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Cedar Woods Properties Posts 12% Higher Pre-sales in Fiscal Q3

Cedar Woods Properties (ASX:CWP) reported a 12% increase in pre-sales at the end of the fiscal third quarter, reaching over AU$788 million, from AU$700 million in the same period last year, according to a Thursday filing with the Australian bourse.The company achieved 442 gross sales in the March quarter, its second-highest result on record, with sales lower than the prior quarter due to limited early stock availability.Western Australia and Queensland were the company's strongest-performing markets in the third quarter, with South Australia steady and Victoria remaining weak, per the filing.The company said it remains on track to deliver fiscal 2026 net profit after tax growth guidance of 30% to 35% and is well positioned for continued profit growth in fiscal 2027.The company's shares rose past 2% in recent Thursday trade.

ASX:CWP

Asia106d ago

Wingtech Swings to Loss in Q1

Wingtech (SHA:600745) swings to a net loss attributable to shareholders of 189.3 million yuan in the first quarter from the year-ago attributable profit of 261.4 million yuan, according to a Shanghai bourse filing on Thursday.Loss per share was 0.15 yuan, compared to the year-ago earnings per share of 0.21 yuan.Operating revenue slumped 94% year on year to 816.4 million yuan from 13.1 billion yuan.

SHA:600745

Asia106d ago

South Korean Shares Open at New High on Samsung Electronics, US Big Tech's Stellar Q1 Earnings

South Korean shares opened higher on Thursday, starting the trading at a new high after market mover Samsung Electronics (KRX:005930) reported strong first-quarter sales and operating income.In addition, strong Q1 earnings by top US firms such as Alphabet, Amazon.com, Meta Platforms, and Microsoft also boosted sentiment. The strong results also restored investor confidence in the AI sector boom.The benchmark Korea Composite Stock Price Index, or Kospi, rose by 48.49 points, to open at 6,739.39. The Kosdaq marginally gained to open at 1,224.75.Samsung Electronics posted first-quarter operating income of 57.2 trillion won, up 756% from 6.69 trillion won a year earlier. The South Korean chipmaker's sales jumped 69% year over year to 133.9 trillion won from 79.1 trillion won.The company said that its highest-ever quarterly revenue and operating profit were achieved via AI technology innovation and proactive market response. Favorable currency movements, particularly a stronger greenback, raised operating profit by about 1.8 trillion won on-quarter in Q1, primarily driven by the company's parts business.

^KOSDAQKOSPIKRX:005930

Asia106d ago

Update: Mineral Resources Posts Higher Fiscal Q3 Production; Lifts Fiscal 2026 Mining Services Output Volume Guidance; Shares Hit Nearly Two-Year High

(Updates to add stock movement in the headline and last paragraph)Mineral Resources' (ASX:MIN) fiscal third-quarter production volume reached 80 million wet metric tonnes (wmt), up from 62 million wmt a year earlier, according to a Thursday filing with the Australian bourse.Total iron ore production for the three months ended March 31 across Onslow Iron and the Pilbara Hub was 10.3 million wmt, with shipments totaling 9.3 million wmt, the filing said.Total attributable spodumene production for the quarter across Wodgina and Mt Marion operating sites reached 127,000 dry metric tonnes (dmt) of SC6, while sales totaled 115,000 dmt of SC6, per the filing.The company upgraded its fiscal 2026 mining services production volume guidance to 320 million to 330 million tonnes, previously 305 million to 325 million tonnes, and raised its Onslow Iron volume guidance to 17.7 million to 19.4 million wmt, previously 17.1 million to 18.8 million wmt.The company also increased its fiscal 2026 lithium volume guidance to 270,000 to 290,000 dmt of SC6 for Wodgina, up from 260,000 to 280,000 dmt previously, and to 210,000 to 230,000 dmt of SC6 for Mt Marion, up from 190,000 to 210,000 dmt previously.The company's shares rose around 5% in recent Thursday trade, earlier hitting their highest level since May 2024.

ASX:MIN

Asia106d ago

Eisai Posts 88 Billion Yen Leqembi Revenue For Fiscal 2025

Eisai (TYO:4523) said global revenue for Alzheimer's treatment Leqembi reached 88 billion yen on a preliminary basis for the year ended March, according to a Thursday filing on the Tokyo Stock Exchange.The U.S. accounted for 44.6 billion yen of sales, followed by Japan at 24.4 billion yen and China at 12.4 billion yen.

TYO:4523

Asia106d ago

Australian Clinical Labs Subsidiary Investigating Impact of Cyber Incident at External IT Service Provider

Australian Clinical Labs (ASX:ACL) said an external IT service provider used by its SunDoctors subsidiary recently experienced a cyber incident where an unauthorized party gained access to a limited part of the unit's systems, according to a Thursday filing with the Australian bourse.SunDoctors has contained the issue, which impacted operations for a short period, and systems have all been restored. It is investigating the incident to determine if any sensitive personal information was compromised.Australian Clinical Labs said there was no impact on any of its own core laboratory systems or operations.The company's shares fell 1% in recent Thursday trade.

ASX:ACL

Asia106d ago

Cyprium Metals Appoints Chief Development Officer; Shares Fall 3%

Cyprium Metals (ASX:CYM) appointed Richard Holmes as chief development officer, effective June 1, according to a Thursday Australian bourse filing.Holmes most recently held the position of chief development officer at Sandfire Resources (ASX:SFR), the filing added.The company's shares fell 3% in recent Thursday trade.

ASX:CYMASX:SFR

Asia106d ago

Market Chatter: PAG Plans Larger Japan Bet on Property Sales

PAG plans to step up investment in Japan, targeting real estate divestments by listed companies amid rising governance pressure, Nikkei reported Thursday.The firm aims to deploy about $11 billion to $12 billion over the next three to four years across property, private equity and other assets, after reaching roughly halfway on an earlier $7 billion plan, according to the report.Cofounder Jon-Paul Toppino said shareholder activism and proposed governance revisions by Japan's Financial Services Agency are prompting companies to reassess balance sheets, creating acquisition opportunities, the report said.PAG, which manages about $55 billion of assets across the Asia-Pacific region, has invested in assets including USJ and Huis Ten Bosch, and partnered with KKR to acquire Sapporo Real Estate, owner of Yebisu Garden Place in Tokyo, according to the report.The group plans to allocate about 70% of capital from a new $2.5 billion Asia real estate fund and an existing vehicle to Japan, focusing on offices, housing, hotels, data centers and renewable energy, the report said.(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.)

Nikkei 225

Asia106d ago

G50 Corp CFO Resigns

G50 Corp (ASX:G50) said Sharmila Watson has resigned as the company's CFO, effective Thursday, according to a same-day filing with the Australian bourse.Watson will remain on hand until July 3 to facilitate the transition, per the filing.

ASX:G50

Asia106d ago

Forrestania Resources Reports AU$2.5 Million Cash at March Quarter-End; Shares Fall 5%

Forrestania Resources (ASX:FRS) reported AU$2.5 million cash on hand as of March 31, with a further AU$31.5 million received from the exercise of share options during April, according to a Thursday Australian bourse filing.In the March quarter, the company acquired Kula Gold, Lake Johnston Processing Facility, and Macphersons Reward, the filing added.Under its ore purchase agreement with Westgold Resources, the company delivered 20,000 tonnes to the Higginsville plant for processing, the filing added.The company's shares fell 5% in recent Thursday trade.

ASX:FRS

Asia106d ago

Market Chatter: Japan Consumer Firms Step up Chip Materials Push

Japanese consumer goods makers are moving further into semiconductor materials to capture AI-led demand, Nikkei reported Thursday.Kao Corporation (TYO:4452) has set up a Taiwan hub to develop and produce chip-cleaning agents with customers including Taiwan Semiconductor Manufacturing Company (TPE:2330), as advanced chips increase the need for contamination control, according to the report.Its semiconductor cleaning sales rose about 40%, supporting a 7% gain in chemical revenue to 451.5 billion yen, the report said.Ajinomoto (TYO:2802) is expanding capacity for its ABF insulating film, which holds over 95% global share in chip substrates, with more than 25 billion yen in planned investment through 2030, according to the report.Sakura Color Products Corporation and Nisshin Seifun (TYO:2002) unit Nisshin Engineering are also applying legacy technologies to chip production processes, the report said.(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.)

Nikkei 225TPE:2330TYO:2002TYO:2802TYO:4452

Asia106d ago

Wingtech's Loss Widens in 2025

Wingtech's (SHA:600745) net loss attributable to shareholders for 2025 widened year on year to 8.75 billion yuan from 2.83 billion yuan, according to a Shanghai bourse filing on Thursday.Loss per share widened to 7.03 yuan from 2.28 yuan a year earlier.Operating revenue dropped 58% 31.3 billion yuan from 73.6 billion yuan in the previous year.

SHA:600745

Asia106d ago

Meteoric Resources Says Brazil Plant Continues to Deliver 'Robust Recoveries,' Shares Fall 3%

Meteoric Resources (ASX:MEI) said its Caldeira pilot plant in Brazil continues to deliver "robust recoveries" and consistent mixed rare earth carbonate production at or higher than nameplate capacity, according to a Thursday filing with the Australian bourse.During the March quarter, the company received a $50 million conditional letter of support from Export Finance Australia for indicative Caldeira financing, it said.Definitive feasibility study workstreams are progressing, and Meteoric Resources is advancing toward a final investment decision with a cash balance of AU$18 million at the end of March.Shares of the company fell 3% in recent Thursday trade.

ASX:MEI

Asia106d ago

Japanese Stocks Fall at Open as Iran Tensions Drive Oil Prices Up

Japanese shares opened lower when trading resumed on Thursday after a market holiday, as renewed uncertainty surrounding the conflict in Iran pushed oil prices higher.The Nikkei 225 fell by 432.8 points, or 0.7%, to open at 59,484.71.Weak sentiment hounded markets as U.S. crude prices rose to their highest since 2022 after President Donald Trump told Axios that he would not end the naval blockade of Iranian ports unless Tehran agrees to a new deal addressing its nuclear program.Brent crude closed near $120 per barrel.In a separate development, Jerome Powell held his final press conference as head of the Federal Reserve, highlighting that he will remain on the board as a 'low-profile' governor.His departure follows the Justice Department's decision to drop a controversial criminal investigation into the central bank, paving the way for the Senate to confirm Kevin Warsh as the next Fed chair.

Nikkei 225

Asia106d ago

South32 Says Initial Operating Life of Arizona Zinc-Lead-Silver Project Extended by Five Years, Shares Fall 8%

South32 (ASX:S32) said the initial operating life of the Taylor zinc-lead-silver project, the first development within the Hermosa project in Arizona, was extended by five years to around 33 years since the final investment approval, driven by successful infill drilling programs.The Taylor ore reserve saw a 52% increase to 99 million tonnes, and the mineral reserve rose by 10% to 169 million tonnes. First production is now expected in the second half of fiscal 2028, and nameplate capacity of 4.3 million tonnes per annum is expected by fiscal year 2031, reflecting the revised expectation for shaft construction.Updated pricing for the remaining surface and underground construction packages led to expected growth capital expenditure for Taylor being updated to around $3.3 billion.Under the updated assumptions, Taylor's steady-state earnings before interest, taxes, depreciation, and amortization is expected to be around $650 million per annum, with a net present value of around $3.1 billion.Its shares fell 8% in recent trading on Thursday.

ASX:S32

Asia106d ago

Update: Woolworths Group Reports Higher Fiscal Q3 Sales; Freezes Shelf Prices on Hundreds of Household Staples; Shares Fall 6%

(Updates to add stock movement in the headline and last paragraph)Woolworths Group (ASX:WOW) reported fiscal third-quarter sales of about AU$18.1 billion, up 4.5% from AU$17.31 billion in the year-ago period, according to a Thursday filing with the Australian bourse.Australian food sales increased 5.9% year over year to AU$13.83 billion, while New Zealand food sales measured in the local currency ticked 1.4% higher, per the filing.While the impact of the Middle East conflict on the company's business has so far been limited, "higher fuel costs and secondary effects are likely to have an increasing inflationary impact as we move through the calendar year," CEO Amanda Bardwell said.Reported fiscal 2026 Australian food earnings before interest and taxes growth is still expected to be in the mid to high single-digit range but no longer at the upper end of the range, Woolworths said.The guidance reflects incremental costs associated with direct fuel exposures as well as initiatives to support customers during a period of budgetary constraint, including a freeze on shelf prices for 300 household staples, the company disclosed in a separate Thursday statement.The price freeze includes Woolworths-branded or exclusive products, including eggs, bread, chicken, sausages, pasta, and diapers starting from May 1 for the next three months.The company's shares fell around 6% in recent Thursday trade.

ASX:WOW

Asia106d ago

Kingsgate Consolidated Posts Higher Gold Production, Sales in March Quarter; Shares Fall 6%

Kingsgate Consolidated (ASX:KCN) produced 21,036 ounces of gold and sold 21,954 ounces of gold during the March quarter, according to a Thursday filing with the Australian bourse.The gold was produced at an all-in sustaining cost of $2,201 per ounce and sold at an average price of $4,814 per ounce of gold during the quarter, the filing said.For the quarter ended March 31, 2025, the company produced 20,628 ounces of gold at an AISC of $1,839 per ounce and sold 20,000 ounces of gold at an average price of $2,875 per ounce, an earlier filing showed.The company said it remains on track to meet its fiscal 2026 guidance of 93,000 to 103,000 ounces of gold equivalent and all-in sustaining cost of $1,550 to $1,750 per ounce.The company's shares fell around 6% in recent Thursday trade.

ASX:KCN

Asia106d ago

Australian Prudential Regulation Authority Warns Financial Sector Over AI-Related Risks

The Australian Prudential Regulation Authority (APRA) on Thursday called on the financial sector to enhance its management of AI-related risks, warning that information security practices are struggling to keep up with the speed of the technology's adoption.In a letter to the industry, the regulator outlined the findings of a review it launched last year, noting that the growing use of advanced AI is creating multiple new financial and operational vulnerabilities for banks, insurers, and superannuation trustees."Frontier AI models such as Anthropic's Claude Mythos, which could enhance the discovery of vulnerabilities by bad actors, are expected to further increase the probability, speed, and scale of cyber attacks," APRA said.The regulator found that financial corporates have a high interest in the potential benefits of AI usage, but in many cases lack the technical knowledge to effectively manage the associated risks.The APRA is not proposing to introduce additional requirements at this stage but expects to see a "significant improvement" in how the financial sector approaches AI-related risk management and governance.

ASX:ANZASX:CBAASX:IAGASX:NABASX:QBEASX:WBC

Asia106d ago

Gentrack Group to Acquire Dubai Technology Partners in $10 Million Deal

Gentrack Group (ASX:GTK, NZE:GTK) signed an agreement to acquire Dubai-based airport technology and services provider Dubai Technology Partners for an enterprise value of $10 million, according to a Thursday filing with the Australian and New Zealand bourses.Dubai Technology Partners will be incorporated into the company's Veovo airports division, boosting its artificial intelligence-powered portfolio while also broadening its global footprint and strengthening its presence in the Middle East, per the filing.The deal, which will be funded through the company's existing cash reserves, is expected to add about NZ$3.5 million in fiscal 2026 revenue over four months post-completion, the filing said. It will also be marginally accretive to earnings before interest, taxes, depreciation, and amortization before integration costs, the filing added.The transaction is expected to be completed within a month, subject to standard conditions.The company's Australian shares were up 2% in recent Thursday trade, while its Kiwi shares added about 1%.

ASX:GTKNZE:GTK

Asia106d ago

Avita Medical Says Wound Care System Preparation Method Receives Regulatory Approval in Australia, New Zealand

Avita Medical (ASX:AVH) said its RECELL GO wound care system preparation method received regulatory clearance in Australia and New Zealand, allowing for commercialization in both markets for burn and acute wound treatment, according to a Thursday Australian bourse filing.It secured certification from Australia's Therapeutic Goods Administration and was listed on New Zealand's Web Assisted Notification of Devices database by Medsafe.RECELL GO combines a reusable, electricity-powered RECELL processing device with a single-use RECELL preparation kit, with one such kit capable of treating wounds up to 1,920 square centimeters, per the filing.Its exclusive distribution partner in Australia and New Zealand, Revolution Surgical, expects to begin the commercial launch within the coming weeks.Its shares rose over 2% in recent trading on Thursday.

ASX:AVH

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