FINANCIAL NEWS
ASIC Watch: Digital Disclosure Under Scrutiny
ASIC has issued six infringement notices totalling $118,800 across three major superannuation trustees for discrepancies between online member dashboards and statutory product disclosure statements
10:55 AM
Australian Broker Call *Extra* Edition – Oct 05, 2026
Extra Edition of the Broker Call Report
10:30 AM
Weekly Ratings, Targets, Forecast Changes – 02-10-26
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
10:00 AM
The Monday Report – 05 October 2026
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead
9:08 AM
Ord Minnett rates A1M as Upgrade to Buy from Accumulate
Ord Minnett upgrades its rating for AIC Mines to Buy from Accumulate after incorporating the proposed $120m acquisition of privately held Materra Metals, owner of the Mt Cuthbert copper project in Queensland.
Mt Cuthbert hosts a 18.7Mt resource at 1.3% copper for 246kt contained copper and is located 150km northwest of A1M's Eloise mine.
The broker views the acquisition as strategically sensible and reasonably priced at around $488/t of contained copper, about a -50% discount to AIC's implied resource valuation.
Management plans to develop Mt Cuthbert as a second standalone hub focused on sulphide mineralisation and a future concentrate plant.
Ord Minnett lifts its net asset valuation (NAV) by 11% and its target by 17% to $1.05.
This is a summary of research released by Ord Minnett last Friday.
Macquarie rates MGH as Outperform
Macquarie retains its Outperform rating on Maas Group and lifts its target to $8.15 from $6.75 as the Firmus IPO gathers momentum and the Construction Materials divestment completes.
Media reports suggest Firmus could list at a $43.7bn market capitalisation, implying around $4.00 per Maas Group share for its 3.2% stake.
The group has received $1.61bn from the Construction Materials sale and remains eligible for up to $120m of contingent consideration, supporting capital returns including the approved 20% buyback, the analyst explains.
Ord Minnett rates TCL as Upgrade to Accumulate from Hold
Ord Minnett upgrades its rating for Transurban Group to Accumulate from Hold following its proposed -$4.5bn acquisition of Canada Pension Plan Investment Board interests in several Sydney toll-road assets.
The deal lifts Transurban's interests in Sydney Transport Group, owner of WestConnex, by 10.5% and NorthWestern Roads Group, owner of Westlink M7 and NorthConnex, by 25%.
The assets are expected to deliver low double-digit earnings (EBITDA) growth over the next four years, supported by M7 upgrades, integration with the future M12 and stronger population growth in western Sydney.
Ord Minnett lifts proportional FY28 earnings by 10%, but raises its risk-free rate assumption to 5.0% from 4.5%. The target falls to $13.90 from $14.50.
This is a summary of research released by Ord Minnett last Friday.
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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 |
|---|---|---|---|
$37.37 02 Oct |
OPEN $37.19 |
HIGH $37.44 | 3,606,425 LOW $37.02 |
0.180| TARGET | |||
| $35.922-3.9% downside | |||
| Franking for last dividend paid out: 75% |
| Title | FY24 Actual | FY25 Actual | FY26 Forecast | FY27 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | 198.2 | 247.3 | xxx |
| DPS (cps) | xxx | 166.0 | 166.7 | xxx |
| EPS Growth | xxx | - 9.1% | 24.8% | xxx |
| DPS Growth | xxx | 0.0% | 0.4% | xxx |
| PE Ratio | xxx | N/A | 15.2 | xxx |
| Dividend Yield | xxx | N/A | 4.4% | xxx |
| Div Pay Ratio(%) | xxx | 83.8% | 67.4% | xxx |
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DAILY FINANCIAL NEWS
ASIC Watch: Digital Disclosure Under Scrutiny
ASIC has issued six infringement notices totalling $118,800 across three major superannuation trustees for discrepancies between online member dashboards and statutory product disclosure statements
10:55 AM - 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 03 2026 - Australia
Review of The Coffee Can Investor. A Stock-Picker’s Journey to Build Generational Wealth
Oct 02 2026 - Book Reviews
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
Oct 02 2026 - Australia
Recurring revenues underpin a substantial growth runway for Chrysos as its PhotonAssay technology challenges centuries-old gold assay methods
Oct 01 2026 - Small Caps
Seasonality and other factors support a higher price of gold in the weeks ahead, DeCarleyTrading.com’s Carley Garner reports
Oct 01 2026 - Commodities
PR NEWSWIRE
CSL and Alentis announce global partnership to develop and commercialise lixudebart for rare kidney and liver diseases
8:46 AM - PR NewsWire
PMET Signs Letter of Intent with Matagami for Spodumene Concentrate Transshipment to the Rail Network
8:00 AM - PR NewsWire
Wellness, Culture and Island Adventures: Experiencing Indonesia Through a Different Lens
Oct 03 2026 - PR NewsWire
AIKO and Next Green Group Power Melbourne Sports and Aquatic Centre with 1.3 MW Rooftop Solar System
Oct 02 2026 - PR NewsWire
Curaleaf International Secures Australian First with TGA Registered Liquid Medical Cannabis Inhalation Device and Extends Availability to New Zealand
Oct 02 2026 - PR NewsWire
SQC and Schneider Electric Use Hybrid Quantum-Classical Models to Improve Energy Forecasting
Oct 02 2026 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: The Index Is No Longer The Market
Investors might be surprised about the level of similarities between equity markets in the US and domestically, plus fund managers’ favourite ASX stocks
Sep 30 2026
DAILY MARKET REPORTS
Australian Broker Call *Extra* Edition – Oct 05, 2026
Extra Edition of the Broker Call Report
10:30 AM
The Monday Report – 05 October 2026
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead
9:08 AM
ASX Winners And Losers Of Today – 02-10-26
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Oct 02 2026
ASX Winners And Losers Of Today – 01-10-26
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Oct 01 2026
WEEKLY REPORTS
Weekly Ratings, Targets, Forecast Changes – 02-10-26
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
10:00 AM
Next Week At A Glance – 5-9 Oct 2026
A brief look at important company events and economic data releases next week
Oct 02 2026
Weekly Top Ten News Stories – 2 October 2026
Our top ten news stories from 24 September 2026 to 01 October 2026
Oct 02 2026
In Case You Missed It – BC Extra Upgrades & Downgrades – 02-10-26
A summary of the highlights from Broker Call Extra updates throughout the week past
Oct 02 2026
In Brief: Black Cat, Amplitude & Singular Health
Across gold, gas and medtech, Black Cat, Amplitude Energy and Singular Health highlight how execution, de-risking and commercial validation can quickly reshape the investment outlook
Oct 02 2026
The Short Report – 01 Oct 2026
FNArena’s weekly update on short positions in the Australian share market
Oct 01 2026
Weekly Update On LICs & LITs – 30-Sep-2026
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Sep 30 2026
Australian Listed Real Estate Tables – 29-09-2026
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Sep 29 2026
Uranium Week: Deep Yellow’s Tumas Moment
The U308 spot market traded in a tight range as sentiment waxed and waned between bullish and cautious, with broader financial market sentiment weighed down by higher rates
Sep 29 2026
THE MARKETS
Australia
05 October 2026 Updated : 10:42 AEDT
SPI Overnight
8746.00
+26.00
0.30%
NZ50
13679.200
-1.290
-0.010%
All Ordinaries
8888.20
+33.50
0.38%
S&P ASX 200
8717.30
+35.20
0.41%
S&P ASX 300
8644.50
+34.70
0.40%
Communication Services
1532.80
-0.40
-0.03%
Consumer Discretionary
3544.80
-0.70
-0.02%
Consumer Staples
12962.10
+56.20
0.44%
Energy
10758.00
+44.80
0.42%
Financials
9129.90
+45.00
0.50%
Health Care
31637.40
+90.30
0.29%
Industrials
7975.60
+43.10
0.54%
Info Technology
1727.90
-14.80
-0.85%
Materials
24050.50
+141.50
0.59%
Real Estate
3177.30
-1.50
-0.05%
Utilities
9841.00
+46.00
0.47%
A-REITs
1479.90
-0.70
-0.05%
All Technology Index
2807.70
-21.30
-0.75%
Banks
3827.30
+22.70
0.60%
Gold Index
18517.80
+114.70
0.62%
Metals & Mining
8287.80
+52.10
0.63%
World
05 October 2026 Updated : 10:42 AEDT
CAD/USD
0.7016
0.00
-0.04%
EUR/JPY
177.45
-0.29
-0.17%
EUR/USD
1.1253
0.00
-0.07%
GBP/USD
1.3244
+0.00
0.25%
USD/JPY
157.67
-0.20
-0.12%
Aus Stocks
05 October 2026 Updated : 10:42 AEDT
Amcor (US)
41.86
+0.05
0.12%
Newmont (US)
115.56
+0.89
0.78%
Rio Tinto (UK)
7056.00
+102.00
1.47%
BHP Group (US)
86.07
+1.42
1.68%
Rio Tinto (US)
94.21
+1.34
1.44%
ResMed (US)
218.89
-2.26
-1.02%
South32 (UK)
259.20
+5.00
1.97%
James Hardie (US)
24.99
-0.21
-0.83%
Janus Henderson (US)
51.95
-0.02
-0.04%
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CALENDAR
Monday, 5 October 2026
AU Public Holiday (NSW) AU Sep PMI (final) JP Sep PMI (final) CH Public Holiday EZ Aug PPI EZ Sep PMI (final) UK Sep PMI (final) US Sep ISM services US Sep PMI (final) GE Sep PMI (final) QRI ex-div 1.01c (0%) SIO ex-div 0.5c (100%) VBC ex-div 0.15c (100%) ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$22.05REA REA GROUP LIMITED $153.05RMD RESMED INC $31.62TNE TECHNOLOGY ONE LIMITED $30.25WOW WOOLWORTHS GROUP LIMITED 
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FNARENA TALKS
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FNARENA WINDOWS
Window on WEALTH MANAGEMENT & INVESTMENTS
ASIC Watch: Digital Disclosure Under Scrutiny
ASIC has issued six infringement notices totalling $118,800 across three major superannuation trustees for discrepancies between online member dashboards and statutory product disclosure statements
10:55 AM
Window on IT & SUPPORT
Book Review: The Coffee Can Investor
Review of The Coffee Can Investor. A Stock-Picker’s Journey to Build Generational Wealth
Oct 02 2026
Window on GOLD & SILVER
In Brief: Black Cat, Amplitude & Singular Health
Across gold, gas and medtech, Black Cat, Amplitude Energy and Singular Health highlight how execution, de-risking and commercial validation can quickly reshape the investment outlook
Oct 02 2026
GEN AI
History’s Blue Print For The AI Investment Cycle
Artificial intelligence remains a polarising subject, but Australia is strategically well positioned to benefit. So, how should investors be positioned in the AI cycle?
Oct 01 2026