Hot Stocks: Resolute Mining, AVJennings, SG Fleet, Novonix, ASX
A snapshot of the stocks making headlines this week include Resolute Mining (ASX:RSG), AVJennings (ASX:AVJ), SG Fleet (ASX:SGF), Novonix (ASX:NVX) and ASX (ASX:ASX).
Read MoreTag: ASX
CHESS mess: The ASX’s costly journey to modernisation
The Australian Securities Exchange (ASX:ASX) has unveiled a $445m budget for its revised attempt to replace the Clearing House Electronic Subregister System (CHESS), after its original blockchain-based project failed in 2022.
Read MoreASX files defence in ASIC proceedings
ASX (ASX:ASX) filed its defence today in relation to proceedings initiated by the Australian Securities and Investments Commission.
Read MoreAnalysis of Guzman y Gomez, Domino’s Pizza Enterprises and Incitec Pivot
Fund Manager Chris Pedersen discusses Guzman y Gomez, Domino's Pizza Enterprises and Incitec Pivot.
Read MoreAnalysis of ASX, Endeavour Group, Platinum Asset Management
Fund Manager Chris Pedersen discusses ASX Ltd (ASX:ASX), Endeavour Group Ltd (ASX:EDV) and Platinum Asset Management Ltd (ASX:PTM).
Read MoreStocks of the Hour: Antilles Gold, Elementos, Sayona Mining
A snapshot of the stocks on the move, featuring Antilles Gold (ASX:AAU, OTCQB:ANTMF), Elementos (ASX:ELT) and Sayona Mining (ASX:SYA; OTCQB:SYAXF).
Read MoreStocks of the Hour: Dotz Nano, Immuron, Avecho Biotechnology
A snapshot of the stocks on the move, featuring Dotz Nano (ASX:DTZ, OTC:DTZNY), Immuron (ASX:IMC; NASDAQ:IMRN) and Avecho Biotechnology (ASX:AVE).
Read MoreStocks of the Hour: BluGlass, Vection Technologies, Lake Resources
A snapshot of the stocks on the move, featuring BluGlass (ASX:BLG), Vection Technologies Ltd (ASX:VR1) and Lake Resources (ASX:LKE).
Read MoreStocks of the Hour: EV Resources, Antilles Gold, Respiri
A snapshot of the stocks on the move, featuring EV Resources (ASX:EVR), Antilles Gold (ASX:AAU, OTCQB:ANTMF) and Respiri (ASX: RSH; OTCQB: RSHUF).
Read MoreMarket observations, Brambles, Wesfarmers, ASX
Fund Manager Chris Pedersen discusses markets leading up to the new year, Brambles, Wesfarmers and ASX.
Read MoreStocks of the Hour: Immutep, Chimeric Therapeutics, Sayona Mining
A snapshot of the stocks on the move, featuring Immutep (ASX:IMM; NASDAQ:IMMP), Chimeric Therapeutics (ASX:CHM) and Sayona Mining (ASX:SYA; OTCQB:SYAXF).
Read MoreNew World Metals Conference: Future Battery Minerals
Robin Cox – Technical Director – Future Battery Minerals (ASX:FBM) is focused on exploration for key battery minerals lithium, nickel and copper in stable pro mining jurisdictions.
Read MoreStocks of the Hour: Lake Resources, Latin Resources, Noble Helium, Lithium Universe
A snapshot of the stocks on the move, featuring Lake Resources, Latin Resources, Noble Helium and Lithium Universe.
Read MorePrime Financial Group (ASX:PFG) – Webinar Presentation
Simon Madder – Managing Director & CEO – Chairman – Prime Financial Group (ASX:PFG) is an Advisory & Capital Group, operating across four key areas in Accounting & Business Advisory, Wealth Management, SMSF and Capital in its three core locations of Melbourne, Sydney and Brisbane.
Read MoreStocks of the Hour: Melbana Energy, Azure Minerals, Empire Energy
A snapshot of the stocks on the move, featuring Melbana Energy (ASX:MAY), Azure Minerals (ASX:AZS) and Empire Energy (ASX:EEG).
Read MoreASX Ready to Make its Next Move
The market didn’t think much of the five-year plan the ASX announced on Tuesday, marking shares down by more than 10%.
Read MoreBlockchain Failure Puts ASX in Check with ASIC
ASIC is investigating the ASX for potential breaches of continuous disclosure, business judgement and deceptive conduct over its failed CHESS blockchain replacement project.
Read MoreASX Finally Gives Blockchain Plans the Flick
The ASX revealed Thursday that it has officially written off the long-awaited blockchain technology designed to replace its core CHESS trading service – at a cost of around $255 million.
Read MoreASX – Macquarie rates the stock as Outperform
The Outperform rating and $94 target price are maintained.
Read MoreASX – Credit Suisse rates the stock as Neutral
Neutral rating maintained. Target is reduced to $85 from $86.
Read MoreASX – Credit Suisse rates the stock as Neutral
Credit Suisse retains its Neutral rating and $86 target price for ASX following the release of March quarter trading activity statistics.
Read MoreASX – Macquarie rates the stock as Outperform
The broker likes the long term growth outlook and retains its Outperform rating, while the target slips to $96.50 from $103.50.
Read MoreASX – Credit Suisse rates the stock as Neutral
The Neutral rating and target price of $78.00 are retained.
Read MoreIndex Highs Don’t Translate to Earnings for ASX
The ASX may be at or around all-time highs and risen to those levels during the year to June, but that hasn’t translated to higher earnings or a higher dividend for shareholders.
Read MoreASX – Macquarie rates the stock as Outperform
Given greater confidence in the growth outlook, the broker upgrades to Ourtperform from Neutral. Target rises to $94.00 from $66.50.
Read MoreASX – Morgans rates the stock as Downgrade to Reduce
The rating falls to Reduce from Hold, due to the recent share price rise. The target price increases to $65.87 from $65.59.
Read MoreASX – UBS rates the stock as Neutral
Neutral rating and $70 target maintained.
Read MoreASX – Credit Suisse rates the stock as Neutral
Credit Suisse maintains its Neutral rating with the target price rising to $74 from $71.
Read MoreASX – UBS rates the stock as Neutral
ASX’s February activity report shows cash equity turnover declined -13% versus last year yet was above the levels seen in the first half. UBS retains Neutral rating with a target of $68.
Read MoreASX Trims Dividend As Earnings Stay Stubbornly Flat
The ASX has trimmed its half year payout to shareholders by 3% to 112.4 cents a share after missing the benefits of the big market recovery in the six months to December.
Read MoreASX – Credit Suisse rates the stock as Underperform
Credit Suisse found the ASX’s December trading activity update (slightly) weaker-than-projected, and therefore the current share price is considered too expensive. Target price is $71.00.
Read MoreASX – Macquarie rates the stock as Upgrade to Neutral
Following the ASX’s second quarter update, Macquarie analysts have updated their modelling ahead of the upcoming half-yearly report, scheduled for release in February. Target price is $70.50.Current Price is $71.84.
Read MoreASX – Credit Suisse rates the stock as Underperform
ASX’s November trading activity was broadly in line with Credit Suisse’s forecasts and the broker’s revenue forecasts remain largely unchanged.
Read MoreASIC Probe Puts ASX Shares Under Pressure
Shares in ASX Ltd have slumped to their lowest level in seven months after ASIC started a probe of last Monday’s loss of all but 24 minutes of the day’s session and then problems with the price matching system the next day which resulted in some doubts about the prices shares were bought and sold at.
Read MoreIPO floodgates open
Australian small cap investors have an unprecedented opportunity to gain exposure to new company floats, according to small companies specialist OC Funds Management (OC). At its September investor briefing, OC Head of Investments Rob Frost highlighted that the concentration of Initial Public Offerings (IPOs) seeking to list in the final stretch of 2020 was probably the highest he has witnessed in his nearly 20 years at OC.
Read MoreAussie Tech showing resilience: an update following the Q2 rebalance
On 4 March 2020, we launched the BetaShares S&P/ASX Australian Technology ETF (ASX: ATEC), the first ETF focused on providing access to Australia’s fast-growing technology sector. ATEC offers exposure to a diversified portfolio of dynamic ASX-listed tech players such as Xero, Afterpay, Seek, WiseTech Global and carsales.com.
Read MoreRobotics and A.I. leaders spearheading the battle with COVID-19
by Cameron Gleeson
Read MoreASX Ltd Shares Are Defensive In Uncertain Times
ASX shares are currently trading on a 1-year forward P/E multiple in excess of 30x. While this appears unattractive in the context of a low- to mid-single digit EPS growth profile over the medium term, we consider that ASX is likely to continue to outperform the broader market in light of the current uncertainty.
Read MoreASX – Credit Suisse rates the stock as Neutral
Credit Suisse assesses earnings should benefit from volatility in the short term. ASX is considered the most defensive stock amongst diversified financials and it carries no debt.
Read MoreASX – Citi rates the stock as Sell
Citi lifts estimates for earnings per share by 1% based on solid volumes over the year to date. The broker believes ASX has many qualities, including a strong competitive position, commitment to a stable pay-out and positive leverage to higher market volatility.
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