Author: Shawn Hickman
Austal’s surging higher today after Hanwha Defence USA’s non-binding, conditional offer to acquire Austal USA for an indicative enterprise value of US$1.05–1.20 billion.
Copper stocks across Asia are rallying strongly as the industrial metal hits levels not seen since mid-May.
Domino’s is surging up by more than +11% after the company reaffirmed its FY26 profit guidance despite booking ~$300M in write-downs, triggering a sharp squeeze of the heavily shorted stock.
DRO is down sharply today following a trading update which delivered a revenue guidance miss while at the same time flagging margin. compression,
Evolution Mining (EVN) is trading down ~3% in early afternoon on concerns around costs into FY27.
Fletcher Building (FBU) upgrades guidance taking the stock up ~7% to test 5-month highs.
Megaport (MP1) tumbles more than 10% after completing its $308mn retail entitlement offer.
Australian tourism stocks gain after the government lowered its travel advice for some Middle Eastern countries.
REA Group fell the most in 4-months this morning after being cut to a sell at Bell Potter with $137 PT.
BHP extended its recent rally, approaching $65 as growing optimism around copper demand continues to drive buying across the sector.
