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26 stories mentioning ASX:GTKUpdated 2d ago

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Asia

ASX Midday Sector Update: Information Technology Stocks Gain, Materials Struggle

Information technology stocks advanced 1.2% in midday trading Tuesday as markets awaited an interest rate decision from the Australian central bank due later in the afternoon.WiseTech Global (ASX:WTC) gained more than 6%, but Gentrack Group's (ASX:GTK, NZE:GTK) Australian-listed shares tumbled past 32% after the company cut its fiscal year 2026 revenue guidance.Meanwhile, materials stock led decliners with a fall of 1.2%, as nearly all sectors were in the red after tensions around the Strait of Hormuz intensified following a suspected Iranian attack on a United Arab Emirates oil facility.Regis Resources (ASX:RRL) agreed to acquire Vault Minerals (ASX:VAU) in a merger of equals to create a major gold producer with a pro forma market capitalization of about AU$10.7 billion. Regis shares fell nearly 5% and Vault gained over 4%.

ASX 200ASX:GTKASX:RRLASX:VAUASX:WTC
Asia

NZX Midday Sector Update: Electronic Technology Advances, Technology Services Decline

Electronic technology shares gained the most on New Zealand's Exchange, rising nearly 3% by midday Tuesday.Shares of ikeGPS Group (NZE:IKE, ASX:IKE) rose almost 7% in recent trade.On the flip side, the technology services sector struggled, shedding more than 14%.Shares of Gentrack Group (NZE:GTK, ASX:GTK) fell past 30% in recent trade.The company on Tuesday said it now expects fiscal year 2026 revenue of between NZ$229 million and NZ$238 million, lower than its previous guidance.

^NZ50ASX:GTKASX:IKENZE:GTKNZE:IKE
Asia

Gentrack Group Cuts Fiscal 2026 Revenue Guidance; Plans Buyback; Kiwi Shares Fall 22%

Gentrack Group (NZE:GTK, ASX:GTK) said it now expects fiscal year 2026 revenue of between NZ$229 million and NZ$238 million, lower than its previous guidance, according to a Tuesday filing with the Australian and New Zealand bourses.The company expects fiscal year 2026 recurring revenue to grow by over 10% to around NZ$174 million. It also expects fiscal first-half revenue of around NZ$110 million, of which roughly NZ$85 million would be recurring, per the filing.Gentrack said it expects fiscal year 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) of NZ$13.5 million to NZ$20 million, and fiscal first half EBITDA of about NZ$7.8 million, both excluding acquisition costs.The guidance comes as the company has decided "to prioritize growth and global leadership over short-term EBITDA" and continues to invest in international expansion and product development, it said.The company maintained its medium-term target of a more than 15% compound annual growth rate for revenue.Additionally, after the release of fiscal first-half results, Gentrack's board plans to launch an on-market share buyback for up to 5% of the company's issued shares, per the filing.The company's Kiwi shares fell 22% in recent Tuesday trade on the New Zealand bourse.

ASX:GTKNZE:GTK
Asia

Gentrack Group to Acquire Dubai Technology Partners in $10 Million Deal

Gentrack Group (ASX:GTK, NZE:GTK) signed an agreement to acquire Dubai-based airport technology and services provider Dubai Technology Partners for an enterprise value of $10 million, according to a Thursday filing with the Australian and New Zealand bourses.Dubai Technology Partners will be incorporated into the company's Veovo airports division, boosting its artificial intelligence-powered portfolio while also broadening its global footprint and strengthening its presence in the Middle East, per the filing.The deal, which will be funded through the company's existing cash reserves, is expected to add about NZ$3.5 million in fiscal 2026 revenue over four months post-completion, the filing said. It will also be marginally accretive to earnings before interest, taxes, depreciation, and amortization before integration costs, the filing added.The transaction is expected to be completed within a month, subject to standard conditions.The company's Australian shares were up 2% in recent Thursday trade, while its Kiwi shares added about 1%.

ASX:GTKNZE:GTK
Asia

NZX Midday Sector Update: Consumer Durables Sector Soars, Technology Services Sector Struggles

The consumer durables shares gained the most on New Zealand's Exchange, rising almost 2% on Friday.Shares of KMD Brands (NZE:KMD, ASX:KMD) rose nearly 2% in recent trade.On the flip side, the technology services sector struggled, shedding past 3%.Shares of Gentrack Group (NZE:GTK, ASX:GTK) fell nearly 7% in recent trade.

^NZ50ASX:GTKASX:KMDNZE:GTKNZE:KMD
Japan

NZX Midday Sector Update: Commercial Services Advance, Technology Services Decline

Commercial services shares gained the most on the New Zealand Exchange, rising 1% by midday Friday.PGG Wrightson (NZE:PGW) gained more than 1% in recent trade.Meanwhile, technology services shares fell past 2%.Westpac Banking (NZE:WBC, ASX:WBC) was down almost 4% in recent trade.

^NZ50ASX:GTKNZE:GTKNZE:PGW

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