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Yue Yuen Industrial's Profit Slips 54% in Q1

Yue Yuen Industrial (HKG:0551) recorded a 54% decline in attributable profit for the first quarter of 2026 to $35.2 million from $75.8 million a year prior, according to a Wednesday Hong Kong bourse filing.The footwear maker's revenue slipped 2.2% to $1.99 billion from $2.03 billion in the year-ago period.

HKG:0551

Asia54d ago

Henlius Biotech Doses First Patient in Tumor Drug Trial

Shanghai Henlius Biotech (HKG:2696) dosed the first patient in a phase 1 clinical study of HLX97, according to a Wednesday Hong Kong bourse filing.The trial is testing patients with advanced/metastatic solid tumours in Mainland China.

HKG:2696

Asia54d ago

Sumitomo Mitsui Financial Group's Profit Surges 34%

Sumitomo Mitsui Financial Group's (TYO:8316) profit attributable to owners of the parent increased by 34% to 1.583 trillion yen for the fiscal year 2025 from 1.178 trillion yen a year earlier.The financial services group's earnings per share increased to 411.88 yen from 301.48 yen a year ago, according to a Tokyo bourse filing on Wednesday.Ordinary income jumped 6.1% to 10.791 trillion yen for the period ended March 31 from 10.175 trillion yen in the prior year.It declared a final dividend of 79 yen per share, payable from June 29.For the fiscal year 2026, the company expects attributable profit of 1.700 trillion yen, and EPS of 223.75 yen.Sumitomo Mitsui Financial plans to pay interim and year-end dividends of 90 yen per share, each, for the year, based on pre-split share calculations.After considering the stock split, the estimated interim and year-end dividends per share will be 90 yen and 45 yen, respectively.

TYO:8316

Asia54d ago

Finkurve Financial Services Plans to Raise Up To INR750 Million Through Debenture Issue; Shares Up 5%

Finkurve Financial Services Ltd (NSE:FINKURVE, BOM:508954) has received board approval to raise up to 750 million Indian rupees through the issue of non-convertible debentures on a private placement basis.The issue will have a base size of 500 million rupees and a green shoe option of 250 million rupees of debentures with a face value of 10,000 rupees each.The debentures carrying a coupon rate of 11.33% will be allotted on May 14 and mature on Aug. 13, 2028. They are proposed to be listed on the BSE.The company's shares were up nearly 5% in recent trade.

BOM:508954NSE:FINKURVE

Asia54d ago

Zhejiang Runtu to Invest 30 Million Yuan in Venture Capital Fund

Zhejiang Runtu Co (SHE:002440) plans to invest 30 million yuan for a 10% stake in Shaoxing Shangyu Zhishun Venture Capital Fund.The 300-million-yuan fund targets unlisted companies, according to a Wednesday filing with the Shenzhen bourse.The fund has a 20-year term.

SHE:002440

Asia54d ago

Teco Electric to Buy Malaysia's Dynaciate Engineering for MYR200 Million

Teco Electric and Machinery (TPE:1504) is set to acquire Malaysian engineering firm Dynaciate Engineering for about 200 million ringgit.The deal is expected to close in August, according to a Tuesday press release.Following completion, TECO will obtain a controlling stake in Dynaciate and expects to begin recognizing related revenue and profit contributions in the second half of 2026.The Taiwan-based company said the acquisition supports its strategy to expand as an AI data centre solutions provider, particularly in modular data center engineering and infrastructure services across Southeast Asia.

TPE:1504

Asia54d ago

Market Chatter: China Diversifying Oil Purchases Ahead of Trump Visit

China is diversifying its crude oil sources to include the U.S. to boost its energy security ahead of the visit of President Donald Trump to Beijing, Nikkei Asia reported Wednesday.For instance, China is poised to receive a shipment of oil from Iran via Indonesia, the report said.Before the war, China purchased about 90% of Iranian oil via third countries such as Malaysia, but in recent months, China-bound Iranian oil is believed to be transferred ship-to-ship off Malaysian and Indonesian waters, the report said.While China is purchasing Iranian oil, Beijing is also trying to gain leverage over the Washington by buying U.S. oil, the report said.Beijing is avoiding tapping into its strategic reserves to ensure it is not used against them in negotiations, 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

Asia54d ago

South Korean Shares Hit New High on Chip, Auto Gains

South Korean shares closed at a new high on Wednesday, after rebounding from the previous day's losses, owing to gains made by chip and automotive stocks.Shares of major market movers Samsung Electronics (KRX:005930), SK Kynix (KRX:000660), Hyundai Motor (KRX:005380), and Kia (KRX:000270) added nearly 2%, 8%, 10%, and about 7% at market close.The Korea Composite Stock Price Index or Kospi increased by 200.86 points, or 2.6%, to end at 7,844.01. The Kosdaq declined by 2.36 points, or 0.2%, to close at 1,176.93.In economic news, the seasonally adjusted unemployment rate in South Korea in April edged up to 2.8% from 2.7% in March, data from Statistics Korea indicated Wednesday.On an annual basis, the unemployment rate remained unchanged.The number of unemployed people fell to 853,000 in April from 854,000 a year earlier.In corporate news, Hanwha Engine (KRX:082740) secured a contract for a ship engine from Hanwha Ocean (KRX:042660), according to a Wednesday filing with the Korean Exchange.The contract, valued at 354.2 billion won, is valid until June 26, 2028.Shares of Hanwha Engine rose nearly 2% at market close.

^KOSDAQKOSPIKRX:000270KRX:000660KRX:005380KRX:005930

Asia54d ago

SoftBank Group's Net Income More Than Quadruples in Fiscal Year 2025

SoftBank Group's (TYO:9984) net income attributable to owners of the parent soared 334% to 5.002 trillion yen in the fiscal year 2025 from 1.153 trillion yen a year earlier.The investment holding and internet services company's earnings per share increased to 872.47 yen from 194.85 yen a year ago, according to a Tokyo bourse filing on Wednesday.Net sales climbed 7.7% to 7.799 trillion yen for the year ended March 31 from 7.244 trillion yen in the prior year.The company declared a final dividend of 5.50 yen per share.For fiscal year 2026, SoftBank plans to pay interim and year-end dividends of 5.50 yen per share each.

TYO:9984

Asia54d ago

Market Chatter: US-China Police Join Forces in 'Unprecdented' Dubai Scam Bust

U.S. Federal Bureau of Investigation and Chinese police cooperated in a joint Dubai operation targeting scam networks, days before the Xi-Trump summit in Beijing, The South China Morning Post reported Wednesday.Dubai Police said at least nine hubs were dismantled and 276 suspects arrested, according to the report.FBI Director Kash Patel called the cooperation "unprecedented," the SCMP wrote. Three suspects face U.S. fraud charges.(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

Asia54d ago

Jefferies Adjusts Tuya's Price Target to HK$30.33 From HK$28.99, Keeps at Buy

HKG:2391

Asia54d ago

Jefferies Adjusts Max Financial Services' Price Target to INR2,250 From INR2,125, Keeps at Buy

Max Financial Services (NSE:MFSL, BOM:500271) has an average rating of buy and mean price target of 2,070.63 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:500271NSE:MFSL

Asia54d ago

Jefferies Adjusts Sagility's Price Target to INR54 From INR53, Keeps at Buy

Sagility (NSE:SAGILITY, BOM:544282) has an average rating of buy and mean price target of 58.09 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:544282NSE:SAGILITY

Asia54d ago

GIIB Prices Private Placement Shares; Shares Soar 32%

GIIB (KLSE:GIIB) fixed the issue price for the private placement shares at 0.1518 ringgit per share, according to a Tuesday Malaysian bourse filing.Shares surged about 32% in Wednesday's midday trade.The manufacturer of rubber-related compounds plans to place up to 10% of its total issued shares.The issue price represents a nearly 9.96% discount to the five-day volume-weighted average price of company shares up to May 11.

KLSE:GIIB

Asia54d ago

TVS Motor's Consolidated Profit Climbs in Fiscal Q4

TVS Motor's (NSE:TVSMOTOR, BOM:532343) consolidated attributable profit rose to 7.72 billion Indian rupees in the fiscal fourth quarter ended March 31 from 6.48 billion rupees a year ago.Earnings per share climbed to 16.24 rupees from 13.64 rupees a year earlier, the automobile manufacturer said in a filing to the Indian stock exchanges on Wednesday.Revenue from operations in fiscal Q4 increased to 150.5 billion rupees from 115.4 billion rupees.The company's shares were down over 1% in recent trade.

BOM:532343NSE:TVSMOTOR

Asia54d ago

HI Mobility Seeks Share Buyback, Transactions Authority Renewal; Shares Drop 3%

HI Mobility (KLSE:HI) is seeking its shareholders' approval to renew share buyback authority to purchase up to 10% of the issued shares in the company's upcoming annual general meeting, according to a Tuesday Malaysian bourse filing.Shares fell about 3% in Wednesday's midday trade.The bus transportation services company also proposed to seek shareholder approval for the renewal of existing mandates for recurrent related party transactions of a revenue or trading nature.

KLSE:HI

Asia54d ago

Jefferies Adjusts JD Logistics' Price Target to HK$18.50 From HK$18.40, Keeps at Buy

JD Logistics (HKG:2618) has an average rating of buy and mean price target of HK$18.05, 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:2618

Asia54d ago

Jefferies Adjusts Dixon Technologies (India)'s Price Target to INR10,280 From INR10,330, Keeps at Hold

Dixon Technologies (India) (NSE:DIXON, BOM:540699) has an average rating of overweight and mean price target of 12,175.57 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

Asia54d ago

TCL Electronics' Q1 Profit More Than Doubles

TCL Electronics (HKG:1070) recorded HK$359 million in attributable profit for the first quarter of 2026, up 124% from HK$161 million a year earlier, according to a Wednesday filing with the Hong Kong bourse.Earnings per share were HK$0.1416, compared with HK$0.0641 in the prior year period.Revenue rose 15% year on year to HK$29.2 billion, figures showed.

HKG:1070

Asia54d ago

Hong Kong Stocks Eke Out Gains; Metis TechBio, Impact Therapeutics Shine on Debut

Hong Kong stocks edged higher on Wednesday ahead of the meeting between U.S. President Donald Trump and Chinese President Xi Jinping.The Hang Seng Index added 0.2%, or 40.53 points, to close at 26,388.44. The Hang Seng China Enterprises Index barely moved in negative territory to finish at 8,876.38.Trump is expected to arrive in Beijing on Wednesday ahead of talks scheduled for Thursday and Friday.The leaders of the world's two largest economies are set to hold their first face-to-face meeting in more than six months.Discussions are expected to focus on Iran, Taiwan, artificial intelligence, and nuclear weapons, while both sides also weigh extending their critical minerals agreement.Meanwhile, tensions in the Middle East remained unresolved after Trump said he was unlikely to seek China's assistance in ending the conflict with Iran.In corporate news, two companies made their debut on the Hong Kong bourse.Metis TechBio (HKG:7666) closed nearly 127% higher at HK$23.80, well above the offer price of HK$10.50.Impact Therapeutics (HKG:7630) advanced over 108% to close at HK$41.86, compared with the offer price of HK$20.10.

Hang SengHKG:7630HKG:7666

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