PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Earnings deluge, Japanese markets reopen from the long-weekend

AUSTRALIA

Ampol (ALD AT) - Co. Q1 refinery production 1,381 ML (prev. 1,490 ML Y/Y), group total sales volume 6,778 ML (prev. 6,897 ML Y/Y), Litton refinery margin USD 11.80/bbl (prev. USD 14.90/bbl Y/Y). (Newswires)

Bapcor (BAP AT) - Mark Bernhard is to continue as interim CEO and MD, while Paul Dumbrell will not be commencing as group’s CEO and MD as anticipated on May 1st. (Newswires)

Base Resources (BSE AT) - Co. announced FY24 production guidance for all products was revised upwards. (Newswires)

BHP (BHP AT) - Co. responded to press speculation regarding Samarco settlement in which it stated BHP Brasil’s provision for the Samarco Dam failure was USD 6.5bln as of December 31st, while it added that BHP Brasil, Samarco and Vale submitted a non-binding, indicative settlement proposal with a total financial value of BRL 127bln although negotiations are ongoing and no final agreement has been reached. (Newswires)

Coles (COL AT) - Co. quarterly (AUD) rev. 10.0bln (prev. 9.4bln Y/Y), supermarkets gross retail sales 9.32bln (prev. 8.87bln Y/Y), supermarket comparable sales growth 4.1% (prev. 6.5% Y/Y), Co. stated that supermarket volumes have remained positive in the early part of Q4. (Newswires)

Coronado Global Resources (CRN AT) - Co. Q1 ROM coal production 6.0mln tons, rev. USD 668mln, saleable coal output fell 13% Q/Q to 3.4mln tons. (Newswires)

IGO (IGO AT) - Co. Q3 (AUD) underlying EBITDA -15.0mln (prev. 533.2mln Y/Y), rev. 160.8mln (prev. 235.7mln Y/Y), Co. announced a major shutdown is scheduled for the September quarter at Kwinana – Train 1, while it is to transition Cosmos into care and maintenance. (Newswires)

Leandlease (LLC AT) - Co. could be plotting a move to tip all its unprofitable assets into a separate entity still held within the company’s overall structure that would be gradually sold down. (The Australian)

Origin Energy (ORG AT) - Co. Q3 share of APLNG total production 48.5PJ (prev. 45.4PJ Y/Y), share of total sales from APLNG 46.1PJ (prev. 43.5PJ Y/Y). (Newswires)

Sandfire Resources (SFR AT) - Co. Q3 (USD) underlying operations EBITDA at about 93mln, preliminary group sales revenue at about 206mln. (Newswires)

Worley (WPR AT) - Co. major shareholder offloads AUD 1.4bln stake. (The Australian)

JAPAN

Advantest (6857 JT) - Co. FY23/24 (JPY) net 62.3bln (prev. 130.4bln Y/Y), rev. 486.5bln (prev. 560.2bln Y/Y). (Newswires)

ANA Holdings (9202 JT) - Co. FY23/24 (JPY) net 157.1bln (prev. 89.6bln Y/Y), rev. 2.1tln (prev. 1.7tln Y/Y). (Newswires)

Chubu Electric Power (9502 JT) - Co. FY23/24 (JPY) net 403.1bln (prev. 38.2bln Y/Y), rev. 3.6tln (prev. 4.0tln Y/Y). (Newswires)

Hitachi (6501 JT) - Co. FY23/24 (JPY) net 589.9bln (prev. 649.1bln Y/Y), rev. 9.7tln (prev. 10.9tln Y/Y), Co. is to buyback up to JPY 300bln of shares and will conduct a 5-for-1 stock split effective July 1st. (Newswires)

Komatsu (6301 JT) - Co. FY23/24 (JPY) net 393.4bln (prev. 326.4bln Y/Y), rev. 3.9tln (prev. 3.5tln Y/Y), Co. announced JPY 100bbln share buyback. (Newswires)

Kyocera Corp (6971 JT) - Co. FY23/24 (JPY) net 101.7bln (prev. 128.0bln Y/Y), rev. 2.0tln (prev. 2.0tln Y/Y). (Newswires)

Makita Corp (6586 JT) - Co. FY23/24 (JPY) net 43.7bln (prev. 9.4bln Y/Y), rev. 741.4bln (prev. 764.7bln Y/Y). (Newswires)

Mitsubishi Corp (8058 JT) - Co. is reportedly to sell a 35% stake in KFC Holdings Japan (9873 JT) to Carlyle, while Co. said it is considering a sale of shares in KFC Holdings Japan but nothing has been decided. (Newswires/Nikkei)

Mitsubishi Electric (6503 JT) - Co. FY23/24 (JPY) net 284.9bln (prev. 213.9bln Y/Y), rev. 5.3tln (prev. 5.0tln Y/Y). (Newswires)

Murata Manufacturing (6981 JT) - Co. FY23/24 (JPY) net 180.8bln (prev. 244.0bln Y/Y), rev. 1.6tln (prev. 1.9tln Y/Y), Co. announced up to a JPY 80bln buyback. (Newswires)

NEC Corp (6701 JT) - Co. FY23/24 (JPY) net 149.5bln (prev. 284.2bln Y/Y), rev. 10.2tln (prev. 9.9tln Y/Y). (Newswires)

Nitto Denko Corp (6988 JT) - Co. FY23/24 (JPY) net 102.7bln (prev. 109.2bln Y/Y), rev. 915.1bln (prev. 929.0bln Y/Y). (Newswires)

Nomura Holdings (8604 JT) - Co. FY23/24 (JPY) net 165.9bln (prev. 92.8bln Y/Y), rev. 4.2tln (prev. 2.5tln Y/Y). (Newswires)

NS Solutions (2327 JT) - Co. FY24 (JPY) 24.2bln (prev. 22.0bln Y/Y), rev. 310.6bln (prev. 291.7bln Y/Y), Co. is to conduct a 2-for-1 share split on June 30th. (Newswires)

Oriental Land (4661 JT) - Co. FY23/24 (JPY) net 120.2bln (prev. 80.7bln Y/Y), rev. 618.5bln (prev. 483.1bln Y/Y). (Newswires)

Peptidream (4587 JT) - Co. will expand collaboration with Novartis (NOVN SW) in the peptide drug business. (Newswires)

Seiko Epson Corporation (6724 JT) - Co. Q4 (JPY) net 52.6bln (prev. 75.0bln Y/Y), rev. 1.31tln (prev. 1.33tln Y/Y). (Newswires)

TDK Corporation (6762 JT) - Co. FY23/24 (JPY) net 124.7bln (prev. 114.2bln Y/Y), rev. 2.1tln (prev. 2.2tln Y/Y). (Newswires)

Toyota Tsusho (8015 JT) - Co. FY23/24 (JPY) net 331.4bln (prev. 284.2bln Y/Y), rev. 10.2tln (prev. 9.9tln Y/Y). (Newswires)

Seven & I Holdings (3382 JT) - Co. confirms to buy back up to 2.83% of shares outstanding. (Newswires)

Sumitomo Chemical (4005 JT) - Co. flags an impairment for a portion of assets belonging to the Co. and its subsidiaries. (Newswires)

Sumitomo Corp (8053 JT) - Elliot Management is said to have built a large stake in Buffet-favoured Sumitomo. (Newswires)

Sumitomo Heavy Industries (6302 JT) - Co. FY23/24 (JPY) net 13.6bln (prev. 10.8bln Y/Y), rev. 254.8bln (prev. 248.2ln Y/Y). (Newswires)

Sumitomo Pharma (4506 JT) - Co. FY23/24 (JPY) net revised to a loss of 315bln from loss of 141bln. (Newswires)

FX

Japanese top currency diplomat Kanda offered no comments on whether there was FX intervention and said they will continue to take appropriate action against excessive FX moves but does not have a specific FX level in mind. Kanda said speculative, rapid and abnormal FX moves have a bad impact on the economy so are unacceptable and they are ready to respond 24 hours, 365 days, when asked whether Japan was ready to take action in FX and will disclose at the end of May if there was intervention. (Newswires)

Japanese authorities carried out intervention in the FX market, according to Bloomberg citing DJ. (Newswires)

SOUTH KOREA

Amorepacific (002790 KS) - Co. Q1 (KRW) oper. profit rose 1.7% Y/Y to 83bln. (Newswires)

Hyundai (005380 KS) - Co. invests in safety, education and reforestation in Savannah. (Newswires)

Industrial Bank of Korea (024110 KS) - Co. Q1 (KRW) net rose 8.5% Y/Y to 784.5bln. (Yonhap)

Samsung Electronics (005930 KS) - Co. Q1 (KRW) net 6.8tln (exp. 5.4tln), oper. profit 6.6tln (prelim. 6.6tln), rev. 71.9tln (prelim. 71.0tln). (Newswires)

30 Apr 2024 - 00:46- - Source: Newswires