PRE-MARKET AUSTRALIA, JAPAN & SOUTH KOREA STOCK NEWS: BGH is front runner to acquire medical unit from Healius, AUSTRAC will continue pursuing Westpac, Fujifilm to invest JPY 100bln to boost output, SoftBank to cut 15% of Vision Fund staff

AUSTRALIA

Healius (HLS AT) - BGH Capital is said to be front runner to acquire Co.’s medical unit. (Newswires)

Kogan.com (KGN AT) - Co. is expected to announce an equity raising valued at AUD 100mln. (Newswires)

Senex Energy (SXY AT) - Co. completed the Surat Basin natural gas development project valued at AUD 400mln. (Newswires)

Southern Cross Electrical Engineering (SXE AT) - Co. halted pending announcement related to Amrun project adjudication. (Newswires)

Westpac (WBC AT) - AUSTRAC is to continue its pursuit of the Co. for unquantifiable breaches of law. (AFR)

Worley Parsons (WOR AT) - Co. guides end of FY21 operational savings target at AUD 275mln. (Newswires)

Tensions - China’s Education Ministry told students to assess risks of studying in Australia due to alleged many racial incidents against Asians due to coronavirus. (Newswires)

Other News - National cabinet may reportedly delay plans for a rapid scaling back of social restrictions following the BLM protests which could cost the economy AUD 1bln. (The Australian) 

JAPAN

East Japan Railway (9020 JT) - Co. said it raised JPY 410bln in April and May to top up its finances after ridership continued to slump amid the pandemic. (Nikkei)

Fujifilm Holdings (4901 JT) - Co. is to invest around JPY 100bln to boost output of biopharmaceuticals in its Denmark plant. (Nikkei)

Nippon Parking Development (2353 JT) - Co. 9-month net JPY 1.6bln vs. Prev. JPY 2.3bln Y/Y. (Newswires)

Rakuten (4755 JT) - Co. completes transfer of Overdrive Holdings shares to book JPY 39bln gain on deal. (Newswires)

SoftBank (9984 JT) - Co.s Vision Fund is to cut 15% of employees. (Nikkei)

Toyota (7203 JT) - Mexico President Obrador stated that the Co. is in the process of settling its tax issue. (Newswires)

Other News - S&P lowered Japan’s sovereign outlook from positive to stable; affirmed rating at A+. (Newswires)

SOUTH KOREA

Korea Shipbuilding & Offshore Engineering (009540 KS) - Co. received a KRW 90bln order for 2 petrochemical carriers. (Newswires)

LG Chem (051910 KS) - Co. is reportedly to sell certain assets to Ningbo Shanshan which will bring interest in LG Chem to 70%. (Newswires)

Geopolitics - US State Department said it is disappointed in North Korea’s actions to sever communication links with South Korea. (Yonhap)

Other News - South Korea’s government is to deregulate as it seeks to support local retail firms to utilize more high-end tech and meet the increasing demand for delivery services, while it will help smaller online business set up a comprehensive logistics centre with latest technology for all phases of delivery from packing to shipping. (Newswires)

10 Jun 2020 - 00:40- Research Sheet- Source: Newswires