FINANCIAL NEWS
ASX Winners And Losers Of Today – 05-10-22
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
5:35 PM
Life360: Building Tomorrow’s Dominant Brand
New broker research reinforces the global opportunity for Life360 to become a dominant brand
11:25 AM
China’s Bubble That Never Bursts
Is it possible the Chinese financial system is more resilient, and its policymakers more innovative, than Western critics give them credit for?
10:59 AM
Dr Boreham’s Crucible: Pharmaxis
Pharmaxis might be two clinical studies away from rehabilitation, reports Tim Boreham
10:30 AM
Weaker Oz House Prices To Reverberate In 2023
Australian housing prices are forecast to continue declining as rising interest rates have yet to impact in full, with consequences for the broader economy in 2023
9:59 AM
Macquarie rates BHP as Outperform
Macquarie has been impressed by the speed of ramp up at BHP Group's South Flank, with the project delivered on time and on budget and twice as fast as its Jimblebar ramp up.
BHP Group expects South Flank to sustainably achieve production of 80m tonnes annually within three years, which is in line with Macquarie's base case forecasts, although the company is yet to test ultimate capacity and identify bottlenecks.
The Outperform rating and target price of $45.00 are retained.
UBS rates FMG as Sell
UBS lowers short term price forecasts for base metals and bulks. Changing supply and demand dynamics result in higher forecasts for lithium prices and higher longer-term price estimates for coal, aluminium, zinc and lead.
The broker points out prices for most commodities are still above cost support levels and do not yet fully 'price in' a recession. Short term iron ore and copper price forecasts are lowered, and near-term earnings risk is considered to be skewed to the downside.
A Sell rating is retained for Fortescue Metals and the target falls to $14.30 from $15.80.
Morgan Stanley rates IAG as Underweight
Morgan Stanley foresees downside risk on margins for Insurance Australia Group.
Home pricing for the group was slightly negative in September quarter, when the broker's survey showed new business Home pricing had increased by around 11% across the industry.
The group's Motor pricing increased but lagged peers. The survey revealed a 15% increase in pricing for new business over the September quarter.
The Underweight rating and $3.90 target are retained. Industry View: In-Line.
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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 |
|---|---|---|---|
|
$40.07 04 Oct |
OPEN $39.65 |
HIGH $40.15 |
11,311,429 LOW $39.37 |
1.470| TARGET | |||
| $41.517 3.6% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY23 Forecast |
FY24 Forecast |
|---|---|---|
| EPS (cps) | 454.9 | xxx |
| DPS (cps) | 333.8 | xxx |
| EPS Growth | N/A | xxx |
| DPS Growth | N/A | xxx |
| PE Ratio | 8.9 | xxx |
| Dividend Yield | 8.2% | xxx |
| Div Pay Ratio(%) | 73.4% | xxx |
DAILY FINANCIAL NEWS
Life360: Building Tomorrow’s Dominant Brand
New broker research reinforces the global opportunity for Life360 to become a dominant brand
11:25 AM - Small Caps
Is it possible the Chinese financial system is more resilient, and its policymakers more innovative, than Western critics give them credit for?
10:59 AM - International
Pharmaxis might be two clinical studies away from rehabilitation, reports Tim Boreham
10:30 AM - Small Caps
Australian housing prices are forecast to continue declining as rising interest rates have yet to impact in full, with consequences for the broader economy in 2023
9:59 AM - Australia
Bringing forward its already planned coal exit, AGL Energy has announced the closure of its Loy Yang A project by 2035 as the company focuses on renewable energy.
Oct 04 2022 - ESG Focus
Michael Gable of Fairmont Equities suggests the S&P500 is positioned for more downside despite last night’s bounce
Oct 04 2022 - Technicals
PR NEWSWIRE
JumpySIM and Spacetalk Adventurer Update
11:07 AM - PR NewsWire
SSAB Initiates Cooperation With Schlam In Promoting Fossil-free Steel, Market Products to Reduce CO2 Footprint
11:00 AM - PR NewsWire
Global Milk Industry Digestibility Breakthrough
7:00 AM - PR NewsWire
NORD/LB partners with Trade Ledger to bring fast finance to corporates
6:00 AM - PR NewsWire
PwC announces record global revenues of US$50 billion
Oct 04 2022 - PR NewsWire
Cyware and Orca Tech join hands to offer advanced Cyber Fusion and Threat Intelligence Solutions in Australia-New Zealand Region
Oct 04 2022 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: Good News, How To Use PE Ratios & Conviction Calls
In this week's Weekly Insights: -Good News-PEs – The Tool That Both Enlightens And Confuses-Conviction Calls-Research To Download-FNArena Talks (3x)…
Sep 29 2022
DAILY MARKET REPORTS
ASX Winners And Losers Of Today – 05-10-22
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
5:35 PM
The Overnight Report: Day Two
Wall Street’s turnaround rally accelerated into a second session last night. Dow up 835. (Available for non-subscribers after 10am)
9:04 AM
ASX Winners And Losers Of Today – 04-10-22
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Oct 04 2022
Australian Broker Call *Extra* Edition – Oct 04, 2022
Extra Edition of the Broker Call Report
Oct 04 2022
The Overnight Report: Nice Start
An about-face in UK policy, leading to lower bond yields and a lower US dollar, provided impetus for a strong start to the new quarter on Wall Street. Dow up 765. (Available for non-subscribers after 10am)
Oct 04 2022
Today’s Financial Calendar – 04-10-2022
Significant Scheduled Events For 04 October, 2022
Oct 04 2022
WEEKLY REPORTS
Uranium Week: Contango
As financial market turmoil weighs on the spot uranium market while term market demand remains elevated, the uranium curve has moved into contango
Oct 04 2022
Australian Listed Real Estate Tables – 03-10-2022
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Oct 03 2022
Weekly Ratings, Targets, Forecast Changes – 30-09-22
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Oct 03 2022
Weekly Top Ten News Stories – 30 September 2022
Our top ten news stories from 22 September 2022 to 29 September 2022
Sep 30 2022
Next Week At A Glance – 3-7 Oct 2022
A brief look at important company events and economic data releases next week
Sep 30 2022
In Brief: Inflation, Property Sentiment, Bank Buybacks, Gaming Regulation
Weekly broker wrap: impacts of further fiscal support, low property sentiment, declining bank equity, gaming regulatory concerns
Sep 30 2022
The Short Report – 29 Sep 2022
FNArena’s weekly update on short positions in the Australian share market
Sep 29 2022
Uranium Week: Tentative Bounce
After falling heavily post the US CPI release, spot uranium bounced slightly last week, but reluctance remains
Sep 27 2022
Australian Listed Real Estate Tables – 26-09-2022
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Sep 26 2022
THE MARKETS
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Australia
05 October 2022 Updated : 20:12 AEDT
SPI Overnight
6803.00
+107.00
1.60%
NZ50
9214.870
-42.310
-0.460%
All Ordinaries
7030.90
+125.60
1.82%
S&P ASX 200
6815.70
+116.40
1.74%
S&P ASX 300
6796.80
+118.10
1.77%
Communication Services
1395.10
+22.80
1.66%
Consumer Discretionary
2772.90
+73.30
2.72%
Consumer Staples
12458.20
-5.30
-0.04%
Energy
10950.00
+127.10
1.17%
Financials
6172.30
+140.40
2.33%
Health Care
41807.20
+639.20
1.55%
Industrials
6092.10
+95.40
1.59%
Info Technology
1474.90
+54.70
3.85%
Materials
16121.90
+226.20
1.42%
Real Estate
2931.40
+27.90
0.96%
Utilities
6885.10
+45.50
0.67%
A-REITs
1290.50
+10.90
0.85%
All Technology Index
2093.40
+83.50
4.15%
Banks
2577.20
+65.60
2.61%
Gold Index
4942.60
+65.40
1.34%
Metals & Mining
5412.30
+69.90
1.31%
-
World
05 October 2022 Updated : 20:12 AEDT
CAD/USD
0.7367
+0.00
0.38%
EUR/JPY
143.64
+0.93
0.65%
EUR/USD
0.9947
+0.01
0.87%
GBP/USD
1.1413
+0.00
0.31%
USD/JPY
144.41
-0.30
-0.21%
-
Aus Stocks
05 October 2022 Updated : 20:12 AEDT
Amcor (US)
11.28
+0.25
2.27%
Rio (UK)
5010.00
-79.00
-1.55%
BHP (US)
53.23
+1.57
3.04%
Rio (US)
59.25
+2.22
3.89%
ResMed (US)
228.73
+4.86
2.17%
South32 (UK)
218.35
-2.15
-0.98%
James Hardie (US)
21.77
+1.32
6.45%
Telstra (US)
12.66
+0.04
0.32%
Janus Henderson (US)
21.89
+0.94
4.49%
Newcrest (CA)
15.91
+0.50
3.24%
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CALENDAR
Wednesday, 5 October 2022
NZ RBNZ policy meeting CH markets closed US ADP private sector unemployment, Sep US trade balance, Aug XX global services PMIs, Sep DEG earnings result RIC ex-div 4c (100%) Thursday, 6 October 2022
AU trade balance, Aug CH markets closed EZ retail sales, Aug ARB ex-div 32c (100%) IMD AGM ALL WEATHER STOCKS
Code Company Price COL COLES GROUP LIMITED 
$16.57
CSL CSL LIMITED
$290.50
REA REA GROUP LIMITED
$129.60
RMD RESMED INC
$35.61
TNE TECHNOLOGY ONE LIMITED
$11.40
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FNARENA TALKS
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FNARENA WINDOWS
Window on SOFTWARE & SERVICES
Life360: Building Tomorrow’s Dominant Brand
New broker research reinforces the global opportunity for Life360 to become a dominant brand
11:25 AM
Window on PHARMACEUTICALS & BIOTECH/LIFESCIENCES
Dr Boreham’s Crucible: Pharmaxis
Pharmaxis might be two clinical studies away from rehabilitation, reports Tim Boreham
10:30 AM
Window on BANKS
Weaker Oz House Prices To Reverberate In 2023
Australian housing prices are forecast to continue declining as rising interest rates have yet to impact in full, with consequences for the broader economy in 2023
9:59 AM
SMSFUNDAMENTALS
ETFs: The African Equities Frontier
Africa collectively is one of the fastest growing economies in the world, and a growing number of African ETFs is providing opportunity for investors
Sep 28 2022