Daily Market Reports | 10:30 AM
An additional news report on the recommendation, valuation, forecast and opinion changes and updates for ASX-listed equities.
In addition to The Australian Broker Call Report, which is published and updated daily (Mon-Fri), FNArena has now added The Australian Broker Call *Extra* Edition, featuring additional sources of research and insights on ASX-listed stocks, also enlarging the number of stocks that make up the FNArena universe.
One key difference is the *Extra* Edition will not be updated daily, but merely "regularly" depending on availability of suitable quality content. As such, the *Extra* Edition tries to build a bridge between daily updates via the Australian Broker Call Report and ad hoc news stories, that are not always timely for investors hungry for the next information update.
Investors using the *Extra* Edition as a source of input for their own share market research should thus take into account that information after publication may not be up to date, or yet awaiting another update by FNArena's team of journalists.
Similar to The Australian Broker Call Report, this *Extra* Edition includes concise but limited reviews of research recently published by Stockbrokers and other experts, which should be considered as information concerning likely market behaviour rather than advice on the securities mentioned. Do not act on the contents of this Report without first reading the important information included at the end of this Report.
The Australian Broker Call *Extra* Edition is a summary that has been prepared independently of the sources identified. Readers will check the full text of the recommendations and consult a Licenced Advisor before making any investment decision.
The copyright of this Report is owned by the publisher. Readers will not copy, forward or disseminate this Report to any other person. For more vital information about the sources included, see the bottom of this Report.
COMPANIES DISCUSSED IN THIS ISSUE
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The number next to the symbol represents the number of brokers covering it for this report -(if more than 1)
A2M ALK APZ ARF BM1 CHI CPU DDR FCL SRZ
DDR DICKER DATA LIMITED
Hardware & Equipment - Overnight Price: $16.07
Jarden rates ((DDR)) as Overweight (2) -
Jarden maintains an Overweight rating for Dicker Data with its target price increased to $16.30 from $15.00 following the announced acquisition of Sektor for approximately -$112m.
The analyst views the transaction as a logical strategic expansion, adding a complementary point-of-sale and enterprise mobility category to the core Australia and New Zealand operations.
Jarden estimates the deal will be 8% to 10% accretive post-synergy based on a targeted post-integration EBITDA of $23m to $26m.
Establishing a foothold in the Malaysian and Thai IT distribution markets creates a fresh geographic growth avenue, commentary argues, offsetting the high market share saturation already achieved domestically.
Acknowledging inherent execution risks, Jarden backs strong management integration credentials and lifts underlying earnings per share estimates 1% to 7% across the forecast period.
This report was published on October 7, 2026.
Target price is $16.30 Current Price is $16.07 Difference: $0.23
If DDR meets the Jarden target it will return approximately 1% (excluding dividends, fees and charges).
Current consensus price target is $16.28, suggesting upside of 1.3%(ex-dividends)
The company's fiscal year ends in December.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 51.20 cents and EPS of 63.80 cents.
At the last closing share price the estimated dividend yield is 3.19%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 25.19.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 64.0, implying annual growth of 35.1%.
Current consensus DPS estimate is 50.2, implying a prospective dividend yield of 3.1%.
Current consensus EPS estimate suggests the PER is 25.1.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 59.70 cents and EPS of 66.30 cents.
At the last closing share price the estimated dividend yield is 3.71%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 24.24.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 67.2, implying annual growth of 5.0%.
Current consensus DPS estimate is 55.1, implying a prospective dividend yield of 3.4%.
Current consensus EPS estimate suggests the PER is 23.9.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
FCL FINEOS CORPORATION HOLDINGS PLC
Cloud services - Overnight Price: $1.89
Moelis rates ((FCL)) as Buy (1) -
Moelis maintains a Buy rating for Fineos Corp with a $3.21 target price following optimistic revenue growth commentary accompanying the first-half 2026 financial results.
The software services provider targets subscriptions to represent 65% of 2027 revenue, implying total revenue in the high EUR160m range and approximately 10% growth compared to 2026 guidance.
The analyst expects existing customers expanding their adoption of integrated disability and absence solutions to act as the primary driver behind management's guidance.
Structural tailwinds support sector demand, with commentary highlighting the proportion of United States employers outsourcing leave administration increasing from 30% in 2023 to 44% in 2025.
Moelis views the company as well positioned to capitalise on this expanding addressable market considering six of the top ten US life insurance carriers currently utilise its flagship software platform.
This report was published on October 9, 2026.
Target price is $3.21 Current Price is $1.89 Difference: $1.325
If FCL meets the Moelis target it will return approximately 70% (excluding dividends, fees and charges).
The company's fiscal year ends in December.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 2.67 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 70.49.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 3.84 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 49.04.
This company reports in EUR. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
SRZ STELLAR RESOURCES LIMITED
Tin - Overnight Price: $0.36
Shaw and Partners rates ((SRZ)) as Buy (1) -
Shaw and Partners maintains a Buy rating for Stellar Resources with a $0.66 target price following drill results from the Severn deposit confirming high-grade mineralisation outside the existing resource boundary.
Hole ZM194 returned 3.9 metres at 0.82% tin from 206.1 metres and 3.7 metres at 0.41% tin from 214 metres, sitting at a shallower depth and along trend south of the Montana zone.
The analyst notes joining the two zones would transform relatively isolated high grades into continuous mineralisation, providing advantageous conditions for mine design and scheduling.
A follow-up hole is underway alongside a second rig drilling north of Montana as the company prepares an updated pre-feasibility study targeted for the first half of 2027.
Shaw and Partners considers the current 13.36m tonnes at 0.86% tin resource an excellent foundation to advance the Heemskirk project towards production amid strong global tin demand from electrification and artificial intelligence markets.
This report was published on October 9, 2026.
Target price is $0.66 Current Price is $0.36 Difference: $0.3
If SRZ meets the Shaw and Partners target it will return approximately 83% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY27:
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.50 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 72.00.
Forecast for FY28:
Shaw and Partners forecasts a full year FY28 dividend of 0.00 cents and EPS of minus 0.70 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 51.43.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Disclaimer:
The content of this information does in no way reflect the opinions of FNArena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FNArena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide experienced, intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface.
This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FNArena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.