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Nomura Adjusts Jindal Steel & Power's Price Target to INR1,350 From INR1,280, Keeps at Buy

Jindal Steel & Power (NSE:JINDALSTEL, BOM:532286) has an average rating of overweight and mean price target of 1,270.34 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:532286NSE:JINDALSTEL

Asia103d ago

Nomura Adjusts PTT Exploration & Production's Price Target to THB179 From THB145, Keeps at Buy

PTT Exploration & Production (BKK:PTTEP) has an average rating of overweight and mean price target of 166.69 baht, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BKK:PTTEP

Asia103d ago

CK Hutchison Cashes in on VodafoneThree Stake

CK Hutchison Holdings (HKG:0001) has agreed to dispose of its 49% stake in VodafoneThree to joint venture partner Vodafone, according to a Hong Kong bourse filing Tuesday.The firm is selling the stake for HK$45.5 billion to "monetize its investment at an attractive valuation."CK Hutchison expects to recognize a gain of around HK$4.7 billion from its stake sale in the mobile network operator, which services over 28 million customers in the U.K.

HKG:0001

Asia103d ago

Alligator Energy Completes First Well Pattern at South Australia Field Trial

Alligator Energy (ASX:AGE) completed the first well pattern at its Samphire uranium project field recovery trial, marking a key step in demonstrating in-situ recovery performance under real field conditions, according to a Tuesday Australian bourse filing.The results met or exceeded the scoping study assumptions, confirming the strong technical viability of uranium recovery from the Samphire paleochannel system, per the filing.Key outcomes included strong permeability and fluid connectivity, around 70% uranium recovery within about 70 pore volumes, wellfield flow rates exceeding 5 liters per second, efficient reagent use within international benchmarks, and solution grades averaging 115 milligrams per liter of triuranium octoxide, the filing said.Groundwater chemistry and salinity had no negative impact, wellfield control remained stable, and ion exchange and elution performed successfully, confirming downstream processing viability.The company will initiate a second well pattern targeting lower-grade, less permeable zones to further assess recovery variability and refine future wellfield design, with results expected in the third quarter, the filing added.The company's shares rose 2% in recent Tuesday trade.

ASX:AGE

Asia103d ago

The Trendlines Drug Secures US FDA Nod for Phase 2 Bladder Treatment Trial; Shares Surge 5%

The Trendlines (SGX:42T) subsidiary, Vensica Medical, received approval from the U.S. Food and Drug Administration (FDA) to initiate Phase 2 clinical trials for its VixE drug delivery system, according to a Monday filing with the Singapore Exchange.Shares of the medical and other services company were up nearly 5% in Tuesday trading.The needle-free delivery system is being developed for the treatment of overactive bladder, with the phase 2 study expected to conduct trials across around 210 patients in the U.S. and Europe.

SGX:42T

Asia103d ago

CSB Bank Posts Higher Fiscal Q4 Net Profit

CSB Bank (NSE:CSBBANK, BOM:542867) recorded an increase in its net profit to 2.02 billion Indian rupees in the fiscal fourth quarter against 1.90 billion rupees a year ago, according to a Monday filing to the stock exchanges.Shares of the bank fell nearly 2% in Tuesday's trade.Earnings per share during the quarter ended March 31 climbed to 11.62 rupees from 10.98 rupees a year earlier.Interest earned by the lender in fiscal Q4 also increased year on year to 12.0 billion rupees from 9.81 billion rupees, the filing said.

BOM:542867NSE:CSBBANK

Asia103d ago

Mahindra Holidays & Resorts India Names CFO

Mahindra Holidays & Resorts India (NSE:MHRIL, BOM:533088) has appointed Rajiv Vimal as the chief financial officer and key managerial personnel of the company with effect from July 1, according to a Tuesday filing to the Indian stock exchanges.He takes over from Vimal Agarwal, who will resign as chief financial officer and key managerial personnel of the company, with effect from June 30, to transition to a new role within the Mahindra Group.The company's shares were down nearly 1% in recent trade.

BOM:533088NSE:MHRIL

Asia103d ago

Jefferies Adjusts Cholamandalam Investment and Finance's Price Target to INR1,960 From INR2,040, Keeps at Buy

Cholamandalam Investment and Finance (NSE:CHOLAFIN, BOM:511243) has an average rating of overweight and mean price target of 1,811.95 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:511243NSE:CHOLAFIN

Asia103d ago

Jefferies Adjusts Hyundai Motor India's Price Target to INR1,600 from INR1,900, Keeps at Underperform

Hyundai Motor India (NSE:HYUNDAI, BOM:544274) has an average rating of overweight and mean price target of 2,247.41 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:544274NSE:HYUNDAI

Asia103d ago

Jefferies Adjusts Beijing Oriental Yuhong Waterproof Technology's Price Target to 19.02 Yuan From 15.28 Yuan, Keeps at Buy

Beijing Oriental Yuhong Waterproof Technology (SHE:002271) has an average rating of buy and mean price target of 20.72 yuan, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

SHE:002271

Asia103d ago

Jefferies Adjusts Godrej Properties' Price Target to INR2,475 From INR2,420, Keeps at Buy

Godrej Properties (NSE:GODREJPROP, BOM:533150) has an average rating of overweight and mean price target of 2,295.61 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:533150NSE:GODREJPROP

Asia103d ago

Jefferies Adjusts Central Depository Services (India)'s Price Target to INR1,150 From INR1,310, Keeps at Hold

Central Depository Services (India) (NSE:CDSL) has an average rating of overweight and mean price target of 1,330.79 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

NSE:CDSL

Asia103d ago

St George Mining's Diamond Drilling at Brazil Rare Earths-Niobium Project Continues to Expand Mineralization; Shares Down 3%

St George Mining (ASX:SGQ) said assays for a further 13 diamond drill holes at the Araxa project in Brazil continued to expand the mineralization at the project, according to a Tuesday Australian bourse filing.The company encountered intercepts of 43 meters at 8% grade of total rare earth oxides and 0.7% grade of niobium pentoxide from surface, as well as 43 meters at 8% grade of total rare earth oxides and 0.7% grade of niobium pentoxide from surface, per the filing. The highest grades were over 25% of total rare earth oxides in AXDD103 and 3.3% of niobium pentoxide.The company completed 13,700 meters of drilling in the current drill campaign.Its shares fell nearly 3% in recent trading on Tuesday.

ASX:SGQ

Asia103d ago

Navigator Global Investments Secures AU$134 Million Through Institutional Entitlement Offer; Shares Up 8%

Navigator Global Investments (ASX:NGI) has secured around AU$134 million following the completion of the institutional component of its fully underwritten AU$145 million one-for-8.13 accelerated non-renounceable entitlement offer at AU$2.40 per share, according to a Tuesday Australian bourse filing.The institutional offering closed on Tuesday with strong participation from eligible institutional shareholders, and any remaining shares were fully allocated among other eligible institutional investors, per the filing.New shares from the institutional offering are expected to start trading on May 12 on an ex-entitlement basis and will rank equally with the existing shares, the filing said.The fully underwritten retail component is expected to raise an additional AU$11 million and is scheduled to open on May 11, the filing added.The company's shares rose 8% in recent Tuesday trade.

ASX:NGI

Asia103d ago

United Overseas Insurance's Insurance Revenue Slips in Q1

United Overseas Insurance's (SGX:U13) insurance revenue dropped to SG$24.9 million in the first quarter of the year from SG$27.3 million a year earlier, according to a Monday filing with the Singapore Exchange.Shares of the insurance services provider were down under 1% in late Tuesday morning trading.Total comprehensive income also fell to SG$5.1 million from SG$12.6 million, while non-underwriting income slipped year on year to SG$100,000 from SG$3.7 million.Meanwhile, net insurance service and financial results came in at SG$4.4 million, compared with SG$4.1 million in Q1 2025.

SGX:U13

Asia103d ago

Astral Resources Says Diamond Drilling Underway at Western Australia Gold Project

Astral Resources (ASX:AAR) said diamond drilling was underway at its Mandilla gold project in Western Australia, targeting depth extensions up to 200 meters below the base of the current mineral resource limits at the Theia deposit, according to a Tuesday Australian bourse filing.Two holes of a six-hole, 3,000-meter diamond drilling program were completed. Both holes were extended beyond target depth, encountering quartz veining and visible gold up to 360 meters below the base of the existing Theie open pit shell.It purchased the 21-hectare Mandilla Homestead freehold land, adjacent to the proposed project development, for a total consideration of AU$850,000. Settlement is scheduled to occur on or around Aug. 10.It received assays of nine meters at 4.38 grams-per-tonne grade of gold from 108 meters, as well as four meters at 8.31 g/t grade of gold from 97 meters from drilling at the 5B deposit within the Spargoville gold project, also in Western Australia.

ASX:AAR

Asia103d ago

HSBC's Pre-Tax Profit Edges Lower in Q1

HSBC (HKG:0005) posted pre-tax profit of $9.38 billion for the first quarter, down from $9.48 billion a year earlier, according to a Tuesday Hong Kong bourse filing.Profit attributable to ordinary shareholders edged higher to $6.94 billion from $6.93 billion a year ago, while the lender's earnings per share came in at $0.40, up from $0.39.Net interest income rose to $8.95 billion from $8.30 billion in the prior-year period.The board declared a first interim dividend of $0.10 per share for 2026, payable on June 26 to shareholders on record as of May 15.HSBC said it now expects banking net interest income of around $46 billion in 2026, up from prior guidance of at least $45 billion.It added that downside stress scenarios, including impacts from the Middle East conflict, could result in a mid- to high-single-digit percentage hit to profit before tax and potentially bring RoTE below its 17% target if unmitigated.

HKG:0005

Asia103d ago

ASX Says Total New Capital Quoted Soared in April

ASX (ASX:ASX) said that total new capital quoted in April was AU$7.1 billion, compared with AU$2.14 billion a year ago, according to a Tuesday Australian bourse filing.The total quoted market capitalization of entities de-listed was AU$4.44 billion, increasing 44% from AU$286 million a year ago.The average daily number of trades of 2.8 million in April was up 16% from 2.4 million in the prior year, per the filing. The average daily value traded on-market of AU$7.52 billion was up 1% from AU$7.47 billion in the year-ago period.

ASX:ASX

Asia103d ago

Ore Resources Starts Exploration Activities at Western Australia Lithium Project

Ore Resources (ASX:OR3) started exploration activities at its fully owned Coolgardie lithium projects in Western Australia, according to a Tuesday filing with the Australian bourse.The company has launched a 3,000-meter reverse circulation drilling program at the Kangaroo Hills lithium project to test extensions of an emerging mineralized system, with results expected in June.The drilling will also test strike extensions at the Big Red pegmatite discovery, which extends over 900 meters in strike length, and target the 250-meter-long Potoroo mineralized pegmatite, per the filing.Ore Resources said it is "well funded and strongly positioned" to progress exploration at Coolgardie and other projects over the year, with a cash balance of AU$9.6 million as of March 31.The company's shares gained 4% in recent Tuesday trade.

ASX:OR3

Asia103d ago

Keppel to Divest 39% Stake in Merlimau Cogen Plant to Keppel Infrastructure Trust for SG$128 Million

Keppel (SGX:BN4) has agreed to divest its 39% indirect stake in Keppel Merlimau Cogen to Keppel Infrastructure Trust (SGX:A7RU) for about SG$128.1 million, according to a Monday filing with the Singapore Exchange.Shares of the infrastructure company were up nearly 1% in Tuesday trading.Keppel Merlimau Cogen owns the Keppel Merlimau Cogen Plant on Jurong Island, which has a licensed generation capacity of around 1,300 megawatts.The transaction, executed via Keppel's subsidiary KCIF Investments, involves the transfer of one share in Kindle Energy and outstanding shareholder loans to the trust.Keppel Infrastructure Trust currently holds a 51% stake in Keppel Merlimau Cogen.

SGX:A7RUSGX:BN4

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