Financial Wire

Financial News

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Asia

SIM Technology's Core Business Revenue Falls 40% in March

SIM Technology's (HKG:2000) revenue from its core business fell 40% to HK$22.9 million in March from HK$38.4 million a year prior, according to a Friday Hong Kong bourse filing.The mobile communications company recorded total revenue of HK$25.8 million in the month, down 30% from HK$36.6 million in February.Total revenue for the three months ended March 31 was HK$93.4 million, down 19% from HK$114.9 million a year earlier.

$HKG:2000
Research

Affin Hwang Upgrades Hap Seng Plantations to Buy from Hold; Price Target is MYR2.70

Hap Seng Plantations (KLSE:HSPLANT) has an average rating of overweight and mean price target of 2.55 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://www..com/contact-us)

$KLSE:HSPLANT
Research

CICC Starts Guangzhou Innogen Pharmaceutical Group at Outperform with HK$28.10 Price Target

$HKG:2591
Research

CICC Starts Allied Machinery at Outperform with 68.87 Yuan Price Target

$SHA:605060
Research

Aletheia Capital Upgrades Wilmar International to Buy from Sell; Price Target is SG$4.61

Wilmar International (SGX:F34) has an average rating of overweight and mean price target of SG$3.72, 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://www..com/contact-us)

$SGX:F34
Research

Citi Upgrades Regis Resources to Neutral from Sell; Price Target is AU$8.10

Regis Resources (ASX:RRL) has an average rating of overweight and mean price target of AU$8.77, 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://www..com/contact-us)

$ASX:RRL
Research

Citi Upgrades Perseus Mining to Buy from Neutral; Price Target is AU$7

Perseus Mining (ASX:PRU) has an average rating of overweight and mean price target of AU$7.08, 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://www..com/contact-us)

$ASX:PRU
Research

Moelis & Company Upgrades Aspen Group to Buy from Hold; Price Target is AU$5.98

$ASX:APZ
Asia

MiTAC Logs NT$12.2 Billion Profit in March; Shares Rally 6%

MiTAC (TPE:3706) consolidated revenue of NT$12.2 billion for March, according to a filing with the Taiwan Stock Exchange on Thursday.Shares jumped over 6% in Friday's midday trade.The company did not provide year-on-year or monthly comparisons in the statement.

$TPE:3706
Research

Jarden Securities Starts Aspen Group at Overweight with AU$5.65 Price Target

$ASX:APZ
Research

Jarden Securities Downgrades Orora to Neutral from Buy; Price Target is AU$1.80

Orora (ASX:ORA) has an average rating of hold and mean price target of AU$1.80, 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://www..com/contact-us)

$ASX:ORA
International

Taiwan's Exports, Imports Rise in March

Taiwan's exports rose 61.8% year on year in March to a record $80.2 billion, while imports increased 38.3% on year to a record $58.9 billion, according to preliminary data released by the Ministry of Finance on Friday.Monthly, exports jumped 61% from February, while imports climbed 59.1%, the data showed.For January to March, cumulative exports totaled US$195.7 billion, up 51.1% from the same period a year earlier, while cumulative imports reached $142.8 billion, an increase of 34.8% from a year ago.

$^TWII
Research

Huachuang Securities Starts XD at Strong Buy with HK$100.90 Price Target

XD (HKG:2400) has an average rating of buy and mean price target of HK$86.95, 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://www..com/contact-us)

$HKG:2400
Research

Jefferies Upgrades PLS Group to Buy from Hold; Price Target is AU$6

PLS Group (ASX:PLS) has an average rating of hold and mean price target of AU$5.01, 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://www..com/contact-us)

$ASX:PLS
Research

Affin Hwang Upgrades Genting Plantations to Buy from Hold; Price Target is MYR5.90

Genting Plantations (KLSE:GENP) has an average rating of overweight and mean price target of 5.56 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://www..com/contact-us)

$KLSE:GENP
Asia

Glass Lewis Controversy Alert: TPI Polene

Glass Lewis issued a controversy alert for TPI Polene (BKK:TPIPL) shareholders ahead of the company's annual general meeting on April 24, according to a recent release.The alert relates to issues of corruption and environmental violations at the company.A criminal court convicted Prachai Leophairatana and the company in August 2025 for the joint use of 11 counterfeit land title deeds relating to mining operations.Leophairatana is up for election as director in the upcoming meeting.The company is also the subject of several civil judgments due to unlawful mining activities and is required to conduct large-scale environmental rehabilitation.TPI Polene could be fined more than 5.8 billion baht and additional interest if it fails to meet rehabilitation requirements.The company has started remediation measures and recognized about 479 million baht in provisions for mining-related litigation.The alert's rationale relates to potential material ESG risk and egregious governance practices and falls under environmental incident, other environmental issue, board effectiveness, ethics, and oversight issue.

$BKK:TPIPL
Asia

Orient Overseas Logs Nearly 8% Drop in Q1 Liner Revenue

Orient Overseas (International)'s (HKG:0316) liner revenue fell 7.6% year over year in the first quarter of 2026 to $2.14 billion, according to a Friday Hong Kong bourse filing.Total liftings increased by 1.7% and the loadable capacity jumped 4.3%, while the overall load factor was 2.1% lower than a year prior.Whereas, average liner revenue per twenty-foot equivalent unit (TEU) fell 9.1% year over year, the container shipping and logistics company said.

$HKG:0316
Research

Argonaut Securities Upgrades Monadelphous Group to Hold from Sell; Price Target is AU$28

Monadelphous Group (ASX:MND) has an average rating of hold and mean price target of AU$30.44, 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://www..com/contact-us)

$ASX:MND
Asia

NIBE Unit Completes Divestment of Nibe Aeronautics; Shares Up 4%

Nibe Defence and Aerospace, a subsidiary of NIBE (BOM:535136), has completed the sale of its equity shares in Nibe Aeronautics to Ganesh Nibe, according to a BSE filing on Friday.The company has transferred 1.52 million shares to Ganesh Nibe, following which Nibe Aeronautics is no longer a subsidiary of Nibe Defence and, accordingly, ceases to be a step-down subsidiary of the company.The company's shares were up nearly 4% in recent trade.

$BOM:535136
Equities

TotalEnergies Says Satorp Refinery Operations in Saudi Arabia Affected by Conflict

The operations at TotalEnergies' (TTE.PA, TTE.L) jointly owned Satorp refinery in Jubail, Saudi Arabia, were shut down after the site was attacked between Tuesday night and Wednesday amid the Middle East conflict.The incidents caused damage to one of the refinery's two processing trains. However, no casualties were reported, the oil giant said Friday, adding that it is evaluating the consequences for the refinery's operations.The refinery is 62.5% owned by Saudi Arabian Oil Co (SASE:2222), d/b/a Saudi Aramco, and the rest by TotalEnergies.

$SASE:2222$TTE.L$TTE.PA