FINANCIAL NEWS
ResMed Silences The Doubters
A forecast-beating jump in gross margins was the highlight in ResMed’s March quarter result
12:14 PM
Australian Listed Real Estate Tables – 29-04-2024
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
11:00 AM
ESG Focus: Governance, Supply Chains, Risks
Governance and social themes, while generally not attracting big expenditure in the December half, still proved a strong focus for corporations
10:30 AM
Weekly Ratings, Targets, Forecast Changes – 26-04-24
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
10:00 AM
The Monday Report – 29 April 2024
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead
9:13 AM
Macquarie rates CMM as Underperform
Capricorn Metals had previously released key metrics for a March Q impacted by adverse weather. Production guidance had been downgraded and costs are tracking above guidance, Macquarie notes.
Capricorn released updated reserves/resources for Mt Gibson along with an updated pre-feasibility study post the quarter. While reserves saw a boost, the broker has back its first gold assumption.
Macquarie is cautious on environmental approval timing and development start at Mt Gibson, which remain important. Underperform and $4.70 target retained.
Bell Potter rates RRL as Buy
While 3Q operational results for Regis Resources fell below Bell Potter's expectations (due to rainfall events), $31m of cash was added to the balance sheet, which helps vindicate the recent closure of the hedge book.
The analysts feel the low end of FY24 production guidance and the high end of cost guidance are achievable. Management maintained FY24 guidance for production of 415-455koz at a cost (AISC) of between $1,995/oz and $2,315/oz.
Bell Potter's earnings forecasts across FY24-26 rise by 28%, 20% and 7%, respectively, on higher gold price forecasts. The Buy rating is maintained and the target rises to $2.80 from $2.60.
Citi rates RWC as Buy
Citi makes adjustments to its forecasts for Reliance Worldwide, accounting for the elimination of intercompany sales as manufacturing shifts to the US from Australia.
The Buy rating and target price fo $5.45 are retained.
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ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
To display the stock analysis for a company please enter the company code:
RMD | RESMED INC
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$31.50 26 Apr |
OPEN $30.91 |
HIGH $31.58 |
5,643,527 LOW $30.54 |
2.760| TARGET | |||
| $35.732 13.4% upside | |||
| Franking for last dividend paid out: 0% |
| Title | FY24 Forecast |
FY25 Forecast |
|---|---|---|
| EPS (cps) | 117.6 | xxx |
| DPS (cps) | 30.1 | xxx |
| EPS Growth | N/A | xxx |
| DPS Growth | N/A | xxx |
| PE Ratio | 27.8 | xxx |
| Dividend Yield | 0.9% | xxx |
| Div Pay Ratio(%) | 25.6% | xxx |
DAILY FINANCIAL NEWS
ResMed Silences The Doubters
A forecast-beating jump in gross margins was the highlight in ResMed’s March quarter result
12:14 PM - Australia
Governance and social themes, while generally not attracting big expenditure in the December half, still proved a strong focus for corporations
10:30 AM - ESG Focus
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
Apr 27 2024 - Australia
A negative reaction to Brambles’ March quarter update suggests more was expected, but brokers, while split, are mostly positive
Apr 24 2024 - Australia
Packaging business Orora continues to struggle in the near term, but brokers agree the company’s prospects in the longer term do look promising
Apr 24 2024 - Australia
The New Criterion’s Tim Boreham uncovers the potential of 4D Medical in the USA
Apr 23 2024 - Small Caps
PR NEWSWIRE
FranklinWH and MMEM Greentech Announce Strategic Partnership to Revolutionize Home Energy Management
9:00 AM - PR NewsWire
Every Dollar Lost to Fraud in Australia Costs Firms AUD$3.68 According to LexisNexis True Cost of Fraud Study
9:00 AM - PR NewsWire
Cognizant enters into a strategic partnership with Telstra to elevate software engineering capabilities and enhance customer experience
12:01 AM - PR NewsWire
RUDI'S VIEWS
Rudi’s View: A Market Narrative Delayed
In this week's Weekly Insights: -A Market Narrative Delayed-Conviction Calls & Best Buys-Rudi Unplugged – The Video By Rudi Filapek-Vandyck,…
Apr 24 2024
DAILY MARKET REPORTS
The Monday Report – 29 April 2024
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead
9:13 AM
ASX Winners And Losers Of Today – 26-04-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Apr 26 2024
The Overnight Report: Stagflation?
Last night’s data revealed slower US economic growth than forecast and higher inflation. S&P500 down -0.5%. (Available for non-subscribers after 10am)
Apr 26 2024
ASX Winners And Losers Of Today – 24-04-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Apr 24 2024
WEEKLY REPORTS
Australian Listed Real Estate Tables – 29-04-2024
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
11:00 AM
Weekly Ratings, Targets, Forecast Changes – 26-04-24
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
10:00 AM
In Case You Missed It – BC Extra Upgrades & Downgrades – 26-04-24
A summary of the highlights from Broker Call Extra updates throughout the week past
Apr 26 2024
Weekly Top Ten News Stories – 26 April 2024
Our top ten news stories from 18 April 2024 to 25 April 2024
Apr 26 2024
The Short Report – 26 Apr 2024
FNArena’s weekly update on short positions in the Australian share market
Apr 26 2024
Next Week At A Glance – 29 Apr-May 2 2024
A brief look at important company events and economic data releases next week
Apr 26 2024
In Brief: Confidence, Consumers, Conditions
Weekly Broker Wrap: upside for household goods; outlook for the Australian consumer; SMEs doing it tough
Apr 26 2024
Uranium Week: From Russia Without Love
A global conference kept the uranium spot market quiet last week, but concerns continue to fester as to just when sanctions will be placed on Russian imports
Apr 23 2024
Weekly Update On LICs & LITs – 23-Apr-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Apr 23 2024
THE MARKETS
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Australia
29 April 2024 Updated : 14:42 AEDT
SPI Overnight
7620.00
+24.00
0.32%
NZ50
11853.250
+48.160
0.410%
All Ordinaries
7906.90
+69.50
0.89%
S&P ASX 200
7639.20
+63.30
0.84%
S&P ASX 300
7592.90
+64.70
0.86%
Communication Services
1502.60
+21.30
1.44%
Consumer Discretionary
3404.40
+36.80
1.09%
Consumer Staples
11912.70
+43.60
0.37%
Energy
10262.60
+5.80
0.06%
Financials
7174.80
+53.70
0.75%
Health Care
42072.80
+390.00
0.94%
Industrials
6922.80
+73.70
1.08%
Info Technology
2189.30
+35.50
1.65%
Materials
17972.90
+86.30
0.48%
Real Estate
3524.40
+70.20
2.03%
Utilities
8693.20
+46.40
0.54%
A-REITs
1599.50
+30.40
1.94%
All Technology Index
3014.90
+44.50
1.50%
Banks
2968.10
+17.70
0.60%
Gold Index
7877.10
+34.40
0.44%
Metals & Mining
5912.70
+29.10
0.49%
-
World
29 April 2024 Updated : 14:42 AEDT
CAD/USD
0.7334
+0.00
0.34%
EUR/JPY
167.89
-1.58
-0.93%
EUR/USD
1.0729
+0.00
0.30%
GBP/USD
1.2542
-0.01
-0.75%
USD/JPY
156.48
-1.61
-1.02%
-
Aus Stocks
29 April 2024 Updated : 14:42 AEDT
Amcor (US)
8.97
+0.02
0.22%
Newmont (US)
42.73
-0.68
-1.57%
Rio Tinto (UK)
5453.00
+74.00
1.38%
BHP Group (US)
56.43
-0.78
-1.36%
Rio Tinto (US)
68.24
+0.46
0.68%
ResMed (US)
218.06
+34.64
18.89%
South32 (UK)
176.20
+6.60
3.89%
James Hardie (US)
36.07
+1.12
3.20%
Janus Henderson (US)
31.69
+0.41
1.31%
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CALENDAR
Monday, 29 April 2024
JP markets closed ACF ex-div 2.85c (100%) CRN quarterly production report MP1 quarterly report SDR quarterly report SGP quarterly report Tuesday, 30 April 2024
NZ business confidence, Apr AU private sector credit, Mar AU retail sales, Mar JP industrial production, Mar JP retail sales, Mar CH PMIs, Apr ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$34.06
CSL CSL LIMITED
$273.58
REA REA GROUP LIMITED
$180.31
TNE TECHNOLOGY ONE LIMITED
$16.09
WOW WOOLWORTHS GROUP LIMITED
$31.79
WEEKLY PDF
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WEEK 17
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FNARENA TALKS
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FNARENA WINDOWS
Window on MEDICAL EQUIPMENT & DEVICES
ResMed Silences The Doubters
A forecast-beating jump in gross margins was the highlight in ResMed’s March quarter result
12:14 PM
Window on REITS
Australian Listed Real Estate Tables – 29-04-2024
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
11:00 AM
Window on BANKS
ESG Focus: Governance, Supply Chains, Risks
Governance and social themes, while generally not attracting big expenditure in the December half, still proved a strong focus for corporations
10:30 AM
SMSFUNDAMENTALS
SMSFundamentals: Inflation Beats Covid, Markets As Retirement Influencer
Australians have become less comfortable with their plans for retirement, and inflation is to blame
Nov 29 2023