PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Earnings deluge

AUSTRALIA

Alliance Aviation Services (AQZ AT) - Co. announced a 3-year contract extension with Glencore (GLEN FP). (Newswires)

Aussie Broadband (ABB AT) - Co. reaffirmed upgraded FY24 EBITDA guidance of AUD 105mln-110mln. (Newswires)

Baby Bunting Group (BBN AT) - Co. FY24 (AUD) pro forma NPAR expected at 2mln-4mln, while H1 comparable store sales fell 7%. (Newswires)

CBA (CBA AT) - Co. quarterly (AUD) cash NPAT 2.4bln (prev. 2.6bln Y/Y), Common Equity Tier 1 ratio 11.9%, loan impairment expense 191mln. (Newswires)

JB Hi-Fi (JBH AT) - Co. Q3 Australia comparable sales fell 0.3% Y/Y, New Zealand comparable sales rose 2.9% Y/Y and The Good Guys comparable sales fell 0.8% Y/Y, Co. said the group’s sales remained resilient for the quarter and in line with the group’s expectations. (Newswires)

News Corp (NWS AT) - Co. extended its existing partnership with Google, in a deal which will see the tech giant continue to pay the media company for the use of its content. (The Australian)

Orica (ORI AT) - Co. H1 (AUD) net 337.5mln (prev. 122.6mln Y/Y), rev. from cont. ops fell 8.5% Y/Y to AUD 3.66bln. (Newswires)

PharmAust (PAA AT) - Co. appointed Sam Wright as interim Chairman and promoted John Clark to MD. (Newswires)

Santos (STO AT) - Co. said Barossa gas project is now over 73% complete and the trajectory is to deliver the first gas in Q3 2025, while Pikkas Phase 1 project is nearing 50% completion. (Newswires)

Super Retail Group (SUL AT) - Co. reported mixed sales growth across its brands in the first 43 weeks of FY24. (Newswires)

Temple & Webster (TPW AT) - Co. said trading has remained strong over the first half with sales from January 1st- May 5th up 30% Y/Y, while it reiterated FY EBITDA guidance range. (Newswires)

Tietto Minerals (TIE AT) - Mitsubishi UFJ Financial Group (8306 JT) cut voting power in Tietto Minerals to 10.3% from 11.3%. (Newswires)

JAPAN

Kawasaki Kisen (9107 JT) - Co. is to buy back up to JPY 86.8bln of its shares today. (Newswires)

Mazda Motor (7261 JT) - Co. revises FY23/24 net forecast to JPY 207.6bln from 170.0bln. (Newswires)

Mitsubishi Motors (7211 JT) - Co. FY23/24 (JPY) net fell 8.3% Y/Y to 154.7bln, operating profit rose 0.2% Y/Y to 190.9bln, Co. US subsidiary was ordered to pay a judgement of USD 1.01bln related to 2017 auto accident and it plans to appeal the judgement. (Newswires)

ORIX Corp (8591 JT) - Co. FY23/24 (JPY) net rose 19.2% Y/Y to 346.1bln, sees FY24/25 net to rise 12.7% Y/Y to 390.0bln, Co. is to buy back up to 3.5% of shares for JPY 50bln. (Newswires)

Osaka Gas (9532 JT) - Co. FY23/24 net rose 132% Y/Y to 132.7bln, sees FY24/25 net to decline 15.6% Y/Y to 112bln, Co. will buyback up to 3.66% of shares for JPY 20bln. (Newswires)

SoftBank (9984 JT) - Co. is said to be in talks to buy troubled AI chip firm Graphcore. (Newswires)

Sony (6758 JT) - Co. and Apollo Global Management plan to break up Paramount (PARA). (New York Times)

Sumitomo Corp (8053 JT) - Co. FY23/24 (JPY) net fell 31.7% Y/Y to 386.4bln, sees FY24/25 net to increase 37.2% Y/Y to 530bln. (Newswires)

Toshiba TEC (6588 JT) - Co. revises FY23/24 (JPY) net forecast to a loss of 6.5bln from break even. (Newswires)

SOUTH KOREA

Korea Airport Service (005430 KS) - Co. Q1 (KRW) operating profit 15bln (prev. loss Y/Y). (Newswires)

Naver Corp (035420 KS) - Japan’s Line Yahoo CEO said will pursue to phase out Naver ties and pursue technical independence. (Yonhap)

Shinsegae Information & Communication (035510 KS) - Co. Q1 (KRW) oper. profit fell 15% Y/Y to 7bln. (Newswires)

09 May 2024 - 00:40- EquitiesResearch Sheet- Source: Newswires