PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Samsung Electronics (005930 KS) South India plant union leader said the strike at the plant will continue for a third day on Wednesday as no settlement was reached

AUSTRALIA

ASX (ASX AT) - Co. announced David Clarke as Chair-Elect as Chairman Damien Roach retires. (Newswires)

Brookside Energy (BRK AT) - Co. is to pursue a US listing via American Depositary Shares and intends to complete a 1-for-50 capital consolidation. (Newswires)

Mineral Resources (MIN AT) - Co. announced FIRB approval was received for AUD 1.3bln minority stake sale in Onslow Iron Haul Road. (Newswires)

Namoi Cotton (NAM AT) - ACCC delayed the proposed date for the announcement of its findings regarding the Olam Agri Australia offer to at least October 31st, while Namoi’s LDC supplementary target’s statement recommends accepting the LDC takeover offer. (Newswires)

NEXTDC (NXT AT) - Co. announced the completion of a AUD 550mln placement. (Newswires)

REA Group (REA AT) - Co. made a non-binding indicative proposal to the directors of Rightmove regarding a possible cash and share offer valued at GBP 272mln but was informed on September 10th that Rightmove's board rejected the proposal, while the Co. intends to apply for a secondary listing of all of its ordinary shares in London. (Newswires)

Rox Resources (RXL AT) - Co. CEO and MD Rob Ryan will step down, while Philip Wilding was appointed as CEO. (Newswires)

Telix Pharmaceuticals (TLX AT) - Co.’s Phase 3 zircon trial for kidney cancer imaging was published in The Lancet Oncology and was said to be highly accurate with the primary and secondary endpoints met by all 3 radiology readers and exceeded pre-specified thresholds. Furthermore, Co. said there were no safety concerns revealed for TLX250-CDX administration and it awaits FDA approval. (Newswires)

JAPAN

Nippon Steel (5401 JT) - Co. Vice Chair flew to Washington in an attempt to save the US Steel (X) deal and will meet senior US officials on Wednesday. (Newswires)

Seven & I (3382 JT) - US FTC said it intends to probe potential Couche-Tard (ATD TO) deal. (Newswires)

Sony (6758 JT) - Co. unveiled PS5 Pro console for USD 700. (Newswires)

Terumo Corp (4543 JT) - Co. is to buy back up to 1.01% of its own shares for JPY 30bln. (Newswires)

Other News - BoJ reportedly sees little need to hike interest rates next week although officials are not ruling out another hike later this year or in early 2025 contingent on the economy and market, according to Bloomberg sources. (Newswires)

SOUTH KOREA

HMM Co (011200 KS) - Co. is to invest KRW 23.5tln by 2030. (Yonhap)

Samsung Electronics (005930 KS) - South India plant union leader said the strike at the plant will continue for a third day on Wednesday as no settlement was reached. (Newswires)

Other News - BoK minutes stated that one board member said expectations and conditions for easing have been gradually ripening, while a member said rate cuts should not act as a catalyst to accelerate the increase in real estate prices. Furthermore, a member said it is necessary to manage market expectations appropriately through communication to prevent risks to financial stability from escalating and a member said it is desirable to determine rate cuts while examining the effects of real estate measures. (Newswires)

11 Sep 2024 - 00:43- EquitiesResearch Sheet- Source: Newswires