FINANCIAL NEWS

In Case You Missed It – BC Extra Upgrades & Downgrades – 18-10-24

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

11:29 AM


Weekly Top Ten News Stories – 18 October 2024

Our top ten news stories from 10 October 2024 to 17 October 2024

11:00 AM


COG Financial Services Screens ‘Too Cheap’

A cheap valuation and chunky dividend yield make COG Financial Services a compelling story

10:35 AM


In Brief: Lithium, Brazilian Rare Earths & Fineos

Weekly Broker Wrap: Potential lithium stock targets for M&A; Brazilian Rare Earths in focus and Fineos’ second major client a possible game changer

10:11 AM


The Overnight Report: Friday Pause

A global perspective on what happened overnight

8:51 AM


Citi rates AMP as Downgrade to Neutral from Buy

After the 3Q provided more evidence of a business turnaround, Citi raises its target for AMP to $1.70 from $1.45 and downgrades to Neutral from Buy after the recent share price appreciation.

Positives for the broker include significantly improved platform flows, an almost halving of Superannuation & Investments (S&I) outflows, and the return of some slight volume growth to the bank.

Macquarie rates DEG as Outperform

Macquarie focuses on the debt position of De Grey Mining post the 1Q25 update. Cash and deposits came in slightly lower than forecast with the company expected to finalise the debt funding package including a $130m debt overrun facility in 2Q25.

The broker explains post the debt package, the miner will be fully funded for Hemi Development of A. Documents were resubmitted to the Federal Department of Climate Change, Energy and Environment and Water in 1Q25. Approval is anticipated in 3Q25, the analyst notes.

Macquarie lowers EPS forecasts for FY25 by -7% for the lower cash balance resulting from higher-than-estimated exploration costs.

De Grey Mining has an Outperform rating with a $2.10 target price.

Click here to see full report

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

$31.82

17 Oct
2024

0.420

OPEN

$31.63

1.34%

HIGH

$31.82

5,384,269

LOW

$31.54

TARGET
$27.408 -13.9% downside
Franking for last dividend paid out: 65%
FNARENA'S MARKET CONSENSUS FORECASTS
ANZ: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 236.8 226.7 xxx
DPS (cps) xxx 175.0 164.8 xxx
EPS Growth xxx - 5.3% - 4.3% xxx
DPS Growth xxx 20.3% - 5.8% xxx
PE Ratio xxx N/A 14.0 xxx
Dividend Yield xxx N/A 5.2% xxx
Div Pay Ratio(%) xxx 73.9% 72.7% xxx

FOLLOW US ON SOCIAL MEDIA

FIND FNARENA ON

DAILY FINANCIAL NEWS

COG Financial Services Screens ‘Too Cheap’

A cheap valuation and chunky dividend yield make COG Financial Services a compelling story

10:35 AM - Small Caps


Chinese authorities will have to do a whole lot more to fix their local economy, and share market, concludes XTB MENA’s Hani Abuagla

Oct 17 2024 - International


WEB Travel has downgraded revenue margin guidance for the second time in four months, raising questions of whether there are structural issues in the once buoyant European region

Oct 17 2024 - Small Caps


The health of the US economy trumps presidential politics, argues Federated Hermes’ Charlotte Daughtrey, with quality smaller cap companies to benefit most

Oct 16 2024 - International


Tony Sycamore, Market Analyst, IG updated his technical views on the Nasdaq, ASX200 and WTI crude oil

Oct 16 2024 - Technicals


A glance through the latest expert views and predictions about commodities: After the recent oil price rally, brokers weigh the competing forces of geopolitical turmoil against negative oil market fundamentals

Oct 16 2024 - Commodities


RUDI'S VIEWS

Rudi’s View: AI, Lithium, Uranium & Steadfast

Part Two of this week’s Weekly Insights contains: -Profit forecasts in Australia and the USA-Uranium stocks on the move-Lithium spurred…

Oct 17 2024

DAILY MARKET REPORTS

The Overnight Report: Friday Pause

A global perspective on what happened overnight

8:51 AM


Today’s Financial Calendar – 18-10-2024

Significant Scheduled Events For 18 October, 2024

8:15 AM


ASX Winners And Losers Of Today – 17-10-24

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

Oct 17 2024


Australian Broker Call *Extra* Edition – Oct 17, 2024

Extra Edition of the Broker Call Report

Oct 17 2024


The Overnight Report: A New Record High

A global perspective on what happened overnight

Oct 17 2024


Today’s Financial Calendar – 17-10-2024

Significant Scheduled Events For 17 October, 2024

Oct 17 2024


ASX Winners And Losers Of Today – 16-10-24

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

Oct 16 2024


WEEKLY REPORTS

In Case You Missed It – BC Extra Upgrades & Downgrades – 18-10-24

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

11:29 AM

Weekly Top Ten News Stories – 18 October 2024

Our top ten news stories from 10 October 2024 to 17 October 2024

11:00 AM

In Brief: Lithium, Brazilian Rare Earths & Fineos

Weekly Broker Wrap: Potential lithium stock targets for M&A; Brazilian Rare Earths in focus and Fineos’ second major client a possible game changer

10:11 AM


The Short Report – 17 Oct 2024

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

Oct 17 2024

Weekly Update On LICs & LITs – 15-Oct-2024

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

Oct 15 2024

Uranium Week: Nuclear Support Broadening

Technological innovation in nuclear energy power generation is the growing narrative behind a positive outlook on uranium

Oct 15 2024


Australian Listed Real Estate Tables – 14-10-2024

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

Oct 14 2024

Weekly Ratings, Targets, Forecast Changes – 11-10-24

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

Oct 14 2024

Next Week At A Glance – 14-17 Oct 2024

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

Oct 11 2024


FOLLOW US ON SOCIAL MEDIA

FIND FNARENA ON

THE MARKETS

    Click item/line to change chart

  • Australia

    18 October 2024   Updated : 12:42   AEDT

    SPI Overnight

    8364.00

    -27.00

    -0.32%

    NZ50

    12778.810

    +10.270

    0.080%

    All Ordinaries

    8569.20

    -54.90

    -0.64%

    S&P ASX 200

    8298.80

    -57.10

    -0.68%

    S&P ASX 300

    8239.00

    -57.00

    -0.69%

    Communication Services

    1614.90

    -6.80

    -0.42%

    Consumer Discretionary

    3763.00

    -61.40

    -1.61%

    Consumer Staples

    12244.50

    +0.60

    0.00%

    Energy

    8978.80

    -85.60

    -0.94%

    Financials

    8553.30

    -4.20

    -0.05%

    Health Care

    45719.30

    -84.00

    -0.18%

    Industrials

    7516.40

    -49.20

    -0.65%

    Info Technology

    2637.00

    -33.90

    -1.27%

    Materials

    17461.30

    -229.00

    -1.29%

    Real Estate

    4050.80

    -61.20

    -1.49%

    Utilities

    8765.90

    -180.90

    -2.02%

    A-REITs

    1848.20

    -28.60

    -1.52%

    All Technology Index

    3522.80

    -15.40

    -0.44%

    Banks

    3592.20

    -0.70

    -0.02%

    Gold Index

    9488.30

    +35.50

    0.38%

    Metals & Mining

    5701.40

    -76.30

    -1.32%

    Click item/line to change chart

  • Australasia

    18 October 2024   Updated : 12:42   AEDT

    AUD/USD

    0.6704

    +0.00

    0.34%

    AUD/NZD

    1.1060

    +0.00

    0.22%

    NZD/USD

    0.6062

    +0.00

    0.12%

    AUD/JPY

    100.53

    +0.49

    0.48%

    SGD/AUD

    1.14

    0.00

    -0.30%

    AUD/EUR

    0.6189

    +0.00

    0.54%

    AUD/GBP

    0.5150

    +0.00

    0.06%

    AUDCAD

    0.9248

    +0.00

    0.46%

  • World

    18 October 2024   Updated : 12:42   AEDT

    CAD/USD

    0.7250

    0.00

    -0.10%

    EUR/JPY

    162.41

    -0.11

    -0.06%

    EUR/USD

    1.0832

    0.00

    -0.19%

    GBP/USD

    1.3019

    +0.00

    0.29%

    USD/JPY

    149.95

    +0.23

    0.16%

    Click item/line to change chart

  • World

    18 October 2024   Updated : 12:42   AEDT

    FTSE100

    8385.13

    +56.06

    0.67%

    DAX30

    19583.39

    +150.58

    0.77%

    Hang Seng

    20209.94

    +130.84

    0.65%

    Nikkei 225

    38984.31

    +73.12

    0.19%

    DJIA

    43239.05

    +161.35

    0.37%

    S&P500

    5841.47

    -1.00

    -0.02%

    Nasdaq Comp

    18373.61

    +6.53

    0.04%

    S&P500 VIX

    19.11

    -0.47

    -2.40%

    US 10-year yield

    4.096

    +0.080

    1.990%

    USD Index

    103.61

    +0.27

    0.26%

  • Aus Stocks

    18 October 2024   Updated : 12:42   AEDT

    Amcor (US)

    11.25

    -0.05

    -0.44%

    Newmont (US)

    56.50

    +0.23

    0.41%

    Rio Tinto (UK)

    4945.67

    -93.33

    -1.85%

    BHP Group (US)

    56.89

    +0.16

    0.28%

    Rio Tinto (US)

    65.09

    -0.86

    -1.30%

    ResMed (US)

    239.59

    +1.25

    0.52%

    South32 (UK)

    192.66

    +3.46

    1.83%

    James Hardie (US)

    36.70

    +0.03

    0.08%

    Janus Henderson (US)

    40.67

    +0.13

    0.32%

    Click item/line to change chart

  • Metals & Minerals

    18 October 2024   Updated : 08:07   AEDT

    Gold (oz)

    2708.35

    +18.05

    0.67%

    Silver (oz)

    31.87

    -0.02

    -0.05%

    Copper (lb)

    4.3312

    -0.04

    -0.85%

    Aluminium (lb)

    1.1526

    -0.01

    -1.04%

    Nickel (lb)

    7.6667

    -0.15

    -1.91%

    Zinc (lb)

    1.3722

    -0.01

    -0.55%

    Copper (t)

    9629.04

    -77.77

    -0.80%

    Aluminium (t)

    2561.00

    -27.00

    -1.04%

    Nickel (t)

    17035.50

    -331.00

    -1.91%

    Zinc (t)

    3049.00

    -17.00

    -0.55%

    Uranium (lb) weekly

    83.00

    +0.50

    0.61%

    Iron Ore (t)

    105.36

    -0.84

    -0.79%

  • Energy

    18 October 2024   Updated : 08:05   AEDT

    West Texas Crude

    70.75

    +0.08

    0.11%

    Brent Crude

    74.52

    0.00

    0.00%

CALENDAR

Friday, 18 October 2024
JP Sept CPI
CH 3Q GDP, Sept Retail sales
UK Sept retail sales
US Sept Housing starts, Building permits
AFG AGM
ALX Operational Update
BPT Operationally Update
EVT AGM
PWH AGM
RUL AGM
YAL Qtrly update
Monday, 21 October 2024
AOV AGM

ALL WEATHER STOCKS

Code Company Price
CAR CAR GROUP LIMITED

$36.84

CSL CSL LIMITED

$300.30

REA REA GROUP LIMITED

$222.68

TNE TECHNOLOGY ONE LIMITED

$24.20

WOW WOOLWORTHS GROUP LIMITED

$32.61

WEEKLY PDF

Stories To Read From FNArena


WEEK 41

WEEK 40

WEEK 39

WEEK 38

WEEK 37

FNARENA TALKS

FNARENA WINDOWS

Window on BUSINESS & CONSUMER CREDIT

COG Financial Services Screens ‘Too Cheap’

A cheap valuation and chunky dividend yield make COG Financial Services a compelling story

10:35 AM


Window on NEW BATTERY ELEMENTS

In Brief: Lithium, Brazilian Rare Earths & Fineos

Weekly Broker Wrap: Potential lithium stock targets for M&A; Brazilian Rare Earths in focus and Fineos’ second major client a possible game changer

10:11 AM


Window on TRAVEL, LEISURE & TOURISM

What Happened To WEB Travel’s Growth Outlook?

WEB Travel has downgraded revenue margin guidance for the second time in four months, raising questions of whether there are structural issues in the once buoyant European region

Oct 17 2024


GEN AI

Dicker Data Preps For PC Refresh Cycle Upswing

Analysts see value in Dicker Data shares based on second quarter momentum and potential upside to PC sales

Sep 17 2024


FEATURE STORIES

Australian Banks: When The End Of The Trend?

Australian banks have run up to historically high valuations, well above expectation. But the tide is beginning to turn, and brokers warn of several factors conspiring to affect a period of bank underperformance

Oct 07 2024