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Spring Airlines' Attributable Profit Jumps 45% in Q1

Spring Airlines' (SHA:601021) attributable profit rose 45% to 982.8 million yuan in the first quarter from 677.1 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.Earnings per share at the airline increased to 1.02 yuan from 0.69 yuan in the prior-year period.Operating revenue grew 14% year over year to 6.07 billion yuan from 5.32 billion yuan.

SHA:601021

Asia106d ago

Zhongtai Securities' Attributable Profit Jumps 27% in Q1

Zhongtai Securities' (SHA:600918) attributable profit rose 27% to 469 million yuan in the first quarter from 369.9 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.Earnings per share at the brokerage stayed flat at 0.05 yuan.Operating revenue grew 25% year over year to 3.11 billion yuan from 2.54 billion yuan.

SHA:600918

Asia106d ago

Update: Market Chatter: Virgin Australia Likely to Extend Flight Reductions Into Q3, Says Bloomberg

(Updates to add Virgin Australia's comment in the third and fourth paragraphs and an updated share move in the fifth paragraph)Virgin Australia (ASX:VGN) is likely to extend flight cuts into the third quarter as fuel costs continue to soar higher amid the Iran war, said Bloomberg in a Friday report, citing a person familiar with the matter.The report said that Virgin may also hike fares to offset fuel costs, but no final decisions have been made yet.Virgin Australia, in response to' email request for comment, quoted its April 15 Australian bourse disclosure that said its fiscal year 2027 settings, including capacity, are under review."The Group continues to monitor the external environment and retains flexibility to take further actions if required," the company said in the April 15 filing.The company's shares rose 1% in recent Friday trade.(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.)

ASX:VGN

Asia106d ago

Botanix Pharmaceuticals' Q3 Results Beat Estimates, Says Euroz Hartleys

Botanix Pharmaceuticals (ASX:BOT) fiscal third quarter results beat Euroz Hartleys' estimates with the fifth consecutive quarter of prescription growth, according to a Thursday Euroz Hartleys note.Total prescriptions increased 5% quarter-on-quarter to 26,684, slightly above Euroz Hartleys' estimates of 26,500. and gross-to-net yield declined quarter-on-quarter from 24% to 18%, in line with the research firm's expectations.The company's current AU$60 million enterprise value does not fully reflect the AU$34.5 million of inventory held on the balance sheet, the research firm added.The research firm believes that Botanix's Sofdra has the makings of a category leader in hyperhidrosis, a dermatology condition, and added that consistent prescription growth alone, or the addition of a new product to its platform, can potentially re-rate the stock "materially higher."Euroz Hartkeys has a buy rating on Botanix Pharmaceuticals with a price target of AU$0.25.

ASX:BOT

Asia106d ago

Hongfa Technology's Attributable Profit Jumps 18% in Q1

Hongfa Technology's (SHA:600885) attributable profit rose 18% to 484.3 million yuan in the first quarter from 411.1 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.Earnings per share at the electrical equipment manufacturer increased to 0.3129 yuan from 0.2808 yuan, after adjustments, in the prior-year period.Operating revenue grew 28% year over year to 5.11 billion yuan from 3.98 billion yuan.

SHA:600885

Asia106d ago

ENN Natural Gas' Q1 Profit Slides 33%

ENN Natural Gas' (SHA:600803) attributable profit fell 33% to 655 million yuan in the first quarter from 976.4 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.Earnings per share at the gas engineering company decreased 34% to 0.21 yuan from 0.32 yuan in the prior-year period.Operating revenue declined 7.7% year over year to 31.1 billion yuan from 33.7 billion yuan.

SHA:600803

Asia106d ago

Coles Group Fiscal Q3 Results 'Solid,' Disappointment in Liquor Not Overly Material, Jarden Says

Coles Group (ASX:COL) delivered overall "solid" results for the fiscal third quarter as its own-brand sales in the food segment continued to outperform, Jarden said in a Friday note.Supermarket sales increased 4% year over year to about AU$9.8 billion, in line with Jarden's estimates, and are also off to a strong start in the fiscal fourth quarter.However, liquor sales of AU$781 million were down nearly 4% from the prior year and 2% below Jarden's estimate, showing "little sign of any benefit of the re-badge coming through," the equity research firm said.It added that the disappointment in liquor was not unexpected and is not too material.Coles Group flagged earnings pressure in the liquor segment for the fiscal second half, but the company continues to execute well, Jarden said, adding that it expects very modest downgrades to consensus forecasts.Jarden maintained an overweight rating on the company with a target price of AU$21.60.

ASX:COL

Asia106d ago

Brambles to Face Temporary Cost Pressure From Higher Fuel Expenses, Jefferies Says

Brambles (ASX:BXB) is expected to see a modest near-term earnings headwind from rising transport and diesel costs, though impacts should be temporary and largely offset over time, Jefferies said in a Thursday note.Jefferies noted that the company's exposure to Middle East operations remains minimal, with CHEP's activity in Saudi Arabia and the United Arab Emirates accounting for fewer than 600,000 pallet issues annually, and it sees no material disruption to pallet flows from regional geopolitical tensions.The equity research firm said elevated transport costs in North America are pressuring the company's margins in the near term due to higher fuel costs and a lag in passing them through, despite fuel recovery mechanisms in many contracts.The research firm highlighted that planned overhead savings could be brought forward to ease fiscal second-half cost pressures, while lower diesel prices later may offset any cost timing shifts into fiscal year 2027, leading the market to likely overlook these fluctuations.The research firm added that despite near-term dynamics, the company's guidance remained unchanged, with expected revenue growth of 3% to 4%, earnings before interest and taxes growth of 8% to 11%, and free cash flow of $950 million to $1.05 billion.Jefferies maintained a hold rating on Brambles and lowered the price target to AU$21.02 from AU$21.40.

ASX:BXB

Asia106d ago

New Zealand Shares Rise; Contact Energy Chair to Retire

New Zealand shares ended higher on Friday as most Asian shares saw gains after a Thursday Wall Street rally.The S&P/NZX 50 Index rose 1.05% or 135.89 points to close at 13,039.20.On Thursday, the Nasdaq Composite gained 0.9%, the S&P rose 1%, and the Dow Jones climbed 1.6%.Wall Street gains were helped by tech giant Apple's earnings as the iPhone-maker reported fiscal second-quarter results above Wall Street's estimates, with iPhone revenue coming in stronger than expected.In domestic news, Consumer confidence in New Zealand fell to its lowest in roughly three years in April, as a looming oil shock raised concerns about the broader economic outlook and downside risk for retailers, ANZ said.Further, home values across New Zealand extended a third consecutive monthly rise in April, in a slight surprise, edging up 0.1%, despite a soft start to the year for sales volumes and the Middle East conflict weighing on global economies, property valuation firm Cotality saidAlso, New Zealand's seasonally adjusted new dwellings consents fell 1.3% to 3,370 in March from 3,412 in the previous month, according to Stats NZ data.Meanwhile, New listings up 7.3% year-on-year to 9,139 in April in New Zealand, according to data from realstate.co.nz.In corporate news, Contact Energy (ASX:CEN, NZE:CEN) said Chair Rob McDonald will retire at the conclusion of the upcoming annual shareholder meeting.KMD Brands (ASX:KMD, NZE:KMD) appointed Non-Executive Director Philip Bowman as chair, effective Friday, succeeding David Kirk.

^NZ50ASX:CENASX:KMDNZE:CENNZE:KMD

Asia106d ago

Huaxin Building Materials' Attributable Profit Surges 169% in Q1

Huaxin Building Materials' (SHA:600801) attributable profit rose 169% to 630.1 million yuan in the first quarter from 233.9 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.Earnings per share at the cement manufacturer increased 164% to 0.29 yuan from 0.11 yuan in the prior-year period.Operating revenue grew 24% year over year to 8.91 billion yuan from 7.16 billion yuan.

SHA:600801

Asia106d ago

Kingsemi Q1 Profit Down 25%, Revenue Up 20%

Kingsemi (SHA:688037) posted first-quarter net profit attributable to shareholders of 3.5 million yuan, down 25% from 4.7 million yuan the previous year.Earnings per share remained at 0.02 yuan, according to a Thursday filing with the Shanghai bourse.The semiconductor device fabrication equipment producer's operating revenue rose 20% year over year to 330.6 million yuan from 275.3 million yuan.

SHA:688037

Asia106d ago

ANZ Group Launches Cashback Program in New Zealand

ANZ Group Holdings (ASX:ANZ, NZE:ANZ) launched a cashback rewards program for New Zealand customers in partnership with Visa, the company said Thursday.Through ANZ Loop, New Zealand customers can earn cash back automatically on eligible purchases from major retailers such as The Warehouse and Noel Leeming when they pay with their personal Visa debit or credit card.Instead of receiving points, the program allows customers to receive cash directly back to their accounts without the need to activate offers or use a promo code, the company said.Other brands participating in the launch of ANZ Loop include Milkrun, The Coffee Club, Designer Wardrobe, New Balance, Flamingo Scooters, Petdirect, and M.A.C.ANZ Group shares were down 1% in recent trading on the Australian and New Zealand bourses.

ASX:ANZNZE:ANZ

Asia106d ago

Mastermyne Group Unit Fined AU$7 Million by Queensland Court After Industrial Manslaughter Conviction

Mastermyne Group (ASX:MYE) said the District Court of Queensland fined its wholly-owned subsidiary, Mastermyne Crinum Operations, AU$7 million and also ordered it to pay the regulators costs of AU$300,000 as a consequence of the industrial manslaughter conviction, according to a Friday Australian bourse filing.An incident at the Crinum mine in September 2021 resulted in the death of Graham Dawson, and Resources Safety & Health Queensland investigated the incident, an earlier filing said. The Office of the Work Health and Safety Prosecutor brought two complaints against Mastermyne Crinum. The court returned a a guilty verdict for the industrial manslaughter charge.Mastermyne Crinum filed a notice of appeal, and a hearing date is yet to be determined.Mastermyne Group's shares surged almost 14% in recent Friday trade, hitting their highest since July 2024.

ASX:MYE

Asia106d ago

China Central Bank to Carry Out 300 Billion Yuan in Reverse Repo Operations

The People's Bank of China will conduct a reverse repurchase operation for 300 billion yuan, it said Thursday.The operation will carry a fixed quantity and will be done through interest-rate bidding, with winning bids to be determined at multiple price levels.PBOC's reverse repo will carry a 91-day term.

Shanghai Composite^SZSE

Asia106d ago

Dosilicon Returns to Profit in Q1 as Revenue Surges 237%

Dosilicon (SHA:688110) posted first-quarter net profit attributable to shareholders of 138.3 million yuan, compared with loss of 59.2 million yuan the previous year.Earnings per share stood at 0.32 yuan, versus loss per share of 0.14 yuan, according to a Thursday filing with the Shanghai bourse.The memory chip producer's operating revenue jumped 237% year over year to 479.3 million yuan from 142.3 million yuan.

SHA:688110

Asia106d ago

Market Chatter: Irish Supreme Court Allows TikTok to Continue EU-China Data Transfers Amid Pending Appeal

Ireland's Supreme Court has allowed TikTok to continue transferring data from the European Union to China amid an appeal by the short video app against a regulatory order to halt the transfers due to privacy concerns, according to multiple media reports Thursday.In May, the Irish Data Protection Commission fined TikTok 530 million euros and ordered the app to suspend data transfers to China if the processing is not complied with in six months.Ireland's High Court implemented a stay on the fine and the data transfer ban, stating the risk to consumers is "limited and will be temporary," adding that the damage on TikTok would be "virtually impossible" to quantify.The Supreme Court said the stay should remain until Ireland's High Court renders judgment in the appeal against the penalties, Reuters reported Thursday.(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

Asia106d ago

Market Chatter: US Moves to End China's Role in Electronics Testing

The U.S. Federal Communications Commission voted unanimously to advance a proposal banning all Chinese labs from testing U.S.-bound electronic devices such as smartphones and computers, Reuters reported Thursday.Currently, about 75% of U.S. electronics are tested in China, according to the report. The plan would fast-track approval for devices tested in U.S. labs or allied nations.In a separate vote, the FCC moved to bar China Mobile (SHA:600941, HKG:80941), China Telecom (SHA:601728, HKG:0728) and China Unicom (HKG:0762) from operating U.S. data centers, Reuters wrote.The agency is also considering blocking interconnection with companies linked to national security risks, including Huawei and ZTE (SHE:000063, HKG:0763), 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.)

Shanghai Composite^SZSEHKG:0728HKG:0762HKG:0763HKG:80941SHA:600941SHA:601728SHE:000063

Asia106d ago

Woolworths Group Faces Margin Pressure Despite 'Solid' Sales Momentum, Jefferies Says

Woolworths Group (ASX:WOW) reported "solid" fiscal third quarter sales growth but flagged softer earnings guidance and rising pricing pressures, pointing to margin strain and a more cautious earnings outlook, Jefferies said in a Thursday note.The company reported Australian food like-for-like sales growth of 5.3% in the fiscal third quarter, slightly ahead of Jefferies estimates of 4.9%, supported by strength in fresh and private-label ranges, with total sales up 5.9% and food retail sales excluding tobacco rising 7.3%, despite a 42% decline in tobacco revenue.The company lowered its fiscal 2026 Australian food earnings before interest and taxes growth outlook due to fuel cost pressures and pricing investments despite strong sales, while in New Zealand it expects weaker second-half earnings but still projects fiscal-year growth over last year.The equity research firm said that higher fuel costs have only a modest impact and suggested the larger earnings downgrade likely reflects potential pricing investment, even though current competitive conditions do not justify aggressive discounting.The research firm highlighted that online sales rose around 24% year on year, adding AU$435 million in incremental sales and lifting penetration to a record nearly 17%.The research firm noted softer customer metrics, with net promoter scores falling to 47 from 52 after five quarters of gains amid post-holiday normalization, volatility, and weaker sentiment.Jefferies maintained a hold rating on Woolworths Group and lowered the price target to AU$32 from AU$33.50.

ASX:WOW

Asia106d ago

Update: ResMed Posts Higher Fiscal Q3 Non-GAAP Earnings, Revenue; Shares Hit Over Two-Year Low

(Updates to add stock movement in the headline and last paragraph)ResMed (ASX:RMD) reported Friday fiscal third-quarter non-GAAP earnings of $2.86 per share, up from $2.37 a year earlier.Analysts polled by FactSet expected earnings of $2.80.Revenue for the three months ended March 31 was $1.43 billion, compared with $1.29 billion a year earlier. Analysts surveyed by FactSet expected $1.42 billion.The company expects its fiscal 2026 non-GAAP gross margin to be between 62% and 63%.The board declared a quarterly dividend of $0.60 per share, up from $0.53 a year earlier, payable June 18 to shareholders on record as of May 14.The company's shares fell past 4% in recent Friday trade, earlier hitting their lowest level since February 2024.

ASX:RMD

Asia106d ago

Wildcat Resources Expected to Benefit From Lithium Tailwinds, Says Euroz Hartleys, Shares Hit Two-Year High

Wildcat Resources (ASX:WC8) is expected to benefit from lithium tailwinds, helped by the Middle East conflict, according to a Thursday Euroz Hartleys note.The research firm said that the lithium tailwinds are supported by higher oil prices due to the Middle East conflict, increasing electric vehicle and battery energy storage system (BESS) demand.Euroz Hartleys added that Wildcat Resources is its preferred stock over PLS Group (ASX:PLS) or Liontown (ASX:LTR) because of its significant leverage to lithium pricing and straightforward development position, with granted mining leases, 80-kimometer proximity to Port Hedland, a conventional flowsheet, and AU$43.5 million in cash.Euroz Hartkeys maintained a speculative buy rating on Wildcat Resources and raised its price target to AU$1.21 from $0.61.The company's shares rose 5% in recent Friday trade, hitting a two-year high.

ASX:LTRASX:PLSASX:WC8

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