FINANCIAL NEWS
ASX Winners And Losers Of Today – 10-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
6:35 PM
FNArena Corporate Results Monitor – 10-05-2024
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
12:01 PM
In Case You Missed It – BC Extra Upgrades & Downgrades – 10-05-24
A summary of the highlights from Broker Call Extra updates throughout the week past
11:30 AM
Weekly Top Ten News Stories – 10 May 2024
Our top ten news stories from 02 May 2024 to 09 May 2024
11:20 AM
Next Week At A Glance – 13-17 May 2024
A brief look at important company events and economic data releases next week
11:15 AM
Macquarie rates AGI as Outperform
Ainsworth Game Technology expects to report $13-15m in underlying profit in the first half, which is around -40% below a year ago and represents material degradation sequentially, Macquarie notes.
The main impacts relate to product timing delays with regulatory approvals along with lower outright sales into Latin America.
The delays with regulatory approvals is disappointing, and while a timing issue, it does potentially delay product sales, which may have resulted from the recent improved product performance, the broker suggests.
Ainsworth has also put the strategic review on hold to better focus on the core business, which management suggests is not performing at a level reflective of investments undertaken. Downgrade to Neutral from Outperform, target falls to $1.10 from $1.45.
Bell Potter rates NEU as Buy
Bell Potter expects FY24 to be a strong year for Neuren Pharmaceuticals despite a miss on the 1Q24 Daybue sales. Management pre-flagged weaker trading for Dec/Jan as holiday months.
Daybue sales are forecast to improve. Guidance was confirmed at US$370-$420m and 862 US patients were on Daybue at the start of May.
Although flat on the February update, net patients have been trending higher in the last six weeks and persistence of 58% is meeting the broker's expectations.
Due to a slight downgrade in the analyst's revenue forecasts, the target price is lowered to $26.50 from $27. Unchanged Buy rating.
Citi rates ORI as Neutral
Orica's 1H earnings (EBIT) exceeded the consensus forecast by 7%, while the 19cps interim dividend was in line, notes Citi. The earnings (EBITDA) margin lifted to 15%, around 20% higher than expectations.
The company expects earnings for FY24 from underlying business (ex Terra Insights and Cyanco) will be higher than FY23, and slightly better than management's expectation at the FY23 result. Management is also confident on the FY25 outlook.
The broker's target rises to $19.50 from $19 after increasing earnings forecasts due to margin improvement in the 1H, which is expected to continue. The Neutral rating is maintained.
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ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
To display the stock analysis for a company please enter the company code:
ORI | ORICA LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$18.40 09 May |
OPEN $18.67 |
HIGH $18.75 |
1,377,229 LOW $17.95 |
0.100| TARGET | |||
| $19.283 4.8% upside | |||
| Franking for last dividend paid out: 0% |
| Title | FY22 Actual |
FY23 Actual |
FY24 Forecast |
FY25 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | N/A | 88.8 | xxx |
| DPS (cps) | xxx | N/A | 46.0 | xxx |
| EPS Growth | xxx | N/A | N/A | xxx |
| DPS Growth | xxx | N/A | N/A | xxx |
| PE Ratio | xxx | N/A | 20.6 | xxx |
| Dividend Yield | xxx | N/A | 2.5% | xxx |
| Div Pay Ratio(%) | xxx | N/A | 51.8% | xxx |
DAILY FINANCIAL NEWS
FNArena Corporate Results Monitor – 10-05-2024
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
12:01 PM - Australia
Goodman Group’s March quarter update included increased guidance on the back of data centre demand
May 09 2024 - Australia
The Chartist’s stance is to be neutral on the Aussie for now, but ‘long’ if a risk-on global commodity-driven environment can be sustained
May 08 2024 - Technicals
Independent Investment Research updates developments in Australia’s listed investment trust and provides comparative data
May 08 2024 - Australia
Michael Gable of Fairmont Equities sees a new record all-time high on the horizon for shares in Rio Tinto
May 07 2024 - Technicals
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s idea is on Worley
May 06 2024 - Treasure Chest
PR NEWSWIRE
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10:58 AM - PR NewsWire
Infosys and Formula E Strike New Partnership to Enable Next-Gen Fan Experiences Powered by AI and Digital Innovations
May 09 2024 - PR NewsWire
Forrester Announces Full Conference Agenda For CX Summit APAC 2024
May 09 2024 - PR NewsWire
Australian green hydrogen electrolyser manufacturer, Hysata raises $111m USD led by bp Ventures and Templewater
May 09 2024 - PR NewsWire
SANY’s Strategic Cooperation Catalyzes Australia’s National Hydrogen Strategy
May 08 2024 - PR NewsWire
Strider Names Former Commander of the Royal Canadian Navy, Vice Admiral Paul Maddison, as an Advisor
May 08 2024 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: Arcadium Lithium, Goodman Group, Paladin, Pexa & Treasury Wine
By Rudi Filapek-Vandyck, Editor Best Buys & Conviction Calls As promised in Monday's Weekly Insights, below are the latest Model…
May 09 2024
DAILY MARKET REPORTS
ASX Winners And Losers Of Today – 10-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
6:35 PM
Australian Broker Call *Extra* Edition – May 10, 2024
Extra Edition of the Broker Call Report
10:52 AM
The Overnight Report: The Bulls Are Back
The S&P500 last night reclaimed 5200 in rising 0.5%, not far from from the all-time high. (Available for non-subscribers after 10am)
9:07 AM
ASX Winners And Losers Of Today – 09-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
May 09 2024
The Overnight Report: All Quiet
Both the US and local markets have gone into a bit of a stall, S&P500 flat. (Available for non-subscribers after 10am)
May 09 2024
WEEKLY REPORTS
In Case You Missed It – BC Extra Upgrades & Downgrades – 10-05-24
A summary of the highlights from Broker Call Extra updates throughout the week past
11:30 AM
Weekly Top Ten News Stories – 10 May 2024
Our top ten news stories from 02 May 2024 to 09 May 2024
11:20 AM
Next Week At A Glance – 13-17 May 2024
A brief look at important company events and economic data releases next week
11:15 AM
In Brief: Helium, Rate Cuts, Coal & Retailers
Weekly Broker Wrap: surging helium prices; the global interest rate outlook; met coal prices; green shoots for retailers & will an airplane shortage benefit Qantas?
10:00 AM
The Short Report – 09 May 2024
FNArena’s weekly update on short positions in the Australian share market
May 09 2024
Uranium Week: Finally, A Ban
After five months the US Senate has passed a bill banning imports of Russian uranium. The spot price has reacted accordingly
May 07 2024
Weekly Update On LICs & LITs – 07-May-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
May 07 2024
Australian Listed Real Estate Tables – 06-05-2024
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
May 06 2024
Weekly Ratings, Targets, Forecast Changes – 03-05-24
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
May 06 2024
THE MARKETS
-
Australia
10 May 2024 Updated : 20:12 AEDT
SPI Overnight
7767.00
+23.00
0.30%
NZ50
11755.170
+8.590
0.070%
All Ordinaries
8022.70
+28.50
0.36%
S&P ASX 200
7749.00
+27.40
0.35%
S&P ASX 300
7701.40
+27.80
0.36%
Communication Services
1507.90
+9.80
0.65%
Consumer Discretionary
3421.50
+4.10
0.12%
Consumer Staples
11698.40
-15.10
-0.13%
Energy
10507.50
+193.30
1.87%
Financials
7324.20
+50.20
0.69%
Health Care
42475.80
+172.80
0.41%
Industrials
6961.40
-9.90
-0.14%
Info Technology
2256.30
-1.50
-0.07%
Materials
18129.80
-11.40
-0.06%
Real Estate
3652.00
+7.40
0.20%
Utilities
9042.70
+8.50
0.09%
A-REITs
1657.30
+3.00
0.18%
All Technology Index
3067.50
+4.20
0.14%
Banks
3047.00
+23.20
0.77%
Gold Index
7718.60
+132.50
1.75%
Metals & Mining
5944.90
+0.10
0.00%
-
World
10 May 2024 Updated : 20:12 AEDT
CAD/USD
0.7306
+0.00
0.29%
EUR/JPY
167.85
+0.46
0.28%
EUR/USD
1.0778
+0.00
0.40%
GBP/USD
1.2527
+0.00
0.26%
USD/JPY
155.73
-0.21
-0.13%
-
Aus Stocks
10 May 2024 Updated : 20:12 AEDT
Amcor (US)
10.32
+0.10
0.98%
Newmont (US)
42.84
+1.30
3.13%
Rio Tinto (UK)
5680.00
+96.00
1.72%
BHP Group (US)
57.12
+0.62
1.10%
Rio Tinto (US)
70.00
+0.98
1.42%
ResMed (US)
216.84
+3.96
1.86%
South32 (UK)
193.17
+3.07
1.61%
James Hardie (US)
37.43
+0.04
0.11%
Janus Henderson (US)
33.09
+0.19
0.58%
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CALENDAR
Friday, 10 May 2024
NZ manufacturing PMI, Apr CH CPI & PPI, Apr (Saturday) UK GDP, Q1 UK industrial production, Mar UK trade balance, Mar US UMich consumer sentiment, May (initial) 360 quarterly report GNC earnings report QBE AGM WAF AGM Monday, 13 May 2024
AU NAB business confidence, Apr ANZ ex-div 83c (65%) ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$34.90
CSL CSL LIMITED
$279.18
REA REA GROUP LIMITED
$187.32
TNE TECHNOLOGY ONE LIMITED
$16.37
WOW WOOLWORTHS GROUP LIMITED 
$30.72
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FNARENA TALKS
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FNARENA WINDOWS
Window on INFRA & PROPERTY DEVELOPERS
Goodman Group Powers On
Goodman Group’s March quarter update included increased guidance on the back of data centre demand
May 09 2024
Window on TECHNOLOGY
Part Two: Generative AI, Investing in the 21st Century Megatrend
A Megatrend like Generative AI creates an appealing top-down narrative, but how do investors understand the scope and size of the Generative AI market, alongside the opportunities versus the risks?
May 09 2024
Window on WEALTH MANAGEMENT & INVESTMENTS
Monthly Listed Investment Trust Report – May 2024
Independent Investment Research updates developments in Australia’s listed investment trust and provides comparative data
May 08 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