FINANCIAL NEWS
ASX Winners And Losers Of Today – 02-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
May 02 2024
Treasure Chest: The Fast Food Conundrum
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s story is on Collins Foods. Is fast food truly defensive?
May 02 2024
Generative AI, Investing In The 21st Century Megatrend, Part One
Fierce rallies in technology related share prices are eliciting calls of a new investment bubble a la Nasdaq 2000, but are such fears justified?
May 02 2024
The Short Report – 02 May 2024
FNArena’s weekly update on short positions in the Australian share market
May 02 2024
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
Bell Potter rates AIS as Buy
Aeris Resources reported a miss on the March quarter trading update according to Bell Potter.
Tritton produced 4.3kt of copper, compared to the analyst's forecast of 5.0kt and costs came in higher with AISC at $5.81/lb compared to the estimate of $5.29/lb.
Looking ahead, Bell Potter expects the production at Tritton to accelerate to circa 20kt p.a. plus of copper and lower the AISC to $5/lb, which will help fund development projects.
Higher copper and gold prices have raised the analyst's earnings forecasts. EPS is increased to 6c from -2c in FY24 with a 140% uplift in EPS for FY25.
Buy rating unchanged and the target price is lifted to 30c from 23c.
Citi rates CKF as Sell
Two recent data points from the fast food sector have given Citi comfort around its Sell rating on Collins Foods.
Restaurant Brands’s ((RBD)) 1Q24 sales update revealed a further deterioration in Australian sales, and McDonald’s 1Q24 update revealed “flat-to-declining” fast food industry traffic in Australia.
Restaurant Brands continued to cite cost of living pressures which have impacted discretionary spending in Australia and Citi reminds that Collins Foods at its 1H24 result indicated a proportion of its customer base (“blue collar”) may reduce order frequency or drop out of the category.
More broadly McDonald’s flagged broad-based consumer pressures globally. Citi retains a $10.60 target.
UBS rates ORG as Buy
The March quater results from Origin Energy displayed the ongoing energy transition of the business with an increase in spend on utility-scale batteries and an offtake agreement for the QLD Supernode battery, notes UBS.
Production and realised prices for the quarter met expectations, but lower domestic gas sales volumes impacted on revenue.
UBS sees Origin Energy as having a gas cost advantage versus other suppliers which could improve over the second half of the decade.
Adjusting for the lower APLNG sales and revenues, EPS forecast for FY25 declines by -5% and -2% for FY24.
Buy rating unchanged and the target is lifted to $10.55 from $10.10.
The report was published on May 1.
Click here to see full report 
ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
To display the stock analysis for a company please enter the company code:
MGR | MIRVAC GROUP
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$2.06 01 May |
0.000 OPEN $2.03 |
0.000 HIGH $2.09 |
13,446,181 LOW $2.03 |
| TARGET | |||
| $2.478 20.3% upside | |||
| Franking for last dividend paid out: 0% |
| Title | FY22 Actual |
FY23 Actual |
FY24 Forecast |
FY25 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | N/A | 19.1 | xxx |
| DPS (cps) | xxx | N/A | 10.4 | xxx |
| EPS Growth | xxx | N/A | N/A | xxx |
| DPS Growth | xxx | N/A | N/A | xxx |
| PE Ratio | xxx | N/A | 10.7 | xxx |
| Dividend Yield | xxx | N/A | 5.1% | xxx |
| Div Pay Ratio(%) | xxx | N/A | 54.6% | xxx |
DAILY FINANCIAL NEWS
Treasure Chest: The Fast Food Conundrum
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s story is on Collins Foods. Is fast food truly defensive?
May 02 2024 - Treasure Chest
Fierce rallies in technology related share prices are eliciting calls of a new investment bubble a la Nasdaq 2000, but are such fears justified?
May 02 2024 - International
The New Criterion’s Tim Boreham runs through the options available for investors wishing to add gold exposure to their portfolio
May 01 2024 - Commodities
Green geopolitics are heating up; analysts check out electric vehicles, lithium and critical minerals; and the AI push persists despite climate implications of data centres, which in turn bode well for power generators, transmission companies, and copper
May 01 2024 - ESG Focus
SiteMinder’s March quarter update showed the company is on track to reach positive earnings and cash flow next quarter and new product launches offer growth
May 01 2024 - Small Caps
Michael Gable of Fairmont Equities has spotted solid support underneath shares in WiseTech Global
Apr 30 2024 - Technicals
PR NEWSWIRE
PAUL WATSON TO RETURN TO ANTARCTICA TO PROTECT WHALES
May 02 2024 - PR NewsWire
Mainstream Renewable Power consortium awarded feasibility licence for 2.5 GW offshore wind development in Australia
May 02 2024 - PR NewsWire
TRICORBRAUN ACQUIRES TWO AUSTRALIAN PACKAGING DISTRIBUTORS – UNIQUEPAK AND ALPLAS PRODUCTS
May 02 2024 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: Quality Reigns, And How To Identify It
In this week's Weekly Insights: -Quality Reigns, And How To Identify It-Macquarie's ASX Quality Compounders By Rudi Filapek-Vandyck, Editor Quality…
May 01 2024
DAILY MARKET REPORTS
ASX Winners And Losers Of Today – 02-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
May 02 2024
The Overnight Report: Data Only Today (Sorry)
Due to technical problems today’s Overnight Report consists of data only
May 02 2024
ASX Winners And Losers Of Today – 01-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
May 02 2024
The Overnight Report: More Pain
Stronger than expected US wage growth data sent Wall Street tumbling once again last night. S&P500 down -1.6%. (Available for non-subscribers after 10am)
May 01 2024
ASX Winners And Losers Of Today – 30-04-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Apr 30 2024
WEEKLY REPORTS
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
Weekly Update On LICs & LITs – 30-Apr-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Apr 30 2024
Australian Listed Real Estate Tables – 29-04-2024
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Apr 29 2024
Weekly Ratings, Targets, Forecast Changes – 26-04-24
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Apr 29 2024
In Case You Missed It – BC Extra Upgrades & Downgrades – 26-04-24
A summary of the highlights from Broker Call Extra updates throughout the week past
Apr 26 2024
Weekly Top Ten News Stories – 26 April 2024
Our top ten news stories from 18 April 2024 to 25 April 2024
Apr 26 2024
The Short Report – 26 Apr 2024
FNArena’s weekly update on short positions in the Australian share market
Apr 26 2024
Next Week At A Glance – 29 Apr-May 2 2024
A brief look at important company events and economic data releases next week
Apr 26 2024
THE MARKETS
-
Australia
02 May 2024 Updated : 20:12 AEDT
SPI Overnight
7572.00
-5.00
-0.07%
NZ50
11874.040
+6.460
0.050%
All Ordinaries
7849.40
+17.50
0.22%
S&P ASX 200
7587.00
+17.10
0.23%
S&P ASX 300
7540.70
+15.80
0.21%
Communication Services
1472.90
-12.50
-0.84%
Consumer Discretionary
3372.30
-10.20
-0.30%
Consumer Staples
11558.40
-291.30
-2.46%
Energy
10008.80
-53.10
-0.53%
Financials
7194.80
+51.20
0.72%
Health Care
41962.00
+82.30
0.20%
Industrials
6842.20
+31.20
0.46%
Info Technology
2177.40
+20.80
0.96%
Materials
17800.40
+72.20
0.41%
Real Estate
3509.20
+13.60
0.39%
Utilities
8573.70
-61.10
-0.71%
A-REITs
1592.80
+4.80
0.30%
All Technology Index
2972.40
+3.60
0.12%
Banks
2996.80
+27.50
0.93%
Gold Index
7590.10
+77.10
1.03%
Metals & Mining
5843.20
+20.70
0.36%
-
World
02 May 2024 Updated : 20:12 AEDT
CAD/USD
0.7288
+0.00
0.39%
EUR/JPY
166.10
-2.35
-1.40%
EUR/USD
1.0700
+0.00
0.30%
GBP/USD
1.2515
+0.00
0.24%
USD/JPY
155.23
-2.67
-1.69%
-
Aus Stocks
02 May 2024 Updated : 20:12 AEDT
Amcor (US)
9.80
+0.86
9.62%
Newmont (US)
40.58
-0.06
-0.15%
Rio Tinto (UK)
5427.00
+1.00
0.02%
BHP Group (US)
55.00
-0.16
-0.29%
Rio Tinto (US)
67.50
-0.33
-0.49%
ResMed (US)
215.01
+1.02
0.48%
South32 (UK)
184.20
+3.80
2.11%
James Hardie (US)
34.66
+0.16
0.46%
Janus Henderson (US)
31.16
-0.06
-0.19%
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CALENDAR
Friday, 3 May 2024
AU housing finance, Mar JP markets closed CH markets closed EZ Germany markets closed EZ unemployment, Mar US unemployment, Apr XX global services PMIs, Mar CPU AGM MQG earnings report SQ2 earnings report TPG AGM Monday, 6 May 2024
AU job ads, Apr ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$33.53
CSL CSL LIMITED 
$275.39
REA REA GROUP LIMITED
$176.90
TNE TECHNOLOGY ONE LIMITED
$16.05
WOW WOOLWORTHS GROUP LIMITED
$30.50
WEEKLY PDF
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FNARENA TALKS
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FNARENA WINDOWS
Window on FOOD, BEVERAGES & TOBACCO
Treasure Chest: The Fast Food Conundrum
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s story is on Collins Foods. Is fast food truly defensive?
May 02 2024
Window on TECHNOLOGY
Generative AI, Investing In The 21st Century Megatrend, Part One
Fierce rallies in technology related share prices are eliciting calls of a new investment bubble a la Nasdaq 2000, but are such fears justified?
May 02 2024
Window on GOLD & SILVER
Gold Producers Over Bullion?
The New Criterion’s Tim Boreham runs through the options available for investors wishing to add gold exposure to their portfolio
May 01 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