-- CZR Resources (ASX:CZR) appointed Milan Jerkovic as acting chief executive, effective Thursday, May 7, according to a Friday Australian bourse filing.
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Asia
Japanese Stocks Slide as Renewed Middle East Tensions Stoke Energy Supply Fears
Japanese shares fell during the opening session on Friday, as rising tensions in the Middle East revived worries about energy supplies.The Nikkei 225 dropped 179.83 points, or 0.3%, to start the day at 62,654.01.Brent crude surged to over $100 per barrel, amid concerns of a prolonged shutdown of the strategic Strait of Hormuz.On the domestic front, Japanese workers' real wages rose for the third consecutive month in March, which will influence the Bank of Japan's future rate hike decision.Inflation-adjusted wages increased by 1% compared with a year earlier, easing from a revised 2% gain in February, according to a labor ministry report on Friday.The reading marked the first time since 2021 that real wages have climbed for three straight months.
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Research
Research Alert: CFRA Maintains Hold Opinion On Healthpeak Properties, Inc
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target by $2 to $21, reflecting a forward P/FFO of 12.0x our 2026 FFO estimate, a discount to DOC's three-year forward average (10.6x) as headwinds in Lab are likely to continue in 2026 mixed with capital recycling plans early in the year. We lower our 2026 FFO view by $0.02 to $1.75 and increase 2027's by $0.02 to $1.82. DOC successfully executed the IPO of Janus Living, which now trades at a premium multiple relative to DOC. We believe this will accelerate JAN's acquisition ability in the senior housing market. The most surprising note from management was that it sees the lab space likely to grow occupancy by the end of 2026. This is strong outperformance relative to the largest lab focused operator Alexandria Real Estate Equities, with DOC guiding for a 100-bp improvement this year. Boston continues to be the market with the largest oversupply of lab space, but the West Cambridge location specifically is seeing strong demand currently.
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Asia
SKS Technologies Group Lifts CBA Guarantee Facility to AU$48 Million; Shares Hit Record-High
SKS Technologies Group (ASX:SKS) secured approval from Commonwealth Bank of Australia (ASX:CBA) for an additional AU$20 million in bank guarantees, expanding its total guarantee facility to AU$48 million and overall banking facilities, including equipment financing, to AU$52 million, according to a Friday filing with the Australian bourse.The company's bank debt capacity increased 6.5 times within less than four years, per the filing.The expanded funding supports the company's organic growth strategy, which has driven strong expansion since fiscal 2023, with work on hand increasing more than nine times to AU$355 million and the tender pipeline reaching about AU$1.25 billion, the filing added.SKS Technologies' shares rose around 7% in recent Friday trade and earlier hit a record high. Commonwealth Bank of Australia's shares shed 1%.
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