It’s been a mostly softer start to the new week with the ASX 200 again in the red at lunch on Monday, making it a third day in negative territory for the benchmark index. Concerns are resurfacing about fresh COVID19 infections around the world leading to a potential second wave.
Read MoreUS sharemarkets rebounded on Friday after the biggest fall in 12 weeks on Thursday. The Dow Jones index rose by 477 points or 1.9% after rising as much as 837 points during the trading session.
Read MoreThe great, silly market rebound from the COVID-19 lows of late March was rudely interrupted last week by a dose of reality from the US Federal Reserve. So will the pause continue or will investors take it higher this week?
Read MoreThe ASX is heading for a small gain today after Europe and Wall Street steadied in the wake of those big falls on Thursday.
Read MoreIn March the regular rebalancing of ASX indices such as the flagship ASX 200 did not happen because of the confusion and intense volatility triggered by the COVID-19 pandemic.
Read MoreA big week for the Australian economy, workers, and employers with the May labour force report and unemployment data.
Read MoreThe Australian sharemarket slumped by 1.9% on Friday, putting an end to the market’s six-week winning streak. While all sectors slumped, the banks were the main weight.
Read MoreWith the Fed prepared to do ‘whatever it takes’, gold and silver have a major role to play and senior mining analyst Gavin Wendt believes there is strong upside potential with respect to both, especially if you use their post-GFC price performances as a guide.
Read MoreThe Australian sharemarket is slumping for a second day following a near 7% decline for the Dow Jones overnight. Around 97% of stocks on the ASX 200 are currently losing ground although shares are bouncing off their intraday lows.
Read MoreOnce markets peaked in June 2009 there was little direction for a couple of months before resuming the uptrend. Expect the same here again. It may not take as long to get going again as the actions by the Fed and Governments is far greater now than in 2009. Basis this not only could the pause be shorter but most likely the resuming rally will be even more robust.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreA dour Fed outlook and rising US case count met an overbought market last night. Dow down -1861.
Read MoreUS jobless claims remained elevated. The report came out a day after the US Federal Reserve provided a dour outlook for the US economy.
Read MoreChina’s vehicle sales continue to improve in a small indicator of recovery domestic demand, but consumer price and factory gate inflation is now starting to concern economists.
Read MoreThe ASX is set to dive more than 3% or over 180 points at the opening this morning after the long rally on global markets since their late March lows was halted on Thursday. The Dow plunged 1,861.82 points, or 6.9%, to 25,128.17 – the index’s worst daily drop since March 16. All 30 of the blue-chip index’s components fell.
Read MoreThe Australian market had its worst day in six weeks, with the ASX 200 back below 6,000pts. Travel stocks and banks were among the worst performers.
Read MoreThe Australian sharemarket is down by around 2% on Thursday, with losses from the banks weighing most heavily. Keep in mind that this follows seven straight days of gains for our market.
Read MoreShares are vulnerable to a short-term consolidation or pullback. But if we are right, and April was the low in economic conditions, then shares are likely to be higher on a 6 to 12-month horizon.
Read MoreThe Fed is not even thinking about raising rates anytime soon, and forecasts zero through to 2022. Dow down -282.
Read MoreUS sharemarkets were mixed again in a volatile session on Wednesday as investors digested the latest comments by the Fed chair. Banks fell but technology shares rose.
Read MoreContrary to the expectations of many in Wall Street (and President Trump), the US economy won’t be taking off into recovery any time soon, according to the US Federal Reserve’s latest post monetary policy meeting statement and quarterly forecasts.
Read MoreThe Dow and S&P 500 fell Wednesday afternoon for a second day, even though the Federal Reserve pledged to keep its ultra-easy monetary policy in place until 2022 at least. The falls though didn’t include the Nasdaq which is off on another surge and closed over 10,000 points for the first time.
Read MoreThe ASX 200 has had its best day in 2 weeks with a 2.45% rally as banks did much of the heavy lifting. The index closed at the best levels in three months as global optimism helps drive equity markets higher.
Read MoreThe Aussie market has turned around an early deficit to continue its recent rally into a seventh session. The ASX 200 fell 50 points or 0.8% early before turning positive as losses for financials, energy and property offset improvements for all other sectors, led by health & IT.
Read MoreRealism from a major US department store chain about when life for it (and most retailers) will be back to pre-COVID-19 ’normal’. In an interview after releasing the barebones of its March quarter figures, Macy’s warned that its business was not likely to return to normal until late 2021.
Read MoreWhile tens of millions of Americans were losing their jobs, the US stock market in April produced its best monthly return in over 30 years. Sean Markowicz, Strategist at Schroders looks at what’s behind this apparent disconnect.
Read MoreThe reopening trade that had been driving Wall Street reversed last night, as Big Tech once again took over. Dow down -300, Nasdaq at a new high.
Read MoreInvestors are awaiting word from the US Federal Reserve about yield curve control and negative interest rates, subjects of broad speculation, after its policy meeting ends on Wednesday.
Read MoreThe ASX is looking at a sharp partial reversal of Tuesday’s solid 2.4%, 146 point surge when trading resumes this morning after a weak night in Europe and on Wall Street.
Read MoreThe Hong Kong government has saved Cathay Pacific from falling to the mainland owned Air China via a multi-billion dollar bailout.
Read MoreBusiness conditions saw “a broad-based improvement” in May while business confidence rose again from the lows of March. But the NAB pointed out that despite the improvements, actual conditions and confidence remain in a deep rut, or as the bank’s economics team described it “deeply negative”.
Read MoreThe ASX 200 has had its best day in 2 weeks with a 2.45% rally as banks did much of the heavy lifting. The index closed at the best levels in three months as global optimism helps drive equity markets higher.
Read MoreAussie shares are surging higher as the holiday-shortened week kicks off, with the ASX 200 lifting by 2.3 percent at lunch.
Read MoreUS sharemarkets rose on Monday as easing lockdowns boosted economic optimism. The tech-focused Nasdaq index hit a new intraday record high. Boeing (+12.2%) led gains on the Dow Jones index. Occidental Petroleum’s shares rose by 17.4% after Bloomberg reported that the company is reviewing options for its Middle Eastern assets. The Dow Jones rose by 461 points or 1.7%. The S&P500 index rose 1.2% – turning positive for 2020. And the Nasdaq index rose by 110 points or 1.1%.
Read MoreChina’s iron ore imports in May fell 9% from April but were up on May a year ago even though prices rose 20% in the month to end above $US100 a tonne (for 62% Fe fines) for the in time in 10 months.
Read MoreChina’s economy is still battling to regain growth momentum. Surveys of manufacturing and service sector activity for May, released last week were weaker than expected, now exports for last month have slid and imports slumped.
Read MoreWall Street has regained all their losses for the year thanks to a rally spurred by central bank stimulus and optimism among investors that the pace of economic recovery may be accelerating.
Read MoreThe major event for the week is the two day meeting of the US Federal Reserve, especially in the wake of the surprising jobs report for May which showed a rise in new jobs and a fall in the unemployment rate.
Read MoreThe Aussie market has improved for five straight days, with the ASX 200 hovering around three-month highs thanks to gains from the banks.
Read MoreNickel, as a commodity, is rapidly gaining analyst and investor attention. In response we hosted the Nickel’s New Wave Webinar featuring some of the most exciting nickel plays on the ASX.
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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. |
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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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