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Fosun International Forecasts Up to 172% Surge in H1 Profit

Fosun International (HKG:0656) expects an attributable profit of between 1.5 billion yuan and 1.8 billion yuan for the first half of 2026, up 127% to 172% from 660 million a year prior.The conglomerate attributed the forecast to strong resilience by its core industries, a boost in operating quality, and a significantly higher profit from industrial operations, according to a Wednesday Hong Kong bourse filing.

HKG:0656

Asia18d ago

EIT Environmental Development Opens Subscriptions for Corporate Bond Issuance

EIT Environmental Development (SHE:300815) opened subscriptions to raise 1.5 billion yuan from the issuance of convertible corporate bonds, according to a Wednesday disclosure to the Shenzhen bourse.The company will prioritize existing shareholders for the subscription, while the remaining portion following the priority allocation will be issued to the public through a lottery on July 31.

SHE:300815

Mining & Metals18d ago

Earnings Flash (CVE.TO) Cenovus Energy Reports Q2 Revenue C$17.40B, vs. FactSet Est of C$16.9B

$CVE.TO

Research18d ago

UBS Downgrades Region Group to Neutral from Buy; Price Target is A$2.45

Region Group (ASX:RGN) has an average rating of hold and mean price target of AU$2.44, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

ASX:RGN

Research18d ago

UBS Upgrades Charter Hall Retail REIT to Buy from Neutral; Price Target is AU$4.30

Charter Hall Retail REIT (ASX:CQR) has an average rating of overweight and mean price target of AU$4.21, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

ASX:CQR

Research18d ago

UBS Downgrades HomeCo Daily Needs REIT to Neutral from Buy; Price Target is AU$1.35

HomeCo Daily Needs REIT (ASX:HDN) has an average rating of overweight and mean price target of AU$1.40, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

ASX:HDN

Asia18d ago

Sheng Siong's Net Profit Jumps 12% in H1

Sheng Siong's (SGX:OV8) net profit rose 12% during the first half of the year to SG$81 million from SG$72.3 million a year earlier, according to a Wednesday filing with the Singapore Exchange.Earnings per share came in at SG$0.0538 compared with SG$0.0481 in the year-ago period.The online grocery and shopping company's revenue was up 12% year over year to SG$855.4 million from SG$764.7 million.The company declared an interim dividend of SG$0.0375 per share, up from SG$0.032 a year earlier. The dividend will be paid on Aug. 28.

SGX:OV8

Mining & Metals18d ago

Pulse Seismic Posts Lower Q2 Net Earnings YoY

Pulse Seismic (PSD.TO) reported second-quarter net earnings of C$1.6 million, or C$0.03 per share, down from C$9.6 million, or C$0.19 per share, in the year-ago quarter.Revenue was C$3.6 million, down from C$18.3 million.Pulse's board declared a regular quarterly dividend of C$0.01875 per common share, to be paid on Aug. 25 to shareholders of record on Aug. 11.

$PSD.TO

Asia18d ago

HKT Trust and HKT's H1 Profit, Revenue Rise

HKT Trust and HKT (HKG:6823) reported a 4% increase in attributable profit for the six months ended June 30 to HK$2.15 billion from HK$2.07 billion a year earlier, according to a Wednesday filing with the Hong Kong Stock Exchange.Diluted earnings per share rose to HK$0.2840 from HK$0.2732 a year earlier.Revenue for the period climbed to HK$18.7 billion from HK$17.3 billion reported in the comparable year-ago period.The company also declared an interim dividend of HK$0.348 per share, payable Sept. 3 to shareholders of record on Aug. 18.

HKG:6823

Wire18d ago

Lithia & Driveway Q2 Adjusted Earnings, Revenue Rise; Dividend Raised

Lithia & Driveway (LAD) reported Q2 adjusted earnings Wednesday of $10.03 per diluted share, up from $9.20 a year earlier.Analysts surveyed by FactSet expected $8.73.Revenue for the quarter ended June 30 was $9.79 billion, up from $9.58 billion a year earlier.Analysts expected $9.64 billion.The company also said it raised its quarterly dividend by 23% to $0.70 a share, payable Aug. 21 to holders of record Aug. 7.Shares of the company were up more than 4% in Wednesday premarket activity.Price: $375.40, Change: $+17.08, Percent Change: +4.77%

$LAD

Asia18d ago

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

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