Global Markets

PRE-MARKET AUSTRALIAN STOCKS NEWS: Monadelphous Group (MND AT) reported strong operating conditions in the first four months of FY27, securing AUD 830mln in new contracts since July 1

ORIGINAL · NewsquawkPRE-MARKET AUSTRALIAN STOCKS NEWS: Monadelphous Group (MND AT) reported strong operating conditions in the first four months of FY27, securing AUD 830mln in new contracts since July 1Read originalHide original

Aurizon Holdings (AZJ AT) - Co. reaffirmed FY27 underlying EBITDA guidance of AUD 1.725-1.775bln and dividend guidance of AUD 0.23-0.24/shr, with network volumes rising 3.2% to 74.7mln tonnes, coal volumes falling 4.0% to 63.5mln tonnes, Central Queensland coal volumes falling 0.6% to 45.6mln tonnes, NSW and Southeast Queensland coal volumes falling 12% to 17.9mln tonnes, bulk railed volumes rising 9% to 20.1mln tonnes and containerised freight volumes rising 14% in the four months through October; expects FY27 non-growth capex of AUD 590-660mln and growth capex of AUD 70-120mln, with network and bulk/containerised freight EBITDA expected to rise Y/Y, whilst coal EBITDA is expected to fall Y/Y. (Dow Jones Newsplus) Domino's Pizza Enterprises (DMP AT) - Co. is rolling out a financial assistance programme for its stores, drawing criticism from franchisees as the initiative will be funded largely through advertising fees paid by franchise operators. (AFR) Monadelphous Group (MND AT) - Co. reported strong operating conditions in the first four months of FY27, securing AUD 830mln in new contracts since July 1 amid particularly strong engineering construction demand, and expects H1 FY27 revenue of approximately AUD 1.7bln and net profit of AUD 80-85mln, although operating activity is expected to moderate in H2 as some projects conclude. (Dow Jones Newsplus) NextDC (NXT AT) - Co. CEO said he would be "mortified" to sell any of its land bank, although a hostile share raid and delays to its Footscray project could force asset sales. (The Australian) Superloop (SLC AT) - Co. expects FY underlying EBITDA of AUD 148-156mln, including an AUD 11mln contribution from Lynham, an AUD 3.8mln reduction from AGL and underlying growth of AUD 18.1-26.1mln, with capex forecast at AUD 58-62mln and 18.5k net new group customers added between July 1 and October 31. (Dow Jones Newsplus) Broker Ratings/Price Target ANZ Group (ANZ AT) price target raised by 1.5% to AUD 34.00/shr by Macquarie. Codan (CDA AT) price target cut by 3% to AUD 65.60/shr by Macquarie. Dyno Nobel (DNL AT) price target cut by 3.5% to AUD 4.20/shr by Macquarie. QBE Insurance (QBE AT) price target raised by 1.5% to AUD 26.60/shr by Macquarie. Smartgroup (SIQ AT) price target raised by 1.8% to AUD 11.51/shr by Macquarie. Ventia Services (VNT AT) price target cut by 11% to AUD 5.90/shr by Macquarie.

StockNow breaking-news AI analysis

The brief reports company operating updates, FY27 expectations and Macquarie price-target changes, including differing volume trends at Aurizon and expected H2 moderation at Monadelphous.

News detail

Aurizon Holdings (AZJ AT) - Co. reaffirmed FY27 underlying EBITDA guidance of AUD 1.725-1.775bln and dividend guidance of AUD 0.23-0.24/shr, with network volumes rising 3.2% to 74.7mln tonnes, coal volumes falling 4.0% to 63.5mln tonnes, Central Queensland coal volumes falling 0.6% to 45.6mln tonnes, NSW and Southeast Queensland coal volumes falling 12% to 17.9mln tonnes, bulk railed volumes rising 9% to 20.1mln tonnes and containerised freight volumes rising 14% in the four months through October; expects FY27 non-growth capex of AUD 590-660mln and growth capex of AUD 70-120mln, with network and bulk/containerised freight EBITDA expected to rise Y/Y, whilst coal EBITDA is expected to fall Y/Y. (Dow Jones Newsplus) Domino's Pizza Enterprises (DMP AT) - Co. is rolling out a financial assistance programme for its stores, drawing criticism from franchisees as the initiative will be funded largely through advertising fees paid by franchise operators. (AFR) Monadelphous Group (MND AT) - Co. reported strong operating conditions in the first four months of FY27, securing AUD 830mln in new contracts since July 1 amid particularly strong engineering construction demand, and expects H1 FY27 revenue of approximately AUD 1.7bln and net profit of AUD 80-85mln, although operating activity is expected to moderate in H2 as some projects conclude. (Dow Jones Newsplus) NextDC (NXT AT) - Co. CEO said he would be "mortified" to sell any of its land bank, although a hostile share raid and delays to its Footscray project could force asset sales. (The Australian) Superloop (SLC AT) - Co. expects FY underlying EBITDA of AUD 148-156mln, including an AUD 11mln contribution from Lynham, an AUD 3.8mln reduction from AGL and underlying growth of AUD 18.1-26.1mln, with capex forecast at AUD 58-62mln and 18.5k net new group customers added between July 1 and October 31. (Dow Jones Newsplus) Broker Ratings/Price Target ANZ Group (ANZ AT) price target raised by 1.5% to AUD 34.00/shr by Macquarie. Codan (CDA AT) price target cut by 3% to AUD 65.60/shr by Macquarie. Dyno Nobel (DNL AT) price target cut by 3.5% to AUD 4.20/shr by Macquarie. QBE Insurance (QBE AT) price target raised by 1.5% to AUD 26.60/shr by Macquarie. Smartgroup (SIQ AT) price target raised by 1.8% to AUD 11.51/shr by Macquarie. Ventia Services (VNT AT) price target cut by 11% to AUD 5.90/shr by Macquarie.

1 stocks

What do investors think?

Curious what other investors think?Log in to see reactions and join the conversation.
Log in to view reactions

StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.

Today's market highlights

A selection of stories drawing attention in the market.

See more