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Nara Space Technology Wins KRW2 Billion Government Contract

Nara Space Technology (KOSDAQ:478340) secured a contract for a simulated satellite-ground control system from South Korea's Agency for Defense Development, according to a Monday filing with the Korea Exchange.ADD is a state-run institute dedicated to advancing South Korea's defense technologies.The contract, valued at 1.98 billion won, is valid till Aug. 31, 2028.Shares of Nara Space Technology jumped nearly 7% at market close.

KOSDAQ:478340

Asia93d ago

Npr-Riken Unit to Acquire Hastings to Expand Piston Ring Business

NPR-Riken (TYO:6209) said it will acquire all shares of Hastings Holding through its U.S. unit, aiming to strengthen its global piston ring business, according to a Monday filing on the Tokyo Stock Exchange.The acquisition will be carried out by Riken Corporation of America, making Hastings Holding a wholly owned subsidiary, the company said. Financial terms were not disclosed.Hastings Holding oversees manufacturing operations in the U.S. and Europe and owns the Hastings brand, which has a strong presence in the global piston ring aftermarket, particularly in North and Central America.NPR-RIKEN said the deal will complement its existing customer base and regional footprint, enhancing competitiveness and profitability through production and sourcing synergies.

TYO:6209

Research93d ago

HSBC Downgrades NIKE to Hold From Buy, Adjusts Price Target to $48 From $90

NIKE (NKE) has an average rating of overweight and mean price target of $61.18, 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://finwires.com/en/contact)

$NKE

Asia93d ago

Glp J-Reit Warns Investors of May Expiry for 2023 Distribution Claims

Glp J-Reit (TYO:3281) said the right to claim distributions for its fiscal period ended February 2023 will expire on May 18, according to a Monday filing on the Tokyo Stock Exchange.The trust said distribution claims lapse if unclaimed for three years from the payment start date, in line with its articles of incorporation.It added that distribution rights for the fiscal period ended August 2023 and subsequent periods will also expire after three years from their respective payment dates.

TYO:3281

Research93d ago

William O'Neil Initiates Coherent at Buy

Coherent (COHR) has an average rating of overweight and mean price target of $285.53, 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://finwires.com/en/contact)

$COHR

Asia93d ago

Singapore Shares Plummet, Track Regional Losses Following Collapse of US-Iran Peace Talks

Singapore shares sank on Monday, tracking broader regional losses after the US-Iran peace talks in Islamabad ended without a resolution.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,965.48 and 4,984.17 throughout the day. It ended the session at 4,984.17, down 5.24 points or 0.1% compared to Friday's close.Following the breakdown in discussions, the US military said that it will block all maritime traffic entering and exiting Iranian ports, with Tehran terming the US blockade as "illegal".On the corporate fund, shares of Mary Chia (SGX:5OX) slumped over 9% at the close as it received a statutory demand from Fullink Capital in respect of an alleged sum of around SG$902,640.Medtecs International (SGX:546) was down over 2% as the company pulled the plug on its joint venture with Shijiazhuang Hongray, following a strategic review of plans and prevailing market conditions.Meanwhile, CapitaLand Investment (SGX:9CI) closed its CapitaLand Asia Pacific Credit Program II (ACP II), securing $320 million in total equity commitments.

^STISGX:546SGX:5OXSGX:9CI

Research93d ago

Jefferies Upgrades Starbucks to Hold From Underperform, Adjusts Price Target to $92 From $86

Starbucks (SBUX) has an average rating of hold and mean price target of $100.16, 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://finwires.com/en/contact)

$SBUX

Research93d ago

KeyBanc Upgrades T-Mobile US to Overweight From Sector Weight, Price Target is $260

T-Mobile US (TMUS) has an average rating of overweight and mean price target of $266.74, 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://finwires.com/en/contact)

$TMUS

Research93d ago

Evercore ISI Upgrades PulteGroup to Outperform From In Line, Adjusts PT to $146 From $143

PulteGroup (PHM) has an average rating of overweight and mean price target of $137, 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://finwires.com/en/contact)

$PHM

Research93d ago

Evercore ISI Upgrades Masco to Outperform From In Line, Price Target is $78

Masco (MAS) has an average rating of overweight and mean price target of $78.17, 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://finwires.com/en/contact)

$MAS

Asia93d ago

Metaplanet Opens 60-Day ADR Fee Waiver for US Investors

Metaplanet (TYO:3350) said it has introduced a 60-day waiver on ADR issuance fees for its Sponsored Level 1 American Depositary Receipt program from April 13 to June 12, according to a Monday filing on the Tokyo Stock Exchange.The waiver applies to all investors converting existing F-shares or purchasing ADRs under the MPJPY ticker, with each receipt representing one ordinary share traded on the U.S. OTC market.The company said the move is aimed at improving accessibility and liquidity among U.S. investors, with ADRs settled through the Depository Trust Company system and supported by major broker platforms.

TYO:3350

Asia93d ago

Npr-Riken to Halt Japan Production of Key Casting Parts Amid Weak Demand

NPR-Riken (TYO:6209) said it will terminate domestic production of certain casting components, excluding camshafts, by September 2027 as part of a business portfolio review, according to a Monday filing on the Tokyo Stock Exchange.The move comes amid declining demand for cast iron automotive parts in Japan, driven by lower domestic vehicle production and a shift toward aluminum components and overseas sourcing.The affected business reported net sales of about 5.1 billion yen and an operating loss of 725 million yen for the fiscal year ended March 2025, accounting for roughly 3% of the company's consolidated revenue.

TYO:6209

Asia93d ago

Idom's Full-Year Profit Falls 11%

Idom's (TYO:7599) profit attributable to owners of the parent fell 11% to 11.9 billion yen for the fiscal year ended Feb. 28 from 13.4 billion yen a year earlier.The used car sales company's basic earnings per share declined to 118.66 yen from 133.93 yen a year ago, according to a Tokyo bourse filing on Monday.Net sales climbed 13% to 562.8 billion yen from 496.7 billion yen in the prior year.In a separate filing, Idom declared a final dividend of 20.17 yen per share, payable from May 27.The figure, which is lower than the most recent forecast of 21.92 yen and the 20.80 yen paid in the previous year, will be submitted for approval at the general shareholders' meeting on May 26.For the fiscal year ending Feb. 28, 2027, the company expects attributable profit of 14.2 billion yen, basic EPS of 141.42 yen, and net sales of 629 billion yen.Idom plans to pay interim and year-end dividends of 21.06 yen and 21.37 yen per share, respectively, for the year.

TYO:7599

Asia93d ago

Canadian Solar Infrastructure Fund Reports Power Outage at Fukuyama Plant

Canadian Solar Infrastructure Fund (TYO:9284) said power generation at its Fukuyama-shi plant has been suspended following a PCS failure, according to a Monday filing on the Tokyo Stock Exchange.The outage occurred on April 10 and has halted operations at the facility, which remains offline as restoration work is planned, the company said.The plant accounts for about 1.34% of the fund's total capacity, and the impact on overall rent income is expected to be limited.

TYO:9284

Commodities93d ago

Proenergy Divests 768-MW Generation Assets in Ercot to Texas Cooperative in $768 Million Deal

Proenergy said on Friday that it has closed the sale of its Braes Bayou and Brotman generating stations to the South Texas Electric Cooperative for $768 million.According to the company's press release, the Texas-based generating stations, which serve the Electric Reliability Council of Texas market, generate 768 megawatts of fast-start power, using the company's own manufactured equipment, which include the PE6000 turbines.Proenergy will continue to operate and maintain the plants under an agreement, as it has since they were developed through 2021 and 2023.

Asia93d ago

Loadstar Capital Sets Terms for Employee Stock Options Issuance

Loadstar Capital K.K (TYO:3482) said it has finalized terms for issuing share acquisition rights to employees under a stock option plan, according to a Monday filing on the Tokyo Stock Exchange.The company will grant 614 stock option units to 78 employees and those of its subsidiaries, representing 307,000 common shares.The exercise price is set at 2,950 yen per share, with each option priced at 1.475 million yen, the company said.

TYO:3482

Asia93d ago

Kernex Microsystems Clinches Order Worth INR675 Million for Supply of Equipment

Kernex Microsystems (India) (NSE:KERNEX, BOM:532686) has secured an order worth 675.3 million Indian rupees from PCMM Office, Patiala, India, according to a Monday filing to the Indian stock exchanges.The contract is for the supply, installation, testing, and commissioning of onboard KAVACH Loco equipment by April 15, 2027.KAVACH is India's indigenous automatic train protection system, which prevents train collisions by continuously monitoring train movement and automatically applying brakes if needed.

BOM:532686NSE:KERNEX

Equities93d ago

Update: Market Chatter: EQT, KKR Show Interest in PolyPeptide Takeover

(Updates with responses from KKR and Advent in the third paragraph)EQT and KKR (KKR) are among private equity firms showing takeover interest in PolyPeptide Group, Bloomberg reported Friday, citing people with knowledge of the matter.Advent has also been reviewing a possible acquisition of the Swiss contract drugmaker, the report said.KKR and Advent declined to comment, while EQT didn't immediately reply to a request for comment from.(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.)

$KKR

Asia93d ago

Shaanxi Construction Engineering Group Discloses Major Projects Secured in March

Shaanxi Construction Engineering Group (SHA:600248) and its subsidiaries secured three major construction contracts in March.The largest project is a section of the G3033 Expressway in Xinjiang, valued at 4.91 billion yuan, with the company's share at 3.69 billion yuan, according to a filing with the Shanghai bourse.Other wins include an AI Technology Center EPC project in Gansu worth 1.02 billion yuan and a selenium-enriched mushroom production facility valued at 510 million yuan in Shaanxi.

SHA:600248

Asia93d ago

Market Chatter: Thailand Requests Pakistan's Mediation to Rescue Stranded Fertilizer Ships in Hormuz

Thailand has sought Pakistan's assistance in a diplomatic push to secure the release of nine cargo vessels stranded in the Strait of Hormuz amid escalating Middle East tensions, The Star reported Monday.The ships are carrying fertilizer shipments vital to Thailand's agricultural sector and food security, the report said.Deputy Prime Minister and Foreign Minister Sihasak Phuangketkeow met Pakistan's ambassador to Thailand to discuss maritime safety and potential mediation efforts, while commending Islamabad's role in peace efforts and facilitating safe passage arrangements in the region, according to the report.Thailand is aiming to replicate such cooperation to ensure the uninterrupted transit of its vessels and prevent disruption to essential supply chains. The initiative also includes upcoming diplomatic engagements with ASEAN partners and an official visit to Oman later this month, the news outlet reported.(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.)

^SET

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