FINANCIAL NEWS
The Overnight Report: Dead Cat
An attempt at a modest bounce on Wall Street last night failed at the death. S&P500 down -0.2%. (Available for non-subscribers after 10am)
9:20 AM
ASX Winners And Losers Of Today – 16-04-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Apr 16 2024
Japan Drags On Domino’s Growth Profile
Domino’s Pizza’s rapid covid era expansion in Japan has led to difficulties, impacting on store rollout and sales growth plans
Apr 16 2024
Weekly Update On LICs & LITs – 16-Apr-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Apr 16 2024
Morgan Stanley rates ASX as Underweight
Morgan Stanley revisits investment thesis on the ASX and concludes a combination of an exceptionally strong recovery in market activity and greater cost discipline by management would be needed to change from the current Underweight recommendation.
The broker believes the market is too confident on both revenue and costs, and sees downside risks for the latter. Morgan Stanley sees elevated cost growth of 20% in FY24 (above 12-15% guidance) before moderating to around 8% over FY25-26.
Only a gradual market activity recovery through to FY26 is incorporated into the analysts' forecasts.
The $53.50 target is maintained for the ASX. Industry view: In-Line.
Bell Potter rates COE as Buy
Cooper Energy is on track to meet FY24 guidance believes Bell Potter after reviewing March quarter gas production, sales and revenue which were all in line with the broker's forecasts.
Gippsland Basin production lifted marginally with unplanned maintenance offsetting improved processing performance, while the Orbost plant set a record with 60-days of production averaging 55.8TJ/day, highlights Bell Potter.
The target rises to 21c from 18c mostly driven by a small revision in development upside in the Otways, explain the analysts.
Macquarie rates MAH as Outperform
Macmahon has announced it will acquire Decmil for an enterprise value of $127m, with ordinary shareholders set to receive 30 cents per stock.
The company intends to continue to operate Decmil as a wholly owned subsidiary and maintain branding, with the acquisition to boost the civil and engineering components of the business.
As per Macquarie, the acquisition will boost revenue by 20% and earnings by 10% from FY25, and adds $455m to the company's order book.
The Outperform rating is retained and the target price increases to 27 cents from 25 cents.
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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 |
|---|---|---|---|
|
$29.00 15 Apr |
OPEN $28.70 |
HIGH $29.00 |
4,230,120 LOW $28.70 |
0.050| TARGET | |||
| $28.022 -3.4% downside | |||
| Franking for last dividend paid out: 56% |
| Title | FY22 Actual |
FY23 Actual |
FY24 Forecast |
FY25 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | N/A | 221.7 | xxx |
| DPS (cps) | xxx | N/A | 162.8 | xxx |
| EPS Growth | xxx | N/A | N/A | xxx |
| DPS Growth | xxx | N/A | N/A | xxx |
| PE Ratio | xxx | N/A | 12.8 | xxx |
| Dividend Yield | xxx | N/A | 5.7% | xxx |
| Div Pay Ratio(%) | xxx | N/A | 73.4% | xxx |
DAILY FINANCIAL NEWS
Japan Drags On Domino’s Growth Profile
Domino’s Pizza’s rapid covid era expansion in Japan has led to difficulties, impacting on store rollout and sales growth plans
Apr 16 2024 - Australia
Michael Gable of Fairmont Equities sees Orica shares pushing past $20 in the months ahead
Apr 16 2024 - Technicals
Already bullish brokers gain further confidence from Webjet’s strategy update for WebBeds
Apr 15 2024 - Australia
ANZ Bank analysts do not see the weekend’s attack on Israel by Iran as sparking a new surge in oil prices
Apr 15 2024 - Commodities
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
Apr 13 2024 - Australia
US bond yields have rallied back hard, which would typically send the gold price lower. So why has gold rallied hard too?
Apr 11 2024 - Commodities
PR NEWSWIRE
FP Markets Increases its Commodity Offering, Adding Brent Oil, Cotton and Sugar Futures
Apr 16 2024 - PR NewsWire
Infosys drives hybrid cloud-powered innovation for Team Global Express
Apr 16 2024 - PR NewsWire
Infosys drives hybrid cloud-powered innovation for Team Global Express
Apr 16 2024 - PR NewsWire
P&G Appoints Neal Reed as Senior Vice President and Managing Director, P&G Australia and New Zealand
Apr 16 2024 - PR NewsWire
GoodWe Maintains Position as One of Australia’s Top Solar Inverter Manufacturers, Recognised by SunWiz for the Third Consecutive Year, Amidst Significant Team E
Apr 16 2024 - PR NewsWire
Last Yard and YY Solutions Collaborate to Help Supercharge Innovation for Japanese Retailers
Apr 16 2024 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: Lessons & Observations From ASX All-Weathers
In this week's Weekly Insights: -Lessons & Observations From ASX All-Weathers-Conviction Calls & Best Buys-June Index Rebalancing By Rudi Filapek-Vandyck,…
Apr 10 2024
DAILY MARKET REPORTS
The Overnight Report: Dead Cat
An attempt at a modest bounce on Wall Street last night failed at the death. S&P500 down -0.2%. (Available for non-subscribers after 10am)
9:20 AM
ASX Winners And Losers Of Today – 16-04-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Apr 16 2024
Australian Broker Call *Extra* Edition – Apr 16, 2024
Extra Edition of the Broker Call Report
Apr 16 2024
The Overnight Report: Risk Off
Selling continued on Wall Street last night in fear of what Israel does next. S&P500 down -1.2%. (Available for non-subscribers after 10am)
Apr 16 2024
ASX Winners And Losers Of Today – 15-04-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Apr 15 2024
WEEKLY REPORTS
Weekly Update On LICs & LITs – 16-Apr-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Apr 16 2024
Uranium Week: Much To Discuss
Ahead of this week’s global nuclear conference, the uranium spot price ticked higher last week as the SPUT stepped in with buying
Apr 16 2024
Australian Listed Real Estate Tables – 15-04-2024
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Apr 15 2024
Weekly Ratings, Targets, Forecast Changes – 12-04-24
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Apr 15 2024
In Case You Missed It – BC Extra Upgrades & Downgrades – 12-04-24
A summary of the highlights from Broker Call Extra updates throughout the week past
Apr 12 2024
Weekly Top Ten News Stories – 12 April 2024
Our top ten news stories from 04 April 2024 to 11 April 2024
Apr 12 2024
Next Week At A Glance – 15-19 Apr 2024
A brief look at important company events and economic data releases next week
Apr 12 2024
In Brief: Pro Medicus, Trump’s Trade War & Resi Construction
Weekly Broker Wrap: aggressive new target price for Pro Medicus; fears of a new Trump-inspired trade war; the best REITs for falling interest rates; and lagging starts figures for residential construction
Apr 12 2024
The Short Report – 11 Apr 2024
FNArena’s weekly update on short positions in the Australian share market
Apr 11 2024
THE MARKETS
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Australia
17 April 2024 Updated : 09:12 AEDT
SPI Overnight
7612.00
-23.00
-0.30%
NZ50
11788.770
-16.070
-0.140%
All Ordinaries
7862.30
-147.10
-1.84%
S&P ASX 200
7612.50
-140.00
-1.81%
S&P ASX 300
7563.00
-142.40
-1.85%
Communication Services
1497.80
-15.60
-1.03%
Consumer Discretionary
3388.10
-83.00
-2.39%
Consumer Staples
11817.40
-144.80
-1.21%
Energy
10648.40
-192.70
-1.78%
Financials
7100.60
-139.00
-1.92%
Health Care
41222.70
-567.80
-1.36%
Industrials
7008.00
-98.10
-1.38%
Info Technology
2105.00
-27.90
-1.31%
Materials
18100.10
-374.40
-2.03%
Real Estate
3505.20
-68.80
-1.93%
Utilities
8424.50
-185.20
-2.15%
A-REITs
1591.20
-32.30
-1.99%
All Technology Index
2939.00
-46.30
-1.55%
Banks
2941.70
-61.20
-2.04%
Gold Index
7653.80
-119.60
-1.54%
Metals & Mining
5957.40
-133.10
-2.19%
-
World
17 April 2024 Updated : 09:12 AEDT
CAD/USD
0.7235
0.00
-0.21%
EUR/JPY
164.29
-0.03
-0.02%
EUR/USD
1.0621
0.00
-0.10%
GBP/USD
1.2428
0.00
-0.22%
USD/JPY
154.68
+0.14
0.09%
-
Aus Stocks
17 April 2024 Updated : 09:12 AEDT
Amcor (US)
8.83
-0.11
-1.23%
Newmont (US)
38.11
-0.33
-0.86%
Rio Tinto (UK)
5254.00
-156.00
-2.88%
BHP Group (US)
56.96
-2.10
-3.56%
Rio Tinto (US)
65.69
-1.08
-1.62%
ResMed (US)
184.86
-0.23
-0.12%
South32 (UK)
168.80
-8.80
-4.95%
James Hardie (US)
35.36
-0.77
-2.13%
Janus Henderson (US)
30.82
-0.38
-1.22%
Click item/line to change chart
Click item/line to change chart
CALENDAR
Wednesday, 17 April 2024
NZ CPI, Q1 JP trade balance, Mar EZ CPI, Mar UK CPI & PPI, Mar US Fed Beige Book BOQ earnings report EVN quarterly production report NVX AGM SOL ex-div 40c (100%) VEA quarterly report Thursday, 18 April 2024
AU NAB business confidence, Q1 AU unemployment, Mar ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$33.35
CSL CSL LIMITED
$274.70
REA REA GROUP LIMITED
$175.54
TNE TECHNOLOGY ONE LIMITED
$15.80
WOW WOOLWORTHS GROUP LIMITED
$31.88
WEEKLY PDF
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WEEK 15
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FNARENA TALKS
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FNARENA WINDOWS
Window on FOOD, BEVERAGES & TOBACCO
Japan Drags On Domino’s Growth Profile
Domino’s Pizza’s rapid covid era expansion in Japan has led to difficulties, impacting on store rollout and sales growth plans
Apr 16 2024
Window on WEALTH MANAGEMENT & INVESTMENTS
Weekly Update On LICs & LITs – 16-Apr-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Apr 16 2024
Window on MINING SECTOR CONTRACTING
Orica Resumes Up-Trend
Michael Gable of Fairmont Equities sees Orica shares pushing past $20 in the months ahead
Apr 16 2024
SMSFUNDAMENTALS
SMSFundamentals: Inflation Beats Covid, Markets As Retirement Influencer
Australians have become less comfortable with their plans for retirement, and inflation is to blame
Nov 29 2023