Australian Broker Call

Ord Minnett rates ABG as Accumulate (2) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Property sector.

The broker changes estimates as market interest rates ease in the commercial space and lenders relax their restrictions. It's felt the sector will receive a boost from expected falls in official interest rates in 2025, if not sooner.

For Accumulate-rated Abacus Group, a target of $1.35 is set.

Target price is $1.35 Current Price is $1.28 Difference: $0.07
If ABG meets the Ord Minnett target it will return approximately 5% (excluding dividends, fees and charges).

Current consensus price target is $1.26, suggesting upside of 0.2% (ex-dividends)

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 0.6

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates AGL as Buy (1) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Energy sector after adjusting price forecasts for commodities. The new Australian dollar forecast rises by 3% to US6900.

The broker lowers its oil forecast to US$71/bbl, down -10% on the prior estimate, while the spot LNG price estimate rises by 3% to US$13.5/mmBtu. The spot Henry Hub is decreased by -3% to US$3.4/mmBtu. 

The target for AGL Energy rises to $13.80. Buy.

Target price is $13.80 Current Price is $11.95 Difference: $1.85
If AGL meets the Ord Minnett target it will return approximately 15% (excluding dividends, fees and charges).

Current consensus price target is $12.24, suggesting upside of 2.8% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 0.5

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates AMP as Accumulate (2) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Insurance and Diversified Financial sector.

The broker adjusts for the latest moves in interest rates, credit spreads and bond markets, as well as equity market performance.

For AMP, the target is $1.45. Accumulate.

Target price is $1.45 Current Price is $1.32 Difference: $0.13
If AMP meets the Ord Minnett target it will return approximately 10% (excluding dividends, fees and charges).

Current consensus price target is $1.35, suggesting upside of 1.5% (ex-dividends)

Forecast for FY24:

Forecast for FY25:

Market Sentiment: 0.3

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates APA as Accumulate (2) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Energy sector after adjusting price forecasts for commodities. The new Australian dollar forecast rises by 3% to US6900.

The broker lowers its oil forecast to US$71/bbl, down -10% on the prior estimate, while the spot LNG price estimate rises by 3% to US$13.5/mmBtu. The spot Henry Hub is decreased by -3% to US$3.4/mmBtu. 

The target for APA Group is $8.60. Accumulate.

Target price is $8.60 Current Price is $7.49 Difference: $1.11
If APA meets the Ord Minnett target it will return approximately 15% (excluding dividends, fees and charges).

Current consensus price target is $8.42, suggesting upside of 12.4% (ex-dividends)

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 0.3

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates ARF as Accumulate (2) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Property sector.

The broker changes estimates as market interest rates ease in the commercial space and lenders relax their restrictions. It's felt the sector will receive a boost from expected falls in official interest rates in 2025, if not sooner.

For Accumulate-rated Arena REIT, a target of $4.40 is set.

Target price is $4.40 Current Price is $4.23 Difference: $0.17
If ARF meets the Ord Minnett target it will return approximately 4% (excluding dividends, fees and charges).

Current consensus price target is $4.35, suggesting upside of 4.6% (ex-dividends)

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 0.4

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates ASK as Buy (1) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Property sector.

The broker changes estimates as market interest rates ease in the commercial space and lenders relax their restrictions. It's felt the sector will receive a boost from expected falls in official interest rates in 2025, if not sooner.

For Buy-rated Abacus Storage King, a target of $1.50 is set.

Target price is $1.50 Current Price is $1.32 Difference: $0.185
If ASK meets the Ord Minnett target it will return approximately 14% (excluding dividends, fees and charges).

Current consensus price target is $1.42, suggesting upside of 7.3% (ex-dividends)

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 1.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates BPT as Buy (1) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Energy sector after adjusting price forecasts for commodities. The new Australian dollar forecast rises by 3% to US6900.

The broker lowers its oil forecast to US$71/bbl, down -10% on the prior estimate, while the spot LNG price estimate rises by 3% to US$13.5/mmBtu. The spot Henry Hub is decreased by -3% to US$3.4/mmBtu. 

The target for Beach Energy is $1.65. Buy.

Target price is $1.65 Current Price is $1.27 Difference: $0.38
If BPT meets the Ord Minnett target it will return approximately 30% (excluding dividends, fees and charges).

Current consensus price target is $1.45, suggesting upside of 13.6% (ex-dividends)

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 0.3

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Citi rates BSL as Buy (1) -

Citi revises earnings forecasts for BlueScope Steel on the back of changes to commodity prices and an increase in scrap use at Port Kembla which is expected to lower demand for iron ore.

Adjusting for changes in commodity price forecasts, including lower coking coal price estimates in 2026 and 2027, as well as changes to steel price forecasts, the broker lowers FY25 EPS forecasts by -4.8% and lifts FY26 EPS by 1.7%.

Buy rating and $23 target price maintained.

Target price is $23.00 Current Price is $21.81 Difference: $1.19
If BSL meets the Citi target it will return approximately 5% (excluding dividends, fees and charges).

Current consensus price target is $22.25, suggesting upside of 0.8% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 0.5

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates CGF as Buy (1) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Insurance and Diversified Financial sector.

The broker adjusts for the latest moves in interest rates, credit spreads and bond markets, as well as equity market performance.

For Challenger, the target is $7.95. Buy.

Target price is $7.95 Current Price is $6.63 Difference: $1.32
If CGF meets the Ord Minnett target it will return approximately 20% (excluding dividends, fees and charges).

Current consensus price target is $7.90, suggesting upside of 17.8% (ex-dividends)

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 0.8

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates CHC as Hold (3) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Property sector.

The broker changes estimates as market interest rates ease in the commercial space and lenders relax their restrictions. It's felt the sector will receive a boost from expected falls in official interest rates in 2025, if not sooner.

For Hold-rated Charter Hall, a target of $15.00 is set.

Target price is $15.00 Current Price is $15.92 Difference: minus $0.92 (current price is over target).
If CHC meets the Ord Minnett target it will return approximately minus 6% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $15.50, suggesting downside of -2.1% (ex-dividends)

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 0.4

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates CIP as Accumulate (2) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Property sector.

The broker changes estimates as market interest rates ease in the commercial space and lenders relax their restrictions. It's felt the sector will receive a boost from expected falls in official interest rates in 2025, if not sooner.

For Accumulate-rated Centuria Industrial REIT, a target of $3.35 is set.

Target price is $3.35 Current Price is $3.22 Difference: $0.13
If CIP meets the Ord Minnett target it will return approximately 4% (excluding dividends, fees and charges).

Current consensus price target is $3.51, suggesting upside of 8.6% (ex-dividends)

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 0.3

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates CNI as Hold (3) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Property sector.

The broker changes estimates as market interest rates ease in the commercial space and lenders relax their restrictions. It's felt the sector will receive a boost from expected falls in official interest rates in 2025, if not sooner.

For Hold-rated Centuria Capital, a target of $2.00 is set.

Target price is $2.00 Current Price is $2.01 Difference: minus $0.01 (current price is over target).
If CNI meets the Ord Minnett target it will return approximately minus 0% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $1.97, suggesting downside of -0.9% (ex-dividends)

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 0.2

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates CQE as Buy (1) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Property sector.

The broker changes estimates as market interest rates ease in the commercial space and lenders relax their restrictions. It's felt the sector will receive a boost from expected falls in official interest rates in 2025, if not sooner.

For Buy-rated Charter Hall Social Infrastructure REIT, a target of $3.15 is set.

Target price is $3.15 Current Price is $2.88 Difference: $0.27
If CQE meets the Ord Minnett target it will return approximately 9% (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

Ord Minnett rates CVN as Buy (1) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Energy sector after adjusting price forecasts for commodities. The new Australian dollar forecast rises by 3% to US6900.

The broker lowers its oil forecast to US$71/bbl, down -10% on the prior estimate, while the spot LNG price estimate rises by 3% to US$13.5/mmBtu. The spot Henry Hub is decreased by -3% to US$3.4/mmBtu. 

The target for Carnarvon Energy is 21c. Buy.

Target price is $0.21 Current Price is $0.17 Difference: $0.045
If CVN meets the Ord Minnett target it will return approximately 27% (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

Ord Minnett rates DXS as Buy (1) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Property sector.

The broker changes estimates as market interest rates ease in the commercial space and lenders relax their restrictions. It's felt the sector will receive a boost from expected falls in official interest rates in 2025, if not sooner.

For Buy-rated Dexus, a target of $8.25 is set.

Target price is $8.25 Current Price is $7.77 Difference: $0.48
If DXS meets the Ord Minnett target it will return approximately 6% (excluding dividends, fees and charges).

Current consensus price target is $7.84, suggesting upside of 2.3% (ex-dividends)

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 0.2

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates GMG as Accumulate (2) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Property sector.

The broker changes estimates as market interest rates ease in the commercial space and lenders relax their restrictions. It's felt the sector will receive a boost from expected falls in official interest rates in 2025, if not sooner.

For Accumulate-rated Goodman Group, a target of $35 is set.

Target price is $35.00 Current Price is $37.07 Difference: minus $2.07 (current price is over target).
If GMG meets the Ord Minnett target it will return approximately minus 6% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $37.53, suggesting upside of 2.8% (ex-dividends)

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 0.3

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates GOZ as Buy (1) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Property sector.

The broker changes estimates as market interest rates ease in the commercial space and lenders relax their restrictions. It's felt the sector will receive a boost from expected falls in official interest rates in 2025, if not sooner.

For Buy-rated Growthpoint Properties Australia, a target of $3.00 is set.

Target price is $3.00 Current Price is $2.72 Difference: $0.28
If GOZ meets the Ord Minnett target it will return approximately 10% (excluding dividends, fees and charges).

Current consensus price target is $2.65, suggesting downside of -2.2% (ex-dividends)

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 0.7

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates GPT as Accumulate (2) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Property sector.

The broker changes estimates as market interest rates ease in the commercial space and lenders relax their restrictions. It's felt the sector will receive a boost from expected falls in official interest rates in 2025, if not sooner.

For Accumulate-rated GPT Group, a target of $5.10 is set.

Target price is $5.10 Current Price is $5.04 Difference: $0.06
If GPT meets the Ord Minnett target it will return approximately 1% (excluding dividends, fees and charges).

Current consensus price target is $5.27, suggesting upside of 5.2% (ex-dividends)

Forecast for FY24:

Forecast for FY25:

Market Sentiment: 0.9

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates HMC as Sell (5) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Property sector.

The broker changes estimates as market interest rates ease in the commercial space and lenders relax their restrictions. It's felt the sector will receive a boost from expected falls in official interest rates in 2025, if not sooner.

For Sell-rated HMC Capital a $6.50 target is set.

Target price is $6.50 Current Price is $8.56 Difference: minus $2.06 (current price is over target).
If HMC meets the Ord Minnett target it will return approximately minus 24% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $8.10, suggesting downside of -5.7% (ex-dividends)

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 0.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates IAG as Buy (1) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Insurance and Diversified Financial sector.

The broker adjusts for the latest moves in interest rates, credit spreads and bond markets, as well as equity market performance.

For Insurance Australia Group, the target is $8.40. Buy.

Target price is $8.40 Current Price is $7.43 Difference: $0.97
If IAG meets the Ord Minnett target it will return approximately 13% (excluding dividends, fees and charges).

Current consensus price target is $7.72, suggesting upside of 3.9% (ex-dividends)

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 0.5

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates KAR as Buy (1) -

Following the end of the September quarter, Ord Minnett updates earnings for stocks under coverage in the Energy sector after adjusting price forecasts for commodities. The new Australian dollar forecast rises by 3% to US6900.

The broker lowers its oil forecast to US$71/bbl, down -10% on the prior estimate, while the spot LNG price estimate rises by 3% to US$13.5/mmBtu. The spot Henry Hub is decreased by -3% to US$3.4/mmBtu. 

The target for Karoon Energy is $2.40. Buy.

Target price is $2.40 Current Price is $1.65 Difference: $0.755
If KAR meets the Ord Minnett target it will return approximately 46% (excluding dividends, fees and charges).

Current consensus price target is $2.28, suggesting upside of 39.6% (ex-dividends)

Forecast for FY24:

Forecast for FY25:

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: 0.8

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates MGR as Hold (3) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Property sector.

The broker changes estimates as market interest rates ease in the commercial space and lenders relax their restrictions. It's felt the sector will receive a boost from expected falls in official interest rates in 2025, if not sooner.

For Hold-rated Mirvac Group a target of $2.15 is set.

Target price is $2.15 Current Price is $2.20 Difference: minus $0.05 (current price is over target).
If MGR meets the Ord Minnett target it will return approximately minus 2% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $2.21, suggesting upside of 1.5% (ex-dividends)

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 0.4

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates NSR as Hold (3) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Property sector.

The broker changes estimates as market interest rates ease in the commercial space and lenders relax their restrictions. It's felt the sector will receive a boost from expected falls in official interest rates in 2025, if not sooner.

For Hold-rated National Storage REIT, a target of $2.50 is set.

Target price is $2.50 Current Price is $2.53 Difference: minus $0.03 (current price is over target).
If NSR meets the Ord Minnett target it will return approximately minus 1% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $2.54, suggesting upside of 3.1% (ex-dividends)

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 0.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates ORG as Buy (1) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Energy sector after adjusting price forecasts for commodities. The new Australian dollar forecast rises by 3% to US6900.

The broker lowers its oil forecast to US$71/bbl, down -10% on the prior estimate, while the spot LNG price estimate rises by 3% to US$13.5/mmBtu. The spot Henry Hub is decreased by -3% to US$3.4/mmBtu. 

The target for Origin Energy is $11.20. Buy.

Target price is $11.20 Current Price is $10.34 Difference: $0.86
If ORG meets the Ord Minnett target it will return approximately 8% (excluding dividends, fees and charges).

Current consensus price target is $10.63, suggesting upside of 4.7% (ex-dividends)

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 0.6

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates RGN as Accumulate (2) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Property sector.

The broker changes estimates as market interest rates ease in the commercial space and lenders relax their restrictions. It's felt the sector will receive a boost from expected falls in official interest rates in 2025, if not sooner.

For Accumulate-rated Region Group, a target of $2.35 is set.

Target price is $2.35 Current Price is $2.28 Difference: $0.07
If RGN meets the Ord Minnett target it will return approximately 3% (excluding dividends, fees and charges).

Current consensus price target is $2.50, suggesting upside of 10.7% (ex-dividends)

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 0.5

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates SCG as Accumulate (2) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Property sector.

The broker changes estimates as market interest rates ease in the commercial space and lenders relax their restrictions. It's felt the sector will receive a boost from expected falls in official interest rates in 2025, if not sooner.

For Accumulate-rated Scentre Group, a target of $3.90 is set.

Target price is $3.90 Current Price is $3.59 Difference: $0.31
If SCG meets the Ord Minnett target it will return approximately 9% (excluding dividends, fees and charges).

Current consensus price target is $3.68, suggesting upside of 3.5% (ex-dividends)

Forecast for FY24:

Forecast for FY25:

Market Sentiment: 0.3

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates SDF as Buy (1) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Insurance and Diversified Financial sector.

The broker adjusts for the latest moves in interest rates, credit spreads and bond markets, as well as equity market performance.

For Steadfast Group, the target is $7.15. Buy.

Target price is $7.15 Current Price is $5.61 Difference: $1.54
If SDF meets the Ord Minnett target it will return approximately 27% (excluding dividends, fees and charges).

Current consensus price target is $6.82, suggesting upside of 20.8% (ex-dividends)

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 0.8

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates SGP as Hold (3) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Property sector.

The broker changes estimates as market interest rates ease in the commercial space and lenders relax their restrictions. It's felt the sector will receive a boost from expected falls in official interest rates in 2025, if not sooner.

For Hold-rated Stockland a target of $5.15 is set.

Target price is $5.15 Current Price is $5.32 Difference: minus $0.17 (current price is over target).
If SGP meets the Ord Minnett target it will return approximately minus 3% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $5.53, suggesting upside of 4.3% (ex-dividends)

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 0.5

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgans rates SGR as Downgrade to Reduce from Hold (5) -

Star Entertainment reported FY24 results in line with June's guidance, the analyst at Morgans highlights.

The appointment of Steve McCann is believed to be positive and may improve the chances of "reclaiming" the license in Sydney. But the broker remains concerned about the change to mandatory card play (MCP)) and cash limits in NSW.

MCP will be enforceable across entire gaming floors by October which is considered likely to result in a further decline in trading into September from August's fall of -11%. The policies may eventually be put in place in Qld.

Rising costs are also impacting with the possibility of brand cannibalisation of the Gold Coast property from Queens Wharf Brisbane, the broker suggests.

Morgans decreases EPS forecasts substantially, almost -600% in FY25 and -41.4% in FY26.

Stock is downgraded to Reduce from Hold with a 22c target price.

Target price is $0.22 Current Price is $0.27 Difference: minus $0.045 (current price is over target).
If SGR meets the Morgans target it will return approximately minus 17% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $0.32, suggesting upside of 8.6% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY25:

Forecast for FY26:

Market Sentiment: -0.3

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgans rates SKS as Initiation of coverage with Add (1) -

Morgans initiate coverage of SKS Technologies with an Add rating and $1.80 target price.

The company specialises in design/installation of electrical, audio visual and communication networking solutions with direct exposure to data centres, defence, mining, health, retail and commercial buildings, the broker observes.

Morgans is very upbeat on growth in demand from the investment expansion in data centres, including by NextDC((NXT)), Infratil ((IFT)) and AirTrunk.

SKS Technologies' FY25 revenue guidance of 90% growth to $260m underpins the analyst's EBITDA expectations of 125% growth in FY25 and a forecast EPS increase of 75.8%.

Target price is $1.80 Current Price is $1.40 Difference: $0.4
If SKS meets the Morgans target it will return approximately 29% (excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 1.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates STO as Buy (1) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Energy sector after adjusting price forecasts for commodities. The new Australian dollar forecast rises by 3% to US6900.

The broker lowers its oil forecast to US$71/bbl, down -10% on the prior estimate, while the spot LNG price estimate rises by 3% to US$13.5/mmBtu. The spot Henry Hub is decreased by -3% to US$3.4/mmBtu. 

The target for Santos is $8.40. Buy.

Target price is $8.40 Current Price is $7.30 Difference: $1.1
If STO meets the Ord Minnett target it will return approximately 15% (excluding dividends, fees and charges).

Current consensus price target is $8.22, suggesting upside of 12.2% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY24:

Forecast for FY25:

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: 0.7

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates SUN as Accumulate (2) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Insurance and Diversified Financial sector.

The broker adjusts for the latest moves in interest rates, credit spreads and bond markets, as well as equity market performance.

For Suncorp Group, the target is $19.65. Accumulate.

Target price is $19.65 Current Price is $17.93 Difference: $1.72
If SUN meets the Ord Minnett target it will return approximately 10% (excluding dividends, fees and charges).

Current consensus price target is $18.80, suggesting upside of 4.0% (ex-dividends)

Forecast for FY25:

Forecast for FY26:

Market Sentiment: 0.6

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates VCX as Accumulate (2) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Property sector.

The broker changes estimates as market interest rates ease in the commercial space and lenders relax their restrictions. It's felt the sector will receive a boost from expected falls in official interest rates in 2025, if not sooner.

For Accumulate-rated Vicinity Centres, a target of $2.40 is set.

Target price is $2.40 Current Price is $2.27 Difference: $0.13
If VCX meets the Ord Minnett target it will return approximately 6% (excluding dividends, fees and charges).

Current consensus price target is $2.23, suggesting downside of -0.5% (ex-dividends)

Forecast for FY25:

Forecast for FY26:

Market Sentiment: -0.1

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates VEA as Buy (1) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Energy sector after adjusting price forecasts for commodities. The new Australian dollar forecast rises by 3% to US6900.

The broker lowers its oil forecast to US$71/bbl, down -10% on the prior estimate, while the spot LNG price estimate rises by 3% to US$13.5/mmBtu. The spot Henry Hub is decreased by -3% to US$3.4/mmBtu. 

The target for Viva Energy is $3.70. Buy.

Target price is $3.70 Current Price is $3.02 Difference: $0.68
If VEA meets the Ord Minnett target it will return approximately 23% (excluding dividends, fees and charges).

Current consensus price target is $3.76, suggesting upside of 23.7% (ex-dividends)

Forecast for FY24:

Forecast for FY25:

Market Sentiment: 0.8

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates WDS as Hold (3) -

Following the end of the September quarter, Ord Minnett updates earnings forecasts for stocks under coverage in the Energy sector after adjusting price forecasts for commodities. The new Australian dollar forecast rises by 3% to US6900.

The broker lowers its oil forecast to US$71/bbl, down -10% on the prior estimate, while the spot LNG price estimate rises by 3% to US$13.5/mmBtu. The spot Henry Hub is decreased by -3% to US$3.4/mmBtu. 

The target for Woodside Energy is $26.00. Hold.

Target price is $26.00 Current Price is $26.64 Difference: minus $0.64 (current price is over target).
If WDS meets the Ord Minnett target it will return approximately minus 2% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $28.89, suggesting upside of 7.8% (ex-dividends)

Forecast for FY24:

Forecast for FY25:

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: 0.2

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources