Financial News · Live Terminal

George Weston Quarterly Common Share Dividend To Be Increased by 8.0%

$L.TO$WN.TO

George Weston Q1 Adjusted diluted net earnings per common share $0.91, an increase of $0.05, or 5.8%

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George Weston Q1 Revenue was $14,639M, an increase of $585 million, or 4.2%

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Trican Well Service's Q1 Profit Falls YoY Despite Higher Revenue

Trican Well Service (TCW.TO) reported a year-over-year decrease in profit and profit per share in the first quarter, partly due to increased technology initiative expenses and higher depreciation expense related to the Iron Horse acquisition, the company said late on Monday.Profit was C$30.3 million, or $0.14 per share, down from $31.9 million, or $0.17 per share. The result missed the earnings per share consensus estimate of $0.15 as compiled by FactSet.Revenue was $330.3 million, up from $259.1 million. The result beat the sales consensus estimate of $328.7 million as compiled by FactSet. The company cited an increase in operating activity, including the contribution from the Iron Horse acquisition.Adjusted EBITDA was $70.1 million, up from $61.3 million.The company has approved a 2026 capital budget of $122 million, with a continued focus on maintenance capital.Trican's board has approved a quarterly dividend of $0.055 per share, reflecting a 10% increase from the $0.050 per share dividend declared in the same quarter a year ago. The dividend will be paid on June 30 to shareholders of record as of the close of business on June 15.

$TCW.TO

Fury Gold Mines Appoints Annie Blier, as Senior Director, Environment and Permits

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CGS International Upgrades Siam Global House to Add from Reduce; Price Target is THB7.40

Siam Global House (BKK:GLOBAL) has an average rating of overweight and mean price target of 7.35 baht, 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://www..com/contact-us)

BKK:GLOBAL

Kasikorn Securities Starts Millennium Group Corporation Asia at Outperform with THB6.70 Price Target

BKK:MGC

Prabhudas Lilladher Downgrades Bajaj Auto to Hold from Accumulate; Price Target is INR10,400

Bajaj Auto (NSE:BAJAJ-AUTO, BOM:532977) has an average rating of overweight and mean price target of 10,921.92 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://www..com/contact-us)

BOM:532977NSE:BAJAJ-AUTO

HDFC Securities Upgrades The Indian Hotels Company to Buy from Add; Price Target is INR801

The Indian Hotels Company (NSE:INDHOTEL, BOM:500850) has an average rating of buy and mean price target of 795.78 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://www..com/contact-us)

BOM:500850NSE:INDHOTEL

Bunker Hill Confirming Discovery of New High-Grade Silver-Lead Veins with Second Drill Intercept

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Shanghai Kehua Bio-Engineering Obtains Registration for HDL3-C Test Kit

Shanghai Kehua Bio-Engineering (SHE:002022) obtained medical device registration from the Shanghai regulator for its high-density lipoprotein 3 cholesterol assay kit.The kit is intended for in vitro quantitative determination of HDL3-C concentration in human serum and plasma samples, according to a Tuesday filing with the Shenzhen bourse.The registration is valid until May 6, 2031.Shares of the in vitro diagnostics company closed 3% lower Tuesday.

SHE:002022

Guangzhou Metro Design & Research Institute Secures 252 Million Yuan in Depot Renovation Contracts

Guangzhou Metro Design & Research Institute (SHE:003013) signed eight contracts worth a preliminary 252.2 million yuan with controlling shareholder Guangzhou Metro for the Xilang and Yuzhu depot renovation projects.The contracts constitute related party transactions, according to a Tuesday filing with the Shenzhen bourse.Shares of the engineering services provider closed 1% lower Tuesday.

SHE:003013

ICICI Securities Downgrades Central Depository Services (India) to Reduce from Hold; Price Target is INR1,090

Central Depository Services (India) (NSE:CDSL) has an average rating of hold and mean price target of 1,298.79 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://www..com/contact-us)

NSE:CDSL

Iwai Cosmo Securities Upgrades Sony Group to Outperform from Neutral Plus; Price Target is 4,800 Yen

Sony Group (TYO:6758) has an average rating of buy and mean price target of 4,747.83 yen, 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://www..com/contact-us)

TYO:6758

Daikin Industries' Attributable Profit Rises in Fiscal Year 2025

Daikin Industries' (TYO:6367) profit attributable to owners of the parent increased to 275.23 billion yen for fiscal year 2025 from 264.76 billion yen a year earlier.The air conditioner manufacturer's earnings per share increased to 939.14 yen from 903.65 yen a year ago, according to a Tokyo bourse filing on Tuesday.Net sales jumped 5.5% to 5.015 trillion yen for the year ended March 31 from 4.752 trillion yen in the prior year.Daikin also declared a year-end dividend of 175 yen per share, payable from June 29, compared with 145 yen a year ago.For the fiscal year 2026, the company expects attributable profit of 278 billion yen, EPS of 949.32 yen, and net sales of 5.150 trillion yen. It also plans to pay per-share interim and year-end dividends of 180 yen each.

TYO:6367

^BSENifty 50BOM:500228BOM:540795NSE:DYCLNSE:JSWSTEEL

CGS International Adjusts Hong Leong Asia's Price Target to SG$5.50 from SG$4.50, Keeps at Add

SGX:H22

Oil & Energy53d ago

Adnoc Gas Habshan Complex Expected to be 100% Restored by 2027

Adnoc Gas said Tuesday its Habshan complex, a key gas facility in the UAE, is expected to reach 80% processing capacity by the end of the year and 100% by 2027, as the company makes headway with restoration work after Iranian attacks in April.The company restored 60% of the processing capacity "within a short period" following "two security-related incidents" on April 3 and 8, it said in its Q1 earnings report, with a detailed technical assessment nearing completion.Adnoc Gas said some processing trains at the Habshan site remain offline, but overall supply across the entire gas network has been "substantially" restored. Phase 1 of the Rich Gas Development project is also expected to help ease supply constraints.The company also said that "disruption to maritime movements through the Strait of Hormuz continues to impact liftings of Adnoc Gas products."In Q1, the company reported a 20% year-over-year decline in exports and traded liquids, which include liquefied petroleum gas, naphtha, and liquefied natural gas. Sales volume dropped to 202 trillion British thermal units from 251 TBtu a year earlier, due to the effective closure of the Strait in March.Meanwhile, lower regional demand and cooler weather resulted in an 11% drop in domestic gas sales volume to 519 TBtu in Q1 from 580 TBtu a year ago.Adnoc Gas also recorded year-over-year declines in plant efficiency. Asset utilization decreased to 75.7% from 85.8%, while asset availability slipped to 93.4% from 97.8%. Asset reliability, at the same time, eased to 98.1% from 99.7%.Going forward, shipping disruptions would likely weigh on Q2 financial performance, according to the company."On the assumption that the Strait is open for the second half of 2026, higher LNG and LPG prices, in line with the current Brent forward curve, are expected to help offset deferred volumes," it said.Adnoc Gas projects that exports and traded liquids will range from 730 TBtu to 770 TBtu for the full year of 2026, compared with 1,036 TBtu in 2025. Domestic gas sales volumes are also estimated to slip to between 1,920 TBtu and 2,000 TBtu this year, from last year's 2,420 TBtu.

Asia Markets53d ago

Indian Equities Extend Losses on Tuesday as Oil Fears, Weak Rupee Hit Sentiment

Indian benchmark indices extended losses on Tuesday as selling pressure deepened across sectors amid concerns over a prolonged oil shock and weak global cues.The BSE Sensex fell 1,456.04 points, or 1.9%, to close at 74,559.24, while the NSE Nifty 50 dropped 436.30 points, or 1.8%, to settle at 23,379.55.Markets saw sharp pressure as technology stocks weakened and the rupee slipped to fresh lows, adding to already fragile sentiment. Investors also stayed cautious amid uncertainty around the U.S.-Iran conflict, while expectations of prolonged disruption in crude supply kept energy-related risks elevated.Rising Brent oil prices and discussions around domestic austerity measures further weighed on risk appetite.In corporate developments, Dynamic Cables (NSE:DYCL, BOM:540795) reported a rise in fiscal Q4 profit to 241.7 million rupees from 235.6 million rupees a year earlier.JSW Steel (NSE:JSWSTEEL, BOM:500228) reported a 1% year-on-year decline in April crude steel production to 2.12 million tons, impacted by a planned shutdown at its Vijayanagar plant for expansion work.

Apex Securities Downgrades Sarawak Plantation to Hold from Buy; Price Target is MYR3.81

KLSE:SWKPLNT