Hot Stocks: ANZ, South32, Perpetual, Downer EDI, Ventia, HMC Capital
A snapshot of the stocks on the move, featuring ANZ, South32, Perpetual, Downer EDI, Ventia and HMC Capital.
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Home Consortium is a wholly Australian-owned property group, backed by some of Australia’s most successful retail organisations.
In 2016, the company acquired the property assets formerly occupied by Masters hardware and began the process of creating a new concept in value and convenience-based shopping in regional and outer-metro areas across the country.
Today, a portfolio of 35 assets are present in five states under the HomeCo brand, offering a unique mix of everyday needs and inspired lifestyle brands, with many anchored by national supermarkets and many of Australia’s most successful retail brands. HomeCo is built on a platform of hyper-convenience and everyday value, anchored by Australia’s leading supermarkets, daily-needs and services enterprises, and delivering a sustainable trading model for brands in a diversity of retail categories including lifestyle, health and wellness, homewares and electronics.
A snapshot of the stocks on the move, featuring ANZ, South32, Perpetual, Downer EDI, Ventia and HMC Capital.
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A snapshot of the stocks on the move, featuring Northern Star Resources (ASX:NST), GQG Partners (ASX:GQG), Hazer Group (ASX:HZR), INOVIQ (ASX:IIQ) and HMC Capital (ASX:HMC).
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Fund Manager Chris Pedersen discusses Cooper Energy (ASX:COE), HMC Capital (ASX:HMC) and Exxon Mobil Corp (NYSE:XOM).
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DigiCo REIT (ASX:DGT), a new real estate investment trust focused on data centres, has launched Australia's largest initial public offering in six years, raising $2bn.
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HMC Capital has announced the acquisition of Neoen’s Victorian renewable energy portfolio for $950m, marking a step in its move into the energy transition sector.
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The broker raises the target to $7.53 from $5.87 and retains a Neutral rating.
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The broker initiates coverage with a Sell rating and $5.20 target, given the excessively high expectations for asset growth implied by current market pricing.
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The Add rating is maintained and the target lifts to $5.01 from $4.17.
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First half results were in line with Credit Suisse's expectations, with completed developments the main driver of growth. Neutral maintained. Target is raised to $3.90 from $3.87.
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Morgans notes Home Consortium had an active end to 2020 after spinning off the HomeCo Daily Needs REIT ((HDN)), new acquisitions and a capital raising. The Add rating is unchanged and the target price increased to $4.27 from $3.60.
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Credit Suisse updates estimates to account for the establishment of the HomeCo Daily Needs REIT ((HDN)). Earnings dilution is expected, given Home Consortium has only a 27% interest in the REIT.
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