FINANCIAL NEWS
Australian Broker Call *Extra* Edition – Dec 10, 2025
Extra Edition of the Broker Call Report
11:36 AM
Will AI Make Us Lazy Investors?
The temptation to outsource investment decisions is real, but is it the right thing to do? Author and media commentator Tracy Sheen shares her thoughts
10:50 AM
Technical Views On Nasdaq, ASX200 & Oil
Tony Sycamore, Market Analyst, IG shares his technical views on the Nasdaq, ASX200, gold and crude oil
10:30 AM
Opportunities In Solar Panel Recycling Push
End-of-life management of solar panels has become a problem in need of a solution. At present, Australia has limited processing capabilities for solar panel waste. Companies are positioning to seize opportunities in the emerging industry
10:02 AM
The Overnight Report: RBA Feb Rate Hike ‘Live’
A global perspective on what happened overnight
8:56 AM
Bell Potter rates IMM as Speculative Buy
Immutep has licensed the development and commercialisation of Efti to Dr Reddy’s Laboratories for Emerging Markets (countries excluding NA/EU/Japan/China).
It will earn US$20m upfront, up to US$350m in milestones, and double-digit royalties, while keeping manufacturing and key Phase 3 lung-cancer responsibilities plus rights in major markets, Bell Potter observes.
The broker sees the deal as strong validation and providing non-dilutive funding, while preserving the high-value US/EU/Japan rights for future partnerships and potentially prompting more interest (e.g., Merck).
Target rises to 60c from 46c as forecasts are updated to reflect contributions from this deal in FY26-27. Speculative Buy retained.
Macquarie rates LOT as Outperform
Lotus Resources is experiencing sulfuric acid shortages from its Zambian supplier which has tempered throughput for Kayelekera in the December quarter. Macquarie notes management has secured additional supply from South Africa (10-day drive) which should help.
The analyst has deferred the initial export to the June quarter next year due to the acid issues and the time to achieve product accreditation.
Due to lower production from Kayelekera, the push back in first sale, the broker lowers FY26 EPS estimate by -1.6c per share with less downgrades to FY27/FY28.
No change to Outperform rating and 28c target price.
Shaw and Partners rates MMI as Buy
Metro Mining posted a November shipping record of 783k wmt of bauxite, taking year-to-date shipments to 5.6m wmt and keeping it on track to meet 6.2-6.6m wmt guidance, Shaw and Partners highlights.
The broker notes the company also set a vessel-loading record, filling 178kt onto the Zhi NV Star in 5.6 days.
Despite strong FY25 records, Metro missed early-year volume expectations, so the broker conservatively downgraded its FY26 forecast to 6.8Mt and FY27 to 7.0Mt, from 7.5Mt each.
The broker also trimmed its price forecast for bauxite, resulting in a -14% cut to FY25 EBITDA forecast and a -32% downgrade to FY26.
Buy retained. Target cut to 15c from 17c, but the broker still calls the company its top pick.
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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 |
|---|---|---|---|
$35.16 09 Dec |
OPEN $35.28 |
HIGH $35.29 | 3,065,699 LOW $34.85 |
0.090| TARGET | |||
| $33.515-4.7% downside | |||
| Franking for last dividend paid out: 70% |
| Title | FY24 Actual | FY25 Actual | FY26 Forecast | FY27 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | 198.2 | 245.2 | xxx |
| DPS (cps) | xxx | 166.0 | 167.4 | xxx |
| EPS Growth | xxx | - 9.1% | 23.7% | xxx |
| DPS Growth | xxx | 0.0% | 0.8% | xxx |
| PE Ratio | xxx | N/A | 14.3 | xxx |
| Dividend Yield | xxx | N/A | 4.8% | xxx |
| Div Pay Ratio(%) | xxx | 83.8% | 68.3% | xxx |
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DAILY FINANCIAL NEWS
Will AI Make Us Lazy Investors?
The temptation to outsource investment decisions is real, but is it the right thing to do? Author and media commentator Tracy Sheen shares her thoughts
10:50 AM - Book Reviews
Tony Sycamore, Market Analyst, IG shares his technical views on the Nasdaq, ASX200, gold and crude oil
10:30 AM - Technicals
End-of-life management of solar panels has become a problem in need of a solution. At present, Australia has limited processing capabilities for solar panel waste. Companies are positioning to seize opportunities in the emerging industry
10:02 AM - ESG Focus
While a stripped-down Premier Investments’ flagship brand Peter Alexander continues to perform well, Smiggle remains a problem child
Dec 09 2025 - Small Caps
Fairmont Equities’ Michael Gable notes Capstone Copper shares consolidated in October, moving back towards the uptrend line and breaking out of consolidation
Dec 09 2025 - Technicals
The internal dynamics for China are changing and investors should pay attention, T Rowe Price suggests
Dec 09 2025 - International
PR NEWSWIRE
First Grid-Forming BESS to Support South Australia’s Clean Energy Transition
Dec 09 2025 - PR NewsWire
RIDDLE 3 PTY LTD (AND OTHERS) ANNOUNCES OFFERING OF AUD 15,608,966 MEZZANINE SECURED LOAN NOTE OFFER
Dec 09 2025 - PR NewsWire
ARKANCE APPOINT NEW ANZ MANAGING DIRECTOR AS THEY EXPAND TECH STACK & SERVICES OFFERINGS TO MARKET
Dec 09 2025 - PR NewsWire
From a Simple Idea to a Global Standard: EV Blocks Founder Wins Global Entrepreneur of the Year 2025
Dec 09 2025 - PR NewsWire
Locksley Announces Oversubscribed A$17 Million Placement Lead by U.S. Investors Funding to Accelerate Execution of Locksley’s U.S. Mine to Market Strategy
Dec 09 2025 - PR NewsWire
Servier’s Voranigo® (vorasidenib) Receives Prix Galien Awards Across Multiple Regions
Dec 08 2025 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: Momentum Favours Resources
Mining stocks are back in investors’ favour in Australia and fresh strategy updates show exactly that
Dec 04 2025
DAILY MARKET REPORTS
Australian Broker Call *Extra* Edition – Dec 10, 2025
Extra Edition of the Broker Call Report
11:36 AM
The Overnight Report: RBA Feb Rate Hike ‘Live’
A global perspective on what happened overnight
8:56 AM
ASX Winners And Losers Of Today – 09-12-25
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Dec 09 2025
Today’s Financial Calendar – 09-12-2025
Significant Scheduled Events For 09 December, 2025
Dec 09 2025
ASX Winners And Losers Of Today – 08-12-25
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Dec 08 2025
WEEKLY REPORTS
Weekly Update On LICs & LITs – 09-Dec-2025
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Dec 09 2025
Uranium Week: AI And Nuclear Converge
U308 markets remain becalmed into year end, while the nuclear and AI industries make a move to develop frameworks for collaboration
Dec 09 2025
Australian Listed Real Estate Tables – 08-12-2025
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Dec 08 2025
Weekly Ratings, Targets, Forecast Changes – 05-12-25
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Dec 08 2025
Next Week At A Glance – 8-12 Dec 2025
A brief look at important company events and economic data releases next week
Dec 05 2025
Weekly Top Ten News Stories – 5 December 2025
Our top ten news stories from 27 November 2025 to 04 December 2025
Dec 05 2025
In Case You Missed It – BC Extra Upgrades & Downgrades – 05-12-25
A summary of the highlights from Broker Call Extra updates throughout the week past
Dec 05 2025
In Brief: Energy One, New Murchison, America West Metals
Three small/micro cap companies capturing secular trends across the energy transition markets, the demand for gold, copper and critical minerals
Dec 05 2025
The Short Report – 04 Dec 2025
FNArena’s weekly update on short positions in the Australian share market
Dec 04 2025
THE MARKETS
Australia
10 December 2025 Updated : 15:12 AEDT
SPI Overnight
8614.00
+24.00
0.28%
NZ50
13373.620
-81.160
-0.600%
All Ordinaries
8866.80
-9.00
-0.10%
S&P ASX 200
8580.40
-5.50
-0.06%
S&P ASX 300
8535.20
-5.60
-0.07%
Communication Services
1762.10
-10.70
-0.60%
Consumer Discretionary
3991.30
-8.00
-0.20%
Consumer Staples
11736.90
+17.70
0.15%
Energy
8618.10
-60.60
-0.70%
Financials
8989.30
-49.60
-0.55%
Health Care
35141.80
-133.90
-0.38%
Industrials
8327.00
-70.10
-0.83%
Info Technology
2255.20
-37.40
-1.63%
Materials
20518.00
+288.60
1.43%
Real Estate
3865.90
-4.40
-0.11%
Utilities
9722.20
-2.40
-0.02%
A-REITs
1777.50
-1.70
-0.10%
All Technology Index
3469.20
-55.90
-1.59%
Banks
3906.10
-20.70
-0.53%
Gold Index
17418.60
+620.30
3.69%
Metals & Mining
7046.40
+117.00
1.69%
World
10 December 2025 Updated : 15:12 AEDT
CAD/USD
0.7218
0.00
-0.03%
EUR/JPY
182.08
+0.13
0.07%
EUR/USD
1.1625
0.00
-0.16%
GBP/USD
1.3304
0.00
-0.33%
USD/JPY
156.62
+0.38
0.24%
Aus Stocks
10 December 2025 Updated : 15:12 AEDT
Amcor (US)
8.11
-0.14
-1.70%
Newmont (US)
94.09
+5.09
5.72%
Rio Tinto (UK)
5522.50
+46.50
0.85%
BHP Group (US)
59.01
+0.67
1.15%
Rio Tinto (US)
74.40
+1.38
1.89%
ResMed (US)
246.52
-3.52
-1.41%
South32 (UK)
168.80
+0.60
0.36%
James Hardie (US)
19.07
-0.41
-2.10%
Janus Henderson (US)
44.70
+0.10
0.22%
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CALENDAR
Wednesday, 10 December 2025
CH Nov CPI, PPI US 3Q Employment Cost US Fed FOMC Decision Thursday, 11 December 2025
US Sept Trade Balance US Sept Wholesale Trade US Weekly Jobless Claims IMM Data Presentation at Symposium MYR AGM PMV ex-div 50c (100%) SVR ex-div 2.5c (100%) TGM AGM WBC AGM ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$31.79REA REA GROUP LIMITED $188.96RMD RESMED INC 
$39.19TNE TECHNOLOGY ONE LIMITED $27.85WOW WOOLWORTHS GROUP LIMITED $29.56WEEKLY PDF
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WEEK 49
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FNARENA TALKS
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FNARENA WINDOWS
Window on APPAREL & FOOTWEAR
‘Rudderless’ Smiggle Dogs Premier Investments
While a stripped-down Premier Investments’ flagship brand Peter Alexander continues to perform well, Smiggle remains a problem child
Dec 09 2025
Window on WEALTH MANAGEMENT & INVESTMENTS
Weekly Update On LICs & LITs – 09-Dec-2025
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Dec 09 2025
Window on COPPER
Break-Out For Capstone Copper Shares
Fairmont Equities’ Michael Gable notes Capstone Copper shares consolidated in October, moving back towards the uptrend line and breaking out of consolidation
Dec 09 2025
GEN AI
Will AI Make Us Lazy Investors?
The temptation to outsource investment decisions is real, but is it the right thing to do? Author and media commentator Tracy Sheen shares her thoughts
10:50 AM