FINANCIAL NEWS
The Overnight Report: All Quiet
Both the US and local markets have gone into a bit of a stall, S&P500 flat. (Available for non-subscribers after 10am)
8:59 AM
ASX Winners And Losers Of Today – 08-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
May 08 2024
Aussie Dollar: Upward Bias
The Chartist’s stance is to be neutral on the Aussie for now, but ‘long’ if a risk-on global commodity-driven environment can be sustained
May 08 2024
Monthly Listed Investment Trust Report – May 2024
Independent Investment Research updates developments in Australia’s listed investment trust and provides comparative data
May 08 2024
Bell Potter rates A4N as Buy
Alpha HPA latest pricing update was better than Bell Potter's expectations.
Marketing and independent consultants inferring the price of High Purity Alumina equivalent (HPAe) is stronger than what the company indicated in their 2020 feasability study.
The better prices allow the broker to raise their already "conservative" price forecast to US$27.50/t from US$25/t of HPAe.
Management have also signed Letters of Intent to supply 2,290tpa to more than 6 end users with agreement for 1,290tpa in the last 3-weeks.
The broker's forecasts assume that the final investment decision for the first HPA project around June and the first production from 2026.
A Speculative Buy rating is retained and the target is lifted to $1.95 from $1.75.
Citi rates GPT as Buy
Management at GPT has re-emphasised guidance for FY24 FFO of 32cps and DPS of 24cps, which is seen "constructively" by analysts at Citi.
The broker observes retail & logistics continue to produce resilient growing operational performances. While Office occupancy remains stable, the broker does acknowledge higher risk of lower occupancy in 2024 and 2025 is possible due to lease expiries during the periods.
Citi points out GPT shares are trades at a sizable discount to NTA (excluding value from funds management), a 5.9% dividend yield and a forward-looking PE ratio of circa 13x.
Buy. Target $4.90.
Morgan Stanley rates SIQ as Equal-weight
First quarter trading for Smartgroup Corp is tracking mostly in line with consensus expectations for 2024, with revenue a slight beat and costs a miss.
Revenue growth was mostly driven by volumes, with average monthly new lease orders up by 7%, compared to the 2H of FY23.
Average monthly revenue has risen by 5% when compared to the 1H of FY23, and implies to the broker $142m for the 1H of FY24, which aligns with the consensus estimate.
Electric vehicle take-up was solid (up by 42%) in the broker's view, but stabilising. Inthe 2H of FY23 the a rise of 41% ocurred.
Equal-weight rating. Target $9.50. Industry view: In-line.
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ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
To display the stock analysis for a company please enter the company code:
ANZ | ANZ GROUP HOLDINGS LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$28.79 07 May |
OPEN $28.30 |
HIGH $28.88 |
9,346,876 LOW $27.99 |
0.020| TARGET | |||
| $27.572 -4.2% downside | |||
| Franking for last dividend paid out: 65% |
| Title | FY22 Actual |
FY23 Actual |
FY24 Forecast |
FY25 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | N/A | 225.4 | xxx |
| DPS (cps) | xxx | N/A | 166.0 | xxx |
| EPS Growth | xxx | N/A | N/A | xxx |
| DPS Growth | xxx | N/A | N/A | xxx |
| PE Ratio | xxx | N/A | 12.9 | xxx |
| Dividend Yield | xxx | N/A | 5.7% | xxx |
| Div Pay Ratio(%) | xxx | N/A | 73.6% | xxx |
DAILY FINANCIAL NEWS
Aussie Dollar: Upward Bias
The Chartist’s stance is to be neutral on the Aussie for now, but ‘long’ if a risk-on global commodity-driven environment can be sustained
May 08 2024 - Technicals
Independent Investment Research updates developments in Australia’s listed investment trust and provides comparative data
May 08 2024 - Australia
Michael Gable of Fairmont Equities sees a new record all-time high on the horizon for shares in Rio Tinto
May 07 2024 - Technicals
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s idea is on Worley
May 06 2024 - Treasure Chest
Rising bond yields meant interest rate-sensitive equities were out of favour in April, while investors sought inflation-protection in mining stocks and commodities
May 06 2024 - Australia
Overviews in raw numbers and calculations that might assist investors with assessing trends and currents that might not be apparent from daily volatility and movements
May 04 2024 - Australia
PR NEWSWIRE
SANY’s Strategic Cooperation Catalyzes Australia’s National Hydrogen Strategy
May 08 2024 - PR NewsWire
Strider Names Former Commander of the Royal Canadian Navy, Vice Admiral Paul Maddison, as an Advisor
May 08 2024 - PR NewsWire
JOIN US AT ROADSHOW VIET NAM – HO CHI MINH CITY TOURISM IN AUSTRALIA 2024!
May 08 2024 - PR NewsWire
Arcadium Lithium Releases First Quarter 2024 Results
May 08 2024 - PR NewsWire
Over half of Aussie mums say wanting breakfast in bed is the biggest Mother’s Day myth, favouring a dining experience instead as Australia celebrates 100 years
May 08 2024 - PR NewsWire
Symbio Secures Key License to Enhance Voice Service Offering in Malaysia
May 07 2024 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: Opportunity In Data Centres
Opportunity In Data Centres By Rudi Filapek-Vandyck The concept confounds many an investor, and market commentators too; from the moment…
May 08 2024
DAILY MARKET REPORTS
The Overnight Report: All Quiet
Both the US and local markets have gone into a bit of a stall, S&P500 flat. (Available for non-subscribers after 10am)
8:59 AM
ASX Winners And Losers Of Today – 08-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
May 08 2024
Australian Broker Call *Extra* Edition – May 08, 2024
Extra Edition of the Broker Call Report
May 08 2024
The Overnight Report: Out Of Puff
US bond yields fell again last night but Wall Street needed a breather. S&P500 up 0.1%. (Available for non-subscribers after 10am)
May 08 2024
ASX Winners And Losers Of Today – 07-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
May 07 2024
WEEKLY REPORTS
Uranium Week: Finally, A Ban
After five months the US Senate has passed a bill banning imports of Russian uranium. The spot price has reacted accordingly
May 07 2024
Weekly Update On LICs & LITs – 07-May-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
May 07 2024
Australian Listed Real Estate Tables – 06-05-2024
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
May 06 2024
Weekly Ratings, Targets, Forecast Changes – 03-05-24
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
May 06 2024
In Case You Missed It – BC Extra Upgrades & Downgrades – 03-05-24
A summary of the highlights from Broker Call Extra updates throughout the week past
May 03 2024
Weekly Top Ten News Stories – 3 May 2024
Our top ten news stories from 25 April 2024 to 02 May 2024
May 03 2024
Next Week At A Glance – 6-10 May 2024
A brief look at important company events and economic data releases next week
May 03 2024
The Short Report – 02 May 2024
FNArena’s weekly update on short positions in the Australian share market
May 02 2024
Uranium Week: Nuclear Power And AI
The extensive power required to run AI models at data centres has brought nuclear energy clearly into focus
Apr 30 2024
THE MARKETS
-
Australia
09 May 2024 Updated : 09:42 AEDT
SPI Overnight
7806.00
-19.00
-0.24%
NZ50
11730.320
-52.570
-0.450%
All Ordinaries
8076.70
+11.20
0.14%
S&P ASX 200
7804.50
+11.20
0.14%
S&P ASX 300
7756.10
+10.40
0.13%
Communication Services
1508.00
+2.80
0.19%
Consumer Discretionary
3507.20
-12.80
-0.36%
Consumer Staples
11702.60
-0.20
0.00%
Energy
10257.20
-3.80
-0.04%
Financials
7400.60
+15.20
0.21%
Health Care
42803.20
+146.20
0.34%
Industrials
7015.30
+50.70
0.73%
Info Technology
2271.60
+13.30
0.59%
Materials
18230.80
-25.90
-0.14%
Real Estate
3692.00
+16.50
0.45%
Utilities
9007.40
+24.50
0.27%
A-REITs
1676.60
+6.10
0.37%
All Technology Index
3082.20
+14.10
0.46%
Banks
3096.10
+10.50
0.34%
Gold Index
7656.60
+9.00
0.12%
Metals & Mining
5979.80
-10.70
-0.18%
-
World
09 May 2024 Updated : 09:42 AEDT
CAD/USD
0.7286
+0.00
0.16%
EUR/JPY
167.19
+0.12
0.07%
EUR/USD
1.0748
0.00
-0.03%
GBP/USD
1.2494
+0.00
0.02%
USD/JPY
155.56
+0.16
0.11%
-
Aus Stocks
09 May 2024 Updated : 09:42 AEDT
Amcor (US)
10.22
+0.10
0.99%
Newmont (US)
41.54
+0.10
0.24%
Rio Tinto (UK)
5560.00
-31.00
-0.55%
BHP Group (US)
56.50
-0.97
-1.69%
Rio Tinto (US)
69.02
-1.02
-1.46%
ResMed (US)
212.88
-2.80
-1.30%
South32 (UK)
190.40
-0.70
-0.37%
James Hardie (US)
37.39
+0.45
1.22%
Janus Henderson (US)
32.90
-0.13
-0.39%
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CALENDAR
Thursday, 9 May 2024
CH trade balance, Apr UK BoE policy meeting ALD AGM CBA quarterly report HLI AGM HLI AGM LNW quarterly earnings NWS earnings report ORI earnings report REA quarterly report SSR quarterly report WBC ex-div 90c (100%) Friday, 10 May 2024
ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$35.21
CSL CSL LIMITED
$279.90
REA REA GROUP LIMITED
$185.00
TNE TECHNOLOGY ONE LIMITED
$16.31
WOW WOOLWORTHS GROUP LIMITED $30.91
WEEKLY PDF
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WEEK 18
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FNARENA TALKS
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FNARENA WINDOWS
Window on WEALTH MANAGEMENT & INVESTMENTS
Monthly Listed Investment Trust Report – May 2024
Independent Investment Research updates developments in Australia’s listed investment trust and provides comparative data
May 08 2024
Window on URANIUM
Uranium Week: Finally, A Ban
After five months the US Senate has passed a bill banning imports of Russian uranium. The spot price has reacted accordingly
May 07 2024
Window on WEALTH MANAGEMENT & INVESTMENTS
Weekly Update On LICs & LITs – 07-May-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
May 07 2024
SMSFUNDAMENTALS
The Hedge Fund Whisperers: Hints For Retail Investors To Unlock Alpha
Hedge funds have long been shrouded in secrecy, their billion-dollar bets whispered only in hushed tones within mahogany-lined conference rooms. These whispers can be harnessed for the astute retail investor. A succinct guide
May 02 2024