Stocks of the Hour: Red Metal, Gladiator Resources, Charter Hall
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A snapshot of the stocks on the move, featuring Red Metal (ASX:RDM), Gladiator Resources (ASX:GLA) and Charter Hall (ASX:CHC).
Read MoreA snapshot of the stocks on the move, featuring Red Metal (ASX:RDM), Gladiator Resources (ASX:GLA) and Charter Hall (ASX:CHC).
Read MoreThe companies that present opportunities and pitfalls in the current real estate sector within Australia.
Read More20 Jul 2023 – Australia's largest landlords have recently downgraded the values of their office block portfolios, but investors are seeking deeper discounts amid a significant gap between public and private valuations.
Read MoreOutperform and $22.68 target retained.
Read MoreThe Neutral rating is retained and the target price increases to $21.19 from $19.37.
Read MoreThe broker revises FY22 and FY23 estimates up by 11.6% and 10.6%, increasing the target to $19.37 from $18.87. Neutral maintained.
Read MoreUpgrades from Goodman Group and Charter Hall reveal that the pandemic is now delivering good times in the rebound phase for the property sector after crimping activity in 2020.
Read MoreAirlie’s Will Granger looks at one of the ASX’s top performers over the past decade, Charter Hall, which has delivered a total shareholder return of 19% per annum since listing in 2005.
Read MoreGuidance is for earnings per security of at least $0.57 and the broker would not be surprised if the actual outcome is higher. Neutral rating maintained. Target rises to $15.43 from $14.40.
Read MoreCharter Hall has made a habit of upgrading guidance then beating this at the result. Now, FY21 has been upgraded for the third time.
Read MoreBuy rating and $16.10 target retained.
Read MoreMacquarie notes the company’s development pipeline is getting larger, at $7bn, aiding returns to both unit holders and the underlying funds. Outperform rating and $15.78 target retained.
Read MoreCharter Hall Group acquired $3bn worth of assets over the first four months of FY21, leading to a 7% increase in the group’s assets under management (AUM) since June to $43.3bn. This beats Macquarie’s previous full-year forecast of $42.3bn.
Read MoreUBS is increasingly convinced of Charter Hall’s ability to continue raising and deploying third-party equity/debt. The broker upgrades earnings estimates by 7-8% to reflect growth in assets under management and co-investments.
Read MoreCharter Hall has upgraded FY19 operating earnings growth guidance to 24% from 14-17%. The broker had assumed 16%. The upgrade largely reflects an upgrade to the Charter Hall Office Trust performance fee. Upside to this fee, and to assets under management, suggest upside risks to FY20 guidance, the broker believes.
Read MoreUBS transfers coverage of Charter Hall to another analyst. The target is upgraded to $11.05 from $8.60 and earnings estimates are increased by 10-20%.
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