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China Southern Airlines Turns to Q1 Profit as Revenue Jumps 10%

China Southern Airlines (SHA:600029, HKG:1055) posted first-quarter attributable net profit of 1.48 billion yuan, compared with loss of 747 million yuan the previous year.Earnings per share stood at 0.07 yuan, versus a loss per share of 0.05 yuan last year, according to a Thursday filing with the Shanghai bourse.The carrier's operating revenue climbed 10% year over year to 47.8 billion yuan from 43.4 billion yuan.Shares of the company declined 1% in recent trade.

HKG:1055SHA:600029

Asia106d ago

Novo Resources Progresses Drilling at Western Australia Antimony Project, Shares Fall 8%

Novo Resources (ASX:NVO) progressed its drill program at the Wyloo antimony project in Western Australia, testing the large polymetallic geochemical target and mineralized structures, with an initial planned program of around 2,500 meters of reverse-circulation drilling, according to a Thursday Australian bourse filing.Drilling at the Cronus gold prospect will follow with around 2,000 meters of reverse circulation drilling in five fences to test across the Titan Shear. Follow-up drilling at Balla Balla polymetallic project is planned with 6,000 meters of aircore drilling.Preliminary site locations have been identified for drilling in the second half of the year at the Belltopper gold project in Victoria.Its shares fell 8% in recent trading on Thursday.

ASX:NVO

Asia106d ago

TOTM Technologies Launches AI-Enabled Venture Builder; Shares Down 3%

TOTM Technologies (SGX:42F) unit, TOTM Labs, launched TOTM.AI, an AI-enabled venture builder, according to a Wednesday filing with the Singapore Exchange.Shares of the biometric solutions provider were down over 3% in Thursday trading.TOTM.AI allows users to scale next-generation products aimed at venture sourcing, ecosystem mapping and operational co-pilots.

SGX:42F

Asia106d ago

LHN Forecasts Higher Net Profit in Fiscal H1; Shares Up 5%

LHN (SGX:41O, HKG:1730) is expecting to book a higher net profit before tax for the fiscal first half ended March 31, according to a Wednesday filing with the Singapore Exchange.Shares of the real estate company were up nearly 5% in Thursday trading.The company has attributed this to net fair value gains on its investment properties during the period.

HKG:1730SGX:41O

Asia106d ago

Market Chatter: Two US Senators Move to Lock In China Automaker Ban Ahead of Trump-Xi Meeting

U.S. senators Bernie Moreno and Elissa Slotkin proposed legislation to codify the Biden-era rule blocking Chinese automakers from selling passenger vehicles in the U.S., Reuters reported Thursday.The move comes ahead of the Trump-Xi meeting in China in mid-May.(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

China CITIC Bank's Profit Rises 3% in Q1

China CITIC Bank (HKG:0998, SHA:601998) posted net profit attributable to equity holders of 20.1 billion yuan for the first quarter, up 3% from 19.5 billion yuan a year earlier, according to a Wednesday Hong Kong bourse filing.Earnings per share stood at 0.36 yuan, unchanged from a year earlier.Operating income rose 5.6% to 54.7 billion yuan from 51.8 billion yuan in the prior-year period.

HKG:0998SHA:601998

Asia106d ago

Mega Financial Unit Leases Office for Over NT$19 Million

Mega Financial (TPE:2886) unit Mega Futures has acquired right-of-use assets for an office property in Taipei, Taiwan, for NT$19.4 million, according to a Wednesday Taiwan Exchange filing.Shares slid about 2% in Thursday's afternoon trade.The property, spanning 895.4 square meters, was leased from affiliate Mega Securities.The three-year lease will run from May 1, 2026, to April 30, 2029, it said.

TPE:2886

Asia106d ago

Yum China's Net Income Rises 6% in Q1

Yum China (HKG:9987) posted net income of $309 million for the first quarter, up 6% from $292 million a year earlier, according to a Wednesday Hong Kong bourse filing.Earnings per share came in at $0.87 from $0.77 a year earlier.Revenue increased 10% to $3.27 billion from $2.98 billion in the prior-year period.The restaurant operator said it targets a total of over 20,000 stores in 2026, with more than 1,900 net new stores and a 40% to 50% franchise mix for new KFC and Pizza Hut outlets.Capital expenditure is expected to be about $600 million to $700 million, with $1.5 billion planned for shareholder returns.

HKG:9987

Asia106d ago

Welspun Enterprises Bags INR73 Billion Highway Development Project

Infrastructure developer Welspun Enterprises (NSE:WELENT, BOM:532553) has secured an order worth 73 billion Indian rupees from Maharashtra State Infrastructure Development Corporation, according to a Thursday filing to the Indian stock exchanges.The contract is for the construction of a six-lane partially elevated highway corridor along with the improvement of the existing road in the Pune to Shirur section of the national highway in the State of Maharashtra.The project has a sub-concession period of 29 years, including a construction period of four years.With this, the company's outstanding order book has increased to 187.6 billion rupees.The company's shares were down over 1% in recent trade.

BOM:532553NSE:WELENT

Asia106d ago

Lopal Tech Turns to Profit in Q1

Jiangsu Lopal Tech (SHA:603906, HKG:2465) recorded 214.3 million yuan in attributable profit for the first quarter of 2026, swinging from a loss of 25.9 million yuan a year earlier, according to a Hong Kong bourse filing Wednesday.The automotive specialty chemicals seller's Hong Kong shares fell over 4% in late morning trade Thursday.Earnings per share were 0.31 yuan, compared with a loss of 0.04 yuan in the prior year period.Operating revenue more than doubled to 3.50 billion yuan from 1.59 billion yuan in the same quarter of 2025.

HKG:2465SHA:603906

Asia106d ago

Karoon Energy Says Commonwealth Bank of Australia Becomes Substantial Holder

Karoon Energy (ASX:KAR) received notice that Commonwealth Bank of Australia (ASX:CBA) and its affiliates became a substantial holder of the company on Wednesday, according to a Thursday filing with the Australian bourse.Commonwealth Bank of Australia now owns 35.9 million shares in the company, representing a 5.03% voting power, the filing said.Karoon's shares rose past 2% in recent Thursday trade.

ASX:CBAASX:KAR

Asia106d ago

China Communications Construction's Profit Falls 25% in Q1

China Communications Construction (HKG:1800, SHA:601800) posted net profit attributable to equity holders of 4.10 billion yuan for the first quarter, down 25% from 5.47 billion yuan a year earlier, according to a Wednesday Hong Kong bourse filing.Hong Kong-listed shares of the infrastructure builder were down over 2% in Thursday's midday trade.Earnings per share came in at 0.24 yuan from 0.32 yuan a year earlier.Operating income rose 1% 155.9 billion yuan, compared with 154.6 billion yuan in the prior-year period.

HKG:1800SHA:601800

Asia106d ago

Delta Electronics to Absorb Unit, Build NT$10 Billion Plant

Delta Electronics (TPE:2308) board has approved a short-form merger with its unit, Vivotek Inc., with the parent absorbing the unit, according to a Wednesday Taiwan bourse filing.The merger aims to streamline the group's investment structure and enhance operational efficiency.Delta will absorb all assets and liabilities of Vivotek, which will be dissolved upon completion.In a separate same-day filing, the company also approved the construction of a new plant in Guanyin with an estimated total investment of NT$10.3 billion.The project will be built on the company's own land to support business development, with further details on the construction contract to be disclosed once finalized.

TPE:2308

Asia106d ago

ZCZL Industrial's Q1 2026 Profit Falls 18%

ZCZL Industrial Technology Group's (HKG:0564, SHA:601717) first-quarter 2026 attributable profit fell 18% to 892.1 million yuan from 1.09 billion yuan a year earlier, according to a Hong Kong bourse filing Wednesday.The coal mining machinery maker's Hong Kong shares fell over 11% in late morning trade Thursda and fell nearly 10% in Shanghai.The coal mining machinery maker's Hong Kong shares fell over 11% in late morning trade Thursday.Earnings per share were 0.506 yuan, compared with 0.612 yuan in the prior year period.Operating revenue fell 2.3% year on year to 9.54 billion yuan, figures showed.

HKG:0564SHA:601717

Asia106d ago

Avary Q1 Profit Down 5%, Revenue Slides 1%

Avary Holding Shenzhen (SHE:002938) posted first-quarter attributable net profit of 462.7 million yuan, down 5.2% from 488.2 million yuan the previous year.Earnings per share slid to 0.20 yuan from 0.21 yuan, according to a Thursday filing with the Shenzhen bourse.The printed circuit board manufacturer's operating revenue declined 1.3% year over year to 7.99 billion yuan from 8.09 billion yuan.

SHE:002938

Asia106d ago

Weichai Power Q1 Profit Up 14%; Shares Climb 4%

Weichai Power (SHE:000338) posted first-quarter attributable net profit of 3.09 billion yuan, up 14% from 2.71 billion yuan the previous year.Earnings per share rose to 0.36 yuan from 0.31 yuan, according to a Thursday filing with the Shenzhen bourse.The automobile and equipment maker's operating revenue climbed 8.9% year over year to 62.6 billion yuan from 57.5 billion yuan.Shares of the company rose 4% in recent trade.

SHE:000338

Asia106d ago

China Southern Airlines, Unit Place Order for 137 Airbus Planes

China Southern Airlines (SHA:600029, HKG:1055) and one of its units agreed to acquire 137 aircraft from Airbus at less than catalogue price, according to a Hong Kong bourse filing Wednesday.The airline's Hong Kong shares fell nearly 3% in late morning trade Thursday.The company agreed to purchase 102 A320NEO aircraft, while Xiamen Airlines, a 55%-owned subsidiary, placed an order for a further 35 A320NEO planes.The catalogue price for the planes range from $133 million to $170 million, equating to a total purchase price of $21.38 billion.However, the aggregate actual consideration "is lower than the catalogue price as provided [..] because of the price concessions granted by Airbus," China Southern Airlines said.Plane deliveries will begin from 2028 and last until 2032, the airline said.

HKG:1055SHA:600029

Asia106d ago

Suncorp Group Inches Up After Pricing AU$200 Million Capital Notes Issue

Suncorp Group (ASX:SUN) shares were marginally higher after the insurer said late Wednesday that it priced a AU$200 million issue of perpetual, noncumulative, convertible, unsecured, subordinated capital notes in an offering to institutional investors and other wholesale investors.The margin was set at 235 basis points over the three-month bank bill swap rate and was determined under a bookbuild process.The capital notes are expected to be issued on or around May 6, and no shareholder approval is needed for the issue.

ASX:SUN

Asia106d ago

Sanhua Intelligent Controls Q1 Profit Up 3%; Shares Rise 5%

Zhejiang Sanhua Intelligent Controls (SHE:002050) posted first-quarter attributable net profit of 927.6 million yuan, up 2.7% from 903.4 million yuan the previous year.Earnings per share declined to 0.22 yuan from 0.24 yuan, according to a Thursday filing with the Shenzhen bourse.Operating revenue climbed 1.4% year over year to 7.77 billion yuan from 7.67 billion yuan.Shares of the refrigeration and air-conditioning components maker were up 5% in recent trade.

SHE:002050

Asia106d ago

Singapore's Total Employment Expands in Q1

Singapore's total employment grew by 5,000 during the first quarter of the year, compared to 2,300 a year earlier, marking the 18th consecutive quarter of job growth, according to preliminary data from the Ministry of Manpower released Thursday.Despite the year-on-year growth, employment was down from the 17,700 growth in the previous quarter, mainly due to broad-based weakening in the labor market.Overall, unemployment rates edged up to 2.1% in March, compared to 2.0% in December 2025.Retrenchments remained low at 1.5 per 1,000 employees in Q1, unchanged from Q4, 2025.The ministry expects labor market to remain tight and expand in the second quarter. However, the share of firms expecting to hire in the next three months fell to 44.6% in March, compared to 54.6% in February.

^STI

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