Financial News · Live Terminal

Page 1579 of 2393

Dexus Secures JV With Boral for Major Ravenhall Logistics Precinct in Melbourne

Dexus (ASX:DXS) has entered a joint venture (JV) with Boral (ASX:BLD) to develop a large-scale logistics precinct in Ravenhall, Melbourne's western corridor, spanning 630 hectares and targeting up to 2.5 million square meters of lettable space, subject to rezoning and regulatory approvals, according to a Tuesday Australian bourse filing.The JV structure gives the company and other capital partners a combined 50% stake, while Boral retains the remaining 50%, with the project developed in staged superlots and supported by substantial third-party capital to enhance capital efficiency, per the filing.The company will oversee rezoning, development, and management, with limited short-term financial impact, while management fees will begin as each stage of investment is completed, the filing added.

ASX:BLDASX:DXS

Research55d ago

Research Alert: CFRA Keeps Hold Opinion On Class B Shares Of Berkshire Hathaway Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We maintain our 12-month target price of $520, valuing Berkshire shares at 22.3x our 2027 operating EPS estimate of $23.36 (lowered today by $0.59) and at 24x our 2026 EPS estimate of $21.76 (lowered by $0.49), versus the shares' three-year average forward multiple of 23x. Berkshire's Q1 2026 operating EPS of $5.26 versus $4.47 topped our $5.10 estimate and the $5.05 consensus view, with operating revenues rising 4.4%. We maintain our 3% to 7% operating revenue growth forecast for 2026. Pretax operating profits more than doubled as margins widened to 13% from 5.6%, though GEICO's underwriting results deteriorated, with its combined ratio rising to 87.3% from 79.8%. CEO Greg Abel reiterated Berkshire's acquisition strategy and share buyback policy at his debut annual meeting but provided no commitment to predetermined capital allocation. At current levels, we view the dividend-less shares as fairly valued.

$BRK.B

Research55d ago

Research Alert: Duolingo: Strong User Growth Supports Q1 Beat

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:DUOL delivered solid Q1 results with revenue climbing to $292M and EPS of $0.89 versus $0.72 in the prior year, driven by 31% subscription revenue growth to $251M and 15% advertising growth to $21M. Operational efficiency improved notably with adjusted EBITDA advancing 33% to $83.4M (28.6% margin, +140 bps) while free cash flow reached $147.8M. The company's AI-powered content creation capabilities enabled publication of 20,500 course units - nearly triple the 2025 run rate - supporting 21% DAU growth to 56.5M and paid subscriber expansion to 12.5M. Management targets FY bookings of $1.28B (+10.5%), revenue of $1.2B (+16.1%), and adjusted EBITDA of $310M (25.7% margin). We expect continued momentum from AI-driven features and expansion into chess, math, and music, though anticipate gross margin compression from 71.0% to ~69.0% by Q4 as AI capabilities broaden. We believe DUOL's medium-term goal of 100M DAUs by 2028 remains achievable given strong user engagement trends and content innovation capabilities.

$DUOL

Asia55d ago

Regis Resources to Acquire Vault Minerals in Merger of Equals

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, according to a Tuesday joint filing with the Australian bourse.Under the proposed deal, Vault shareholders will receive 0.6947 shares in Regis for each Vault share owned. Regis shareholders will own about 51% of the merged company and Vault shareholders the remaining 49%, per the filing.The combined company will be listed in Australia and is expected to produce more than 700,000 ounces of gold per year through five operating assets across Western Australia.Regis CEO Jim Beyer will be the CEO of the combined firm, with Anthony Rechichi as its chief financial officer and Michael Holmes as chief operating officer.The merger partners said they see opportunity to realize more than AU$500 million of corporate tax benefits and reduce the combined firm's cost of capital.The deal is subject to certain conditions, including court, regulatory, and Vault shareholder approvals, and carries a break fee of about AU$50.7 million.

ASX:RRLASX:VAU

Asia55d ago

Regis Healthcare to Benefit from Higher Govt Spending on Aged Care, Says Jefferies

Regis Healthcare (ASX:REG) is expected to reap benefits from higher government funding into aged care sector, Jefferies said Monday in a note, adding that it is awaiting clarity from the upcoming federal budget announcement this month.The government has announced plans for a AU$3 billion investment in aged care, which includes an increased accommodation supplement.The investment firm assumes that if 40% of Regis' residents received a AU$15 higher daily accommodation supplement, the company could see around a 10% boost in EBITDA per place over 12 months. Regis expects fiscal 2026 underlying EBITDA of around AU$135 million.Jefferies is also confident in the company's fiscal 2027 outlook despite near-full occupancy as Regis continues to expand its portfolio and increase the proportion of residents paying Refundable Accommodation Deposit (RAD). The company reported average occupancy of 95.9% in mature homes in the third quarter.Jefferies maintained a buy rating and increased its price target by 35% to AU$9.

ASX:REG

Research55d ago

Research Alert: CFRA Maintains Buy Opinion On Shares Of Dte Energy Company

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target by $3 to $165, reflecting a 20.7x forward P/E on our next-12-month EPS estimate. We lower our 2026 EPS view by $0.05 to $7.76 and raise our 2027 EPS view by $0.01 to $8.40. In March 2026, DTE executed a 1 GW data center agreement with Google and filed contracts with the MPSC for approval; a decision is expected by September 2026. The Google data center agreement complements the previously approved 1.4 GW Oracle project. The agreement is structured to deliver approximately $1.7B in affordability benefits for existing customers over the contract life, while requiring Google to pay the full cost of energy usage, including all related infrastructure investments. DTE intends to pause future electric rate requests for at least two years following its most recent request, dependent on the Oracle data center coming online by 2027. On a compound annual basis from 2025 to 2028, we anticipate approximately 7.5% EPS and 6.8% dividend growth, highly competitive with multi-utilities peers.

$DTE

Asia55d ago

National Australia Bank's Asset Quality Risks Build, But Demand Remains Solid, Says Jefferies

National Australia Bank (ASX:NAB) is facing rising asset quality risks as it posted a downbeat half-yearly result, Jefferies said Monday in a note, adding that demand remains resilient and costs are being managed.The bank reported a 26% decline in fiscal 2026 first-half cash earnings to AU$2.64 billion, missing Jefferies' estimate by 3%.The investment firm reduced its fiscal 2026 and 2028 EPS estimates by 1%, citing lower earnings from liquid assets and higher impairment charges for potential loan losses, partly offset by stronger profit margins.Jefferies said that investors are concerned about the bank's exposure to small and medium sized businesses (SMEs) in an uncertain macro environment. NAB is also setting aside more provisions for bad loans than its peers, which is impacting its returns by more than 1%.However, the brokerage continues to see an attractive risk-reward on the profile. Despite recent share underperformance, margins are expected to improve in the second half of the year.Jefferies maintained its buy rating on National Australia Bank but cut its price target to AU$46.98 from AU$47.73.

ASX:NAB

Asia55d ago

Nextdc Secures AU$1.8 Billion in New Senior Debt Facilities

Nextdc (ASX:NXT) secured credit-approved commitments for AU$1.8 billion in new senior debt facilities from a syndicate of leading domestic and international banks, according to a Monday filing with the Australian bourse.The company's total senior debt capacity will increase to AU$8.2 billion from AU$6.4 billion following financial close, with pro forma liquidity rising to around AU$8.4 billion as at June 30, per the filing.The funds will be used primarily to support capital expenditure requirements associated with recent customer contract wins, ongoing data center developments, and general corporate purposes, the filing said.

ASX:NXT

Asia55d ago

Meridian Energy Joins S&P Dow Jones Best-in-Class World Sustainability Index

Meridian Energy (ASX:MEZ, NZE:MEL) has been included in the S&P Dow Jones Best-in-Class World Index, which measures corporate sustainability performance globally, according to a Tuesday filing with the Australian and New Zealand bourses.The index is based on S&P Global's corporate sustainability assessment, an independent evaluation that assesses organizations on resilience, governance, risk management, and the quality and transparency of their environmental, social, and governance disclosures, the filing said.

ASX:MEZNZE:MEL

Asia55d ago

Westpac's Total Capital, CET1 Capital Up Year on Year in March Quarter

Westpac Banking (ASX:WBC, NZE:WBC) total capital and Common Equity Tier 1 (CET1) capital both increased year-over-year in the March quarter, according to a Tuesday Australian bourse filing.The bank's total capital in the three months to March came in at AU$98.54 billion, up from the AU$97.14 billion it reported in the year-ago period. Its CET1 capital for the period clocked in at AU$56.94 billion, rising from the AU$55.01 billion it reported for the March 2025 quarter.Its CET1 ratio for the March quarter was 12.4%, compared with a ratio of 12.2% in the prior-year period. It reported a liquidity coverage ratio of 132% for the quarter, compared with 135% in the same period in the previous year.

ASX:WBCNZE:WBC

Research55d ago

Research Alert: CFRA Raises Opinion On Shares Of Gildan Activewear To Buy From Hold

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We maintain our 12-month price target of CAD98, based on 16.0x our 2026 EPS estimate and above the company's five-year average forward P/E multiple of 12.9x, reflecting our view that the company deserves an above-peer multiple. We view the recent acquisition of HanesBrands as positive and believe the company will improve Hanes' operating efficiency while capitalizing on significant synergies. GIL reported Q1 2026 results that reflect the significant impact of its HanesBrands acquisition, with revenues increasing 64% to $1.17B, $18M above estimates, while facing substantial integration-related charges. Adjusted EPS from continuing operations declined to $0.43 from $0.59, $0.08 above consensus estimates, reflecting higher share count from the acquisition and ongoing integration expenses. We now view shares more positively after a 20% decline from its 52-week high just a few months ago. Shares currently trade at 13.5x the midpoint of the company's full-year EPS guidance.

$GIL

Asia55d ago

Medibank Private Reports Policyholder Growth in Nine Months to March 31, Maintains Outlook

Medibank Private (ASX:MPL) reported policyholder growth of 22,400 in its resident private health insurance business in the nine months to March 31, up 25% from the same period a year earlier, according to a Tuesday filing with the Australian bourse.The company said the resident private health insurance industry has become more competitive in recent months, with data showing consumers increasingly prioritizing value and some participants resorting to price-led customer propositions."While no new material trends have emerged in 2026, Medibank will continue to monitor utilization given historic behavior and competitor activity as we remain disciplined," it said.Medibank maintained its fiscal 2026 guidance, saying it does not expect global events and volatility to have a direct impact on its businesses.The company's main financial exposure is through its investment portfolio, which includes about AU$188 million of investments in equities, and through movements in Australia's cash rate where it flagged a roughly AU$7 million annual impact to investment income.

ASX:MPL

Asia55d ago

Block Appoints Chief Accounting Officer

Block (ASX:XYZ) appointed Andrea Acosta as chief accounting officer, effective May 26, according to a Tuesday filing with the Australian bourse.Acosta will succeed Amrita Ahuja, who will remain as the company's chief financial officer and chief operating officer, the filing said.Acosta previously held the position of chief accounting officer at Pinterest, the filing added.

ASX:XYZ

Research55d ago

Research Alert: CFRA Maintains Buy Opinion On Shares Of Five9, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target price by $2 to $27, applying an EV/revenue multiple of 1.7x to our 2026 estimate, a slight premium to peers. We increase our 2026 EPS estimate by $0.06 to $3.25 and 2027's by $0.13 to $3.77. FIVN achieved its second consecutive quarter of accelerating Y/Y subscription revenue growth, strengthening the core business. Customers are increasingly adopting FIVN's AI solutions as integrated parts of the customer experience platform, resulting in multiple quarters of strong AI revenue growth. AI revenue grew 68% Y/Y and now constitutes a larger portion of total subscription revenue than in previous quarters. There is growing traction for FIVN's transition to a fixed revenue model, with customers committing to revenue numbers, providing predictability for both the company and its clients. This trend supports FIVN's strategy as AI solutions replace traditional seat-based models.

$FIVN

Asia55d ago

Market Chatter: Thailand's Cabinet to Consider Loan Plan for Living Costs, Clean Energy

Members of the Thai cabinet are set to meet Tuesday to discuss a proposed loan framework to support funding for the cost of living and clean energy, the Bangkok Post reported Monday.Government spokesperson Rachada Dhnadirek was cited in the article as saying that the co-payment scheme under the plan is expected to support the economy while easing living costs. The loan deal, which could be worth between 400 billion baht and 500 billion baht, is also earmarked for solar power and other renewable energy sources, as well as to support the shift away from fossil fuel imports, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^SET

Asia55d ago

SSY Group's Attributable Profit, Turnover Rise in Q1

SSY Group (HKG:2005) reported unaudited profit attributable to shareholders of the company of HK$171.2 million for the quarter ended March 31, up from HK$168.5 million in the year-ago period, according to a Hong Kong bourse filing on Monday.The Hong Kong-listed pharmaceutical product maker's turnover in the first quarter reached HK$1.23 billion, compared with HK$1.14 billion a year ago.

HKG:2005

Commodities55d ago

Crescent Energy Posts Q1 Earnings, Boosted by Oil, Gas Volume Gains

Crescent Energy Company (CRGY) reported Q1 earnings Monday, showing average daily net sales volumes of 341,000 barrels of oil equivalent per day, up from 258,000 boe/d a year earlier.Crescent reported that it had outperformed average daily net sales volume estimates of 328,000 boe/d by about 4%.The company reported average daily net oil sales volumes of 140,000 barrels per day for the quarter ended March 31, up from 102,000 b/d a year earlier.Average daily net sales volumes for natural gas rose to 743 million cubic feet per day for the quarter, up from 655 MMcf/d, the company said.The company reported average daily net sales for natural gas liquids at 77,000 b/d, up from 47,000 b/d a year earlier, it added.Crescent Energy said it has achieved about $120 million in cost savings to date from its Permian integration, ahead of its original target.The company drilled 38 operated wells in Q1 and brought 37 wells online, while capital expenditures reached $385 million for the quarter, it said.Crescent Energy completed two Eagle Ford mineral acquisitions totaling about $355 million in Q1 2026, expanding its portfolio with additional exposure to undeveloped resources.

$CRGY

Asia55d ago

Liu Chong Hing Investment Redesignates CEO, Names Co-CEOs

Liu Chong Hing Investment (HKG:0194) named Tsang Tin For as co-chief executive officer, effective Monday, according to a same-day Hong Kong bourse filing.Following Tsang's appointment, CEO Liu Lit Chi, who also serves as board chairman, was redesignated to co-chief executive officer, the property investment and development company said in the filing. Liu remains the chairman of the board after his redesignation.

HKG:0194

Research55d ago

Research Alert: Wmb: A Q1 Beat, But High Growth Capex Spending

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Williams delivered solid Q1 results, with adjusted EPS of $0.73 beating estimates of $0.62 and rising 22% Y/Y. Adjusted EBITDA increased 13% to $2.25B due to Transco expansion projects, higher Gulf volumes from new developments, and elevated storage revenues during winter storms. The natural gas-focused midstream operator benefits from strategic positioning in LNG infrastructure and data center demand, securing major customer agreements including the $2.3B Neo power project and Atlas data center infrastructure. Management raised 2026 growth capex guidance to $7.0B-$7.6B from prior $6.1B-$6.7B range, while maintaining 2026 adjusted EBITDA guidance of $8.05B-$8.35B with expectations in the upper half. We believe the aggressive growth strategy positions WMB well for secular demand trends, though elevated capex of $1.64B in Q1 versus $0.67B prior year reflects the substantial investment required for expansion initiatives across Transco and data center projects.

$WMB

Research55d ago

Research Alert: CFRA Maintains Hold Rating On Shares Of Generac Holdings Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Generac reported strong Q1 results with net sales rising 12% Y/Y to $1.06B, driven by a 28% surge in its Commercial & Industrial segment, fueled by accelerating data center demand, while Residential sales grew just 1% as higher pricing on home standby generators was offset by lower volumes. Adjusted EBITDA margin expanded significantly to 18.3% from 15.9%, reflecting strong operating leverage on higher C&I volumes and substantial cost savings within the reorganized Residential business. We view the robust C&I momentum and expanding backlog as key catalysts supporting our positive investment thesis. Management raised full-year guidance, buoyed by the Q1 outperformance and rapidly growing C&I backlog. We lift our 12-month target to $275 from $235, valuing shares at 25.7x our revised 2027 EPS outlook of $10.70 (up from $10.42), near GNRC's five-year forward multiple average but below electrical equipment peers given earnings volatility. We also raise our 2026 EPS forecast to $8.56 from $8.10.

$GNRC

Showing 31561-31580 of 47853