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.
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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 |
|---|---|---|---|
|
$30.08 03 Oct |
OPEN $30.20 |
HIGH $30.21 |
2,648,294 LOW $29.91 |
-0.030| TARGET | |||
| $27.372 -9.0% downside | |||
| Franking for last dividend paid out: 65% |
| 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 |
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
PR NEWSWIRE
Darwin welcomes Vespucci, Villaggio Italia opens Saturday announcement by ANSA in collaboration with Difesa Servizi
5:01 AM - PR NewsWire
First Patient Dosed in Phase II ‘CA-NINE’ Trial of TLX250-CDx for Detection of Recurrent Kidney Cancer After Surgery
Oct 04 2024 - PR NewsWire
Phosphorus Expands Footprint into Asia Pacific and Japan
Oct 03 2024 - PR NewsWire
Visa Data Reveals Travel Spending Boost During Annual Signature Race Week
Oct 03 2024 - PR NewsWire
BrightNight Secures Development Approval for Victoria’s Largest Hybrid Renewable Energy Project
Oct 03 2024 - PR NewsWire
Gold Fields Taps ExoSphere To Advance Exploration at Salares Norte in Chile
Oct 03 2024 - PR NewsWire
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
THE MARKETS
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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%
-
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%
-
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%
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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
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WEEK 36
FNARENA TALKS
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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