PRE-MARKET AUSTRALIAN, JAPANESE & SOUTH KOREAN STOCK NEWS: SoftBank in focus after Arm Holdings earnings, while Sony looks to takeover Tamron, Samsung Electronics also reported earnings
Asian markets center on SoftBank and Arm's AI-driven growth, Sony's $1.2bn takeover bid for Tamron, and Samsung's strong server chip earnings despite looming production cuts at Nissan.
News detail
AUSTRALIAAmpol (ALD AT) - Co. said Q2 Lytton refiner margin was USD 30.93/bbl, Lytton refinery production was 1.51bln litres, Australian wholesale volumes were 2.49bln litres and total sales volume was 6.18bln litres; CEO said the refinery performed very reliably at maximum production. (Dow Jones Newsplus)Commonwealth Bank of Australia (CBA AT) - Regulators rejected the Co.'s attempt to restrict low-income earners from accessing fee-free accounts as part of a crackdown on excessive bank account fees, particularly for vulnerable customers. (AFR)Domino’s Pizza Enterprises (DMP AT) - Co. will close 60 stores and record an AUD 300mln impairment after its overseas expansion underperformed. (The Australian)National Australia Bank (NAB AT) - Co. said business and private banking lending balances rose 4% in the June quarter, deposits rose 1%, at-call deposits rose 3%, home-lending balances rose 2%, business and private bank applications fell 9%, group home-loan applications fell 15%, while the non-performing loan ratio improved to 2.91% from 3.00% in March. (Dow Jones Newsplus)Perseus Mining (PRU AT) - Co. said 4Q gold output was 109,013oz, all-in site costs were USD 1,941/oz, average cash margin was USD 2,145/oz, notional cashflow was USD 216mln and cash and bullion stood at USD 1.03bln; sees FY27 gold output of 420k-480k oz and all-in site costs of USD 1,835-2,070/oz. (Dow Jones Newsplus)PLS Group (PLS AT) - Co. said 4Q production fell 8% Q/Q to 214.3k tonnes, revenue rose 31% Q/Q to AUD 743mln and cash margin from operations rose 26% Q/Q to AUD 579mln; exceeded FY26 production guidance, met FY26 unit operating cost and capex guidance, and sees FY27 production of 1.03mln-1.10mln tonnes. (Dow Jones Newsplus)Resolute Mining (RSG AT) - Co. said Q2 EBITDA (USD) was USD 128.5mln (prev. USD 202.9mln Q/Q), rev. (USD) was USD 247.1mln (prev. USD 337.6mln Q/Q); expects FY gold output at the lower end of 250k-275k oz guidance and maintained FY all-in sustaining cost guidance. (Dow Jones Newsplus)St Barbara (SBM AT) - Co. said 4Q New Simberi all-in sustaining cost was AUD 4,514/oz and New Simberi cash flow was AUD 29mln; Touquoy restart and 15-Mile Processing Hub project remain on track. (Dow Jones Newsplus)Broker Ratings/Price TargetDyno Nobel (DNL AT) - Resumed at Outperform by Macquarie; resumed with AUD 4.20/shr price target by Macquarie.Northern Star Resources (NST AT) - Price target cut 4% to AUD 24.00/shr by Macquarie. JAPANANA Holdings (9202 JT) - Co. Q1 (JPY) net fell 15% Y/Y to JPY 19.4bln. (Nikkei)Denso (6902 JT) - Co. is expanding its use of quantum computing and is partnering with startup Quemix on quantum-assisted aerodynamic simulations. (Nikkei)ENEOS Holdings (9503 JT) - Co. will invest in First Gen's Wawa hydropower project in the Philippines. (Japan press)ispace (9348 JT) - Co. selected Japan's H3 rocket instead of SpaceX's Falcon 9 for its next moon landing mission. (Nikkei)Nipro (8086 JT) - Co. plans to launch mobile dialysis training for healthcare professionals in rural India to address labour shortages and support business growth. (Nikkei)Nissan Motor (7201 JT) - Co. plans to cut global production by 1.5% Y/Y to 2.6mln units in August-October, citing the impact of the Middle East conflict and a slowdown in the Chinese market. (Japan press)NTT (9432 JT) - Co. and SoftBank Group (9984 JT) are exploring a cross-industry AI and data-sharing platform in Japan. (Nikkei)Panasonic Holdings (6752 JT) - Co. plans to invest USD 21mln to raise annual air conditioner production capacity in India to 2mln units by fiscal 2028, around four times current capacity. (Nikkei)SoftBank Group (9984 JT) - Co. unit Arm Holdings (ARM) Q1 (USD) adj. EPS 0.45 (exp. 0.40), rev. 1.29bln (exp. 1.26bln). (Newswires)Tamron (7740 JT) - Co. received a non-binding takeover offer from Sony (6758 JT). (Newswires)Other NewsJapanese automakers' imports of vehicles manufactured overseas reached a record high in H1 as production shifted to lower-cost emerging markets. (Nikkei)SOUTH KOREAKiwoom Securities (039490 KS) - Co. Q2 (KRW) net rose 119.4% Y/Y to KRW 680.6bln, operating profit rose 93.2% Y/Y to KRW 789bln, rev. rose 256.7% Y/Y to KRW 16.07trln. (Newswires)Samsung Electronics (005930 KS) - Co. Q2 (KRW) net 71.3tln (exp. 68.5tln), oper. profit 89.4tln (prelim. 89.4tln), rev. 171tln (prelim. 171tln). (Newswires)Other News - South Korea will impose additional curbs on single-stock leveraged ETFs, including capping the limit an individual's investment in such products to 20% of their total investment assets. (Newswires)
Related stocks
3 stocksWhat do investors think?
StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.
