Maya Patel

Philippine National Bank appoints Edwin Bautista as CEO

PNB has appointed Edwin Bautista as its new president and CEO, effective April 29, 2025. Bautista will replace Florido Casuela, who will continue to serve the bank as a strategic advisor on the Board. In addition, Bautista, former president and CEO of Union Bank of the Philippines, will take Casuela’s seat on PNB's Board of Directors.

April 11, 2025 at 06:28 am

Alinma renews credit agreement with Scientific & Medical Equipment

Alinma renewed a Sharia-compliant credit facilities agreement with Scientific & Medical Equipment House Co. on April 8, 2025. The agreement, valued at SAR265m, is expected to finance current and future projects for Scientific & Medical Equipment House.

April 10, 2025 at 05:38 am

Receipt of NSF accreditation by Ebara's group company for pumps

Ebara’s group company, Ebara Vietnam Pump Company Limited, has obtained accreditation from the National Sanitation Foundation for its water supply market pumps. NSF accreditation, used primarily in the US and Canada to recognize products that meet hygiene, quality, and safety standards, will help EBARA to further its target of creating a sustainable society, which remains one key aspect in E-Vision 2030.

April 09, 2025 at 05:59 am

Sunway Construction secured RM1.5bn related-party contract

Sunway Construction has recently secured an RM1.5bn contract for construction works for the Rapid Transit System Transit-Oriented Development at Bukit Chagar, Johor. This is a related party transaction, with the contract being awarded to the group’s wholly owned subsidiary, Sunway Construction Sdn Bhd, by Sunway Integrated Properties Sdn Bhd.

April 08, 2025 at 05:48 am

Wistron reports rise in key metrics in 2024

Wistron released its 2024 results on February 24, 2025, with revenue increasing of 21% y/y to NTD1,049bn, driven by robust sales in major products including computer, communication and consumer electronics. Operating income surged 42.3% to NTD39bn, while margins saw edged up 55bp to 3.7%. Net income therefore jumped by 52.1% to NTD17.4bn.

April 07, 2025 at 05:39 am

Market cheers Avanza Bank's positive 2024 performance

Avanza Bank released its preliminary financial statement for 2024 on January 21, 2025. The group reported an increase in customers’ savings capital from SEK782bn as of December 31, 2023, to SEK955bn as of December 31, 2024, up 22%. In addition, the company recorded its second-highest-ever net inflows in 2024, reaching SEK86bn. The stock surged over 13% on the same day to settle at SEK322.2, following the release of the results.

April 04, 2025 at 06:02 am

Wiwynn showcases latest products at NVIDIA GTC 2025

Wiwynn made its presence felt at NVIDIA GTC 2025, showcasing its latest AI computing and cooling solutions. In particular, the company demonstrated the NVIDIA GB300 NVL72, a cutting-edge AI server powered by NVIDIA Blackwell Ultra. The product sports a fully liquid-cooled, fan-less design for superior thermal efficiency and AI acceleration.

April 03, 2025 at 05:56 am

Cowell e Holdings posts solid growth in 2024

Cowell e Holdings announced its FY 24 results on March 20, 2025, registering a huge 170% y/y increase in revenue to USD2,494.3m, driven by proactive measures, such as a continued focus on technological innovation and product upgrades, along with its expansion into emerging markets. Sales were also complemented by increased orders for new rear-end camera modules from clients. Net profit therefore jumped 155.5% to USD119.1mn.

April 02, 2025 at 06:11 am

Investments in semiconductor and electrical driving DAIHEN's sales

DAIHEN reported its 9m 24 results on February 4, 2025, demonstrating an increase of 22.5% YoY in net sales to JPY155.8bn, driven by strong traction in electrical infrastructure-related and semiconductor-related investment. Sales were also strengthened by the impact of newly consolidated subsidiaries acquired after Q3 23, subsequently driving orders received to JPY178.1bn over the period, reflecting an increase of 15% YoY. Operating profit increased 31.2% to JPY10.3bn, with margins rising by 44bp to 6.6%.

April 01, 2025 at 06:21 am

Robust growth across segments for Ayala Land in 2024

Ayala Land's FY 2024 results, released on February 20, 2025, demonstrated robust performance across all sectors, with total revenues increasing by 21% YoY to PHP180.7bn. Sales of the Services segment surged 57% to PHP18bn, driven by increased bookings from external projects. Sales from Property Development increased by 22% to PHP112.9bn, driven by higher bookings in residential space; Leasing and Hospitality posted 9% YoY growth to PHP45.6bn, led by growth in shopping centers, due to higher rent and the contributions of One Ayala and AyalaMalls Manila Bay.

March 31, 2025 at 05:24 am

NAVER's new shopping App records significant user engagement

NAVER’s AI-powered shopping app, Naver Plus Store, has quickly gained traction and is drawing significant user engagement following its launch. According to data from mobile app analytics service, Wiseapp Retail, the app recorded 239,000 weekly active users between March 12, 2025, and March 16, 2025.

March 28, 2025 at 09:52 am

Food & Life's shares rally after Q1 results announced

Food & Life Companies recently published its financials for Q1 25 on February 7, 2025, including net sales of JPY99.1bn, up 15.9% YoY. Overseas Sushiro Business is the key contributor to this growth, rising by 45.6% to JPY28bn, supported by the expansion of new stores. Operating profit increased by 56.4% to JPY9.6bn, while net profit surged 90.2% to JPY6.5bn.

March 26, 2025 at 05:24 am

Pilot Corporation and ViXion form strategic alliance

Pilot Corporation has entered into a cooperation agreement with ViXion Inc. to develop and sell autofocus eyewear products that enhance writing and vision. ViXion has issued shares worth JPY300mn to Pilot. The companies will collaborate on innovative new product development and sales. This alliance aims to expand Pilot's reach into healthcare and broaden its non-writing instruments businesses, promoting value co-creation through joint efforts in new product development and market expansion.

March 25, 2025 at 08:31 am

LS Electric's strong Q4 performance lifts target price

LS Electric released its 4QFY24 earnings on January 23, 2025, reporting 31.9% YoY increase in revenue to KRW1.36tn, driven by strong U.S. market growth and higher sales of HVTR. Operating profit surged 76.1% YoY to KRW120bn, with an improved margin of 8.8%, up 220bp YoY. Net profit also rose 44% YoY to KRW63bn. Following the announcement, Nomura raised LS Electric’s target price to KRW277,000 from KRW203,000, maintaining a “Buy” rating. Its share price climbed 5.2% the next business day.

March 24, 2025 at 09:26 am

Branded business drives Century Pacific Food's 3Q sales

Century Pacific Food reported a 13% YoY sales increase to PHP19.2bn in 3QFY24. Sales were predominantly driven by the Branded business, comprising of the Marine, Meat, Milk, and other emerging segments. Additionally, the company gained efficiency in operations, with gains being plowed back to operations to support demand-generating activities. Net income therefore rose 15% to PHP1.6bn.

March 20, 2025 at 05:09 am

Sumitomo Densetsu shares hit all-time high post 3Q results

Sumitomo Densetsu reported robust results for the first nine months of FY25 on January 30, 2025, with revenue increasing 10.4% y/y to JPY139.9bn, driven by a 7.4% y/y rise in orders received, totaling JPY158.7bn. The company targets JPY220bn in orders by FY25 year-end. Operating income surged 64.9% y/y to JPY9.9bn, while net profit rose 58.6% y/y to JPY7.1bn. Following the strong earnings, the stock reached an all-time high of JPY5,260 on February 4, 2025.

March 19, 2025 at 04:42 am

Bank of the Philippine Islands posts strong NII growth in 4Q

BPI's solid earnings performance in 4QFY24 announced on February 3, 2025, characterized by significant growth in revenues, has positively influenced its share price during February. Net income came in at PHP14.1bn, reflecting an 7.6% YoY increase driven by increased NII partly offset by operating expenses increase. Net interest income was up 22.4% with loans up 18.2%, and NIMs up 22 bps. Non-interest income was also up by 7.8%.

March 18, 2025 at 05:14 am

Emaar Properties sees record property sales in 2024

Emaar has announced highest ever sales, revenue and profit in 2024. Property sales during the year recorded impressive rise of 72% YoY to AED70bn, which bolstered the backlog to AED110bn as of December 31, 2024. Revenue rose by 33% to AED35.5bn, led by a strong performance from the UAE Development business, which witnessed an impressive growth of 62% to AED23.4bn in 2024.

March 17, 2025 at 05:33 am

KEPCO KPS posts strong 2024 performance

KEPCO Plant Service & Engineering announced its FY24 results on February 11, 2025, with FY24 revenues of KRW1,557bn, up 1.5% y/y. This growth was mainly driven by a 21.3% rise in the nuclear/hydro segment and an 11.6% increase in the T/T segment. Operating profit increased 5.1% y/y to KRW209.5 bn while net income was up 6.0% y/y to KRW172.4bn. Operating margin and net profit margin remained flat at 13% and ~11% respectively.

March 14, 2025 at 06:18 am

Jollibee attracts investors with new menu and ownership changes

Jollibee, the flagship brand, has introduced new Chicken Tenders and Signature Tender Sauce across all US locations in February 2025, significantly increasing the company's share price by over 8% in two consecutive days. Furthermore, on February 12, 2025, the Philippine Stock Exchange approved Jollibee Foods Corporation's request to amend the foreign ownership limit from 40% to "no limit," driving the stock up by over 10% the following day.

March 13, 2025 at 12:03 pm

Castrol marks 125-Year milestone with special dividend

Castrol reported 6% YoY increase in top line to INR53.6bn in FY24, achieved on the back of an expansion in operations and performance optimization. Profitability rose by 7% YoY to INR9.3bn, highlighting the group’s focus on cost management and operational efficiency. Additionally, Castrol declared a special dividend of INR4.5 per share to celebrate the company’s 125-year global journey. This translates to a dividend of INR13 per share for full-year FY24, reflecting a high yield of 5.5% on current prices.

March 13, 2025 at 12:48 am