Australia… One Hour In… ASX200 up 3
ASX200 up 3 points (0.4%) to 7596. Commonwealth Bank (+1.2%); FY net profit $8.65bn, +19.8% yoy. Dividend $2 vs $1.50 yoy. $6bn buy back. Lots of comments out there…..
Read MoreASX200 up 3 points (0.4%) to 7596. Commonwealth Bank (+1.2%); FY net profit $8.65bn, +19.8% yoy. Dividend $2 vs $1.50 yoy. $6bn buy back. Lots of comments out there…..
Read MoreASX200 up 33 points (0.4%) to 7571. James Hardie (+4.1%); Cracking result. 1Q profit $121.4m vs $9.4m yoy. Raised FY guidance.
Read MoreASX200 up 24 points (0.3%) to 7562. Gold; down 2.4%/ Silver -7% on bets the US may soon start tapering its asset purchases. EVN GOR NCM PRU RRL SLR all down 2% to 6%.
Read MoreASX200 down 4 points to 7499. Imugene (+0.8%); have announced a strategic research partnership with Celularity, a NASDAQ listed co, for the treatment of tumours.
Read MoreASX200 up 15 points (0.2%) to 7489. Fortescue (+0.7%); overnight Vale downgraded its production capacity.
Read MoreASX200 up 91 points (1.2%) to 7483.
Read MoreASX200 down 10 points (0.1%) to 7406. AMP (-2%): acknowledges the commencement of civil proceedings by ASIC in relation to historic charging of Plan Service Fees.
Read MoreASX200 up 33 points (0.5%) to 7412. Macquarie (-0.1%); 1Q contribution up “significantly” on pcp. Maintains cautious stance and warned of potential lower dividend.
Read MoreASX200 down 20 points (0.3%) to 7411. IGO (-1.5%); said FY production of copper and nickel beat expectations, while costs were lower than anticipated.
Read MoreASX200 up 20 points (+0.3%) to 7414. BlueScope (+2.6%); cracking result. Said 2H earnings beat guidance as all segments delivered better results than FY20. Highest profit in 19 years.
Read MoreASX200 up 17 points (0.2%) to 7412. Lynas (+9%); said 4Q output of its core products rose slightly despite challenges from C19 in Malaysia, while its Q sales revenue reached a record high.
Read MoreASX200 down 1 point to 7386. Rio Tinto (-0.6%); workers at its Kitimat aluminum smelter and Kemano power operations in British Columbia, Canada, have gone on strike.
Read MoreASX200 up 45 points (0.6%) to 7354. Iluka (+6.7%); reported a sharp jump in 1H sales, and continues to explore ways to cut costs at its troubled Sierra Leone operations.
Read MoreASX200 up 91 points (1.3%) to 7344. BHP (+1.7%); press speculation that BHP is considering getting out of oil and gas.
Read MoreASX200 down 46 points (0.6%) to 7240. Oil Search (+3.3%) / Santos (-3%); Oil Search has said it received a takeover approach from Santos about 3 weeks ago, which the board rejected.
Read MoreASX200 up 23 points (0.3%) to 7297. CSR (+0.8%); AGM today. Says it is well placed for year ahead and that homebuilder activity is driving stronger demand.
Read MoreASX200 down 28 points (0.4%) to 7269. Splitit (+0.5%); has partnered with US healthcare payment platform, Green Feather.
Read MoreASX200 down 39 points (0.5%) to 7303. Sky Network (+3.2%); announces long-term partnerships with NRL and New Zealand Rugby League through to the end of 2027.
Read MoreASX200 up 93 points (1.3%) to 7328. Openpay (+10%); has acquired Payment Assist, a leading BNPL provider to the UK Automotive sector.
Read MoreASX200 down 105 points (1.4%) to 7264. Boral (+2.2%); Westlake Chemical Corp will buy Boral’s North America building products business for $2.15bn.
Read MoreASX200 up 31 points (0.4%) to 7391. Sydney Airport (+1.2%); total passenger traffic was down 59% vs last year. We know why…..
Read MoreASX200 down 35 points (0.5%) to 7350. Ramelius (-5.8%); has commenced ore mining at its Tampia gold mine.
Read MoreASX200 up 62 points (0.8%) to 7374. Fortescue (+2.2%); in talks with the Congo Govt about developments in the country. No agreement has yet been concluded.
Read MoreASX200 down 9 points (0.1%) to 7293. AMP (-0.4%); has named Shawn Johnson as CEO of AMP Capital. He is a former US Navy lieutenant and ex-State Street.
Read MoreASX200 up 25 points (0.3%) to 7295. ANZ (-0.2%); has said they see rates @ 0.5% by the end of 2023. Newcrest (+0.4%); several new high grade deposits have been found at its Havieron Deposit.
Read MoreASX200 up 34 points (0.5%) to 7326. Afterpay (+1.8%); is shrugging off a US class action against them by labelling it “without merit”.
Read MoreASX200 up 20 points (0.3%) to 7302. National Aust Bank (+0.7%); Westpac (+0.3%); ratings agency Standard & Poor’s has revised NAB’s outlook from “negative” to “stable”.
Read MoreASX200 down 6 points to 7289. Clinuvel (-0.5%); its drug afamelanotide has been administered to a first patient diagnosed with an acute arterial ischaemic stroke (AIS) enrolled in a world’s first clinical trial.
Read MoreASX200 up 46 points (0.6%) to 7263. Wesfarmers (-0.1%); has seen significant volatility in monthly sales – positive on a 2-year basis but mixed month to month.
Read MoreASX200 up 50 points (0.7%) to 7193. Woodside (+3.2%); has appointed former WA Treasurer Ben Wyatt as a non-executive director.
Read MoreASX200 up 3 points to 7182. Nuix (-16%); have announced their second earnings downgrade in six weeks following “recent developments” in its new and existing customer contract revenue pipeline.
Read MoreASX200 up 14 points (0.2%) to 7107. Qantas (-1%); Virgin has started cancelling flights in and out of Melbourne. No word from Qantas as yet……
Read MoreASX200 up 3 points to 7118. ASX (+0.3%); Deputy CEO Peter Him has resigned and will join Global Investment firm Motive Partners.
Read MoreASX200 up 14 points (0.2%) to 7033. Sydney Airport (+1.6%); AGM today. Said it will only issue guidance if there is “reasonable clarity” on any international travel.
Read MoreASX200 down 104 points (1.4%) to 6963. Appen (+10.8%); announced an overhaul of its organisational structure.
Read MoreASX200 up 43 points (0.6%) to 7067. Woodside (+1.4%); intends to exit its 50% interest in the proposed Kitimat liquefied natural gas development in Canada and expects associated costs to cut 2021 net profit by up to $60m.
Read MoreASX200 up 20 points (0.3%) to 7034. Aristocrat (+4.3%); announced a 12% upgrade to 1H earnings, but said the outlook remained uncertain due to Covid-related volatility.
Read MoreASX200 up 67 points (0.9%) to 7049. AMP (+2.3%); press speculation that Australian bond fund manager Fortlake Asset Management will make a play for AMP’s Fixed Income unit.
Read MoreASX200 down 20 points (0.3%) to 7024. Xero (-10%); said annual profit increased almost six-fold after a 2H recovery in the cloud accounting firm’s subscriber growth.
Read MoreASX200 down 55 points (0.8%) to 7118. Dexus (+0.5%); has made an offer to acquire APN Property Group at 91.5c a share.
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