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Jarden Adjusts Endeavour Group's Price Target to AU$3.20 From AU$3.10, Keeps at Underweight

Endeavour Group (ASX:EDV) has an average rating of hold and mean price target of AU$3.51, 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:EDV

Asia59d ago

Lupin Gets US FDA Nod for Glycerol Phenylbutyrate Oral Liquid

Pharmaceutical company Lupin (NSE:LUPIN, BOM:500257) has received approval from the U.S. Food and Drug Administration for Glycerol Phenylbutyrate Oral Liquid, according to a Tuesday filing to the Indian stock exchanges.Glycerol Phenylbutyrate Oral Liquid is bioequivalent to Horizon Therapeutics U.S. Holding's reference-listed drug Ravicti Oral Liquid, which is used to treat chronic management of patients with urea cycle disorders.Sales for glycerol phenylbutyrate oral liquid were $337 million for the year ended December 2025, according to IQVIA's estimates.

BOM:500257NSE:LUPIN

Asia59d ago

Smartgroup Welcomes Australian Government Decision to Maintain Electric Car Discount for a Year, Shares Reach Two-Year Peak

Smartgroup (ASX:SIQ) welcomes a decision by the Australian government to maintain the electric car discount for another year, according to a Tuesday statement.It noted that the policy provides certainty for the charging industry, supporting further investment in Australia's charging infrastructure and helping build the network needed for broader electric vehicle adoption.Its shares jumped 7% in recent trading, reaching a two-year peak.

ASX:SIQ

Asia59d ago

Market Chatter: Qantas CEO Becoming 'More Optimistic' on Fuel Supply

Qantas Airways (ASX:QAN) Chief Executive Vanessa Hudson said the company is becoming "more optimistic" on fuel supply, Bloomberg News reported Tuesday.Speaking at the Macquarie Australia Conference, Hudson said the company has fuel commitments up to the middle of June, per the report.Hudson noted that the airline registered strong demand for domestic and international air travel despite high fuel prices.(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.)

ASX:QAN

Asia59d ago

Sigma Healthcare Says Chemist Warehouse Brand to Enter UK Under Agreement With Pharmacy Group; Shares Rise 4%

Sigma Healthcare (ASX:SIG) said Tuesday signed a memorandum of understanding with Greenlight Healthcare, under which the Chemist Warehouse brand will enter the UK market.The company said in a statement that it will acquire a 75% interest in a number of stores of the employee-owned pharmacy group, with 25% continuing to be held by GreenLight.Sigma will license the Chemist Warehouse brand and intellectual property, and provide retail support, while GreenLight will provide the dispensary and professional services requirements as well as back office support.The first phase of the joint venture will focus on rebranding and developing up to five stores initially, with the first site to be in Hoxton Street, northeast of the city of London. If the first phase proves to be successful, more stores could be developed in the second phase. The parties plan to identify existing GreenLight pharmacies and where appropriate develop or relocate these into Chemist Warehouse stores.Sigma Healthcare's shares rose nearly 4% in recent trading on Tuesday.

ASX:SIG

Asia59d ago

Frasers Logistics & Commercial Trust's DPU Down 1.7% in Fiscal H1

Frasers Logistics & Commercial Trust's (SGX:BUOU) distribution per unit or DPU fell 1.7% during the fiscal first half ended March 31 to SG$0.0295 from SG$0.03 a year earlier, according to a Tuesday filing with the Singapore Exchange.Distributable income fell by 1% to SG$111.9 million from SG$113.0 million.Adjusted net property income rose 3.6% to SG$167 million from SG$161.3 million in the year-ago period.Revenue was up 2.8% year over year to SG$238.9 million from SG$232.3 million.Overall portfolio occupancy stood at 96.1%, backed a weighted average lease expiry of 4.9 years.

SGX:BUOU

Asia59d ago

MetaOptics Files for Nasdaq Listing via ADS Offering

MetaOptics (SGX:9MT) filed a Form F-1 registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of American Depository Shares (ADS).The number of ADS to be offered and the price range of the proposed offering are yet to be determined, according to a Tuesday filing with the Singapore Exchange.The offering will be made only via a prospectus, the filing added.

SGX:9MT

Asia59d ago

UltraGreen.ai Secures Regulatory OK for Indocyanine Green Injection in Singapore; Shares Down 5%

UltraGreen.ai (SGX:ULG) was granted regulatory approval in Singapore for Verdye, an indocyanine green injection, according to a Tuesday filing with the Singapore Exchange.The approval allows the company to ramp up its commercialization efforts and expand its partnerships with local healthcare institutions as part of the adoption of its fluorescence-guided technology.The technology is used across multiple surgical procedures.Shares of the healthcare intelligence company were down over 5% in Tuesday's late-morning trade.

SGX:ULG

Asia59d ago

UltraGreen.ai Vials Shipment Down 8.7% in Q1; Shares Plunge 5%

UltraGreen.ai's (SGX:ULG) total vial shipment fell 8.7% during the first quarter of the year to 280,900 vials from 307,600 vials a year earlier, according to a Tuesday filing with the Singapore Exchange.During the period, the healthcare intelligence company expanded its regulatory coverage to 41 countries.Shares of the company were down over 5% in Tuesday trading.

SGX:ULG

Asia59d ago

NH3 Clean Energy Says Western Australia Project Receives Major Project Status; Shares Near One-Year High

NH3 Clean Energy's (ASX:NH3) WAH2 project in Western Australia received Major Project Status (MPS) from the Australian Government for a three-year period, according to a Tuesday filing with the Australian bourse.The MPS allows access to the Major Projects Facilitation Agency, collaborating with state and territory governments to expedite approvals for projects aligned with national strategic priorities, the filing said.In addition, the MPS supports the pathway towards a final investment decision targeted by year-end, with first production expected by the end of 2029, per the filing.Shares rose 13% in afternoon trade Tuesday and earlier reached their highest since October 2025.

ASX:NH3

Asia59d ago

Market Chatter: Billionaire Pamela Wall Said to Sell AU$300 Million Codan Shares in Block Trade

Codan's (ASX:CDA) largest individual shareholder, the billionaire Pamela Wall, is said to have approved a block trade, valued at around AU$300 million, the Australian Financial Review reported Tuesday, citing anonymous people involved in the transaction.Wall will retain around AU$1.2 billion in Codan shares after the reported sell down.Canaccord Genuity is said to be working on the trade. It is understood shares were being offered at about AU$39 each, per the report.(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.)

ASX:CDA

Asia59d ago

Great Boulder Resources Secures AU$40 Million in Two-Tranche Placement; Shares Up 19%

Great Boulder Resources (ASX:GBR) secured firm commitments to raise AU$40 million from institutional and sophisticated investors through a two-tranche placement, issuing around 470.6 million shares at AU$0.085 each, representing a discount of nearly 14% to its 10-day volume-weighted average price, according to a Tuesday filing with the Australian bourse.The first tranche is expected to raise about AU$12.4 million from 145.5 million shares, while the second tranche aims to generate around AU$27.6 million from 325.1 million shares, subject to shareholder approval, the filing said.The funds will be used to support the company's acquisition of the Peak Hill gold project from Aragon Resources, a wholly owned subsidiary of Westgold Resources (ASX:WGX), the filing added.The company's shares jumped 19% in recent Tuesday trade.

ASX:GBRASX:WGX

Asia59d ago

Grab Attributable Profit Surges in Q1

Singapore-headquartered ride-hailing company Grab reported attributable profit of $136 million in the first quarter of the year from $24 million a year earlier, according to a company release on Tuesday.Basic earnings per share were $0.03 compared with EPS of $0.01 a year ago.Revenue climbed 24% year over year to $955 million from $773 million, backed by growth across the on-demand and financial services segments.

^STI

Asia59d ago

Genesis Minerals Continues to Deliver 'Outstanding' Results at Western Australia Operations

Genesis Minerals (ASX:GMD) continued to deliver "outstanding" results, with extensive high-grade drill intercepts at its Leonora and Laverton operations in Western Australia, according to a Tuesday filing with the Australian bourse.Results at Lenora include high-grade intersections across multiple sources, benefiting from existing infrastructure due to their proximity to the Leonora and planned Tower Hill processing plants, the filing said.A separate Laverton drill update is expected in the middle of the year, per the filing.

ASX:GMD

Asia59d ago

Universal Store Holdings' Group Retail Sales Grow 14% for First 43 Weeks of Fiscal Year 2026

Universal Store Holdings' (ASX:UNI) group retail sales for the first 43 weeks of fiscal year 2026 grew 14% year-over-year, according to a Tuesday Australian bourse filing.The deterioration of CTC's wholesale channel continued in the fiscal second half, with the closure of third-party customer retail stores and reduced intercompany sales to the US. It said that the challenges in the wholesale channel are considered structural and unlikely to improve in the near term.The group plans to recognize an impairment of CTC's intangible assets of around AU$24 million based on a reassessment of their carrying value.This non-cash impairment charge is expected to be excluded from underlying earnings, per the filing.It forecast fiscal year 2026 sales of between AU$368 million and AU$375 million and underlying earnings before interest, taxes, and amortization of between AU$61.5 million and AU$64.5 million.Its shares fell 2% in recent trading on Tuesday.

ASX:UNI

Asia59d ago

Peel Mining Says Court Approves Shareholder Meeting for Planned Acquisition by Aeris Resources; Aeris Resources Shares Fall 5%

Peel Mining (ASX:PEX) said the Supreme Court of New South Wales made orders that it convene a meeting of Peel shareholders to consider and vote on a scheme of arrangement under which Aeris Resources (ASX:AIS) plans to acquire the company, according to a Tuesday Australian bourse filing.The court also approved the distribution of an explanatory statement providing information about the scheme. The meeting will be held on June 15.Shares of Aeris Resources fell past 5% in recent trading on Tuesday, while Peel Mining's shares jumped almost 4%.

ASX:AISASX:PEX

Asia59d ago

Kangqiao Service Unit Faces Asset Enforcement in RMB474 Million Dispute

Kangqiao Service Group (HKG:2205) said a mainland court has taken enforcement measures against assets of its wholly owned subsidiary, Kangqiao Yueshenghuo Service, according to a Monday Hong Kong bourse filing.Shares of the property manager were down nearly 1% in Tuesday morning trade.The Intermediate People's Court of Zhengzhou City deducted bank balances and related interest of about 214.5 million yuan from the subsidiary and obtained enforcement proceeds of about 17,600 yuan.The court also seized four vehicles registered under the subsidiary, though the company said it does not have actual control over them.The enforcement follows a prior judgment holding the subsidiary liable for 473.7 million yuan under certain loan agreements, together with accrued interest.After completing enforcement actions and investigations, the court ruled to terminate the current enforcement procedure, while the creditor retains the right to pursue further repayment.The company said the measures are not expected to have a material adverse impact on its business operations, and it is seeking legal advice on the ruling.

HKG:2205

Asia59d ago

China Strategic Technology Shares Jump as Revenue Rises 11% in April

China Strategic Technology (HKG:1725) posted revenue of 36.1 million yuan in April, up 11% from 32.5 million yuan a year earlier, according to a Monday filing with the Hong Kong bourse.Shares of the aerospace company were up nearly 17% in Tuesday morning trade.

HKG:1725

Asia59d ago

ASX Midday Sector Update: Information Technology Stocks Gain, Materials Struggle

Information technology stocks advanced 1.2% in midday trading Tuesday as markets awaited an interest rate decision from the Australian central bank due later in the afternoon.WiseTech Global (ASX:WTC) gained more than 6%, but Gentrack Group's (ASX:GTK, NZE:GTK) Australian-listed shares tumbled past 32% after the company cut its fiscal year 2026 revenue guidance.Meanwhile, materials stock led decliners with a fall of 1.2%, as nearly all sectors were in the red after tensions around the Strait of Hormuz intensified following a suspected Iranian attack on a United Arab Emirates oil facility.Regis Resources (ASX:RRL) agreed to acquire Vault Minerals (ASX:VAU) in a merger of equals to create a major gold producer with a pro forma market capitalization of about AU$10.7 billion. Regis shares fell nearly 5% and Vault gained over 4%.

ASX 200ASX:GTKASX:RRLASX:VAUASX:WTC

Asia59d ago

Market Chatter: Chaozhou Three-Circle Targets Up to $1 Billion in Hong Kong IPO

Chaozhou Three-Circle (SHE:300408) is planning a Hong Kong listing that could raise as much as $1 billion, Reuters reported Monday, citing people familiar with the matter.The Shenzhen-listed electronic components maker is awaiting clearance from the China Securities Regulatory Commission, the report said.The offering is expected to proceed soon after approval, potentially by late June, the report added.Three-Circle and the deal's sole sponsor, China Galaxy International, did not respond to comment requests from the news agency.(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.)

SHE:300408

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