceutical's Chairman Transfers Stake to Daughters

Yixintang Pharmaceutical's (SHE:002727) chairman and controlling shareholder, Ruan Hongxian, transferred 2% of the company's total shares to his daughters, according to a Shenzhen bourse filing on Thursday.The daughters, Ruan Shengxiang and Ruan Aixiang, will receive 1%, or nearly 5.9 million shares each.After the transaction, Ruan Hongxian's holdings in the company declined to 27.2% from 29.1%.The pharmaceutical company's shares rose less than 2% during the midday trade.

SHE:002727

Asia53d ago

United Malacca Discloses April Production Figures

United Malacca (KLSE:UMCCA) reported fresh fruit bunch production of 41,386 tonnes for April, according to a Wednesday Malaysian bourse filing.Shares gained over 1% in Thursday's afternoon trade.The group also produced 13,210 tonnes of crude palm oil and 2,953 tonnes of palm kernel during the month.

KLSE:UMCCA

Asia53d ago

US-China Bilateral Talks Conclude After Two Hours

Shanghai Composite^SZSE

Asia53d ago

Xi Says US, China Could 'Come Into Conflict' if Taiwan Issue Mishandled

Shanghai Composite^SZSE

Asia53d ago

Update: GrainCorp Posts Lower Fiscal H1 Earnings, Revenue; Reaffirms Fiscal 2026 Outlook; Shares Fall to Five-Year Low

(Updates with the stock movement in the headline and last paragraph.)GrainCorp (ASX:GNC) reported Thursday fiscal first-half earnings of AU$0.021 per share, down from AU$0.261 a year earlier.Analysts polled by FactSet expected earnings of AU$0.31.Revenue for the six months ended March 31 was AU$3.88 billion, compared with AU$4.09 billion a year earlier. Analysts surveyed by FactSet expected AU$4.08 billion.The agribusiness and processing company reaffirmed its fiscal 2026 guidance of underlying earnings before interest, taxes, depreciation, and amortization of AU$200 million to AU$240 million and underlying net profit after tax of between AU$20 million and AU$50 million.The board declared an interim dividend of AU$0.14 per share, unchanged from a year earlier, payable July 16 to shareholders on record as of July 2.GrainCorp shares fell more than 13% in recent Thursday trade to hit their lowest level since July 2021.

ASX:GNC

Asia53d ago

CL Educate Narrows Consolidated Loss in Fiscal Q4

CL Educate (NSE:CLEDUCATE, BOM:540403) narrowed its consolidated attributable loss to 87.4 million Indian rupees in the fiscal fourth quarter ended March 31 from a loss of 101.0 million rupees a year ago.Loss per share contracted to 1.92 rupees from 2.91 rupees a year earlier, the education services provider said in a filing to the Indian stock exchanges on Thursday.Revenue from operations in fiscal Q4 increased 1.18 billion rupees from 974.6 million Indian rupees a year ago.The company's shares were up over 2% in recent trade.

BOM:540403NSE:CLEDUCATE

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