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Australia's CPI Rises 4.6% in Year to March Versus 3.7% in Year to February

Turaco Gold Boosts Mineral Resource Estimate for Côte d'Ivoire Project; Shares Rise 3%

Turaco Gold (ASX:TCG) said the mineral resource estimate for its Afema project in Côte d'Ivoire has increased to 4.65 million ounces of gold, adding 590,000 ounces since October 2025 for a roughly 15% rise, according to a Wednesday filing with the Australian bourse.The growth came alongside a 23% increase in indicated resources, which "significantly" improves resource confidence and supports the pre-feasibility study for the project, the company said.The mineral resource estimate comprises several deposits located within a roughly 10-kilometer project radius, including the 1.7 million-ounce Woulo Woulo deposit and the 1.32 million-ounce Asupiri deposit, per the filing."Importantly, all deposits within the Afema project remain open, highlighting strong potential for continued resource growth," Turaco Gold said.The company's shares gained 3% in recent Wednesday trade.

ASX:TCG

Asia55d ago

Catalyst Metals Posts Higher Gold Production in March Quarter; Shares Down 4%

Catalyst Metals (ASX:CYL) produced 26,127 ounces of gold in the March quarter at an average all-in sustaining cost (AISC) of AU$2,901 per ounce produced and AU$2,853 per ounce sold, according to a Wednesday filing with the Australian bourse.The company produced 24,329 ounces of gold at an average AISC of AU$2,765 per ounce in March 2025, an earlier filing showed.The company reaffirmed its fiscal-year production guidance of 100,000 ounces to 110,000 ounces, and upgraded its AISC forecast to AU$2,750 per ounce to AU$2,950 per ounce of gold sold from the previous range of AU$2,200 per ounce to AU$2,650 per ounce, the filing said.Shares fell 4% in morning trade on Wednesday.

ASX:CYL

Asia55d ago

Sprintex Signs Exclusive Saudi Arabia Distribution Agreement With Washnah

Sprintex (ASX:SIX) said it has entered into an exclusive distribution agreement with Washnah for the supply of its G-Series, GA, and GR high-speed jet blowers across the entire Kingdom of Saudi Arabia, according to a Wednesday Australian bourse filing.The company said the agreement appoints Washnah as its sole and exclusive distributor in Saudi Arabia, with performance-based exclusivity and minimum secured order commitments of $500,000 per year following regulatory approvals, with an initial term to March 31, 2029, and an option for a further two-year extension subject to milestone achievements.Washnah has also submitted a tender for the King Salman International Airport Wastewater Treatment Works using exclusively Sprintex high-speed turbo blowers, representing an opportunity of over AU$5 million based on the supply only of Sprintex blower content, the filing added.

ASX:SIX

Asia55d ago

Sunmi Technology Nets HK$922 Million in Hong Kong IPO Ahead of Debut

Shanghai Sunmi Technology (HKG:6810) raised HK$922 million in net proceeds from its initial public offering in Hong Kong.The offer price was set at HK$24.86 per H-share, according to a Tuesday after-market filing with the Hong Kong Stock Exchange.The China-based business IoT services provider offered 42.6 million H-shares in the global offering.The Hong Kong public offer was 2,003.16 times subscribed, with a final allocation of 4.3 million shares, representing 10% of the total offering.The international offering was 7.91 times subscribed, with a final allocation of 38.4 million shares, or 90% of the total offering.Cornerstone investors, including China Orient Enhanced Income Fund and Xinwutang, were allotted a combined 11.5 million shares, according to the filing.Shanghai Sunmi Technology is scheduled to debut on the Hong Kong bourse on Wednesday, April 29.

HKG:6810

Asia55d ago

China Merchants Bank's Q1 Profit Rises 1.5%, Net Interest Income Up 5%

China Merchants Bank (SHA:600036, HKG:3968) posted a 1.5% increase in attributable net profit in the first quarter to 37.9 billion yuan from 37.3 billion yuan, according to filings with the Shanghai and Hong Kong bourses late Tuesday.Earnings per share edged up to 1.49 yuan from 1.48 yuan.Operating income climbed 3.9% to 87 billion yuan from 83.7 billion yuan. Net interest income rose 5% to 55.6 billion yuan from 53 billion yuan.

HKG:3968SHA:600036

Asia55d ago

Foxconn Industrial Internet's Q1 Profit Doubles; Revenue Misses Estimate

Foxconn Industrial Internet (SHA:601138) reported a 109% jump in net profit in the first quarter to 10.6 billion yuan from 5.23 billion yuan, according to a Shanghai Stock Exchange filing on Wednesday.Earnings per share doubled to 0.53 yuan from 0.26 yuan, missing the median forecast of 0.64 yuan by analysts polled by Visible Alpha.Revenue surged 56.5% to 251 billion yuan from 160 billion yuan, also missing the Visible Alpha estimate of 271 billion yuan.The electrical equipment manufacturer attributed the revenue growth to the continued surge in demand for AI computing power, as well as the steady increase in market share of its major clients.

SHA:601138

Asia55d ago

Finbar Group Completes Structural Works at Western Australia Development

Finbar Group's (ASX:FRI) construction of its Garden Towers development in Western Australia reached the topping-out stage with the completion of structural works, according to a Wednesday filing with the Australian bourse.Garden Towers comprises 330 residential units, with the 279 units sold to date representing AU$208 million by value, per the filing.Settlements are expected to start in the first half of fiscal 2027, subject to the completion of remaining construction and regulatory approvals.

ASX:FRI

Research55d ago

Research Alert: CFRA Reiterates Sell Opinion On Shares Of Starbucks Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our price target by $8 to $82, 30x our FY 27 (Sep.) EPS estimate and in line with its 10-year average forward multiple. We raise our FY 26 estimate to $2.26 from $2.21 and FY 27's to $2.74 from $2.64. Following FQ2 results that showed strong global comp growth acceleration to 6.2% (+710 bps), we reiterate our Sell opinion. Shares trade at 30x forward earnings, in line with their long-term average, suggesting the market expects this momentum through FY 27. Our model assumes SBUX meets its 5% global comp growth goal in FY 26, with margin expansion due to waning store investment costs, lower interest expenses, and improved international segment margins from the Boyu Capital China joint venture. We believe it will be difficult to sustain operating margin improvement on comp growth alone, with new store growth of just 0.8% in FQ3 potentially not inflecting higher until FY 28. At current valuation levels reflecting optimistic assumptions, we see limited upside and maintain our Sell rating.

$SBUX

Asia55d ago

Meteoric Resources Completes AU$40 Million Capital Raise; Shares Fall 4%

Meteoric Resources (ASX:MEI) completed its AU$40 million equity raising, issuing 235 million new fully paid ordinary shares at AU$0.17 apiece to institutional and sophisticated investors, according to a Wednesday filing with the Australian bourse.The funds will be used to support advancement and pre-development activities at the Caldeira rare earth ionic adsorption clay project to support a final investment decision within the year, the filing added.The company's shares fell 4% in recent Wednesday trade.

ASX:MEI

Asia55d ago

Ore Resources Starts Air Core Drilling Program at Western Australia Project

Ore Resources (ASX:OR3) started a 15,000-meter regional air core drilling program at its Coolgardie gold project in Western Australia, according to a Wednesday filing with the Australian bourse.The drilling will initially focus on the Burbanks East exploration area, targeting a 2.7-kilometer anomalous gold trend and other intrusion-related targets, per the filing.The program will later shift to drill testing high-priority regional prospects at the Miriam gold project, including systematic follow-up drill testing along a broader anomaly defining the Canyon prospect, where previous reverse circulation drilling confirmed a fertile gold system, the company said.Ore Resources expects assay results from the new air core drilling program starting from late May.

ASX:OR3

Research55d ago

Research Alert: Firstenergy Q1 Delivers 7.5% Eps Growth; Reaffirms Top-end Growth Targets

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:FirstEnergy delivered strong Q1 results with core EPS of $0.72, in line with consensus, and 7.5% EPS growth driven by formula rate investment returns. Revenue increased 10.5% to $4.2B with meaningful ROE improvement to 9.8%, supported by $1.4B in capital deployments (up 33%). Earnings growth was broad-based across segments, with Distribution leading at $0.03 per share contribution from higher rates and disciplined expense management, while transmission segments benefited from robust rate base expansion of 11-19%. Management reaffirmed 2026 core EPS guidance of $2.62-$2.82 and long-term growth targets near the top of the 6-8% CAGR range through 2030. The $36B Energize365 capital plan for 2026-2030 represents a 30% increase over the previous program and should drive ~10% compounded annual rate base growth. Customer demand showed modest improvement with weather-adjusted sales up 0.5%, while 90% of investment increases were in formula rate programs providing regulatory certainty.

$FE

Asia55d ago

MLG Oz Appoints Executive Chair

MLG Oz (ASX:MLG) has appointed Managing Director Murray Leahy as executive chair, succeeding Anna Neuling, effective immediately, according to a Wednesday Australian bourse filing.Mark Hatfield, who has served as acting chief executive officer since October 2025, will now assume the role of full-time CEO, the filing added.The company's shares fell around 2% in recent Wednesday trade.

ASX:MLG

Asia55d ago

Arafura Rare Earths Signs Subscription Agreements for Northern Territory Project in March Quarter

Arafura Rare Earths (ASX:ARU) executed agreements with Export Finance Australia and Kreditanstalt fur Wiederaufbau, on behalf of the German Raw Materials Fund, securing equity subscriptions amounting to AU$230 million in the quarter ended March 31 to support the Nolans project in the Northern Territory, according to a Wednesday filing with the Australian bourse.The company's Arafura Nolans Project subsidiary also finalized a compensation deed with ATAYF Pastoralists, the holder of the lease covering the project site, the filing said.Additionally, the company partnered with Clean TeQ Water (ASX:CNQ) to review alternative heavy rare earth separation technologies, per the filing.

ASX:ARUASX:CNQ

Asia55d ago

Mayne Pharma Group Reports Higher Fiscal Q3 Revenue

Mayne Pharma Group (ASX:MYX) reported unaudited fiscal third-quarter revenue of AU$85.2 million, up 1% from AU$84.3 million a year earlier, according to a Wednesday filing with the Australian bourse.The company also reported underlying loss before interest, taxes, depreciation, and amortization of AU$1.4 million, an improvement from a AU$3.3 million loss in the year-ago period.Mayne Pharma said it continues to evaluate capital allocation strategies, including a potential on-market share repurchase.

ASX:MYX

Asia55d ago

Woodside Energy Group Posts Lower Q1 Revenue, Production

Woodside Energy Group's (ASX:WDS) operating revenue fell to $3.26 billion in the first quarter ended March 31 from $3.32 billion a year earlier, according to a Wednesday filing with the Australian bourse.Total production in the March quarter fell year on year to 45.2 million barrels of oil equivalent (MMBoe) from 49.1 MMBoe, per the filing.Sales were 51.7 MMboe at an average realized price of $63 per barrel of oil, compared with 50.3 MMboe at $64 per barrel of oil in the prior corresponding period, the filing said.The company maintained its 2026 production guidance of 172 million to 186 million barrels of oil equivalent.The company's shares gained 1% in recent Wednesday trade.

ASX:WDS

Asia55d ago

BSP Financial Group's Unaudited Net Profit Jumps in March Quarter

BSP Financial Group's (ASX:BFL) unaudited net profit after tax for the first quarter came in at 278 million Papua New Guinean Kina, up nearly 15% from the 243 million Papua New Guinean Kina reported in the prior-year quarter, according to a Wednesday Australian bourse filing.Revenue rose nearly 19% to 900 million Papua New Guinea Kina from 760 million Papua New Guinea Kina year-over-year, while net interest income climbed almost 16%.Its capital adequacy ratio during the March quarter was around 24%, down 50 basis points year-over-year, but above regulatory requirements.It is approaching peak expenditure for the "Modernizing for Growth" program during 2026 and 2027, after which it expects its cost-to-income ratio to normalise within the 42% to 45% target range, its Chief Executive Mark Robinson said. The ratio was 45% in the first quarter.

ASX:BFL

Asia55d ago

Codan Raises Fiscal 2026 EBIT Guidance; Shares Climb 13%

Codan (ASX:CDA) now expects earnings before interest and tax (EBIT) for fiscal 2026 of about AU$235 million and net profit after tax of about AU$170 million, representing an increase of over 60% for both measures versus fiscal 2025, according to a Wednesday Australian bourse filing.The company said its communications business is expected to achieve revenue growth at the top end of the 15% to 20% range for the fiscal year, with the segment now expected to achieve a 30% profit margin, ahead of the previously targeted timeline of the end of fiscal 2027.Minelab revenue in the fiscal second half to date is tracking ahead of the strong first-half performance, with the group continuing to expect second-half performance to exceed the first half, the filing added.Codan will release its fiscal 2026 results on Aug. 20.The company's shares surged 13% in recent Wednesday trade.

ASX:CDA

Asia55d ago

Regis Healthcare Appoints Andrew Kinkade as CEO

Regis Healthcare (ASX:REG) appointed Andrew Kinkade as managing director and CEO, according to a Wednesday filing with the Australian bourse.Kinkade, currently the managing director of Bupa Villages & Aged Care, will succeed Linda Mellors, who has resigned and will complete her notice period on June 19.

ASX:REG

Asia55d ago

G8 Education to Suspend Operation of Around 40 Centers

G8 Education (ASX:GEM) plans to suspend the operation of around 40 of its centers as a result of an assessment of its network, according to a Wednesday Australian bourse filing.It will transition customers to one of the nearby centers and, where possible, redeploy team members. The firm will then consider longer-term options for those centers, including lease surrender, divestment, or other alternatives.The firm will also reorganize its support office structure and reduce its cost base.Its current spot occupancy as of April 24 came in at 56.4%, down 7% year-over-year, while year-to-date occupancy was 56.1%, down 7.9% versus the prior corresponding period.Occupancy across the early childhood education and care sector is lower compared to previous years due to sustained affordability pressures, falling birth rates, increased long-day care supply, and confidence impacted by serious child safety incidents, the filing noted.

ASX:GEM

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