FINANCIAL NEWS
The Market In Numbers – 18 May 2024
Overviews in raw numbers and calculations that might assist investors with assessing trends and currents that might not be apparent from daily volatility and movements
9:09 AM
ASX Winners And Losers Of Today – 17-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
May 17 2024
FNArena Corporate Results Monitor – 17-05-2024
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
May 17 2024
Weekly Top Ten News Stories – 17 May 2024
Our top ten news stories from 09 May 2024 to 16 May 2024
May 17 2024
Next Week At A Glance – 20 -24 May 2024
A brief look at important company events and economic data releases next week
May 17 2024
Morgan Stanley rates ANZ as Equal-weight
Morgan Stanley has a negative stance on the major banks believing EPS and dividend growth prospects are modest due to competitive forces and material upgrades are unlikely.
While active buybacks could provide some share price support, the analysts believe they are incremental to valuation and already captured in investors' expectations.
The broker's current order of preference is National Australia Bank, ANZ Bank, Westpac and CommBank.
The target for ANZ Bank rises to $27.80 from $27.70. Industry View: In-line.
Industry view: In-Line.
Macquarie rates GNC as Outperform
GrainCorp reptored 1H24 earnings in line with the pre-guided results of $57m in net profit, observes Macquarie, which transferred analyst coverage.
Management did not change FY24 guidance and the slight lift to its through-the-cycle (TTC) earnings estimate reflects the acquisition of an animal feeds business.
The balance sheet has net cash of $495m, supportive of robust dividend payments and growth investments, notes Macquarie, including expansion in crush capacity, yet to be factored into TTC earnings projections.
FY24 EPS forecast lifts 2% on slightly lower interest and FY25 by 2% on better seasonal conditions.
Outperform rating unchanged. Target price is lifted to $9.24 from $9.02.
Click here to see full report 
ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
To display the stock analysis for a company please enter the company code:
GNC | GRAINCORP LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$8.14 16 May |
OPEN $8.15 |
HIGH $8.62 |
1,713,238 LOW $8.11 |
0.070| TARGET | |||
| $8.944 9.9% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY22 Actual |
FY23 Actual |
FY24 Forecast |
FY25 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | N/A | 30.9 | xxx |
| DPS (cps) | xxx | N/A | 36.6 | xxx |
| EPS Growth | xxx | N/A | N/A | xxx |
| DPS Growth | xxx | N/A | N/A | xxx |
| PE Ratio | xxx | N/A | 27.6 | xxx |
| Dividend Yield | xxx | N/A | 4.3% | xxx |
| Div Pay Ratio(%) | xxx | N/A | 118.5% | xxx |
DAILY FINANCIAL NEWS
The Market In Numbers – 18 May 2024
Overviews in raw numbers and calculations that might assist investors with assessing trends and currents that might not be apparent from daily volatility and movements
9:09 AM - Australia
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
May 17 2024 - Australia
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s idea is Xero
May 16 2024 - Treasure Chest
ARB Corp’s third-quarter performance showcased why shares continue to trade at a premium to the Small Industrials Index
May 16 2024 - Small Caps
Following a strong run over the last year, brokers see further upside for shares of FleetPartners following first half results
May 15 2024 - Small Caps
The stellar rate of decarbonisation has yielded astonishing step-changes in recent months across the green transition board as several key markets hit parity with fossil fuels
May 15 2024 - ESG Focus
PR NEWSWIRE
CUBE acquires global regulatory intelligence businesses from Thomson Reuters
May 17 2024 - PR NewsWire
Roborock Teams Up with “The Garfield Movie” to Give Garfield a More Pampered Life
May 17 2024 - PR NewsWire
Troy Animal Healthcare Strengthens Quality Operations with Veeva Vault Quality
May 17 2024 - PR NewsWire
CUBE acquires global regulatory intelligence businesses from Thomson Reuters
May 17 2024 - PR NewsWire
Arcadium Lithium’s CEO Paul Graves to Speak at Multiple Upcoming Conferences in the Second Quarter
May 17 2024 - PR NewsWire
Peak Technologies Australia Becomes Certified Zebra Industrial Machine Vision Systems Integrator
May 17 2024 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: ANZ, AUB, Beach Energy, CSL, Flight Centre & Newmont
By Rudi Filapek-Vandyck, Editor It is the eye-catching recurring theme in investment strategy reports and investor surveys this month: investors…
May 16 2024
DAILY MARKET REPORTS
ASX Winners And Losers Of Today – 17-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
May 17 2024
ASX Winners And Losers Of Today – 16-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
May 16 2024
Australian Broker Call *Extra* Edition – May 16, 2024
Extra Edition of the Broker Call Report
May 16 2024
The Overnight Report: Hello, Mr Blue Sky
A global perspective on what happened overnight
May 16 2024
WEEKLY REPORTS
Weekly Top Ten News Stories – 17 May 2024
Our top ten news stories from 09 May 2024 to 16 May 2024
May 17 2024
Next Week At A Glance – 20 -24 May 2024
A brief look at important company events and economic data releases next week
May 17 2024
In Case You Missed It – BC Extra Upgrades & Downgrades – 17-05-24
A summary of the highlights from Broker Call Extra updates throughout the week past
May 17 2024
In Brief: Budget 2024/25, Iron Ore & Milk
Weekly Broker Wrap: impact of the 2024/25 Budget on critical minerals, listed property and healthcare; iron ore pricing; and dairy fundamentals & pricing
May 17 2024
The Short Report – 16 May 2024
FNArena’s weekly update on short positions in the Australian share market
May 16 2024
Uranium Week: US Boycott Enthusiasm Fades
NexGen Energy’s convertible nuclear deal stole the show in a week that saw market enthusiasm evaporate by Friday
May 14 2024
Weekly Update On LICs & LITs – 14-May-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
May 14 2024
Australian Listed Real Estate Tables – 13-05-2024
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
May 13 2024
Weekly Ratings, Targets, Forecast Changes – 10-05-24
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
May 13 2024
THE MARKETS
-
Australia
18 May 2024 Updated : 14:12 AEDT
SPI Overnight
7875.00
-44.00
-0.56%
NZ50
11699.790
-28.270
-0.240%
All Ordinaries
8082.30
-67.80
-0.83%
S&P ASX 200
7814.40
-66.90
-0.85%
S&P ASX 300
7764.30
-64.80
-0.83%
Communication Services
1510.40
-15.10
-0.99%
Consumer Discretionary
3532.10
-44.00
-1.23%
Consumer Staples
11864.50
-68.30
-0.57%
Energy
10130.30
-139.30
-1.36%
Financials
7370.00
-49.40
-0.67%
Health Care
42736.50
-990.70
-2.27%
Industrials
6834.70
-74.70
-1.08%
Info Technology
2239.00
-70.50
-3.05%
Materials
18581.20
+71.50
0.39%
Real Estate
3693.40
-66.10
-1.76%
Utilities
9012.80
-115.50
-1.27%
A-REITs
1679.40
-29.90
-1.75%
All Technology Index
3045.20
-64.40
-2.07%
Banks
3084.30
-11.50
-0.37%
Gold Index
7775.40
-98.10
-1.25%
Metals & Mining
6122.20
+43.20
0.71%
-
World
18 May 2024 Updated : 14:12 AEDT
CAD/USD
0.7343
+0.00
0.16%
EUR/JPY
169.57
+0.58
0.34%
EUR/USD
1.0896
+0.01
0.49%
GBP/USD
1.2705
+0.01
0.42%
USD/JPY
155.68
-0.18
-0.11%
-
Aus Stocks
18 May 2024 Updated : 14:12 AEDT
Amcor (US)
10.27
-0.09
-0.87%
Newmont (US)
43.74
+0.90
2.10%
Rio Tinto (UK)
5785.00
+136.00
2.41%
BHP Group (US)
61.47
+1.45
2.42%
Rio Tinto (US)
73.61
+1.70
2.36%
ResMed (US)
218.57
-1.40
-0.64%
South32 (UK)
199.50
+3.30
1.68%
James Hardie (US)
36.76
-0.55
-1.47%
Janus Henderson (US)
34.37
+0.14
0.41%
Click item/line to change chart
Click item/line to change chart
CALENDAR
Monday, 20 May 2024
EZ German PPI m/m 29M AGM AFP earnings report BDM AGM BRN AGM ELD earnings report GTX earnings report Tuesday, 21 May 2024
AU minutes of RBA meeting AU Westpac Consumer Sentiment EZ trade balance, Mar ALQ earnings report AMC ex-div 19.32c (0%) ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$35.27
CSL CSL LIMITED
$280.00
REA REA GROUP LIMITED
$188.59
TNE TECHNOLOGY ONE LIMITED
$15.85
WOW WOOLWORTHS GROUP LIMITED
$31.65
WEEKLY PDF
Stories To Read From FNArena
WEEK 20
WEEK 19
WEEK 18
WEEK 17
WEEK 16
FNARENA TALKS
-
Click item/line to change chart
-
Click item/line to change chart
FNARENA WINDOWS
Window on ACCOUNTANCY
Treasure Chest: Xero
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s idea is Xero
May 16 2024
Window on AUTOMOBILES & COMPONENTS
Premium ARB Corp Keeps Delivering The Goods
ARB Corp’s third-quarter performance showcased why shares continue to trade at a premium to the Small Industrials Index
May 16 2024
Window on BANKS
Rudi’s View: ANZ, AUB, Beach Energy, CSL, Flight Centre & Newmont
By Rudi Filapek-Vandyck, Editor It is the eye-catching recurring theme in investment strategy reports and investor surveys this month: investors…
May 16 2024
SMSFUNDAMENTALS
The Hedge Fund Whisperers: Hints For Retail Investors To Unlock Alpha
Hedge funds have long been shrouded in secrecy, their billion-dollar bets whispered only in hushed tones within mahogany-lined conference rooms. These whispers can be harnessed for the astute retail investor. A succinct guide
May 02 2024