PRE-MARKET AUSTRALIAN, JAPANESE & SOUTH KOREAN STOCK NEWS: Australian Corporate Earnings

AUSTRALIA

A2 Milk (A2M AT)
- Co. FY net tripled to AUD 83.4mln. (SBS)

APA Group (APA AT)
- Co. FY net AUD 236.8mln. (Newswires)

BHP Billiton (BHP AT)
- Co. cleared the path for raising dividends, by reducing net debt by USD 9.8bln in the past year. (The Australian)
- Co. CEO said he is keen to offload Co.’s US shale business ‘relatively quickly’. (The Australian)

Charter Hall Group (CHC AT)
- Co. FY net AUD 257.6mln vs Prev. AUD 215mln Y/Y, rev. AUD 213mln vs. Prev. AUD 165mln Y/Y. (Newswires)

Coca-Cola Amatil (CCL AT)
- Co. H1 underlying net AUD 190.1mln vs. Exp. AUD 189mln. (Newswires)

Coates Hire (COA AT)
- Co. is expected to offload itself for AUD 2.0bln with a deal expected by early 2018. (Newswires)

IAG (IAG AT)
- Co. FY net AUD 929mln vs. Exp. AUD 927mln, Gross Written Premiums AUD 11.8bln vs. Prev. AUD 11.4bln Y/Y. (Newswires)

News Corp (NWS AT)
- Co. and Telstra (TLS AT) are to join Foxtel and Fox Sports Australia into a new premium sports and entertainment Co. (Newswires)

Qube Holdings (QUB AT)
- Co. FY17 net AUD 77.3mln vs. Prev. AUD 82mln Y/Y, rev. AUD 1.51bln vs. Prev. AUD 1.33bln Y/Y. (Newswires)

Vocus Communications (VOC AT)
- Co. final FY17 underlying profit AUD 152mln vs. Prev. AUD 102mln Y/Y, rev. AUD 11.8bln vs. Prev. AUD 11.4bln Y/Y. (Newswires)

Woolworths (WOW AT)
- Co. FY17 net AUD 1.53bln vs. Exp. AUD 1.40bln, rev.  AUD 55.9bln vs. Prev. AUD 53.5bln Y/Y. (Newswires)

Telecoms
- Vodafone (VOD LN) is entering the fixed-line sector for the first time in Australia with a range of NBN products. (SMH)

Co’s trading ex-dividend
- AGL (AGL AT), AMP Capital (AMP AT), Part Group Holding (PGH AT)

Basic Materials/Energy
- Spot gold fell 0.5% to USD 1285.52/Oz.
- Brent crude rose 0.4% to USD 51.87/bbl.
- Iron ore fell 0.4% to USD 79.65/ton.
- Dalian iron ore fell 4.3% to CNY 576/ton.

 

JAPAN

Toshiba (6502 JT)
- Co. and Western Digital (WDC) enter discussions with hopes to reach an agreement to sell Toshiba’s memory chip business. (Nikkei)

Fujifilm (4901 JT)
- Fujifilm Medical Systems awarded USD 768mln Defence Logistics Agency contract valued as much as USD 768mln. (Nikkei)

Yamato (9064 JT)
- Co. is to roll out its chilled delivery service in Vietnam next month. (Nikkei)

Defence related
- Japan's defense ministry is reported to seek a record budget for fiscal 2018. (Nikkei)


 

SOUTH KOREA

Hyundai Merchant Marine Co. (011200 KS)
- Co. reported a 93% increase in its cargo processing at Busan Port, the largest sea gateway in the country. (Yonhap)

Hyundai Motor (005380 KS)
- Co. is planning to produce 1st pick up truck model for US market. (Newswires)

LG Electronics (066570 KS)
- Co. is to set up a US factory for electric vehicle parts in Michigan. (Newswires)

Samsung Electronics (005930 KS)
- Co. increased its Latin American smartphone market share by 6.7 ppts Y/Y to a record 40.9% during Q2. (BusinessKorea)

Car makers
- South Korean automakers yesterday cited high costs and low productivity as major sources of concern. (Yonhap)

Other news
- South Korea and US begin discussions on possible FTA amendment. (Newswires)
 

23 Aug 2017 - 00:30- MetalsResearch Sheet- Source: Newswires

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