FINANCIAL NEWS
ASX Winners And Losers Of Today – 19-04-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
6:35 PM
FNArena Corporate Results Monitor – 19-04-2024
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
11:15 AM
In Case You Missed It – BC Extra Upgrades & Downgrades – 19-04-24
A summary of the highlights from Broker Call Extra updates throughout the week past
10:50 AM
Weekly Top Ten News Stories – 19 April 2024
Our top ten news stories from 11 April 2024 to 18 April 2024
10:40 AM
Next Week At A Glance – 22-26 Apr 2024
A brief look at important company events and economic data releases next week
10:20 AM
Macquarie rates BGL as Downgrade to Neutral from Outperform
While Bellevue Gold's third quarter production of 37,300 ounces of gold left Macquarie a little disappointed, the broker remains optimistic that strong development grades in March bode well for the fourth quarter.
The broker now assumes a long-term mining and milling rate of 1.2m tonnes per annum, subsequently lifting the long-term production outlook by 9%.
The broker looks forward to FY25 guidance for a better indication of Bellevue Gold's long-term cost base.
The rating is downgraded to Neutral from Outperform and the target price increases to $2.00 from $1.90.
Bell Potter rates PMV as Reinitiate coverage with Buy
Premier Investments is currently trading on 14x forecast FY26 PE on Bell Potter's estimates.
The broker thinks the multiple is conservative given the value emerging from the potential demerger of two key brands, Smiggle and Peter Alexander, which Bell Potter believes are "global roll-out" worthy, and highly profitable.
As the Smiggle brand looks to grow its presence in the Middle East and Indonesia via a low-risk wholesale model and Peter Alexander into the UK, the broker suggests the two brands have a long runway ahead.
Bell Potter re-initiates coverage with Buy and a $35 target.
Morgan Stanley rates STO as Equal-weight
March quarter production for Santos missed forecasts by Morgan Stanley and consensus by -2% and -3%, respectively, due to both planned and unplanned outages. A muted share price reaction to the result is anticipated.
The broker assesses good overall production and sales for the quarter, and highlights Barossa is 70.6% complete with first gas still targeted for the 3Q of FY25.
The Equal-weight rating and $8.00 target are maintained. Industry view: Attractive.
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ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
To display the stock analysis for a company please enter the company code:
BHP | BHP GROUP LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$45.09 18 Apr |
OPEN $44.93 |
HIGH $45.42 |
8,702,905 LOW $44.90 |
0.650| TARGET | |||
| $45.133 0.1% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY24 Forecast |
FY25 Forecast |
|---|---|---|
| EPS (cps) | 405.9 | xxx |
| DPS (cps) | 231.0 | xxx |
| EPS Growth | N/A | xxx |
| DPS Growth | N/A | xxx |
| PE Ratio | 11.0 | xxx |
| Dividend Yield | 5.2% | xxx |
| Div Pay Ratio(%) | 56.9% | xxx |
DAILY FINANCIAL NEWS
FNArena Corporate Results Monitor – 19-04-2024
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
11:15 AM - Australia
Bank of Queensland’s result beat forecasts but brokers claim low quality, and line up to retain Sell ratings
Apr 18 2024 - Australia
A glance through the latest expert views and predictions about commodities: potential upside as gold stocks bridge the gap to a surging gold price; plus rising rare earths price forecasts
Apr 18 2024 - Commodities
Wealth platform Hub24 has marked a record March quarter of inflows but will see revenue margins fall from here
Apr 17 2024 - Australia
A glance through the latest expert views and predictions about commodities. Base metal pricing aided by Russian bans along with decarbonisation tailwinds; plus price forecasts for coal and iron ore
Apr 17 2024 - Commodities
The Chartist reports the trend for the copper price remains to the upside, but a breather is likely soon
Apr 17 2024 - Technicals
PR NEWSWIRE
Hyundai Capital continues global expansion with new entities in Asia Pacific
10:00 AM - PR NewsWire
Moomoo and Nasdaq Celebrate Six-Year Partnership and Announce a Global Strategic Partnership to Continue Promoting Investor Education
8:00 AM - PR NewsWire
2024 Appian Innovation Award Winners Demonstrate Significant Business Results with Next-Gen AI Process Automation
Apr 18 2024 - PR NewsWire
Bybit Card Collaborates with International eSIM Provider Airalo, Bringing Seamless Connectivity to the EEA Region and Australia
Apr 18 2024 - PR NewsWire
Mini brains and lab-on-a-chip wearables: Jumar Bioincubator officially begins its mission to build “Australia’s next CSL”
Apr 18 2024 - PR NewsWire
Finmo Introduces Direct Real-Time Payment (RTP) Integration in Australia and Expands Global Team
Apr 18 2024 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: Shaky Sentiment Ahead Of Corporate Updates
In this week's Weekly Insights: -Shaky Sentiment Ahead Of Corporate Updates-Everybody's A Gold Bull-Best Buys & Conviction Calls By Rudi…
Apr 17 2024
DAILY MARKET REPORTS
ASX Winners And Losers Of Today – 19-04-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
6:35 PM
The Overnight Report: Loser
Down -0.2% last night, the S&P500 has now posted its longest losing streak since October. (Available for non-subscribers after 10am)
9:00 AM
ASX Winners And Losers Of Today – 18-04-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Apr 18 2024
Australian Broker Call *Extra* Edition – Apr 18, 2024
Extra Edition of the Broker Call Report
Apr 18 2024
The Overnight Report: Reality Check
A maker of machines that make AI chips posted a weak earnings result last night, triggering selling in the space. S&P500 down -0.6%. (Available for non-subscribers after 10am)
Apr 18 2024
WEEKLY REPORTS
In Case You Missed It – BC Extra Upgrades & Downgrades – 19-04-24
A summary of the highlights from Broker Call Extra updates throughout the week past
10:50 AM
Weekly Top Ten News Stories – 19 April 2024
Our top ten news stories from 11 April 2024 to 18 April 2024
10:40 AM
Next Week At A Glance – 22-26 Apr 2024
A brief look at important company events and economic data releases next week
10:20 AM
In Brief: Made In Australia, Insurance & Groceries
Weekly Broker Wrap: beneficiaries of the Future Made in Australia Act; rising excesses for general insurers; plus impacts of grocery market inquiry
10:00 AM
The Short Report – 18 Apr 2024
FNArena’s weekly update on short positions in the Australian share market
Apr 18 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
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
THE MARKETS
-
Australia
19 April 2024 Updated : 20:12 AEDT
SPI Overnight
7612.00
-55.00
-0.72%
NZ50
11796.210
-39.830
-0.340%
All Ordinaries
7817.40
-81.50
-1.03%
S&P ASX 200
7567.30
-74.80
-0.98%
S&P ASX 300
7518.90
-74.90
-0.99%
Communication Services
1484.00
-11.20
-0.75%
Consumer Discretionary
3380.90
-28.30
-0.83%
Consumer Staples
11744.00
-89.50
-0.76%
Energy
10576.60
-9.70
-0.09%
Financials
7063.50
-80.70
-1.13%
Health Care
40624.80
-206.60
-0.51%
Industrials
6958.70
-72.80
-1.04%
Info Technology
2100.80
-33.00
-1.55%
Materials
18010.80
-199.00
-1.09%
Real Estate
3471.50
-50.90
-1.45%
Utilities
8652.40
-54.10
-0.62%
A-REITs
1576.40
-23.20
-1.45%
All Technology Index
2930.40
-31.50
-1.06%
Banks
2931.20
-27.70
-0.94%
Gold Index
7893.60
+61.60
0.79%
Metals & Mining
5938.80
-68.90
-1.15%
-
World
19 April 2024 Updated : 20:12 AEDT
CAD/USD
0.7266
0.00
-0.06%
EUR/JPY
164.62
-0.18
-0.11%
EUR/USD
1.0655
0.00
-0.17%
GBP/USD
1.2447
0.00
-0.21%
USD/JPY
154.53
+0.12
0.08%
-
Aus Stocks
19 April 2024 Updated : 20:12 AEDT
Amcor (US)
8.90
+0.07
0.79%
Newmont (US)
38.55
-0.01
-0.03%
Rio Tinto (UK)
5331.00
-40.00
-0.74%
BHP Group (US)
57.99
-0.42
-0.72%
Rio Tinto (US)
66.68
-0.10
-0.15%
ResMed (US)
177.61
+3.78
2.17%
South32 (UK)
167.30
-2.60
-1.53%
James Hardie (US)
34.28
-0.45
-1.30%
Janus Henderson (US)
30.47
-0.27
-0.88%
Click item/line to change chart
Click item/line to change chart
CALENDAR
Friday, 19 April 2024
JP CPI, Mar UK retail sales, Mar PLS quarterly production report WDS quarterly production report WHC quarterly production report Monday, 22 April 2024
S32 quarterly production report Tuesday, 23 April 2024
US new home sales, Mar XX flash estimates of global PMIs, Apr BXB quarterly report NST quarterly production report Wednesday, 24 April 2024
ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$33.25
CSL CSL LIMITED
$269.49
REA REA GROUP LIMITED
$175.97
TNE TECHNOLOGY ONE LIMITED
$15.76
WOW WOOLWORTHS GROUP LIMITED
$31.40
WEEKLY PDF
Stories To Read From FNArena
WEEK 16
WEEK 15
WEEK 14
WEEK 13
WEEK 12
FNARENA TALKS
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FNARENA WINDOWS
Window on BANKS
Bank of Queensland: Beautiful One Day
Bank of Queensland’s result beat forecasts but brokers claim low quality, and line up to retain Sell ratings
Apr 18 2024
Window on MINING
Material Matters: Gold, Gold Stocks & Rare Earths
A glance through the latest expert views and predictions about commodities: potential upside as gold stocks bridge the gap to a surging gold price; plus rising rare earths price forecasts
Apr 18 2024
Window on WEALTH MANAGEMENT & INVESTMENTS
Award-Winning Hub24
Wealth platform Hub24 has marked a record March quarter of inflows but will see revenue margins fall from here
Apr 17 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