FINANCIAL NEWS
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 |
OPEN $31.17 |
HIGH $31.88 |
5,928,298 LOW $31.17 |
0.540| TARGET | |||
| $27.155 -14.6% downside | |||
| Franking for last dividend paid out: 65% |
| 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 |
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
PR NEWSWIRE
Arcadium Lithium Suspends Stage 4A Waste Stripping at Mt Cattlin and Plans to Transition Site to Care & Maintenance by Mid-2025
Sep 05 2024 - PR NewsWire
Urgent action needed to halt regression in Australia’s road safety record: New global report identifies three levers for change
Sep 05 2024 - PR NewsWire
Sephora Pushes the Boundaries of Innovation with the Reopening of Melbourne Central Flagship Store
Sep 04 2024 - PR NewsWire
Arcadium Lithium Publishes 2023 Sustainability Report
Sep 04 2024 - PR NewsWire
LRQA enhances sustainability leadership as a supporting partner at the 2024 Impact X Summit in Melbourne
Sep 04 2024 - PR NewsWire
Segway-Ninebot Expands Retail Presence in Australia with New Parramatta Store
Sep 04 2024 - PR NewsWire
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
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
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
THE MARKETS
-
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%
-
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%
-
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%
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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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FNARENA TALKS
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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