FINANCIAL NEWS

Today’s Financial Calendar – 09-09-2024

Significant Scheduled Events For 09 September, 2024

8:15 AM


The Monday Report – 09 September 2024

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead

8:14 AM


The Market In Numbers – 7 Sep 2024

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

Sep 07 2024


ASX Winners And Losers Of Today – 06-09-24

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

Sep 06 2024


FNArena Corporate Results Monitor – 06-09-2024

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

Sep 06 2024


Bell Potter rates CMM as Buy

Bell Potter observes FY24 Capricorn Metals results were slightly below forecasts at the net profit level and in line for revenue.

Depreciation/amortisating charge came in lower than forecast, with record cashflows despite lower production.

The analyst points to changes in the accounting treatment for hedging which involved the buy-back of the partial hedge, thereby removing all the hedging commitments through FY25.

The company remains one of the lowest cost producers in the gold sector, the broker highlights. EPS forecasts are adjusted for the update, including accrued hedging costs by -29% in FY25 and -5% in FY26.

The target moves to $6.49 from $6.38. Buy rating unchanged.

Macquarie rates CRN as Outperform

Due to an outage at Curragh's overland conveyor and inclement Queensland weather, management at Coronado Global Resources has cut 2024 production guidance by -7% with cost guidance also -11% worse.

Site-wide impacts to coal and strip movement have resulted in unutilised processing plant capacity, explains the broker.

Management now assumes additional weather impacts in the 4Q of 2024 given the recent La Nina classification by the Australian Bureau of Meteorology.

The target falls by -14% to $1.80. Outperform rating unchanged.

Citi rates STO as Neutral

Former CFO at Woodside Energy ((WDS) and CEO of Newcrest Mining, Sherry Duhe will replace the retiring CFO Mckinnell at Santos.

Citi considers Duhe a highly competent, experienced manager who will lend genuine management strength to Santos, and would be a potential replacement for CEO Gallagher in time.

The appointment of Duhe should help alleviate market fears around CEO succession, suggests Citi.

Neutral and $8.00 target retained.

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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

$31.79

06 Sep
2024

0.540

OPEN

$31.17

1.73%

HIGH

$31.88

5,928,298

LOW

$31.17

TARGET
$27.155 -14.6% 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 236.8 224.4 xxx
DPS (cps) xxx 175.0 164.8 xxx
EPS Growth xxx - 5.3% - 5.3% 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% 73.5% xxx

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DAILY FINANCIAL NEWS

The Market In Numbers – 7 Sep 2024

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

Sep 07 2024 - Australia


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

Sep 06 2024 - Australia


IPD Group’s FY24 earnings beat management guidance and analysts anticipate upside from organic growth and further M&A activity

Sep 06 2024 - Small Caps


China’s Third Plenum has disappointed, with the country’s leaders setting priorities other than growth, Federated Hermes’ Martin Schulz explains

Sep 05 2024 - International


Supply Network might be a small cap, but its latest earnings results exemplify a company which ticks so many of the right boxes for investors

Sep 05 2024 - Small Caps


A supplier price hike is proving a setback for Macquarie Technology’s cloud services business, but increasing data centre capacity is where the value lays

Sep 05 2024 - Small Caps


RUDI'S VIEWS

Rudi’s View: August Results Fail To Inspire

The stats, data and insights from the August results season that, in the end, did not live up to expectations, plus stock ideas highlighted

Sep 05 2024

DAILY MARKET REPORTS

Today’s Financial Calendar – 09-09-2024

Significant Scheduled Events For 09 September, 2024

8:15 AM


The Monday Report – 09 September 2024

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead

8:14 AM


ASX Winners And Losers Of Today – 06-09-24

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

Sep 06 2024


The Overnight Report: The Nervous Wait

A global perspective on what happened overnight

Sep 06 2024


Today’s Financial Calendar – 06-09-2024

Significant Scheduled Events For 06 September, 2024

Sep 06 2024


ASX Winners And Losers Of Today – 05-09-24

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

Sep 05 2024


Australian Broker Call *Extra* Edition – Sep 05, 2024

Extra Edition of the Broker Call Report

Sep 05 2024


WEEKLY REPORTS

Next Week At A Glance – 9-13 Sep 2024

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

Sep 06 2024

Weekly Top Ten News Stories – 6 September 2024

Our top ten news stories from 29 August 2024 to 05 September 2024

Sep 06 2024

In Case You Missed It – BC Extra Upgrades & Downgrades – 06-09-24

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

Sep 06 2024


In Brief: Dicker Data, Mineral Resources & Red 5

Weekly Broker Wrap: A key theme of the latest reporting season has been costs which continue to impact across a suite of companies

Sep 06 2024

The Short Report – 05 Sep 2024

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

Sep 05 2024

Weekly Update On LICs & LITs – 03-Sep-2024

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

Sep 03 2024


Uranium Week: Why Aren’t Share Prices Moving?

Brokers and industry consultant TradeTech question the growing disconnect between the U308 spot price and uranium market demand/supply dynamics

Sep 03 2024

Australian Listed Real Estate Tables – 02-09-2024

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

Sep 02 2024

Weekly Ratings, Targets, Forecast Changes – 30-08-24

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

Sep 02 2024


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THE MARKETS

    Click item/line to change chart

  • Australia

    09 September 2024   Updated : 08:42   AEDT

    SPI Overnight

    7883.00

    -102.00

    -1.28%

    NZ50

    12528.270

    -87.240

    -0.690%

    All Ordinaries

    8214.80

    +27.10

    0.33%

    S&P ASX 200

    8013.40

    +31.00

    0.39%

    S&P ASX 300

    7942.70

    +29.40

    0.37%

    Communication Services

    1591.80

    +3.50

    0.22%

    Consumer Discretionary

    3748.90

    +37.20

    1.00%

    Consumer Staples

    12629.50

    +100.40

    0.80%

    Energy

    8476.70

    -262.90

    -3.01%

    Financials

    8438.20

    +120.40

    1.45%

    Health Care

    45398.20

    +134.50

    0.30%

    Industrials

    7436.00

    +18.10

    0.24%

    Info Technology

    2557.00

    -9.10

    -0.35%

    Materials

    15538.80

    -134.40

    -0.86%

    Real Estate

    3850.50

    +15.50

    0.40%

    Utilities

    8577.90

    +38.00

    0.44%

    A-REITs

    1757.00

    +7.30

    0.42%

    All Technology Index

    3331.00

    +2.70

    0.08%

    Banks

    3591.00

    +54.50

    1.54%

    Gold Index

    8083.00

    +50.90

    0.63%

    Metals & Mining

    5006.30

    -44.80

    -0.89%

    Click item/line to change chart

  • Australasia

    09 September 2024   Updated : 08:42   AEDT

    AUD/USD

    0.6671

    +0.00

    0.01%

    AUD/NZD

    1.0805

    +0.00

    0.04%

    NZD/USD

    0.6174

    0.00

    0.00%

    AUD/JPY

    94.79

    -0.19

    -0.20%

    SGD/AUD

    1.15

    0.00

    -0.05%

    AUD/EUR

    0.6016

    0.00

    0.00%

    AUD/GBP

    0.5078

    +0.00

    0.06%

    AUDCAD

    0.9050

    +0.00

    0.01%

  • World

    09 September 2024   Updated : 08:42   AEDT

    CAD/USD

    0.7371

    +0.00

    0.11%

    EUR/JPY

    157.66

    -0.23

    -0.15%

    EUR/USD

    1.1089

    0.00

    -0.04%

    GBP/USD

    1.3136

    +0.00

    0.03%

    USD/JPY

    142.17

    -0.14

    -0.10%

    Click item/line to change chart

  • World

    09 September 2024   Updated : 08:42   AEDT

    FTSE100

    8181.47

    -60.24

    -0.73%

    DAX30

    18301.90

    -274.60

    -1.48%

    Hang Seng

    17444.30

    0.00

    0.00%

    Nikkei 225

    36391.47

    -265.62

    -0.72%

    DJIA

    40345.41

    -410.34

    -1.01%

    S&P500

    5408.42

    -94.99

    -1.73%

    Nasdaq Comp

    16690.83

    -436.83

    -2.55%

    S&P500 VIX

    22.38

    +2.48

    12.46%

    US 10-year yield

    3.710

    -0.021

    -0.560%

    USD Index

    101.18

    +0.12

    0.12%

  • Aus Stocks

    09 September 2024   Updated : 08:42   AEDT

    Amcor (US)

    11.08

    -0.02

    -0.18%

    Newmont (US)

    50.34

    -1.59

    -3.06%

    Rio Tinto (UK)

    4516.00

    -75.00

    -1.63%

    BHP Group (US)

    51.39

    -1.12

    -2.13%

    Rio Tinto (US)

    59.71

    -0.68

    -1.13%

    ResMed (US)

    244.87

    +0.09

    0.04%

    South32 (UK)

    148.10

    -5.50

    -3.58%

    James Hardie (US)

    35.50

    -1.29

    -3.51%

    Janus Henderson (US)

    35.62

    -0.84

    -2.30%

    Click item/line to change chart

  • Metals & Minerals

    09 September 2024   Updated : 07:44   AEDT

    Gold (oz)

    2526.80

    -20.10

    -0.79%

    Silver (oz)

    28.27

    -0.90

    -3.09%

    Copper (lb)

    4.0650

    -0.08

    -1.82%

    Aluminium (lb)

    1.0534

    -0.02

    -1.68%

    Nickel (lb)

    7.1579

    -0.08

    -1.13%

    Zinc (lb)

    1.2172

    -0.01

    -1.02%

    Copper (t)

    8964.00

    -140.00

    -1.54%

    Aluminium (t)

    2341.00

    -40.00

    -1.68%

    Nickel (t)

    15907.00

    -182.00

    -1.13%

    Zinc (t)

    2705.00

    -28.00

    -1.02%

    Uranium (lb) weekly

    81

    +1.50

    1.90%

    Iron Ore (t)

    91.61

    +0.31

    0.34%

  • Energy

    09 September 2024   Updated : 07:44   AEDT

    West Texas Crude

    68.16

    -1.17

    -1.69%

    Brent Crude

    71.06

    -1.77

    -2.43%

CALENDAR

Monday, 9 September 2024
JP 2Q GDP
CH Aug CPI/PPI
CSL ex-div 220c
HUB ex-div 19.50c (100%)
OCL ex-div 9c
SUL ex-div 87c (100%)
VEA ex-div 6.7c (100%)
Tuesday, 10 September 2024
NZ Manufacturing activity
AU Aug NAB buisnes confidence
CH Aug Trade Balance
US Aug NFIB
APE ex-div 24c (100%)

ALL WEATHER STOCKS

Code Company Price
CAR CAR GROUP LIMITED

$36.84

CSL CSL LIMITED

$303.99

REA REA GROUP LIMITED

$204.66

TNE TECHNOLOGY ONE LIMITED

$22.69

WOW WOOLWORTHS GROUP LIMITED

$34.64

WEEKLY PDF

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WEEK 35

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WEEK 30

FNARENA TALKS

FNARENA WINDOWS

Window on INDUSTRIAL SECTOR CONTRACTORS & ENGINEERS

IPD Group’s Future Remains Electrifying

IPD Group’s FY24 earnings beat management guidance and analysts anticipate upside from organic growth and further M&A activity

Sep 06 2024


Window on COMMODITIES

In Brief: Dicker Data, Mineral Resources & Red 5

Weekly Broker Wrap: A key theme of the latest reporting season has been costs which continue to impact across a suite of companies

Sep 06 2024


Window on COMMODITIES

China’s Slow Bleed

China’s Third Plenum has disappointed, with the country’s leaders setting priorities other than growth, Federated Hermes’ Martin Schulz explains

Sep 05 2024


GEN AI

IPD Group’s Future Remains Electrifying

IPD Group’s FY24 earnings beat management guidance and analysts anticipate upside from organic growth and further M&A activity

Sep 06 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