GuocoLand plans to privatise its Malaysian subsidiary, GuocoLand Malaysia, and will seek approval from shareholders at an upcoming Extraordinary General Meeting, though the date has not yet been set. The proposed offer is RM1.10 per share for the remaining 34.97% stake it does not already own, to be carried out via a selective capital reduction and cash repayment exercise. This offer represents a 17.7% premium to the last traded price and a 47.7% premium to the six-month average price. As of March 18, GLM had approximately 700.5 million shares with total issued capital of RM385.3 million. Key stakeholders include Kwek Leng Beng and Quek Leng Chan

Stocks fell sharply, with the S&P 500 dropping 1.74% to 6,477, the Nasdaq declining 2.38% and entering correction territory (more than 10% below its peak), and the Dow Jones falling 1.01% or 469 points. The primary driver was a surge in oil prices בעקבות escalating tensions in the Middle East, with Brent crude rising about 5.7% to $108 and WTI climbing 4.6% to $94. Higher oil pushed Treasury yields up.  Trump warned Iran to negotiate quickly but downplayed market impact. Gulf states condemned attacks and signaled readiness to respond. Analysts warn more downside possible (S&P support ~6,175). Investors remain cautiously optimistic despite risks. Tech weakness (e.g., Meta, Nvidia, Alphabet down). Micron down ~22% in recent days. Clear Secure up on increased airport demand. Some companies downgraded due to rising commodity costs.

Trump now set to travel to China on May 14-15 for summit with Xi

Aoxin Q&M Dental Group to acquire dental group in China for RMB150 mil

TT International to delist on April 2

Keppel’s planned sale of M1 to Tuas (owner of Simba Telecom) has been delayed as it awaits approval from Singapore’s regulator, IMDA. The $1.43 billion deal is still under review, with both parties responding to additional queries and a prior public consultation process. Originally expected to close within six months, the deadline has now been extended to May 21 (or later if agreed). While telecom industry consolidation is anticipated, StarHub had previously been seen as a potential buyer.

Koh Brothers has again received requests from shareholders to distribute shares of its indirect subsidiary, Oiltek International, to shareholders via a distribution in specie. The proposal involves Koh Brothers Eco Engineering (which owns 68.14% of Oiltek) first distributing its Oiltek shares to its shareholders, followed by Koh Brothers distributing its portion to its own shareholders.

The move highlights a valuation gap, with Oiltek valued at over $407 million, significantly higher than Koh Brothers’ own market cap (~$131 million), suggesting shareholders are seeking to unlock value.

Asian high-end tech stocks—especially AI-related chipmakers in South Korea and Taiwan—are seen as the best hedge against a prolonged Iran war, as they can maintain pricing power even during downturns. The Robeco Emerging Stars Equities fund, with over 40% exposure to these markets, has outperformed most peers, returning 45% over the past year.

The fund also uses a “proxy” strategy by investing in discounted holding companies (e.g., SK Square, Naspers) to gain cheaper exposure to key tech assets. Additionally, it is overweight in Latin America, selectively invested in Asia, and underweight the Middle East, positioning itself defensively amid geopolitical

Hong Kong Exchanges & Clearing (HKEX) is planning to launch micro futures on the Hang Seng Index and its tech index to attract more retail investors. These contracts would be much smaller—about 1/50th the size of standard futures—making them more affordable and accessible compared to existing futures and mini futures.

The move aims to boost retail participation and expand investment options, following a global trend of increased retail trading in derivatives. Micro futures would provide a lower-cost way for investors to hedge or gain exposure to Hong Kong’s key indices, with a potential launch targeted for the fourth quarter.

Sunway Bhd is maintaining its RM3.15-per-share takeover offer for IJM Corp, stating it is fair and will not be raised; the group will walk away if it fails to secure majority control. Meanwhile, Sunway Healthcare’s shares have surged nearly 60% since listing, pushing its valuation above 100x P/E, though management remains confident in its growth.

VS Industry swung to a loss due to weaker global demand and lower orders.
MCE Holdings’ profit more than halved بسبب higher costs and absence of one-off gains.
PT Resources posted strong earnings growth, driven by better cost management and sales.
Binastra Corp reported a sharp profit increase on higher project activity.

The Hang Seng Index dropped 1.9%, while the tech index fell 3.3%, with broad market weakness as over 1,600 stocks declined.

Tech giants including Tencent, Alibaba, Meituan, Baidu, and NetEase also posted losses, while Kuaishou plunged 14% due to concerns over slowing growth and heavy AI investment impacting profitability.

HUA HONG SEMICONDUCTOR Full-Year Net Profit USD54.88M Down 5.6%, No Dividend

Haier Smart Home Full-Year Net Profit RMB19.553 Billion, Up 4.4%; Distributes RMB8.867 per 10 Shares

CPIC Full-Year Net Profit RMB53.505 Billion, Up 19%; Final Dividend RMB1.15

CHINA LONGGONG Full-Year Net Profit RMB1.301 Billion, Up 27.7%; Final Dividend HKD0.13

CHOW SANG SANG Full-Year Net Profit HKD1.717 Billion, Up 113.2%; Second Interim Dividend HKD0.79

PICC P&C Full-Year Net Profit RMB40.37 Billion, Up 25.5%; Final Dividend of RMB0.44

SMIC Full-Yr NP USD685M, Up 39% YoY

PICC GROUP Full-Yr NP Lifts 9.6% YoY to RMB46.21B; Final DPS RMB0.145

CHINA EVERBRIGHT LIMITED Full-Year Loss Widens to HKD2.008 Billion, Final Dividend HKD0.05

CHINA RESOURCES BEER Full-Year Net Profit RMB985 Million, Down Nearly 40%; Final and Special Dividend Total RMB0.253

INNOVENT BIO Annual Results Swing into Profit of RMB814M, Manifesting Profit for First Time

MEITUAN-W 2025 Adj. EBITDA Loss of RMB13.783B; 4Q Adj. EBITDA Loss of RMB14.025B

PONY-W 2025 Non-GAAP Loss Deepens to USD179M

PING AN Annual NP RMB134.778B, Up 6.5% YoY; Final DPS RMB1.75

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