Daily Market Reports | 10:00 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
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)
ABB ACF ALC CAT CNU COH CXL FFM PME SLC TNE TPG
ABB AUSSIE BROADBAND LIMITED
Telecommunication - Overnight Price: $4.99
Canaccord Genuity rates ((ABB)) as Buy (1) -
Canaccord Genuity points to Telstra Group's ((TLS)) Black Friday sale including -50% off all speeds for three months whereas last year's was the same promotion but for two months.
Comparing between Telstra at $99/mth ex modem and $113/mth with modem with Superloop ((SLC)) at $95/mth including a modem subject to a 24-month connection and Aussie Broadband also $95/mth, the analyst believes "value" rarely chose Telstra, so the price change may have a limited impact on the competitive backdrop.
The share price pullbacks offer a good opportunity for both Superloop and Aussie Broadband, the broker suggests.
The broker retains a Buy rating and $6.85c target price for Aussie Broadband.
This report was published on November 18, 2025.
Target price is $6.85 Current Price is $4.99 Difference: $1.86
If ABB meets the Canaccord Genuity target it will return approximately 37% (excluding dividends, fees and charges).
Current consensus price target is $6.01, suggesting upside of 20.4%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 6.30 cents and EPS of 18.10 cents.
At the last closing share price the estimated dividend yield is 1.26%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 27.57.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 19.6, implying annual growth of 75.2%.
Current consensus DPS estimate is 6.4, implying a prospective dividend yield of 1.3%.
Current consensus EPS estimate suggests the PER is 25.5.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 10.60 cents and EPS of 26.50 cents.
At the last closing share price the estimated dividend yield is 2.12%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.83.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 25.9, implying annual growth of 32.1%.
Current consensus DPS estimate is 8.1, implying a prospective dividend yield of 1.6%.
Current consensus EPS estimate suggests the PER is 19.3.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
ACF ACROW LIMITED
Building Products & Services - Overnight Price: $1.04
Moelis rates ((ACF)) as Buy (1) -
Management at Acrow delivered a trading update at its AGM, with Moelis noting 1H26 revenue guidance of $153-157m and earnings (EBITDA) of $37-40m, reflecting moves of 22% and -1%, respectively, year-on-year at midpoints.
The analysts highlight continued softness in Formwork, particularly in Queensland, though operations in SA and WA remain supportive.
Management expects a Queensland recovery into 4Q26 with Olympics-related demand from 1H27.
Industrial Access remains the key strength, in the broker's view, with FY26 revenue expected to approach $200m, representing a larger share of group revenue.
Moelis retains a Buy rating with a target of $1.31, down from $1.32.
This report was published on November 18, 2025.
Target price is $1.31 Current Price is $1.04 Difference: $0.265
If ACF meets the Moelis target it will return approximately 25% (excluding dividends, fees and charges).
Current consensus price target is $1.26, suggesting upside of 20.9%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 5.10 cents and EPS of 10.20 cents.
At the last closing share price the estimated dividend yield is 4.88%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.25.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 10.3, implying annual growth of 36.1%.
Current consensus DPS estimate is 5.6, implying a prospective dividend yield of 5.4%.
Current consensus EPS estimate suggests the PER is 10.1.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 6.10 cents and EPS of 12.20 cents.
At the last closing share price the estimated dividend yield is 5.84%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.57.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 12.4, implying annual growth of 20.4%.
Current consensus DPS estimate is 6.3, implying a prospective dividend yield of 6.0%.
Current consensus EPS estimate suggests the PER is 8.4.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
ALC ALCIDION GROUP LIMITED
Healthcare services - Overnight Price: $0.11
Canaccord Genuity rates ((ALC)) as Buy (1) -
Alcidion Group has expanded the contract with Leidos, which is a global technology firm specialising in defence.
Canaccord Genuity notes this is a positive development, given its contribution to FY26 revenue, and validates the company's "land and expand" strategy.
It suggests Alcidon can meet guidance and the broker's forecasts. Buy rating and $0.13 target maintained.
This report was published on November 17, 2025.
Target price is $0.13 Current Price is $0.11 Difference: $0.02
If ALC meets the Canaccord Genuity target it will return approximately 18% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
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