Daily Market Reports | 1:23 PM
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)
3DA AAR ABB ARF ASK ASL AZY BTR BWP CBA CHC CIP CLW CNI COF CQE CQR CSC DXS GMG GPT HDN HMC INA IPG KYP LIC MGR MM8 NSR RGN RRL RSG RXL SCG SGP SLC SMI SS1 STK TCG TLC TTM USL VAU VCX WAF WGX WPR WTC
3DA AMAERO LIMITED
Industrial Sector Contractors & Engineers - Overnight Price: $0.32
Research as a Service (RaaS) rates ((3DA)) as No Rating (-1) -
Specialist in advanced materials manufacturing for the defence, aerospace and other industrial sectors Amaero issued a disappointing revenue guidance for FY26 (see also share price shellacking).
The company has blamed timing delays in contract awards and revenue recognition associated with extended US government funding delays and the 43-day US federal government shutdown in the December quarter.
Research as a Service (RaaS) also notes Amaero has also pushed, by six months, its guidance for positive adjusted EBITDA to calendar year 2027 (previously FY27).
The analyst has now lowered FY26 revenue forecast to $19m; at the mid-point of the new guidance range. DCF valuation drops to 78c from 82c.
Commentary highlights the share price is well below the revised valuation assessment.
Research as a Service (RaaS) research standard doesn't carry any targets, ratings or recommendations. Investors can draw conclusions from valuations and commentary.
This report was published on January 16, 2026.
Target price is $0.78 Current Price is $0.32 Difference: $0.46
If 3DA meets the Research as a Service (RaaS) target it will return approximately 144% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY26:
Research as a Service (RaaS) forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 4.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 8.00.
Forecast for FY27:
Research as a Service (RaaS) forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 4.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 8.00.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
AAR ASTRAL RESOURCES NL
Gold & Silver - Overnight Price: $0.25
Canaccord Genuity rates ((AAR)) as Speculative Buy (1) -
Canaccord Genuity lifted its long-term gold price forecast by 3.5% to US$4,909/oz from 2029 and raised medium-term estimates by 2.1% (2026-28). The broker's long-term forex forecasts are unchanged, leading to a 3.5% rise in gold price estimate in AUD terms to $7,013/oz.
The broker also increased the long-term silver price forecast by 36.6% to US$77.7/oz. Price targets for explorers/developers rise by 12% on average.
Target price for Astral Resources is $1.10. Speculative Buy retained.
This report was published on January 13, 2026.
Target price is $1.10 Current Price is $0.25 Difference: $0.85
If AAR meets the Canaccord Genuity target it will return approximately 340% (excluding dividends, fees and charges).
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
ABB AUSSIE BROADBAND LIMITED
Telecommunication - Overnight Price: $4.75
Jarden rates ((ABB)) as Downgrade to Neutral from Overweight (3) -
Ahead of the interim results, Jarden downgrades Aussie Broadband to Neutral from Overweight with a lower target price of $5.35 from $5.80.
The analyst also lowers EPS forecasts by -1% for FY26 and -5% for FY27, with the major concern regarding challenges to growth in residential, with consensus estimating net adds of 58k in FY26.
The company also confirmed Symbio is likely to encounter significant margin pressure from the ACCC mandated voice connection rate cuts, which will be reduced to 26c/min from 86c/min.
Consensus earnings for Symbio are also viewed as too optimistic.
This report was published on January 14, 2026.
Target price is $5.35 Current Price is $4.75 Difference: $0.6
If ABB meets the Jarden target it will return approximately 13% (excluding dividends, fees and charges).
Current consensus price target is $5.96, suggesting upside of 26.6%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 7.00 cents and EPS of 24.10 cents.
At the last closing share price the estimated dividend yield is 1.47%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.71.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 1.4%.
Current consensus EPS estimate suggests the PER is 24.0.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 10.00 cents and EPS of 32.20 cents.
At the last closing share price the estimated dividend yield is 2.11%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.75.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 25.8, implying annual growth of 31.6%.
Current consensus DPS estimate is 8.1, implying a prospective dividend yield of 1.7%.
Current consensus EPS estimate suggests the PER is 18.3.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
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