Australia's Maas Group set for best week since mid-April on raised forecast
07/08/2026 07:04
BUZZ-Australia's Maas Group set for best week since mid-April on raised forecast ** Shares of Australia's Maas Group MGH.AX up 10.8% so far this week, set for best week since mid-April
** Stock rises 0.3% on the day to A$5.495
** Industrial service and real estate business on Tuesday raised FY26 group underlying EBITDA forecast to A$300 million-A$310 million ($210.78 mln-$217.81 million)
** Co also announced agreement to acquire a further A$300 million of Firmus shares at A$230 each
** Stock up 1% YTD, including session's moves
($1 = 1.4233 Australian dollars)
(Reporting by Subhalakshmi Dey in Bengaluru)
Recent news on MAAS group
See all newsBrief: Maas Group Receives A$1.61 Billion On Completion For Sale Of Construction Materials Business
Australia's Maas logs best day in nearly a month on receiving $1.11 billion for construction business sale
Australia's Maas Group slumps nearly 10% after Firmus pulls plug on IPO plan
Australia's Maas Group slumps nearly 10% after Firmus pulls plug on IPO plan
Australian shares rise on broad gains; Firmus shelving IPO boosts tech stocks