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ZTO Express Q1 Adjusted Earnings, Revenue Rise

ZTO Express (ZTO) reported Q1 adjusted earnings late Tuesday of 2.95 Chinese renminbi ($0.43) per diluted American depositary share, up from 2.71 renminbi a year earlier.Analysts' estimates were not readily available for comparison.Revenue for the quarter ended March 31 was 13.28 billion renminbi, up from 10.89 billion renminbi a year earlier.Two analysts surveyed by FactSet expected 12.51 billion renminbi.Shares of the company were down over 5% in Wednesday's premarket activity.Price: $22.16, Change: $-1.39, Percent Change: -5.90%

$ZTO

Asia52d ago

Hong Lai Huat Buys Back Shares

Hong Lai Huat (SGX:CTO) bought back 650,000 shares worth SG$55,275 on Wednesday, according to a same-day filing with the Singapore Exchange.The property developer is authorized to buy back around 48.3 million shares under its existing buyback mandate.

SGX:CTO

Asia52d ago

Singapore Shares Close Lower; TSH Resources Slides 7%

Singapore shares ended lower on Wednesday amid mounting inflation concerns as elevated oil prices, driven by the ongoing U.S.-Iran stalemate, weighed on investor sentiment.The Straits Times Index ranged between 5,024.99 and 5,069.45 throughout the day. It ended the session down by 27.43 points, or 0.5%, to close at 5,044.91.On the corporate front, Singapore-listed shares of TSH Resources (SGX:TSH, KLSE:TSH) fell 7% at the close after the palm oil company reported a 56% decline in its attributable profit to 21.3 million ringgit from 48.2 million ringgit a year earlier.TrickleStar (SGX:CYW) closed 3% lower as it was granted in-principle approval by the SGX-ST for the listing and quotation of 79.1 million shares.Meanwhile, shares of Sembcorp Industries (SGX:U96) were up nearly 1% after its subsidiary, Sembcorp Energy UK, signed a joint development agreement to deliver the first phase of a new data center development at the Wilton International site in Teeside, UK.

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Asia52d ago

Market Chatter: Thailand Green Lights 200 Billion Baht Borrowing to Support Subsidy Initiative

Thailand's cabinet approved a 200 billion baht borrowing, to be raised in stages through term loans and promissory notes, to bolster a consumer subsidy plan, Reuters reported Tuesday.The move comes to counter a rising cost of living resulting from the uncertainty related to the Middle East conflict, the newswire reported citing Finance Minister Ekniti Nitithanprapas.The scheme will offer 1,000 baht each to around 43 million people from June to September, Reuters said citing the finance ⁠ministry's permanent secretary Lavaron Sangsnit.Various consumer goods will be subsidized at 60% of their price, with a cap of 200 baht per day.Following the borrowing, the country's public debt-to-GDP ratio will rise to around ⁠68% by the end of the four months, lower than the 70% ceiling, head of the Public Debt Management Office, Jindarat Viriyataveekul, told Reuters.(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.)

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Commodities52d ago

Indonesia Plans to Bring Key Commodity Exports Under Centralized Control

Indonesian President Prabowo Subianto on Wednesday unveiled measures to centralize exports of the country's key commodities, as the government seeks to increase state revenue and strengthen control over its abundant natural resources.In a fiery speech to Indonesia's parliament, Subianto said he found it strange that, despite being the world's largest palm oil producer, the country continues to accept prices set by other countries.He said that the country had lost $908 billion in revenue over the past 34 years because Indonesian commodities were being sold overseas for cheap, before adding that a central government-run enterprise would now sell key exports such as palm oil, coal and ferroalloy, according to a Reuters report."All sales of our resources, from palm oil [to] coal, must be through a (state-operated enterprise) selected by the government as [the] sole exporter," he said.In a press conference on Wednesday, Indonesia's Economic Minister Airlangga Hartarto said that the commodities affected in the first stage of this new norm would be coal, palm oil and ferroalloy, with more being added to the list every three months.He also announced that there would be a three-month transition period, during which exporters and businesses can continue to do business as usual.

Asia52d ago

Marco Polo Marine Issues 1.1 Million Shares Following Options Exercise

Marco Polo Marine (SGX:5LY) issued about 1.1 million new shares at an exercise price of SG$0.067 per share following the exercise of options under its employee share option scheme.The new shares will be listed and quoted on May 21, according to a Wednesday filing with the Singapore Exchange.

SGX:5LY

Commodities52d ago

Ithaca Energy Holds Production Steady in Q1; Reaffirms 2026 Production Targets

North Sea operator Ithaca Energy's Q1 production averaged 126,000 barrels of oil equivalent per day, down only marginally from the 127,000 boe/d reported in the same period last year, the company said on Wednesday.The company reaffirmed its full-year volume guidance, noting strong operational momentum carrying into the Q2 despite absorbing severe weather disruptions in January.Severe winter weather heavily restricted operating capacity throughout January and the first half of February, dragging January's volumes down to 120,000 boe/d.However, operations staged an aggressive recovery, with output spiking to a two-month average of 129,000 boe/d across February and March as weather-related deferments cleared.Operationally, the quarter marked a major structural transition as Ithaca formally enacted the Cessation of Production at its legacy Greater Stella Area hub on March 27, it added.

Equities52d ago

Bernstein Adjusts Price Target on Chevron to $204 From $216, Maintains Market Perform Rating

Chevron (CVX) has an average rating of overweight and mean price target of $214.14, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$CVX

Equities52d ago

Bernstein Adjusts Price Target on Exxon Mobil to $182 From $195, Maintains Outperform Rating

Exxon Mobil (XOM) has an average rating of overweight and mean price target of $168.64, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$XOM

US Markets52d ago

EU Parliament, Council Strike Provisional Deal to Honor US Trade Pact

The European Council and Parliament on Wednesday provisionally agreed on regulations that will fulfill the EU's commitments in a trade deal reached with the US in July 2025.Welcomed by the European Commission, the political agreement will see the removal of remaining customs duties on US industrial goods and the provision of preferential market access for certain US seafood and non-sensitive agricultural products. The duty suspension for lobster imports, including processed lobster, will also be retroactively extended from Aug. 1, 2025.The concessions are in exchange for the US maintaining a maximum tariff ceiling of 15% for most EU exports, including cars and car parts, and exempting additional tariffs for several important product groups such as unavailable natural resources, aircraft and parts, and generic pharmaceuticals."A deal is a deal, and the EU honours its commitments," Ursula von der Leyen posted on X, writing that the bloc will soon deliver its part of the EU-US deal. "I now call on the co-legislators to move swiftly and finalise the process."The new regulation also features a safeguard mechanism that allows the European Commission to partially or completely suspend the implementation in case sufficient evidence shows "serious injury" to domestic producers from significant increases in imports. The commission may also halt concessions for steel and aluminum products to the US if the latter continues to levy over 15% tariffs by Dec. 31, 2026."Today's agreement ensures that the key objectives of the EU-US Joint Statement - maintaining stable, fair, predictable and mutually beneficial transatlantic trade and investment - are achieved, and opens the path to boosting transatlantic trade by exploring further areas for reducing tariffs for EU exports," the commission said.The Parliament and Council are expected to formally adopt the agreed final texts over the coming weeks.

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Asia52d ago

Hong Fok Buys Back More Shares

Hong Fok (SGX:H30) bought back 94,000 shares in the open market on Wednesday for around SG$92,582, according to a same-day after-market filing with the Singapore Exchange.To date, the property investment company has bought back 2.3 million shares under the current buyback program.

SGX:H30

Asia52d ago

Genimous Technology Elects Permanent Chairman

Genimous Technology (SHE:000676) formally elected Xiao Huan, general manager and head of strategic investment, to serve as chair, according to a Wednesday filing with the Shenzhen bourse.The appointment transitions Xiao out of his previous acting capacity as chair, the filing said.Shares of the software company were down 4% Wednesday.

SHE:000676

Asia52d ago

Indobell Insulations Bags US Export Order; Shares Up 5%

Indobell Insulations (BOM:544334) has secured an export order worth $91,300 from U.S.-based GE Vernova Operations, according to a BSE filing on Wednesday.The order is for the supply of steam turbine insulation - blanket therm by January 2027.The company's shares were up 5% in recent trade.

BOM:544334

Asia52d ago

South Korean Shares Lower for Second Day on Foreign Outflows, Renewed US-Iran Tension

South Korean shares closed lower for a second day on Wednesday after foreign investors continued their sell-off of Korean equities, and fresh tensions on the U.S.-Iran front made investors pessimistic about a peace pact anytime soon.The Korea Composite Stock Price Index or Kospi decreased by 62.71 points, or 0.9%, to end at 7,208.95. The Kosdaq also declined by 28.29 points, or 2.6%, to close at 1,056.07.U.S. President Donald Trump said Tuesday that Washington could launch new strikes on Iran as early as next week if negotiations could not resolve the conflict and if Tehran continues to refuse the considerable concessions he wants before a deal can be framed to end the war.In retaliation, Iran's Islamic Revolutionary Guard Corps threatened to extend a revived war beyond the Middle East if the US again began attacks against Tehran.In corporate news, Samsung Electro-Mechanics (KRX:009150) secured a supply agreement for silicon capacitors from an undisclosed client. The contract, valued at 1.56 trillion won, is valid till Dec. 31, 2028.Shares of the company jumped nearly 8% at market close.In other news, South Korea's main equity exchange, the Korea Exchange, is planning to launch weekly options on single stocks from June, expiring on Thursdays.The exchange is also gearing up to launch monthly and weekly exchange-traded fund (ETF) derivatives later in 2026, while expanding weekly options expiries for the Kospi 200 and Kosdaq 150 indexes to Tuesdays, Wednesdays, and Fridays from the current schedule of Mondays and Thursdays.

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Research52d ago

Jefferies Upgrades C.H. Robinson Worldwide to Buy From Hold, Adjusts PT to $200 From $195

C.H. Robinson Worldwide (CHRW) has an average rating of overweight and mean price target of $199.61, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$CHRW

Asia52d ago

JSW Energy's Consolidated Profit Rises in Fiscal Q4

JSW Energy's (NSE:JSWENERGY, BOM:533148) consolidated attributable profit rose to 22.4 billion Indian rupees in the fiscal fourth quarter ended March 31, from 19.5 billion rupees a year ago.Earnings per share came in at 12.74 rupees from 11.18 rupees a year earlier, the renewable energy company said in a filing to the Indian stock exchanges on Wednesday.Revenue from operations in fiscal Q4 also increased to 189.0 billion rupees from 117.5 billion rupees a year ago.The company's shares were up nearly 1% in recent trade.

BOM:533148NSE:JSWENERGY

Asia52d ago

Super Telecom to Invest Nearly 26 Million Yuan for 51% of Computing Server JV

Super Telecom (SHA:603322) looks to invest 25.5 million yuan for a 51% stake in a computing server joint venture, according to a Wednesday filing with the Shanghai bourse.The company and Guangzhou Runzhiyun Technology will set up the Chaoxun Digital Intelligence (Guangdong) Technology joint venture with a registered capital of 50 million yuan.Runzhiyun will hold 49% in the JV, with an investment of 24.5 million yuan..

SHA:603322

International52d ago

Eurozone's Annual Inflation Rate Confirmed at 3% in April

Annual inflation rate in the euro area jumped to 3% in April from 2.6% in March, according to final data from Eurostat published Wednesday.The final reading is consistent with the flash estimate.On a monthly basis, consumer prices were 1% higher, matching the preliminary reading.Excluding energy, food, alcohol and tobacco, the annual inflation rate came in at 2.2%, in line with the initial reading and down from the previous month's 2.3%. Month over month, core consumer prices were 0.9% higher, confirming the preliminary estimate.

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Asia52d ago

C. E. Info Systems' Consolidated Profit Climbs in Fiscal Q4; Shares Fall 5%

C. E. Info Systems (NSE:MAPMYINDIA, BOM:543425) consolidated profit attributable to the owners rose to 507.7 million Indian rupees in the fiscal fourth quarter from 485.7 million rupees a year ago, according to an Indian bourse filing on Tuesday.Shares of the company fell 5% in Wednesday's trade.Earnings per share for the quarter ended March 31 climbed to 9.24 rupees from 8.83 rupees a year earlier.The digital mapping company's revenue from operations inched up year on year to 1.45 billion rupees from 1.44 billion rupees, the filing said.CE Info Systems' board recommended a final dividend of 3.50 rupees per share for financial year ended March 31.

BOM:543425NSE:MAPMYINDIA

Asia52d ago

Woongjin Thinkbig's Q1 Loss Narrows

Woongjin Thinkbig (KRX:095720) posted first-quarter net loss attributable to shareholders of 4.07 billion won, narrowing from 11.03 billion won a year earlier, according to a Wednesday filing with the Korea Exchange.The book publisher's sales fell 8.8% year over year to 179.6 billion won from 197 billion won.Shares of Woongjin Thinkbig fell nearly 3% at market close.

KRX:095720

Showing 26301-26320 of 53280

US Markets52d ago

EU Parliament, Council Strike Provisional Deal to Honor US Trade Pact

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