Australasian Equities

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Australasian Equities

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Taking Australia’s Largest Ports Operator Off the Stock Exchange Macquarie Group is taking Qube Holdings, Australia’s largest ports and rail logistics operator, off the stock exchange in a A$11.7 billion deal assembled with pension funds and sovereign wealth investors from Singapore, the United States and Spain. Shareholders approved the transaction on 16 June with 97.7% in favour, paying a 28% premium to where Qube shares traded before the bid was announced. Final court approval is expected in early July. The deal

Sonic Healthcare

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Selling the Building, Keeping the Compounding Australian healthcare has been the worst sector on the local market over the past year, as former high-flyers like CSL and Cochlear were brutally punished after underwhelming updates in early 2026. Although Sonic Healthcare has outperformed the broader sector, this is little solace as the stock has fallen about 13% YTD and by 26% over the past twelve months. It is down about a third from its 52-week high, trading near multi-year lows, on a

Woodside Energy

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Tightening Its Grip on Australia’s Largest Undeveloped Offshore Gas Field Woodside Energy (ASX: WDS) has moved to increase its stake in Browse, Australia’s largest undeveloped offshore gas field, paying US$225 million upfront for an additional 10.67% interest, with a further US$175 million payable only if the project receives a construction go-ahead by mid-2032. The deal deepens Woodside’s control over a resource that could supply gas to Asian markets for decades. Separately, the company firmly denied any takeover discussions with ExxonMobil, removing

Elders

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Feedlot Sells for 4x Book Value Elders (ASX: ELD) is selling a large cattle feedlot in New South Wales for A$195.8 million after receiving all government approvals. The sale completes on 30th June and will be used to pay down debt, bringing borrowings back to a more comfortable level following last year’s A$475 million acquisition of the Delta Agribusiness. Elders is refocusing on advisory and agency services rather than owning physical agricultural assets. The earnings impact of the sale is modest, and the

ANZ Banking Group

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The Pivot Toward Wealth Management and Insurance ANZ (ASX: ANZ) CEO Nuno Matos is steering the bank away from heavy reliance on home lending and toward wealth management, insurance and business banking. Planned government tax changes from July 2027, including tighter rules for property investors, are expected to slow mortgage market growth from around 8-9% to 5-6% annually. In response, ANZ is rebuilding its presence in financial advice and insurance products, areas it largely exited a decade ago. Thousands of managers are also having their bonuses tied

QBE Insurance

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Australia’s Most Valuable Insurance Brand QBE (ASX: QBE) continues to build on a strong annual result, where the global insurer achieved the highest return on equity in over a decade at 18.2%. Premium rates remain ahead of claims inflation across most business lines. Catastrophe claims for early 2026 are tracking well below internal budgets, and QBE has retained its position as Australia’s most valuable insurance brand. Global operations across North America, Europe and Asia-Pacific provide diversification that reduces reliance on any single market. The earnings quality

Northern Star

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Sitting on a Gold Mine Northern Star (ASX: NST) has reported a 26% increase in its total gold resource estimate to 88.9 million ounces and a 27% rise in confirmed mineable reserves to 28.4 million ounces, driven by strong results at its flagship Western Australian operations and a newly acquired Pilbara deposit. Shares jumped 8% on the announcement. However, activist investor Elliott Management has built a stake of around 4%, pushing for strategic changes including a possible sale. The board has

Praemium

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Going AI Praemium (ASX: PPS) is in the middle of replacing its core operating platform with a new system built using AI capabilities acquired through the purchase of technology firm Technotia. The technology team has been cut from over 140 staff to around 40, targeting A$9 million in annual salary savings. Meanwhile, a customer launch is planned for later in 2026, with migration running through the rest of the year. In our last tech update on the 23rd of April, we noted that “Praemium continued to consolidate constructively above the primary uptrend,

About these archived stock reports

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