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
2023

0.360

OPEN

$21.09

1.66%

HIGH

$22.68

1,360,636

LOW

$19.64

TARGET
$25.800 17.3% upside
Franking for last dividend paid out: 100%
FNARENA'S MARKET CONSENSUS FORECASTS
CCP: 1
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

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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


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THE MARKETS

    Click item/line to change chart

  • Australia

    03 February 2023   Updated : 07:12   AEDT

    SPI Overnight

    7464.00

    +23.00

    0.31%

    NZ50

    12152.160

    +61.230

    0.510%

    All Ordinaries

    7728.50

    +18.80

    0.24%

    S&P ASX 200

    7511.60

    +9.90

    0.13%

    S&P ASX 300

    7480.20

    +12.70

    0.17%

    Communication Services

    1505.20

    +10.60

    0.71%

    Consumer Discretionary

    3048.20

    +38.00

    1.26%

    Consumer Staples

    13351.00

    +58.90

    0.44%

    Energy

    10951.30

    -97.80

    -0.89%

    Financials

    6690.90

    -26.50

    -0.39%

    Health Care

    43672.30

    +385.00

    0.89%

    Industrials

    6614.40

    +38.10

    0.58%

    Info Technology

    1525.00

    +46.50

    3.15%

    Materials

    19165.40

    -63.90

    -0.33%

    Real Estate

    3322.70

    +30.80

    0.94%

    Utilities

    8029.30

    -27.70

    -0.34%

    A-REITs

    1476.10

    +13.40

    0.92%

    All Technology Index

    2268.60

    +77.80

    3.55%

    Banks

    2778.70

    -13.80

    -0.49%

    Gold Index

    6667.70

    +266.60

    4.16%

    Metals & Mining

    6522.30

    -24.40

    -0.37%

    Click item/line to change chart

  • Australasia

    03 February 2023   Updated : 07:12   AEDT

    AUD/USD

    0.7075

    -0.01

    -0.87%

    AUD/NZD

    1.0932

    0.00

    -0.16%

    NZD/USD

    0.6476

    0.00

    -0.66%

    AUD/JPY

    91.05

    -0.89

    -0.97%

    SGD/AUD

    1.08

    +0.01

    0.56%

    AUD/EUR

    0.6485

    0.00

    -0.03%

    AUD/GBP

    0.5782

    +0.00

    0.21%

    AUDCAD

    0.9426

    -0.01

    -0.54%

  • World

    03 February 2023   Updated : 07:12   AEDT

    CAD/USD

    0.7503

    0.00

    -0.37%

    EUR/JPY

    140.37

    -1.36

    -0.96%

    EUR/USD

    1.0908

    -0.01

    -0.85%

    GBP/USD

    1.2231

    -0.01

    -1.12%

    USD/JPY

    128.69

    -0.14

    -0.11%

    Click item/line to change chart

  • World

    03 February 2023   Updated : 07:12   AEDT

    FTSE100

    7820.16

    +59.05

    0.76%

    DAX30

    15509.19

    +328.45

    2.16%

    Hang Seng

    21958.36

    -113.82

    -0.52%

    Nikkei 225

    27402.05

    +55.17

    0.20%

    DJIA

    33865.36

    -227.60

    -0.67%

    S&P500

    4150.55

    +31.34

    0.76%

    Nasdaq Comp

    12074.37

    +258.05

    2.18%

    S&P500 VIX

    19.05

    +1.18

    6.60%

    US 10-year yield

    3.398

    +0.001

    0.030%

    USD Index

    101.09

    -1.01

    -0.99%

  • Aus Stocks

    03 February 2023   Updated : 07:12   AEDT

    Amcor (US)

    12.16

    +0.07

    0.58%

    Rio (UK)

    6183.83

    -18.17

    -0.29%

    BHP (US)

    67.12

    -2.97

    -4.24%

    Rio (US)

    74.90

    -4.18

    -5.29%

    ResMed (US)

    226.70

    -2.28

    -1.00%

    South32 (UK)

    271.00

    +8.00

    3.04%

    James Hardie (US)

    24.29

    +0.23

    0.96%

    Telstra (US)

    12.48

    +0.09

    0.73%

    Janus Henderson (US)

    30.01

    +3.66

    13.89%

    Newcrest (CA)

    21.62

    +0.50

    2.37%

    Click item/line to change chart

  • Metals & Minerals

    02 February 2023   Updated : 07:40   AEDT

    Gold (oz)

    1948.80

    +21.50

    1.12%

    Silver (oz)

    23.97

    +0.30

    1.27%

    Copper (lb)

    4.1464

    +0.02

    0.52%

    Aluminium (lb)

    1.2779

    +0.02

    1.31%

    Nickel (lb)

    13.0969

    -0.14

    -1.07%

    Zinc (lb)

    1.5381

    -0.01

    -0.61%

    Copper (t)

    9141.00

    +47.00

    0.52%

    Aluminium (t)

    2817.00

    +36.00

    1.29%

    Lead (t)

    2143.00

    -21.00

    -0.97%

    Nickel (t)

    28874.00

    -313.00

    -1.07%

    Zinc (t)

    3391.00

    -21.00

    -0.62%

    Uranium (lb) weekly

    5.50

    +1.70

    44.74%

    Iron Ore (t)

    123.37

    0.00

    0.00%

  • Energy

    02 February 2023   Updated : 07:40   AEDT

    West Texas Crude

    76.94

    -2.16

    -2.73%

    Brent Crude

    83.30

    -1.19

    -1.41%

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

$17.98

CSL CSL LIMITED

$304.58

REA REA GROUP LIMITED

$125.13

RMD RESMED INC

$32.00

TNE TECHNOLOGY ONE LIMITED

$14.71

WEEKLY PDF

Stories To Read From FNArena


WEEK 4

WEEK 3

WEEK 51

WEEK 50

WEEK 49

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


FEATURE STORIES

2023 Outlook: Australia

There’s not much we can do to control commodity prices. Otherwise, the biggest risk to Australia’s economy next year is the housing market

Dec 15 2022


2023 Outlook: Global

Dec 07 2022