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China Overseas Land's Sales Rise 11% in Q1

China Overseas Land & Investment (HKG:0688) recorded contracted property sales of 51.5 billion yuan for the first quarter, up 11% from a year earlier, according to a Wednesday Hong Kong bourse filing.Shares of the developer were down nearly 1% in Thursday morning trade.Revenue for the period came in at 37 billion yuan, the filing said.

HKG:0688

Asia63d ago

DBS Group's Net Profit Up 1% in Q1; Shares Climb 4%

DBS Group (SGX:D05) net profit rose 1% in the first quarter to SG$2.93 billion from SG$2.90 billion a year earlier, according to a filing with the Singapore Exchange on Thursday.Earnings per share rose to SG$4.17 compared with SG$4.11 in the year-ago period. Visible Alpha expected an EPS of SG$0.98.Total income was up 1% year over year to SG$5.95 billion from SG$5.91 billion.The board declared an interim one-tier dividend of SG$0.0066 per share and a capital return dividend of SG$0.0015 per share for the period.The dividend is expected to be paid on or about May 20.Shares of the bank were up nearly 4% in Thursday trading.

SGX:D05

Asia63d ago

Starcoin Seeks Judicial Review After Suspension Decision Upheld

Starcoin Group (HKG:0399) obtained an interim injunction against a decision to suspend trading in its shares and will apply for a judicial review, according to a Wednesday Hong Kong bourse filing.The listing review committee upheld the suspension decision on the grounds that the company failed to maintain a sufficient level of operations under listing rules, the filing showed.The listing review committee cited limited progress in the company's core oral insulin product and noted that its other businesses lack scale, track record, or proven revenue-generating capability, the filing showed.It also noted the company's financial position, including HK$1.1 billion in total assets, mostly intangible assets, and HK$1.1 billion in net current liabilities, as well as reliance on a substantial shareholder for funding.

HKG:0399

Asia63d ago

Huaqin Technology's Profit Jumps 26% in Q1

Huaqin Technology (HKG:3296, SHA:603296) posted net profit attributable to shareholders of 1.06 billion yuan for the first quarter, up 26% from 842 million yuan a year earlier, according to a Thursday Hong Kong bourse filing.Earnings per share came in at 1.04 yuan, compared with 0.83 yuan a year earlier.Operating income rose 16% to 40.7 billion yuan from 35 billion yuan in the prior-year period.

HKG:3296SHA:603296

Asia63d ago

Anteris Technologies Exits v2vmedtech Development Agreement, to Pay $400,000 Break Fee, Shares Up 3%

Anteris Technologies (ASX:AVR) said it has notified v2vmedtech of its election to discontinue additional development contributions under a contribution and stock purchase agreement dated April 18, 2023, triggering a break fee of $400,000 payable to v2v, according to a Thursday Australian bourse filing.The company said following the notice, it has no further obligation to make additional development contributions, while the initial shareholders of v2v have the right to either acquire all of the company's equity interest in v2v for an amount equal to its aggregate contributions to date, or reduce the company's equity interest to a capped minority ownership percentage.v2v has not informed the company as to which option it plans to pursue, the filing added.The development agreement between the parties will terminate upon payment of the $400,000 break fee, with the company not expecting the discontinuation to have a materially adverse effect on its financial position or liquidity, the company added.The company's shares rose 3% in recent Thursday trade.

ASX:AVR

Asia63d ago

SAIC Motor Posts Flat Q1 Profit as Revenue Slips Marginally

SAIC Motor's (SHA:600104) attributable net profit barely moved in the first quarter of 2026 at 3.03 billion yuan from 3.02 billion yuan a year earlier, according to a Thursday filing with the Shanghai Stock Exchange.Earnings per share edged up slightly to 0.265 yuan from 0.264 yuan. The figure beat analysts' 0.13 yuan median forecast in a poll by Visible Alpha.Revenue slipped 0.3% to 140.4 billion yuan from 140.9 billion yuan, missing the Visible Alpha estimate of 141.4 billion yuan.

SHA:600104

Asia63d ago

Phancy Group Plans 400 Million Yuan GPU Server Purchase

Phancy Group (HKG:6682) proposed to purchase GPU servers and related accessories for a total consideration of 400 million yuan, according to a Thursday Hong Kong bourse filing.The servers will be used for model inference and training, and support the company's API business to meet growing demand for API calls, the filing said.The company expects the seller or sellers to be independent third parties.

HKG:6682

Asia63d ago

Shenwan Hongyuan Q1 Profit Up 17%

Shenwan Hongyuan (SHE:000166, HKG:6806) posted first-quarter attributable net profit of 2.62 billion yuan, up 17% from 2.25 billion yuan the previous year.Earnings per share rose to 0.09 yuan from 0.08 yuan, according to a Thursday filing on the Shenzhen bourse.Operating revenue rose 12% year over year to 5.93 billion yuan from 5.31 billion yuan.Shares of the securities company were up 1% in recent trade.

HKG:6806SHE:000166

Asia63d ago

Innovent Biologics' Product Revenue Jumps 50% in Q1 2026

Innovent Biologics (HKG:1801) recorded a 50% year over year growth in total product revenue during the first quarter of 2026, according to a Hong Kong bourse filing Thursday.The firm generated 3.8 billion yuan in total product revenue during the period on the back of its oncology pipeline and general biomedicine franchise.

HKG:1801

Asia63d ago

Port of Tauranga Launches Stormwater Treatment System at Mount Maunganui Wharves

Port of Tauranga (NZE:POT) said it has launched a new stormwater treatment system at its Mount Maunganui wharves, according to a Thursday statement.Chief executive Leonard Sampson said the port monitors both stormwater and harbor water to gather data and identify improvement opportunities, resulting in several initiatives and infrastructure upgrades at the Mount Maunganui wharves to prevent contaminants from entering Te Awanui Tauranga harbor.

NZE:POT

Asia63d ago

MGM China's Revenue Rises in Q1

MGM China (HKG:2282) posted total revenue of HK$8.77 billion for the first quarter, up from HK$7.99 billion a year earlier, according to a Thursday Hong Kong bourse filing.Adjusted EBITDA rose to HK$2.46 billion from HK$2.37 billion in the prior-year period.

HKG:2282

Asia63d ago

InSilico Medicine Invests $105 Million in Wealth Management Products

InSilico Medicine (HKG:3696) invested $105 million in wealth management products offered by CMB International and JPMorgan, according to a Hong Kong bourse filing Thursday.The AI-driven drug discovery firm invested $50 million in a money market fund managed by CMB International Asset Management with an expected 3.99% annualized rate of return; $50 million in a variable net asset value money market fund by JPMorgan Asset Management with an expected 3.85% annualized rate of return; and a further $5 million in a dual-currency deposit issued by JPMorgan Chase Bank with an expected 4.68% rate of return.The subscriptions were made with the view of "enhancing returns on surplus cash," the firm said.

HKG:3696

Asia63d ago

Samsung Electronics' Q1 Operating Income, Sales Jump

Samsung Electronics (KRX:005930) posted first-quarter operating income of 57.23 trillion won, up 756% from 6.69 trillion won a year earlier, according to a Thursday filing with the Korea Exchange.The South Korean chipmaker's sales jumped 69% year over year to an all-time quarterly high of 133.87 trillion won from 79.14 trillion won.

KRX:005930

Asia63d ago

Motilal Oswal Financial Services' Consolidated Loss Widens in Fiscal Q4

Motilal Oswal Financial Services' (NSE:MOTILALOFS, BOM:532892) consolidated attributable loss widened to 2.21 billion Indian rupees in the fiscal fourth quarter ended March 31, from a loss of 647.7 million rupees a year ago.Loss per share grew to 3.69 rupees from a loss per share of 1.08 rupees a year earlier, the financial services company said in a filing to the Indian bourses on Wednesday.Revenue from operations in fiscal Q4 increased to 26.8 billion rupees from 11.9 billion rupees a year ago.

BOM:532892NSE:MOTILALOFS

Asia63d ago

Vulcan Energy Progresses Drilling at Sixth Well in Germany Geothermal Project

Vulcan Energy (ASX:VUL) said drilling at its sixth well in the Lionheart Field Development Plan (LSC-2) progressed during the quarter, with well pad construction commenced at the company's fourth production well site, according to a Thursday Australian bourse filing.Construction of the interconnected pipeline and power infrastructure from well infrastructure to the geothermal and lithium extraction plant is underway in parallel with tendering, procurement, and engineering activities, with bulk earthworks commenced and relocation of overhead power lines progressing, the filing added.Conditions precedent required to achieve financial close for the debt and strategic equity of the Lionheart financing package were "significantly" progressed during the reporting period, the company added.The company's shares fell 2% in recent Thursday trade.

ASX:VUL

Asia63d ago

Shenzhen Techwinsemi Technology Returns to Profit in Q1 as Revenue Jumps 502%

Shenzhen Techwinsemi Technology (SHE:001309) posted first-quarter attributable net profit of 3.35 billion yuan, compared with loss of 69.1 million yuan the previous year.Earnings per share stood at 14.56 yuan, versus loss per share of 0.31 yuan, according to a Thursday filing on the Shenzhen bourse.Operating revenue rose 502% year over year to 7.54 billion yuan from 1.25 billion yuan.Shares of the chipmaker climbed 1% in recent trade.

SHE:001309

Asia63d ago

Chalice Mining Starts Feasibility Study for Western Australia Palladium-Nickel-Copper Project; Shares Down 4%

Chalice Mining (ASX:CHN) started a feasibility study for its Gonneville palladium-nickel-copper project in Western Australia, with activities progressing across all key work streams, including geology, mining, processing, and infrastructure, according to a Thursday Australian bourse filing.The company said an eight-week continuous pilot of the full flowsheet is planned in the second half of the year, representing the final de-risking step for the process flowsheet ahead of the feasibility study and project financing.The company said it has received strong interest from royalty and streaming companies, offtakers, credit agencies, and commercial lenders, with its funding strategy currently focused on byproduct streams, offtake-linked finance, sovereign credit agencies, and strategic investment.The company's shares fell nearly 4% in recent Thursday trade.

ASX:CHN

Asia63d ago

XJ International to Subscribe for Controlling Stake in Nasdaq-Listed Intelligent Group; Shares Surge 9%

XJ International (HKG:1765) said its indirectly wholly-owned subsidiary agreed to subscribe for 600,000 Class B shares in Nasdaq-listed Intelligent Group at $12.50 each, for a total consideration of $7.50 million, according to a Thursday Hong Kong bourse filing.Upon completion, Intelligent Group will become an indirect subsidiary of the company, with XJ holding about 85.2% of the target's voting power.The company said the transaction constitutes a connected transaction as Intelligent Group is controlled by its controlling shareholder, Wang Huiwu.The subscription is intended to create synergies in the education sector and support the group's international expansion, the filing said.XJ's shares jumped nearly 9% in recent trade.

HKG:1765

Asia63d ago

ASX Midday Sector Update: Information Technology Stocks Gain, Woolworths Weighs on Consumer Staples

Information technology stocks advanced nearly 2% to lead gainers in midday trading Thursday, after a number of US-listed peers overnight reported strong quarterly results that beat analyst expectations.WiseTech Global (ASX:WTC) rose almost 5%, and Xero (ASX:XRO) gained 2%.On the flip side, consumer staples stocks shed 4%, weighed down by a decline in Woolworths Group (ASX:WOW), the largest company in the sector by market capitalization.Shares of Woolworths slid more than 6% after the supermarket chain operator said fiscal 2026 Australian food earnings before interest and taxes growth is no longer expected to be at the upper end of its guidance range, as higher fuel costs and secondary effects from the Middle East conflict are likely to have an increasing inflationary impact through the remainder of the year.

ASX 200ASX:WOWASX:WTCASX:XRO

Asia63d ago

CSSC's Q1 Profit Surges 252%, Revenue Jumps 55%; Shares Up 3%

China CSSC's (SHA:600150) net profit attributable to shareholders in the first quarter surged 252% to 4.83 billion yuan from 1.37 billion yuan a year earlier, according to a Shanghai bourse filing on Thursday.Earnings per share soared 177% year on year to 0.642 yuan from 0.232 yuan.Operating revenue jumped 55% to 43.3 billion yuan from almost 28 billion yuan in the previous year.The shipbuilder's shares jumped 3% during the morning trade.

SHA:600150

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