--
Related Articles
Asia
Macquarie Group Posts Higher Fiscal 2026 Earnings, Revenue
Macquarie Group (ASX:MQG) reported Friday fiscal 2026 earnings of AU$12.669 per share, up from AU$9.755 a year earlier.Analysts polled by FactSet expected earnings of AU$11.6.Revenue from ordinary activities for the 12 months ended March 31 was AU$19.48 billion, compared with AU$17.21 billion a year earlier. Analysts surveyed by FactSet expected AU$19.31 billion.The board declared a final dividend of AU$4.20 per share, up from AU$3.90 a year earlier, payable July 2 to shareholders on record as of May 19.
$ASX:MQG
Research
Research Alert: CFRA Reiterates Buy Opinion On Shares Of Sempra
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target by $14 to $107, based on 20.5x our next-12-month EPS estimate of $5.20, a premium to its five-year average of 17.3x and roughly in line with peers. We lower our 2026 EPS view by $0.18 to $5.11 and 2027 EPS by $0.12 to $5.53. SRE achieved major regulatory wins in Texas in Q1 2026, including approval of Oncor's base rate case with improved returns (9.75% ROE, 43.5% equity layer) and implementation of the UTM mechanism to reduce regulatory lag. Additionally, SRE submitted a 127 GW qualifying load forecast to ERCOT (4x Oncor's current 31 GW peak load), which we think highlights the growth potential from Texas data center demand. We note somewhat weaker investor sentiment for California utilities given the state's wildfire history and some indications of a tightening regulatory environment in the state. However, Texas is expected to represent nearly 60% of rate base by decade-end, with regulated utilities comprising roughly 95% of the earnings mix by 2027.
$SRE
Asia
NRW's AU$200 Million Tonkin Highway Project Builds on Strong Momentum, Says Euroz Hartleys
NRW Holdings (ASX:NWH) has been awarded a AU$200 million contract for the Tonkin Highway Grade Separations project, underpinning robust momentum across its civil infrastructure division, Euroz Hartleys said in a note on Thursday.The contract win strengthens NRW's positioning in major Western Australian road and infrastructure projects supported by broader government-led spending, as the Tonkin Highway corridor remains a key transport route for Perth.The investment firm said opportunities across NRW's civil construction, mining, engineering, and electrical and mechanical services businesses remain "buoyant," with the company actively bidding for around AU$9.2 billion worth of projects from a broader pipeline of roughly AU$25.2 billion.The firm added that it expects further conversion from NRW's AU$2.5 billion civil tender pipeline and also sees significant opportunities in data centers-related projects over the next decade.Euroz Hartleys maintained its buy rating, while its price target of AU$7.20 remains under review.
$ASX:NWH