PRE-MARKET AUSTRALIAN STOCKS NEWS: Washington H Soul Pattinson (SOL AT) H1 (AUD) net rose to 2.30bln (prev. 327mln Y/Y)
AMP (AMP AT) - Co. appointed Adrian Ryan as acting Chief Financial Officer, while previously promoting CFO Blair Vernon to CEO from March 30. (Dow Jones Newswires)
Lynas Rare Earths (LYC AT) - Co. is to develop a metal-making partnership with LS Eco Energy. (Newswires)
Qantas Airways (QAN AT) - Co.’s Jetstar unit is cutting Australia–New Zealand flights amid an oil price shock. (SMH)
Sims Ltd (SGM AT) - Co. said its Sims Lifecycle Services business contributed approximately 40% of underlying EBIT in H1 FY26, while group underlying EBIT rose to AUD 121.1mln (prev. 73.0mln Y/Y). (Motley Fool)
St Barbara (SBM AT) - Co. said all conditions have been satisfied or waived on the Lingbao deal and expects to record a gain of roughly AUD 500mln upon completion. (Dow Jones Newswires)
Washington H Soul Pattinson (SOL AT) - Co. H1 (AUD) net rose to 2.30bln (prev. 327mln Y/Y), regular profit rose to 304mln (prev. 285mln Y/Y), rev. rose to 818mln (prev. 493mln Y/Y). (Dow Jones Newsplus)
Westpac Banking Corporation (WBC AT) - Co.’s Unite technology project costs are rising as it migrates customers. (AFR)
Broker Ratings/Price Target
- Ramsay Health Care (RHC AT) price target cut by 3.8% to AUD 43.40/shr by Macquarie
The significant jump in Washington H Soul Pattinson's H1 net profit to AUD 2.30 billion, compared to AUD 327 million a year prior, indicates a strong recovery and robust operational performance. This notable increase may positively influence investor sentiment and lead to a reassessment of the stock's valuation, especially given the broader market conditions.