Joshua Cooper

Pro Medicus signs AUD33mn contract with University of Kentucky

Pro Medicus subsidiary, Visage Imaging, signed a 9-year, AUD33mn contract with the University of Kentucky. The deal involves deploying the Visage 7 Enterprise Imaging Platform to create a unified diagnostic imaging platform across the university. Implementation planning will begin immediately, with the platform set to go live during the second quarter of the year.

January 29, 2025 at 01:41 pm

Toho's Singapore operations to drive Asian expansion

Toho Co., Ltd. has announced the commencement of operations of its Singapore based subsidiary, Toho Entertainment Asia Pte. Ltd. on November 1, 2024. TEA will act as a key base for the company’s expansion plans into the Asian region, aiding revenue generation through IP and visual content licensing, product merchandising and marketing.

January 29, 2025 at 07:17 am

Dallah Healthcare to develop mixed-use Al-Nakheel Project

Dallah Healthcare has signed a sale and purchase agreement with Wahet Al-Nakheel Real Estate Fund for 16,800 square meters of land in Al-Nakheel District, valued at SAR195.65mn. Dallah Healthcare will contribute by obtaining in-kind units in the fund, and making a cash deposit of SAR8.69mn, aligning its total investment units with those of Dallah Real Estate and Tatweer. Managed by Aljazira Capital, the Fund will develop commercial, office, hospitality, and healthcare spaces.

January 28, 2025 at 10:29 am

Pinnacle Investment raises AUD400mn for strategic investments

Pinnacle Investment, in order to fund the strategic investments in VSS Capital and Pacific Asset Management, and other growth initiatives, raised AUD400mn on November 20, 2024. The institutional round comprised placement of 19.7mn of ordinary shares at AUD20.3 each.

January 24, 2025 at 02:27 pm

Nvidia partnership to boost MediaTek’s AI capabilities

MediaTek has teamed up with Nvidia to develop a new chip for AI supercomputers. The collaboration announced on January 7, 2025, is expected to benefit AI researchers, data scientists, and students. The initiative also aligns with the chip maker’s ongoing efforts to integrate AI capabilities into its product line.

January 23, 2025 at 01:53 pm

Ichigo Hotel taps Daiwa House for Fukuoka management

Ichigo Hotel REIT Investment has appointed Daiwa House as the property management company for The OneFive Marine Fukuoka, a hotel asset acquired in December 2024. Daiwa House was selected for its extensive experience with various asset types and its competitive pricing.

January 22, 2025 at 03:11 pm

Hoshizaki expands in SE Asia with ARICO acquisition

Hoshizaki Corporation’s subsidiary Hoshizaki Southeast Asia and sub-subsidiary signed an agreement on December 19, 2024, with Vietnam-based Asia Refrigeration Industry Joint Stock Company to acquire 51% stake for JPY1.4bn. This move will establish ARICO as Hoshizaki’s first manufacturing base in Southeast Asia, strengthening its business presence in Vietnam and the region.

January 21, 2025 at 04:24 pm

Ispace and Kurita Water collaborate for lunar program

Kurita Water Industries entered into a corporate partnership with Ispace on November 12, 2024, for the Hakuto-R lunar exploration program. The partnership aims to equip lunar landers with water processing systems, starting with Kurita’s ultrapure water for Mission 2.

January 20, 2025 at 04:25 pm

Nippon Shinyaku, REGENXBIO partner for MPS treatments in U.S. and Asia

Nippon Shinyaku and REGENXBIO have entered into an exclusive license agreement for RGX-121 and RGX-111, treatments for MPS (Mucopolysaccharidosis) II and I. Nippon Shinyaku will have exclusive commercialization rights in the U.S. and exclusive development and commercialization rights in Asia, including Japan. After U.S. approval, RGX-121 and RGX-111 will be marketed by NS Pharma, Inc., a subsidiary of Nippon Shinyaku.

January 17, 2025 at 01:00 pm

Surging 1H demand prompts Yonex to raise guidance

Yonex published its revised consolidated earning guidance for FY25 in November 2024. The company now estimates consolidated sales of JPY134bn, marking a 6.3% improvement from previous forecasts. Additionally, operating profit is now projected to be JPY13.1bn, with margins of 9.8%, up from JPY12.5bn. The market reacted positively to this development, with the stock price surging over 12% the next day.

January 16, 2025 at 02:38 pm

ComfortDelGro raises platform fees by up to 50 cents

ComfortDelGro has raised its platform fee for ride bookings from the current flat rate of S$0.70 to a variable rate ranging between S$1.0 and S$1.2. The increase will apply to rides booked via CDG C52's app, CDG Zig App, as well as the DBS PayLah! App and the Kris+ App. The hike is intended to counterbalance the rising manpower cost imposed by the platform workers Act.

January 15, 2025 at 04:21 pm

HKEX announce new rules to attract issuer and investors

Hong Kong Exchanges and Clearing announced new rules aimed at revitalizing Hong Kong as a preferred IPO venue. Effective July 1, 2025, independent non-executive directors can sit on up to six boards., with a three-year transition period for companies exceeding this limit to correct the situation. These changes aim to enhance board effectiveness, independence, and diversity.

January 14, 2025 at 01:05 pm

Sheng Siong’s latest result triggers target price revisions

Sheng Siong Group published its 3Q24 business update on October 29, 2024. The company reported a 5% YoY increase in revenue to S$363.2mn. Following the announcement of these results, the company received multiple upward revisions to its target price. PhillipCapital raised its target price to S$1.74 with an “Accumulate” rating, while RHB Bank raised its target price to S$2.00 with a “Buy” rating. Sheng Siong’s stock price appreciated around 4% since the announcement of results.

January 10, 2025 at 12:13 pm

REA Group kicks off fiscal year with strong 1Q results

REA Group reported its 1QFY25 results on 8 November 2024. The company reported an excellent 21% YoY increase in sales to A$413mn, driven by a 20% YoY increase in Australian revenue and a robust 42% YoY increase in Indian revenue. Stock was on uptrend since the result announcement and has hit an all-time-high of around A$257 on 5 December 2024.

January 09, 2025 at 12:56 pm

Prada S.p.A: Miu Miu’s explosive growth boosts sales

Prada S.p.A. recently released its 3Q24 business update on October 30, 2024. The company reported an 18% YoY revenue growth at constant exchange rates, reaching EUR3.8bn. The growth was primarily driven by the exceptional performance of the Miu Miu brand. Retail sales for Miu Miu surged by 97% in 9M24 and by 105% in 3Q24 at constant FX rates, attributed to the brand’s strong identity, innovative collaborations, and successful product launches.

January 08, 2025 at 02:35 pm

Japan Tobacco shares tumble amid mixed guidance

Japan Tobacco has revised its FY24 forecasts on October 31, 2024. The Group now expects total revenue of JPY3,163.5bn, compared to its previous guidance of JPY3,109bn, reflecting a YoY increase of 11.3%. The revised forecasts take into consideration the upward revisions of the pharmaceutical and tobacco businesses and are further aided by the contribution of Vector Group Ltd. (VGR), following its acquisition by the company. However, the net income has been revised downward by JPY8bn to JPY467bn, reflecting a 3.2% YoY decline.

January 08, 2025 at 02:25 pm

ROUND ONE's monthly update sparks investor confidence

ROUND ONE Corporation published its November sales data on December 5, 2024. The company has witnessed a YoY increase of 6.1% in total sales from existing stores in Japan to JPY6.9bn. The growth was aided by a 6.4% rise in sales from Bowling to JPY1.5bn and further complemented by a 5.3% increase in sales from Amusement to JPY3.6bn. In the USA, the company demonstrated much stronger YOY growth of 18.1% in total sales, reaching USD41.4mn. This was driven by 18.6% in Amusement sales, amounting to USD30.8mn, and a 20.7% growth in Food, Party, etc. totaling USD6mn. Driven by the positive sentiments, the company’s stock price reacted strongly, surging 11.7% the next day and reaching an all-time high of JPY1,383 on December 23, 2024.

January 06, 2025 at 01:23 pm

Baycurrent Inc: Title sponsorship agreement for the PGA TOUR

Baycurrent Inc (Baycurrent) announced about the multi-year sponsorship agreement signed for the PGA TOUR (premier golf tour tournament organization) in Japan. From 2025 onwards, PGA TOUR Tournament reimagined as “Baycurrent Classic” and relocates in “Yokohama Country Club”. By showcasing golf’s best players hailing from 28 countries, the PGA TOUR engages, inspires and positively impacts to the related parties. Virtually all tournaments are organized as non-profit organizations to maximize charitable giving. The company has entered this partnership with the hope of enhance brand recognition both domestically and internationally, as well as to enhance the corporate value.

January 02, 2025 at 12:26 pm

Daiichi Sankyo: Voluntary withdrawal of MAA in the EU for Dato-DXd

Daiichi Sankyo and AstraZeneca have voluntarily withdrawn the marketing authorization application (MAA) in the EU for datopotamab deruxtecan (Dato-DXd) for the treatment of adult patients with locally advanced or metastatic nonsquamous non-small cell lung cancer (NSCLC) on December 24, 2024. The decision to withdraw the application was based on the TROPION-Lung01 phase 3 trial.

December 31, 2024 at 12:23 pm

Bosideng International: Focus on core businesses boosts performance

Bosideng International (Bosideng) reported strong numbers for 1HFY25 (ended September 2024), in line with the recent positive trend. The company has consistently exceeded consensus revenue estimates in the last three quarterly reporting periods, thanks to revamped sales strategies, brand and product development, retail channel optimization, and digital transformation. Backed by positive fundamentals, the Group has announced an interim dividend of HKD0.06 per share for 1HFY25, marking a 20% increase YoY, with an attractive dividend yield of approximately 7%.

December 31, 2024 at 12:16 pm

Goodman Group: Share slide following CIC stake sale

Goodman Group (GMG) share price fell more than 5% on 4 December 2024, biggest intraday fall in last four months. Share of the company slid following a media report stating that China Investment Corporation (CIC) was selling GMG stocks worth A$1.9bn (US$1.23bn). According to Reuters, CIC offloaded 2.6% (50.4mn shares) in Goodman Group. CIC owned approximately 7.84% stake in Goodman Group as of July 31, 2024.

December 27, 2024 at 12:57 pm