Australia…One Hour In…ASX200 down 1 point
ASX200 down 1 point. Seek (-2.6%); upgraded FY21 guidance even as 1H profit fell 7.8%. In talks to sell $2.2BN Zhaopin stake. Ex CBA CEO Ian Narev to take over.
Read MoreASX200 down 1 point. Seek (-2.6%); upgraded FY21 guidance even as 1H profit fell 7.8%. In talks to sell $2.2BN Zhaopin stake. Ex CBA CEO Ian Narev to take over.
Read MoreASX200 up 2 points (0%) to 6795. Tyro Payments (+5.5%); 1H loss $3.4m vs last year loss $19.2m. This year has started with business at “normal levels”.
Read MoreASX200 up 4 points (0.1%) to 6889.…..and in case you were wondering, Jeff Bezos has reclaimed his title of world’s richest person, ending Elon Musk’s roughly six-week reign atop the list.
Read MoreASX200 down 22 points (0.3%) to 6896. Tabcorp (+0.2%); 1H profit -7% yoy and said it will take appropriate time to consider proposals for the wagering business.
Read MoreASX200 up 23 points (+0.3%) to 6892. National Aust Bank (+0.4%); Trading update — so much detail but in short, 1Q profit up 47% on low impairments but like for like is a little better than expectations.
Read MoreASX200 up 55 points (0.8%) to 6862. Be aware the following stocks go ex-dividend tomorrow; CBA 150c CPU 23c IAG 7c JHG 47.22c MFG 97.1c MIN 100c
Read MoreASX200 down 12 points (0.2%) to 6837. Mirvac (-0.8%); 1H profit was -22% yoy but the co provided guidance for the first time and it seems to be in line with market consensus.
Read MoreASX200 up 13 points (0.2%) to 6870. Newcrest (+5.5%); 1H profit more than doubled as the co announced a beefed-up dividend policy, projected annual gold output at the high end of its forecasts.
Read MoreASX200 up 17 points (0.2%) to 6838. Commonwealth Bank (-0.6%); in short, posted a 21% fall in 1H profit but lifted the dividend significantly to $1.50 vs 98c previously. Lots of research reports out there. ANZ -0.1% NAB -0.4% WBC -0.1%.
Read MoreASX200 down 7 points (0.1%) to 6873. Macquarie Group (+7.4%); expects its annual profit to fall slightly compared to last year, but sees improvement in the Dec Q.
Read MoreASX200 up 33 points (0.5%) to 6873. Afterpay (+1.8%); the number of first-time Afterpay app downloads in the US more than doubled in January compared with a year earlier.
Read MoreASX200 up 70 points (1%) to 6835. RBA Governor Philip Lowe is talking. News Corp (+12%); said 2Q was most profitable since company reorganisation 7 years ago.
Read MoreASX200 down 20 points (0.3%) to 6804. AGL (-6.8%); warned of a $2.686 billion hit to 1H statutory profit as it responds to a worsening outlook for wholesale energy prices.
Read MoreASX200 up 64 points (0.8%) to 6818. Afterpay (-0.1%); said it welcomes the Woolard Review, released in the UK, which discusses regulation to the Buy Now, Pay Later industry.
Read MoreASX200 up 54 points (0.8%) to 6717. Silver; ARD – Argent Minerals -13% BML- Boab Metals -8% EQE- Equus Mining -20% IVR – Investigator Resources -19% MTH – Mithril Resources -14% SVL – Silver Mines -19% TMZ – Thomson Resources -22%
Read MoreASX200 down 73 points (1.1%) to 6533. Worley (-13%); said it expected underlying earnings for 1H21 to fall by as much as 45%, citing the hit to global demand for its resources and energy services from accelerated Covid-19 infection rates.
Read MoreASX200 up 60 points (0.9%) to 6709. Oz Minerals (+3.8%); said it produced more copper and gold in the final Q of its fiscal year as it met annual output targets and bettered goals on costs.
Read MoreASX200 down 159 points (2.3%) to 6621. Lots of Quarterly results out today, especially in the mining sector.
Read MoreASX200 down 34 points (0.4%) to 6791. Oil Search (-1.9%); said its annual oil and natural gas production rose by 4% in 2020, led by a record output rate at the Exxon Mobil Corp.-operated PNG LNG facility in Papua New Guinea.
Read MoreASX200 down 10 points (0.2%) to 6812. Fortescue (-0.6%); said it expects to record a net profit of between $4.0bn and $4.1 bn for the 1H of its fiscal year, based on preliminary unaudited management accounts.
Read MoreASX200 up 51 points (0.8%) to 6823. Banks: the whole sector upgraded by a broker (MS) this morning. ANZ +1% CBA +0.7% NAB +2% WBC +1.5%
Read MoreASX200 up 40 points (0.6%) to 6782. Smartpay (+2.4%); said 3Q revenue was +75% yoy and +35% qoq. Afterpay +5.5%
Read MoreASX200 up 67 points (1%) to 6730. Fortescue (+0.7%); CEO Andrew “Twiggy” Forrest has revealed he contracted the ‘rona and spent several days in a Swiss hospital late last year. He is all good now.
Read MoreASX200 down 48 points (0.7%) to 6667. JB HiFi (+4.6%); said 1H earnings surged to record levels as consumers continued to spend more time at home amid the coronavirus pandemic. 1H profit +86%.
Read MoreASX200 down 15 points (0.2%) to 6663. Oil; the Black Gold / Texas Tea keeps rallying on OPEC production cuts. BPT +4.4% OSH +3% STO +2% WPL +3.25.
Read MoreASX200 down 13 points (0.2%) to 6746. Gold ; fell away on Friday night EVN -4.9% GOR -4% NST -4.1% NCM -3.9% RMS -3.8% SLR -4.6%.
Read MoreASX200 up 6 points (0.1%) to 6718. Brisbane will go into a 3 day lockdown from 6pm tonight. Afterpay (+4.5%); said 1,440,213 shares will be released from escrow on 18 January.
Read MoreASX200 up 85 points (1.3%) to 6692. Market tracking better on prospects for more US stimulus after the Democrats won control of the Senate. Oil Search (+5.5%); several broker upgrades this morning. Rising Oil price also helps.
Read MoreASX200 down 31 points (0.5%) to 6650. IAG (+1%); said that its gross reinsurance protection against catastrophic losses for 2021 has been maintained up to A$10bn.
Read MoreASX200 down 7 points (0.1%) to 6677. Qantas (-1.4%); International flights could be back on the cards from mid-2021 with Qantas opening bookings in July.
Read MoreASX200 up 48 points (0.7%) to 6634. Gold stocks up, travel stocks down. Link down 12% as SS&C Technology Holdings withdrew its indicative proposal.
Read MoreASX200 up 77 points (1.2%) to 6709. Telstra (+0.5%) / Uniti (TH); will divest Australia’s second-largest private fiber-to-the-premises broadband network to Uniti Group for $140m.
Read MoreASX200 up 18 points (0.3%) to 6660. IOOF (+0.9%)/ NAB (+0.6%); the ACCC will not oppose IOOF’s acquisition of MLC Wealth Management, owned by NAB.
Read MoreASX200 down 22 points (0.3%) to 6653. Westpac (-0.5%); AGM today. Treasury Wines (+2%); fell another 2% yesterday as China will again increase tariffs on Australian wine.
Read MoreASX200 down 30 points (0.5%) to 6693. UK PM Boris Johnson has been in Brussels trying to sort out Brexit. RIO declares maiden Ore Reserve at Jada Lithium site.
Read MoreASX200 up 35 points (0.5%) to 6722. Ansell (+4.2%); upgraded by several brokers today. Charter Hall (TH); is raising $250m @ $4.65 a share to help fund the purchase of 3 properties in eastern and northern Australia.
Read MoreASX200 up 2 points to 6677. Commonwealth Bank (+0.4%); has set up its European HQ in Amsterdam. Woodside (-0.8%); CEO Peter Coleman to retire in 2H21 after 10 years at the top.
Read MoreASX200 up 52 points (0.8%) to 6685. Afterpay (+1.5%); Reserve Bank governor Philip Lowe said the bank was “unlikely” to conclude that Afterpay and other BNPL firms would have to remove their no-surcharge rules, in a big win for the industry.
Read MoreASX200 up 15 points (0.2%) to 6630. Premier Investments (-0.7%); AGM today. Said online sales for the first 18 weeks of FY21 increased by 70% over the same period of last year.
Read MoreASX200 up 31 points (0.5%) to 6621. Qantas (-0.8%); Trading update. Lots of headlines; O/s flights to remain grounded until at least July. Comments still coming out…
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