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Integra Engineering India's CFO Resigns

Integra Engineering India (BOM:505358) said its chief financial officer, Kunal Thakrar, has resigned from the position citing personal reasons, according to a BSE filing on Thursday.He will continue to be in the position till May 29 to facilitate smooth transition.

BOM:505358

Asia67d ago

Market Chatter: Singapore Airlines Expands Operational Involvement in Loss-Making Air India

Singapore Airlines (SGX:C6L) has decided to increase its operational involvement in Air India, as the Indian carrier navigates a difficult journey, followed by record losses and safety concerns, according to a report by Bloomberg on Thursday.Citing people familiar with the matter on the condition of anonymity, the report revealed that the company has moved some of its employees into Air India and placed them in key decision-making positions.Meanwhile, Tata Group, which has a 74.9% stake in Air India, is honed in one other key functions, the report added.(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.)

SGX:C6L

Asia67d ago

Update: Woodside Energy's Long-Term Strategy Doesn't Mitigate Risks Linked to Oil, Gas Portfolio Growth, HESTA Says

(Updates with a comment from Woodside Energy in the fifth and sixth paragraphs.)Woodside Energy Group's (ASX:WDS) continued focus on expanding its oil and gas portfolio is worrying as it entails transition risk that is not adequately mitigated by the company's long-term strategy, Health Employees Superannuation Trust Australia (HESTA) said Thursday.The superannuation fund, which is a shareholder of Woodside, issued the statement following the company's annual general meeting, noting that it voted against both the remuneration report and the granting of share acquisition rights to the CEO."In our assessment the remuneration package constructed for incoming CEO Liz Westcott is not adequately justified," HESTA said. "The rise in total incentive opportunity appears excessive for an incoming CEO and out of step with its [Australian Securities Exchange] peers."The superannuation fund acknowledged Woodside's progress on climate disclosure and a reduced dependence on carbon credits, but also pointed to an opportunity "for the board to provide greater challenge to the assumptions underlying the oil and gas-focused strategy."In a statement to, a Woodside Energy spokesperson said the company's board "strongly disagreed with recommendations against the CEO's remuneration and we welcome today's positive vote."The CEO's total target reward is above the ASX20 median but lower than the international oil and gas peer median, reflecting her more than 30 years of experience in the global energy sector, the spokesperson said.The company's shares gained nearly 3% on market close.

ASX:WDS

Asia67d ago

Market Chatter: J.P. Morgan to Add Philippines to Emerging Market Index

J.P. Morgan plans to add the Philippines to its local currency emerging market debt index effective Jan. 29, 2027, Reuters reported Wednesday.As part of the inclusion, Philippine peso-denominated government bonds will enter the GBI-EM index series, according to the report. The weight of the bonds is anticipated to reach 1.78% once the phase-in is complete. Nine government bonds totaling $49 billion from the Philippines may be added, according to the report.The move is part of an index adjustment that will reduce country caps, or the maximum share a country can have in the diversified index, to 9% from 10% previously, the report said.The weight held by China, India, Mexico, Malaysia, and Indonesia will be lowered under this limit, Reuters said.J.P. Morgan is also adding Saudi Arabia to the index, with eight Saudi riyal-denominated sovereign sukuk entering the series and reaching a weight of 2.52% once phased in.(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.)

^PSEI

Asia67d ago

Patel Engineering Declared Lowest Bidder for Contract Worth INR15.9 Billion for Hydro Power Project in Nepal

Patel Engineering (NSE:PATELENG, BOM:531120) has been declared the lowest bidder for a contract worth 15.9 billion Indian rupees from SJVN Lower Arun Power Development Company, according to a Thursday filing to the Indian stock exchanges.The contract is for Package 2 of the 669 MW Lower Arun Hydropower Project in the Sankhuwasabha district of Nepal, which includes the execution of critical civil and hydromechanical works integral to the Lower Arun Hydro-Electric Project.The project is scheduled to be completed within 54 months.The company's shares were up nearly 1% inrecent trade.

BOM:531120NSE:PATELENG

Asia67d ago

Sandon Capital Investments Secures Commitments for Subscription of 3.5 Million Shares

Sandon Capital Investments (ASX:SNC) has secured binding commitments for the subscription of about 3.5 million ordinary shares as part of an institutional placement to sophisticated investors, according to a Thursday filing with the Australian bourse.The placement's issue price of AU$0.7625 per share matches the issue price for new shares under a share purchase program the company disclosed on April 9.The placement shares are expected to be issued alongside the shares under the share purchase plan, per the filing.

ASX:SNC

Asia67d ago

Studds Accessories Board Approves Incorporation of Italy Subsidiary

Studds Accessories (NSE:STUDDS, BOM:544599) said its board has approved incorporation of a wholly owned subsidiary in Italy, replacing the earlier plan to set up the entity in Spain, according to a Wednesday filing on Indian bourses.Shares of the company fell 1% in Thursday's trade.The proposed subsidiary will handle import, distribution, marketing and sales of the company's products in Europe, the filing said.The incorporation is subject to necessary regulatory approvals, it added.

BOM:544599NSE:STUDDS

Asia67d ago

DroneShield's Revenue Revision Blurs Recognition Timing, Raises Pull-Forward Risk, Jefferies Says

DroneShield's (ASX:DRO) first quarter might have been a straightforward update, but instead blurred recognition timing and raised pull-forward risk due to a material revision to revenue for a closed quarter, Jefferies said in a Wednesday note.The company lifted reported March quarter revenue to about AU$74 million from roughly AU$63 million at the April 8 update as a result of customer acceptance occurring after the earlier release."While technically acceptable, revising revenue for a completed quarter weakens confidence in the finality of reported numbers and clouds the distinction between 1Q and 2Q performance, effectively introducing timing noise rather than new demand," Jefferies said.It added that the company's staff expenses declined from the previous quarter despite an increase in headcount, with management pointing to engineer salaries being classified within administrative and corporate costs and noting that this accounting treatment is unchanged."The economics may reconcile, but the disclosure may obscure true cost momentum, in our view," the equity research firm said.DroneShield also reported a FIFA World Cup contract, which offers useful civil application validation and global visibility, but the contract's value is immaterial and is unlikely to move near-term revenue or earnings, Jefferies said.Jefferies lowered its price target on DroneShield to AU$3.40 from AU$3.70 while maintaining a hold rating.Shares of DroneShield were down 4% in recent Thursday trade.

ASX:DRO

Asia67d ago

Shanghai Rural Commercial Bank's Q1 Profit, Revenue Rise 1%; Shares Down 3%

Shanghai Rural Commercial Bank's (SHA:601825) net profit attributable to shareholders in the first quarter rose 0.7% to 3.59 billion yuan from 3.56 billion yuan in the previous year, according to a Shanghai bourse filing on Thursday.Earnings per share were flat year on year at 0.37 yuan.Operating revenue climbed 1.2% to 6.64 billion yuan from 6.56 billion yuan in the previous year.The lender's shares dropped less than 3% during the afternoon trade.

SHA:601825

Asia67d ago

Crystal-Optech Q1 profit Up 12%, Revenue Rises 16%

Zhejiang Crystal-Optech (SHE:002273) posted first-quarter attributable net profit of 246.7 million yuan, up 12% from 220.9 million yuan the previous year.Earnings per share rose to 0.18 yuan from 0.16 yuan, according to a Thursday filing with the Shenzhen bourse.Revenue climbed 16% year over year to 1.72 billion yuan from 1.48 billion yuan.Shares of the optics and optoelectronics manufacturer were up 1% in recent trade.

SHE:002273

Asia67d ago

Market Chatter: Malaysia Does Not Own Diesel Shipment to Australia, Official Says

Malaysia does not own the 200 million liters of diesel bound for Australia, government-owned Bernama reported Wednesday, citing Communications Minister Fahmi Fadzi.Fadzi said the diesel belongs to an international company that uses Malaysia as a storage hub, and is not Malaysian-produced diesel, according to the report.The diesel shipment is linked to a commercial arrangement with BP Australia, which operates a storage facility in Malaysian waters. The vessel transporting the fuel is scheduled to depart from Malaysia as part of the logistics chain, he 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.)

FTSE Bursa Malaysia KLCI

Asia67d ago

Shanghai Rural Commercial Bank Books Flat Profit in 2025; Shares Down 3%

Shanghai Rural Commercial Bank's (SHA:601825) net profit attributable to shareholders in 2025 was almost unchanged at 12.31 billion yuan from 12.29 billion yuan in 2024, according to a Shanghai bourse filing on Thursday.Earnings per share rose 0.8% to 1.28 yuan from 1.27 yuan.Operating revenue dropped 2.9% to 25.9 billion yuan from 26.6 billion yuan in the previous year.The lender's shares dropped almost 3% during the afternoon trade on Thursday.

SHA:601825

Asia67d ago

Wintime Energy's Attributable Profit Slides 87% in 2025

Wintime Energy (SHA:600157) attributable profit fell 87% to 208.6 million yuan in 2025 from 1.56 billion yuan in 2024, according to a Thursday filing with the Shanghai bourse.Earnings per share at the coal and energy producer decreased to 0.0095 yuan from 0.0705 yuan in the previous year.Operating income declined 16% year over year to 23.8 billion yuan from 28.4 billion yuan.Shares increased nearly 1% during afternoon trading on Thursday.

SHA:600157

Asia67d ago

Yunnan Lincang Xinyuan Germanium Industry 2025 Profit Falls 62%, Revenue Up 39%

Yunnan Lincang Xinyuan Germanium Industry (SHE:002428) posted 2025 attributable net profit of 20.1 million yuan, down 62% from 53.1 million yuan the previous year.Earnings per share declined to 0.03 yuan from 0.08 yuan, according to a Thursday filing with the Shenzhen bourse.Revenue climbed 39% year over year to 1.07 billion yuan from 767.4 million yuan.

SHE:002428

Asia67d ago

New Zealand Shares Fall; Genesis Energy Posts Lower Fiscal Q3 Retail Electricity Sales

New Zealand shares ended lower on Thursday as most Asian indexes saw losses after shipping worries continued around the Strait of Hormuz.The S&P/NZX 50 Index fell 0.47% or 60.67 points to close at 12,884.93.Iran seized two ships in the Strait of Hormuz, tightening its control over the strategic waterway after US President Donald Trump said he was indefinitely suspending attacks, with no indication that peace negotiations would resume, according to a Thursday Reuters report."Markets look very on edge here. We are still in a no-war, no-peace zone, and that means even an ⁠unverified scare of escalation can jolt oil and knock risk assets lower," said Charu Chanana, chief investment strategist at Saxo, as quoted by Reuters.In domestic news, Moody's has revised its outlook on New Zealand's AAA credit rating to negative from stable in a move that again signals a need for checks on spending and borrowing, Finance Minister Nicola Willis said.Further, credit card spending in New Zealand increased by 0.7% month on month to NZ$4.87 billion in March after a 0.1% increase in the previous month, while credit card balances fell 0.5% to NZ$6.08 billion in March, data from the Reserve Bank of New Zealand showed.Also, sales volumes continued to decline across New Zealand's housing market for the third consecutive month in March, down 2.4% year-over-year, Cotality saidIn corporate news, Genesis Energy (ASX:GNE, NZE:GNE) reported total retail electricity sales of 1,380 gigawatt-hours (GWh) for the fiscal third quarter ended March 31, down from 1,474 GWh in the same quarter a year earlier.Comvita (NZE:CVT) launched a pro-rata renounceable rights offer to raise up to NZ$30 million to support bank refinancing.

^NZ50ASX:GNENZE:CVTNZE:GNE

Asia67d ago

Giordano International's Q1 Revenue Up Nearly 4%

Giordano International (HKG:0709) reported HK$1.04 billion in first-quarter revenue, up 3.9% from HK$997 million a year earlier, according to a Thursday Hong Kong bourse filing.Revenue in Greater China rose 7.8% to HK$456 million, while sales in Southeast Asia and Australia jumped 4.2% to HK$398 million. Revenue from the Gulf Cooperation Council region fell 5.2% to HK$182 million.By channel, online revenue climbed 40.5% year over year to HK$163 million, while offline sales increased 2.3% to HK$767 million.Revenue from wholesale to franchisees fell 19% to HK$106 million.Group same-store sales jumped 8.2% to HK$817 million from HK$755 million.As of March 31, the apparel retailer operated 1,565 stores, down from 1,720 a year earlier.

HKG:0709

Asia67d ago

Alembic Pharmaceuticals Incorporates Philippines Subsidiary

Alembic Pharmaceuticals (NSE:APLLTD, BOM:506235) has established a subsidiary called Alembic Lifesciences Philippines Inc. in the Philippines, according to a Wednesday filing to the Indian stock exchanges.Shares of the company rose over 2% in Thursday's trading.The company will hold a 99.99% stake in the new entity, which will focus on marketing and distribution of pharmaceutical products in the region, the filing said.

BOM:506235NSE:APLLTD

Asia67d ago

J. K. Cement Emerges Preferred Bidder for Mining Lease for Karunda Limestone Block in India

J. K. Cement (NSE:JKCEMENT, BOM:532644) has been declared as the preferred bidder for the mining lease for Karunda Limestone Block-I spread over an area of 35.98 hectares in Chittorgarh in the state of Rajasthan, India, according to a Thursday filing to the Indian stock exchanges.The company had participated in the e-auction conducted by the state government of Rajasthan.The company's shares were down over 2% in recent trade.

BOM:532644NSE:JKCEMENT

Asia67d ago

AME REIT Books Investment Property Revaluation Surplus of MYR86 Million; Shares Rise 3%

AME Real Estate Investment Trust (KLSE:AMEREIT) recorded a revaluation surplus of about 86 million ringgit on its investment property portfolio for the financial year ended March 31, according to a Wednesday Malaysian bourse filing.Shares gained 3% in Thursday's afternoon trade.The uplift in property values is expected to increase the company's net asset value per unit to about 1.26 ringgit before income distribution.The exercise was conducted for accounting purposes under Malaysian financial reporting standards and REIT guidelines requiring annual revaluations, the filing said.

KLSE:AMEREIT

Asia67d ago

K.P. Energy Gets Inter-State Electricity Trading Licence in India; Shares Up 5%

K.P. Energy Ltd. (NSE:KEPL, BOM:539686) has received an inter-state electricity trading licence from the Central Electricity Regulatory Commission (CERC), according to a Thursday filing to the Indian stock exchanges.This approval will allow the company to undertake electricity trading across states and participate in nationwide power markets beyond region-specific offtake arrangements.It will help the company to engage with a broader customer base, including utilities and commercial and industrial consumers. It will also participate in exchange-led and short-term markets, as well as in long-term contracting strategies.The company's shares were up nearly 5% in recent trade.

BOM:539686NSE:KEPL

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