FINANCIAL NEWS

ASX Winners And Losers Of Today – 05-10-22

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

5:35 PM


Life360: Building Tomorrow’s Dominant Brand

New broker research reinforces the global opportunity for Life360 to become a dominant brand

11:25 AM


China’s Bubble That Never Bursts

Is it possible the Chinese financial system is more resilient, and its policymakers more innovative, than Western critics give them credit for?

10:59 AM


Dr Boreham’s Crucible: Pharmaxis

Pharmaxis might be two clinical studies away from rehabilitation, reports Tim Boreham

10:30 AM


Weaker Oz House Prices To Reverberate In 2023

Australian housing prices are forecast to continue declining as rising interest rates have yet to impact in full, with consequences for the broader economy in 2023

9:59 AM


Macquarie rates BHP as Outperform

Macquarie has been impressed by the speed of ramp up at BHP Group's South Flank, with the project delivered on time and on budget and twice as fast as its Jimblebar ramp up.

BHP Group expects South Flank to sustainably achieve production of 80m tonnes annually within three years, which is in line with Macquarie's base case forecasts, although the company is yet to test ultimate capacity and identify bottlenecks. 

The Outperform rating and target price of $45.00 are retained.

UBS rates FMG as Sell

UBS lowers short term price forecasts for base metals and bulks. Changing supply and demand dynamics result in higher forecasts for lithium prices and higher longer-term price estimates for coal, aluminium, zinc and lead.

The broker points out prices for most commodities are still above cost support levels and do not yet fully 'price in' a recession. Short term iron ore and copper price forecasts are lowered, and near-term earnings risk is considered to be skewed to the downside.

A Sell rating is retained for Fortescue Metals and the target falls to $14.30 from $15.80.

Morgan Stanley rates IAG as Underweight

Morgan Stanley foresees downside risk on margins for Insurance Australia Group.

Home pricing for the group was slightly negative in September quarter, when the broker's survey showed new business Home pricing had increased by around 11% across the industry.

The group's Motor pricing increased but lagged peers. The survey revealed a 15% increase in pricing for new business over the September quarter.

The Underweight rating and $3.90 target are 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:

BHP | BHP GROUP LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$40.07

04 Oct
2022

1.470

OPEN

$39.65

3.81%

HIGH

$40.15

11,311,429

LOW

$39.37

TARGET
$41.517 3.6% upside
Franking for last dividend paid out: 100%
FNARENA'S MARKET CONSENSUS FORECASTS
BHP: 1
Title FY23
Forecast
FY24
Forecast
EPS (cps) 454.9 xxx
DPS (cps) 333.8 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 8.9 xxx
Dividend Yield 8.2% xxx
Div Pay Ratio(%) 73.4% xxx
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

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DAILY FINANCIAL NEWS

Life360: Building Tomorrow’s Dominant Brand

New broker research reinforces the global opportunity for Life360 to become a dominant brand

11:25 AM - Small Caps


Is it possible the Chinese financial system is more resilient, and its policymakers more innovative, than Western critics give them credit for?

10:59 AM - International


Pharmaxis might be two clinical studies away from rehabilitation, reports Tim Boreham

10:30 AM - Small Caps


Australian housing prices are forecast to continue declining as rising interest rates have yet to impact in full, with consequences for the broader economy in 2023

9:59 AM - Australia


Bringing forward its already planned coal exit, AGL Energy has announced the closure of its Loy Yang A project by 2035 as the company focuses on renewable energy.

Oct 04 2022 - ESG Focus


Michael Gable of Fairmont Equities suggests the S&P500 is positioned for more downside despite last night’s bounce

Oct 04 2022 - Technicals


RUDI'S VIEWS

Rudi’s View: Good News, How To Use PE Ratios & Conviction Calls

In this week's Weekly Insights: -Good News-PEs – The Tool That Both Enlightens And Confuses-Conviction Calls-Research To Download-FNArena Talks (3x)…

Sep 29 2022

DAILY MARKET REPORTS

ASX Winners And Losers Of Today – 05-10-22

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

5:35 PM


The Overnight Report: Day Two

Wall Street’s turnaround rally accelerated into a second session last night. Dow up 835. (Available for non-subscribers after 10am)

9:04 AM


Today’s Financial Calendar – 05-10-2022

Significant Scheduled Events For 05 October, 2022

8:15 AM


ASX Winners And Losers Of Today – 04-10-22

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

Oct 04 2022


Australian Broker Call *Extra* Edition – Oct 04, 2022

Extra Edition of the Broker Call Report

Oct 04 2022


The Overnight Report: Nice Start

An about-face in UK policy, leading to lower bond yields and a lower US dollar, provided impetus for a strong start to the new quarter on Wall Street. Dow up 765. (Available for non-subscribers after 10am)

Oct 04 2022


Today’s Financial Calendar – 04-10-2022

Significant Scheduled Events For 04 October, 2022

Oct 04 2022


WEEKLY REPORTS

Uranium Week: Contango

As financial market turmoil weighs on the spot uranium market while term market demand remains elevated, the uranium curve has moved into contango

Oct 04 2022

Australian Listed Real Estate Tables – 03-10-2022

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

Oct 03 2022

Weekly Ratings, Targets, Forecast Changes – 30-09-22

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

Oct 03 2022


Weekly Top Ten News Stories – 30 September 2022

Our top ten news stories from 22 September 2022 to 29 September 2022

Sep 30 2022

Next Week At A Glance – 3-7 Oct 2022

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

Sep 30 2022

In Brief: Inflation, Property Sentiment, Bank Buybacks, Gaming Regulation

Weekly broker wrap: impacts of further fiscal support, low property sentiment, declining bank equity, gaming regulatory concerns

Sep 30 2022


The Short Report – 29 Sep 2022

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

Sep 29 2022

Uranium Week: Tentative Bounce

After falling heavily post the US CPI release, spot uranium bounced slightly last week, but reluctance remains

Sep 27 2022

Australian Listed Real Estate Tables – 26-09-2022

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

Sep 26 2022


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THE MARKETS

    Click item/line to change chart

  • Australia

    05 October 2022   Updated : 20:12   AEDT

    SPI Overnight

    6803.00

    +107.00

    1.60%

    NZ50

    9214.870

    -42.310

    -0.460%

    All Ordinaries

    7030.90

    +125.60

    1.82%

    S&P ASX 200

    6815.70

    +116.40

    1.74%

    S&P ASX 300

    6796.80

    +118.10

    1.77%

    Communication Services

    1395.10

    +22.80

    1.66%

    Consumer Discretionary

    2772.90

    +73.30

    2.72%

    Consumer Staples

    12458.20

    -5.30

    -0.04%

    Energy

    10950.00

    +127.10

    1.17%

    Financials

    6172.30

    +140.40

    2.33%

    Health Care

    41807.20

    +639.20

    1.55%

    Industrials

    6092.10

    +95.40

    1.59%

    Info Technology

    1474.90

    +54.70

    3.85%

    Materials

    16121.90

    +226.20

    1.42%

    Real Estate

    2931.40

    +27.90

    0.96%

    Utilities

    6885.10

    +45.50

    0.67%

    A-REITs

    1290.50

    +10.90

    0.85%

    All Technology Index

    2093.40

    +83.50

    4.15%

    Banks

    2577.20

    +65.60

    2.61%

    Gold Index

    4942.60

    +65.40

    1.34%

    Metals & Mining

    5412.30

    +69.90

    1.31%

    Click item/line to change chart

  • Australasia

    05 October 2022   Updated : 20:12   AEDT

    AUD/USD

    0.6480

    0.00

    -0.34%

    AUD/NZD

    1.1302

    0.00

    -0.38%

    NZD/USD

    0.5733

    +0.00

    0.03%

    AUD/JPY

    93.58

    -0.52

    -0.55%

    SGD/AUD

    1.08

    +0.01

    0.70%

    AUD/EUR

    0.6515

    -0.01

    -1.03%

    AUD/GBP

    0.5678

    0.00

    -0.66%

    AUDCAD

    0.8794

    -0.01

    -0.66%

  • World

    05 October 2022   Updated : 20:12   AEDT

    CAD/USD

    0.7367

    +0.00

    0.38%

    EUR/JPY

    143.64

    +0.93

    0.65%

    EUR/USD

    0.9947

    +0.01

    0.87%

    GBP/USD

    1.1413

    +0.00

    0.31%

    USD/JPY

    144.41

    -0.30

    -0.21%

    Click item/line to change chart

  • World

    05 October 2022   Updated : 20:12   AEDT

    FTSE100

    7002.39

    -84.07

    -1.19%

    DAX30

    12578.46

    -92.02

    -0.73%

    Hang Seng

    18087.97

    +1008.46

    5.90%

    Nikkei 225

    27120.53

    +128.32

    0.48%

    DJIA

    30316.32

    +825.43

    2.80%

    S&P500

    3790.93

    +112.50

    3.06%

    Nasdaq Comp

    11176.41

    +360.97

    3.34%

    S&P500 VIX

    29.40

    -0.70

    -2.33%

    US 10-year yield

    3.617

    -0.034

    -0.930%

    USD Index

    110.16

    -1.51

    -1.35%

  • Aus Stocks

    05 October 2022   Updated : 20:12   AEDT

    Amcor (US)

    11.28

    +0.25

    2.27%

    Rio (UK)

    5010.00

    -79.00

    -1.55%

    BHP (US)

    53.23

    +1.57

    3.04%

    Rio (US)

    59.25

    +2.22

    3.89%

    ResMed (US)

    228.73

    +4.86

    2.17%

    South32 (UK)

    218.35

    -2.15

    -0.98%

    James Hardie (US)

    21.77

    +1.32

    6.45%

    Telstra (US)

    12.66

    +0.04

    0.32%

    Janus Henderson (US)

    21.89

    +0.94

    4.49%

    Newcrest (CA)

    15.91

    +0.50

    3.24%

    Click item/line to change chart

  • Metals & Minerals

    05 October 2022   Updated : 07:33   AEDT

    Gold (oz)

    1725.80

    +25.20

    1.48%

    Silver (oz)

    21.03

    +0.32

    1.55%

    Copper (lb)

    3.4637

    +0.03

    0.90%

    Aluminium (lb)

    1.1377

    +0.07

    6.87%

    Nickel (lb)

    9.7052

    -0.07

    -0.73%

    Zinc (lb)

    1.3724

    +0.04

    3.15%

    Copper (t)

    7636.00

    +68.00

    0.90%

    Aluminium (t)

    2508.00

    +161.00

    6.86%

    Lead (t)

    1892.00

    +30.00

    1.61%

    Nickel (t)

    21396.00

    -158.00

    -0.73%

    Zinc (t)

    3026.00

    +92.00

    3.14%

    Uranium (lb) weekly

    48.25

    -0.25

    -0.52%

    Iron Ore (t)

    94.22

    0.00

    0.00%

  • Energy

    05 October 2022   Updated : 07:33   AEDT

    West Texas Crude

    86.14

    +2.99

    3.60%

    Brent Crude

    91.46

    +2.89

    3.26%

CALENDAR

Wednesday, 5 October 2022
NZ RBNZ policy meeting
CH markets closed
US ADP private sector unemployment, Sep
US trade balance, Aug
XX global services PMIs, Sep
DEG earnings result
RIC ex-div 4c (100%)
Thursday, 6 October 2022
AU trade balance, Aug
CH markets closed
EZ retail sales, Aug
ARB ex-div 32c (100%)
IMD AGM

ALL WEATHER STOCKS

Code Company Price
COL COLES GROUP LIMITED

$16.57

CSL CSL LIMITED

$290.50

REA REA GROUP LIMITED

$129.60

RMD RESMED INC

$35.61

TNE TECHNOLOGY ONE LIMITED

$11.40

WEEKLY PDF

Stories To Read From FNArena


WEEK 40

WEEK 39

WEEK 38

WEEK 37

WEEK 36

FNARENA TALKS

FNARENA WINDOWS

Window on SOFTWARE & SERVICES

Life360: Building Tomorrow’s Dominant Brand

New broker research reinforces the global opportunity for Life360 to become a dominant brand

11:25 AM


Window on PHARMACEUTICALS & BIOTECH/LIFESCIENCES

Dr Boreham’s Crucible: Pharmaxis

Pharmaxis might be two clinical studies away from rehabilitation, reports Tim Boreham

10:30 AM


Window on BANKS

Weaker Oz House Prices To Reverberate In 2023

Australian housing prices are forecast to continue declining as rising interest rates have yet to impact in full, with consequences for the broader economy in 2023

9:59 AM


SMSFUNDAMENTALS

ETFs: The African Equities Frontier

Africa collectively is one of the fastest growing economies in the world, and a growing number of African ETFs is providing opportunity for investors

Sep 28 2022


FEATURE STORIES

Australian House Prices Could Fall Twenty Percent

The US Federal Reserve’s policy aggression will force the RBA into further rate hikes that will potentially lead to a bigger house price fall than previously feared

Sep 29 2022