FINANCIAL NEWS
Next Week At A Glance – 23-27 Sep 2024
A brief look at important company events and economic data releases next week
12:22 PM
Material Matters: Major Miners Upgraded
A glance through the latest expert views and predictions about commodities: updated forecasts result in ratings changes for resources stocks and analysts review favoured exposures
11:15 AM
Weekly Top Ten News Stories – 20 Sep 2024
Our top ten news stories from 12 September 2024 to 19 September 2024
11:00 AM
In Case You Missed It – BC Extra Upgrades & Downgrades – 20-09-24
A summary of the highlights from Broker Call Extra updates throughout the week past
10:30 AM
In Brief: Lithium, Webjet Split, Retailers In Focus
Weekly Broker Wrap: Lithium prices to remain under the pump as global supply growth continues; Webjet’s break up won’t have shareholders crying, and retailers in focus for an improving sales trend and digital momentum
10:00 AM
Bell Potter rates COL as Initiation of coverage with Buy
Bell Potter initiates coverage of Coles Group with a Buy rating and a $21.55 target price.
The broker highlights the group has reported compound growth in dividends of 4.2% p.a. since FY20 and envisages growth levers out to FY27.
Management is targeting around $1bn in operational improvements via Simplify & Save. Some $238m in savings were achieved in FY24.
eCommerce sales advanced to 9.5% in 4Q24 from 5.8% in 1Q21 with ongoing investment in two customer fulfillment centres for the Sydney and Melbourne markets.
Population growth, ongoing market share gains with digital marketing and automated distribution centres are expected growth drivers, the analyst explains.
Buy rated. Target $21.55.
UBS rates WBC as Neutral
After lowering credit loss forecasts for all but ANZ Bank ((ANZ)) among the big four major Australian banks, the UBS price targets rise for both National Australia Bank and Westpac, while the ratings for all four are unchanged.
So far in 2024, lower than expected credit charges have driven around 4% earnings upgrades for the banks with circa 85% of the share price performance supported by multiple expansion, explains the broker.
The target for Westpac rises to $33 from $30. Neutral.
Morgan Stanley rates WEB as Equal-weight
Ahead of approval for Webjet's de-merger of B2C, Morgan Stanley sees scope for a B2B re-rating. It's felt both businesses will be cleaner standing alone, with greater management focus and accountability.
The broker's proforma discounted cash flow (DCF) valuations for the B2C and B2B businesses are 65c and $7.00, respectively. The $7.65 falls short of the current $8.15 target for Webjet largely due to increased corporate costs. explain the analysts.
Morgan Stanley's bull case for B2B has geographic expansion and market consolidation driving scale, a higher total transaction value (TTV) and an improved take rate.
The Equal-weight rating is maintained. Industry View: In-line.
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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 |
|---|---|---|---|
|
$31.50 19 Sep |
OPEN $31.54 |
HIGH $31.68 |
7,484,240 LOW $31.34 |
0.350| TARGET | |||
| $27.372 -13.1% downside | |||
| Franking for last dividend paid out: 65% |
| Title | FY22 Actual |
FY23 Actual |
FY24 Forecast |
FY25 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | 236.8 | 224.0 | xxx |
| DPS (cps) | xxx | 175.0 | 164.8 | xxx |
| EPS Growth | xxx | - 5.3% | - 5.4% | xxx |
| DPS Growth | xxx | 20.3% | - 5.8% | xxx |
| PE Ratio | xxx | N/A | 14.2 | xxx |
| Dividend Yield | xxx | N/A | 5.2% | xxx |
| Div Pay Ratio(%) | xxx | 73.9% | 73.6% | xxx |
DAILY FINANCIAL NEWS
Material Matters: Major Miners Upgraded
A glance through the latest expert views and predictions about commodities: updated forecasts result in ratings changes for resources stocks and analysts review favoured exposures
11:15 AM - Commodities
Book excerpt from: How Not to Lose $1 million by John Addis, Co-Founder of Intelligent Investor
Sep 19 2024 - Book Reviews
Fighting weak lithium and iron ore prices, Mineral Resources’ share price has tanked, but news on an infrastructure sell-down and large gas reserve estimates go some way to righting the ship
Sep 19 2024 - Commodities
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s idea is Regis Healthcare
Sep 18 2024 - Treasure Chest
Informed by data analysis, Brambles sets new medium-term targets with an eye to material volume growth potential over the longer-term
Sep 18 2024 - Australia
Tony Sycamore, Market Analyst, IG shares his technical views on the Nasdaq, the ASX200 and Gold
Sep 18 2024 - Technicals
PR NEWSWIRE
Arcadium Lithium’s 2024 Investor Day Highlights Company’s Strategic Vision and Pathway to Significant Growth
7:00 AM - PR NewsWire
Lacuna Space: Open for Business In Australia
Sep 19 2024 - PR NewsWire
MNML Takes Sleep and Sustainability to the Next Level with New Chamomile Sleep + Calm Laundry Capsules
Sep 19 2024 - PR NewsWire
mecwacare selects Cognizant as strategic delivery partner to launch revolutionary digital transformation program
Sep 19 2024 - PR NewsWire
Apt.Residential Selects Yardi’s Technology to Support BTR Projects
Sep 19 2024 - PR NewsWire
French orbital rockets to launch from Arnhem Space Centre Australia in 2026
Sep 19 2024 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: Defensives, Healthcare, Resources & Data Centres
Post August results analyses continue to trigger changes to sector favourites and Conviction Buy selections by market strategists and analysts
Sep 19 2024
DAILY MARKET REPORTS
ASX Winners And Losers Of Today – 19-09-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Sep 19 2024
Australian Broker Call *Extra* Edition – Sep 19, 2024
Extra Edition of the Broker Call Report
Sep 19 2024
Today’s Financial Calendar – 19-09-2024
Significant Scheduled Events For 19 September, 2024
Sep 19 2024
ASX Winners And Losers Of Today – 18-09-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Sep 18 2024
WEEKLY REPORTS
Next Week At A Glance – 23-27 Sep 2024
A brief look at important company events and economic data releases next week
12:22 PM
Weekly Top Ten News Stories – 20 Sep 2024
Our top ten news stories from 12 September 2024 to 19 September 2024
11:00 AM
In Case You Missed It – BC Extra Upgrades & Downgrades – 20-09-24
A summary of the highlights from Broker Call Extra updates throughout the week past
10:30 AM
In Brief: Lithium, Webjet Split, Retailers In Focus
Weekly Broker Wrap: Lithium prices to remain under the pump as global supply growth continues; Webjet’s break up won’t have shareholders crying, and retailers in focus for an improving sales trend and digital momentum
10:00 AM
The Short Report – 19 Sep 2024
FNArena’s weekly update on short positions in the Australian share market
Sep 19 2024
Weekly Update On LICs & LITs – 17-Sep-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Sep 17 2024
Uranium Week: U308 Supply In The Spotlight
The brave new world continues to reveal the heightened risk of geopolitics when it comes to global commodity supplies. This week uranium was in focus as Russia suggests a retaliation against Western sanctions and Kazatomprom hits a transportation cost hurdle
Sep 17 2024
Australian Listed Real Estate Tables – 16-09-2024
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Sep 16 2024
Weekly Ratings, Targets, Forecast Changes – 13-09-24
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Sep 16 2024
THE MARKETS
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Australia
20 September 2024 Updated : 12:12 AEDT
SPI Overnight
8210.00
+73.00
0.90%
NZ50
12582.820
-82.180
-0.650%
All Ordinaries
8460.20
+43.20
0.51%
S&P ASX 200
8229.60
+37.70
0.46%
S&P ASX 300
8160.50
+37.40
0.46%
Communication Services
1615.90
+9.20
0.57%
Consumer Discretionary
3843.60
+32.50
0.85%
Consumer Staples
12811.50
+29.20
0.23%
Energy
8843.50
+77.20
0.88%
Financials
8562.30
+23.80
0.28%
Health Care
44764.60
+135.80
0.30%
Industrials
7439.40
+10.30
0.14%
Info Technology
2675.00
+37.30
1.41%
Materials
16525.60
+92.20
0.56%
Real Estate
4124.70
+23.20
0.57%
Utilities
8944.00
+45.90
0.52%
A-REITs
1883.60
+10.90
0.58%
All Technology Index
3424.90
+43.20
1.28%
Banks
3639.50
+11.40
0.31%
Gold Index
8704.10
+82.20
0.95%
Metals & Mining
5345.30
+25.10
0.47%
-
World
20 September 2024 Updated : 12:12 AEDT
CAD/USD
0.7372
0.00
-0.19%
EUR/JPY
159.02
-0.79
-0.50%
EUR/USD
1.1159
0.00
-0.13%
GBP/USD
1.3281
+0.00
0.05%
USD/JPY
142.51
-0.43
-0.30%
-
Aus Stocks
20 September 2024 Updated : 12:12 AEDT
Amcor (US)
11.11
+0.10
0.91%
Newmont (US)
53.52
+0.46
0.87%
Rio Tinto (UK)
4902.00
+136.50
2.86%
BHP Group (US)
55.19
+2.14
4.03%
Rio Tinto (US)
65.18
+2.27
3.61%
ResMed (US)
242.98
+4.95
2.08%
South32 (UK)
164.10
+2.60
1.61%
James Hardie (US)
38.71
+2.52
6.96%
Janus Henderson (US)
38.11
+0.40
1.06%
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CALENDAR
Friday, 20 September 2024
JP Aug CPI JP BoJ rate policy UK Aug retail sales CAJ ex-div 0.4c (100%) ING ex-div 8c (100%) VLS ex-div 3.50c (100%) Monday, 23 September 2024
NZ Aug trade balance JP Public Holiday XX Global PMIs STX earnings report Tuesday, 24 September 2024
AU RBA cash rate ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$37.89 CSL CSL LIMITED
$294.61 REA REA GROUP LIMITED
$200.11 TNE TECHNOLOGY ONE LIMITED
$23.90 WOW WOOLWORTHS GROUP LIMITED 
$35.15 WEEKLY PDF
Stories To Read From FNArena
WEEK 38
WEEK 37
WEEK 36
WEEK 35
WEEK 34
FNARENA TALKS
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FNARENA WINDOWS
Window on COMMODITIES
Material Matters: Major Miners Upgraded
A glance through the latest expert views and predictions about commodities: updated forecasts result in ratings changes for resources stocks and analysts review favoured exposures
11:15 AM
Window on MINING
In Brief: Lithium, Webjet Split, Retailers In Focus
Weekly Broker Wrap: Lithium prices to remain under the pump as global supply growth continues; Webjet’s break up won’t have shareholders crying, and retailers in focus for an improving sales trend and digital momentum
10:00 AM
Window on IRON ORE
The Downs And Ups Of Mineral Resources
Fighting weak lithium and iron ore prices, Mineral Resources’ share price has tanked, but news on an infrastructure sell-down and large gas reserve estimates go some way to righting the ship
Sep 19 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