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Boustead Singapore Shares Ease 1.1% on Cyber Breach; Key Details Omitted
Boustead Singapore shares slipped 1.1% after a cyber incident at an overseas unit. Critical systems were restored, but key details like the unit and costs remain undisclosed.
Suntec REIT Dips on Australian Asset Sale Plan
Suntec REIT slipped 0.7% after unveiling plans to sell three Australian offices valued at S$1.04B, a move that could reduce leverage but sacrifices fully occupied assets.
Lenovo Stock Pulls Back 4.7% After Record Rally, AI Server Margins in Focus
Lenovo shares dropped 4.7% on Monday after a record-setting rally, raising questions about AI-server margin sustainability. The stock remains 14.7% above its September 15 close.
Australia's 40-Year Outlook: Slower Growth, Higher Spending Weigh on ASX
Australia's latest Intergenerational Report forecasts slower population and GDP growth over 40 years, while government spending rises. The ASX 200 barely moved, but rate hike odds remain high.
Walmart Faces Rising Liability Costs After Fatal Norfolk Incident
A fatal June incident at a Norfolk Walmart has renewed focus on rising liability costs for the retail giant, though police have not charged Walmart. Shares closed at $106.73.
Helloworld's A$135M Crown Currency Buy Raises Debt and Dilution Alarms
Helloworld Travel's A$135M acquisition of Crown Currency Exchange, funded by debt and vendor shares, raises debt and dilution concerns for investors.
Perpetual Shares Tumble 14% as EQT Takeover Bid Fails
Perpetual shares dropped 13.98% to A$16.86 after the board rejected EQT's A$22.50 final bid. Investors await Bain wealth sale closure and standalone performance.
Facebook Users Report Global Access Issues; Meta Dashboard Shows No Disruption
Facebook users across nine countries reported access issues on Sunday, but Meta's business dashboard showed no service disruptions. Meta shares closed at $665.75 on Friday.
Ingenia Shares Rise 2.3% as Board Rejects Warburg's Sweetened $5.05 Bid
Ingenia shares rose 2.3% after its board rejected Warburg Pincus's revised A$5.05 cash offer, which hinges on abandoning the Peet acquisition. The stock trades 14.3% below the bid price.
Ramelius Shares Surge 7.5% on Raised FY30 Gold Production Target
Ramelius Resources (ASX:RMS) jumped 7.5% after raising its FY30 gold output target to 560,000-610,000 ounces, with growth capex planned at A$480-570 million.
KOSPI Climbs Above 7,000 Before Retreating; Brokerage Targets Signal Modest Upside
KOSPI briefly reclaimed 7,000 on Samsung-led gains, but broker targets suggest limited upside. Samsung shares rose 3.26%, while SK hynix added 0.27%.
Telix Shares Dip 3% on $1.65B ITM Acquisition
Telix Pharmaceuticals fell 3% after agreeing to acquire ITM for $1.65B in stock, issuing 105.8M shares. The deal adds isotope manufacturing and $273M revenue.