Australia…1 hour in… ASX200 up 34

By Scott Phillips | More Articles by Scott Phillips

ASX200 up 34 points (0.5%) to 7326.


  • A2Milk (+1.9%); comp co British consumer goods giant Reckitt Benckiser Group will take a £2.5bn hit on the sale of its struggling baby formula business in China.   Not quite the same model as A2M……
  • Afterpay (+1.8%); is shrugging off a US class action against them by labelling it “without merit”.
  • Ampol (+0.5%); Australian Court has dismissed Chevron’s Caltex trademark claim.
  • Austal (+1.7%); Austal USA has been awarded a US$44m contract for the design and production on Expeditionary Fast Transport (EPF) 13, the future USNS Apalachicola.
  • Brickworks (+9%); expects to lift FY earnings from its building products businesses in both Aust and Nth America in FY21, but cannot provide profit guidance amid lingering Covid-related uncertainty.
  • Cardno (+24%); said it has received several unsolicited approached from external parties.
  • Emerge Gaming (+13%); MIGGSTER now has 1 million paid subscribers.
  • Perenti Global (+4.4%);its surface mining business in Africa, African Mining Services, has been awarded the $648m contract for open pit mining services at the Sandfire Resources Motheo Copper Project.
  • Probiotic (+9.7%); has upgraded FY21 guidance and said it continues to see a strong level of inquiry from existing and new customers including to onshore manufacturing.
  • Splitit (+3.3%); has signed a partnership with US-based financing platform ChargeAfter.
  • Woolworths (-0.8%); has apologised for failing to properly consult with Aboriginal health groups on a proposed Dan Murphy liquor outlet in Darwin.

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.

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