10 Jul 2023 – The ASX declined further as weak consumer inflation data from China contributed to ongoing losses, with the benchmark S&P/ASX 200 index falling 0.54 per cent at 7,004, primarily driven by losses in most industry sectors.
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10 Jul 2023 – Oil stabilises as Saudi Arabia and Russia commit to supply cuts, while the market faces challenges from China's economic slowdown, central banks' tightening policies, and the US purchasing additional crude for its Strategic Petroleum Reserve.
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10 Jul 2023 – Stocks fell on Friday, and finished lower for the week, as Wall Street struggled to shake off fears that the Federal Reserve may start hiking rates again later this month.
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07 Jul 2023 – Better-than-expected jobs data increased investors’ anxiety around the state of the economy and the path of interest rates.
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06 Jul 2023 – The Australian dollar briefly dropped 0.6 per cent to a low of US66.34 against the US dollar as sentiment continues to deteriorate across Asian markets.
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06 Jul 2023 – ABS has reported that Australia recorded a trade surplus of $11.8 billion in May, with strong commodity prices contributing to the boost in the economy.
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06 Jul 2023 – The Dow Jones Industrial Average slid on Wednesday as Wall Street digested the Fed meeting minutes for insights into monetary policy.
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05 Jul 2023 – At the closing bell, the S&P/ASX 200 was 0.35 per cent lower at 7,253.20, experiencing a decline, ending a three-day period of gains. The index closed down by 0.4 percent at 7253.6 points, reaching a low of 7247.6 during the day.
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05 Jul 2023 – China's Caixin services manufacturing PMI for June fell short of expectations at 53.9 points, disappointing analysts who anticipated a stronger rebound at 56.2, while the Caixin composite PMI declined to 52.5 in April.
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05 Jul 2023 – Overnight, US markets were closed due to the fourth of July holiday. Futures tied to the Dow Jones Industrial Average and Nasdaq-100 lost 0.1 per cent, while contracts tied to the S&P 500 were flat.
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04 Jul 2023 – The Reserve Bank of Australia has decided to keep the cash rate unchanged at 4.1 percent following its July board meeting.
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04 Jul 2023 – At noon, the S&P/ASX 200 is 0.06 per cent higher at 7,250.60, ahead of the RBA’s interest rate decision at 2:30 PM. Economists are divided on whether there will be a rate change, with some expecting another 25 basis point hike while others anticipate no change. Market pricing suggests a 30% chance of a rate increase. If rates remain unchanged, the market is likely to remain quiet, especially with the US on a holiday.
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04 Jul 2023 – Stocks rose slightly Monday in a shortened session that kicked off the second half of what’s already been a stellar year on Wall Street.
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03 Jul 2023 – Supported by positive sentiment from Wall Street, the S&P/ASX 200 closed 0.59 per cent higher at 7,246.10, with the benchmark index gaining 0.3% and nine out of 11 sectors experiencing gains.
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03 Jul 2023 – The Australian residential market is showing early signs of recovery, as building approvals and housing finance approvals have rebounded strongly.
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03 Jul 2023 – Oil prices remained relatively stable as the second half of the year began, as traders closely monitored factors affecting demand and the complex supply situation.
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03 Jul 2023 – Stocks rose Friday and technology names continued their staggering run to cap off a strong start to the year, and the best first half for the Nasdaq Composite since 1983.
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30 Jun 2023 – Chinese manufacturing activity contracted for the third consecutive month. Additionally, the value of the onshore yuan reached its lowest level since November.
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30 Jun 2023 – Big bank names gained after passing the Federal Reserve’s annual stress test, and a revised upward GDP print alleviated some recession fears.
Read More29 Jun 2023 – Although technology stocks performed well, the gains were not enough to offset losses in mining, real estate and utilities sectors.
Read More29 Jun 2023 – Job vacancies in Australia decreased by 2% in May 2023 compared to February 2023, with private sector vacancies declining by 2.3% and public sector vacancies increasing by 0.3%.
Read More29 Jun 2023 – The S&P 500 was little changed Wednesday as traders pored commentary from Fed Chair Jerome Powell.
Read More28 Jun 2023 – Australian shares experienced a significant rally on Wednesday as the country's annual inflation rate unexpectedly slowed to a 13-month low.
Read More28 Jun 2023 – Centuria Office REIT (ASX:COF) has announced significant developments, including a successful $225 million debt refinancing initiative and the exchange of a sales contract for the divestment of a non-core property.
Read More28 Jun 2023 – Fanatics Betting and Gaming has made an improved proposal to acquire PointsBet's (ASX:PBH) US business for US$225 million (~A$333 million).
Read More28 Jun 2023 – Identifying one of WA's most exciting lithium finds involved trawling through long-forgotten archives in the bowels of the state’s museum.
Read More28 Jun 2023 – In May, inflation in Australia dropped to 5.6%, compared to 6.8% in the previous month. This decrease has raised hopes that the Reserve Bank can halt its series of interest rate hikes. Economists had expected a slowdown in annual price growth to around 6% due to lower fuel and travel expenses.
Read MoreA snapshot of the stocks on the move, featuring Raiden Resources, Encounter Resources, Stellar Resources.
Read More28 Jun 2023 – Bitcoin Cash has experienced more than doubled in the past week.
Read More28 Jun 2023 – Australia Post CEO Paul Graham has observed a weakening trend in parcel delivery volumes as consumers tighten their belts in response to rising interest rates and cost of living pressures.
Read More28 Jun 2023 – The Nasdaq has gained 29.5 per cent this year, on pace for its best first half in 40 years.
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27 Jun 2023 – Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the possible recession.
Read MoreShares snapped a consecutive decline over the course of four days, while the banking, real estate, and mining sectors outperformed.
Read MoreSonic Healthcare has announced its acquisition of Swiss laboratory network Synlab Suisse for CHF100m ($250.9m).
Read MoreMoody’s has expressed strong approval for Northern Star’s $1.5 billion expansion plan for the SuperPit gold mine near Kalgoorlie.
Read MoreShares in KFC chain Collins Foods (ASX:CKF) surged on Tuesday following an impressive start to the 2023-24 financial year, despite concerns over rising inflation costs.
Read MoreBega Group (ASX: BGA) has issued a warning that escalating dairy prices could result in a substantial non-cash impairment of up to $180m.
Read MoreBHP Group (ASX:BHP) CEO Mike Henry has cautioned against excessive government intervention in global critical minerals supply chains, emphasising the importance of international cooperation and competition to effectively accelerate the energy transition and combat climate change.
Read MoreThe Nasdaq Composite slumped on Monday as investors sold shares of outperforming tech companies and the final trading week of the first half commenced.
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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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