Financial News · Live Terminal

Page 622 of 779

Update: Origin Energy Reports Lower March Quarter Production; Shares Fall 3%

(Updates to add stock movement in the headline and last paragraph)Origin Energy (ASX:ORG) reported March quarter production of 164.5 petajoules, down from 167.1 petajoules a year earlier, according to a Monday filing with the Australian bourse.The company reported commodity revenue of AU$1.86 billion for the quarter, down from AU$ 2.31 billion a year ago, per the filing.Origin Energy also said its electricity sales volume increased 4% from a year earlier amid "strong growth" in business volumes driven largely by the data-center sector.The company's shares fell 3% in recent Monday trade.

ASX:ORG

Asia64d ago

Alterity Therapeutics Secures US FDA Support for ATH434 Phase Three Program

Alterity Therapeutics (ASX:ATH) said it received positive feedback from a second type C meeting with the US Food and Drug Administration (FDA) on its planned phase three program for drug candidate ATH434, aimed at treating multiple system atrophy (MSA), according to a Monday filing with the Australian bourse.MSA is a progressive neurodegenerative disorder affecting autonomic and motor function with no approved disease-modifying therapies.The US FDA provided supportive written feedback on the program's chemistry, manufacturing, and controls, complementing earlier guidance from a separate type C meeting on clinical pharmacology and non-clinical development, the filing added.

ASX:ATH

Asia64d ago

Xinyuan Property Management's CFO Resigns

Xinyuan Property Management Service's (HKG:1895) chief financial officer, Wang Yong, has resigned, effective April 26, according to a Monday Hong Kong bourse filing.Wang stepped down to devote more time to personal commitments, the company said.The company said the resignation will not affect its normal operations, with Wang's duties to be reallocated internally on an interim basis.Xinyuan Property Management added that it is seeking a suitable replacement for the chief financial officer role.

HKG:1895

Asia64d ago

Lendlease Group Shares Down After Redevelopment Proposal in New South Wales

Lendlease Group (ASX:LLC) shares fell 2% in recent Monday trade after the company said Sunday that the New South Wales government has decided to advance its proposal to redevelop Rozelle Bay.The proposed redevelopment aims to deliver up to 3,000 new homes, with plans to complete 1,000 of them by 2032, to help meet more than 35% of the state government's home target of 8,500 homes across the Bays West precinct, Lendlease said.The company is a long-term leaseholder at Rozelle Bay, and will continue to collaborate with the government to refine the proposal, it said.

ASX:LLC

Asia64d ago

Megaport Says Unit Signs Over $25 Million Contract With US-Based Customer; Shares Up 5%

Megaport's (ASX:MP1) wholly-owned unit, Latitude.sh, signed a 36-month contract with a new US-based customer, with a total value of around $25.1 million, representing around $8.4 million in annualized recurring revenue, according to a Monday Australian bourse filing.The contract will be supported by around $12.2 million in incremental capital expenditure on CPU servers, the filing said.The company said it placed an order for the hardware, with delivery expected in fiscal 2026 and deployment to occur on a phased basis commencing in the first half of fiscal 2027 in line with customer requirements.The company reaffirmed its previously provided fiscal 2026 revenue guidance of AU$302 million to AU$317 million.Megaport's shares rose 5% in recent trading on Monday.

ASX:MP1

Asia64d ago

Hongqiao Aluminum's Profit Jumps 38%, Revenue Up 3%

Shandong Hongqiao Aluminum Industry (SHE:002379) reported a 38% jump in attributable net profit in the first quarter of 2026 to 6.76 billion yuan from 4.91 billion yuan, according to a filing on the Shenzhen Stock Exchange over the weekend.Diluted earnings per share rose to 0.5186 yuan from 0.3770 yuan.The aluminum company's revenue edged up 3.21% to 40.9 billion yuan from 39.7 billion yuan.

SHE:002379

Asia64d ago

Cofoe Medical Technology Seeks Up to HK$1.06 Billion in Hong Kong IPO

Cofoe Medical Technology (HKG:1187, SHE:301087) launched its Hong Kong initial public offering on Monday, seeking to raise up to about HK$1.06 billion from the deal.The China-based home care medical device provider is offering 27 million H-shares at a maximum offer price of HK$39.33 per share, according to a Hong Kong bourse filing.The offering comprises 2.7 million shares for Hong Kong investors and 24.3 million shares for international investors, subject to reallocation.The offer price is expected to be determined by May 4, with allocation results due by May 5, ahead of the company's planned trading debut on May 6.Net proceeds will be used mainly to support global expansion and strengthen overseas sales channels, as well as advance product research and development.The funds will also be used to expand domestic distribution networks, enhance branding and marketing efforts, and for working capital and general corporate purposes.Huatai Financial Holdings (Hong Kong) and BNP Paribas Securities (Asia) are acting as joint sponsors.Huatai Financial Holdings (Hong Kong) and BNP Paribas Securities (Asia) are serving as overall coordinators and are also acting as joint bookrunners and joint lead managers, alongside Futu Securities International (Hong Kong).

HKG:1187SHE:301087

Asia64d ago

CMOC Group's Q1 Profit Nearly Doubles as Revenue Jumps 44%

CMOC Group (SHA:603993, HKG:3993) reported a 97% jump in attributable net profit in the first quarter of 2026 to 7.76 billion yuan from 3.95 billion yuan a year ago, according to filings on the Shanghai and Hong Kong bourses over the weekend.Diluted earnings per share doubled to 0.36 yuan from 0.18 yuan.The copper and cobalt producer's revenue edged up 44% to 66.4 billion yuan from 46 billion yuan.

HKG:3993SHA:603993

Asia64d ago

Ping An Bank's Q1 Profit Rises 3%, Revenue Up 5%

Ping An Bank (SHE:000001) posted a 3% year-over-year increase in attributable net profit in the first quarter of 2026 to 14.5 billion yuan from 14.1 billion yuan, according to a Shanghai Stock Exchange filing over the weekend.Earnings per share edged up to 0.67 yuan from 0.62 yuan.The lender's revenue rose 4.7% to 35.3 billion yuan from 33.7 billion yuan.Net interest margin decreased 4 basis points year on year to 1.79%.

SHE:000001

Asia64d ago

China Jushi's Q1 Profit Surges 73.5%, Revenue Up 18%

China Jushi (SHA:600176) posted a 73.5% year-over-year increase in attributable net profit in the first quarter of 2026 to 1.27 billion yuan from 730.4 million yuan, according to a Shanghai Stock Exchange filing over the weekend.Earnings per share edged up to 0.3193 yuan from 0.1825 yuan.The fiberglass manufacturer's revenue jumped 17.9% to 5.28 billion yuan from 4.48 billion yuan.

SHA:600176

Asia64d ago

Moore Threads Swings to Profit in Q1 as Revenue More Than Doubles

Moore Threads Technology (SHA:688795) swung to an attributable net profit of 29.4 billion yuan in the first quarter of 2026 from a net loss of 112.5 million yuan a year prior, according to a Shanghai bourse filing over the weekend.The manufacturer of graphics processing units booked earnings per share of 0.06 yuan, versus a loss per share of 0.28 yuan a year ago.The recovery came as revenue surged 155% to 737.6 million yuan from 288.9 million yuan in the first quarter of 2025.

SHA:688795

Asia64d ago

China Shenhua Energy's Profit Falls 11% in Q1; Revenue Up 1%

China Shenhua Energy's (SHA:601088, HKG:1088) attributable net profit fell 11% in the first quarter of 2026 to 11.9 billion yuan from 13.4 billion yuan a year earlier, according to filings on the Shanghai and Hong Kong bourses over the weekend.Earnings per share edged down to 0.591 yuan from 0.673 yuan.Revenue climbed 1.2% to 70.4 billion yuan from 69.6 billion yuan a year prior, which the coal mining company attributed to higher revenue from power sales.

HKG:1088SHA:601088

Asia64d ago

Japanese Stocks Edge Up on Wall Street Earnings, Despite Stalled US-Iran Talks and Hormuz Closure

Japanese shares climbed on Monday's opening session, driven by solid corporate earnings from Wall Street, even as peace negotiations between the U.S. and Iran broke down, extending the shutdown of the Strait of Hormuz.The Nikkei rose modestly by 164.5 points, or 0.3%, to start trading day at 59,880.71.Markets are expected to stay tense as several major central banks, including the Bank of Japan, announce their policy decisions starting Tuesday.Although investors broadly anticipate no change in interest rates, traders will watch closely for any signals that officials are worried about inflation risks arising from oil supply disruptions linked to the Iran conflict.

Nikkei 225

Asia64d ago

Altair Minerals to Raise AU$28 Million via Share Placement; Shares Reach Near 14-Year High

Altair Minerals (ASX:ALR) received a firm commitment from Endeavour Mining's Endeavour Gold subsidiary to raise AU$28.2 million through a placement of 656.3 million shares at AU$0.043 apiece, according to a Monday filing with the Australian bourse.In tranche one, 398 million shares will be issued, while the remaining 258.3 million shares will be issued in tranche two, subject to shareholder approval, the filing said.Proceeds will be used to advance the company's drilling and geochemical programs.Endeavour is expected to become a 9.9% shareholder of the company upon completion of the placement, per the filing.Shares rose 20% in recent Monday trade and earlier reached their highest since June 2012.

ASX:ALR

Asia64d ago

Nido Education Acquires Four Child Care Services for AU$9.1 Million

Nido Education (ASX:NDO) has completed its AU$9.1 million acquisition of four child care services, including one in South Australia and three in Western Australia, according to a Monday filing with the Australian bourse.Together, the four acquired services operate 348 locations with an average daily fee of AU$197, per the filing.

ASX:NDO

Asia64d ago

Atlas Arteria Receives Unsolicited Takeover Bid From IFM

Atlas Arteria (ASX:ALX) has received an unsolicited off-market takeover proposal from IFM to acquire all remaining securities it does not already own at AU$4.75 per share in cash, a roughly 10% premium to the company's last closing price, according to a Monday filing with the Australian bourse.IFM has indicated that the offer price may increase to AU$5.10 per share if it obtains at least a 45% relevant interest before the offer closes, subject to certain "best and final" conditions, per the filing.The offer is subject to several conditions, including required third-party consents and approvals, which may or may not be met, the filing said.The company's board has established an independent board committee to assess the proposal, and shareholders are advised to take no action, the filing added.The company's securities will be temporarily suspended from trading on the Australian Securities Exchange.

ASX:ALX

Asia64d ago

Kweichow Moutai's Q1 Profit Rises 1.5%, Revenue Up 6.5%

Kweichow Moutai (SHA:600519) posted a 1.47% year-over-year increase in attributable net profit in the first quarter of 2026 to 27.2 billion yuan from 26.8 billion yuan, according to a Shanghai Stock Exchange filing over the weekend.Earnings per share edged up to 21.76 yuan from 21.38 yuan.Revenue jumped 6.5% to 53.9 billion yuan from 50.6 billion yuan.

SHA:600519

Asia64d ago

PLS Group Shows 'Strong' Q3 Production, 'Resilient' Pricing Through 2026, Says Jefferies

PLS Group (ASX:PLS) delivered a "strong" production quarter relative to Jefferies and market forecasts, with resilient lithium pricing through the current calendar year supporting a positive outlook, said Jefferies in a Friday note.The company on Friday reported March quarter production of 232,400 tonnes and revenue of AU$567 million compared to 125,000 tonnes and revenue of AU$150 million a year ago.The investment firm added that PLS maintains elastic production capability and a clearly defined growth pipeline.The company's "soft" third quarter sales will be unwound into the fourth quarter's resilient price environment and maintain a constructive long-term view, supported by supply demand/dynamics and operational fundamentals, the note added.Jefferies kept a buy rating on PLS and raised its price target to AU$6.70 from AU$6.The company's shares rose 1% in recent Monday trade.

ASX:PLS

Asia64d ago

Market Chatter: Bank of Japan Expected to Hold Rates Steady

The Bank of Japan is anticipated to leave interest rates unchanged at its upcoming Tuesday meeting, Bloomberg News reported on Monday.Only a few weeks ago, many market participants and analysts expected Ueda and the board to proceed with policy normalization by raising rates after their two-day session, the news wire said.However, those expectations faded when U.S. President Donald Trump's conflict with Iran drove oil prices higher, reducing the market's probability of a rate hike to just 7%, the publication said.Consequently, many economists have revised their forecasts, now pointing to a potential rate increase in June instead, 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.)

Nikkei 225

Asia64d ago

National Australia Bank Shares Down After Resolution of Union Court Proceedings

National Australia Bank (ASX:NAB) shares were down about 1% in recent Monday trade following a Friday settlement with the Finance Sector Union of Australia to resolve court proceedings related to excessive additional working hours for employees.The settlement, reached on a without-admissions basis through mediation, includes the establishment of a health, safety, and well-being framework to mitigate the risks linked to working additional hours, and calls for greater oversight of such risks.The union and the bank said in a joint statement that they are "committed to continuing to work together to ensure fair and sustainable outcomes for all [National Australia Bank] employees."

ASX:NAB

Showing 12421-12440 of 15579