FINANCIAL NEWS

The Overnight Report: Nvidia Guidance Flops

A global perspective on what happened overnight

8:45 AM


Today’s Financial Calendar – 21-11-2024

Significant Scheduled Events For 21 November, 2024

8:15 AM


ASX Winners And Losers Of Today – 20-11-24

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

Nov 20 2024


Cycle Optimism Building For Elders

A dry first quarter impacted on Elders’ FY24 earnings but more normal conditions are already prevalent in FY25

Nov 20 2024


Technical Views On Nasdaq, ASX200 & Gold

Earlier today, Tony Sycamore, Market Analyst, IG shared his technical views on the Nasdaq, ASX200 and gold

Nov 20 2024


Citi rates AMC as Neutral

Adding to previous takeaways on the merger between Amcor and Berry, Citi notes some investor concerns, higher EPS generation could come at the "expense" of return on capital and a potentially more cyclical portfolio.

The broker believes the merger is logical, and is expected to generate US$650m in synergies or around 3% of sales.

Citi explains Berry is being merged at a lower valuation multiple, some -20% below Amcor's. The analyst views this as indicative of the more cyclical nature of Bery's earnings profile due to exposure to commoditised products. The company has been diversifying into consumer packaging.

Amcor remains Neutral rated. Target price is $17.

Bell Potter rates IPX as Speculative Buy

Bell Potter believes its new forecast of US$110/kg for Iperionx's titanium production margins, up from US$60/kg, is likely highly conservative.

The broker highlights that, despite a marginally slower ramp-up, recent contract wins with Ford and Aperam showcase the company's focus on securing higher-value contracts ahead of titanium production.

Bell Potter raises the target price to $5.25 from $3.95 and maintains a Speculative Buy rating.

Morgan Stanley rates SEK as Overweight

Morgan Stanley considers Seek's AGM trading update and reiterated FY25 guidance is important for a stock that has been in an earningsdowngrade cycle for around two years.

While the consensus view is bearish, with some seeing the stock as structurally broken, the broker assesses the majority of earnings declines have been cyclical.

Positively, according to the analysts, management cited improving volumes in Australia, higher yield and a rising probability of monetisation of its Growth fund investment.

Overweight retained. Target rises to $30 from $28. Industry View: Attractive.

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ANALYSIS & DATA

FNARENA'S MARKET CONSENSUS FORECASTS

To display the stock analysis for a company please enter the company code:

ANZ | ANZ GROUP HOLDINGS LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$32.34

19 Nov
2024

-0.120

OPEN

$32.40

-0.37%

HIGH

$32.80

5,419,970

LOW

$32.29

TARGET
$27.390 -15.3% downside
Franking for last dividend paid out: 65%
FNARENA'S MARKET CONSENSUS FORECASTS
ANZ: 1
Title FY23
Actual
FY24
Actual
FY25
Forecast
FY26
Forecast
EPS (cps) xxx 218.0 226.8 xxx
DPS (cps) xxx 166.0 172.0 xxx
EPS Growth xxx - 8.0% 4.0% xxx
DPS Growth xxx - 5.1% 3.6% xxx
PE Ratio xxx N/A 14.2 xxx
Dividend Yield xxx N/A 5.3% xxx
Div Pay Ratio(%) xxx 76.2% 75.8% xxx

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DAILY FINANCIAL NEWS

Cycle Optimism Building For Elders

A dry first quarter impacted on Elders’ FY24 earnings but more normal conditions are already prevalent in FY25

Nov 20 2024 - Australia


Earlier today, Tony Sycamore, Market Analyst, IG shared his technical views on the Nasdaq, ASX200 and gold

Nov 20 2024 - Technicals


FY24 revealed ongoing strength for FleetPartners Group’s novated leasing with analysts highlighting ongoing buybacks and the prospect for the FY27 return of dividends

Nov 20 2024 - Small Caps


FY25 looks like providing a bumper harvest, but weaker grain trading and crush margins due to strength in global crops will keep GrainCorp earnings under pressure

Nov 19 2024 - Australia


Analysts raise targets for Aristocrat Leisure following in-line FY24 results while the recent sale of a mobile gaming business lends support for capital management

Nov 19 2024 - Australia


While the outlook remains positive for Orica’s traditional explosives business, analysts believe building its digital and specialty chemicals segments will further boost upside, along with capital management potential

Nov 18 2024 - Australia


RUDI'S VIEWS

Rudi’s View: Knock. Knock. Volatility Is Back!

By Rudi Filapek-Vandyck, Editor Ed Yardeni believes the S&P500 will reach 10,000 by 2030. It seems like a bold prediction…

Nov 20 2024

DAILY MARKET REPORTS

The Overnight Report: Nvidia Guidance Flops

A global perspective on what happened overnight

8:45 AM


Today’s Financial Calendar – 21-11-2024

Significant Scheduled Events For 21 November, 2024

8:15 AM


ASX Winners And Losers Of Today – 20-11-24

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

Nov 20 2024


Australian Broker Call *Extra* Edition – Nov 20, 2024

Extra Edition of the Broker Call Report

Nov 20 2024


The Overnight Report: In Tech We Trust

A global perspective on what happened overnight

Nov 20 2024


Today’s Financial Calendar – 20-11-2024

Significant Scheduled Events For 20 November, 2024

Nov 20 2024


ASX Winners And Losers Of Today – 19-11-24

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

Nov 19 2024


WEEKLY REPORTS

Weekly Update On LICs & LITs – 19-Nov-2024

Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX

Nov 19 2024

Uranium Week: From Russia With Love

Uranium spot prices received an extra fillip from Russia’s temporary export ban on enriched product in retaliation to US government sanctions

Nov 19 2024

Australian Listed Real Estate Tables – 18-11-2024

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

Nov 18 2024


Weekly Ratings, Targets, Forecast Changes – 15-11-24

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

Nov 18 2024

Next Week At A Glance -18-22 Nov 2024

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

Nov 15 2024

Weekly Top Ten News Stories – 15 November 2024

Our top ten news stories from 07 November 2024 to 14 November 2024

Nov 15 2024


In Case You Missed It – BC Extra Upgrades & Downgrades – 15-11-24

A summary of the highlights from Broker Call Extra updates throughout the week past

Nov 15 2024

In Brief: Bisalloy Steel, Attura & Lindsay Australia

Weekly Broker Wrap: Peek into the smaller market cap end of the share market with brokers offering ideas across a range of industries

Nov 15 2024

The Short Report – 14 Nov 2024

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

Nov 14 2024


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THE MARKETS

    Click item/line to change chart

  • Australia

    21 November 2024   Updated : 09:42   AEDT

    SPI Overnight

    8363.00

    +4.00

    0.05%

    NZ50

    12718.550

    -18.510

    -0.150%

    All Ordinaries

    8579.10

    -50.10

    -0.58%

    S&P ASX 200

    8326.30

    -47.70

    -0.57%

    S&P ASX 300

    8256.30

    -47.30

    -0.57%

    Communication Services

    1668.10

    -25.90

    -1.53%

    Consumer Discretionary

    3875.70

    -43.00

    -1.10%

    Consumer Staples

    11522.40

    -61.10

    -0.53%

    Energy

    8672.80

    -89.60

    -1.02%

    Financials

    8928.80

    -35.40

    -0.39%

    Health Care

    43909.60

    +116.30

    0.27%

    Industrials

    7575.20

    -100.50

    -1.31%

    Info Technology

    2905.20

    -24.10

    -0.82%

    Materials

    16652.20

    -67.40

    -0.40%

    Real Estate

    3947.70

    -38.50

    -0.97%

    Utilities

    8975.30

    +17.30

    0.19%

    A-REITs

    1803.50

    -17.30

    -0.95%

    All Technology Index

    3878.80

    -17.60

    -0.45%

    Banks

    3766.70

    -7.50

    -0.20%

    Gold Index

    8791.90

    +58.70

    0.67%

    Metals & Mining

    5402.10

    -11.40

    -0.21%

    Click item/line to change chart

  • Australasia

    21 November 2024   Updated : 09:42   AEDT

    AUD/USD

    0.6507

    0.00

    -0.09%

    AUD/NZD

    1.1072

    +0.00

    0.07%

    NZD/USD

    0.5877

    0.00

    -0.17%

    AUD/JPY

    101.12

    -0.29

    -0.29%

    SGD/AUD

    1.14

    +0.00

    0.02%

    AUD/EUR

    0.6172

    +0.00

    0.08%

    AUD/GBP

    0.5143

    +0.00

    0.10%

    AUDCAD

    0.9094

    0.00

    -0.07%

  • World

    21 November 2024   Updated : 09:42   AEDT

    CAD/USD

    0.7155

    0.00

    -0.01%

    EUR/JPY

    163.84

    -0.60

    -0.36%

    EUR/USD

    1.0543

    0.00

    -0.16%

    GBP/USD

    1.2652

    0.00

    -0.18%

    USD/JPY

    155.40

    -0.31

    -0.20%

    Click item/line to change chart

  • World

    21 November 2024   Updated : 09:42   AEDT

    FTSE100

    8085.07

    -13.95

    -0.17%

    DAX30

    19004.78

    -55.53

    -0.29%

    Hang Seng

    19705.01

    +41.34

    0.21%

    Nikkei 225

    38352.34

    -62.09

    -0.16%

    DJIA

    43408.47

    +139.53

    0.32%

    S&P500

    5917.11

    +0.13

    0.00%

    Nasdaq Comp

    18966.14

    -21.33

    -0.11%

    S&P500 VIX

    17.16

    +0.81

    4.95%

    US 10-year yield

    4.406

    +0.027

    0.620%

    USD Index

    106.64

    +0.50

    0.47%

  • Aus Stocks

    21 November 2024   Updated : 09:42   AEDT

    Amcor (US)

    10.34

    +0.45

    4.55%

    Newmont (US)

    42.99

    -0.19

    -0.44%

    Rio Tinto (UK)

    4889.50

    -4.00

    -0.08%

    BHP Group (US)

    52.27

    -0.41

    -0.78%

    Rio Tinto (US)

    62.39

    -0.04

    -0.06%

    ResMed (US)

    241.55

    +3.43

    1.44%

    South32 (UK)

    189.20

    +0.90

    0.48%

    James Hardie (US)

    35.38

    -0.57

    -1.59%

    Janus Henderson (US)

    43.86

    -0.06

    -0.14%

    Click item/line to change chart

  • Metals & Minerals

    21 November 2024   Updated : 09:10   AEDT

    Gold (oz)

    2651.80

    +14.05

    0.53%

    Silver (oz)

    30.93

    -0.45

    -1.44%

    Copper (lb)

    4.1485

    -0.02

    -0.40%

    Aluminium (lb)

    1.1845

    -0.01

    -0.57%

    Nickel (lb)

    7.1458

    +0.03

    0.46%

    Zinc (lb)

    1.3416

    +0.01

    0.68%

    Copper (t)

    9215.08

    -40.22

    -0.43%

    Aluminium (t)

    2632.00

    -15.00

    -0.57%

    Nickel (t)

    15878.00

    +72.00

    0.46%

    Zinc (t)

    2981.00

    +20.00

    0.68%

    Uranium (lb) weekly

    83.00

    +6.00

    7.79%

    Iron Ore (t)

    101.95

    +0.19

    0.19%

  • Energy

    21 November 2024   Updated : 08:02   AEDT

    West Texas Crude

    69.08

    -0.28

    -0.40%

    Brent Crude

    73.12

    -0.29

    -0.40%

CALENDAR

Thursday, 21 November 2024
US Oct existing home sales
US Phil Fed bus outlook
BGL AGM
CHN AGM
CLG AGM
DXI AGM
EVN AGM
GOZ AGM
HUB AGM
IFL AGM
MIN AGM
NWL AGM
PDI AGM

ALL WEATHER STOCKS

Code Company Price
CAR CAR GROUP LIMITED

$41.46

CSL CSL LIMITED

$274.30

REA REA GROUP LIMITED

$245.57

TNE TECHNOLOGY ONE LIMITED

$29.36

WOW WOOLWORTHS GROUP LIMITED

$30.14

WEEKLY PDF

Stories To Read From FNArena


WEEK 46

WEEK 45

WEEK 44

WEEK 43

WEEK 42

FNARENA TALKS

FNARENA WINDOWS

Window on AGRICULTURE

Cycle Optimism Building For Elders

A dry first quarter impacted on Elders’ FY24 earnings but more normal conditions are already prevalent in FY25

Nov 20 2024


Window on VEHICLE LEASING & SALARY PACKAGING

EVs And Capital Management Drive FleetPartners

FY24 revealed ongoing strength for FleetPartners Group’s novated leasing with analysts highlighting ongoing buybacks and the prospect for the FY27 return of dividends

Nov 20 2024


Window on WEALTH MANAGEMENT & INVESTMENTS

Weekly Update On LICs & LITs – 19-Nov-2024

Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX

Nov 19 2024


GEN AI

Nuix Rises From The Ashes

After a post IPO car crash for investors, Nuix has turned the corner as it hits its AI straps and draws comparisons to US tech stock Palantir

Nov 08 2024


FEATURE STORIES

A Golden Era For Engineering Services?

Defence, energy, digitalisation industries collide with sustainability to provide a very positive investment spending backdrop for Australia’s engineering services companies

Oct 30 2024