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
2024

0.350

OPEN

$31.54

1.12%

HIGH

$31.68

7,484,240

LOW

$31.34

TARGET
$27.372 -13.1% downside
Franking for last dividend paid out: 65%
FNARENA'S MARKET CONSENSUS FORECASTS
ANZ: 1
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

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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:Ā How Not to Lose $1 millionĀ 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


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

Today’s Financial Calendar – 20-09-2024

Significant Scheduled Events For 20 September, 2024

8:15 AM


The Overnight Report: Good Friday

A global perspective on what happened overnight

8:09 AM


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


The Overnight Report: Mixed Messaging

A global perspective on what happened overnight

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 SpotlightĀ 

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


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THE MARKETS

    Click item/line to change chart

  • 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%

    Click item/line to change chart

  • Australasia

    20 September 2024   Updated : 12:12   AEDT

    AUD/USD

    0.6806

    0.00

    -0.42%

    AUD/NZD

    1.0915

    +0.00

    0.02%

    NZD/USD

    0.6235

    0.00

    -0.49%

    AUD/JPY

    96.99

    -0.72

    -0.73%

    SGD/AUD

    1.14

    +0.00

    0.40%

    AUD/EUR

    0.6099

    0.00

    -0.29%

    AUD/GBP

    0.5125

    0.00

    -0.43%

    AUDCAD

    0.9232

    0.00

    -0.25%

  • 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%

    Click item/line to change chart

  • World

    20 September 2024   Updated : 12:12   AEDT

    FTSE100

    8328.72

    +75.04

    0.91%

    DAX30

    19002.38

    +290.89

    1.55%

    Hang Seng

    18293.31

    +280.15

    1.56%

    Nikkei 225

    37916.87

    +761.54

    2.05%

    DJIA

    42025.19

    +522.09

    1.26%

    S&P500

    5713.64

    +95.38

    1.70%

    Nasdaq Comp

    18013.98

    +440.68

    2.51%

    S&P500 VIX

    16.33

    -1.90

    -10.42%

    US 10-year yield

    3.740

    +0.055

    1.490%

    USD Index

    100.63

    -0.31

    -0.31%

  • 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%

    Click item/line to change chart

  • Metals & Minerals

    20 September 2024   Updated : 07:35   AEDT

    Gold (oz)

    2611.80

    +27.00

    1.04%

    Silver (oz)

    31.11

    +0.70

    2.30%

    Copper (lb)

    4.3485

    +0.08

    1.83%

    Aluminium (lb)

    1.1439

    +0.01

    0.71%

    Nickel (lb)

    7.3501

    +0.05

    0.65%

    Zinc (lb)

    1.3239

    +0.02

    1.80%

    Copper (t)

    9545.00

    +142.00

    1.51%

    Aluminium (t)

    2542.00

    +18.00

    0.71%

    Nickel (t)

    16334.00

    +106.00

    0.65%

    Zinc (t)

    2942.00

    +52.00

    1.80%

    Uranium (lb) weekly

    80

    -0.50

    -0.62%

    Iron Ore (t)

    92.03

    +0.46

    0.50%

  • Energy

    20 September 2024   Updated : 07:35   AEDT

    West Texas Crude

    71.14

    +2.03

    2.94%

    Brent Crude

    74.86

    +1.97

    2.70%

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

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


FEATURE STORIES

Awaiting The Next Lithium Upswing

Lithium prices remain weak, but there is a growing expectation a turnaround is on the cards. It’s just a matter of when

Jul 17 2024