Source: Kapitales Research

Highlights:

• Infratil jumped after CDC secured a record 555MW data centre contract with a major US customer
• Downer EDI gained as its ongoing share buy-back program signalled confidence in capital management
• Liontown rallied on strong lithium pricing, positive cash flow, and accelerated underground mining progress

Australian and New Zealand-listed stocks delivered strong gains on Tuesday, with investors rewarding companies tied to digital infrastructure, disciplined capital management, and improving commodity markets. Infratil Limited (ASX: IFT) led the move higher, climbing more than 12% after announcing a landmark agreement through its data centre business, CDC. The company revealed CDC had secured a 555-megawatt contract with a high-end US investment-grade customer, described as the largest data centre deal in Australian history.

Infratil Rallies on Massive Data Centre Deal

The long-term agreement is expected to support CDC’s growth trajectory through FY28 and FY29, lifting total contracted capacity beyond one gigawatt. The agreement reflects accelerating worldwide investment in artificial intelligence systems and expanding demand for large-scale cloud and data storage infrastructure. Infratil said the deal strengthens Australasia’s position as a preferred destination for large-scale computing operations due to stable energy access and growing renewable infrastructure. The company also expects CDC’s EBITDAF to exceed A$1 billion in FY28 as new capacity becomes operational. Investors appeared encouraged by the scale of the contract and the broader outlook for data centre demand, particularly as AI-related investment accelerates globally.

Downer EDI Gains Amid Buy-Back Activity

Engineering and infrastructure group Downer EDI (ASX: DOW) also moved higher after releasing an update on its on-market share buy-back program. The company disclosed that more than 10 million shares had already been repurchased, including over 81,000 shares bought back on the previous trading day. The buy-back program, which runs through June 2026, is often viewed by investors as a sign management believes the company’s shares remain undervalued while also improving shareholder returns.

Liontown Climbs as Lithium Market Improves

Liontown Limited (ASX: LTR) extended gains after presenting strong operational and financial progress at the Macquarie Australia Conference. The lithium producer reported its first quarter of positive net cash flow and revealed cash holdings had increased to AU$424 million. The company also achieved its 1.5Mtpa underground mining run-rate target ahead of schedule while benefiting from an 87% quarterly rise in realised lithium prices. The update reinforced optimism that improving lithium demand and tighter market conditions could support further growth across the battery materials sector.

Note- All data presented is based on information available at the time of writing.

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