FINANCIAL NEWS
ASX Winners And Losers Of Today – 02-02-23
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Feb 02 2023
Australian Broker Call *Extra* Edition – Feb 02, 2023
Extra Edition of the Broker Call Report
Feb 02 2023
The Short Report – 02 Feb 2023
FNArena’s weekly update on short positions in the Australian share market
Feb 02 2023
Westpac: Patience Required
While Westpac remains in a technical uptrend, The Chartist suggests a current lack of conviction implies patience is required
Feb 02 2023
Headwinds Versus Tailwinds For Banks in 2023
A slowing housing market continues to place pressure on banks to offer competitive pricing to borrowers, limiting upside ahead, but some brokers believe ongoing strength in net interest margins could offset impacts
Feb 02 2023
Macquarie rates AFG as Neutral
Activity moderated for Australian Finance Group in the Dec quarter, Macquarie notes, with lodgements down -18.4% year on year. Home loan lodgements were down -51%.
Competition in the prime segment, supported by bank deposit franchises, drove a shift in share towards banks, the broker highlights.
Macquarie has not changed its forecasts, suggesting confidence in earnings should increase as cash rates and housing outlook stabilises.
Neutral and $1.81 target retained.
Morgans rates ART as Add
Airtasker's 2Q trading update highlighted underlying momentum for the domestic marketplace and pointed to early stages of offshore growth, according to Morgans.
Revenue and gross marketplace volume (GMV) for the 1H exceeded the analyst's forecasts by around 10%. A reduction in cash burn for the 2Q was also considered a highlight.
Only slight changes are made to the broker's forecasts, and the target slips to 90c from 95c due to an increased in the assumed risk free rate. Add.
Morgan Stanley rates EDV as Underweight
Ahead of the NSW state election in March, Morgan Stanley notes the potential for regulatory reforms for electronic gaming machines (EGMs) in pubs and clubs. These are considered a potential headwind to Endeavour Group's medium-to longer-term earnings.
Should legislative reforms move beyond NSW/TAS to a nationwide rollout, the analysts estimate around -7% of group earnings (EBIT) would be at risk.
The broker believes implementation of any changes will likely take longer than currently expected as industry feedback suggests the technology required to implement full cashless gaming is not yet commercially available.
The Underweight rating and $5.90 target are maintained. Industry View: Underweight.
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ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
To display the stock analysis for a company please enter the company code:
CCP | CREDIT CORP GROUP LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$22.00 01 Feb |
OPEN $21.09 |
HIGH $22.68 |
1,360,636 LOW $19.64 |
0.360| TARGET | |||
| $25.800 17.3% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY21 Actual |
FY22 Actual |
FY23 Forecast |
FY24 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | 148.9 | 136.1 | xxx |
| DPS (cps) | xxx | 74.0 | 69.2 | xxx |
| EPS Growth | xxx | 13.7% | - 8.6% | xxx |
| DPS Growth | xxx | 2.8% | - 6.4% | xxx |
| PE Ratio | xxx | N/A | 17.1 | xxx |
| Dividend Yield | xxx | N/A | 3.0% | xxx |
| Div Pay Ratio(%) | xxx | 49.7% | 50.9% | xxx |
DAILY FINANCIAL NEWS
Westpac: Patience Required
While Westpac remains in a technical uptrend, The Chartist suggests a current lack of conviction implies patience is required
Feb 02 2023 - Technicals
A slowing housing market continues to place pressure on banks to offer competitive pricing to borrowers, limiting upside ahead, but some brokers believe ongoing strength in net interest margins could offset impacts
Feb 02 2023 - Australia
FNArena scans broker research, academic forecasts, and ratings agencies’ views to glean our top ESG trends for 2023 – and we start with the most impactful of them all
Feb 01 2023 - ESG Focus
The New Criterion’s Tim Boreham highlights a number of smaller cap building & material stocks have significantly outperformed their larger cap peers over the year past
Feb 01 2023 - Small Caps
Brokers are largely in agreement that the outlook for domestic general insurers is positive, anticipating the current strong commercial rate environment will persist
Feb 01 2023 - Australia
Michael Gable of Fairmont Equities notes uranium company Deep Yellow has broken key resistance
Jan 31 2023 - Technicals
RUDI'S VIEWS
Rudi’s View: 2023 Will Be Different
In this week's Weekly Insights: -2023 Will Be Different-FNArena Market Indicators-FNArena Talks-Change In 2023 By Rudi Filapek-Vandyck, Editor FNArena 2023 Will…
Feb 01 2023
DAILY MARKET REPORTS
ASX Winners And Losers Of Today – 02-02-23
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Feb 02 2023
Australian Broker Call *Extra* Edition – Feb 02, 2023
Extra Edition of the Broker Call Report
Feb 02 2023
The Overnight Report: And Now, The End Is Near
A relaxed Jerome Powell reiterated last night that there’s more work to do on rates, but not much more. Dow up 6 (but S&P up 1%). (Available for non-subscribers after 10am)
Feb 02 2023
Today’s Financial Calendar – 02-02-2023
Significant Scheduled Events For 02 February, 2023
Feb 02 2023
ASX Winners And Losers Of Today – 01-02-23
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Feb 01 2023
The Overnight Report: Risk Back On
After a brief spurt of profit-taking, Wall Street decided last night to take on the Fed. Dow up 368. (Available for non-subscribers after 10am)
Feb 01 2023
Today’s Financial Calendar – 01-02-2023
Significant Scheduled Events For 01 February, 2023
Feb 01 2023
WEEKLY REPORTS
The Short Report – 02 Feb 2023
FNArena’s weekly update on short positions in the Australian share market
Feb 02 2023
Uranium Week: Ongoing Uncertainty
With uranium demand increasing, supply falling short, and new sanction threats against Russian supply being called for, 2023 should see another strong year for uranium pricing
Jan 31 2023
Australian Listed Real Estate Tables – 30-01-2023
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Jan 30 2023
Weekly Ratings, Targets, Forecast Changes – 27-01-23
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Jan 30 2023
Weekly Top Ten News Stories – 27 January 2023
Our top ten news stories from 19 January 2023 to 26 January 2023
Jan 27 2023
Next Week At A Glance – Jan 30-Feb 3 2023
A brief look at important company events and economic data releases next week
Jan 27 2023
In Brief: Banks, Energy, Retail, Childcare
Weekly broker wrap: banks peak, energy declines, retail resilient, childcare outlook improves
Jan 27 2023
The Short Report – 25 Jan 2023
FNArena’s weekly update on short positions in the Australian share market
Jan 25 2023
Uranium Week: Market On Edge
Media reports suggest Russia’s state-owned uranium company has offered Russia’s military whatever it needs, prompting renewed calls for sanctions
Jan 24 2023
THE MARKETS
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CALENDAR
Friday, 3 February 2023
| EZ | PPI, Dec |
| US | unemployment, Jan |
| XX | global services PMIs, Jan |
Monday, 6 February 2023
| NZ | markets closed |
| EZ | retail sales, Dec |
| DXC | earnings report |
| IMD | earnings report |
| NCK | earnings report |
Tuesday, 7 February 2023
| AU | RBA policy meeting |
| AU | Trade balance Dec |
| EZ | Germany industrial production, Dec |
ALL WEATHER STOCKS
| Code | Company | Price |
|---|---|---|
| COL | COLES GROUP LIMITED |
|
| CSL | CSL LIMITED |
|
| REA | REA GROUP LIMITED |
|
| RMD | RESMED INC |
|
| TNE | TECHNOLOGY ONE LIMITED |
|
$17.98
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WEEKLY PDF
Stories To Read From FNArena
WEEK 4
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FNARENA TALKS
FNARENA WINDOWS
Window on BANKS
Westpac: Patience Required
While Westpac remains in a technical uptrend, The Chartist suggests a current lack of conviction implies patience is required
Feb 02 2023
Window on BANKS
Headwinds Versus Tailwinds For Banks in 2023
A slowing housing market continues to place pressure on banks to offer competitive pricing to borrowers, limiting upside ahead, but some brokers believe ongoing strength in net interest margins could offset impacts
Feb 02 2023
Window on BUILDING PRODUCTS & SERVICES
Eye On (Small Cap) Building & Materials Stocks
The New Criterion’s Tim Boreham highlights a number of smaller cap building & material stocks have significantly outperformed their larger cap peers over the year past
Feb 01 2023
SMSFUNDAMENTALS
SMSFundamentals: Tax-Loss Harvesting For Australian Investors
Anuj Sharma explains how investors can exploit tax-loss harvesting among investments to reduce tax obligation
Jan 30 2023
