36 stories mentioning ASX:KMDUpdated 2d ago
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Consumer durables shares gained the most on New Zealand's Exchange, rising about 2% on Tuesday.Shares of KMD Brands (NZE:KMD, ASX:KMD) rose past 3% in recent trade.Meanwhile, shares of the electronic technology sector fell roughly 2%.ikeGPS Group (NZE:IKE, ASX:IKE) shares fell nearly 2% in recent trade.
KMD Brands (NZE:KMD, ASX:KMD) expects fiscal 2026 sales to be in the range of NZ$1.040 billion to NZ$1.044 billion, up roughly 5% at the midpoint from a year ago, according to a Wednesday filing with the Australian bourse.The company projects annual underlying earnings before interest, taxes, depreciation, and amortization of between NZ$38 million and NZ$41 million, an increase of over 123% at midpoint from the prior year.The outdoor retail company will also wind down operations at its Southeast Asian manufacturing facility over the next 12 months. The divestment is expected to generate net property proceeds of NZ$5 million to NZ$7 million.Sales at its Kathmandu brand have maintained steady improvement during the year, due to strong demand for rainwear, fleece and base layer product lines. Meanwhile, its Rip Curl business continues to be impacted by weaker consumer sentiment in Australia and grown promotional activity from competitors.The company's New Zealand shares were up 2% in recent Wednesday trade.
Non-energy mineral stocks advanced past 3% at midday Monday.Fletcher Building (NZE:FBU, ASX:FBU) shares rose nearly 3% in recent trade.The company on Thursday upgraded its fiscal year 2026 earnings before interest and taxes (EBIT) guidance by around 6.4% to NZ$400 million to NZ$403 million, supported by an estimated NZ$52 million contribution from surplus property sales.Meanwhile, the consumer durables sector fell almost 3%.KMD Brands (NZE:KMD, ASX:KMD) was down nearly 3% in recent trade.
New Zealand shares edged lower on Thursday, while most Asian markets were down following Wall Street's Wednesday sell-off.The S&P/NZX 50 Index fell 0.21% or 28.31 points to close at 13,582.19.On Wednesday, the S&P 500 fell 0.2%, and the Nasdaq Composite lost 0.7%, dragged down by a sell-off in semiconductor shares as the index for chipmakers, PHLX Semiconductor, fell past 6%.Meanwhile, the US and Iran wrapped up a round of indirect talks on Wednesday with little sign of progress toward a lasting peace, instead discussing issues they said had already been settled under an interim agreement announced two weeks earlier, according to a Wednesday Reuters report.In domestic news, New Zealand property values slid in June as Middle East-related tensions spilled over into economic uncertainty, weakening sentiment, Cotality said.Also, New Zealand's seasonally adjusted new dwellings consents fell 4% to 3,661 in May from 3,814 in the previous month, according to Stats NZ data.In corporate news, KMD Brands (ASX:KMD, NZE:KMD) said its 25-for-1 share consolidation, which took effect on Wednesday, has now been completed.
KMD Brands (ASX:KMD, NZE:KMD) said its 25-for-1 share consolidation, which took effect on Wednesday, has now been completed, according to a Thursday filing with the Australian and New Zealand bourses.The company now has a total issued capital of about 72 million shares following the consolidation, per the filing.The shares began trading on the New Zealand Exchange on a normal settlement basis following the consolidation, while on the Australian Securities Exchange they are initially trading under the deferred settlement code "KMDDA" on Thursday, with normal settlement trading under the code "KMD" expected to begin on Friday, the filing added.
New Zealand shares closed flat with a positive bias on Friday as Asian markets followed Thursday's Wall Street losses.The S&P/NZX 50 Index was little changed to close at 13,495.24.On Thursday, the Nasdaq Composite fell about 0.5% as tech giant Apple disclosed price hikes for its MacBook and iPad products."Apple's price increases were a reflection of how the big tech may at some point start to feel the pain of these higher component costs, and that can become a broader ecosystem headwind," said Charu Chanana, chief investment strategist at Saxo, as quoted by Reuters.In domestic news, the Reserve Bank of New Zealand (RBNZ) is expected to hold the official cash rate at 2.25% in the July monetary policy decision, with consecutive 25-basis-point cash rate increases forecast from September and the rate peaking at 3.25% by early 2027, ASB Bank said in a report.Also, New Zealand's house prices have maintained a flat trajectory in recent months, with downward pressure from cautious buyers and sellers pausing activity, ANZ said in a Property Focus report.In corporate news, KMD Brands (ASX:KMD, NZE:KMD) refinanced its debt through NZ$208 million in syndicated sustainability-linked, multi-currency revolving credit facilities.Vista Group International (ASX:VGL, NZE:VGL) entered into a new agreement with cinema operator Cineplexx to migrate its entire circuit to Operational Excellence, the company's full cloud-based platform.
Distribution services shares gained the most on New Zealand's Exchange, rising almost 2% by midday Friday.Shares of Vulcan Steel (NZE:VSL, ASX:VSL) rose nearly 2% in recent trade.Meanwhile, the consumer durables sector fell almost 3%.KMD Brands (NZE:KMD, ASX:KMD) was down almost 3% in recent trade.The company on Friday said it refinanced its debt through NZ$208 million in syndicated sustainability-linked, multi-currency revolving credit facilities.
KMD Brands (ASX:KMD, NZE:KMD) refinanced its debt through NZ$208 million in syndicated sustainability-linked, multi-currency revolving credit facilities, according to a Friday filing with the Australian and New Zealand bourses.The company's new facility, with a term of up to 2.5 years, includes NZ$43 million in tranches due on June 30, 2027, extending its funding through to Oct. 1, 2028, per the filing.The funds are expected to provide sufficient liquidity to meet working capital needs, the filing said.The refinancing supports the company's target leverage of below 0.5 times net debt-to-earnings before interest, taxes, depreciation, and amortization while linking loan pricing to updated environmental, social, and governance targets, the filing added.
KMD Brands (ASX:KMD, NZE:KMD) said it will consolidate its ordinary shares on a 1-for-25 basis, reducing the total number of shares on issue, according to a Wednesday filing with the Australian and New Zealand bourses.The company will consolidate every 25 existing shares held on July 1 into one share, reducing the total shares outstanding to around 72 million from about 1.8 billion, the filing added.
Consumer durables shares gained the most on New Zealand's Exchange, rising nearly 3% on Tuesday.Shares of KMD Brands (NZE:KMD, ASX:KMD) rose almost 3% in recent trade.Meanwhile, shares of the distribution services sector fell roughly 2%.Shares of Steel & Tube Holdings (NZE:STU) were over 1% lower in recent trade.
Non-energy mineral stocks advanced almost 3% at midday Monday.Fletcher Building (NZE:FBU, ASX:FBU) shares rose nearly 3% in recent trade.Meanwhile, the consumer durables sector fell almost 3%.KMD Brands (NZE:KMD, ASX:KMD) was down almost 3% in recent trade.
Consumer services stocks advanced nearly 5% at midday Friday.SkyCity Entertainment Group (NZE:SKC, ASX:SKC) gained almost 15% in recent trade.The company, along with SkyCity Adelaide, has entered into a nonbinding heads of agreement, along with SkyCity Adelaide, with the Commissioner for Liquor and Gambling in South Australia, which provides for a total fine of AU$21 million, according to a Friday Australian bourse filing.On the flip side, the consumer durables sector struggled, shedding almost 3%.KMD Brands (NZE:KMD, ASX:KMD) was down nearly 3% in recent trade.
Technology services shares gained the most on New Zealand's Exchange, rising almost 2% by midday Thursday.Shares of Vista Group (NZE:VGL, ASX:VGL) rose past 5% in recent trade.Meanwhile, shares of the consumer durables sector fell past 1%.KMD Brands (NZE:KMD, ASX:KMD) was down past 1% in recent trade.
Consumer durables shares gained the most on New Zealand's Exchange, rising past 9% on Wednesday.Shares of KMD Brands (NZE:KMD, ASX:KMD) rose past 9% in recent trade.Meanwhile, shares of the distribution services sector fell past 5%.Shares of Vulcan Energy (NZE:VSL, ASX:VSL) were nearly 7% lower in recent trade.
Producer manufacturing shares gained the most on New Zealand's Exchange, rising past 1% by midday Friday.Skellerup Holdings (NZE:SKL) shares rose 1% in recent trade.Meanwhile, the consumer durables sector fell 1%.KMD Brands (NZE:KMD, ASX:KMD) was down 3% in recent trade.
Consumer durables shares gained the most on New Zealand's Exchange, rising almost 4% on Thursday.Shares of KMD Brands (NZE:KMD, ASX:KMD) rose nearly 4% in recent trade.Meanwhile, miscellaneous shares fell by more than 2%.Shares of Marlin Global (NZE:MLN) drove the decline, falling past 1% in recent trade.
Transportation shares gained the most on New Zealand's Exchange, rising past 1% by midday Thursday.Mainfreight (NZE:MFT) gained past 7% in recent trade.The company reported Thursday fiscal 2026 earnings of NZ$2.49 per share, down from NZ$2.72 a year earlier. Analysts polled by FactSet expected earnings of NZ$2.49.Meanwhile, the consumer durables sector fell almost 3%.KMD Brands (NZE:KMD, ASX:KMD) was down nearly 3% in recent trade.
Australian shares rose on Wednesday as the US stock indices reached new records overnight.The S&P/ASX 200 Index increased by 0.69%, or 59.90 points, to close at 8,717.70.Brent crude oil futures hovered around $98 per barrel as investors expected progress for a peace agreement between the US and Iran.The S&P 500 and the Nasdaq Composite rose 0.6% and 1.2%, respectively, hitting record highs.On the domestic front, Australia's consumer price index rose 4.2% in the 12 months to April, down from a 4.6% increase in the year to March, the Australian Bureau of Statistics reported. Trimmed mean inflation came in at 3.4% in the 12 months to April, up from 3.3% in the year to March.The six-month annualized growth rate in the Westpac-Melbourne Institute Leading Index slipped deeper into negative territory, declining to about -0.2% in April from -0.1% in March, according to a Westpac report.In company news, Endeavour Group (ASX:EDV) is targeting AU$300 million of cost savings to be delivered by fiscal year 2029. It also plans to exit or sell non-core winery, as well as agricultural assets, reduce its own grape production by over 80%, and concentrate investment on high-performing brands with proven retail demand within its Pinnacle Drinks business.The Australian Federal Court ordered Westpac Banking (ASX:WBC, NZE:WBC) to pay AU$26 million in civil penalties after failing to respond to over 200 online hardship requests within the time required by law from 2017 to 2023.Lastly, KMD Brands (ASX:KMD, NZE:KMD) reported a 5.2% jump in fiscal third-quarter sales, helped by strength in its flagship Kathmandu segment, even as its footwear business Oboz saw a decline amid geopolitical and market tensions. Its board is also conducting a business review to improve shareholder returns.
The consumer durables shares gained the most on New Zealand's Exchange, rising almost 11% on Wednesday.Shares of KMD Brands (NZE:KMD, ASX:KMD) rose nearly 14% in recent trade.The company on Wednesday reported a 5.2% jump in third-quarter sales, helped by strength in its flagship Kathmandu segment, even as its footwear business Oboz saw a decline amid geopolitical and market tensions.On the flip side, the finance sector struggled, shedding almost 3%.Shares of ANZ Group Holdings (NZE:ANZ, ASX:ANZ) dropped by more than 4% in recent trade.
Australian shares are poised to be little changed on Wednesday as key inflation data for April is set to be released.Overnight, the S&P 500 and the Nasdaq Composite rose 0.6% and 1.2%, respectively, hitting record highs, while the the Dow Jones Industrial Average declined 0.2%.Brent crude oil futures rose over 3% to reach $99.53 per barrel as optimism around a potential US-Iran peace deal wavered.In the macroeconomy, one in six Australian businesses was experiencing supply chain disruptions in May, with about 72% reporting a negative impact from current fuel prices or availability, according to a business conditions and sentiments report by the Australian Bureau of Statistics on Tuesday.Australia's the consumer price index data for April is due at 11:30 am Sydney time.In corporate news, KMD Brands (ASX:KMD) reported a 5.2% jump in fiscal third-quarter sales, helped by strength in its flagship Kathmandu segment, even as its footwear business Oboz saw a decline amid geopolitical and market tensions. Its board is also conducting a business review to improve shareholder returns.Tivan (ASX:TVN) received initial assay results from its regional-scale stream sediment sampling program at the Turiscai project in East Timor, returning grades of up to 434 parts per million copper and 0.801 parts per million.Australia's benchmark index declined 0.4%, or 34.2 points, to close at 8,657.80 on Tuesday.
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