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Hunting PLC Q1 Order Book Falls

Hunting PLC (HTG.L) said Wednesday its sales order book for the first quarter declined year over year.The precision engineering company's sales order book for the three months ended March 31 was $365.3 million, compared with $439.3 million a year earlier.Meanwhile, the company expects "minimal" impact on its current year profitability from the Middle East conflict.

$HTG.L

Asia92d ago

Onehealth to Acquire Stake in Textile Maker for 582 Million Yuan

Meinian Onehealth Healthcare (SHE:002044) plans to acquire 16.4% of textile manufacturer Zhejiang Bangjie Holding Group for 582.3 million yuan, according to a Shenzhen bourse filing on Wednesday.The healthcare services provider aims to obtain control of Bangjie Holding after its restructuring.The stake represents 180 million shares.Onehealth's shares rose 2% during the afternoon trade.

SHE:002044

Asia92d ago

Nanya Technology Buys Factory Equipment Worth NT$307 Million; Shares Drop 4%

Nanya Technology (TPE:2408) approved the acquisition of a batch of factory equipment worth NT$307.2 million, according to a Tuesday Taiwan Exchange filing.Shares dropped about 4% in Wednesday's midday trade.The equipment will be supplied by a related party, Formosa Smart Energy Tech, and will be used for production and operational purposes.The company said the purchase is part of normal operational needs.

TPE:2408

International92d ago

French Annual Inflation Accelerates to 1.7% in January, Final Data Confirms

As expected, France's annual inflation rate climbed to 1.7% in March, from 0.9% in February, final data from statistics agency Insee showed Wednesday.On a monthly basis, consumer prices were 1% higher, compared with the flash estimate of a 0.9% growth and the prior 0.6% gain.The annual harmonized inflation rate stood at 2% from 1.1%, against the preliminary reading of 1.9%. Month over month, harmonized consumer prices rose 1.1%, confirming the preliminary data, compared with the previous 0.7% uptick.

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Asia92d ago

GD Power Development Plans Renewal of Financial Services Deal With Related Party

GD Power Development (SHA:600795) plans to renew a three-year financial services deal with CHN Energy Finance, a subsidiary of controlling shareholder CHN Energy Group.The deal sets daily limits of 100 billion yuan for direct loans and bill services, 40 billion yuan for deposits and 20 billion yuan for entrusted loans, according to a Wednesday filing with the Shanghai bourse.Total annual service fees are capped at 50 million yuan.Shares of the power generation and project development company rose 1% in recent trade.

SHA:600795

Research92d ago

Research Alert: Asml Beats And Raises On Impressive Memory Demand; China Exposure Down Sharply

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:ASML posted Q1 2026 sales of EUR8.77B (+13% Y/Y), beating consensus EUR8.68B, with EPS of EUR7.15 (+19% Y/Y) surpassing consensus EUR6.62 by 8%. Gross margin of 53.0% hit the high end of guidance (51%-53%) as the high-margin Installed Base business outperformed expectations, likely helped by robust upgrade activity (which should continue). Memory contributed 51% of net system sales (vs. 30% in Q4) as demand continues strengthening, supported by AI demand, the ongoing memory shortage, and rising EUV penetration. 2026 revenue guidance was upped to ~EUR38B (+16.3%) from EUR36.5B, due to an improved non-EUV outlook despite elevated uncertainty. Management expects EUV capacity expansion to 60+ Low NA systems in 2026 (vs. ~50 in 2025) and 80+ by 2027, which we think provides a major growth lever beyond pricing/throughput progress that drove results in 2025. China exposure dropped meaningfully to 19% of Q1 sales (vs. 36% in Q4), while South Korea surged to 45% (vs. 22%), reflecting accelerating memory maker demand.

$ASML

Asia92d ago

Gan & Lee Pharmaceuticals' Subsidiary Doses First Subject for Phase III of GZR33 Injection Trial; Shares Up 3%

Gan & Lee Pharmaceuticals' (SHA:603087) subsidiary, Gan & Lee Pharmaceuticals Shandong, dosed the first subject for the phase III clinical trial of GZR33 injection, according to a Shanghai bourse filing on Wednesday.The drug is being tested as a treatment for type 2 diabetes.The pharmaceutical company's shares rose less than 3% during the afternoon trade.

SHA:603087

Asia92d ago

Hua Nan Financial Logs NT$2.6 Billion Profit in March; Shares Gain 3%

Hua Nan Financial (TPE:2880) booked consolidated after-tax profit of NT$2.56 billion in March, according to a Tuesday Taiwan Exchange filing.Shares gained 3% in Wednesday's midday trade.For the first quarter, the company's profit stood at NT$7.66 billion, or NT$0.55 per share, the filing said.

TPE:2880

Asia92d ago

Correction: GD Power Development 2025 Profit Down 27%, Revenue Slips 5%

(Corrects the headline to fix a typo)GD Power Development (SHA:600795) posted 2025 attributable net profit of 7.16 billion yuan, down 27% from 9.83 billion yuan the previous year.Earnings per share slid to 0.402 yuan from 0.551 yuan, according to a Wednesday filing with the Shanghai bourse.Operating revenue slipped 5.0% year over year to 170.2 billion yuan from 179.2 billion yuan.Shares of the power generation and project development company rose 2% in recent trade.

SHA:600795

Asia92d ago

Geovis Technology to Sell Equity in Subsidiary

Geovis Technology (SHA:688568) plans to sell its 30% equity in its subsidiary, Geovis Ruicloud Technology, through public listing, according to a Shanghai bourse filing on Wednesday.The initial listing price is 11.1 million yuan.The Chinese big data system developer's shares fell 2% during the afternoon trade.

SHA:688568

Asia92d ago

GAIL (India) Plans to Invest INR38 Billion for 700MW Solar Power Projects in India

State-owned natural gas trader GAIL (India) (NSE:GAIL, BOM:532155) has earmarked an investment of 38 billion Indian rupees in 700 MW solar power projects in the Indian states of Uttar Pradesh and Maharashtra, according to a Wednesday filing to the Indian stock exchanges.Under the initiative, GAIL will develop a 600 MW solar power project along with a 550 MWh battery energy storage system (BESS) at TUSCO Solar Park Jhansi in Uttar Pradesh. This project will target providing the captive energy requirements of GAIL's petrochemical plant at Pata in the Auraiya district.The company will also set up a 100 MW solar power project with a 22 MWh BESS in Chhatrapati Sambhaji Nagar district in Maharashtra, to mainly serve the captive requirements of GAIL's PDH-PP plant at Usar in the Raigad district.GAIL's shares were up nearly 2% in recent trade.

BOM:532155NSE:GAIL

Oil & Energy92d ago

US LNG Tanker Departures Hit New High in March as Importers Seek Alternatives to Middle East, RBC Says

Tanker departures, carrying US liquefied natural gas, to import markets reached a new high in March amid disruption to supplies of Middle Eastern origin, RBC Capital Markets said on Tuesday, based on data from a new US LNG shipment monitor it is establishing.RBC said it estimates that 43% of departures with an undeclared destination were bound for Europe. Shipments destined for Asia doubled month over month while Europe remains the destination for most departing cargoes.Asia-Pacific is likely to increase demand as a result of losses of some Middle Eastern cargoes, RBC noted.It said with about 83% of Qatari LNG export capacity intact, the country will still need 4-6 weeks to ramp up movements while the remaining 17% of export capacity will take years to restore.Among new capacity additions in the US, Golden Pass has now produced its first cargo while Corpus Christ Stage 3 Train 5, with 1.5 million tons per annum capacity, was largely completed by March 27th, slightly ahead of schedule.RBC said it expects Corpus Christi Stage 3 Trains 6 and 7, each with the same capacity as Train 5, to be largely complete over the summer to autumn period.The Sabine Pass Train 7 has now established commercial contracts and Calcasieu Pass 2 Phase 2 reached a final investment decision in mid-March.RBC's data counted 145 LNG tanker departures in March, a record and a 23% increase over and above February's count.The increase was achieved in part by producers making use of small amounts of unused production capacity, to maximize output as demand rises amid the global supply shock.RBC said third-party tracking data will later help confirm its expectation that a growing number of cargoes will head to Asia amid a "scramble" for swing cargoes and due to arbitrage opportunities that have arisen.The research note said that all 36 trains are producing LNG at the major Plaquemines facility, with expectations of 2026 production of around 26 million tons, later rising to 28 million.The installation is currently commissioning, with contracts starting in Q4 for its Phase 1, 13.3 million tons per annum section. Phase 2 with 6.7 mtpa will start commissioning around mid-2027, RBC said.

Asia92d ago

Australian Shares Flat; Virgin Australia Says Fiscal Year 2026 Guidance Unchanged, Fiscal H2 EBIT Expected to Rise

Australian shares were flat with a positive bias on Wednesday's close as investors weighed reports of a second round of peace talks between the US and Iran.The S&P/ASX 200 Index was little changed to close at 8,978.70.US President Donald Trump said talks with Iran could resume in Pakistan over the next two days, even as a US naval blockade ⁠on Iranian ports continued. Brent crude oil futures rose 1% to $95.77 per barrel.On Wall Street, the Nasdaq was up nearly 2% on Tuesday, and the S&P 500 climbed 1.2%.On the domestic front, the International Monetary Fund (IMF) cut its economic growth projections for Australia, with gross domestic product (GDP) growth rate now expected to come in at 2% in 2026, compared with the previous forecast of 2.1%, and 1.7% in 2027, down from the earlier forecast of 2.2%.Australia's private sector credit is projected to grow by 7.2% year over year this year, tracking at its fastest pace since 2022, before slowing to 5.7% year-over-year by late 2027, ANZ said in a report.Australian consumer spending rose 2.1% in March, month-on-month, driven by a sharp increase in fuel spending due to higher prices, according to NAB's consumer spend trend report.In company news, Virgin Australia Holdings (ASX:VGN) said that its fiscal year 2026 financial guidance remains unchanged, with the underlying earnings before interest and taxes (EBIT) and underlying EBIT margin in the second half expected to be higher than the prior-year period. Its shares were up 7% on market close.Mesoblast (ASX:MSB) acquired an exclusive license to a patented chimeric antigen receptor technology platform to boost the effectiveness of its products. Its shares rose 7% at close.Lastly, Yancoal Australia (ASX:YAL) said that it entered into binding transaction documentation with EMR Capital Advisors, Kestrel Coal (EMR), Adaro Capital, and EMR Capital Management to acquire Kestrel Coal Group, which holds an 80% interest in the Kestrel coal mine joint venture in Queensland, for up to $2.4 billion. Its shares closed down 2%.

ASX 200ASX:MSBASX:VGNASX:YAL

Asia92d ago

Market Chatter: Indonesia to Procure Crude Oil, LNG from Russia

Russia has agreed to supply crude oil and liquefied petroleum gas (LPG) to Indonesia following high-level talks in Moscow for strengthening energy cooperation, the Jakarta Globe reported Tuesday, citing Indonesia's Energy and Mineral Resources Minister Bahlil Lahadalia.The deal follows discussions between Indonesian President Prabowo Subianto and Russian President Vladimir Putin, with both sides also exploring broader cooperation in storage, refinery development and power generation, according to the report.The partnership is being pursued through both government and private-sector channels, with Russian energy firms including Rosneft, Lukoil and Zarubezhneft involved in talks. Supply volumes, however, were not disclosed, the report said.(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.)

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Asia92d ago

Markolines Pavement Clinches New Orders Worth INR294 Million for Sports Infra

Markolines Pavement Technologies (BOM:543364) has secured multiple work orders worth 293.8 million Indian rupees from the Sports Authority of Andhra Pradesh, India, for the development of sports infrastructure, according to a BSE filing to the Indian stock exchanges on Wednesday.The first contract worth 169.5 million rupees is for the development and upgradation of the Indira Gandhi Municipal Corporation Stadium in Vijayawada.The company also received an order of 124.2 million rupees for the construction of an indoor hall in Vijayawada.The company's shares were up over 2% in recent trade.

BOM:543364

Asia92d ago

Market Chatter: Victory Giant Technology Set to Price Hong Kong IPO at Top End

Victory Giant Technology (HKG:2476, SHE:300476) is expected to price its Hong Kong initial public offering at HK$209.88 per share, the top of its indicated range, Bloomberg News reported Wednesday, citing people familiar with the matter.The Chinese printed circuit board maker is also considering an option to increase the deal size to as much as $2.6 billion, the report said.The company launched the Hong Kong offering on Monday, seeking to raise up to HK$17.5 billion in one of the city's largest listings this year, despite market volatility driven by tensions in the Middle East.(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:2476SHE:300476

Asia92d ago

Easy Trip Planners Tie-Ups with Brazilian Firms to Boost Latin America Presence; Shares Up 4%

Online travel technology company Easy Trip Planners (NSE:EASEMYTRIP, BOM:543272) has expanded its presence in Latin America by signing multiple memorandums of understanding with corporate and institutional partners in Brazil, according to a Wednesday filing to the Indian stock exchanges.The company has signed MoUs with various corporates such as AGK Corretora de Cmbio, Neo Sector, AMVALE - Associação dos Municípios do Vale do Rio Grande, DATAGRO, X3 - Brazil, and Lummio Technologia, to explore opportunities within Brazil's corporate travel ecosystem.Through these tie-ups, Easy Trip will work closely with its partners to support the travel requirements of Brazilian organizations through its technology-driven platform.The company's shares were up over 4% in recent trade.

BOM:543272NSE:EASEMYTRIP

Equities92d ago

Tasnee Flags Maintenance Delay at JV Plant Amid Global Supply Chain Disruptions

National Industrialization Co. (SASE:2060), d/b/a Tasnee, said Wednesday the scheduled maintenance at its ethylene and polyethylene plant was delayed due to global supply chain disruptions.The Saudi Arabia-listed petrochemical company will announce a revised start date in due course, adding that the financial impact of the shutdown will be reflected in its first and second-quarter earnings.Tasnee owns a 60% stake in the facility, which operates as a joint venture.

SASE:2060

Asia92d ago

PMB Technology Seeks Fresh Mandates for Share Buy-Backs, Related Party Transactions

PMB Technology (KLSE:PMBTECH) is seeking to renew its authorization to conduct revenue-generating transactions at its upcoming annual general meeting, according to a Tuesday Malaysian bourse filing.Shares gained over 2% in Wednesday's midday trade.The tech firm is also seeking its shareholders' nod to renew authority to repurchase the issued shares of the company.PMB Technology will share a statement containing details of the plans with shareholders in due time, it noted.

KLSE:PMBTECH

International92d ago

Saudi Arabia's Annual Inflation Rate Rises to 1.8% in March

Saudi Arabia's annual inflation rate came in at 1.8% in March, up from 1.7% in February, the country's General Authority for Statistics said Wednesday.On a monthly basis, consumer prices in Saudi Arabia were 0.3% higher, compared with the previous zero growth.

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Showing 53961-53980 of 56452

Oil & Energy92d ago