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Hui Lyu Ecological Technology, Subsidiary Pull Investments in Fund

Hui Lyu Ecological Technology (SHE:001267) and subsidiary Huilu (Sanya) Investment will redeem their investments from the Laoyou Yaoguang No. 1 Private Equity Investment Fund, according to a Thursday filing with the Shenzhen bourse.The listed company and Huilu (Sanya) invested 5 million yuan each in the investment fund units after tracking the fund's performance.

SHE:001267

Mining & Metals29d ago

Lundin Gold's Q2 Gold Production Falls YoY, On Track to Achieve 2026 Guidance

Lundin Gold (LUG.TO) reported second-quarter gold production of 118,994 ounces from the Fruta del Norte gold mine in Ecuador, down from 139,433 ounces in the year-ago period.The mill processed 500,143 tonnes of ore, up from 460,820 tonnes in the year-ago period, the company said Thursday. Lundin Gold is on track to achieve 2026 production guidance of 475,000 to 525,000 ounces."Second quarter production of 118,994 ounces of gold, in what was planned to be the weakest quarter of the year, emphasizes the strength of our operations," said Lundin Gold CEO Jamie Beck.

$LUG.TO

Asia29d ago

Osaka Organic Chemical Industry's Profit Surges 45% in Fiscal H1

Osaka Organic Chemical Industry's (TYO:4187) profit attributable to owners of the parent jumped 45% to 3.09 billion yen for the fiscal first half from 2.13 billion yen a year earlier.The chemical industry company's basic earnings per share increased to 151.76 yen from 103.71 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales jumped 15% to over 20 billion yen for the six months ended May 31 from 17.4 billion yen in the prior-year period.For the fiscal year ending Nov. 30, the company expects attributable profit of 5.2 billion yen, bacis EPS of 255.50 yen and net sales of 39 billion yen.The company plans to pay a year-end dividend of 43 yen per share for the year, which is higher than the amount paid in the year-ago period.

TYO:4187

Asia29d ago

Shandong Sunpaper to Invest 5 Billion Yuan for Pulp, Specialty Paper Facilities

Shandong Sunpaper (SHE:002078) will invest 5 billion yuan for pulp and paper production facilities in Nanning, China, according to a Thursday filing with the Shenzhen bourse.The paper manufacturer will build a 500,000-ton-per-year unbleached chemical wood pulp production line and a 600,000-ton-per-year specialty paper production line.

SHE:002078

Asia29d ago

Kinetic Development Acquires Property Developer in Property Swap Deal

Kinetic Development Group (HKG:1277) unit Shanxi Kinetic Yingtong Real Estate Development completed the acquisition of Taiyuan Seedland Taijing Real Estate Development from the Seedland group following regulatory approval, according to a Thursday Hong Kong bourse filing.The Hong Kong-listed developer had initially entered agreements in 2022 to acquire a portfolio of properties from Seedland.In December, it signed a supplemental agreement to give up the unregistered properties and instead acquire Taiyuan Seedland Taijing Real Estate Development, a Chinese real estate developer.Following acquisition completion, a prepayment of 803 million yuan made by Kinetic Development unit Kinetic (Qinhuangdao) Energy Group for the purchase of the properties has been fully offset, the filing said.

HKG:1277

Asia29d ago

Onward's Attributable Profit Increases 18% in Fiscal Q1

Onward's (TYO:8016) profit attributable to owners of the parent rose 18% to 5 billion yen for the fiscal first quarter from 4.3 billion yen a year earlier.The textile manufacturer's earnings per share increased to 37.07 yen from 31.44 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales rose 5.5% to 63.5 billion yen for the three months ended May 31 from 60.2 billion yen in the prior-year period.For the fiscal year ending Feb. 28, 2027, the company expects attributable profit of 11.2 billion yen, basic EPS of 82.34 yen, and net sales of 247 billion yen.Onward plans to pay a second-quarter and year-end dividend of 16 yen and 17 yen per share, respectively, for the year.

TYO:8016

US Markets29d ago

Uniqlo Owner Fast Retailing Raises Full Year Targets as Fiscal Nine-Month Earnings Jump

Fast Retailing (TYO:9983, HKG:6288) raised its full-year projections on Thursday on the back of a year-over-year earnings surge for the nine months ended May 31 that came in higher than its expectations.The owner of clothing brand Uniqlo said profit attributable to owners of the parent jumped 25.6% to 426 billion yen, while revenue increased 17.1% to 3.065 trillion yen. For the fiscal third quarter alone, attributable profit soared 39.1% to 146.7 million yen, supported by a 22.2% increase in revenue.The retailer attributed its strong quarterly performance to ongoing global communications and branding efforts, as it opened six new stores in North America, four in Europe and a global flagship store in South Korea.Against this background, Fast Retailing increased its consolidated growth estimates for the year ending August. The upgrades include an expected 3.970 trillion yen in revenue and attributable profit of 500 billion yen, compared with the respective estimates of 3.900 trillion yen and 480 billion yen that were provided in April."These upward revisions reflect the corporate performance through June as well as the decision to revise the exchange rates used to calculate fourth-quarter business estimates to bring them more in line with current actual rates," Fast Retailing's earnings statement said.Per region, the upside surprise in fiscal third-quarter readings also prompted higher estimates for South Korea, Southeast Asia, India, Australia, North America and Europe. Expectations for Greater China were unchanged as its plan for the region is proceeding as planned.At closing, the stock shed 2% in Tokyo.

HKG:6288TYO:9983

Asia29d ago

Chengxin Lithium Forecasts Up to 243% Rise in H1 Profit

Chengxin Lithium (SHE:002240) expects its attributable profit to rise 219% to 243% to between 1 billion yuan and 1.20 billion yuan in the first half from 841 million yuan in the year-ago period, according to a Thursday filing with the Shenzhen bourse.The lithium miner forecasts earnings per share to rise to 1.09 yuan and 1.31 yuan from 0.92 yuan a year earlier.Chengxin attributed the forecast to higher sales due to price increases of its lithium salt products.

SHE:002240

Equities29d ago

RBC Adjusts Forecasts for Repsol After 'Strong' Q2 Trading Update

RBC Capital Markets revised its model for Repsol (REP.MC), tweaking its earnings estimates for the Spanish oil and gas giant, noting a "strong" second-quarter production update underscored by robust downstream performance."Repsol's refining margin indicator was $14 [per barrel] in 2Q, with the premium to this expected to be in the region of ~$10/bbl. An all-in margin of $24/bbl was ahead of our estimate ($22/bbl) and ahead of market expectations. On top of this, European chemicals margins have been particularly strong in 2Q, and we expect Repsol's chemicals division to flip from loss making to profit," the research firm said Wednesday."We question the durability of this, but this drives upside to our 2Q numbers. Somewhat offsetting this was a slightly weaker production number in the upstream. However, Repsol noted exit rate production of [590,000 barrels of oil equivalent per day], well above the 558kboed reported in 2Q," analysts added.RBC sees room for higher share buybacks in 2026, with the potential for management to upgrade the annualized buyback to 1 billion euros from 700 million euros in the second quarter before another reassessment in the third quarter. Backed by an above-consensus oil deck of $89 per barrel and an all-in refining margin estimate of $18/bbl, the research firm projects a full-year 2026 repurchase total of 1.3 billion euros.Ahead of the company's second-quarter earnings report on July 23, the stock is maintained at outperform, with a price target of 32 euros.

$REP.MC

Equities29d ago

Shell Accepts $6.3 Billion of Notes in Exchange Offers

Shell (SHEL) received valid tenders for about $6.3 billion of outstanding unregistered notes in its previously announced exchange offers, the oil giant said Thursday.The company said about $6.3 billion of restricted notes were exchanged for an equal amount of newly registered notes issued by Shell Finance US and guaranteed by Shell.Settlement of the exchange offers is expected on July 13, it added.

$SHEL

Asia29d ago

AEON Financial Service's Profit Soars 106% in Fiscal Q1

AEON Financial Service's (TYO:8570) profit attributable to owners of the parent surged 106% to 8.97 billion yen for the fiscal first quarter from 4.36 billion yen a year earlier.The credit services company's earnings per share increased to 41.53 yen from 20.19 yen a year ago, according to a Tokyo bourse filing on Thursday.Operating revenues jumped nearly 13% to 153.9 billion yen for the three months ended May 31 from 136.6 billion yen in the prior-year period.It declared a second-quarter dividend of 25 yen per share and plans a year-end dividend of 28 yen per share for the year, which is higher than the total 53 yen per share paid in the year-ago period.For the fiscal year ending Feb. 28, 2027, the company expects attributable profit of 15 billion yen, basic EPS of 69.48 yen and operating revenues of 600 billion yen.

TYO:8570

Research29d ago

Iwai Cosmo Downgrades Askul to Neutral Plus from Outperform; Price Target is 1,400 Yen

Askul (TYO:2678) has an average rating of underweight and mean price target of 1,165.71 yen, 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)

TYO:2678

Asia29d ago

Seven & i Board Approves Cancellation of 284 Million Treasury Shares

Seven & i (TYO:3382) said its board approved the cancellation of 284.3 million treasury shares, representing 10.92% of its issued shares before the cancellation.Following the cancellation, expected to be completed by July 15, the total number of issued shares will be about 2.32 billion, according to a Tokyo bourse filing on Thursday.The number of treasury shares outstanding after the cancellation is expected to be about 5.5 million shares, based on holdings as of June 30 and excluding shares held under the board incentive plan and employee stock ownership plan.

TYO:3382

Asia29d ago

BOC Aviation Logs 50 Transactions in Q2

BOC Aviation (HKG:2588) executed 50 transactions in the second quarter of 2026, according to a Thursday Hong Kong bourse filing.The aircraft leasing company made 13 lease commitments and committed to the acquisition of nine aircraft and one engine.The company also saw sales of eight owned and two managed aircraft, and took delivery of 14 aircraft and one engine in the three months ended June 30.BOC Aviation has a portfolio of 811 aircraft and engines owned, managed, and on order. As of June 30, the company has 467 owned aircraft and 320 aircraft and one engine on order.

HKG:2588

Research29d ago

SBI Securities Starts Tosei at Buy with 2,060 Yen Price Target

TYO:8923

Research29d ago

Hong Leong Downgrades RHB Bank to Hold from Buy; Price Target is MYR8.30

RHB Bank (KLSE:RHBBANK) has an average rating of overweight and mean price target of 9.05 ringgit, 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)

KLSE:RHBBANK

Asia29d ago

Aviva to Acquire Remaining 26% Stake in Indian Life Insurance Venture

Aviva has agreed to acquire the remaining 26% stake in Aviva Life Insurance Co. India from its joint venture partner, Dabur Invest, taking its ownership of the insurer to 100%.The acquisition follows changes to India's foreign direct investment rules that allow foreign insurers to own up to 100% of local insurance companies.Aviva said the transaction will give it full strategic control of the business and is not expected to have a material financial impact.

^BSENifty 50

Mining & Metals29d ago

Earnings Flash (VLE.TO) Valeura Energy Reports Q2 Revenue $259.8M, vs. FactSet Est of $221.1M

$VLE.TO

Sectors29d ago

Commerzbank Says Equities, U.S. Stocks Futures Edge Higher as Middle East Tension Stay in Focus; Oil, Treasuries Steady

U.S. equity futures moved higher despite mixed performance across Asian equity markets, according to Commerzbank. Brent crude was steady at around $79 a barrel and Treasuries were rangebound.The U.S. launched another round of strikes against Tehran as President Donald Trump declared the ceasefire "terminated" and said he was unsure about pursuing a deal with Iran, wrote the bank in a note. Vice President JD Vance said Iran's nuclear programme had been destroyed and warned the U.S. would respond if the Islamic Republic tried to close the Strait of Hormuz.Minutes from the latest FOMC meeting reinforced the Federal Reserve's cautious stance, with most policymakers viewing the risk of persistently high inflation spilling over into inflation expectations as still high, said Commerzbank. While a few members saw scope for additional rate hikes, the FOMC unanimously agreed to keep interest rates unchanged.In Europe, Chairman Martin Schlegel said the Swiss central bank is ready to intervene in the foreign exchange market if needed, adding that medium-term inflation pressures have remained broadly unchanged. In France, Marine Le Pen has widened her lead in first-round presidential polls, according to the latest Ifop-Fiducial survey, following the recent court ruling that allows her to take part in the election.China's consumer price index inflation eased to 1.0%, less than market expectations, while the producer price index inflation was in line with forecasts.

$CXY

Asia29d ago

TCL Electronics Forecasts Up to 56% Boost in H1 Profit

TCL Electronics (HKG:1070) expects adjusted attributable profit of between HK$1.48 billion and HK$1.65 billion for the first half of 2026, up 40% to 56% from a year prior.The company anticipates a 10% to 20% year-over-year rise in revenue for the period to between HK$60.3 billion and HK$65.7 billion, according to a Thursday Hong Kong bourse filing.The company attributed the profit forecast to growth in its global operations, improvements in product mix by the TV segment, a boost in the monetization capability of its internet business wing, and higher profitability in its small and-medium-sized display segment.

HKG:1070

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