FINANCIAL NEWS

FNArena Corporate Results Monitor – 22-09-2023

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments

11:14 AM


Weekly Top Ten News Stories – 22 September 2023

Our top ten news stories from 14 September 2023 to 21 September 2023

11:04 AM


Next Week At A Glance – 25-29 Sep 2023

A brief look at important company events and economic data releases next week

11:03 AM


In Case You Missed It – BC Extra Upgrades & Downgrades – 22-09-23

A summary of the highlights from Broker Call Extra updates throughout the week past

10:36 AM


In Brief: Iron Ore; Banks; Migration; AI

Weekly Broker Wrap: Iron ore facing challenges; the resilient mortgage market; surging migration; AI creating multi-earners

10:00 AM


Macquarie rates FSF as Neutral

While Fonterra Shareholders Fund produced a record result in FY23, Macquarie notes half of the earnings per share were driven by price relativities. The situation remains favourable for FY24 earnings, along with falling milk prices aiding C&FS margins, the broker adds.

Distributions are estimated to remain at the top of the range, although increased capital expenditure may drag on medium-term free cash flow.

As a result Macquarie considers the stock fully valued at present and retains a Neutral rating. Target is reduced to NZ$3.52 from NZ$3.63.

Citi rates MP1 as Upgrade to Buy from Neutral

Citi upgrades Megaport to Buy from Neutral, anticipating upside risk to FY24 forecasts and retaining an EBITDA forecast that is 10% above consensus.

The business is considered a substantial beneficiary of increased cloud adoption and the increased investment and focus on the customer should result in greater share of wallet.

The company is making progress on hiring staff with management expecting 20 new sales roles by the end of October. Target is raised to $12..50 from $11.00.

Bell Potter rates MSB as Upgrade to Speculative Buy from Hold

Mesoblast has met with the US FDA and provided clarity regarding the nature of the potency assay data that is now required, having confirmed the strategy for resubmission of a Biological Licence Application for Remestemcel-L in paediatric Graft versus Host Disease (GvHD).

Subsequent to the success of generating new data, Bell Potter is encouraged by the outcome of the meeting and estimates a submission could occur in the first quarter of 2024.

The broker makes no changes to earnings and valuation with the target unchanged at $0.58. Rating is upgraded to Speculative Buy from Hold based on the movement in the share price.

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:

ANZ | ANZ GROUP HOLDINGS LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$25.05

21 Sep
2023

-0.490

OPEN

$25.33

-1.92%

HIGH

$25.43

7,914,097

LOW

$24.96

TARGET
$26.472 5.7% upside
Franking for last dividend paid out: 100%
FNARENA'S MARKET CONSENSUS FORECASTS
ANZ: 1
Title FY21
Actual
FY22
Actual
FY23
Forecast
FY24
Forecast
EPS (cps) xxx 250.0 236.9 xxx
DPS (cps) xxx 145.4 162.5 xxx
EPS Growth xxx 16.1% - 5.3% xxx
DPS Growth xxx 3.2% 11.7% xxx
PE Ratio xxx N/A 10.5 xxx
Dividend Yield xxx N/A 6.5% xxx
Div Pay Ratio(%) xxx 58.2% 68.6% xxx

RUDI ON TWITTER

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DAILY FINANCIAL NEWS

FNArena Corporate Results Monitor – 22-09-2023

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments

11:14 AM - Australia


A mild winter and cycling covid reopening has led to KMD Brands suffering sales weakness

Sep 21 2023 - Australia


Pundits say innovation in iron-based batteries is a game-changer – welcome to the new iron age

Sep 21 2023 - ESG Focus


FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments

Sep 20 2023 - Australia


The Chartist reports iron ore is in an ongoing uptrend, although resistance looms at higher levels

Sep 20 2023 - Technicals


FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s idea is ALS Ltd

Sep 19 2023 - Treasure Chest


RUDI'S VIEWS

Rudi’s View: Navigating The Post-August Complexities

In this week's Weekly Insights: -Navigating The Post-August Complexities-Best Ideas and Conviction Calls-FNArena Talks Navigating The Post-August Complexities By Rudi…

Sep 20 2023

DAILY MARKET REPORTS

The Overnight Report: No Relief

Higher for long rates; looming shutdown; stubborn labour market; S&P down -1.6%. (Available for non-subscribers after 10am)

9:22 AM


Today’s Financial Calendar – 22-09-2023

Significant Scheduled Events For 22 September, 2023

8:15 AM


ASX Winners And Losers Of Today – 21-09-23

The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day

Sep 21 2023


The Overnight Report: Higher For Longer

Wall Street sold off on the Fed last night to close on its lows. S&P down -0.9%. (Available for non-subscribers after 10am)

Sep 21 2023


Today’s Financial Calendar – 21-09-2023

Significant Scheduled Events For 21 September, 2023

Sep 21 2023


ASX Winners And Losers Of Today – 20-09-23

The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day

Sep 20 2023


Australian Broker Call *Extra* Edition – Sep 20, 2023

Extra Edition of the Broker Call Report

Sep 20 2023


WEEKLY REPORTS

Weekly Top Ten News Stories – 22 September 2023

Our top ten news stories from 14 September 2023 to 21 September 2023

11:04 AM

Next Week At A Glance – 25-29 Sep 2023

A brief look at important company events and economic data releases next week

11:03 AM

In Case You Missed It – BC Extra Upgrades & Downgrades – 22-09-23

A summary of the highlights from Broker Call Extra updates throughout the week past

10:36 AM


In Brief: Iron Ore; Banks; Migration; AI

Weekly Broker Wrap: Iron ore facing challenges; the resilient mortgage market; surging migration; AI creating multi-earners

10:00 AM

The Short Report – 21 Sep 2023

FNArena’s weekly update on short positions in the Australian share market

Sep 21 2023

Uranium Week: Price Surging

With supply curtailed and demand rising, the spot uranium price is now at its highest level since Fukushima

Sep 19 2023


Australian Listed Real Estate Tables – 18-09-2023

FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data

Sep 18 2023

Weekly Ratings, Targets, Forecast Changes – 15-09-23

Weekly update on stockbroker recommendation, target price, and earnings forecast changes

Sep 18 2023

In Case You Missed It – BC Extra Upgrades & Downgrades – 15-09-23

Starting today, FNArena is publishing a summary of the highlights from Broker Call Extra updates throughout the week past

Sep 15 2023


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THE MARKETS

    Click item/line to change chart

  • Australia

    22 September 2023   Updated : 15:42   AEDT

    SPI Overnight

    7013.00

    -97.00

    -1.36%

    NZ50

    11372.620

    +53.880

    0.480%

    All Ordinaries

    7252.60

    -14.00

    -0.19%

    S&P ASX 200

    7051.80

    -13.40

    -0.19%

    S&P ASX 300

    7002.00

    -13.70

    -0.20%

    Communication Services

    1487.80

    -5.30

    -0.35%

    Consumer Discretionary

    3076.20

    -23.60

    -0.76%

    Consumer Staples

    12267.30

    +7.10

    0.06%

    Energy

    11402.50

    +13.10

    0.12%

    Financials

    6287.50

    +2.20

    0.04%

    Health Care

    37393.10

    -390.70

    -1.03%

    Industrials

    6557.90

    +17.60

    0.27%

    Info Technology

    1740.10

    -18.40

    -1.05%

    Materials

    17328.50

    +39.40

    0.23%

    Real Estate

    2953.50

    -49.90

    -1.66%

    Utilities

    8475.00

    +19.10

    0.23%

    A-REITs

    1319.50

    -22.60

    -1.68%

    All Technology Index

    2468.50

    -20.40

    -0.82%

    Banks

    2561.70

    -0.50

    -0.02%

    Gold Index

    6670.90

    -13.50

    -0.20%

    Metals & Mining

    5773.40

    +17.90

    0.31%

    Click item/line to change chart

  • Australasia

    22 September 2023   Updated : 15:42   AEDT

    AUD/USD

    0.6426

    +0.00

    0.33%

    AUD/NZD

    1.0824

    +0.00

    0.04%

    NZD/USD

    0.5936

    +0.00

    0.27%

    AUD/JPY

    95.11

    +0.26

    0.28%

    SGD/AUD

    1.14

    0.00

    -0.14%

    AUD/EUR

    0.6032

    +0.00

    0.30%

    AUD/GBP

    0.5231

    +0.00

    0.35%

    AUDCAD

    0.8655

    +0.00

    0.07%

  • World

    22 September 2023   Updated : 15:42   AEDT

    CAD/USD

    0.7425

    +0.00

    0.27%

    EUR/JPY

    157.68

    -0.02

    -0.02%

    EUR/USD

    1.0653

    +0.00

    0.03%

    GBP/USD

    1.2282

    0.00

    -0.01%

    USD/JPY

    148.03

    -0.05

    -0.04%

    Click item/line to change chart

  • World

    22 September 2023   Updated : 15:42   AEDT

    FTSE100

    7678.62

    -53.03

    -0.69%

    DAX30

    15571.86

    -209.73

    -1.33%

    Hang Seng

    17822.70

    +167.29

    0.95%

    Nikkei 225

    32415.00

    -156.03

    -0.48%

    DJIA

    34070.42

    -370.46

    -1.08%

    S&P500

    4330.00

    -72.20

    -1.64%

    Nasdaq Comp

    13223.99

    -245.14

    -1.82%

    S&P500 VIX

    17.54

    +2.40

    15.85%

    US 10-year yield

    4.480

    +0.131

    3.010%

    USD Index

    105.38

    +0.03

    0.03%

  • Aus Stocks

    22 September 2023   Updated : 15:42   AEDT

    Amcor (US)

    9.11

    -0.15

    -1.62%

    Rio (UK)

    5172.24

    -111.76

    -2.12%

    BHP (US)

    55.67

    -1.80

    -3.13%

    Rio (US)

    63.74

    -1.78

    -2.72%

    ResMed (US)

    136.29

    -4.87

    -3.45%

    South32 (UK)

    173.00

    -2.60

    -1.48%

    James Hardie (US)

    26.30

    -1.04

    -3.80%

    Janus Henderson (US)

    26.68

    -0.32

    -1.19%

    Newcrest (CA)

    23.19

    -0.22

    -0.94%

    Click item/line to change chart

  • Metals & Minerals

    22 September 2023   Updated : 09:13   AEDT

    Gold (oz)

    1919.50

    -10.30

    -0.53%

    Silver (oz)

    23.38

    +0.16

    0.69%

    Copper (lb)

    3.6651

    -0.08

    -2.17%

    Aluminium (lb)

    0.9810

    -0.01

    -1.46%

    Nickel (lb)

    8.5823

    -0.22

    -2.53%

    Zinc (lb)

    1.1318

    +0.01

    1.10%

    Copper (t)

    8080.00

    -179.00

    -2.17%

    Aluminium (t)

    2163.00

    -32.00

    -1.46%

    Nickel (t)

    18921.00

    -491.00

    -2.53%

    Zinc (t)

    2495.00

    +27.00

    1.09%

    Uranium (lb) weekly

    65.50

    +3.50

    5.65%

    Iron Ore (t)

    118.06

    -3.72

    -3.05%

  • Energy

    22 September 2023   Updated : 09:13   AEDT

    West Texas Crude

    89.63

    -0.65

    -0.72%

    Brent Crude

    93.30

    +0.12

    0.13%

CALENDAR

Friday, 22 September 2023
NZ trade balance, Aug
JP BoJ policy meeting
JP CPI, Aug
UK retail sales, Aug
XX flash estimates of global PMIs, Sep
STX earnings report
Monday, 25 September 2023
EZ Germany IFO investor confidence, Sep
AIA ex-div 3.7c (0%)
Tuesday, 26 September 2023
US Conference Board consumer confidence, Sep
US new home sales, Aug
CXO earnings report

ALL WEATHER STOCKS

Code Company Price
CAR CARSALES.COM LIMITED

$28.71

COL COLES GROUP LIMITED

$15.58

CSL CSL LIMITED

$252.42

REA REA GROUP LIMITED

$156.71

TNE TECHNOLOGY ONE LIMITED

$15.23

WEEKLY PDF

Stories To Read From FNArena


WEEK 36

WEEK 35

WEEK 34

WEEK 33

WEEK 32

FNARENA TALKS

FNARENA WINDOWS

Window on SPORTS & RECREATION

Tough Times For KMD Brands

A mild winter and cycling covid reopening has led to KMD Brands suffering sales weakness

Sep 21 2023


Window on IRON ORE

ESG Focus: Grid Set To Enter An Iron Age

Pundits say innovation in iron-based batteries is a game-changer – welcome to the new iron age

Sep 21 2023


Window on BULKS

Iron Ore: Uptrend

The Chartist reports iron ore is in an ongoing uptrend, although resistance looms at higher levels

Sep 20 2023


SMSFUNDAMENTALS

SMSFundamentals: ETFs Killing It In Tough Times

ETF markets hit new records globally and domestically in the June half, as investors, pressured by rising interest rates, flocked to low fees, hedged exposures, rate exposures and outperforming equity ETFs. Re-published to correct market share in BetaShare report

Jul 24 2023


FEATURE STORIES

Rudi’s Comprehensive August 2023 Review

A compilation of stories relating to the August 2023 corporate reporting season in Australia, including FNArena’s final balance for the season

Sep 21 2023