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Chalice Mining Starts Feasibility Study for Western Australia Palladium-Nickel-Copper Project; Shares Down 4%

Chalice Mining (ASX:CHN) started a feasibility study for its Gonneville palladium-nickel-copper project in Western Australia, with activities progressing across all key work streams, including geology, mining, processing, and infrastructure, according to a Thursday Australian bourse filing.The company said an eight-week continuous pilot of the full flowsheet is planned in the second half of the year, representing the final de-risking step for the process flowsheet ahead of the feasibility study and project financing.The company said it has received strong interest from royalty and streaming companies, offtakers, credit agencies, and commercial lenders, with its funding strategy currently focused on byproduct streams, offtake-linked finance, sovereign credit agencies, and strategic investment.The company's shares fell nearly 4% in recent Thursday trade.

ASX:CHN

Asia106d ago

XJ International to Subscribe for Controlling Stake in Nasdaq-Listed Intelligent Group; Shares Surge 9%

XJ International (HKG:1765) said its indirectly wholly-owned subsidiary agreed to subscribe for 600,000 Class B shares in Nasdaq-listed Intelligent Group at $12.50 each, for a total consideration of $7.50 million, according to a Thursday Hong Kong bourse filing.Upon completion, Intelligent Group will become an indirect subsidiary of the company, with XJ holding about 85.2% of the target's voting power.The company said the transaction constitutes a connected transaction as Intelligent Group is controlled by its controlling shareholder, Wang Huiwu.The subscription is intended to create synergies in the education sector and support the group's international expansion, the filing said.XJ's shares jumped nearly 9% in recent trade.

HKG:1765

Asia106d ago

ASX Midday Sector Update: Information Technology Stocks Gain, Woolworths Weighs on Consumer Staples

Information technology stocks advanced nearly 2% to lead gainers in midday trading Thursday, after a number of US-listed peers overnight reported strong quarterly results that beat analyst expectations.WiseTech Global (ASX:WTC) rose almost 5%, and Xero (ASX:XRO) gained 2%.On the flip side, consumer staples stocks shed 4%, weighed down by a decline in Woolworths Group (ASX:WOW), the largest company in the sector by market capitalization.Shares of Woolworths slid more than 6% after the supermarket chain operator said fiscal 2026 Australian food earnings before interest and taxes growth is no longer expected to be at the upper end of its guidance range, as higher fuel costs and secondary effects from the Middle East conflict are likely to have an increasing inflationary impact through the remainder of the year.

ASX 200ASX:WOWASX:WTCASX:XRO

Asia106d ago

CSSC's Q1 Profit Surges 252%, Revenue Jumps 55%; Shares Up 3%

China CSSC's (SHA:600150) net profit attributable to shareholders in the first quarter surged 252% to 4.83 billion yuan from 1.37 billion yuan a year earlier, according to a Shanghai bourse filing on Thursday.Earnings per share soared 177% year on year to 0.642 yuan from 0.232 yuan.Operating revenue jumped 55% to 43.3 billion yuan from almost 28 billion yuan in the previous year.The shipbuilder's shares jumped 3% during the morning trade.

SHA:600150

Asia106d ago

China Yangtze Power's Q1 Profit Rises 6%, Revenue Climbs 2%

China Yangtze Power's (SHA:600900) net profit attributable to shareholders in the first quarter jumped 31% year on year to 6.76 billion yuan, or 0.28 yuan per share, according to a Shanghai bourse filing on Thursday.The attributable profit a year earlier was 5.18 billion yuan, or 0.21 yuan per share.Operating revenue climbed 6% to 18.1 billion yuan from 17 billion yuan in the previous year.The power company's shares rose 1% during the morning trade.

SHA:600900

Asia106d ago

Air China Returns to Profit in Q1, Revenue Rises 11%

Air China (SHA:601111, HKG:0753) posted first-quarter attributable net profit of 1.71 billion yuan, compared with a loss of 2.04 billion yuan the previous year.Earnings per share stood at 0.10 yuan, versus loss per share of 0.12 yuan, according to a Thursday filing on the Hong Kong bourse.The airline's revenue rose 11% year over year to 44.5 billion yuan from 40.0 billion yuan.

HKG:0753SHA:601111

Asia106d ago

China Yangtze Power's 2025 Profit Rises 6%, Revenue Climbs 2%

China Yangtze Power's (SHA:600900) net profit attributable to shareholders in 2025 rose 6.2% year on year to 34.5 billion yuan, or 1.41 yuan per share, according to a Shanghai bourse filing on Thursday.The attributable profit a year earlier was 32.5 billion yuan, or 1.33 yuan per share.Operating revenue climbed 2% to 86.2 billion yuan from 84.5 billion yuan in the prior year.The power company's shares rose 1% during the morning trade.

SHA:600900

Asia106d ago

Inspur Electronic Information's Q1 Profit Up 31% on Lower Revenue; Shares Slide 6%

Inspur Electronic Information Industry (SHE:000977) posted first-quarter attributable net profit of 604.9 million yuan, up 31% from 462.7 million yuan the previous year.Earnings per share rose to 0.4119 yuan from 0.3143 yuan, according to a Thursday filing on the Shenzhen bourse.Operating revenue went down 24% year over year to 35.5 billion yuan from 46.9 billion yuan.Shares of the information technology company were down 6% in recent trade.

SHE:000977

Asia106d ago

Lingyi iTech Q1 Profit Down 31%, Revenue Up 10%

Lingyi iTech Guangdong (SHE:002600) posted first-quarter attributable net profit of 391.6 million yuan, down 31% from 565.2 million yuan the previous year.Earnings per share declined to 0.05 yuan from 0.08 yuan, according to a Thursday filing on the Shenzhen bourse.The artificial intelligence hardware intelligent manufacturing platform operator's operating revenue went up 10% year over year to 12.6 billion yuan from 11.5 billion yuan.

SHE:002600

Asia106d ago

CSSC's 2025 Profit Jumps 86%, Revenue Climbs 14%; Shares Up 3%

China CSSC's (SHA:600150) net profit attributable to shareholders in 2025 jumped 86% to 7.85 billion yuan from 4.22 billion yuan a year earlier, according to a Shanghai bourse filing on Thursday.Earnings per share climbed 75% year on year to 1.24 yuan from 0.71 yuan.Operating revenue increased 14% to almost 152 billion yuan from 133.4 billion yuan in the prior year.The shipbuilder's shares jumped 3% during the morning trade.

SHA:600150

Asia106d ago

Shanghai Pudong Development Bank's Q1 Profit Rises 1.5%, Revenue Climbs 1%

Shanghai Pudong Development Bank's (SHA:600000) net profit attributable to shareholders in the first quarter rose 1.5% to 17.9 billion yuan from 17.6 billion yuan a year earlier, according to a Shanghai bourse filing on Thursday.Earnings per share remained flat year-over-year at 0.52 yuan.The lender's operating revenue climbed 1.4% to 46.5 billion yuan from 45.9 billion yuan in the prior year.

SHA:600000

Asia106d ago

AIA's Value of New Business Rises 13% in Q1

AIA Group's (HKG:1299) value of new business (VONB) increased 13% year over year in the first quarter of 2026, supported by broad-based growth across its markets, according to a Thursday Hong Kong bourse filing.VONB for the three months ended March 31 rose to $1.76 billion on a constant exchange rate basis, compared with $1.50 billion in the year-ago period.Annualized new premiums increased 16% to $3.15 billion, while VONB margin remained strong at 56%, the filing showed.The insurer said its mainland China and Hong Kong businesses delivered growth of more than 20% in VONB during the quarter.

HKG:1299

Asia106d ago

NAURA's Q1 Profit Rises 3%, Revenue Jumps 26%; Shares Up 3%

NAURA Technology Group's (SHE:002371) net profit attributable to shareholders in the first quarter rose 3.4% to 1.63 billion yuan from 1.58 billion yuan a year earlier, according to a Shenzhen bourse filing on Thursday.Earnings per share climbed 2.8% year on year to 2.25 yuan from 2.19 yuan.The semiconductor company's operating revenue jumped 26% to 10.3 billion yuan from 8.21 billion yuan in the previous year.NAURA's shares rose nearly 3% in early-morning trade Thursday.

SHE:002371

Asia106d ago

Shenzhen LDROBOT Seeks Up to HK$1 Billion in Hong Kong IPO

Shenzhen LDROBOT (HKG:1236) launched its Hong Kong initial public offering on Thursday, seeking to raise up to about HK$1 billion from the deal.The China-based robotics company is offering 33.3 million shares at an indicative price range of HK$24.00 to HK$30.00 per share, according to a Hong Kong bourse filing.The offering comprises 3.3 million shares for Hong Kong investors and 30.0 million shares for international investors, subject to adjustment and the overallotment option.The offer price is expected to be determined by May 7, with allocation results due by May 8, ahead of the company's planned trading debut on May 11.Net proceeds will be used mainly to enhance research and development of intelligent robotic vision and AI-driven technologies, as well as support new product development.The funds will also be used to expand production capacity and upgrade manufacturing capabilities, strengthen international expansion and brand building, and for working capital and general corporate purposes.Haitong International Capital and Guotai Junan Capital are acting as joint sponsors.Haitong International Securities and Guotai Junan Securities (Hong Kong) are serving as overall coordinators and are also acting as joint bookrunners and joint lead managers, alongside China International Capital Corporation Hong Kong Securities, and SDIC Securities (Hong Kong).Futu Securities International (Hong Kong), Orient Securities (Hong Kong), CMBC Securities, and Yuet Sheung International Securities are acting as joint bookrunners and joint lead managers.

HKG:1236

Asia106d ago

NZX Midday Sector Update: Consumer Durables Sector Soars, Non-Energy Minerals Decline

Shares of the consumer durables sector gained the most on New Zealand's Exchange, rising past 3% on Thursday.Shares of KMD Brands (NZE:KMD, ASX:KMD) rose over 3% in recent trade.Meanwhile, non-energy minerals shares fell 1%.Fletcher Building (NZE:FBU, ASX:FBU) was down nearly 1% in recent trade.

^NZ50ASX:FBUASX:KMDNZE:FBUNZE:KMD

Asia106d ago

Midea's Q1 Profit Rises 2%, Revenue Climbs 3%

Midea's (SHE:000333, HKG:0300) net profit attributable to shareholders in the first quarter rose 2% to 12.7 billion yuan from 12.4 billion yuan a year earlier, according to a Hong Kong filing on Thursday.Earnings per share increased 3.7% year on year to 1.69 yuan from 1.63 yuan. Current EPS beat Visible Alpha's estimate of 1.65 yuan.Operating revenue was 131.1 billion yuan, 2.6% higher than 127.8 billion yuan in the previous year and higher than VA analysts' forecast of 131 billion yuan.

HKG:0300SHE:000333

Asia106d ago

Yamaichi Electronics Says No Data Leak in Philippine Unit Cyberattack

Yamaichi Electronics (TYO:6941) said systems at its Philippines subsidiary have resumed normal operations following a ransomware attack, according to a Thursday filing on the Tokyo Stock Exchange.The company said the affected servers at Pricon Microelectronics were restored on April 29 with support from external cybersecurity experts. Production or sales were not affected.A third-party forensic review found no evidence of data leaks or unauthorized transfers, the company said.

TYO:6941

Asia106d ago

Tivan, Northern Territory Government Create Control Group to Fast-Track Tungsten Project; Shares Fall 5%

Tivan (ASX:TVN) and the Northern Territory government created a project control group to support the accelerated development of the company's Molyhil tungsten project in the state, according to a Thursday filing with the Australian bourse.The control group, chaired by the Department of Mining and Energy, will provide a structured framework to help coordinate state government agencies and resolve issues raised by Tivan, per the filing.The company said it considers the establishment of the group, which covers both Molyhil and the adjacent Sandover fluorite project, to be "a material de-risking factor in the pathway to production."Tivan is targeting a final investment decision for Molyhil in the fourth quarter of 2027.The company's shares fell 5% in recent Thursday trade.

ASX:TVN

Asia106d ago

Globe-ing to Transfer Listing to Prime Market of Tokyo Bourse

Globe-ing (TYO:277A) will move its listing to the Prime Market from the Growth Market of the Tokyo Stock Exchange, according to a Thursday filing on the Tokyo Stock Exchange.The company said it will continue to focus on expanding its business following the shift.

TYO:277A

Asia106d ago

Toho Holdings Flags Risks in 3D Investment Stake Build, Plans Vote on Proposed Acquisition

Toho Holdings (TYO:8129) will seek shareholder approval to activate takeover defenses against a large-scale share purchase by 3D Investment Partners, according to a Thursday filing on the Tokyo Stock Exchange.The board said the proposed acquisition could harm corporate value and shareholder interests, citing concerns that the investor may push short-term strategies by increasing its influence over management.The company will submit a proposal at its annual meeting in June to confirm whether shareholders support invoking countermeasures under its response policy. If approved and the purchase proceeds, Toho plans to issue stock acquisition rights as a defense.Toho said 3D's stated aim of "pure investment" lacks credibility, arguing its actions indicate an intent to influence management decisions. The board also raised concerns about potential conflicts with ordinary shareholders and the coercive nature of on-market purchases.

TYO:8129

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