FINANCIAL NEWS
Material Matters: Copper, Aluminium & Lithium
A glance through the latest expert views and predictions about commodities: While victory by Donald Trump in the US elections presents short-term headwinds for base metals, brokers remain upbeat on materials leveraged to the energy transition
10:26 AM
ASX Winners And Losers Of Today – 06-11-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Nov 06 2024
Australian Broker Call *Extra* Edition – Nov 06, 2024
Extra Edition of the Broker Call Report
Nov 06 2024
Shaw and Partners rates BTR as Initiation of coverage with Buy, High Risk
Shaw and Partners initiates coverage of Brightstar Resources with a Buy, High Risk rating. The company is currently developing its portfolio of Western Australian gold assets across the Menzies, Laverton, and Sandstone production hubs.
The Sandstone hub will include the recently acquired Montague East Gold Project and Alto Metals' project, soon to be acquired via a scheme of arrangement.
These two projects are located 70 km apart in the East Murchison region of Western Australia.
A target price of 4c is set.
Citi rates EDV as Neutral
When Endeavour Group unveils its 1Q results next Monday, Citi sees a risk of disappointing sales for the Retail business, as several data points suggest a slowdown in liquor sales in recent months.
On the other hand, the broker points out that Endeavour’s retail banners (particularly Dan Murphy’s) could be gaining market share in the current environment as consumers seek value.
Additionally, Hotels could be performing well in gaming, according to the analyst, albeit less so in the Food and Beverage (F&B) segment.
Neutral rating remains unchanged. Target price $5.18.
Macquarie rates MGH as Outperform
Macquarie observes that project delays are impacting Maas Group's FY25 guidance.
The company expects FY25 earnings between $215m-$245m, with a greater-than-expected 2H earnings weighting due to renewable project delays in the civil construction and hire segment, which have shifted revenue to later periods.
Macquarie notes that the capital recycling program is progressing ahead of forecasts, anticipated to deliver over $100m in proceeds, enhancing the group’s return on capital.
The broker forecasts a 39%/61% underlying EBITDA split for 1H25 versus 2H25, which is in line with the company’s typical performance skew.
The Outperform rating is retained, and the target price rises to $5.06 from $4.95 due to a change in the valuation ascribed to the stock.
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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 |
|---|---|---|---|
|
$31.10 05 Nov |
OPEN $31.25 |
HIGH $31.28 |
2,665,722 LOW $30.92 |
-0.160| TARGET | |||
| $27.438 -11.8% downside | |||
| Franking for last dividend paid out: 65% |
| Title | FY22 Actual |
FY23 Actual |
FY24 Forecast |
FY25 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | 236.8 | 222.8 | xxx |
| DPS (cps) | xxx | 175.0 | 164.8 | xxx |
| EPS Growth | xxx | - 5.3% | - 5.9% | xxx |
| DPS Growth | xxx | 20.3% | - 5.8% | xxx |
| PE Ratio | xxx | N/A | 14.0 | xxx |
| Dividend Yield | xxx | N/A | 5.3% | xxx |
| Div Pay Ratio(%) | xxx | 73.9% | 74.0% | xxx |
DAILY FINANCIAL NEWS
Material Matters: Copper, Aluminium & Lithium
A glance through the latest expert views and predictions about commodities: While victory by Donald Trump in the US elections presents short-term headwinds for base metals, brokers remain upbeat on materials leveraged to the energy transition
10:26 AM - Commodities
Woolworths saw sales improvement but an earnings miss in the September quarter due to margin pressure from strapped consumers. Brokers also remain concerned about the company’s costly investments
Nov 06 2024 - Australia
Tony Sycamore, Market Analyst, IG shares his technical views on the Nasdaq, ASX200 and WTI crude oil
Nov 06 2024 - Technicals
Interview: Nilesh Jasani, founder of the Geninnov Fund chatted with FNArena from Singapore about generative artificial intelligence, change and investing in innovation
Nov 06 2024 - International
Declines across utilities, staples and materials outweighed gains for financials, healthcare and communication services in October, resulting in a -1.3% loss for the ASX200
Nov 05 2024 - Australia
Michael Gable of Fairmont Equities sees a positive pattern emerging for Fortescue shares
Nov 05 2024 - Technicals
PR NEWSWIRE
Anthosa Consulting Expands Partner Ecosystem to Drive Digital Transformation and AI Adoption with Leading Technology Providers
5:00 AM - PR NewsWire
Australians willing to pay more for peace of mind
Nov 06 2024 - PR NewsWire
MedAdvisor Solutions Launches Telehealth Service on MedAdvisor Patient App, Further Enhancing Access to Care
Nov 06 2024 - PR NewsWire
Xypex Chemical Corporation Expands Global Operations Acquires Xypex Australia and National Concrete Solutions
Nov 06 2024 - PR NewsWire
Eventus wins two best-in-class awards for Validus trade surveillance solution in Regulation Asia Awards for Excellence 2024
Nov 05 2024 - PR NewsWire
FP Markets Secures Three Major Honours at the Inaugural Finance Magnates Annual Award Gala
Nov 04 2024 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: Mate, Where Have The Profits Gone?
In this week’s Weekly Insights: -Mate, Where Have The Profits Gone?-All-Weather Model Portfolio By Rudi Filapek-Vandyck, Editor Mate, Where Have The…
Nov 06 2024
DAILY MARKET REPORTS
ASX Winners And Losers Of Today – 06-11-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Nov 06 2024
Australian Broker Call *Extra* Edition – Nov 06, 2024
Extra Edition of the Broker Call Report
Nov 06 2024
The Overnight Report: Fed Rate Cut Trumps
A global perspective on what happened overnight
Nov 06 2024
Today’s Financial Calendar – 06-11-2024
Significant Scheduled Events For 06 November, 2024
Nov 06 2024
ASX Winners And Losers Of Today – 05-11-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Nov 05 2024
WEEKLY REPORTS
Uranium Week: Spot Price Fades Into Month’s End
If the month of October started with a ‘bang’ for the U308 spot price market, then the final week ended with more of a ‘whimper’
Nov 05 2024
Weekly Update On LICs & LITs – 05-Nov-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Nov 05 2024
Australian Listed Real Estate Tables – 04-11-2024
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Nov 04 2024
Weekly Ratings, Targets, Forecast Changes – 01-11-24
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Nov 04 2024
Next Week At A Glance – 4-8 Nov 2024
A brief look at important company events and economic data releases next week
Nov 01 2024
In Case You Missed It – BC Extra Upgrades & Downgrades – 01-11-24
A summary of the highlights from Broker Call Extra updates throughout the week past
Nov 01 2024
Weekly Top Ten News Stories – 1 November 2024
Our top ten news stories from 24 October 2024 to 31 October 2024
Nov 01 2024
In Brief: Newmont, Xero, Temple & Webster And Kelsian
Weekly Broker Wrap: Dipping into the hits and misses this quarterly/AGM season with four diverse companies
Nov 01 2024
The Short Report – 31 Oct 2024
FNArena’s weekly update on short positions in the Australian share market
Oct 31 2024
THE MARKETS
-
Australia
07 November 2024 Updated : 10:12 AEDT
SPI Overnight
8226.00
+18.00
0.22%
NZ50
12642.890
-6.280
-0.050%
All Ordinaries
8480.30
+24.30
0.29%
S&P ASX 200
8221.10
+21.60
0.26%
S&P ASX 300
8158.90
+20.90
0.26%
Communication Services
1639.50
+6.60
0.40%
Consumer Discretionary
3742.90
+8.70
0.23%
Consumer Staples
11534.90
+0.60
0.01%
Energy
8562.60
+18.30
0.21%
Financials
8618.30
+53.80
0.63%
Health Care
44781.70
+115.10
0.26%
Industrials
7441.80
+47.10
0.64%
Info Technology
2683.60
+14.40
0.54%
Materials
17234.40
-53.10
-0.31%
Real Estate
3896.50
-7.40
-0.19%
Utilities
8424.90
+7.60
0.09%
A-REITs
1778.00
-2.90
-0.16%
All Technology Index
3647.60
+37.90
1.05%
Banks
3617.30
+3.60
0.10%
Gold Index
8837.30
-442.80
-4.77%
Metals & Mining
5655.20
-23.00
-0.41%
-
World
07 November 2024 Updated : 10:12 AEDT
CAD/USD
0.7174
0.00
-0.29%
EUR/JPY
165.82
+0.11
0.07%
EUR/USD
1.0734
0.00
-0.28%
GBP/USD
1.2880
0.00
-0.23%
USD/JPY
154.38
+0.40
0.26%
-
Aus Stocks
07 November 2024 Updated : 10:12 AEDT
Amcor (US)
10.20
-0.06
-0.58%
Newmont (US)
44.48
-1.52
-3.30%
Rio Tinto (UK)
5096.34
+71.34
1.42%
BHP Group (US)
55.94
-0.74
-1.31%
Rio Tinto (US)
65.33
-0.17
-0.26%
ResMed (US)
245.63
-0.11
-0.04%
South32 (UK)
189.00
-1.00
-0.53%
James Hardie (US)
32.30
-0.04
-0.12%
Janus Henderson (US)
44.58
+2.39
5.66%
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CALENDAR
Thursday, 7 November 2024
AU Sept Trade Bal CH Oct Trade Bal EZ Sept Reilal sales UK Bank Of England rate decision US FOMC rate AMC AGM BEN AGM COE AGM NAB earnings report NEC AGM NHF AGM SWM AGM XRO earnings report ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$39.07 CSL CSL LIMITED
$285.73 REA REA GROUP LIMITED
$235.44 TNE TECHNOLOGY ONE LIMITED
$25.37 WOW WOOLWORTHS GROUP LIMITED
$29.68 WEEKLY PDF
Stories To Read From FNArena
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WEEK 40
FNARENA TALKS
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FNARENA WINDOWS
Window on MINING
Material Matters: Copper, Aluminium & Lithium
A glance through the latest expert views and predictions about commodities: While victory by Donald Trump in the US elections presents short-term headwinds for base metals, brokers remain upbeat on materials leveraged to the energy transition
10:26 AM
Window on FOOD, BEVERAGES & TOBACCO
No Quick Fix For Woolworths Margins
Woolworths saw sales improvement but an earnings miss in the September quarter due to margin pressure from strapped consumers. Brokers also remain concerned about the company’s costly investments
Nov 06 2024
Window on TECHNOLOGY
Investing In The Era Of Hyper Change
Interview: Nilesh Jasani, founder of the Geninnov Fund chatted with FNArena from Singapore about generative artificial intelligence, change and investing in innovation
Nov 06 2024
GEN AI
Investing In The Era Of Hyper Change
Interview: Nilesh Jasani, founder of the Geninnov Fund chatted with FNArena from Singapore about generative artificial intelligence, change and investing in innovation
Nov 06 2024