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Malaysia's May Palm Oil Inventories Rise at Faster Pace Than Expected

Malaysia's palm oil inventories rose 5.2% in May to 2.43 million tons from 2.31 million tons a month earlier, according to preliminary data released by the Malaysian Palm Oil Board on Wednesday.The stockpiles rose at a faster pace than the 2.2% rise forecast in a Bloomberg survey.Palm oil exports during the month fell 14.5% to 1.11 million tons when compared to April.Meanwhile, crude palm oil production stood at 1.52 million tons, down 7% from 1.63 million tons in April and higher than the 4.9% decline estimated by analysts.

FTSE Bursa Malaysia KLCI

Asia46d ago

Veem's Return to 'Meaningful' Growth Unlikely Until Second Half of Fiscal 2027, Euroz Hartleys Says

Veem's (ASX:VEE) return to "meaningful" growth is unlikely to happen until the second half of fiscal 2027, when material contributions from defense opportunities are anticipated, despite the company's guidance suggesting positive exit momentum for fiscal 2026, Euroz Hartleys said in a Wednesday note.The company expects fiscal 2026 revenue of between AU$50 million and AU$52 million, and earnings before interest, taxes, depreciation, and amortization of AU$3.3 million to AU$3.8 million.Trading has improved in the fiscal second half, with stronger defense activity, and a continued recovery in propulsion demand and deliveries to initial Veem Extreme customers, the financial services firm said.The company also completed its factory extension construction, securing 1,000 square meters of additional manufacturing space.Euroz Hartleys reaffirmed its speculative buy recommendation and AU$1 price target on Veem.Veem's shares jumped nearly 3% in morning trade Thursday.

ASX:VEE

Asia46d ago

Kintor Pharma Posts Positive Interim Safety Data for Whitening Agent KT-939

Kintor Pharmaceutical (HKG:9939) posted positive interim results from a long-term human safety trial of KT-939 and has begun the registration process for the compound as a new cosmetic ingredient in China, according to a Wednesday Hong Kong bourse filing.The company said 119 participants received continuous topical treatment with KT-939 for 28 weeks, with no adverse skin reactions reported.The trial is evaluating the safety of a cosmetic formulation containing 0.2% KT-939 over 52 consecutive weeks and is expected to be completed in September.

HKG:9939

Asia46d ago

Titomic Signs Multi-Year Cooperative Research Agreement With US Military Organization

Titomic (ASX:TTT) said its US unit Titomic USA has signed a cooperative research and development agreement (CRADA) with a US military research organization to establish a multi-year framework for collaborative research activities supporting next-generation defense modernization, sustainment, advanced manufacturing, and materials development, according to a Thursday Australian bourse filing.The company said the agreement establishes a framework for multiple research activities designed to advance the proprietary Titomic Kinetic Fusion (TKF) cold spray technology for military applications that require enhanced survivability, improved readiness, and accelerated manufacturing capability.Through the CRADA, Titomic and the government organization will jointly investigate advanced TKF applications related to repair, restoration, advanced materials development, survivability enhancement, and expeditionary manufacturing, it added.The company's shares fell 2% in recent Thursday trade.

ASX:TTT

Asia46d ago

Frontier Real Estate Investment Secures 2 Billion Yen Short-Term Loan

Frontier Real Estate Investment (TYO:8964) has secured a short-term loan of 2 billion yen from The Bank of Fukuoka to repay existing debt of a similar amount, according to a Tokyo bourse filing on Thursday.The new loan, which carries a fixed interest rate of 1.12691%, is set to be drawn on Thursday, June 11, and mature on July 10.

TYO:8964

Asia46d ago

Synagistics Partners With Mei Ah Entertainment on AI Commerce Brand

Synagistics (HKG:2562) partnered with Mei Ah Entertainment (HKG:0391) to launch MASYN, an AI-powered e-commerce venture targeting consumer brand development and cross-border expansion in Southeast Asia, according to a Thursday Hong Kong bourse filing.The project combines Mei Ah's AI content creation, product development, and supply chain capabilities with Synagistics' AI commerce infrastructure and regional e-commerce operations.MASYN will use AI-generated content, livestream commerce, short-video marketing, and data-driven product testing across digital commerce platforms, including TikTok Shop, to support brand incubation and regional expansion.

HKG:0391HKG:2562

International46d ago

Australian Consumer Inflation Expectations Fall in June

Australia's consumer inflation expectations fell by 0.1 percentage points in June to 5.5%, according to the Melbourne Institute Survey of Consumer Inflationary Expectations on Thursday.Trimmed mean inflation expectations, after spiking in April, have moderated for two consecutive months, while wage expectations have remained unchanged for the past seven months, the survey added.

ASX 200

Asia46d ago

3i Infotech to Provide IT Services to Hindustan Petroleum in INR371 Million Purchase Order

3i Infotech (NSE:3IINFOLTD, BOM:532628) has secured a purchase order worth 370.5 million Indian rupees from Hindustan Petroleum Corporation (NSE:HINDPETRO, BOM:500104), according to a Wednesday filing to the Indian stock exchanges.The contract is for providing facility management services across Hindustan Petroleum's locations for three years and supporting its distributed IT operations through managed infrastructure services.The project entails providing IT services to HPCL, including skilled manpower support, desktop and endpoint support, printer and scanner support, server support, VMS endpoint support, travel assistance, and related IT infrastructure support services.

BOM:500104BOM:532628NSE:3IINFOLTDNSE:HINDPETRO

Asia46d ago

Alligator Energy Resumes Drilling at Big Lake Uranium Project in South Australia, Shares Fall 6%

Alligator Energy (ASX:AGE) resumed a follow-up drill program at the Big Lake uranium project in South Australia, following a hiatus caused by persistent rain after initial discovery in 2024, according to a Thursday Australian bourse filing.The company said the Big Lake project encompasses the northern extensions of the proven uranium-bearing sedimentary system that hosts the Beverley, Four Mile, and Honeymoon in-situ recovery (ISR) uranium operations in South Australia.The company's shares fell 6% in recent Thursday trade.

ASX:AGE

Asia46d ago

Hard Off's All-Stores Sales Rise 36% in May

Hard Off's (TYO:2674) all-store sales at its directly operated stores jumped 36% in May from a year earlier, according to a Wednesday filing on the Tokyo Stock Exchange.The second-hand goods retailer's existing-store sales increased by nearly 13% during the month.The company operated 1,086 stores at the end of March, spanning domestic and overseas locations.

TYO:2674

Asia46d ago

Market Chatter: SK Hynix to Raise Wafer Capacity by Three Times by 2034: SK Group Chairman

SK Hynix (KRX:000660) plans to raise its wafer capacity by three times by 2034 to keep up with the increasing demand for memory chips needed for AI computing, SK Group Chairman Chey Tae-won told Nikkei Asia in an interview on Wednesday.The chipmaker is currently building four semiconductor fabrication plants in South Korea's Yongin, with the first facility expected to be completed in early 2027. Chey said the company accelerated the project timeline by a decade, bringing forth a plan that was initially expected to run till 2045, the report said.Shares of SK Hynix fell over 2% in recent trade on 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.)

KRX:000660

Asia46d ago

Northern Star Resources Does Not Understand Magnitude of Required Change, Elliott Says

Northern Star Resources' (ASX:NST) board has formally acknowledged the company's underperformance, but a recent letter to shareholders suggests it "does not understand the magnitude of change required" to regain their trust, activist investor Elliott Investment Management said Thursday.Elliott, which earlier disclosed a stake of more than AU$1 billion in Northern Star, is pushing the company to launch a strategic review that includes a potential sale, and strengthen its board.In response to Elliott's initial outreach, Northern Star Chairman Michael Chaney said the company has been approached by various parties over a possible corporate combination, but it is not the right time to pursue a sale process."The board cannot simultaneously acknowledge inbound corporate interest, confirm its advisers have modeled structural options, and then decline to run any kind of formal process," Elliott said. "The case for a strategic review is now more apparent than it was before the board published its letter."The activist investor believes Northern Star must move immediately to restore shareholder value by bolstering its board and launching a formal strategic review of alternatives."No options should be taken off the table, and no outcome should be prejudged," it said.Northern Star Resources did not immediately reply to a request for comment from.The company's shares declined 2% in recent Thursday trade.

ASX:NST

Asia46d ago

South Korean Shares Open Nearly 3% Lower on Fresh US-Iran Tensions

South Korean shares opened sharply lower on Thursday, owing to an overnight rout of technology stocks on Wall Street and an escalation in the U.S.-Iran war.The benchmark Korea Composite Stock Price Index, or Kospi, fell 2.9%, or 221.2 points, to open at 7,509.62. The Kosdaq declined 1.5%, or 14.46 points, to open at 937.17.

^KOSDAQKOSPI

Asia46d ago

Market Chatter: Tokyo Disney Operator Faces Pressure to Raise Ticket Prices Amid Surging Costs

Oriental Land Co (TYO:4661), the operator of Tokyo Disney Resort, is facing pressure to raise ticket prices again as costs climb, Nikkei Asia reported on Thursday, citing analysts.The challenge also comes as Oriental Land's stock now trades 60% below its 2024 peak, according to the report.For the year ending March 31, 2027, the company expects to book a 4.5% drop in operating profit to 160.8 billion yen, with net profit forecast to fall 6.6% to 113.8 billion yen, according to the company's most recent earnings report.General and administrative costs have jumped roughly 40% since fiscal 2018, driven largely by higher labor expenses, Nikkei reported.Analysts suggest profitability could recover by late 2026 if ticket prices are raised, though the operator must first justify the higher cost to visitors, 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.)

TYO:4661

Asia46d ago

PC Gold Acquires Accommodation Camp to Support Northern Territory Gold Project, Shares Fall 6%

PC Gold (ASX:PC2) acquired the former Territory Iron accommodation camp located in Pine Creek, Northern Territory, about 30 minutes by road from its Spring Hill gold project, for AU$770,000 plus goods and services tax, according to a Thursday Australian bourse filing.The company said the existing camp infrastructure includes 16 accommodation blocks comprising 64 rooms, office facilities, storage infrastructure, and connection to power, water, and sewerage.Once refurbished, the camp will provide operational capacity to support project activities in the Pine Creek region, with space for additional rooms to support proposed mining activities at Spring Hill, delivering significant time and cost advantages compared with constructing a new facility, it added.The company's shares fell 6% in recent Thursday trade.

ASX:PC2

Asia46d ago

HQVT Technology Launches HK$613 Million Hong Kong IPO

HQVT Technology (HKG:1392) launched its Hong Kong initial public offering on Thursday, seeking to raise about HK$613.2 million from the deal.The China-based multispectral artificial intelligence technology company is offering 85.2 million H-shares at HK$7.20 apiece, according to a Hong Kong bourse filing.The offering comprises 8.5 million shares for Hong Kong investors and 76.6 million shares for international investors, subject to reallocation.Allocation results are expected to be disclosed on June 18, ahead of the company's planned trading debut on June 22.Net proceeds will be used primarily to enhance HQVT Technology's research and development capabilities and accelerate product development.The company also plans to use the funds to expand production capacity, strengthen business expansion and global market penetration, and for working capital and general corporate purposes.CMBC International Capital and SPDB International Capital are acting as joint sponsors.CMBC Securities and SPDB International Capital are serving as sponsor-overall coordinators, overall coordinators, joint global coordinators, joint bookrunners, and joint lead managers.Livermore Holdings is acting as an overall coordinator, joint global coordinator, joint bookrunner, and joint lead manager.Other joint bookrunners and joint lead managers include CCB International Capital, CEB International Capital, China Harbour International Securities, CMB International Capital, DL Securities (HK), Huafu International Securities, Skyvast Securities, Somerley Capital, Yuen Meta (International) Securities, Yunfeng Securities, Zheshang International Financial Holdings and Zhongtai International Securities.

HKG:1392

Wire46d ago

Lendlease Group Reaffirms IDC Business Fiscal 2026 Earnings Guidance; Shares Jump 3%

Lendlease Group (ASX:LLC) said its fiscal 2026 earnings per security guidance for the IDC business was maintained at AU$0.28 to AU$0.34 per share, subject to targeted completions in the fiscal year, according to a Thursday Australian bourse filing.Following AU$4.7 billion of new Australian projects secured in the half year, the Group is working to unlock over AU$10 billion of balance sheet positions at Rozelle Bay, Sydney, and the Brisbane Athlete Village.New work secured for construction in fiscal 2026 is expected to be around AU$6.5 billion, supported by social infrastructure, defense, transport, and data centers, the company said. Backlog revenue as of June 30 is expected to be around AU$8 billion, supporting earnings momentum into fiscal 2027.The company's asset recycling program continues to progress with a number of well-advanced transactions now likely to be completed in early fiscal 2027, per the filing. Due to the timing of transactions and more challenging market conditions, underlying group gearing in fiscal 2026 is anticipated to be in the mid-30% range.Lendlease Group's shares rose past 3% in recent trading on Thursday.

ASX:LLC

Asia46d ago

Market Chatter: Japan Boosts Imports of US Recycled Tungsten Amid China Curbs

Japan has sharply increased its imports of recycled tungsten scrap from the U.S. amid Chinese export restrictions on the critical metal for automotive, electronics, and defense industries, Nikkei Asia reported on Thursday.US shipments to Japan jumped to 590,000 kilograms in the first quarter of this year, a 24-fold increase compared to all of 2025, the news agency said.Overall, US exports of recycled tungsten nearly tripled year-on-year, with most shipments going to Asian markets excluding China, the publication said.The shift comes as China, which controls 80% of the global tungsten market, has effectively halted its exports to Japan since February, 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

Asia46d ago

Core Lithium to Spin Out Northern Territory, South Australian Exploration Assets into Axiant Resources

Core Lithium (ASX:CXO) is set to spin out selected exploration assets in the Northern Territory and South Australia into a new gold-focused company, Axiant Resources, via an initial public offering (IPO), according to a Thursday filing with the Australian bourse.The company will keep all lithium rights over the relevant tenements and retain a substantial equity stake in Axiant, while continuing its role as a lithium-focused producer, per the filing.Axiant will use IPO proceeds to explore gold and other non-lithium metals, with a prospectus expected next month and an Australian Securities Exchange listing targeted for July or August, subject to approvals and conditions, the filing said.Additionally, company Chair Greg English will retire on June 30 and is expected to become chair of Axiant, while Non-Executive Director Malcolm McComas will be appointed as the company's new chair, the filing added.The company's shares fell 2% in recent Thursday trade.

ASX:CXO

Asia46d ago

Japanese Stocks Fall as US Strikes on Iran Fuel Inflation Fears

Japanese stocks opened lower Thursday after the US launched fresh military strikes on Iran, raising concerns over crude oil supply disruptions and renewed inflationary pressures.The Nikkei 225 fell 850.1 points or 1.3% to open at 63,329.17.The attacks, described by US Central Command as "additional self-defense strikes," followed earlier retaliatory actions and growing US frustration over stalled negotiations, according to various media reports.Brent crude climbed to over $95.At home, Bank of Japan Governor Kazuo Ueda remains hospitalized and will miss next week's policy meeting, Bloomberg News reported on Thursday.

Nikkei 225

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