Daily Market Reports | 12:02 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)
29M 3DA AIA AMP APZ BEN BNZ CGF CGS CIA CSL FMG GG8 HUB IGO KLS LTR MIN MTM NWL ORA PLS PLT SFR (2) SPG STN SYR TCL TLC TLX TOR WAF
29M 29METALS LIMITED
Copper - Overnight Price: $0.39
Jarden rates ((29M)) as Underweight (4) -
Jarden marks to market March quarter prices for copper, lithium and graphite. Near-term cost assumptions are also raised across its resources coverage to reflect higher diesel prices, impacting haulage, equipment, contractors and consumables.
Even if the Strait of Hormuz fully reopens, disruption since early March has already depleted reserves, the analysts caution. The Iran conflict has reshaped supply chains and, in the broker's view, embedded lasting cost inflation across the mining sector.
Jarden has increased its medium-term (lithium) SC6 price forecasts across FY26-FY29. The broker also raises its long-term gold price to US$3,000/oz (real) and silver to US$40/oz (real), while maintaining its long-term copper price at US$5.00/lb (real).
The Underweight rating is retained for 29Metals. The target is increased to 38c from 35c.
This report was published on April 10, 2026.
Target price is $0.38 Current Price is $0.39 Difference: minus $0.01 (current price is over target).
If 29M meets the Jarden target it will return approximately minus 3% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $0.53, suggesting upside of 35.9%(ex-dividends)
The company's fiscal year ends in December.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 3.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 10.83.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 0.5, implying annual growth of -69.3%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 78.0.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 2.10 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.57.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 2.7, implying annual growth of 440.0%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 14.4.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
3DA AMAERO LIMITED
Industrial Sector Contractors & Engineers - Overnight Price: $0.32
Research as a Service (RaaS) rates ((3DA)) as No Rating (-1) -
Amaero has secured a $7.8m titanium powder order under a Master Purchasing Agreement, with scope for additional orders as customer demand grows, Research as a Service (RaaS) highlights.
Management expects further orders in FY27 and plans to double titanium powder production over FY26, supported by a pipeline of opportunities that could exceed 100 tonnes annually, the analyst explains.
RaaS forecasts strong revenue growth, up 128% in FY26, as production ramps across its first three EIGA units.
A valuation of 72c is maintained.
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 April 13, 2026.
Target price is $0.72 Current Price is $0.32 Difference: $0.4
If 3DA meets the Research as a Service (RaaS) target it will return approximately 125% (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 2.90 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 11.03.
Forecast for FY27:
Research as a Service (RaaS) forecasts a full year FY27 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 18.82.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
AIA AUCKLAND INTERNATIONAL AIRPORT LIMITED
Infrastructure & Utilities - Overnight Price: $6.85
Jarden rates ((AIA)) as Neutral (3) -
Jarden maintains a Neutral rating on Auckland International Airport following a review of capacity data.
The broker observes while seat capacity has reduced since the start of the Middle East conflict, the impact on overall passenger volumes has been limited to date.
Commentary suggests higher airfares and elevated uncertainty present a risk of demand suppression in the coming months, prompting a reduction in FY26 passenger volume projections by -1.6%.
Normalised NPAT forecasts for FY26 and FY27 have been revised down by -2% and -1%, respectively, to reflect a modestly lower volume outlook.
The 12-month target price decreases to NZ$7.97 from NZ$8.14 primarily as a result of higher risk-free rates in the valuation.
This report was published on April 8, 2026.
Target price is $7.97 Current Price is $6.85 Difference: $1.12
If AIA meets the Jarden target it will return approximately 16% (excluding dividends, fees and charges).
Current consensus price target is $7.26, suggesting upside of 7.2%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 11.95 cents and EPS of 15.22 cents.
At the last closing share price the estimated dividend yield is 1.74%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 45.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 15.2, implying annual growth of N/A.
Current consensus DPS estimate is 10.9, implying a prospective dividend yield of 1.6%.
Current consensus EPS estimate suggests the PER is 44.5.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 12.83 cents and EPS of 18.32 cents.
At the last closing share price the estimated dividend yield is 1.87%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 37.39.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 15.9, implying annual growth of 4.6%.
Current consensus DPS estimate is 11.5, implying a prospective dividend yield of 1.7%.
Current consensus EPS estimate suggests the PER is 42.6.
This company reports in NZD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
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