PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Earnings from AGL Energy, Bravura, CBA, Seek & Suncorp, Hyundai Motor union announced four days of partial strikes
Investors focus on CBA's solid earnings despite economic warnings, Hyundai's strike risks in Korea, and Sony-TSMC's major semiconductor investment in Japan amid Toyota's global recall.
News detail
AUSTRALIA AGL Energy (AGL AU) - Co. FY (AUD) net rose to 756mln (prev. 112mln Y/Y), underlying net fell 1.7% Y/Y to 631mln, rev. fell 5.2% Y/Y to 13.59bln. (Dow Jones Newsplus) Bravura Solutions (BVS AU) - Co. FY (AUD) net rose 49% Y/Y to 110.9mln, underlying net rose more than 100% Y/Y to 63.1mln, rev. fell 9.7% Y/Y to 282.6mln, while continuing operations rev. rose 10% Y/Y. (Dow Jones Newsplus) Commonwealth Bank (CBA AU) - Co. FY (AUD) cash profit rose 7% Y/Y to 10.87bln (exp. 10.85bln), pre-provision profit 16.47bln (prev. 14.96bln Y/Y), rev. rose 6.6% Y/Y to 30.15bln, dividend 2.70/shr (prev. 2.60/shr); Co. said home lending activity has softened from a high base and home loan application volumes appear to have stabilised in recent weeks, while the chief warned economic growth is slowing. (Dow Jones Newsplus/AFR/Newswires) Dexus Industria REIT (DXI AU) - Co. FY (AUD) net fell 12% Y/Y to 74.4mln, funds from operations fell 3.7% Y/Y to 55.7mln, rev. fell 7.8% Y/Y to 65.6mln. (Dow Jones Newsplus) Premier Investments (PMV AU) - Co. FY (AUD) Premier Retail rev. fell 2% Y/Y to 795.5mln, underlying EBIT guidance around 176mln (prev. guidance around 183mln). (Dow Jones Newsplus) Premier Investments (PMV AU) - Co. said Premier Retail continues to make strong progress against its strategic initiatives. (Dow Jones Newsplus) Seek (SEK AU) - Co. FY (AUD) net loss 371.3mln (prev. net 245.2mln Y/Y), continuing operations loss 306.5mln (prev. profit 238.3mln Y/Y), adjusted profit 199.1mln (prev. 155.2mln Y/Y), rev. 1.20bln (prev. 1.09bln Y/Y). (Dow Jones Newsplus) Suncorp Group (SUN AU) - Co. FY (AUD) net fell 44% Y/Y to 1.03bln, rev. fell 4% Y/Y to 16.77bln, final dividend 0.52/shr, special dividend 0.10/shr, Co. to launch a 250mln share buyback during FY27. (Dow Jones Newsplus) JAPAN Mitsubishi Electric (6503 JT) - Co. is preparing to increase large-satellite production as Japan targets six to eight rocket launches annually following the successful H3 launch. (Nikkei) Sony Group (6758 JT) - Co. and TSMC (2330 TT) plan to invest USD 6.3bln in an advanced image-sensor plant in Kumamoto, targeting mass production from 2029 through a new joint venture. (Nikkei) Toyota Motor (7203 JT) - Co. is recalling around 655,000 Camry vehicles globally over a display fault that may disable safety indicators during startup, including more than 508,000 model-year 2025-2026 Camry Hybrids in the US. (Newswires) SOUTH KOREA Hyundai Motor (005380 KS) - Co.’s labour union will stage four days of partial strikes this week after wage negotiations with management failed to reach an agreement. (Yonhap) Tech - South Korean sovereign wealth fund is to join the global race for AI and robotics. (Newswires) Geopolitics - North Korea fired at least one suspected ballistic missile, which fell outside Japan's Exclusive Economic Zone. (Newswires) Other News Bank of Korea Senior Deputy Gov. Yoo Sang-dai said the central bank is highly likely to deliver another rate hike in the near future unless external shocks or other factors emerge, as it seeks to bring inflation under control. (Yonhap)
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