Joshua Cooper

Cost control powers Manila Water's profit growth

Manila Water Company reported robust FY 24 results on February 24, 2025, with operating revenues up 19% YoY to PHP36.6bn, driven by sustained BV recovery and tariff adjustments. Net income surged 88% to PHP10.5bn, reflecting strong topline growth and effective cost management. Consequently, the company declared regular cash dividends of PHP1.674 per share and special cash dividends of PHP0.167 per share, totaling PHP1.841 per share, translating into a 5.8% yield.

March 28, 2025 at 05:30 am

PharmaEssentia receives China NMPA approval for key Phase III clinical trial

PharmaEssentia received the approval of China National Medical Products Administration for its application for Phase III clinical study of Ropeginterferon alfa-2b (P1101) for adult patients with pre-fibrotic/early primary myelofibrosis or overt primary myelofibrosis at low or intermediate-1 risk. The announcement made on March 26, 2025, also states that the recruitment for the study is expected to be completed in 2025.

March 27, 2025 at 05:48 am

TravelSky Technology: Optimistic earnings outlook for 2024

In its February 14, 2025, release TravelSky Technology projected net profit of at least RMB2.05bn for 2024, a 41.4% y/y increase from RMB1.45bn. This growth is attributed to strong performance in aviation information technology, accounting, settlement and clearing, data network, and system integration services. Preliminary results reflect robust business expansion and improved profitability, with final audited figures, including potential impairments, to be disclosed by March 2025. The market was very pleased by this, with its shares rising over 14% the next day.

March 26, 2025 at 06:19 am

Recruit Holdings reports flat sequential revenue growth for 3Q 24

Recruit Holdings announced its 3Q 24 results on February 11, 2025, reporting a 3.5% y/y increase in consolidated revenue, reaching JPY896.9bn. This growth was primarily driven by an 8% y/y increase in US revenue for HR Technology, which reached JPY180.5bn. However, 3Q revenue remained almost flat sequentially, as hiring activities moderated due to typical holiday seasonality. This has was frowned on by investors, and the share price has fallen over 23% since the announcement.

March 25, 2025 at 03:35 am

Indutrade AB reports mixed FY24 results

Indutrade AB announced its 2024 earnings on March 11, 2025, reporting a revenue growth of 2% YoY to SEK32.5bn, driven by strong demand in the medical technology, pharmaceuticals, process industry, and energy sectors, despite weaker performance in infrastructure and construction. EBIT declined slightly (-3%) to SEK4.0bn, with a margin of 12.4%, as higher operating expenses and inflationary pressures impacted profitability. Net profit stood at SEK2.8bn, with EPS at SEK7.55. The company maintained a strong acquisition pace, completing 16 acquisitions contributing additional revenue of SEK1.6bn.

March 24, 2025 at 05:56 am

Meiko Electronics' 9m 2024 profit jumps over 60%

Meiko Electronics announced its 9m 2024 results on February 6, 2025, reporting net sales of JPY151.8bn, representing a y/y increase of 13.6%. This growth was primarily driven by the Telecommunications segment, which saw its contribution to total sales rise significantly to 10.6%, up from 3.6% in the previous year. As a result, operating profit surged by 76% y/y, with operating margins expanding by 350 bps to 9.7%. Net income also exhibited strong growth, increasing by 63.5% y/y to JPY12.6bn.

March 21, 2025 at 09:01 am

SAAB's strong FY24 results fuel ongoing stock rally

SAAB reported its FY24 results on March 3, 2025, delivering sales growth of 24% YoY to SEK63.8bn, including organic sales growth of 23.4%. Operating income grew by 33% to SEK5.7bn, supported by lower operating expenses, reflecting improved cost efficiency. As a result, net income increased by 22% to SEK4.2bn. Following the earnings announcement, SAAB's stock price surged approximately 11%, further accelerating the stock's momentum, which has seen an overall gain of around 85% since its February lows.

March 20, 2025 at 05:49 am

Brand sales and consumables drive CLASSYS' FY24 sales

CLASSYS Inc. announced its FY24 results on February 12, 2025, with FY24 revenues of KRW242.9bn, up 34.9% YoY. This growth was driven by the CLASSYS brand, which rose by 23.8%, the Shurink RX/Skederm brand, which surged by 85.1%, and the consumables segment, which grew by 35.0%. Sales were further bolstered by the inclusion of formerly Ilooda products in the portfolio. Operating profit increased 36.7% YoY to KRW122.5bn, while net income was up 31.4% YoY to KRW97.5bn. Annual revenue exceeded analyst estimates by 1.4%. Following the earnings release, the stock has risen by 35.8% over the last two weeks.

March 19, 2025 at 12:03 am

Fuji Seal's revised forecast lifts stock price

Fuji Seal announced a revision of its full-year consolidated earnings forecasts for FY25 on February 12, 2025. The company now anticipates net sales of JPY213bn, up from the previous forecast of JPY203bn. Operating profits are expected to reach JPY18.6bn, a 20.8% increase from the earlier estimate of JPY15.4bn. This upward revision is attributed to growth in existing businesses and the favorable impact of a weaker yen on overseas subsidiaries. Investors reacted positively to the news, leading to an appreciation in the stock price by 11.8% to JPY2,670 compared to the previous day’s close.

March 18, 2025 at 10:03 am

Maruwa's 3Q revenue results disappoint investors

Maruwa's Q3FY25 results, announced on January 29, 2025, showed an 8.0% y/y revenue increase to JPY18.3bn, a 20.9% y/y rise in operating profit to JPY6.9bn with margins of 37.7%, and a 44.4% y/y surge in net profit to JPY5.5bn. However, revenue missed market expectations of JPY18.9bn by 3.5%, leading to a 29% stock correction since the announcement. The revenue miss overshadowed strong profit growth, causing negative investor sentiment.

March 14, 2025 at 03:46 am

Acom reports double-digit profit growth in 9M24

ACOM published its 9M24 financial results on January 31, 2025, reporting 8.1% y/y increase in operating revenue to JPY236.8bn, driven by growth across all segments. The Loan and Credit Card Business grew by 9.1% y/y, the Guarantee Business by 7.6% y/y, and the Overseas Financial Business by 6.3% y/y. Additionally, operating profit increased by 11.7% y/y, reaching JPY74.7bn, while net profit rose by 12.5% y/y to JPY46.9bn. The stock reacted positively to these results, rising approximately 5% the following day.

March 13, 2025 at 05:01 am

S-1 Corporation reports mixed results for FY24

S-1 Corporation announced its FY24 results on January 24, 2025, with FY24 revenues of KRW2,805bn, up 7% y/y. This growth was driven by a 17% increase in Product sales, a 10% rise in Building management services, and a 5% growth in Alarm, Digital, and IoT security solutions. However, profitability metrics declined, with operating profit down 2% y/y, resulting in a 7.5% margin, a 60 bps drop. Net profit fell 7%, with margins contracting by 90 bps to 6.3%.

March 12, 2025 at 03:52 am

Nippon Paint reports record sales and operating profits

Nippon Paint's FY24 sales reached JPY1,639bn, exceeding the February 2024 guidance of JPY1,600bn by approximately 2.4%. This 13.6% increase was driven by a 3% volume growth, particularly in the decorative segment, a 5% contribution from favorable FX, and a 3% boost from new consolidations. The company also reported a record high operating profit of JPY188bn, up 11.2%, with operating profit margins of 11.5%. These impressive figures were well-received by the market, with the stock rising 22% since the earnings release.

March 11, 2025 at 05:30 am

Alliance Bank's 3Q earnings grow, NIM faces challenges

The bank's Q3 FY25 results showed strong performance, with net interest income up 11.8% YoY to MYR494.5mn, driven by a 14.2% increase in loan volumes to MYR61bn. However, NIMs declined 4 bps QoQ to 2.45%. The cost-to-income ratio was 46.8%, better than guidance. Customer deposits rose 13.3% to MYR61.7bn, with a CASA ratio of 39.4%, among the highest in the industry. Net profit increased by 5.5% YoY mainly driven by higher revenue growth.

March 10, 2025 at 06:08 am

Elite Material's exceptional FY24 results trigger stock price rally

Elite Material Co., Ltd. reported FY24 earnings with sales of TWD64.4bn, reflecting a robust 56% y/y increase. Operating income rose to TWD12.2bn, marking a substantial 65% y/y growth, while margins expanded by 100 bps to 19%. Additionally, net income surged to TWD9.6bn, representing a staggering 75% y/y increase, with margins expanding by 200 basis points to 15%. Consequently, EPS increased to TWD27.3 from TWD15.8. The stock price rose 10% the following day, reaching an all-time high of TWD633.

March 07, 2025 at 04:04 am

ASPEED achieves phenomenal Net Income growth in 2024

ASPEED Technology reported significant growth for the year ending December 31, 2024, with sales increasing to TWD6.5bn from TWD3.1bn and net income rising to TWD2.6bn from TWD1.0bn. Diluted EPS surged to TWD68 from TWD27.

March 06, 2025 at 04:23 am

Earnings surge propels SoftBank stock to new heights

SoftBank Corp. published its third quarter business update on February 10, 2025, reporting a 6.6% y/y increase in revenue to JPY4.8tn. EBIT rose 12.3% to JPY822bn, with a margin improvement of 90 bps to 17.1%. Net profit grew 8.4% to JPY545bn, achieving an 11.3% margin. Jefferies subsequently raised SoftBank’s target price to JPY234, maintaining a “Buy” rating. The stock surged over 7% post-earnings, reaching an all-time high of JPY215.

March 05, 2025 at 08:26 am

Rakus surged after strong Q3 earnings

The company reported a y/y increase of 23.3% in net sales, reaching JPY12.5bn in third quarter of FY25. This growth was primarily driven by a 24.2% y/y increase in the cloud business, which generated JPY10.7bn. Additionally, the IT sourcing business saw an 18% y/y increase, totaling JPY1.8bn. Rakus's subscription sales ratio stands at 92.5%, and the ARR has reached JPY40.3bn as of 3QFY25. Following the release, the stock price surged 4.3% to JPY2,112.

March 04, 2025 at 04:27 am

Al Rajhi Bank's 2024 Net Income hits all-time high

By the end of 2024, Al Rajhi Bank achieved a record-breaking annual net income of SAR19.7bn, reflecting an 18.7% YoY growth. This robust performance was primarily fueled by a 16.4% increase in operating income compared to the previous year. The key contributors to this growth were a 16.8% rise in net financing and investment income, alongside a 15.2% increase in non-yield income.

March 03, 2025 at 07:40 am

ANZ Group Holdings stock falls on higher impairments

ANZ Group Holdings Limited experienced a share price decline of approximately 3% after releasing its 1QFY25 financial results on February 19, 2025. The bank reported a 2% y/y increase in customer deposits across its retail and commercial divisions and a 4% y/y growth in net loans and advances, primarily driven by the institutional division. However, investor sentiment was negatively impacted by an AUD200mn rise in gross impaired assets to AUD1.9bn, mainly due to Australian mortgage restructures.

February 28, 2025 at 04:34 am

Zhaojin Mining and Zhaojin Jinye unite in strategic partnership

Zhaojin Mining Group has entered into a finished gold sales framework agreement with Zhaojin Jinye. Under this agreement, Zhaojin Mining Group will sell finished gold to Zhaojin Jinye for the period from December 13, 2024, to December 31, 2026. The pricing for the finished gold will be based on the market price at that time. The group anticipates that the annual sales caps for finished gold, starting from FY24, FY25, and FY26, will not exceed CNY40mn, CNY150mn, and CNY250mn, respectively.

February 27, 2025 at 10:44 am