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Jiangsu Phoenix Publishing & Media's Attributable Profit Jumps 12% in 2025; Shares Slide 3%

Jiangsu Phoenix Publishing & Media's (SHA:601928) attributable profit rose 12% to 1.80 billion yuan in 2025 from 1.60 billion yuan in 2024, according to a Tuesday filing with the Shanghai bourse.Earnings per share at the publisher increased 13% to 0.71 yuan from 0.63 yuan in the previous year.Operating income declined 9.3% year over year to 12.3 billion yuan from 13.6 billion yuan.Shares decreased 3% during late afternoon trading on Tuesday.

SHA:601928

Asia68d ago

Clean Max Enviro Energy Ties Up with Shell India for Renewable Energy Projects

Renewable energy company Clean Max Enviro Energy Solutions (NSE:CLEANMAX, BOM:544717) has partnered with Shell India to supply renewable electricity to the latter's assets in Gujarat and Karnataka in India, according to a Tuesday filing to the Indian stock exchanges.The company will supply renewable power to Shell's LNG terminal at Hazira, Surat, from its 16.83 MW wind-solar hybrid project in Gujarat, under the group-captive model. The renewable energy plant in Gujarat comprises 6.93 MWp of solar and 9.90 MW of wind capacity.It will also supply power to Shell's technology center in Bengaluru from its 13.2 MW wind-solar hybrid project in Karnataka, consisting of 9.9 MWp of solar capacity in Jagalur and 3.3 MW of wind capacity in Honawad.Under the group-captive program, both companies will co-invest to develop these renewable energy assets. Together, the projects are expected to generate approximately 66,832 MWh of renewable energy annually.The company's shares were down nearly 1% in recent trade.

BOM:544717NSE:CLEANMAX

Asia68d ago

Market Chatter: Hong Kong Flight Capacity to Increase 10% in Q2

Hong Kong's airline capacity is expected to expand by about 10% in the second quarter, Bloomberg News reported Tuesday.Seat capacity to mainland China and South Korea is forecast to jump between 17% and 30% from a year earlier, the report said, citing a Bloomberg Intelligence note.Short-haul demand is also reportedly lifting traffic to Southeast Asia, particularly Vietnam and Malaysia.Meanwhile, long-haul services to markets such as the U.S. and Australia are seen rising by around 15% to 16%, 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.)

Hang Seng

Asia68d ago

SML Mahindra's Fiscal Q2 Net Profit Rises; Shares Plummet 7%

SML Mahindra (NSE:SMLISUZU, BOM:505192), formerly SML Isuzu, recorded an increase in its net profit to 542.0 million Indian rupees in the fiscal fourth quarter, from 529.5 million rupees a year ago, according to an Indian bourse filing on Monday.Shares of the company fell over 7% in Tuesday's trade.Earnings per share during the quarter ended March 31 climbed to 37.46 rupees from the year-ago figure of 36.60 rupees.Revenue from operations in fiscal Q4 increased to 8.98 billion rupees from 7.71 billion rupees a year earlier.The company also declared a final dividend of 23.50 rupees per share for the financial year ended March 31.

BOM:505192NSE:SMLISUZU

Asia68d ago

Australian Shares Flat; Rio Tinto Posts Higher Q1 Copper Equivalent, Iron Ore Production

Australian shares ended flat on Tuesday, while most Asian markets saw gains after reports of further negotiations between the US and Iran.The S&P/ASX 200 Index was little changed to close at 8,949.40.Iran is considering attending peace negotiations with the US in Pakistan, while Islamabad attempts to end a US blockade on Iranian ports, which is seen as a key obstacle to Tehran's participation, before a two-week ceasefire expires.On Monday, the Nasdaq Composite fell 0.3%, the S&P lost 0.2%, while the Dow Jones remained little changed.On the domestic front, the ANZ-Roy Morgan Australian consumer confidence fell 0.2 points to 64.3 in the week of April 13 to 19, ANZ reported.In company news, Rio Tinto Group (ASX:RIO) on Tuesday reported a 9% year-over-year increase in copper equivalent production in the first quarter, while global iron ore production jumped 12% to 82.8 million tonnes.Lynas Rare Earths (ASX:LYC) said its fiscal third-quarter gross sales revenue increased to AU$265 million from AU$123 million a year earlier, while sales receipts advanced to AU$234 million from AU$124.6 million.Lastly, Qantas Airways (ASX:QAN) launched a week-long sale on fares across 90 routes on the airline's domestic and regional network, including both the economy and business categories, with travel available through March 2027.

ASX 200ASX:LYCASX:QANASX:RIO

Asia68d ago

OneSource Specialty Pharma's Partner Gets US FDA Nod for Generic Version of Ozempic

OneSource Specialty Pharma's (NSE:ONESOURCE, BOM:544292) partner Orbicular has received tentative approval from US Food and Drug Administration (US FDA) for a generic version of Ozempic (Semaglutide injection), according to a Tuesday filing to the Indian stock exchanges.OneSource is the contract development and manufacturing organization (CDMO) partner for the complex peptide.Orbicular led its product development and technical program, while OneSource supported the program as the CDMO partner, providing end-to-end manufacturing capabilities for the US market filing.The collaboration will help to ensure a reliable commercial supply from OneSource's US FDA site in Bangalore, India.The company's shares were down over 1% in recent trade.

BOM:544292NSE:ONESOURCE

Asia68d ago

Lion Asiapac Flags Loss for Nine-Month Period

Lion Asiapac (SGX:BAZ) is expecting to book a loss for the nine months ended March 31, according to a Tuesday filing with the Singapore Exchange.The roofing solutions company has attributed this to a one-off realization of foreign currency translation reserves arising from the de-consolidation of former subsidiary, Compact Energy.

SGX:BAZ

Asia68d ago

Espressif's Q1 Profit Jumps 45%, Revenue Climbs 16%; Shares Down 3%

Espressif Systems Shanghai's (SHA:688018) net profit attributable to shareholders in the first quarter jumped 45% to 135.6 million yuan from 93.7 million yuan a year earlier, according to a Shanghai bourse filing on Tuesday.Earnings per share rose year on year to 0.82 yuan from 0.61 yuan.Operating revenue climbed 16% to almost 648 million yuan from 557.8 million yuan in the prior year.The Chinese fabless semiconductor maker's shares dropped by less than 3% during the afternoon trade.

SHA:688018

Asia68d ago

Peric Special Gases' Q1 Profit Rises 17%, Revenue Jumps 36%; Shares Up 3%

Peric Special Gases' (SHA:688146) net profit attributable to shareholders in the first quarter rose 17% to 101.3 million yuan from 86.7 million yuan a year earlier, according to a Shanghai bourse filing on Tuesday.Earnings per share increased 19% year on year to 0.19 yuan from 0.16 yuan.Operating revenue jumped 36% to 701.4 million yuan from 515.7 million yuan in the previous year.The Chinese gas company's shares jumped 3% during the afternoon trade.

SHA:688146

Asia68d ago

Oriental Pearl's Attributable Profit Slips 8% in 2025

Oriental Pearl Group's (SHA:600637) attributable profit fell 7.7% to 617.5 million yuan in 2025 from 668.7 million yuan in 2024, according to a Tuesday filing with the Shanghai bourse.Earnings per share at the Chinese media and entertainment company decreased 7.6% to 0.1837 yuan from 0.1989 yuan in the previous year.Operating income declined 2.7% year over year to 7.49 billion yuan from 7.70 billion yuan.

SHA:600637

Asia68d ago

Hebang Biotech's Swings to Loss in 2025; Shares Down 7%

Sichuan Hebang Biotechnology (SHA:603077) swung to a net loss attributable to shareholders of 536.4 million yuan, or 0.0522 yuan per share, in 2025, according to a Shanghai bourse filing on Tuesday.The attributable profit a year earlier was 31.5 million yuan, or 0.0037 yuan per share.Operating revenue dropped 16% to 7.19 billion yuan from 8.58 billion yuan in the previous year.The Chinese biotechnology company's shares fell 7% during the afternoon trade.

SHA:603077

Asia68d ago

Eswin Materials' Attributable Loss Widens in Q1; Shares Slide 4%

Xi'an Eswin Materials Technology's (SHA:688783) attributable loss widened to 158.3 million yuan in the first quarter from 144.8 million yuan in the year-ago period, according to a Tuesday filing with the Shanghai bourse.The silicon wafer manufacturer's loss per share stayed flat at 0.04 yuan.Operating income grew 11% year over year to 723.3 million yuan from 654.2 million yuan.Shares decreased 4% during afternoon trading on Tuesday.

SHA:688783

Asia68d ago

Rio Tinto Says Direct Impact of Middle East Conflict on Supply Limited, Uncertain on H2 Supply Chain Impact

Rio Tinto (ASX:RIO) said the direct impacts of the Middle East conflict on its operations have been limited, while commodity prices have responded favorably, though it has relatively limited visibility of how the ongoing conflict will affect supply chains in the second half of the year, according to a Tuesday Australian bourse filing.The company said it consumes about 1.6 billion liters of diesel annually, around two-thirds in the Pilbara, and that despite higher diesel prices steepening the cost curve, its cost position remains resilient, underpinned by scale and global supply chain leverage.The company said that its vertically integrated value chain, with operations across the Americas, Asia Pacific, and Europe, has ensured security of supply to customers, with iron ore, copper, and lithium operations remaining largely unaffected with no material disruption to supply chains.The company's shares rose 1% in recent Tuesday trade.

ASX:RIO

Asia68d ago

Global Invacom Bags Exclusive Global Distribution Deal for Prodelin Antennas

Global Invacom (SGX:QS9) said its UK subsidiary signed a deal with Premix-Hadlock to become the exclusive worldwide distributor of Prodelin antennas, according to a Tuesday filing with the Singapore Exchange.Approved by satellite operators Intelsat and Eutelsat, Prodelin antennas provide cost-effective connectivity and quality solutions for Very Small Aperture Terminal (VSAT), cellular backhaul, and a range of ground station applications for government and defense communication.Shares of the satellite products supplier surged nearly 14% in Tuesday's afternoon trade.

SGX:QS9

Asia68d ago

Hebang Biotech's Q1 Profit Soars 1,287%; Shares Down 7%

Sichuan Hebang Biotechnology's (SHA:603077) net profit attributable to shareholders in the first quarter skyrocketed 1,287% to 173.6 million yuan from 12.5 million yuan a year earlier, according to a Shanghai bourse filing on Tuesday.Earnings per share surged 1,308% year on year to 0.0169 yuan from 0.0012 yuan.Operating revenue dropped 20% to 1.39 billion yuan from 1.73 billion yuan in the prior year.The Chinese biotechnology company's shares fell 7% during the afternoon trade.

SHA:603077

Asia68d ago

Caliway Biopharma Seeks US FDA Nod for Fat Reduction Drug's Phase 3 Trial; Shares Rise 5%

Caliway Biopharmaceuticals (TPE:6919) completed a U.S. FDA IND submission for the phase three clinical trial for a fat reduction drug, according to a Monday Taiwan Exchange filing.Shares rose about 5% in Tuesday's afternoon trade.The study will evaluate the drug, dubbed CBL-514, for abdominal subcutaneous fat reduction.The randomized, double-blind, placebo-controlled trial will enroll about 320 participants across the U.S., Canada and Australia.The company said the application was submitted on Monday and is currently under review, the filing said.

TPE:6919

Asia68d ago

Largan Precision to Buy Facility Equipment Worth NT$1.5 Billion

Largan Precision (TPE:3008) will acquire facility equipment worth NT$1.54 billion, according to a Monday Taiwan Exchange filing.Shares slid over 2% in Tuesday's midday trade.The equipment will be supplied by Yankey Engineering. The investment is aimed at supporting production capacity expansion, it said.

TPE:3008

Asia68d ago

Huang Hsiang Construction Buys Land in New Taipei for NT$3.5 Billion

Huang Hsiang Construction (TPE:2545) purchased five land plots in New Taipei, Taiwan, for NT$3.46 billion, according to a Monday Taiwan Exchange filing.Shares gained about 4% in Tuesday's afternoon trade.The land, spanning 11,105.92 square meters, was purchased from Huangming Industrial, Ching Lung Development, and an individual.The acquisition aligns with the company's future operational plans and the sites' strategic location, it added.

TPE:2545

Asia68d ago

Champion Iron March Quarter Outlook Flags Weaker Earnings, Euroz Hartleys Says

Champion Iron (ASX:CIA) is expected to deliver a softer March quarter than market expectations, with Euroz Hartleys citing operational headwinds including maintenance activity, rail disruptions, and pricing pressure, alongside progress on the Rana Gruber acquisition, according to a Monday note.Euroz Hartley has trimmed its March quarter forecasts for the company, pointing to a softer-than-expected operating environment across the period, with revenue, earnings before interest, taxes, depreciation, and amortization, and net income now forecast to come in 5%, 12%, and 82% below consensus, respectively, while production remains broadly steady but margins are weaker.The firm highlights the completed acquisition of Rana Gruber, noting a 92.5% acceptance rate, and estimates an initial net asset value contribution of AU$342 million under base assumptions, rising to AU$736 million at spot prices, based on a 15-year mine life at 5 million tonnes per annum throughput with improving concentrate grades.Euroz Hartleys kept a buy rating on Champion Iron with a price target of AU$7.70.

ASX:CIA

Asia68d ago

Market Chatter: Singapore Purchases Additional LNG from Other Regions

Singapore is purchasing additional liquefied natural gas or LNG from other regions, with the conflict in the Middle East wreaking havoc, according to a report by The Straits Times on Tuesday.According to The Energy Market Authority, LNG shipments have been impacted by the US-Iran conflict, with Singapore GasCo working to ensure the city-state's fuel demands, the report added.Imported gas makes up around 95% of the country's electricity needs, the report noted.(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.)

^STI

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