PRE-MARKET AUSTRALIAN, JAPANESE & SOUTH KOREAN STOCK NEWS: Samsung Electronics (005930 KS) and SK Hynix (000660 KS) said they will invest a combined KRW 4,755tln as part of the government's plan to promote regional development led by AI
Newsquawk Staff ·
AUSTRALIA
Collins Foods (CKF AT) - Co. FY (AUD) net profit 44.2mln, underlying EBITDA rose 6.3% Y/Y to 244.5mln, underlying EBIT rose 10% Y/Y to 130.7mln. (Dow Jones Newsplus)
Deep Yellow (DYL AT) - Co. agreed to acquire Energy Resources of Australia (ERA AT)'s 50% stake in the Cooper Creek JV for AUD 648k in cash on completion, giving it full ownership of tenure contiguous to its holdings in the Alligator Rivers uranium province. (Dow Jones Newsplus)
EZZ Life Science Holdings (EZZ AT) - Co. will sell its capital markets unit for AUD 145mln, with completion anticipated in Q4 FY26. (Newswires)
Goodman Group (GMG AT) - Co. offloaded a prime Sydney industrial estate for AUD 127.5mln to a Japanese buyer, as Japanese capital continues to target Australian real estate. (The Australian)
Perpetual (PPT AT) - A charity alliance is seeking to block the Co.'s proposed sale of its wealth unit to Bain in a deal reportedly worth around AUD 500mln. (Australian press)
Qantas Airways (QAN AT) - More than 1mln Co. customers who were denied refunds for flights cancelled during the pandemic will begin receiving notices on how to apply for compensation from the airline. (AFR)
Sims (SGM AT) - Co. appointed Jeff Wysocki as Chief Technology Officer, effective May 1, and Rob Thompson as President of Global Sims Metal, effective July 1, while ANZ Metal Managing Director John Glyde will retire in mid-2027 amid the continued evolution of the Co. and its businesses. (Dow Jones Newsplus/Newswires)
Broker Ratings/Price Target
Cochlear (COH AT) - Price target raised 3.5% to AUD 119.00/share by Macquarie.
JAPAN
Daiichi Sankyo (4568 JT) - Co.’s Enhertu was approved in the EU as the first tumour-agnostic HER2-directed therapy and antibody-drug conjugate for patients with previously treated HER2-positive metastatic solid tumours. (Newswires)
Honda Motor (7267 JT) - Co. is exploring over JPY 400bln in euro-denominated bonds to fund compensation for parts makers after revising its EV strategy and to invest in hybrid vehicles. (Nikkei)
IHI (7013 JT) - Co. and India’s ACME Group are set to receive support for a USD 3bln hydrogen and ammonia production project in India as Japan and India deepen energy ties. (Nikkei)
Rakuten (4755 JT) - Co.-led consortium is expected to receive JPY 150bln in Japanese government subsidies to develop a homegrown low-Earth orbit satellite communications network. (Nikkei)
SOUTH KOREA
Asiana Airlines (020560 KS) - Co. is to exit Star Alliance. (Newswires)
Samsung Electronics (005930 KS) - Co. and SK Hynix (000660 KS) said they will invest a combined KRW 4,755tln as part of the government's plan to promote regional development led by AI. (Newswires)
SK Hynix (000660 KS) - Parent SK Group said it plans to invest a combined KRW 2,100tln under its vision to strengthen South Korea's AI value chain, in line with the government's regional development strategy, while the Co. is exploring global financing options for new fabs and may consider overseas investments. (Yonhap/Newswires)
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