FINANCIAL NEWS

The Market In Numbers – 14 Sep 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

Sep 14 2024


ASX Winners And Losers Of Today – 13-09-24

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

Sep 13 2024


Next Week At A Glance – 16-20 Sep 2024

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

Sep 13 2024


In Case You Missed It – BC Extra Upgrades & Downgrades – 13-09-24

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

Sep 13 2024


Weekly Top Ten News Stories – 13 Sep 2024

Our top ten news stories from 05 September 2024 to 12 September 2024

Sep 13 2024


Bell Potter rates DRE as Downgrade to Hold from Speculative Buy

Bell Potter lowers its target for Dreadnought Resources to 2c from 15c and downgrades to Hold from Speculative Buy. Management is increasing exploration for niobium across its Mangaroon project and focusing less on rare earths, explains the broker.

This is a similar move to near neighbour Hastings Rare Earths ((HAS)), observes Bell Potter, which has pivoted to a niobium by-product stream at its Yangibana project.

In the event rare earth pricing recovers, the analysts see some chance for consolidation of the Yangibana and Mangaroon
tenements, but at this point talk of consolidation is highly speculative.

Morgan Stanley rates IEL as Overweight

Morgan Stanley's Overweight rating for IDP Education is supported by a forecast rebound in FY26/27 earnings as the impact of regulatory settings unwinds plus a strategic shift relating to the Chinese market. 

Management announced a "meaningful" change to its China IELTS go-to-market strategy, observes the broker, which is underappreciated by the wider market.

IDP's new direct market entry to China IELTS provides access to an additional $380m total addressable market (TAM), explain the analysts, diversifying avenues for growth in FY26/27.

The target rises to $21.50 from $19.50. Overweight. Industry view: In Line.

Macquarie rates IPH as Outperform

Macquarie observes the August filing volumes for IPH fell -23.8% against a decline in the market of -16.6%.

The company's market share eased to 28.8% in August compared to the year-to-date of 31.2%. Macquarie highlights around 70% of the company's income is recurring.

IPH is expected to experience a stabilisation of market share in Australia, a return to growth in Asia and increased synergies from Canada, the analyst highlights with the Bereskin & Parr acquistion anticipated for completion in late-September.

An Outperform rating with a $7.31 target price are instated post a period of restriction.

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

$31.15

16 Sep
2024

0.000

OPEN

$31.15

0.000

HIGH

$31.15

0

LOW

$31.15

TARGET
$27.372 -12.1% 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 236.8 224.0 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 13.9 xxx
Dividend Yield xxx N/A 5.3% xxx
Div Pay Ratio(%) xxx 73.9% 73.6% xxx

FOLLOW US ON SOCIAL MEDIA

FIND FNARENA ON

DAILY FINANCIAL NEWS

The Market In Numbers – 14 Sep 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

Sep 14 2024 - Australia


A glance through the latest expert views and predictions about commodities: Two brokers anticipate a material lithium price rally, and analysts review iron ore and base metals price forecasts

Sep 12 2024 - Commodities


New broker research on Northern Star Resources highlights production growth from current investment along with a rising dividend profile

Sep 12 2024 - Australia


Independent Investment Research updates developments among Australia’s listed investment companies and provides comparative data

Sep 12 2024 - Australia


Analysts approve of ARB Corp’s two US acquisitions which are expected to build brand awareness and provide medium-term upside

Sep 11 2024 - Small Caps


Earlier today, Tony Sycamore, Market Analyst, IG shared his technical analysis inspired views on the Nasdaq, the ASX200 and crude oil

Sep 11 2024 - Technicals


RUDI'S VIEWS

Rudi’s View: Key Picks, Best Buys & Conviction Calls

Post-August updates on stock picker’s favourites and Model Portfolio adjustments

Sep 12 2024

DAILY MARKET REPORTS

ASX Winners And Losers Of Today – 13-09-24

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

Sep 13 2024


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

Extra Edition of the Broker Call Report

Sep 13 2024


Today’s Financial Calendar – 13-09-2024

Significant Scheduled Events For 13 September, 2024

Sep 13 2024


The Overnight Report: Happy Frijay

A global perspective on what happened overnight

Sep 13 2024


ASX Winners And Losers Of Today – 12-09-24

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

Sep 12 2024


The Overnight Report: Cats & Dogs & Equity Bulls

A global perspective on what happened overnight

Sep 12 2024


Today’s Financial Calendar – 12-09-2024

Significant Scheduled Events For 12 September, 2024

Sep 12 2024


WEEKLY REPORTS

Next Week At A Glance – 16-20 Sep 2024

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

Sep 13 2024

In Case You Missed It – BC Extra Upgrades & Downgrades – 13-09-24

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

Sep 13 2024

Weekly Top Ten News Stories – 13 Sep 2024

Our top ten news stories from 05 September 2024 to 12 September 2024

Sep 13 2024


In Brief: Banks vs Miners, MinRes, Paladin & Steadfast

Weekly Broker Wrap: Volatility is proving to be the name of the game in September with this week proving to be no exception

Sep 13 2024

The Short Report – 12 Sep 2024

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

Sep 12 2024

Weekly Update On LICs & LITs – 10-Sep-2024

Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX

Sep 10 2024


Uranium Week: Momentum Is Building

Will the market increasingly look to the disconnect between U308 spot versus contract term prices as a buy signal for sold down uranium equities?

Sep 10 2024

Australian Listed Real Estate Tables – 09-09-2024

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

Sep 09 2024

Weekly Ratings, Targets, Forecast Changes – 06-09-24

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

Sep 09 2024


FOLLOW US ON SOCIAL MEDIA

FIND FNARENA ON

THE MARKETS

    Click item/line to change chart

  • Australia

    15 September 2024   Updated : 20:12   AEDT

    SPI Overnight

    8119.00

    +49.00

    0.61%

    NZ50

    12832.550

    +12.270

    0.100%

    All Ordinaries

    8323.50

    +30.40

    0.37%

    S&P ASX 200

    8099.90

    +24.20

    0.30%

    S&P ASX 300

    8032.60

    +24.50

    0.31%

    Communication Services

    1589.30

    -9.00

    -0.56%

    Consumer Discretionary

    3774.70

    -1.90

    -0.05%

    Consumer Staples

    12731.80

    +4.80

    0.04%

    Energy

    8634.20

    +71.70

    0.84%

    Financials

    8371.50

    -51.20

    -0.61%

    Health Care

    45441.40

    -110.60

    -0.24%

    Industrials

    7506.10

    +46.80

    0.63%

    Info Technology

    2595.40

    -12.70

    -0.49%

    Materials

    16187.00

    +356.60

    2.25%

    Real Estate

    4006.00

    +40.60

    1.02%

    Utilities

    8732.60

    -33.20

    -0.38%

    A-REITs

    1829.00

    +19.30

    1.07%

    All Technology Index

    3357.70

    -10.40

    -0.31%

    Banks

    3547.10

    -29.30

    -0.82%

    Gold Index

    8587.00

    +425.80

    5.22%

    Metals & Mining

    5256.40

    +131.00

    2.56%

    Click item/line to change chart

  • Australasia

    15 September 2024   Updated : 20:12   AEDT

    AUD/USD

    0.6704

    0.00

    0.00%

    AUD/NZD

    1.0888

    0.00

    -0.08%

    NZD/USD

    0.6157

    +0.00

    0.08%

    AUD/JPY

    94.59

    +0.12

    0.13%

    SGD/AUD

    1.15

    0.00

    -0.01%

    AUD/EUR

    0.6055

    +0.00

    0.08%

    AUD/GBP

    0.5108

    0.00

    -0.02%

    AUDCAD

    0.9116

    0.00

    0.00%

  • World

    15 September 2024   Updated : 20:12   AEDT

    CAD/USD

    0.7355

    0.00

    0.00%

    EUR/JPY

    156.22

    +0.06

    0.04%

    EUR/USD

    1.1083

    0.00

    -0.04%

    GBP/USD

    1.3123

    0.00

    0.00%

    USD/JPY

    140.84

    -0.01

    -0.01%

    Click item/line to change chart

  • World

    15 September 2024   Updated : 20:12   AEDT

    FTSE100

    8273.09

    +32.12

    0.39%

    DAX30

    18699.40

    +181.01

    0.98%

    Hang Seng

    17369.09

    +128.70

    0.75%

    Nikkei 225

    36581.76

    -251.51

    -0.68%

    DJIA

    41393.78

    +297.01

    0.72%

    S&P500

    5626.02

    +30.26

    0.54%

    Nasdaq Comp

    17683.98

    +114.30

    0.65%

    S&P500 VIX

    16.56

    -0.51

    -2.99%

    US 10-year yield

    3.646

    -0.051

    -1.380%

    USD Index

    101.24

    -0.49

    -0.48%

  • Aus Stocks

    15 September 2024   Updated : 20:12   AEDT

    Amcor (US)

    10.99

    +0.11

    1.01%

    Newmont (US)

    53.71

    +0.83

    1.57%

    Rio Tinto (UK)

    4755.37

    +34.87

    0.74%

    BHP Group (US)

    52.89

    +0.67

    1.28%

    Rio Tinto (US)

    62.55

    +0.64

    1.03%

    ResMed (US)

    248.93

    -1.78

    -0.71%

    South32 (UK)

    163.00

    +4.60

    2.90%

    James Hardie (US)

    36.09

    +0.06

    0.17%

    Janus Henderson (US)

    36.20

    +0.39

    1.09%

    Click item/line to change chart

  • Metals & Minerals

    13 September 2024   Updated : 07:29   AEDT

    Gold (oz)

    2587.00

    +46.70

    1.84%

    Silver (oz)

    30.21

    +1.16

    3.99%

    Copper (lb)

    4.2105

    +0.04

    1.02%

    Aluminium (lb)

    1.0850

    +0.02

    1.43%

    Nickel (lb)

    7.2077

    -0.04

    -0.62%

    Zinc (lb)

    1.2888

    +0.03

    2.43%

    Copper (t)

    9216.00

    +75.00

    0.82%

    Aluminium (t)

    2411.00

    +34.00

    1.43%

    Nickel (t)

    16017.00

    -100.00

    -0.62%

    Zinc (t)

    2864.00

    +68.00

    2.43%

    Uranium (lb) weekly

    81

    +1.50

    1.90%

    Iron Ore (t)

    93.06

    +0.76

    0.82%

  • Energy

    13 September 2024   Updated : 07:29   AEDT

    West Texas Crude

    69.19

    +1.83

    2.72%

    Brent Crude

    70.72

    0.00

    0.00%

CALENDAR

Monday, 16 September 2024
US Empire manufacturing
XX Japan/China Public Holiday
CCP ex-div 23c (100%)
CNU ex-div 22.18c
IPL investor briefing
QUB ex-div 5.15c (100%)
Tuesday, 17 September 2024
CH Public Holiday
US August retail sales
COH ex-div 210c (80%)
DUR ex-div 2.5c (100%)
IPL investor briefing
MGH ex-div 3.50c (100%)

ALL WEATHER STOCKS

Code Company Price
CAR CAR GROUP LIMITED

$36.50

CSL CSL LIMITED

$300.26

REA REA GROUP LIMITED

$199.70

TNE TECHNOLOGY ONE LIMITED

$23.02

WOW WOOLWORTHS GROUP LIMITED

$34.71

WEEKLY PDF

Stories To Read From FNArena


WEEK 37

WEEK 36

WEEK 35

WEEK 34

WEEK 33

FNARENA TALKS

FNARENA WINDOWS

Window on MINING

Material Matters: Lithium Enthusiasm Is Back

A glance through the latest expert views and predictions about commodities: Two brokers anticipate a material lithium price rally, and analysts review iron ore and base metals price forecasts

Sep 12 2024


Window on GOLD & SILVER

Gold & Dividends Shine For Northern Star

New broker research on Northern Star Resources highlights production growth from current investment along with a rising dividend profile

Sep 12 2024


Window on WEALTH MANAGEMENT & INVESTMENTS

Australian Listed Investment Company Report – Sep 2024

Independent Investment Research updates developments among Australia’s listed investment companies and provides comparative data

Sep 12 2024


GEN AI

Gen.Ai Update: Bubble-licious Or Not?

Contrary to the naysayers and Gen AI “bubble” doomsters, major research houses remain upbeat, pragmatic and forward thinking on the megatrend, keeping an eye on the details for investors about what matters and where to find the winners

Sep 11 2024


FEATURE STORIES

Awaiting The Next Lithium Upswing

Lithium prices remain weak, but there is a growing expectation a turnaround is on the cards. It’s just a matter of when

Jul 17 2024