FINANCIAL NEWS
Rudi’s View: High Conviction ASX Opportunities
In this week’s edition: Fundies Selling Resources, Opportunities In Small Caps, Noosa Conference Standouts & December Index Changes
5:33 PM
Fraud Fallout: Analysts Back Zip
While Zip Co’s fraud losses and rising US bad debts rattled investors, accelerating growth and unchanged guidance keep analysts positive
1:35 PM
The Short Report – 29 Oct 2026
FNArena’s weekly update on short positions in the Australian share market
10:30 AM
Cuscal’s Payments Moat & Premium Valuation
Cuscal’s unique position in Australia’s payments infrastructure market offers attractive earnings growth, supported by high barriers to entry, operating leverage and acquisitions
10:05 AM
Macquarie rates AMI as Upgrade to Outperform from Neutral
Aurelia Metals' 1Q27 production, with gold output of 16.2koz, beat consensus by 11% and was its highest quarterly production in around 18 months.
Macquarie comments both silver and copper production also beat expectations by 44% and 51%, respectively.
Gold production reached 29% of the FY27 guidance midpoint, leaving the company comfortably on track to meet its full-year targets. Cash stood at $161m with no debt, while planned upgrades to the Peak processing plant remain on schedule for commissioning in 2Q27.
Flooding at the Federation mine impacted underground development, although additional water management capacity is expected to restore development rates by 3Q27. The analyst raised FY27 EPS forecasts by 11%.
Macquarie upgrades the stock to Outperform from Neutral due to recent share price weakness and raises its target price by 4% to $0.55.
Morgans rates BBT as Buy
BETR Entertainment provided a mixed result in the first quarter, Morgans observes. Turnover growth of 19.1% was offset by sporting and racing outcomes, which affected margins.
October trading has rebounded, with net wins up 73% at an 11.5% net win margin. Management has reaffirmed FY27 guidance of $13m-$19m normalised EBITDA.
The broker lowers FY27 EBITDA forecasts to $14m from $15.4m previously and maintains a Buy rating. Target edges down to 34c from 36c.
Citi rates INA as Downgrade to Neutral from Buy
Citi raises its target for Ingenia Communities to $5.50 and downgrades its rating to Neutral from Buy following Warburg Pincus' revised cash takeover proposal.
The broker notes the $5.50-per-share offer exceeds AVID Property Group's $5.40 proposal and involves partners seeking Ingenia's holiday parks and Gardens businesses.
Warburg's previous 'best and final' position was reset by AVID's superior offer, with existing conditions retained and additional due diligence access required.
AVID has until November 1 to match or improve on the proposal.
Citi expects further announcements, with AVID likely to return with another offer.
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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 |
|---|---|---|---|
$39.86 28 Oct | 0.000 OPEN $39.89 | 0.000 HIGH $40.19 | 3,586,043 LOW $39.50 |
| TARGET | |||
| $36.073-9.5% downside | |||
| Franking for last dividend paid out: 75% |
| Title | FY24 Actual | FY25 Actual | FY26 Forecast | FY27 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | 198.2 | 247.9 | xxx |
| DPS (cps) | xxx | 166.0 | 166.7 | xxx |
| EPS Growth | xxx | - 9.1% | 25.1% | xxx |
| DPS Growth | xxx | 0.0% | 0.4% | xxx |
| PE Ratio | xxx | N/A | 16.4 | xxx |
| Dividend Yield | xxx | N/A | 4.1% | xxx |
| Div Pay Ratio(%) | xxx | 83.8% | 67.2% | xxx |
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DAILY FINANCIAL NEWS
Fraud Fallout: Analysts Back Zip
While Zip Co’s fraud losses and rising US bad debts rattled investors, accelerating growth and unchanged guidance keep analysts positive
1:35 PM - Small Caps
Cuscal’s unique position in Australia’s payments infrastructure market offers attractive earnings growth, supported by high barriers to entry, operating leverage and acquisitions
10:05 AM - Small Caps
Whitehaven Coal started FY27 on a strong footing, with higher coal prices adding to the upside, but pending production disruptions and seasonality suggest more challenges are ahead
Oct 28 2026 - Australia
BlueScope Steel’s earnings upgrade highlights its exposure to a tightening US steel market, raising hopes for greater shareholder returns
Oct 28 2026 - Australia
The Federal Court has ordered Hollard Insurance to pay a $2 million penalty over delays in handling a home insurance claim, putting claims handling firmly in the regulatory spotlight
Oct 28 2026 - Australia
Sigma Healthcare is expanding at home and abroad, with oral GLP-1 medicines offering further upside
Oct 27 2026 - Australia
PR NEWSWIRE
Fox ESS Builds on Residential Success with Expanded C&I Solutions at All Energy Australia 2026
1:16 PM - PR NewsWire
TIER IV and NTRO advance autonomous transit initiative in Australia
12:00 PM - PR NewsWire
Jacobi launches the Investment Management Harness, a governed path from AI prototype to production
9:20 AM - PR NewsWire
Green Street Expands Australian Coverage with Private Market Research and Data Across Five Markets and Three Sectors
8:00 AM - PR NewsWire
Voltage Energy Showcases Expanded EBOS Portfolio at All Energy Australia 2026, Advancing APAC Growth
Oct 28 2026 - PR NewsWire
Envision Energy Unveils AI-powered New Energy System for Mining and Smelting Industry at All Energy Australia
Oct 28 2026 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: High Conviction ASX Opportunities
In this week’s edition: Fundies Selling Resources, Opportunities In Small Caps, Noosa Conference Standouts & December Index Changes
5:33 PM
DAILY MARKET REPORTS
ASX Winners And Losers Of Today – 28-10-26
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Oct 28 2026
Australian Broker Call *Extra* Edition – Oct 28, 2026
Extra Edition of the Broker Call Report
Oct 28 2026
The Overnight Report: Oil, Anthropic, Q3 CPI
A global perspective on what happened overnight
Oct 28 2026
ASX Winners And Losers Of Today – 27-10-26
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Oct 27 2026
WEEKLY REPORTS
The Short Report – 29 Oct 2026
FNArena’s weekly update on short positions in the Australian share market
10:30 AM
Weekly Update On LICs & LITs – 26-Oct-2026
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Oct 27 2026
Uranium Week: U308 Joins Sell The AI Trade
As the world decided to abandon the popular AI trade, ASX-listed uranium stocks got dragged down too. Elevated short positions can potentially trigger a short-covering rally when momentum turns
Oct 27 2026
Australian Listed Real Estate Tables – 26-10-2026
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Oct 26 2026
Weekly Ratings, Targets, Forecast Changes – 23-10-26
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Oct 26 2026
Next Week At A Glance – 26-30 Oct 2026
A brief look at important company events and economic data releases next week
Oct 23 2026
In Case You Missed It – BC Extra Upgrades & Downgrades – 23-10-26
A summary of the highlights from Broker Call Extra updates throughout the week past
Oct 23 2026
Weekly Top Ten News Stories – 23 October 2026
Our top ten news stories from 15 October 2026 to 22 October 2026
Oct 23 2026
In Brief: Omni Bridgeway, Group 6 Metals & Metals X
In this week’s In Brief, brokers initiate coverage of a global legal finance manager and a Tasmanian tungsten producer, while Shaw upgrades a tin miner on the back of tight market fundamentals.
Oct 23 2026
THE MARKETS
Australia
29 October 2026 Updated : 18:11 AEDT
SPI Overnight
8900.00
+40.00
0.45%
NZ50
13710.170
+18.840
0.140%
All Ordinaries
9012.60
+41.20
0.46%
S&P ASX 200
8891.80
+44.50
0.50%
S&P ASX 300
8799.30
+42.90
0.49%
Communication Services
1575.60
+14.60
0.94%
Consumer Discretionary
3585.70
-72.60
-1.98%
Consumer Staples
13306.60
-239.80
-1.77%
Energy
10950.00
+146.60
1.36%
Financials
9809.70
+179.60
1.86%
Health Care
34489.60
+169.80
0.49%
Industrials
8133.00
+9.50
0.12%
Info Technology
1643.00
-18.40
-1.11%
Materials
22406.90
-145.90
-0.65%
Real Estate
3353.90
+60.70
1.84%
Utilities
10658.70
+80.90
0.76%
A-REITs
1565.40
+28.30
1.84%
All Technology Index
2840.30
-14.50
-0.51%
Banks
4142.40
+85.30
2.10%
Gold Index
17459.10
+33.00
0.19%
Metals & Mining
7668.70
-49.80
-0.65%
World
29 October 2026 Updated : 18:11 AEDT
CAD/USD
0.7146
+0.00
0.45%
EUR/JPY
175.86
+0.41
0.23%
EUR/USD
1.1140
+0.00
0.13%
GBP/USD
1.3316
+0.00
0.17%
USD/JPY
157.86
+0.15
0.09%
Aus Stocks
29 October 2026 Updated : 18:12 AEDT
Amcor (US)
45.66
-0.31
-0.67%
Newmont (US)
113.92
+1.26
1.12%
Rio Tinto (UK)
6393.00
-7.00
-0.11%
BHP Group (US)
82.22
-0.38
-0.46%
Rio Tinto (US)
85.93
+0.18
0.21%
ResMed (US)
250.17
-0.51
-0.20%
South32 (UK)
235.40
+4.00
1.73%
James Hardie (US)
26.06
-0.27
-1.03%
Janus Henderson (US)
51.95
-0.02
-0.04%
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CALENDAR
Thursday, 29 October 2026
NZ Oct ANZ business confidence AU 3Q Export price index EZ ECB President Lagarde press conference EZ ECB rate US 3Q GDP (advance) US Sep Core PCE US Sep PCE US Sep Personal spending US Weekly continuing jobless claims US Weekly initial jobless claims ASG ex-div 3.00c (100%) BHD ex-div 6.20c (100%) BWP AGM ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$24.39REA REA GROUP LIMITED 
$157.49RMD RESMED INC $35.38TNE TECHNOLOGY ONE LIMITED $32.18WOW WOOLWORTHS GROUP LIMITED $39.48WEEKLY PDF
Stories To Read From FNArena
WEEK 43
WEEK 42
WEEK 41
WEEK 40
WEEK 39
FNARENA TALKS
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FNARENA WINDOWS
Window on BUSINESS & CONSUMER CREDIT
Fraud Fallout: Analysts Back Zip
While Zip Co’s fraud losses and rising US bad debts rattled investors, accelerating growth and unchanged guidance keep analysts positive
1:35 PM
Window on DIVERSIFIED FINANCIALS
Cuscal’s Payments Moat & Premium Valuation
Cuscal’s unique position in Australia’s payments infrastructure market offers attractive earnings growth, supported by high barriers to entry, operating leverage and acquisitions
10:05 AM
Window on COAL
Divided Views Post Whitehaven’s Q1 Performance
Whitehaven Coal started FY27 on a strong footing, with higher coal prices adding to the upside, but pending production disruptions and seasonality suggest more challenges are ahead
Oct 28 2026
GEN AI
NextDC’s Collision With The Real World
The global AI infrastructure boom is colliding with real-world constraints, forcing NextDC to issue a shock profit warning last week
Oct 26 2026