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PRE-MARKET AUSTRALIAN STOCKS NEWS: Telstra (TLS AT) reaffirmed FY guidance provided in August, subject to previously stated conditions, and is increasing mobile network density and security investment

StockNow breaking-news AI analysis

The roundup reports Telstra’s guidance reaffirmation and network plans, company and asset developments, and broker revisions. Reuters separately published Telstra’s FY2027 forecast ranges in August.

News detail

Abacus Group (ABG AT) - Co. has launched a search for a new Managing Director after Steven Sewell announced plans to retire, with an internal candidate emerging as the frontrunner. (The Australian) Domino's Pizza Enterprises (DMP AT) - Co. is seeking a new Australia and New Zealand CEO after Merrill Pereyra departed less than a year into the role, with Group CEO Andrew Gregory assuming immediate responsibility for the division, which operates almost 880 stores. (AFR) Maas Group (MGH AT) - Co. is confident it will collect AUD 1.1bln owed by Firmus under existing contracts despite the data centre operator's failed IPO wiping almost AUD 850mln from Maas Group's market capitalisation. (The Australian) Telstra (TLS AT) - Co. reaffirmed FY guidance provided in August, subject to previously stated conditions, and is increasing mobile network density and security investment while developing network-as-a-product capabilities and assessing opportunities in subsea cables and AI infrastructure. (Dow Jones Newswires) Woodside Energy (WDS AT) - Co. appointed Stephane Drouaud as Managing Director of its Mexico operations, alongside his existing role as Vice President of the Trion Project. (Dow Jones Newswires) Other News - Australia Post is selling AUD 320mln of Sydney property assets to fund growth in its parcels business. (The Australian) Broker Ratings/Price Target Ampol (ALD AT) - Price target raised 4.5% to AUD 46.00/shr by Morgan Stanley. BHP Group (BHP AT) - Price target raised 1% to AUD 69.00/shr by Morgan Stanley. Iluka Resources (ILU AT) - Price target cut 13% to AUD 7.05/shr by Morgan Stanley. Lynas Rare Earths (LYC AT) - Upgraded to Overweight from Equal-weight, price target cut 5% to AUD 14.65/shr by Morgan Stanley. Paladin Energy (PDN AT) - Price target cut 13% to AUD 10.45/shr by Morgan Stanley. Southern Cross Electrical Engineering (SXE AT) - Price target raised 7% to AUD 6.00/shr by Macquarie. Viva Energy (VEA AT) - Price target raised 12% to AUD 3.23/shr by Morgan Stanley. Whitehaven Coal (WHC AT) - Price target raised 6% to AUD 8.95/shr by Morgan Stanley.

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