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.
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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 |
OPEN $1.58 |
HIGH $1.61 |
2,308,072 LOW $1.52 |
0.005| TARGET | |||
| $1.717 6.6% upside | |||
| Franking for last dividend paid out: 100% |
| 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
PR NEWSWIRE
Automation Anywhere partners with Google Cloud to bring together Generative AI and Intelligent Automation
Jun 05 2023 - PR NewsWire
Antaisolar and OSW Signed Strategic Cooperation Agreement for 1GW Global Solar Project at SNEC 2023
Jun 05 2023 - PR NewsWire
50 Scholarships Empowering Sustainability Education for Youth in Western Australia
Jun 03 2023 - PR NewsWire
Trajan’s Microsampling Devices Meet IVDR Compliance in Europe, UK
Jun 02 2023 - PR NewsWire
Moomoo Introduces 24-Hour US Trading in Singapore and Australia, A First in Both Markets
Jun 02 2023 - PR NewsWire
Aravax doses first patient in Phase 2 peanut allergy clinical trials
Jun 01 2023 - PR NewsWire
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
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
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
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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 |
|
| CSL | CSL LIMITED |
|
| REA | REA GROUP LIMITED |
|
| RMD | RESMED INC |
|
| TNE | TECHNOLOGY ONE LIMITED |
|
$17.88
$16.44
WEEKLY PDF
Stories To Read From FNArena
WEEK 22
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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
