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13 stories mentioning ASX:CHIUpdated 15d ago

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Asia

New Zealand Shares Flat; Air New Zealand Loses Top Spot as Most Widely Held Stock on Sharesies

New Zealand shares ended flat on Tuesday as most Asian markets saw gains after the latest US inflation data lowered expectations of a Federal Reserve rate hike.The S&P/NZX 50 Index was little changed to close at 13,635.07.The US consumer price index declined 0.4% in June, its first monthly drop since May 2020 and the largest decline since April 2020, the Bureau of Labor Statistics said Tuesday. The consensus in a Bloomberg-compiled survey was for the index to move down by 0.1%.In domestic news, New Zealand's electronic card spending fell 1.2% month over month to NZ$9.71 billion in June on a seasonally-adjusted basis, compared with the 1.9% increase recorded in the previous month, according to data from Stats NZ.Also, a total of 3,083 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) Pulse auction held Tuesday, with supply ranging from 2,700 MT to 3,150 MT, according to data from the trading platform.Meanwhile, New Zealand's national median house price rose 0.7% to NZ$770,000 in June compared with June 2025, while national sales count fell 2.9% to 5,996, according to a report by the Real Estate Institute of New ZealandFurther, the number of motor vehicles currently licensed in New Zealand in June reached 4.6 million, slightly higher than a year ago, according to a report released by Stats NZMoreover, a survey conducted early this month showed that 60% of New Zealanders are still concerned about the impact of the Middle East conflict on their finances despite lower fuel prices, Westpac NZ said.In corporate news, Air New Zealand (NZE:AIR, ASX:AIZ) lost the top company spot on the Sharesies bundle for the first time since the index launched in 2023.Channel Infrastructure (ASX:CHI, NZE:CHI) said its fuel throughput for the June quarter fell 2% from a year earlier to 802 million liters amid higher fuel prices due to the Middle East conflict.

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Asia

Channel Infrastructure Reports Fuel Throughput Decline for June Quarter

Channel Infrastructure (ASX:CHI, NZE:CHI) said its fuel throughput for the June quarter fell 2% from a year earlier to 802 million liters amid higher fuel prices due to the Middle East conflict, according to a Wednesday filing with the Australian and New Zealand bourses.The company said it completed an infrastructure upgrade at the Marsden Point-to-Auckland pipeline near the end of the June quarter, with petrol throughput temporarily slowed to accommodate the revamp.The quarter's jet throughput was slightly behind year-ago volumes, due to fewer flights by Middle Eastern carriers, but remains broadly in line with the Channel's expectations for the year to date, the company said.It added that net borrowings increased to NZ$346 million as of June 30 from NZ$338 million at the end of March, as spending on New Zealand government diesel storage accelerated.

ASX:CHINZE:CHI
Asia

New Zealand Shares Fall; Fonterra Co-operative Group Lowers Farmgate Milk Price Forecast for 2026 to 2027 Season

New Zealand shares ended lower on Monday as most Asian markets struggled after renewed US-Iran hostilities.The S&P/NZX 50 Index fell 0.45% or 62.47 points to close at 13,723.20.The Islamic Revolutionary Guard Corps issued a statement on Sunday declaring the Strait of Hormuz closed, although US CENTCOM said the strait is open to all vessels seeking to lawfully transit the international waterway, according to a Monday report from Reuters.In domestic news, New Zealand's services sector returned to growth in June as activity rebounded, but weak consumer demand and cost pressures continued to weigh on the recovery, according to a statement by BusinessNZ.Also, the pace of increases for supplier costs for food supermarkets in New Zealand was little changed in June, Infometrics said.Further, New Zealand's central bank raised interest rates by 25 basis points to 2.50% at its July meeting, partly to prevent further easing in financial conditions and support the Kiwi dollar, Rabobank said.In corporate news, Fonterra Co-operative Group (NZE:FCG) lowered its forecast farmgate milk price for the 2026 to 2027 season to NZ$9.25 per kilogram of milk solids (kgMS) from NZ$9.75 per kgMS, citing declining prices at recent Global Dairy Trade auctions.Channel Infrastructure (ASX:CHI, NZE:CHI) has sold its fully decommissioned Continuous Catalytic Reforming platformer unit to Integrated Scope Dubai Multi Commodities Centre for $6 million, marking further progress in the redevelopment of its Marsden Point Energy Precinct.

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Asia

Channel Infrastructure Advances Marsden Point Biorefinery Plans

Channel Infrastructure (ASX:CHI, NZE:CHI) has sold its fully decommissioned Continuous Catalytic Reforming platformer unit to Integrated Scope Dubai Multi Commodities Centre for $6 million, marking further progress in the redevelopment of its Marsden Point Energy Precinct, according to a Monday filing with the Australian and New Zealand bourses.The company said the sale will eliminate around NZ$3 million in expected demolition costs.The company has also provided an update on the progress of the Marsden Point Biorefinery project, which has expanded its scope to include fertilizer production alongside biodiesel and sustainable aviation fuel, the filing said.The project, backed by a new partnership with Ballance Agri-Nutrients, is expected to produce up to 400 million liters of low-carbon renewable fuels annually, attract over NZ$1 billion in private investment, and advance into the early contractor involvement phase ahead of a final investment decision, the filing added.

ASX:CHINZE:CHI
Japan

NZX Midday Sector Update: Energy Minerals Advance, Consumer Non-Durables Decline

Energy minerals shares gained the most on New Zealand's Exchange, rising nearly 1% by midday Wednesday.Shares of Channel Infrastructure (NZE:CHI, ASX:CHI) rose almost 1% in recent trade.The company's two refurbished tanks at Northland's Marsden Point, which will store New Zealand's strategic diesel supply, are officially in use, following an event attended by Prime Minister Christopher Luxon and senior government ministers to mark the completion and recommissioning of the tanks, according to a Tuesday government statement.Meanwhile, consumer non-durables sector shares fell past 2%.a2 Milk Company (NZE:ATM, ASX:A2M) was down 5% in recent trade.The company on Tuesday said China infant milk formula supply disruptions weighed heavily on fourth-quarter sales, with fiscal 2026 China label infant milk formula sales declining about 14% year on year amid demand surges, freight challenges, production delays, and regulatory changes.

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Asia

NZX Midday Sector Update: Health Technology Rises, Energy Minerals Sector Struggles

Health technology stocks advanced past 1% at midday Monday.Fisher & Paykel Healthcare (NZE:FPH, ASX:FPH) gained almost 2% in recent trade.On the flip side, the energy minerals sector struggled, shedding nearly 2%.Channel Infrastructure (ASX:CHI, NZE:CHI) shares fell past 1% in recent trade.

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Asia

New Zealand Shares Rise; Ryman Healthcare Launches NZ$100 Million Six-Year Retail Bond Offer

New Zealand shares ended higher on Tuesday amid a broad-based rally in Asian shares as investors showed optimism after Iran and Israel halted attacks.The S&P/NZX 50 Index rose 1.27%, or 165.84 points, to close at 13,204.08.Iran and Israel said they had stopped attacks on each other following an appeal from US President Donald Trump. However, Tehran warned it will resume hostilities if Israel continues striking Hezbollah in Lebanon, according to a Monday Reuters report.About eight flights were cancelled at Wellington Airport in New Zealand due to strong winds and massive waves hitting the capital city, multiple media outlets reported on Tuesday.In domestic news, total actual filled jobs in New Zealand inched down to 2.26 million in the March quarter from 2.27 million in the December 2025 quarter, according to data published by Stats NZ.Also, New Zealand spending on a per-person basis on Westpac-issued debit and credit cards fell 0.3% in May, adjusted for seasonal swings, with spending effectively tracking sideways since the start of the year, according to a Westpac report.Further, New Zealand national average home values in May reached NZ$912,190, 0.3% higher in the three months to the end of May and 0.2% less than the same period in the previous year, according to the QV House Price Index.Meanwhile, New Zealand business financial data industries reported sales of NZ$200 billion in the March quarter, up 5.3%, or NZ$10 billion, from the March 2025 quarter, according to figures released by Stats NZ.In corporate news, Ryman Healthcare (ASX:RYM, NZE:RYM) launched an offer for up to NZ$100 million of six-year fixed-rate secured unsubordinated bonds maturing on June 22, 2032, with the potential to accept up to NZ$50 million in oversubscriptions.Channel Infrastructure (ASX:CHI, NZE:CHI) completed a fast-tracked project at its Marsden Point Energy Precinct, making 93 million liters of diesel storage capacity available to the New Zealand Government.

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Asia

Channel Infrastructure Completes Diesel Storage Project for New Zealand Government

Channel Infrastructure (ASX:CHI, NZE:CHI) completed a fast-tracked project at its Marsden Point Energy Precinct, making 93 million liters of diesel storage capacity available to the New Zealand Government, according to a Monday filing with the New Zealand bourse.The project, completed over nine weeks with support from Northland contractors, involved installing more than 750 meters of new pipework and added enough storage capacity to meet about nine additional days of New Zealand's diesel demand, per the filing.The company said that additional jet fuel storage capacity for Z Energy is expected to become operational in July.The company will retain around 350 million liters of tank capacity for future fuel security initiatives after both projects are completed, it added.

ASX:CHINZE:CHI
Asia

NZX Midday Sector Update: Transportation Stocks Rise, Energy Minerals Struggle

Transportation stocks advanced more than 2% at midday Thursday.Shares of Air New Zealand (NZE:AIR, ASX:AIZ) rose 5% in recent trade.Meanwhile, the energy minerals sector fell almost 2%.Shares of Channel Infrastructure (NZE:CHI, ASX:CHI) drove the decline, falling nearly 1% in recent trade.

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Asia

NZX Midday Sector Update: Consumer Durables Sector Soars, Energy Minerals Struggle

The consumer durables shares gained the most on New Zealand's Exchange, rising past 3% on Friday.Shares of KMD Brands (NZE:KMD, ASX:KMD) rose over 3% in recent trade.The company on Friday said it appointed Non-Executive Director Philip Bowman as chair, effective Friday, succeeding David Kirk.Meanwhile, the energy minerals sector fell below 1%.Shares of Channel Infrastructure (NZE:CHI, ASX:CHI) drove the decline, falling past 1% in recent trade.

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Asia

New Zealand Shares End Slightly Higher Amid Rising Middle East Tensions; Channel Infrastructure Secures Deal to Expand Diesel Storage at Marsden Point

New Zealand shares ended marginally higher on Monday after tensions rose in the Middle East, as the end of the two-week US-Iran ceasefire draws near.The S&P/NZX 50 Index edged up 0.1% or 9.8 points to close at 12,915.45.Tensions rose in the Middle East as the US seized an Iranian cargo ship and Iran's top military command vowed to retaliate. US President Donald Trump said he was sending envoys for talks in Pakistan. However, Iran rejected new peace talks with the US, its state news agency reported.Trump said he would launch new strikes on Iran if it didn't agree to his terms.In domestic news, New Zealand recorded a goods trade surplus of NZ$698 million in March, compared with a deficit of NZ$364.7 million in February, Stats NZ data showed. Goods exports rose 7.3% to NZ$7.94 billion, while imports rose 9.6% to NZ$7.25 billion..New Zealand's first-quarter consumer price index is anticipated to rise by 0.8% quarter on quarter and 2.9% year on year, which is slightly below the Reserve Bank of New Zealand's revised April forecast of 3%, brokerage firm BofA Securities said.In corporate news, Channel Infrastructure (NZE:CHI, ASX:CHI) confirmed an agreement with the New Zealand Government to add 93 million liters of diesel storage at its Marsden Point Energy Precinct, equivalent to around nine more days of national diesel demand.Genesis Energy (NZE:GNE, ASX:GNE) reached a final investment decision on the second stage of its battery energy storage system program at Huntly Power Station on New Zealand's North Island, with an estimated project cost of about NZ$106 million.Lastly, Fletcher Building (NZE:FBU, ASX:FBU) said the planned sale of Fletcher Construction to Vinci Construction has cleared key regulatory approvals in New Zealand, including Overseas Investment Office consent and confirmation from the Commerce Commission that it will not further review the transaction.

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Asia

Channel Infrastructure Secures New Zealand Government Deal to Expand Diesel Storage at Marsden Point

Channel Infrastructure (NZE:CHI, ASX:CHI) confirmed an agreement with the New Zealand Government to add 93 million liters of diesel storage at its Marsden Point Energy Precinct, equivalent to around nine more days of national diesel demand, according to a Monday filing with the New Zealand and Australian bourses.The storage, expected to be available by May 31 under a contract running through Dec. 31, 2027, is projected to generate around NZ$1.2 million in monthly revenue once operational, per the filing.The work is already underway, including tank preparation, pipeline connections, and installation of pumping and instrumentation systems, the filing said.The company expects to complete the project within its current debt capacity and anticipates it could generate about NZ$8 million in additional revenue in 2026, while maintaining earnings before interest, taxes, depreciation and amortization guidance of NZ$95 million to NZ$100 million amid ongoing uncertainty in fuel demand, the filing added.The company's Kiwi shares gained 1% in recent Monday trade.

ASX:CHINZE:CHI
Asia

Channel Infrastructure Says Fuel Throughput Rises in Q1

Channel Infrastructure (NZE:CHI, ASX:CHI) said that its fuel throughput rose 2% to 931 million liters for the quarter ended March 31, compared with 915 million liters a year earlier, according to a Wednesday filing with the New Zealand bourse.The jet, diesel, and petrol throughput in the quarter were 404 million, 276 million, and 251 million liters, respectively, compared with 381 million, 261 million, and 273 million liters a year earlier.Thirteen import shipments were received during the quarter, unchanged from the number of ship movements in the prior corresponding period.Net borrowings increased to NZ$338 million as of March 31, with conversion spending staying within budget at NZ$192 million.

ASX:CHINZE:CHI

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