FINANCIAL NEWS

ASX Winners And Losers Of Today – 05-06-23

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

Jun 05 2023


Australian Listed Investment Company Report June 2023

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

Jun 05 2023


May In Review: Banks and Resources Weigh

The ASX200 lost -2.5% in May after the Reserve Bank continued to raise interest rates and China’s reopening momentum appeared to stall

Jun 05 2023


Australian Listed Real Estate Tables – 05-06-2023

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

Jun 05 2023


Australian Broker Call *Extra* Edition – Jun 05, 2023

Extra Edition of the Broker Call Report

Jun 05 2023


Citi rates BUB as Neutral

Citi lowers its target for Bubs Australia to 19c from 32c after incorporating a weaker-than-expected 3Q trading update in China and to a lesser extent in the US. The forecast FY23 loss is increased by -$3m to -$40m.

The 3Q update has implications for channel profitability and subsequently consumer offtake, point out the analysts.

Recent execution and strategic uncertainty also means the broker's former high premium for the company relative to peers is no longer justified. The Neutral rating is unchanged.

Morgan Stanley rates EVN as Overweight

Evolution Mining is expected to provide an update on expenditure and timelines for Mungari at its investor briefing. Morgan Stanley believes the market will pay close attention to this and it should be a catalyst for the share price.

If capital expenditure for the mill is below prior guidance of $250m and total project capital is below $300m this would provide a bull case. If capex is above guidance then this creates concerns for the balance sheet and a potential capital raising, as the start date is imminent.

The target is $3.75. Overweight rating is unchanged. Industry view: Attractive. 

Morgans rates GMG as Initiation of coverage with Add

Morgans points out active industrial managers/developers like Goodman Group operate in one of the few sub-sectors where operating conditions are sufficiently positive to offset increasing yields. 

The broker initiates coverage with an Add rating and $24 target price. Compared to overseas peers, the group consistently delivers higher returns at lower levels of leverage and at a comparable price to book ratio, observes the broker.

Much of the increased demand by tenants for warehouse space is to attain cost efficiencies through improved proximity to end customers, explains the analyst. This space includes retail (physical stores fulfillment and e-commerce), data storage and  manufacturing.

Morgans likes Goodman Group because it can grow assets under management (AUM) and add value from an active buy, build, manage strategy. 

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:

ADH | ADAIRS LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.61

05 Jun
2023

0.005

OPEN

$1.58

0.31%

HIGH

$1.61

2,308,072

LOW

$1.52

TARGET
$1.717 6.6% upside
Franking for last dividend paid out: 100%
FNARENA'S MARKET CONSENSUS FORECASTS
ADH: 1
Title FY21
Actual
FY22
Actual
FY23
Forecast
FY24
Forecast
EPS (cps) xxx 26.4 22.2 xxx
DPS (cps) xxx 18.0 14.3 xxx
EPS Growth xxx - 30.1% - 15.7% xxx
DPS Growth xxx N/A - 20.8% xxx
PE Ratio xxx N/A 7.2 xxx
Dividend Yield xxx N/A 8.9% xxx
Div Pay Ratio(%) xxx 68.3% 64.1% xxx

DAILY FINANCIAL NEWS

Australian Listed Investment Company Report June 2023

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

Jun 05 2023 - Australia


The ASX200 lost -2.5% in May after the Reserve Bank continued to raise interest rates and China’s reopening momentum appeared to stall

Jun 05 2023 - Australia


Overviews in raw numbers and calculations that might assist investors with assessing trends and currents that might not be apparent from daily volatility and movements

Jun 03 2023 - Australia


Tim Boreham warns not all so-called ethical or ESG funds and ETFs are what they seem

Jun 02 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

Jun 02 2023 - Australia


Canberra’s move to regulate BNPL as credit will affect the industry in Australia

Jun 01 2023 - Australia


RUDI'S VIEWS

Rudi’s View: A Lesson In Quality, And Investing

By Rudi Filapek-Vandyck, Editor As investors, we all like to snap up a cheap bargain. But the truth is, cheaply…

May 31 2023

DAILY MARKET REPORTS

ASX Winners And Losers Of Today – 05-06-23

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

Jun 05 2023


Australian Broker Call *Extra* Edition – Jun 05, 2023

Extra Edition of the Broker Call Report

Jun 05 2023


The Monday Report – 05 June 2023

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead

Jun 05 2023


Today’s Financial Calendar – 05-06-2023

Significant Scheduled Events For 05 June, 2023

Jun 05 2023


ASX Winners And Losers Of Today – 02-06-23

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

Jun 02 2023


The Overnight Report: One More Hurdle

One down, one to go as the US debt bill moves to the Senate. Wall Street up 1%. (Available for non-subscribers after 10am)

Jun 02 2023


Today’s Financial Calendar – 02-06-2023

Significant Scheduled Events For 02 June, 2023

Jun 02 2023


WEEKLY REPORTS

Australian Listed Real Estate Tables – 05-06-2023

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

Jun 05 2023

Weekly Ratings, Targets, Forecast Changes – 02-06-23

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

Jun 05 2023

Weekly Top Ten News Stories – 2 June 2023

Our top ten news stories from 25 May 2023 to 01 June 2023

Jun 02 2023


Next Week At A Glance – 5-9 Jun 2023

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

Jun 02 2023

In Brief: Banks, Beef, Housing Construction & The US Economy

Weekly Broker Wrap: Technology for banks; lower beef prices; the next housing construction boom; housing developers & the US debt ceiling

Jun 02 2023

The Short Report – 01 Jun 2023

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

Jun 01 2023


Uranium Week: Prices Rise On Low Volume

While the uranium spot price rose last week, volumes remain weak despite legislative threats to supply

May 30 2023

Australian Listed Real Estate Tables – 29-05-2023

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

May 29 2023

Weekly Ratings, Targets, Forecast Changes – 26-05-23

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

May 29 2023


THE MARKETS

    Click item/line to change chart

  • Australia

    05 June 2023   Updated : 20:12   AEDT

    SPI Overnight

    7229.00

    +76.00

    1.06%

    NZ50

    11880.900

    -35.230

    -0.300%

    All Ordinaries

    7401.20

    +70.00

    0.95%

    S&P ASX 200

    7216.30

    +71.20

    1.00%

    S&P ASX 300

    7170.30

    +67.50

    0.95%

    Communication Services

    1561.70

    +7.20

    0.46%

    Consumer Discretionary

    2952.60

    +50.80

    1.75%

    Consumer Staples

    12971.70

    +94.50

    0.73%

    Energy

    10882.40

    +76.20

    0.71%

    Financials

    6077.90

    +58.70

    0.98%

    Health Care

    44953.20

    +454.00

    1.02%

    Industrials

    6821.70

    +36.00

    0.53%

    Info Technology

    1778.50

    -19.50

    -1.08%

    Materials

    17906.10

    +262.10

    1.49%

    Real Estate

    3144.10

    +24.80

    0.80%

    Utilities

    8598.20

    -24.90

    -0.29%

    A-REITs

    1403.50

    +11.90

    0.86%

    All Technology Index

    2397.10

    -7.90

    -0.33%

    Banks

    2439.80

    +23.00

    0.95%

    Gold Index

    7114.30

    -75.90

    -1.06%

    Metals & Mining

    6011.00

    +83.70

    1.41%

    Click item/line to change chart

  • Australasia

    05 June 2023   Updated : 20:12   AEDT

    AUD/USD

    0.6588

    0.00

    -0.48%

    AUD/NZD

    1.0890

    0.00

    -0.14%

    NZD/USD

    0.6049

    0.00

    -0.23%

    AUD/JPY

    92.42

    -0.19

    -0.21%

    SGD/AUD

    1.12

    +0.00

    0.21%

    AUD/EUR

    0.6161

    0.00

    -0.13%

    AUD/GBP

    0.5315

    +0.00

    0.25%

    AUDCAD

    0.8857

    0.00

    -0.34%

  • World

    05 June 2023   Updated : 20:12   AEDT

    CAD/USD

    0.7438

    0.00

    -0.13%

    EUR/JPY

    150.02

    -0.11

    -0.07%

    EUR/USD

    1.0694

    0.00

    -0.29%

    GBP/USD

    1.2394

    -0.01

    -0.45%

    USD/JPY

    140.29

    +0.33

    0.23%

    Click item/line to change chart

  • World

    05 June 2023   Updated : 20:12   AEDT

    FTSE100

    7646.04

    +38.76

    0.51%

    DAX30

    16064.13

    +12.90

    0.08%

    Hang Seng

    19108.50

    +158.56

    0.84%

    Nikkei 225

    32217.43

    +693.21

    2.20%

    DJIA

    33762.76

    +701.19

    2.12%

    S&P500

    4282.37

    +61.35

    1.45%

    Nasdaq Comp

    13240.77

    +139.78

    1.07%

    S&P500 VIX

    15.19

    -0.46

    -2.94%

    US 10-year yield

    3.691

    +0.083

    2.300%

    USD Index

    104.02

    +0.46

    0.44%

  • Aus Stocks

    05 June 2023   Updated : 20:12   AEDT

    Amcor (US)

    9.97

    +0.25

    2.57%

    Rio (UK)

    5088.00

    +18.00

    0.36%

    BHP (US)

    58.72

    +2.33

    4.13%

    Rio (US)

    63.17

    +2.13

    3.49%

    ResMed (US)

    220.64

    +1.95

    0.89%

    South32 (UK)

    210.00

    -1.50

    -0.71%

    James Hardie (US)

    25.80

    +0.31

    1.22%

    Janus Henderson (US)

    27.26

    +0.44

    1.64%

    Newcrest (CA)

    23.69

    -0.08

    -0.34%

    Click item/line to change chart

  • Metals & Minerals

    05 June 2023   Updated : 07:39   AEDT

    Gold (oz)

    1947.50

    -29.90

    -1.51%

    Silver (oz)

    23.59

    -0.27

    -1.13%

    Copper (lb)

    3.7603

    +0.07

    1.79%

    Aluminium (lb)

    1.0254

    -0.01

    -0.51%

    Nickel (lb)

    9.6762

    +0.11

    1.14%

    Zinc (lb)

    1.0455

    +0.01

    1.05%

    Copper (t)

    8290.00

    +146.00

    1.79%

    Aluminium (t)

    2261.00

    -12.00

    -0.53%

    Nickel (t)

    21332.00

    +241.00

    1.14%

    Zinc (t)

    2305.00

    +24.00

    1.05%

    Uranium (lb) weekly

    54.50

    +0.75

    1.40%

    Iron Ore (t)

    106.33

    +1.83

    1.75%

  • Energy

    05 June 2023   Updated : 07:39   AEDT

    West Texas Crude

    71.74

    +1.64

    2.34%

    Brent Crude

    76.13

    +1.83

    2.46%

CALENDAR

Tuesday, 6 June 2023
AU current account, Q1
AU RBA policy meeting
EZ retail sales, Apr
ASX investor day
PRN strategy briefing
SLR AGM
Wednesday, 7 June 2023
AU GDP, Q1
AU RBA governor speaks
CH trade balance, May
EZ Germany industrial production, Apr
US trade balance, Apr
Thursday, 8 June 2023

ALL WEATHER STOCKS

Code Company Price
COL COLES GROUP LIMITED

$17.88

CSL CSL LIMITED

$310.73

REA REA GROUP LIMITED

$138.08

RMD RESMED INC

$33.25

TNE TECHNOLOGY ONE LIMITED

$16.44

WEEKLY PDF

Stories To Read From FNArena


WEEK 22

WEEK 21

WEEK 20

WEEK 19

WEEK 18

FNARENA TALKS

FNARENA WINDOWS

Window on REITS

Australian Listed Real Estate Tables – 05-06-2023

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

Jun 05 2023


Window on WEALTH MANAGEMENT & INVESTMENTS

ESG Focus: Care Needed In Ethical Investment

Tim Boreham warns not all so-called ethical or ESG funds and ETFs are what they seem

Jun 02 2023


Window on BUSINESS & CONSUMER CREDIT

BNPL To Be Regulated In Australia

Canberra’s move to regulate BNPL as credit will affect the industry in Australia

Jun 01 2023


SMSFUNDAMENTALS

SMSFundamentals: Factor Investing Explained

Identifying and leveraging key factors can help investors generate competitive returns, reduce risk, and improve diversification. An introduction to Factor Investing

May 01 2023


FEATURE STORIES

Healthcare Meets Technology: A New Age

AI has its supporters and its critics, but one area in which AI can be a force for good is healthcare

May 31 2023