FINANCIAL NEWS
ASX Winners And Losers Of Today – 22-10-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Oct 22 2024
Beach Energy: For True Believers Only?
Beach Energy posted strong first quarter numbers and is headed to a production and cash flow inflection in FY26. But broker recommendations are polarised
Oct 22 2024
Perseus Mining Shares Ready To Run
Michael Gable of Fairmont Equities suggests an opportunity in Perseus Mining shares
Oct 22 2024
Australian Broker Call *Extra* Edition – Oct 22, 2024
Extra Edition of the Broker Call Report
Oct 22 2024
Weekly Update On LICs & LITs – 22-Oct-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Oct 22 2024
Morgans rates BBN as Hold
Morgans hosted Baby Bunting CEO and CFO at its annual Morgans Conference last week, noting the company re-affirmed FY25 guidance for net profits of $9.5m-$12.5m, like-for-like sales growth between 0%-3% and a 40% gross margin
Slightly softer than expected sales in 1Q25 from the first seven weeks of FY25 were attributed to an absence of promotions which lifted sales in the previous corresponding period.
New product additions in six out of seven categories are doing well. The broker believes new product innovation is a growth lever for the company. Management also identified 43 stores out of 71 in Australia to be part of the refurbishment program.
Hold rating unchanged. Target price lifts to $1.80 from $1.70.
Bell Potter rates BPT as Buy
Bell Potter observes Beach Energy 1Q25 production, group sales and revenue all came in well above forecasts with a full contribution from Enterprise and a rise of 24% in Otway basin over the previous quarter.
Field declines at Western Flank continued while Cooper Basin JV volumes rose, the broker notes. Management retained FY25 guidance with a wide production range which offers Waitsia Stage 2 ramp-up scope for variances. Initial gas is expected in early 2025.
The analyst likes the downward trend in capex, retaining a positive position on Australia's east coast gas market. EPS forecasts are lifted by 17% in FY25 and 10% in FY26.
Bell Potter maintains a Buy rating, lifting the target price to $1.50 from $1.40.
Citi rates NCK as Buy
The analysts at Citi will not be budging from their current Buy-rated thesis on Nick Scali despite the sudden gross margin deterioration across A&NZ revealed at yesterday's AGM.
The broker anticipates margins will revert to prior levels over the course of FY25. It's thought factory costs will decline due to general weakness in China and increasing scale from shifting UK volumes to the company’s existing factories.
Citi also notes any reduction in interest rates should provide a tailwind via housing churn.
The target falls to $15.93 from $16.53.
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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 |
|---|---|---|---|
|
$31.51 21 Oct |
OPEN $31.70 |
HIGH $31.79 |
3,612,455 LOW $31.41 |
-0.080| TARGET | |||
| $27.408 -13.0% downside | |||
| Franking for last dividend paid out: 65% |
| Title | FY22 Actual |
FY23 Actual |
FY24 Forecast |
FY25 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | 236.8 | 227.9 | xxx |
| DPS (cps) | xxx | 175.0 | 164.8 | xxx |
| EPS Growth | xxx | - 5.3% | - 3.8% | xxx |
| DPS Growth | xxx | 20.3% | - 5.8% | xxx |
| PE Ratio | xxx | N/A | 13.7 | xxx |
| Dividend Yield | xxx | N/A | 5.3% | xxx |
| Div Pay Ratio(%) | xxx | 73.9% | 72.3% | xxx |
DAILY FINANCIAL NEWS
Beach Energy: For True Believers Only?
Beach Energy posted strong first quarter numbers and is headed to a production and cash flow inflection in FY26. But broker recommendations are polarised
Oct 22 2024 - Australia
Michael Gable of Fairmont Equities suggests an opportunity in Perseus Mining shares
Oct 22 2024 - Technicals
ARB Corp provided a disappointing first quarter update, but brokers are more focused on the growth opportunity offered by a recent transaction in the US
Oct 21 2024 - 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
Oct 19 2024 - Australia
A cheap valuation and chunky dividend yield make COG Financial Services a compelling story
Oct 18 2024 - Small Caps
Chinese authorities will have to do a whole lot more to fix their local economy, and share market, concludes XTB MENA’s Hani Abuagla
Oct 17 2024 - International
PR NEWSWIRE
More Aussies holidaymakers are taking to the open road
Oct 22 2024 - PR NewsWire
From Smart Home to Energy Storage Solutions: Anker, Parent Company of eufy, Unveils Anker SOLIX Full Product Range to the Australian Market
Oct 21 2024 - PR NewsWire
Humavant® 100% Human Milk-Based Fortifiers Helping Premature Infants in Australia Grow and Develop
Oct 21 2024 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: AI, Lithium, Uranium & Steadfast
Part Two of this week’s Weekly Insights contains: -Profit forecasts in Australia and the USA-Uranium stocks on the move-Lithium spurred…
Oct 17 2024
DAILY MARKET REPORTS
ASX Winners And Losers Of Today – 22-10-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Oct 22 2024
Australian Broker Call *Extra* Edition – Oct 22, 2024
Extra Edition of the Broker Call Report
Oct 22 2024
The Overnight Report: Bond Yields Rising
A global perspective on what happened overnight
Oct 22 2024
Today’s Financial Calendar – 22-10-2024
Significant Scheduled Events For 22 October, 2024
Oct 22 2024
ASX Winners And Losers Of Today – 21-10-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Oct 21 2024
Australian Broker Call *Extra* Edition – Oct 21, 2024
Extra Edition of the Broker Call Report
Oct 21 2024
The Monday Report – 21 October 2024
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead
Oct 21 2024
WEEKLY REPORTS
Weekly Update On LICs & LITs – 22-Oct-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Oct 22 2024
Uranium Week: Battle Royale – Shorts Versus Sprott
An unchanged U308 spot price continues to bely macro drivers, geopolitics and major buyer strategic purchasing
Oct 22 2024
Australian Listed Real Estate Tables – 21-10-2024
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Oct 21 2024
Weekly Ratings, Targets, Forecast Changes – 18-10-24
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Oct 21 2024
Next Week At A Glance – 21-25 Oct 2024
A brief look at important company events and economic data releases next week
Oct 18 2024
In Case You Missed It – BC Extra Upgrades & Downgrades – 18-10-24
A summary of the highlights from Broker Call Extra updates throughout the week past
Oct 18 2024
Weekly Top Ten News Stories – 18 October 2024
Our top ten news stories from 10 October 2024 to 17 October 2024
Oct 18 2024
In Brief: Lithium, Brazilian Rare Earths & Fineos
Weekly Broker Wrap: Potential lithium stock targets for M&A; Brazilian Rare Earths in focus and Fineos’ second major client a possible game changer
Oct 18 2024
The Short Report – 17 Oct 2024
FNArena’s weekly update on short positions in the Australian share market
Oct 17 2024
THE MARKETS
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Australia
22 October 2024 Updated : 20:12 AEDT
SPI Overnight
8308.00
-68.00
-0.81%
NZ50
12813.150
-110.070
-0.850%
All Ordinaries
8469.00
-135.10
-1.57%
S&P ASX 200
8205.70
-138.70
-1.66%
S&P ASX 300
8147.60
-135.40
-1.63%
Communication Services
1607.10
-14.40
-0.89%
Consumer Discretionary
3712.50
-75.90
-2.00%
Consumer Staples
12154.30
-71.10
-0.58%
Energy
8927.70
-136.60
-1.51%
Financials
8458.60
-159.90
-1.86%
Health Care
45046.10
-1120.20
-2.43%
Industrials
7386.90
-103.20
-1.38%
Info Technology
2540.00
-9.90
-0.39%
Materials
17418.80
-233.10
-1.32%
Real Estate
3972.50
-92.10
-2.27%
Utilities
8566.30
-127.10
-1.46%
A-REITs
1813.30
-41.70
-2.25%
All Technology Index
3485.60
-39.70
-1.13%
Banks
3549.90
-67.70
-1.87%
Gold Index
9823.60
-12.20
-0.12%
Metals & Mining
5705.10
-66.60
-1.15%
-
World
22 October 2024 Updated : 20:12 AEDT
CAD/USD
0.7230
0.00
-0.12%
EUR/JPY
163.39
+0.58
0.35%
EUR/USD
1.0827
0.00
-0.26%
GBP/USD
1.2991
0.00
-0.26%
USD/JPY
150.93
+0.95
0.63%
-
Aus Stocks
22 October 2024 Updated : 20:12 AEDT
Amcor (US)
11.12
-0.12
-1.07%
Newmont (US)
57.57
-0.05
-0.09%
Rio Tinto (UK)
4963.25
+0.25
0.01%
BHP Group (US)
56.32
-0.80
-1.40%
Rio Tinto (US)
64.95
-0.41
-0.63%
ResMed (US)
240.05
+0.05
0.02%
South32 (UK)
185.14
+0.24
0.13%
James Hardie (US)
35.40
-0.36
-1.01%
Janus Henderson (US)
40.36
-0.86
-2.09%
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CALENDAR
Wednesday, 23 October 2024
EZ Oct Unemployment US Sept Beigh Book CDA AGM CIA 1H25 earnings report EBO AGM FBU AGM MYS AGM NSR AGM SSM AGM TAH AGM Thursday, 24 October 2024
US Sept New home sale XX Global Oct PMIs ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$37.12 CSL CSL LIMITED
$294.13 REA REA GROUP LIMITED
$227.18 TNE TECHNOLOGY ONE LIMITED
$24.42 WOW WOOLWORTHS GROUP LIMITED
$32.54 WEEKLY PDF
Stories To Read From FNArena
WEEK 42
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WEEK 40
WEEK 39
WEEK 38
FNARENA TALKS
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FNARENA WINDOWS
Window on NATGAS
Beach Energy: For True Believers Only?
Beach Energy posted strong first quarter numbers and is headed to a production and cash flow inflection in FY26. But broker recommendations are polarised
Oct 22 2024
Window on GOLD & SILVER
Perseus Mining Shares Ready To Run
Michael Gable of Fairmont Equities suggests an opportunity in Perseus Mining shares
Oct 22 2024
Window on WEALTH MANAGEMENT & INVESTMENTS
Weekly Update On LICs & LITs – 22-Oct-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Oct 22 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