FINANCIAL NEWS

FNArena Corporate Results Monitor – 29-02-2024

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

2:49 PM


February Small Cap Winners & Losers

Profit season brings out the best and worst in small caps, and sometimes both at once, reports The New Criterion’s Tim Boreham

11:15 AM


The Short Report – 29 Feb 2024

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

10:48 AM


Australian Broker Call *Extra* Edition – Feb 29, 2024

Extra Edition of the Broker Call Report

10:00 AM


The Overnight Report: One More Sleep

Waiting for the US PCE date has been interminable. S&P500 down -0.2%. (Available for non-subscribers after 10am)

9:12 AM


UBS rates FLT as Neutral

Further to the first half result from Flight Centre Travel, which slightly missed forecasts, UBS reduces FY24-27 estimates for EBITDA by -2-4%.

The broker points out management has observed no discernible deterioration in consumer sentiment and leisure demand remains strong with 65% of corporates expecting higher travel expenditure in 2024. Reduced airfares should also support demand.

UBS finds the risk/reward balanced given uncertainty surrounding the execution on the 2% pre-tax profit target for FY25. Neutral retained. Target is reduced to $22.50 from $23.00.

Morgans rates MTO as Hold

First half profit for Motorcycle Holdings was down -6% on Morgans forecast, while earnings (EBITDA) -pre-AASB- of $14.2m were inside the $14-16m range guided by management.

There was improving trade in January/February, and management further noted the company's market share of new motorcycles is continuing to grow and the product range is expanding.

The broker's Hold rating is maintained and the target reduced to $1.90 from $1.95. It's felt the operating performance will improve in the 2H.

An interim dividend of 3cps was declared. The analyst forecasts a 7cps final dividend.

Citi rates PPT as Neutral

Citi assesses the prospects for Perpetual remain dependent on the outcome of the strategic review and the benefits of a separate future for Corporate Trust and Wealth Management divisions. Without the ensuing benefits the broker believes the outlook will be difficult.

Citi lowers FY25 and FY26 estimates for EPS by -2% and maintains that investors need to decide whether to gamble on a positive outcome from the strategic review or remain on the sidelines. Neutral retained. Target is reduced to $25.70 from $26.30.

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ANALYSIS & DATA

FNARENA'S MARKET CONSENSUS FORECASTS

To display the stock analysis for a company please enter the company code:

FLT | FLIGHT CENTRE TRAVEL GROUP LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$20.89

28 Feb
2024

-0.840

OPEN

$21.36

-3.87%

HIGH

$21.43

3,551,302

LOW

$19.88

TARGET
$24.512 17.3% upside
Franking for last dividend paid out: 100%
FNARENA'S MARKET CONSENSUS FORECASTS
FLT: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 95.7 xxx
DPS (cps) xxx N/A 27.2 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 22.2 xxx
Dividend Yield xxx N/A 1.3% xxx
Div Pay Ratio(%) xxx N/A 28.5% xxx

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DAILY FINANCIAL NEWS

FNArena Corporate Results Monitor – 29-02-2024

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

2:49 PM - Australia


Profit season brings out the best and worst in small caps, and sometimes both at once, reports The New Criterion’s Tim Boreham

11:15 AM - Small Caps


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

Feb 28 2024 - Australia


The New Criterion’s Tim Boreham explains the business case for Cochlear

Feb 28 2024 - Australia


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

Feb 27 2024 - Australia


Shares in Aristocrat Leisure are breaking out to the upside after a period of sideways movement, Michael Gable of Fairmont Equities reports

Feb 27 2024 - Technicals


RUDI'S VIEWS

Rudi’s View: Week 3 – Not As Good, But Not Bad

Week 3: Not As Good, But Not Bad By Rudi Filapek-Vandyck, Editor As the local corporate results season went through…

Feb 28 2024

DAILY MARKET REPORTS

Australian Broker Call *Extra* Edition – Feb 29, 2024

Extra Edition of the Broker Call Report

10:00 AM


The Overnight Report: One More Sleep

Waiting for the US PCE date has been interminable. S&P500 down -0.2%. (Available for non-subscribers after 10am)

9:12 AM


Today’s Financial Calendar – 29-02-2024

Significant Scheduled Events For 29 February, 2024

8:15 AM


ASX Winners And Losers Of Today – 28-02-24

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

Feb 28 2024


Australian Broker Call *Extra* Edition – Feb 28, 2024

Extra Edition of the Broker Call Report

Feb 28 2024


The Overnight Report: Still Holding

The holding pattern continued on Wall Street last night, with the PCE not until Thursday night. S&P500 up 0.2%. (Available for non-subscribers after 10am)

Feb 28 2024


Today’s Financial Calendar – 28-02-2024

Significant Scheduled Events For 28 February, 2024

Feb 28 2024


WEEKLY REPORTS

The Short Report – 29 Feb 2024

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

10:48 AM

Uranium Week: No Sanctions On Russian Imports

While 500 more sanctions have now been placed on Russia, uranium imports are not included

Feb 27 2024

Australian Listed Real Estate Tables – 27-02-2024

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

Feb 27 2024


Weekly Ratings, Targets, Forecast Changes – 23-02-24

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

Feb 26 2024

Next Week At A Glance – Feb 26-Mar 1 2024

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

Feb 23 2024

Weekly Top Ten News Stories – 23 February 2024

Our top ten news stories from 15 February 2024 to 22 February 2024

Feb 23 2024


In Case You Missed It – BC Extra Upgrades & Downgrades – 23-02-24

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

Feb 23 2024

The Short Report – 22 Feb 2024

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

Feb 22 2024

Uranium Week: Follow The Leader

The spot uranium market fell victim last week to general financial market weakness following the latest US CPI data

Feb 20 2024


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THE MARKETS

    Click item/line to change chart

  • Australia

    29 February 2024   Updated : 15:12   AEDT

    SPI Overnight

    7618.00

    -11.00

    -0.14%

    NZ50

    11692.630

    -70.690

    -0.600%

    All Ordinaries

    7945.20

    +28.10

    0.35%

    S&P ASX 200

    7686.20

    +25.80

    0.34%

    S&P ASX 300

    7639.70

    +28.10

    0.37%

    Communication Services

    1590.80

    +7.90

    0.50%

    Consumer Discretionary

    3580.90

    +36.50

    1.03%

    Consumer Staples

    12197.20

    +100.20

    0.83%

    Energy

    10433.70

    +39.30

    0.38%

    Financials

    7235.10

    +0.20

    0.00%

    Health Care

    42851.80

    +121.30

    0.28%

    Industrials

    7032.50

    +39.30

    0.56%

    Info Technology

    2204.80

    +7.80

    0.36%

    Materials

    17531.00

    +23.30

    0.13%

    Real Estate

    3503.70

    +48.90

    1.42%

    Utilities

    8022.30

    -31.70

    -0.39%

    A-REITs

    1586.70

    +21.70

    1.39%

    All Technology Index

    3062.00

    +32.10

    1.06%

    Banks

    2998.20

    -1.20

    -0.04%

    Gold Index

    6228.30

    +77.90

    1.27%

    Metals & Mining

    5704.80

    +3.80

    0.07%

    Click item/line to change chart

  • Australasia

    29 February 2024   Updated : 15:12   AEDT

    AUD/USD

    0.6516

    +0.00

    0.29%

    AUD/NZD

    1.0671

    +0.00

    0.23%

    NZD/USD

    0.6106

    +0.00

    0.08%

    AUD/JPY

    97.63

    -0.33

    -0.33%

    SGD/AUD

    1.14

    0.00

    -0.17%

    AUD/EUR

    0.6013

    +0.00

    0.05%

    AUD/GBP

    0.5144

    +0.00

    0.04%

    AUDCAD

    0.8844

    +0.00

    0.26%

  • World

    29 February 2024   Updated : 15:12   AEDT

    CAD/USD

    0.7368

    +0.00

    0.04%

    EUR/JPY

    162.33

    -0.64

    -0.40%

    EUR/USD

    1.0835

    +0.00

    0.24%

    GBP/USD

    1.2667

    +0.00

    0.25%

    USD/JPY

    149.82

    -0.96

    -0.64%

    Click item/line to change chart

  • World

    29 February 2024   Updated : 15:12   AEDT

    FTSE100

    7624.98

    -58.04

    -0.76%

    DAX30

    17601.22

    +44.73

    0.25%

    Hang Seng

    16561.53

    +24.68

    0.15%

    Nikkei 225

    39005.90

    -202.13

    -0.52%

    DJIA

    38949.02

    -23.39

    -0.06%

    S&P500

    5069.76

    -8.42

    -0.17%

    Nasdaq Comp

    15947.74

    -87.56

    -0.55%

    S&P500 VIX

    13.84

    +0.41

    3.05%

    US 10-year yield

    4.274

    -0.041

    -0.950%

    USD Index

    103.93

    +0.12

    0.12%

  • Aus Stocks

    29 February 2024   Updated : 15:12   AEDT

    Amcor (US)

    8.87

    -0.08

    -0.89%

    Newmont (US)

    29.87

    +0.01

    0.03%

    Rio Tinto (UK)

    5041.80

    -70.20

    -1.37%

    BHP Group (US)

    57.09

    -0.65

    -1.13%

    Rio Tinto (US)

    63.96

    -1.02

    -1.57%

    ResMed (US)

    173.96

    -7.03

    -3.88%

    South32 (UK)

    143.60

    -2.80

    -1.91%

    James Hardie (US)

    38.85

    +0.03

    0.08%

    Janus Henderson (US)

    30.84

    -0.22

    -0.71%

    Click item/line to change chart

  • Metals & Minerals

    29 February 2024   Updated : 07:38   AEDT

    Gold (oz)

    2033.50

    +4.70

    0.23%

    Silver (oz)

    22.41

    -0.01

    -0.04%

    Copper (lb)

    3.8070

    -0.01

    -0.39%

    Aluminium (lb)

    0.9864

    0.00

    -0.36%

    Nickel (lb)

    7.9695

    +0.08

    0.97%

    Zinc (lb)

    1.0867

    0.00

    -0.17%

    Copper (t)

    8460.00

    -33.00

    -0.39%

    Aluminium (t)

    2192.00

    -8.00

    -0.36%

    Nickel (t)

    17710.00

    +170.00

    0.97%

    Zinc (t)

    2415.00

    -4.00

    -0.17%

    Uranium (lb) weekly

    95.00

    -7.00

    -6.86%

    Iron Ore (t)

    113.88

    -1.80

    -1.56%

  • Energy

    29 February 2024   Updated : 07:38   AEDT

    West Texas Crude

    78.37

    -0.29

    -0.37%

    Brent Crude

    83.46

    +0.02

    0.02%

CALENDAR

Thursday, 29 February 2024
NZ business confidence, Feb
AU private sector capex, Q4
AU retail sales, Jan
JP industrial production, Jan
JP retail sales, Jan
CH PMIs, Feb
US PCE inflation, Jan
A1N ex-div 3.6c (100%)
ALD ex-div 180c (100%)
ALX earnings report
AMX earnings report
AUB ex-div 20c (100%)
AVH earnings report

ALL WEATHER STOCKS

Code Company Price
CAR CAR GROUP LIMITED

$36.66

CSL CSL LIMITED

$286.77

REA REA GROUP LIMITED

$193.27

TNE TECHNOLOGY ONE LIMITED

$16.90

WOW WOOLWORTHS GROUP LIMITED

$32.91

WEEKLY PDF

Stories To Read From FNArena


WEEK 8

WEEK 7

WEEK 6

WEEK 5

WEEK 4

FNARENA TALKS

FNARENA WINDOWS

Window on MEDICAL EQUIPMENT & DEVICES

Dr Boreham’s Crucible: Cochlear

The New Criterion’s Tim Boreham explains the business case for Cochlear

Feb 28 2024


Window on URANIUM

Uranium Week: No Sanctions On Russian Imports

While 500 more sanctions have now been placed on Russia, uranium imports are not included

Feb 27 2024


Window on GAMING

Aristocrat Leisure: Breaking Out

Shares in Aristocrat Leisure are breaking out to the upside after a period of sideways movement, Michael Gable of Fairmont Equities reports

Feb 27 2024


FEATURE STORIES

2024 Outlook: Global And Local

Soft landing? Recession? Inflation falling? Central banks easing? There remain questions as to how 2024 will play out

Dec 20 2023