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Shares of Qantas Airways Falls as AustralianSuper Becomes Substantial Shareholder

Shares of Qantas Airways (ASX:QAN) fell around 1% in recent Friday trade after it said in a late Thursday filing that AustralianSuper became a substantial holder of the company on Tuesday.AustralianSuper now owns 79.7 million shares in the company, representing a 5.27% total voting power, the filing said.

ASX:QAN

Asia69d ago

Ora Banda's Strong Cash Generation Underpins Ongoing Growth Initiatives, Euroz Hartleys Says

Ora Banda Mining's (ASX:OBM) strong cash generation is underpinning ongoing growth initiatives, Euroz Hartleys said in a note on Thursday.The firm modestly exceeded the analysts' production forecast for the quarter, with free cash flow around 38% above their prior estimate.Its gold production in the March quarter rose 21% to 38,766 ounces from the December 2025 quarter, with 38,637 ounces sold and fiscal 2026 year-to-date production totaling 101,200 ounces. The company said free cash flows of AU$76.3 million lifted closing cash to AU$231.7 million from AU$155.4 million at December 2025.The investment firm maintained its buy recommendation on Ora Banda and raised the price target to AU$1.88 per share, from AU$1.85 per share.

ASX:OBM

Asia69d ago

DL E&C to Build Korean Reinsurance's HQ Building for KRW362 Billion

DL E&C (KRX:375500) secured a contract for the construction of Korean Reinsurance Company's new headquarters building.The order, valued at 362 billion won, is valid till June 27, 2030, the construction company said in a Friday filing with the Korea Exchange.Shares of DL E&C fell 2% in recent trade.

KRX:375500

Asia69d ago

Jereh Oilfield Services' 2025 Profit Rises 2%, Revenue Jumps 21%; Shares Up 4%

Jereh Oilfield Services Group's (SHE:002353) net profit attributable to shareholders in 2025 rose 2% to 2.68 billion yuan from 2.63 billion yuan a year earlier, according to a Shenzhen bourse filing on Friday.Earnings per share climbed 1.9% year on year to 2.64 yuan from 2.59 yuan.Operating revenue jumped 21% to 16.2 billion yuan from 13.4 billion yuan in the previous year.The oil and gas company's shares jumped 4% during the morning trade.

SHE:002353

Asia69d ago

Gpixel Changchun Microelectronics Jumps 81% in Hong Kong Trading Debut

Gpixel Changchun Microelectronics' (HKG:3277) shares opened 80.6% above their initial public offering price in a solid Hong Kong debut on Friday morning.The Chinese semiconductor company opened at HK$72 per share, compared with the offer price of HK$39.88.

HKG:3277

Asia69d ago

SenseTime Group Seeking HK$3.25 Billion via Share Offering; Shares Up 4%

SenseTime Group (HKG:0020) is looking to raise HK$3.25 billion via a share offering, according to a Hong Kong bourse filing Friday.Shares of the company declined nearly 4% in morning trade Friday.The artificial intelligence firm is seeking investors for 1.7 billion shares of the company priced at HK$1.91 apiece, representing 4.09% of its class B shares and 4.04% of its total issued shares, as enlarged by the placing.Proceeds from the placement will be used to expand the company's AI infrastructure and research and development activities, SenseTime said.

HKG:0020

Asia69d ago

NZX Midday Sector Update: Producer Manufacturing Shares Rise, Non-Energy Minerals Decline

Producer manufacturing shares gained the most on New Zealand's Exchange, rising past 1% by midday Friday.Shares of Scott Technology (NZE:SCT) were up past 2% in recent trade.Meanwhile, shares of the non-energy minerals sector fell over 2%.Santana Minerals (NZE:SMI, ASX:SMI) was down past 3% in recent trade.

^NZ50ASX:SMINZE:SCTNZE:SMI

Asia69d ago

Update: Alcoa Posts Lower Q1 Adjusted Earnings, Revenue; Reaffirms 2026 Outlook; Shares Fall 3%

(Updates to add stock movement in the headline and last paragraph)Alcoa (ASX:AAI) reported Friday first-quarter adjusted earnings of $1.40 per share, down from $2.15 a year earlier.Analysts polled by FactSet expected earnings of $1.53.Revenue for the three months ended March 31, was $3.19 billion, compared with $3.37 billion a year earlier.Analysts surveyed by FactSet expected $3.28 billion.The company expects 2026 total alumina segment production and shipments to remain unchanged from its prior projection, ranging between 9.7 million to 9.9 million metric tons, and between 11.8 million and 12 million metric tons, respectively.The company also reaffirmed its 2026 total aluminum segment production guidance and shipments, ranging between 2.4 million and 2.6 million metric tons, and between 2.6 million and 2.8 million metric tons, respectively.The company's shares fell around 3% in recent Friday trade.

ASX:AAI

Asia69d ago

Update: Zip Posts Higher Fiscal Q3 EBTDA, Upgrades Fiscal 2026 Outlook; Shares Up 16%

(Updates to add stock movement in the headline and last paragraph)Zip (ASX:ZIP) reported Friday fiscal third quarter cash earnings before taxes, depreciation, and amortization (EBTDA) of AU$65.1 million per share, up from AU$46 million a year earlier.Revenue for the three months ended March 31 was AU$332.2 million, compared with AU$276.3 million a year earlier.The total transaction volume for the quarter was AU$4 billion, compared with AU$3.3 billion in the prior-year period.The company said it upgraded its fiscal 2026 group cash EBTDA guidance to be no less than AU$260 million. It also reconfirmed its previous guidance and forecast group revenue margin of around 8%.The company's shares rose almost 16% in recent Friday trade.

ASX:ZIP

Asia69d ago

Pmet Resources' Collaboration With Koch Technology Important Step in Raising Stake of Value in Cesium Supply Chain, Euroz Hartleys Says

Pmet Resources' (ASX:PMT) collaboration with Koch Technology Solutions, a division of Koch, is an important step for Pmet to increase its share of the value in the cesium supply chain beyond just selling concentrate, Euroz Hartleys said in a Thursday note.Pmet launched a strategic test work program with Koch Technology to evaluate advanced processing methods for producing high-value cesium chemicals from pollucite concentrates at its Shaakichiuwaanaan project in Canada.Cesium is highly concentrated, therefore any new supply is highly strategic and can be leveraged. The combination of scale, grade and co-product potential, including cesium and tantalum, continues to support the project's potential for low-cost operations over time.The investment firm maintained its speculative buy recommendation and AU$0.95 price target on Pmet Resources, with the price target placed under review.Pmet Resources' shares were up nearly 1% in recent Friday trade.

ASX:PMT

Asia69d ago

Jereh Oilfield Services' Q1 Profit Climbs 26%, Revenue Rises 22%; Shares Up 4%

Jereh Oilfield Services Group's (SHE:002353) net profit attributable to shareholders in the first quarter climbed 26% year on year to 588.3 million yuan, or 0.58 yuan per share, according to a Shenzhen bourse filing on Friday.The attributable profit a year earlier was 465.7 million yuan, or 0.46 yuan per share.Operating revenue rose 22% to 3.29 billion yuan from 2.69 billion yuan in the previous year.The oil and gas company's shares jumped 4% during the morning trade.

SHE:002353

Asia69d ago

Wipro's Consolidated Profit Slips in Fiscal Q4

Wipro's (NSE:WIPRO, BOM:507685) consolidated attributable profit declined to 35.0 billion Indian rupees in the fiscal fourth quarter ended March 31, from 35.7 billion rupees a year ago.Earnings per share contracted to 3.33 rupees from 3.39 rupees a year earlier, the Indian IT services major said in a filing to the Indian stock exchanges on Thursday.Revenue from operations in fiscal Q4, however, rose to 242.4 billion rupees from 225.0 billion rupees a year ago.

BOM:507685NSE:WIPRO

Asia69d ago

Market Chatter: IMF Urges Japan to Raise Rates Gradually, Target Fiscal Support Amid Strong Demand

A senior International Monetary Fund official has advised Japan to gradually raise interest rates while keeping any fiscal stimulus narrowly targeted, citing robust domestic demand and steady wage gains, Reuters News reported on Friday.Krishna Srinivasan, director of the IMF's Asia Pacific Department, stated at a news conference that Japan's growth has remained resilient, with strong domestic demand and positive wage growth, the news wire said.Srinivasan recommended that the Bank of Japan adopt a data-dependent approach to gradual rate hikes, projecting inflation will reach the BOJ's 2% target by 2027, the publication said.On fiscal policy, Srinivasan urged Japan to use its fiscal buffers wisely and provide targeted support, noting that current fuel and utility subsidies are adding to the country's already substantial debt, 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

Asia69d ago

West African Resources Shares Placed in Trading Halt Pending Announcement on Potential Acquisition of Additional Stake in Unit

West African Resources' (ASX:WAF) securities were placed in a trading halt on Friday after the company said an announcement is being prepared regarding a decree by the Burkina Faso government in relation to its potential acquisition of an additional 25% stake in the share capital of the company's Kiaka unit, according to a same-day Australian bourse filing.Kiaka is the owner of the recently constructed Kiaka gold project.The company requested that the trading halt remain in place until the release of the announcement or the commencement of normal trading on April 20, whichever comes first.

ASX:WAF

Asia69d ago

Long Investment to Invest in Two Nasdaq-listed Firms

Long Investment (HKG:2312) agreed to make two separate minority investments in Nasdaq-listed firms Metalpha Technology and NIP Group, according to a Hong Kong bourse filing Friday.The firm will acquire 1.74 million Metalpha shares from Qomolangma Capital and 4.6 million class A NIP shares from Nebula Digital Investment in exchange for 22.7 million shares and 17.9 million shares of the company, priced at HK$0.728 each, respectively.The 40.6 million shares to be issued in aggregate represent 8.89% of the company's enlarged share capital.The firm said it is acquiring the shares for investment purposes.The company's acquisition represents minority investments of less than 5% in the two companies, Long Investment said.

HKG:2312

Asia69d ago

Insignia Financial's Acquisition By CC Capital, Affiliates Becomes Legally Effective

Insignia Financial (ASX:IFL) said that the scheme of arrangement for its acquisition by Daintree BidCo, an entity established by CC Capital Partners and its affiliates, became legally effective, according to a Friday Australian bourse filing.It confirmed that it had lodged an office copy of the orders made by the Federal Court of Australia approving the proposed acquisition with the Australian Securities and Investments Commission.The quotation of Insignia Financial shares on the Australian bourse is expected to be suspended from the close of trading on Friday. The scheme is expected to be implemented on April 28.

ASX:IFL

Asia69d ago

New Hope Service to Raise Stake in Property Management Unit

New Hope Service (HKG:3658) agreed to acquire a further 45.5% stake in Chengdu Mingyu Global Business Management for 74.8 million yuan, according to a Friday Hong Kong bourse filing.Upon completion, the company's interest in Chengdu Mingyu Global will increase to 96.5% from 51%.The consideration will be settled through a debt set-off arrangement, the filing said.Chengdu Mingyu Global provides property management services in Sichuan, and the deal is expected to strengthen operational control and align the business more closely with the group's strategy.

HKG:3658

Asia69d ago

King's Stone Forms Joint Venture for Energy Storage Investments

King's Stone (HKG:1943) agreed to establish a joint venture in Shenzhen with an independent investor, according to a Friday Hong Kong bourse filing.The joint venture will have registered capital of 10 million yuan, with the company holding an 80% stake and contributing 8 million yuan, while its partner will invest 2 million yuan for a 20% interest.The new entity will focus on technology development and investments across the energy storage value chain.Upon establishment, the venture will become a subsidiary of King's Stone.

HKG:1943

Asia69d ago

Manycore Tech Soars 172% in Hong Kong Trading Debut

Manycore Tech's (HKG:0068) shares opened 171.7% above their initial public offering price in a stellar Hong Kong debut on Friday morning.The China-based cloud-native spatial design software provider opened at HK$20.70 per share, well above the offer price of HK$7.62.

HKG:0068

Asia69d ago

Gpixel Changchun Microelectronics Nets HK$2.5 Billion in Hong Kong IPO Ahead of Debut

Gpixel Changchun Microelectronics (HKG:3277) raised HK$2.50 billion in net proceeds from its initial public offering in Hong Kong.The offer price was set at HK$39.88 per H-share, according to a Thursday after-market filing with the Hong Kong Stock Exchange.The Chinese semiconductor company offered 65.3 million H-shares in the global offering.The Hong Kong public offer was 1,138.21 times subscribed, with a final allocation of 6.5 million shares, representing 10% of the total offering.The international offering was 22.69 times subscribed, with a final allocation of 58.8 million shares, or 90% of the total offering.An over-allocation of 9.8 million shares was made under the international tranche.Cornerstone investors, including CPE Peepal Investment, HHLR Advisors, UBS Asset Management (Singapore), Arc Avenue Asset Management, Boyu Capital, and others, were allotted a combined 32.6 million shares, according to the filing.Gpixel Changchun Microelectronics is scheduled to debut on the Hong Kong bourse on Friday, April 17.

HKG:3277

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