Australia…1 Hour In…ASX Up 98 Points

By Scott Phillips | More Articles by Scott Phillips

ASX200 up 98 points (1.7%) to 5912

– Brickworks (+7%); announced that a lease pre-commitment for 20 years with Amazon has been secured at the JV Trust’s Oakdale West Estate in Western Sydney.

– Collins Foods (+14%); FY profit +5.1%, revenue +9%. Said KFC quickly recovered same-store sales growth (you are welcome) and continues to see Taco Bell as an exciting growth opportunity.

– Gold stocks; Regis -2% Resolute -1.1% Saracen -3.3% St Barbara -0.3% all downgraded by a rival broker (starts with M and then acq)

– Retail Food Group (+12%); said that ASIC has concluded its investigation will not take any enforcement action.

– Travel stocks; Corporate Travel +7% Flight Centre +3% Qantas +5.6% Webjet +3.7%

– WiseTech (-3.2%); CEO Richard White has sold 2.4m shares (worth $41m). Still holds plenty.
Unibail/ Westfield (+2.5%); said customer visits are now at 86% of pre-Covid.

Scott Phillips

About Scott Phillips

Scott has over 35 years experience in Australian equities, starting as a “chalkie” and trader on the Stock Exchange Trading Floor and spending the last 25 years advising and trading for International Institutions. He has been an Executive Director at JPMorgan and Nomura, a Governor of the Australian Stock Exchange and was recently awarded a Lifetime Achievment award by the Australian Stockbrokers Association. Now at Ascot Securities, Scott focuses on advising Family Offices, offshore Soveriegn Funds as well as a growing book of domestic Professional Investors.

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