PRE-MARKET AUSTRALIAN STOCKS NEWS: Updates from AMP and Bank of Queensland
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PRE-MARKET AUSTRALIAN STOCKS NEWS: Updates from AMP and Bank of Queensland
US Judge limited Justice Department's access to Rep. Ilhan Omar's records in sprawling immigration fraud probe, according to CNN's Jake Tapper
US President Trump reiterated that the war with Iran will end soon and fuel prices will drop shortly, adds Iran issue will be resolved quickly
On the Newsquawk feed at , 20 minutes before this page.
AMP (AMP AT) - Co. Q3 platform net cashflows rose 20% Y/Y to AUD 1.5bln, superannuation and investments net cash outflows AUD 138mln, New Zealand wealth management net cashflows AUD 100mln, total AUM across Australian and New Zealand wealth businesses AUD 168bln; completed AUD 75mln of its AUD 150mln on-market share buyback. (Dow Jones Newsplus)
Bank of Queensland (BOQ AT) - Co. FY26 (AUD) net rose 88% Y/Y to 250mln, rev. rose 1.2% Y/Y to 1.69bln, cash earnings fell 6.5% Y/Y to 358mln, dividend 0.20 (prev. 0.20), net interest margin 1.70% (prev. 1.64%), CET1 ratio 11.64% (prev. 10.94%), home lending fell 8% Y/Y, commercial lending rose 16% Y/Y; plans for sustainable return to mortgage growth in FY27. (Dow Jones Newsplus)
BHP Group (BHP AT) - Co.'s Escondida mine reportedly reached a preliminary agreement with the Supervisors' Union, subject to member ratification, averting a strike, according to sources. Co. is cutting 300 jobs in the Pilbara as costs rise, with Australian iron ore producers facing a AUD 530mln diesel cost hit amid mounting Chinese pressure on prices. (Newswires/The Australian)
Macquarie Group (MQG AT) - Co.'s Macquarie Capital head of infrastructure for Asia Pacific, Tom Butcher, has departed the investment bank. (AFR)
Mirvac Group (MGR AT) - Co. CEO believes Sydney's premium office market is finding a bottom, with its 55 Pitt Street tower exceeding leasing expectations ahead of completion. (The Australian)
Netwealth (NWL AT) - Co. Q1 funds under administration rose 15% Y/Y and 2.5% Q/Q to AUD 139.2bln, FUA net flows AUD 3.6bln, custodial inflows AUD 7.8bln, FUM net flows AUD 2.4bln, added 3,822 net new accounts and 21 intermediary relationships, with 715 Paradino subscribers at quarter-end; FY27 FUA net flow guidance AUD 17-19bln, excluding Paradino. (Dow Jones Newsplus)
Regis Resources (RRL AT) - Co. Chairman James Mactier and director Fiona Morgan will retire from the board in November, with Ian Macliver appointed independent non-executive director and nominated chairman-elect; recruitment for Morgan's replacement is well advanced. (Dow Jones Newsplus)
Treasury Wine Estates (TWE AT) - Co. reiterated FY27 earnings guidance, expecting EBITS at least equivalent to FY26, targeting EBITS margin expansion towards 25% and leverage below 2.0% by the end of FY28. (Dow Jones Newsplus)
WiseTech Global (WTC AT) - Co. said the securities regulator will take no action against three employees, including co-founder Richard White, over alleged share trading offences, while an investigation into a non-WiseTech employee continues; regulator also took no action regarding the 2024 governance investigation. (Dow Jones Newsplus)
Context
Pre-market roundups of this kind concentrate the session's idiosyncratic risk in a handful of names rather than moving the index, and the established pattern is for stock-level gaps to dominate sector read-throughs. The cluster worth separating is the wealth managers: platform flow data from AMP and Netwealth sit in the same peer set, and episodes where flows and AUM compound together have historically been read as confirmation of the margin-resilient platform model, while superannuation outflows have tended to be discounted as structural rather than cyclical. The regional bank print follows a familiar sequence: headline statutory gains flattered by base effects are usually set aside in favour of cash earnings, margin trajectory, and the credibility of promised mortgage re-entry, with CET1 build giving capital return optionality. BHP's twin items, an averted strike subject to ratification and Pilbara cost cuts against a diesel headwind and Chinese price pressure, map onto the recurring pattern where supply-side relief is capped by the demand side of the iron ore ledger. The WiseTech regulatory clearance removes an overhang of the kind that has historically compressed governance discounts once resolved. The follow-ons are broker revisions on the financials and any detail on the commercial versus mortgage mix at the bank.
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