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Kelin Electric to Acquire Additional 42% Stake in Kepler Robotics for 300 Million Yuan

Hangzhou Kelin Electric (SHA:688611) plans to acquire an additional 41.6% in Shanghai Kepler Robotics for 300 million yuan, according to a Shanghai bourse filing on Wednesday.After the transaction, Kelin's holdings in Kepler will rise to 51% from 9.4%.The company's shares dropped by less than 2% during the afternoon trade.

SHA:688611

Asia52d ago

Market Chatter: China's Bond Yield Drops to Ten-Month Low

China's bond yield dropped to its lowest since August 2025 despite a global bond selloff, Bloomberg News reported Wednesday.This week's yield on the ten-year government bonds dropped by more than three basis points to 1.73% as of Tuesday, Bloomberg said.China's yields were unlike those of the U.S. and Japan, which climbed recently, widening the gap between the currencies. The gap between China's yield and that of the U.S. widened to almost 300 basis points, while the gap with Japan's yield widened to 102 basis points, about five times compared to the end of 2025, according to the media outlet.The decline in China's bond yields came after a decline in economic indicators for April, with the growth of retail sales and industrial output slower compared to the previous month.(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

Research52d ago

Research Alert: Zto Q1: Accelerating Top-line And Improved Scale Economies Lift Profitability

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:ZTO posted a strong start to 2026, with revenues +22.0% Y/Y to CNY13.28B, as parcel volumes +13.2% to 9.7B units, outpacing the broader industry. Gross margins were flat at 24.4%, weighed by an 80.2% jump in network partner costs for key accounts, but partly offset by an 8.2% increase in core ASP from higher reverse-logistics volumes. However, adj-EBITDA rose by a more modest 6.9% Y/Y to CNY3.94B, due to lower other operating income. Improvements in core profitability for 2026 remains on track, aided by anti-involution policies and improving operating leverage; per-unit line-haul transportation costs -9.8% and sorting costs rose by just 6% amid rising economies of scale. Management kept full-year parcel volume growth guidance of 10%-13% (42.37B-43.52B parcels). We remain positive on its outlook, seeing potential for further upgrades depending on domestic consumption trajectory in 2H 2026, although a cautious near-term stance is warranted as irrational domestic competition could resurface and threaten margins.

$ZTO

Research52d ago

Nomura Starts Avalon Technologies at Buy with INR1,722 Price Target

Avalon Technologies (NSE:AVALON, BOM:543896) has an average rating of overweight and mean price target of 1,285.07 Indian rupees, 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)

BOM:543896NSE:AVALON

Asia52d ago

Vizione Unit Bags About MYR66 Million Contract for 30-Story Housing Project; Shares Rise 6%

Vizione (KLSE:VIZIONE) unit Bina Permai secured a 65.6 million ringgit contract for main building works, according to a Tuesday Malaysian bourse filing.The contract was awarded by Bina Asia for the main building works of a 30-storey residential apartment project in Kuala Lumpur, Malaysia.The project includes 322 residential units, parking facilities, recreational space, and related infrastructure. The construction period is 24 months from the commencement date, including mobilization and demobilization works, it added.Shares gained about 6% in Wednesday's midday trade.

KLSE:VIZIONE

Asia52d ago

Market Chatter: Woodside Energy Looking to Match Inpex's Offer to Buy PetroChina Stake in Australia's Biggest Untapped Gas Field

Woodside Energy (ASX:WDS) is looking to match Japanese oil and gas company Inpex's (TYO:1605) offer to purchase PetroChina (SHA:601857, HKG:0857) stake in Western Australia's Browse gas fields, Reuters reported Wednesday, citing CEO Liz Westcott.Inpex is looking to purchase PetroChina's 10.67% stake in the Browse gas fields, said to be Australia's largest untapped offshore gas resource, Woodside confirmed Saturday."We will absolutely assess pre-emption, as we do actually every time, and all companies do," Reuters quoted Westcott as saying on the sidelines of the Australian Energy Producers conference in Adelaide.The Australian energy company is also keen to progress the Browse transaction, Westcott told Bloomberg TV."Browse is a project that we're keen to continue to progress. We have contracting companies working with us now on early front-end engineering design for the (floating) FPSOs offshore. We've been working commercial agreements with our counterparts," Westcott said in an interview.(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.)

ASX:WDSHKG:0857SHA:601857TYO:1605

Asia52d ago

Zee Entertainment Enterprises Swings to Loss in Fiscal Q4; Shares Plummet 6%

Zee Entertainment Enterprises (NSE:ZEEL, BOM:505537) swung to loss in the fiscal fourth quarter ended March 31 with an attributable consolidated net loss of 1.02 billion Indian rupees against a net profit of 1.88 billion rupees a year ago, according to a Tuesday filing to the Indian stock exchanges.Shares of the media company plunged 6% in Wednesday's trade.Loss per share came in at 1.08 rupees compared with earnings per share of 1.96 rupees a year earlier.Total income in fiscal Q4 slipped year on year to 21.0 billion rupees from 22.2 billion rupees a year earlier.The board of directors recommended a dividend of 2 rupees per share for the financial year ended March 31.

BOM:505537NSE:ZEEL

Asia52d ago

Drone Adoption to Leave Some Chinese Delivery Players Lagging, S&P Says

Chinese e-commerce and delivery platforms' shift to drones could result in laggards among players that fail to adapt, S&P Global Ratings said in a recent release.Major players have already pivoted to airborne delivery with different goals, including Meituan (HKG:3690) which sees the innovation as a key extension of its on-demand delivery efforts, S&P said.Meanwhile, JD Logistics (HKG:2618) considers drones as an efficiency and cost reduction driver, in S&P's view.The rating agency sees the advancement as a positive business risk that offers efficiencies and brand improvement.Failure to adapt drone efforts could sideline other players to commodity services, with no service differentiation other than reduced prices, S&P credit analyst Sandy Lim said.Revenue in the segment could more than double to 3.5 trillion yuan yearly by 2035 from 1.5 trillion yuan last year, with services possibly expanding from drone deliveries to more special means such as flying taxis, S&P said.

Shanghai Composite^SZSEHKG:2618HKG:3690

Asia52d ago

Market Chatter: Indonesia to Keep Budget Outlook Unchanged Amid Rupiah Pressure

The Indonesia government will keep its 2026 state budget macroeconomic assumptions unchanged, including the Indonesia Crude Price (ICP) assumption, even as the rupiah weakens, The Jakarta Globe reported Tuesday.Severe stress scenarios were already factored into financial calculations, including simulations where global oil prices reached $100 per barrel, Finance Minister Purbaya Yudhi Sadewa reportedly said.The government was also ready with budget efficiency measures to soften the impact of the current conditions, he added while speaking at the PBN KiTa press conference at the Finance Ministry in Jakarta."The rupiah shift was also already included in those simulations," the newswire reported, citing Purbaya.With foreign investment coming back to the domestic bond market amid a rise in yields and improving sentiment, the rupiah is expected to strengthen soon, according to Purbaya.(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.)

^JKSE

Asia52d ago

Australian Shares Fall; James Hardie Industries Posts Lower Fiscal Q4 Adjusted Earnings, Higher Net Sales

Australian shares again fell on Wednesday as a sell-off in bonds intensified amid rising concerns over inflation.The S&P/ASX 200 Index rose 1.26%, or 108.10 points, to close at 8,496.60.Brent crude oil futures were trading above $110 per barrel. Two Chinese tankers filled with oil exited the Strait of Hormuz on Wednesday, Reuters reported, citing shipping data.The US 30-year treasuries yield rose to 5.2%, the highest level since 2007. The Australian government 15-year bond yield was at 5.29 %, the highest level since 2011.On the domestic front, employers in Australia paid a total of AU$110.56 billion in wages and salaries for 15.5 million jobs in March, an increase of 1.4% from AU$109.07 billion in February, according to data from the Australian Bureau of Statistics.The United Nations lowered its 2026 growth forecast for the Australian economy to 2% as the country's demand‐led recovery is now under pressure from the energy supply shock created by the Middle East conflict, according to the mid-year update of the body's World Economic Situation and Prospects report.In company news, James Hardie Industries (ASX:JHX) reported fiscal fourth quarter adjusted earnings of $0.30 per share, down from $0.36 a year earlier. Net sales for the three months ended March 31 was $1.4 billion, compared with $971.5 million a year earlier. Its shares were down nearly 1% on market close.Electro Optic Systems Holdings (ASX:EOS) said it has completed a fully underwritten institutional placement of about 18.8 million new fully paid ordinary shares at AU$8 per share, raising AU$150 million from existing and new institutional investors. Its shares fell 10% on market close.Lastly, Webjet (ASX:WJL) said its wholly owned subsidiary Webjet Marketing has received written notice from Virgin Australia Holdings (ASX:VGN) advising of changes to their existing agency and ancillary commercial arrangements. Virgin has advised that from July 1 it will significantly reduce these commission payments and broader commercial terms. Its shares plunged 11% on market close.

ASX 200ASX:EOSASX:JHXASX:WJL

International52d ago

German Annual Producer Prices Up 1.7% in April

The producer prices of industrial products in Germany increased 1.7% year over year in April, following a 0.2% decline in the previous month, the country's Federal Statistical Office said Wednesday.The consensus estimate for the month was a 1.5% rise.On a monthly basis, producer prices were 1.2% higher, against the expected 1% growth.

^SXXP

International52d ago

Saudi Arabia Logs 0.7% Decrease in March Issued Building Permits

Issued building permits in Saudi Arabia fell 0.7% annually in March, following an 18.8% drop in the previous month, according to preliminary data from the General Authority for Statistics released Wednesday.On a monthly basis, the short-term business indicators statistics showed an 11.3% decline in issued building permits.

^TASI

Asia52d ago

Bus Cap's IPO Oversubscribed By 72.2 Times

Bus Cap's initial public offering has been oversubscribed by 72.24 times, according to a Tuesday Malaysian bourse filing.The IPO involves a public issue of 107.4 million new shares and an offer for sale of 19.2 million existing shares at an IPO price of 0.23 ringgit per share on Bursa Malaysia's ACE Market.The public portion attracted 9,992 applications for over 1.40 billion shares, while the Bumiputera tranche was oversubscribed 66.68 times and the remaining public portion 77.81 times.Shares allocated for eligible directors, employees, and contributors were also fully subscribed.Meanwhile, selected investors fully subscribed to all shares under private placement, encompassing both issuance and sale offerings.TA Securities is the principal adviser, sponsor, underwriter, and placement agent for the IPO. The company will issue allotment notices by May 29, it added.

FTSE Bursa Malaysia KLCI

International52d ago

Saudi Arabia's Annual Employee Compensation Up 10% in March

Saudi Arabia's employee compensation index climbed 10% annually in March, compared with a 9.8% rise the previous month.The monthly growth stood at 0.4%, according to preliminary data from the General Authority for Statistics released Wednesday.

^TASI

Asia52d ago

Tata Communications Appoints CEO; Shares Up 5%

Tata Communications (NSE:TATACOMM, BOM:500483) has appointed Ganesh Lakshminarayanan (listed in filings as Ganapathi S. Lakshminarayanan) as the managing director and chief executive officer of the company, with effect from Wednesday, according to a same-day filing to the Indian stock exchanges.Lakshminarayanan was appointed as the managing director and CEO-designate by the Tata Communications board on Jan. 21.The company's shares were up nearly 5% in recent trade.

BOM:500483NSE:TATACOMM

International52d ago

Saudi Annual Business Operating Revenue Up 10.2% in March

Saudi Arabia's operating revenue index climbed 10.2% year over year in March, after a 5.9% growth in February, according to preliminary data from the General Authority for Statistics released Wednesday.On a monthly basis, the short-term business indicators statistics report showed that operating revenue was up 8.1%.

^TASI

International52d ago

UK's Annual Retail Prices Up 3% in April

The UK's retail prices rose 3% year over year in April, following a 4.1% increase in March, data from the Office for National Statistics showed Wednesday.The reading is below market expectations of a 3.6% increase.On a monthly basis, the index was 0.7% higher, against the prior 0.8% gain and the expected 1.4% jump.

FTSE 100

Asia52d ago

Bharat Petroleum's Consolidated Profit Rises in Fiscal Q4

Bharat Petroleum's (NSE:BPCL, BOM:500547) consolidated attributable profit jumped to 56.2 billion Indian rupees in the fiscal fourth quarter ended March 31 from 43.9 billion rupees a year prior, according to a Tuesday filing to the Indian stock exchanges.Shares of the oil marketing company rose nearly 2% in Wednesday's trade.Earnings per share climbed to 13.16 rupees from the year-ago figure of 10.28 rupees.Revenue from operations in fiscal Q4 increased to 1.349 trillion rupees from 1.269 trillion rupees a year earlier.

BOM:500547NSE:BPCL

International52d ago

UK's Annual Inflation Eases to 2.8% in April

Britain's annual inflation rate fell to 2.8% in April from 3.3% in March, according to data from the Office for National Statistics published Wednesday.Analysts expected a 3% rate for the month.On a monthly basis, consumer prices were 0.7% higher, unchanged from the previous month and compared with the market forecast of 0.9% growth.Meanwhile, the UK's annual core inflation rate was 2.5%, compared with the prior 3.1% and expected 2.6%. Month over month, core consumer prices gained 0.7%, against the previous reading of a 0.4% uptick and the consensus estimate of a 0.8% increase.

FTSE 100

Asia52d ago

Boss Energy Says JPMorgan Reduces Stake, Shares Fall 4%

Boss Energy (ASX:BOE) said JPMorgan Chase & Co. and its affiliates have reduced their stake in the company on May 15 to 5.69% or 23.6 million shares from 6.83% or 28.4 million shares, according to a Wednesday Australian bourse filing.The company's shares fell 4% in recent Wednesday trade.

ASX:BOE

Showing 26401-26420 of 53280

Asia52d ago

Australian Shares Fall; James Hardie Industries Posts Lower Fiscal Q4 Adjusted Earnings, Higher Net Sales

ASX 200ASX:EOSASX:JHXASX:WJL