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Jiangsu Etern Secures Two Major Laser Chip Orders

Jiangsu Etern (SHA:600105) controlling subsidiary Suzhou Dingxin Optoelectronics Technology has secured major purchase orders for high-power laser chip products, according to a Thursday filing with the Shanghai bourse.Two undisclosed customers placed orders of 542 million yuan and about 591 million yuan, with performance periods extending through December 2027 and January 2028, respectively.Shares of the telecommunication cable and wire manufacturer rose 4% in recent trade.

SHA:600105

Asia14d ago

Hongfa Technology's H1 Profit Rises 20%, Revenue Jumps 32%

Hongfa Technology's (SHA:600885) net profit attributable to shareholders for the first half rose 20% to 1.16 billion yuan from 964.2 million yuan a year earlier, according to a Thursday filing on the Shanghai bourse.Earnings per share climbed 16% year on year to 0.75 yuan from 0.64 yuan.Operating revenue jumped 32% to 11 billion yuan from 8.35 billion yuan in the previous year.The circuit breaker manufacturer's shares fell nearly 3% during the morning trade on Thursday.

SHA:600885

Asia14d ago

Victory Metals Says Analysis Showed Secondary Rare Earth Phosphate Groups at Western Australia Project

Victory Metals (ASX:VTM) said the Tescan integrated mineral analyzer characterization of mineral concentrate produced from its North Stanmore heavy rare earth project in Western Australia classified 5.9 mass percent of the analyzed concentrate as secondary rare earth phosphate groups, according to a Thursday Australian bourse filing.Indicative deportment results showed that these secondary phosphate groups hosted the heavy rare earth elements dysprosium and terbium, as well as the magnet rare earth elements neodymium and praseodymium.The study was carried out by ALS Metallurgy on a mineral concentrate produced using a composite of 33 samples from 18 drill hole locations, the company said.

ASX:VTM

Asia14d ago

Wee Hur Forms JV to Redevelop Kowloon Building into Student Accommodation

Wee Hur's (SGX:E3B) subsidiary, Wee Hur (Hong Kong), formed a joint venture with WM (Hong Kong) to establish Wee Hur Bedford, according to a Wednesday filing with the Singapore Exchange.Wee Hur Bedford, a special purpose vehicle, will be owned 90% by Wee Hur and 10% by WM, the filing stated.The SPV holds the entire issued share capital of Wee Hur Belmont, the vehicle through which the JV will own, redevelop and manage One Bedford Place, a Grade A commercial building in Kowloon, Hong Kong, converting it into purpose-built student accommodation.

SGX:E3B

Asia14d ago

CDL Hospitality Trusts DPS Rises 8.6% in H1

CDL Hospitality Trusts (SGX:J85) distribution per stapled security jumped 8.6% in the first half of the year to SG$0.0215 from SG$0.0198 a year earlier, according to a Thursday filing with the Singapore Exchange.Total distribution to stapled securityholders rose by 9.7% to SG$27.5 million from SG$25.1 million in the prior period.Net property income came in at SG$59.7 million from SG$58.6 million in the year-ago period.Revenue edged up 1.4% year over year to SG$126.9 million from SG$125.1 million.

SGX:J85

International14d ago

SMMT: UK's Total Vehicle Production Down 1.2% in June

Britain's total vehicle manufacturing dropped 1.2% year over year to 68,200 units in June, the Society of Motor Manufacturers and Traders said Thursday.Car production slipped 1.3% to 65,483 units, while commercial vehicle output edged up 1% to 2,717 units.For the six months to June, total vehicle manufacturing fell 7.5% annually to 385,979 units.

FTSE 100

Asia14d ago

Posco International Q2 Net Income Soars 166%, Sales Up 18%

Posco International (KRX:047050) posted a 166% year-over-year increase in net income attributable to shareholders of the parent company to 238.4 billion won from 89.8 billion won for the second quarter.The trading and energy company's sales rose 18% to 9.62 trillion won from 8.13 trillion won for the three months ended June 30, according to a Korea Exchange filing on Thursday.For the first half, cumulative net income attributable to shareholders was 503.8 billion won, up 74% from 289.5 billion won in the prior-year period, while revenue grew 11% to 18.03 trillion won.

KRX:047050

Asia14d ago

Fosun Pharma's Two Venture Capital Funds Complete Regulatory Filing

Shanghai Fosun Pharmaceutical (SHA:600196) said its two newly established venture capital funds have completed filing with the Asset Management Association of China, effective July 28.The Tianjin Phase II Fund, with a group investment of 29.8 million yuan, and the Hangzhou Fund, with a group investment of 27.8 million yuan, are both managed by Shanghai Fujian Equity Investment Fund Management.The funds aim to expand Shanghai Fosun Pharmaceutical's pipeline of early-stage innovative projects in pharmaceuticals and medical devices.

SHA:600196

Asia14d ago

CSRC Orders Four Century Huatong Entities to Rectify Unfulfilled Restructuring Commitments

The China Securities Regulatory Commission has ordered four entities tied to Zhejiang Century Huatong (SHE:002602) to rectify unfulfilled compensation and guarantee obligations linked to a 2019 asset restructuring, according to a Wednesday Shenzhen bourse filing.The entities, including former controlling shareholder Zhejiang Huatong Holding Group, failed to execute agreements triggered after an acquired subsidiary missed its 2020 performance targets following a downward profit adjustment.Century Huatong's shares fell more than 2% in recent trade.

SHE:002602

Asia14d ago

Barton Gold Holdings Identifies High-Grade Gold Mineralization in South Australia Gold Project

Barton Gold Holdings (ASX:BGD) identified high-grade gold mineralization during recent drilling at its Tunkillia gold project in South Australia, according to a Thursday Australian bourse filing.The results were up to 22 meters at 0.93 grams per tonne gold from 44 meters depth, including four meters at 2.82 grams per tonne gold from 44 meters depth.A pre-feasibility study (PFS) for Tunkillia is underway, led by GR Engineering (ASX:GNG), targeting completion in the first quarter of 2027 to accommodate expanded drilling and prospective mineral resource upside in the study, the filing added.

ASX:BGDASX:GNG

Asia14d ago

Shandong Hi-speed Issues 1 Billion Yuan in Bonds

Shandong Hi-speed (SHA:600350) completed the issuance of 1 billion yuan of 177-day bonds, according to a Thursday disclosure to the Shanghai Stock Exchange.The bonds have an issuance rate of 1.51% and are redeemable on Jan. 22, 2027.Industrial Bank (SHA:601166) is the bookkeeping manager and lead underwriter, while China Construction Bank Corp. (HKG:0939, SHA:601939) is the joint lead underwriter for the issuance.Shares fell 1% during morning trading on Thursday.

SHA:600350

Asia14d ago

Budweiser APAC's Q2 Profit Rises; Shares Jump 9%

Budweiser Brewing Co. APAC (HKG:1876) posted $247 million in second-quarter attributable net profit, up from $175 million a year earlier.Revenue came in at $1.68 billion, unchanged from a year prior, according to a Thursday filing with the Hong Kong Exchange.For the six months ended June 30, the brewery reported $473 million in attributable profit, up from $409 million in the year-ago period. Earnings per share increased to $0.0357 from $0.0310.Half-year revenue rose to $3.17 billion from $3.14 billion.Shares of Budweiser APAC gained over 9% in recent trade.

HKG:1876

Asia14d ago

Japan Earnings Wrap: Advantest, Hitachi Climb; Makita Drops

Japanese stocks reporting earnings traded mixed on Thursday, with gains led by automatic test equipment makers and technology and engineering firms while power tools manufacturers declined.Advantest's (TYO:6857) shares advanced 12% after reporting a 93.8% year-over-year increase in net income attributable to owners of the parent to 174.78 billion yen for the first quarter ended June 30.The automatic test equipment manufacturer's basic earnings per share rose to 241.27 yen while net sales jumped 39.3% to 367.47 billion yen for the quarter under review.Advantest raised its forecasts for the fiscal year ending March 31, 2027, with an attributable income of 660 billion yen, EPS of 911.64 yen, and net sales of 1.714 trillion yen.Hitachi's (TYO:6501) shares gained 5% after first quarter net income came in slightly lower at 189.5 billion yen. The technology and engineering firm's earnings per share were 42.21 yen, while revenue climbed 20% to 2.71 trillion yen for the three months ended June 30.Makita's (TYO:6586) shares fell 10% despite first-quarter earnings climbing 19% to 22.9 billion yen for the fiscal first quarter.The power tool manufacturer's basic earnings per share rose to 88.70 yen while revenue rose 10.7% to 206.6 billion yen for the three months ended June 30.For the fiscal year ending March 31, 2027, the company expects attributable profit of 81 billion yen, basic EPS of 314.22 yen, and revenue of 820 billion yen.

Nikkei 225

Asia14d ago

AIMS APAC REIT's DPU Up 2.5% in Fiscal Q1

AIMS APAC REIT's (SGX:O5RU) distribution per unit or DPU rose 2.5% during the fiscal first quarter ended June 30 to SG$0.02337 from SG$0.02280 a year earlier, according to a Thursday filing with the Singapore Exchange.Distribution to unitholders was up 3.4% to SG$19.3 million from SG$18.6 million in the prior period.Net property income jumped 12.5% to SG$38.4 million from SG$34.1 million in the year-ago period.Gross revenue was up 6.6% year over year to SG$50.6 million from SG$47.4 million.Portfolio occupancy increased to 96.1%, backed by positive rental reversions of 6.5%.

SGX:O5RU

International14d ago

UAE Central Bank Keeps Base Rate at 3.65% in July

The Central Bank of the United Arab Emirates on Wednesday maintained the base rate applicable to the overnight deposit facility at 3.65%.Meanwhile, the interest rate applicable to borrowing short-term liquidity was kept at 50 basis points above the base rate for all standing credit facilities.The CBUAE's decision follows the US Federal Reserve's move to maintain the interest rate on reserve balances.

^DFMGI^FADGI

Asia14d ago

Worley Secures EPFC Contract for Pembina's Canada Plant

Worley (ASX:WOR) secured a contract from Pembina Infrastructure and Logistics to provide engineering, procurement, fabrication and construction (EPFC) services for the Heartland Extraction Plant in Strathcona County, Alberta, Canada, according to a Thursday Australian bourse filing.The facility is designed to process up to 21.2 million standard cubic meters of natural gas per day, extracting natural gas liquids from the Yellowhead Pipeline, with operations scheduled to begin in late 2029, per the filing.The project will be executed by an integrated EPFC team from the company's Alberta offices, the filing added.The company's shares fell almost 1% in recent Thursday trade.

ASX:WOR

Asia14d ago

Cauldron Energy Says Cash Reserves Fall Sequentially in June Quarter

Cauldron Energy (ASX:CXU) said it had cash reserves of around AU$3.7 million as of June 30, compared with around AU$3.9 million as of March 31, according to a Thursday Australian bourse filing.It had cash on bank of AU$3.7 million as of June 30, per the filing.

ASX:CXU

Asia14d ago

Metal Powder Works Receives Purchase Order From Pennsylvania-Based Company; Shares Up 8%

Metal Powder Works (ASX:MPW) received an initial scale-up production purchase order for pure copper powder from Pennsylvania-based Advantage Metal Powders, according to a Thursday filing with the Australian bourse.Fulfilment of the order will form the basis for both parties to assess a long-term supply arrangement from the first half of 2027, the filing said.Financial terms of the transaction were not disclosed.Metal Powder Works shares rose 8% in midday trade Thursday.

ASX:MPW

Asia14d ago

Far East Hospitality Trust's Core DPS Up 7.9% in H1

Far East Hospitality Trust's (SGX:Q5T) core distribution per stapled security or DPS was up 7.9% during the first half of the year to SG$0.0163 from SG$0.0151 a year earlier, according to a Thursday filing with the Singapore Exchange.Income available for distribution jumped 8.9% to SG$33.7 million from SG$30.9 million in the prior period.Net property income edged down 0.6% to SG$45.4 million from SG$45.6 million.Gross revenue rose 4.3% year over year to SG$53.8 million from SG$51.6million.

SGX:Q5T

International14d ago

Total Dwellings Approved in Australia Rise in June

The number of total dwellings approved in Australia in seasonally adjusted terms recorded an increase of 7.2% month on month to 18,328 in June and 8.9% year on year, according to figures from the Australian Bureau of Statistics released on Thursday.The number of total dwellings approved in June 2025 was 17,076, an earlier release showed.Approvals for total dwellings showed mixed results in different states in June, with increases in Queensland, New South Wales, and Western Australia, whereas decreases were noted in Tasmania, Victoria, and South Australia.Private sector houses increased by 0.4% to 10,631 units in June after rising 2.4% in May, while private sector dwellings, excluding houses, saw a rise of almost 18% to 7,138 units after an 11% fall in May.Total residential building value grew past 15% to AU$11.75 billion, while total non-residential building value decreased by about 25% to AU$8.26 billion.

ASX 200

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