PRE-MARKET AUSTRALIAN STOCK NEWS
Australia
Capstone Copper (CSC AT) - Copper production at the Co.’s mine in northern Chile has halted amid a nearly three-week labour strike. (Bloomberg)
GenusPlus (GNP AT) – Co. upgraded its FY26 normalised EBITDA to 35% Y/Y (prev. guided 20-25%). (GenusPlus)
Guzman y Gomez (GYG AT) – The Co. agreed to a multi-year partnership with Uber (UBER), with the delivery service to become the Co.’s exclusive delivery partner in Australia. (Dow Jones)
IperionX (IPX AT) – Co. has received a USD 300mln order from American Rheinmetall (RHM GY) to produce 700 lightweight titanium components. (Dow Jones)
Miners – Commodities, such as gold, platinum and silver, continued to extend to record highs.
Bank of Queensland (BOQ AT) upgraded to Neutral from Underweight at JPMorgan.
Netwealth (NWL AT) upgraded to Buy from Hold at Jefferies.
Nine Entertainment (NEC AT) downgraded to Neutral from Overweight at JPMorgan.
Northern Star (NST AT) downgraded to Neutral from Buy at UBS.
South32 (S32 AT) upgraded to Buy from Neutral at UBS.
Other News
- Australian S&P Global Composite PMI Flash (Jan) 55.5 (Prev. 51); Manufacturing PMI Flash (Jan) 52.4 (Prev. 51.6); Services PMI Flash (Jan) 56.0 (Prev. 51.1)