FINANCIAL NEWS

The Market In Numbers – 5 Oct 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 – 04-10-24

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

Oct 04 2024


Next Week At A Glance – 7-11 Oct 2024

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

Oct 04 2024


Quality By Any Objective Measure

New research on Objective Corp highlights potential share price upside from a suite of products focused on managing increasing data and regulatory burdens for governments and enterprises

Oct 04 2024


Weekly Top Ten News Stories – 4 October 2024

Our top ten news stories from 26 September 2024 to 03 October 2024

Oct 04 2024


Macquarie rates A4N as Initiation of coverage with Outperform

Macquarie is very upbeat on Alpha HPA, describing the company as a "disruptor" and a "technology company". While small at this stage, demand for high purity alumina demand is expected to reach around 40kt per annum.

Alpha HPA is developing a low-cost process for high purity alumina with the first project in Qld which will be the lowest cost plant globally, the broker highlights, set to challenge industry incumbents, Orica ((ORI)), BASF and Sumitomo.

The company started construction in August 2024 with the plant expected to make its first production in 4Q2024.

Macquarie rates the stock Outperform with a $1.40 target price.

Citi rates COH as Upgrade to Neutral from Sell

After a period of share price underperformance since the FY24 results, Citi upgrades Cochlear to Neutral from Sell, highlighting the stock's valuation has retreated to historical average levels of around 39x FY26 earnings.

The analyst expects the company will generate revenue and earnings growth of 10% going forward equal to the record achieved over the last 10-years.

From a macro perspective, Citi points to the circa 6m person total addressable market in developed countries, largely adults and seniors, as well as the opportunities in emerging markets for children and adults with awareness campaigns and ongoing R&D spend.

Due to a change in the cost of capital, the target price rises to $305 from $255. Neutral.

Bell Potter rates CWP as Buy

Bell Potter suggests Cedar Woods Properties' attractive position in the cycle is not currently reflected in the share price. It's also felt management can continue to scale the business and maintain earnings growth in future years.

Noting a history of conservative guidance, the broker believes management's FY25 expectation for 10% NPAT growth is more than achievable.

Buy. The broker's target rises to $7.15 from $6.50 on a lower assumed weighted average cost of capital (WACC) and after raising EPS forecasts for key projects.

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

$30.08

03 Oct
2024

-0.030

OPEN

$30.20

-0.10%

HIGH

$30.21

2,648,294

LOW

$29.91

TARGET
$27.372 -9.0% 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 236.8 224.0 xxx
DPS (cps) xxx 175.0 164.8 xxx
EPS Growth xxx - 5.3% - 5.4% xxx
DPS Growth xxx 20.3% - 5.8% xxx
PE Ratio xxx N/A 13.2 xxx
Dividend Yield xxx N/A 5.6% xxx
Div Pay Ratio(%) xxx 73.9% 73.6% xxx

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DAILY FINANCIAL NEWS

The Market In Numbers – 5 Oct 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


New research on Objective Corp highlights potential share price upside from a suite of products focused on managing increasing data and regulatory burdens for governments and enterprises

Oct 04 2024 - Small Caps


Michael Howell, founder and managing director of CrossBorder Capital, chatted with FNArena from London about global liquidity, its impact on asset markets including equities, gold, bonds and commodities

Oct 03 2024 - International


Policy announcement in the US and China spurred gains in September leaving investors in a quandary over bank exposures versus resource stocks

Oct 03 2024 - Australia


The EU tackling the big issue of embedded emissions on imports; BlueScope’s ESG credentials; power demand to surge as the world adapts and Australia’s pathway to net zero emissions

Oct 02 2024 - ESG Focus


The future looks much brighter for vehicle parts business Amotiv, but the market is not paying attention

Oct 02 2024 - Small Caps


RUDI'S VIEWS

Rudi’s View: AGL, GPT, James Hardie, Qantas, Pilbara & Xero

Updates on stock picker’s favourites and Model Portfolio adjustments

Oct 03 2024

DAILY MARKET REPORTS

ASX Winners And Losers Of Today – 04-10-24

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

Oct 04 2024


The Overnight Report: The Risk Of Escalation

A global perspective on what happened overnight

Oct 04 2024


Today’s Financial Calendar – 04-10-2024

Significant Scheduled Events For 04 October, 2024

Oct 04 2024


ASX Winners And Losers Of Today – 03-10-24

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

Oct 03 2024


Australian Broker Call *Extra* Edition – Oct 03, 2024

Extra Edition of the Broker Call Report

Oct 03 2024


The Overnight Report: Looking For Direction

A global perspective on what happened overnight

Oct 03 2024


Today’s Financial Calendar – 03-10-2024

Significant Scheduled Events For 03 October, 2024

Oct 03 2024


WEEKLY REPORTS

Next Week At A Glance – 7-11 Oct 2024

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

Oct 04 2024

Weekly Top Ten News Stories – 4 October 2024

Our top ten news stories from 26 September 2024 to 03 October 2024

Oct 04 2024

In Case You Missed It – BC Extra Upgrades & Downgrades – 04-10-24

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

Oct 04 2024


In Brief: Collins Food, Domino’s, Guzman y Gomez & Artrya

Weekly Broker Wrap: What’s brewing in the quick service sector; cardiac CT diagnosis company Artrya gets an AI boost; special dividends make a comeback

Oct 04 2024

The Short Report – 03 Oct 2024

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

Oct 03 2024

Uranium Week: Uranium Joins The China Rally

Global momentum for nuclear energy generation supported buying interest in the uranium spot price market while analyst remain positive on the longer-term price outlook and challenged supply dynamics

Oct 01 2024


Australian Listed Real Estate Tables – 30-09-2024

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

Sep 30 2024

Weekly Ratings, Targets, Forecast Changes – 27-09-24

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

Sep 30 2024

Next Week At A Glance – 30 Sep-4 Oct 2024

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

Sep 27 2024


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THE MARKETS

    Click item/line to change chart

  • Australia

    05 October 2024   Updated : 11:12   AEDT

    SPI Overnight

    8216.00

    -26.00

    -0.32%

    NZ50

    12619.940

    +47.280

    0.380%

    All Ordinaries

    8416.60

    -57.70

    -0.68%

    S&P ASX 200

    8150.00

    -55.20

    -0.67%

    S&P ASX 300

    8091.00

    -55.00

    -0.68%

    Communication Services

    1598.70

    -2.30

    -0.14%

    Consumer Discretionary

    3742.60

    -12.90

    -0.34%

    Consumer Staples

    12293.60

    -71.50

    -0.58%

    Energy

    9495.20

    +171.50

    1.84%

    Financials

    8029.80

    -84.40

    -1.04%

    Health Care

    44580.20

    +48.70

    0.11%

    Industrials

    7358.10

    -24.10

    -0.33%

    Info Technology

    2659.00

    -31.20

    -1.16%

    Materials

    17760.50

    -211.70

    -1.18%

    Real Estate

    4067.10

    -37.20

    -0.91%

    Utilities

    9060.30

    -56.10

    -0.62%

    A-REITs

    1855.50

    -16.40

    -0.88%

    All Technology Index

    3461.90

    -3.70

    -0.11%

    Banks

    3345.20

    -51.40

    -1.51%

    Gold Index

    8616.10

    +68.70

    0.80%

    Metals & Mining

    5809.40

    -78.40

    -1.33%

    Click item/line to change chart

  • Australasia

    05 October 2024   Updated : 11:12   AEDT

    AUD/USD

    0.6822

    0.00

    -0.26%

    AUD/NZD

    1.1075

    +0.00

    0.41%

    NZD/USD

    0.6160

    0.00

    -0.66%

    AUD/JPY

    101.49

    +1.33

    1.33%

    SGD/AUD

    1.13

    +0.00

    0.18%

    AUD/EUR

    0.6217

    +0.00

    0.23%

    AUD/GBP

    0.5199

    +0.00

    0.08%

    AUDCAD

    0.9268

    0.00

    -0.09%

  • World

    05 October 2024   Updated : 11:12   AEDT

    CAD/USD

    0.7363

    0.00

    -0.15%

    EUR/JPY

    163.25

    +1.76

    1.09%

    EUR/USD

    1.0982

    0.00

    -0.41%

    GBP/USD

    1.3121

    0.00

    -0.35%

    USD/JPY

    148.73

    +2.27

    1.55%

    Click item/line to change chart

  • World

    05 October 2024   Updated : 11:12   AEDT

    FTSE100

    8280.63

    -1.89

    -0.02%

    DAX30

    19120.93

    +105.52

    0.55%

    Hang Seng

    22736.87

    +623.36

    2.82%

    Nikkei 225

    38635.62

    +83.56

    0.22%

    DJIA

    42352.75

    +341.16

    0.81%

    S&P500

    5751.07

    +51.13

    0.90%

    Nasdaq Comp

    18137.85

    +219.38

    1.22%

    S&P500 VIX

    19.21

    -1.28

    -6.25%

    US 10-year yield

    3.954

    +0.104

    2.700%

    USD Index

    101.98

    +0.35

    0.34%

  • Aus Stocks

    05 October 2024   Updated : 11:12   AEDT

    Amcor (US)

    11.20

    +0.05

    0.45%

    Newmont (US)

    53.34

    +0.14

    0.26%

    Rio Tinto (UK)

    5298.00

    -27.00

    -0.51%

    BHP Group (US)

    60.57

    -0.32

    -0.53%

    Rio Tinto (US)

    69.70

    -0.13

    -0.19%

    ResMed (US)

    233.98

    -4.45

    -1.87%

    South32 (UK)

    191.40

    -1.30

    -0.67%

    James Hardie (US)

    37.74

    -0.39

    -1.02%

    Janus Henderson (US)

    38.94

    +1.29

    3.43%

    Click item/line to change chart

  • Metals & Minerals

    04 October 2024   Updated : 07:34   AEDT

    Gold (oz)

    2675.90

    -4.20

    -0.16%

    Silver (oz)

    32.29

    +0.18

    0.56%

    Copper (lb)

    4.5450

    -0.12

    -2.58%

    Aluminium (lb)

    1.1880

    -0.02

    -1.64%

    Nickel (lb)

    8.0213

    -0.18

    -2.17%

    Zinc (lb)

    1.4040

    -0.04

    -2.44%

    Copper (t)

    9902.00

    -210.00

    -2.08%

    Aluminium (t)

    2640.00

    -44.00

    -1.64%

    Nickel (t)

    17825.00

    -396.00

    -2.17%

    Zinc (t)

    3120.00

    -78.00

    -2.44%

    Uranium (lb) weekly

    82

    +2.75

    3.47%

    Iron Ore (t)

    108.31

    -0.98

    -0.90%

  • Energy

    04 October 2024   Updated : 07:34   AEDT

    West Texas Crude

    73.69

    +2.69

    3.79%

    Brent Crude

    77.64

    +2.98

    3.99%

CALENDAR

Monday, 7 October 2024
AU Public Holiday
CH Public Holiday
US Aug Consumer Credit
RIC ex-div 4.65c (100%)
Tuesday, 8 October 2024
AU ANZ job ads
AU NAB business confidence
AU Sept RBA minutes
JP Aug BoP
US Sept NFIB
PRN ex-div 4c (6%)
REH ex-div 17.75c (100%)
Wednesday, 9 October 2024

ALL WEATHER STOCKS

Code Company Price
CAR CAR GROUP LIMITED

$37.14

CSL CSL LIMITED

$288.93

REA REA GROUP LIMITED

$213.25

TNE TECHNOLOGY ONE LIMITED

$24.25

WOW WOOLWORTHS GROUP LIMITED

$32.98

WEEKLY PDF

Stories To Read From FNArena


WEEK 40

WEEK 39

WEEK 38

WEEK 37

WEEK 36

FNARENA TALKS

FNARENA WINDOWS

Window on IT & SUPPORT

Quality By Any Objective Measure

New research on Objective Corp highlights potential share price upside from a suite of products focused on managing increasing data and regulatory burdens for governments and enterprises

Oct 04 2024


Window on AUTOMOBILES & COMPONENTS

Amotiv’s Potential Going Unnoticed

The future looks much brighter for vehicle parts business Amotiv, but the market is not paying attention

Oct 02 2024


Window on HOUSEHOLD & PERSONAL PRODUCTS

Breville’s Replacement Cycle Tailwind

After materially raising targets for Breville Group following FY24 results, brokers contemplate further upside from the replacement cycle and ongoing outperformance relative to peers

Oct 02 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


FEATURE STORIES

Rudi’s Comprehensive August 2024 Review

A compilation of stories relating to the August 2024 corporate reporting season in Australia, including FNArena’s final balance for the season

Sep 27 2024