Mayank Bansal, CFA
Mayank Bansal is a CFA Charterholder and heads the Equity Research team at Kapitales Research, with over 5 years of experience analysing global equity markets. He leads fundamental, data-driven research combining rigorous financial analysis with macro trends.
3 ASX Stocks Rally on Quarterly Growth, Strong Earnings and Corporate Updates
Highlights:
Three ASX-listed companies attracted investor attention on Tuesday, 27 October 2026, as their share prices recorded notable gains. Developments included improved quarterly financial performance, continued strength in engineering services and updates on corporate governance. The announcements provide investors with fresh information about business performance, financial positioning and upcoming priorities.
Stocks in Focus:
Southern Cross Electrical Engineering Reports Shareholder Support
Southern Cross Electrical Engineering Limited announced the results of its Annual General Meeting on 27 October 2026. Shareholders approved all seven resolutions presented, including the adoption of the remuneration report, the re-election of directors Paul Chisholm and Michael McNulty, and the ratification of a previous share issue. Investors also approved the company’s senior management long-term incentive plan and the issue of performance rights to Managing Director Graeme Dunn for the 2026/2027 financial year. Separately, the company disclosed the issue of 162,237 FY27 performance rights to Dunn following shareholder approval. In his AGM address, Chairman Karl Paganin highlighted record FY26 underlying EBITDA of AU$77.0 million, up 40.5% year on year, and a record order book of AU$810 million entering FY27. The company also raised its FY27 EBITDA guidance to at least AU$110 million following its planned acquisition of Entire.
The Star Entertainment Returns to Positive EBITDA
The Star Entertainment Group Limited reported improved financial performance for the first quarter of FY27 in an announcement dated 27 October 2026. Group revenue reached AU$284 million for the quarter ended 30 September 2026, increasing 8% from the preceding quarter and 2% from the corresponding period last year. Group EBITDA was AU$12 million, representing a AU$25 million improvement compared with the prior corresponding period, when the group recorded a loss of AU$13 million. Combined revenue from The Star Sydney and The Star Gold Coast rose 9% quarter on quarter to AU$279 million. The company also reported positive operating free cash flow before one-off items. Meanwhile, Brisbane’s managed resort recorded AU$37 million in EBITDA before operator fees, nearly three times the prior corresponding period. The results indicate improved operating momentum, although the group continues to face financial and operational challenges.
GR Engineering Services Highlights Strong Annual Performance
GR Engineering Services Limited reported solid FY26 results in its 2026 Annual Report. For the year ended 30 June 2026, revenue increased to AU$493.2 million from AU$479.0 million in FY25, while EBITDA rose to AU$63.1 million from AU$57.2 million. The company also highlighted more than AU$1.0 billion in new contract wins since 1 April 2026 and forecast FY27 revenue of AU$825 million to AU$850 million. Its contracted pipeline benefited from project awards across mining, resources and energy. The group’s businesses include engineering, production services and process control solutions, supporting its exposure to multiple industries. GR Engineering also reported a lower total reportable injury frequency rate of 2.81 for FY26, compared with 4.74 a year earlier.
Outlook
The latest announcements highlight different drivers behind the three share-price gains, from stronger quarterly earnings to engineering activity and shareholder-approved initiatives. Investors may continue monitoring financial results, contract execution and management guidance to assess whether the positive momentum can be sustained.
Note: All data presented is based on information available at the time of writing.
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