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4 stories mentioning ASX:SKOUpdated 1d ago

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Asia

New Zealand Shares at All-Time High; ikeGPS Group Posts Flat Fiscal Q1 Revenue

New Zealand shares reached an all-time high on Wednesday while trading remained mixed in Asia amid an AI sell-off and continued US-Iran conflict.The S&P/NZX 50 Index rose 0.83% or 114.74 points to close at 13,976.67.The US military said on Tuesday it carried out joint strikes with Saudi forces in Iraq targeting militant groups aligned with Iran, according to a Wednesday Reuters report.On the domestic front, a total of 3,169 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) Pulse auction held Tuesday, with supply ranging from 2,750 MT to 3,200 MT, according to data from the trading platform.In corporate news, ikeGPS Group (ASX:IKE, NZE:IKE) reported fiscal first-quarter revenue of around NZ$6.4 million, unchanged from a year earlier, reflecting interim softness in one-off and lower-margin services revenue.Serko (ASX:SKO, NZE:SKO) reported that fiscal first-quarter online bookings increased 1% year over year to NZ$2.3 million, while completed room nights (CRNs) rose 39% to NZ$1.4 million.

^NZ50ASX:IKEASX:SKONZE:IKENZE:SKO
Asia

Serko Reports Modest Rise in Fiscal Q1 Online Bookings

Serko (ASX:SKO, NZE:SKO) reported that fiscal first-quarter online bookings increased 1% year over year to NZ$2.3 million, while completed room nights (CRNs) rose 39% to NZ$1.4 million, according to a Wednesday Australian and New Zealand bourse filing.Average revenue per completed room night fell 11% to 8.70 euros, primarily driven by lower room rates and the impact of commission tiering.The company said the Middle East conflict has had minimal impact on its business, with only a slight decline in regional CRNs, which accounted for less than 3% of group CRNs before the conflict, while volumes outside the region remain resilient.Active customers rose 35% to 325,000 in the fiscal first quarter from 241,000 a year earlier.The company reaffirmed its fiscal 2027 guidance, forecasting total income of NZ$128 million to NZ$134 million while maintaining its expected total spend between NZ$132 million and NZ$140 million.

ASX:SKONZE:SKO
Asia

New Zealand Shares Rise; Serko Names Chief Product Officer

New Zealand shares ended higher on Wednesday, while most Asian shares saw a decline as tensions escalated again in the Middle East.The S&P/NZX 50 Index rose 0.38%, or 49.57 points, to close at 13,253.65.Iran's Revolutionary Guards said they had struck a US base in Jordan and 21 other targets across the Gulf on Wednesday in response to American strikes near the Strait of Hormuz, according to a Wednesday Reuters report, citing Iranian media.In domestic news, ANZ and Westpac said that they expect New Zealand's economy grew 1% in the March quarter, according to separate reports by the banks.Also, New Zealand's light and heavy traffic fell in May as higher fuel prices triggered by the Middle East conflict weighed on demand and discouraged driving, ANZ Research said.Further, Westpac said it expects New Zealand's gross domestic product to rise 1% in the March quarter, with seasonal distortions adding about 0.4 percentage points, according to a report by the bank.Meanwhile, New Zealand's agriculture sector is performing "incredibly well" despite developments overseas, as farmgate prices for beef, lamb, mutton, and wool currently stand at or near record levels, ANZ said.In corporate news, Serko (NZE:SKO, ASX:SKO) appointed David Holyoke as chief product officer, effective immediately.Westpac Banking's (ASX:WBC, NZE:WBC) New Zealand division launched its fourth mobile community banking van at Mystery Creek's Fieldays agricultural event to make its services more accessible.

^NZ50ASX:SKOASX:WBCNZE:SKONZE:WBC
Asia

Serko Names Chief Product Officer

Serko (NZE:SKO, ASX:SKO) appointed David Holyoke as chief product officer, effective immediately, according to a Wednesday filing with the Australian and New Zealand bourses.The company's New Zealand shares gained over 2% in recent Wednesday trading.

ASX:SKONZE:SKO

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