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Zhejiang Provincial New Energy Investment Q1 Output Dips Nearly 2%

Zhejiang Provincial New Energy Investment (SHA:600032) generated 2.42 billion kilowatt-hours of power in the first quarter, down 1.8% from the previous year.Installed capacity stood at 6.9 million kilowatts, , according to a Friday filing with the Shanghai bourse.Shares of the company declined nearly 2% in recent trade.

SHA:600032

Asia146d ago

Telix Pharmaceuticals Says JPMorgan Increases Stake

Telix Pharmaceuticals (ASX:TLX) said JPMorgan Chase & Co. and its affiliates have increased their stake in the company on Tuesday to 11.5% or 39 million shares from 7.7% or 26.1 million shares, according to a Friday Australian bourse filing.The company's shares fell past 2% in recent Friday trade.

ASX:TLX

Asia146d ago

New Zealand Shares Fall Amid Cautious Trading Ahead of US-Iran Peace Talks; New Zealand King Salmon Investments Lifts Fiscal 2026 Outlook

New Zealand shares ended lower on Friday as most Asian markets saw a sell-off as investors remained cautious despite the Israel-Lebanon ceasefire taking effect ahead of US-Iran peace talks.The S&P/NZX 50 Index fell 1.2% or 160.4 points to close at 12,905.67.US President Donald Trump has said that the next discussions between the US and Iran may take place over the weekend, according to a Thursday Reuters report.In domestic news, New Zealand's electronic card spending rose 1.3% month over month to NZ$9.85 billion in March on a seasonally-adjusted basis, matching the 1.3% increase recorded in the previous month, according to data from Stats NZ.Also, the average asking price for a property in Christchurch in March held steady over the past three years and remained lower than other main centers in New Zealand, data from realestate.co.nz showed.Further, petrol and diesel prices in New Zealand increased by nearly 19% and 43%, respectively, in March compared with the previous month, according to a Stats NZ selected price index report.Meanwhile, annual inflation in New Zealand is expected to slow by 0.2 percentage points in the March quarter to 2.9%, slightly higher than the previous forecast of 2.8% but slightly lower than the Reserve Bank of New Zealand's (RBNZ) April forecast of 3%, ANZ Research said in a note.In corporate news, New Zealand King Salmon Investments (NZE:NZK, ASX:NZK) upgraded its fiscal 2026 guidance, now expecting pro-forma earnings before interest, taxes, depreciation, and amortization of NZ$19 million to NZ$27 million, up from NZ$9 million to NZ$15 million.Contact Energy (NZE:CEN, ASX:CEN) has applied to quote about 5 million ordinary shares issued in connection with its acquisition of an additional stake in King Country Energy.

^NZ50ASX:CENASX:NZKNZE:CENNZE:NZK

Asia146d ago

AIMS APAC REIT Completes Divestment of 8 Senoko South Road

AIMS APAC REIT (SGX:O5RU) completed the divestment of 8 Senoko South Road, according to a Thursday filing with the Singapore Exchange.Shares of the REIT were down nearly 1% in Friday trading.Earlier, the REIT had agreed with Sin Hwa Dee Foodstuff Industries to divest the industrial development property for SG$15 million.

SGX:O5RU

Asia146d ago

Hoshine Silicon Industry Swings to Attributable Loss in 2025

Hoshine Silicon Industry (SHA:603260) swung to an attributable loss of 2.99 billion yuan in 2025 from a profit of 1.74 billion yuan in 2024, according to a Friday filing with the Shanghai bourse.The silicon-based materials producer logged a loss per share of 2.55 yuan compared with earnings per share of 1.48 yuan in the previous year.Operating income declined 23% year over year to 20.5 billion yuan from 26.7 billion yuan.

SHA:603260

Asia146d ago

China Harmony Auto's Loss Widens in 2025

China Harmony Auto (HKG:3836) posted a loss attributable to owners of 635 million yuan for 2025, compared with a loss of 291.1 million yuan a year earlier, according to a Thursday Hong Kong bourse filing.Shares of the auto dealership firm were up nearly 4% in Friday's late morning trade.Loss per share came in at 0.417 yuan, compared with 0.20 yuan in the prior year.Revenue rose 28% to 20 billion yuan from 15.6 billion yuan in 2024.

HKG:3836

Asia146d ago

Datang International Power Generation Issues 2 Billion Yuan Short Term Bonds

Datang International Power Generation (HKG:0991, SHA:601991) issued super short-term bonds worth 2 billion yuan, according to a Friday disclosure on the Shanghai bourse.The bonds have a coupon rate of 1.38% and a term of 120 days.Industrial Bank (SHA:601166) is the lead underwriter and bookrunner of the issuance.The Chinese power company's Hong Kong shares fell 1% during the afternoon trade.

HKG:0991SHA:601166SHA:601991

Asia146d ago

Amcor Estimates Cut Again on Higher Resin Costs, Softer Demand, Jefferies Says

Amcor (ASX:AMC) has had its earnings estimates cut by Jefferies for the second time in a month, as higher resin costs and softer consumer demand weigh on margins and cash flow, the firm said in a Thursday note.Jefferies noted resin costs rose around 15% to 25% year on year, with the company's polyethylene and polypropylene input exposure at $5 billion to $6 billion annually, and expects the delayed impact of higher costs to pass through in coming quarters, resulting in a notable margin squeeze in the fourth quarter.The firm expects fiscal 2026 earnings of about $3.94, below both company guidance of $4 to $4.15 and consensus at $4, and has cut fiscal 2027 estimates by around 4% on a more cautious view of demand and margins.The firm highlighted working capital pressure, with an estimated $200 million drag from higher resin costs pushing fiscal 2026 leverage to around 3.5 times, and noted that a further 10% rise in resin prices could add around 0.4 times to leverage if fully passed through working capital.The firm expects third quarter earnings before interest, taxes, depreciation and amortization of $936 million, in line with consensus, and earnings of $0.927, slightly below estimates due to higher interest costs, alongside low-single-digit volume declines and continued softness in food and household.Jefferies kept a buy rating on Amcor and cut its price target to AU$71.83 from AU$75.27.

ASX:AMC

International146d ago

Malaysia's Economy Eases to 5.3% in Q1 Amid Global Strain

Malaysia's economy expanded by 5.3% in the first quarter, easing from the 6.3% growth recorded in the previous quarter, according to advance estimates from the Department of Statistics on Friday.On a quarterly basis, the economy contracted by 4.4%, compared with a 3.3% expansion in the fourth quarter of 2025.The performance on the supply side was supported by growth in the services, manufacturing, construction and agriculture sectors, though the mining and quarrying sector declined.The services sector grew 5.4%, driven by wholesale and retail trade, information and communication, and transportation and storage, while manufacturing expanded 5.8% on higher output in key sub-sectors.Mining and quarrying shrank 1.1% due to lower crude oil and natural gas production, while agriculture rose 2.8% and construction increased 7.8%, albeit at a slower pace.The Department of Statistics Malaysia said preliminary first-quarter GDP data will be released on May 15.

FTSE Bursa Malaysia KLCI

Asia146d ago

Aditya Infotech to Form Joint Venture with Orient Cables; Shares Up 6%

Aditya Infotech (NSE:CPPLUS, BOM:544466) signed an agreement with Orient Cables (India) to form a 50:50 joint venture for manufacturing electric cables, according to a Thursday filing to the Indian stock exchanges.The company's shares were up nearly 6% in recent trade.The proposed joint venture company includes LAN and CCTV cables, terminated assemblies, electric cables, and connectors, and allied products.Under the deal, the products manufactured by the joint venture will be supplied to Aditya Infotech and its affiliates, as well as to Orient for further sale to identified customers.Following the investment by Aditya Infotech, the joint venture will become an associate of the company.

BOM:544466NSE:CPPLUS

Asia146d ago

Leadway Technology Swings to Loss in 2025

Leadway Technology Investment Group (HKG:2086) posted HK$5.1 million in attributable loss for 2025, reversing a profit of HK$3.7 million in 2024, according to a Hong Kong bourse filing Friday.Loss per share was HK$0.01591, compared with earnings of HK$0.01168 in the prior year.Revenue fell 9% year on year to HK$91.5 million, figures showed.

HKG:2086

Asia146d ago

Market Chatter: TSMC Warns Higher Gas Costs May Impact Margins

Taiwan Semiconductor Manufacturing (TPE:2330), or TSMC, warned that rising costs of gas and chipmaking materials linked to Middle East tensions could pressure margins and add to broader economic uncertainty, The Nikkei Asian Review reported, citing Chairman and CEO C.C. Wei.The company said higher prices for components, including memory, may also weigh on demand in price-sensitive consumer segments, even as premium devices remain resilient. Wei said supply chain risks tied to LNG, helium and hydrogen are being closely monitored, though diversified sourcing and inventory buffers should limit operational disruption.Separately, Wei described both Intel and Tesla as customers as well as competitors, noting no change to the industry's reliance on technology leadership, manufacturing strength and customer trust. He added that tight capacity is driving ongoing fab expansion, with new production planned across Taiwan, the US and Japan through 2028, alongside progress in 2-nanometer and next-generation technologies.The chipmaker's comments came as it reported a record quarter, with profit rising more than 58% on-year and revenue climbing over 35%, supported by strong demand tied to artificial intelligence, the report added.(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.)

TPE:2330

Asia146d ago

Wenling MCT's 2025 Profit Rises 8%

Wenling Zhejiang Measuring and Cutting Tools Trading Centre (HKG:1379) booked 16.3 million yuan in profit for 2025, rising 8.1% from 15.1 million yuan in 2024, according to the company's annual report published Friday.Earnings per share were 0.20 yuan, compared with 0.19 yuan in the prior year.Revenue edged up to about 69 million from 68.8 million yuan, the firm said.The firm also proposed a final dividend of 0.12 yuan per share, payable May 18 to domestic investors and June 1 to H shares holders.

HKG:1379

Asia146d ago

iX Biopharma to Issue Over 1 Million Shares to Anson Properties; Shares Down 3%

IX Biopharma (SGX:42C) signed a subscription agreement with Anson Properties to raise SG$440,537 through the issuance of 1,045,164 new shares at SG$0.4215 per share, according to a Thursday filing with the Singapore Exchange.Shares of the pharmaceutical company were down over 3% in Friday trading.Proceeds raised from the subscription will be used for general working capital needs.The company also proposed to issue 304,270 shares at SG$0.4215 per share to certain directors, in connection with the directors' fees for the period from Oct. 1 2025, till March 31, 2026.

SGX:42C

Asia146d ago

Aquirian Expected to Benefit From New Supply Agreement, Says Euroz Hartleys

Aquirian's (ASX:AQN) new supply agreement is an early validation of its integrated drill and blast model, supporting increased exposure to Western Australia gold activity and providing a pathway to higher-margin, vertically integrated earnings over time, said Euroz Hartleys in a Thursday note.The research firm noted that the agreement with Brightstar Resources (ASX:BTR) totals AU$48 million over an initial three-year period and commences in September 2026.The research firm said that the contract implies about AU$2.5 million in annual earnings before interest, taxes, depreciation, and amortization (EBITDA), when the previously guided 16% EBITDA margin is applied, being a conservative view.Euroz Hartleys expects fiscal 2027 EBITDA of AU$8.5 million and fiscal 2026 EBITDA of AU$5.2 million.Euroz Hartleys kept a buy rating on Aquirian with an under review price target of AU$0.70.Aquirian's shares fell past 2% in recent Friday trade, while Brightstar Resources' shares tumbled 5%.

ASX:AQNASX:BTR

Asia146d ago

Kalyani Steels' CFO Resigns; Shares Up 3%

Kalyani Steels (NSE:KSL, BOM:500235) said its chief financial officer, Bal Mukand Maheshwari, has resigned from the company with effect from May 8, according to a Thursday filing to the Indian stock exchanges.The company's shares were up nearly 3% in recent trade.Maheshwari cited personal reasons for his resignation.

BOM:500235NSE:KSL

Asia146d ago

Liu Chong Hing Investment Returns to Profit in 2025

Liu Chong Hing Investment (HKG:0194) posted a profit attributable to owners of HK$12 million for 2025, compared with a loss of HK$837.1 million a year earlier, according to a Thursday Hong Kong bourse filing.Shares of the firm were down nearly 1% in Friday's late morning trade.Earnings per share were HK$0.03, compared with a loss per share of HK$2.21 in the prior year.Revenue rose to HK$1.05 billion from HK$933 million in 2024.The board proposed a final dividend of HK$0.17 per share, unchanged from a year earlier, bringing total dividends for the year to HK$0.28 per share.

HKG:0194

Asia146d ago

Yonghui Superstores Q1 Profit Up 94%; Shares Jump 5%

Yonghui Superstores (SHA:601933) posted first-quarter attributable net profit of 286.9 million yuan, up 94% from 147.6 million yuan the previous year.Earnings per share rose to 0.03 yuan from 0.02 yuan, according to a Friday filing with the Shanghai bourse.Operating revenue declined 24% year over year to 13.4 billion yuan from 17.5 billion yuan.Shares of the supermarket operator jumped 5% in recent trade.

SHA:601933

Asia146d ago

Yangzijiang Maritime Development Sells Four Tankers; Shares Up 4%

Yangzijiang Maritime Development (SGX:8YZ) signed contracts for the sale of four tankers for an undisclosed amount, according to a Thursday filing with the Singapore Exchange.Shares of the ship finance and leasing company were up over 4% in Friday trading.The transactions involve four medium-range 49,800 deadweight tonnage tankers, slated for delivery in 2027 and 2028.Meanwhile, the company is also investing in eight very large crude carriers of around 319,000 deadweight tonnage, which are scheduled for delivery in 2028, 2029, and 2030.

SGX:8YZ

Asia146d ago

Yunnan Jinxun Resources' 2025 Profit Jumps 62%

Yunnan Jinxun Resources (HKG:3636) booked 328.8 million yuan in attributable profit for 2025, up 62% from 202.4 million in 2024, according to a Hong Kong bourse filing Friday.Earnings per share were 2.98 yuan, compared with 1.84 yuan in the prior year.Revenue rose 28% year on year to 2.27 billion yuan, figures showed.The firm also proposed a final dividend of 0.33 yuan per share, payable July 10 to shareholders of record on June 24.

HKG:3636

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Asia146d ago

New Zealand Shares Fall Amid Cautious Trading Ahead of US-Iran Peace Talks; New Zealand King Salmon Investments Lifts Fiscal 2026 Outlook

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