Based on early Interior Ministry data, Emmanuel Macron has been elected French President. US sharemarkets ended firmer on Friday. Firm US jobs data and higher oil prices underpinned the gains. But shares in IBM fell by 2.5%.
Read MoreThe US House of Representatives narrowly voted to repeal major portions of Obamacare and replace it with a Republican healthcare plan, now sending it to the senate.
Read MoreUS sharemarkets were mixed on Wednesday, after investors digested earnings reports and the Federal Reserve decision to keep interest rates on hold. The focus now shifts to Friday’s employment report.
Read MoreUS sharemarkets were modestly higher on Tuesday, in a volatile trading session. Investors waited on Apple’s result after the close and also the FOMC rate decision due out on Wednesday.
Read MoreUS sharemarkets ended mixed on Monday with the Dow Jones easing in late trade while technology stocks rose. Financials also rose despite US President Trump saying that he was considering breaking up the big banks.
Read MoreUS sharemarkets eased modestly on Friday. Weaker-than-expected economic growth data caused investors to book profits. The Dow Jones ended lower by 41 points or 0.2%. The S&P 500 index fell by 0.2% while the Nasdaq ended flat.
Read MoreUS sharemarkets held in tight ranges on Thursday. A raft of major companies such as Intel, Alphabet, Amazon and Microsoft report after the bell on Thursday. Economic data wasn’t too far away from forecasts. After trading in a 70-point range, the Dow Jones ended higher.
Read MoreThe ASX 200 has dipped 0.3% towards lunch with mining and energy stocks the main drags. IT stocks are currently the best performers on the back strong US tech earnings after US trading hours.
Read MoreThe Australian market came under pressure early in trade after the late slide on US markets overnight.The energy sector came under pressure early in trade after news realised overnight that the Australian Government plans to restrict gas exports
Read MoreUS sharemarkets pared gains on Wednesday to end slightly lower after investors mulled the Trump Administration tax plan and awaited more detail on the proposals.
Read MoreUS sharemarkets posted solid gains for a second day. Earnings data encouraged investors. Shares in McDonalds rose by 5.6% with shares in Caterpillar up 7.9% in response to better-than-expected earnings.
Read MoreUS markets closed weaker on Friday. Initial reaction to round 1 of French election boosted the Euro.
Read MoreUS sharemarkets rallied on Thursday with the Nasdaq closing at a record high. Better-than-expected earnings results supported sentiment. American express rose 5.9% and was the biggest mover on the Dow Jones, after reporting a smaller-than-expected drop in quarterly profit.
Read MoreUS sharemarkets were mostly weaker on Wednesday, although the tech heavy Nasdaq managed to post modest gains. The drop in oil prices weighed on the energy sector which lost 1.4%.
Read MoreThe UK FTSE fell by 2.5% after Prime Minister Teresa May called a general election for June 8.
Read MoreUS sharemarkets closed weaker on Wednesday. In late trade US President Trump said he hadn’t yet decided on whether to re-appoint Federal Reserve chair, Janet Yellen, to a second term.
Read MoreUS sharemarkets closed weaker on Tuesday, despite bouncing off session lows. Earlier in the session the Dow Jones was down around 145 points as geopolitical tensions in the Middle East and North Korea dominated sentiment
Read MoreUS sharemarkets rose modestly in a choppy session on Monday as gains in energy stocks offset a fall in financials. The higher oil price resulted in the S&P energy index rising 1.1%.
Read MoreFriday in a choppy session as investors grappled with a weaker-than-expected job report, the US airstrike in Syria and a top Federal Reserve official’s comments on trimming the US central bank’s balance sheet."
Read MoreUS sharemarkets lost ground during the afternoon session on Thursday. Investors await the meeting between US and Chinese leaders as well as the latest job data on Friday.
Read MoreUS sharemarkets reversed course to end lower. The Dow Jones index was up 198 points after the strong jobs data but lost all gains after the Fed minutes.
Read MoreThe Dow Jones index rose by 39 points or 0.2% after trading in a 96-point range. The S&P 500 index rose by 0.1% while the Nasdaq rose by 4 points or 0.1%.
Read MoreUS sharemarkets cautiously greeted a new month and quarter. Traders and investors are awaiting a meeting between the US and Chinese leaders on Thursday and Friday.
Read MoreUS sharemarkets fell on Friday as investors booked profits at the end of the quarter. Investors now look ahead to first quarter earnings to determine whether valuations for shares are justified.
Read MoreUS sharemarkets rose on Thursday with investors positive about economic prospects in the lead-up to the release of first quarter earnings results.
Read MoreEuropean sharemarkets rose on Wednesday. There was little reaction from markets after the UK triggered article 50 – the formal announcement of Britain’s intention to leave the EU.
Read MoreUS sharemarket indices rose on Tuesday. Investors were encouraged by data showing consumer confidence at a 16-year high. Investors also seemed to get over any disappointment about the failure to secure healthcare reform and now hope for tax reform.
Read MoreUS blue-chip shares fell on Monday. Investors assessed the chances for President Trump to advance tax reform given the failure to reform the healthcare system.
Read MoreUS sharemarkets ended mixed after President Trump pulled the bill to overhaul the healthcare system due to lack of support by Republican members of the House of Representatives.
Read MoreUS sharemarkets were largely flat on Monday with investors waiting for fresh data or information to provide direction. Over the week there will be data on housing sales and prices.
Read MoreUS sharemarkets were flat to slightly lower on Friday. Shares in Adobe rose by 3.8% to record highs in response to the company’s latest profit report. Shares in Amgen fell by 6.4% after a study on the company’s cholesterol drug disappointed investors.
Read MoreUS sharemarkets ended mixed on Thursday with gains in banks and some technology stocks offsetting weakness in the healthcare sector. Traders focussed on new budget proposals from President Trump that may mean higher costs for the healthcare sector.
Read MoreUS sharemarkets pared early losses on Thursday, after President Trump told CEO’s of major US corporates that he plans a number of proposals to bring back jobs to the US.
Read MoreIn the US market waiting on Fed minutes markets higher thanks to Dupont and Dow Chemical merger sign off and US existing home sales boosting housing stock growth.
Read MoreUS sharemarkets rose to fresh record highs supported by gains in retailers. WalMart rose by 3.2% after the company reported higher-than-expected sales. BHP (BHP) better than expected half year result boosted by metal prices and tight cost control.
Read MoreUS financial markets were closed for Presidents Day holiday on Monday. European shares were generally firmer on Monday, underpinned by gains in telecoms and mining stocks.
Read MoreUS sharemarkets rose to fresh record highs in thin trade on Friday. Investors were reluctant to add to positions ahead of the US Presidents Day holiday.
Read MoreUS markets turn red after seven solid trading sessions, as Trump plans add to concerns and banks lost momentum. The volatility in the markets has increased.
Read MoreUS sharemarkets rose to fresh record highs on Wednesday. Financials led the gains on prospects for higher interest rates in coming months.
Read MoreUS sharemarkets reversed early losses on Tuesday. Financial stocks led the gains after Fed Chair Yellen raised concerns about the risks to delaying interest rate hikes. The Dow was up by 92pts or 0.5% while the Nasdaq was higher by 19pts or 0.3%.
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DOWNLOAD RESEARCH REPORTSecures binding contract with Tier-1 OEMUS based anode active project gathers momentumMagnis 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. |
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December Quarterly Report: Q2 FY2023Looking 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. |
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DOWNLOAD RESEARCH REPORTHigh performance synthetic anode & cathode materials Building a US based materials supply chainNOVONIX (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. |
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DOWNLOAD RESEARCH REPORTAntisense Therapeutics (ANP) Taking a Quick Approach to Long COVIDThis 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. |
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DOWNLOAD RESEARCH REPORT4Q 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.
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DOWNLOAD RESEARCH REPORTSigns 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. |
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DOWNLOAD RESEARCH REPORTStrategic Vanadium-battery growth with Titanium & Iron earnings resiliencyTNG 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. |
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Promising exploration and development update while SOP prices continue to riseTwo 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
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DOWNLOAD RESEARCH REPORTIncreasing our TargetDespite 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. |
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DOWNLOAD RESEARCH REPORTEmerging Financial Wealth Advisory GroupWT 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. |
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DOWNLOAD RESEARCH REPORTImmutep Taking the Fight to CancerIn 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. |
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DOWNLOAD RESEARCH REPORTMarket leading lifelong learning platform technology company in Australia and SE AsiaPayGroup (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. |
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DOWNLOAD RESEARCH REPORTMarket leading lifelong learning platform technology company in Australia and SE AsiaOpenLearning (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. |
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