PRE-MARKET AUSTRALIAN, JAPANESE & SOUTH KOREAN STOCK NEWS: Kioxia Holdings (285A JT) aims to challenge Samsung with wafer-bonding technology for advanced NAND products as it seeks to bolster stagnant market share
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AUSTRALIA4DMedical (4DX AT) - Co. is targeting a USD 3bln market with a new lung scan trial. (The Australian)Megaport (MP1 AT) - Co. halted trading pending an update on material commercial transactions. (The Australian)Nine Entertainment (NEC AT) - Co. completed the divestment of its regional TV assets for total cash consideration of AUD 20.5mln, with cash tax benefits from the crystallisation of AUD 100mln losses, and expects more than 60% of FY27 revenue from growth businesses. (Dow Jones Newsplus)Northern Star Resources (NST AT) - Activist Elliott built a stake of more than USD 716mln in the Co. (Dow Jones Newsplus)SRG Global (SRG AT) - Co. expects FY26 EBITDA at the top end of the AUD 164mln-168mln range and FY27 EBITDA of AUD 190mln-200mln, above current consensus, after securing AUD 1.85bln of contracts. (Dow Jones Newsplus)TPG Telecom (TPG AT) - Co. maintained FY26 EBITDA and capex guidance, expects H1 mobile subscriber growth of 70k-80k and digital mobile subscriber growth of 50k, while traditional prepaid subscribers are expected to shrink by 35k. (Dow Jones Newsplus)Wesfarmers (WES AT) - Co. will transition its Blackwoods and Workwear businesses into Bunnings, expects incremental sales and cost efficiencies, and said Industrial and Safety MD Tim Bult will retire in July. (Dow Jones Newsplus)Other NewsAustralian Bureau of Agricultural and Resource Economics and Sciences forecasts the value of agricultural production to fall 5% to AUD 98.3bln in 2026-27 following a record year in 2025-26, or AUD 104.5bln including fisheries and forestry. (Newswires)Australian Treasurer Jim Chalmers granted himself powers to redefine key elements of Labor’s AUD 80bln tax package after it passes parliament, leaving investors and legal experts uncertain on CGT and negative gearing rules. (The Australian)JAPANKioxia Holdings (285A JT) - Co. aims to challenge Samsung with wafer-bonding technology for advanced NAND products as it seeks to bolster stagnant market share. (Nikkei)Marubeni (8002 JT) - Co. transferred its entire 40% stake in Taiwanese LNG-fired combined cycle power project Everpower IPP to Jack Wang Motors Group. (Newswires)Sumitomo Mitsui Financial Group (8316 JT) - Co.’s subsidiary SMBC Nikko is considering launching a JPY 100bln mezzanine fund to help finance large acquisitions in Japan, according to people familiar with the matter. (Newswires)Toho Holdings (8129 JT) - 3D Investment Partners published a white paper, manga and website urging shareholders to vote against the Co.’s Proposal 4, a poison pill, at the June 26 AGM. (Newswires)Toyota Motor (7203 JT) - Co. and other Japanese automakers will unify standards for defective parts, while subsidiary Woven by Toyota said Senior Vice President Daisuke Toyoda will move to a new role at the automaker effective August 1. (Newswires/Nikkei)Developers - Japan will remove curbs on foreigners purchasing condos. (Yomiuri)SOUTH KOREAHyundai Mobis (012330 KS) - Co. said a fire broke out at its parts plant in India, raising concerns about potential supply disruption for Hyundai Motor and Kia manufacturing facilities in the country. (Yonhap)Hyundai Motor (005380 KS) - Co. May global sales fell 7.7% Y/Y to 325,473 vehicles due to production disruptions caused by parts supply shortages. (Yonhap)Kia Corp. (000270 KS) - Co. May global sales rose 2.7% Y/Y to 277,715 units, supported by robust demand for Sportage compact SUVs. (Yonhap)Other NewsFive life insurers have entered the race to acquire KDB Life Insurance, intensifying competition for the insurer. (ChosunBiz)
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