Financial News · Live Terminal

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Asia63d ago

Canaccord Genuity Starts Tasmea at Buy with AU$6.29 Price Target

ASX:TEA

Asia63d ago

HSBC Upgrades Cosco Shipping Ports to Hold from Reduce; Price Target is HK$5.40

HKG:1199

Asia63d ago

Daiwa Securities Starts Risen Energy at Hold with 17.50 Yuan Price Target

SHE:300118

Asia63d ago

Middle East War Poses Greatest Credit Risk for Asia-Pacific's Financial Institutions, S&P Says

The Middle East war's spillover effects serve as the largest credit risk for Asia-Pacific financial institutions, S&P Global Ratings said in a Thursday release.The region's banks are not directly exposed to the Middle East, while indirect exposure is manageable, S&P Asia-Pacific sector lead for financial institutions Gavin Gunning said.Lenders also have ample buffers to absorb linked constraints at current rating levels under a scenario of a deal that will open the Strait of Hormuz by the end of May, Gunning said.However, a downside scenario of a prolonged conflict could cause a 25% rise in credit losses for banks, S&P said.This scenario would mean larger increases in credit losses to total loans in Vietnam, Indonesia, and India, the rating agency said.China will account for the largest share in the total forecast credit losses at about $130 billion.Other countries' banking systems will be stronger at current rating levels, given their buffers, S&P said.Nonbank fund finance will remain a talking point, albeit being more muted, especially for US funds amid uncertainties in the software sector, the rating agency said.Al is also a major concern given the diverging impact it has on the ratings of the region's financial institutions in the coming years, according to S&P.

^BSE^HNX^HOSEI^JKSENifty 50Shanghai Composite^SZSE

Asia63d ago

Mapletree Logistics Trust's DPU Declines 7% in Fiscal Q4

Mapletree Logistics Trust's (SGX:M44U) available distribution per unit or DPU dropped 7% in the fiscal fourth quarter ended March 31 to SG$0.01819, from SG$0.01955 a year earlier, according to a Thursday filing with the Singapore Exchange.Amount distributable to unitholders was down by 6.1% to SG$93 million from SG$99.1 million a year earlier.Net property income edged down 0.9% to SG$151.4 million from SG$152.8 million in the year-ago period, while gross revenue fell 1.7% year over year to SG$176.6 million from SG$179.6 million.Meanwhile, portfolio occupancy rose to 96.9% as at March 31 from 96.4% in the previous quarter, thanks to higher occupancies in Singapore, China, Hong Kong, Japan and South Korea. The weighted average lease expiry of the portfolio by net lettable area was 2.5 years.

SGX:M44U

Asia63d ago

TCL Technology's Attributable Profit Jumps 54% in Q1

TCL Technology's (SHE:000100) attributable profit rose 54% to 1.56 billion yuan in the first quarter from 1.01 billion yuan in the year-ago period, according to a Thursday filing with the Shenzhen bourse.Earnings per share at the Chinese electronics company increased 27% to 0.0682 yuan from 0.0539 yuan in the prior-year period.Operating revenue grew 8.4% year over year to 43.5 billion yuan from 40.1 billion yuan.

SHE:000100

Asia63d ago

Xingye Silver & Tin Mining's Attributable Profit Soars 257% in Q1

Inner Mongolia Xingye Silver & Tin Mining's (SHE:000426) attributable profit rose 257% to 1.34 billion yuan in the first quarter from 374.4 million yuan in the year-ago period, according to a Thursday filing with the Shenzhen bourse.Earnings per share at the mining company increased to 0.7533 yuan from 0.2108 yuan in the prior-year period.Operating revenue grew 85% year over year to 2.13 billion yuan from 1.15 billion yuan.

SHE:000426

Asia63d ago

SPIC Hydropower's Attributable Profit Surges 168% in Q1

SPIC Hydropower's (SHA:600292) attributable profit rose 168% to 393 million yuan in the first quarter from 146.6 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.Earnings per share at the water conservancy company tripled to 0.09 yuan from 0.03 yuan in the prior-year period.Operating revenue declined 19% year over year to 2.47 billion yuan from 3.04 billion yuan.

SHA:600292

Asia63d ago

Yunnan Baiyao's Attributable Profit Jumps 5% in Q1

Yunnan Baiyao's (SHE:000538) attributable profit rose 5.3% to 2.04 billion yuan in the first quarter from 1.93 billion yuan in the year-ago period, according to a Thursday filing with the Shenzhen bourse.Earnings per share at the medical products manufacturer increased 5.6% to 1.14 yuan from 1.08 yuan in the prior-year period.Operating revenue grew 7% year over year to 11.6 billion yuan from 10.8 billion yuan.

SHE:000538

Asia63d ago

CSC Financial's Profit Almost Doubles in Q1

CSC Financial (SHA:601066, HKG:6066), also trading as China Securities, said its net profit attributable to shareholders in the first quarter nearly doubled to 3.67 billion yuan from 1.84 billion yuan a year earlier, according to a Hong Kong bourse filing on Wednesday.The securities company's Shanghai and Hong Kong shares both jumped 4% at the close of Thursday's trade.Earnings per share soared 120% year on year to 0.44 yuan from 0.20 yuan.Operating revenue jumped 62% to 7.70 billion yuan from 4.74 billion yuan in the previous year.

HKG:6066SHA:601066

Asia63d ago

BOE Tech's Q1 Profit Rises 6%

BOE Technology Group's (SHE:000725, SHE:200725) net profit attributable to shareholders in the first quarter rose 5.8% to 1.71 billion yuan from 1.61 billion yuan a year earlier, according to a Shenzhen bourse filing on Thursday.Earnings per share jumped 25% year on year to 0.05 yuan from 0.04 yuan.Operating revenue increased 1% to around 51 billion yuan from 50.6 billion yuan in the previous year.The Chinese electronics components producer's A and B shares both fell around 2% at the close.

SHE:000725SHE:200725

Asia63d ago

Sichuan Road & Bridge's Profit Slides 16% in Q1

Sichuan Road & Bridge's (SHA:600039) attributable profit fell 16% to 1.50 billion yuan in the first quarter from 1.77 billion yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.Earnings per share at the construction company decreased 15% to 0.17 yuan from 0.20 yuan in the prior-year period.Operating revenue declined 4.1% year over year to 22 billion yuan from 23 billion yuan.

SHA:600039

Asia63d ago

IDBI Bank's Consolidated Profit Slips in Fiscal Q4

IDBI Bank's (NSE:IDBI, BOM:500116) consolidated attributable profit declined to 20.1 billion Indian rupees in the fiscal fourth quarter ended March 31, from 20.9 billion rupees a year ago.Earnings per share contracted to 1.87 rupees from 1.94 rupees a year earlier, according to a Thursday filing to the Indian stock exchanges.Interest earned by the lender in fiscal Q4 also increased to 78.0 billion rupees from 69.8 billion rupees a year ago.The bank's shares were down over 1% in recent trade.

BOM:500116NSE:IDBI

Asia63d ago

Kyocera's Profit Soars 485% in Fiscal Year 2026

Kyocera's (TYO:6971) profit attributable to owners of the parent soared 485% to nearly 141 billion yen for the fiscal year 2026 from 24.1 billion yen a year earlier.The ceramics and electronics manufacturer's earnings per share increased to 102.70 yen from 17.11 yen a year ago, according to a Tokyo bourse filing on Thursday.Sales revenue rose 2.8% to 2.070 trillion yen for the year ended March 31 from 2.014 trillion yen in the prior year.In a separate disclosure, Kyocera raised its final dividend payment to 27 yen per share, from 25 yen initially planned, payable from June 26.For the fiscal year 2027, the company expects attributable profit of 141 billion yen, basic EPS of 102.73 yen, and sales revenue of 1.940 trillion yen.Kyocera plans to pay interim and year-end dividends of 28 yen per share, each, for the year, higher than the amount paid in the year-ago period.

TYO:6971

Asia63d ago

Nomura Adjusts Midi Utama Indonesia's Price Target to IDR530 From IDR630, Keeps at Buy

IDX:MIDI

Asia63d ago

Nomura Adjusts Ecopro BM's Price Target to KRW280,000 From KRW270,000, Keeps at Buy

KOSDAQ:A247540

Asia63d ago

Nomura Adjusts Hybe's Price Target to KRW400,000 From KRW460,000, Keeps at Buy

KRX:352820

Asia63d ago

Singapore Shares Surge More Than 1% as DBS Books Record Total Income

Singapore shares zoomed over 1% at the close on Thursday, with the market buoyed by DBS (SGX:D05) driving investor sentiment after posting record net income for the first quarter of the year.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,880.67 and 4,917.19 throughout the day. It ended the session at 4,912.69, up 51.72 points or 1.1% compared to Wednesday's close.The bank's shares closed over 3% higher with its total income up 1% year over year to SG$5.95 billion from SG$5.91 billion.Meanwhile, Asian markets remained positive, boosted by progress made by Japan and the US over tariff negotiations.In economic news, Singapore's manufacturing prices jumped 20.3% year over year in March, extending the 5.4% increase in the previous month, the city-state's Department of Statistics reported.Meanwhile, Singapore's Export Price Index rose 8.4% year on year in March, reversing a 4.2% decline in the preceding month.Singapore's total employment grew by 5,000 during the first quarter of the year, compared to 2,300 a year earlier, marking the 18th consecutive quarter of job growth, according to preliminary data from the Ministry of Manpower.Lending activity in Singapore expanded in March, with total loans and advances to residents rising to SG$902.3 billion from SG$893.6 billion in February, according to preliminary data released by the Monetary Authority of Singapore.In other corporate news, Tianjin Pharmaceuticals Da Ren Tang's (SGX:T14) shares were up nearly 7% at the close as its net attributable profit to owners during the first quarter of the year jumped by 13% to 423.8 million yuan from 374.2 million yuan a year earlier.

^STISGX:D05SGX:T14

Asia63d ago

Baosteel's Q1 Profit Slides 9%

Baoshan Iron & Steel or Baosteel's (SHA:600019) attributable profit fell 8.6% to 2.23 billion yuan in the first quarter from 2.43 billion yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.Earnings per share at the steel manufacturer slid to 0.10 yuan from 0.11 yuan in the prior-year period.Operating revenue grew 5.7% year over year to 77.1 billion yuan from 72.9 billion yuan.

SHA:600019

Asia63d ago

TBEA's Q1 Profit Rises 13%

TBEA's (SHA:600089) attributable profit rose 13% to 1.81 billion yuan in the first quarter from 1.60 billion yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.Earnings per share at the electrical components manufacturer increased 13% to 0.3614 yuan from 0.3187 yuan in the prior-year period.Operating revenue grew 6.8% year over year to 24.9 billion yuan from 23.4 billion yuan.

SHA:600089

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