FINANCIAL NEWS

The Market In Numbers – 15 Jun 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

9:09 AM


ASX Winners And Losers Of Today – 14-06-24

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

Jun 14 2024


Next Week At A Glance – 17-21 – Jun 2024

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

Jun 14 2024


In Case You Missed It – BC Extra Upgrades & Downgrades – 14-06-24

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

Jun 14 2024


Weekly Top Ten News Stories – 14 June 2024

Our top ten news stories from 06 June 2024 to 13 June 2024

Jun 14 2024


Morgan Stanley rates NSR as Underweight

National Storage REIT has entered into binding agreements with GIC to establish the National Storage Ventures Fund to pursue development and operation of self-storage centres across Australia.

The joint venture (25:75 National Storage:GIC) will be seeded by a portfolio of 10 assets from National Storage's portfolio and the REIT will receive around $120m when the deal closes in September this year.

Morgan Stanley likes the deal, explaining that National Storage will earn additional income by using its existing skill set, going a touch more capital light, and potentially accelerating its development pipeline.

Underweight and $2.35 target retained. Industry view: In-Line. 

UBS rates S32 as Buy

UBS has adjusted earnings forecasts for South32 post accounting for higher commodity prices, particularly in silver, manganese, and alumina.

Accordingly, EPS estimates are lifted between 13% to 34% for FY24 to FY26.

The broker notes the price increases provide a strong tailwind to earnings and free cash flow, allowing for a potential share buyback following the financial close of the IMC divestment and a US$1.05bn upfront payment.

Buy rating unchanged and the target price is lifted to $4.15 from $3.90 to reflect the earnings upgrades.

Macquarie rates VEA as Outperform

Following a material weakening of refining margins in the 2Q of 2024, Macquarie lowers its target for Viva Energy to $4.40 from $4.70. The Outperform rating is maintained as the share price has already fallen by around -20% since early-April.

Weaker global fuels demand growth, along with the ramp-up of the Dangote mega-refinery is behind the margin weakness, suggests the broker. 

The broker's forecast for Viva Energy's refining margin is reduced to US$9.50/bbl versus US$12 in Q1.

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

$28.77

13 Jun
2024

-0.010

OPEN

$28.91

-0.03%

HIGH

$29.05

3,361,942

LOW

$28.74

TARGET
$27.588 -4.1% 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 236.8 226.2 xxx
DPS (cps) xxx 175.0 165.0 xxx
EPS Growth xxx - 5.3% - 4.5% xxx
DPS Growth xxx 20.3% - 5.7% xxx
PE Ratio xxx N/A 12.7 xxx
Dividend Yield xxx N/A 5.7% xxx
Div Pay Ratio(%) xxx 73.9% 72.9% xxx

FOLLOW US ON SOCIAL MEDIA

FIND FNARENA ON

DAILY FINANCIAL NEWS

The Market In Numbers – 15 Jun 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

9:09 AM - Australia


Apple Intelligence has arrived and with it a whole new narrative around the extraordinary growth in market capitalisation and earnings being driven by generative Ai; what did Apple actually reveal to the market?

Jun 14 2024 - International


The Chartist reports shares in AUB Group are readying for an upside break-out

Jun 13 2024 - Technicals


With the costly decommissioning of the BMG field now behind it, Cooper Energy has outlined its strategy to exploit a tight east coast gas market

Jun 13 2024 - Small Caps


Tony Sycamore, Market Analyst, IG offers technical views on the Nasdaq, the local ASX200 and gold

Jun 12 2024 - Technicals


Following tighter student visa restrictions in Canada and the UK, Australia has now followed suit, further impacting on IDP Education’s earnings. But brokers see a trough ahead

Jun 11 2024 - Australia


RUDI'S VIEWS

Rudi’s View: Healthcare, Megatrends & FoMo

A general round robin for equity strategy updates shows FoMo concerns are back, while healthcare remains in focus, as are Ai, gold, Quality & Defensives, and structural growth

Jun 06 2024

DAILY MARKET REPORTS

ASX Winners And Losers Of Today – 14-06-24

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

Jun 14 2024


The Overnight Report: Big Tech Trumps ‘Value’

A global perspective on what happened overnight

Jun 14 2024


Today’s Financial Calendar – 14-06-2024

Significant Scheduled Events For 14 June, 2024

Jun 14 2024


ASX Winners And Losers Of Today – 13-06-24

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

Jun 13 2024


Australian Broker Call *Extra* Edition – Jun 13, 2024

Extra Edition of the Broker Call Report

Jun 13 2024


The Overnight Report: CPI Relief

A global perspective on what happened overnight

Jun 13 2024


Today’s Financial Calendar – 13-06-2024

Significant Scheduled Events For 13 June, 2024

Jun 13 2024


WEEKLY REPORTS

Next Week At A Glance – 17-21 – Jun 2024

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

Jun 14 2024

In Case You Missed It – BC Extra Upgrades & Downgrades – 14-06-24

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

Jun 14 2024

Weekly Top Ten News Stories – 14 June 2024

Our top ten news stories from 06 June 2024 to 13 June 2024

Jun 14 2024


In Brief: US Dominance Rests On Tech & Liquidity

Weekly Broker Wrap: Experts talk big on US financial dominance; Jarden and Canaccord dissect the outlook for Australian retailers; and Barrenjoey lends its ear to management from the REITS sector

Jun 14 2024

The Short Report – 13 Jun 2024

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

Jun 13 2024

Uranium Week: Namibia In Focus

Morgan Stanley forecasts nuclear energy production to double globally by 2050. Spot U3O8 weakened last week. Bell Potter reports back from Namibia

Jun 12 2024


Weekly Ratings, Targets, Forecast Changes – 07-06-24

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

Jun 11 2024

In Case You Missed It – BC Extra Upgrades & Downgrades – 07-06-24

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

Jun 07 2024

Weekly Top Ten News Stories – 7 June 2024

Our top ten news stories from 30 May 2024 to 06 June 2024

Jun 07 2024


FOLLOW US ON SOCIAL MEDIA

FIND FNARENA ON

THE MARKETS

    Click item/line to change chart

  • Australia

    15 June 2024   Updated : 10:12   AEDT

    SPI Overnight

    7749.00

    -8.00

    -0.10%

    NZ50

    11864.890

    -7.750

    -0.070%

    All Ordinaries

    7974.80

    -27.70

    -0.35%

    S&P ASX 200

    7724.30

    -25.40

    -0.33%

    S&P ASX 300

    7667.20

    -25.00

    -0.33%

    Communication Services

    1479.00

    -15.80

    -1.06%

    Consumer Discretionary

    3521.20

    +6.50

    0.18%

    Consumer Staples

    12180.00

    -3.40

    -0.03%

    Energy

    9865.30

    -62.00

    -0.62%

    Financials

    7488.60

    -18.70

    -0.25%

    Health Care

    43513.10

    +56.40

    0.13%

    Industrials

    6833.20

    -53.10

    -0.77%

    Info Technology

    2294.90

    -19.70

    -0.85%

    Materials

    17205.50

    -102.00

    -0.59%

    Real Estate

    3658.50

    -0.20

    -0.01%

    Utilities

    8956.40

    -17.80

    -0.20%

    A-REITs

    1668.20

    +0.10

    0.01%

    All Technology Index

    3092.70

    -35.20

    -1.13%

    Banks

    3151.00

    -4.00

    -0.13%

    Gold Index

    7326.70

    -120.70

    -1.62%

    Metals & Mining

    5658.10

    -39.40

    -0.69%

    Click item/line to change chart

  • Australasia

    15 June 2024   Updated : 10:12   AEDT

    AUD/USD

    0.6611

    +0.00

    0.08%

    AUD/NZD

    1.0753

    0.00

    -0.32%

    NZD/USD

    0.6149

    +0.00

    0.39%

    AUD/JPY

    104.10

    +0.31

    0.29%

    SGD/AUD

    1.12

    0.00

    -0.07%

    AUD/EUR

    0.6167

    0.00

    -0.26%

    AUD/GBP

    0.5219

    +0.00

    0.35%

    AUDCAD

    0.9097

    +0.00

    0.05%

  • World

    15 June 2024   Updated : 10:12   AEDT

    CAD/USD

    0.7271

    +0.00

    0.06%

    EUR/JPY

    168.80

    +0.92

    0.55%

    EUR/USD

    1.0723

    +0.00

    0.37%

    GBP/USD

    1.2672

    0.00

    -0.24%

    USD/JPY

    157.43

    +0.30

    0.19%

    Click item/line to change chart

  • World

    15 June 2024   Updated : 10:12   AEDT

    FTSE100

    8146.86

    -16.81

    -0.21%

    DAX30

    18002.02

    -263.66

    -1.44%

    Hang Seng

    17941.78

    -170.85

    -0.94%

    Nikkei 225

    38814.56

    +94.09

    0.24%

    DJIA

    38589.16

    -57.94

    -0.15%

    S&P500

    5431.60

    -2.14

    -0.04%

    Nasdaq Comp

    17688.88

    +21.32

    0.12%

    S&P500 VIX

    12.66

    +0.72

    6.03%

    US 10-year yield

    4.213

    -0.025

    -0.590%

    USD Index

    105.22

    +0.53

    0.51%

  • Aus Stocks

    15 June 2024   Updated : 10:12   AEDT

    Amcor (US)

    9.96

    -0.08

    -0.80%

    Newmont (US)

    40.82

    +0.26

    0.64%

    Rio Tinto (UK)

    5219.00

    -17.00

    -0.32%

    BHP Group (US)

    56.83

    -0.52

    -0.91%

    Rio Tinto (US)

    66.51

    -0.41

    -0.61%

    ResMed (US)

    211.73

    -0.65

    -0.31%

    South32 (UK)

    190.10

    +0.70

    0.37%

    James Hardie (US)

    31.67

    -0.18

    -0.57%

    Janus Henderson (US)

    32.68

    -0.20

    -0.61%

    Click item/line to change chart

  • Metals & Minerals

    14 June 2024   Updated : 08:05   AEDT

    Gold (oz)

    2318.90

    -21.50

    -0.92%

    Silver (oz)

    29.00

    -0.75

    -2.52%

    Copper (lb)

    4.4900

    -0.04

    -0.96%

    Aluminium (lb)

    1.1452

    -0.01

    -0.82%

    Nickel (lb)

    7.9947

    -0.12

    -1.47%

    Zinc (lb)

    1.2929

    0.00

    -0.24%

    Copper (t)

    9784.00

    -150.00

    -1.51%

    Aluminium (t)

    2545.00

    -21.00

    -0.82%

    Nickel (t)

    17766.00

    -265.00

    -1.47%

    Zinc (t)

    2873.00

    -7.00

    -0.24%

    Uranium (lb) weekly

    85.00

    -5.00

    -5.56%

    Iron Ore (t)

    107.12

    +0.70

    0.66%

  • Energy

    14 June 2024   Updated : 08:05   AEDT

    West Texas Crude

    77.81

    -0.53

    -0.68%

    Brent Crude

    82.18

    -0.35

    -0.42%

CALENDAR

Monday, 17 June 2024
AU ANZ job advertisements
CH Industrial Production May
CH May retail sales
US Empire Manufacturing
Tuesday, 18 June 2024
AU RBA Cash Rate Target
EZ May CPI
US May Industrial Production
US May retail sales
BPT investor briefing
PMV ex-div 63c (100%)
Wednesday, 19 June 2024
NZ BoP, current account Q1

ALL WEATHER STOCKS

Code Company Price
CAR CAR GROUP LIMITED

$35.07

CSL CSL LIMITED

$289.10

REA REA GROUP LIMITED

$192.08

TNE TECHNOLOGY ONE LIMITED

$18.17

WOW WOOLWORTHS GROUP LIMITED

$32.59

WEEKLY PDF

Stories To Read From FNArena


WEEK 24

WEEK 23

WEEK 21

WEEK 20

WEEK 19

FNARENA TALKS

FNARENA WINDOWS

Window on CONSUMER PRODUCTS & SERVICES

A Bite Of The “Refreshed” Apple

Apple Intelligence has arrived and with it a whole new narrative around the extraordinary growth in market capitalisation and earnings being driven by generative Ai; what did Apple actually reveal to the market?

Jun 14 2024


Window on INSURANCE

AUB Group Shares Poised For Break-Out

The Chartist reports shares in AUB Group are readying for an upside break-out

Jun 13 2024


Window on NATGAS

Cooper Energy Ready For East Coast Gas Deficit

With the costly decommissioning of the BMG field now behind it, Cooper Energy has outlined its strategy to exploit a tight east coast gas market

Jun 13 2024