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Mercury
an hour ago
- Business
- Mercury
ASX tech May winners: Silicon surge sends Aussie tech sector skyward by 22pc
ASX tech stocks roared back to life in May, riding a wave of global AI hype, easing trade tensions, and strong earnings. Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. ASX tech rockets 22pc in May Earnings from tech's 'Magnificent 7' helped matters Elsight, Eroad, Etherstack and Yojee were notable gainers The ASX tech sector didn't just rally in May, it rocketed. Up more than 22%, it was one of the biggest monthly leaps in recent memory, outpacing every other sector on the index and riding a wave of global tailwinds that swept through Wall Street and into Martin Place. May performance by sector So what lit the rocket under Aussie tech? Well, a combo of softening US-China trade tensions, a rate cut by the RBA, and red-hot earnings from the global tech elite – all wrapped in a volatile month where every diplomatic handshake or tariff tweet sent markets bouncing. Wall Street turns silicon slick Over in the US, it was an AI-fuelled tech fest. The Nasdaq jumped 9.5% in May, its best showing since November last year. The S&P 500 had a solid 6.15% lift, and the Dow chipped in with a 4% gain. The key driver was de-escalation. Starting May 14, Washington slashed tariffs on Chinese goods from 145% to 30%. Beijing responded by trimming its own to 10%. Also, earnings from the 'Magnificent Seven' – Microsoft, Nvidia, Apple, Alphabet, Amazon, Meta, and Tesla – blew past expectations. According to FactSet, their collective Q1 earnings grew 27.7%, smashing estimates and fuelling confidence in AI, cloud, and consumer spending. But the mood wasn't all champagne and confetti. Trump reignited tariff threats by month's end, accusing China of dragging its feet on export compliance, especially around rare earths. The backpedalling stirred new worries, but not enough to undo the market's momentum. Confidence is back, at least for now. And when global investors are feeling bold, ASX tech stocks often get caught in the updraft. ASX tech winners in May Code Name Price Month % Change Market Cap 4DS 4Ds Memory Limited 0.059 97% $118,137,090 ELS Elsight Ltd 0.770 71% $139,940,732 ERD Eroad Limited 1.390 65% $260,500,778 ESK Etherstack PLC 0.440 54% $58,155,681 YOJ Yojee Limited 0.270 54% $86,413,050 360 Life360 Inc. 33.330 52% $5,806,753,611 EOS Electro Optic Sys. 1.845 51% $355,996,623 CAT Catapult Grp Int Ltd 5.850 43% $1,427,690,903 XPN Xpon Technologies 0.010 43% $4,142,532 SPX Spenda Limited 0.007 40% $32,306,508 VNL Vinyl Group Ltd 0.130 38% $163,717,420 TNE Technology One 41.060 37% $13,346,815,417 RCL Readcloud 0.135 35% $20,738,668 DCC Digitalx Limited 0.070 35% $84,253,672 W2V Way2Vatltd 0.008 33% $11,302,865 VIG Victor Group Hldgs 0.082 32% $53,482,587 GTI Gratifii 0.099 32% $33,540,151 JCS Jcurve Solutions 0.033 32% $10,901,333 AI1 Adisyn Ltd 0.066 32% $47,726,289 AD8 Audinate Group Ltd 7.950 29% $658,524,993 IKE Ikegps Group Ltd 0.920 29% $148,177,677 CGO CPT Global Limited 0.063 26% $2,639,534 SMP Smartpay Holdings 0.945 25% $227,426,856 NVU Nanoveu Limited 0.048 23% $38,578,586 OCL Objective Corp 19.230 23% $1,838,200,431 VR1 Vection Technologies 0.022 22% $38,878,882 ASV Assetvisonco 0.039 22% $28,835,101 BCC Beam Communications 0.120 21% $10,370,631 WTC Wisetech Global Ltd 107.150 21% $36,396,942,187 FL1 First Lithium Ltd 0.078 20% $6,212,981 OAK Oakridge 0.072 20% $1,943,849 MP1 Megaport Limited 13.520 18% $2,242,455,288 SP3 Specturltd 0.013 18% $4,005,952 EOL Energy One Limited 14.750 18% $462,123,149 XF1 Xref Limited 0.135 17% $29,712,118 EVS Envirosuite Ltd 0.084 17% $121,691,110 SLX Silex Systems 3.600 17% $802,416,290 BVS Bravura Solution Ltd 2.550 16% $1,143,302,705 EML EML Payments Ltd 1.130 16% $431,773,255 CDA Codan Limited 18.000 14% $3,237,408,113 DTI DTI Group Ltd 0.007 14% $3,139,860 RDY Readytech Holdings 2.380 13% $290,693,379 OLL Openlearning 0.017 13% $8,205,469 AXE Archer Materials 0.300 13% $76,454,104 ID8 Identitii Limited 0.009 13% $7,002,122 XRO Xero Ltd 184.290 12% $28,534,797,978 RUL Rpmglobal Hldgs Ltd 3.070 12% $686,816,448 HCL Highcom Ltd 0.200 11% $20,536,534 BEO Beonic Ltd 0.200 11% $14,172,202 NXT Nextdc Limited 13.110 11% $8,415,067,423 SNS Sensen Networks Ltd 0.031 11% $24,584,162 SMN Structural Monitor. 0.430 10% $66,394,171 RKT Rocketdna Ltd. 0.011 10% $10,070,756 ZMM Zimi Ltd 0.011 10% $4,702,982 TYR Tyro Payments 0.885 10% $467,587,600 AR9 Archtis Limited 0.070 9% $20,157,701 DUG DUG Tech 1.120 9% $150,816,513 IRE IRESS Limited 8.660 9% $1,608,257,371 ROC Rocketboots 0.088 9% $12,815,075 KYP Kinatico Ltd 0.195 8% $84,257,937 SEN Senetas Corporation 0.020 8% $33,120,382 5GN 5G Networks Limited 0.140 8% $41,697,847 COS Cosol Limited 0.785 8% $142,861,205 ODA Orcoda Limited 0.079 7% $14,813,623 IRI Integrated Research 0.440 6% $78,035,192 FCL Fineos Corp Hold PLC 2.320 6% $785,319,223 DXN DXN Limited 0.036 6% $10,753,331 VGL Vista Group Int Ltd 3.470 6% $828,755,302 GTK Gentrack Group Ltd 11.390 5% $1,170,937,010 QOR Qoria Limited 0.415 5% $542,232,890 FLX Felix Group 0.210 5% $42,944,940 XYZ Block Inc 96.510 5% $5,298,308,114 UBN Ltd 0.840 4% $66,058,362 LVE Love Group Global 0.125 4% $5,066,771 ASB Austal Limited 5.520 4% $2,274,372,238 PHX Pharmx Technologies 0.080 4% $47,880,543 PPK PPK Group Limited 0.315 3% $28,605,937 WBT Weebit Nano Ltd 1.820 3% $419,949,381 OEC Orbital Corp Limited 0.092 2% $14,994,954 RKN Reckon Limited 0.490 2% $55,514,468 DTL Data#3 Limited 7.430 2% $1,158,714,331 NXL Nuix Limited 2.480 2% $813,603,994 DSE Dropsuite Ltd 5.880 1% $418,227,407 PRO Prophecy Internation 0.430 1% $31,712,042 Making news for the right reasons or just hitting milestones, here were some of the month's notable gainers… Elsight (ASX:ELS) Elsight's share price ripped higher in May after it secured a second major contract from a European defence drone maker, worth US$5.35m on top of an earlier US$4.28m deal announced in April. That brings the customer's total commitment to US$9.63m, with all units set for delivery this year. Elsight's Halo tech is being embedded into defence drone programs, and more than US$1m of the April order has already been delivered and booked as revenue. On top of that, Elsight was selected by Northrop Grumman for a prestigious US defence accelerator, just 8 companies chosen from over 225 applicants. That program gives it direct access to Northrop's tech and procurement teams, and a fast-track to potential US DoD contracts. Eroad (ASX:ERD) Transport tech firm Eroad surged after delivering a strong FY25 result and setting upbeat guidance for the year ahead. It flipped to a profit, pulled in NZ$16m in free cash flow (a huge jump from NZ$1.3m last year), and saw revenue climb to NZ$194.4m, up nearly 7%. Annual recurring revenue (ARR) also rose to NZ$175.1m. But it was the outlook that really got investors paying attention. Eroad is guiding to FY26 revenue of at least NZ$205m, and ARR of at least NZ$188m, with free cash flow yield of 8–10%. It's also targeting medium-term ARR growth of 11–13%. Etherstack (ASX:ESK) Radio tech firm Etherstack popped in May after locking in a record US$7m in cash receipts for the first half of FY25, its strongest half-year since listing. Most of that came from project revenue already delivered, and it reckons H1 revenue alone could beat all of last year's full result. It's also flagged more big deals likely coming soon from long-term clients, and its recurring revenue from support and 'comms-as-a-service' is steadily growing. All up, investors saw strong cash, solid outlook, and momentum. Yojee (ASX:YOJ) Logistics tech minnow Yojee surged in May off the back of two big catalysts. First, it presented at the IFCBAA national freight conference, putting its next-gen freight forwarding software in front of key industry players. Second, WiseTech's massive $2.1bn acquisition of E2open lit a fire under the whole sector, showing just how hot logistics tech is right now. Now read: WiseTech's $2bn power play, and one small logistics tech stock stirring interest Yojee's building its own momentum too, with an AI assistant baked into its platform, and a pilot deal with global player Röhlig Logistics kicking off in Singapore. All up, investors saw a small-cap riding a big wave, and jumped on board. ASX tech losers in May Code Name Price Month % Change Market Cap DUB Dubber Corp Ltd 0.016 -61% $41,973,880 1TT Thrive Tribe Tech 0.001 -50% $2,031,723 DTZ Dotz Nano Ltd 0.048 -36% $28,323,086 BLG Bluglass Limited 0.011 -31% $22,198,234 FCT Firstwave Cloud Tech 0.013 -28% $22,275,743 OPL Opyl Limited 0.019 -27% $4,464,398 EIQ Echoiq Ltd 0.245 -26% $158,070,989 SIS Simble Solutions 0.003 -25% $2,628,991 BRN Brainchip Ltd 0.205 -24% $435,534,473 SKO Serko 2.720 -22% $338,912,408 SPA Spacetalk Ltd 0.160 -22% $12,395,156 DWG Dataworks Group 0.130 -21% $13,289,126 HTG Harvest Tech Grp Ltd 0.016 -20% $14,335,148 KNO Knosys Limited 0.035 -19% $7,564,854 NOV Novatti Group Ltd 0.022 -19% $11,950,156 RWL Rubicon Water 0.210 -18% $50,545,971 FBR FBR Ltd 0.005 -17% $28,447,261 NOR Norwood Systems Ltd. 0.020 -17% $10,318,553 JAN Janison Edu Group 0.140 -15% $36,384,355 IFG Infocusgroup Hldltd 0.006 -14% $1,574,561 NVQ Noviqtech Limited 0.027 -13% $6,791,487 HYD Hydrix Limited 0.014 -13% $3,818,764 EPX Ept Global Limited 0.023 -12% $15,150,929 AJX Alexium Int Group 0.008 -11% $12,691,429 8CO 8Common Limited 0.016 -11% $3,585,518 IOD Iodm Limited 0.130 -10% $77,070,523 CYB Aucyber Limited 0.080 -10% $16,751,735 3DP Pointerra Limited 0.055 -8% $44,279,224 ACE Acusensus Limited 0.970 -8% $135,825,086 CF1 Complii Fintech Ltd 0.025 -7% $14,284,841 ICE Icetana Limited 0.014 -7% $6,133,997 MX1 Micro-X Limited 0.056 -7% $37,363,326 WHK Whitehawk Limited 0.014 -7% $10,378,849 XRG Xreality Group Ltd 0.030 -6% $19,906,426 SOR Strategic Elements 0.032 -6% $15,236,274 HSN Hansen Technologies 5.100 -6% $1,047,697,081 AT1 Atomo Diagnostics 0.017 -6% $11,321,179 X2M X2M Connect Limited 0.019 -5% $7,375,455 TZL TZ Limited 0.059 -5% $16,556,232 BDT Birddog 0.047 -4% $7,589,843 CXZ Connexion Mobility 0.026 -4% $21,216,424 CML Connected Minerals 0.130 -4% $5,376,568 IFM Infomedia Ltd 1.210 -2% $471,132,514 AVA AVA Risk Group Ltd 0.103 -2% $30,499,563 DDR Dicker Data Limited 8.230 -2% $1,473,911,938 CCR Credit Clear 0.230 -2% $97,669,188 PPS Praemium Limited 0.730 -2% $348,732,077 DRO Droneshield Limited 1.315 -2% $1,127,576,305 ATA Atturralimited 0.860 -2% $328,224,812 CPU Computershare Ltd 40.220 -1% $23,657,729,209 NVX Novonix Limited 0.420 -1% $283,058,021 This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decision. Originally published as ASX tech May winners: Silicon surge sends Aussie tech sector skyward by 22pc Stockhead The S&P/ASX 200 Health Care Index rose 1.59% in May, easing from a 2.16% gain in April but still finishing in the green. Stockhead As tensions rise in the Indo-Pacific, Aussie tech players like Vection, DroneShield and Harvest are quietly stepping into the spotlight
Mercury
3 hours ago
- Business
- Mercury
As the Indo-Pacific theatre heats up, Aussie tech stocks could get busier
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Hegseth sounds the alarm on China, urges Indo-Pacific to arm up Vection and DroneShield score fresh defence deals Harvest Tech keeps videos connected as it wins contracts If Pete Hegseth's message to Asia was meant to be subtle, someone forgot to give him the memo. Standing before a room of generals, ministers and defence strategists at Singapore's Shangri-La Dialogue last Friday, the US Defence Secretary didn't mince words. China, he warned, was 'credibly preparing' to invade Taiwan, and the region had to 'step up' before the future became a war zone. 'We do not seek to dominate or strangle China,' Hegseth said, 'but we will not be pushed out.' The Chinese delegation responded by calling the US the 'biggest troublemaker' in the region, and the tension there was unmistakable. Hegseth's call for a 'strong shield of deterrence' wasn't just aimed at generals, it was a note to the budget offices of Indo-Pacific governments. Australia, tucked firmly into the US's circle of friends, was also being nudged to firm up its position. Hegseth floated 5% of GDP as a starting point for defence budgets, and that kind of big money obviously needs somewhere to land. Vection scores as war games go digital For Australian companies that can offer technology to prepare for modern threats – whether that's better comms, AI, or secure simulation platforms – the next few years could be fertile ground. In the end, war may be uncertain, but preparation isn't. And tech that helps nations prepare smarter might just find itself centre stage, whether the battle ever comes or not. But defence contracts are hard-fought, highly regulated, and often slow to deliver. So when a company announces a fresh deal in defence, no matter the size, investors tend to sit up and take notice. Which is exactly what happened when Vection Technologies (ASX:VR1) announced a fresh $1 million defence contract on Monday. This Perth-born outfit is known for its work in XR, short for 'extended reality.' In plain English, that means it builds virtual environments that blend the digital world with the real one. This technology can be used in VR (virtual reality) training sessions for soldiers, 3D models of a battlefield, or even remote mission planning in a virtual room that looks just like the real thing. What used to be sci-fi is now very much on the defence department's radar. The latest deal was Vection's fourth contract with the same defence client (un-named), a clear sign there's trust building. More importantly, the client's hinted there's more work coming, so this might just be chapter one. Vection's INTEGRATED-XR platform is essentially a digital Swiss Army knife that combines AI, 3D visualisation, Internet of Things (IoT) and voice-command systems into one package. It's designed to help defence teams train smarter, plan faster, and make better decisions under pressure. You can simulate a rescue mission in VR, see live battlefield data mapped in 3D, or rehearse crisis responses before boots even hit the ground. Vection's pitch is simple: when lives are on the line, mistakes are expensive, and the best way to avoid them is to train like it's the real thing. Droneshield, Harvest Tech also strike wins But it's not just Vection making moves. DroneShield (ASX:DRO) had struck a big win earlier, landing a $32 million deal in April to supply counter-drone gear to a major Asia-Pacific military. The deal bundled five separate orders into one, all due for delivery this year; a strong sign that Aussie-made defence tech is moving past trials and into the rollout phase. Meanwhile, when the mission moves from planning to execution, especially in remote or high-risk locations, that's where another Aussie-listed company, Harvest Technology Group (ASX:HTG), comes in. Harvest's flagship product is called Nodestream, which is all about secure communication – streaming video, audio, and data from almost anywhere, even on tight bandwidth. Nodestream lets a team in the field, say, on a patrol boat or remote base, stream high-quality live video back to headquarters without needing a fat internet pipe. It compresses the data in real time, keeps it encrypted and secure, and still manages to deliver crisp, mission-critical info fast. Whether it's a drone feed, a helmet cam, or a sensor-packed vehicle, commanders will stay in the loop. Read: Loud and Clear: ASX companies building remote 'mission critical' communications In 2023, Harvest landed its first defence contract with a Five Eyes customer for its Nodestream technology. Fast forward to 2024, and HTG announced a follow-up, not just one, but two more orders from the same customer. The company also had other wins, including orders from the European Union Defence Force and new UK-based offshore contractors, plus a successful drone trial with Japan's Self-Defence Force. All these contracts show that Australian tech does have a seat at the defence table, especially now, as the Indo-Pacific gears up for what might be a more contested and complex future. At Stockhead we tell it like it is. While Harvest Technology Group is a Stockhead advertiser, it did not sponsor this article. Originally published as As the Indo-Pacific theatre heats up, Aussie tech stocks could get busier
The Australian
17 hours ago
- Business
- The Australian
StockTake: Antares Metals
Stockhead's Tylah Tully looks at the latest from Antares Metals (ASX:AM5) after it uncovered a potentially large-scale copper prospect called Marvel, with an 80 metre wide intercept of disseminated sulphide and chalcopyrite mineralisation. The find comes among a drilling campaign successful in discovering several new copper targets, so tune in to hear the plan going forward over what Antares sees as a potential analogue to a nearby producer. This video was developed in collaboration with Antares Metals, a Stockhead advertiser at the time of publishing. This video does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Herald Sun
19 hours ago
- Business
- Herald Sun
CAE sampling points to porphyry wealth
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Surface sampling at Cannindah's Mt Cannindah project has revealed two untested porphyry targets Rock chips dazzle with peak results of up to 12.28% copper, 9.94g/t gold and 1.24% molybdenum Each potential 'pencil' porphyry, which requires deeper drill testing, could host between 100Mt and 200Mt of material Special Report: Cannindah Resources' surface rock chip sampling has identified two untested potential copper-molybdenum-gold porphyry centres at its Mt Cannindah project in Queensland. Sampling of porphyry-style veining and skarn mineralisation returned peak results of up to 12.28% copper, 9.94g/t gold and 1.24% molybdenum along with coincident elevated key geochemical pathfinders of tellerium, bismuth, tin and tungsten. Cannindah Resources' (ASX:CAE) notes that historical holes at the project are shallow and support the peripheral or upper level interpretation of 'pencil' porphyry systems similar to those at the Northparkes and Cadia Ridgeway deposits. It also suggests the economic window typical of porphyry systems remains untested. 'Whilst we have been completing our drilling this year, we have also been working on increasing the scale potential at Mt Cannindah in areas outside of the current 14.5Mt mineral resource area,' CAE managing director Tom Pickett said. 'Our updated understanding of the project area indicates the potential for more than one pencil porphyry target within our project. 'Our strategic objective is to work to develop a copper asset in the range of 100-200Mt in this uniquely advantageous infrastructure location. 'To do this we are applying extensional exploration methods including data science analysis, geochemistry, geophysics and mineral deposit modelling. 'With supporting data from recent drilling and sampling, strong IP results and historical halo drill holes ending in copper mineralisation, there is good support for the presence of pencil porphyries, and we have identified at least two significant targets that we are very excited to be following up with near-term drilling.' Recent drilling beyond the known mineralised zone returned high-grade results such as 71m at 0.95% copper equivalent. Project areas showing the new Eastern and Southern porphyry targets. Pic: Cannindah Resources Mt Cannindah Mt Cannindah is about 100km south of Gladstone and represents a large porphyry copper-molybdenum-gold mineralised system that outcrops from surface and is open along strike and at depth. It has a resource of 14.5Mt at 1.09% copper equivalent. Recent drilling of the Mt Cannindah breccia complex identified a strong genetic and spatial affiliation of copper-gold-silver mineralisation to a postulated buried intrusive centre on the basis of geochemistry, alteration, distribution of intrusives and mineralisation style. Vectors to this postulated buried porphyry centre suggests that the potential economic window is at a depth greater than the Eastern and Southern targets that have now been verified by surface rock chip sampling that followed up on anomalies generated by a review of historical soil, rock, shallow drill hole results, mapping and CAE induced polarisation data. Both targets have footprints indicating the potential for 100-200Mt of material. The Eastern target was identified following a review of halo drill hole geochemistry and geology which supported the anomalous copper results in the shallow drill holes spatially associated with a large area of skarn development on the major regional Kalpowar Fault and associated splays. It is coincident with a large and highly significant IP anomaly and is covered by recent alluvium and has not been adequately explored using modern exploration techniques. Meanwhile, the Southern target was defined by recent sampling and high order coincident historical >500ppm copper and >20ppm molybdenum soil results over a 1000m by 500m includes the Monument and Lifesaver prospects where appreciable amounts of distal skarn are developed that have previously been evaluated by relatively old shallow drilling returning results typical of halo or peripheral drill intersections. A large coincident IP anomaly is also evident. Both targets require deeper drill testing. Work being completed has also indicated a further additional two target zones at the Dunno/Appletree area and the Kalpowar Fault Zone, a major regional scale fault. Additional surface sampling focusing on the two additional zones is ongoing. This article was developed in collaboration with Cannindah Resources, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Cannindah Resources sampling uncovers two potential porphyry targets
News.com.au
20 hours ago
- Business
- News.com.au
Break it Down: Updated resource estimate boosts Maronan confidence
Stockhead's Break it Down brings you today's leading market news in under 90 seconds. In this episode, host Tylah Tully looks at news from Maronan Metals (ASX:MMA), which has increased the resource estimates for its namesake silver-lead and copper-gold deposit. Watch the video to learn more. While Maronan Metals is a Stockhead advertiser, it did not sponsor this content. Originally published as Break it Down: Updated resource estimate boosts Maronan confidence
