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<WIRE> Tian An Australia (ASX:TIA) Announces Anticipated Cost of Chatswood Project To Be Around A$300 Million

Tian An Australia (ASX:TIA) recently disclosed further details regarding its Chatswood project.

It is estimated that the overall cost for this undertaking will be approximately A$300 million.

The project is expected to undergo a design competition, with the completion timeline set for 2027.

Tian An Australia is a real estate investment and development company that operates within the Australian market.


<WIRE> Vmoto Acquires Strategic Soco Shanghai Patents for RMB13.5 Million

Vmoto (ASX:Vmoto) has purchased strategic patents from Soco Shanghai, with a total cash consideration of RMB13.5 million.

The acquisition will be funded from Vmoto’s existing cash reserves.

This strategic purchase is designed to de-risk the company’s international growth strategy.

Vmoto’s Nanjing manufacturing branch has successfully bid to acquire these patents for various models of Super Soco Intelligent Technology (Shanghai).

The transfer of ownership for these patents is expected to conclude in November, 2023.

Vmoto is a global electric scooter manufacturing company headquartered in China and traded on the Australian Stock Exchange.


<WIRE> OD6 Metals (ASX:OD6) Gains on Rare Earth Find at Western Australia Project

Shares of OD6 Metals (ASX:OD6) have seen an increase of up to 9.4%, reaching a price high of A$0.175; this is the highest level the shares have seen since September 14.

The increase followed the company’s announcement of the intersection of total rare earth oxides (TREO) at its Splinter Rock Project located in Western Australia.

The company believes that these results hint at a considerable potential for resource expansion.

Despite this, the company’s stock has fallen by 51.5% year-to-date, as of its last closing time.

OD6 Metals is a mineral exploration company focused on the discovery and development of TREO.



<WIRE> Bridge SaaS (ASX:BGE) Rises on Capital Raise at Premium

Shares of Australia’s Bridge SaaS (ASX:BGE) saw an impressive rise of 19.05% to A$0.025, their highest since September 15th.

The company announced a capital raising of A$2.7 million at an issue price of A$0.03 per share, representing a premium of 43% to the stock’s last closed price.

Bridge SaaS also received commitments from its cornerstone investor Proceso One, to raise an additional A$312,000 before costs.

The freshly raised funds will be allocated towards the development of the national disability insurance scheme product and employment services product.

However, it’s worth noting that as of the last close, the stock was down 88% since its listing on October 3rd, 2022.

Bridge SaaS is an Australian company primarily engaged in the provision of software services.


<WIRE> Macquarie Upgrades Price Target on Sims (ASX:SGM) After LMS Energy Sale

Macquarie recently updated the price target for Sims following the sell off of its 50% share in LMS Energy.

The sale provides investment capital that will reportedly facilitate further consolidation in the metal business.

The metal recycling firm, Sims, made the announcement of its sale to Pacific Equity Partners for A$272.1 million, achieving a solid valuation at an implied 18.8x trailing EV/EBIT, consistent with its peers.

According to the brokerage, Sims shares took a hit, falling as much as 2.8% to A$13.64, which represents their biggest percentage loss since September 12.

Among analysts, 2 rate the stock as a ‘buy’, 7 as ‘hold’, and 4 as ‘sell’; their median price target stands at A$14.55, as per LSEG data.

Despite this drop, Sims stock has risen 7.2% this year as of their last close.

Sims (ASX:SGM) is a metal recycling company that focuses on the buying, processing, and selling of ferrous and non-ferrous recycled metals.


<WIRE> Suncorp (ASX:SUN) and Insurance Australia Group (ASX:IAG) Well-Positioned During El Niño, According to Morgan Stanley

Morgan Stanley notes that Australian insurers Suncorp (ASX:SUN) and Insurance Australia Group (ASX:IAG) are well-positioned due to predicted lower catastrophe losses because of dry weather.

Catastrophe losses in Australia are generally 40% less in El Niño years compared to La Niña years, which should positively impact motor claims as well.

El Niño, La Niña’s counterpart, is a weather pattern characterized by warmer temperatures, decreased rainfall, and a reduced risk of cyclones.

It may also be bolstering the insurers' standings.

The brokerage points out that these companies are being traded on undemanding multiples and have seen positive earnings per share revisions.

Shares of Insurance Australia Group have fallen 0.9%, while Suncorp has seen a decline of 0.7% so far.

Suncorp (ASX:SUN) is a top Australian insurance, banking, and finance corporation.


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<WIRE> Galan Lithium (ASX:GLN) Drops to 2-Year Low; No Success in Greenbushes Drilling

Galan Lithium (ASX:GLN)’s shares experienced a downturn of as much as 4.6% to A$0.620, marking their lowest level since May 2021.

The Australian lithium explorer saw its worst intraday percentage drop since September 18.

Galan Lithium reported that recent drilling at its Greenbushes South project has yet to discover any lithium mineralisation.

The company is also developing additional targets for its forthcoming drilling campaign.

As of the last close, the company’s stock has declined 39.2% year-to-date.

Galan Lithium is a lithium exploration company based in Australia.


<WIRE> Endeavour Group (ASX:EDV) Hits Record Low as Competition Watchdog Raises Concerns on Deal

The Australian Competition and Consumer Commission raised concerns on the proposed acquisition of Rye Hotel by Endeavour Group (ASX:EDV).

There are fears that the planned purchase could result in a substantial decrease in competition in the local Rye area for takeaway liquor.

The impact of the proposed acquisition on the competitiveness of other stores operating under the Thirsty Camel brand is also being reassessed by the commission.

The Endeavour Group’s shares (ASX:EDV) have fallen by around 18% this year.

Endeavour Group (ASX:EDV) is a leading company in the hospitality industry.



<WIRE> Rhythm Biosciences (ASX:RHY) shares rise sharply on encouraging study results for breast cancer diagnostics

Shares of medical diagnostics company Rhythm Biosciences (ASX:RHY) witnessed a surge as high as 15% to A$0.345, marking their notably rise in intraday percentage gain since 23rd August.

The stock is now at its highest level since 15th September, according to recent changes.

Rhythm Biosciences (ASX:RHY) announced preliminary results from its Agilex Stage 1 study, which showed promising outcomes.

It was able to identify four biomarkers, combinations that can effectively differentiate between breast cancer patients and healthy individuals, delivering a sensitivity of 83% and a specificity of 90%.

In the wave of this announcement, nearly 455,500 shares were traded, a significant push compared to the 30-day average volume of 177,596.

Despite a 69.7% decline in stock value year-to-date, as of the last closing, it competed against the 1.7% rise in the benchmark S&P/ASX 200 index.

Rhythm Biosciences (ASX:RHY) is a company that specializes in medical diagnostics.


<WIRE> Transurban (ASX:TCL) Nears One-Year Low Following Blocked Purchase of Horizon Roads

Shares for toll road operator, Transurban (ASX:TCL), dipped by 3.6% to A$12.66, marking their lowest point since October 2022.

This dramatic slide in price has occurred in response to Australia’s competition regulator preventing the company from acquiring a majority stake in Horizon Roads, the operator of the EastLink toll road in Melbourne.

Previous local media reports had estimated the value of this deal at A$2 billion.

Transurban (ASX:TCL) is considering its next steps and might review its decision.

RBC Capital Markets, unperturbed by the immediate economic effect, suspects that this move could have a negative impact in the long term.

The capital market firm has tagged Transurban (ASX:TCL) ‘sector-perform’ with a price target of A$14.75.

Now, the company’s stock is on track for its worst day in a month and has slipped 2.5% for the year after successive drops in the last three sessions.

Transurban (ASX:TCL) is a company that operates toll roads.