Financial Wire

Financial News

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Asia

A-Sonic Aerospace Buys Back More Shares

A-Sonic Aerospace (SGX:BTJ) bought back 20,000 shares in the open market on Friday for SG$10,887, according to a same-day filing with the Singapore Exchange.The aerospace equipment and logistics company has been authorized to buy back about 10.6 million shares under its new mandate.

$SGX:BTJ
Asia

ASTI to Cease Quarterly Reporting Following Clean Audit Report

ASTI (SGX:575) will cease quarterly reporting of its financials, according to a Friday filing with the Singapore Exchange.The disclosure comes after the company's auditor, Forvis Mazars, issued a clean audit opinion.The company will now release its financial statements for the six months ending June 30, no later than 45 days after the end of the financial period, the filing said.

$SGX:575
Asia

Hing Yip Unit to Buy to Lease Back Assets

Hing Yip (HKG:0132) unit Canton Greengold Financial Leasing will buy to lease back certain assets from Chifeng Hesheng Yangguang Heat for 20 million yuan, according to a Friday Hong Kong bourse filing.The assets, comprising designated heat supply equipment and facilities, will then be leased back to the lessee for 60 months for a total lease payment of a little over 24.6 million yuan.

$HKG:0132
Asia

OSG's Net Income Soars 93% in Fiscal Q1

OSG's (TYO:6136) net income attributable to owners of the parent soared 93% to 5.04 billion yen for the fiscal first quarter from 2.61 billion yen a year earlier.The machinery manufacturer's net income per share increased to 54.27 yen from 27.29 yen a year ago, according to a Tokyo bourse filing on Friday.Net sales rose 13% to 42.6 billion yen for the three months ended Feb. 28 from 37.8 billion yen in the prior year.For the full year ending Nov. 30, the company expects attributable net income of 15.4 billion yen, net income per share of 187.46 yen, and net sales of 165 billion yen.OSG plans to pay interim and year-end dividends of 39 yen and 45 yen per share, respectively, for the current year, which is higher than the 28 yen interim and 60 yen year-end dividends paid in the prior-year period.

$TYO:6136
Insider Trading

Ase Technology Holding Co. Insider Sold Shares Worth $10,399,500, According to a Recent SEC Filing

Jeffrey Chen, Director, on April 08, 2026, sold 27,000 shares in Ase Technology Holding Co. (ASX) for $10,399,500. Following the Form 4 filing with the SEC, Chen has control over a total of 2,556,000 ordinary shares of the company, with 2,383,000 shares held directly and 173,000 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1122411/000095010326005592/xslF345X05/ownership.xml

$ASX
Commodities

Ovintiv Closes $3 Billion Anadarko Basin Asset Sale

Ovintiv (OVV) has closed the all-cash sale of its Anadarko Basin assets, located in Oklahoma, for $3 billion, the company said on Thursday.After customary closing adjustments, the company confirmed net proceeds of about $2.85 billion.The company stated that the capital will be directed toward aggressive debt reduction. By reaching its internal debt targets, Ovintiv expects to pivot toward increased shareholder returns.Additionally, Ovintiv issued a redemption notice for the entirety of its $700 million in 5.650% notes due in 2028. The notes are scheduled to be redeemed on April 20, 2026.

$OVV
Asia

Autagco Pulls Plug on Proposed Joint Venture with r+

Autagco (SGX:1D3) decided to terminate its proposed joint venture with r+, following the expiry of a term sheet and extension between the two parties, according to a Friday filing with the Singapore Exchange.The decision to not proceed with the venture was made following an additional review of the company's strategic plans.Earlier, the two parties had signed a non-binding term sheet to establish a joint venture company for the operation and management of up to 15 hospitality projects in Singapore, Malaysia, Thailand, Vietnam and Japan.

$SGX:1D3
Asia

Yue Yuen Industrial's Operating Revenue Slides 8.2% in March

Yue Yuen Industrial (HKG:0551) recorded an operating revenue of $604 million in March, down 8.2% from a year prior, according to a Friday Hong Kong bourse filing.The footwear maker's operating revenue for the first quarter of 2026 slipped 2.2% year over year to $1.99 billion.

$HKG:0551
Asia

United Overseas Bank Repurchases, Cancels Shares Worth SG$1.4 Million

United Overseas Bank (SGX:U11) bought back and canceled 37,000 shares worth nearly SG$1.4 million in the open market on Friday, according to a same-day filing with the Singapore Exchange.The bank has been authorized to buy back around 83.5 million shares. To date, it has bought back nearly 20.6 million shares.

$SGX:U11
Asia

Bic Camera's Profit Rises 23% in Fiscal H1

Bic Camera's (TYO:3048) profit attributable to owners of the parent climbed 23% to 11.1 billion yen in the fiscal first half from 9.01 billion yen a year earlier.The electronics retailer's earnings per share increased to 64.74 yen from 52.57 yen a year ago, according to a Tokyo bourse filing on Friday.Net sales rose 6% to 508.4 billion yen for the six months ended Feb. 28, from 479.5 billion yen in the prior year.In a separate filing, Bic Camera raised its forecast for the fiscal year ending Aug. 31, after first-half results exceeded initial expectations.The company now expects attributable profit of 18.4 billion yen from 17.5 billion, EPS of 107.45 yen from 102.21 yen, and net sales of 1.022 trillion yen from 1.013 trillion yen.Bic Camera also lifted its full-year dividend to 43 yen, compared with an initial forecast of 41 yen.The current year payout included a year-end dividend of 23 yen per share.

$TYO:3048
Asia

The Hour Glass Repurchases More Shares

The Hour Glass (SGX:AGS) bought back 301,100 shares in the open market on Friday for SG$771,502 or SG$2.48999 per share, according to a same-day filing with the Singapore Exchange.The luxury watch retail group has been authorized to buy back around 64.7 million shares under its current mandate. To date, it has repurchased over 5.9 million shares.

$SGX:AGS
Mining & Metals

Jobs Data in Focus on Friday for Canadian Dollar, Says ING

Canada releases the Labour Force Survey (LFS) for March on Friday at 8:30 a.m. ET, said ING.Consensus is for a 15,000 payroll increase after the very soft 83,000 drop in February, noted the bank.However, the bigger signal for the Bank of Canada tends to come from the unemployment rate rather than the quite volatile monthly swings in jobs, stated ING. The BoC's pain threshold appears close to 7% unemployment -- levels at which it was previously cutting and maintaining a dovish stance.The recent decline to 6.7% in the unemployment rate has given the BoC scope to turn slightly more hawkish, even before the Iran war, so accelerations from here could offer a reason to cautiously unwind hike bets, according to the bank.In ING's view, risks for Canadian dollar (CAD or loonie) front-end rates are skewed to the dovish side in the coming weeks. Markets are pricing around 40bps of tightening by December, which looks too aggressive considering the BoC hasn't signaled much appetite for hikes, and attention may soon shift to USMCA trade deal renegotiations -- a major downside risk for Canada's activity and jobs.USD/CAD remains dominated by war headlines for now, and continued de-escalation should allow a move to 1.370. The bank retains a "moderate" bearish bias on USD/CAD, but expects CAD to be outpaced by the likes of the Australian dollar (AUD) and Norway's krone (NOK).

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Research

Seaport Upgrades Madison Square Garden Sports to Buy From Neutral, Sets $430 Price Target

Madison Square Garden Sports (MSGS) has an average rating of overweight and mean price target of $367.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$MSGS
Asia

Amarnath Securities Names CEO; Shares Jump 14%

Financial services company Amarnath Securities (BOM:538465) has appointed Prarthee Chetan Patel as the chief executive officer and key managerial personnel of the company with effect from Friday, according to a BSE filing the same day.Prarthee Chetan Patel is the founder of ChainEx Solutions and had previously founded a tea brand, Best Blends (Veda Brew) India.The company's shares jumped nearly 14% in recent trade.

$BOM:538465
Insider Trading

Sea Insider Sold Shares Worth $1,698,723, According to a Recent SEC Filing

Gang Ye, Director and Chief Operating Officer, on April 08, 2026, sold 20,000 shares in Sea (SE) for $1,698,723. Following the Form 4 filing with the SEC, Ye has control over a total of 22,756,405 Class A ordinary shares of the company, with 22,396,405 shares held directly and 360,000 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1703399/000119312526150247/xslF345X05/ownership.xml

$SE
Asia

Hengfeng Paper Chair Resigns

Mudanjiang Hengfeng Paper (SHA:600356) said Li Yingchun on Wednesday resigned as chair due to work changes, according to a Friday filing with the Shanghai bourse.Shares of the paper products manufacturer closed 2% lower Friday.

$SHA:600356
Asia

Varying Energy Patterns in Asia-Pacific Complicate Middle East Conflict Impact, S&P Says

An energy shock is increasing risks and complexities in Asia-Pacific, especially with its heavy dependence on Middle East imports and close regional linkages, S&P Global Ratings said in a recent release.Diverging energy situations in the region points to more complex overall conditions, S&P head of credit research for Asia-Pacific Eunice Tan said.The Middle East accounts for about 40% of the region's energy imports, while about 90% of the crude oil passing through the Strait of Hormuz is channeled to Asia, Tan said.Other economies in the region also rely on a small number of geographically concentrated suppliers, which increases disruption risks, S&P said.The economic impact could "compound exponentially" under prolonged conflict and declining reserves, hitting manufacturing and amplifying inflationary pressures, the rating agency said.The region is generally less dependent on liquefied natural gas from Qatar, except for mainland China, India, and Taiwan, S&P said.

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Insider Trading

Sea Insider Sold Shares Worth $15,465,954, According to a Recent SEC Filing

David Y Ma, Director, on April 08, 2026, sold 178,005 shares in Sea (SE) for $15,465,954. Following the Form 4 filing with the SEC, Ma has control over a total of 1,285,387 Class A ordinary shares of the company, with 10,000 shares held directly and 1,275,387 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1703399/000119312526150249/xslF345X05/ownership.xml

$SE
Sectors

NY Crude Up 0.9% at Near US$98.75

$CLK6$LCOM6$USO
Sectors

U.S. Natural Gas Prices Fell in Week Ended April 8 Amid Above-Average Temperatures, EIA Reports

The U.S. benchmark Henry Hub natural gas price dropped US$0.19 to $2.80/million British thermal units in the week ended April 8, the U.S. Energy Information Administration said in its Weekly Natural Gas Storage Report Supplement released Thursday.Above-average temperatures across most of the country kept daily natural gas demand relatively low for this time of year by limiting heating and cooling needs, the EIA noted.Still, natural gas demand across sectors rose 1.3 billion cubic feet per day week over week, the EIA reported, citing LSEG Data.Net injections into storage amounted to 50 Bcf in the week ended April 3, resulting in total working gas stocks of 1,911 Bcf, according to the agency. This was 87 Bcf more than the five-year average and 89 Bcf more than the year-ago period.The liquefied natural gas-carrying capacity of vessels departing U.S. ports was 141 Bcf, down 8 Bcf from the previous week. Thirty-seven LNG vessels left the U.S., down two vessels week over week, the EIA said.

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