HD Hyundai Heavy Industries (KRX:329180) won an order for eight very large gas carriers (VLGCs) from an Asia-based shipping company, according to a Monday filing with the Korean Exchange.
The deal is valued at 1.416 trillion won. The shipbuilder will deliver the vessels by June 30, 2030.
Shares of HD Hyundai Heavy Industries rose 2% in recent trade.
Nine Entertainment (ASX:NEC) is relaunching its online gateway, shifting away from a fragmented platform toward a "cleaner" presentation focused on the six areas of news, sport, lifestyle, travel, entertainment, and shopping, according to a Monday statement.The re-launch includes a new app that rolls 9News into a nine.com.au-branded app, and will also feature a range of premium content, including video podcasts.As part of the initiative, 9Honey will be folded into the lifestyle domain, while wwos.com.au will fall under sport but still contain Wide World of Sport and Stan Sport branding. All of the 9Network's current television programming will continue to have its own sites under a TV pillar."The move to a single domain will allow Nine to quickly launch focused micro-newsletters for major events, such as federal elections, budgets, and cultural moments, and innovate with products that allow for deeper brand integration," the company said.
DroneShield's (ASX:DRO) removal of the sales pipeline disclosure represents the loss of a key leading indicator, which is a net negative for forecasting confidence, Jefferies said in a note on Monday.The company's pipeline momentum fell dramatically, with only around AU$6 million of incremental committed orders since April 20 weighing on expectations. Reduced disclosure further reduces forecasting confidence, prompting an around 10% downgrade for the revenue estimates and cuts of 3% to 5% for earnings-per-shares estimates from fiscal 2026 to fiscal 2028.The company's committed revenue pipeline rose to AU$161 million as of May 26, only slightly higher than AU$155 million as of April 20.Jefferies downgraded DroneShield to underperform from hold and cut the price target to AU$2.80 from AU$3.40.DroneShield's shares tumbled 11% in recent Monday trade.
Zhejiang China Commodities City Group (SHA:600415) submitted its application for a secondary listing on the Hong Kong Exchange, according to a Monday bourse filing in Shanghai.The commodity trading services platform will use the proceeds from its listing for business expansion, construction of its global trade services center, funding of overseas financial and payment licenses, research and development of its Chinagoods trade system architecture, and working capital.