PRE-MARKET AUSTRALIAN, JAPANESE & SOUTH KOREAN STOCK NEWS: BHP Group (BHP AT) is said to have quietly cancelled billions of dollars in green projects

AUSTRALIA

BHP Group (BHP AT) - Co. is said to have quietly cancelled billions of dollars in green projects. (Newswires)

Commonwealth Bank of Australia (CBA AT) - Co.’s boss warned AI could lead to job losses and argued copyright protections must be maintained. (AFR)

Goodman Group (GMG AT) - Co. said it is on track for at least 9% operating EPS growth in FY26 and expects work in progress to total AUD 18.0bln by June. (Dow Jones Newsplus)

Mineral Resources (MIN AT) - Co. and Ganfeng approved an AUD 490mln flotation plant and underground development project at Mt Marion. (Dow Jones Newsplus)

NRW Holdings (NWH AT) - Co. said Fredon secured contracts valued around AUD 120mln, including an AUD 69mln electrical package for a LendLease data centre project. (Dow Jones Newsplus)

Qantas Airways (QAN AT) - Co.’s Project Sunrise flights have been delayed again after Airbus pushed back delivery of new A350s. (The Australian)

Santos (STO AT) - Co. will focus growth investment on LNG and oil across three regions, repurpose its Australian domestic oil and gas business, and expects Barossa plateau production in mid-2026. (Dow Jones Newsplus)

Treasury Wine Estates (TWE AT) - Co. brought forward CFO and strategy officer Stuart Boxer’s retirement to June 30, with Justin Pipito to take the role on an interim basis from July 1. (Dow Jones Newsplus)

Energy - Energy companies successfully lobbied against steep electricity price cuts, forcing the regulator to reverse course and deliver far smaller savings to households. (The Australian)

Broker Ratings/Price Target

Amplitude Energy (AEL AT) Price target raised 7.1% to AUD 3.00/shr by Macquarie
Charter Hall (CHC AT) Price target raised 1.0% to AUD 24.75/shr by UBS
Genesis Minerals (GMD AT) Price target cut 1% to AUD 9.00/shr by Macquarie
GrainCorp (GNC AT) Price target raised 3% to AUD 6.10/shr by Macquarie
Pexa Group (PXA AT) Price target cut 18% to AUD 12.80/shr by UBS
Port of Tauranga (POT NZ) Price target cut 1.9% to NZD 6.75/shr by Macquarie

JAPAN

Chiyoda (6366 JT) - Co. is to resume construction on a Qatari LNG plant. (Nikkei)

Fuji Electric (6504 JT) - Co. declared a year-end dividend of JPY 109/shr (prev. JPY 85/shr Y/Y). (Newswires)

Hokkaido Gas (9534 JT) - Co. declared a year-end dividend of JPY 13/shr (prev. JPY 10/shr Y/Y). (Newswires)

Mitsubishi Chemical Group (4188 JT) - Co. unit is exploring a potential spin-off of its basic chemicals operations focused on petrochemicals. (Newswires)

Shibaura Machine (6104 JT) - Co. FY (JPY) net fell 92% Y/Y to 1.03bln (prev. JPY 12.6bln Y/Y). (Newswires)

Other News

Japan will compile an extra budget of around JPY 3tln to subsidise fuel costs and support cost-of-living relief after higher gas and energy prices stemming from the Iran war, while PM Takaichi said the package will not add deficit-covering bonds or increase overall borrowing, seeking to ease bond market concerns. (Newswires/Nikkei)

SOUTH KOREA

Hyundai Motor (005380 KS) - Hyundai Motor Group created dedicated units for software-defined factory and robot components. (Yonhap)

Lotte Chemical (011170 KS) - Co. is pushing to sell its building materials unit, but price expectations reportedly differ with potential bidders due to the Co.’s high corporate valuation of KRW 400bln-500bln. (ChosunBiz)

Samsung Electronics (005930 KS) - Co. topped smartphone markets in Central and South America, the Middle East and Southeast Asia in Q1 on steady sales of its Galaxy S26 and Galaxy A series smartphones. (Yonhap)

Tech - Foreign investors sold more than KRW 10tln worth of shares in Samsung Electronics (005930 KS) and SK Hynix (000660 KS) last week while extending their net-selling streak in South Korean stocks to 12 sessions. (Yonhap)