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Macquarie Group Transitions Portfolio With Materials Outweighing Financialization, Jarden Says

Macquarie Group (ASX:MQG) transitioned its portfolio to a new paradigm of growth, where materials and matter outweigh financialization, Jarden said in a note on Friday.Its fiscal second-half net profit after tax came in at AU$3.19 billion, up 93% half-over-half, and fiscal 2026 net profit after tax was AU$4.85 billion, up 30% year-over-year.Jarden said the key upside risks were the divestment of its renewable asset portfolio and the recovering global investment geopolitical environment. The key downside risks were exogenous financial market shocks, and material risk and compliance failure.The investment firm has a buy rating on Macquarie with a target price of AU$240 per share.

ASX:MQG

Asia101d ago

Market Chatter: Leapmotor Launches EV in Germany Undercutting Competition

China's Zhejiang Leapmotor Technology (HKG:9863) launched a electric vehicle in Germany under a monthly subscription model that undercuts a similar offer from Stellantis, Bloomberg reported Thursday.The firm is offering the Leapmotor T03 for a monthly subscription starting at 49 euros, or half the price of the similarly sized Fiat 500, the report said.The launch comes amid a push by Leapmotor to expand its presence in Europe's largest auto market, the publication 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.)

HKG:9863

Asia101d ago

Pengana International Says Management of Global Equities Portfolio to Transition to Antipodes Global After Capital Management Process

Pengana International Equities (ASX:PIA) said the the management of its global equities portfolio will transition to Antipodes Global Investment Management following the completion of a capital management process, according to a Friday Australian bourse filing.The board proposed an off-market equal-access share buyback under which all eligible shareholders will have the opportunity to tender up to 100% of their shareholding, the filing said.Assuming Pengana remains viable after completion of the buyback, a non-renounceable pro-rata rights issue at after-tax net tangible assets will be considered, per the filing.The board declared a fully franked dividend of AU$0.014 per share for the June quarter, payable on June 16, the filing said. The board expects to declare a fully franked special dividend, subject to final confirmation at declaration.Pengana International Equities' shares were up over 1% in recent trading on Friday.

ASX:PIA

Asia101d ago

ASX Midday Sector Update: Financials Stocks Lead Broad Market Declines

All sectors on the Australian Securities Exchange were in the red in midday trading on Friday, with financial stocks falling past 2% to lead decliners, as oil prices climbed after reports of clashes between the US and Iran in and around the Strait of Hormuz.Commonwealth Bank of Australia (ASX:CBA) and Westpac Banking (ASX:WBC) both shed more than 2%, while National Australia Bank (ASX:NAB) was nearly 3% lower. Shares of Macquarie Group (ASX:MQG) were down more than 2% after earlier hitting a record high following its fiscal year 2026 results.

ASX 200ASX:CBAASX:MQGASX:NABASX:WBC

Asia101d ago

Dabur India's Consolidated Attributable Profit Grows in Fiscal Q4

Dabur India's (NSE:DABUR, BOM:500096) consolidated attributable profit increased to 3.69 billion Indian rupees from 3.20 billion rupees a year ago, according to a Thursday filing to the Indian stock exchanges.Earnings per share climbed to 2.07 rupees from 1.80 rupees a year earlier, the fast-moving consumer goods giant said.Revenue from operations in fiscal Q4 also rose to 30.4 billion rupees from 28.3 billion rupees a year ago.The company's board recommended a final dividend of 5.50 rupees per equity share having a face value of 1 rupee each for the financial year 2025-26.

BOM:500096NSE:DABUR

Asia101d ago

Robotphoenix Intelligent Technology Launches Hong Kong IPO; Eyes to Raise HK$750 Million

Robotphoenix Intelligent Technology (HKG:6871) launched its Hong Kong initial public offering on Friday, seeking to raise up ro HK$750.3. million from the deal.The China-based industrial robotics maker is offering 24.6 million H-shares at HK$30.50 per share, according to a Hong Kong bourse filing.The offering comprises 1.23 million shares for Hong Kong investors and 23.37 million shares for international investors, subject to reallocation.The IPO's allocation results are due May 15, ahead of the company's planned trading debut on May 18.Net proceeds will be used to fund the development of the company's robotics technology, supply chain, production capabilities, as well as business expansion.ABCI Securities, CLSA, Ping An Securities (Hong Kong), China Industrial Securities International Capital, CMBC Securities, Emperor Securities, Huafu International Securities, Shenwan Hongyuan Securities (H.K.), SPDB International Capital, Futu Securities International (Hong Kong), Livermore Holdings, and Tiger Brokers (HK) Global are the joint bookrunners of the IPO.

HKG:6871

Asia101d ago

Ruihe Data Technology to Invest RMB 73.3 Million in AI-focused Investment Fund

Ruihe Data Technology (HKG:3680) agreed to invest 73.3 million yuan in an artificial intelligence-focused investment fund, according to a Friday disclosure with the Hong Kong bourse.The company will make the investment in Houze Equity Investment Partnership through its subsidiary Ruihe Data Shenzhen for a 7.23% stake in the fund.The fund intends to invest in unlisted artificial intelligence companies, with a planned operation period of five years, unless extended.

HKG:3680

Asia101d ago

CATL to Develop Chassis Platform for Turkey's Togg

Contemporary Amperex Technology's (HKG:3750, SHE:300750) skateboard chassis arm partnered with Togg for the development of a chassis platform for the Turkish automotive brand, the battery maker said in a Thursday press release.CATL, through its unit Contemporary Amperex Intelligent Technology (Shanghai), will produce the chassis platform through its Bedrock Chassis technology for three models in Togg's B-segment vehicle family.The first model under the partnership is expected to start mass production in 2027.

HKG:3750SHE:300750

Asia101d ago

New Zealand First Home Buyers Retain High Market Share Amid Favorable Conditions, Cotality-Westpac Report Says

First home buyers in New Zealand represented 27.5% of property purchases across the country in the first quarter, slightly lower than the 28.2% record high in the fourth quarter of 2025, according to a Cotality-Westpac report published Friday.First home buyers are purchasing more in a market that is busier overall: over the last 12 months, they bought some 24,800 properties, the biggest annual total since the third quarter of 2021, according to the report."This strength for [first home buyers] is being seen right across the country, with market shares running above their own long-term averages since 2005," the report said, noting that first-time buyers accounted for 37% of first-quarter activity in the broader Wellington area, roughly 8 percentage points higher than its average.Activity for first home buyers is supported by access to low-deposit finance, with recent central bank data showing that more than half of their loans are offered at less than 20% deposit."Looking ahead, although getting onto the property ladder remains challenging, conditions should stay relatively favorable for first home buyers," the report said.

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Asia101d ago

Lupin's Consolidated Profit Rises in Fiscal Q4

Lupin's (NSE:LUPIN, BOM:500257) consolidated attributable profit rose sharply to 14.6 billion Indian rupees in the fiscal fourth quarter ended March 31, from 7.73 billion rupees. a year ago.Earnings per share came in at 31.89 rupees from 16.87 rupees a year earlier, the pharmaceutical company said in a filing with the Indian stock exchanges on Thursday.Revenue from operations in fiscal Q4 increased to 74.7 billion rupees from 56.7 billion rupees a year ago.The company's board declares a dividend of 18 rupees per equity share of face value of 2 rupees each, fully paid up, for the financial year ended March 31.

BOM:500257NSE:LUPIN

Asia101d ago

Update: Macquarie Group Posts Higher Fiscal 2026 Earnings, Revenue; Shares Hit Record High

(Updates to add stock movement in the headline and last paragraph)Macquarie Group (ASX:MQG) reported Friday fiscal 2026 earnings of AU$12.669 per share, up from AU$9.755 a year earlier.Analysts polled by FactSet expected earnings of AU$11.6.Revenue from ordinary activities for the 12 months ended March 31 was AU$19.48 billion, compared with AU$17.21 billion a year earlier. Analysts surveyed by FactSet expected AU$19.31 billion.The board declared a final dividend of AU$4.20 per share, up from AU$3.90 a year earlier, payable July 2 to shareholders on record as of May 19.Shares of Macquarie fell nearly 3% in recent trading on Friday and earlier hit a record high.

ASX:MQG

Asia101d ago

NZX Midday Sector Update: Consumer Services Stocks Advance, Financial Sector Struggles

Consumer services stocks advanced nearly 1% at midday Friday.Skycity Entertainment Group (NZE:SKC, ASX:SKC) gained nearly 1% in recent trade.On the flip side, the financial sector struggled, shedding almost 4%.Westpac Banking (NZE:WBC, ASX:WBC) shares fell nearly 5% in recent trade.

^NZ50ASX:SKCASX:WBCNZE:SKCNZE:WBC

Asia101d ago

NexGen Energy Says Assays Highlight Continuity of High-Grade Subdomain at Canada Discovery

NexGen Energy (ASX:NXG) said assays highlighted the expansion and continuity of the high-grade subdomain at its Patterson Corridor East (PCE) discovery in Canada, according to a Friday Australian bourse filing.It encountered intercepts of 13 meters at 5.2% grade of triuranium octoxide, including 0.5 meters at 30.2% grade of triuranium octoxide, at 400 meters below surface, as well as 10 meters at 3.95% grade of triuranium octoxide, including 0.5 meters at 33.3% grade of triuranium octoxide, at 670 meters.Around 29,241.8 meters of the planned 42,000 meters of exploration drilling is scheduled to resume the week of May 25.Its shares fell 2% in recent trading on Friday.

ASX:NXG

Asia101d ago

Infroneer Cuts Conversion Price on 2029 Green Convertible Bonds

Infroneer (TYO:5076) will lower the conversion price for its zero-coupon green convertible bonds due 2029 to 1,660.4 yen from 1,722.8 yen following the approval of a 90 yen-per-share dividend, according to a Friday filing on the Tokyo Stock Exchange.Under the conditions of the bonds, holders can exercise stock acquisition rights before March 2028 only if the company's share price exceeds 150% of the conversion price over a specified trading period.Following the revision, the threshold will be 2,490 yen. The threshold for the later exercise period through December 2028 will be 2,158 yen.

TYO:5076

Asia101d ago

APAC Resources to Invest AU$33 Million in Tanami Gold Rights

APAC Resources (HKG:1104) said it will invest AU$32.6 million in Tanami Gold (ASX:TAM) after agreeing to participate in the miner's rights issue, according to a Friday disclosure with the Hong Kong bourse.The firm will purchase 544 million shares, representing 46.30% of Tanami's enlarged share capital, under the rights offering priced at AU$0.06 per share.The shares will be allotted to the company on June 3.

ASX:TAMHKG:1104

Asia101d ago

South Korean Shares Open Lower on Heightened Iran Tension Concerns

South Korean shares opened lower on Friday, as investors held on to their profits after two consecutive days of gains, after energy supply concerns rose again following escalated tensions in the Middle East.The benchmark Korea Composite Stock Price Index, or Kospi, declined by 136.11 points, to open at 7,353.94. The Kosdaq gained marginally to open at 1,199.47.The tension between the U.S. and Iran escalated on Friday after U.S. forces targeted Iranian military facilities that launched attacks against warships passing through the Strait of Hormuz, U.S. Central Command said.The U.S. military said in a statement that U.S. forces do "not seek escalation."Iran's armed forces said the U.S. military's airstrikes on Thursday night hit civilian areas along the coasts of Qeshm Island, Bandar Khamir and Sirik.These renewed tensions sent Brent crude 2.3% higher to over $102 a barrel, as investors were concerned that the Middle East crisis would extend the continued the closure of the Strait of Hormuz.

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Asia101d ago

Metals X to Subscribe for 34 Million Shares in Tanami Gold Capital Raising; Shares Reach All-Time High

Metals X (ASX:MLX) will subscribe for 34.4 million shares for a consideration of AU$2.1 million in the AU$70.5 million capital raising by Tanami Gold (ASX:TAM) through a fully underwritten one-for-one renounceable entitlement offer of new shares at AU$0.06 apiece, according to a Friday filing with the Australian bourse.The subscription will maintain the company's interest in Tanami Gold at 2.93% of the expanded issued capital, the filing said.Metals X shares rose nearly 2% in morning trade Friday and earlier reached an all-time high. Meanwhile, Tanami Gold shares fell 15%.

ASX:MLXASX:TAM

Asia101d ago

Wuhan Changjin Photonics Tech Launches Shanghai IPO

Wuhan Changjin Photonics Technology (SHA:688635) launched its initial public offering on the Shanghai Stock Exchange, according to a Friday bourse filing.The electronic components manufacturer will offer up to 23.4 million shares, accounting for 25% of its total share capital.The expected issuance date is on May 18. Guotai Haitong Securities will serve as the lead underwriter.Wuhan Changjin will have 93.7 million shares in issue following the IPO.

SHA:688635

Asia101d ago

Wynn Macau's Adjusted Pre-Tax Earnings Rise in Q1

Wynn Macau's (HKG:1128) adjusted property pre-tax earnings rose to $279.4 million in the first quarter of 2026 from $252.1 million in the year-ago period, according to a Friday earnings disclosure to the Hong Kong bourse.Operating income increased to $145.3 million from about $127.1 million in the year-ago period.Wynn Resorts owns 72% of Wynn Macau, which operates the Wynn Palace and Wynn Macau resorts. The two resorts form Wynn Resorts' Macau operations.

HKG:1128

Asia101d ago

Core Lithium Completes Second Tranche of AU$120 Million Equity Raise; Shares Fall 3%

Core Lithium (ASX:CXO) has raised about AU$67 million before costs through the second tranche of its AU$120 million equity raising, issuing roughly 320 million new shares following shareholder approval to help fund development of its Finniss lithium project, according to a Friday Australian bourse filing.Total new funding received, net of costs, now amounts to around AU$157 million, per the filing.The company shareholders also approved tranche two of the $70 million convertible notes issued to Glencore and InfraVia, representing the deferred $44 million, with completion subject to Foreign Investment Review Board approval, the filing added.The company's shares fell 3% in recent Friday trade.

ASX:CXO

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