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SITC International Grants 12.6 Million Shares as Incentives

SITC International (HKG:1308) awarded over 12.6 million share awards to 711 participants of a 2024 incentive scheme, according to a Monday Hong Kong bourse filing.Of the total, 1.5 million and 100,000 respective awards were offered to Chairman Yang Xianxiang and Vice Chair Yang Xin, with the remaining grantees comprising various directors, employees, and related entity participants.Of the total award shares, nearly 1.1 million will be satisfied by shares currently held by a trustee, while 11.5 million will be satisfied by the issue of new shares, representing around 0.43% of the firm's issued share capital.Following the grant, the marine shipping services company will have 240.2 million shares available for future grant under the scheme mandate limit.

HKG:1308

Asia103d ago

Mahamaya Steel's Sales Climb in April

Mahamaya Steel Industries (NSE:MAHASTEEL, BOM:513554) reported sales of 21,467.96 metric tons in April, higher than 13,982.83 metric tons in March, according to a Monday filing on Indian bourses.

BOM:513554NSE:MAHASTEEL

Asia103d ago

FWD Grants 14.9 Million Restricted Shares to Group CEO, Employees as Incentives

FWD (HKG:1828) granted nearly 14.9 million restricted share units (RSUs) to Group CEO Huynh Thanh Phong and 377 employees, according to a Monday Hong Kong bourse filing.Of the total, there are 6.3 million RSUs and 8.5 million performance-based RSUs, or those subject to other vesting conditions.A total of 590,539 RSUs and nearly 1.5 million performance-based RSUs were offered to Huynh.The life insurer now has over 102.9 million shares available for future grant under incentive plan mandate limit and 36.9 million shares under the service provider sublimit.

HKG:1828

Asia103d ago

Aditya Birla Capital's Consolidated Profit Increases in Fiscal Q4

Aditya Birla Capital (NSE:ABCAPITAL, BOM:540691) reported an increase in its consolidated attributable profit to 11.3 billion Indian rupees in the fiscal fourth quarter ended March 31 against 8.65 billion rupees a year ago.Earnings per share climbed to 4.26 rupees compared with the year-ago figure of 3.29 rupees, according to a Monday filing to the Indian stock exchanges by the non-banking finance company.Revenue from operations in fiscal Q4 also increased to 134.6 billion rupees from 122.1 billion rupees a year earlier.Shares of the company were up nearly 1% in after-market hours.

BOM:540691NSE:ABCAPITAL

Asia103d ago

Maybank Research Upgrades Bursa Malaysia to Buy from Hold; Price Target is MYR9.50

KLSE:BURSA

Asia103d ago

ICICI Securities Downgrades Adani Power to Add from Buy; Price Target is INR233

BOM:533096NSE:ADANIPOWER

Asia103d ago

CGS International Adjusts Venture Corporation's Price Target to SG$21.78 from SG$17.04, Keeps at Buy

SGX:V03

Asia103d ago

Jyothy Labs' Net Profit Slides in Fiscal Q4

Jyothy Labs' (NSE:JYOTHYLAB, BOM:532926) net profit declined to 675.2 million Indian rupees in the fiscal fourth quarter ended March 31, from 770.0 million rupees a year ago.Earnings per share contracted to 1.84 rupees from 2.10 rupees a year earlier, the home care products company said in a filing to the Indian stock exchanges on Monday.Revenue from operations in fiscal Q4, however, increased to 7.17 billion rupees from 6.66 billion rupees a year ago.The company's board recommended a final dividend of 3.50 rupees per share for fiscal 2026 ended March 31, payable by July 14 to shareholders of record on June 29, the filing said.Shares of the company were up over 1% in after-market hours.

BOM:532926NSE:JYOTHYLAB

Asia103d ago

BOCOM International Buys Nordic Investment Bank's Bonds

BOCOM International (HKG:3329) unit Preferred Investment Management acquired $20 million of certain bonds for the same price on April 29, according to a Monday Hong Kong bourse filing.The 4.6% callable fixed-rate bonds maturing May 8, 2036, will be issued by Nordic Investment Bank on May 8 and listed on Nasdaq OMX Helsinki.The bonds were purchased for investment purposes.

HKG:3329

Asia104d ago

Indian Equities Gain on Monday on Election Trends, Earnings Support

Indian benchmark indices ended higher on Monday, supported by buying in heavyweight stocks, improving earnings outlook, and optimism around election trends.The BSE Sensex rose 355.90 points, or 0.5%, to close at 77,269.40, while the NSE Nifty 50 gained 121.75 points, or also 0.5%, to settle at 24,119.30.Sentiment improved as investors tracked early trends from Assembly Elections across key states of India. Expectations of political stability in the country and continuity in economic policies supported the market.Hopes of progress in U.S.-Iran peace talks also contributed to the positive tone of the markets. Iran has reportedly submitted a 14-point proposal to Pakistan to end the conflict with U.S. on all fronts.Among stocks, Bharat Heavy Electricals (NSE:BHEL, BOM:500103) surged 7% after reporting a sharp rise in consolidated profit to 12.9 billion rupees in Q4 from 5.04 billion rupees a year earlier, according to a Monday filing. Revenue from operations increased to 123.1 billion rupees from 89.9 billion rupees.HFCL (NSE:HFCL, BOM:500183) gained nearly 9% after the company and its subsidiary secured orders worth 842.3 million rupees for supply of optical fiber cables, according to a filing.Bajaj Auto (NSE:BAJAJ-AUTO, BOM:532977) rose over 1% after total vehicle sales jumped 40% year-on-year in April to 513,792 units, according to a Monday filing.

^BSENifty 50BOM:500103BOM:500183BOM:532977NSE:BAJAJ-AUTONSE:BHELNSE:HFCL

Asia104d ago

Acrometa Group Narrows Attributable Loss in Fiscal H1

Acrometa (SGX:43F) narrowed its attributable loss to owners by 5% during the fiscal first half ended March 31, according to a Monday filing with the Singapore Exchange.However, attributable loss remained largely unchanged at SG$1.7 million from a year earlier.Loss per share came in at SG$0.0042 compared with SG$0.0051 in the year-ago period.The engineering services company's revenue declined 13% year over year to SG$1.9 million from SG$2.2 million.

SGX:43F

Asia104d ago

Ev Dynamics Secures HK$2 Million to Settle Legal Obligation

Ev Dynamics (HKG:0476) will issue an additional 3.8 million shares to retail investor Ho Siu Kei, raising HK$1.98 million in net proceeds, according to a Monday Hong Kong bourse filing.The shares will be issued at HK$0.52 each and will account for roughly 1.18% of the electric vehicle service provider's enlarged share capital.Proceeds from the subscription will be used primarily to settle a court-ordered payment of 1.59 million yuan, plus accrued interest, owed by its Guangxi Weiri unit to the People's Court of Qingxiu District in Nanning. The remaining funds will go toward working capital.The company previously raised about HK$1.9 million in April through a separate share issuance to the same subscriber.

HKG:0476

Asia104d ago

Fositek Logs NT$917 Million in Q1 Profit

Fositek (TPE:6805) posted a profit attributable to owners of NT$917.3 million, or NT$13.38 per share, for the first quarter.The computer components manufacturer did not provide comparative year-ago figures.Operating revenue stood at NT$4.18 billion, according to a Monday filing with the Taiwan Stock Exchange.

TPE:6805

Asia104d ago

Pan Ocean Bags Long-term Cargo Transportation Contract from SK Innovation Subsidiaries

Pan Ocean (KRX:028670) secured a long-term cargo transportation contract from SK Innovation (KRX:096770) subsidiaries, SK Energy and SK Incheon Petrochem, according to a Monday filing with the Korea Exchange.The value of the contract, valid till April 28, 2030, remained undisclosed.Shares of Pan Ocean rose nearly 2% at market close.

KRX:028670KRX:096770

Asia104d ago

Thinkink Picturez CFO Resigns on Lack of Financial Data Access; Shares Up 5%

Thinkink Picturez (BOM:539310) Chief Financial Officer Kanhaiya Kumar Jha has resigned with effect from May 1, the company said in a same-day filing.Shares of the company rose 5% in Monday's trade.Jha cited challenges in obtaining complete and timely financial information required for oversight and reporting from the management as the reason for his resignation.

BOM:539310

Asia104d ago

Intraco Buys Back More Shares

Intraco (SGX:I06) bought back 100 shares in the open market on Monday for SG$38, or about SG$0.38 per share, according to a same-day filing with the Singapore Exchange.The plastics resin and other petrochemical products company has been authorized to repurchase 10.7 million shares under its current mandate and has so far bought back nearly 17,501 shares.

SGX:I06

Asia104d ago

Uniquest Wins KRW128.8 Billion HPC Server Equipment Contract

Uniquest (KRX:077500) secured a contract to supply high-performance computing (HPC) server equipment, according to a Monday filing with the Korea Exchange.The contract, valued at 128.8 billion won, is valid till July 15.Shares of the electronic components manufacturer jumped nearly 16% at market close.

KRX:077500

Asia104d ago

Wing Tai Consortium Wins Tender for Dunearn Road Site

Wing Tai (SGX:W05) subsidiary Winrich Investment and Metrobilt Construction were jointly awarded the tender by Singapore's Urban Redevelopment Authority for a leasehold land parcel located at Dunearn Road, according to a Monday filing with the Singapore Exchange.The site area is approximately 19,046 square meters and has a tender price of SG$533 million.Following the award, Winrich and Metrobilt will enter into a joint venture to develop the land for residential and commercial use, the filing stataed.

SGX:W05

Asia104d ago

ATVO Enterprises CFO Resigns; Shares Up 3%

ATVO Enterprises (BOM:532090) said its chief financial officer, Archit Patodi, has resigned, effective May 4, due to personal reasons, according to a Friday filing on BSE.Shares of the company rose over 3% in Monday's trade.The company is in the process of appointing a new CFO, the filing stated.

BOM:532090

Asia104d ago

Clearbridge Health's Financial Controller Steps Down

Clearbridge Health's (SGX:1H3) financial controller, Tan Wei Chee, has resigned from the role, effective May 18, according to a Monday filing with the Singapore Exchange.He has left to "pursue other career opportunities," the filing said.

SGX:1H3

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