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Westpac Banking Expands Growth and Risk Appetite, Says Jarden

Westpac Banking (ASX:WBC) has "meaningfully" boosted its growth and risk appetite to achieve a larger balance sheet and higher revenue base to increase earnings, Jarden said in a note on Tuesday.The bank's total capital in the three months to March came in at AU$98.54 billion, up from the AU$97.14 billion it reported in the year-ago period. Its CET1 capital for the period clocked in at AU$56.94 billion, rising from the AU$55.01 billion it reported for the March 2025 quarter, according to a Tuesday Australian bourse filing.The investment firm said Westpac's UNITE program, aimed at optimizing its internal technology systems, is the right move but may not be easy. It is expected to cost more, take longer and could lead to write offs.Analysts at the brokerage also cautioned that accelerating growth and the company's increased risk appetite could prove ill-timed if the current Middle East conflict sets off a credit cycle.Jarden provided an underweight rating and price target of AU$32.

ASX:WBC

Asia58d ago

Duratec Secures AU$68 Million Northern Australia Contract

Duratec (ASX:DUR) received a contract worth around AU$68 million from Clough BMD joint venture to deliver construction and commissioning works for the Darwin Ship Lift Facility in northern Australia, according to a Wednesday filing with the Australian bourse.The project, led by the Northern Territory Government, is a major infrastructure initiative to position Darwin as a maritime services hub for defense, border protection, energy, tourism, and aquaculture vessels, per the filing.The company's scope of work includes the construction of a blast and paint facility and washdown bay slab, as well as the installation and commissioning of systems such as dust collectors, tanks, water treatment, heating, ventilation, and air conditioning, communications, electrical, and hydraulic systems, the filing said.Construction is scheduled to start in June and is expected to be completed between mid and late 2027, the filing added.

ASX:DUR

Asia58d ago

JB Hi-Fi Posts Higher Fiscal Q3 Australia, New Zealand Sales

JB Hi-Fi (ASX:JBH) reported that its Australia sales for the fiscal third quarter rose 2.6% on a comparable basis, according to a Wednesday filing with the Australian bourse.The company's comparable sales in New Zealand rose past 15%, while The Good Guys comparable sales jumped 2.5%, the filing added. Sales from e&s fell 4.8%.

ASX:JBH

Asia58d ago

DPM Metals Posts Higher Q1 Adjusted Earnings, Revenue

DPM Metals (ASX:DPM) reported Wednesday first quarter adjusted earnings of $0.76 per basic share, up from $0.32 a year earlier.Analysts polled by FactSet expected earnings of $0.76.Revenue for the three months ended March 31 was $310.4 million, compared with $144.1 million a year earlier.Analysts surveyed by FactSet expected $312.4 million.The company expects to process 2.9 million to 3.1 million tonnes of ore, produce 305,000 to 365,000 ounces of gold equivalent in concentrates, and achieve an all-in sustaining cost of $1,300 to $1,450 per gold equivalent ounce sold in 2026.The board declared a second quarter dividend of $0.04 per share, unchanged from the prior corresponding period, payable July 15 to shareholders on record as of June 30.

ASX:DPM

Asia58d ago

Infratil Says CDC Data Centres Secures 555-Megawatt Contract

Infratil (ASX:IFT, NZE:IFT) said its CDC Data Centres business has signed a 30-year agreement with an unnamed US investment-grade client for 555 megawatts of capacity, according to Wednesday filings with the New Zealand bourse.The capacity will be delivered across campuses coming online in fiscal 2028 to fiscal 2029, with options to extend the deal by up to 20 years, per the filing.CDC expects its fiscal 2027 guidance to remain unchanged at AU$680 million to AU$720 million for earnings before interest, taxes, depreciation, amortization, and fair value changes (EBITDAF), with projected capital expenditure of AU$3.8 billion to AU$4.2 billion to support expansion, the filing said. It anticipates EBITDAF to exceed AU$1 billion by fiscal 2028 and reach around AU$2 billion annually at full deployment of the contract.CDC plans to fund growth through existing cash, debt facilities, and hybrid financing without requiring additional equity beyond the recent AU$500 million shareholder contribution, the filing added.

ASX:IFTNZE:IFT

Asia58d ago

Cofoe Medical Technology Nets HK$1 Billion From Hong Kong IPO Ahead of Debut

Cofoe Medical Technology (HKG:1187, SHE:301087) raised HK$1.01 billion in net proceeds from its initial public offering in Hong Kong.The offer price was set at HK$39.33 per H-share, according to a Tuesday after-market filing with the Hong Kong Stock Exchange.The China-based home care medical device provider offered 27 million H-shares in the global offering.The Hong Kong public offer was 399.08 times subscribed, with 2.7 million shares allocated, representing 10% of the total offering.The international offering was 3.4 times subscribed, with 24.3 million shares allocated, accounting for 90% of the total offering.Cornerstone investors, including Lens Technology (HK), Changsha Yufeng Technology, Vision Capital, and Panjing Harbourview Investment Fund, were allocated about 9.7 million shares in the international tranche, according to the filing.Cofoe Medical is scheduled to begin trading in Hong Kong on Wednesday, May 6.

HKG:1187SHE:301087

Asia58d ago

Ventia Services Group Says Macquarie Group Becomes Substantial Holder

Ventia Services Group (ASX:VNT, NZE:VNT) received notice that Macquarie Group (ASX:MQG) and its affiliates became a substantial holder of the company on April 30, according to a Wednesday filing with the New Zealand bourse.Macquarie Group now owns 42.9 million shares in the company, representing a 5.23% voting power, the filing said.

ASX:MQGASX:VNTNZE:VNT

Asia59d ago

Market Chatter: Indonesian Central Bank Steps In as Rupiah Depreciates to Record Low

Bank Indonesia stepped into foreign-exchange markets after the rupiah weakened 0.2% to a record low of 17,422 per dollar, Bloomberg reported Tuesday.The intervention efforts by the central bank included offshore and onshore non-deliverable forwards, spot transactions, and secondary-market bond purchases, according to the report, citing a text message by Erwin Hutapea, executive director of monetary and securities management.Hutapea reassured that the central bank will continue taking measures to stabilize the rupiah, 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.)

^JKSE

Asia59d ago

Softcare Controlling Shareholder Boosts Stake

Softcare (HKG:2698) controlling shareholder Yang Yanjuan further increased her stake in the company.The 1,016,000 shares were acquired from the open market at around HK$29.21 apiece from April 27 until Tuesday, according to a same-day filing on the Hong Kong bourse.Yang is the spouse of Shen Yanchang, the hygiene products maker's founder, chairman, and controlling shareholder. Together, they own a 53.6% stake in Softcare.

HKG:2698

Asia59d ago

Hong Kong Johnson Units Bag Street Cleaning, Security Service Contracts

Hong Kong Johnson's (HKG:1955) unit Johnson Cleaning Services was awarded a three-year contract worth HK$230 million by the Hong Kong government's Food and Environmental Hygiene Department, according to a Tuesday Hong Kong bourse filing.Work under the contract, which comprises street cleansing services in Specific Outlying Islands, began April 1.Another subsidiary, Wyson Security Services, bagged a HK$25 million three-year security services contract from a public transportation service provider in Hong Kong. The agreement began March 1.

HKG:1955

Asia59d ago

Avantel Gets INR30 Million Additional Order from Bharat Electronics

Avantel (NSE:AVANTEL, BOM:532406) received an upsized order from Bharat Electronics (NSE:BEL, BOM:500049) for the supply of power amplifiers.The amendment adds an order value of 30.1 million rupees to the earlier contract of 80.3 million rupees and will be executed by July, the Tuesday filing said.

BOM:500049BOM:532406NSE:AVANTELNSE:BEL

Asia59d ago

China Environmental Resources Unit Leases Hong Kong Premises

China Environmental Resources (SGX:UIX, HKG:1130) unit International Richway agreed to lease premises in Hong Kong from landlords Ng Keung and Wong Pui Wa, according to a Tuesday Hong Kong bourse filing.The three-year lease began Tuesday, May 5, 2026, and will end May 4, 2029, the metal recycling company said.The premises comprise a unit in Concordia Plaza in Kowloon, Hong Kong, intended for office use.

HKG:1130SGX:UIX

Asia59d ago

KEC International Wins Orders Worth INR10 Million Across T&D, Wind and Rail Segments

KEC International (NSE:KEC, BOM:532714) said it has secured new orders worth around 10.0 billion Indian rupees across its transmission and distribution, renewable and rail-related businesses, according to a Tuesday filing.The transmission and distribution orders include HVDC transmission lines in western India, 132 kV cabling work in eastern India, and supply of towers and related equipment in the Americas, the filing said.The company also received a wind energy project order of over 100 MW in southern India and two orders in the automatic block signaling segment, it added.

BOM:532714NSE:KEC

Asia59d ago

MGM China Eyes Bond Offering

MGM China (HKG:2282) is considering a bond offering to professional investors, according to a Tuesday Hong Kong bourse filing.Proceeds from the proposed issue are intended to be used to repay part of an outstanding amount under a 2025 revolving credit facility, as well as for general corporate purposes.

HKG:2282

Asia59d ago

Punjab National Bank Board to Consider Final Dividend for Fiscal 2026

Punjab National Bank's (NSE:PNB, BOM:532461) board will meet June 20 to consider the declaration of a final dividend for fiscal 2026.The potential dividend for the fiscal year ended March 31 has a record date of June 13, according to a Tuesday filing on the Indian bourses.

BOM:532461NSE:PNB

Asia59d ago

EPI Grants Share Options Under Incentive Plan

EPI (HKG:0689) granted share options allowing participants to subscribe for 52.4 million ordinary shares under its incentive scheme.The options are exercisable at HK$0.27 per share and are valid for 10 years, according to a Tuesday Hong Kong bourse filing from the oil and gas company.

HKG:0689

Asia59d ago

Kisan Mouldings Chairman and Managing Director Resigns

Kisan Mouldings (BOM:530145) said chairman and managing director, Sanjeev Amarnath Aggarwal, has resigned, effective May 05, citing "pre-occupation in other assignments", according to an Indian bourse filing on Tuesday.

BOM:530145

Asia59d ago

Sunita Tools' US Unit Sets Up Office in Chicago

Sunita Tools' (BOM:544001) U.S.-based subsidiary Sunita Defence Inc. has established a full-time office in Chicago, according to an Indian bourse filing on Tuesday.The subsidiary was created to bid for and supply defense products in the U.S. market and explore acquisition opportunities in the defense, aerospace and engineering space.

BOM:544001

Asia59d ago

Zuoli Kechuang Micro-finance Changes Name to Zuoli Kechuang

Zuoli Kechuang Micro-finance Company changed its English name to Zuoli Kechuang Company Limited (HKG:6866), alongside a change in its Chinese name, according to a Tuesday Hong Kong bourse filing.The name change came about following the relevant regulatory and shareholder approvals.The financial services company's English stock short name will be changed to ZUOLI KECHUANG from ZUOLI M-FIN effective 9:00 am on May 8.

HKG:6866

Asia59d ago

Bharat Electronics Bags INR12.5 Billion Order for Ground Electronic Warfare System

Bharat Electronics (NSE:BEL, BOM:500049) secured an order worth 12.5 billion Indian rupees from India's Ministry of Defense for the supply of a ground-based electronic warfare system to the Indian Army, according to a Tuesday filing.The system has been designed and developed by Defence Electronics Research Laboratory, Hyderabad, and will be manufactured by the company, the filing said.The warfare system is intended for the detection, classification and analysis of radar and communication signals, the company said.

BOM:500049NSE:BEL

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