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Dongguan Dingtong Precision Metal's Attributable Profit Jumps 52% in Q1

Dongguan Dingtong Precision Metal's (SHA:688668) attributable profit rose 52% to 80.3 million yuan in the first quarter from 52.9 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.Earnings per share at the communication connectors manufacturer increased 53% to 0.58 yuan from 0.38 yuan in the prior-year period.Operating income grew 21% year over year to 457.4 million yuan from 378.7 million yuan.

SHA:688668

Asia70d ago

Frasers Logistics & Commercial Trust to Acquire Logistics Asset in Netherlands

Frasers Logistics & Commercial Trust (SGX:BUOU) agreed to acquire a freehold logistics property located at Haper, the Netherlands for 43 million euros from VDG Property Development 10, according to a Thursday filing with the Singapore Exchange.The property spans a gross lettable area of 25,603 square meters and is fully leased to DSV Air & Sea Nederland.Following the completion of the acquisition, the trust's portfolio will comprise 114 properties valued at around SG$7 billion.

SGX:BUOU

Asia70d ago

Indian Equities Slip on Thursday Amid Profit Booking in Heavyweights

Indian benchmark indices closed marginally lower on Thursday as profit booking in select large stocks offset early optimism.The BSE Sensex slipped 122.56 points, or 0.2%, to finish at 77,988.68, while the NSE Nifty 50 fell 34.55 points, or 0.1%, to close at 24,196.75.Sentiment remained mildly supported by expectations of a second round of US-Iran talks aimed at easing the ongoing conflict. Uncertainty over timing, however, kept investors cautious.On the macro side, India's Wholesale Price Index (WPI) inflation rose to 3.88% in March, up from 2.13% in February, according to government data released late on Wednesday. Goods and services exports also declined 4.58% year-on-year to $74.11 billion in March.Among stocks, HDFC Asset Management Company (NSE:HDFCAMC, BOM:541729) reported a slight dip in consolidated profit to 6.23 billion rupees in Q4 FY26 from 6.38 billion rupees a year earlier. Revenue from operations rose to 10.5 billion rupees from 9.01 billion rupees, according to its filing.Alembic Pharmaceuticals (NSE:APLLTD, BOM:533573) gained after receiving US FDA approval for Methotrexate Injection in both multi-dose and single-dose vials. The drug is used in cancer treatment as well as autoimmune conditions including rheumatoid arthritis and psoriasis.

^BSENifty 50BOM:533573BOM:541729NSE:APLLTDNSE:HDFCAMC

Asia70d ago

Philippine Banks to Face Profitability Strains Amid Borrower Relief Efforts, S&P Says

The profitability of Philippine banks will face pressure under relief efforts for borrowers, S&P Global Ratings said in a Thursday release.The central bank carried out a temporary pause on borrower repayments due to the impact of increasing energy prices and supply chain disruptions.The measure could dampen profitability under peaking net interest margins and heightened credit losses, although it could also ease a surge in nonperforming loans, credit analyst Nikita Anand said.The pause in loan repayments for a year should help borrowers manage their cash flow better, the analyst said.S&P believes the country's banking industry has low exposure to sectors most exposed to the conflict, aiding in maintaining nonperforming loan levels.However, persistent conflict could boost problematic loans, especially for mid-sized corporates, smaller businesses, and lower-income consumers, the rating agency said.The banks' solid profitability and sufficient capitalization and liquidity should help them weather the shocks, S&P said.

^PSEI

Asia70d ago

Kinergy Grants 7.7 Million Share Options as Incentives

Kinergy (HKG:3302) granted a little over 7.7 million share options to certain participants on Monday under a 2018 incentive plan, according to a Thursday filing with the Hong Kong bourse.The options are exercisable into the same number of shares at HK$0.365 per share from the date of vesting of the options to April 13, 2031, subject to the fulfillment of certain performance targets.The shares represent roughly 0.84% of the high-tech capital equipment manufacturer's share capital on full exercise.The grantees include eight employees, including the firm's chief operating office and vice president of original design manufacturer.

HKG:3302

Asia70d ago

Daewoo Engineering & Construction Secures KRW1.268 Trillion Housing Project

Daewoo Engineering & Construction (KRX:047040) secured the Shinheung District 3 public-participation redevelopment project, valued at 1.268 trillion won, from Korea Land and Housing Corporation, according to a Thursday filing with the Korea Exchange.The project includes 3,584 housing units across 24 residential buildings, and is slated for completion in 54 months from the start date of demolition works, the filing said.

KRX:047040

Asia70d ago

Market Chatter: BYD Focuses on 'Price Parity' in South Africa as Competition Heats Up

Electric vehicle maker BYD (SHE:002594, HKG:1211) is focusing on "price parity" with combustion models instead of promotions in South Africa amid intensifying competition, Reuters reported Wednesday, citing local managing director Steve Chang.While rivals slash prices to grab market share, BYD focuses on "price parity" with petrol models and heavy spending on market education, Chang reportedly said.BYD sold 589 units in March, just behind Mercedes-Benz and Stellantis and beating legacy brands like Volvo, the news agency wrote.Shares of the carmaker closed 6% higher on the Hong Kong bourse and 2% higher on the Shenzhen bourse.(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.)

HKG:1211SHE:002594

Asia70d ago

Market Chatter: Japan Maintains Sustainability Finance Efforts Amid Energy Supply Disruptions

Sustainability-linked bond issuance in Japan for 2026 will be in line with last year's $10 billion total due to diversification efforts amid energy supply disruption due to the Middle East conflict, Nikkei Asia reported Thursday, citing SMBC Nikko Securities.Meanwhile, Mizuho Securities forecasts a 10% increase in issuance for the fiscal year, with the market maintaining its appetite despite a decline in megadeals, the report cited senior sustainability strategist Yasunobu Katsuki as saying.The Japanese government views the Middle East war as supportive of an energy transition set forth by former Prime Minister Yoshishide Suga, intending to make the country carbon-neutral by 2050, the report said.The strategy involves energy sources that include nuclear, hydrogen, and ammonia, on top of renewables, supporting the country's supply which is still reliant on imports, according to the report.The efforts face bottlenecks in terms of the development of alternative energy technologies, commercial scaling, and minimal disruption to the economy and workforce, the report said.Sovereign climate transition bond issuances in the country have seen a decline since their launch in fiscal 2023, although there is a plan to issue such bonds amounting to 1 trillion yen in fiscal 2026, the report cited research firm Climate Integrate as saying.(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

Asia70d ago

Container Corp. of India Gets Order Worth INR1.75 Billion for Spine Car Rakes; Shares up 3%

Container of India (NSE:CONCOR, BOM:531344) has received an order worth 1.75 billion Indian rupees from Braithwaite & Co., according to an Indian bourse filing on Wednesday.Shares of the company rose over 3% in Thursday's trade.The contract involves manufacturing and supply of nine BLSS (spine car) rakes on a turnkey basis, the filing said.Deliveries are scheduled to be completed by Feb. 28, 2027, at a minimum pace of two rakes per month, it added.

BOM:531344NSE:CONCOR

Asia70d ago

FiberPro Wins KRW4.62 Billion Multichannel Optical Power Meter Supply Contract

FiberPro (KOSDAQ:368770) secured a supply contract for a multichannel optical power meter from Santec LIS Corporation, according to a Thursday filing with the Korean Exchange.The deal, valued at 4.62 billion won, is valid till Nov. 30.Shares of the precise motion measurement solutions provider rose more than 3% at market close.

KOSDAQ:368770

Asia70d ago

Pacific Basin Shipping Unit to Acquire Two Vessels

Two units of Pacific Basin Shipping (HKG:2343) agreed to acquire two Handysize newbuilding vessels from Jiangmen Nanyang Ship Engineering for around $59.6 million, according to a Thursday filing with the Hong Kong bourse.The vessels, comprising Open hatch Handysize log bulk vessels with an approximate deadweight capacity of 40,000 deadweight tons, are expected to be delivered in the second half of 2028.

HKG:2343

Asia70d ago

Chuan Hup Buys Back More Shares

Chuan Hup (SGX:C33) bought back 286,000 shares in the open market on Thursday for SG$68,760 or SG$0.24 per share, according to a same-day filing with the Singapore Exchange.To date, the investment company has bought back nearly 33.7 million shares under its current buyback mandate.

SGX:C33

Asia70d ago

Nam Cheong Slashes Debt by 42%

Nam Cheong (SGX:1MZ) reduced its restructured debt balance by 42% to 285 million ringgit, according to a Thursday filing with the Singapore Exchange.The reduction was driven by chartering cash flow and vessel sales, the filing said.

SGX:1MZ

Asia70d ago

TSMC's Q1 Net Income Soars 58%

Taiwan Semiconductor Manufacturing (TPE:2330), or TSMC, reported first-quarter net income of NT$572.5 billion, or NT$22.08 per share, surging 58% from a year earlier.The chipmaker attributed the performance to continued strong demand for its leading-edge process technologies, according to a Thursday Taiwan Exchange filing.Revenue rose 35% annually to NT$1.134 trillion, the filing said.During the quarter, shipments of 3-nanometer chips accounted for 25% of total wafer revenue, 5-nanometer chips for 36%, and 7-nanometer chips for 13%, with advanced technologies making up 74% of total wafer revenue.Looking ahead, TSMC expects second-quarter revenue to range between $39 billion and $40.2 billion, supported by sustained demand for advanced nodes, with gross margin projected at 65.5% to 67.5% and operating margin at 56.5% to 58.5%.

TPE:2330

Asia70d ago

China Shenhua Energy's Coal Sales Rise in March, Output Slips

China Shenhua Energy's (SHA:601088, HKG:1088) coal sales jumped 6.4% to 36.8 million tons in March from 34.6 million tons in the year-ago period, according to a Thursday filing with the Hong Kong bourse.Commercial coal production fell 4.8% to 28 million tons from 29.4 million tons in the prior-year period.Power output increased 16% to 18.9 billion kilowatt-hours from 16.3 billion kilowatt-hours, while gross power generation also climbed 16% year over year to 20.1 billion kilowatt-hours from 17.3 billion kilowatt-hours.In the first quarter of 2026, coal sales jumped 3.9% to 103.2 million tons year over year, while production slipped 2.4% to 80.5 million tons.

HKG:1088SHA:601088

Asia70d ago

John Cockerill India Wins INR3 Billion JSW Steel Contract; Shares up 4%

John Cockerill India Ltd (BOM:500147) said JSW Steel Coated Products has awarded it a contract worth 3 billion Indian rupees for a continuous galvanizing line at its Khopoli plant, according to a Wednesday filing on BSE.Shares of the company rose nearly 4% in Thursday's trade.The scope includes designing, manufacturing, supplying and supervising erection and commissioning of the CGL #3 project, the filing said. The project is scheduled for completion by May 2028, it added.

BOM:500147

Asia70d ago

Furuya Metal's Parent Boks Net Income of 23.9 Billion Yen in 2025

Tanaka Precious Metal Technologies, the non-listed parent company of Furuya Metal's (TYO:7826), recorded a net income of 23.9 billion yen in 2025.Net sales reached 419.2 billion for the period, according to a disclosure with the Tokyo Stock Exchange on Thursday.The company, which directly holds a 17.29% voting stake in Furuya Metal had total assets of approximately 1.20 trillion yen, has only one shareholder, TANAKA PRECIOUS METAL GROUP.The company maintains a transaction relationship as a major supplier to Furuya Metal, with terms determined fairly by referencing market prices and other supplier agreements.

TYO:7826

Asia70d ago

Market Chatter: Italy Curbs Sinochem's Role at Pirelli to Unlock US Market Access

Italy set golden power curbs on Sinochem (SHA:600500), limiting the Chinese chemical manufacturer to just three board seats in tiremaker Pirelli, Reuters reported Wednesday.Sinochem appointees are also disallowed from taking on chair or CEO roles, according to the report.Italy's industry minister Adolfo Urso said the move allows Milan-listed Pirelli to compete in the U.S., where rules are cutting the use of Chinese technologies in the auto sector, Reuters wrote.The ruling caps a governance war over Sinochem's influence, blocking Pirelli's U.S. expansion, according to the report.(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.)

Shanghai Composite^SZSESHA:600500

Asia70d ago

S&P Forecasts Weaker Credit Quality for 15% of Asia-Pacific Corporates Under Prolonged Middle East War

Protracted energy supply disruptions due to the Middle East conflict would weaken the credit profile of 15% of rated Asia-Pacific corporates, S&P Global Ratings said in a Thursday release.The figure under this downside scenario is greater than the 9% forecast under S&P's base case of a nearer end to the conflict.Sectors most vulnerable to the downside case include chemicals, downstream oil and gas, airlines, automotive, engineering and construction, and building materials, S&P said.The rating agency expects countries with depleting energy reserves to be impacted first, with subsidy efforts postponing some impact but ultimately pressuring countries' financial positions.The impact of the oil shock will vary across firms in different countries and even within the same sector, S&P said.However, supply chain diversification, inventory management, and timely cost passthrough should aid sectors in anchoring credit quality, S&P said.

ASX 200Hang SengNikkei 225Shanghai Composite^SZSE

Asia70d ago

Refex Industries Bags Transportation Order Worth INR325 Million

Refex Industries (NSE:REFEX, BOM:532884) secured an order worth 324.5 million Indian rupees from an undisclosed public sector company, according to a filing to the Indian stock exchanges on Thursday.The contract is for the transportation of pond ash to road construction sites of India's National Highway Authority.The project will be completed in one year and is extendable up to six months.The company's shares were up nearly 2% in recent trade.

BOM:532884NSE:REFEX

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