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


The Overnight Report: Trump 2.0 Excites

A global perspective on what happened overnight

8:49 AM


Today’s Financial Calendar – 07-11-2024

Significant Scheduled Events For 07 November, 2024

8:15 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.

Click here to see full report

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
2024

-0.160

OPEN

$31.25

-0.51%

HIGH

$31.28

2,665,722

LOW

$30.92

TARGET
$27.438 -11.8% 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 236.8 222.8 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

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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


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

The Overnight Report: Trump 2.0 Excites

A global perspective on what happened overnight

8:49 AM


Today’s Financial Calendar – 07-11-2024

Significant Scheduled Events For 07 November, 2024

8:15 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


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


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THE MARKETS

    Click item/line to change chart

  • 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%

    Click item/line to change chart

  • Australasia

    07 November 2024   Updated : 10:12   AEDT

    AUD/USD

    0.6572

    0.00

    -0.15%

    AUD/NZD

    1.1058

    +0.00

    0.17%

    NZD/USD

    0.5944

    0.00

    -0.30%

    AUD/JPY

    101.50

    +0.17

    0.17%

    SGD/AUD

    1.14

    0.00

    -0.06%

    AUD/EUR

    0.6121

    +0.00

    0.10%

    AUD/GBP

    0.5103

    0.00

    0.00%

    AUDCAD

    0.9159

    +0.00

    0.05%

  • 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%

    Click item/line to change chart

  • World

    07 November 2024   Updated : 10:12   AEDT

    FTSE100

    8166.68

    -5.71

    -0.07%

    DAX30

    19039.31

    -216.96

    -1.13%

    Hang Seng

    20538.38

    -468.59

    -2.23%

    Nikkei 225

    39480.67

    +1005.77

    2.61%

    DJIA

    43729.93

    +1508.05

    3.57%

    S&P500

    5929.04

    +146.28

    2.53%

    Nasdaq Comp

    18983.47

    +544.29

    2.95%

    S&P500 VIX

    16.27

    -4.22

    -20.60%

    US 10-year yield

    4.426

    +0.137

    3.190%

    USD Index

    105.01

    +1.64

    1.59%

  • 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%

    Click item/line to change chart

  • Metals & Minerals

    07 November 2024   Updated : 09:25   AEDT

    Gold (oz)

    2669.20

    -82.80

    -3.01%

    Silver (oz)

    31.30

    -1.45

    -4.43%

    Copper (lb)

    4.2370

    -0.22

    -5.01%

    Aluminium (lb)

    1.1769

    -0.02

    -1.65%

    Nickel (lb)

    7.2925

    +0.02

    0.24%

    Zinc (lb)

    1.3366

    -0.06

    -4.54%

    Copper (t)

    9415.73

    -493.28

    -4.98%

    Aluminium (t)

    2615.00

    -44.00

    -1.65%

    Nickel (t)

    16204.00

    +39.50

    0.24%

    Zinc (t)

    2968.00

    -143.00

    -4.60%

    Uranium (lb) weekly

    78.50

    -2.50

    -3.09%

    Iron Ore (t)

    104.01

    -1.80

    -1.70%

  • Energy

    07 November 2024   Updated : 08:02   AEDT

    West Texas Crude

    71.88

    -0.25

    -0.35%

    Brent Crude

    75.20

    -0.38

    -0.50%

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


WEEK 44

WEEK 43

WEEK 42

WEEK 41

WEEK 40

FNARENA TALKS

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


FEATURE STORIES

A Golden Era For Engineering Services?

Defence, energy, digitalisation industries collide with sustainability to provide a very positive investment spending backdrop for Australia’s engineering services companies

Oct 30 2024