PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCK NEWS: Macquarie beats net profit estimates, SoftBank in talks with Nvidia, SK Hynix receives flurry of orders by tech firms
Australia
AMA Group (AMA AT) – Co. announces share buybacks of up to 47.8mln ordinary shares for up to 12 months. (Newswires)
Endota (EDA AT) - Canterbury Partners is reportedly seeking a buyer for wellness group Endota in a deal valued at more than AUD 200mln. (AFR)
Macquarie Group (MQG AT) - Co. FY (AUD) net rose 31% Y/Y to 4.85bln (exp. 4.41bln), rev. rose 13% Y/Y to 19.45bln, dividend AUD 4.20 (prev. AUD 3.90), assets under management fell 23% Y/Y to AUD 722bln. Co. announced that it is to end share buyback in November due to the prevailing market conditions. (Dow Jones)
Japan
Kakaku,com (2371 JT) - Oasis Management raises its stake in Kakaku,com to 15.74% from 12.11%, according to a filing. (Newswires)
Mitsubishi UFJ Financial Group (8306 JT) - Co. agreed to form a strategic partnership with Google under which Japan's top bank will use the technology company's artificial intelligence to get closer to retail customers. (Nikkei)
Renesas Electronics (6723 JT) - Co. completed the acquisition of Irida Labs to expand vision AI software capabilities and accelerate system-level vision solutions. (Business Wire)
SoftBank (9984 JT) - Co. is in talks with Nvidia (NVDA) to build made-in-Japan AI servers. (Nikkei)
Other Japanese News:
- BoJ data up to April 30th shows Japan spent around JPY 4.68tln to support the JPY.
South Korea
BGF Retail (282330 KS) - Co. Q1 (KRW) net rose 118.7% Y/Y to 29.3bln, EBIT rose 68.6% Y/Y to 38.1bln, rev. rose 5.2% Y/Y to 2.12tln. (Yonhap)
CS Wind (112610 KS) - Co. Q1 (KRW) net fell 54.1% Y/Y to 43.9bln, EBIT fell 40.7% Y/Y to 74.3bln, rev. fell 21.2% Y/Y to 711.1bln. (Yonhap)
GS Retail (007070 KS) - Co. Q1 (KRW) net rose 783.6% Y/Y to 42.5bln, EBIT rose 39.4% Y/Y to 58.3bln, rev. rose 3.8% Y/Y to 2.85tln. (Yonhap)
HD Hyundai Heavy Industries (329180 KS) - Co. Q1 (KRW) net rose 172.3% Y/Y to 773.8bln, EBIT rose 108.8% Y/Y to 905.4bln, rev. rose 54.8% Y/Y to 5.91tln. (Yonhap)
HD Hyundai Marine Engine (071970 KS) - Co. Q1 (KRW) net rose 103% Y/Y to 28.1bln, EBIT rose 216.5% Y/Y to 32.6bln, rev. rose 60.8% Y/Y to 133.5bln. (Yonhap)
HD Korea Shipbuilding & Offshore Engineering (009540 KS) - Co. Q1 (KRW) net rose 86.6% Y/Y to 1.14tln. (Yonhap)
Korea Aerospace Industries (047810 KS) - Co. Q1 (KRW) net rose 41.4% Y/Y to 41.3bln, EBIT rose 43.4% Y/Y to 67.1bln, rev. rose 56.3% Y/Y to 1.09tln. (Yonhap)
Kumho Petrochemical (011780 KS) - Co. Q1 (KRW) net fell 22.9% Y/Y to 96.3bln, EBIT fell 50.7% Y/Y to 59.4bln, rev. fell 6.7% Y/Y to 1.77tln. (Yonhap)
KT&G (033780 KS) - Co. Q1 (KRW) net rose 46.6% Y/Y to 378.2bln, EBIT rose 27.7% Y/Y to 364.5bln, rev. rose 14.3% Y/Y to 1.7tln. (Yonhap)
LG (003550 KS) - Co. Q1 (KRW) net fell 37.7% Y/Y to 379bln, EBIT fell 35.1% Y/Y to 413.8bln, rev. fell 7% Y/Y to 1.8tln. (Yonhap)
LG CNS (064400 KS) - Co. expressed a goal of becoming a major partner for companies seeking to incorporate robots into their business and unveiled a new platform that can train and manage robots. (Yonhap)
LIG Nex1 (079550 KS) - Co. Q1 (KRW) net rose 69.5% Y/Y to 135.4bln, EBIT rose 56.1% Y/Y to 171.1bln, rev. rose 28.7% Y/Y to 1.16tln. (Yonhap)
Netmarble (251270 KS) - Co. Q1 (KRW) net rose 163% Y/Y to 210.9bln, EBIT rose 6.8% Y/Y to 53.1bln. (Yonhap)
SK Hynix (000660 KS) – Co. has received offers by big global tech firms to invest in its new production lines and fund purchases of its UV lithography machines. (Reuters)
Macquarie Group's strong FY net profit beat underscores robust financial performance despite a drop in assets under management, which may signal resilient demand for investment services. SoftBank's discussions with Nvidia to develop AI servers highlight a significant move in the tech sector, potentially boosting both companies' market positions. Meanwhile, SK Hynix's flurry of orders indicates renewed confidence in semiconductor demand, crucial for future growth in tech.