Michele Bullock suggests that the Reserve Bank of Australia can lower interest rates even before inflation reaches the 2.5 percent target, emphasising the importance of confidence in reaching the target when adjusting monetary policy to avoid abrupt changes.
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The Kerry Stokes-controlled building products giant, Boral, has upgraded its full-year earnings guidance after revealing a strong performance for the six months to December.
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With a few A-REITs releasing their December 2024 Half Year Results this week, next week sees a number of the larger REITs' result which will provide a broader picture of the health of the property sector.
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The S&P 500 finished little changed on Thursday after briefly topping the 5,000 milestone for the first time on record.
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Google has announced a significant rebranding of its AI chatbot and assistant, formerly known as Bard, unveiling it as Gemini. The rebrand comes alongside the launch of a new app and subscription options for users. Gemini, a key competitor to OpenAI’s ChatGPT, shares its name with the suite of AI models powering the chatbot.
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One way to slow or halt stock market uncertainty is to call a holiday. Usually, that ends up being bad news because when trading resumes, the slide continues and even deepens. Regardless of what happens, for China’s shattered stock markets, the week-long break for the Lunar New Year couldn’t come too soon on Thursday.
Read MoreStocks were mixed during Thursday trading, with the S&P 500 on the brink of breaching the 5,000 milestone for the first time ever.
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QX Resources Limited (ASX:QXR) Managing Director Steve Promnitz discusses movements in the lithium price and recent drill results.
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On Thursday, the benchmark S&P/ASX 200 rose 0.3% to 7638.4 points, with the utilities sector up 1%, led by AGL Energy's 10.3% surge after reporting a profit of $576 million for the six months to December.
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CEO and Managing Director Mark Freeman and Portfolio Manager David Grace discuss the FY24 half-year results of Australian Foundation Investment Company (ASX:AFI).
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Mark Freeman, Managing Director, CEO and Portfolio Manager of AMCIL (ASX:AMH), discusses FY24 half-year results.
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In August, Charter Hall Long WALE REIT indicated its intention to sell assets to manage gearing after suffering significant write-downs and asset devaluations, leading to a loss of $189 million for the 2022-23 financial year.
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Another month of falling consumer and producer prices in China underscores the country's weak activity and demand. However, a slight silver lining emerged in the consumer price data.
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Property and retailing group Mirvac (ASX:MGR) has recorded statutory losses totaling $366 million for the 18 months ending December 31, with an additional $201 million loss for the six months leading up to that date. The company experienced a significant downturn, transitioning from a $215 million profit in December 2022 to a loss of $201 million in December 2023.
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A snapshot of the stocks on the move, featuring QX Resources (ASX:QXR), Chimeric Therapeutics (ASX:CHM) and Alliance Nickel (ASX:AXN).
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The S&P/ASX 200 rose by 0.4% by almost midday, with gains from Cochlear and AGL being counteracted by a decline in REA Group.
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In the midst of ongoing confusion surrounding Sydney's troubled Rozelle traffic interchange, Transurban (ASX:TCL), the toll road giant, remains resolute in its financial projections.
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AGL Energy (ASX:AGL) reported a sharp improvement in interim earnings on Thursday and a significant jump in its full-year guidance range.
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The S&P 500 rose Wednesday and edged closer to the 5,000 level, notching a closing high as investors parsed through another slate of quarterly results that signalled a flourishing economy.
Read MoreThe S&P 500 rose Wednesday and edged closer to the 5,000 level for the first time, hitting a new intraday record as investors parsed through another slate of quarterly results that signalled a flourishing economy.
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The mooted merger between Woodside (ASX:WDS) and Santos (ASX:STO) was abandoned yesterday, eliciting relief more than anything else.
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For thousands of Amcor (ASX:AMC) employees, the company's exposure to world economic activity took a harsh turn in the six months leading to December, as confirmed by Wednesday's quarterly and interim results.
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The marriage between Woodside (ASX:WDS) and Santos (ASX:STO) was called off just before midday on Wednesday.
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Fund Manager Chris Pedersen discusses Megaport, Pinnacle Investment Management Group, Origin Energy and GQG Partners.
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On Wednesday, Australian shares rebounded, with the S&P/ASX 200 closing 0.5% higher at 7615 and the All Ordinaries also rising by the same percentage.
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A snapshot of the stocks on the move, featuring Sunshine Metals (ASX:SHN), Noble Helium (ASX:NHE) and Grand Gulf Energy (ASX:GGE).
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Australian shares, particularly miners, are rebounding today, with the S&P/ASX 200 is 0.63 per cent higher at 7,629.60, retracing losses from the past two days.
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Despite the gloom in retailing, catering to aspirational and wannabe consumer groups is still paying off handsomely for Melbourne-based luxury goods website Cettire, which reported its best half-year performance ever.
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A day after losing 7.5% of its market value, Piedmont Lithium announced a 27% reduction in its workforce as it grapples with the challenges in the lithium industry.
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The National Australia Bank (ASX:NAB) has selected Andrew Irvine to succeed the current CEO, Ross McEwan. The bank announced on Wednesday morning that Andrew Irvine will assume the role of Group Chief Executive Officer and Managing Director, starting from April 2nd this year. Mr. Irvine has been serving as the NAB's Group Executive in charge of Business and Private Banking since 2020.
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The Dow Jones Industrial Average climbed on Tuesday as Wall Street assessed the latest batch of corporate earnings and the timeline for rates cuts from the Federal Reserve.
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The December quarter retail sales data from the Australian Bureau of Statistics, released on Tuesday, sheds light on why investors warmly received the results and updates from Myer and Nick Scali, the Sydney-based furniture chain.
Read MoreThe Dow Jones Industrial Average climbed on Tuesday as Wall Street assessed the latest batch of corporate earnings and the timeline for rates cuts from the Federal Reserve.
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Toyota Motor Co has joined its fossil fuel peers – Shell, Exxon Mobil, and Chevron – in demonstrating the lucrative opportunities still available in the oil industry.
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The Australian sharemarket declined as the Reserve Bank of Australia (RBA) left the cash rate unchanged and hinted at potential interest rate hikes due to high inflation, leading to a decrease in bond futures' expectations for rate cuts.
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The Reserve Bank left its cash rate unchanged at 4.35% after its first meeting of the year on Tuesday. Nevertheless, it hinted at the possibility of rate hikes to control inflation, although it also suggested that further rate increases might not be necessary, depending on inflation and economic indicators.
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Altech Batteries (ASX:ATC) reveals prototype, poised for final tests and government backing.
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De Grey Mining (ASX:DEG) has entered into an exclusive option deal with Kalamazoo Resources to potentially acquire the Ashburton gold project in WA's Pilbara.
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Australian shares declined as a response to Wall Street losses and rising bond yields following Federal Reserve Chairman Jerome Powell's statements that a rate cut is not imminent and expectations for multiple cuts through 2024 were too high.
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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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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 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 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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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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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 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 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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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 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 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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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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