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China Resources Power's Output Climbs 11% in April

China Resources Power's (HKG:0836) total output from subsidiary power plants jumped 11% year over year in April to 20.3 million megawatt-hours.For the four months ended April 30, net generation from thermal plants, wind farms, hydro plants and photovoltaic plants climbed 15% to 81 million MWH, according to a Tuesday Hong Kong bourse filing from the power generation company.

HKG:0836

Asia54d ago

DMR Engineering Wins Hydropower Consultancy Order in Bhutan; Shares Plummet 20%

DMR Engineering (BOM:543410) received a work order worth 18 million Indian rupees from Wangchhu Hydroelectric Power, Bhutan, according to an Indian bourse filing on Monday.Shares of the company plunged nearly 20% in Tuesday's trade.The order is for consulting services related to the design and engineering of a diversion tunnel and allied works for a 570 MW hydropower project, the filing said.The contract is to be completed in eight months, it said.

BOM:543410

Asia54d ago

PNE Industries Swings to Loss in Fiscal H1

PNE Industries (SGX:BDA) booked a loss after tax of SG$668,000 during the fiscal first half ended March 31, against a profit of SG$461,000 a year earlier.Loss per share came in at SG$0.008, compared with earnings per share of SG$0.005 in the year-ago period, according to a Tuesday filing with the Singapore Exchange.The electronics manufacturing services company's revenue declined year over year to SG$31.3 million from SG$34.9 million.The company proposed an interim dividend of SG$0.005 per share for the period, compared with SG$0.01 from the prior year. The dividend will be paid on June 12.

SGX:BDA

Asia54d ago

Nomura Adjusts Titan's Price Target to INR4,950 From INR4,925, Keeps at Buy

Titan (NSE:TITAN, BOM:500114) has an average rating of overweight and mean price target of 5,044.62 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:500114NSE:TITAN

Asia54d ago

Nomura Adjusts JSW Infrastructure's Price Target to INR350 From INR340, Keeps at Buy

JSW Infrastructure (NSE:JSWINFRA, BOM:543994) has an average rating of overweight and mean price target of 335.12 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:543994NSE:JSWINFRA

Asia54d ago

Panasonic's Profit Drops 48% in Fiscal Year 2026

Panasonic's (TYO:6752) profit attributable to owners of the parent fell 48% to 189.5 billion yen in the fiscal year 2026 from 366.2 billion yen a year earlier.The electronics company's earnings per share declined to 81.17 yen from 156.83 yen a year ago, according to a Tokyo bourse filing on Tuesday.Net sales slipped 4.8% to 8.049 trillion yen in the year ended March 31 from 8.458 trillion yen in the prior year.The company declared a final dividend of 20 yen per share for the fiscal year, payable from June 1.For the fiscal year 2027, Panasonic expects attributable profit of 420 billion yen, basic EPS of 179.89 yen, and net sales of 7.600 trillion yen.Panasonic plans to pay interim and year-end dividends of 27 yen per share each for the year, which is higher than the amount paid in the year-ago period.

TYO:6752

Asia54d ago

Dynamic Cables' Consolidated Profit Rises in Fiscal Q4; Shares Plunge 20%

Dynamic Cables' (NSE:DYCL, BOM:540795) profit rose to 241.7 million Indian rupees in the fiscal fourth quarter ended March 31, from 235.6 million Indian rupees a year ago, according to a Tuesday filing to the Indian stock exchanges.Earnings per share climbed to 4.99 rupees from 4.87 rupees a year ago, the cable manufacturer said in a filing to the Indian stock exchanges on Tuesday.Revenue from operations in fiscal Q4 also increased to 3.55 billion rupees from 3.31 billion rupees a year ago.The company's board recommended a final dividend of 0.50 rupees per equity share of face value of 10 rupees each fully paid up, for the financial year ended March 31.The company's shares were down 20% in recent trade.

BOM:540795NSE:DYCL

Asia54d ago

Jefferies Adjusts Oberoi Realty's Price Target to INR1,735 From INR1,680, Keeps at Hold

Oberoi Realty (NSE:OBEROIRLTY, BOM:533273) has an average rating of overweight and mean price target of 1,766.89 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:533273NSE:OBEROIRLTY

Asia54d ago

Hotung Investment Buys Back Shares

Hotung Investment (SGX:BLS) bought back 20,000 shares in the open market on Tuesday for SG$33,664, according to a same-day filing with the Singapore Exchange.The venture capital investment company could repurchase around 9.5 million shares under its existing repurchase mandate.

SGX:BLS

Asia54d ago

Speculative-Grade Corporate Defaults Could Worsen Amid Middle East Impact, S&P Says

Speculative-grade corporate defaults in Asia-Pacific could rise over the next year amid the impact of the Middle Eastern conflict, S&P Global Ratings said in a recent release.The region's trailing 12-month speculative-grade corporate default rate could soar to 2.25% by March next year from 0.7% in December 2025.The rise in defaults will keep energy prices above pre-war figures for a significant period, S&P analyst Nick Kraemer said.S&P's forecast for the default rate ranges from zero under its optimistic scenario to 5% under a pessimistic case.The optimistic scenario considers S&P's base case for the conflict and little to zero direct impact from the stoppage of energy and materials flows.Meanwhile, the pessimistic scenario entails lingering disruption to energy and shipping flows and stronger credit stress, S&P said.

ASX 200Hang SengNikkei 225Shanghai Composite^SZSE

Asia54d ago

Jefferies Adjusts Hitachi's Price Target to 6,100 Yen From 6,000 Yen, Keeps at Buy

Hitachi (TYO:6501) has an average rating of buy and mean price target of 5,988.24 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:6501

Asia54d ago

Jefferies Adjusts Towa's Price Target to 4,000 Yen From 3,400 Yen, Keeps at Buy

TYO:6315

Asia54d ago

Jefferies Adjusts Sky Perfect JSAT Holdings' Price Target to 3,500 Yen From 3,100 Yen, Keeps at Hold

Sky Perfect JSAT Holdings (TYO:9412) has an average rating of buy and mean price target of 3,933.62 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:9412

Asia54d ago

Goodbaby International's Revenue Climbs 6.4% in Q1

Goodbaby International (HKG:1086) recorded revenue of around HK$2.17 billion in the first quarter of 2026, up 6.4% from HK$2.03 billion a year prior, according to a Tuesday bourse filing.Total sales of strategic brands Cybex, Evenflow, and gb grew 8.6% year over year to HK$2 billion from HK$1.84 billion in the prior-year period.The firm's Blue Chip and other business operations saw revenue slip 14% to HK$168.3 million from HK$195.9 million previously.On a constant currency basis, the child product manufacturer's revenue slipped 0.9% from the year-ago period.

HKG:1086

Asia54d ago

Wiscom System Wins 80 Million Yuan in Bids

Wiscom System (SHE:002090) won two bids totaling 80.0 million yuan, according to a Tuesday filing with the Shenzhen bourse.The company secured 66.9 million yuan from China's State Grid for relay protection and substation monitoring systems.Subsidiary Jiangsu Dongda Wiscom won a 13.1 million yuan contract for weak current information technology construction at the Xinjiang People's Hospital National Emergency Medical Rescue Base.Shares of the information technology services provider closed 1% higher Tuesday.

SHE:002090

Asia54d ago

JSW Steel's Consolidated Steel Production Slips 1% in April

JSW Steel's (NSE:JSWSTEEL, BOM:500228) 1% year-on-year decline in consolidated crude steel production to 2.12 million tons in April from 2.14 million tons a year ago, according to a Tuesday filing on Indian exchanges.Production was impacted by the ongoing shutdown of Blast Furnace-3 at the Vijayanagar plant for capacity expansion, it said.Crude steel output from Indian operations was down 1% year-on-year to about 2.04 million tons, the company said in the filing.Excluding BF3 production from last year's base, year-on-year volumes grew 10%, driven by the full ramp-up of the operations of its subsidiary JSW Vijayanagar Metallics.Output at the company's Ohio facility in the U.S. declined 7% year-on-year to 78,000 tons.The capacity utilization for Indian operations for the month, excluding the BF3 capacity, was at 94%, and including BF3 capacity was at 83%.The company's shares were down nearly 1% in recent trade.

BOM:500228NSE:JSWSTEEL

Asia54d ago

Malaysian Shares Defy Regional Gloom as Unemployment Holds Steady in April

Malaysian shares reversed yesterday's losses on Tuesday as the country's unemployment rate remained unchanged in April. The index bucked broader regional losses as concerns grow over a US-Iran ceasefire.The FTSE Bursa Malaysia KLCI gained 5.25 points to end 0.3% higher at 1,750.56. The day range was between 1,748.45 and 1,755.54.In economic news, Malaysia's unemployment rate stood at 2.9% in March, unchanged from the previous month, according to data released by the country's Department of Statistics. The number of unemployed persons in Malaysia rose 0.4% to 509,000 in March from 506,800 in February.Malaysia is also looking to strengthen its role in the global AI and semiconductor industry by encouraging more chip-related companies to list on Bursa Malaysia, The Star reported Tuesday, citing Deputy Finance Minister Liew Chin Tong.Moreover, Malaysia will continue with its fuel subsidy restructuring, prompted by a surge in spending, even with the possibility of a general election this year, Bloomberg News reported Tuesday, citing a key finance ministry official.In corporate news, EI Power's (KLSE:EIPOWER) initial public offering (IPO) for listing on the ACE Market of Bursa Malaysia was oversubscribed by 30.77 times by the Malaysian public. The company received 21,490 applications for 1.11 billion shares worth 533.7 million ringgit, for the 35 million shares allocated to the public.Bumi Armada (KLSE:ARMADA) decided to voluntarily dissolve its unit, Bumi Armada (Labuan), as part of the group's streamlining exercise. Shares ended flat on Tuesday.

FTSE Bursa Malaysia KLCIKLSE:ARMADAKLSE:EIPOWER

Asia54d ago

Genting Singapore's Net Profit Declines 55% in Q1

Genting Singapore's (SGX:G13) net profit after tax fell 55% in the first quarter of the year to SG$65.2 million from SG$145.0 million a year earlier, according to a Tuesday filing with the Singapore Exchange.Revenue also dropped 3% year over year to SG$607.6 million from SG$626.2 million, largely due to diminished returns from the gaming segment.

SGX:G13

Asia54d ago

Taiwan Cogeneration Books NT$1.54 Billion Profit in Q1

Taiwan Cogeneration (TPE:8926) reported a profit attributable to owners of NT$1.54 billion, or NT$2.11 per basic share, in the first quarter.Operating revenue amounted to NT$13.7 billion, according to a Tuesday Taiwan Exchange filing.The cogeneration (combined heat and power) plants operator did not provide comparative year-ago figures.

TPE:8926

Asia54d ago

Aedge Unit Bags New Singapore Dormitory License

Aedge's (SGX:XVG) subsidiary, Gems Dormitory, secured a Class 3 license from the Ministry of Manpower, allowing it to operate a dormitory at 4 Tuas in Singapore named Beryl House, according to a Tuesday bourse filing.Under Singaporean regulations, a Class 3 license covers dormitories with an occupancy of around 999 beds, with Gems Dormitory's total bed capacity standing at 707 beds. Following the new license, the company will progressively increase occupancy at Beryl House.Gens Dormitory's other property, Amethyst House, which comprises 299 beds, already has a Class 2 license.Shares of the manpower services company closed over 7% on Tuesday.

SGX:XVG

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