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Formosa Chemicals and Fibre Books NT$6.25 Billion Profit in Q1; Shares Rally 9%

Formosa Chemicals and Fibre (TPE:1326) booked net profit attributable to owners of NT$6.25 billion, or NT$1.07 per share, for the first quarter, according to a Friday Taiwan Exchange filing.Shares jumped about 9% in Monday's afternoon trade.Revenue for the quarter reached NT$81.75 billion, up 3.6% versus a year earlier, driven by higher sales volume and improved pricing.The company said profitability was boosted by better aromatics margins, higher production and sales, and gains from equity-method investments, particularly from Formosa Petrochemical.

TPE:1326

Asia146d ago

Texmaco Rail Bags Order Worth INR236 Million for Railway Rake, Break Van; Shares Down 3%

Texmaco Rail & Engineering (NSE:TEXRAIL, BOM:533326) has secured an order worth 235.7 million Indian rupees from Hindalco Industries (NSE:HINDALCO, BOM:500440), according to a Sunday filing to the Indian stock exchanges.The company's shares were down over 3% in early trade on Monday.The contract is for the supply of one Bogie Tank Alumina Powder (BTAP) rake and one break van within five months.BTAP rakes are specialized freight trains designed for the bulk transport of powder materials like calcined alumina and fly ash, while a brake van is a railway vehicle attached to the rear of freight trains.

BOM:500440BOM:533326NSE:HINDALCONSE:TEXRAIL

Asia146d ago

IEIT Systems' 2025 Profit Rises 5%, Revenue Jumps 43%

IEIT Systems' (SHE:000977) net profit attributable to shareholders in 2025 rose 5.2% year on year to 2.41 billion yuan, or 1.64 yuan per share, according to a Saturday filing on the Shenzhen bourse.The information technology company's shares rose less than 2% during Monday's morning trade.The attributable profit a year earlier was 2.29 billion yuan, or 1.56 yuan per share.Operating revenue jumped 43% to 164.8 billion yuan from 115 billion yuan in the prior year.

SHE:000977

Asia146d ago

XJ Electric's 2025 Profit Rises 5%, Revenue Drops 12%; Shares Dip 10%

XJ Electric's (SHE:000400) net profit attributable to shareholders in 2025 rose 4.5% to 1.17 billion yuan from 1.12 billion yuan a year earlier, according to a Shenzhen bourse filing on Saturday.The Chinese electrical equipment manufacturer's shares slumped 10% during Monday's morning trade.Earnings per share climbed 4.6% year on year to 1.15 yuan from 1.10 yuan.Operating revenue fell 12% to nearly 15 billion yuan from 17.1 billion yuan in the previous year.

SHE:000400

Asia146d ago

Diatreme Resources to Sell Cape Flattery Silica Project in Exchange for More Shares in Cape Silica JV

Diatreme Resources (ASX:DRX) unit Metallica Minerals agreed to sell the Cape Flattery Silica project in Queensland to Cape Silica Holdings, a joint venture between Diatreme and Sibelco Silica, in exchange for additional shares in the JV, according to a Monday filing with the Australian bourse.The deal values the project at about AU$26 million, and allows Diatreme to rationalize its project ownership and boost funding and synergies for its flagship Northern Silica project, per the filing.Sibelco Silica, which holds 26.8% of the JV, will contribute up to about AU$9.5 million in exchange for shares in Cape Silica in a manner that potentially allows Sibelco to retain its current interest. On completion, Sibelco will subscribe for about AU$5.1 million worth of shares in the JV and will receive an option for an additional AU$4.4 million of shares, exercisable before July 7.Using those funds, the JV will reimburse Diatreme around AU$2.1 million for costs associated with the takeover of Metallica, which was completed in September 2024, according to the filing.The deal is subject to Diatreme shareholder approval.Shares of Diatreme gained 6% in recent Monday trading.

ASX:DRX

Asia146d ago

CGN New Energy's March Power Output Falls 6%

CGN New Energy (HKG:1811) generated 1,663.9 gigawatt-hours of power in March, down 5.7% from a year earlier, according to a Monday Hong Kong bourse filing.Of the total, the power generation of Chinese solar projects increased 50%.Output from Chinese wind and hydro projects fell 34% and 16%, respectively, while that from Korean projects rose 41%.

HKG:1811

Asia146d ago

African Gold Shareholders Approve Acquisition By Montage Gold

African Gold (ASX:A1G) said its shareholders and option holders approved a proposed scheme of arrangement for Toronto Stock Exchange-listed Montage Gold to acquire 100% of African Gold, as well as the related option scheme of arrangement, according to a Monday Australian bourse filing.The company said nearly 100% of the votes cast at the meeting were in favor of the share scheme resolution, while 100% of the votes cast were in favor of the option scheme of arrangement.The schemes remain subject to approval by the Supreme Court of Western Australia at a hearing scheduled for Friday, as well as other customary conditions precedent, per the filing.African Gold's shares fell 1% in recent Monday trade.

ASX:A1G

Asia146d ago

Nan Ya Plastics Revenue Hits 43-Month High in March; Shares Rise 5%

Nan Ya Plastics' (TPE:1303) consolidated revenue rose 18.1% year on year in March to NT$27.2 billion, according to a Friday Taiwan Exchange filing.Shares rose about 5% in Monday's late morning trade.Month on month, revenue jumped 46.4%, reaching a 43-month high, driven mainly by strong growth in electronic materials on robust demand from AI, high-performance computing and related applications.Chemical, polyester and plastic processing products also posted gains, supported by a post-Lunar New Year recovery in downstream demand, higher raw material costs and improved shipment volumes, the company said.

TPE:1303

Asia146d ago

Holitech's 2025 Profit Dips 99%, Revenue Jumps 27%; Shares Fall 3%

Holitech Technology's (SHE:002217) net profit attributable to shareholders in 2025 slumped 99% to 22.7 million yuan from 1.52 billion yuan a year earlier, according to a Saturday filing on the Shenzhen bourse.The Chinese electronics component manufacturer's shares fell less than 3% during Monday's morning trade.Earnings per share dipped 98% year on year to 0.0032 yuan from 0.2031 yuan.Operating revenue jumped 27% to 1.69 billion yuan from 1.33 billion yuan in the previous year.

SHE:002217

Asia146d ago

Compucase Enterprise Posts Flat Revenue in March; Shares Drop 3%

Compucase Enterprise (TPE:3032) reported consolidated revenue of NT$869.9 million in March, flat year-on-year, according to a Friday Taiwan Exchange filing.Shares fell over 3% in Monday's late morning trade.Cumulative revenue for the first quarter reached NT$2.70 billion, up 15% annually.

TPE:3032

Asia146d ago

Zhejiang Medicine 2025 Profit Declines 25%; Shares Down 3%

Zhejiang Medicine (SHA:600216) posted 2025 attributable net profit of 873.4 million yuan, down 25% from 1.16 billion yuan the previous year.Earnings per share declined to 0.91 yuan from 1.21 yuan, according to a filing with the Shanghai bourse.Operating revenue slid 5.3% year over year to 8.88 billion yuan from 9.38 billion yuan.Shares of the pharmaceutical company were down 3% in recent trade.

SHA:600216

Asia146d ago

Midas Minerals Says Drilling at Namibia Prospect Intercepts Copper-Silver Mineralization, Shares Fall 6%

Midas Minerals (ASX:MM1) said drilling at the Spaatzu prospect within the Otavi copper project in Namibia intercepted significant copper and silver mineralization, according to a Monday Australian bourse filing.Portable X-ray fluorescence readings from a drill hole included a 32-meter interval with readings averaging 1.8% grade of copper and 11 grams-per-tonne grade of silver from 152 meters, within a 52-meter mineralized interval. It also hit an intercept of 13 meters at 1.77% grade of copper and a 39.5 g/t grade of silver from 72 meters.Further drilling is required to delineate the full extent of mineralization and understand structural and lithological controls, it said.Its shares fell 6% in recent trading on Monday.

ASX:MM1

Asia146d ago

China Rare Earth Nonferrous Metals (SHA:600259) Expects Up to 281% Profit Surge in Q1

China Rare Earth Nonferrous Metals (SHA:600259) forecasted first-quarter attributable net profit of between 150 million yuan and 180 million yuan, compared with 47.3 million yuan the previous year.The up to 281% jump is due to higher rare earth prices and subsidiaries' loss reduction, according to a filing with the Shanghai bourse.Shares of the rare earth products company were down 1% in recent trade.

SHA:600259

International146d ago

South Korean Won Weakens Amid Failed US-Iran Talks

The South Korean won weakened against the U.S. dollar on Monday after the talks between the US and Iran failed after 21 hours of negotiations in Islamabad.Following the failed negotiations, U.S. President Donald Trump on Sunday warned on Truth Social that the U.S. Navy would immediately begin blockading all ships attempting to enter or leave the Strait of Hormuz.The won opened at 1,495.4 per dollar, weakening 12.9 won from the previous close, according to a Yonhap News report.According to Reuters, U.S. forces would block all maritime traffic entering and exiting Iranian ports at 10 am ET on Monday.

^KOSDAQKOSPI

Asia146d ago

Jingsheng Mechanical & Electrical's 2025 Profit Drops 65%, Revenue Falls 35%

Zhejiang Jingsheng Mechanical & Electrical's (SHE:300316) net profit attributable to shareholders in 2025 dropped 65% year on year to 884.7 million yuan, or 0.68 yuan per share, according to a Saturday filing on the Shenzhen bourse.The semiconductor equipment manufacturer's attributable shares a year earlier was 2.51 billion yuan, or 1.92 yuan per share.Operating revenue fell 35% to 11.4 billion yuan from 17.6 billion yuan a year earlier.

SHE:300316

Asia146d ago

SEM Holdings Controlling Shareholder Sells 9% Stake in Business

SEM Holdings (HKG:9929) said its controlling shareholder Yao Capital sold a 9% stake in the business to HH RSV-MIM Holdings, according to a Hong Kong bourse filing Friday.Shares of the electrical and mechanical engineering services fell over 10% in morning trade Monday.Yao Capital disposed 180 million shares of the firm for $13.2 million, reducing its stake from 75% to 66%, SEM said.

HKG:9929

Asia146d ago

Market Chatter: Singapore to Likely Adjust Monetary Policy Amid Recession Fears

Singapore is likely to tighten its monetary policy at its April 14 review, amid global recession fears, according to a report by Bloomberg News on Monday.Citing a survey in which 15 out of 18 economists expected the Monetary Authority of Singapore to tighten its policy, the report said that the country's reliance on imported energy exposes it to the crisis in the Middle East.With fuel, transport and electricity costs rising, businesses are likely to face higher input prices, the report added.The MAS is also expected to update its inflation outlook, with the Ministry of Trade slated to release its latest report on economic performance during the first quarter of the year on Tuesday, the report noted.(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.)

^STI

Asia146d ago

Litian Pictures to Raise HK$10 Million via Share Placement

Litian Pictures (HKG:9958) said it plans to place up to 68 million new shares at HK$0.156 apiece under its general mandate, raising net proceeds of about HK$10.3 million, according to an April 10 Hong Kong bourse filing.Shares of the film production company were down nearly 4% in late morning trade on Monday.The placing shares represent about 15.7% of the company's existing issued share capital.The placing price represents a discount of about 15% to the stock's last close and nearly 16.8% to the five-day average price, the filing said.Litian Pictures said net proceeds will be used for general working capital.

HKG:9958

Asia146d ago

Vinyl Group Completes Digital Media Business Acquisition From HOYTS Group Unit

Vinyl Group (ASX:VNL) completed the acquisition of the Val Morgan Digital media business from Val Morgan and Co. (Aust.), a unit of The HOYTS Group, via an asset sale for AU$10.5 million, comprising AU$7 million in cash and AU$3.5 million in shares, according to a Monday Australian bourse filing.A total of 41.8 million ordinary shares were issued at AU$0.0837 per share as part of the deal.The business' assets include partnerships and Australia and New Zealand licences with BuzzFeed Fandom, LADbible Group, and Vox Media, which were novated to Vinyl Group as part of the deal.Vinyl also entered into a cooperation and services agreement with the HOYTS Group unit to cover outdoor and cinema advertising cross-sell capabilities.

ASX:VNL

Asia146d ago

Market Chatter: Telix Pharmaceuticals' Pipeline Validated by Regeneron Deal, Citi Says

Telix Pharmaceuticals' (ASX:TLX) co-development deal with US biotech firm Regeneron Pharmaceuticals will likely be perceived as a solid validation of Telix's drug development pipeline, Citi analyst Laura Sutcliffe said, the Australian Financial Review reported Monday.The agreement calls for a $40 million upfront payment and includes four initial programs with options for expansion. It entails a cost and profit-sharing structure, which enables Telix to co-commercialize or opt out in favor of royalties and milestones, AFR reported, citing Citi.Additionally, Regeneron's lack of presence so far in the radiopharmaceuticals field indicates that the deal could open up exposure beyond oncology, possibly expanding the breadth of the tie-up, Sutcliffe reportedly said.Citi kept its buy rating on Telix Pharmaceuticals, according to the report.(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.)

ASX:TLX

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