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SAIC Motor Reports Double-Digit Slides in April Sales, Production

SAIC Motor's (SHA:600104) total sales declined 13% to 328,841 units in April from 376,517 units in the year-ago period, according to a Wednesday filing with the Shanghai Stock Exchange.The carmaker's production fell 14% to 345,805 units from 403,176 units in the prior-year period.Shares slipped 1% during late-morning trading on Wednesday.

SHA:600104

Asia102d ago

GPT Group Reports Nearly 98% Investment Portfolio Average Occupancy in March Quarter

GPT Group (ASX:GPT) reported group investment portfolio average occupancy of about 98%, and a weighted average lease expiry (WALE) of 4.5 years for the quarter ended March 31, according to a Wednesday filing with the Australian bourse.Retail investment portfolio occupancy was close to 100%, with a WALE of 3.8 years, while total center sales were up 4.2%, and total specialty sales increased 3.9% on the previous corresponding period, the filing said.The company reaffirmed its fiscal 2026 guidance of funds from operations of about AU$0.354 per security and distribution of AU$0.245 per security, per the filing.

ASX:GPT

Asia102d ago

BAIC BluePark's Sales Rise 71% in April

BAIC BluePark New Energy Technology's (SHA:600733) sales jumped 71% to 17,658 units in April from 10,327 units in the year-ago period, according to a Wednesday filing with the Shanghai Stock Exchange.Conversely, production slid 34% to 8,938 units from 13,484 units a year earlier.

SHA:600733

Asia102d ago

Seres' Total Sales, Output Fall in April

Seres' (SHA:601127) total sales slipped 0.8% year over year to 35,461 units in April, according to a Wednesday disclosure to the Shanghai Stock Exchange.Output fell 4.2% to 37,167 units.Shares declined 1% during morning trading on Wednesday.

SHA:601127

Asia102d ago

AGL Energy Narrows Fiscal 2026 Underlying EBITDA Guidance

AGL Energy (ASX:AGL) said its fiscal 2026 guidance for underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) is now between AU$2.06 billion and AU$2.18 billion, from between AU$2.02 billion and AU$2.18 billion previously, according to a Wednesday Australian bourse filing.The company's guidance range for underlying net profit after tax is now between AU$610 million and AU$680 million, from between AU$580 million and AU$680 million previously.The updated guidance reflects the improved plant availability, stabilization of consumer margins, and disciplined cost management, per the filing.Fiscal 2027 guidance is expected to reflect the contribution from the Liddell battery, ongoing cost optimization, lower wholesale prices in some locations, and potential softer local and global market conditions for the year.The company said it is well placed for at least the next three months amid the ongoing global fuel crisis, with current diesel storage near capacity for the generation assets.AGL Energy's shares rose nearly 1% in recent trading on Wednesday.

ASX:AGL

Asia102d ago

China Service Sector Expands Faster in April, RatingDog Says

China's service sector expanded faster in April as the country's service companies saw heightened activity and new business.The RatingDog China General Services Business Activity Index accelerated to 52.6 in April from 52.1 in March, according to data released Wednesday.The faster expansion came as new business grew, with new orders increasing for the 40th straight month, according to RatingDog.Outstanding workloads also grew during the month, while average input prices also increased in line with rising fuel prices.Service demand was strongest in the domestic markets, with new export business falling for the second straight month.The Composite Output Index also grew to 53.1 in April from 51.5 in March, the second-fastest since May 2024, according to RatingDog.

Shanghai Composite^SZSE

Asia102d ago

Market Chatter: Yuan Payments Surge as Iran, Russia Ditch Dollar for Oil Trade

Yuan-based trade settlements surged 50% in March on China's Cross-border Interbank Payment System to 1.46 trillion yuan, triple the 2021 levels, Nikkei Asia reported Monday.With Iran tolling Hormuz tankers in yuan and crypto, and Russia locked out of SWIFT, demand for China's currency is soaring, according to the report. Saudi Arabia also now settles 41% of oil deals in yuan.However, the yuan's global share as settlement currency is just 3% versus the U.S. dollar's 51%, Nikkei Asia wrote.(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^SZSE

Asia102d ago

Neosem Unit Wins KRW8.5 Billion Semiconductor Inspection Equipment Contract; Shares Jump 6%

Neosem (KOSDAQ:253590) subsidiary Neosem Technology secured a contract for the development and sales of semiconductor inspection equipment from an undisclosed client, according to a Wednesday filing with the Korea Exchange.The contract, valued at 8.53 billion won, is valid till Aug. 31, the filing said.Shares of Neosem jumped over 6% in recent trade.

KOSDAQ:253590

Asia102d ago

Update: DigiCo Infrastructure REIT Agrees to Sell Chicago Facility for $750 Million; Shares Up 22%

(Updates to add stock movement in the headline and last paragraph)DigiCo Infrastructure REIT (ASX:DGT) agreed to sell its Chicago facility for $750 million to a third-party North American fund manager, according to a Wednesday filing with the Australian bourse.The sale, expected to reach financial close in the first quarter of fiscal year 2027, is anticipated to release net cash proceeds of AU$360 million post repayment of asset-level debt and increase available liquidity to AU$900 million, the filing said.The company maintained its fiscal year 2026 underlying earnings before interest, taxes, depreciation, and amortization guidance of AU$125 million, per the filing.The company's shares jumped around 22% in recent Wednesday trade.

ASX:DGT

Asia102d ago

BWP Trust Launches AU$228 Million Security Entitlement Offer

BWP Trust (ASX:BWP) launched a fully underwritten pro rata entitlement offer to generate about AU$228 million, according to a Wednesday filing with the Australian bourse.The offer entitles eligible security holders to subscribe for one new security for every 12 existing BWP securities held as of the May 8 record date at a price of AU$3.77 per security.Wesfarmers (ASX:WES), which is BWP's largest security holder with a 23.4% stake, will take up its full entitlement with a commitment of about AU$53 million, per the filing.BWP Trust said proceeds from offer facilitate future capital deployment opportunities including the funding of commitments.

ASX:BWP

Asia102d ago

SRF's Consolidated Net Profit Climbs in Fiscal Q4

SRF's (NSE:SRF, BOM:503806) consolidated net profit rose to 5.82 billion Indian rupees in the fiscal fourth quarter ended March 31, from 5.26 billion rupees a year ago.Earnings per share came in at 19.63 rupees from 17.75 rupees a year earlier, the chemicals manufacturer said in a filing to the Indian stock exchanges on Tuesday. The EPS was lower than the 20.74 rupees estimated by the analysts polled by Visible Alpha.Revenue from operations in fiscal Q4 increased to 46.2 billion rupees from 43.1 billion rupees a year ago.

BOM:503806NSE:SRF

Asia102d ago

Resolution Minerals Reports High Grade of Antimony Recoveries on Idaho Project Samples

Resolution Minerals (ASX:RML) reported high rates of antimony recoveries in sulfides during concentrate test work on samples from the Antimony Ridge project in Idaho, according to a Wednesday filing with the Australian bourse.The high sulfide recoveries were achieved from lower grade samples containing about 10% antimony, suggesting potential to capture stibnite, even if high-grade ore is diluted by surrounding waste during extraction, the filing said.Further concentration stages are underway in test work on samples from the project, per the filing.Shares fell nearly 2% in midday trade Wednesday.

ASX:RML

Asia102d ago

Korea Exchange Halts Kospi Trading for Five Minutes After Buying Surges on Iran Conflict De-escalation Hopes

The Korea Exchange activated a five-minute buy-side sidecar on the country's primary stock market on Wednesday morning as investors rushed to purchase securities on hopes that the U.S.-Iran conflict may end in the near future.The Korea Exchange announced the order at 9:06 am after the KOSPI200 Futures added 66.05 points, or 6.28%, to trade at 1,116.55.A buy-side sidecar is activated when the KOSPI200 Futures index gains 5% or more for at least one minute.

KOSPI

Asia102d ago

Pangrim to Retire KRW23.9 Billion Worth of Treasury Shares

Pangrim (KRX:003610) plans to retire about 4.09 million treasury shares, valued at 23.9 billion won, according to a Wednesday filing with the Korea Exchange.The shares will be retired on May 20 at a par value of 500 won apiece.Shares of the textile manufacturer fell more than 2% in recent trade.

KRX:003610

Asia102d ago

Great Eastern's Q1 Profit Steady as Sales Surge 16%

Great Eastern's (SGX:G07) profit attributable to shareholders remained relatively unchanged during the first quarter of the year from a year earlier, according to a Wednesday filing with the Singapore Exchange.The attributable profit came in at SG$346.3 million, versus SG$345.5 million in the year-ago period.Total weighted new sales surged 16% year over year to SG$401.9 million in the three months ended March 31, from SG$345.1 million, backed by sustained momentum from Singapore operations.

SGX:G07

Asia102d ago

Metallium Secures Contracts Covering Half of Stage One Throughput Target

Metallium (ASX:MTM) secured contracts covering 50% of its first-stage throughput target of 8,000 tonnes per year of printed circuit board feedstock for US operations, according to a Wednesday filing with the Australian bourse.The company is targeting a contracted base of roughly 70% of the first-stage target, while retaining about 30% exposure to spot market procurement, the filing said.Meanwhile, commissioning at the company's Texas Technology Campus is currently underway, per the filing.Metallium shares fell 1% in midday trade on Wednesday.

ASX:MTM

Asia102d ago

Celltrion to Retire KRW100 Billion Worth of Treasury Shares

South Korean biopharmaceutical company Celltrion (KRX:068270) plans to retire 488,983 treasury shares, valued at 100 billion won, according to a Wednesday filing with the Korea Exchange.The shares will be retired on May 21 at a par value of 1,000 won apiece.

KRX:068270

Asia102d ago

AP Oil International Buys Back Shares

AP Oil International (SGX:5AU) bought back 1,700 shares in the open market on Tuesday for SG$277 or SG$0.137 apiece, according to a Wednesday filing with the Singapore Exchange.The manufacturer and seller of lubricant oil has been authorized to buy back 16.5 million shares under its existing mandate.

SGX:5AU

Asia102d ago

Larsen & Toubro's Consolidated Net Profit Declines in Fiscal Q4

Larsen & Toubro's (NSE:LT, BOM:500510) consolidated attributable net profit declined to 53.3 billion Indian rupees in the fiscal fourth quarter ended March 31, from 55.0 billion rupees a year ago.Earnings per share contracted to 38.70 rupees from 39.95 rupees a year earlier, the engineering and infrastructure giant said in a filing to the Indian bourses on Tuesday. The figure missed the 41.58 rupees estimated by the analysts polled by Visible Alpha.Revenue from operations in fiscal Q4, however, increased to 827.6 billion rupees from 743.9 billion rupees a year ago. This was lower than Visible Alpha's estimate of 868.2 billion rupees.The company's board recommended a final dividend of 38 rupees per share of the face value of 2 rupees each for the financial year ended March 31. It has fixed May 22 as the record date to determine the eligible shareholders for the dividend.

BOM:500510NSE:LT

Asia102d ago

Megaport Launches New Capability for Filtering Malicious Network Traffic; Shares Up 3%

Megaport (ASX:MP1) launched Megaport Distributed Denial of Service (DDoS) Protection designed for filtering malicious traffic directly within the Megaport network, according to a Wednesday statement from company.The new feature integrates real-time traffic filtering into the company's internet service to reduce latency, avoid external scrubbing, and maintain uptime during attacks, the company said.In addition, the new capability enables self-service deployment in under a minute, applying protection at the internet protocol and host level so only harmful traffic is blocked.It also offers simplified, capacity-based pricing and automated protection profiles that help distinguish attacks from legitimate traffic surges, the company said.The company's shares rose around 3% in recent Wednesday trade.

ASX:MP1

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