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
1:07 PM
Weekly Update On LICs & LITs – 16-Apr-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
11:30 AM
Orica Resumes Up-Trend
Michael Gable of Fairmont Equities sees Orica shares pushing past $20 in the months ahead
11:00 AM
Australian Broker Call *Extra* Edition – Apr 16, 2024
Extra Edition of the Broker Call Report
10:30 AM
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
10:00 AM
Macquarie rates BSL as Outperform
To reflect the re-rating of US peers, Macquarie lifts its North American multiples for both North Star and Building & Coated Products. The broker also expects an earnings recovery based on recovering steel prices in the US (and spreads).
Steel prices also appear to be bottoming in Asia, though spreads are being supported more by moderating prices of steel inputs, suggests Macquarie.
As occurred in Australia, BlueScope Steel's US portfolio composition is moving towards less volatile, value-added revenues over time, explains the analyst.
Outperform rating retained. Target price rises to $29.45 from $25.
Bell Potter rates CTT as Upgrade to Buy from Hold
A strong third quarter trading update from Cettire, according to Bell Potter, with the company reporting sales revenue of $168m in a 14% beat to the broker's estimates.
The company claims to be well positioned for its fourth quarter, supported by "seasonally improving metrics, growing supply and resilient demand."
The China launch was confirmed for the coming quarter. The rating is upgraded to Buy from Hold and the target price decreases to $4.00 from $4.50.
Morgans rates ORI as Hold
Two new acquistions by Orica helps diversify the company's commodities mix, notes Morgans, with exposure to gold rising to 25% of revenue from 21%. Earnings from North America also increase to 25% from 22%.
These changes are in line with the company's beyond blasting strategy, notes the broker.
The acquisitions are in Mining Chemicals and Digital Solutions and were purchased from private equity at relatively full multiples, according to the broker.
After taking into account the combined -$1,546m acquistion costs and a $465m capital raise, Morgans' target rises to $18.78 from $16.80. The Hold rating is maintained.
Orica's first half result is due on May 9.
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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
1:07 PM - Australia
Michael Gable of Fairmont Equities sees Orica shares pushing past $20 in the months ahead
11:00 AM - 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
Infosys drives hybrid cloud-powered innovation for Team Global Express
3:31 PM - PR NewsWire
Infosys drives hybrid cloud-powered innovation for Team Global Express
2:59 PM - PR NewsWire
P&G Appoints Neal Reed as Senior Vice President and Managing Director, P&G Australia and New Zealand
1:46 PM - 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
11:00 AM - PR NewsWire
Last Yard and YY Solutions Collaborate to Help Supercharge Innovation for Japanese Retailers
11:00 AM - PR NewsWire
TLX101-CDx (Pixclara™) Granted FDA Fast Track Designation
8:42 AM - 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
Australian Broker Call *Extra* Edition – Apr 16, 2024
Extra Edition of the Broker Call Report
10:30 AM
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)
9:00 AM
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
Australian Broker Call *Extra* Edition – Apr 15, 2024
Extra Edition of the Broker Call Report
Apr 15 2024
The Monday Report – 15 April 2024
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead
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
11:30 AM
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
10:00 AM
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
-
Australia
16 April 2024 Updated : 16:42 AEDT
SPI Overnight
7725.00
-63.00
-0.81%
NZ50
11804.840
-111.940
-0.940%
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
16 April 2024 Updated : 16:42 AEDT
CAD/USD
0.7243
0.00
-0.51%
EUR/JPY
163.96
-0.01
0.00%
EUR/USD
1.0607
-0.01
-0.48%
GBP/USD
1.2419
-0.01
-0.55%
USD/JPY
154.57
+0.73
0.48%
-
Aus Stocks
16 April 2024 Updated : 16:42 AEDT
Amcor (US)
8.94
+0.03
0.34%
Newmont (US)
38.44
-0.20
-0.52%
Rio Tinto (UK)
5412.70
+2.70
0.05%
BHP Group (US)
59.06
+0.50
0.85%
Rio Tinto (US)
66.77
+0.78
1.18%
ResMed (US)
185.09
-0.77
-0.41%
South32 (UK)
177.60
0.00
0.00%
James Hardie (US)
36.13
-0.53
-1.45%
Janus Henderson (US)
31.20
-0.53
-1.67%
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CALENDAR
Tuesday, 16 April 2024
CH fixed asset investment, Mar CH GDP, Q1 CH industrial production, Mar CH retail sales, Mar EZ ZEW business confidence, Apr UK unemployment, Feb US Fed chair speaks US housing starts, Mar US industrial production, Mar COE quarterly production report HUB quarterly report RIO quarterly production report Wednesday, 17 April 2024
ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$33.30
CSL CSL LIMITED
$274.08
REA REA GROUP LIMITED
$175.85
TNE TECHNOLOGY ONE LIMITED
$15.77
WOW WOOLWORTHS GROUP LIMITED
$31.92
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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
1:07 PM
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
11:30 AM
Window on MINING SECTOR CONTRACTING
Orica Resumes Up-Trend
Michael Gable of Fairmont Equities sees Orica shares pushing past $20 in the months ahead
11:00 AM
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