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Northern Star Resources Reports 'Mixed' Result in March Quarter, Jarden Research Says

Northern Star Resources (ASX:NST) reported a "mixed" March quarter result, with operating metrics generally better than feared after the numerous guidance downgrades through the quarter, Jarden Research said in a Thursday note.The company produced 387,000 ounces of gold and sold 381,000 ounces at an all-in sustaining cost of AU$2,709 per ounce.However, financial outcomes were impacted by a poor gold price realization of AU$5,283 per ounce, about 24% below the prevailing average of AU$6,995 per ounce and 8% below Jarden estimates.The company's revenue of AU$2 billion subsequently came in at around 11% below consensus, but 5% above Jarden estimates.Jarden Research maintained its underweight rating on Northern Star Resources and lowered its price target to AU$22.30 from AU$22.50.Northern Star Resources shares fell 3% in afternoon trade on Friday.

ASX:NST

Asia55d ago

Tata Capital's Consolidated Profit Posts Gains in Fiscal Q4

Tata Capital's (NSE:TATACAP, BOM:544574) consolidated attributable profit rose to 15.0 billion Indian rupees from 10.5 billion rupees a year ago.The non-banking finance company's earnings per share came in at 3.54 rupees from 2.67 rupees a year earlier, according to a Thursday filing to the Indian bourses.Revenue from operations in fiscal Q4 increased to 81.6 billion rupees from 74.8 billion rupees a year ago.The company's board recommended a final dividend of 0.57 rupees per equity Share of face value of 10 rupees each, for the financial year ended March 31.

BOM:544574NSE:TATACAP

Asia55d ago

Nsing Technologies' Q1 2026 Loss Narrows

Nsing Technologies (HKG:2701; SHE:300077) recorded 15.7 million yuan in attributable loss for the first quarter of 2026, narrowing from a loss of 21.4 million yuan in the same quarter of 2025, according to a Hong Kong bourse filing Thursday.Shares of the integrated circuit design company fell nearly 3% in late morning Hong Kong trade on Friday.Loss per share was 0.02 yuan, compared with 0.04 yuan in the prior-year period.Total operating income rose to 394.8 million yuan from 304 million yuan a year earlier, figures showed.

HKG:2701SHE:300077

Asia55d ago

Frasers Centrepoint Trust Frasers Centrepoint Trust's DPU Up 1.4% in Fiscal H1

Frasers Centrepoint Trust's (SGX:J69U) distribution per unit or DPU rose 1.4% during the fiscal first half ended March 31 to SG$0.06136 from SG$0.06054 a year earlier, according to a Friday filing with the Singapore Exchange.Distribution to unitholders was up 14% to SG$125.0 million from SG$110.1 million.Net property income jumped 20% to SG$160.8 million compared with SG$133.7 million in the year-ago period.Gross revenue surged 20% year over year to SG$221.9 million from SG$184.4 million, backed by committed occupancy of 99.8%.Analysts quoted by Visible Alpha had projected a revenue of SG$219 million for the period.

SGX:J69U

Asia55d ago

Downer EDI's AU$400 Million Senior Unsecured Notes Receive 'BBB' Rating From Fitch

Downer EDI (ASX:DOW, NZE:DOW) received a "BBB" rating on its AU$400 million in 6.488% senior unsecured notes due April 2033, according to a Friday note from the credit ratings agency.Fitch said the key rating drivers include Downer's limited exposure to Middle-East conflict-driven cost pressure, restored free cash flow generation, and its expectation that the company's margin recovery will continue, among other drivers.The key rating-case assumptions include Fitch-defined revenue falling by around 5% in fiscal 2026 following the sale of non-core businesses, before rising by an average of 3% a year from fiscal 2027 to fiscal 2029.Downer EDI's Australian shares fell 1% in recent Friday trade.

ASX:DOWNZE:DOW

Asia55d ago

Shennan Circuit's Q1 Profit Jumps 73%, Revenue Rises 38%

Shennan Circuit's (SHE:002916) net profit attributable to shareholders in the first quarter jumped 73% to 850.2 million yuan from 491.4 million yuan a year earlier, according to a Shenzhen bourse filing on Friday.Earnings per share climbed 32% year on year to 1.27 yuan from 0.96 yuan.Operating revenue increased 38% to 6.60 billion yuan from 4.78 billion yuan in the previous year.The printed circuit board manufacturer's shares fell over 1% in late-morning trade Friday.

SHE:002916

Asia55d ago

SPIC's 2025 Profit Slips, 1%, Revenue Rises 2%; Shares Down 3%

SPIC Industry-Finance's (SHE:000958) net profit attributable to shareholders in 2025 slipped 0.7% year on year to 3.29 billion yuan, or 0.2541 yuan per share, according to a Shenzhen bourse filing on Friday.The attributable profit a year earlier was 3.32 billion yuan, or 0.2558 yuan per share.Total operating revenue rose 1.9% to 12.5 billion yuan from 12.2 billion yuan in the previous year.The Chinese heat and electricity supply services provider's shares fell over 3% during the morning trade.

SHE:000958

International55d ago

ANZ Expects Australia's Trimmed Mean Q1 CPI to Rise 0.9% Quarter-On-Quarter

Australia's trimmed mean inflation expectedly rose 0.9% quarter-on-quarter in the first quarter of the year, with a 3.6% year-on-year increase, said ANZ in a Friday report.The bank expects that the consumer price inflation rose 1.4% quarter on quarter and 4.1% year-on-year.The divergence between headline and trimmed mean inflation partly reflects the impact of higher fuel prices in March, the bank said, as it expects a 35% month-on-month rise in automotive fuel in March, leading to a headline inflation increase of 1.2% month on month in March.ANZ expects the second-round pass-through from higher fuel costs to start having a more material impact on consumer inflation from April.The quarterly data is likely to affirm for the Reserve Bank of Australia that the underlying inflation pressures are evident in the economy before the escalation of the Middle East conflict in late February, ANZ added.ANZ continues to expect a 25 basis points hike in May by the central bank, taking the cash rate to 4.35%.

ASX 200

Asia55d ago

China Frontier to Acquire Stake in Functional Materials Firm

China Frontier Technology Group (HKG:1661) said it agreed to acquire a 49% stake in Ningbo Qihe New Material Technology for 19.6 million yuan, according to a Hong Kong bourse filing Thursday.Shares of the sports culture group gained over 8% in morning trade Friday.The firm is acquiring the stake from Shenzhen Bochi Electronics for cash.Qihe New Material is focused on functional materials research and the acquisition is part of Frontier Technology's plan to diversify into the functional materials market.

HKG:1661

Asia55d ago

GenusPlus Group Secures AU$110 Million EPC Deal for South Australia BESS Project

GenusPlus Group (ASX:GNP) has secured a turnkey engineering, procurement, construction, and commissioning (EPC) contract worth around AU$110 million to deliver the balance of plant and a 200 megawatt system with 800 megawatt-hour of storage capacity for the Koolunga Battery Energy Storage System (BESS) project in South Australia, according to a Friday filing with the Australian bourse.The project will be connected to the electricity grid via a 1.2-kilometer high-voltage transmission line linking it to the 275-kilovolt Brinkworth substation, the filing said.The construction is set to start soon, with all approvals already in place, and completion targeted for September 2027, the filing added.The company's shares rose 2% in recent Friday trade.

ASX:GNP

Asia55d ago

Kingsoft Office Q1 Profit Jumps 445%, Revenue Up 24%

Beijing Kingsoft Office Software (SHA:688111) posted first-quarter attributable net profit of 2.20 billion yuan, up 445% from 402.8 million yuan the previous year.Earnings per share rose to 4.72 yuan from 0.87 yuan, according to a Friday filing with the Shanghai bourse.Operating revenue climbed 24% year over year to 1.61 billion yuan from 1.30 billion yuan.Shares of the software product distributor were down nearly 2% in recent trade.

SHA:688111

Asia55d ago

Market Chatter: Volvo Holds on to Plan to Build Electric Vehicle in US

Zhejiang Geely Holding Group-owned Volvo Cars continues to plan building a new electric vehicle in U.S. in late 2026, Nikkei Asia reported, citing an interview with CEO Hakan Samuelsson.According to the report, Volvo does not plan to walk back on the plan even after the Trump administration ended tax breaks for electric vehicle purchases.Volvo is an affiliate of Geely Automobile (HKG:0175).(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.)

HKG:0175

Asia55d ago

Elite UK REIT's Distributable Income Rises 9.8% in Q1

Elite UK REIT's (SGX:MXNU) distributable income rose by 9.8% in the first quarter to 5.3 million pounds from 4.8 million pounds a year earlier, according to a Friday filing with the Singapore Exchange.Net property income declined by 12% to 9.1 million pounds from 10.4 million pounds in the year-ago period.Revenue edged up 1.2% year over year to 9.4 million pounds, backed by portfolio occupancy of 99.9% and weighted average lease expiry of 6.9 years.

SGX:MXNU

Asia55d ago

Yunnan Aluminium's Q1 Profit Soars 269%, Revenue Rises 14%

Yunnan Aluminium's (SHE:000807) net profit attributable to shareholders in the first quarter soared 269% year on year to 3.60 billion yuan, or 1.038 yuan per share, according to a Shenzhen bourse filing on Friday.The attributable profit a year earlier was 974.4 million yuan, or 0.281 yuan per share.Operating revenue rose 14% to 16.4 billion yuan from 14.4 billion yuan in the prior year.The aluminum products manufacturer's shares rose less than 2% during the morning trade.

SHE:000807

Asia55d ago

Sarine Technologies Buys Back Shares

Sarine Technologies (SGX:U77) bought back 10,000 shares in the open market on Tuesday for SG$2,035 or SG$0.2 apiece, a Tuesday filing with the Singapore Exchange said.The chemicals company can repurchase 17.1 million shares under its new buyback mandate. To date, it has bought back 1.2 million shares.

SGX:U77

Asia55d ago

Nuix Shares Surge After Court Dismisses ASIC's Disclosure Case Against Company

Nuix (ASX:NXL) shares advanced nearly 12% in recent Friday trade after Australia's Federal Court on Thursday dismissed the Australian Securities and Investments Commission's (ASIC) disclosure obligations case against the company.The court dismissed the regulator's claim that Nuix made misleading or deceptive financial guidance disclosures to the market in 2021.The court ruled that the company had reasonable grounds to issue the guidance in question, and ordered the ASIC to cover Nuix's legal costs.

ASX:NXL

Asia55d ago

Hyundai Rotem Wins Three Phases of Vietnam Ho Chi Minh City MRT Line 2 Localization Project; Shares Jump 4%

Hyundai Rotem (KRX:064350) secured three phases of the Vietnam Ho Chi Minh City MRT Line 2 localization project from Truong Hai Group Corporation, according to two Friday filings with the Korea Exchange.The contract for the first phase of the project is valued at 156.6 billion won, while the second and third phases are valued at 334.5 billion won, the filings said.All three phases are expected to be completed by Dec. 31, 2032.Shares of Hyundai Rotem rose over 4% in recent trade.

KRX:064350

Asia55d ago

Golden Horse Minerals' Latest Drill Results Support Mineral Resource Estimate Growth, Euroz Hartleys Says

Golden Horse Minerals' (ASX:GHM) latest drilling results support growth for the maiden mineral resource estimate at its Hopes Hill project in Western Australia, Euroz Hartleys said in a Thursday note.The company reported high-grade gold mineralization, with results of up to 16 meters at 6.8 grams per tonne (g/t) grade of gold from 115 meters, including 1 meter at 98.4 g/t grade of gold.Results indicate a mineralized strike exceeding 2.5 kilometers, with a 125-kilometer drilling program and further targeting in progress.The project demonstrates promise for a "solid grading" open pit operation, with potential for underground development dependent on drilling results at depth, the financial services firm said.The company is considered as the sole gold explorer/developer with potential for scalable and economically viable gold ounces in the Southern Cross region, and with control over an entire greenstone belt, according to Euroz Hartleys.Euroz Hartleys reaffirmed its speculative buy recommendation and AU$1.17 price target on Golden Horse Minerals.Golden Horse Minerals shares rose 1% in midday trade Friday.

ASX:GHM

Asia55d ago

Power Construction of China 2025 Profit Down 17%, Revenue Climbs 2%

Power Construction of China (SHA:601669) posted 2025 attributable net profit of 10.0 billion yuan, down 17% from 12.0 billion yuan the previous year.Earnings per share slid to 0.5276 yuan from 0.6347 yuan, according to a Friday filing with the Shanghai bourse.Operating revenue climbed 1.9% year over year to 645.6 billion yuan from 633.7 billion yuan.Shares of the engineering construction company were down 2% in recent trade.

SHA:601669

International55d ago

Singapore's Private Residential Price Index Inches Up 0.9% in Q1

Singapore's overall private residential price index rose 0.9% in the first quarter of the year, up slightly from the 0.9% growth a year earlier, according to data released by the Urban Redevelopment Authority on Friday.Overall private residential index was marginally up by 0.3%.About 55,800 private residential units are expected to be delivered in the next few years.Meanwhile, prices of landed properties fell by 0.4%, following a 3.4% increase in the previous quarter.Rental prices of private residential properties were up 0.3% compared with a 0.5% decrease in the previous quarter.

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