Daily Market Reports | 11:15 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)
ACF ARU AUE AXQ AZY BET BPT CQR CSX CU6 FLC HGO LNW MYE PV1 SHV TCG TOR VAU
BPT BEACH ENERGY LIMITED
Crude Oil - Overnight Price: $0.82
Canaccord Genuity rates ((BPT)) as Buy (1) -
Canaccord Genuity maintains a Buy rating for Beach Energy with its target price decreased to $1.15 from $1.20 following the release of full-year financial results.
The company delivered a slight earnings beat for FY26 driven by disciplined cost management and targeted gas marketing that lifted the average realised gas price 7% to $11.5/GJ.
The analyst notes management's softer production guidance of 19.5-23.0mmboe and elevated capital expenditure outlook of -$600m–$700m will likely pressure near-term free cash flow.
While the proposed Federal Government gas reservation policy remains an overhang, the analyst anticipates resilient realisations moving forward, supported by recent Cooper Basin joint venture re-contracting.
The broker's estimates adjust for the escalated capital expenditure outlook, offsetting the benefits of higher realisations across the valuation model.
This report was published on August 10, 2026.
Target price is $1.15 Current Price is $0.82 Difference: $0.325
If BPT meets the Canaccord Genuity target it will return approximately 39% (excluding dividends, fees and charges).
Current consensus price target is $0.86, suggesting downside of -0.8%(ex-dividends)
Forecast for FY27:
Current consensus EPS estimate is 13.5, implying annual growth of 9.4%.
Current consensus DPS estimate is 2.5, implying a prospective dividend yield of 2.9%.
Current consensus EPS estimate suggests the PER is 6.4.
Forecast for FY28:
Current consensus EPS estimate is 13.8, implying annual growth of 2.2%.
Current consensus DPS estimate is 3.4, implying a prospective dividend yield of 3.9%.
Current consensus EPS estimate suggests the PER is 6.3.
Market Sentiment: -0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
CQR CHARTER HALL RETAIL REIT
REITs - Overnight Price: $4.24
Moelis rates ((CQR)) as Downgrade to Hold from Buy (3) -
Moelis downgrades Charter Hall Retail REIT to a Hold rating while its target price is increased to $4.51 from $4.48 on valuation grounds.
The trust delivered a solid full-year operating result supported by active portfolio curation and debt refinancing, though higher interest rate assumptions lead to lower per-share earnings estimates.
Look-through gearing remains elevated above 40%, leaving earnings sensitive to interest rate movements as debt hedging coverage rolls off into FY28.
Operating performance across the underlying portfolio remains robust, with same-property net property income growing 3.0% and shopping centre vacancy tightening to a 15-year low of 0.9%.
Shares trade at an implied capitalisation rate of 6.0%, which the analyst views as relatively inexpensive but sitting close to fair value following recent share price outperformance.
This report was published on August 10, 2026.
Target price is $4.51 Current Price is $4.24 Difference: $0.27
If CQR meets the Moelis target it will return approximately 6% (excluding dividends, fees and charges).
Current consensus price target is $4.38, suggesting upside of 3.9%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 26.40 cents and EPS of 27.30 cents.
At the last closing share price the estimated dividend yield is 6.23%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.53.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 26.5, implying annual growth of -60.4%.
Current consensus DPS estimate is 26.2, implying a prospective dividend yield of 6.2%.
Current consensus EPS estimate suggests the PER is 15.9.
Forecast for FY28:
Moelis forecasts a full year FY28 dividend of 26.80 cents and EPS of 27.60 cents.
At the last closing share price the estimated dividend yield is 6.32%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.36.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 27.8, implying annual growth of 4.9%.
Current consensus DPS estimate is 26.7, implying a prospective dividend yield of 6.3%.
Current consensus EPS estimate suggests the PER is 15.1.
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
CSX CLEANSPACE HOLDINGS LIMITED
Medical Equipment & Devices - Overnight Price: $0.42
Research as a Service (RaaS) rates ((CSX)) as No Rating (-1) -
CleanSpace has a new $1.9m contract with an Indonesian mining customer, the largest single order in its history, Research as a Service (RaaS) observes.
The order is set for fulfilment in the first quarter of FY27. The order represents 85% of the analyst's current first half APAC hardware revenue estimate and 15% of the total first half hardware revenue estimate.
Valuation of $0.90 is unchanged. The company reports its FY26 results on August 28.
Research as a Service (RaaS) research does not carry any targets, ratings or recommendations. Investors can draw conclusions from valuations and commentary.
This report was published on August 10, 2026.
Target price is $0.90 Current Price is $0.42 Difference: $0.48
If CSX meets the Research as a Service (RaaS) target it will return approximately 114% (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 0.40 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 105.00.
Forecast for FY27:
Research as a Service (RaaS) forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.40 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 30.00.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
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