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CMC Magnetics Sells Stake in Phison Electronics Worth NT$306 Million; Shares Drop 5%

CMC Magnetics (TPE:2323) sold 175,000 shares in Phison Electronics for a total of NT$306.3 million, according to a Wednesday Taiwan Exchange filing.Shares dropped about 5% in Thursday's afternoon trade.The shares were sold at an average price of NT$1,750.02 each, generating a gain of NT$2.51 million.Following the transaction, CMC Magnetics still holds 509,000 shares in Phison, representing a 0.23% stake.The company said the disposal was part of its portfolio management strategy.

$TPE:2323

Asia1d ago

Treasury Wine Estates Commentary On March Quarter Suggests Solid Depletions Growth Across Asia, Jefferies Says

Treasury Wine Estates' (ASX:TWE) commentary on the March quarter suggests solid depletions growth across Asia, suggesting Asia ex-China depletions grew 14% in the period, Jefferies said in a note on Wednesday.The value of luxury exports to Asia excluding China grew 25.4% year-over-year in the March quarter.The Chinese wine market is structurally smaller than in the pre-tariff era, particularly for higher-priced products, given anti-extravagance measures. This has been compounded by cyclically weaker domestic Chinese consumption. China is the largest export market, accounting for 25% of total exports by value and 73% of luxury exports by value.The value of luxury exports to Hong Kong was around 14% lower in the March quarter than in the prior-year quarter. Throughout the year, Singapore surpassed Hong Kong for the value of luxury wine exported for the first time in several years.The investment firm assigned Treasury Wine Estates a hold recommendation with a price target of AU$4 per share.

$ASX:TWE

Asia1d ago

Locksley Resources Advances Exploration at California Project in March Quarter; Shares Up 3%

Locksley Resources (ASX:LKY) advanced exploration at the Desert Antimony Mine within its Mojave project in California during the quarter ended March 31, according to a Thursday filing with the Australian bourse.Maiden diamond drilling started at the mine during the quarter, targeting extensions of the known high-grade stibnite mineralization below and along strike of the historic workings, the filing said.Additionally, the quarter saw the production of 99.5% purity antimony trioxide from mine feedstock in a bench-scale, X-ray diffraction analyzed test, per the filing.Shares rose nearly 3% in afternoon trade Thursday.

$ASX:LKY

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Financial News · Live Terminal

CMC Magnetics Sells Stake in Phison Electronics Worth NT$306 Million; Shares Drop 5%

Treasury Wine Estates Commentary On March Quarter Suggests Solid Depletions Growth Across Asia, Jefferies Says

Locksley Resources Advances Exploration at California Project in March Quarter; Shares Up 3%

CMC Magnetics Sells Stake in Phison Electronics Worth NT$306 Million; Shares Drop 5%

Treasury Wine Estates Commentary On March Quarter Suggests Solid Depletions Growth Across Asia, Jefferies Says

Locksley Resources Advances Exploration at California Project in March Quarter; Shares Up 3%

Keppel Reports Lower Net Profit in Q1; Shares Down 4%

Everwin Precision Technology Q1 Profit Down 28%; Shares Slip 4%

Strike Energy Reports Smooth Progress at Western Australia Well; Shares Fall 4%

Litian Pictures Raises HK$10 Million From Share Placement

Tovis' Net Attributable Income Jumps 77% in Q1; Shares Decline 4%

Omega Oil & Gas to Raise AU$60 Million via Share Placement; Shares Reach All-Time High

Systex Sells Entire Stake in Taiwan Futures Exchange for NT$1.9 Billion; Shares Drop 5%

Intron Technology Logs Lower 2025 Profit as Revenue Falls 9%

Run Long Unit Signs Construction Deals Worth NT$2.8 Billion; Shares Gain 3%

ANZ Group's Financial Education Program Launches Two New Modules

CapitaLand China Trust's Net Property Income Declines 3.5% in Q1

Samsung SDS' Net Attributable Income Declines in Q1

Manulife US REIT Secures 65-Month Lease Extension in the US

New Zealand Credit Card Spending Rises in March as Balances Decline

Conant Optical Secures Smart Glasses Supply Deal With Global Tech Client

Sun&L Wins KRW27.4 Billion 4.0cc Pump Supply Contract from AptarGroup

China Treasures New Materials Nets HK$46 Million via Share Placement