PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCK NEWS: Fast Retailing (9983 JT) 9-month net JPY 158.7bln vs. Prev. JPY 148.3bln Y/Y

AUSTRALIA

Charter Hall (CHC AT) - Co. entered partnership to acquire the global HQ of Telstra (TLS AT) for total consideration of AUD 830mln. (Newswires)

New Hope Corporation (NHC AT) - Co. shares were halted ahead of statement on court judgement related to Wiggins Island. (Newswires)

Oil Search (OSH AT) - Press reports note speculation that Santos (STO AT) could be considering a takeover of the Co. (The Australian)

Telstra (TLS AT) - Co. is examining issue impacting it electronic funds transfer at point of sale and access to ATMs. (Newswires)

Woolworths (WOW AT) - Co. is mulling refinancing its AUD 1.92bln loan to its pubs and pokies joint venture ALH by replacing it with external debt prior to demerger. (AFR)

 

JAPAN

Bic Camera (3048 JT) - Co. 9-month net JPY 11.9bln vs. Prev. JPY 14.3bln Y/Y. (Newswires)

Fast Retailing (9983 JT) - Co. 9-month net JPY 158.7bln vs. Prev. JPY 148.3bln Y/Y, rev. JPY 1.8tln vs. Prev. JPY 1.7tln Y/Y. (Newswires)

Hitachi (6501 JT) - Co. has begun formal process to divest Chemical unit for USD 5.6bln with initial bids due on August 9th. (Newswires)

Japan Display (6740 JT) - Parties in Co.’s rescue agreement are expected to cover the shortfall. (Newswires)

Mitsubishi Heavy (7011 JT) - Co. is to make offshore wind turbines in US and Asia. (Nikkei)

Obic (4684 JT) - Co. Q1 oper. profit is speculated to increase 15% Y/Y to around JPY 10bln. (Newswires)

Yaskawa Electric (6506 JT) - Co. Q1 net JPY 4.7bln vs. Prev. JPY 15.7bln Y/Y. (Newswires)

 

SOUTH KOREA

KCC Corp (002380 KS) - Co. will spin-off its glass, home interior and flooring business. (Newswires)

Trade - US offers to hold talks between South Korea and Japan on trade. (Newswires)

Other News - South Korea plans to increase minimum wage by 2.9% next year. (Newswires)

12 Jul 2019 - 00:23- Research Sheet- Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include: