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Pharmicell Wins KRW8 Billion Contract from Doosan Electronics BG

Pharmicell (KRX:005690) secured a deal to supply Doosan Corp. (KRX:000150) subsidiary Doosan Electronics BG with electronic materials, according to a Friday filing with the Korea Exchange.The contract, valued at 8.07 billion won, is valid until July 31.

KRX:000150KRX:005690

Asia101d ago

Cyber Power Systems Hit By Cyberattack

Cyber Power Systems (TPE:3617) said unidentified hackers gained unauthorized access to parts of its systems and encrypted certain server data, according to a Thursday Taiwan Exchange filing.Shares gained over 1% in Friday's late morning trade.The company activated its cybersecurity response and recovery mechanisms immediately after the breach was discovered. External cybersecurity firms and experts were also brought in to assist with the investigation and remediation efforts.Cyber Power said the incident is not expected to have any material impact on its financial condition or business operations.

TPE:3617

Asia101d ago

Britannia Industries' Consolidated Profit Rises in Fiscal Q4

Britannia Industries' (NSE:BRITANNIA, BOM:500825) consolidated attributable profit rose to 6.78 billion Indian rupees in the fiscal fourth quarter ended March 31, from 5.60 billion rupees a year ago.Earnings per share came in at 28.16 rupees from 23.25 rupees a year earlier, the fast-moving consumer goods company said in a filing to the Indian stock exchanges on Thursday.Revenue from operations in fiscal Q4 increased to 47.2 billion rupees from 44.3 billion rupees a year ago.The company's board recommended a final dividend of 90.50 rupees per equity share of face value of 1 rupee each for the financial year ended March 31.

BOM:500825NSE:BRITANNIA

Asia101d ago

Greentown China Logs 9.6 Billion Yuan in April Sales

Greentown China Holdings (HKG:3900) reported total sales, including contracted and subscription sales, of about 9.6 billion yuan in April, according to a Thursday filing with the Hong Kong bourse.The property developer's shares gained nearly 1% in morning trade on Friday.The group sold 1,742 units of self-investment projects during the month, with a sales area of roughly 260,000 square meters.The average selling price for the month was 36,399 yuan per square meter.Contracted sales in the first four months of 2026 amounted to about 36 billion yuan. As of the end of April, the property firm recorded subscription sales of around 2.2 billion yuan.

HKG:3900

Asia101d ago

Marketingforce Management's Controlling Shareholder Undertakes Voluntary Lockup

Marketingforce Management's (HKG:2556) controlling shareholder, chief executive, and chairman, Zhao Xulong, made a voluntary undertaking to hold onto the company's shares for a 12-month period beginning May 16, the firm said in a Hong Kong filing Thursday.The marketing and sales software company's shares jumped nearly 8% in late morning trade Friday.Zhu Shuina, Zhao's spouse, made a similar undertaking as a controlling shareholder of the company, Marketingforce said.

HKG:2556

Asia101d ago

Inghams Group Says JPMorgan Chase Reduces Stake; Shares Fall 3%

Inghams Group (ASX:ING) received notice that JPMorgan Chase and its affiliates decreased their holdings in the company to 7.47% from 8.96%, according to a Friday Australian bourse filing.JPMorgan Chase and its affiliates now own 27.8 million shares in the company, the filing said.Its shares fell 3% in recent Friday trade.

ASX:ING

Asia101d ago

Boss Energy Shareholder JPMorgan Chase Boosts Stake

Boss Energy (ASX:BOE) shareholder JPMorgan Chase increased its stake in the company to about 28.4 million shares, or 6.83% of voting power, from 23.2 million shares, or 5.6% of voting power, according to a Friday filing with the Australian bourse.The change in the stake occurred on Tuesday.Boss Energy's shares fell 3% in recent Friday trade.

ASX:BOE

Asia101d ago

Performance of AMP's China Associates 'Overlooked,' as Investors Drive Share Price Lower, Jarden Research Says

The earnings power and performance of AMP's (ASX:AMP) China associates in fiscal year 2025 appeared to have been "overlooked" as investors focused on sharp misses in the Australian business, driving the share price 26% lower, Jarden said in a Thursday note.These associates contribute over 30% of the company's group net profit after tax and are growing at 36% per year, the investment and advisory firm said.Jarden suggests that AMP hold on to its Chinese stakes, improve disclosure, and inform the market about the asset management characteristics that warrant higher valuations compared with the insurance conglomerate comparables the market is applying, according to the note.Jarden maintained its overweight rating on AMP and raised its price target to AU$1.75 from AU$1.65.

ASX:AMP

Asia101d ago

Zai Lab's Net Loss Widens in Q1

Zai Lab (HKG:9688) reported $51 million in net loss for the first quarter of 2026, widening from a loss of $48.4 million a year earlier, according to a Thursday filing with the Hong Kong bourse.The biopharmaceutical company's shares fell over 6% in morning trade Friday.Loss per share was $0.05, compared with $0.04 in the prior year period.Revenue fell 6% year on year to $99.6 million, figures showed.

HKG:9688

Asia101d ago

GenusPlus Group Says TasNetworks Confirms Final Investment Decision for Construction of Tasmania Project

GenusPlus Group (ASX:GNP) said that the TasNetworks confirmed the final investment decision for the construction phase of the first stage of North West Transmission Developments in Tasmania, according to a Friday Australian bourse filing.The project financing requirements include debt funding of up to AU$1.2 billion from Clean Energy Finance and equity funding secured from the Tasmanian Government.GenusPlus expects the construction phase to start in the September quarter, per the filing.The issuing of the notice to proceed is subject to conditions, including the satisfaction of Tasmanian Planning Commission's permit conditions and the resolution of permit proceedings before the Tasmanian Civil and Administrative Tribunal, the filing said.

ASX:GNP

Asia101d ago

Market Chatter: Singapore to Clamp Down on Home Flipping

Singapore's Minister for National Development, Chee Hong Tat, outlined plans to discourage flipping of some homes, Bloomberg News reported Friday.The regulator is looking to introduce measures aimed at executive condominiums, the minimum occupation period of which will be doubled to 10 years, the report said.Under the new rules, buyers of executive condos will be required to go through the minimum occupation period before renting out the unit, selling it, or purchasing another home, the report noted.The new rules will be implemented to ease speculation in the city-state's real estate market and to improve profitability, 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.)

^STI

Asia101d ago

Raffles Education Returns to Profit in Fiscal Q3

Raffles Education (SGX:NR7) booked a profit after tax of SG$21.1 million in the fiscal third quarter ended March 31, against a loss of SG890,000 a year earlier, according to a Thursday filing with the Singapore Exchange.Shares of the education services provider were up over 2% in Friday trading.Revenue declined 14% year over year to SG$24.5 million from SG$28.5 million.

SGX:NR7

Asia101d ago

Hong Leong Asia Issues SG$145 Million Shares

Hong Leong Asia (SGX:H22) completed the placement of 50 million shares at SG$2.9 per share, worth a total of SG$145 million, according to a Thursday filing with the Singapore Exchange.Shares of the powertrain services company fell nearly 2% in recent trading.The new shares are expected to be listed and quoted on Friday, with trading slated to commence the same day, the filing added.

SGX:H22

Asia101d ago

Macquarie's Fiscal 2026 Result Beats Estimates, Driven by Lower Costs, Average Tax Rate, Jefferies Says

Macquarie Group's (ASX:MQG) fiscal 2026 results beat estimates, driven by lower costs and a lower average tax rate, Jefferies said in a Friday note.The company delivered a "very strong" result with net profit after tax of AU$4.85 billion up 30% year over year, exceeding Jefferies' estimates by 9%. The revenue also included "materially" higher provision build, which masks a stronger underlying result, the equity research firm said.The outlook aligns with Jefferies' fiscal 2027 after-tax net profit estimate of around AU$5 billion.Jefferies reiterated a buy rating on Macquarie Group with a price target of AU$247.40.Macquarie Group's shares shed 1% in recent Friday trade and earlier hit a record high.

ASX:MQG

Asia101d ago

REA Group Residential Buy Yield Growth Does Heavy Lifting in Fiscal Q3 Result, Jefferies Says

REA Group's (ASX:REA) residential buy yield growth did the heavy lifting in a still-subdued environment, driving its fiscal third quarter result, according to a Friday note by Jefferies.Its residential revenue in Australia was up 12%, driven almost entirely by yield as listings only grew 1% nationally. Buy yield grew 14%.Commercial and New Homes experienced double-digit growth due to price increases and higher project commencements.Free cash flow of AU$135 million was broadly flat, which may indicate some "lumpy" capital expenditure in the quarter.The investment firm has a buy rating on REA with a price target of AU$192 per share.

ASX:REA

Asia101d ago

Frasers Property's Attributable Profit Declines 38% in Fiscal H1; Shares Down 4%

Frasers Property's (SGX:TQ5) attributable profit to owners dropped by 38% during the fiscal first half ended March 31 to SG$88.4 million from SG$142.2 million a year earlier, according to a Friday filing with the Singapore Exchange.Earnings per share fell to SG$0.02 compared with SG$0.035 in the year-ago period.Revenue declined 5.2% year over year to SG$1.51 billion from SG$1.59 billion, mainly due to the absence of contribution from Sky Eden@Bedok in Singapore.Shares of the property developer and manager dropped nearly 4% in Friday trading.

SGX:TQ5

Asia101d ago

SoftMedx Healthcare's Controlling Shareholder Completes Share Sale

SoftMedx Healthcare (HKG:0648) said its controlling shareholder completed the sale of 500 million shares to new investors, according to a Thursday filing with the Hong Kong bourse.The healthcare company's shares were up over 2% in morning trading Friday.The shares represent 23.3% of the business and reduced Multi Omniverse Group's ownership to 51%.Multi Omniverse continues to remain the controlling shareholder of the company, SoftMedx said.

HKG:0648

Asia101d ago

Rongzun International Shareholder Bumps Stake, Launches Takeover; Shares Jump 68%

Rongzun International (HKG:1780) said it became the subject of a mandatory takeover offer after its largest shareholder bumped their ownership in the business, according to a Thursday filing with the Hong Kong bourse.The civil engineering firm's shares jumped 68% in late-morning trade Friday.Yang Jingyao, the single largest shareholder of the company, acquired 84 million shares of the business from Xia Liping at HK$0.52 each, or HK$43.7 million in total.The purchase raised Yang's ownership in Rongzun International to 33.39% from 19.84% previously.Yang has now offered to purchase the rest of the business at the same price.Rongzun International said it had formed an independent board committee to advise minority shareholders on the offer.

HKG:1780

Asia101d ago

News Fiscal Q3 Result 'Solid,' Demonstrating Strong Growth, Jarden Says

News' (ASX:NWS) fiscal third quarter result was "solid," demonstrating strong growth, Jarden said in a Friday note.Its earnings before interest, taxes, depreciation, and amortization grew 18% year over year in the quarter, and beat Jarden's forecast by 2%. Its Dow Jones business a key driver of the beat. Its adjusted net profit after tax rose 20% over the prior year.The company's book publishing segment benefited from higher physical and digital book sales, the investment firm noted. News Media, the smallest segment, was the largest miss, impacted by the launch of the California Post.Jarden reaffirmed an overweight rating on News, with a price target of AU$46.30.News' shares jumped 4% in recent Friday trade.

ASX:NWS

Asia101d ago

Poly Developments and Holdings to Pay First Annual Interest on Convertible Bonds

Poly Developments and Holdings (SHA:600048) will pay the first annual interest for the poly fixed convertible bond on May 15.The six-year bond has a coupon rate of 2.20% in the first year, which incrementally rises to 2.45% in the sixth year, according to a Thursday filing with the Shanghai bourse.

SHA:600048

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