US stocks slumped on Tuesday in a volatile trading session as investors weighed what strong economic data and rising rates mean for the Federal Reserve’s aggressive tightening campaign.
The Dow Jones Industrial Average fell 0.55 per cent, but was off the lows of the day, boosted by defensive stocks such as Johnson & Johnson and Coca-Cola. The S&P 500 slipped 0.41 per cent. The Nasdaq Composite slid 0.74 per cent notching its seventh day of losses, its longest since 2016.
At the same time, bond yields surged, adding to the rout in stocks. The yield on the US 10-year Treasury jumped to 3.353 per cent at one point in the day.
The move came after August ISM data Tuesday morning was stronger than expected, coming in at 56.9 versus expectations of 55.5. The ISM monthly survey is considered to be a key indicator of the state of the US economy. Better-than-expected economic data may mean that the central bank continues to act aggressively in hiking interest rates.
In the holiday-shortened week, investors are looking ahead to speeches from Federal Reserve presidents and a fresh rate hike decision from the European Central Bank due out later this week.
Across the sectors, defensive sectors performed well with real estate the standout. Weaker industries included software, Chinese internet, media and entertainment, homebuilders, housing retail, travel and leisure underperformed.
A brief summer rally in the prices of industrial metals has sharply reversed as the worsening energy crisis in Europe and signs of a slowdown in manufacturing behemoth China spook traders. The S&P GSCI index of industrial metals has dropped more than 9 per cent since mid-August
The gauge, which tracks the spot price of metals including copper, nickel and aluminium, is down 17 per cent in 2022. Goldman Sachs said commodities were pricing a recession more than any other asset class writing “Excessive recession fears continue to grip commodity markets
The fear of recession is being felt across the globe, Britain is the most likely to enter into recession, and has the highest inflation rate among that group, according to Deutsche Bank. A difficult job for new Britian Prime Minister Liz Truss . Her country is seeing a flight of foreign investment with a deteriorating financial outlook pushing the pound to 1980s-era lows.
Currencies
USD Dollar index was up 0.7 per cent with greenback up over 1.5 per cent vs yen.
One Australian dollar has weakened by ½ cent compared to the US dollar yesterday, buying 67.41 US cents (Tue: 68.02 US cents), 58.51 Pence Sterling, 96.22 Yen and 68.02 Euro cents.
Bitcoin futures were down 5.6 per cent, below $19K.
Commodities
Iron ore futures are pointing to a 1 per cent fall.
Gold lost $9.70 or 0.6 per cent to US$1713 an ounce.
Silver was up $0.03 or 0.2 per cent to US$17.91 an ounce.
Copper added $4.85 or 1.4 per cent to US$346.20 a pound.
Oil was flat at US$86.88 a barrel.
Futures
The SPI futures are pointing to a 0.5 per cent fall.
Figures around the globe
Across the Atlantic, European markets closed higher. Paris added 0.2 per cent, Frankfurt gained 0.9 per cent and London’s FTSE closed 0.2 per cent higher.
Asian markets closed mixed. Tokyo’s Nikkei closed flat, Hong Kong’s Hang Seng fell 0.1 and China’s Shanghai Composite closed 1.4 per cent higher.
Yesterday, the Australian sharemarket lost 0.4 per cent to 6827.
Ex-dividends
There are 18 companies set to trade without the right to a dividend.
Amcor PLC (ASX:AMC) is paying 17.26 cents ufranked
Austal (ASX:ASB) is paying 4 cents ufranked
AUB Group (ASX:AUB) is paying 38 cents fully franked
AVJennings (ASX:AVJ) is paying 0.67 cents fully franked
Brambles (ASX:BXB) is paying 17.25 cents 35 per cent franked
Clearview Wealth (ASX:CVW) is paying 2 cents fully franked
Healius (ASX:HLS) is paying 6 cents fully franked
Idp Education (ASX:IEL) is paying 13.5 cents 14 per cent franked
Insignia Financial (ASX:IFL) is paying 11.8 cents fully franked
Kip McGrath Education Centres (ASX:KME) is paying 1 cent fully franked
Meridian Energy (ASX:MEZ) is paying 9.9993 cents ufranked
Medibank Private (ASX:MPL) is paying 7.3 cents fully franked
Pacific Group (ASX:PAC) is paying 23 cents fully franked
Probiotec (ASX:PBP) is paying 3.5 cents fully franked
Seek (ASX:SEK) is paying 21 cents fully franked
Thorney Opportunities (ASX:TOP) is paying 1.4 cents fully franked
Universal Store (ASX:UNI) is paying 10.5 cents fully franked
Viva Energy Group (ASX:VEA) is paying 13.7 cents fully franked
Dividends payable
There are five companies set to pay eligible shareholders today.
Codan (ASX:CDA)
MyState (ASX:MYS)
Perpetual Credit Income Trust (ASX:PCI)
SSR Mining Inc (ASX:SSR)
360 Capital Enhanced Income Fund (ASX:TCF)
Established in 2006, the Finance News Network is one of Australia's largest providers of online business and finance news. Our news is distributed across some of Australia’s most prominent investment platforms.
The network connects investors with investment opportunities, the latest ASX news, CEO and fund manager interviews and investor webinars.
Keep your finger on the pulse and stay abreast of markets. Tune in to FNN.
FNN is a subsidary of Sequoia Financial Group
DTZ’s 1H FY24 result showed the company continuing to deliver against its development plan, including scale-up of sorbent production capabilities and negotiations moving forward to secure commercial partnerships for DTZ’s authentication solution. Underlying NPAT was -$2.6m, a 14.8% improvement on pcp. Operating cash flow was -$1.6m, a 20.3% improvement.
DOWNLOAD RESEARCH REPORT
MYG has reported strong FY24 results, with revenue up 10.1% to $85.7m and underlying EBITDA up 12.3% to $7.1m. EBITDA margin increased 0.1% to 8.3%. Underlying NPAT was up 34.3% to $3.5m with assistance from lower D&A and finance expenses. Operating cash flow was also strong at $16.1m (+86% on pcp). A final fully franked dividend of 2.0cps was declared.
DOWNLOAD RESEARCH REPORT
During the current quarter, the company will continue to build its knowledge and understanding regarding its rare earth resource and the hydrogen fluoride project.
DOWNLOAD RESEARCH REPORT
MYG is a well-established supplier of electrical products and services for critical infrastructure and facilities across Australia. Increased public and private spending on infrastructure and related areas is expected in the foreseeable future, particularly as the transition to clean energy accelerates. MYG is well placed to benefit from this industry trend. AEMO estimates that $142bn in upfront capital investment is needed for essential electricity infrastructure to enable transition to net-zero by 2050.
DOWNLOAD RESEARCH REPORT
Nico Resources Limited (Nico) is wholly focused on its Wingellina Nickel-Cobalt Project (Wingellina or the Project). Wingellina is a fully owned, development-ready, large-resource project with a demonstrated ability to produce nickel and cobalt in Mixed Hydroxide Precipitate (MHP).
DOWNLOAD RESEARCH REPORT
Unearthed Potential of Chilwa Minerals
DOWNLOAD RESEARCH REPORT
The Americans are coming – do they think the
Beetaloo will be bigger than the Marcellus?
The March 2024 Quarter was a period of high activity for ABx, which was rewarded with a 70% increase in rare earth resource estimate to 89 million tonnes (reported in a subsequent announcement).
A 66-hole drilling program was undertaken during the quarter including maiden drilling at Wind Break, to the northeast of the principal exploration site. Assay testing also continued during the period.
DOWNLOAD RESEARCH REPORT
Update post 1H FY24 result
SGI reported a record 1H FY24 result, building on its steady improvement over recent periods. The result was driven by synergies and scale benefits from previous acquisitions, organic growth flowing from positive supply and demand dynamics across the industry, as well as investment in e-commerce.
DOWNLOAD RESEARCH REPORT
Update post 1H FY24 result
SGI reported a record 1H FY24 result, building on its steady improvement over recent periods. The result was driven by synergies and scale benefits from previous acquisitions, organic growth flowing from positive supply and demand dynamics across the industry, as well as investment in e-commerce.
DOWNLOAD RESEARCH REPORT
Update post 1H FY24 result
SGI reported a record 1H FY24 result, building on its steady improvement over recent periods. The result was driven by synergies and scale benefits from previous acquisitions, organic growth flowing from positive supply anddemand dynamics across the industry, as well as investment in e-commerce.
DOWNLOAD RESEARCH REPORT
Update post 1H FY24 result
SGI reported a record 1H FY24 result, building on its steady improvement over recent periods. The result was driven by synergies and scale benefits from previous acquisitions, organic growth flowing from positive supply and demand dynamics across the industry, as well as investment in e-commerce.
DOWNLOAD RESEARCH REPORT
Nanotechnology solutions for product
authentication and carbon capture
DOWNLOAD RESEARCH REPORT
Panasonic Energy (Panasonic) has converted a long-standing MOU into a contract for at least 10kt of high-performance synthetic graphite to be taken over 4 years (i.e. 2.5kt/year).
DOWNLOAD RESEARCH REPORT
ABx Group continues to add value to their Northern Tasmania Rare Earths Project with the announcement of highly encouraging drill results at their Wind Break Prospect. The Wind Break prospect lies 15-16km to the north east of the Mineral resource already discovered at Deep Leads, Rubble Mound & Leech Scrub (DLRM Prospect) and is further confirmation that the resource potential could be of considerable size. Mineralisation remains open in all directions.
DOWNLOAD RESEARCH REPORT
ABx Group have announced another significant increase to the Mineral Resource Estimate (MRE) at the Deep Leads Ionic Adsorption Clay (IAC) Rare Earths deposit in Northern Tasmania.
DOWNLOAD RESEARCH REPORT
Tamboran heads into 2024 with a number of exciting developments on the horizon. Production testing on Shenandoah South 1H (SS-1H) is due early in the new year and we expect to see positive results given the early data
from logging indicated high porosity and gas saturation relative to offset wells and DFIT analysis demonstrated pore pressure gradients of at least 0.54 psi/ft (in-line with the most productive regions of the Marcellus Shale
in the US). A successful flow test at SS-1H will allow Tamboran to sanction a 40 MMcf/d pilot project in the region, supporting the local NT gas grid.
DOWNLOAD RESEARCH REPORT
Empire Energy provides exposure to the development of the world class unconventional gas resource located in the Beetaloo Sub basin in Australia’s Northern Territory.
NXV Research Report
DOWNLOAD RESEARCH REPORT
NOVONIX (ASX:NVX) FLASH – The US Department of Energy has finalised a US$100m grant funding to NVX, which under the terms of the funding agreement must be matched by NVX. The funds will be used to expand production of synthetic graphite anode materials from the Riverside plant in Chattanooga Tennessee.
NVX Research Report
DOWNLOAD RESEARCH REPORT
NOVONIX (ASX:NVX) – Momentum has picked up in recent months, with two sizeable announcements last week and one significant news item regarding an announced AI and quantum partnership with Google spin-off, SandboxAQ. The Tennessee anode plant is now positioned well to receive a loan from the DOE, following operational success of the induction furnace technology. Further, Hatch gave a tick of approval to NVX’s unique, but still patent pending, “All-dry, Zero-waste” cathode manufacturing technology. Costs across its materials ecosystem are being reviewed due to lower prices and NVX is considering a feasibility study into its green cathode opportunity.
ABx Research Report
DOWNLOAD RESEARCH REPORT
ABx Group (ABX)Upgrades to Deep Leads IAC Rare Earths keep coming
Increases across the board for the Deep Leads Resource – Grade, tonnage & target area ABx Group have reported a 30% increase to their Mineral Resource Estimate (MRE) at the Deep Leads Ionic Adsorption Clay (IAC) Rare Earths deposit in Northern Tasmania. The increase to the MRE comes from 36 assayed step-out holes – representing a significant extension to the north for the existing Deep Leads prospect.
SYA has plans to build out two vertical integrated processing hubs in Québec Canada. The first hub comprises NAL, Authier and Tansim projects
NVX Research Report Popup
DOWNLOAD RESEARCH REPORT
NOVONIX (ASX:NVX)
NVX has just formed an agreement with LG Energy Solutions (LGES), the world’s 3 rd largest battery maker, to develop a synthetic (artificial) graphite that matches their specific needs. Once the product is qualified by LGES, the expectation is that multi-phase offtakes will result. Earlier in March, NVX announced a 40%/60% JV with TAQAT Development Company to build a 30kt/year synthetic graphite anode plant in Saudi Arabia.
ABx Research Report Popup
DOWNLOAD RESEARCH REPORT
We initiate coverage on ABx Group with a valuation of $0.33 per share.ABx Group is currently progressing three businesses, including discovering and developing an ionic adsorption clay rare earth project in northern Tasmania, establishing a plant to produce hydrogen fluoride and aluminium fluoride from recycled industrial waste to replace imports (ALCORE), and mining and enhancing bauxite resources for the cement, aluminium and fertiliser industries.
EMH Research Report
DOWNLOAD RESEARCH REPORT
European Metals Holdings (EMH.ASX) – The large Cinovec Project (EMH 49%), is strategically located in the heart of the growing European EV ecosystem in the northwest of the Czech Republic. Cinovec is a large historic lithium resource, with a clean pathway to underground development, resulting in minimal surface impact or disturbance. EMH’s 51% JV partner is the national utility CEZ a subsidiary of CEZ Group, which is owned 70% by the Czech Government. The Czech auto industry is important as it makes up ~10% of local GDP. Hence a local gigafactory, in addition to three in southern Germany, would accelerate the transition to EV’s and with broader EU support underwrite Cinovec’s development.
Careteq Research Report
DOWNLOAD RESEARCH REPORT
CTQ has developed a leading proprietary assistive living technology platform
(Sofihub) with a portfolio of best-in-class solutions for the global aged care,
home care, disability care and personal security sectors. Key products
include falls detection, vital signs monitoring and medication management.
The health-tech industry enjoys significant tailwinds for assistive living
products, driven by the ageing population, rising costs and labour shortages,
technology innovation and recommendations from the Royal Commission into
Aged Care. The market is very fragmented, with no competitor offering CTQ’s
broad suite of products.
CTQ’s income stream is non-discretionary and largely funded by federal and
state governments and insurers. There is a growing recurring revenue
component built on SaaS-based subscriptions to its platform.
The company has built a significant new contract pipeline in recent quarters
and is targeting c.15,000 subscribers on its platform by Dec 2023, which
represents sufficient scale to reach profitability. Cash on hand of $3.6m (2Q
FY23) is likely sufficient to fund operations until breakeven is reached.
DOWNLOAD RESEARCH REPORT
Sayona Mining
Sayona Mining (ASX.SYA) – Production has commenced, on time and within budget, at the North American Lithium (NAL) Project (SYA 75%) in Québec and is presently ramping towards a steady state concentrate production of 226kt/year. This is a significant achievement for the NAL JV and for Canada, as it re-joins the global Lithium Producers Club. In short, NAL is Canada’s only producing lithium project and supports its aim to be the world’s 3rd largest supplier of EV raw materials by 2027. Canada also aims to lift EV sales from ~5% of new car sales in 2021 to 20% in 2026 before expanding to 60% by 2030 and 100% by 2035. Importantly, the Government supports the development of a vertically integrated EV ecosystem, as it seeks to return to its glory days as the world’s #5 in auto manufacturing. Financial support for SYA’s expansion is expected via Government grants, guarantees and loans.
TerraCom Research
DOWNLOAD RESEARCH REPORT
TerraCom
The record high coal prices seen in 2022, combined with continual operating improvements at their Blair Athol mine in Australia, has enabled TerraCom (ASX:TER) to resume dividend payments to shareholders in the first half of FY2023 and will continue to allow it to pay healthy dividends in the future.
DOWNLOAD RESEARCH REPORT
Secures binding contract with Tier-1 OEM
US based anode active project gathers momentum
Magnis Energy Technologies (MNS.ASX) – MNS is planning an anode active facility in the US and recently announced a binding, yet conditional, contract for the supply of anode active with Tesla. The contract is for a minimum 17.5kt/year with an option to purchase another 17.5t/year. Conditions precedent carry a tight development timeframe, with first production scheduled for February 2025. Site selection is underway and co-locating with an OEM on a brownfields site makes sense. Long lead items have been ordered and detailed engineering and design is expected to commence soon.
December Quarterly Report: Q2 FY2023
Looking past the rain – there’s a rainbow.
TerraCom released their operating results for the December quarter FY2023 with operating metrics being in line with our forecasts.
Unseasonal rains in both Australia and South Africa contributed to operational and logistical issues across all mines, however guidance for annual production at Blair Athol is unaffected and highlights the quality of TerraCom’s skills in operational management.
We continue to like the stable operating metrics around the company’s Australian operations and see potential for the South African operations to benefit from increased management focus given the rationalisation of operations following the closure of the Ubuntu mine.
Corporate Connects overall financials remain unchanged as does our target price of $1.35 share. We maintain our forecast for a fully franked quarterly dividend of 7.5c/share to be paid in the March and June quarters of FY2023.
DOWNLOAD RESEARCH REPORT
High performance synthetic anode & cathode materials Building a US based materials supply chain
NOVONIX (ASX:NVX) – is scaling a synthetic anode materials plant in the US and piloting nickel rich cathode material in Canada. Why? China is dominant and growing – 100% of global natural anode and 68% of synthetic anode is refined in China. In short, China controls the global midstream battery chain by controlling 60% of chemical refining, 87% of anode manufacturing, 61% of cathode manufacturing and 73% of battery manufacturing. It is global battery supply and price domination at scale.
DOWNLOAD RESEARCH REPORT
Tamboran Resources – the major player in the Beetaloo Basin
We initiate coverage on Tamboran Resources with a 12-month target price of $1.10 – representing 520% upside from the current share price. The company provides investors with a pure exposure to the development of the world class unconventional gas resource located in the Beetaloo Sub basin in Australia’s Northern Territory. The drilling of 2 wells before the end of 2022, Amungee 2H and 3H, will provide significant visibility on the commerciality of the proposed EP 98 Pilot Development – both wells are fully funded with the company having a current cash balance of ~A$130million.
DOWNLOAD RESEARCH REPORT
Phosphate and Rare Earths – it’s time to duel!
RareX Limited is an Australian Rare Earths company that has set its sights on becoming one of the largest light rare earth elements (LREEs) producers in Australia. The company’s flagship project is the Cummins Range deposit, a carbonatite deposit with a current 18.1Mt resource at 1.15% TREO (0.5% cut-off grade) that has significant potential for expansion.
Recent exploration results have confirmed high-grade extensions at depth and along strike with an additional 30,000m drilling program commencing in the second quarter of FY2022. The companies scoping study suggests upside from phosphate and economic viability over the Life of Mine (LOM).
We initiate on RareX Ltd with a A$0.12 price target – risked at 25%
DOWNLOAD RESEARCH REPORT
Antisense Therapeutics (ANP) Taking a Quick Approach to Long COVID
This report looks at the results of a collaborative study Antisense undertook which looked at the largest protein expression database in Long COVID-19 patients who experienced neurologic symptoms well after the primary or acute SARS-CoV-2 infection was considered over (Groups 1 & 2, with 48 subjects Group 2 comprising a single patient from a different clinical site). The symptoms and others experienced by such patients result in a highly significant amount of illness, possibly more than all primary SARS-CoV-2 infections i.e COVID-19.
DOWNLOAD RESEARCH REPORT
Paxalisib Misses AGILE Hurdle, but Very Significant Value Remains
Investors Over-React, Smart Ones Will Profit
Kazia Therapeutics (KZA) announced yesterday morning that paxalisib did not meet the threshold to move into stage 2 of the GBM AGILE clinical trial (NCT03970447). The study was an adaptive trial designed to assess the potential of new therapeutics to treat the highly aggressive brain cancer glioblastoma (GBM) in a cost-effective manner. Demonstrating efficacy in GBM is an extremely high hurdle as shown by the fact that there is only one approved drug for the disease, temozolomide, and it is only effective in 1/3 of patients.
Given the high nature of the hurdle, in our original initiating coverage report on KZA, we only gave paxalisib a small chance of returning a positive result from the overall study. That is the nature of drug development with one group estimating only 6% to 7% of new chemical entities that commence clinical trials reach launch (Dowden & Munro (2019) Nat Rev Drug Discov). The small percentage that do make it to launch, however, more than make up for the cash spent on those that don’t.
DOWNLOAD RESEARCH REPORT
4Q reveals more focus on profit and cash flow
• LBY’s 4Q FY22 quarterly activities update showed continued solid growth in top line metrics, albeit slowing, with GMV of NZ$203m (+26% on pcp) and income of NZ$12.1m (+23% on pcp).
• Net Transaction Margin (NTM) disappointed at -0.5%, due to further increase in credit losses from 4.0% to 4.9% of GMV. However, new fraud and credit risk management tools have seen losses recover materially with NTM back to 1.2% in March and LBY is confident of further recovery in coming months.
DOWNLOAD RESEARCH REPORT
Signs MOU with Ford Company – Kachi is now sold out!
Lake Resources (LKE. ASX) – LKE has signed two non-binding MOU’s in the space of 10 days. Ford Company (Ford) has signed an MOU for ~25,000t/year and last week Hanwa, a Japanese commodity trader signed a MOU for up to 25,000t/year. Subject to execution, this is an amazing feat as Ford and Hanwa are prepared to enter into longer-term strategic partnerships with LKE. Commercial negotiations are still ongoing but are expected, especially if Ford & Hanwa inject new equity into LKE, to further de-risk the project financing & thus ensure LKE and Kachi are fully funded.
DOWNLOAD RESEARCH REPORT
Strategic Vanadium-battery growth with Titanium & Iron earnings resiliency
TNG Ltd is an ASX-listed technology owner and developer of the world-class Mount Peake near-surface vanadiferous titanomagnetite deposit. To unlock value, TNG will concentrate ore from its central Northern Territory mine for processing through its patented TIVAN® process produce three premium quality revenue streams: hi-purity vanadium pentoxide (V2O5) for steel alloys and Vanadium Redox Flow batteries, a quality titanium pigment for paints and a premium steel input with >64%Fe iron ore fines.
Promising exploration and development update while SOP prices continue to rise
Two recent gravity surveys have considerably exceeded expectations and revealed potential for extensions to the existing MRE at Lake Throssell, plus a material growth opportunity at Lake Yeo. This reinforces the potential for a multi-decade, Tier-1 SOP production hub based around Lake Throssell.
TMG is currently completing work towards the PFS due early 2023, including drilling to start in Q3 2022, evaporation trials and permitting activities. Results from these programs will support the PFS and any future resource upgrade.
Benchmark SOP prices have risen to ~US$940/t due to recent geopolitical developments. The Oct 2021 Scoping Study assumed a SOP price of US$550/t and contained a sensitivity analysis showing every 10% increase in price drives a +$144m increase in the project NPV of $364m. The c.70% increase above the Scoping Study thus implies a project NPV of ~$1.4bn.
DOWNLOAD RESEARCH REPORT
DOWNLOAD RESEARCH REPORT
Increasing our Target
Despite the lower realised oil and gas price, which fell by 5.4% and 19.7% respectively in August, Calima managed to show improvement in its key business metrics.
We expect higher production in November due to the contribution by the new Thorsby wells which will be drilled in August/September which will see Calima meet its 2021 production guidance of 4,500 boe/d.
DOWNLOAD RESEARCH REPORT
Emerging Financial Wealth Advisory Group
WT Financial Group Limited (WTL) is a growing diversified financial services company, founded in 2010 and listed on the Australian Stock Exchange (ASX) in 2015. Its advice and product offerings are delivered primarily through a group of independent financial advisers operating as authorised representatives of WTL under its Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group) dealer group operations. It has around 275 advisers across more than 200 financial advice practices Australia-wide. It also operates a direct-to-consumer operation under its Spring Financial Group brand.
DOWNLOAD RESEARCH REPORT
Immutep Taking the Fight to Cancer
In May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive research report on ASX-listed biotech Immutep Ltd (ASX: IMM). So impressed was he with IMM that Corporate Connect felt it imperative that a follow-up report be released placing a valuation on the company, because the market was not seeing the vast potential of eftilagimod alpha (efti).
This follow-up report has been released today. Using comparables, after adding cash back to their EV estimate and dividing by the total number of issued shares, Corporate Connect now places the fair value of an Immutep share at $A2.20.
DOWNLOAD RESEARCH REPORT
Market leading lifelong learning platform technology company in Australia and SE Asia
PayGroup (PYG) delivers multi-country BPO services and cloud SaaS HCM solutions, assisting companies to manage employees in multiple, complex jurisdictions. The company has many growth opportunities, including new clients, new jurisdictions, new products, partner expansion, and new revenue sources. PYG’s scalable business model allows operating leverage and with savings from in-housing third party technology, support margin expansion.
DOWNLOAD RESEARCH REPORT
Market leading lifelong learning platform technology company in Australia and SE Asia
OpenLearning (OLL) is a higher education technology company that operates a scalable online learning platform through a software-as-a-service (SaaS) business model and provides a global marketplace of high quality courses for learners of all levels. Its primary customers are education providers based in Australia and South-East Asia (primarily Malaysia). OLL started operations in Australia in 2012 and expanded to Malaysia in 2015, Singapore in 2018, and recently also Indonesia.
