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China Southern Power Grid Energy Storage's H1 Profit Jumps 40%, Revenue Rises 25%

China Southern Power Grid Energy Storage's (SHA:600995) net profit attributable to shareholders for the first half jumped 40% to 1.17 billion yuan from 832.4 million yuan a year earlier, according to a Shanghai bourse filing on Friday.Earnings per share climbed 42% year on year to 0.37 yuan from 0.26 yuan.Total operating revenue rose 25% to 4.12 billion yuan from 3.30 billion yuan in the previous year.

SHA:600995

Asia22d ago

Amlogic (Shanghai) Forecasts Up to 41% Jump in Q2 Profit; Shares Rise 8%

Amlogic (Shanghai) (SHA:688099) forecasts its attributable net profit to rise 41% to 434.8 million yuan in the second quarter, according to a Friday filing with the Shanghai Stock Exchange.Revenue for the quarter could rise 39% to 2.50 billion yuan.The system-on-a-chip maker attributed the forecast to rapid business expansion.Amlogic expects first-half profit to increase 22% to 608 million yuan, while full-year revenue and profit could reach a record high in 2026, the company said.Shares rose 8% during afternoon trading on Friday.

SHA:688099

Asia22d ago

Hyundai Rotem Q2 Income Slips 3%; Shares Decline 9%

Hyundai Rotem (KRX:064350) posted a 2.8% year-over-year drop in net income attributable to shareholders of the parent to 185.3 billion won from 190.62 billion won in the second quarter.Sales rose 13.3% to 1.606 trillion won from 1.418 trillion won for the three months ended June 30, according to a Friday filing with the Korea Exchange.Shares of the company were down more than 9% in recent trade.

KRX:064350

International22d ago

GfK: German Consumer Sentiment to Fall in August

German consumer sentiment is expected to slightly deteriorate in August, with the indicator down to -29.6 points from the revised -29.3 points in July, Growth from Knowledge said Friday.Analysts expected -28.7 points for the month.The latest reading reflects lower income expectations among consumers, with their willingness to save still elevated.

^SXXP

Asia22d ago

Kia's Profit, Sales Rise in Q2

Kia's (KRX:000270) posted a 2.6% year-over-year increase in net income attributable to shareholders to 2.328 trillion won from 2.269 trillion won for the second quarter, according to a Friday filing with the Korea Exchange.The South Korea-based automaker's sales increased 12.6% to 33.037 trillion won for the three months ended June 30.

KRX:000270

International22d ago

UK's Monthly Retail Sales Rise 1% in June

Britain's monthly retail sales climbed 1% in June, after a 1.2% growth in May, according to data from the Office for National Statistics published Friday.Analysts expected a 0.3% dip for the month.On a yearly basis, UK retail sales rose 4.2%, against the revised 3.5% rise previously and the expected 2.3% gain.Excluding automotive fuel, retail sales were up 1.1% month over month and 5.4% annually, following an increase of 1.2% and a revised 4.9% jump earlier, respectively. The figures compare with the consensus estimates of a 0.4% monthly decline and a 3.2% yearly growth.

FTSE 100

Asia22d ago

China Southern Power Grid Energy Storage Chairman Proposes H1 Dividend

China Southern Power Grid Energy Storage (SHA:600995) Chairman Liu Guogang proposed a dividend payout of 20% of the net attributable profit for the first half, according to a Friday disclosure to the Shanghai bourse.The proposal is subject to review.

SHA:600995

Asia22d ago

Sandfire Resources Delivered Record Quarter to Close Out Fiscal Year 2026, Jarden Says

Sandfire Resources (ASX:SFR) delivered a record June quarter to close out fiscal year 2026 as its copper-equivalent production of 47,600 tonnes came in roughly 5% above Jarden's forecast, the investment firm said in a late Thursday note.The company's full-year fiscal year 2026 financial results also represent a solid beat, with unaudited earnings before interest, taxes, depreciation, and amortization of $867 million topping consensus estimates on higher revenue.Sandfire's C1 unit costs are at record lows, and with the spot copper price resiliently holding above $6 per pound, the company is currently generating record margins at its MATSA and Motheo assets in Spain and Botswana, respectively, Jarden said.The investment firm now expects Sandfire to report fiscal year 2026 underlying net profit after tax of $352 million, and raised its forecast final dividend by 50% to AU$0.15 per share.Jarden maintained an underweight rating on Sandfire, noting that it remains alert to more attractive entry points, with an unchanged price target of AU$15.50.Sandfire Resources shares fell 4% in recent Friday trade.

ASX:SFR

Asia22d ago

Unisem Appoints COO

Unisem (M) (KLSE:UNISEM) has appointed Lee Jee Kheong as chief operating officer, effective Aug. 1, according to a Friday Bursa Malaysia filing.Lee will report to the group COO and oversee all of Unisem's local operations, including Unisem Advanced Technologies.Lee joined the group in 1992 and has held leadership roles across multiple departments. Since 2024, he has served as general manager of Unisem Advanced, overseeing manufacturing operations at the bumping facility.

KLSE:UNISEM

Asia22d ago

JB Financial Group's Q2 Net Attributable Income Rises 6%; Shares Jump 4%

JB Financial Group (KRX:175330) posted a 5.7% year-over-year increase in net income attributable to owners of the parent to 219.59 billion won from 207.70 billion won for the second quarter.Sales rose 6.5% to 1.264 trillion won from 1.187 trillion won for the three months ended June 30, according to a Thursday filing with the Korea Exchange.The company declared a quarterly cash dividend of 314 won per share for the quarter, with a record date of August 7, and payout due on August 27.Shares of the company were up more than 4% in recent trade.

KRX:175330

Treasury22d ago

Shenergy Launches 2-Billion-Yuan Convertible Bond Offering; Shares Fall 5%

Shenergy (SHA:600642) on Friday launched its offering of 2 billion yuan in convertible bonds.Lottery results will be announced July 28, with payments due the same day, according to a Friday filing with the Shenzhen bourse.Huatai United Securities, Orient Securities and China Securities serve as lead underwriters.Shares of the power company fell 5% in recent trade.

SHA:600642

Asia22d ago

STP&I to Seek Shareholder Nod for Rights Offering, Private Placement

STP&I (BKK:STPI) will seek shareholder approval for its proposed capital increase, rights offering and private placement at an extraordinary general meeting on Sept. 15, according to a Thursday Thailand Exchange filing.The steel fabricator plans to issue 164.8 million new shares in a rights offering to existing shareholders at 5.55 baht per share, on the basis of one new share for every 11 shares held.The company also plans to issue 61.1 million new shares to Masthawin Charnvirakul through a private placement at the same price.Shareholders will also vote on the connected-party transaction related to the private placement.

BKK:STPI

Asia22d ago

Zheshang Securities Redeems Bonds for 1.02 Billion Yuan

Zheshang Securities (SHA:601878) redeemed a short-term bond for 1.02 billion yuan, according to a Shanghai bourse filing on Friday.The payment amount includes the principal amount of 1 billion yuan and interest.The bond had a coupon rate of 1.75% and a term of 336 days, maturing Wednesday, July 22.The Chinese securities company's shares fell 2% during the afternoon trade.

SHA:601878

Asia22d ago

NH Investment & Securities' Profit Jumps 91% in Q2; Shares Slip 3%

NH Investment & Securities (KRX:005940) posted a 91% year-over-year increase in net income attributable to shareholders to 489.6 billion won from 256.8 billion won in the second quarter, according to a Thursday filing with the Korea Exchange.Shares of the company fell nearly 3% in Friday's afternoon trade.The South Korea-based investment firm's sales increased 208% on year to 12.8 trillion won during the quarter.

KRX:005940

Asia22d ago

Karoon Energy Poised for Sharp Uplift in H2 Production With Compelling Oil Price Leverage, RBC Capital Markets Says

Karoon Energy's (ASX:KAR) second-quarter results were financially stronger than expected after it captured two Brazil Baúna oil shipments, setting the company up for stronger production in the second half of the year, RBC Capital Markets said in a Thursday note.As two Baúna oil production wells are now fully restored and a capital-intensive maintenance cycle is complete, the equity research firm expects a sharp production uplift in the second half to drive a step-change in generating free cash flow.A $10 per barrel rise in the price of Brent oil leads to a 30% increase in RBC's 2027 earnings per share forecast for Karoon, which "offers the most compelling oil price leverage" in the research firm's coverage, it said.However, RBC does not expect to see a production recovery at Who Dat oil and gas operations in the Gulf of Mexico until the fourth quarter of 2027 as riser issues remain an overhang. One riser requires a replacement, but RBC expects the operator to replace both risers next year as a precautionary measure.The investment firm upgraded its rating on Karoon Energy to outperform from sector perform with a price target of AU$2.The company's shares were 10% higher in recent Friday trade.

ASX:KAR

Asia22d ago

Zhongtai Securities Names Chief Wealth Officer

Zhongtai Securities (SHA:600918) appointed Zheng Hanyin as chief wealth officer, according to a Shanghai bourse filing on Friday.Zheng, an executive director of the company, will take over from Hu Zengyong, who resigned due to work requirements.The Chinese securities company's shares fell 2% during the afternoon trade.

SHA:600918

Asia22d ago

China Railway Signal & Communication Wins 1.71 Billion Yuan in Project Bids in May-June

China Railway Signal & Communication (SHA:688009, HKG:3969) won 1.71 billion yuan in bids across eight projects in May and June, according to a Friday filing with the Shanghai Stock Exchange.Five of the projects are intended for the railway market and have total bid amounts of 1.21 billion yuan, while the remaining three projects are intended for the urban rail transit market worth 499 million yuan.Shares fell 2% during Friday afternoon trading.

HKG:3969SHA:688009

Asia22d ago

China Railway Signal Wins Eight Rail Transit Projects

China Railway Signal & Communication (HKG:3969, SHA:688009) has been awarded eight major rail transit projects between May and June, including five railway contracts and three urban rail transit projects, according to a Thursday Hong Kong bourse filing.The railway contracts include projects for the Yining-Aksu Railway, Mianyang-Suining-Neijiang Railway, Shenshuo Railway, the procurement of CTCS-3 train control system on-board equipment for 350 km/h Fuxing trains, and the Zhangzhou-Shantou High-speed Railway (Guangdong section).The urban rail transit projects cover signal system and surveillance upgrades for Nanjing Metro Line 1, Jinan Rail Transit Line 9 Phase I, and Beijing Metro Fangshan Line Phase I, the company said.

HKG:3969SHA:688009

Asia22d ago

New Zealand Shares Flat; Chorus Fiscal Q4 Fiber Connections Rise to Over 1 Million

New Zealand shares were flat with a negative bias on Friday after oil prices spiked as the conflict in the Middle East intensified, raising concerns over inflation.The S&P/NZX 50 Index was little changed to close at 13,772.29.Brent crude oil futures were trading over $100 per barrel, after jumping 7% overnight to a two-month high of $102 per barrel. The Iran-aligned Houthis struck Saudi Arabian tankers in the Red Sea even as shipping remains constricted in the Straits of Hormuz.Meanwhile, the US reportedly plans to impose higher tariffs on goods from 60 trading partners.In domestic news, Jobs advertisements in New Zealand rose 0.2% month on month in June, extending a 19-month streak of growth, primarily driven by vacancies in the industrial and construction sectors, employment marketplace Seek said.In corporate news, Chorus (ASX:CNU, NZE:CNU) said fiber connections grew by 5,000 in the fiscal fourth quarter to 1.1 million, compared with a gain of 13,000 in the fiscal third quarter. The company said total fixed line connections fell by 4,000 in the June quarter to 1.2 million, compared with an increase of 3,000 in the previous quarter, as losses in copper connections outpaced gains in fiber connections.Gentrack Group (ASX:GTK, NZE:GTK) received notice that UBS Group and its affiliated entities decreased their holdings in the company to 5.584% from 6.668.

^NZ50ASX:CNUASX:GTKNZE:CNUNZE:GTK

Asia22d ago

Jiangxi Redboard Technology Commits 700 Million Yuan for HDI Capacity Expansion; Shares Fall 6%

Jiangxi Redboard Technology (SHA:603459) will invest up to 700 million yuan to upgrade and expand its high-precision high-density interconnect (HDI) circuit board production lines at its Ji'an facility in Jiangxi, China.The project involves procuring advanced mechanical drills, laser drills and forming machines to address capacity bottlenecks and ensure continuing revenue and profitability growth, according to a Friday filing with the Shanghai bourse.Construction is set to begin in January 2027 with a timeline of 24 months.Shares of the printed circuit board manufacturer declined 6% in recent trade.

SHA:603459

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