Maya Patel

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

Invisio AB sees record order intake in the fourth quarter

Invisio AB announced the release of 4Q and FY24 results on February 13, 2025. The group reported robust financial performance during the year and witnessed record strong order intake in 4QFY24, amounting to approximately SEK550mn. The full-year order intake stood at SEK1,971mn. Demand remained solid across the product portfolio and in both geographies of North America and Europe.

March 12, 2025 at 05:16 am

Brigade Enterprises launches Brigade Altius in Chennai

Brigade Enterprises has announced the launch of “Brigade Altius in Chennai” on March 6, 2025. The development is a premium residential project located in Sholinganallur, in the middle of Chennai's dynamic IT corridor. Spanning across 6.5 acres with a total development area of 1.4mn sq ft, features three signature towers comprising of 43 floors each. The project holds significant potential to bolster the group’s top line with a revenue potential of INR17bn.

March 11, 2025 at 04:27 am

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 04:36 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 05:19 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 04:27 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 04:56 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 04:35 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 05:04 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 07:37 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 04:22 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 05:25 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 09:35 am

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 05:16 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 08:23 am