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Otsuka's Profit Jumps 15% in Q1

Otsuka's (TYO:4768) profit attributable to owners of the parent climbed 15% to 16.7 billion yen for the first quarter, from 14.5 billion yen a year earlier.The office equipment company's basic earnings per share increased to 44.01 yen from 38.22 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales rose 9.3% to 344.8 billion yen for the three months ended March 31 from 315.5 billion yen in the prior-year period.For the year ending Dec. 31, the company expects attributable profit of 61.1 billion yen, basic EPS of 161.21 yen, and net sales of 1.311 trillion yen.Otsuka plans to pay interim and year-end dividends of 50 yen and 45 yen per share, respectively, for the year, which is higher than the amount paid in the year-ago period.

TYO:4768

Asia55d ago

SkyCity Entertainment Cuts Fiscal Year 2026 Underlying EBITDA Guidance to NZ$180-NZ$190 Million, Initiates Further Cost Savings

SkyCity Entertainment Group (ASX:SKC, NZE:SKC) said it now expects underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) for fiscal year 2026 between NZ$180 million and NZ$190 million, down from previous guidance of NZ$190 million to NZ$210 million, according to a Thursday New Zealand bourse filing.The guidance cut is based on trading conditions experienced since the recent fuel price increases and remains broadly consistent for the remainder of the year, the filing added.The company said it has exceeded its previously disclosed target of NZ$10 million in cost savings for fiscal year 2026 and is now initiating additional cost-saving initiatives across its operations and corporate functions, engaging external advisors to support the process.Under its asset monetization program, SkyCity has entered into a non-binding heads of agreement for the sale of the 99 Albert Street office building and investment properties on Victoria Street, with financial terms confidential, while also seeking expressions of interest from potential investors in acquiring The Grand Hotel, the filing added.SkyCity noted that the Online Casino Gambling Act 2026 comes into effect on May 1, with the Department of Internal Affairs (DIA) advising that it anticipates issuing licences from early 2027.The company's New Zealand shares fell 2% in recent Thursday trade.

ASX:SKCNZE:SKC

Asia55d ago

GEM's Q1 Profit Rises 2%, Revenue Up 5%

GEM's (SHE:002340) net profit attributable to shareholders in the first quarter rose 2.2% to 522.4 million yuan from 511.3 million yuan a year earlier, according to a Shenzhen bourse filing on Thursday.Earnings per share were flat year on year at 0.10 yuan.The waste resource comprehensive utilization company's operating revenue increased 5.1% to 9.98 billion yuan from 9.50 billion yuan in the preceding year.

SHE:002340

Research55d ago

Research Alert: CFRA Keeps Hold Opinion On Shares Of Qiagen

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our target price to USD36 from USD54, and we trim our EPS estimates to USD2.45 from USD2.53 for 2026 and to USD2.64 from USD2.74 for 2027 in light of the guidance cut. The target price implies a 2026 P/E of 14.7x, below its historical average of 20x-22x to reflect headwinds on its key growth contributor QuantiFERON. Qiagen's preliminary Q1 2026 net sales fell 1% CER, missing the company's outlook for at least 1% growth, dragged by QuantiFERON (-5% CER) due to reduced immigration testing demand in the U.S. and Middle East. Given the slow start to the year, Qiagen downgraded 2026 guidance to 1%-2% CER sales growth from at least 5% and adjusted EPS to at least USD2.43 CER from USD2.50. We view the sales miss and lowered outlook as disappointing. We still see QuantiFERON as a main growth contributor over the long term, thus monitoring progress in other patient testing groups remains key. Full Q1 results are scheduled for May 6, 2026.

$QGEN

Research55d ago

Research Alert: CFRA Reiterates Hold Opinion On Shares Of The Southern Company

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target by $1 to $101, 22.0x our next-12-month EPS view of $4.59, above its five-year forward average of 19.7x. We lift our 2026 EPS view by $0.02 to $4.57 and initiate our 2027 EPS view at $4.92. SO announced that 23 GW of its 75+ GW large-load pipeline are either contracted (11 GW) or in late-stage/finalizing phases (12 GW), with data centers representing most of this activity. We think the sizable pipeline provides strong visibility into sustained 8%+ rate base growth through 2030 and beyond, above its historical 5-6% growth. In our view, the $26.5B DOE loan de-risks the company's capital structure, as these loans provide low-cost (Treasury +37.5 bps), long-duration (30-year) capital that removes refinancing risk for the majority of the 10 GW of new regulated generation currently under construction. We see EPS growth (~7.3% CAGR from 2025 to 2030) approximating that of its peers, but we anticipate that dividend growth, at just a 3.2% CAGR, will trail peers over the same time span.

$SO

Equities55d ago

Sable Offshore CEO Awarded $76 Million Despite No Oil Sales in 2025

Sable Offshore (SOC) awarded Chief Executive Jim Flores a $76 million compensation package in 2025, according to a regulatory filing on Thursday.This was despite the California oil driller not selling any crude during the year, Bloomberg reported.The package was largely driven by more than $69 million in stock awards, along with a $1.3 million salary and a $3.9 million bonus, according to the regulatory filing.Flores earned $1.7 million in 2024 with no stock awards.

$SOC

Asia55d ago

Scentre Group Completes Over $1 Billion Tender Offer for Subordinated Notes Due 2030

Scentre Group (ASX:SCG) completed its $1.31 billion tender offer for non-call subordinated notes due 2030, with about $1.17 billion successfully tendered, according to a Friday Australian bourse filing.The settlement is scheduled for May 5, after which the company plans to redeem the remaining notes at par, with liquidity expected to be around AU$3.2 billion post-redemption, per the filing.The company maintained its 2026 target for funds from operations of at least AU$0.2373 per security, reflecting a minimum 4% annual growth, and also expects distributions to increase by 4% to AU$0.1843 per security, the filing added.

ASX:SCG

Asia55d ago

Daito Trust Construction's Profit Edges Up 5.5% in Fiscal Year 2025

Daito Trust Construction's (TYO:1878) profit attributable to owners of the parent rose 5.5% to 99.03 billion yen for the fiscal year 2025 from 93.86 billion yen a year earlier.The construction firm's earnings per share increased to 298.96 yen from 285.22 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales increased 7.7% to 1.985 trillion yen for the full year ended March 31 from 1.842 trillion yen in the prior year.In a separate filing, the company raised its final dividend to 82 yen per share, from the initial forecast of 74.60 yen, payable from June 27.For the fiscal year 2026, the company expects attributable profit of 108 billion yen, basic EPS of 326 yen and net sales of 2.050 trillion yen.Daito Trust Construction plans to pay interim and year-end dividends of 81 yen and 82 yen per share, respectively, for the fiscal year ending March 31, 2027.

TYO:1878

Asia55d ago

Collins Foods Confirms Partnership Arrangement Condition Met for Taco Bell Transition

Collins Foods (ASX:CKF) said conditions precedent for the transition of 20 Taco Bell restaurants to a new partnership arrangement between an affiliated company of Taco Bell and Restaurant Brands Australia have been satisfied, according to a Friday Australian bourse filing.The company said the transaction remains subject to other customary conditions, including landlord consents, a store-based employment threshold, and Australian Competition and Consumer Commission (ACCC) clearance, with completion expected between June and August, depending on regulatory approval timelines.

ASX:CKF

Asia55d ago

NZX Q1 Revenue Rises 5%

NZX (NZE:NZX) reported first-quarter revenue of NZ$32.7 million, up 5% from NZ$31.1 million in the year-ago period, according to a Friday filing on the bourse.The number of total listed securities on the exchange as of March 31 fell 1.8% year over year to 323, per the filing.

NZE:NZX

Asia55d ago

Avita Medical Appoints CEO, Chair

Avita Medical (ASX:AVH) has appointed Cary Vance as chief executive, effective immediately, according to a Friday Australian bourse filing.Vance has been acting as interim CEO since October 2025, per the filing.The company also appointed Jan Stern Reed as chair with immediate effect, the filing added.

ASX:AVH

International55d ago

Australia's April Home Value Index Posts Slowest Pace of Growth Since January 2025, Cotality Says

Australia's home value index edged 0.3% higher in April, registering its slowest pace of growth since January 2025 amid declines in Sydney and Melbourne, according to figures from Cotality released Friday.All capital cities in Australia recorded a deceleration in growth during April, with home values declining 0.6% in Sydney and Melbourne. Sydney values are now 1% below their November 2025 peak, while Melbourne values are 2.3% below a high seen in March 2022.Brisbane, Adelaide, and Darwin also saw a slowdown in growth, although values still rose by more than 1% month over month in each city.Softer housing conditions came alongside a slowdown in buyer demand, and an imbalance between demand and supply is also evident in auction clearance rates, which have stayed below 55% since the last week of March."The housing market was losing momentum from late last year as affordability and serviceability constraints weighed on demand," said Cotality Research Director Tim Lawless. "Now we have the additional downside pressure of higher interest rates, sentiment has fallen off a cliff, and rising inflation is set to drive the cost of debt even higher."

ASX 200

Asia55d ago

Chengxin Lithium Returns to Profit in Q1

Chengxin Lithium (SHE:002240) reported a net profit attributable to shareholders of 464 million yuan in the first quarter, reversing the year-ago attributable loss of 154.7 million yuan, according to a Shenzhen bourse filing on Tuesday.Earnings per share were 0.51 yuan against the loss per share of 0.17 yuan a year earlier.The lithium company's operating revenue surged 379% to 3.28 billion yuan from 686.2 million yuan in the previous year.

SHE:002240

Asia55d ago

Mineral Resources Signs Investment, Shareholders Deals With South Korea's Posco Holdings for Lithium JV

Mineral Resources (ASX:MIN) signed investment and shareholders agreements with South Korea's Posco Holdings, enabling Posco to take a 30% stake in a newly incorporated joint venture (JV), LithCo, according to a Friday filing with the Australian bourse.LithCo will hold Mineral Resources' existing 50% interests in the Wodgina and Mt Marion lithium mines, both located in Western Australia, per the filing.The transaction remains subject to final long-form agreements, offtake and marketing arrangements, and regulatory approvals, including foreign investment review board and merger clearances, the filing said.Completion is now anticipated in the first half of 2027, taking into account the approval timelines and the necessary corporate restructuring to form the joint venture, the filing added.

ASX:MIN

Asia55d ago

NGK's Net Income Climbs 9% in Fiscal Year 2025

NGK's (TYO:5333) net income attributable to owners of the parent rose 9.1% to 59.94 billion yen for the fiscal year 2025 from 54.93 billion yen a year earlier.The battery storage manufacturer's earnings per share increased to 206.02 yen from 185.66 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales climbed 8.2% to 670.1 billion yen for the full year ended March 31 from 619.5 billion yen in the prior year.The company declared a final dividend of 42 yen per share, payable from June 30.For the fiscal year 2026, the company expects attributable net income of 82 billion yen, net income per share of 290.67 yen, and net sales of 710 billion yen.NGK projects to pay higher interim and year-end dividends of 53 yen per share each for the fiscal year ending March 31, 2027.

TYO:5333

Asia55d ago

Geopacific Resources CEO Steps Down, Appoints Managing Director

Geopacific Resources (ASX:GPR) said James Fox decided to step down as Chief Executive Officer, effective April 30, and Hamish Bohannan was appointed Managing Director, effective May 1, according to a Friday Australian bourse filing.Rowan Johnston was appointed as its non-executive chairman, effective May 1, with Chairman Graham Ascough transitioning to non-executive director.

ASX:GPR

International55d ago

New Zealand Home Values Extend Third Monthly Upward Streak in April, Says Cotality

Property values across New Zealand extended a third consecutive monthly rise in April, in a slight surprise, edging up 0.1%, despite a soft start to the year for sales volumes and the Middle East conflict weighing on global economies, property valuation firm Cotality said Friday.According to the Cotality NZ's latest Home Value Index, the national median value of $809,101 in April notched up 0.6% from January but remained nearly 17% below the peak seen in 2022.Growth remains uneven across the country, with major cities Auckland and Wellington still witnessing minor declines of 0.1%. In contrast, house prices in Dunedin and Hamilton rose 0.8% and 0.3%, respectively."The bottom line is that the housing market broadly remains in a holding pattern, with buyers enjoying current conditions - or at least those that are secure in their jobs," said ‍Kelvin Davidson, Cotality NZ Chief Property Economist.The central bank is watching closely for any signs of second-round price effects from the Middle East conflict, particularly in wage demands or raised inflation expectations, amid a growing view that it may raise the Official Cash Rate as soon as July.Nevertheless, it would not be a surprise for mortgage rates to gradually rise, with modest house price increases flattening or even reversing, Davidson added.

^NZ50

Equities55d ago

Iran Leader Defies US Blockade as Oil Prices Hit Four-Year High

Iran's supreme leader Mojtaba Khamenei said Thursday the United States had suffered a "disgraceful defeat," rejecting Donald Trump's warning that a naval blockade could remain in place for months, AFP reported.Oil prices briefly surged to a four-year high amid escalating tensions before easing, as Iran maintained control over shipping in the Strait of Hormuz following the outbreak of conflict in February.In a statement read on state television, Khamenei said a "new chapter" was unfolding for the Persian Gulf and claimed regional powers no longer needed outside intervention, warning foreign actors had "no place" in the region.The US imposed a blockade on Iranian ports two weeks ago and is now working to build an international coalition to ensure safe passage through Hormuz while sustaining pressure on Tehran, a State Department official told AFP.

Research55d ago

Research Alert: CFRA Reiterates Sell Opinion On Shares Of Hilton Worldwide Holdings Inc

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month price target by $9 to $293, or 32x our 2026 EPS estimate (unchanged) and in line with shares' five-year average forward multiple. We raise our 2026 EPS estimate to $9.16 from $8.88 and lower 2027's to $10.03 from $10.20. Following Q1 results that beat expectations and included raised guidance, we maintain our 2-STARS (Sell) rating. U.S. RevPAR performance broadened from primarily luxury and upper upscale segments to include more meaningful midscale contribution, which management attributes to the return of middle- and low-income consumers. However, we note Q1 results also included ADR deceleration, particularly among luxury hotels, which historically drive significant profit contribution. HLT's Q2 EBITDA guidance of $1,015-$1,035 million being below the $1,081 million consensus suggests luxury pricing power is weakening faster than midscale volume can offset. While the broadening demand trend is positive, we believe slowing luxury tailwinds limit upside at current valuation levels.

$HLT

Research55d ago

Research Alert: CFRA Maintains Buy Rating On Shares Of Universal Health Services

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month price target to $200 from $243, reflecting an 8.7x multiple of our 2026 EPS estimate, below peer multiples and a discount to UHS's five-year historical forward average of 11.9x. We lower our 2026 EPS forecast to $22.95 from $23.39 and cut our 2027 view to $25.48 from $25.67. Q1 inpatient volumes were flat on a same-facility basis, with seasonal headwinds from unfavorable winter weather and a milder flu/respiratory illness period. The recent expiration of ACA EPTCs also posed challenges, as UHS estimates a near 5% drop in ACA adjusted admissions relative to Q1 2025. UHS maintained its prior forecast of a 25%-30% decline in ACA exchange volumes during the full year, which represented around 6% of the acute care business adjusted admissions in 2025 and under 5% of the acute care segment revenues. UHS anticipates a $75M pre-tax earnings hit in 2026 from these developments, unchanged from prior guidance.

$UHS

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