FINANCIAL NEWS
Rudi’s View: The Importance Of ‘Quality’ Growth
Updates on stock picker’s favourites and Model Portfolio adjustments
3:18 PM
ESG Focus: The Little Big Things – 21-11-2024
Tackling the lingering problem of PFAS; Founder-led companies outperform; meeting sustainability goals and the latest in ESG corporate news
11:57 AM
All On Board The Santa Rally!?
If history can be our guide, equities should see strong gains into year-end, Pepperstone’s Chris Weston reports
10:45 AM
The Short Report – 21 Nov 2024
FNArena’s weekly update on short positions in the Australian share market
10:23 AM
Australian Broker Call *Extra* Edition – Nov 21, 2024
Extra Edition of the Broker Call Report
10:00 AM
Citi rates AMC as Neutral
Adding to previous takeaways on the merger between Amcor and Berry, Citi notes some investor concerns, higher EPS generation could come at the "expense" of return on capital and a potentially more cyclical portfolio.
The broker believes the merger is logical, and is expected to generate -US$650m in synergies or around 3% of sales.
Citi explains Berry is being merged at a lower valuation multiple, some -20% below Amcor's. The analyst views this as indicative of the more cyclical nature of Berry's earnings profile due to exposure to commoditised products.
Berry has been diversifying into consumer packaging. Amcor remains Neutral rated. Target price is $17.
Bell Potter rates IPX as Speculative Buy
Bell Potter believes its new forecast of US$110/kg for Iperionx's titanium production margins, up from US$60/kg, is likely highly conservative.
The broker highlights that, despite a marginally slower ramp-up, recent contract wins with Ford and Aperam showcase the company's focus on securing higher-value contracts ahead of titanium production.
Bell Potter raises the target price to $5.25 from $3.95 and maintains a Speculative Buy rating.
Morgan Stanley rates SEK as Overweight
Morgan Stanley considers Seek's AGM trading update and reiterated FY25 guidance are important for a stock that has been in an earnings downgrade cycle for around two years.
While the consensus view is bearish, with some seeing the stock as structurally broken, the broker assesses the majority of earnings declines have been cyclical.
Positively, according to the analysts, management confidently cited improving volumes in Australia, higher yield and a rising probability of monetisation of its Growth fund investment.
Overweight retained. Target rises to $30 from $28. Industry View: Attractive.
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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 |
|---|---|---|---|
|
$32.18 20 Nov |
OPEN $32.30 |
HIGH $32.45 |
3,166,527 LOW $32.12 |
-0.160| TARGET | |||
| $27.390 -14.9% downside | |||
| Franking for last dividend paid out: 65% |
| Title | FY23 Actual |
FY24 Actual |
FY25 Forecast |
FY26 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | 218.0 | 226.8 | xxx |
| DPS (cps) | xxx | 166.0 | 172.0 | xxx |
| EPS Growth | xxx | - 8.0% | 4.0% | xxx |
| DPS Growth | xxx | - 5.1% | 3.6% | xxx |
| PE Ratio | xxx | N/A | 14.2 | xxx |
| Dividend Yield | xxx | N/A | 5.3% | xxx |
| Div Pay Ratio(%) | xxx | 76.2% | 75.8% | xxx |
DAILY FINANCIAL NEWS
ESG Focus: The Little Big Things – 21-11-2024
Tackling the lingering problem of PFAS; Founder-led companies outperform; meeting sustainability goals and the latest in ESG corporate news
11:57 AM - ESG Focus
If history can be our guide, equities should see strong gains into year-end, Pepperstone’s Chris Weston reports
10:45 AM - International
A dry first quarter impacted on Elders’ FY24 earnings but more normal conditions are already prevalent in FY25
Nov 20 2024 - Australia
Earlier today, Tony Sycamore, Market Analyst, IG shared his technical views on the Nasdaq, ASX200 and gold
Nov 20 2024 - Technicals
FY24 revealed ongoing strength for FleetPartners Group’s novated leasing with analysts highlighting ongoing buybacks and the prospect for the FY27 return of dividends
Nov 20 2024 - Small Caps
FY25 looks like providing a bumper harvest, but weaker grain trading and crush margins due to strength in global crops will keep GrainCorp earnings under pressure
Nov 19 2024 - Australia
PR NEWSWIRE
PRECEDENT PRODUCTIONS LAUNCHES THE 2025 AUSTRALIAN SMALL BUSINESS CHAMPION AWARDS
8:47 AM - PR NewsWire
DECK THE HALLS WITH LOTS OF ZOMBIES – ZERO LATENCY VR LAUNCHES FESTIVE “SLAY SEASON” MODE IN OUTBREAK
2:00 AM - PR NewsWire
BioCatch partners with Australian banks on launch of fraud and scams intelligence-sharing network
Nov 20 2024 - PR NewsWire
Philips and Edith Cowan University Australia Collaborate to Equip the Next Generation of Healthcare Professionals to leverage new technologies
Nov 20 2024 - PR NewsWire
Warringtonfire Australia Rebrands to Jensen Hughes, Strengthening Global Fire Safety Engineering, Fire Testing and Fire Assessment Services
Nov 20 2024 - PR NewsWire
Binggrae’s Iconic Melona Ice Bar Now Available at Costco Australia
Nov 20 2024 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: The Importance Of ‘Quality’ Growth
Updates on stock picker’s favourites and Model Portfolio adjustments
3:18 PM
DAILY MARKET REPORTS
Australian Broker Call *Extra* Edition – Nov 21, 2024
Extra Edition of the Broker Call Report
10:00 AM
ASX Winners And Losers Of Today – 20-11-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Nov 20 2024
Australian Broker Call *Extra* Edition – Nov 20, 2024
Extra Edition of the Broker Call Report
Nov 20 2024
Today’s Financial Calendar – 20-11-2024
Significant Scheduled Events For 20 November, 2024
Nov 20 2024
WEEKLY REPORTS
The Short Report – 21 Nov 2024
FNArena’s weekly update on short positions in the Australian share market
10:23 AM
Weekly Update On LICs & LITs – 19-Nov-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Nov 19 2024
Uranium Week: From Russia With Love
Uranium spot prices received an extra fillip from Russia’s temporary export ban on enriched product in retaliation to US government sanctions
Nov 19 2024
Australian Listed Real Estate Tables – 18-11-2024
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Nov 18 2024
Weekly Ratings, Targets, Forecast Changes – 15-11-24
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Nov 18 2024
Next Week At A Glance -18-22 Nov 2024
A brief look at important company events and economic data releases next week
Nov 15 2024
Weekly Top Ten News Stories – 15 November 2024
Our top ten news stories from 07 November 2024 to 14 November 2024
Nov 15 2024
In Case You Missed It – BC Extra Upgrades & Downgrades – 15-11-24
A summary of the highlights from Broker Call Extra updates throughout the week past
Nov 15 2024
In Brief: Bisalloy Steel, Attura & Lindsay Australia
Weekly Broker Wrap: Peek into the smaller market cap end of the share market with brokers offering ideas across a range of industries
Nov 15 2024
THE MARKETS
-
Australia
21 November 2024 Updated : 16:12 AEDT
SPI Overnight
8363.00
+4.00
0.05%
NZ50
12765.240
+28.180
0.220%
All Ordinaries
8555.50
-23.60
-0.28%
S&P ASX 200
8311.30
-15.00
-0.18%
S&P ASX 300
8239.50
-16.80
-0.20%
Communication Services
1667.50
-0.60
-0.04%
Consumer Discretionary
3832.90
-42.80
-1.10%
Consumer Staples
11442.80
-79.60
-0.69%
Energy
8671.80
-1.00
-0.01%
Financials
8946.40
+17.60
0.20%
Health Care
43701.70
-207.90
-0.47%
Industrials
7559.10
-16.10
-0.21%
Info Technology
2908.80
+3.60
0.12%
Materials
16607.00
-45.20
-0.27%
Real Estate
3932.20
-15.50
-0.39%
Utilities
8944.90
-30.40
-0.34%
A-REITs
1798.20
-5.30
-0.29%
All Technology Index
3880.90
+2.10
0.05%
Banks
3778.50
+11.80
0.31%
Gold Index
8889.80
+97.90
1.11%
Metals & Mining
5388.60
-13.50
-0.25%
-
World
21 November 2024 Updated : 16:12 AEDT
CAD/USD
0.7160
+0.00
0.06%
EUR/JPY
163.62
-0.82
-0.50%
EUR/USD
1.0550
0.00
-0.09%
GBP/USD
1.2653
0.00
-0.17%
USD/JPY
155.10
-0.61
-0.39%
-
Aus Stocks
21 November 2024 Updated : 16:12 AEDT
Amcor (US)
10.34
+0.45
4.55%
Newmont (US)
42.99
-0.19
-0.44%
Rio Tinto (UK)
4889.50
-4.00
-0.08%
BHP Group (US)
52.27
-0.41
-0.78%
Rio Tinto (US)
62.39
-0.04
-0.06%
ResMed (US)
241.55
+3.43
1.44%
South32 (UK)
189.20
+0.90
0.48%
James Hardie (US)
35.38
-0.57
-1.59%
Janus Henderson (US)
43.86
-0.06
-0.14%
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CALENDAR
Thursday, 21 November 2024
US Oct existing home sales US Phil Fed bus outlook BGL AGM CHN AGM CLG AGM DXI AGM EVN AGM GOZ AGM HUB AGM IFL AGM MIN AGM NWL AGM PDI AGM ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$41.10 CSL CSL LIMITED
$273.91 REA REA GROUP LIMITED 
$246.98 TNE TECHNOLOGY ONE LIMITED
$29.62 WOW WOOLWORTHS GROUP LIMITED
$29.88 WEEKLY PDF
Stories To Read From FNArena
WEEK 46
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WEEK 42
FNARENA TALKS
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FNARENA WINDOWS
Window on INSURANCE
ESG Focus: The Little Big Things – 21-11-2024
Tackling the lingering problem of PFAS; Founder-led companies outperform; meeting sustainability goals and the latest in ESG corporate news
11:57 AM
Window on AGRICULTURE
Cycle Optimism Building For Elders
A dry first quarter impacted on Elders’ FY24 earnings but more normal conditions are already prevalent in FY25
Nov 20 2024
Window on VEHICLE LEASING & SALARY PACKAGING
EVs And Capital Management Drive FleetPartners
FY24 revealed ongoing strength for FleetPartners Group’s novated leasing with analysts highlighting ongoing buybacks and the prospect for the FY27 return of dividends
Nov 20 2024
GEN AI
Nuix Rises From The Ashes
After a post IPO car crash for investors, Nuix has turned the corner as it hits its AI straps and draws comparisons to US tech stock Palantir
Nov 08 2024