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Hanwha Aerospace Abandons Plan to Take Over Poongsan's Ammunition Business

Hanwha Aerospace (KRX:012450) suspended the review of acquiring the defense unit of Poongsan (KRX:103140), according to a Thursday filing with the Korea Exchange.Shares of Hanwha Aerospace rose nearly 4% at market close while those of Poongsan declined over 3%.The South Korean defense company did not specify the reason for the decision.

KRX:012450KRX:103140

Asia81d ago

Chunghwa Telecom Logs NT$10 Billion Profit in Q1

Chunghwa Telecom (TPE:2412) posted net income attributable to shareholders of NT$10.1 billion, or NT$1.30 per share for the first quarter.Revenue for the quarter totaled NT$60 billion, according to a Friday filing with the Taiwan Stock Exchange.For March alone, net income attributable to shareholders reached NT$3.32 billion or NT$0.42 per share. Meanwhile, revenue came in at NT$20.8 billion, the filing said.

TPE:2412

Asia81d ago

MediaTek Logs NT$63.2 Billion Profit in March

MediaTek (TPE:2454) logged consolidated net sales of NT$63.2 billion for March, according to a Friday filing with the Taiwan Stock Exchange.The figure rose 62% from NT$39 billion recorded in February, the company said.

TPE:2454

Asia81d ago

Hanwha Aerospace Wins KRW948.2 Billion Follow-On K9 Howitzer Contract from Finland's Defence Ministry

Hanwha Aerospace (KRX:012450) secured a follow-up contract worth 546 million euros, or 948.2 billion won, from the Finnish Ministry of Defence to supply K9 Self-Propelled Howitzers (SPH), the defense products manufacturer said in a Friday release.Finland first ordered 48 K9 units in 2017 and has since then placed several orders for the same. With the latest deal, Finland became the third NATO member, after Türkiye and Poland, to operate more than 200 units of K9, it said.The contract comprises 112 K9 systems and spare parts, with deliveries to the Finnish Army scheduled to commence from 2028, the release said.Shares of Hanwha Aerospace rose nearly 4% at market close.

KRX:012450

Asia81d ago

Indian Equities Rise on Friday Ahead of US-Iran Talks

Indian benchmarks indices closed higher on Friday, supported by optimism around upcoming U.S.-Iran talks that could ease geopolitical tensions.The BSE Sensex gained 918.60 points, or 1.2%, to end at 77,550.25, while the NSE Nifty 50 rose 275.50 points, or also 1.2%, to settle at 24,050.60.Markets saw steady buying through the session. Banking and financial stocks led the gains. Investors are tracking the outcome of peace talks scheduled over the weekend, as it could influence crude oil prices and near-term market direction.Among stocks, RailTel Corp. of India (NSE:RAILTEL, BOM:543265) edged higher after securing a 231.8 million rupee order to develop an online portal for a Goa government body.Oasis Securities (BOM:512489) jumped 5% after appointing Surendra Kumar Joshi as chief financial officer with effect from Friday.

^BSENifty 50BOM:512489BOM:543265NSE:RAILTEL

Asia81d ago

Sansan's Nine-Month Profit Soars 142%

Sansan's (TYO:4443) profit attributable to owners of the parent soared 142% to 4.11 billion yen for the nine months ended Feb. 28 from 1.70 billion yen a year earlier.The software company's earnings per share increased to 32.13 yen from 13.21 yen a year ago, according to a Tokyo bourse filing on Friday.Net sales jumped 26% to 39.3 billion yen from 31.1 billion yen in the prior year.In a separate filing, Sansan raised the lower end of its full-year net sales forecast to 53.6 billion yen from 52.7 billion yen initially, and its adjusted operating profit forecast to 8.04 billion yen from 6.85 billion yen, reflecting steady business progress through the third quarter.As such, for the fiscal year ending May 31, the company now expects net sales of 53.6 billion to 54 billion yen and adjusted operating profit of 8.04 billion to 8.64 billion yen, as it refrained from providing a specific 'concrete' forecast.Sansan does not plan to pay any interim or year-end dividends for the current year, similar with the year before.

TYO:4443

Asia81d ago

US FCC Could Bar Top Chinese Telcos From Operating US Data Centers

The U.S. Federal Communications Commission said it could bar three big Chinese telecommunications firms from operating data centers in the U.S. and ban U.S. interconnections with the three companies.The commission said it has tentatively concluded there are national security concerns regarding U.S. telecommunication companies connecting with companies identified in the U.S. government's "covered list."The FCC will have to seek comment regarding interconnections with the companies, among them China Mobile (HKG:0941), China Telecom (HKG:0728, SHA:601728), and China Unicom (HKG:0762), Reuters reported separately.The FCC could disallow U.S. telecommunications companies from connecting with companies that use equipment from the list, among them ZTE (HKG:0763, SHE:000063), the newswire said.The commission will vote on the possible ban on April 30.

HKG:0728HKG:0762HKG:0763HKG:0941SHA:600941SHA:601728SHE:000063

Asia81d ago

A-Sonic Aerospace Buys Back More Shares

A-Sonic Aerospace (SGX:BTJ) bought back 20,000 shares in the open market on Friday for SG$10,887, according to a same-day filing with the Singapore Exchange.The aerospace equipment and logistics company has been authorized to buy back about 10.6 million shares under its new mandate.

SGX:BTJ

Asia81d ago

ASTI to Cease Quarterly Reporting Following Clean Audit Report

ASTI (SGX:575) will cease quarterly reporting of its financials, according to a Friday filing with the Singapore Exchange.The disclosure comes after the company's auditor, Forvis Mazars, issued a clean audit opinion.The company will now release its financial statements for the six months ending June 30, no later than 45 days after the end of the financial period, the filing said.

SGX:575

Asia81d ago

Hing Yip Unit to Buy to Lease Back Assets

Hing Yip (HKG:0132) unit Canton Greengold Financial Leasing will buy to lease back certain assets from Chifeng Hesheng Yangguang Heat for 20 million yuan, according to a Friday Hong Kong bourse filing.The assets, comprising designated heat supply equipment and facilities, will then be leased back to the lessee for 60 months for a total lease payment of a little over 24.6 million yuan.

HKG:0132

Asia81d ago

OSG's Net Income Soars 93% in Fiscal Q1

OSG's (TYO:6136) net income attributable to owners of the parent soared 93% to 5.04 billion yen for the fiscal first quarter from 2.61 billion yen a year earlier.The machinery manufacturer's net income per share increased to 54.27 yen from 27.29 yen a year ago, according to a Tokyo bourse filing on Friday.Net sales rose 13% to 42.6 billion yen for the three months ended Feb. 28 from 37.8 billion yen in the prior year.For the full year ending Nov. 30, the company expects attributable net income of 15.4 billion yen, net income per share of 187.46 yen, and net sales of 165 billion yen.OSG plans to pay interim and year-end dividends of 39 yen and 45 yen per share, respectively, for the current year, which is higher than the 28 yen interim and 60 yen year-end dividends paid in the prior-year period.

TYO:6136

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