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Asia

Australian Shares Retreat; Ampol Reports Higher H1 Profit, Says Queensland Refinery to Undergo Major Maintenance in August

Australian shares closed lower on Thursday, as investors reacted to fresh escalations in the conflict in the Middle East as well as the US Federal Reserve's monetary policy decision.The S&P/ASX 200 Index fell 0.78%, or by 70.90 points, to close at 8,967.70 after setting a new 100-day high.Brent crude oil futures fell to trade around $91 per barrel even as the US conducted fresh strikes against targets in Iran.The US Federal Reserve, under new Chair Kevin Warsh, kept monetary policy unchanged. Overnight on Wall Street, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 1.5%, 1.7%, and 2.2%, respectively.On the domestic front, Australia's export prices rose 1.1% in the June quarter following a 0.5% increase in the March quarter, while growth in import prices accelerated to 5.7% from 0.1%, data from the Australian Bureau of Statistics showed.The number of total dwellings approved in Australia in seasonally adjusted terms recorded an increase of 7.2% month on month to 18,328 in June and 8.9% year on year, according to figures from the Australian Bureau of Statistics.In company news, Ampol (ASX:ALD) said its first-half unaudited group replacement cost operating profit (RCOP) earnings before interest, taxes, depreciation, and amortization (EBITDA) clocked in around AU$1.6 billion, jumping from the AU$649 million reported in the prior-year period. It added that the Lytton refinery in Queensland will undergo major maintenance starting in August. Ampol's shares earlier hit an all-time high.Domino's Pizza Enterprises (ASX:DMP) reaffirmed its fiscal 2026 underlying profit after tax guidance of AU$118 million to AU$122 million despite expecting a statutory loss after booking around AU$300 million in mostly non-cash balance sheet write-downs.Lastly, National Australia Bank (ASX:NAB) said the business lending balances of its business and private banking (B&PB) division jumped 10% year over year to AU$180 billion in the June quarter from AU$165 billion.

ASX 200ASX:ALDASX:DMPASX:NAB
Asia

Update: Domino's Reaffirms Fiscal 2026 Profit Guidance Despite AU$300 Million in Write-Downs; Shares Up 10%

(Updates to add stock movement in the headline and last paragraph)Domino's Pizza Enterprises (ASX:DMP) reaffirmed its fiscal 2026 underlying profit after tax guidance of AU$118 million to AU$122 million despite expecting a statutory loss after booking around AU$300 million in mostly non-cash balance sheet write-downs, according to an Australian bourse filing on Wednesday after market hours.The company recorded around AU$259 million in balance sheet write-downs, including impairments in France and Taiwan, IT asset write-offs, store-related charges associated with the planned closure of up to 60 underperforming stores, and other provisions.The company said it achieved AU$60 million to AU$70 million in annualized cost savings during fiscal 2026 through workforce reductions, lower information technology expenses, and supplier savings while also refinancing AU$1.05 billion of its debt facilities, per the filing.Same-store sales declined 4.1% across Australia and New Zealand, Europe, and Asia as the company prioritized higher-margin sales, boosting franchisee profitability and supporting a broader fiscal 2027 rollout of its Western Australia model, the filing said.The company said the largely non-cash charges would not impact its cash generation, debt covenant compliance, or core operations, the filing added.The company's shares rose around 10% in recent Thursday trade.

ASX:DMP
Asia

ASX Preview: Australian Shares to Fall Amid Oil Surge, Fed Policy Uncertainty; Champion Iron Swings to Fiscal Q1 Loss, Revenue Down

Australian shares are poised to fall on Thursday as a surge in oil prices fuels inflation concerns and heightens worries over Middle East supply disruptions.Investors are also weighing uncertainty around US monetary policy after Federal Reserve Chair Kevin Warsh kept rates unchanged while signaling further tightening could be considered if inflation remains persistent.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 1.5%, 1.7%, and 2.2%, respectively.In the macroeconomy, Australia's building approvals and international trade price indexes data are due at 11:30 am Sydney time.In corporate news, Champion Iron (ASX:CIA) reported Thursday fiscal first quarter loss of CA$0.07 per share on revenue of CA$356.9 million, compared with profit of of CA$0.05 on revenue of CA$390 million a year earlier.Domino's Pizza Enterprises (ASX:DMP) reaffirmed its fiscal 2026 underlying profit after tax guidance of AU$118 million to AU$122 million despite expecting a statutory loss after booking around AU$300 million in mostly non-cash balance sheet write-downs.Australia's benchmark index rose 1%, or 90.8 points, to close at 9,038.60 on Wednesday.

ASX 200ASX:CIAASX:DMP
Asia

Domino's Reaffirms Fiscal 2026 Profit Guidance Despite AU$300 Million in Write-Downs

Domino's Pizza Enterprises (ASX:DMP) reaffirmed its fiscal 2026 underlying profit after tax guidance of AU$118 million to AU$122 million despite expecting a statutory loss after booking around AU$300 million in mostly non-cash balance sheet write-downs, according to an Australian bourse filing on Wednesday after market hours.The company recorded around AU$259 million in balance sheet write-downs, including impairments in France and Taiwan, IT asset write-offs, store-related charges associated with the planned closure of up to 60 underperforming stores, and other provisions.The company said it achieved AU$60 million to AU$70 million in annualized cost savings during fiscal 2026 through workforce reductions, lower information technology expenses, and supplier savings while also refinancing AU$1.05 billion of its debt facilities, per the filing.Same-store sales declined 4.1% across Australia and New Zealand, Europe, and Asia as the company prioritized higher-margin sales, boosting franchisee profitability and supporting a broader fiscal 2027 rollout of its Western Australia model, the filing said.The company said the largely non-cash charges would not impact its cash generation, debt covenant compliance, or core operations, the filing added.

ASX:DMP
Asia

Consumer Demand Under Pressure, Fiscal 2027 Poised for Risk, Jefferies Says

Consumer demand has been under pressure due to lower confidence, higher interest rates and a soft property market but retailers are set to report fiscal 2026 results broadly in line with consensus, Jefferies said in a note on Monday.The investment firm said, however, rising competition and elevated wage inflation are expected to weigh on retailers' earnings in fiscal 2027.The outlook for the supermarket sector in fiscal 2027 remains sturdy, as food inflation is expected to help offset rising wage costs. Coles Group (ASX:COL), was picked as the preferred stock, with a buy rating and a raised price target of AU$26.50 from AU$25.50.Wesfarmers (ASX:WES) was downgraded to underperform, with price target of $73. Despite the retailer's strong businesses and productivity initiatives, Jefferies said the valuation appears expensive following recent share price gains in light of moderate earnings growth.Flight Centre Travel (ASX:FLT) had been performing well before the outbreak of war in the Middle East. Its outlook remains robust, supported by recovering travel demand and a stronger leisure business mix after COVID-19, while rivals continue to face challenges. The brokerage provided a buy rating and price target of AU$14.50.Domino's Pizza Enterprises (ASX:DMP) is progressing well with improving debt levels and cost reductions beginning to deliver results. Same-store sales growth, which has been weak due to unprofitable promotions, should gain pace as pricing measures take effect. Jefferies maintained its buy rating but lowered its price target to AU$26.00 from AU$28.50.

ASX:COLASX:DMPASX:FLTASX:WESASX:WOW
Asia

Update: Domino's Pizza Enterprises Misled Franchisees by Instructing Them to Underpay Workers, Australia's Federal Court Rules

(Updates with a statement from Domino's in the fifth paragraph and stock movement in the last paragraph.)Domino's Pizza Enterprises (ASX:DMP) misled franchisees by asking them to underpay thousands of delivery drivers and in-store staff under obsolete employment agreements that did not include key entitlements, Australia's Federal Court ruled on Wednesday.The class action filed in 2019 by Riley Gall, a former Domino's delivery driver, covers workers employed by Domino's Australian franchisees between 2013 and 2018.The company's conduct was "objectively wrong" when it instructed franchisees to pay workers under outdated agreements as opposed to the applicable Fast Food Industry Award, which carries better terms and conditions, the court said.It added that the determination of claims for loss and damage by group members will require a further hearing.In a Thursday statement, Domino's Pizza Enterprises said the court assessed Gall's loss at AU$11,869 plus interest, but "potential wider exposure to other alleged group members remains highly uncertain and unquantifiable." The company added that it is reviewing the judgement to assess its options, including a potential appeal.Its shares fell past 2% in recent Thursday trade.

ASX:DMP
Asia

Domino's Pizza Enterprises Misled Franchisees by Instructing Them to Underpay Workers, Australia's Federal Court Rules

Domino's Pizza Enterprises (ASX:DMP) misled franchisees by asking them to underpay thousands of delivery drivers and in-store staff under obsolete employment agreements that did not include key entitlements, Australia's Federal Court ruled on Wednesday.The class action filed in 2019 by Riley Gall, a former Domino's delivery driver, covers workers employed by Domino's Australian franchisees between 2013 and 2018.The company's conduct was "objectively wrong" when it instructed franchisees to pay workers under outdated agreements as opposed to the applicable Fast Food Industry Award, which carries better terms and conditions, the court said.It added that the determination of claims for loss and damage by group members will require a further hearing.Domino's Pizza Enterprises did not immediately respond to a request for comment from.

ASX:DMP
Asia

Domino's Pizza Enterprises Shareholder JPMorgan Chase Reduces Stake; Shares Rise 3%

Domino's Pizza Enterprises (ASX:DMP) shareholder JPMorgan Chase reduced its stake in the company to 5.4% from 6.4% on July 14, according to a Friday filing with the Australian bourse.JPMorgan now holds about 5.1 million Domino's Pizza shares, down from roughly 6.1 million previously.Domino's Pizza Enterprises shares gained 3% in recent Friday activity.

ASX:DMP
Asia

JB Hi-Fi, Eagers Automotive, Lovisa, Domino's Trade Lower After Australia Hikes Minimum Wage

JB Hi-Fi (ASX:JBH), Eagers Automotive (ASX:APE), Lovisa Holdings (ASX:LOV), and Domino's Pizza Enterprises (ASX:DMP) were all trading lower on Tuesday afternoon after the Australian Fair Work Commission's (FWC) annual wage review raised pay for workers on minimum wage.The review gives minimum award workers a 4.75% increase to pay starting from July, with the FWC saying that Australia's monetary policy tightening will "undoubtedly slow down the economy in the year ahead."JB Hi-Fi shares fell past 4%, Eagers Automotive and Lovisa both shed nearly 4%, and Domino's Pizza declined almost 6%.

ASX:APEASX:DMPASX:JBHASX:LOV
Asia

Lotus Resources Most Shorted Stock on Australian Bourse, ASIC Data Shows

Lotus Resources (ASX:LOT) was the most shorted stock on the Australian bourse as of May 7, with 16.02% of its total share registry reported as short positions, according to data from the Australian Securities and Investments Commission (ASIC).Domino's Pizza Enterprises (ASX:DMP) was the second most shorted stock, with 15.59% of its share registry reported as short positions. Telix Pharmaceuticals (ASX:TLX) was at the third top spot, with 15.31% of its share registry reported as short positions.The regulator cautioned that its aggregated short position reports are reliant on the accuracy of reports received from individual short sellers.

ASX:DMPASX:LOTASX:TLX
Asia

Domino's Pizza Enterprises Shares Fall 10% After Q1 Results Miss Estimates

Domino's Pizza Enterprises (ASX:DMP) shares fell 10% in recent Tuesday trade after its first quarter earnings per share fell to $4.13 per share from $4.33 a year earlier.Analysts polled by FactSet expected EPS of $4.28.Revenue rose 3.5% to $1.15 billion, while analysts expected $1.16 billion."We now expect our international same-store sales growth to be low single-digits, primarily as a result of the macro and geopolitical uncertainty across the world," said Chief Financial Officer Sandeep Reddy during an earnings call, according to a FactSet transcript.

ASX:DMP
Asia

Telix Pharmaceuticals Becomes Most Shorted ASX Stock as of April 15, ASIC Data Shows

Telix Pharmaceuticals (ASX:TLX) was the most shorted stock on the Australian Securities Exchange as of April 15 with 16.51% short positions, taking the place of Domino's Pizza Enterprises (ASX:DMP), according to data from the Australian Securities & Investments Commission.Domino's Pizza is now the second most shorted stock with 15.44% short positions, data showed.Telix Pharmaceuticals' shares fell 2% in recent Tuesday trade.

ASX:DMPASX:TLX
Asia

Domino's Pizza Enterprises Says JPMorgan Chase Reduces Stake

Domino's Pizza Enterprises (ASX:DMP) received notice that JPMorgan Chase and its affiliates decreased their holdings in the company to 8.60% from 9.74%, according to a Tuesday filing with the Australian bourse.JPMorgan Chase and its affiliates now own 8.1 million shares in the company, the filing said.

ASX:DMP

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