FINANCIAL NEWS

ASX Winners And Losers Of Today – 17-07-24

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

Jul 17 2024


Not All Gaming Stocks Are Winners

New gaming sector research compares Light & Wonder with Aristocrat Leisure, as well as the defensive investment opportunity provided by Lottery Corp

Jul 17 2024


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


Technical Views On Russell2000, ASX200 & Gold

Tony Sycamore, Market Analyst, IG shares his technical views on the Nasdaq, Russell2000, the ASX200, WTI crude oil and gold

Jul 17 2024


Australian Broker Call *Extra* Edition – Jul 17, 2024

Extra Edition of the Broker Call Report

Jul 17 2024


Citi rates CAR as Upgrade to Buy from Neutral

Citi upgrades CAR Group to Buy from Neutral with a target price lift to $39.80 from $34.70.

While acknowledging some forex headwinds and a risk of another rate rise domestically, the broker points to the strength of the company's position and expected robust growth even with macro headwinds.

Overseas, Citi believes falling interest rates will provide tailwinds for Brazil and the US.

Over the medium-term, double-digit earnings growth is forecast by Citi, with the potential for "bolt-on' acquisitions and mergers.

EPS estimates are tweaked by 0.5% in FY24 and -3.9% for FY25.

Morgan Stanley rates CPU as Overweight

In a lower interest rate environment, Morgan Stanley still believes Computershare can achieve 9% management EPS (MEPS) growth in FY25, as 2024 should mark the start of M&A recovering from multi-decade lows.

The broker anticipates a meaningful activity pick up for Issuer Services, employee share Plans and the Corporate Trust business (CCT) ex MI. It's also felt proceeds from the sale of US Mortgage Services will be used to reduce debt (and interest payments).

Target $29.40. Overweight. Sector view is In-Line. 

Bell Potter rates HUB as Buy

Hub24's quarterly update sharply outpaced Bell Potter's forecasts, funds under administration (FUA) rising 30% to $104.7bn, split between Platform funds of $84.4bn and non-custodial funds of $20.3bn.

The broker observes underlying net flows represent a June-quarter record, pointing to asset retention and strong momentum.

Management retains its FY25 FUA target.

The broker observes FUA held as cash eased and expects this should erode average revenue margins.

EPS forecasts fall -1% in FY24; are steady in FY25; and rise 2% in FY26.

Buy rating and $53.20 target price 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

$29.78

16 Jul
2024

-0.050

OPEN

$29.95

-0.17%

HIGH

$29.98

3,492,581

LOW

$29.78

TARGET
$27.588 -7.4% 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 236.8 225.6 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 13.3 xxx
Dividend Yield xxx N/A 5.5% xxx
Div Pay Ratio(%) xxx 73.9% 73.1% xxx

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DAILY FINANCIAL NEWS

Not All Gaming Stocks Are Winners

New gaming sector research compares Light & Wonder with Aristocrat Leisure, as well as the defensive investment opportunity provided by Lottery Corp

Jul 17 2024 - Australia


Tony Sycamore, Market Analyst, IG shares his technical views on the Nasdaq, Russell2000, the ASX200, WTI crude oil and gold

Jul 17 2024 - Technicals


Michael Gable of Fairmont Equities reports shares in GPT Group have re-discovered upward momentum

Jul 16 2024 - Technicals


Netwealth Group strong fourth quarter update featured forecast-beating net fund flows and buoyant outlook commentary

Jul 16 2024 - Australia


Share markets are having a jolly great time, but investors should not let their guard down, warns Carley Garner

Jul 15 2024 - International


FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s idea is Qantas Airways

Jul 15 2024 - Treasure Chest


RUDI'S VIEWS

Rudi’s View: Corporate Earnings, The Best Indicator?

By Rudi Filapek-Vandyck, Editor Today’s markets are confusing many, not in the least because many traditional indicators don’t seem to…

Jul 17 2024

DAILY MARKET REPORTS

ASX Winners And Losers Of Today – 17-07-24

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

Jul 17 2024


Australian Broker Call *Extra* Edition – Jul 17, 2024

Extra Edition of the Broker Call Report

Jul 17 2024


The Overnight Report: Run, Baby, Run

A global perspective on what happened overnight

Jul 17 2024


Today’s Financial Calendar – 17-07-2024

Significant Scheduled Events For 17 July, 2024

Jul 17 2024


ASX Winners And Losers Of Today – 16-07-24

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

Jul 16 2024


The Overnight Report: Flat Opening Expected

A global perspective on what happened overnight

Jul 16 2024


Today’s Financial Calendar – 16-07-2024

Significant Scheduled Events For 16 July, 2024

Jul 16 2024


WEEKLY REPORTS

Uranium Week: Focus On Kazatomprom (Aug 1)

The world’s largest uranium producer, Kazatomprom, takes centre stage while the Biden Administration drives a nuclear reactor reform agenda

Jul 16 2024

Weekly Update On LICs & LITs – 16-Jul-2024

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

Jul 16 2024

Australian Listed Real Estate Tables – 15-07-2024

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

Jul 15 2024


Weekly Ratings, Targets, Forecast Changes – 12-07-24

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

Jul 15 2024

Next Week At A Glance – 15-19 July 2024

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

Jul 12 2024

Weekly Top Ten News Stories – 12 July 2024

Our top ten news stories from 04 July 2024 to 11 July 2024

Jul 12 2024


In Case You Missed It – BC Extra Upgrades & Downgrades – 12-07-24

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

Jul 12 2024

In Brief: Airlines, Pathology & Seek

Weekly Broker Wrap: Morgans flies high in the airline sector; Macquarie explains the macro tailwinds for growth in pathology; Seek is catching the broker’s attention; Jarden highlights its favourite consumer discretionary stocks, and Trump 2025 tariffs warning

Jul 12 2024

The Short Report – 11 Jul 2024

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

Jul 11 2024


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THE MARKETS

    Click item/line to change chart

  • Australia

    17 July 2024   Updated : 20:12   AEDT

    SPI Overnight

    8035.00

    +55.00

    0.69%

    NZ50

    12292.030

    +107.540

    0.880%

    All Ordinaries

    8303.50

    +60.20

    0.73%

    S&P ASX 200

    8057.90

    +58.60

    0.73%

    S&P ASX 300

    7992.90

    +58.40

    0.74%

    Communication Services

    1568.70

    +16.00

    1.03%

    Consumer Discretionary

    3694.40

    +21.40

    0.58%

    Consumer Staples

    12749.80

    +155.30

    1.23%

    Energy

    10465.70

    +17.90

    0.17%

    Financials

    7964.00

    +75.40

    0.96%

    Health Care

    45775.60

    +231.30

    0.51%

    Industrials

    7012.20

    +81.20

    1.17%

    Info Technology

    2384.60

    +29.20

    1.24%

    Materials

    17284.90

    +13.70

    0.08%

    Real Estate

    3852.30

    +56.50

    1.49%

    Utilities

    9132.50

    +49.60

    0.55%

    A-REITs

    1757.80

    +25.80

    1.49%

    All Technology Index

    3184.80

    +24.80

    0.78%

    Banks

    3350.90

    +29.20

    0.88%

    Gold Index

    8243.30

    +148.60

    1.84%

    Metals & Mining

    5658.70

    -16.60

    -0.29%

    Click item/line to change chart

  • Australasia

    17 July 2024   Updated : 20:12   AEDT

    AUD/USD

    0.6753

    +0.00

    0.07%

    AUD/NZD

    1.1076

    0.00

    -0.39%

    NZD/USD

    0.6097

    +0.00

    0.48%

    AUD/JPY

    105.51

    -1.33

    -1.25%

    SGD/AUD

    1.11

    +0.00

    0.23%

    AUD/EUR

    0.6171

    0.00

    -0.32%

    AUD/GBP

    0.5178

    0.00

    -0.48%

    AUDCAD

    0.9225

    0.00

    -0.04%

  • World

    17 July 2024   Updated : 20:12   AEDT

    CAD/USD

    0.7320

    +0.00

    0.12%

    EUR/JPY

    170.99

    -1.62

    -0.94%

    EUR/USD

    1.0944

    +0.00

    0.40%

    GBP/USD

    1.3044

    +0.01

    0.59%

    USD/JPY

    156.23

    -2.12

    -1.34%

    Click item/line to change chart

  • World

    17 July 2024   Updated : 20:12   AEDT

    FTSE100

    8165.61

    +0.71

    0.01%

    DAX30

    18452.30

    -65.73

    -0.35%

    Hang Seng

    17739.41

    +11.43

    0.06%

    Nikkei 225

    41097.69

    -177.39

    -0.43%

    DJIA

    40954.48

    +742.76

    1.85%

    S&P500

    5667.20

    +35.98

    0.64%

    Nasdaq Comp

    18509.34

    +36.77

    0.20%

    S&P500 VIX

    13.64

    +0.52

    3.96%

    US 10-year yield

    4.160

    -0.007

    -0.170%

    USD Index

    104.24

    -0.02

    -0.02%

  • Aus Stocks

    17 July 2024   Updated : 20:12   AEDT

    Amcor (US)

    10.07

    +0.23

    2.34%

    Newmont (US)

    48.32

    +0.97

    2.05%

    Rio Tinto (UK)

    5095.00

    +24.00

    0.47%

    BHP Group (US)

    57.20

    -1.11

    -1.90%

    Rio Tinto (US)

    66.32

    -1.23

    -1.82%

    ResMed (US)

    206.80

    +1.49

    0.73%

    South32 (UK)

    184.23

    -0.27

    -0.15%

    James Hardie (US)

    34.64

    +0.85

    2.52%

    Janus Henderson (US)

    36.41

    +0.61

    1.70%

    Click item/line to change chart

  • Metals & Minerals

    17 July 2024   Updated : 08:08   AEDT

    Gold (oz)

    2473.00

    +46.00

    1.90%

    Silver (oz)

    31.49

    +0.17

    0.54%

    Copper (lb)

    4.4567

    -0.06

    -1.23%

    Aluminium (lb)

    1.0877

    -0.02

    -1.79%

    Nickel (lb)

    7.5298

    -0.01

    -0.17%

    Zinc (lb)

    1.3032

    -0.02

    -1.87%

    Copper (t)

    9673.00

    -96.00

    -0.98%

    Aluminium (t)

    2417.00

    -44.00

    -1.79%

    Nickel (t)

    16733.00

    -28.00

    -0.17%

    Zinc (t)

    2896.00

    -55.00

    -1.86%

    Uranium (lb) weekly

    86.00

    +1.00

    1.18%

    Iron Ore (t)

    109.39

    +0.28

    0.26%

  • Energy

    17 July 2024   Updated : 07:13   AEDT

    West Texas Crude

    79.76

    -1.13

    -1.40%

    Brent Crude

    83.75

    -1.52

    -1.78%

CALENDAR

Thursday, 18 July 2024
AU June unemployment
JP June trade balance
EZ ECB policy rate
UK May unemployment rate
US Leading economic indicators
EVN Quarterly update
STO Quarterly update
Friday, 19 July 2024
JP Nat June CPI
UK June retail sales
BPT Quarterly update
NEM earnings report 2Q
WHC Quarterly update

ALL WEATHER STOCKS

Code Company Price
CAR CAR GROUP LIMITED

$35.70

CSL CSL LIMITED

$308.02

REA REA GROUP LIMITED

$205.38

TNE TECHNOLOGY ONE LIMITED

$18.98

WOW WOOLWORTHS GROUP LIMITED

$35.00

WEEKLY PDF

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WEEK 28

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WEEK 17

WEEK 16

WEEK 15

WEEK 14

FNARENA TALKS

FNARENA WINDOWS

Window on GAMING

Not All Gaming Stocks Are Winners

New gaming sector research compares Light & Wonder with Aristocrat Leisure, as well as the defensive investment opportunity provided by Lottery Corp

Jul 17 2024


Window on NEW BATTERY ELEMENTS

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


Window on REITS

Pros & Cons Of Discounted A-REITs

Historically defensive yield-plays, REITs have suffered a volatile year due to interest rate uncertainty and economic challenges. But is there now light at the end of the tunnel?

Jul 16 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