Financial News · Live Terminal

Page 946 of 1205

Market Chatter: StanChart to Sell Kenya HQ in Space-Efficiency Drive

Standard Chartered (HKG:2888) placed on the market its head office in East Africa as part of a wider "space-efficiency program," a Monday report said.Bloomberg News reported, citing a company statement, that the lender affirmed its long-term strategy in Kenya despite the planned sale of the seven-story building in Nairobi.StanChart did not immediately respond to a request for comment from.(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:2888

Asia103d ago

Lee Kee Forecasts Turnaround to Full-Year Profit

Lee Kee Holdings (HKG:0637) expects an attributable profit of between HK$4.6 million and HK$6.9 million for the year ended March 31, compared with a loss of HK$36.1 million a year prior, according to a Tuesday Hong Kong bourse filing.The metal products trading company attributed the forecast to a boost in gross profit, robust supply chain management, and land resumption compensation.

HKG:0637

Asia103d ago

NACL Industries Narrows Consolidated Net Loss in Fiscal Q4; Shares Up 4%

NACL Industries (NSE:NACLIND, BOM:524709) narrowed its consolidated net loss to 8.6 million Indian rupees in the fiscal fourth quarter ended March 31 from a loss of 500 million rupees a year ago.Loss per share narrowed to 0.04 rupees from a loss per share of 2.31 rupees a year earlier, the agrochemical company said in a filing to the Indian stock exchanges.Revenue from operations in fiscal Q4 increased to 3.61 billion Indian rupees from 2.01 billion rupees a year ago.The company's shares were up nearly 4% at market close on Tuesday.

BOM:524709NSE:NACLIND

Asia103d ago

Beng Kuang Marine's Net Profit Slides 13% in Q1

Beng Kuan Marine's (SGX:BEZ) net profit fell 13% year on year to SG$2.8 million in the first quarter, according to a Tuesday filing with the Singapore Exchange.Revenue jumped 7.7% year over year to SG$25.7 million, with the floating production, storage, and offloading segment comprising a significant portion of the total revenue.

SGX:BEZ

Asia103d ago

Manappuram Finance Turns to Profit in Fiscal Q4

Manappuram Finance (NSE:MANAPPURAM, BOM:531213) posted a consolidated attributable net profit of 4.04 billion Indian rupees in the fiscal fourth quarter ended March 31 against a consolidated loss of 1.91 billion rupees a year ago.Earnings per share stood at 4.76 rupees compared with a loss per share of 2.40 rupees a year earlier, according to a filing to the stock exchanges on Monday by the financial services provider.Revenue from operations in fiscal Q4 increased year on year to 26.1 billion rupees from 23.6 billion rupees a year earlier.The company's board recommended an interim dividend of 0.50 rupees per share for the fiscal year ended March 31, which will be paid to shareholders on record as of May 11.

BOM:531213NSE:MANAPPURAM

Asia103d ago

ValueMax Group Issues Shares on Exercise of Warrants

ValueMax Group (SGX:T6I) allotted and issued over 193,800 shares on Tuesday pursuant to the exercise of the same number of warrants at an exercise price of SG$0.36 each, according to a same-day filing with the Singapore Exchange.Following the exercise, the company's share capital has increased to about 946.8 million shares, the filing said.

SGX:T6I

Asia103d ago

Malaysian Shares Extend Gains Ahead of Interest Rate Decision; Feytech's Shares Rise 6%

Malaysian shares ended in green on Tuesday, ahead of the interest rate decision later this week. The investor sentiment remained upbeat following the release of positive manufacturing data.Malaysia's manufacturing sector expanded at its fastest pace in four years in April, supported by stronger output and a return to growth in new orders, according to data released by S&P Global.The FTSE Bursa Malaysia KLCI gained 7.66 points to end 0.4% higher at 1,747.43. The day range was between 1,732.64 and 1,747.82.In local news, Malaysia's Health Ministry has formed a Special Task Force on Drug and Medical Device Safety to act as a central command unit to reinforce the country's supply resilience amid intensifying global supply disruptions, The Star reported. Health Minister Dr. Dzulkefly Ahmad said the system includes real-time monitoring and broader diversification of pharmaceutical procurement sources.In corporate news, Manforce Group (KLSE:MFGROUP) is scheduled to make its debut on Bursa Malaysia's ACE Market on Wednesday. The workforce solutions provider's enlarged issued share capital stands at 399.98 million units, with a total capital base of 51.7 million ringgit.Shares of Feytech (KLSE:FEYTECH) jumped over 6% on Tuesday's close after its unit Gosford Leather Industries bagged a deal to supply seat covers for Perusahaan Otomobil Nasional (Proton) for an upcoming modelMeanwhile, shares of Exsim Hospitality (KLSE:EXSIMHB) gained 3% on close after its subsidiary EXSIM Concepto accepted a letter of award from Epic Team Construction worth 2.08 million ringgit.

FTSE Bursa Malaysia KLCIKLSE:EXSIMHBKLSE:FEYTECHKLSE:MFGROUP

Asia103d ago

CSE Global's Q1 Order Intake Soars 75% to SG$271 Million

SINGAPORE (May 5) - Technology solutions provider CSE Global (SGX:544) saw its new order intake surge 75% year-on-year to SG$271.2 million in the first quarter of 2026, according to a Tuesday filing with the Singapore Exchange.The surge was spearheaded by the electrification segment, which secured SG$177.8 million in new contracts. The communications segment contributed SG$76.9 million, while the automation division added SG$16.4 million to the tally.Accordingly, the company's total order book grew to SG$716.0 million at the end of March.

SGX:544

Asia103d ago

Jardine Matheson Buys Back Shares

Jardine Matheson (SGX:J36) bought back 15,200 shares in the open market on Monday for a weighted average price of $68.65 apiece, according to a Tuesday filing with the Singapore Exchange.The repurchased shares will be canceled.

SGX:J36

Asia103d ago

PNE Industries Flags Fiscal H1 Loss

PNE Industries (SGX:BDA) is expecting to book a loss for the fiscal first half ended March 31, according to a Tuesday filing with the Singapore Exchange.The manufacturer and trader of emergency lighting equipment attributed this to lower sales during the period.

SGX:BDA

Asia103d ago

Force Motors' Total Sales Decline 4% in April

Force Motors' (NSE:FORCEMOT, BOM:500033) total vehicle sales declined 4.3% to 3,113 units in April from 3,255 units a year ago, according to an Indian bourse filing on Tuesday.The units sold included small commercial vehicles, light commercial vehicles, utility vehicles, and sports utility vehicles, the filing stated.Domestic sales in the reported month fell 4.9% year on year to 3,053 units, while exports rose 33.3% to 60 units.Shares of the company were down over 2% in recent trade.

BOM:500033NSE:FORCEMOT

Asia103d ago

Venture Corp. Q1 Net Profit Crosses SG$56 Million on Tech Demand Surge

Venture Corp.'s (SGX:V03) net profit margin climbed 9% during the first quarter of the year, with the provider of technology services reporting a net profit of SG$56.3 million during the period, according to a Tuesday filing with the Singapore Exchange.Earnings per share rose by 0.9% on year during the first quarter to SG$0.195 compared with a year earlier.Revenue rose 1.9% year over year to SG$628.5 million, backed by strong demand across the technology segment.

SGX:V03

Asia103d ago

Mobicon Group Unit Acquires Johannesburg Residential Property

Mobicon Group (HKG:1213) unit MBM Properties (Proprietary) acquired a residential property in Johannesburg for nearly 8.3 million South African rand, according to a Tuesday Hong Kong bourse filing.The privately held residential property has not generated any income since its acquisition by the vendors in 2014.Seller Manuel Arnaldo de Sousa Moutinho is a member of the firm's senior management, holds a 39% stake in unit Mobicon-Mantech, and is a director of five of the company's subsidiaries.The other vendor, Anabela Diogo, is his wife, according to the electronic component distributor.

HKG:1213

Asia103d ago

Pacific Radiance Allots, Issues Over 4 Million Shares Upon Exercise of Warrants

Pacific Radiance (SGX:RXS) allotted and issued over 4.1 million shares pursuant to the exercise of warrants, according to an after-market filing with the Singapore Exchange on Tuesday.Following the allotment and issuance of the new shares, the offshore marine services company's share capital has increased to 1.46 billion shares, excluding treasury shares.The new shares will be listed and quoted on May 7.

SGX:RXS

Asia103d ago

Marico's Consolidated Net Profit in Fiscal Q4; Shares Up 3%

Marico's (NSE:MARICO, BOM:531642) consolidated net profit rose to 3.91 billion Indian rupees in the fiscal fourth quarter ended March 31, from 3.43 billion rupees a year ago.Earnings per share came in at 3.03 rupees from 2.65 rupees a year earlier, the fast-moving consumer goods company said in a filing to the Indian stock exchanges on Tuesday.Revenue from operations in fiscal Q4 also increased to 33.3 billion rupees from 27.3 billion rupees a year ago.Marico's board recommended final equity dividend of 4 rupees per equity share of 1 rupee each, to be paid by Sept. 5.The company's shares were up nearly 3% in recent trade.

BOM:531642NSE:MARICO

Asia103d ago

Singapore Stocks Edge Down as Middle East Tensions Offset Upbeat Retail Data

Singapore shares incurred losses on Tuesday, mirroring regional losses as investors responded negatively to the possibility of the US and Iran returning to hostilities amid a fragile ceasefire.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,891.83 and 4,920.61 throughout the day. It ended the session at 4,920.61, down 3.70 points or 0.1% compared to Monday's close.In economic news, Singapore's total retail sales rose 4.8% year on year in March, following the 8.3% growth in the preceding month, according to data released by the Department of Statistics Singapore.On the corporate front, shares of UltraGreen.ai (SGX:ULG) dropped over 7% at the close as its total vial shipment fell 8.7% during the first quarter of the year to 280,900 vials from 307,600 vials a year earlier.Overseas-Chinese Banking Corp. or OCBC (SGX:O39) were hardly moved at the close, as it agreed to acquire the retail and wealth management business of HSBC's (HKG:0005) Indonesian arm.Meanwhile, shares of United Overseas Insurance (SGX:U13) were down under 1% as its insurance revenue dropped to SG$24.9 million in the first quarter of the year from SG$27.3 million a year earlier.

^STISGX:O39SGX:U13SGX:ULG

Asia103d ago

Supra Pacific Financial Services Names CEO, Approves INR200 Million Debt Issue

Supra Pacific Financial Services (BOM:540168) said its board has appointed Manoj Ravi as chief executive officer, according to a Monday filing on BSE.Shares of the company rose nearly 1% in Tuesday's trade.The board also approved the issuance of 200,000 non-convertible debentures aggregating to 200 million rupees on a private placement basis, the filing stated.The debt securities will have tenures ranging from 24 to 70 months.

BOM:540168

Asia103d ago

Manforce to Debut on ACE Market of Bursa Malaysia

Manforce Group (KLSE:MFGROUP) is scheduled to make its debut on Bursa Malaysia's ACE Market on May 6, Wednesday, according to a Tuesday Malaysian bourse filing.The workforce solutions provider's enlarged issued share capital stands at 399.98 million units, with a total capital base of 51.7 million ringgit.The company's stock will trade under the code 0450, name MFGROUP, and the Consumer Products & Services sector, the filing said.

KLSE:MFGROUP

Asia103d ago

Shanthi Gears' Consolidated Profit Declines in Fiscal Q4; Shares Down 4%

Shanthi Gears' (NSE:SHANTIGEAR, BOM:522034) consolidated profit after tax declined to 162.7 million Indian rupees in the fiscal fourth quarter ended March 31, from 224.6 million rupees a year ago.Earnings per share contracted to 2.12 million rupees from 2.93 million rupees a year earlier, the gears manufacturer said in a filing to the Indian stock exchanges on Tuesday.Revenue from operations in fiscal Q4 also fell to 1.35 billion rupees from 1.53 billion rupees a year ago.The company's board recommended a final dividend of 2 rupees per equity share of 1 rupee each for the financial year ended March 31.The company's shares were down over 4% in recent trade.

BOM:522034NSE:SHANTIGEAR

Asia103d ago

Market Chatter: TSMC Revives Plan for Advanced Fab at Taiwan's Hsinchu Science Park

Taiwan Semiconductor Manufacturing (TPE:2330) is seeking government approval for an advanced fab in Hsinchu Science Park several years after the company shelved a similar plan, Focus Taiwan reported Monday.A TSMC wafer factory is part of a proposal for the third phase of the Longtan Science Park that will be submitted later this month to Taiwan's National Science and Technology Council for review, the park bureau reportedly told the news outlet in a written reply.In 2023, the company abandoned a plan to build a fab at the Longtan campus due to strong local opposition, 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.)

TPE:2330

Showing 18901-18920 of 24090