FINANCIAL NEWS

ASX Winners And Losers Of Today – 07-12-23

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

Dec 07 2023


Perpetual Motion

In a hectic day for wealth manager Perpetual, it announced a strategic review, which immediately prompted a takeover offer, which was swiftly rejected. Brokers agree with the rejection

Dec 07 2023


The Short Report – 07 Dec 2023

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

Dec 07 2023


Santa Claus Down Under

Daniel Goulding dug deeper into the empirical data to find out whether Santa Claus rallies in Australia have any relevance for investors

Dec 07 2023


Australian Broker Call *Extra* Edition – Dec 07, 2023

Extra Edition of the Broker Call Report

Dec 07 2023


Bell Potter rates AIS as Buy

Aeris Resources is undertaking a $30m equity raising, comprising a $13.9m institutional placement and a $16.1m entitlement offer, resulting in the issue of 273m new shares.

Raised funds are to be used for general capital and to maintain financial flexibility to progress key growth projects.

Bell Potter has adjusted its updates accordingly, predominantly reducing the company's working capital balance which the broker expects to decreases by -$80m by end of December, compared to end of June.

The Buy rating is retained and the target price decreases to 23 cents from 30 cents.

Morgan Stanley rates BOQ as Underweight

Morgan Stanley notes cautious commentary (broadly in line with prior comments) at Bank of Queensland's AGM with management expecting "lower returns" in FY24 due to ongoing revenue and margin pressure.

The bank is also expecting low-single-digit growth in the underlying cost base, and anticipates "returning to profitability growth in FY25 and FY26 when the cycle turns".

During this period, management is targeting payment of dividends at the lower-end of the bank's payout ratio, implying to Morgan Stanley an increasing likelihood of a dividend cut.

Underweight rating. Target $5.30. Industry view: In-line.

Citi rates MFG as Neutral

Citi remains cautious on near-term funds under management (FUM) growth for Magellan Financial following an initial look at yesterday's release of flow details for November. FUM rose by $0.9bn, as -$1bn in outflows were trumped by a $1.9bn increase from Markets/Other.

Compared to October, there was a slight reduction in the general level of underperformance from funds, observe the analysts, yet relative performance remains weak across time frames of three to five years.

FUM for Global Equities continues to decline, points out the broker, and is now below Infrastructure FUM for the first time.

Neutral. Target price of $7.00.

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

$24.70

06 Dec
2023

0.310

OPEN

$24.52

1.27%

HIGH

$24.75

8,399,912

LOW

$24.44

TARGET
$26.150 5.9% upside
Franking for last dividend paid out: 56%
FNARENA'S MARKET CONSENSUS FORECASTS
ANZ: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 236.8 215.7 xxx
DPS (cps) xxx 175.0 162.2 xxx
EPS Growth xxx - 5.3% - 8.9% xxx
DPS Growth xxx 20.3% - 7.3% xxx
PE Ratio xxx N/A 11.4 xxx
Dividend Yield xxx N/A 6.6% xxx
Div Pay Ratio(%) xxx 73.9% 75.2% xxx

RUDI ON TWITTER

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DAILY FINANCIAL NEWS

Perpetual Motion

In a hectic day for wealth manager Perpetual, it announced a strategic review, which immediately prompted a takeover offer, which was swiftly rejected. Brokers agree with the rejection

Dec 07 2023 - Australia


Daniel Goulding dug deeper into the empirical data to find out whether Santa Claus rallies in Australia have any relevance for investors

Dec 07 2023 - Australia


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

Dec 06 2023 - Australia


Independent Investment Research updates developments among Australia’s listed investment companies and provides comparative data

Dec 06 2023 - Australia


The ASX200 gained 5% in November on hopes for an end to interest rate rises, with growth stocks and small caps outperforming

Dec 06 2023 - Australia


Michael Gable of Fairmont Equities notes gold is on the move and Evolution Mining has broken out

Dec 05 2023 - Technicals


RUDI'S VIEWS

Rudi’s View: Bear&Bull Market To Continue (?) In 2024

In this week's Weekly Insights: -All-Weather Model Portfolio-Bear&Bull Market To Continue (?) In 2024-Conviction Calls & Best Ideas-Holidays Are Beckoning…

Dec 06 2023

DAILY MARKET REPORTS

ASX Winners And Losers Of Today – 07-12-23

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

Dec 07 2023


Australian Broker Call *Extra* Edition – Dec 07, 2023

Extra Edition of the Broker Call Report

Dec 07 2023


The Overnight Report: Not Prepared To Buy

After the strong November rally, buyers have gone quiet on Wall Street ahead of Friday night’s jobs report. S&P down -0.4%. (Available for non-subscribers after 10am)

Dec 07 2023


Today’s Financial Calendar – 07-12-2023

Significant Scheduled Events For 07 December, 2023

Dec 07 2023


ASX Winners And Losers Of Today – 06-12-23

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

Dec 06 2023


Australian Broker Call *Extra* Edition – Dec 06, 2023

Extra Edition of the Broker Call Report

Dec 06 2023


The Overnight Report: Waiting For Jobs

The S&P closed flat last night as Wall Street looks ahead to Friday night’s job numbers. (Available for non-subscribers after 10am)

Dec 06 2023


WEEKLY REPORTS

The Short Report – 07 Dec 2023

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

Dec 07 2023

Uranium Week: Onwards Ever Upwards

Spot and term uranium prices continue to rise, with supply constraints looming in the 2026-28 period

Dec 05 2023

Australian Listed Real Estate Tables – 04-12-2023

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

Dec 04 2023


Weekly Ratings, Targets, Forecast Changes – 01-12-23

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

Dec 04 2023

In Case You Missed It – BC Extra Upgrades & Downgrades – 01-12-23

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

Dec 01 2023

Weekly Top Ten News Stories – 1 December 2023

Our top ten news stories from 23 November 2023 to 30 November 2023

Dec 01 2023


Next Week At A Glance – 4-8 Dec 2023

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

Dec 01 2023

In Brief: Home Loans, Coffee, Gas & Classifieds

Weekly Broker Wrap: home borrowers relying upon family; potential coffee shortage; stocks for increased domestic gas supply & listing trends for stocks in the classifieds space

Dec 01 2023

The Short Report – 30 Nov 2023

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

Nov 30 2023


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THE MARKETS

    Click item/line to change chart

  • Australia

    07 December 2023   Updated : 20:12   AEDT

    SPI Overnight

    7175.00

    -34.00

    -0.47%

    NZ50

    11496.610

    +33.120

    0.290%

    All Ordinaries

    7384.70

    -2.00

    -0.03%

    S&P ASX 200

    7173.30

    -5.10

    -0.07%

    S&P ASX 300

    7121.90

    -4.80

    -0.07%

    Communication Services

    1507.40

    -0.90

    -0.06%

    Consumer Discretionary

    3068.80

    -16.40

    -0.53%

    Consumer Staples

    11935.30

    -33.20

    -0.28%

    Energy

    10045.40

    +25.40

    0.25%

    Financials

    6406.30

    -27.40

    -0.43%

    Health Care

    39477.00

    -180.80

    -0.46%

    Industrials

    6571.40

    -16.40

    -0.25%

    Info Technology

    1734.50

    +1.30

    0.08%

    Materials

    18146.20

    +101.10

    0.56%

    Real Estate

    3144.60

    -0.80

    -0.03%

    Utilities

    7993.60

    +66.50

    0.84%

    A-REITs

    1410.40

    -0.10

    -0.01%

    All Technology Index

    2533.60

    +9.00

    0.36%

    Banks

    2642.70

    -2.60

    -0.10%

    Gold Index

    7163.60

    +13.10

    0.18%

    Metals & Mining

    6026.70

    +39.00

    0.65%

    Click item/line to change chart

  • Australasia

    07 December 2023   Updated : 20:12   AEDT

    AUD/USD

    0.6558

    0.00

    -0.36%

    AUD/NZD

    1.0688

    0.00

    -0.01%

    NZD/USD

    0.6138

    0.00

    -0.32%

    AUD/JPY

    95.31

    -1.53

    -1.58%

    SGD/AUD

    1.14

    +0.00

    0.41%

    AUD/EUR

    0.6085

    0.00

    -0.20%

    AUD/GBP

    0.5219

    0.00

    -0.04%

    AUDCAD

    0.8917

    0.00

    -0.20%

  • World

    07 December 2023   Updated : 20:12   AEDT

    CAD/USD

    0.7356

    0.00

    -0.15%

    EUR/JPY

    156.60

    -2.23

    -1.41%

    EUR/USD

    1.0779

    0.00

    -0.16%

    GBP/USD

    1.2568

    0.00

    -0.32%

    USD/JPY

    145.29

    -1.84

    -1.25%

    Click item/line to change chart

  • World

    07 December 2023   Updated : 20:12   AEDT

    FTSE100

    7494.55

    -20.83

    -0.28%

    DAX30

    16598.12

    -58.32

    -0.35%

    Hang Seng

    16345.89

    -117.37

    -0.71%

    Nikkei 225

    32858.31

    -587.59

    -1.76%

    DJIA

    36054.43

    -70.13

    -0.19%

    S&P500

    4549.34

    -17.84

    -0.39%

    Nasdaq Comp

    14146.71

    -83.20

    -0.58%

    S&P500 VIX

    13.24

    +0.39

    3.04%

    US 10-year yield

    4.121

    -0.050

    -1.200%

    USD Index

    104.21

    +0.22

    0.21%

  • Aus Stocks

    07 December 2023   Updated : 20:12   AEDT

    Amcor (US)

    9.41

    +0.04

    0.43%

    Rio (UK)

    5517.00

    +25.00

    0.46%

    BHP (US)

    61.45

    +0.43

    0.70%

    Rio (US)

    68.99

    +0.50

    0.73%

    ResMed (US)

    164.00

    +3.05

    1.89%

    South32 (UK)

    161.45

    -1.15

    -0.71%

    James Hardie (US)

    32.71

    +0.08

    0.25%

    Janus Henderson (US)

    26.74

    +0.26

    0.98%

    Newcrest (CA)

    20.65

    0.00

    0.00%

    Click item/line to change chart

  • Metals & Minerals

    07 December 2023   Updated : 07:36   AEDT

    Gold (oz)

    2027.00

    +8.60

    0.43%

    Silver (oz)

    23.93

    -0.18

    -0.75%

    Copper (lb)

    3.7437

    0.00

    -0.06%

    Aluminium (lb)

    0.9570

    0.00

    -0.21%

    Nickel (lb)

    7.3039

    +0.03

    0.47%

    Zinc (lb)

    1.1018

    +0.00

    0.25%

    Copper (t)

    8253.00

    -5.00

    -0.06%

    Aluminium (t)

    2110.00

    -4.00

    -0.19%

    Nickel (t)

    16102.00

    +76.00

    0.47%

    Zinc (t)

    2429.00

    +6.00

    0.25%

    Uranium (lb) weekly

    81.50

    +0.75

    0.93%

    Iron Ore (t)

    132.92

    +2.15

    1.64%

  • Energy

    07 December 2023   Updated : 07:36   AEDT

    West Texas Crude

    69.31

    -3.14

    -4.33%

    Brent Crude

    74.26

    -3.03

    -3.92%

CALENDAR

Friday, 8 December 2023
NZ manufacturing PMI, Nov
CH CPI & PPI, Nov (Saturday)
US UMich consumer sentiment, Dec (initial)
US unemployment, Nov
SOL AGM
Tuesday, 12 December 2023
AU NAB business confidence, Nov
AU Westpac consumer confidence, Dec
EZ ZEW business confidence, Dec
UK unemployment, Oct
US CPI, Nov
NIC AGM
Wednesday, 13 December 2023

ALL WEATHER STOCKS

Code Company Price
CAR CAR GROUP LIMITED

$28.53

CSL CSL LIMITED

$266.49

REA REA GROUP LIMITED

$163.43

TNE TECHNOLOGY ONE LIMITED

$15.17

WOW WOOLWORTHS GROUP LIMITED

$35.85

WEEKLY PDF

Stories To Read From FNArena


WEEK 48

WEEK 47

WEEK 46

WEEK 45

WEEK 44

FNARENA TALKS

FNARENA WINDOWS

Window on WEALTH MANAGEMENT & INVESTMENTS

Perpetual Motion

In a hectic day for wealth manager Perpetual, it announced a strategic review, which immediately prompted a takeover offer, which was swiftly rejected. Brokers agree with the rejection

Dec 07 2023


Window on WEALTH MANAGEMENT & INVESTMENTS

Australian Listed Investment Company Report – December 2023

Independent Investment Research updates developments among Australia’s listed investment companies and provides comparative data

Dec 06 2023


Window on URANIUM

Uranium Week: Onwards Ever Upwards

Spot and term uranium prices continue to rise, with supply constraints looming in the 2026-28 period

Dec 05 2023


FEATURE STORIES

Australian Banks Post FY23 Results: Same, Same

It has not been a good year for bank earnings, and brokers see little change in the year ahead

Nov 30 2023