Financial Wire

China HK Power Enters Cooperation Deal With Al-Qimmah Energy

-- China HK Power Smart Energy Group (HKG:0931) entered into an oil and gas resources and trade cooperation agreement with Al-Qimmah Energy FZCO, according to a Hong Kong bourse filing Tuesday.

Under the agreement, Al-Qimmah will supply oil and gas to China HK Power for sale to the international market.

Both sides also plan to invest in global oil and gas assets, including a new coastal liquefied natural gas terminal in China.

As part of the cooperation, Al-Qimmah also plans to invest in China HK Power shares.

Related Articles

Research

Research Alert: CFRA Initiates Coverage On Riocan Real Estate Investment Trust With A Hold View

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We initiate coverage on shares of REI.UN with a 12-month target price of $22, applying a forward P/FFO multiple of 13.1x to our 2026 FFO estimate, a premium to the three-year forward average of 10.4x. We start our 2026 FFO per share estimate at $1.68 and 2027 at $1.72. We have an overall positive view on REI as it has pivoted to a pure-play necessity retail REIT after exiting all residential assets, but believe it already trades at a premium that reflects this transition. REI has near-record occupancy and strong re-leasing spreads over 15%, but is unable to grow NOI faster than 3.5% in the near term due to accelerating interest expense growth related to refinancing near-term obligations from low rates through 2027. REI's grocery-anchor focus (85% of centers, targeting 90%) and concentration in Canada's high-demographic major markets (277K population, $155K income within 5km) should provide strong cash flow that enables management to further pay down debt (currently at 8.6x net debt to adjusted EBITDA).

$REI.UN
Asia

Salubris Pharma's 2025 Profit Rises 8%, Revenue Climbs 9%; Shares Down 3%

Shenzhen Salubris Pharmaceuticals' (SHE:002294) net profit attributable to shareholders in 2025 rose 8.3% to 651.5 million yuan from 601.6 million yuan a year earlier, according to a Shenzhen bourse filing on Tuesday.Earnings per share climbed 7.4% year on year to 0.58 yuan from 0.54 yuan.Operating revenue increased 8.5% to 4.35 billion yuan from 4.01 billion yuan in the prior year.The pharmaceutical company's shares fell by over 3% during the midday trade.

$SHE:002294
Asia

Kingfa Sci & Tech 2025 Profit Up 39%, Revenue Rises 8%

Kingfa Sci & Tech (SHA:600143) posted 2025 attributable net profit of 1.15 billion yuan, up 39% from 824.6 million yuan the previous year.Earnings per share rose to 0.4459 yuan from 0.3120 yuan, according to a Tuesday filing with the Shanghai bourse.Operating revenue rose 8.1% year over year to 65.4 billion yuan from 60.5 billion yuan.In the fourth quarter of 2025, operating revenue from modified plastic products stood at 10.2 billion yuan, according to a separate filing. Operating revenue from green petrochemical products stood at 3.37 billion yuan and from new material products was 1.30 billion yuan.Shares of the plastic products manufacturer were down 1% in recent trade.

$SHA:600143