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Frontier Energy Completes Sale of Canada Project to Total Metals

Frontier Energy (ASX:FHE) completed the sale of its non-core Pick Lake Zinc Project in Canada to Total Metals for AU$2.3 million in cash, according to a Friday Australian bourse filing.The company has received full payment, and the mineral rights along with all associated project information have been transferred to Total Metals, per the filing.The divestment allows the company to focus exclusively on its Waroona Renewable Energy Project, the filing added.

ASX:FHE

Research60d ago

Research Alert: Vale S.a. Posts Strong Q1 2026 Operating Results

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Vale posted solid Q1 2026 (operating) results, with iron ore production of 69.7Mt (+3.0% Y/Y) and energy transition metals delivering double-digit growth, including copper at 102.3kt (+12.5% Y/Y) and nickel at 49.3kt (+12.3% Y/Y). The performance marked multiyear highs across core assets, with S11D achieving another record and Southeastern System surging 19.2% driven by Capanema's ramp-up. We view the operational momentum as validation of Vale's capital strategy and positioning for long-term value creation in energy transition metals. Management maintained 2026 guidance, expecting upper end of 335Mt-345Mt iron ore targets as Capanema reaches full capacity. Copper realizations surged 47.8% Y/Y to $13,143/t while iron ore premiums expanded 29.2%, demonstrating portfolio optimization benefits. We believe base metals are becoming increasingly important value drivers as Novo Carajas advances, though key watch items include project execution and iron ore premium sustainability.

$VALE

Asia60d ago

American Uranium Launches Nearly AU$3 Million Entitlement Offer

American Uranium (ASX:AMU) launched a pro rata non-renounceable rights issue to raise around AU$2.6 million before costs, offering eligible shareholders in Australia, New Zealand, and Canada one new share for every six held at AU$0.12 per share, according to a Friday filing with the Australian bourse.The participants will also receive one free attaching option for every two new shares subscribed, exercisable at AU$0.16 and expiring on June 30, 2029, although these options will not be listed on the Australian Securities Exchange, per the filing.New shares will rank equally with existing shares, while shareholders may take up all, part, or none of their entitlement, with any shortfall potentially allocated to exempt investors at directors' discretion within three months of closing, the filing said.The proceeds will be used to fund permitted infill and expansion drilling, as well as hydrogeological and metallurgical programs at Lo Herma in Wyoming, US, in preparation for the planned third quarter scoping study, the filing added.

ASX:AMU

Asia60d ago

AMP Accelerated Momentum Across Core Business Units in Q1, Jefferies Says

AMP (ASX:AMP) reported "encouraging" first-quarter results as momentum accelerated across its core business units, and AMP Bank recorded only a minor decrease in loan balances from the linked quarter, Jefferies said in a Thursday note.The company's North wealth management platform saw a robust AU$1.1 billion of new inflows, representing the fourth consecutive quarter of net inflows topping the AU$1 billion mark. The Superannuation and Investments division posted "a continued and meaningful improvement" as net cash outflows contracted to AU$80 million, Jefferies said.In its international businesses, the outlook for AMP's China Life ventures is buoyed by structural demographic tailwinds, while AMP New Zealand performed well with positive new cash inflows of AU$41 million in the quarter, the equity research firm said.The company's AU$150 million on-market buyback is now included in forecasts, which Jefferies estimates to be around 4% accretive. Including overall forecasting adjustments, the firm's EPS forecasts for AMP increase 6% for 2026 and 8% for 2027.Jefferies maintained a buy rating on AMP and raised its price target on the company's shares to AU$1.75 from AU$1.50.

ASX:AMP

Asia60d ago

Orthocell Says First Surgical Case Using Nerve Repair Product in US Department of Defense Hospital Network Completed

Orthocell (ASX:OCC) said that a surgery at a military base hospital in Ohio within the US Department of Defense/Veterans Affairs hospital network was the first surgical case using its nerve repair product, Remplir, according to a Friday Australian bourse filing.The company said that this represented an important step in its US commercialization strategy.

ASX:OCC

Asia60d ago

AGL Energy Signs Gas Sales Deal With Amplitude Energy

AGL Energy (ASX:AGL) signed a foundation gas sales agreement with Amplitude Energy (AEL:ASX) for the supply of 20 petajoules of gas from the East Coast Supply Project in the offshore Otway Basin, Victoria, according to a Friday filing with the Australian bourse.The deal has an initial four-year term, with supply expected to start in the second half of 2028, the filing said.

ASX:AELASX:AGL

Asia60d ago

SKS Technologies Group Secures Further AU$80 Million of Work on Existing Data Center Contract

SKS Technologies Group (ASX:SKS) said it has secured a further AU$80 million of work on its existing data center contract with construction company Hickory, bringing the total contract award to AU$210 million, according to a Friday Australian bourse filing.The company said the contract covers the design and construction of a full suite of critical electrical systems and infrastructure for a hyperscale data center facility in Melbourne's western region, with project completion expected in the third quarter of 2027.SKS Technologies said work on hand currently sits at AU$350 million, with about AU$240 million or roughly 69% flowing into fiscal 2027.The company said the increased level of work on hand supports its fiscal 2026 earnings forecasts of revenue of AU$340 million and a 10% profit before tax margin, resulting in a before-tax profit of AU$34 million.

ASX:SKS

Asia60d ago

Lotus Resources Resumes Uranium Production at Malawi Mine

Lotus Resources (ASX:LOT) resumed uranium production at its Kayelekera mine in Malawi after fire damage to electrical control panels resulted in a suspension of operations earlier this month, according to a Friday filing with the Australian bourse.The company said it resumed production after installing "interim engineered panels," and expects new panels to be delivered and installed in the coming weeks.

ASX:LOT

Asia60d ago

Zip Posts Higher Fiscal Q3 EBTDA, Upgrades Fiscal 2026 Outlook

Zip (ASX:ZIP) reported Friday fiscal third quarter cash earnings before taxes, depreciation, and amortization (EBTDA) of AU$65.1 million per share, up from AU$46 million a year earlier.Revenue for the three months ended March 31 was AU$332.2 million, compared with AU$276.3 million a year earlier.The total transaction volume for the quarter was AU$4 billion, compared with AU$3.3 billion in the prior-year period.The company said it upgraded its fiscal 2026 group cash EBTDA guidance to be no less than AU$260 million. It also reconfirmed its previous guidance and forecast group revenue margin of around 8%.

ASX:ZIP

Research60d ago

Research Alert: CFRA Keeps Buy Opinion On Shares Of Albertsons Companies, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our 12-month target at $21, based on 8.8x our FY 27 (Feb.) EPS of $2.38 (raised from $2.36; FY 28 initiated at $2.64). This multiple is near its long-term mean of 9.1x but remains a discount to its closest publicly-traded peer Kroger (~13x). Pharmacy headwinds from the Inflation Reduction Act are weighing on identical sales this fiscal year, though they are benefiting margins through a mix shift toward higher-margin generics. Margins should also improve with better digital profitability, easing GLP-1 pressure, and ongoing productivity initiatives. We expect identical sales growth to remain pressured in May-Q due to egg deflation, with both growth and profitability improving in subsequent quarters. We also believe ACI's investments in value, including lower prices and targeted promotions, should begin to drive an improvement in core grocery trends as the year progresses. Our Buy view reflects double-digit total shareholder return potential, including share repurchases and a ~4% dividend yield.

$ACI

International60d ago

New Zealand Electronic Card Spending Rises in March

New Zealand's electronic card spending rose 1.3% month over month to NZ$9.85 billion in March on a seasonally-adjusted basis, matching the 1.3% increase recorded in the previous month, according to data from Stats NZ on Friday.Retail spending rose 0.7% to NZ$7.08 billion, following a 1.4% increase in February.Core retail spending, which comprises consumables, durables, hospitality, and apparel, fell 0.1% to NZ$6.36 billion, following a 1.7% increase in the previous month.Services spending via electronic cards rose 0.1% to NZ$400 million, compared with a 0.4% decrease in the prior month. Excluding services, spending in non-retail industries rose 2.5% to NZ$2.39 billion, following a 2% increase in the previous month.

^NZ50

Asia60d ago

New Zealand King Salmon Investments Lifts Fiscal 2026 Outlook on Strong Summer Performance; Shares Jump 15%

New Zealand King Salmon Investments (NZE:NZK, ASX:NZK) upgraded its fiscal 2026 guidance, now expecting pro-forma earnings before interest, taxes, depreciation, and amortization of NZ$19 million to NZ$27 million, up from NZ$9 million to NZ$15 million, according to a Friday filing with the Australian and New Zealand bourses.The company also forecasts earnings before interest and taxes of NZ$10 million to NZ$18 million, compared with its previous outlook of between a NZ$3 million loss and a NZ$3 million profit, per the filing.The company increased its expected fiscal 2026 harvest whole gilled and gutted volume range to 5,800 to 6,100 metric tonnes, up from the prior guidance of 5,500 to 5,900 metric tonnes, the filing said.The improvement is attributed to stronger summer performance, with increased harvest volumes, enhanced fish growth from a new feed diet, and greater operational efficiency.The company has widened its guidance to reflect external risks such as higher air freight costs and supply chain pressures driven by global oil prices and the ongoing Middle East conflict, while still expecting performance to remain stable, the filing added.The company's Kiwi shares jumped 15% in recent Friday trade.

ASX:NZKNZE:NZK

Asia60d ago

Contact Energy Applies to Quote Shares Issued in Connection With King Country Energy Deal

Contact Energy (ASX:CEN, NZE:CEN) has applied to quote about 5 million ordinary shares issued in connection with its acquisition of an additional stake in King Country Energy, according to a Friday filing with the Australian bourse.Contact Energy purchased the remaining roughly 25% interest in King Country to take full ownership of the renewable energy firm.The consideration of NZ$47 million was paid to the trustees of King Country Trust through the issuance of the new shares.

ASX:CENNZE:CEN

Asia60d ago

Netwealth Outlook Positive but Market Volatility to Weigh on Earnings, Says Jefferies

Netwealth Group's (ASX:NWL) strong third-quarter update, ongoing demand for managed accounts and the upcoming HIN launch in July, which is expected to open a new market category, reinforce optimism about the company's forward outlook, Jefferies said in a note on Thursday.The company posted Q3 total funds under administration of AU$125.8 billion, with net inflows of AU$4 billion offsetting market declines of AU$3.7 billion.The investment firm trimmed its fiscal 2026 EPS estimates by 3% due to market volatility and slightly increased fiscal 2028 EPS estimates by 1%.However, Jefferies said the company's reiteration of 2026 guidance helped ease concerns around market volatility.Jefferies maintained a buy rating and raised its price target to AU$30.25 from AU$28.

ASX:NWL

Research60d ago

Research Alert: CFRA Maintains Sell Opinion On Shares Of J.b. Hunt Transport Services, 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 price target by $5 to $175, using a forward P/E of 20.4x our 2027 EPS estimate of $8.57, broadly in line with historical averages. We raise our 2026 EPS estimate by $0.33 to $7.26 and 2027's by $0.48 to $8.57. We project revenues of $12.9B in 2026 and $13.7B in 2027. While JBHT delivered a solid quarter, with 5% revenue growth and strong 27% EPS growth, we remain doubtful about the company's ability to sustain margin expansion despite aggressive cost-cutting measures. We anticipate several headwinds in 2026, including rising wages due to an ongoing driver shortage, declining driver supply due to new regulatory requirements, and higher insurance costs. We believe the stock is currently overvalued at a forward P/E of 29.9x, which is near its decade high and 33% above its 10-year historical average. This premium is unjustified given the challenges ahead. Despite JBHT increasing its dividend for 22 straight years, shares yield just 0.8%.

$JBHT

Asia60d ago

GPT Group's Oversubscribed AU$610 Million Raise to Support Growth Initiatives, No Immediate Earnings Boost, Says Jefferies

GPT Group's (ASX:GPT) AU$610 million oversubscribed capital raise for its retail fund signals robust investor demand and an increased tempo of growth initiatives, even as it is expected to not result in immediate earnings boost, Jefferies said in a note on Thursday.The raise exceeded its original target of AU$500 million for the GPT Wholesale Shopping Centre Fund, in which GPT holds a 33.3% stake, reflecting continued confidence in large-scale retail assets amid a limited supply outlook for regional and sub-regional retail space.The investment firm said the earnings impact from the raise is modest, amounting to roughly 0.4% accretion when fully deployed, but it increases future investment capacity coupled with borrowing, to about AU$820 million.Jefferies maintained a hold rating but raised its price target by 9% to AU$5.04.

ASX:GPT

Research60d ago

Research Alert: CFRA Keeps Hold Opinion On Shares Of Marsh & Mclennan Companies Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target price by $8 to $200, valuing MRSH shares at 19.4x our 2026 adjusted EPS estimate of $10.33 (raised by $0.03), and at 18x our 2027 EPS estimate of $11.15 (unchanged). Our target multiple compares to MRSH's one-year average forward multiple of 19.7x and peer average of 16x. At current levels, we view the shares as fairly valued versus peer and historical averages. We note that while MRSH's Q1 revenue growth of 8% was in line with our forecast of 5% to 8% growth, results included a 3% positive currency impact and a 1% boost from acquisitions. Underlying revenue growth of 4% in Q1 is likely to be at the low end of peer averages. Also, we note MRSH shares trade at a premium to peers, but its margins have been under pressure and are lagging some peers. To that point, Q1 operating margins contracted to 23.1% from 28.4% a year ago. Weighing modest top-line growth and margin contraction with the shares' premium valuation to peers, we view the shares as fairy valued.

$MRSH

Asia60d ago

Contact Energy Takes Full Ownership of King Country Energy

Contact Energy (ASX:CEN, NZE:CEN) has purchased the remaining roughly 25% interest in King Country Energy to take full ownership of the renewable energy firm, according to a Friday filing with the New Zealand bourse.The consideration of NZ$47 million was paid to the trustees of King Country Trust through the issuance of about 5 million new Contact Energy shares, per the filing.The purchase includes five North Island hydropower stations that have a combined installed capacity of around 53 megawatts and an average expected annual generation of roughly 190 gigawatt-hours.

ASX:CENNZE:CEN

Asia60d ago

Templeton Emerging Markets Investment Trust Buys Back Over 358,000 Shares for Cancellation

Templeton Emerging Markets Investment Trust (NZE:TEM) purchased for cancellation 358,036 ordinary shares on Thursday for 2.7642 pounds sterling each, according to a Friday filing with the New Zealand bourse.Following the transaction, the company's share capital consists of 943.8 million shares on issue, and 60 million shares held in treasury, the filing said.

NZE:TEM

Research60d ago

Research Alert: CFRA Maintains Sell Recommendation On Shares Of U.s. Bancorp

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:After reviewing Q1 earnings and accounting for a recently improved economic outlook, we increase our 12-month target price by $1 to $41, 7.3x our 2027 EPS estimate, a discount to the peer average of 10.4x given weaker growth prospects. We raise our 2026 EPS view by $0.17 to $5.08 and 2027's by $0.23 to $5.58. We believe other banks offer better risk-reward opportunities than USB. USB's net interest margin has plateaued at 2.77% in Q1, a disappointing outcome given the margin recovery that appeared underway in the second half of 2025. The bank still has significant ground to recover, as its pre-pandemic net interest margin averaged above 3%. We are also concerned about USB's limited capital returns to shareholders. Share buybacks remain modest, and the dividend has increased only 24% since 2019. On a positive note, USB is successfully improving efficiency. The bank delivered 440 bps of positive operating leverage in Q1, with further gains likely ahead given management's strong focus on cost discipline.

$USB

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