PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Webjet proposed a demerger and listing of its two leading travel divisions

AUSTRALIA

AUB Group (AUB AT) - Co. sought a trading halt amid an announcement on proposed capital raising involving an institutional placement and it entered into an agreement to buy a 70% stake in Pacific Indemnity. (Newswires)

CBA (CBA AT) - Co. offers developers ‘Afterpay’ for unit buyers whereby developers will be able to secure pre-sales with buyers initially stumping up just AUD 10k in a new effort by Commonwealth Bank and Coposit to help get more projects built. (The Australian)

Charter Hall REIT (CQR AT) - Co. announced the sale of Rutherford Mall for AUD 49.75mln with the proceeds of the sale to be used to reduce debt within the RP Retail Partnership. (Newswires)

Cochlear (COH AT) - Co. acquires Demant cochlear implant business which will be integrated into the Co. over the next few months. (Newswires)

Eagers Automotive (APE AT) - Co. is on track to deliver more than AUD 11bln in total revenue for FY24, while it sees underlying trading performance for H1 that is 85% of underlying profit before tax for the previous corresponding period. (Newswires)

Macquarie Group (MQG AT) - Co. invests in Earth Resources Technology in which it provides capital to drive growth. (Newswires)

Plenti Group (PLT AT) - Co. FY (AUD) net attributable -14.7mln (prev. -13.6mln Y/Y), rev. rose 47% Y/Y to 211mln. (Newswires)

Seek (SEK AT) - Co. appoints Kendra Banks as CFO, while it announced Seek Asia and Seek Australia and New Zealand will be merged into a single Asia-Pacific division. (Newswires)

Webjet (WEB AT) - Co. FY (AUD) adj. net 128.4mln, rev. 471.5mln, proposed a separation via demerger which if pursued and completed, would create two standalone ASX-listed companies from its two leading travel divisions. (Newswires)

JAPAN

Konica Minolta (4902 JT) - Dignitana distribution kicks off with the sale of five devices to Konica Minolta in June. (Newswires)

Lawson (2651 TT) - Co. said it is to retire treasury shares worth 0.22% of outstanding stock on July 25th. (Newswires)

Panasonic (6752 JT) - Co. is looking to more than double domestic production of EV batteries to supply potential customers like Mazda (7261 JT) and Subaru (7270 JT). (Nikkei)

SBI Holdings (8473 JT) - Co. FY23/24 (JPY) net rose 146% Y/Y to 87.2bln, rev. rose 26.5% Y/Y to 1.21tln. (Newswires)

Energy - Japan’s JERA develops renewable energy detection system. (Nikkei)

Other News

Japanese top currency diplomat Kanda called for Japan to take action in stepping up structural reforms to make its economy more internationally competitive and tackle structural issues seen as weighing on the yen. (Nikkei)

Carlyle launched a new Japanese fund worth JPY 430bln which is its largest ever in Japan. (Nikkei)

SOUTH KOREA

GC Biopharma (006280 KS) - Co. and Novel Pharma’s Sanfilippo syndrome treatment received FDA IND clearance. (Newswires)

Data Recap

• South Korean PPI Growth MM (Apr) 0.3% (Prev. 0.2%)


• South Korean PPI Growth YY (Apr) 1.8% (Prev. 1.6%, Rev. 1.5%)


• South Korean BOK Manufacturing BSI (Jun) 72.0 (Prev. 71.0)

22 May 2024 - 00:33- ForexData- Source: Newswires