PRE-MARKET AUSTRALIAN, JAPANESE & SOUTH KOREAN STOCK NEWS: Energy names likely to be in focus after WTI crude futures rose over 2% to above USD 49/bbl


AGL Energy (AGL AT)
- ACCC Chair Sims labelled Co.'s ownership of the Liddell and Bayswater power plants in NSW as "anti-competitive" and said that consumers are paying the price for the rejection of his attempt to block the Co.’s USD 1.5bln acquisition of Macquarie Generation. (AFR)

Caltex (CTX AT)
- Co. is reported to likely face "enforcement action" from the Fair Work Ombudsman as the entire industry was put on notice to fix persistent issues of underpaying vulnerable workers. (SMH)

Crown Resorts (CWN AT)
- Co. defended the integrity of its poker machines and stated that it is "basic common sense" an uneven spread of symbols on their reels has an impact on gamblers' chances of winning. (SMH)

Macquarie Atlas (MQA AT)
- Co. shares halted ahead of capital raising to acquire more stake in APRR, while Co. has also raised its 2018 distribution guidance by 4.4% due to the acquisition. (Newswires)

Myer (MYR AT)
- Co. FY 17 adj. net AUD 67.9mln vs. Prev. CNY 69.4mln Y/Y, rev. AUD 3.20bln vs. Prev. AUD 3.25bln. (Newswires)

Ten Network (TEN AT)
- Financial terms of a rival offer for the Co. were not disclosed to its creditors, according to allegations in court yesterday. (The Australian)

Teranga Gold (TGZ AT)
- Co. is to delist from ASX effective today. (Newswires)

- APRA is to conduct a probe of the culture at financial institutions in which it will interview front line employees and observe board meetings. (The Australian)

Basic Materials / Energy
- Australia Port of Newcastle August coal exports fell 11.9% M/M to 12.5mln tonnes.
- Spot gold fell 0.6% to USD 1324.13/oz.
- WTI Crude futures rose 2.2% to USD 49.29/bbl.
- Iron ore rose USD 0.19 to USD 76.56/tonne.
- Dalian iron ore futures fell 2% to CNY 531/tonne.



Kirin (2503 JT)
- Co. is aiming to lower its debt. (Nikkei)

Mitsubishi Motors (7211 JT)
- Co. is looking at increasing dealerships in China in which it seeks to widen its Chinese sales network by 40% to 300 locations by end of the current fiscal year. (Newswires)

Square Enix (9684 JT)
- Co. is said to partner with Nintendo (7974 JT) to develop ‘Octopath Traveller’ for the Switch console. (Newswires)

TEPCO (9501 JT)
- Japan’s NRA stopped just short of giving preliminary approval for the Co. to restart its Kashiwazaki-Kariwa power plant and stated it must prove commitment to safety to receive approval for restarting the plant. (Nikkei)

Other News
- Japan government is reportedly to push for accelerated discussions on TPP deal among the remaining 11 involved nations. (Newswires)



Korea Aerospace (047810 KS)
- Prosecution is extending the investigation on the Co. to include alleged accounting fraud related to a fighter jet project. (Yonhap)

Kumho Tire (073240 KS)
- Co. creditors reportedly could not assess the firms self-rescue plan due to lack of details, according to officials. (Yonhap)

Samsung Electronics (005930 KS)
- Co. to release Galaxy Note 8 in China on September 29th and partners with WeChat Pay ahead of China release. (Newswires)

- US military sources stated North Korea was observed moving mobile missile launchers and preparing hard sites in the last 48 hours. (Newswires)

Other News
- South Korean Finance Minister Kim said the government will carefully review how much it will hike the minimum wage from 2019, which suggests the government could slow the growth pace to reflect various conditions. (Yonhap)

14 Sep 2017 - 00:18- EnergyResearch Sheet- Source: Newswires

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