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.
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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 |
|---|---|---|---|
|
$25.05 21 Sep |
OPEN $25.33 |
HIGH $25.43 |
7,914,097 LOW $24.96 |
-0.490| TARGET | |||
| $26.472 5.7% upside | |||
| Franking for last dividend paid out: 100% |
| 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 |
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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
PR NEWSWIRE
Tech innovator, Dalibor Ivkovic, announces new Salestrekker 2.0 as the mortgage industry’s first single lending, origination and CRM platform
11:00 AM - PR NewsWire
SmartRecruiters Expands its Reach in APAC with the Launch of a New Australia Data Center Hosted by AWS
1:14 AM - PR NewsWire
AVANCE CLINICAL APPOINTS US-BASED EXECUTIVES – SVP SCIENTIFIC AND REGULATORY AFFAIRS, AND DIRECTOR BUSINESS DEVELOPMENT
Sep 21 2023 - PR NewsWire
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
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
THE MARKETS
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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 |
|
| COL | COLES GROUP LIMITED |
|
| CSL | CSL LIMITED |
|
| REA | REA GROUP LIMITED |
|
| TNE | TECHNOLOGY ONE LIMITED |
|
$28.71
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
