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Allcargo Global Acquires 25% Stake in Group Services Firm; Shares Plummet 4%

Allcargo Global (NSE:AGL, BOM:544602) has acquired a 25% stake in promoter group entity Allcargo Group Services for 353,480 rupees, making the company an associate.The acquisition involved the purchase of two equity shares, according to an Indian bourse filing on Thursday. The investment is aimed at centralizing shared services across the group's businesses.Shares of the company fell 4% in recent trade.

BOM:544602NSE:AGL

Asia28d ago

AIZO Construction Secures MYR9 Million Subcontract; Shares Rise 17%

AIZO Construction (KLSE:AIZO) secured a 9.1 million ringgit letter of award from Xense Design for road and drainage works at a proposed transit-oriented development in Malaysia, according to a Friday filing with the Malaysian Exchange.The subcontract, secured by subsidiary AIZO Construction, comprises three blocks of serviced apartments with 2,796 units and ancillary facilities.Shares of the construction company rose 17% in recent trade.

KLSE:AIZO

Asia28d ago

Aten International's Revenue Soars 35% in June

Aten International (TPE:6277) posted consolidated June revenue of NT$487 million, up 35% from a year earlier, according to a Thursday Taiwan Exchange filing.The company attributed the surge to stronger sales across its IT Infrastructure Access Management, Professional Audio/Video and USB product lines, as well as growth in Europe, Asia and the Americas.For the first six months of 2026, consolidated revenue increased 13% year-on-year to NT$2.64 billion. The growth was driven by 15% expansion in IT Infrastructure Access Management sales, 7.8% growth in USB products and a marginal 0.1% increase in Professional Audio/Video products.

TPE:6277

Asia28d ago

China Art Financial Signs LOI for Potential Acquisition of Asset Manager

China Art Financial Holdings (HKG:1572) signed a non-binding letter of intent to acquire 100% of Sauder Global Investment Management.Sauder Global Investment Management conducts securities dealing, securities advisory and asset management businesses, according to a Thursday Hong Kong bourse filing.The parties are negotiating the terms of the proposed deal, and no binding agreement has been signed. China Art Financial will conduct due diligence on the target during the exclusivity period.

HKG:1572

Asia28d ago

Nomura Adjusts Asymchem Laboratories (Tianjin)'s Price Target to 175.98 Yuan From 132.37 Yuan, Keeps at Buy

Asymchem Laboratories (Tianjin) (SHE:002821) has an average rating of buy and mean price target of 153.90 yuan, 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)

SHE:002821

US Markets28d ago

Tata Consultancy Services Posts Higher Fiscal First-Quarter Earnings; Order Book Shrinks

Tata Consultancy Services (NSE:TCS, BOM:532540) delivered higher earnings for the first quarter of the 2027 fiscal year despite a challenging macroeconomic environment.However, the Indian IT services and consulting company posted a drop in its order book despite a number of deals made for the year.Profit attributable to shareholders increased to 133.5 billion Indian rupees in the quarter ended June 30, from 127.6 billion rupees a year ago, according to a Thursday Indian bourse filing.Earnings per share climbed to 36.90 rupees from 35.27 rupees a year earlier.Revenue from operations edged up 14% year on year to 722.8 billion rupees from 634.4 billion rupees. Jefferies said the revenue figure slightly missed their estimates.Tata Consultancy's order book declined to $9.5 billion from $12 in the prior quarter, despite a number of deals made.The company secured several contracts and scaled its AI revenue run rate to $2.6 billion. Notable agreements include an $800 million deal to modernize the global IT infrastructure of Swedish manufacturing major SKF; a partnership with AI giant Anthropic in June to establish a dedicated business unit, bringing the Claude AI assistant to 50,000 TCS employees; and an IT modernization deal wth Norwegian packaging firm Elopak and Canada Life."Q1 FY27 reflects continued growth momentum and the strength of our strategic positioning, despite geopolitical and macro-economic headwinds," K Krithivasan, Tata's chief executive officer and managing director, said."We delivered a strong order book of $9.5 billion, including a marquee AI-led transformation deal with SKF, while continuing to add clients across key revenue bands and scaling our AI business to a $2.6 billion annualized revenue run rate."Jefferies said Tata's margins are expected to stay within the range in the absence of strong revenue growth."Weak growth across key regions, flat year-on-year bookings and continued AI-led revenue deflation should keep TCS's growth in check," Jefferies said in a Thursday release.The company's board declared an interim dividend of 12 rupees per share, payable July 31 to shareholders on record by July 15.

BOM:532540NSE:TCS

Asia28d ago

Nomura Adjusts Asymchem Laboratories (Tianjin)'s Price Target to HK$131.48 From HK$115.43, Keeps at Buy

Asymchem Laboratories (Tianjin) (HKG:6821) has an average rating of buy and mean price target of HK$132.96, 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)

HKG:6821

Asia28d ago

Nomura Adjusts Innovent Biologics' Price Target to HK$123.17 From HK$114.64, Keeps at Buy

Innovent Biologics (HKG:1801) has an average rating of buy and mean price target of HK$119.69, 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)

HKG:1801

Asia28d ago

Nomura Adjusts WuXi AppTec's Price Target to HK$180.22 From HK$157.07, Keeps at Buy

WuXi AppTec (HKG:2359) has an average rating of buy and mean price target of HK$166.54, 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)

HKG:2359

Asia28d ago

Nomura Adjusts WuXi AppTec's Price Target to 164 Yuan From 142.93 Yuan, Keeps at Buy

WuXi AppTec (SHA:603259) has an average rating of buy and mean price target of 150.85 yuan, 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)

SHA:603259

Asia28d ago

Gemtek Technology Reports NT$1.19 Billion June Revenue

Gemtek Technology (TPE:4906) reported consolidated revenue of NT$1.19 billion for June, according to a Thursday Taiwan Exchange filing.Cumulative consolidated revenue for the first six months of 2026 reached NT$6.71 billion.The wireless and broadband communications equipment maker did not provide comparative year-over-year figures or additional details in the announcement.

TPE:4906

Research28d ago

Jarden Research Starts Skinkandy at Overweight with AU$2.90 Price Target

ASX:SK1

Asia28d ago

Jarden Research Adjusts Jumbo Interactive's Price Target to AU$10.80 from AU$10.50, Keeps at Overweight

Jumbo Interactive (ASX:JIN) has an average rating of overweight and mean price target of AU$9.55, 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:JIN

International28d ago

German Annual Inflation Slows to 2.3% in June, Final Data Shows

Confirming the flash estimate, Germany's annual inflation rate declined to 2.3% in June from 2.6% in May, final data from the country's Federal Statistical Office showed Friday.On a monthly basis, consumer prices were down 0.3%, matching the preliminary reading.The annual harmonized inflation rate for June stood at 2.4%, consistent with the flash data and compared with 2.7% earlier. Month over month, harmonized consumer prices fell 0.2%, as expected.

^SXXP

Asia28d ago

Capchem Expects H1 Profit to Soar Up to 113%; Shares Down 6%

Shenzhen Capchem Technology (SHE:300037) expects its net profit attributable to shareholders for the first half to soar between 100% and 113% to a range of 970 million yuan to 1.03 billion yuan, according to a Shenzhen bourse filing on Friday.The attributable profit in the previous year was 483.8 million yuan.The electronic chemicals manufacturer's shares dropped 6% during Friday's afternoon trade.

SHE:300037

Asia28d ago

Canmax Expects to Return to Profit in H1

Canmax Technologies (SHE:300390) expects to return to profit in the first half, posting a net profit attributable to shareholders of between 2.20 billion yuan and 2.40 billion yuan, according to a Shenzhen bourse filing on Friday.The attributable loss a year earlier was 92.8 million yuan.The new energy materials manufacturer's shares fell 2% during the afternoon trade.

SHE:300390

Asia28d ago

Market Chatter: SRKK AI Expects 'Meaningful Revenue' from Indonesian Business in Three Years

Malaysia's SRKK AI (KLSE:SRKKAI) is eyeing its Indonesian operations to generate "meaningful revenue" within three years, the country's news agency, Bernama, reported Friday.The targeted timeframe is shorter than the time it took the digital transformation company to generate returns from its experience in Singapore, the report quoted SRKK AI chief executive Yew Lip Sin as saying.The company made a strong debut on Bursa Malaysia's ACE Market on Thursday.(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.)

KLSE:0466

Asia28d ago

ANA Invests in AlgaleX Through Future Frontier Fund

ANA (TYO:9202) said that it has invested in the biotechnology company AlgaleX through its 8 billion yen venture fund, ANA Future Frontier Fund, according to a Friday release.The Japan-based airline holding company said AlgaleX develops edible algae and operates a BioFarm business through a proprietary AI-powered cultivation control technology, Touji-24.The new funding will support AlgaleX in building a sustainable food production ecosystem.

TYO:9202

Asia28d ago

Yunnan Energy New Material Projects H1 Turnaround; Shares Down 7%

Yunnan Energy New Material (SHE:002812) forecasted first-half attributable net profit of between 736.0 million yuan and 900.0 million yuan, compared with loss of 93.1 million yuan the previous year.The turnaround is attributed to booming demand in the downstream lithium battery separator market and price recovery, according to a Friday filing with the Shenzhen bourse.H1 basic earnings per share will range between 0.75 yuan and 0.92 yuan, versus last year's loss per share of 0.10 yuan.Shares of the new materials manufacturer fell nearly 7% in recent trade.

SHE:002812

Equities28d ago

Adnoc Logistics & Services Awards $900 Million LNG Carriers Contract to China's Jiangnan Shipyard

Adnoc Logistics & Services (ADX:ADNOCLS) awarded a $900 million contract to Chinese shipbuilder Jiangnan Shipyard for four additional liquefied natural gas carriers.The vessels, each with a capacity of 175,000 cubic meters, are slated for delivery in 2029, according to a Friday release. The energy maritime logistics company previously took delivery of six such carriers from Jiangnan Shipyard.Adnoc Logistics & Services noted that the four new vessels, along with eight others being developed at Samsung Heavy Industries and Hanwha Ocean, take its total newbuild liquefied natural gas carrier program to 18 vessels.

ADX:ADNOCLS

Showing 16861-16880 of 69598

US Markets28d ago

Tata Consultancy Services Posts Higher Fiscal First-Quarter Earnings; Order Book Shrinks

BOM:532540NSE:TCS