FINANCIAL NEWS
Australian Broker Call *Extra* Edition – Mar 24, 2023
Extra Edition of the Broker Call Report
12:31 PM
FNArena Corporate Results Monitor – 24-03-2023
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
11:29 AM
Weekly Top Ten News Stories – 24 March 2023
Our top ten news stories from 16 March 2023 to 23 March 2023
11:28 AM
Next Week At A Glance – 27-31 Mar 2023
A brief look at important company events and economic data releases next week
10:29 AM
In Brief: US Banks, Insolvencies, Retail
The weekly broker wrap: lending in the US expected to tighten, domestic insolvencies likely ahead, Amazon puts the squeeze on existing retailers
10:00 AM
Macquarie rates BKW as Neutral
Brickworks reported first half results above Macquarie's estimates, once again driven by property sales and revaluations. Dividends were in line with expectations.
Building Products was nevertheless weaker than expected, both in Australia and North America. Revenue growth was driven by price and not volume. Around 10% price increases in both markets were not sufficient to offset broad-based (and continuing) cost pressures.
Property continues to evolve and despite tougher conditions in this space, the development pipeline in the Trust remains "enviable", the broker suggests.
Neutral retained, target rises to $24.05 from $22.50.
Morgans rates PAN as Add
Following the release of an updated Savannah Nickel mine plan by Panoramic Resources, Morgans notes the steady ramping-up of operations. Design production levels are expected to achieve the company's target mine rate of 960ktpa in early FY24.
The target falls to 25c from 39c after the broker updates its forecasts for nickel, copper and cobalt, and adopts management's target for an operating mine life until the end of FY35.
The company is Morgans' preferred ASX nickel exposure with significant exploration potential at Savannah, Savannah North and regional targets. Add.
Morgan Stanley rates TUA as Overweight
First half earnings (EBITDA) for Tuas were a 10% beat versus Morgan Stanley's forecast. It's felt the company remains on-track for free cash flow break-even in FY24.
A key highlight for the analyst were plans to launch into broadband at the end of FY23, leveraging Singapore's NBN and existing infrastructure.The company is considered well positioned to replicate its mobile success in broadband.
The broker's target rises to $2.15 from $2.00 on higher forecasts for subscriptions, margins and the inclusion of broadband from FY24.
The Overweight rating is 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:
SQ2 | BLOCK INC
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$108.99 23 Mar |
OPEN $109.05 |
HIGH $109.53 |
256,054 LOW $108.39 |
-6.160| TARGET | |||
| $149.000 36.7% upside |
| Title | FY23 Forecast |
FY24 Forecast |
|---|---|---|
| EPS (cps) | 126.0 | xxx |
| DPS (cps) | 0.0 | xxx |
| EPS Growth | N/A | xxx |
| DPS Growth | N/A | xxx |
| PE Ratio | 70.6 | xxx |
| Dividend Yield | 0.0% | xxx |
| Div Pay Ratio(%) | 0.0% | xxx |
DAILY FINANCIAL NEWS
FNArena Corporate Results Monitor – 24-03-2023
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
11:29 AM - Australia
Macro concerns overshadowed ESG developments during the February reporting season, but there was plenty to report: decarbonisation continued apace; green commodities entered rocky water but other revenue-generating projects progressed; and regulators took aim
8:14 AM - ESG Focus
While coal prices have started to retreat after a strong rally, New Hope Corp’s capital expenditure plans should see the company boost production
Mar 23 2023 - Australia
In newly released research, two brokers express a preference for Stanmore Resources over Coronado Global Resources
Mar 22 2023 - Commodities
A glance through the latest expert views and predictions about commodities: outlooks for iron ore, steel and copper
Mar 22 2023 - Commodities
A takeover bid for Healius by Australian Clinical Labs has been greeted with very little enthusiasm, if any
Mar 21 2023 - Australia
PR NEWSWIRE
FP Markets launches cTrader to compliment its existing market-leading offering
12:13 AM - PR NewsWire
Clear Medical Imaging and See-Mode Technologies Announce Partnership via CureLabs Innovation Hub
12:00 AM - PR NewsWire
Clear Medical Imaging and See-Mode Technologies Announce Partnership via CureLabs Innovation Hub
12:00 AM - PR NewsWire
THE RITZ-CARLTON DEBUTS IN MELBOURNE, CAPTURING THE SPIRIT AND RHYTHM OF ONE OF AUSTRALIA’S MOST DYNAMIC DESTINATIONS
Mar 23 2023 - PR NewsWire
MARRIOTT INTERNATIONAL CELEBRATES 1,000 HOTELS IN ASIA PACIFIC
Mar 23 2023 - PR NewsWire
NEWEST BITCOIN EXCHANGE HITS THE MARKET: BITCOIN.COM.AU
Mar 23 2023 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: All-Weather Stocks – Back In Fashion
In this week's Weekly Insights: -Banks Need Confidence (Lots Of It)-All-Weather Stocks – Back In Fashion-All-Weathers: Post-February-Research To Download By…
Mar 22 2023
DAILY MARKET REPORTS
Australian Broker Call *Extra* Edition – Mar 24, 2023
Extra Edition of the Broker Call Report
12:31 PM
The Overnight Report: Stuck In The Middle With You
After a failed rebound last night, the S&P500 remains right on its mid-range pivot point. Dow up 75. (Available for non-subscribers after 10am)
9:08 AM
ASX Winners And Losers Of Today – 23-03-23
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Mar 23 2023
Australian Broker Call *Extra* Edition – Mar 23, 2023
Extra Edition of the Broker Call Report
Mar 23 2023
The Overnight Report: Not Happy Jay
Wall Street did not like what it heard from the Fed last night, sparking a rush out of stocks and into bonds. Dow down -530. (Available for non-subscribers after 10am)
Mar 23 2023
WEEKLY REPORTS
Weekly Top Ten News Stories – 24 March 2023
Our top ten news stories from 16 March 2023 to 23 March 2023
11:28 AM
Next Week At A Glance – 27-31 Mar 2023
A brief look at important company events and economic data releases next week
10:29 AM
In Brief: US Banks, Insolvencies, Retail
The weekly broker wrap: lending in the US expected to tighten, domestic insolvencies likely ahead, Amazon puts the squeeze on existing retailers
10:00 AM
The Short Report – 23 Mar 2023
FNArena’s weekly update on short positions in the Australian share market
Mar 23 2023
Uranium Week: Tarred With The Same Brush
The banking crisis that hit the world last week impacted on the speculative spot uranium market, while ignored by utilities
Mar 21 2023
Australian Listed Real Estate Tables – 20-03-2023
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Mar 20 2023
Weekly Ratings, Targets, Forecast Changes – 17-03-23
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Mar 20 2023
Weekly Top Ten News Stories – 17 March 2023
Our top ten news stories from 09 March 2023 to 16 March 2023
Mar 17 2023
Next Week At A Glance – 20-24 Mar 2023
A brief look at important company events and economic data releases next week
Mar 17 2023
THE MARKETS
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CALENDAR
Friday, 24 March 2023
| JP | CPI, Feb |
| UK | retail sales, Feb |
| US | durabe goods orders, Feb |
| XX | global flash PMIs, Mar |
Monday, 27 March 2023
| EZ | Germany IFO investor sentiment, Mar |
| ACL | ex-div 7c (100%) |
| PMV | earnings report |
Tuesday, 28 March 2023
| AU | retail sales, Feb |
| US | Conference Board consumer confidence, Mar |
| ALX | ex-div 20c (0%) |
| AUB | AGM |
ALL WEATHER STOCKS
| Code | Company | Price |
|---|---|---|
| COL | COLES GROUP LIMITED |
|
| CSL | CSL LIMITED |
|
| REA | REA GROUP LIMITED |
|
| RMD | RESMED INC |
|
| TNE | TECHNOLOGY ONE LIMITED |
|
$17.87
$31.54
WEEKLY PDF
Stories To Read From FNArena
WEEK 12
WEEK 11
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WEEK 9
WEEK 8
FNARENA TALKS
FNARENA WINDOWS
Window on APPAREL & FOOTWEAR
In Brief: US Banks, Insolvencies, Retail
The weekly broker wrap: lending in the US expected to tighten, domestic insolvencies likely ahead, Amazon puts the squeeze on existing retailers
10:00 AM
Window on BANKS
Australia And The US Bank Crisis
Investors have voted with their feet, but how bad is the US banking crisis and how may this affect Australia?
Mar 23 2023
Window on COAL
Capacity Increase Ahead for New Hope
While coal prices have started to retreat after a strong rally, New Hope Corp’s capital expenditure plans should see the company boost production
Mar 23 2023
SMSFUNDAMENTALS
SMSFundamentals: Reality Tough For Super Disruptors
The superannuation disruptor segment has shrunk to half its peak size, with funds exiting the market in recent years having failed to resonate with the target audience
Feb 15 2023
