
Joshua Cooper
News Writer
Discover our authors

Chief Editor

Senior Analyst

News Writer

News Writer
First Abu Dhabi Bank's earnings streak hits seven quarters
First Abu Dhabi Bank has once again delivered an outstanding quarterly performance on February 6, 2025. The Bank reported NII growth of 4% YoY, reaching AED 4.9bn, while non-interest income saw an impressive surge of 24% YoY, reaching AED2.8bn. This marks the seventh consecutive quarter of earnings surprises, showcasing the bank's consistent excellence. Additionally, Morgan Stanley has raised its price target from AED13.9 to AED15.4, reflecting strong confidence in the bank's future prospects.
February 14, 2025 at 02:24 am

Gold Road chases Gruyere’s underground potential
Gold Road Resources Limited presented its 2025 annual guidance and an updated 3-year production outlook for the Gruyere Gold Mine on January 29, 2025. The company’s guided 3-year production outlook for Gruyere ranges between 335,000 and 375,000 ounces per year. With this strong production outlook, Gold Road expects Gruyere to deliver 2 million ounces in 2026. Once achieved, Gold Road will receive an uncapped 1.5% net smelter return royalty from Gold Fields on its 50% share of production.
February 13, 2025 at 02:32 am

Lagercrantz wraps up TASL acquisition with regulatory approval
Lagercrantz's subsidiary, Radonova, has completed the acquisition of Track Analysis Systems, a Bristol, UK-based leader in high-quality polymer sensors for neutron dosimetry and radon detectors. TASL has an annual turnover of approximately GBP1.2mn with good profitability. The acquisition, initially announced on 23 December 2024, has now received regulatory approval.
February 12, 2025 at 01:46 am
Godrej Properties posts record numbers in 2024
Godrej Properties announced its 3QFY25 results on February 4, 2025, wherein it has reported strong progress in business activities. The calendar year 2024 proved to be a record-breaking period for the company, achieving the highest ever booking value by any listed developer in India, amounting to INR288bn from the sale of 26.4mn sq. ft. of area. This reflects a robust increase of 69% and 54% in booking value and volume, respectively.
February 11, 2025 at 11:15 am
North Pacific Bank enhances annual dividend guidance
In a press release dated January 30, 2025, the company announced an increase in its second half 2025 dividends to JPY9.5 per share, up from the earlier estimate of JPY6.5. This leads to a revised FY25 projection of JPY16 per share, suggesting a 3.2% annual dividend yield and a 34% payout. The increase is due to expected higher profits for FY25.
February 11, 2025 at 11:12 am

Swedish Orphan Biovitrum AB’s 4Q profits up by 36%
Swedish Orphan Biovitrum AB reported a 9% YoY increase in total revenue, reaching SEK7,436mn in 4Q24, with an 8% YoY increase at constant exchange rates. Adjusted EBITA fell by 1% YoY to SEK2,557mn, resulting in an approximately 400 bps decline in the adjusted EBITA margin to 34%. However, profit for the period surged 36% YoY to SEK1,391mn, due to lower interest expenses and one-off tax benefit of around SEK100mn.
February 10, 2025 at 11:57 pm
SCSK Corporation surpassed analyst estimates for 11 straight quarters
SCSK Corporation delivered a strong financial performance during the 9MFY25 ended December 31, 2024, driven by robust IT investment demand. This marks the 11th consecutive quarter of surpassing analyst expectations. Net sales for the period increased by 9.5% YoY to JPY384.9bn, with growth across all segments. Operating profit rose by 4.7% YoY to JPY42.9bn, supported by higher sales and improved margins.
February 10, 2025 at 01:53 am
Leadership shift at Etihad Etisalat
The Board of Directors of Etihad Etisalat Co. has decided not to renew the contract of CEO Eng. Salman Abdulaziz Al Badran, effective February 23, 2025. Eng. Nezar Banabeela will take over as the new CEO starting February 24, 2025. Eng. Nezar Banabeela brings over 20 years of experience in the ICT sector, having held various roles at Saudi Telecom Company, including CEO of STC Bahrain.
February 05, 2025 at 01:28 am
Singapore Exchange to sell 20% stake in Philippine dealing
The Philippine Stock Exchange agreed to acquire a 20% stake in Philippine Dealing System Holdings from Singapore Exchange Limited on December 25, 2024. The transaction would enable the Philippine Stock Exchange to add 61.92% to the existing 20.98% stake in the Philippine Dealing System Holdings following the signing of multiple agreements with existing shareholders. The overall value of the transaction is pegged at PHP2.32bn.
February 04, 2025 at 12:37 am
14 consecutive quarters of growth for Abu Dhabi Commercial Bank
Abu Dhabi Commercial Bank reported an impressive PBT of AED10.6bn, marking a 26% YoY increase and surpassing its own guidance of AED10bn. This growth was driven by a robust 18% YoY increase in operating income, primarily due to a 40% jump in non-interest income, reaching AED6.2bn. This achievement marks the 14th consecutive quarter of growth, and the seventh consecutive quarter of surpassing analysts’ estimates.
February 03, 2025 at 05:08 am
Commonwealth Bank of Australia to liquidate Bank of Hangzhou shares
Commonwealth Bank of Australia announced its decision to divest its remaining 5.45% stake in the Bank of Hangzhou to New China Life Insurance. The deal is expected to generate approximately AUD940mn in gross proceeds for CBA. Once completed, the sale is projected to improve CBA's CET1 ratio by an estimated 18 bps. The transaction is anticipated to be finalized around mid-2025.
February 03, 2025 at 01:17 am
DBS boosts investment in Shenzhen Rural Commercial Bank
DBS Group has acquired an additional stake in Shenzhen Rural Commercial Bank for USD220mn. This acquisition increased DBS's total ownership in the Chinese lender to 19.4% from 16.7% in January of the previous year. DBS purchased an additional 281.6 million shares of SRCB at CNY5.67 per share, solidifying its position as the largest shareholder in the bank.
January 31, 2025 at 02:31 am
Nikkon Holding’s steady first half operating performance
Nikkon Holdings published its 1HFY25 results on November 8, 2024, reporting consolidated net sales of JPY120.4bn, an 11.1% YoY increase. This growth was primarily driven by the transportation segment, which grew by 16.2%, supported by the consolidation of Supreme Auto Transport and an increase in cargo volumes.
January 30, 2025 at 09:12 am

Industrial Sector boosts AS ONE Corporation's November sales
AS ONE Corporation reported its total sales for November across its three primary sectors on December 10, 2024. The company experienced a 3.4% increase in total sales compared to previous year. Notably, the Industrial sector demonstrated remarkable growth, achieving an impressive rise of 12.7% YoY.
January 29, 2025 at 11:46 pm
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 08:41 am
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 02:17 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 05:29 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 09:27 am
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 08:54 am
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 10:12 am
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 11:24 am
- Stock Market
- Our authors
- Joshua Cooper