FINANCIAL NEWS
ASX Winners And Losers Of Today – 08-10-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Oct 08 2024
Australian Broker Call *Extra* Edition – Oct 08, 2024
Extra Edition of the Broker Call Report
Oct 08 2024
BHP Shares Eyeing Return To $50
Michael Gable of Fairmont Equities sees shares in BHP Group returning to $50, yet again
Oct 08 2024
Audinate’s Recurring Revenue Opportunity
Following disappointment in August, new research highlights upside potential from new market opportunities for Audinate Group
Oct 08 2024
Weekly Update On LICs & LITs – 07-Oct-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Oct 08 2024
Macquarie rates ASX as Neutral
Average daily volume on the ASX rose by 10.4% in the September quarter compared to the previous corresponding period
The broker's target rises to $64 from $61. The Neutral rating is kept given Macquarie's concerns around both capex and opex in the medium-term.
Bell Potter rates LKE as Hold
Bell Potter has downgraded lithium price forecasts due to the current supply/demand outlook. The broker anticipates supply deficits will now develop a year later than previously forecast in 2027. Higher incentive prices are expected from 2026.
The broker observes Lake Resources had net cash of $23m at June 30, no debt. Cost outs at the corporate level and project expenditure are anticipated to support funding availability until mid-2025.
Environmental approval for Kachi project is expected in March 2025. The offtake agreement is developing with a strategic partner, the analyst highlights.
No change to Hold rating. Target price falls to 4.8c from 12c.
Citi rates NEM as Buy
In advance of 1Q FY25 results for the Gold sector, Citi remains positive given positive mark-to-market on a rapidly rising gold price.
Should the gold price hold around the current level and companies deliver on guidance, the analysts see plenty of potential share price upside.
The broker forecasts a $3,000/oz Australian dollar gold price in 2025. For the long-term (in US$), the forecast is increased to US$1900/oz for US$1,850/oz.
Citi's top pick in the sector is Evolution Mining, noting a further tailwind from copper which makes up around 30% of total revenue.
For Newmont Corp, the Buy rating and $95 target are maintained.
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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 |
|---|---|---|---|
|
$29.99 07 Oct |
OPEN $29.82 |
HIGH $30.14 |
2,396,800 LOW $29.71 |
0.350| TARGET | |||
| $27.372 -8.7% 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 | 13.4 | xxx |
| Dividend Yield | xxx | N/A | 5.5% | xxx |
| Div Pay Ratio(%) | xxx | 73.9% | 73.6% | xxx |
DAILY FINANCIAL NEWS
BHP Shares Eyeing Return To $50
Michael Gable of Fairmont Equities sees shares in BHP Group returning to $50, yet again
Oct 08 2024 - Technicals
Following disappointment in August, new research highlights upside potential from new market opportunities for Audinate Group
Oct 08 2024 - Small Caps
Independent Investment Research updates developments in Australia’s listed investment trust and provides comparative data
Oct 07 2024 - Australia
RBA rate hikes have weighed heavily on Australia’s property market, but since a better than expected FY24 result, and the assumption the RBA is soon to cut, brokers believe Charter Hall shares have seen the trough
Oct 07 2024 - Australia
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
Oct 05 2024 - 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
PR NEWSWIRE
High tech specs and adapted World Cup pitch sensors awarded share of £1.5m as finalists in Longitude Prize on Dementia
5:30 AM - PR NewsWire
Budget Direct calls for storm prep reminder ahead of summer
Oct 08 2024 - PR NewsWire
Globally Renowned MarTech Platform, Netcore Cloud Announces Strategic Partnership with Tall Bob Collaboration to enhance Customer Engagement capabilities for cu
Oct 08 2024 - PR NewsWire
Goodbye Darwin’, Amerigo Vespucci bids farewell to Australia by ANSA in collaboration with Difesa Servizi
Oct 08 2024 - PR NewsWire
Goodbye Darwin’, Amerigo Vespucci bids farewell to Australia by ANSA in collaboration with Difesa Servizi
Oct 08 2024 - PR NewsWire
Woolpert Acquires Greenbox Architecture, a Leading Architecture and Interior Design Practice Operating Across the Asia-Pacific
Oct 08 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 – 08-10-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Oct 08 2024
Australian Broker Call *Extra* Edition – Oct 08, 2024
Extra Edition of the Broker Call Report
Oct 08 2024
The Overnight Report: US Bonds Repricing
A global perspective on what happened overnight
Oct 08 2024
Today’s Financial Calendar – 08-10-2024
Significant Scheduled Events For 08 October, 2024
Oct 08 2024
ASX Winners And Losers Of Today – 07-10-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Oct 07 2024
The Monday Report – 07 October 2024
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead
Oct 07 2024
Today’s Financial Calendar – 07-10-2024
Significant Scheduled Events For 07 October, 2024
Oct 07 2024
WEEKLY REPORTS
Weekly Update On LICs & LITs – 07-Oct-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Oct 08 2024
Uranium Week: Shorts Versus Growing Demand
By all indications the month of September signaled a reversal in the 2024 “backwardation” trend for the U308 spot price; have the short sellers received the memo?
Oct 08 2024
Australian Listed Real Estate Tables – 07-10-2024
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Oct 07 2024
Weekly Ratings, Targets, Forecast Changes – 04-10-24
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Oct 07 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
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
THE MARKETS
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Australia
08 October 2024 Updated : 20:12 AEDT
SPI Overnight
8233.00
-4.00
-0.05%
NZ50
12555.990
-40.880
-0.320%
All Ordinaries
8443.70
-35.30
-0.42%
S&P ASX 200
8176.90
-28.50
-0.35%
S&P ASX 300
8118.50
-29.70
-0.36%
Communication Services
1591.50
-6.30
-0.39%
Consumer Discretionary
3768.70
-1.80
-0.05%
Consumer Staples
12336.60
-18.10
-0.15%
Energy
9425.00
-90.70
-0.95%
Financials
8164.60
+11.20
0.14%
Health Care
44848.40
+334.20
0.75%
Industrials
7377.80
-6.30
-0.09%
Info Technology
2673.70
-28.80
-1.07%
Materials
17549.90
-311.10
-1.74%
Real Estate
4035.80
+0.20
0.00%
Utilities
9006.00
+26.10
0.29%
A-REITs
1841.60
+1.00
0.05%
All Technology Index
3482.60
-28.70
-0.82%
Banks
3410.90
+10.30
0.30%
Gold Index
8579.60
+62.00
0.73%
Metals & Mining
5734.30
-109.80
-1.88%
-
World
08 October 2024 Updated : 20:12 AEDT
CAD/USD
0.7329
0.00
-0.37%
EUR/JPY
162.48
-0.26
-0.16%
EUR/USD
1.0992
+0.00
0.24%
GBP/USD
1.3096
+0.00
0.11%
USD/JPY
147.84
-0.54
-0.36%
-
Aus Stocks
08 October 2024 Updated : 20:12 AEDT
Amcor (US)
11.11
-0.09
-0.80%
Newmont (US)
52.98
-0.36
-0.67%
Rio Tinto (UK)
5035.00
-265.00
-5.00%
BHP Group (US)
60.81
+0.24
0.40%
Rio Tinto (US)
69.62
-0.08
-0.11%
ResMed (US)
232.29
-1.69
-0.72%
South32 (UK)
184.50
-6.20
-3.25%
James Hardie (US)
37.00
-0.74
-1.96%
Janus Henderson (US)
38.65
-0.29
-0.74%
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CALENDAR
Wednesday, 9 October 2024
NZ RBNZ cash rate AU WBC Consumer Confidence US Sept FOMC minutes REA AGM Thursday, 10 October 2024
JP Sept PPI US Sept CPI US Sept PPI AZJ AGM NWL Sept qtr trading update TLC investor briefing Friday, 11 October 2024
NZ Sept PMI ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$37.17 CSL CSL LIMITED 
$292.52 REA REA GROUP LIMITED
$212.00 TNE TECHNOLOGY ONE LIMITED
$24.01 WOW WOOLWORTHS GROUP LIMITED
$32.89 WEEKLY PDF
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FNARENA TALKS
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FNARENA WINDOWS
Window on BULKS
BHP Shares Eyeing Return To $50
Michael Gable of Fairmont Equities sees shares in BHP Group returning to $50, yet again
Oct 08 2024
Window on HARDWARE & EQUIPMENT
Audinate’s Recurring Revenue Opportunity
Following disappointment in August, new research highlights upside potential from new market opportunities for Audinate Group
Oct 08 2024
Window on WEALTH MANAGEMENT & INVESTMENTS
Weekly Update On LICs & LITs – 07-Oct-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Oct 08 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