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Ichiken's Profit Surges 37% in Fiscal Year 2025

Ichiken's (TYO:1847) profit attributable to owners of the parent jumped 37% to 6.41 billion yen for the fiscal year 2025 from 4.68 billion yen a year earlier.The construction company's earnings per share increased to 439.83 yen from 321.19 yen a year ago, according to a Tokyo bourse filing on Monday.Net sales rose 7.2% to 106.2 billion yen for the year ended March 31 from about 99 billion yen in the prior year.It declared a final dividend of 165 yen per share, payable from June 26.For the fiscal year 2026, the company expects attributable profit of 5.6 billion yen, basic EPS of 385.74 yen, and net sales of 108 billion yen.Ichiken plans to pay interim and year-end dividends of 35 yen and 90 yen per share, respectively.

TYO:1847

Insider Trading52d ago

Sea Insider Sold Shares Worth $1,777,533, According to a Recent SEC Filing

Gang Ye, Director, Chief Operating Officer, on May 14, 2026, sold 20,000 shares in Sea (SE) for $1,777,533. Following the Form 4 filing with the SEC, Ye has control over a total of 22,496,405 Class A ordinary shares of the company, with 22,206,405 shares held directly and 290,000 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1703399/000119312526227819/xslF345X05/ownership.xml

$SE

Asia52d ago

Hengyi Petrochemical to Invest 1 Billion Yuan in Textile Recycling Project

Hengyi Petrochemical (SHE:000703) plans to invest 1 billion yuan to build a 300,000 ton per year circular new materials demonstration project in China's Hubei Province.The project will use proprietary patented technology to recycle discarded clothing and waste textiles, converting them into high-performance recycled polyester materials and specialty fibers, according to a weekend filing with the Shenzhen bourse.Construction is expected to take 18 months.

SHE:000703

Commodities52d ago

HSBC Opens $4 Billion Credit Facility for Chinese Cleantech Manufacturers

HSBC has launched a $4 billion credit facility in mainland China, offering loans to companies in the clean energy industry and low-carbon sectors to scale up internationally, it said in a press release on Monday.The loan facility will be available to businesses spanning clean power, transport electrification, data centers and artificial intelligence, the bank said.China accounted for almost half of the world's cleantech exports in 2025 and about two thirds of global solar and battery exports, the statement said, citing data from BloombergNEF.Global Head of Sustainable Finance and Transition, Natalie Blyth, said that Chinese companies were "setting new benchmarks in high-end manufacturing"."As they scale internationally, they need financial partners with the global reach and expertise to support them. This facility is designed to provide exactly that," Blyth said.The bank will increase credit limits for eligible companies, streamline credit approvals and develop tailored financial solutions, it said.

Asia52d ago

Umiya Mobile Opens 23 New Retail Stores in India

Multi-brand gadget retailer Umiya Mobile (BOM:544464) opened 23 new retail stores in India on Monday, according to a same-day disclosure to the BSE.Of the total, seven new stores were opened in different cities of the Indian state of Maharashtra, six in the cities of Gujarat, and 10 in Madhya Pradesh.The company's shares were up nearly 1% in recent trade.

BOM:544464

Asia52d ago

Changchun High-Tech Industry Wins US FDA Nod to Start Clinical Trials for Rare Skin Disease Drug

Changchun High-Tech Industry (SHE:000661) unit Genescience obtained the U.S. Food and Drug Administration's approval to conduct clinical trials for GenSci161 injection.The drug is used to treat hidradenitis suppurativa, a chronic inflammatory skin disease, according to a weekend filing with the Shenzhen bourse.Shares of the drug manufacturer closed 2% lower Monday.

SHE:000661

Equities52d ago

Wells Fargo Adjusts Price Target on Devon Energy to $68 From $66, Maintains Overweight Rating

Devon Energy (DVN) has an average rating of overweight and mean price target of $60.25, 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)

$DVN

Equities52d ago

Jefferies Adjusts Price Target on Devon Energy to $63 From $62, Maintains Buy Rating

$DVN

Asia52d ago

Hong Fok Buys Back More Shares

Hong Fok (SGX:H30) bought back 165,400 shares in the open market on Monday for around SG$162,591, according to a same-day after-market filing with the Singapore Exchange.To date, the property investment company has bought back 2.0 million shares under the current buyback program.

SGX:H30

Asia52d ago

Regional Gloom, Stalled US-Iran Talks Drag Malaysian Shares Lower for Fourth Consecutive Session

Malaysian shares fell for a fourth consecutive session on Monday, mirroring regional gloom as stalled U.S.-Iran talks continued to weigh on market sentiment.The FTSE Bursa Malaysia KLCI shed 12.51 points to end 0.7% lower at 1,727.71. The day range was between 1,727.71 and 1,742.60.In local news, Malaysia has rolled out a 5 million ringgit ($1.3 million) relief package to support its aviation industry as airlines face escalating operational costs linked to tensions in the Middle East, Bloomberg News reported.In corporate news, Real estate developer Gold Li (KLSE:GOLDLI) made its debut on Bursa Malaysia's ACE Market on Monday, opening at 0.12 ringgit, below its initial public offering (IPO) price of 0.205 ringgit, signaling a soft listing start for the property group.Shares of Censof (KLSE:CENSOF) dropped nearly 3% at Monday's close after its unit Century Software (Malaysia) bagged a deal worth 17.8 million ringgit from Majlis Agama Islam Wilayah Persekutuan (MAIWP). The deal involves building a financial management system compliant with government accounting standards and Islamic accounting frameworks.Gas Malaysia (KLSE:GASMSIA) will commit 49.8 million ringgit toward the proposed liquefied natural gas (LNG) re-gasification terminal in Kedah, Malaysia. Shares ended about 1% lower on today's close.

FTSE Bursa Malaysia KLCIKLSE:CENSOFKLSE:GASMSIAKLSE:GOLDLI

Asia52d ago

Hotung Investment Buys Back Shares

Hotung Investment (SGX:BLS) bought back 28,300 shares in the open market on Monday for SG$48,258, according to a same-day filing with the Singapore Exchange.The venture capital investment company can repurchase around 9.5 million shares under its existing repurchase mandate.

SGX:BLS

Asia52d ago

Zhejiang Yasha Decoration to Inject Over 11 Million Patacas Into Macau Unit

Zhejiang Yasha Decoration (SHE:002375) approved a capital increase of 11.3 million Macanese patacas into Macau subsidiary Aoxia Construction.Proceeds will be used for working capital needs and overseas market expansion, according to a weekend filing with the Shenzhen bourse.Shares of the architectural decoration company closed 2% lower Monday.

SHE:002375

Asia52d ago

Baidu's Q1 Attributable Net Income Drops

Baidu (HKG:9888) recorded an attributable net income of 3.45 billion yuan in the first quarter, down from 7.72 billion yuan a year prior, according to a Monday Hong Kong bourse filing.The Chinese search engine operator's earnings per share slipped to 1.10 yuan from 2.70 yuan in the corresponding period of the previous fiscal year.Revenue decreased to 32.08 billion yuan from 32.45 billion yuan in the year-ago period.

HKG:9888

Asia52d ago

Zydus Wellness' Consolidated Net Profit Slips in Fiscal Q4

Zydus Wellness' (NSE:ZYDUSWELL, BOM:531335) consolidated net profit declined to 1.62 billion Indian rupees in the fiscal fourth quarter ended March 31, from 1.72 billion rupees a year ago.Earnings per share contracted to 5.09 rupees from 5.40 rupees a year earlier, the consumer wellness company said in a filing to the Indian stock exchanges on Monday.Revenue from operations in fiscal Q4, however, increased to 14.8 billion rupees from 9.13 billion rupees a year ago.The company's board recommended a final dividend of 1.20 rupees per equity share of 2 rupees each for the financial year ended March 31.The company's shares were down nearly 2% in recent trade.

BOM:531335NSE:ZYDUSWELL

Research52d ago

Prabhudas Lilladher Downgrades VIP Industries to Sell from Reduce, Price Target is INR245

BOM:507880NSE:VIPIND

Asia52d ago

Market Chatter: EU Said Planning New Rules on Critical Components Supply to Cut China Reliance

The European Commission is reportedly drafting a new law to cap what can be bought from a single critical components supplier to 30% to 40%.The plan, said to support the bloc's hopes to reduce dependence on China, will require European companies to source components from at least three suppliers from different countries, London's Financial Times reported Monday, citing two officials familiar with the matter."On 29 May, the European Commission will hold an orientation debate on EU-China relations. Orientation debates are a regular practice... By their nature, we do not comment on the internal discussion or on any details in that regard, but we can confirm that such debates do not involve the adoption of formal proposals," a spokesperson for the commission toldin response to a request for comment.(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

Asia52d ago

Bunka Shutter to Receive 5 Billion Yen Dividend from Consolidated Subsidiary

Bunka Shutter (TYO:5930) will receive a surplus dividend of 5 billion yen from its consolidated subsidiary, Bunka Shutter Services, according to a Tokyo bourse filing on Monday.The building material and shutter manufacturer funds are due on May 26 and will be recorded as non-operating income in its individual statements for the fiscal year ending March 2027.However, since the payment is a dividend from a consolidated subsidiary, there will be no impact on the company's consolidated results for the fiscal year ending March 2027.

TYO:5930

Asia52d ago

Singapore Shares Close Higher Despite Stalling US-Iran Talks; Nam Cheong Down 6%

Singapore shares closed in black on Monday, despite broader regional losses amid continued stalling talks between the US and Iran.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,956.53 and 4,999.93 throughout the day. It ended the session at 4,996.75, up 7.67 points or 0.2% compared to Friday's close.Iran's Foreign Ministry spokesperson confirmed that talks between the two countries are ongoing through Pakistan.In economic news, Singapore's non-oil domestic exports (NODX) jumped 24.5% year over year in April, extending the 15.3% increase in the previous month, according to data released by Enterprise Singapore.On the corporate front, shares of Nam Cheong (SGX:1MZ) closed nearly 6% lower even though the marine company's attributable profit to owners surged 159.5% during the first quarter of the year to 78.9 million ringgit from 30.4 million ringgit a year earlier.ST Engineering's (SGX:S63) shares were up over 4% as its revenue climbed 11% in the first quarter of the year to SG$3.26 billion from SG$2.92 billion a year earlier.Meanwhile, shares of Rex International (SGX:5WH) closed over 2% lower with the oil and gas firm conforming it will temporarily discontinue reporting of monthly production figures across its assets in the Middle East, Norway and Germany.

^STISGX:1MZSGX:5WHSGX:S63

Equities52d ago

Europa Oil & Gas Refused Planning Permission for Appraisal Well in UK

Europa Oil & Gas (EOG.L) said the Local Planning Authority in North Yorkshire, UK, has refused planning permission for the Cloughton gas appraisal well.The oil and gas company noted in a Monday filing that the refusal was despite an approval recommendation made by the North Yorkshire Council's own planning officers.Europa Oil & Gas is assessing its options with a view to appealing the decision and remains confident that the planning permission will ultimately be granted.

$EOG.L

Equities52d ago

Teck Resources' Marger Partner to Sell Australian Steelmaking Coal Business for Up to $3.88 Billion

Teck Resources' (TECK) merger partner Anglo American has agreed to sell its Australian steelmaking coal business to Dhilmar for cash proceeds of up to $3.88 billion, the company said Monday.The transaction includes an upfront cash payment of $2.3 billion at closing and a price-linked earnout of up to $1.58 billion, Anglo American said.The steelmaking coal portfolio includes stakes in the Moranbah North, Grosvenor, Capcoal, Dawson and other coal joint ventures in Australia.Cash proceeds from the transaction, expected to close in Q1 2027, will be used to reduce net debt, the company said.Anglo American also said it continues to pursue arbitration proceedings with Peabody Energy (BTU) related to Peabody's terminated agreement to acquire the coal portfolio.Teck Resources shares were down nearly 1% in Monday premarket trading.

$BTU$TECK

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