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Kringle Pharma Starts Additional Phase Three Study on Oremepermin Alfa as Treatment for Acute Spinal Cord Injury

Kringle Pharma (TYO:4884) has begun an additional phase three clinical study in Japan testing oremepermin alfa as a treatment for patients with acute spinal cord injury (SCI), according to a Friday filing.The biopharmaceutical company plans to enroll 10 patients diagnosed with AIS grade A cervical SCI across three national SCI hospitals.The company's primary endpoint is the proportion of patients with improved neurological status to AIS grade C or better after six months.The additional phase three study includes refined eligibility criteria that enrich responders, with exclusion of patients with severe structural spinal cord damage on magnetic resonance imaging.

TYO:4884

Asia22d ago

Poly Developments and Holdings' Attributable Profit Slides 39% in H1

Poly Developments and Holdings' (SHA:600048) attributable profit fell 39% to 1.93 billion yuan in the first half from 3.16 billion yuan, after adjustments, in the year-ago period, according to preliminary data filed Friday with the Shanghai bourse.Earnings per share at the real estate company decreased to 0.16 yuan from 0.27 yuan.Total operating revenue declined 12% to 102.9 billion yuan from 116.9 billion yuan a year earlier.

SHA:600048

Asia22d ago

Jiangxi Redboard Technology to Construct 5-Billion-Yuan Cicruit Board Manufacturing Plant; Shares Slide 5%

Jiangxi Redboard Technology (SHA:603459) subsidiary Ganzhou Redboard Technology will invest 5 billion yuan for the construction of a high-end mSAP or modified semi-additive process precision circuit board project, according to a Friday filing with the Shanghai bourse.The company will construct the facility in the Longnan Economic and Technological Development Zone, Ganzhou, Jiangxi, China, beginning in January 2027.The investment will go to building decoration, equipment purchase and installation costs, purchase and installation of supporting power equipment, research and development investment, and initial working capital.Shares fell 5% during afternoon trading on Friday.

SHA:603459

Asia22d ago

Doosan Bobcat's Profit, Sales Rise in Q2

Doosan Bobcat (KRX:241560) posted a 63.9% year-over-year increase in net income attributable to shareholders of nearly 2 billion won from 1.21 billion won for the second quarter, according to a Friday filing with the Korea Exchange.Sales increased 11.2% to 24.47 billion won from 22.01 billion won for the three months ended June 30.The company declared a quarterly cash dividend of 400 won per share for the quarter, with a record date of August 7, and payout due on August 24.

KRX:241560

Asia22d ago

Market Chatter: Taiwan's Cabinet OKs High-Speed Rail Extension to Yilan from Taipei

Taiwan's Cabinet approved the High Speed Rail northern extension between Taipei and Yilan, Focus Taiwan reported Thursday.The rail project will be 60.6 km long and is estimated to take 11 years to build, with an estimated investment of NT$352.1 billion, the report said, citing Railway Bureau Director-General Young Cheng-chung.(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.)

Taiwan Weighted

International22d ago

India's Services Activity Slows in July, Flash PMI Shows

Services activity in India eased in July, with the HSBC Flash India Services Purchasing Managers' Index (PMI) falling to 53.1 from 57.4 in the previous month, according to preliminary data compiled by S&P Global and released on Friday.The reading missed the 59 forecast tracked by Trading Economics. A reading above 50 indicates expansion in the sector, while a figure below signals a contraction.The latest performance was driven primarily by increasingly challenging market conditions, competitive pressures, order cancellations, reduced client inquiries and shortages of key raw materials.

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Equities22d ago

RBC Updates Estimates for TotalEnergies After 'Relatively Soft' Q2, Commodity Price Deck Revision

RBC Capital Markets revised its forecasts for TotalEnergies (TTE.PA, TTE.L) after a model update to account for the energy group's "relatively soft" second-quarter results and the research firm's latest oil and gas price deck."While TTE continues to exhibit underlying upstream volume growth, its exposure to the Middle East has weighed on earnings in both the upstream and downstream, and in 2Q26 the company's trading positioning weighed on IG earnings. Looking forward, assuming gas prices remain close to current levels, we would anticipate a reversal of the trading 'underperformance' seen in 2Q26. However, the impact in 2Q also serves as a useful reminder that majors do seem to take directional positions on commodities, rather than it all being ['infrastructure-backed optimization']," according to a Thursday note.Analysts anticipate TotalEnergies will reaffirm its power segment growth plans at its investor day on Sept. 28 and commit to achieving positive free cash flow for the division from 2026 onwards."This brings TTE into a new phase, with a funding source of its dividend [untied] to oil and gas prices - a key differentiator versus peers. Offsetting this are some of the challenges to the investment case, including higher Middle East exposure (does building more pipelines out of the ME make it lower risk, or can they be damaged just as easily as facilities?), as well as higher execution risk at key projects such [as] in Mozambique, Uganda and Papua New Guinea. TTE offers elevated FCF/sh growth over time, but lower near-term FCF," the note said.Within this context, RBC noted that higher refining margins partly offset its lower oil price deck. As such, the research firm raised its EPS projection for full-year 2026 by 2% and reduced its 2027 forecast by 4%, while reiterating its outperform rating and price target of 85 euros on the stock.

$TTE.L$TTE.PA

Asia22d ago

Rich Capital Raises SG$1 Million Via Private Placement of Shares

Rich Capital (SGX:1U8) completed its placement of 18 million new shares at SG$0.071 each, raising SG$1.3 million, according to a Thursday Singapore Exchange filing.The newly issued shares represent about 32.9% of the company's enlarged issued share capital, increasing the total number of issued shares to 54.7 million from 36.7 million.The placement shares are expected to begin trading on the SGX Catalist at on July 24, the property developer said.

SGX:1U8

Asia22d ago

Jiangxi Redboard Technology to Invest 300 Million Yuan in New Plant; Shares Down 4%

Jiangxi Redboard Technology (SHA:603459) will invest 300 million yuan via subsidiary Ganzhou Hongban to build a new standardized production plant and auxiliary facilities in Jiangxi, China.The four-story, 29,000-square-meter plant will support the company's high-end precision printed circuit board capacity expansion for communications, consumer electronics, automotive and display applications.Construction is set to begin in October with a timeline of 24 months.Shares of the printed circuit board manufacturer declined 4% in recent trade.

SHA:603459

Asia22d ago

Santos Exits Q2 With More Positive Near-Term Outlook After Addressing Key Challenges, Jarden Says

Santos (ASX:STO) ended the June quarter with a more positive near-term outlook after resolving several challenges that impacted production and free cash flow, Jarden said in a late Thursday note.Commissioning issues at the company's Barossa operations in the Timor Sea, which dragged production and sales revenue, appear to be mostly addressed, while the Pikka project in Alaska is on track to hit plateau rates by the end of the current quarter, the equity research firm said.The company's June quarter production of 23.1 million barrels of oil equivalent came in 1% ahead of Jarden's forecast, but its sales revenue of about $1.35 billion was 5% below Jarden's estimate due to underlifted volumes in Papua New Guinea and a miss in realized liquefied natural gas price.Santos also downgraded its full-year production outlook by 3.8% at the midpoint to a range of 99 to 105 million barrels of oil equivalent. Jarden said that while it expected the cut, Barossa is now producing at 97% of "planned rates," suggesting a resolution of its performance issues.The investment firm expects Santos to benefit from its exposure to oil and LNG prices as the Middle East conflict continues to flow into higher commodity prices, although the lag effect means the true benefits won't be seen until the second half of the year.Jarden maintained an overweight rating on Santos while raising the target price to AU$7.90 from AU$7.65.The company's shares gained 2% in recent Friday trade.

ASX:STO

Asia22d ago

Oshidori International Boosts H1 Profit Forecast; Shares Jump 7%

Oshidori International (HKG:0622) now expects to report a profit of HK$297.1 million for the first half of 2026, compared with HK$95.0 million a year earlier, according to a Thursday Hong Kong bourse filing.The company had previously forecast a profit of more than HK$150.7 million.The upward revision reflects an increase in the group's share of earnings from an associate following an upward adjustment to the associate's financial results.Shares of the company jumped nearly 7% in recent trade.

HKG:0622

Asia22d ago

BNK Financial Group Completes 60 Billion Won Share Buyback

BNK Financial Group (KRX:138930) said it repurchased 3.49 million treasury shares totaling about 60 billion won under a trust contract, according to a Friday filing with the Korea Exchange.The South Korean financial holding company said that the share buyback was conducted between May 12 and June 18.

KRX:138930

International22d ago

India's Private-Sector Expansion Slows to Four-Year Low in July, Flash PMI Shows

Business activity across India's private sector expanded in July, with the HSBC India Composite Purchasing Managers' Index (PMI) falling to 54.3 from 57.1 in the previous month, according to flash data compiled by S&P Global and released on Friday.The reading remained well above the 50 mark that separates expansion from contraction.The moderation was driven by a sharp slowdown in the services sector amid challenging market conditions, competitive pressures, order cancellations, weaker client inquiries and shortages of key raw materials.The manufacturing PMI, released the same day, eased to 53.9 from 54.2 the previous month, while the services PMI business activity index declined to 53.1 from 57.4 in June.The manufacturing output index rose to 57 from 56.3.

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Asia22d ago

EBR Systems Says US FDA Reviewing Incident Where Patient Implanted with WiSE System Died During Post-Implant Echocardiogram, Shares Reach Four-Year Low

EBR Systems (ASX:EBR) said the US Food and Drug Administration (FDA) is reviewing an incident where, during post-implant echocardiograms, two patients at one site, implanted with the Wireless Stimulation Endocardially (WiSE) system, separately developed ventricular fibrillation, and one patient went into cardiac arrest, could not be resuscitated, and died, according to a Friday Australian bourse filing.Noting online speculation, the firm said the complications suffered by the two patients were not related to the procedure or the effective functioning of the system and were a result of the use of external echocardiography for imaging. It will provide a detailed risk assessment with its conclusion as part of the US FDA process.Its internal assessment is that this is an isolated event related to a disclosed risk that is mitigated when following the recommended echocardiography procedures. It added that it provides clear echocardiography guidelines and imaging procedures for patients implanted with the system.Its shares plunged past 9% in recent trading on Friday, reaching their lowest point in over four years.

ASX:EBR

International22d ago

India's Manufacturing Activity Slows in July, Flash PMI Shows

Manufacturing activity in India contracted in July, with the HSBC Flash India Manufacturing PMI falling to 53.9 from 54.2 the previous month, according to preliminary data from S&P Global released on Friday.A reading above 50 indicates expansion in the sector, while a figure below signals a contraction.The latest performance signals a "below-trend improvement in overall factory conditions," the report said.

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Asia22d ago

Nexen Forms 100 Million Won Solar Power Generation Company

Nexen (KRX:005720) has included Nexen Energy as a subsidiary in its holding company, according to a Friday filing with the Korea Exchange.Nexen Energy is a newly established entity focused on solar power generation and electricity sales.The manufacturing company holds 100% of Nexen Energy's shares, valued at 100 million won, according to the filing.

KRX:005720

Asia22d ago

Jia Yao Expects Return to H1 Profit

Jia Yao Holdings (HKG:1626) expects to report a net profit after tax of 11 million yuan to 15 million yuan for the first half of 2026, compared with a net loss of 22.2 million yuan a year earlier.The paper cigarette packages supplier attributed the expected turnaround to strong growth in its e-vapor MCU and control chip business and a recovery in its e-cigarettes business, according to a Thursday Hong Kong bourse filing.The company expects to release its interim results on Aug. 28.Shares of the company rose nearly 2% in recent trade.

HKG:1626

Asia22d ago

BlueScope Steel Says BlackRock Lifts Stake

BlueScope Steel (ASX:BSL) said Friday that BlackRock Group raised its stake in the company to 6.01% from 4.66%.BlackRock now holds 26.3 million shares of the firm as of Tuesday, BlueScope said in an Australian bourse filing.The company's shares declined nearly 1% in recent trading on Friday.

ASX:BSL

Asia22d ago

IQ Group Seeks Renewal, Expansion of Transactions Mandate

IQ Group (KLSE:IQGROUP) is seeking shareholders' approval to renew and expand its mandate for recurrent related-party transactions of a revenue or trading nature at its annual general meeting on Aug. 27, according to a circular issued on Thursday.If approved, the mandates will allow the company and its units to enter into the specified transactions in the ordinary course of business, the home convenience products manufacturer said.

KLSE:IQGROUP

Asia22d ago

Market Chatter: Samsung Electronics' $400,000 Bonus Leads to Labor Protests Across South Korea

Samsung Electronics' (KRX:005930) decision to award bonuses of over $400,000 to some of its employees has led to labor protests across major firms in South Korea, Bloomberg News reported Friday.Assembly-line workers at automaker Hyundai Motor (KRX:005380) plan to carry out a three-day partial strike next week to demand bonuses of up to 30% of consolidated profit, while unions at HD Hyundai Heavy Industries (KRX:329180) and LG Uplus (KRX:032640) are seeking payouts equal to at least 30% of operating profit, the report said.Employees at Hanwha Aerospace (KRX:012450) and HD Hyundai Electric (KRX:267260) seek bonus limitations removed, while workers at internet giant Kakao Corporation (KRX:035720) are demanding up to 15% of operating profit for bonuses, and technology firm Naver's (KRX:035420) union is establishing a coalition with affiliate unions to boost negotiations, Bloomberg News said.Kakao Corporation could not be reached while Hyundai Motor, HD Hyundai Heavy Industries, LG Uplus, Hanwha Aerospace, HD Hyundai Electric, and Naver did not immediately respond to' request for comment.Shares of Samsung Electronics fell over 8%, those of Hyundai Motor and HD Hyundai Electric declined over 9% and 7% respectively, while shares of HD Hyundai Heavy Industries fell more than 2% in recent trade. Shares of LG Uplus declined over 1% while those of Hanwha Aerospace added nearly 3%. Shares of Kakao and Naver declined nearly 4% and over 7%, respectively.(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.)

KRX:005380KRX:005930KRX:012450KRX:032640KRX:035420KRX:035720KRX:267260KRX:329180

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Equities22d ago

RBC Updates Estimates for TotalEnergies After 'Relatively Soft' Q2, Commodity Price Deck Revision

$TTE.L$TTE.PA