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Malaysian Shares Rebound Midweek, Mirroring Regional Gains

Malaysian shares ended in the green on Wednesday, reversing yesterday's losses. Investor sentiment mirrored an upbeat regional performance.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 3.08 points to end 0.2% higher at 1,715.56.In economic news, Bank Negara Malaysia (BNM) Governor Abdul Rasheed Ghaffour said the Malaysian economy is "well on track " to grow 4%-5% in 2026, and likely to be in the upper range, despite the energy crisis due to the war in the Middle East, with manageable inflation.The economy expanded by 5.2% in 2025, with contained inflation and the ringgit being the region's best-performing currency, through "carefully designed and sequenced reforms", he said at the opening of the two-day Sasana Symposium 2026.In corporate news, shares of Swift Energy Technology (KLSE:SET) dropped 2% on Wednesday's close after its subsidiaries received multiple purchase orders worth a total of 17 million Malaysian ringgit. The contracts are for the supply of electrical and navigational systems to energy and data center projects in Malaysia, Indonesia and Myanmar.Whereas, shares of Mah Sing's (KLSE:MAHSING) gained 2% on today's close after its unit, Elite Park Development, had a claim brought to the Kuala Lumpur High Court against Zulhkiple Abu Bakar and two others dismissed. The court allowed the first defendant's counterclaim of 114,088 million ringgit and ordered the property developer's subsidiary to pay total costs of 1.7 million ringgit to all the defendants.

FTSE Bursa Malaysia KLCIKLSE:MAHSINGKLSE:SET

Asia18d ago

Nippon Sanso Q1 Profit Surges; Revenue Rises

Nippon Sanso (TYO:4091) posted a 54% year-over-year surge in attributable net income for the fiscal first quarter to 43.7 billion yen from 28.4 billion yen.The industrial gas supplier's basic earnings per share were 101 yen, compared with 65.60 yen a year earlier, according to a Tokyo Stock Exchange filing on Wednesday.Revenue rose 15% to 361.8 billion yen for the three months ended June 30 from 314.8 billion yen a year ago.For the fiscal year ending March 31, 2027, the company expects attributable net income of 131 billion yen, basic EPS of 302.64 yen, and revenue of 1.38 trillion yen.The company plans to pay interim and year-end dividends of 33 yen per share, each, for the current year, up from the amount paid in the previous fiscal year.

TYO:4091

Equities18d ago

Update: Eni Q2 Net Profit, Sales Rise; Raises Cash Distribution to Shareholders; Shares Jump Pre-Bell

(Updates with dividend, share buyback expansion, and stock move in the last two paragraphs.)Eni (E) reported Q2 net profit Wednesday of 1.09 euros ($1.24) per diluted share, up from 0.16 euros a year earlier.An analyst polled by FactSet expected 0.70 euros.Sales from operations for the quarter ended June 30 were 24.38 billion euros, compared with 18.77 billion euros a year earlier.Three analysts expected 32.64 billion euros.The company has confirmed its plan to increase its 2026 dividend by 5% to 1.1 euros, according to its earnings statement. It has also expanded the 2026 share repurchase program to 3.4 billion euros, a 20% increase from the revised guidance of 2.8 billion euros in the last quarter, per the statement.Shares of the company were up 4.1% in premarket activity.

Asia18d ago

Singapore Shares Surge Despite AI Sell-Off; Metech International Plunges 21%

Singapore shares surged nearly 2% on Wednesday, with regional equities mixed as anxiety over AI stocks valuations lingered, with investors guarded over massive spending.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,611.59 and 5,713.19 throughout the day. It ended the session at 5,713.19, up 97.08 points or 1.7% compared to Tuesday's close.In economic news, Singapore's export prices rose 12.7% year over year in June, according to data from the Singapore Department of Statistics.Meanwhile, Factory-gate prices in Singapore were mixed in June, with the Domestic Supply Price Index rising 30.3% year over year, while the Singapore Manufactured Products Price Index increased 31.1%, according to the Singapore Department of Statistics.On the corporate front, shares of Metech International (SGX:V3M) plunged nearly 21% at the close as it received a listing and quotation notice from the Singapore Exchange for its placement of 72 million shares at SG$0.040 per share.Meanwhile, Keppel REIT's (SGX:K71U) shares closed nearly 3% higher as its distribution per unit, or DPU, slipped 4% to SG$0.0261 in the first half of 2026 ended June 30, from SG$0.0272 a year earlier.

^STISGX:K71USGX:V3M

Mining & Metals18d ago

Precision Drilling Swings to Q2 Net Loss YoY

Precision Drilling (PD.TO) reported second-quarter net loss attributable to shareholders of C$1.2 million, or a loss of C$0.52 per share, swinging from an income of C$16.3 million, or C$1.07 per share, in the year-ago quarter.Analysts polled by FactSet expected C$0.01, with one analyst reporting.Revenue was C$452.8 million, up from C$406.6 million.Analysts expected C$441.3 million.

$PD.TO

Equities18d ago

FAB Revises Sabic Agri-Nutrients Rating After Q2 Results

FAB Securities updated its rating on Sabic Agri-Nutrients (SASE:2020) after the company published its second-quarter results."We revise our rating on SABIC AGRI NUTRIENTS from HOLD to ACCUMULATE with an unchanged target price of SAR 138.00. Net profit declined significantly by 64.2% YOY in 2Q26 as regional supply chain disruptions weighed on sales volumes despite higher average selling prices. The decline in earnings was further impacted by lower contributions from associates and a joint venture, resulting in a sharp contraction in margins during the quarter," analysts said in a first look note published Wednesday.For the three-month period, the petrochemical company posted a net profit of 379 million Saudi riyals, down from 1.06 billion riyals a year ago and below FAB's estimate of 1.01 billion riyals. Revenue also fell 26.7% annually to 2.41 billion riyals, against the research firm's forecast of 2.73 billion riyals."SABIC AGRI-NUTRIENTS is well positioned to benefit from its strong balance sheet, healthy cash generation and disciplined capital allocation. In addition, the planned capacity expansion through the seventh production complex and continued investment in strategic partnerships are expected to support long-term volume growth. Therefore, we maintain a positive long-term outlook on the Company despite the near-term operating headwinds," analysts added.

SASE:2020

Asia18d ago

Kinden's Profit Rises 128% in Fiscal Q1

Kinden (TYO:1944) posted a 127.6% year-over-year increase in net profit attributable to owners of the parent to 9.9 billion yen for the three months ended June 30 from 4.34 billion yen.The construction company's basic earnings per share rose to 52.18 yen from 21.92 yen a year ago, according to a Tokyo bourse filing on Wednesday.Net sales jumped 14.8% to 162.4 billion yen from 141.41 billion yen in the year-ago period.For the fiscal year ending March 31, 2027, the company forecasts an attributable profit of 70 billion yen, EPS of 406.46 yen, and net sales of 810 billion yen.The company plans to pay a second-quarter dividend of 120 yen per share for the current fiscal year.

TYO:1944

Asia18d ago

Digital Core REIT Reports Flat DPU Growth in H1

Digital Core REIT's (SGX:DCRU) distribution per unit or DPU remained unchanged during the first half of the year at $0.018 compared with a year earlier, according to a Wednesday filing with the Singapore Exchange.Distributable income to unitholders edged down 0.2% to $23.3 million from $23.4 million a year earlier.Net property income fell by 5.7% to $43.7 million from $46.3 million in the year-ago period.Gross revenue was down 0.4% year over year to $88.6 million from $88.9 million.

SGX:DCRU

Commodities18d ago

EC Unveils $1.71 Billion Loan Package for Battery Cell Makers in Europe

The European Commission has invited applications for up to $1.5 billion euros ($1.71 billion) in interest-free loans as part of its efforts to support battery cell manufacturing projects across the European Economic Area, it said on Tuesday.The funding is part of the so-called Battery Booster Facility, established last month and financed by the Innovation Fund through revenues generated by the EU Emissions Trading System, a statement said.The facility intends to speed up industrial deployment of batteries, improve the battery manufacturing capacity in Europe and help develop a resilient European battery value chain, the statement said."By addressing financing needs at this stage, the facility will help innovative projects scale up production, attract private investment, and bring new manufacturing capacity to Europe faster," it said.Eligibility criteria include company location in the European Economic Area, the existence of new battery cell manufacturing for electric vehicles already in a ramp-up phase and a planned annual output capacity of at least 10 gigawatt hours.The facility will cover up to 60% of eligible costs with a limit of with 500 million euros per project. The last day for the submission of proposals is Sept. 30.

Japan18d ago

US Equity Index Futures Mixed Pre-Bell as Investors Await Microsoft/Apple's Results, Fed Policy Moves Amid Escalating Iran Tensions

$AAPL$MSFT

Wire18d ago

New Oriental Education's Fiscal Q4 Adjusted Earnings Fall, Revenue Rises; Fiscal 2027 Sales Outlook Set

New Oriental Education & Technology (EDU) reported fiscal Q4 non-GAAP earnings Wednesday of $0.55 per diluted American depositary share, down from $0.61 a year earlier.Net revenue for the quarter ended May 31 was $1.53 billion, up from $1.24 billion a year earlier.Analysts polled by FactSet expected $1.46 billion.For fiscal 2027, the company expects its net revenue guidance to be between $6.45 billion and $6.68 billion. Analysts expect $6.26 billion.Shares of New Oriental rose more than 3% in recent premarket activity Wednesday.Price: $52.51, Change: $+1.72, Percent Change: +3.39%

$EDU

Asia18d ago

Zhejiang Wanma Subsidiary to Invest 450 Million Yuan to Construct Cable Materials Factory

Zhejiang Wanma (SHE:002276) subsidiary Zhejiang Wanma Polymer Material Group will invest about 450 million yuan to build a cable materials factory, according to a Wednesday filing with the Shenzhen bourse.The company will construct the factory in Hangzhou, Zhejiang, China, in a span of between one and two years.The facility will be able to produce 100,000 tons per year.

SHE:002276

Asia18d ago

Finework Proposes Issuance of 500 Million Yuan Tech Bonds

Finework (Hunan) New Energy Technology (SHE:301232) proposed to issue medium-term technology bonds worth 500 million yuan, according to a Shenzhen bourse filing on Wednesday.The bonds are proposed to have a five-year term and the interest rate will be determined based on market conditions.Proceeds will be used for project construction, research and development investments, mergers and acquisitions, debt payment and to supplement the fastener maker's working capital.The company's shares fell 7% at the close.

SHE:301232

Asia18d ago

Sony, Renesas, and Toyota's Operations Disrupted by Kumamoto Earthquake

Sony (TYO:6758) confirmed no casualties at its Kumamoto sites after the July 28 quake, but its Kumamoto Technology Center remains suspended as damage assessments continue.The company's Nagasaki, Oita and Kagoshima centers sustained no significant damage, according to a statement.In a separate disclosure, Renesas (TYO:6723) suspended operations at its Kawashiri and Nishiki factories with no injuries reported, with both plants sustaining structural damage- cracked walls.Toyota (TYO:7203) will halt three Fukuoka plants from Wednesday evening through Friday to reassess safety and supply conditions before deciding on an Aug. 3 restart, Nikkei Asia reported on Wednesday.This comes after the Miyata, Kokura and Kanda plants had resumed production Wednesday morning following a previous halt, the publication said.

TYO:6723TYO:6758TYO:7203

Asia18d ago

Zydus Lifesciences Ordered to Pay Deficient Stamp Duty, Fines for Asset Acquisition

Zydus Lifesciences (NSE:ZYDUSLIFE, BOM:532321) has been ordered to pay an amount of 108.5 million Indian rupees in deficient stamp duty related to the acquisition of land, building, plant, and machinery assets from Sterling Biotech.The amount, comprising a deficient stamp duty of 53.5 million rupees and penalties of 55.1 million rupees, has been ordered by the Office of the Superintendent of Stamps, Gandhinagar, Gujarat, according to a Wednesday Indian bourse filing.The order came after the authority determined the market value of the assets was higher than the value adopted for stamp duty purposes.

BOM:532321NSE:ZYDUSLIFE

Asia18d ago

Samsung C&T Q2 Net Attributable Income Rises 69%; Sales Up 20%

Samsung C&T (KRX:028260) posted a 68.8% year-over-year rise in net income attributable to shareholders of the parent to 595.46 billion won for the second quarter ended June 30 from 352.69 billion won.Sales jumped 19.7% to 11.995 trillion won from 10.022 trillion won, according to a Wednesday filing with the Korea Exchange.

KRX:028260

Asia18d ago

Market Chatter: India Plans to Table Bill to Make Foreign Investor Tax Cuts Permanent

India's government is expected to introduce a bill in Parliament as early as next week to formalize tax concessions for foreign investors in sovereign bonds, Bloomberg reported on Wednesday, citing people familiar with the matter.The proposed Income Tax Amendment Bill would replace an ordinance issued in June and requires only a simple majority in Parliament to become law.If the bill is not passed this session, the government can reissue the ordinance to keep the tax relief in force for another six months, Reuters said.A Finance Ministry spokesperson did not immediately respond to' request for comment.(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.)

^BSENifty 50

Asia18d ago

Pylon Technologies Proposes to Raise Transaction Amount With Wendian New Energy

Pylon Technologies (SHA:688063) proposed to raise the amount of its expected transactions for the year with its subsidiary, Shanghai Wendian New Energy, after conducting a capital increase transaction, according to a Wednesday disclosure on the Shanghai bourse.The estimated amount for the year is 93.1 million yuan.Wendian New Energy will remain as the company's related party although it will no longer be included in its consolidated financial statements after the capital increase.The Chinese battery raw materials maker waived its right to participate in the capital increase, which will turn Wendian New Energy into an equity-accounted investee from a controlled sub-subsidiary of the company.The company's shares rose 2% at the close.

SHA:688063

Asia18d ago

TXC's Unit Disposes of Financial Products

TXC's (TPE:3042) subsidiary, TXC (Chongqing), disposed of financial products issued by Bank of China for 72.9 million yuan, according to a Wednesday filing with the Taiwan Exchange.The crystal component maker's unit generated a profit of over 285,000 yuan from the product.

TPE:3042

Commodities18d ago

Italy-Based Eni Q2 Hydrocarbon Output Climbs YOY; Renewable Installations, Production Rise

Italian integrated energy company Eni (E) Wednesday posted a 7% rise in Q2 hydrocarbon production to 1.8 million barrels of oil equivalent per day, from 1.7 Mboe/d a year ago, driven by project ramp-ups in Norway, Congo, and Mexico and project start-ups in Angola.Higher output from Indonesia and Malaysia following the formation of Searah joint venture also contributed to the production increase.Liquid production was 832,000 barrels per day in Q2, up 1% from 825,000 bbl/d in Q2 2025. Natural gas output rose 14% to 5.01 billion cubic feet per day from 4.42 bcf/d a year ago.Eni said that, after adjusting for the impact of portfolio transactions and price effects, the quarterly underlying production was up 11% year over year.The company results showed that gas sales grew 19% to 10.75 billion cubic meters in Q2, from 9.01 bcm a year earlier. Of the total volume, liquefied natural gas accounted for 2.9 bcm, representing a 4% rise from the prior year's 2.8 bcm.Meanwhile, thermoelectric production from the power generation business stood at 3.91 terawatt-hours, down 14% from 4.53 TWh in Q2 2025, as plant utilization rate decreased because of planned maintenance activities.In the transition business, Eni subsidiary Enilive reported a 3% year-over-year decline in total sales to 5.2 million metric tons from 5.4 mmt, as bio throughputs and bio refinery utilization rate remained largely stable at around 275,000 metric tons and 74%, respectively.Plenitude, on the other hand, saw a 33% year-over-year surge in installed renewable capacity to 6.0 gigawatts in Q2 from 4.5 GW a year ago, and a 47% jump in renewable energy production to 2.2 TWh from 1.5 TWh.The capacity expansion reflected "the organic development in Spain, the UK, Greece, Italy and Kazakhstan, as well as the acquisitions in France and in the US," the company said.Eni's refining unit logged a 20% drop in total throughputs to 5.1 mmt during the quarter, compared with the prior year's 6.4 mmt. Refinery utilization rate also fell to 74% from 84% a year earlier.Refinery throughputs in Italy declined due to planned maintenance activities, while those in the rest of the world slipped because of product unavailability caused by shipping disruptions in the Strait of Hormuz, the report said.

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Commodities18d ago