FINANCIAL NEWS

The Overnight Report: Can’t Get More Bullish

A global perspective on what happened overnight

8:48 AM


Today’s Financial Calendar – 05-08-2026

Significant Scheduled Events For 05 August, 2026

8:15 AM


ASX Winners And Losers Of Today – 04-08-26

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

Aug 04 2026


FNArena Corporate Results Monitor – 04-08-2026

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments

Aug 04 2026


Australian Broker Call *Extra* Edition – Aug 04, 2026

Extra Edition of the Broker Call Report

Aug 04 2026


Bell Potter rates 360 as Buy

Bell Potter envisages some downside risk around MAU growth in the first half compared with consensus estimates for Life360, although forecasts still imply an exit run rate close to 5m, considered good given the Android issues that persisted in April and into May.

Conversely, upside risk is envisaged around paying circle growth versus consensus. The stock is considered reasonable value and deserving to trade on a similar, if not higher, multiple than TechnologyOne ((TNE)), given it is a market leader and has higher forecast earnings growth. Buy rating and $35 target maintained.

Macquarie rates MGH as Outperform

As noted by Macquarie, Maas Group announced new electrical infrastructure work for Firmus of around $855m to be executed over the next 18 months.

Management also updated FY26 guidance of $300m–$310m, of which Firmus constitutes between $55m–$60m; $130m–$135m of continuing operations and around $115m of non-continuing operations.

The guidance compares to $250m–$280m, previously. EPS forecasts are trimmed –15% for FY26 and lifted by 6% for FY27 and 31% for FY28.

The group has also entered into an agreement to acquire an additional $300m of Firmus shares and preference shares bringing the total investment to $410m, the analyst points out, or a circa 3.2% stake.

Target price is upgraded by 20% to $6.30 from $5.25. The valuation does not include the Firmus stake which could be worth around $1.37cps using a reported valuation of $15.5bn. Outperform rated.

Citi rates TWE as Buy

Pre the Treasury Wine Estates' FY26 result due on August 13, the Citi analyst anticipates earnings (EBITS) will meet guidance which was updated on June 4.

The broker anticipates management will reconfirm FY27 earnings (EBITS) guidance, at a minimum equal to FY26.

Management is also likely to point to depletions in China and some slight improvement in the US operations. Both factors are considered as relevant to improving confidence in the new CEO, the broker stresses.

With the high short interest in the stock which was around double the 12-month average in July, Citi views there to be little downside risk to earnings and believes the stock can continue to outperform.

Buy rating retained. Target unchanged at $5.50.

Click here to see full report market arrow icon

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 PRICECHANGE +/-CHANGE %VOLUME

$37.29

03 Aug
2026

market red arrow -0.020

OPEN

$37.30

market red arrow -0.05%

HIGH

$37.37

2,845,892

LOW

$37.00

TARGET
$35.017-6.1% downside
Franking for last dividend paid out: 75%
FNARENA'S MARKET CONSENSUS FORECASTS
ANZ: 1
TitleFY24
Actual
FY25
Actual
FY26
Forecast
FY27
Forecast
EPS (cps)xxx 198.2 245.1xxx
DPS (cps)xxx 166.0 166.8xxx
EPS Growthxxx- 9.1% 23.7%xxx
DPS Growthxxx 0.0% 0.5%xxx
PE RatioxxxN/A 15.6xxx
Dividend YieldxxxN/A 4.4%xxx
Div Pay Ratio(%)xxx 83.8% 68.1%xxx

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@Filapek
Rudi Filapek-Vandyck@Filapek
9h
RBC Capital on Light & Wonder $LNW: "We view Light & Wonder's Q2 result as positive for the company as earnings and cashflow were above market expectations, notwithstanding that revenue was 2% below market. "AEBITDA was up 9% on pcp and it was 5% ahead of market expectations
@Filapek
Rudi Filapek-Vandyck@Filapek
9h
CLSA on Maas Group $MGH: "MGH’s pivot from building materials to AI infrastructure is accelerating, with its near doubling of its Firmus stake together with a significant electrical contract win. "Near-term AI market volatility may persist, but we believe the pipeline of
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Rudi Filapek-Vandyck@Filapek
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RBC Capital on The Lottery Corp $TLC : "We initiate coverage on The Lottery Corporation with a Sector Perform rating and a price target of $5.75 per share, which implies 6% upside from current levels. "Our Sector Perform rating balances the company's strong market positions
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Rudi Filapek-Vandyck@Filapek
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RBC Capital on Fortescue $FMG: "FY26 shipments, realised prices and C1 costs in line. Costs and capex creeping up in FY27 "FMG has reported FY26 iron ore shipments, realised prices and C1 costs in line with expectations. "FY27 guidance for iron ore shipments was a touch light
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Rudi Filapek-Vandyck@Filapek
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Moelis on Ora Banda $OBM: "We'll keep flagging our enthusiasm for the potential around Davyhurst so long as OBM continue to deliver exploration results like this. "The overall strike length of the Little Gem/Little Jewel project continues to grow and it is becoming clear this
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Moelis on Capstone Copper $CSC : "At a first pass, this looks like a mixed result, with slightly softer production and costs (than our estimates) delivering EBITDA broadly as we anticipated. "There are always numerous moving parts to CSC's numbers and sometimes the
@Filapek
Rudi Filapek-Vandyck@Filapek
4d
RBC Capital downgrades Ampol $ALD: "Record 1H 2026 EBITDA and EBIT guidance backed by higher-than-expected trading earnings and a robust refining margin. "The Lytton refinery major turnaround (maintenance shut-down) has been confirmed to run from August to October. "This
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Rudi Filapek-Vandyck@Filapek
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RBC Capital on $PLS: "FY27 will be a pivotal year with the restart of the c.200kt capacity Ngungaju plant in July and an anticipated FID for the P2000 Project in the Dec-26 quarter. "PLS expects a c.21% increase in production to 1,030-1,100kt in FY27 mainly reflecting the
@Filapek
Rudi Filapek-Vandyck@Filapek
5d
I had lots of fun writing this week's Rudi's View, not in the least because of a special book that was gifted to me https://t.co/BAdXpwdG2l$TNE $WES $CBA #banks#investing#XJO#stocks#equities#allweathermanhttps://t.co/bfNqgTyCKV
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Rudi Filapek-Vandyck@Filapek
5d
Barclays on $RIO Tinto: "Solid 1H26 result from RIO, with lower tax rate and impressive Pilbara cost performance the hallmarks. "Cost out lifting and $5bn of asset sales to be announced over the next five months should support returns. "RIO preferred to BHP but enough
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DAILY FINANCIAL NEWS

FNArena Corporate Results Monitor – 04-08-2026

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments

Aug 04 2026 - Australia


Northern Star Resources’ share price is approaching a potential technical breakout, Fairmont Equities’ Michael Gable reports

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Chinese EV sales in Australia are in a strong uptrend. This will start impacting on existing sectors and businesses

Aug 03 2026 - Australia


Independent Investment Research updates developments in Australia’s listed investment trust and provides comparative data

Aug 03 2026 - Australia


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

Aug 01 2026 - Australia


FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments

Jul 31 2026 - Australia


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RUDI'S VIEWS

Rudi’s View: TechOne, Banks & Wesfarmers

In today’s edition: TechOne, Still The Number One; Rio Tinto Opens The August Season; Picking Winners Pre-August; Banks: Expensive, Or Maybe Less So; How To Value The Wesfarmers Quality?

Jul 30 2026

DAILY MARKET REPORTS

The Overnight Report: Can’t Get More Bullish

A global perspective on what happened overnight

8:48 AM


Today’s Financial Calendar – 05-08-2026

Significant Scheduled Events For 05 August, 2026

8:15 AM


ASX Winners And Losers Of Today – 04-08-26

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

Aug 04 2026


Australian Broker Call *Extra* Edition – Aug 04, 2026

Extra Edition of the Broker Call Report

Aug 04 2026


The Overnight Report: Dow Closes At Record High

A global perspective on what happened overnight

Aug 04 2026


Today’s Financial Calendar – 04-08-2026

Significant Scheduled Events For 04 August, 2026

Aug 04 2026


ASX Winners And Losers Of Today – 03-08-26

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

Aug 03 2026


WEEKLY REPORTS

Weekly Update On LICs & LITs – 04-Aug-2026

Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX

Aug 04 2026

Uranium Week: Steady Rise In Term Requests

As far as activity and pricing in the U308 market were concerned, July was largely a non-event, but investors adopted a risk-off approach to uranium equities, as reflected in the decline of the Global X Uranium ETF (URA)

Aug 04 2026

Australian Listed Real Estate Tables – 03-08-2026

FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data

Aug 03 2026


Weekly Ratings, Targets, Forecast Changes – 31-07-26

Weekly update on stockbroker recommendation, target price, and earnings forecast changes

Aug 03 2026

Next Week At A Glance – 3-7 August 2026

A brief look at important company events and economic data releases next week

Jul 31 2026

Weekly Top Ten News Stories – 31 July 2026

Our top ten news stories from 23 July 2026 to 30 July 2026

Jul 31 2026


In Case You Missed It – BC Extra Upgrades & Downgrades – 31-07-26

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

Jul 31 2026

In Brief: Credit Clear, FDC & Greatland Resources

This week’s broker updates highlight Credit Clear’s stronger-than-expected earnings, FDC’s attractive post-IPO outlook and Greatland Resources’ operational progress

Jul 31 2026

The Short Report – 30 Jul 2026

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

Jul 30 2026


9.1K Followers
26.7K Posts
@Filapek
Rudi Filapek-Vandyck @Filapek
48m
RBC Capital on Light & Wonder $LNW: "We view Light & Wonder's Q2 result as positive for the company as earnings and cashflow were above market expectations, notwithstanding that revenue was 2% below market. "AEBITDA was up 9% on pcp and it was 5% ahead of market expectations
@Filapek
Rudi Filapek-Vandyck @Filapek
54m
CLSA on Maas Group $MGH: "MGH’s pivot from building materials to AI infrastructure is accelerating, with its near doubling of its Firmus stake together with a significant electrical contract win. "Near-term AI market volatility may persist, but we believe the pipeline of
@Filapek
Rudi Filapek-Vandyck @Filapek
1d
RBC Capital on The Lottery Corp $TLC : "We initiate coverage on The Lottery Corporation with a Sector Perform rating and a price target of $5.75 per share, which implies 6% upside from current levels. "Our Sector Perform rating balances the company's strong market positions
@Filapek
Rudi Filapek-Vandyck @Filapek
4d
RBC Capital on Fortescue $FMG: "FY26 shipments, realised prices and C1 costs in line. Costs and capex creeping up in FY27 "FMG has reported FY26 iron ore shipments, realised prices and C1 costs in line with expectations. "FY27 guidance for iron ore shipments was a touch light
@Filapek
Rudi Filapek-Vandyck @Filapek
5d
Moelis on Ora Banda $OBM: "We'll keep flagging our enthusiasm for the potential around Davyhurst so long as OBM continue to deliver exploration results like this. "The overall strike length of the Little Gem/Little Jewel project continues to grow and it is becoming clear this
@Filapek
Rudi Filapek-Vandyck @Filapek
5d
Moelis on Capstone Copper $CSC : "At a first pass, this looks like a mixed result, with slightly softer production and costs (than our estimates) delivering EBITDA broadly as we anticipated. "There are always numerous moving parts to CSC's numbers and sometimes the
@Filapek
Rudi Filapek-Vandyck @Filapek
5d
RBC Capital downgrades Ampol $ALD: "Record 1H 2026 EBITDA and EBIT guidance backed by higher-than-expected trading earnings and a robust refining margin. "The Lytton refinery major turnaround (maintenance shut-down) has been confirmed to run from August to October. "This
@Filapek
Rudi Filapek-Vandyck @Filapek
5d
RBC Capital on $PLS: "FY27 will be a pivotal year with the restart of the c.200kt capacity Ngungaju plant in July and an anticipated FID for the P2000 Project in the Dec-26 quarter. "PLS expects a c.21% increase in production to 1,030-1,100kt in FY27 mainly reflecting the
@Filapek
Rudi Filapek-Vandyck @Filapek
5d
I had lots of fun writing this week's Rudi's View, not in the least because of a special book that was gifted to me https://t.co/BAdXpwdG2l $TNE $WES $CBA #banks #investing #XJO #stocks #equities #allweatherman https://t.co/bfNqgTyCKV
Tweet media
@Filapek
Rudi Filapek-Vandyck @Filapek
5d
Barclays on $RIO Tinto: "Solid 1H26 result from RIO, with lower tax rate and impressive Pilbara cost performance the hallmarks. "Cost out lifting and $5bn of asset sales to be announced over the next five months should support returns. "RIO preferred to BHP but enough
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THE MARKETS

    Click item/line to change chart

  • Australia

    05 August 2026   Updated : 09:12   AEDT

    SPI Overnight

    9131.00

    +41.00

    0.45%

    NZ50

    13975.860

    +72.400

    0.520%

    All Ordinaries

    9311.90

    +133.50

    1.45%

    S&P ASX 200

    9145.80

    +126.50

    1.40%

    S&P ASX 300

    9069.90

    +127.30

    1.42%

    Communication Services

    1666.00

    +26.70

    1.63%

    Consumer Discretionary

    4082.80

    +8.40

    0.21%

    Consumer Staples

    13501.40

    +20.00

    0.15%

    Energy

    10596.70

    +77.40

    0.74%

    Financials

    10127.00

    +191.40

    1.93%

    Health Care

    27540.10

    +635.20

    2.36%

    Industrials

    8546.00

    +87.60

    1.04%

    Info Technology

    1854.70

    +70.20

    3.93%

    Materials

    23507.00

    +250.50

    1.08%

    Real Estate

    3689.80

    +51.30

    1.41%

    Utilities

    9748.10

    -40.70

    -0.42%

    A-REITs

    1718.60

    +23.60

    1.39%

    All Technology Index

    3068.60

    +101.60

    3.42%

    Banks

    4307.80

    +84.50

    2.00%

    Gold Index

    15543.00

    +286.70

    1.88%

    Metals & Mining

    8066.20

    +83.20

    1.04%

    Click item/line to change chart

  • Australasia

    05 August 2026   Updated : 09:12   AEDT

    AUD/USD

    0.7048

    +0.00

    0.28%

    AUD/NZD

    1.1982

    +0.00

    0.15%

    NZD/USD

    0.5882

    +0.00

    0.12%

    AUD/JPY

    111.19

    +0.18

    0.16%

    SGD/AUD

    1.11

    0.00

    -0.16%

    AUD/EUR

    0.6111

    +0.00

    0.08%

    AUD/GBP

    0.5239

    +0.00

    0.21%

    AUDCAD

    0.9912

    +0.00

    0.46%

  • World

    05 August 2026   Updated : 09:12   AEDT

    CAD/USD

    0.7110

    0.00

    -0.18%

    EUR/JPY

    181.94

    +0.16

    0.09%

    EUR/USD

    1.1533

    +0.00

    0.21%

    GBP/USD

    1.3452

    +0.00

    0.07%

    USD/JPY

    157.76

    -0.19

    -0.12%

    Click item/line to change chart

  • World

    05 August 2026   Updated : 09:12   AEDT

    FTSE100

    10879.38

    +21.68

    0.20%

    DAX30

    26202.35

    +201.04

    0.77%

    Hang Seng

    25852.92

    -156.48

    -0.60%

    Nikkei 225

    63957.53

    +202.63

    0.32%

    NZ50

    13975.860

    +72.400

    0.520%

    DJIA

    54085.88

    +907.47

    1.71%

    S&P500

    7736.52

    +136.02

    1.79%

    Nasdaq Comp

    26584.99

    +671.10

    2.59%

    S&P500 VIX

    16.50

    +0.64

    4.04%

    US 10-year yield

    4.627

    -0.059

    -1.260%

    USD Index

    99.86

    -0.10

    -0.10%

  • Aus Stocks

    05 August 2026   Updated : 09:12   AEDT

    Amcor (US)

    47.14

    +1.12

    2.43%

    Newmont (US)

    97.73

    +2.37

    2.49%

    Rio Tinto (UK)

    7313.00

    +224.00

    3.16%

    BHP Group (US)

    87.46

    +3.96

    4.74%

    Rio Tinto (US)

    99.01

    +3.11

    3.24%

    ResMed (US)

    223.14

    +7.95

    3.69%

    South32 (UK)

    249.40

    +9.40

    3.92%

    James Hardie (US)

    28.36

    +0.69

    2.49%

    Janus Henderson (US)

    51.95

    -0.02

    -0.04%

    Click item/line to change chart

  • Metals & Minerals

    05 August 2026   Updated : 07:15   AEDT

    Gold (oz)

    4077.44

    +22.36

    0.55%

    Silver (oz)

    59.51

    +1.33

    2.29%

    Copper (lb)

    6.6100

    +0.09

    1.38%

    Aluminium (lb)

    1.4791

    +0.03

    2.00%

    Nickel (lb)

    7.7700

    +0.15

    2.03%

    Zinc (lb)

    1.7019

    +0.02

    1.09%

    Copper (t)

    14568.44

    +198.36

    1.38%

    Aluminium (t)

    3260.00

    +64.00

    2.00%

    Nickel (t)

    17125.00

    +340.00

    2.03%

    Zinc (t)

    3751.00

    +40.50

    1.09%

    Uranium (lb) weekly

    86.50

    +0.25

    0.29%

    Iron Ore (t)

    93.70

    +0.04

    0.04%

  • Energy

    05 August 2026   Updated : 07:15   AEDT

    West Texas Crude

    75.16

    -4.81

    -6.01%

    Brent Crude

    78.77

    -4.69

    -5.62%

CALENDAR

Wednesday, 5 August 2026
NZ 2Q wages & unemployment
US July ADP
US July ISM services
XX Global PMIs
ARGFY26 earnings report
LNW1H26 earnings report
NXEFY26 earnings report
PNIFY26 earnings report
Thursday, 6 August 2026
AU June Trade Bal
EZ June Retail sales
US 2Q labour costs
AMP1H26 earnings report

ALL WEATHER STOCKS

CodeCompanyPrice
CARCAR GROUP LIMITED

market icon up$26.90

REAREA GROUP LIMITED

market icon up$163.56

RMDRESMED INC

market icon up$30.70

TNETECHNOLOGY ONE LIMITED

market icon up$32.04

WOWWOOLWORTHS GROUP LIMITED

market icon up$40.22

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FNARENA TALKS

FNARENA WINDOWS

Window on GOLD & SILVER

Northern Star Poised For Technical Break Out

Northern Star Resources’ share price is approaching a potential technical breakout, Fairmont Equities’ Michael Gable reports

Aug 04 2026


Window on WEALTH MANAGEMENT & INVESTMENTS

Weekly Update On LICs & LITs – 04-Aug-2026

Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX

Aug 04 2026


Window on URANIUM

Uranium Week: Steady Rise In Term Requests

As far as activity and pricing in the U308 market were concerned, July was largely a non-event, but investors adopted a risk-off approach to uranium equities, as reflected in the decline of the Global X Uranium ETF (URA)

Aug 04 2026


GEN AI

AI Infrastructure: From Capex To Productivity

Despite growing investor scepticism, analysts believe the next phase of the AI investment cycle will be driven by productivity gains, data centre expansion and a widening group of ASX-listed beneficiaries

Jul 30 2026


FEATURE STORIES

Australian Banks, Bad Debts And The Budget

The March quarter turned sour for the banks and bad debt provisions were increased, ahead of a federal budget that will have significant impact on mortgage demand

May 20 2026