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Stock of the day
Austal
Austal shares slipped after Hanwha gained approval to boost its stake to 19.9%, tightening free float and sparking mixed views on the shipbuilder’s outlook.
(AI video summary)
This video was created on 12 December 2025 for IG audiences by ausbiz.
ASX code: ASB
Austal resumes trading after Hanwha stake approval
Austal resumed trading after Treasurer Jim Chalmers approved Hanwha’s plan to lift its stake in the shipbuilder to 19.9% from about 10%. Conditions include limits on access to sensitive data, reinforcing national security protections.
The company remains a key contributor to the United States (US) defence industrial base with growth opportunities in US and Australasian operations. Hanwha has signalled interest in partnering on Australian shipbuilding projects and seeking a board position. However, takeover provisions are restricted under the approval.
Market reaction
Despite expectations of a positive response, Austal shares opened at $6.60 but fell to $6.26 during the session. Analysts suggest the decline reflects investor caution over restrictions on Hanwha’s ability to acquire control, which may have tempered takeover speculation.
Investment outlook
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