PRE-MARKET AUSTRALIAN & JAPANESE STOCK NEWS: Coronado (CRN AT) agreed to sell its idled Logan Mine to Mitch Potter, TEPCO (9501 JT) received JPY 7.2bln in grants from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation

AUSTRALIA

Arafura Rare Earths (ARU AT) - Co. received commitments under a placement to raise AUD 350mln, with the bookbuild receiving strong demand from high-quality investors. (Dow Jones Newsplus)

Atlas Arteria (ALX AT) - Co. said the Chicago Skyway right of first offer expired and it will consider value-realisation opportunities for all or part of its interest. (Dow Jones Newsplus)

Beach Energy (BPT AT) - Co. sold a 60% operated interest in the VIC/L35 block in the Otway Basin to Amplitude Energy, including the Artisan natural-gas discovery, for AUD 70mln cash proceeds and a production royalty expected to total around AUD 140mln. (Dow Jones Newsplus)

Charter Hall (CHC AT) - Co. raised FY26 operating earnings/security guidance by 3% to AUD 1.03/security and said gross equity inflows total AUD 6.5bln in FY26 so far. (Dow Jones Newsplus)

Coronado Global Resources (CRN AT) - Co. agreed to sell its idled Logan Mine to coal entrepreneur Mitch Potter for nominal cash consideration and assumption of certain liabilities, with the sale expected to be free cash flow positive and completed in July. (Dow Jones Newsplus)

Fortescue (FMG AT) - Co. said Elizabeth Gaines resigned as executive director effective June 30 and Sigrid Kaag will be appointed nonexecutive director. (Dow Jones Newsplus)

National Australia Bank (NAB AT) - Co. plans to hire up to 1,000 more staff in India and Vietnam. (AFR)

Woodside Energy (WDS AT) – The Browse joint venture operator is likely to shut Japanese energy giant Inpex out before it can gain a foothold in Australia’s largest undeveloped offshore gas resource. (The Australian)

Broker Ratings/Price Target

• Alcoa (AAI AT) Upgraded to Buy from Neutral, price target raised 4.8% to AUD 110.00/shr by UBS. 
• Boss Energy (BOE AT) Raised to Neutral from Underperform by Macquarie. 
• Guzman y Gomez (GYG AT) Price target cut 4.9% to AUD 25.20/shr by Macquarie, price target raised 9.1% to AUD 24.00/shr by UBS. 
• Lotus Resources (LOT AT) Target price cut 32% to AUD 1.30/shr by Macquarie. 
• Mineral Resources (MIN AT) Price target raised 14% to AUD 83.00/shr by UBS. 
• Paladin Energy (PDN AT) Raised to Outperform from Neutral by Macquarie.

JAPAN

Asahi Group (2502 JT) - Co. expects to pay an interim dividend of JPY 26/shr for 2026, unchanged from last year. (Newswires)

Daiichi Sankyo (4568 JT) - Co. and AstraZeneca announced US approval of Datroway as the first TROP2-directed antibody drug conjugate for first-line treatment of metastatic triple-negative breast cancer. (Newswires)

Nissan Motor (7201 JT) - Co. withdrew a plan to manufacture powertrains for electric vehicles in Britain as it reviews production and factory numbers. (Newswires)

Sony Group (6758 JT) - Co.’s Bungie is reportedly planning layoffs tied to the end of development for Destiny 2. (Newswires)

Tokyo Electric Power Co. (9501 JT) - Co. received JPY 7.2bln in grants from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation following approved modifications to its Special Business Plan. (Newswires)

Toyota Motor (7203 JT) - Co. is recalling 43,566 US vehicles as a loss of drive power increases the risk of a crash, according to NHTSA. (Newswires)

Other News

US DEA official said on Friday that Japan is part of a fentanyl-smuggling route into the US. (Nikkei)