PRE-MARKET AUSTRALIAN STOCKS NEWS: RBA rate decision in focus
ORIGINAL · NewsquawkPRE-MARKET AUSTRALIAN STOCKS NEWS: RBA rate decision in focusRead originalHide original
Arena REIT (ARF AT) - Co. guided to FY27 distribution of AUD 0.20/security, up 3.9% Y/Y, assuming required approvals and lease assignment consents for Edge Centers transactions, while the Co. contracted to sell two additional ELC properties in October, bringing FY27 property sale proceeds to AUD 23.1mln at a 7.9% premium to book value. (Dow Jones Newswires) Barrenjoey Group (BJY AT) - Magellan Financial Group officially changed its name to Barrenjoey Group Limited, with its trading symbol changed to BJY AT. (Dow Jones Newswires) Property - Westpac CEO Anthony Miller warned Australia's housing downturn is only halfway through, with another interest rate hike expected to deepen the slump, while Westpac forecasts an 11% peak-to-trough decline in house prices. (The Australian) Energy - Senex Energy called on the Labor government to disclose the modelling behind its proposed gas policy, warning the scheme could make the Co. unprofitable despite selling all its gas domestically. (The Australian) Broker Ratings/Price Target James Hardie Industries (JHX AT) price target raised 0.2% to AUD 45.30/shr by Macquarie.
The report covers company guidance and transactions, housing and gas-policy concerns, and a price-target change; the RBA preview describes an expected decision, not a confirmed outcome.
News detail
Arena REIT (ARF AT) - Co. guided to FY27 distribution of AUD 0.20/security, up 3.9% Y/Y, assuming required approvals and lease assignment consents for Edge Centers transactions, while the Co. contracted to sell two additional ELC properties in October, bringing FY27 property sale proceeds to AUD 23.1mln at a 7.9% premium to book value. (Dow Jones Newswires) Barrenjoey Group (BJY AT) - Magellan Financial Group officially changed its name to Barrenjoey Group Limited, with its trading symbol changed to BJY AT. (Dow Jones Newswires) Property - Westpac CEO Anthony Miller warned Australia's housing downturn is only halfway through, with another interest rate hike expected to deepen the slump, while Westpac forecasts an 11% peak-to-trough decline in house prices. (The Australian) Energy - Senex Energy called on the Labor government to disclose the modelling behind its proposed gas policy, warning the scheme could make the Co. unprofitable despite selling all its gas domestically. (The Australian) Broker Ratings/Price Target James Hardie Industries (JHX AT) price target raised 0.2% to AUD 45.30/shr by Macquarie.
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