FINANCIAL NEWS
The Market In Numbers – 27 Jul 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 – 26-07-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Jul 26 2024
Next Week At A Glance – 29 Jul-2 Aug 2024
A brief look at important company events and economic data releases next week
Jul 26 2024
Investors Are Seeking The Right Answers To The Wrong Questions
Investors are paying too much attention to Fed rate cuts while company fundamentals should be their focus, argues Robert Almeida, Portfolio Manager and Global Investment Strategist, MFS Investment Management
Jul 26 2024
Weekly Top Ten News Stories – 26 July 2024
Our top ten news stories from 18 July 2024 to 25 July 2024
Jul 26 2024
Bell Potter rates COG as Buy
Underlying growth and profitability for novated leases resulted in a "solid" 4Q trading update by COG Financial Services, Bell Potter comments.
For the Broking and Aggregation segment, unaudited FY24 segment profit (NPATA) of $11.1m compared to $13.2m in FY23, while Novated delivered $8.5m of profit, up from $4.0m. Asset Management's profit was $6.9m, down from $10.1m in FY23.
The broker is expecting circa 17% organic volume growth for Novated, driven by good leasing demand from private employees and record car sales.
The Buy rating is retained, and the target price increases to $1.75 from $1.70.
Citi rates COL as Buy
Coles Group will be organising an investor day on November 14. Citi analysts believe the focus will be on the balance sheet as that looks under-geared and thus opens up the possibility of more capital management.
On Citi's calculations, there should be room for up to $1.3bn over the next two years. Estimates have been slightly reduced on lower earnings projected for Liquor and Property.
Buy. Target $19. Coles Group remains the broker's Top Pick in the sector, with the analyst expecting reductions in theft to drive gross
margin expansion in 2H24.
Macquarie rates SEK as Neutral
Seek has announced a -$120m or -21% impairment on the carrying value of its 23.5% stake in Zhaopin due largely to the slow Chinese economy and competition.
Seek also announced its net proceeds outstanding from the final tranche from its sell-down several years ago is now $75m, down from a prior $96m.
Macquarie has cut earnings forecasts in FY24-26 by -3-5% reflecting softer Zhaopin conditions as per the announcement and assumption for continued weakness into FY25-FY26.
Given the broker's valuation for Zhaopin was already below the written-down carrying value, there is no change to the $23 target. Neutral retained.
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 |
|---|---|---|---|
|
$29.32 25 Jul |
OPEN $29.25 |
HIGH $29.41 |
4,402,556 LOW $29.23 |
-0.170| TARGET | |||
| $27.588 -5.9% downside | |||
| Franking for last dividend paid out: 65% |
| Title | FY22 Actual |
FY23 Actual |
FY24 Forecast |
FY25 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | 236.8 | 225.6 | xxx |
| DPS (cps) | xxx | 175.0 | 165.0 | xxx |
| EPS Growth | xxx | - 5.3% | - 4.7% | xxx |
| DPS Growth | xxx | 20.3% | - 5.7% | xxx |
| PE Ratio | xxx | N/A | 12.9 | xxx |
| Dividend Yield | xxx | N/A | 5.7% | xxx |
| Div Pay Ratio(%) | xxx | 73.9% | 73.1% | xxx |
DAILY FINANCIAL NEWS
The Market In Numbers – 27 Jul 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
Investors are paying too much attention to Fed rate cuts while company fundamentals should be their focus, argues Robert Almeida, Portfolio Manager and Global Investment Strategist, MFS Investment Management
Jul 26 2024 - International
Tony Sycamore, Market Analyst IG, has updated his technical views on the Nasdaq, the ASX200 and gold
Jul 25 2024 - Technicals
Brokers are effusive over the opportunity the electrification of Australia offers to Southern Cross Electrical’s group of companies servicing diverse sectors of operation
Jul 24 2024 - Small Caps
Tony Sycamore, Market Analyst IG, shares his technical views on the Nasdaq, the ASX200 and WTI crude oil
Jul 24 2024 - Technicals
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s idea is JB Hi-Fi
Jul 23 2024 - Treasure Chest
PR NEWSWIRE
Vantage Australia Explores HealthTech’s Future in the Latest Episode of The Vantage View
Jul 26 2024 - PR NewsWire
Syrius Technology Showcases its Innovative Picking Solutions at CeMAT Australia 2024
Jul 26 2024 - PR NewsWire
STONE Accounting Group Announces Strategic Rebranding and Business Expansion
Jul 26 2024 - PR NewsWire
Vantage Foundation Partners with Backpack 4 VIC Kids to Support Vulnerable Children in Victoria
Jul 25 2024 - PR NewsWire
Cisco and Rockwell Automation to Accelerate Digital Transformation of the Asia Pacific Industrial Market
Jul 25 2024 - PR NewsWire
Allianz Partners Australia Simplifies Travel Insurance Purchase for Singapore Airlines Passengers with Integrated Purchase Model
Jul 25 2024 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: How To Invest Allan’s $300k, Part 2
Part Two of this week’s Weekly Insights on how to invest $300k
Jul 25 2024
DAILY MARKET REPORTS
ASX Winners And Losers Of Today – 26-07-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Jul 26 2024
The Overnight Report: Tech Out, Value In
A global perspective on what happened overnight
Jul 26 2024
ASX Winners And Losers Of Today – 25-07-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Jul 25 2024
Australian Broker Call *Extra* Edition – Jul 25, 2024
Extra Edition of the Broker Call Report
Jul 25 2024
The Overnight Report: More Sellers Than Buyers
A global perspective on what happened overnight
Jul 25 2024
WEEKLY REPORTS
Next Week At A Glance – 29 Jul-2 Aug 2024
A brief look at important company events and economic data releases next week
Jul 26 2024
Weekly Top Ten News Stories – 26 July 2024
Our top ten news stories from 18 July 2024 to 25 July 2024
Jul 26 2024
In Case You Missed It – BC Extra Upgrades & Downgrades – 26-07-24
A summary of the highlights from Broker Call Extra updates throughout the week past
Jul 26 2024
In Brief: Data Centres, Reckon & Consumers
Weekly Broker Wrap: AI exposure on the ASX via data centres; upside potential for Reckon; and is the Australian consumer turning the corner?
Jul 26 2024
The Short Report – 25 Jul 2024
FNArena’s weekly update on short positions in the Australian share market
Jul 25 2024
Uranium Week: Paladin’s First Shipment
The Australian uranium sector witnessed another milestone as Paladin Energy reported its first shipment in July
Jul 23 2024
Weekly Update On LICs & LITs – 23-Jul-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Jul 23 2024
Australian Listed Real Estate Tables – 22-07-2024
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Jul 22 2024
Weekly Ratings, Targets, Forecast Changes – 19-07-24
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Jul 22 2024
THE MARKETS
-
Australia
27 July 2024 Updated : 13:12 AEDT
SPI Overnight
7865.00
+33.00
0.42%
NZ50
12349.470
-46.800
-0.380%
All Ordinaries
8153.40
+59.10
0.73%
S&P ASX 200
7921.30
+60.10
0.76%
S&P ASX 300
7856.90
+58.70
0.75%
Communication Services
1530.90
+0.70
0.05%
Consumer Discretionary
3695.00
+22.80
0.62%
Consumer Staples
12645.00
-28.00
-0.22%
Energy
9764.70
+81.60
0.84%
Financials
7913.60
+41.80
0.53%
Health Care
45821.90
+330.60
0.73%
Industrials
7015.10
+46.90
0.67%
Info Technology
2275.00
+16.20
0.72%
Materials
16764.60
+235.30
1.42%
Real Estate
3692.30
+47.40
1.30%
Utilities
8953.30
+25.40
0.28%
A-REITs
1685.20
+21.40
1.29%
All Technology Index
3078.20
+9.90
0.32%
Banks
3329.20
+11.80
0.36%
Gold Index
7847.30
-211.90
-2.63%
Metals & Mining
5469.00
+79.30
1.47%
-
World
27 July 2024 Updated : 13:12 AEDT
CAD/USD
0.7231
0.00
-0.11%
EUR/JPY
167.16
-0.28
-0.17%
EUR/USD
1.0873
+0.00
0.18%
GBP/USD
1.2868
0.00
-0.02%
USD/JPY
153.75
-0.52
-0.34%
-
Aus Stocks
27 July 2024 Updated : 13:12 AEDT
Amcor (US)
10.38
+0.23
2.27%
Newmont (US)
46.73
+1.03
2.25%
Rio Tinto (UK)
5037.00
+61.50
1.24%
BHP Group (US)
55.38
+0.59
1.08%
Rio Tinto (US)
65.06
+0.73
1.13%
ResMed (US)
197.04
-11.30
-5.42%
South32 (UK)
152.80
+2.40
1.60%
James Hardie (US)
35.08
+0.74
2.15%
Janus Henderson (US)
36.55
+0.29
0.80%
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Click item/line to change chart
CALENDAR
Tuesday, 30 July 2024
AU Building approvals EZ 2Q GDP US july consumer confidence CCP earnings report CIA 1Q25 Earnings IGO Quarter report PNI earnings report PRU Quarter Report TNE investor briefing Wednesday, 31 July 2024
NZ ANZ business confidence NZ building approvals AU 2Q CPI ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$34.07 CSL CSL LIMITED 
$308.05 REA REA GROUP LIMITED
$195.32 TNE TECHNOLOGY ONE LIMITED
$19.36 WOW WOOLWORTHS GROUP LIMITED
$34.21 WEEKLY PDF
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FNARENA TALKS
Rudi: AI is the end of investing as we know it
Jun 10 2024
Rudi Unplugged, 10 April 2024
Apr 11 2024
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Click item/line to change chart
FNARENA WINDOWS
Window on INDUSTRIAL SECTOR CONTRACTORS & ENGINEERS
It’s Electric Under The Southern Cross
Brokers are effusive over the opportunity the electrification of Australia offers to Southern Cross Electrical’s group of companies servicing diverse sectors of operation
Jul 24 2024
Window on URANIUM
Uranium Week: Paladin’s First Shipment
The Australian uranium sector witnessed another milestone as Paladin Energy reported its first shipment in July
Jul 23 2024
Window on CONSUMER ELECTRONICS
Treasure Chest: JB Hi-Fi
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s idea is JB Hi-Fi
Jul 23 2024
SMSFUNDAMENTALS
SMSFundamentals: Leveraging Mean Reversion For Decisive Investment Returns
A mean reversion strategy can yield favourable returns but it’s not by default as easy as it looks like in hindsight
Jun 12 2024