Macquarie Group Limited ASX: MQG bank, serwis finansowy, asset management, commodity trading, leasing

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wykres
https://finance.yahoo.com/chart/MQG.AX
https://www.investing.com/equities/macquarie-group

Macquarie Group Limited ASX: MQG - is an Australia-based global financial services company. The Company operates in asset management, retail and business banking, wealth management, leasing and asset financing, market access, commodity trading, renewables development, specialist advice, access to capital and principal investment. Its segments include Macquarie Asset Management (MAM), Banking and Financial Services (BFS), Commodities and Global Markets (CGM) and Macquarie Capital.

https://en.wikipedia.org/wiki/Macquarie_Group
https://www.macquarie.com/pl/en.html

dywidendy:
https://www.dividendmax.com/australia/a ... /dividends
https://www.investing.com/equities/macq ... -dividends

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SYDNEY (Reuters) - Macquarie Group (OTC:MQBKY)'s commodities and global markets (CGM) division head earned about A$57.6 million ($39 million) for the year ending March 31, topping the CEO's A$32.8 million compensation, according to the Australian bank's annual report.

Nick O'Kane's 59% pay bump - he earned A$36.2 million in the last financial year - came after CGM contributed 57% of the Sydney-based firm's net profit, more than double the second-best asset management division.

Macquarie posted another record annual profit on Friday, primarily driven by a strong performance from the CGM division, as more customers hedged against volatile energy markets.

The Ukraine war and unpredictable weather in North America boosted commodity prices during the period, and turned Macquarie's oil, gas and power trading unit into a profit powerhouse because of elevated risk management and improved trading.

"Inventory management and trading increased substantially, driven by trading income from regional supply and demand imbalances primarily in North American gas and power markets." Macquarie said in its statement.

Chief Executive Shemara Wikramanayake said while the company remained "cautious", Macquarie's diversified global operation across annuity-style and markets-facing businesses set the stage for "superior performance" in the medium term.

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(Reuters) -Australia's Macquarie Group (OTC:MQBKY) on Friday forecast higher short-term income from its lucrative commodities trading business as price volatility and increased hedging boosted the company's annual profit to a record high.

The Ukraine war and unpredictable weather in North America have turned Macquarie's oil, gas and power trading unit into a strong profit-making segment, even if prices fall, due to elevated risk management levels and improved trading.

The Sydney-based firm's Commodities and Global Markets (CGM) segment posted net profit of about A$6 billion ($4 billion), 54% higher than last year, as more customers hedged against volatile energy markets.

In the short term, the company expects consistent contributions from client and trading activity in the financial markets platform.

Shares of Macquarie were down 1.36%, compared to a broader market decline of about 0.2%.

"Record result, CGM THE standout but question marks on its sustainability," UBS analyst John Storey said in a note.

Earnings at Macquarie Capital, which runs capital raisings for other businesses, tumbled 47% as the unit logged lower fees due to bleak market activity.

Macquarie said in a statement that the earnings were primarily driven by a strong performance from its CGM’s businesses.

Chief Executive Shemara Wikramanayake said the company remained "cautious", adding that Macquarie's diversified global operation across annuity-style and markets-facing businesses set the stage for "superior performance" in the medium term.

The company's broader international business generated 71% of the group's profit.

The financial conglomerate's profit attributable for the year ended March 31 came in at A$5.18 billion, up from A$4.71 billion a year ago, and beating a Visible Alpha consensus estimate of A$4.96 bln.

It also bumped up its final dividend to A$4.50 per share from A$3.50 per share a year earlier.

Speaking at an investor briefing, Wikramanayake said the company was "very comfortably capitalised" with a group capital surplus of $A12.6 billion, up from $A10.7 billion in the previous financial year.

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HONG KONG/SINGAPORE (Reuters) - U.S. private equity group KKR & Co (NYSE:KKR) Inc and Australia's Macquarie Asset Management are among potential bidders for the waste and recycling management arm of Singapore's energy group Sembcorp in a deal that could value the unit at around $500 million, said two sources with knowledge of the matter.

Sembcorp, which is 49.3% owned by Singapore's state investor Temasek Holdings, has hired HSBC to run the sale of SembWaste, according to the sources. HSBC declined to comment.

First-round of non-binding bids are due by early June, said one of the sources, declining to be named as the matter is private.

Last year, SembWaste's earnings before interest, taxes, depreciation, and amortization was S$50 million ($37.75 million), one of the sources added.

Potential bidders also include global infrastructure investment manager I Squared Capital, the sources added.

KKR and Macquarie Asset declined to comment. Sembcorp and I Squared Capital did not immediately respond to requests seeking comment.

The sale comes at a time when many cities in Southeast Asia need more investment in the waste management sector, due to their rapid growth in population and a shift towards both greener and cleaner energy and environment.

Last year, Singapore's asset manager Keppel (OTC:KPELY) consortium bought a 80% stake in environmental services firm 800 Super Holdings for S$304 million.

SembWaste is one of three public waste collectors appointed by Singapore's National Environment Agency to provide waste and recyclable collection services to residential, schools and trade premises in the city-state, according to its website.

Besides SembWaste, Singapore-listed Sembcorp is also involved in renewable energy businesses and has a balanced energy portfolio of 17.2 gigawatt, with 10.3 gigawatt of gross renewable energy capacity comprising solar, wind and energy storage globally, according to its website.

Shares of Sembcorp have surged 36.5% year-to-date, beating the local benchmark stock index's 0.2% rise. It commands a market value of $6.2 billion, according to Refinitiv data.

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(Reuters) -Big investment firms including Macquarie, Fidelity, Tiger Global and Coatue were among the largest buyers of U.S. listed shares of Taiwanese contract chipmaker TSMC in the first quarter, while Warren Buffett's Berkshire Hathaway (NYSE:BRKa) sold its remaining stake in the company, according to regulatory filings.

Berkshire said in February it had reduced its position in Taiwan Semiconductor Manufacturing Co Ltd. On Monday, the company said it shed its remaining stake.

During Berkshire's annual meeting earlier this month, Buffett said TSMC is a "marvelous company," but that he felt more comfortable with investing in Japan than Taiwan, reflecting the growing tensions between the United States and China.

The so-called 13-F filings, which disclose investment firms' portfolios, are closely watched for trends even though the data is released with a delay and can be dated.

Macquarie added roughly 78 million new American Depositary Shares (ADRs) of TSMC to an existing position, and ended March with $7.3 billion in the company. Fidelity bought 14.1 million new shares, increasing its bet on the company to nearly $4 billion.

Coatue Management, founded by Philippe Laffont, built a new position in the chipmaker as it bought 5.9 million shares, worth $548.9 million. Tiger Global Management acquired $147.8 million in shares.

U.S.-listed shares of TSMC have gained nearly 14.5% this year.

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MILAN (Reuters) - Australian fund Macquarie is raising legal hurdles over a plan backed by Italy's Treasury for state lender CDP to join forces with U.S. fund KKR in a deal to buy Telecom Italia (BIT:TLIT)'s landline grid (TIM), three sources said on Monday.

TIM directors have set a final deadline of June 9 for potential improved offers by the U.S. private equity firm and a rival consortium comprising CDP and Macquarie, worth 21 billion euros ($23.1 billion) and 19.3 billion euros respectively.

Telecom Italia has deemed both inadequate.

People familiar with the matter told Reuters this month the Treasury would welcome CDP joining forces with KKR for TIM's prized grid, with one source saying the ministry was pushing for CDP to drop its separate proposal.

But Macquarie is now raising legal issues about a possible alliance between CDP and KKR, three sources close to the matter told Reuters on Monday.

CDP and Macquarie are co-investors in Open Fiber, a smaller rival to TIM.

According to the sources, some clauses included in the Open Fiber shareholder pact could give the Australian fund some leeway to complicate any CDP decision to drop the alliance with Macquarie and join KKR's proposal.

One of them said Macquarie was aiming to improve its offer with CDP ahead of the June 9 deadline.

A source close to CDP said the state lender was still working with Macquarie to respond to some clarifications Telecom Italia had requested over its latest offer, adding no decision has been taken yet.

Separate sources with knowledge of the matter had said this month KKR had expressed its willingness to work further on its bid.

The sale of TIM's most valuable asset is the main option for the phone group to cut its cash-bleeding company's 26 billion euro debt pile.

Prime Minister Giorgia Meloni's administration will a have a say on any deal as Rome can use its so-called "golden power" regulation to set conditions or block attempts to take over strategic assets such as TIM's network.

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Macquarie to divest U.S. port terminal operator Ceres

(Reuters) -Australian financial conglomerate Macquarie Group (OTC:MQBKY) said on Thursday it would divest its U.S.-based port terminal operator Ceres Terminals, with a source familiar with the matter placing the deal value north of $900 million.

Macquarie did not disclose any further details on the deal, and declined to comment on Reuters' request seeking confirmation of the sale value.

The Wall Street Journal in May reported that Macquarie was looking for about $1 billion from the sale, citing sources familiar with the matter.

The deal value could be at the lower end of what the Wall Street Journal reported, the source said.

Macquarie Infrastructure Partners III (MIP III), a fund managed by the financial conglomerate's asset management arm, acquired full control of the general cargo stevedoring operations in 2019 from Tokyo-based shipping and logistics firm Nippon Yusen Kaisha.

MIP III will sell the terminal to American marine terminal operator Carrix. However, Ceres Terminals Jacksonville and Intermodal Container Transfer Facility in Jacksonville, managed by Ceres, will not be a part of the deal. They will continue to be owned by MIP III, Macquarie said.

"We all look forward to the next chapter of growth with Carrix... confident that the combination will continue to serve our customers, employees and other stakeholders well," Ceres Terminals CEO Craig Mygatt said.

Shares of Macquarie were trading 1.1% higher as of 0255 GMT, heading for their third straight session of gains.

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Macquarie flags lower quarterly profit as commodities arm flounders

(Reuters) - Australian investment bank Macquarie Group (ASX:MQG) (OTC:MQBKY) on Thursday flagged a "substantial" fall in April-June profit, as weaker trading conditions hurt its crucial commodities business.

Its shares fell after the announcement by 5.2% to A$173.55 - its biggest intraday percentage drop since mid-June last year.

"Weaker trading conditions saw Macquarie's Operating Groups deliver 1Q24 net profit contribution that was substantially down on the first quarter" a year prior, said CEO Shemara Wikramanayake.

Macquarie's Commodities and Global Markets (CGM) unit, its biggest earner, has for several years cashed in on increasing hedging activity amid volatility in oil and gas markets. That had driven the Sydney-based firm's annual earnings to a record A$5.18 billion ($3.53 billion) in fiscal 2023 ended March.

But hedging demand has diminished compared to last year as prices of oil, gas and other commodities settled into relatively steady ranges.

Macquarie's other businesses also took a hit in the quarter. Its asset management arm struggled due to lower income from green energy investments, while Macquarie Capital, which runs capital-raising exercises for other companies, was also weaker.

"While early in the year, it is clear that observable lower commodity volatility and deal flow are weighing on earnings," Citi Research analysts said in a client note.

"We believe it is too early to be definitive on how commodity volatility will evolve in the coming Northern Hemisphere winter, but it is clear that higher cash rates globally is slowing economic activity."

Macquarie's banking and financial services arm was an outlier, with its contribution to overall earnings rising on the back of growth in its loan portfolio.

While Macquarie did not disclose a profit figure in its quarterly update, Citi Research had expected first-quarter earnings of around A$1 billion ($680.90 million). The analysts noted, however, that Macquarie's earnings may have come in below that.

At the end of the quarter, Macquarie's capital surplus stood at A$10.8 billion.

($1 = 1.4686 Australian dollars)

https://www.investing.com/news/stock-ma ... ip-3135299

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Australia's fifth-largest bank, Macquarie Bank (ASX:MQG), announced on Wednesday that it would begin phasing out all cash, cheque, and phone payment services in its 80 branches from January 2024. The move is part of a broader transition to digital-only transactions. By November 2024, all in-branch cash transactions will be discontinued.

The bank stated that between January 2024 and November 2024, it would phase out cash and cheque services across all Macquarie banking and wealth management products, including pension and super accounts. New checkbooks for new cash management accounts, including any linked Macquarie Wrap accounts, will be the first to go in January.

In March 2024, the automated telephone banking service will be shut down, making it impossible to make payments over the phone. By May 2024, depositing or withdrawing cash or cheques over the counter at Macquarie branches will no longer be possible. Additionally, ordering checkbooks for existing accounts will also be discontinued from May.

In November 2024, writing or depositing cheques, including bank cheques, will no longer be possible. Superannuation contributions or payments using cheques will also cease. Depositing or withdrawing cash over the counter at NAB branches will also become unavailable for the bank's customers from November.

However, customers can continue to withdraw cash from their transaction account via ATMs across Australia and overseas without fees. Cash deposits and branch withdrawals will no longer be available.

Macquarie Bank has over one million retail customers and a market capitalization of just under $69 billion. It is known for its focus on asset management rather than retail banking but still offers valuable retail banking services such as car and home loans, and savings and transaction accounts.

The announcement has sparked a mixed reaction among customers and consumer advocates. Some have voiced concerns over the implications of a cashless society, especially for those who still rely on cash transactions.