In today’s briefing:
- Webjet Group Faces Potential Takeover Amidst Interest from BGH Capital, Helloworld, and International Giants
- [IO Fundamentals 2025/22] PMI Data Divergence and Declining IO Inventories
- [IO Technicals 2025/23] Bearish Momentum Persists
Webjet Group Faces Potential Takeover Amidst Interest from BGH Capital, Helloworld, and International Giants
- BGH Capital and Garry Weiss hold an 11% stake in WJL, acquired at A$0.80/share, and submitted a rejected offer at the same price.
- Helloworld increased its stake in WJL to 15%, purchasing shares at A$0.85 and A$0.89/share, and proposed a merger.
- WJL suspended its share buyback program amid takeover interest, and instructed advisors to explore alternative buyers.
[IO Fundamentals 2025/22] PMI Data Divergence and Declining IO Inventories
- China’s NBS manufacturing PMI edged up to 49.5 in May, while Caixin PMI dropped sharply to 48.3 signaling the first contraction in 8 months.
- China’s industrial profits stagnated in April 2025, highlighting persistent challenges from weak demand, trade war tensions, and deflationary pressures.
- Iron ore inventories continued to decline amid slowing shipments and softer blast furnace demand, signaling ongoing destocking.
[IO Technicals 2025/23] Bearish Momentum Persists
- Iron ore supply remains steady despite falling Australian exports and surging Brazilian shipments. However, weak Chinese property demand continues to cloud the market outlook.
- Analysts at Singapore Ferrous Week trimmed 2025 iron ore surplus forecasts to 20–30 million tons, citing resilient demand, rising steel exports, and Australian supply disruptions.
- Prices remain below key moving averages, signalling downside momentum, while the MACD staying under its signal line reinforces the ongoing bearish outlook.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
