PRE-MARKET AUSTRALIAN, JAPANESE & SOUTH KOREAN STOCKS NEWS: Fast Retailing Co. Ltd. (9983 JP) - Co. H1 net rose 20% Y/Y to JPY 279.3bln (prev. JPY 233.6bln Y/Y), rev. rose 15% Y/Y to JPY 2.06tln (prev. JPY 1.79tln Y/Y)

AUSTRALIA

Fortescue Ltd. (FMG AT) - Co. accelerating delivery of a fully integrated green energy grid, with a 2GW expansion expected to be delivered for less than USD 2.5bln, expects to complete 290MW of installed renewable capacity by early 2027 to meet fixed energy requirements of ore processing facilities. (Dow Jones Newsplus)

Monadelphous Group Ltd. (MND AT) - Co. secured construction and maintenance contracts and extensions valued at around AUD 145mln, including a Rio Tinto contract at the Paraburdoo iron ore mine, a two-year maintenance extension at BHP’s Olympic Dam operation, a two-year extension at Queensland Alumina operations, and a Harmony Gold plant construction contract at the Hidden Valley gold mine. (Dow Jones Newsplus)

Telix Pharmaceuticals Ltd. (TLX AT) - Co. said the FDA accepted its New Drug Application for TLX101-Px (Pixclara), a PET imaging agent for glioma, which has received Orphan Drug and Fast Track status, with a regulatory decision expected by September. (Motley Fool)

Broker Ratings/Price Target

• Evolution Mining Ltd. (EVN AT) price target cut 4% to AUD 11.00/shr by Jefferies
• IGO Ltd. (IGO AT) price target raised 29% to AUD 8.00/shr by Jefferies
• Orora Ltd. (ORA AT) price target cut 28% to AUD 1.69/shr by Jefferies
• Sandfire Resources Ltd. (SFR AT) price target raised 5% to AUD 20.00/shr by Jefferies
• South32 Ltd. (S32 AT) price target raised 4% to AUD 5.20/shr by Jefferies
• Transurban Group (TCL AT) price target cut 1.2% to AUD 13.69/shr by Jefferies
• Whitehaven Coal Ltd. (WHC AT) price target raised 5% to AUD 10.00/shr by Jefferies

JAPAN

Fast Retailing Co. Ltd. (9983 JP) - Co. H1 net rose 20% Y/Y to JPY 279.3bln, rev. rose 15% Y/Y to JPY 2.06tln, and raised FY net profit forecast 11% Y/Y to JPY 480bln (exp. JPY 465.7bln), raised operating income forecast to JPY 700bln from JPY 650bln and revenue forecast to JPY 3.90tln from JPY 3.80tln, and lifted dividend to JPY 640/shr from JPY 540/shr following strong H1 sales across all regions for its Uniqlo brand. (Nikkei)

Inpex Corp. (1605 JP) - Co. is considering redirecting investment originally bound for the Middle East to other regions as the Iran war risks delaying its plans in the United Arab Emirates. (Nikkei)

Mitsubishi Corp. (8058 JP) - Co. to receive a USD 2.4bln Japan state loan related to its acquisition of US natural gas developer Aethon Energy. (Nikkei)

Nissan Motor Co. Ltd. (7201 JP) - Co. is expected to deliver around 1.4k vehicles to the US that were originally intended for the Middle East as the Iran war disrupts export plans. (Nikkei)

Seven & i Holdings Co. Ltd. (3382 JP) - Co. will postpone the listing of its North American convenience store subsidiary 7-Eleven Inc. to FY 2027 at the earliest. (Nikkei)

Sumitomo Electric Industries Ltd. (5802 JP) - Co. plans to build a new tungsten production plant for JPY 15.9bln to reduce dependence on Chinese imports. (Nikkei)

Tokyo Electric Power Company Holdings Inc. (9501 JP) - Co. has drawn interest from Blackstone, Apollo Global Management and SoftBank for a planned capital tie-up. (Nikkei)

Other News

Japan’s Financial Services Agency has begun assessing risks to major domestic banks from recent troubles involving private credit. (Nikkei)

Japanese PM Takaichi said they are to release about 20 days of oil stockpiles in May. (Newswires)

Japan’s government is poised to clamp down on exports of metal and plastic waste to strengthen domestic use and prevent pollution from improper handling. (Nikkei)

SOUTH KOREA

Hanwha Aerospace Co. Ltd. (012450 KS) - Co. has halted its review of acquiring the ammunition business of Poongsan Corp. and has won a KRW 941bln contract to supply K9 self-propelled artillery systems to Finland. (Newswires)

Hanwha Solutions Corp. (009830 KS) - Co. has been ordered by South Korea’s financial regulator to submit a revised filing for its planned KRW 2.4tln share issuance citing insufficient information. (Yonhap)

Other News

South Korea government to keep price caps on fuel products unchanged for the next two weeks. (Yonhap)