PRE-MARKET AUSTRALIAN STOCK NEWS: ANZ FY cash profit beats estimates, Stockland abandons data centre plan

Ansell (ANN AT) - CEO says FY27 end-market conditions have been largely in line with expectations, with good Q1 constant-currency sales growth supported by strong US demand. Margins have been trending positively, supported by supply chain productivity and operational initiatives, while key input costs have eased but remain elevated. Maintains FY27 adj. EPS guidance of USD 1.58-1.70. (Newswires) ANZ (ANZ AT) - FY 2026 (AUD): Cash Profit 7.59bln (exp. 7.55bln), Net Profit 7.27bln (prev. 5.89bln Y/Y), Cash Profit ex-significant items 7.59bln (prev. 6.90bln Y/Y), Revenue 22.14bln (prev. 22.19bln Y/Y), Credit Impairment 582mln (prev. 441mln Y/Y), CET1 ratio 12.0% (prev. 12.0% Y/Y), Average Gross Loans & Advances 837.6bln (prev. 833.6bln Y/Y), Average Customer Deposits 779.3bln (prev. 760.8bln Y/Y), Net Interest Margin 1.53% (prev. 1.55% Y/Y). Maintains the dividend at AUD 0.83/shr. CEO says they are on track to deliver on immediate priorities, and that 2027 is a pivotal year. (ANZ) Australian Housing - Home sales and auction clearance rates reportedly increased amid signs of recovery in the property market, with capital city auction volumes rising 1.2% W/W to 1,734 and expected to exceed 2,000 next week, according to Cotality. Codan (CDA AT) - Co. is to acquire Eventide Communications for an enterprise value of USD 244mln on a cash-free, debt-free basis. (Codan) Dyno Nobel (DNL AT) - FY 2026 (AUD): Net Profit 66.1mln (prev. loss of 53.2mln Y/Y), underlying net profit fell 22% Y/Y to 330.9mln, EBIT fell 29% Y/Y to 503.6mln and explosives underlying EBIT 485.1mln. Declares final dividend of AUD 0.05/shr. Expects FY27 underlying EBIT of 515-555mln, with earnings split c. 40% H1/60% H2. Transformation programme has delivered 185mln in EBIT benefits to date, reaching 70% of its FY26 exit run rate, with 85-95% expected by end-FY27. Ceased share buyback in September after repurchasing AUD 574mln in shares since July 2024. (Dyno Nobel) Firmus - Co. is reportedly acquiring land in Tailem Bend, South Australia, to revive plans for a major regional data centre, a month after abandoning its AUD 44bln Australian IPO. (The Australian) Goodman Group (GMG AT) - Co. acquires a 9.9% stake in NextDC (NXT AT) at AUD 9.22/shr through a special purpose JV with Digital Realty. (Goodman Group) Karoon Energy (KAR AT) - Co. revises development plan for its Neon oil project, advancing to the front-end engineering design phase with a phased development approach to reduce upfront capital exposure. Phase 1 capex estimated at USD 800-950mln, with resources of 60mln barrels, first oil targeted in 2030 and peak production of 25-30k bpd. Estimates an after-tax IRR of mid-20% based on long-term Brent at USD 73.50/bbl. Plans to restart the farm-down process by year-end, with a suitable partner required before a final investment decision, and has entered an exclusivity agreement with Altera Infrastructure for the Piranema Spirit FPSO. (Karoon Energy) IGO (IGO AT) - Co. says mining and processing operations at its Nova nickel mine have ended, with life-of-mine production of nickel, copper and cobalt exceeding the upper end of guidance. Co. expects to complete divestment of Nova in the coming weeks. (Newswires) National Australia Bank (NAB AT) - Co. appoints former Commonwealth Bank executive Ian Saines as Chair-elect, succeeding Philip Chronican, who will retire in July 2027 after eight years as Chair. (National Australia Bank) Northern Star Resources (NST AT) - Co. says commissioning of its expanded KCGM processing plant is progressing, although performance remained variable in October, with gold output below plan at 15,300oz due to commissioning-related issues affecting availability and throughput. KCGM is currently tracking towards the lower end of FY27 guidance, with annual production dependent on the timing and pace of the ramp-up. Notes plant performance has shown greater stability in November, with specialists working to resolve outstanding issues. (Newswires) Regis Resources (RRL AT) - Co. says operations at its Duketon project have largely resumed following a temporary suspension on Friday after the death of a contract worker, with all operations restarted except the Rosemont processing plant, where the incident occurred. (Regis Resources) Service Stream (SSM AT) - Co. announces an AUD 475mln equity raise, with all new shares to be issued at AUD 2.03/shr. (Newswires) Stockland (SGP AT) - Co. abandons plans for a data centre at its Sydney Airport logistics development following community opposition, with the nearly 2sq km joint venture project with John Boyd Properties to proceed without a data centre. (Bloomberg) Ventia Services (VNT AT) - Co. introduces a new three-sector operating structure from December 1, targeting annualised cost savings of at least AUD 60mln by December 2027, with one-off restructuring costs of c. AUD 30mln. Expects H2 revenue below the prior corresponding period amid challenging telecommunications and energy trading conditions, although the earnings impact is expected to be substantially mitigated. Reaffirms FY26 underlying NPATA growth guidance of 7-10%, excluding restructuring costs. (Ventia Services) WiseTech Global (WTC AT) - Co. appoints Katrina Johnson as Chief Governance Officer in a newly created role and as Company Secretary, while General Counsel Damien Sullivan becomes Alternate Company Secretary, replacing co-founder Maree Isaacs, who is retiring from the role. (WiseTech Global) Broker Moves: Qantas Airways (QAN AT) downgraded to Hold from Accumulate at Morgans Scentre (SCG AT) downgraded to Underweight from Neutral at Barrenjoey Scentre (SCG AT) downgraded to Equal Weight from Overweight at Morgan Stanley