Australia… One Hour In… ASX200 up 69

By Scott Phillips | More Articles by Scott Phillips

ASX200 up 69 points (0.9%) to 7365.


  • AGL (+6.5%); upgraded to Buy this morning by JPM.
  • Black Canyon (+11%); have confirmed strong zones of Manganese found at its Braeside and Oakover West operations.
  • Brickworks (+1.8%); FY profit $239.2m vs $298m yoy.   Expects higher earnings from North America in FY22.
  • Cochlear (-0.3%); ex div 140C.  Trading down 74c.
  • IAG (+0.6%); have so far received 435 claims post the Victorian earthquake. Obviously expecting more. No word on $ value but my industry insider says this is not an issue at for them.   QBE +2.1%
  • Premier Investments (+3.5%); FY profit nearly doubles to $271.8m.  Strong online sales have overshadowed store closures.
  • PPK Group (+0.5%); has formed a j/v with Xefco to produce anti-viral, antibacterial face masks.
  • Washington H Soul (+3.1%); FY profit $273m, down 71% yoy, mainly due toa large one-off accounting gain in FY20. Very positive about the future.

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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