FINANCIAL NEWS

The Overnight Report: China, Chips & Crude Oil

A global perspective on what happened overnight

8:52 AM


Today’s Financial Calendar – 16-10-2024

Significant Scheduled Events For 16 October, 2024

8:15 AM


ASX Winners And Losers Of Today – 15-10-24

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

Oct 15 2024


Research To Download: Amaero, Argent, Barton Gold, BirdDog Technology, Structural Monitoring Systems & More

Research reports on ASX-listed companies, to download in full

Oct 15 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


Macquarie rates AFG as Neutral

Australian Finance Group's 1Q total lodgements rose by 15.8% year-on-year, observes Macquarie.

Of $24.2bn in residential lodgements for the quarter, $1.7bn related to this ‘AFG Home Loan’ product which comprises the higher-margin AFG Securitisation and AFG White Label product, explains the analyst.

No changes to Macquarie's forecasts. The Neutral rating and $1.61 are maintained.

Citi rates BBN as Neutral, High Risk

Improving supplier terms resulted in better-than-expected 1Q gross margins for Baby Bunting, explains Citi, outweighing weaker-than-expected sales momentum.

The broker raises FY25 and FY26 profit forecasts by 6% and 2%, respectively. 

The analysts' FY25 profit forecast now lands towards the top end of the $9.5-12.5m guidance range.

Neutral/High Risk retained. Target is raised to $1.98 from $1.80.

Bell Potter rates HUB as Buy

"A tidal flow" is how Bell Potter describes Hub24's 1Q25 results with funds under administration growing 8.5%  to $91.6bn quarter-on-quarter with record underlying net inflows of $4bn.

Management offered upbeat guidance for platform funds target is $115bn-$123bn or an 18% compound growth rate of 18% at the midpoint for FY26.

Bell Potter lifts FY26 EPS by 4% due to an increase in flow of funds estimates.

The broker states a Buy rating is retained. Target price raised to $73 from $66.50 as the valuation ascribed is lifted, noting Hub24 continues to trade at a discount to Netwealth ((NWL)).

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

$30.86

14 Oct
2024

0.470

OPEN

$30.52

1.55%

HIGH

$30.86

5,151,767

LOW

$30.41

TARGET
$27.408 -11.2% 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 236.8 224.2 xxx
DPS (cps) xxx 175.0 164.8 xxx
EPS Growth xxx - 5.3% - 5.3% xxx
DPS Growth xxx 20.3% - 5.8% xxx
PE Ratio xxx N/A 13.9 xxx
Dividend Yield xxx N/A 5.3% xxx
Div Pay Ratio(%) xxx 73.9% 73.5% xxx

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DAILY FINANCIAL NEWS

Research To Download: Amaero, Argent, Barton Gold, BirdDog Technology, Structural Monitoring Systems & More

Research reports on ASX-listed companies, to download in full

Oct 15 2024 - FYI


Mexican food chain Guzman y Gomez initially confounded the critics when it took off to an astronomical valuation, but brokers have since come to appreciate what’s on offer

Oct 15 2024 - Small Caps


Michael Gable of Fairmont Equities sees an opportunity in Boss Energy shares

Oct 15 2024 - Technicals


If climate change is primarily a water scarcity crisis, as the UN thinks it is, then ASX-listed De.mem might find its ambitions are supported by the next global megatrend

Oct 14 2024 - ESG Focus


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

Oct 12 2024 - Australia


UBS has initiated coverage of Judo Capital with a Buy rating, echoing the assumptions of other brokers the bank’s growth prospects are more than solid. Not all agree, however

Oct 11 2024 - Small Caps


RUDI'S VIEWS

Rudi’s View: China Scepsis, Energy Preferences & The US Election

Updates on stock picker’s favourites and Model Portfolio adjustments

Oct 10 2024

DAILY MARKET REPORTS

The Overnight Report: China, Chips & Crude Oil

A global perspective on what happened overnight

8:52 AM


Today’s Financial Calendar – 16-10-2024

Significant Scheduled Events For 16 October, 2024

8:15 AM


ASX Winners And Losers Of Today – 15-10-24

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

Oct 15 2024


The Overnight Report: Record Number 46

A global perspective on what happened overnight

Oct 15 2024


Today’s Financial Calendar – 15-10-2024

Significant Scheduled Events For 15 October, 2024

Oct 15 2024


ASX Winners And Losers Of Today – 14-10-24

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

Oct 14 2024


Australian Broker Call *Extra* Edition – Oct 14, 2024

Extra Edition of the Broker Call Report

Oct 14 2024


WEEKLY REPORTS

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

Weekly Top Ten News Stories – 11 October 2024

Our top ten news stories from 03 October 2024 to 10 October 2024

Oct 11 2024


In Case You Missed It – BC Extra Upgrades & Downgrades – 11-10-24

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

Oct 11 2024

In Brief: SKS Tech, Pro Medicus, Domino’s & Co

Weekly Broker Wrap: SKS Technologies a small cap with a punch, Pro Medicus shines bright, OFX builds momentum, and Domino’s comes up trumps

Oct 11 2024

The Short Report – 10 Oct 2024

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

Oct 10 2024


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THE MARKETS

    Click item/line to change chart

  • Australia

    16 October 2024   Updated : 09:12   AEDT

    SPI Overnight

    8319.00

    -32.00

    -0.38%

    NZ50

    12774.840

    -65.930

    -0.510%

    All Ordinaries

    8598.60

    +69.10

    0.81%

    S&P ASX 200

    8318.40

    +65.60

    0.79%

    S&P ASX 300

    8260.60

    +65.60

    0.80%

    Communication Services

    1621.70

    +16.10

    1.00%

    Consumer Discretionary

    3801.70

    +15.90

    0.42%

    Consumer Staples

    12369.40

    -38.40

    -0.31%

    Energy

    9085.60

    -114.80

    -1.25%

    Financials

    8395.70

    +109.40

    1.32%

    Health Care

    46098.20

    +375.20

    0.82%

    Industrials

    7513.00

    +80.00

    1.08%

    Info Technology

    2736.90

    +28.10

    1.04%

    Materials

    17840.00

    +104.50

    0.59%

    Real Estate

    4050.00

    +33.30

    0.83%

    Utilities

    9008.10

    +6.30

    0.07%

    A-REITs

    1847.60

    +14.30

    0.78%

    All Technology Index

    3589.70

    +38.70

    1.09%

    Banks

    3508.20

    +53.90

    1.56%

    Gold Index

    9019.60

    +99.40

    1.11%

    Metals & Mining

    5831.90

    +38.00

    0.66%

    Click item/line to change chart

  • Australasia

    16 October 2024   Updated : 09:12   AEDT

    AUD/USD

    0.6695

    0.00

    -0.30%

    AUD/NZD

    1.1053

    +0.00

    0.25%

    NZD/USD

    0.6058

    0.00

    -0.53%

    AUD/JPY

    99.88

    -0.23

    -0.23%

    SGD/AUD

    1.14

    +0.00

    0.22%

    AUD/EUR

    0.6149

    0.00

    -0.08%

    AUD/GBP

    0.5124

    0.00

    -0.19%

    AUDCAD

    0.9228

    0.00

    -0.47%

  • World

    16 October 2024   Updated : 09:12   AEDT

    CAD/USD

    0.7256

    +0.00

    0.19%

    EUR/JPY

    162.45

    -0.24

    -0.15%

    EUR/USD

    1.0889

    0.00

    -0.21%

    GBP/USD

    1.3068

    0.00

    -0.07%

    USD/JPY

    149.17

    +0.08

    0.06%

    Click item/line to change chart

  • World

    16 October 2024   Updated : 09:12   AEDT

    FTSE100

    8249.28

    -43.38

    -0.52%

    DAX30

    19486.19

    -22.10

    -0.11%

    Hang Seng

    20318.79

    -774.08

    -3.67%

    Nikkei 225

    39910.55

    +304.75

    0.77%

    DJIA

    42740.42

    -324.80

    -0.75%

    S&P500

    5815.26

    -44.59

    -0.76%

    Nasdaq Comp

    18315.59

    -187.10

    -1.01%

    S&P500 VIX

    20.64

    +0.94

    4.77%

    US 10-year yield

    4.038

    -0.060

    -1.460%

    USD Index

    103.01

    +0.03

    0.03%

  • Aus Stocks

    16 October 2024   Updated : 09:12   AEDT

    Amcor (US)

    11.37

    +0.03

    0.26%

    Newmont (US)

    55.68

    +0.86

    1.57%

    Rio Tinto (UK)

    5066.00

    -68.00

    -1.32%

    BHP Group (US)

    58.16

    -1.27

    -2.14%

    Rio Tinto (US)

    66.47

    -1.23

    -1.82%

    ResMed (US)

    239.18

    -1.53

    -0.64%

    South32 (UK)

    189.68

    -3.52

    -1.82%

    James Hardie (US)

    37.04

    +0.24

    0.65%

    Janus Henderson (US)

    39.96

    +0.01

    0.03%

    Click item/line to change chart

  • Metals & Minerals

    16 October 2024   Updated : 08:10   AEDT

    Gold (oz)

    2679.30

    +14.20

    0.53%

    Silver (oz)

    31.69

    +0.29

    0.92%

    Copper (lb)

    4.3427

    -0.06

    -1.41%

    Aluminium (lb)

    1.1580

    -0.01

    -0.96%

    Nickel (lb)

    7.8564

    -0.10

    -1.26%

    Zinc (lb)

    1.3731

    -0.02

    -1.39%

    Copper (t)

    9649.48

    -133.54

    -1.37%

    Aluminium (t)

    2573.00

    -25.00

    -0.96%

    Nickel (t)

    17457.00

    -211.50

    -1.20%

    Zinc (t)

    3036.50

    -57.50

    -1.86%

    Uranium (lb) weekly

    83.00

    +0.50

    0.61%

    Iron Ore (t)

    106.63

    -0.48

    -0.45%

  • Energy

    16 October 2024   Updated : 08:09   AEDT

    West Texas Crude

    71.02

    -0.92

    -1.28%

    Brent Crude

    74.81

    -0.30

    -0.40%

CALENDAR

Wednesday, 16 October 2024
NZ 3Q CPI
JP Aug machine orders
UK Sept CPI & PPI
BAP AGM
BOQ earnings report
CBA AGM
CGF Q1 report
CUV AGM
EVN Qtrly report
ORA AGM
ORG AGM
RDX AGM
RIO Qtrly update

ALL WEATHER STOCKS

Code Company Price
CAR CAR GROUP LIMITED

$37.81

CSL CSL LIMITED

$301.20

REA REA GROUP LIMITED

$224.16

TNE TECHNOLOGY ONE LIMITED

$24.65

WOW WOOLWORTHS GROUP LIMITED

$32.95

WEEKLY PDF

Stories To Read From FNArena


WEEK 41

WEEK 40

WEEK 39

WEEK 38

WEEK 37

FNARENA TALKS

FNARENA WINDOWS

Window on WEALTH MANAGEMENT & INVESTMENTS

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


Window on FOOD, BEVERAGES & TOBACCO

Guzman y Gomez Defying Consumer Squeeze

Mexican food chain Guzman y Gomez initially confounded the critics when it took off to an astronomical valuation, but brokers have since come to appreciate what’s on offer

Oct 15 2024


Window on URANIUM

Boss Energy Shares Poised

Michael Gable of Fairmont Equities sees an opportunity in Boss Energy shares

Oct 15 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