FINANCIAL NEWS
Aussie Dollar: Upward Bias
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
11:15 AM
Monthly Listed Investment Trust Report – May 2024
Independent Investment Research updates developments in Australia’s listed investment trust and provides comparative data
11:00 AM
Australian Broker Call *Extra* Edition – May 08, 2024
Extra Edition of the Broker Call Report
10:30 AM
Rudi’s View: Opportunity In Data Centres
Opportunity In Data Centres By Rudi Filapek-Vandyck The concept confounds many an investor, and market commentators too; from the moment…
10:00 AM
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)
8:55 AM
Bell Potter rates DHG as Buy
Recent residential data on the platforms indicate a reversal since a plateauing in March, with a lift in new listing in the June quarter for Domain Holdings Australia.
Bell Potter suggests that Domain Holdings Australia is picking up market share from REA Group ((REA)) from a speedier rate of new listing from sold stock.
The 12% lift in average price appears be holding with agents returning to the platform in the 2H24.
The broker is looking to another trading update, however, current data allow for a lift in FY24 and FY25 EPS forecasts by 9% and 5%, respectively.
Unchanged Buy rating and $3.75 target price due to a rise in the cost of capital on the valuation.
Citi rates DXS as Neutral
In a presentation by Dexus around March quarter highlights, Citi observes relatively stable operational metrics, on a year on year basis.
Office occupancy was 94.4% compared to market levels of 86.5%, while industrial occupancy of 96.6% remains relatively resilient, in the broker's view.
Management maintained FY24 distribution and adjusted funds from operations (AFFO) guidance.
The price target for Dexus remains at $8.20, alongside a Neutral rating.
Macquarie rates IMD as Outperform
Lower drilling activity weighed on Imdex's 3Q trading update, which Macquarie acknowledges is reflective of a tough market afflicted by falling exploration budgets and reduced mining activity.
The broker believes the company is currently well placed to benefit from a pick-up in drilling activity driven by strong industry fundamentals. Stronger commodity prices are driving improved exploration budgets and increased junior capital raising activity, notes the analyst.
Outperform rating retained. Target price falls to $2.30 from $2.45 on the broker's lower earnings forecasts, which reflect the softer
3Q trading update and limited near-term visibility into an increase in activity levels.
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ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
To display the stock analysis for a company please enter the company code:
SGM | SIMS LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$11.06 07 May |
OPEN $10.80 |
HIGH $11.26 |
1,995,873 LOW $10.44 |
-0.750| TARGET | |||
| $12.700 14.8% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY22 Actual |
FY23 Actual |
FY24 Forecast |
FY25 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | N/A | - 14.4 | xxx |
| DPS (cps) | xxx | N/A | 0.0 | xxx |
| EPS Growth | xxx | N/A | N/A | xxx |
| DPS Growth | xxx | N/A | N/A | xxx |
| PE Ratio | xxx | N/A | N/A | xxx |
| Dividend Yield | xxx | N/A | 0.0% | xxx |
| Div Pay Ratio(%) | xxx | N/A | N/A | xxx |
DAILY FINANCIAL NEWS
Aussie Dollar: Upward Bias
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
11:15 AM - Technicals
Independent Investment Research updates developments in Australia’s listed investment trust and provides comparative data
11:00 AM - 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
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
May 04 2024 - Australia
PR NEWSWIRE
Strider Names Former Commander of the Royal Canadian Navy, Vice Admiral Paul Maddison, as an Advisor
9:30 AM - PR NewsWire
JOIN US AT ROADSHOW VIET NAM – HO CHI MINH CITY TOURISM IN AUSTRALIA 2024!
9:00 AM - PR NewsWire
Arcadium Lithium Releases First Quarter 2024 Results
6:05 AM - PR NewsWire
Over half of Aussie mums say wanting breakfast in bed is the biggest Mother’s Day myth, favouring a dining experience instead as Australia celebrates 100 years
5:30 AM - PR NewsWire
Symbio Secures Key License to Enhance Voice Service Offering in Malaysia
May 07 2024 - PR NewsWire
ICICI Bank enables NRI customers to use international mobile number to make UPI payments in India
May 07 2024 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: Opportunity In Data Centres
Opportunity In Data Centres By Rudi Filapek-Vandyck The concept confounds many an investor, and market commentators too; from the moment…
10:00 AM
DAILY MARKET REPORTS
Australian Broker Call *Extra* Edition – May 08, 2024
Extra Edition of the Broker Call Report
10:30 AM
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)
8:55 AM
ASX Winners And Losers Of Today – 07-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
May 07 2024
Australian Broker Call *Extra* Edition – May 07, 2024
Extra Edition of the Broker Call Report
May 07 2024
The Overnight Report: Confidence Building
With US yields having fallen back, and more weak economic data last night, Wall Street has recovered the bulk of its April pullback. S&P500 up 1%. (Available for non-subscribers after 10am)
May 07 2024
WEEKLY REPORTS
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
Uranium Week: Nuclear Power And AI
The extensive power required to run AI models at data centres has brought nuclear energy clearly into focus
Apr 30 2024
THE MARKETS
-
Australia
08 May 2024 Updated : 14:42 AEDT
SPI Overnight
7828.00
+14.00
0.18%
NZ50
11789.650
-11.130
-0.090%
All Ordinaries
8063.90
-1.60
-0.02%
S&P ASX 200
7793.10
-0.20
0.00%
S&P ASX 300
7744.60
-1.10
-0.01%
Communication Services
1507.40
+2.20
0.15%
Consumer Discretionary
3507.90
-12.10
-0.34%
Consumer Staples
11713.40
+10.60
0.09%
Energy
10271.70
+10.70
0.10%
Financials
7388.20
+2.80
0.04%
Health Care
42699.80
+42.80
0.10%
Industrials
7010.60
+46.00
0.66%
Info Technology
2264.60
+6.30
0.28%
Materials
18194.50
-62.20
-0.34%
Real Estate
3681.30
+5.80
0.16%
Utilities
8987.00
+4.10
0.05%
A-REITs
1671.90
+1.40
0.08%
All Technology Index
3078.20
+10.10
0.33%
Banks
3087.60
+2.00
0.06%
Gold Index
7653.50
+5.90
0.08%
Metals & Mining
5965.40
-25.10
-0.42%
-
World
08 May 2024 Updated : 14:42 AEDT
CAD/USD
0.7271
0.00
-0.52%
EUR/JPY
166.64
+0.30
0.18%
EUR/USD
1.0740
0.00
-0.20%
GBP/USD
1.2485
0.00
-0.38%
USD/JPY
155.16
+0.57
0.37%
-
Aus Stocks
08 May 2024 Updated : 14:42 AEDT
Amcor (US)
10.12
+0.03
0.30%
Newmont (US)
41.44
+0.05
0.12%
Rio Tinto (UK)
5556.00
+89.00
1.63%
BHP Group (US)
57.47
+0.61
1.07%
Rio Tinto (US)
70.04
+0.22
0.32%
ResMed (US)
216.16
-0.78
-0.36%
South32 (UK)
191.10
+2.20
1.16%
James Hardie (US)
36.93
+0.63
1.74%
Janus Henderson (US)
33.03
0.00
0.00%
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CALENDAR
Wednesday, 8 May 2024
EZ Germany industrial production, Mar FPR earnings report GMG quarterly update GPT AGM GQG ex-div 3.27c (0%) RMD ex-div 5.15c (0%) SIQ AGM VUK earnings report Thursday, 9 May 2024
CH trade balance, Apr UK BoE policy meeting ALD AGM CBA quarterly report ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$35.01
CSL CSL LIMITED 
$279.53
REA REA GROUP LIMITED
$184.91
TNE TECHNOLOGY ONE LIMITED
$16.31
WOW WOOLWORTHS GROUP LIMITED
$31.01
WEEKLY PDF
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WEEK 18
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FNARENA TALKS
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FNARENA WINDOWS
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
11:00 AM
Window on URANIUM
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
Window on WEALTH MANAGEMENT & INVESTMENTS
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
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