FINANCIAL NEWS
ASX Winners And Losers Of Today – 09-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
May 09 2024
Goodman Group Powers On
Goodman Group’s March quarter update included increased guidance on the back of data centre demand
May 09 2024
Part Two: Generative AI, Investing in the 21st Century Megatrend
A Megatrend like Generative AI creates an appealing top-down narrative, but how do investors understand the scope and size of the Generative AI market, alongside the opportunities versus the risks?
May 09 2024
The Short Report – 09 May 2024
FNArena’s weekly update on short positions in the Australian share market
May 09 2024
Rudi’s View: Arcadium Lithium, Goodman Group, Paladin, Pexa & Treasury Wine
By Rudi Filapek-Vandyck, Editor Best Buys & Conviction Calls As promised in Monday's Weekly Insights, below are the latest Model…
May 09 2024
Bell Potter rates A4N as Speculative Buy
Alpha HPA's latest pricing update was better than Bell Potter's expectations.
Marketing and independent consultants inferring the price of High Purity Alumina equivalent (HPAe) is stronger than what the company indicated in its 2020 feasability study.
The better prices allow the broker to raise its already "conservative" price forecast to US$27.50/t from US$25/t of HPAe.
Management has also signed Letters of Intent to supply 2,290tpa to more than six end users with agreement for 1,290tpa in the last 3-weeks.
The broker's forecasts assume the final investment decision for the first HPA project around June, and the first production from 2026.
A Speculative Buy rating is retained and the target is lifted to $1.95 from $1.75.
Citi rates GPT as Buy
Management at GPT has re-emphasised guidance for FY24 FFO of 32cps and DPS of 24cps, which is seen "constructively" by analysts at Citi.
The broker observes retail & logistics continue to produce resilient growing operational performances. While Office occupancy remains stable, the broker does acknowledge higher risk of lower occupancy in 2024 and 2025 is possible due to lease expiries during the periods.
Citi points out GPT shares are trading at a sizable discount to NTA (excluding value from funds management), offering a 5.9% dividend yield, while trading on a forward-looking PE ratio of circa 13x.
Buy. Target $4.90.
Morgan Stanley rates SIQ as Equal-weight
First quarter trading for Smartgroup Corp is tracking mostly in line with consensus expectations for 2024, according to Morgan Stanley, with revenue a slight beat and costs a miss.
Revenue growth was mostly driven by volumes, explains the broker, with average monthly new lease orders up by 7%, compared to the 2H of FY23.
Average monthly revenue has risen by 5% when compared to the 1H of FY23, and implies to the broker $142m for the 1H of FY24, which aligns with the consensus estimate.
Electric vehicle take-up was solid (up by 42%) in Morgan Stanley's view, but stabilising. In the 2H of FY23 a rise of 41% occurred.
Equal-weight rating. Target $9.50. 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:
SIQ | SMARTGROUP CORPORATION LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$8.74 08 May |
OPEN $9.01 |
HIGH $9.17 |
680,565 LOW $8.74 |
-0.260| TARGET | |||
| $10.110 15.7% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY22 Actual |
FY23 Actual |
FY24 Forecast |
FY25 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | N/A | 53.5 | xxx |
| DPS (cps) | xxx | N/A | 45.0 | xxx |
| EPS Growth | xxx | N/A | N/A | xxx |
| DPS Growth | xxx | N/A | N/A | xxx |
| PE Ratio | xxx | N/A | 15.3 | xxx |
| Dividend Yield | xxx | N/A | 5.5% | xxx |
| Div Pay Ratio(%) | xxx | N/A | 84.0% | xxx |
DAILY FINANCIAL NEWS
Goodman Group Powers On
Goodman Group’s March quarter update included increased guidance on the back of data centre demand
May 09 2024 - Australia
The Chartist’s stance is to be neutral on the Aussie for now, but ‘long’ if a risk-on global commodity-driven environment can be sustained
May 08 2024 - Technicals
Independent Investment Research updates developments in Australia’s listed investment trust and provides comparative data
May 08 2024 - Australia
Michael Gable of Fairmont Equities sees a new record all-time high on the horizon for shares in Rio Tinto
May 07 2024 - Technicals
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s idea is on Worley
May 06 2024 - Treasure Chest
Rising bond yields meant interest rate-sensitive equities were out of favour in April, while investors sought inflation-protection in mining stocks and commodities
May 06 2024 - Australia
PR NEWSWIRE
Infosys and Formula E Strike New Partnership to Enable Next-Gen Fan Experiences Powered by AI and Digital Innovations
May 09 2024 - PR NewsWire
Forrester Announces Full Conference Agenda For CX Summit APAC 2024
May 09 2024 - PR NewsWire
Australian green hydrogen electrolyser manufacturer, Hysata raises $111m USD led by bp Ventures and Templewater
May 09 2024 - PR NewsWire
SANY’s Strategic Cooperation Catalyzes Australia’s National Hydrogen Strategy
May 08 2024 - PR NewsWire
Strider Names Former Commander of the Royal Canadian Navy, Vice Admiral Paul Maddison, as an Advisor
May 08 2024 - PR NewsWire
JOIN US AT ROADSHOW VIET NAM – HO CHI MINH CITY TOURISM IN AUSTRALIA 2024!
May 08 2024 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: Arcadium Lithium, Goodman Group, Paladin, Pexa & Treasury Wine
By Rudi Filapek-Vandyck, Editor Best Buys & Conviction Calls As promised in Monday's Weekly Insights, below are the latest Model…
May 09 2024
DAILY MARKET REPORTS
ASX Winners And Losers Of Today – 09-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
May 09 2024
The Overnight Report: All Quiet
Both the US and local markets have gone into a bit of a stall, S&P500 flat. (Available for non-subscribers after 10am)
May 09 2024
ASX Winners And Losers Of Today – 08-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
May 08 2024
Australian Broker Call *Extra* Edition – May 08, 2024
Extra Edition of the Broker Call Report
May 08 2024
The Overnight Report: Out Of Puff
US bond yields fell again last night but Wall Street needed a breather. S&P500 up 0.1%. (Available for non-subscribers after 10am)
May 08 2024
WEEKLY REPORTS
The Short Report – 09 May 2024
FNArena’s weekly update on short positions in the Australian share market
May 09 2024
Uranium Week: Finally, A Ban
After five months the US Senate has passed a bill banning imports of Russian uranium. The spot price has reacted accordingly
May 07 2024
Weekly Update On LICs & LITs – 07-May-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
May 07 2024
Australian Listed Real Estate Tables – 06-05-2024
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
May 06 2024
Weekly Ratings, Targets, Forecast Changes – 03-05-24
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
May 06 2024
In Case You Missed It – BC Extra Upgrades & Downgrades – 03-05-24
A summary of the highlights from Broker Call Extra updates throughout the week past
May 03 2024
Weekly Top Ten News Stories – 3 May 2024
Our top ten news stories from 25 April 2024 to 02 May 2024
May 03 2024
Next Week At A Glance – 6-10 May 2024
A brief look at important company events and economic data releases next week
May 03 2024
The Short Report – 02 May 2024
FNArena’s weekly update on short positions in the Australian share market
May 02 2024
THE MARKETS
-
Australia
09 May 2024 Updated : 20:12 AEDT
SPI Overnight
7806.00
-19.00
-0.24%
NZ50
11746.580
-36.310
-0.310%
All Ordinaries
7994.20
-82.50
-1.02%
S&P ASX 200
7721.60
-82.90
-1.06%
S&P ASX 300
7673.60
-82.50
-1.06%
Communication Services
1498.10
-9.90
-0.66%
Consumer Discretionary
3417.40
-89.80
-2.56%
Consumer Staples
11713.50
+10.90
0.09%
Energy
10314.20
+57.00
0.56%
Financials
7274.00
-126.60
-1.71%
Health Care
42303.00
-500.20
-1.17%
Industrials
6971.30
-44.00
-0.63%
Info Technology
2257.80
-13.80
-0.61%
Materials
18141.20
-89.60
-0.49%
Real Estate
3644.60
-47.40
-1.28%
Utilities
9034.20
+26.80
0.30%
A-REITs
1654.30
-22.30
-1.33%
All Technology Index
3063.30
-18.90
-0.61%
Banks
3023.80
-72.30
-2.34%
Gold Index
7586.10
-70.50
-0.92%
Metals & Mining
5944.80
-35.00
-0.59%
-
World
09 May 2024 Updated : 20:12 AEDT
CAD/USD
0.7285
+0.00
0.15%
EUR/JPY
167.39
+0.32
0.19%
EUR/USD
1.0735
0.00
-0.15%
GBP/USD
1.2494
+0.00
0.02%
USD/JPY
155.94
+0.54
0.35%
-
Aus Stocks
09 May 2024 Updated : 20:12 AEDT
Amcor (US)
10.22
+0.10
0.99%
Newmont (US)
41.54
+0.10
0.24%
Rio Tinto (UK)
5559.00
+31.00
0.56%
BHP Group (US)
56.50
-0.97
-1.69%
Rio Tinto (US)
69.02
-1.02
-1.46%
ResMed (US)
212.88
-2.80
-1.30%
South32 (UK)
188.60
-1.80
-0.95%
James Hardie (US)
37.39
+0.46
1.25%
Janus Henderson (US)
32.90
-0.13
-0.39%
Click item/line to change chart
Click item/line to change chart
CALENDAR
Friday, 10 May 2024
NZ manufacturing PMI, Apr CH CPI & PPI, Apr (Saturday) UK GDP, Q1 UK industrial production, Mar UK trade balance, Mar US UMich consumer sentiment, May (initial) 360 quarterly report GNC earnings report QBE AGM WAF AGM Monday, 13 May 2024
AU NAB business confidence, Apr ANZ ex-div 83c (65%) ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$34.68
CSL CSL LIMITED
$277.05
REA REA GROUP LIMITED
$184.70
TNE TECHNOLOGY ONE LIMITED
$16.13
WOW WOOLWORTHS GROUP LIMITED
$30.78
WEEKLY PDF
Stories To Read From FNArena
WEEK 18
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WEEK 15
WEEK 14
FNARENA TALKS
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FNARENA WINDOWS
Window on INFRA & PROPERTY DEVELOPERS
Goodman Group Powers On
Goodman Group’s March quarter update included increased guidance on the back of data centre demand
May 09 2024
Window on TECHNOLOGY
Part Two: Generative AI, Investing in the 21st Century Megatrend
A Megatrend like Generative AI creates an appealing top-down narrative, but how do investors understand the scope and size of the Generative AI market, alongside the opportunities versus the risks?
May 09 2024
Window on WEALTH MANAGEMENT & INVESTMENTS
Monthly Listed Investment Trust Report – May 2024
Independent Investment Research updates developments in Australia’s listed investment trust and provides comparative data
May 08 2024
SMSFUNDAMENTALS
The Hedge Fund Whisperers: Hints For Retail Investors To Unlock Alpha
Hedge funds have long been shrouded in secrecy, their billion-dollar bets whispered only in hushed tones within mahogany-lined conference rooms. These whispers can be harnessed for the astute retail investor. A succinct guide
May 02 2024