ASX – UBS rates the stock as Sell
UBS observes strong equity markets and volatility in interest rates support stronger second half activity. Average daily cash equity turnover is now up 8.5% while futures volumes are running 14% higher.
Read MoreTag: ASX
ASX – Credit Suisse rates the stock as Underperform
Credit Suisse upgrades forecasts by 1-2% for FY19-21 to reflect the better activity trends in the March quarter. Upgrades are driven by stronger than expected derivatives activity. Meanwhile, corporate actions were down -40% with only $7bn in equity being raised.
Read MoreASX – Citi rates the stock as Sell
And yet again the ASX delivered a better-than-expected interim performance, but Citi analysts still cannot get past its valuation. Estimates have been lifted by 2%-3% and take some comfort from guidance towards further lower costs.
Read MoreVolatile Markets Help ASX Profit
The stockmarket’s burbling and after reporting a solid 2015-126 result (when the market fell 5%), investors will be looking for the ASX Ltd to clock up another good year in 2016-17.
Read MoreNo Boss No Problem For ASX
While the ASX Ltd has stepped up efforts to find a new CEO to replace Elmer Funke Kuper who quit last month, the country’s major stockmarket operator found not having a boss any bar to maintaining its high level of profits.
Read MoreASX Lifts Revenue, Profits
ASX Ltd (ASX), the operator of the Australian Securities Exchange, yesterday revealed a 10% rise in net profit in the nine months ended March 31 to $US286.9 million.
Read MoreIPO Boom Boosts ASX
The Australian Securities Exchange (ASX) did well out of the 14.3% rise in the market in the six months to December and an upturn in new listings, reporting a 10.8% rise in net earnings yesterday and a slightly higher dividend.
Read MoreASX Asks For More Than Half A Billion To Boost Capital
ASX Ltd plans to raise up to $550 million in a two for 19 rights issue at $30 a share to in part fund new capital needed for the exchange’s clearing house.
Read MoreDeals: ASX-SGX Marriage Off?
And there goes a nice earner for a few members on the ASX board who had pushed for the takeover offer from the Singapore Stock Exchange.
Read MoreDeals: Opposition To ASX Bid Knocks Share Price Down
Political opposition seems to be growing about the proposed $8 billion takeover of the ASX by the Singapore Stock Exchange.
Read MoreDeals: ASX-SGX Agree On Wedding Terms
The Australian Securities Exchange and Singapore’s stock exchange have reached agreement to merge in a deal worth $A8.4 billion.
Read MoreBids: Marriage For Singapore, Australian Exchanges?
We could know as early as today if the ASX and the Singapore Exchange are to merge after a flurry of market activity and statements (and obvious briefings to business writers) on Friday.
Read MoreMeetings: ASX To Lose CEO, Quiet On Talks
Australian Securities Exchange is looking for a new CEO after the current incumbent, Robert Elstone revealed plans to retire from July next year.
Read MoreSurveillance: ASX, ASIC Fail Disclosure Test
If the ASX Ltd and ASIC can’t be expected to get disclosure and timely surveillance spot on, why should other companies be queried or chided for their faulty disclosure or unexplained price movements?
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