FINANCIAL NEWS
The Short Report – 07 Dec 2023
FNArena’s weekly update on short positions in the Australian share market
11:17 AM
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
10:27 AM
Australian Broker Call *Extra* Edition – Dec 07, 2023
Extra Edition of the Broker Call Report
10:04 AM
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)
9:07 AM
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 under performance 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.
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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 |
|---|---|---|---|
|
$24.70 06 Dec |
OPEN $24.52 |
HIGH $24.75 |
8,399,912 LOW $24.44 |
0.310| TARGET | |||
| $26.150 5.9% upside | |||
| Franking for last dividend paid out: 56% |
| 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 |
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DAILY FINANCIAL NEWS
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
10:27 AM - 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
T. Rowe Price notes US small caps have only seen a PE as low as it is now twice this century
Dec 05 2023 - International
PR NEWSWIRE
IonOpticks and Newomics broaden chromatography accessibility for Agilent mass specs, with Shimadzu pending
10:04 AM - PR NewsWire
LT Foods brand ‘DAAWAT®’ Basmati recognised as the ‘Top Brand’ in Canstar Blue’s dry rice ratings in Australia
10:00 AM - PR NewsWire
Positive Topline Results from Phase II OPALESCENCE Study of TLX250-CDx in Triple Negative Breast Cancer Presented at SABCS
9:45 AM - PR NewsWire
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
Australian Broker Call *Extra* Edition – Dec 07, 2023
Extra Edition of the Broker Call Report
10:04 AM
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)
9:07 AM
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
Today’s Financial Calendar – 06-12-2023
Significant Scheduled Events For 06 December, 2023
Dec 06 2023
WEEKLY REPORTS
The Short Report – 07 Dec 2023
FNArena’s weekly update on short positions in the Australian share market
11:17 AM
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
THE MARKETS
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CALENDAR
Thursday, 7 December 2023
| AU | trade balance, Oct |
| CH | trade balance, Nov |
| EZ | Germany industrial production, Oct |
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 |
ALL WEATHER STOCKS
| Code | Company | Price |
|---|---|---|
| CAR | CAR GROUP LIMITED |
|
| CSL | CSL LIMITED |
|
| REA | REA GROUP LIMITED |
|
| TNE | TECHNOLOGY ONE LIMITED |
|
| WOW | WOOLWORTHS GROUP LIMITED |
|
$28.71
$266.94
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WEEK 48
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FNARENA TALKS
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FNARENA WINDOWS
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
Window on GOLD & SILVER
They Say You Want An Evolution
Michael Gable of Fairmont Equities notes gold is on the move and Evolution Mining has broken out
Dec 05 2023
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
