FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: ASX's Equity Post-Trade Pricing Model Changes May Increase Revenue, UBS Says

By

-- Changes to ASX's (ASX:ASX) equity post-trade pricing model might raise revenues even if turnover moderates, according to UBS analyst Kieren Chidgey, the Australian Financial Review reported Thursday.

Chidgey increased earnings forecasts by around 6% across fiscal year 2027 and fiscal year 2028. He expects futures revenue to exceed market forecasts by 10% to 11% over these years.

UBS upgraded its recommendation to buy and raised the price target to AU$65.20 per share.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Related Articles

Asia

Yangtze Optical Fibre's Profit Soars 226% in Q1

Yangtze Optical Fibre and Cable's (SHA:601869, HKG:6869) recorded a 226% rise in attributable profit in the first quarter of 2026 to 495.1 million yuan from 151.7 million yuan a year prior, according to a Wednesday Hong Kong bourse filing.Hong Kong-listed shares of the Chinese cable manufacturer were down over 12% in Thursday afternoon trading while China-listed shares were down 4%.Earnings per share rose to 0.60 yuan from 0.20 yuan in the corresponding period of the previous fiscal year.Operating income surged 28% to 3.7 billion yuan from 2.89 billion yuan in the year-ago period.

$HKG:6869$SHA:601869
Asia

Australian Shares Extend Losing Streak; Woolworths Group Reports Higher Fiscal Q3 Sales

Australian shares extended their losing streak for the eighth consecutive day on Thursday's close as the US continued its naval blockade of Iranian ports.The S&P/ASX 200 Index retreated 0.24%, or by 21.20 points, to close at 8,665.80.Brent crude oil futures jumped 5.2% to $124.15 per barrel. The Strait of Hormuz remained closed, as US President Donald Trump is reported to be considering military options as the deadlock in negotiations with Iran continues, according to an Axios report as cited by Reuters.On the domestic front, Australia's export prices rose 0.5% in the March quarter after a 3.2% increase in the December 2025 quarter, while import prices rose 0.1% after a 0.9% increase in the previous quarter, data from the Australian Bureau of Statistics showed.Australia's total credit rose 0.7% month on month in March, following a 0.6% increase in February, data from the Reserve Bank of Australia showed.Small businesses in Australia had a firm start to the year, with the March quarter recording a 7.2% jump in sales, though higher fuel prices amid the Middle East conflict present a key risk, Xero said. Sales, jobs, and wages all grew during the quarter, nearly reaching their historical average growth rates.In company news, Woolworths Group (ASX:WOW) reported fiscal third-quarter sales of about AU$18.1 billion, up 4.5% from AU$17.31 billion in the year-ago period. Reported fiscal 2026 Australian food earnings before interest and taxes growth is still expected to be in the mid to high single-digit range, but no longer at the upper end of the range. Its shares fell 7% at market close.Mineral Resources' (ASX:MIN) fiscal third-quarter production volume reached 80 million wet metric tonnes (wmt), up from 62 million wmt a year earlier. Total iron ore production for the three months ended March 31 across Onslow Iron and the Pilbara Hub was 10.3 million wmt, with shipments totaling 9.3 million wmt. Its shares closed up 2%.Lastly, ASX (ASX:ASX) appointed Darren Yip, group executive of markets and listings, as interim chief executive, succeeding Helen Lofthouse, effective May 29. Its shares also closed up 2%.

$^AXJO$ASX:ASX$ASX:MIN$ASX:WOW
International

Singapore's Export, Import Prices Rise in March

Singapore's Export Price Index rose 8.4% year on year in March, reversing a 4.2% decline in the preceding month, the city-state's Department of Statistics reported Thursday.The Non-Oil Index gained 0.2%, while the Oil Index surged 44.5% on year during the month.Meanwhile, the Import Price Index rose 11.1% year on year in March, after a 1.3% decline in the preceding month.The Non-Oil Index rose 2.3% and the Oil Index surged 41.5% on year, the data showed.On a month-on-month basis, the Export Price Index rose 11.7%, while the Import Price Index rose 11.2%, the data showed.

$^STI