Maya Patel

Vitec enters new loan agreement; establishes MTN program

Vitec Software entered into a new loan agreement involving a multicurrency revolving credit facility with Nordea and SEB amounting to SEK3bn on February 10, 2025. The new facility, having a five-year tenor with extension options, replaces the existing revolving credit facility and acquisition loan credit.

March 10, 2025 at 08:36 am

Surge in the bottom line for Nishi-Nippon Financial in 9MFY24

Nishi-Nippon Financial announced the release of its 9MFY24 results on February 10, 2025. The company has reported ordinary income of JPY144.1bn in 9MFY24, marking a 3.9% YoY increase. Additionally, the net profit has seen a significant rise of 20%, amounting to JPY23.8bn. The capital adequacy ratio stood at 4% as of December 31, 2024.

March 07, 2025 at 09:19 am

Earnings boost sends Singapore Technologies shares soaring

Singapore Technologies reported a 12% YoY revenue increase to SGD11.3bn, with operating income growing by 18% to SGD1.1bn and net profit surging 20% to SGD702mn. These strong results led Nomura to raise its target price from SGD5.1 to SGD6.1, and Maybank Research to upgrade its rating to “buy” with a target price of SGD5.7. The stock soared over 16% following the release of the results and the encouraging broker upgrades.

March 06, 2025 at 08:27 am

Riyad Bank sees rise in key fundamental trends in FY24

Riyad Bank announced the release of FY24 results on February 12, 2025. The company reported strong performance during the year, reporting loan & advances growth of 17% and 19.9% rise in investments. As a result, total assets increased by 16% to SAR450.4bn, resulting in a notable increase of 4% in Net Special Commission Income (NSCI) to SAR12.9bn. Additionally, NSCI growth was aided by an improvement in asset yield and cost of fund management.

March 05, 2025 at 08:56 am

Robust rise in retail disbursement for PNB Housing in the third quarter

PNB Housing announced the release of its 3QFY25 results on January 21, 2025, wherein it has reported strong fundamental performance. Retail disbursement rose 31% YoY to INR53.8bn during the quarter; retail loan asset increased 17.5% YoY to INR706.8bn as of December 31, 2024.

March 04, 2025 at 08:35 am

Record container volume pushing revenues to an all-time high in 2024

Westports announced the release of FY24 results on January 23, 2025, reporting its highest-ever total revenue of RM2.3bn in a fiscal year. The performance was driven by handling of new record container volume of 10.98mn TEUs. Additionally, the handling of the import-export container volume reached a new record of 4.91mn TEUs. The Conventional segment also facilitated a new record throughput of 12.19mn MT of bulk cargo during the year, depicting higher economic activities in the region.

March 03, 2025 at 09:04 am

Pan Pacific’s US subsidiary to buy sushi chain The Mikuni Restaurant

Pan Pacific’s US subsidiary, Vanshow California, has recently announced its decision to acquire The Mikuni Restaurant Group, a sushi chain in Sacramento, California. As per the deal, Vanshow will acquire Mikuni’s eight locations in the Sacramento region and one in Concord. The deal, which is expected to close in the second quarter of 2025, is expected to create synergy between both entities.

February 28, 2025 at 11:37 am

BYD reports robust production and sales volume for January

BYD has announced the release of production and sales volume for January 2025 on February 2, 2025. Production volume of New energy vehicles surged 59.5% YoY to 327,864 units in January, with Passenger vehicles rising by 57.9% to 323,811 units and Commercial vehicles increasing by a staggering 755% to 4,053 units. Within Passenger vehicles, Battery electric vehicles rose 19.7% to 136,931 units, and Plug-in-hybrid electric vehicles increased 105.9% to 186,880 units.

February 27, 2025 at 08:22 am

SCREEN Holdings ups guidance on back of stellar 9M results

SCREEN Holdings reported robust 9MFY25 results on January 31, 2025, with net sales surging 32.2% YoY to JPY460bn. This growth was driven by increased capital investments in semiconductor miniaturization and packaging technology, spurred by generative AI and digital transformation advancements. Additionally, heightened investment in mature nodes in China and a recovery in display manufacturing bolstered sales. Net profit soared 56% to JPY69.5bn, reflecting the favourable market conditions.

February 26, 2025 at 09:25 am

Toei Animation’s earnings up, but shares down

Toei Animation reported an 8.3% y/y increase in net sales to JPY72.7bn, driven by strong performance in streaming rights and licensing, despite a decline in merchandise sales from "The First Slam Dunk." The rise in highly profitable streaming and licensing sales boosted operating profit by 31.5% to JPY23.4bn, leading to a 16% surge in net profit to JPY16.9bn. However, the market reacted negatively, with the share price plummeting over 13% the next day.

February 25, 2025 at 01:35 pm

TOMY partnered with DRAGON BALL to launch new products

TOMY Company's “TOMICA” entered into a collaboration partnership with "DRAGON BALL". The collaboration will launch the "Dream TOMICA x DRAGON BALL" series in 2025." The initial products from this collaboration will be "Son Goku's Kintoun" and "Bulma's Capsule No. 9 Motorcycle,". These items are scheduled for release in the spring of 2025 and will be available initially in 13 Asian regions, including Japan, Mainland China, Korea, Hong Kong SAR, Taiwan, Macau, Singapore, Malaysia, Thailand, the Philippines, Indonesia, Vietnam, and Cambodia.

February 24, 2025 at 09:16 am

Open Up’s share price boosted following positive 6MFY25 results

Open Up Group recently released its 6MFY25 results on February 7, 2025, wherein sales and profits increased steadily from the prior corresponding period. The company’s share price tracked the positive fundamental performance and surged by about 3% following the release of the results.

February 21, 2025 at 12:23 pm

SHO-BOND reports highest-ever operating profit for the first half

SHO-BOND Holdings released its 1HFY25 results on February 10, 2025, reporting a record operating profit JPY10.6bn, up 6% YoY. The company’s net sales rose 6.7% in net sales to JPY45.6bn. Notably, sales from construction projects for the national government grew by 43.2%, while sales to local governments grew by 27.8%, driven by a substantial order backlog at the beginning of FY25.

February 20, 2025 at 09:46 am

Dom Development’s subsidiary Euro Styl S.A. launches sale of new flats

Dom Development’s subsidiary, Euro Styl S.A., has launched the sales of the latest stage of the Konstelacja Residential Project in Tri-City on February 6, 2025. The launch comprises of sale of 86 flats in two newly completed buildings (C9-C10) in the Konstelacja project, which is a premium residential project situated in an attractive and peaceful location.

February 19, 2025 at 11:15 am

EClerx Services delivers top-line growth in 3Q

eClerx Services has released its 3QFY25 results on January 29, 2025, wherein it reported steady rise of 13.4% YoY in operating revenue to INR8.5bn. The total delivery headcount grew by 9.2% YoY to 18,514 as of December 31, 2024.

February 18, 2025 at 10:06 am

Blue Star’s share price surge following the release of 3Q results

Blue Star announced the release of its 3QFY25 results on January 29, 2025, demonstrating 25.3% YoY rise in revenues to INR28bn. The growth has been fueled by the sustained demand for room AC owing to soaring demand for the festive season. The stock price has surged by about 8% following the release of the third quarter results.

February 17, 2025 at 08:47 am

Solar Industries posts solid 3Q results

Solar Industries India reported its 3QFY25 results on February 5, 2025, demonstrating significant outperformance from the prior corresponding period. Sales increased 38% YoY to INR19.7bn, while EBITDA grew 46% to INR5.4bn. Consequently, net income surged by 52% to INR3.4bn.

February 13, 2025 at 08:55 am

Rise in AUM for Shriram Finance in 3Q

Shriram Finance has recently released its 3QFY25 results on January 24, 2025. The company has witnessed a decent growth trajectory over the period, with no major concerns on asset quality. AUM registered an increase of 18.8% YoY to reach INR2.5tn, driven by growth in Passenger Vehicles, Farm Equipment, MSMEs and 2-Wheelers.

February 12, 2025 at 08:26 am

Breville Group faces heat amid unfavourable US tariffs

Breville shares dipped around 1% to A$37.12 ASX on 5th February, following 10% import tariff levy on Chinese imports. The company has significant exposure to the US market, with almost half of its revenue coming from the US, and nearly all of that revenue is derived from goods manufactured in China. Additionally, Breville has built up inventory in the US since November 2024 to maintain pricing levels and has announced plans to relocate and move around 80% of the 120-volt production out of China by the end of 2025.

February 10, 2025 at 06:22 pm

Karur Vysya Bank adds new branches in Tamil Nadu

Karur Vysya Bank inaugurated 4 new branches in Tamil Nadu on January 27, 2025. The new branches will cater to all banking transactions, offering the entire spectrum of banking products and financial services to retail, institutional and consumer clients. The addition of new branches takes the total branch network of the bank to 870.

February 10, 2025 at 02:27 pm

HOYA announces share repurchase to improve capital efficiency

HOYA announced a share repurchase program on February 3, 2025, with the goal of improving capital efficiency for shareholders’ benefit. Accordingly, the company plans to repurchase approximately 3mn shares for a consideration of JPY50bn. The repurchase period starts from February 4, 2025, through April 21, 2025.

February 07, 2025 at 11:16 am