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Morgans believes Microba Life Sciences' June quarter provides its strongest evidence yet that the enterprise account strategy is gaining traction, while progress is not reflected in the share price.

Core testing revenue rose 45% year-on-year to a record $2.53m and operating cash outflow fell -38%. The enterprise pipeline expanded to 175 target accounts from 43 signed customers.

The broker highlights improving clinician productivity and management's target to achieve group break-even on a run-rate basis during 2027.

Morgans retained its Speculative Buy rating and 12c target, citing upside potential from further commercial traction and cost reductions.

Citi rates NCK as Neutral

Citi believes the FY26 result for DFS Furniture, the UK's largest upholstered furniture retailer, points to softer trading conditions in the UK.

Consequently, the broker expects growth at Nick Scali's UK operations to have moderated since the company's February update.

Neutral rating. Target $14.15.

Citi rates NWL as Buy

Citi assesses Netwealth Group's fourth-quarter update as soft but broadly in line with expectations. Net flows fell -16% year-on-year as outflows reached a five-quarter high. Softer core flows are expected to persist through the first half of FY27.

Weakness was driven by a small number of ultra-high-net-worth clients, the analyst notes, though net flows improved through the latter part of the quarter.

Funds under administration (FUA) and funds under management (FUM) came in slightly ahead of expectations and management reaffirmed its FY26 and FY27 outlook.

Target $29.10. Buy.

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ANALYSIS & DATA

FNARENA'S MARKET CONSENSUS FORECASTS

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ANZ | ANZ GROUP HOLDINGS LIMITED

Abbreviated format - see the full version here

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$36.21 16 Jul 2026	0.260 OPEN $36.11	0.72% HIGH $36.42	3,254,235 LOW $35.99

LAST PRICE

CHANGE +/-

CHANGE %

VOLUME

$36.21

16 Jul
2026

market green arrow 0.260

OPEN

$36.11

market green arrow 0.72%

HIGH

$36.42

3,254,235

LOW

$35.99

TARGET
$34.517-4.7% downside
Franking for last dividend paid out: 75%

FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY24 Actual	FY25 Actual	FY26 Forecast	FY27 Forecast
EPS (cps)	xxx	198.2	247.0	xxx
DPS (cps)	xxx	166.0	166.8	xxx
EPS Growth	xxx	- 9.1%	24.6%	xxx
DPS Growth	xxx	0.0%	0.5%	xxx
PE Ratio	xxx	N/A	14.6	xxx
Dividend Yield	xxx	N/A	4.6%	xxx
Div Pay Ratio(%)	xxx	83.8%	67.5%	xxx

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RBC Capital on Regis Resources $RRL: "RRL has released FY27 guidance for production, All-In Sustaining Costs (AISC) and growth capex. FY27 production guidance of 360-400koz (380koz mid-point) is broadly flat vs FY26e and 3% below consensus of 392koz (-7% vs RBCe 408koz). "The

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DAILY MARKET REPORTS

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WEEKLY REPORTS

Next Week At A Glance – 20-25 Jul 2026

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Weekly Update On LICs & LITs – 14-Jul-2026

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

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

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Click item/line to change chart

Australia
17 July 2026 Updated : 20:12 AEDT
SPI Overnight
8784.00
-15.00
-0.17%
NZ50
13694.680
+79.900
0.590%
All Ordinaries
8978.80
-58.10
-0.64%

S&P ASX 200
8796.70
-44.00
-0.50%
S&P ASX 300
8725.70
-48.50
-0.55%
Communication Services
1639.50
+26.10
1.62%
Consumer Discretionary
4055.60
+19.50
0.48%
Consumer Staples
13049.10
+137.20
1.06%
Energy
10037.30
+163.80
1.66%
Financials
9688.20
-10.10
-0.10%
Health Care
26729.40
-91.60
-0.34%
Industrials
8362.40
+53.90
0.65%
Info Technology
1747.50
-28.50
-1.60%
Materials
22350.90
-670.90
-2.91%
Real Estate
3583.80
+35.30
0.99%
Utilities
9536.50
+166.10
1.77%
A-REITs
1668.50
+16.90
1.02%
All Technology Index
2951.30
-50.40
-1.68%
Banks
4065.10
-16.70
-0.41%
Gold Index
14403.60
-749.60
-4.95%
Metals & Mining
7657.30
-250.40
-3.17%

Click item/line to change chart

Australasia
17 July 2026 Updated : 20:12 AEDT

AUD/USD
0.6971
0.00
-0.43%
AUD/NZD
1.1954
0.00
-0.08%
NZD/USD
0.5831
0.00
-0.36%
AUD/JPY
113.18
-0.37
-0.33%
SGD/AUD
1.11
+0.00
0.28%
AUD/EUR
0.6095
0.00
-0.18%
AUD/GBP
0.5186
+0.00
0.06%
AUDCAD
0.9780
0.00
-0.50%
World
17 July 2026 Updated : 20:12 AEDT
CAD/USD
0.7128
+0.00
0.07%
EUR/JPY
185.72
-0.25
-0.13%
EUR/USD
1.1437
0.00
-0.24%
GBP/USD
1.3439
-0.01
-0.51%
USD/JPY
162.37
+0.18
0.11%

Click item/line to change chart

World
17 July 2026 Updated : 20:12 AEDT
FTSE100
10560.84
-11.40
-0.11%
DAX30
24680.38
-235.11
-0.94%
Hang Seng
24562.24
-446.36
-1.78%
Nikkei 225
64141.12
-2694.42
-4.03%
NZ50
13694.680
+79.900
0.590%
DJIA
52552.97
-105.67
-0.20%

S&P500
7533.77
-38.63
-0.51%
Nasdaq Comp
25881.95
-387.28
-1.47%
S&P500 VIX
18.33
+2.66
16.98%
US 10-year yield
4.569
+0.024
0.530%
USD Index
100.36
-0.37
-0.36%
Aus Stocks
17 July 2026 Updated : 20:12 AEDT
Amcor (US)
44.84
+1.45
3.34%
Newmont (US)
90.83
-4.38
-4.60%
Rio Tinto (UK)
6642.00
-99.00
-1.47%
BHP Group (US)
80.71
-4.78
-5.59%
Rio Tinto (US)
90.67
-2.95
-3.15%
ResMed (US)
202.76
+4.19
2.11%
South32 (UK)
202.09
-5.11
-2.47%
James Hardie (US)
26.96
+0.66
2.51%
Janus Henderson (US)
51.95
-0.02
-0.04%

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Metals & Minerals
16 July 2026 Updated : 07:17 AEDT
Gold (oz)
4067.05
+8.85
0.22%
Silver (oz)
58.10
-0.94
-1.59%
Copper (lb)
6.3830
+0.02
0.25%
Aluminium (lb)
1.4281
-0.01
-0.88%
Nickel (lb)
7.4887
-0.04
-0.51%
Zinc (lb)
1.6100
-0.02
-1.32%
Copper (t)
14068.13
+35.26
0.25%
Aluminium (t)
3147.50
-28.10
-0.88%
Nickel (t)
16505.00
-85.00
-0.51%
Zinc (t)
3548.45
-47.45
-1.32%
Uranium (lb) weekly
84.80
-0.20
-0.24%
Iron Ore (t)
98.88
-0.04
-0.04%
Energy
16 July 2026 Updated : 07:17 AEDT

West Texas Crude
80.24
+0.36
0.45%
Brent Crude
85.38
+0.04
0.05%