Australia… One Hour In… ASX200 up 18

By Scott Phillips | More Articles by Scott Phillips

ASX200 up 18 points (0.2%) to 7224.


  • Collins Foods (+5.3%); signed an agreement with KFC Netherlands to become its corporate franchisee.   Hmmm, KFC…..
  • Mayne Pharma (-0.8%); has received a response from the US FDA and says it is now “a step closer to approval” for its new drug.
  • Openpay (+10%); has secured $271m Receivables Warehouse facility that will rapidly help its expansion in the US, the largest BNPL market
  • Qube (-0.8%); the ACCC will investigate potential competition issues from its Newcastle Agri Terminal acquisition.
  • Sims (+0.5%); upgraded to Buy by 2 brokers this morning.
  • Wesfarmers (+0.1%) / Aust Pharmaceutical (+1.7%) / Sigma Health (+1.7%); WES has bought 95m shares in API, 19%.  Remains committed to its takeover proposal and will not support rival Sigma’s offer.



….and since announcing Dom Perrottet as the new NSW Premier, the Coalition has firmed from $1.90 to $1.75 to win the next NSW election, due in May 2022.      Only a few months ago they were $1.20 with Gladys in charge.

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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