Financial News · Live Terminal

Page 488 of 826

WeRide's Loss Widens in Q1; Shares Fall 4%

WeRide (HKG:0800) posted a loss attributable to ordinary shareholders of 389.1 million yuan for the first quarter, widening from a loss of 385.1 million yuan a year earlier, according to a Wednesday Hong Kong bourse filing.Shares of the autonomous driving technology firm were down nearly 4% in Thursday morning trade.Loss per share came in at 0.38 yuan from 0.46 yuan a year earlier.Revenue increased 58% to 114.1 million yuan from 72.4 million yuan in the prior-year period.

HKG:0800

Asia53d ago

Samsung Fire & Marine Insurance's Net Income Rises 4.4% in Q1; Shares Rise 6%

Samsung Fire & Marine Insurance (KRX:000810) posted first-quarter net income of 634.7 billion won, up 4.4% from 608.1 billion won a year earlier, according to a Thursday filing with the Korea Exchange.The South Korean insurance company's sales rose 9.3% to 6.676 trillion won from 6.105 trillion won.Shares of Samsung Fire & Marine Insurance rose nearly 6% in recent trade.

KRX:000810

Asia53d ago

China Stocks Open Higher as Xi Welcomes Trump in Beijing

China stocks opened higher on Thursday as President Xi Jinping welcomed his U.S. counterpart Donald Trump at the Great Hall of the People in Beijing for their high-stakes summit.The Shanghai Composite Index, the main gauge of Chinese stocks, opened 0.3% higher at 4,255.32. The Shenzhen Component Index rose 0.6% at the opening bell to 16,189.64.The meeting between the leaders of the world's two largest economies, delayed due to the war in Iran, could focus on artificial intelligence, tariffs, and geopolitical issues, among others, multiple media reported.Global tech bosses joined Trump on this trip, including Nvidia CEO Jensen Huang and Tesla's Elon Musk.U.S. Secretary of State Marco Rubio said China should take a more "active role" in resolving the conflict in Iran and reopening the Strait of Hormuz, Fox News reported Wednesday.

Shanghai Composite^SZSE

Asia53d ago

NZX Midday Sector Update: Finance Advances, Health Services Decline

Finance shares gained the most on New Zealand's Exchange, rising past 1% by midday Thursday.ANZ Group Holdings (ASX:ANZ, NZE:ANZ) gained almost 2% in recent trade.Meanwhile, health services shares fell almost 2%.Shares of Summerset Group Holdings (NZE:SUM, ASX:SNZ) drove the decline, falling almost 1% in recent trade.

^NZ50ASX:ANZASX:SNZNZE:ANZNZE:SUM

Asia53d ago

China Datang Renewable to Redeem 1.9 Billion Yuan Bonds in June

China Datang Renewable Power (HKG:1798) will not exercise the renewal option for its 1.9 billion yuan renewable corporate bonds and will redeem the notes in full on June 26, according to a Wednesday Hong Kong bourse filing.Shares of the power supplier were down nearly 3% in Thursday morning trade.The bonds were issued in June 2023 with a fixed coupon rate of 3.20%.The company said the bonds carry a three-year basic interest-bearing cycle, with an option to extend the maturity by another three years or settle the bonds in full at the end of the cycle.

HKG:1798

Asia53d ago

Tata Motors' Consolidated Net Profit Rises in Fiscal Q4

Tata Motors' (NSE:TATAMOTORS, BOM:500570) consolidated net profit rose to 17.9 billion Indian rupees in the fiscal fourth quarter ended March 31, from 13.4 billion rupees a year ago.Earnings per share came in at 4.87 rupees from 3.65 rupees a year earlier, the commercial vehicles manufacturer said in a filing to the Indian stock exchanges. The EPS was lower than the 5.64 rupees estimated by analysts polled by Visible Alpha.Revenue from operations in fiscal Q4 increased to 261.0 billion rupees from 218.6 billion rupees a year ago. This was higher than Visible Alpha's estimate of 193.2 billion rupees.The company's board recommended a final dividend of 4 rupees per equity share of 2 rupees each for the financial year ended March 31, to be paid by July 2.

BOM:500570NSE:TATAMOTORS

Asia53d ago

New World Development Clarifies 11 Skies Talks With Airport Authority Ongoing

New World Development Company (HKG:0017) said discussions with Airport Authority Hong Kong over possible changes to contractual arrangements for its 11 Skies project are ongoing, and no agreement has been reached, according to a Thursday Hong Kong bourse filing.Earlier, the South China Morning Post reported that the Airport Authority had taken over retail operations at the 11 Skies project ahead of the opening of Terminal 2 at Hong Kong International Airport.The report said the authority had assumed control of about 2.66 million square feet of retail and dining space, representing roughly 70% of the project, while the status of the experiential entertainment and office portions remained unclear.Separately, the developer said no agreement has been reached with any potential investor regarding a possible investment in the company.New World also said it was not aware of any deadline for resetting the group's financing terms.

HKG:0017

Asia53d ago

US Grants Accelerated Approval to BeOne Medicines' Blood Cancer Treatment Beqalzi

BeOne Medicines (SHA:688235, HKG:6160) said the U.S. Food and Drug Administration granted accelerated approval to Beqalzi to treat a type of rare blood cancer, according to a Thursday filing with the Hong Kong bourse.The drug, also known as sonrotoclax, will be available for adult patients with relapsed or refractory mantle cell lymphoma who have failed at least two lines of system therapy.Continued approval for this indication will remain contingent upon confirmation of clinical benefit in the ongoing trial of the medicine.Beqalzi holds the breakthrough therapy, fast-track, and orphan drug designations in this indication, BeOne said.Shares of the company were up over 2% in pre-market trade.

HKG:6160SHA:688235

Asia53d ago

Update: Megaport's Latitude.sh Secures AU$254 Million in Compute, Network, Storage Contracts; Shares Up 34%

(Updates to add stock movement in the headline and last paragraph)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, according to a Thursday Australian bourse filing.The company said the contracts are with two US-based technology customers running AI applications, with two contracts covering about 90% of the TCV on 36-month initial terms and the third on a 24-month term.The contracts require about AU$140.3 million in incremental capital expenditure primarily for high-performance NVIDIA GPU, compute, network, and storage hardware, with an attractive payback of about two years, the filing added.Megaport will fund the capital expenditure via a combination of existing cash reserves and available capacity under a newly upsized AU$150 million debt facility, with hardware orders placed and delivery expected in late fiscal year 2026 or early fiscal year 2027, the filing added.Pro-forma liquidity as at December 31, 2025, including these contracts and the strategic deal announced on April 27, would have been about AU$199.1 million, it added.The company reaffirmed fiscal year 2026 revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance for the combined group.The company said its fiscal year 2026 group capital expenditure guidance of AU$90 million to AU$100 million remains unchanged, excluding these contracts and the recent strategic deal, though capital expenditure could increase by up to a further AU$140.3 million if equipment is delivered before June 30.The company's shares jumped around 34% in recent Thursday trade.

ASX:MP1

Asia53d ago

Shionogi Covid Pill Reduced Infection Risk in Late-Stage Study

Shionogi & Co's (TYO:4507) oral antiviral ensitrelvir significantly reduced the risk of COVID-19 infection among household contacts of infected patients in a phase 3 post-exposure prophylaxis trial, according to study results published Wednesday.The randomized, double-blind, placebo-controlled study enrolled more than 2,000 participants across Japan, assigning them to receive either ensitrelvir or placebo within 72 hours of symptom onset in an index case. By day 10, COVID-19 occurred in 2.9% of those receiving ensitrelvir versus 9.0% in the placebo group, corresponding to a risk reduction of about 67%.The safety profile was broadly comparable between the two groups, with similar rates of adverse events and no COVID-19-related hospitalisations or deaths reported during the trial.Ensitrelvir is already approved in Japan for the treatment of mild-to-moderate COVID-19, and the company said the findings support its potential use in preventing infection following household exposure.

TYO:4507

Asia53d ago

Trump, Xi Shake Hands on Red Carpet Ahead of High-Stakes Summit in Beijing

Shanghai Composite^SZSE

Asia53d ago

Alicanto Minerals Strikes Deals to Strengthen Focus on Western Australia Gold Project; Proposes Name Change; Shares Gain 8%

Alicanto Minerals (ASX:AQI) has struck a series of deals to advance its Swedish asset portfolio and expand the footprint of its Mt Henry project in Western Australia, according to a Thursday filing with the Australian bourse.For the Swedish portfolio, the company signed a letter of intent for a proposed earn-out with Medaro Mining related to the Sala project, as well as a separate earn-out agreement with a Canadian private mining group for its Falun and Greater Falun projects.Together, the Swedish transactions have the potential to deliver up to around AU$9 million in cash, milestone payments, and share consideration to Alicanto, as well as AU$11.8 million in third-party funded exploration expenditure across the projects.Alicanto also reached a deal with Cullen Resources (ASX:CUL) to acquire the granted exploration licenses E63/2216 and E63/1894 adjacent to the Mt Henry project. The tenure, which is underexplored and prospective for gold mineralization, expands Alicanto's regional footprint by around 90 square kilometers. The consideration for the deal includes AU$100,000 in cash.The company plans to use funds from the Swedish portfolio deals for exploration activities at the Mt Henry project and for general working capital.Additionally, Alicanto has proposed changing its name to Sinclair Gold to reflect a focus on its Western Australian gold business. The company has reserved "SGC" as its new ticker code, subject to approvals.Shares of Alicanto Minerals gained 8% in recent Thursday trade.

ASX:AQIASX:CUL

Asia53d ago

TenNor Therapeutics Launches Up to HK$627 Million Hong Kong IPO

TenNor Therapeutics (HKG:6872) launched its Hong Kong initial public offering on Thursday, seeking to raise about HK$626.8 million from the deal.The China-based near-commercial stage biotechnology company is offering 8.3 million shares at HK$75.70 each, according to a Hong Kong bourse filing.The offering comprises 828,100 shares for Hong Kong investors and 7.5 million shares for international investors, subject to reallocation, the offer size adjustment option, and the overallotment option.Allocation results are due by May 21, ahead of the company's planned trading debut on May 22.Net proceeds will be used mainly to fund the research, development, regulatory filings, and commercialization of core products rifasutenizol and rifaquizinone injection.The funds will also be used to support clinical development of TNP-2092, advance other pipeline candidates, construct an in-house manufacturing facility in Guangdong, and for working capital and general corporate purposes.CITIC Securities (Hong Kong) and ABCI Capital are acting as joint sponsors.CLSA and ABCI Capital are serving as sponsor-overall coordinators, overall coordinators, and joint global coordinators, while also acting as joint bookrunners alongside China Renaissance Securities (Hong Kong).CLSA, ABCI Securities Company, China Renaissance Securities (Hong Kong), Futu Securities International (Hong Kong), and Tiger Brokers (HK) Global are acting as joint lead managers.

HKG:6872

Asia53d ago

Trump's Motorcade Heads to Beijing's Great Hall of the People

Shanghai Composite^SZSE

Asia53d ago

Manulife Financial's Q1 Attributable Net Income More Than Doubles

Manulife Financial (HKG:0945, PSE:MFC) recorded CA$1.15 billion in attributable net income for the first quarter of 2026, more than double the CA$485 million a year earlier, according to a Thursday filing with the Hong Kong bourse.Earnings per share were CA$0.65, compared with CA$0.25 in the prior year period.Core earnings rose 8% year on year to CA$1.84 billion from CA$1.77 billion, while core EPS increased 11% to CA$1.06 from CA$0.99.Core revenue for the quarter climbed to CA$2.15 billion from CA$2.14 billion in the year-ago period.The insurer declared a quarterly dividend of CA$0.485 per share, payable on and after June 19, to shareholders on record as of May 29.

HKG:0945PSE:MFC

Asia53d ago

Boan Biotechnology Announces HK$200 Million Share Buyback

Shandong Boan Biotechnology (HKG:6955) announced plans to buy back up to HK$200 million of its shares, according to a Wednesday filing with the Hong Kong bourse.The pharmaceutical company's shares gained over 3% in morning trade Thursday.

HKG:6955

Asia53d ago

Xi to Receive Trump at Beijing's Great Hall of the People Shortly

Shanghai Composite^SZSE

Asia53d ago

Black Canyon Beneficiation Trials Generate High-Grade Manganese Oxide Products

Black Canyon's (ASX:BCA) ongoing beneficiation trials generated high-grade manganese oxide products with grades over 40% from blended low, medium, and high-grade Wandanya feeds through density-based heavy liquid separation, according to a Thursday filing with the Australian bourse.Blend one achieved manganese concentrations of nearly 42% and 45% from a 32% feed grade at densities of 2.8 grams per cubic centimeter (g/cm3) and 3.0 g/cm3. Blend two upgraded a 29% feed grade to 41% and nearly 44% manganese at the same densities.Manganese recoveries for both blends ranged from 73% to 82%, with low penalty elements in the beneficiated products, the filing said.

ASX:BCA

Asia53d ago

ALSOK, Carlyle Launch Bid for Nippon Dry-Chemical Stake

ALSOK (TYO:2331) and Carlyle-backed TCG2511 will launch a tender offer for Nippon Dry-Chemical (TYO:1909) at 3,730 yen per share, aiming to acquire all outstanding shares of the fire protection equipment maker, according to a Thursday filing on the Tokyo Stock Exchange.The offer will run from May 14 to June 29 and targets full ownership of the company, with a minimum acceptance threshold of 13.5 million shares and no upper limit. If the condition is met, the buyers plan a squeeze-out through share consolidation, potentially leading to delisting under exchange rules.ALSOK already holds about 16% of Nippon Dry-Chemical and has treated it as an equity-method affiliate since 2016. Carlyle, through the joint acquisition vehicle, holds no prior stake.The companies said they will retain ALSOK and Carlyle as the ultimate shareholders after a post-transaction restructuring involving a holding company, with ownership split roughly 51:49.Nippon Dry-Chemical's board has endorsed the tender offer and recommended shareholders tender their holdings after reviewing valuation, premium levels and strategic rationale.

TYO:1909TYO:2331

Asia53d ago

LY Corp. Submits Capital Policy Proposal On Kakaku.com

LY Corp. (TYO:4689) submitted a capital policy proposal regarding Kakaku.com (TYO:2371), jointly with a Bain Capital-advised investment fund, including a possible full acquisition via a cash tender offer, according to a Thursday filing on the Tokyo Stock Exchange.The proposal outlines a possible cash tender offer for all Kakaku.com shares and stock acquisition rights, followed by a squeeze-out process, with a revised indicative price of 3,232 yen per share in the latest version.LY Corp. said Kakaku.com holds strategic value due to its data assets and user traffic, and that integration could support new revenue models and AI-related opportunities.

TYO:2371TYO:4689

Showing 9741-9760 of 16518