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Hong Fok Buys Back More Shares

Hong Fok (SGX:H30) bought back 203,500 shares in the open market on Tuesday for around SG$194,155, according to a same-day after-market filing with the Singapore Exchange.To date, the property investment company has bought back over 12.1 million shares.

SGX:H30

Asia153d ago

J. Front Retailing's Profit Falls 32% in Fiscal 2025

J. Front Retailing's (TYO:3086) profit attributable to owners of the parent fell 32% to 28.3 billion yen for the fiscal year 2025 from 41.4 billion yen a year earlier.The departmental store operator's earnings per share declined to 112.80 yen from 160.15 yen a year ago, according to a Tokyo bourse filing on Tuesday.Sales revenue edged up 0.7% to 445.1 billion yen for the full year ended Feb. 28 from 441.9 billion yen in the prior year. Gross sales gained 1.7% to 1.290 trillion yen from 1.268 trillion yen.It declared a final dividend of 27 yen per share, payable from May 8.For the fiscal year 2026, the company expects attributable profit of 29 billion yen, basic EPS of 118.16 yen, sales revenue of 469 billion yen and gross sales of 1.347 trillion yen.J. Front Retailing plans to pay interim and year-end dividends of 28 yen per share, each, for the year, which is higher than the amount paid for the prior year.

TYO:3086

Research153d ago

Maybank Research Upgrades Wilcon Depot to Buy from Sell; Price Target is PHP7.50

PSE:WLCON

Asia153d ago

HealthBank Allots Issues Nearly 32 Million Shares Under Share Placement Exercise

HealthBank (SGX:40B) allotted and issued nearly 31.7 million shares at SG$0.0378 per share under a share placement exercise, according to a Tuesday filing with the Singapore Exchange.Following the issuance, the company's share capital has increased to 141.5 million shares.The new shares will be listed and quoted on April 16, the filing added.

SGX:40B

Research153d ago

Kenanga Investment Bank Starts Well Chip Group at Outperform with MYR2 Price Target

KLSE:WELLCHIP

Asia153d ago

Kitanotatsujin Enters Improvement Period to Regain Prime Market Compliance by 2027

Kitanotatsujin (TYO:2930) said it has fallen short of the Tokyo Stock Exchange's Prime Market listing criteria as of Feb. 28, and has entered an improvement period to regain compliance, according to a Tuesday filing on the Tokyo Stock Exchange.The company failed to meet the tradable share market capitalization requirement, reporting 8.93 billion yen against the 10 billion yen threshold, while meeting other criteria.Kitanotatsujin said it aims to meet the requirement by Feb. 28, 2027 through measures including improving earnings, enhancing investor relations and supporting its share price.The company said it may consider shifting to the Standard Market if meeting the criteria becomes difficult.

TYO:2930

International153d ago

Shanghai Sees Strong Growth in January-February

Shanghai's manufacturing output in artificial intelligence, integrated circuits and biomedicine surged nearly 14% in January and February.Retail sales jumped 7.2% and fixed-asset investment rose 7.4%, according to Wu Wei, executive vice mayor of Shanghai.In the first quarter, the city's foreign trade jumped 22%

Shanghai Composite^SZSE

Research153d ago

BTIG Initiates Mondelez International at Buy With $70 Price Target

Mondelez International (MDLZ) has an average rating of overweight and mean price target of $66.12, according to analysts polled by FactSet.

$MDLZ

Research153d ago

Evercore ISI Initiates Sandisk Corporation at Outperform With $1,200 Price Target

Sandisk Corporation (SNDK) has an average rating of overweight and mean price target of $892.90, according to analysts polled by FactSet.

$SNDK

Asia153d ago

S-Pool Signs Agreement for Absorption-Type Company Split With Unit

S-Pool (TYO:2471) said it has signed an absorption-type company split agreement with its wholly owned subsidiary S-Pool Bridge to transfer part of its professional human resource utilisation services business, according to a Tuesday filing on the Tokyo Stock Exchange.The company split is scheduled to take effect on June 1, 2026, with S-Pool as the split company and S-Pool Bridge as the succeeding entity.

TYO:2471

Asia153d ago

Market Chatter: Chinese AI Startups to Ditch Offshore IPO Structures

Shanghai-based artificial intelligence company StepFun is dismantling its Cayman Islands holding structure for a Hong Kong listing, as Beijing cracks down on red-chip vehicles long used for overseas fundraising, Reuters reported Monday, citing three sources.China's securities regulator recently ordered offshore-registered companies with China-based assets to unwind the setup, according to the report. StepFun, which develops general-purpose foundation models, now sees an onshore structure as more suitable due to its heavy state backing.Meanwhile, AI peer Moonshot, creator of the Kimi language model, is also reconsidering its offshore incorporation, Reuters wrote.Moonshot is raising $1 billion at an $18 billion valuation and could pursue a Hong Kong IPO later this year, 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.)

Hang SengShanghai Composite^SZSE

Asia153d ago

Ichigo to Exit J.League Top Partnership in June

Ichigo (TYO:2337) said it will conclude its J.League Top Partner agreement at the end of June 2026 upon expiry of the current contract, according to a Tuesday filing on the Tokyo Stock Exchange.The company said it will also end its J.League shareholder program alongside the partnership.Ichigo said it will instead focus on managing Tegevajaro Miyazaki, which it acquired in 2023 and was promoted to the J2 league in 2025.

TYO:2337

Sectors153d ago

Crude Oil Prices Drop Amid Potential Resumption of U.S.-Iran Talks

Crude oil prices declined on Tuesday amid a potential resumption of talks between the U.S. and Iran to end the war, easing heightened supply concerns.Brent crude at last look lost 1.1% to US$98.28/barrel and West Texas Intermediate crude fell 2.2% to $96.92/barrel. Supply concerns, however, remain due to attacks on energy infrastructure in the Middle East and the effective closure of the Strait of Hormuz.The U.S. military said its blockade of the Strait of Hormuz would extend east to the Gulf of Oman and the Arabian Sea, and Iran responded by threatening to target ports in nations bordering the Gulf, the report said.Negotiating teams from the U.S. and Iran could return to Islamabad later this week, Reuters reported, citing five unnamed sources."In case talks between the adversaries fail to bear fruit, even revisiting the March highs cannot be ruled out as the decline in global oil inventories might spill into the third quarter and beyond," Reuters quoted PVM Oil Associates analyst Tamas Varga as saying.

$CLX1$LCOX1$USO

Asia153d ago

Hor Kew Names Group CFO

Hor Kew (SGX:BBP) named Michael Soh Chia Yang as its group chief financial officer, effective April 1, according to a Tuesday filing with the Singapore Exchange.Yang is currently the construction company's financial controller.

SGX:BBP

Asia153d ago

Malaysian Shares Rebound as Regional Markets Bet on US-Iran Diplomatic Thaw

Malaysian shares rebounded on Tuesday, tracking broader regional gains, as investors reacted to renewed optimism over a possible de-escalation in hostilities between the U.S. and Iran.The FTSE Bursa Malaysia KLCI gained 7.60 points to end 0.5% higher at 1,688.12. The day range was between 1,686.06 and 1,694.16.In economic news, the ongoing military escalation in the Middle East could inflict economic losses of up to $299 billion across Asia and the Pacific, as higher fuel, freight and input costs ripple through regional economies, UNDP's latest assessment report release Tuesday showed.Moreover, Southeast Asian diplomats urged the US and Iran to continue negotiations after failed weekend talks heightened tensions and rattled global markets, Nikkei Asian Review reported. This came after Brent crude surged to $102.43 a barrel.In corporate news, shares of Johor Plantations Group (KLSE:JPG) slid about 3% on today's close after it reported fresh fruit bunch production of 57,878 metric tonnes for March. Crude palm oil output for the month stood at 13,442 metric tonnes.

FTSE Bursa Malaysia KLCIKLSE:JPG

Asia153d ago

Koshidaka to Receive 2 Billion Yen Dividend From Unit

Koshidaka (TYO:2157) said it will receive a 2 billion yen dividend from a consolidated subsidiary, according to a Tuesday filing on the Tokyo Stock Exchange.The dividend was approved on April 14 and will be recorded as net sales in the parent's nonconsolidated results for the fiscal year ending August 2026.

TYO:2157

Asia153d ago

Singapore Shares Rise as US-Iran Peace Hopes Remain; Avepoint Up 7%

Singapore shares rose on Tuesday, tracking regional gains, backed by fresh hopes of the US and Iran finally reaching an agreement to end hostilities.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,992.64 and 5,020.59 throughout the day. It ended the session at 5,007.57, up 23.40 points or 0.5% compared to Monday's close.In economic news, The Monetary Authority of Singapore (MAS) has tightened its monetary policy settings amidst the ongoing Iran conflict, according to April's policy statement.On the corporate front, shares of Avepoint (SGX:AVP) were up nearly 7% at the close as it booked a revenue of $419 million during 2025.Octopus (APAC) (SGX:43A) signed an agreement with Spain's Grupo Osborne, to be the latter's principle distributor under a five-year mandate.Meanwhile, Vin's Holdings (SGX:VIN) signed an agreement with Volt Auto to become an authorized channel partner for China Dongfeng Motor Industry Impo & Exp's latest electric vehicle lineup.

^STISGX:43ASGX:AVPSGX:VIN

Commodities153d ago

UK Grid Operator to Ask Households to Consume More Power This Summer to Soak Up Renewable Surges

UK households will be encouraged to consume more electricity at favorable rates when renewable output surges, the National Energy System Operator, or Neso, said on Tuesday, a measure designed to reduce costly curtailment payments.While somewhat unusual in the midst of an unfolding global energy crisis, the measure reflects progress in the UK's renewables deployment, but also resulting bottlenecks that mean renewable energy producers are often paid to reduce output.While wind and solar deployment are continuing apace, upgrades to the grid to transmit their power output have lagged behind over permitting and high cost, leading to hefty bills to pay renewable operators to turn output down.Neso gained approval in March for the market mechanism dubbed the Demand Flexibility Service, to be implemented by utilities who will notify consumers of hours when they can consume more at less cost.That could prompt households to delay use of domestic appliances to coincide with these periods for example. They are likely to occur on weekends, when consumption typically falls, when there is both wind and sunshine.These scenarios are also expected to be transitory, pending investments in transmission network upgrades and additions of battery energy storage capacity.Rising electrification of transport and fast-growing adoption of heat pumps replacing gas boiler systems as well as the proliferation of data centers will also help to end these supply and demand imbalances that can destabilize the grid.While the renewables surge represents some good news for consumers, the UK looks no less vulnerable than other importing nations when it comes to oil. News reports this week say taxi drivers and farmer are planning to stage protests over fuel costs.

Asia153d ago

Pickles Holdings Regains Compliance with Prime Market Listing Criteria

Pickles Holdings (TYO:2935) said it has met all continued listing criteria for the Tokyo Stock Exchange's Prime Market as of Feb. 28, after previously falling short on tradable share market capitalization, according to a Tuesday filing on the Tokyo Stock Exchange.The company reported its tradable share market capitalization rose to 10.79 billion yen from 8.35 billion yen a year earlier, exceeding the 10.0 billion yen requirement.Pickles Holdings said the improvement followed measures including progress on medium-term goals, stronger investor relations, sustainability efforts, enhanced shareholder returns and an increase in tradable shares.

TYO:2935

Japan153d ago

Gold Futures Rise 0.7% to $4,799.1/Oz Early Tuesday; Silver Jumps 2.9% to $77.87/Oz

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