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Eoptolink Expects H1 Profit to Rise by Up to 103%; Shares Up 4%

Eoptolink Technology (SHE:300502) expects its net profit attributable to shareholders in the first half to jump by between 78% and 103% year on year to a range of 7 billion yuan to 8 billion yuan, according to a Shenzhen bourse filing on Monday.The attributable profit a year earlier was 3.94 billion yuan.The company attributed the forecast to an increase in revenue due to the growth in investment in artificial intelligence-related computing power. The non-recurring gains and losses will also increase net profit by approximately 19 million yuan.The optical transceiver module manufacturer's shares rose 4% during the morning trade.

SHE:300502

Asia23d ago

Malaysia Pension Fund Pursuing Recovery of eFishery Investment After Fraud Case

Malaysia's state pension fund Kumpulan Wang Persaraan (KWAP) said it invested 163.4 million ringgit in Indonesian agritech startup eFishery for a 2.51% minority stake and is pursuing "all available avenues to maximize recovery of the investment."The statement followed a Bloomberg report that Malaysia's anti-graft agency had launched an investigation into losses linked to KWAP's investment in eFishery.KWAP said the losses stemmed from deliberate financial manipulation at eFishery. The fund noted that co-founder and former Chief Executive Officer Gibran Huzaifah was sentenced to nine years in prison in April for embezzlement and money laundering.The pension fund said it has completed an internal review of the investment and strengthened its private market investment process and portfolio monitoring after the irregularities were uncovered.

FTSE Bursa Malaysia KLCI

Asia23d ago

Medi Lifestyle Appoints CEO; Shares Up 4%

Medi Lifestyle (SGX:Z4D) has appointed Tan Lee Seng as chief executive officer, with effect from Friday, according to a same-day filing to the Singapore bourse.Prior to the appointment, Seng was an executive director of the company.His responsibilities include the overall management and execution of the group's strategic objectives, including overseeing business development, driving corporate growth and expansion initiatives, and leading the group's performance and corporate planning activities.The company's shares were up nearly 4% in Monday's trade.

SGX:Z4D

Asia23d ago

Barkly Rare Earths Says Drilling Underway at Northern Territory Rare Earths Project, Shares Jump 7%

Barkly Rare Earths (ASX:BAK) said drilling was underway for its 10,000-meter phase one resource drilling program at its Barkly rare earths project in the Northern Territory, according to a Monday Australian bourse filing.It is targeting shallow mineralization around the existing inferred mineral resource of 40 million tonnes at a 2,100 parts-per-million grade of total rare earth oxides. Drilling is being conducted by Colling Exploration.Its shares jumped 7% in recent trading on Monday.

ASX:BAK

Asia23d ago

MGX Resources Reports Higher June Quarter Iron Ore Sales; Shares Rise 3%

MGX Resources (ASX:MGX) reported June quarter total iron ore sales of 944,000 wet metric tonnes, up from 632,000 wet metric tonnes a year earlier, according to a Monday filing with the Australian bourse.The amount of total iron ore sales during fiscal 2026 came in at 2.7 million wet metric tonnes, comprising 870,000 wet metric tonnes of high-grade iron ore products and 1.81 million wet metric tonnes of low-grade cargoes.After the completion of the shipments in late July, its Koolan Island iron ore operations site will transition to care and maintenance status.It is preparing for the start of the Groundrush gold deposit underground exploration decline at the Central Tanami project joint venture in the Northern Territory, with initial site works scheduled to begin in August.Its shares advanced 3% in recent trading on Monday.

ASX:MGX

Asia23d ago

Actinogen Says Results from Phase Two Trial of Therapy Candidate in Patients with Major Depressive Disorder, Cognitive Impairment Published

Actinogen Medical (ASX:ACW) said results from a proof-of-concept phase two randomized, double-blind, placebo-controlled trial of its therapy candidate, emestedastat or Xanamem, in patients with major depressive disorder (MDD) and cognitive impairment (CI) were published as a peer-reviewed article in the British Journal of Psychiatry, according to a Monday Australian bourse filing.The study enrolled 165 participants with clinically significant residual MDD and measurable CI. The trial showed that Xanamem was safe and well-tolerated.The antidepressant benefit compared with placebo was maximal at week 10 of the trial, with 2.7 points on the Montgomery-Asberg Depression Rating scale, during the blinded follow-up phase. A similar benefit was seen in key subgroups, including the 46% of patients who were on background selective serotonin reuptake inhibitor medication with 4.2 points on the Montgomery-Asberg Depression Rating scale.Further Xanamem trials in MDD will depend on future funding and partnership arrangements, the filing added.Its shares fell over 1% in recent trading on Monday.

ASX:ACW

Asia23d ago

Peric Special Gases' H1 Profit Jumps 96%, Revenue Rises 83%; Shares Down 13%

Peric Special Gases' (SHA:688146) net profit attributable to shareholders in the first half jumped 96% to 347.9 million yuan from 177.8 million yuan in the previous year, according to a Shanghai bourse filing on Saturday.The Chinese electronic specialty gases manufacturer's shares dropped 13% during Monday's morning trade.Earnings per share rose 94% year on year to 0.66 yuan from 0.34 yuan.Operating revenue climbed 83% to 1.90 billion yuan from 1.04 billion yuan a year earlier.

SHA:688146

Asia23d ago

China Merchants Energy Shipping to Order Six Ore Carriers

China Merchants Energy Shipping (SHA:601872) plans to order six 343,000-deadweight-ton ore carriers through a related-party deal with China Merchants Shipbuilding.The total investment is capped at 4.93 billion yuan, with deliveries scheduled between 2029 and 2030, according to a weekend filing with the Shanghai bourse.Shares of the fleet operator rose 2% in recent trade.

SHA:601872

Asia23d ago

Light & Wonder Expected to Deliver Broadly In Line Q2 Results, Jarden Says

Light & Wonder's (ASX:LNW) second-quarter results are expected to be broadly in line with expectations, with Jarden forecasting adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $367 million, the investment firm said in a July 19 note.Recurring revenue drivers continue to boost the company's earnings quality, and Jarden estimates Light & Wonder is on track for full-year adjusted EBITDA growth of around 6% to $1.53 billion.The equity research firm expects the company's second-quarter gaming revenue to increase 8% year over year to $569 million, and also anticipates a sequentially better quarter on outright sales.Light & Wonder's "revenue mix continues to improve in quality, with the recurring drivers maintaining momentum," Jarden said. It added that the company's underlying demand backdrop remains intact, with US land-based gross gaming revenue trends proving to be resilient.The investment firm remains constructive on both Aristocrat Leisure (ASX:ALL) and Light & Wonder, but with a "strong preference" for the latter on valuation grounds, it said.Jarden maintained a buy rating on Light & Wonder with a target price of AU$182.

ASX:LNW

Asia23d ago

Darco Water's China Arm Sued by Shanghai Tongji Construction Over Substandard Equipment

Darco Water Technologies (SGX:BLR) said its China-based subsidiary, Wuhan Kaidi Water Services, received writ and statement of claim from the Shanghai Yangpu District People's Court in relation to a case by Shanghai Tongji Construction, in early June, according to a Friday filing to the Singapore Bourse.The suit relates to the equipment procurement contract for the Yuanyang Lake Wastewater Treatment Plant Project at Ningdong, wherein Shanghai Tongji claims, among other things, that certain equipment provided by Wuhan Kaidi did not meet the required technical and performance standards.Shanghai Tongji claims that it has suffered losses as a result of the substandard equipment and has sought compensation amounting to 13.4 million yuan on a provisional basis, including 3.4 million yuan in equipment cost and 10 million yuan in resulting damages.

SGX:BLR

International23d ago

South Korea Unveils Roadmap to Make Won Freely Exchangeable Globally

The South Korean government on Sunday unveiled the won internationalization roadmap designed to transition the won from a heavily regulated asset into a freely convertible currency.The plan includes building infrastructure for around-the-clock, location-free trading, according to a statement by the finance ministry on Monday.Authorities also pledged to maintain balanced risk management measures alongside the gradual push for internationalization.The joint effort involves the Ministry of Economy and Finance, the Financial Services Commission, the Bank of Korea, the Financial Supervisory Service, and the Korea Securities Depository.

KOSPI

Asia23d ago

Bank of Hangzhou Says Share Placement Plan Expires

Bank of Hangzhou (SHA:600926) said the validity of its share placement plan has expired, according to a Shanghai bourse filing on Saturday.The lender's shares rose 1% during Monday's morning trade.The plan expired on July 17, 12 months after shareholders approved extending its validity.The expiry will not affect the lender's operations or shareholders' interest, the company said.

SHA:600926

Asia23d ago

Shanghai Seer Intelligent's IPO Stabilization Period Ends

Shanghai Seer Intelligent Technology's (HKG:6106) over-allotment option for its Hong Kong initial public offering expired unexercised after the end of the stabilization period on Saturday, according to a same-day bourse filing.During the stabilization period, the stabilizing manager over-allocated 1.6 million H-shares, representing about 15% of the total offer shares under the global offering.The stabilizing manager also purchased 1.6 million H-shares on the market at prices ranging from HK$71.00 to HK$101.60 per share to cover the over-allocations.The last purchase was made on July 17 at HK$72.55 per share.

HKG:6106

Asia23d ago

CICC Wealth Unit Posts H1 Net Profit of 2.39 Billion Yuan

China International Capital (SHA:601995, HKG:3908), or CICC, subsidiary CICC Wealth reported first-half net profit of 2.39 billion yuan.The wealth subsidiary achieved operating revenue of 6.14 billion yuan during the period, according to a weekend filing with the Shanghai bourse.Shares of the financial services provider rose 2% in recent trade on the Shanghai and Hong Kong bourses.

HKG:3908SHA:601995

Asia23d ago

Pilbara Gold's Pre-Feasibility Study for Western Australia Project on Track for 2027

Pilbara Gold's (ASX:PGL) pre-feasibility study for the Mt York project in Western Australia remains on track in the period ended June 30, with completion expected in the second quarter of 2027, according to a Monday filing with the Australian bourse.Drilling is in progress to test extensions at depth along the banded iron formation-hosted gold trend to support an updated mineral resource estimate, with five rigs on site and a sixth rig expected by the end of the month, the filing said.Meanwhile, drilling started at the Terra and Caliburn prospects, within the Roe Hills project, upon completion of Aboriginal heritage surveys, per the filing.

ASX:PGL

Asia23d ago

WAM Income Maximiser's Investment Portfolio Performance Grows 19%

WAM Income Maximiser's (ASX:WMX) investment portfolio performed 19.2% higher in the 12 months ended June, with 17.1% less volatility than the S&P/ASX 300 Accumulation Index, according to a Monday filing with the Australian bourse.The company's investment portfolio performance in fiscal 2025 was 19.4%, a separate filing said.The annualized September fully franked dividend yield on average pre-tax net tangible assets for the year ended June 30 is 6.9%, including the value of franking credits, per the filing.Shares rose 1% in midday trade on Monday.

ASX:WMX

Equities23d ago

Update: Market Chatter: Shell Said to Begin Search for Drilling Contractor on Offshore Gas Project in Venezuela

(Updates to add Shell statement)Shell (SHEL.L, SHELL.AS) launched the tender process for a drilling services contract linked to the Dragon offshore gas project in eastern Venezuela, Reuters reported Tuesday, citing two people familiar with the process.The energy giant is expected to award the contract by the end of September 2026, with the drilling of four wells targeted to begin in the second quarter of 2027, according to the report.The contract is reportedly subject to a positive final investment decision for the project.In an emailed statement to, Shell said it continues to develop the Dragon project "in full compliance with applicable laws, regulations and sanctions."(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.)

$SHEL.L$SHELL.AS

Asia23d ago

SDIC Power's Electricity Generation Drops 15% in Q2

SDIC Power (SHA:600886) generated 32.5 billion kilowatt-hours of electricity in the second quarter, down 14.8% from a year earlier, according to a Saturday filing on the Shanghai bourse.The state-owned utility's on-grid electricity for the April-June period similarly fell 15.2% year over year to 31.46 billion kWh. The contraction was driven by reduced rainfall and lower water inflows in the river basins feeding its hydropower subsidiaries, including Yalong River Hydropower Station and the Xiaosanxia Hydropower Station.For the first half of 2026, total power generation slipped 8.7% to 70.36 billion kWh, while total on-grid electricity dropped 8.88% to 68.50 billion kWh.Despite the volume drop, the company noted that its average H1 on-grid tariff edged up 3.68% to 0.366 yuan/kWh due to capacity payments and commercial marketing adjustments.

SHA:600886

Asia23d ago

USP Group Unit Commences Legal Proceedings Against Former Employees

USP Group's (SGX:BRS) subsidiary, Supratechnic (M), commenced legal proceedings against former employees, Kan Bright Pan and Yip Slew Hong, along with certain other parties, in the High Court of Malaya, in Malaysia, according to a Friday filing with the Singapore Exchange.The first case management has been fixed before the court on Aug. 17.Earlier, the company had terminated the employment of the aforementioned employees and had also hinted at pursuing legal claims against them, arising during their employment with Supratechnic M.

SGX:BRS

Asia23d ago

Samsung Electronics to Unveil Next-Gen Foldables

Samsung Electronics (KRX:005930) is expected to unveil a lineup of new foldable devices featuring its recently announced Flex Titanium technology, which integrates a titanium-alloy film and plate to balance slimness, flexibility, and strength.Samsung is expected to unveil a range of new devices, including next-generation foldable smartphones and smart glasses, at its Galaxy Unpacked event in London this week, the Korea Times reported on Monday, citing industry observers.Built on seven generations of foldable expertise, the redesigned display structure reduces crease visibility and enhances durability for a more refined viewing experience, according to a statement by Samsung.Samsung's senior operating executive, Sunghoon Moon said the innovation directly addresses user demands for immersive, large-screen experiences without compromising portability or robustness.

KRX:005930

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