Daily Market Reports | Mar 24 2025
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
Click on a symbol for fast access.
The number next to the symbol represents the number of brokers covering it for this report -(if more than 1)
AAR ANG ARU AUE BC8 BXB (2) CMM CY5 FMG GOR HGO MYR NAN NSR NWC PNI QOR WAF WJL (2)
QOR QORIA LIMITED
Software & Services - Overnight Price: $0.44
Wilsons rates ((QOR)) as Overweight (1) -
No change at this time to Wilsons' earnings forecasts for Qoria following news the company has been selected as the preferred technology provider for the Management Council of the Ohio Education Computer Network.
The broker sees this as an additive win by the company, with Ohio's 1.8m students around one-third the size of the current engagement in Texas.
Overweight rating and 69c target price are unchanged.
This report was published on March 19, 2025.
Target price is $0.69 Current Price is $0.44 Difference: $0.25
If QOR meets the Wilsons target it will return approximately 57% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 1.70 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 25.88.
Forecast for FY26:
Wilsons forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 0.30 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 146.67.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
WAF WEST AFRICAN RESOURCES LIMITED
Gold & Silver - Overnight Price: $2.25
Canaccord Genuity rates ((WAF)) as Buy (1) -
Canaccord Genuity notes West African Resources' scoping study for the Toega underground deposit at Sanbrado operations showed a higher proportion in inferred category, making it a low-confidence resource.
The company plans to do more infill drilling over the next quarter to increase resource confidence before releasing 10-year production plan in the middle of the year.
The broker will wait for further details before modelling the mining scenario but has increased nomimal exploration and project value based on the rise in total group resources.
Target price rises to $4.00 from $3.95. Buy maintained.
This report was published on March 19, 2025.
Target price is $4.00 Current Price is $2.25 Difference: $1.75
If WAF meets the Canaccord Genuity target it will return approximately 78% (excluding dividends, fees and charges).
The company's fiscal year ends in December.
Forecast for FY25:
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of 30.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.50.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 11.00 cents and EPS of 57.00 cents.
At the last closing share price the estimated dividend yield is 4.89%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 3.95.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
WJL WEBJET GROUP LIMITED
Travel, Leisure & Tourism - Overnight Price: $0.53
Jarden rates ((WJL)) as Overweight (2) -
Jarden believes Webjet Group's plan to increase its addressable market by spending -$10m in FY26, including -$6m in brand relaunch, is the right move. The company published an ambitious plan to double total transaction value by FY30 to $3.2bn.
The broker sees the brand investment as delivering an immediate return. The broker's main concern, however, is the lack of index inclusion, noting the company is falling well short of the required $500m market cap.
Target price lifted to $1.20 from $1.10. Overweight maintained.
This report was published on March 20, 2025.
Target price is $1.20 Current Price is $0.53 Difference: $0.67
If WJL meets the Jarden target it will return approximately 126% (excluding dividends, fees and charges).
The company's fiscal year ends in March.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 5.30 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.00.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 2.00 cents and EPS of 5.70 cents.
At the last closing share price the estimated dividend yield is 3.77%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.30.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Wilsons rates ((WJL)) as Overweight (1) -
Webjet Group reiterated guidance for FY25 EBITDA but now expects FY26 to be steady due to higher brand/marketing costs.
The company unveiled a plan to double total transaction value by FY30 and this requires -$10m brand/marketing spending in FY26.
Wilsons left FY25 forecasts unchanged but cut FY26-27 EBITDA forecasts by -10-16%.
Target price cut to 90c from 97c. Overweight maintained.
This report was published on March 20, 2025.
Target price is $0.90 Current Price is $0.53 Difference: $0.37
If WJL meets the Wilsons target it will return approximately 70% (excluding dividends, fees and charges).
The company's fiscal year ends in March.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 0.00 cents and EPS of 5.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.60.
Forecast for FY26:
Wilsons forecasts a full year FY26 dividend of 2.90 cents and EPS of 5.10 cents.
At the last closing share price the estimated dividend yield is 5.47%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.39.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
The full story is for FNArena subscribers only. To read the full story plus enjoy a free two-week trial to our service SIGN UP HERE
If you already had your free trial, why not join as a paying subscriber? CLICK HERE