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Nomura Adjusts Marico's Price Target to INR950 From INR900, Keeps at Buy

Marico (NSE:MARICO) has an average rating of overweight and mean price target of 875.09 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:531642NSE:MARICO

Asia58d ago

Nomura Adjusts Adaro Andalan Indonesia's Price Target to IDR13,500 From IDR9,600, Keeps at Buy

Adaro Andalan Indonesia (IDX:AADI) has an average rating of buy and mean price target of 13,318.25 rupiah, 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)

IDX:AADI

Asia58d ago

Nomura Adjusts Sumber Alfaria Trijaya's Price Target to IDR2,530 From IDR2,500, Keeps at Buy

Sumber Alfaria Trijaya (IDX:AMRT) has an average rating of buy and mean price target of 2,252.14 rupiah, 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)

IDX:AMRT

Asia58d ago

Malaysian Shares Extend Winning Streak Ahead of Interest Rate Decision

Malaysian shares ended in green on Wednesday, extending gains in the last three sessions, ahead of the interest rate decision later this week.The FTSE Bursa Malaysia KLCI added 9.44 points to end 0.5% higher at 1,756.87. The day range was between 1,746.80 and 1,760.30.In local news, New Zealand is considering storing its fuel in Malaysia amid the impact of the Iran war, Bloomberg News reported.In corporate news, Bus Cap (KLSE:BUSCAP) is seeking to raise 24.7 million ringgit via an initial public offering on the ACE Market of Bursa Malaysia. The bus manufacturer's IPO entails a public issue of 107.3 million new shares at 0.23 ringgit each, and an offer for sale of 19.2 million shares.Magni-Tech Industries (KLSE:MAGNI) unit Magni Land signed an agreement to acquire a freehold land parcel in Penang, Malaysia. Shares ended 1% higher on Wednesday.Inspace Creation (KLSE:INSPACE) is slated to debut on the ACE Market on Friday, May 8.

FTSE Bursa Malaysia KLCIKLSE:BUSCAPKLSE:INSPACE

Asia58d ago

Nomura Adjusts Godrej Properties' Price Target to INR2,060 From INR1,920, Keeps at Neutral

Godrej Properties (NSE:GODREJPROP, BOM:533150) has an average rating of overweight and mean price target of 2,302.46 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:533150NSE:GODREJPROP

Asia58d ago

Gemdale Properties Logs 1.48 Billion Yuan in April Contracted Sales

Gemdale Properties and Investment (HKG:0535) recorded contracted sales of around 1.48 billion yuan in April, with a sales area of 117,600 square meters, according to a Wednesday Hong Kong bourse filing.The property firm recorded an average selling price of 12,600 yuan per square meter.For the four months ended April 30, contracted sales and sales area reached roughly 2.43 billion yuan and 198,600 square meters, respectively.

HKG:0535

Asia58d ago

SATS Ups Stake in Nanjiang Weizhou Airline Food to 90%

SATS (SGX:S58) acquired an additional 40% stake in Nanjing Weizhou Airline Food, taking its overall stake in the Chinese producer and distributor of airline meals to 90%, according to a Wednesday filing with the Singapore Exchange.The acquisition is part of the company's strategy to consolidate operational control of the producer of frozen aviation meals.

SGX:S58

Asia58d ago

Poonawalla Fincorp's Consolidated Profit Balloons in Fiscal Q4; Shares Up 3%

Poonawalla Fincorp's (NSE:POONAWALLA, BOM:524000) consolidated attributable profit surged to 25.5 billion Indian rupees in the fiscal fourth quarter ended March from 623.3 million rupees a year ago.Earnings per share climbed to 3.14 rupees from the year-ago figure of 0.81 rupees, according to a Tuesday filing to the Indian stock exchanges by the financial services provider.Revenue from operations in fiscal Q4 jumped to 21.2 billion rupees from 11.7 billion rupees a year earlier.Shares of the company rose nearly 3% in Wednesday's trade.

BOM:524000NSE:POONAWALLA

Asia58d ago

Sanli Environmental Raises SG$5 Million via Digital Bond Issuance

Sanli Environmental (SGX:1E3) raised SG$5 million through the issuance of digital securities on the ADDX digital securities platform, according to a Wednesday filing with the Singapore Exchange.The securities will be listed on the ADDX Exchange on May 7, the filing stated.

SGX:1E3

Asia58d ago

The South Indian Bank's Consolidated Profit Rises in Fiscal Q4; Shares Up 4%

The South Indian Bank's (NSE:SOUTHBANK, BOM:532218) consolidated net profit rose to 4.05 billion Indian rupees in the fiscal fourth quarter ended March 31, from 3.42 billion rupees a year ago.Earnings per share came in at 1.55 rupees from 1.31 rupees a year earlier, according to a Wednesday filing to the Indian stock exchanges.Interest earned by the lender in fiscal Q4 also increased to 25.6 billion rupees from 23.7 billion rupees a year ago.The bank's board recommended a dividend of 0.45 rupees per equity share of face value of 1 rupee each for the financial year ended March 31.Shares of the bank were up nearly 4% in recent trade.

BOM:532218NSE:SOUTHBANK

Asia58d ago

Goodland Group Forecasts Loss in Fiscal H1

Goodland Group (SGX:5PC) is expecting to book a net loss for the fiscal first half ended March 31, according to a Wednesday filing with the Singapore Exchange.The lifestyle property developer will release its financials on or before May 15.

SGX:5PC

Asia58d ago

Firstsource Solutions' Consolidated Profit Rises in Fiscal Q4; Shares Jump 10%

Firstsource Solutions' (NSE:FSL, BOM:532809) consolidated attributable net profit rose to 2.05 billion Indian rupees in the fiscal fourth quarter ended March 31, from 1.61 billion rupees a year ago.Earnings per share stood at 2.91 rupees from 2.28 rupees a year earlier, the business process management company said in a filing to the Indian bourses on Wednesday.Revenue from operations in fiscal Q4 also increased to 26.1 billion rupees from 21.7 billion rupees a year ago.The company's shares surged nearly 10% in recent trade.

BOM:532809NSE:FSL

Asia58d ago

ValueMax Raises SG$24 Million Through Digital Securities Issuance

ValueMax (SGX:T6I) raised over SG$23.9 million through the issuance of digital securities on the SDXX platform, according to a Wednesday filing with the Singapore Exchange.The issuance will be listed on the SDXX platform on May 7, the filing added.

SGX:T6I

Asia58d ago

Singapore Shares Eke Out Gains; MeGroup Rises 9%

Singapore shares closed marginally higher on Wednesday, as investor sentiment improved on hopes of the US and Iran reaching a peace deal.The Straits Times Index ranged between 4,915.13 and 4,935.68 throughout the day. It ended the session little changed in positive territory at 4,927.38.On the corporate front, shares of MeGroup (SGX:SJY) rose 9% after its subsidiary, Menang Nusantara, agreed to acquire two freehold commercial units in Malaysia for 14 million ringgit.Ley Choon (SGX:Q0X) closed nearly 5% higher as its subsidiary, Ley Choon Constructions and Engineering, secured underground utilities services contracts worth SG$35.6 million.Meanwhile, Centurion Accommodation REIT (SGX:8C8U) gained 2% as its net property income reached SG$37.5 million in the first quarter, above the expected SG$36.6 million.

^STISGX:8C8USGX:Q0XSGX:SJY

Asia58d ago

Jarden Adjusts Flight Centre Travel Group's Price Target to AU$16.80 from AU$16.70, Keeps at Overweight

Flight Centre Travel Group (ASX:FLT) has an average rating of buy and mean price target of AU$15.89, 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)

ASX:FLT

Asia58d ago

Jarden Adjusts Computershare's Price Target to AU$30.40 from AU$31, Keeps at Neutral

Computershare (ASX:CPU) has an average rating of overweight and mean price target of AU$34.67, 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)

ASX:CPU

Asia58d ago

Guangzheng Eye Hospital Group Divests Majority Stake in Petrochemical Unit for 35 Million Yuan

Guangzheng Eye Hospital Group (SHE:002524) agreed to sell its 51% stake in Urumqi Zhongjing Lihua Petrochemical to Chen Minghui for 34.7 million yuan.The move aims to boost asset efficiency and refocus on core ophthalmology business, according to a Wednesday filing with the Shenzhen bourse.Urumqi Zhongjing Lihua Petrochemical sells petroleum products and operates gas stations.

SHE:002524

Asia58d ago

ValueMax Raises SG$18 Million Through Digital Commercial Papers

ValueMax (SGX:T6I) raised SG$18.1 million through the issuance of digital commercial papers on the ADDX platform, according to a Wednesday filing with the Singapore Exchange.The issuance will be listed on the ADDX platform on May 7, the filing added.

SGX:T6I

Asia58d ago

Jefferies Adjusts Wuliangye Yibin's Price Target to 55 Yuan From 64 Yuan, Keeps at Underperform

Wuliangye Yibin (SHE:000858) has an average rating of overweight and mean price target of 104.08 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)

SHE:000858

Asia58d ago

Jefferies Adjusts KEI Industries' Price Target to INR6,000 From INR5,460, Keeps at Buy

KEI Industries (NSE:KEI, BOM:517569) has an average rating of overweight and mean price target of 4,954.71 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:517569NSE:KEI

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