AGP Executive Report
Last update: 2 hours agoM&A Watch: Austal shares jumped after Wildcat Infrastructure tabled a higher, non-binding bid for Austal USA, valuing the US shipbuilder at US$1.25–1.35b (cash-free, debt-free), lifting pressure on Hanwha’s earlier offer and setting up a competitive process. Energy Transition & Data Centres: EnergyAustralia says coal plant sites could become “ready-made” hubs for hyperscale AI data centres, pitching Yallourn’s retirement in 2028 and Mt Piper’s later shutdown as fast-track grid and water access. Market Pulse: ASX sentiment steadied as copper and iron ore firmed, while oil hovered near US$100 amid Gulf tensions—supporting energy and resources stocks but keeping rate worries front of mind. BESS & Renewables Buildout: Australia’s NEM battery fleet reportedly earned AU$29m in August as capture rates climbed, while multiple battery optimisation and solar-plus-storage projects continue to progress. Critical Minerals: Lynas posted a sharp earnings improvement, reinforcing rare earth supply-chain focus as governments and manufacturers chase resilience. Industrial Risk: Coal workers in WA’s Premier Coal dispute are set for strike action, raising the risk of disruption around Synergy’s Muja and Collie power plants.
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