Trading Tidbits: TAH, PWR, SEK, SGP
A further flurry of earnings reports released Tuesday, including from wagering group Tabcorp Holdings, car dealer Peter Warren, online jobs market Seek and property giant Stockland.
Read MoreTag: SGP
Market Morsels: CGF, SGP
Forecast updates from both Challenger and Stockland during Thursday’s ASX trading session, with both reinstating previous guidance and offering positive profiles moving forward.
Read MoreSGP – Credit Suisse rates the stock as Outperform
Rating is upgraded to Outperform from Neutral and the target reduced to $4.56 from $4.66..
Read MoreBourse Discourse: SCG, SGP, WTC
Wednesday was a typically busy day on the ASX, and here’s the latest news from property heavyweights Scentre Group and Stockland, along with logistics software company WiseTech.
Read MoreSGP – UBS rates the stock as Buy
FY21 results were in line with UBS estimates. The broker believes the potential for a multiple re-rating from the well-articulated strategy is not in captured in the share price. Buy rating and $ 5 target unchanged.
Read MoreStockland, Dexus Ready to Build on Solid First Half
More signs of recovery in the property sector from sector leaders Stockland and Dexus, with both companies confirming previous guidance on earnings and dividend payouts.
Read MoreStockland Reaffirms Payout Guidance
Property developer and mall owner Stockland will meet guidance for the June half with a payout of 13.2 cents a security.
Read MoreSGP – UBS rates the stock as Downgrade to Neutral
UBS assesses Stockland has benefited significantly from government policy aimed at strengthening the new residential sector as well is a structural shift from urban centres caused by the pandemic. The broker downgrades to Neutral from Buy. Target is steady at $4.50.
Read MoreStockland Plays the Long Game as Earnings Stall
Stockland faces a cut in second half earnings even though it has seen a rise in housing settlements that has helped underpin earnings and turn around their retail town centres.
Read MoreDividend Yields Expected to Increase in 2021
2020 will always be remembered as the year of COVID-19 and lockdowns: a rollercoaster ride for anyone monitoring their investments, a nightmare scenario for anyone relying on dividend income.
Read MoreSGP – UBS rates the stock as Neutral
CEO Mark Steinert will retire and a flexible transition period has been agreed in order to smooth the handover in the context of the recovery from the pandemic.
Read MoreStockland Lowers Payout, CEO To Retire
Property developer and shopping mall owner, Stockland was another well-known company to downgrade distribution (or dividend) and earnings for the year to June on Monday.
Read MoreMore Companies Shutdown Guidance In Wake Of New Restrictions
More and more companies are battening down the hatches as the coronavirus banks and crackdowns escalate. Property developer Stockland, gambling and gaming giant Tabcorp, and health insurance firm NIB are among the latest to mothball earnings guidance while Ardent Leisure and Village Roadshow have shut their Gold Coast theme parks.
Read MoreStockland Shares Star On “Solid Start” To FY20
Stockland shares ended the day 6% higher at $44.90 to be the best-performed stock in the ASX 200 after a solid first-quarter trading update yesterday.
Read MoreShopping Centre Pain Sinks Stockland
Diversified developer Stockland has been hit with a dose of reality from the weak retail sector, sagging housing market and soft apartment values.
Read MoreOffice Remains The Key Pick In A-REITs
The outlook for the A-REIT sector is relatively benign, as brokers note portfolio fundamentals are healthy and gearing is generally low.
Read MoreStockland set to spend $350 million buying back shares
Is yesterday’s buyback announcement from Stockland one of the more significant announcements from a key company in the Australian property sector- especially residential, retail and other commercial areas?
Read MoreStockland On Track To Meet ‘Tightened’ Guidance
Property and retailing group Stockland, says its earnings guidance for the 2017-18 financial year will be for “approximately 6.5% growth” in Funds From Operations (FFO) per security.
Read MoreResidential Property Sees Stockland Profit Jump 34%
Property developer and shopping centre owner, Stockland said its annual net profit rose by 34%, although its growth in funds from operations would likely ease this year partly due to higher energy costs.
Read MoreResidential Sales Lift Stockland
Property developer Stockland Group (SGP) expects to settle more than 6,000 residential lots in the year ahead as low interest rates help offset the economic impact of the mining downturn.
Read MoreStockland Reaffirms Guidance
Property group Stockland (SGP) has reaffirmed its full-year earnings guidance after reporting strong growth in the March quarter. The company says total sales rose 2.3% in the three months ended March 31, boosted by specialty stores sales growth of 3.5% in its retailing division.
Read MoreStockland Reaffirms Outlook
Despite some early signs the home building and buying booms in Sydney and Melbourne are slowing, Stockland (SGP) says it remains on track to deliver its target of around 6000 sales of residential lots this financial year.
Read MoreStockland Meets Guidance
The annual results of Stockland (SGP), the property developer, seem to have come in without some of the losses and lower profits reported by other companies reporting yesterday in Newcrest (NCM), Ansell (ANN) and Aurizon (AZJ).
Read MoreStockland Clouds Report With $355 Million Writedown
You have to be a bit cynical about the result property group Stockland (SGP) released to the market yesterday, showing a 78% drop in full year profit.
Read MoreStockland’s Mild Makeover – To Maintain Distribution For Next Year
Shares in property group, Stockland hardly edged higher yesterday after the well-telegraphed strategic review produced another small writedown and a slight shift in emphasis away from residential and towards retail and industrial property.
Read MoreDeals: Stockland To Double Buyback
Property developer Stockland Group yesterday took another move to expand its share buyback by selling another asset to finance the expansion.
Read MoreDeals: Stockland Continues Its Reweighting
Property developer Stockland is continuing with its reweighting of its assets, selling some non-housing investments and moving deeper into residential and retail.
Read MoreUpdates: Stockland Shows Its New $7 Billion Approach
Two statements from Stockland Holdings yesterday failed to have a dramatic impact on the share price, but they did show the way the company is changing its orientation.
Read MoreUpdates 2: Stockland Update Fails To Impress
The market took a look at what was on the whole a positive update from property developer and investor, Stockland yesterday and went ‘hmmmmm, don’t know’ and marked the securities down by more than 2% by the close.
Read MoreResults: Stockland Upgraded
Securities in Stockland added more than 3% yesterday, hitting their highest level since last October, after the property developer said it almost doubled first-half profit and upgraded its full-year earnings outlook to growth of 8.5% from 7% previously.
Read MoreProfits: Stockland Up
Stockland, Australia’s biggest residential property trust, might have stormed back to full-year profit because of increased sales in its residential communities business, and no asset impairment losses, but its taking a very circumspect view of the next year.
Read MoreStockland Sees No Change In Earnings Guidance
Home lending may be slowing, but Stockland says it’s on track to sell a record number of homes in the June 30, 2010 financial year, and it remains confident of meeting earnings guidance.
Read MoreStockland Cuts Payout
Stockland sent a shiver through the property sector yesterday with another sharp downgrade involving more than $400 million in new asset impairment charges and lower profits.
Read MoreSGP Says Its OK
Australia's biggest housing developer, Stockland may have escaped the full impact of the credit crunch and property jitters late last year, but that wasn't enough for some analysts and investors who seem to have been overly optimistic about how the company would go in the December half.
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