Derivatives Issuer Licence in New Zealand, FSP No. N. newsreporter last edited by . Amid this uncertain climate, the ASX 200 benchmark hit a low of 6,658 points last Friday, February 2, as investors fled risk assets. Stocks have bounced back to. ABN 93 096 585 410, Australian Financial Services Licence No. Find out what charges your trades could incur with our transparent fee structure. Revealing a distribution of security of 11.3 cents, up 6.6% on the prior corresponding period. While the Aussie has trended lower following that peak, it remains up an impressive ~18% over the last year. We use a range of cookies to give you the best possible browsing experience. UBS expects that negative profit performance to reverse in FY22. Australian CFD accounts (opened pursuant to IG’s Margin Trading Australian Customer Agreement) that are opened prior to 15 November 2020 are also provided by IG Markets Limited. Commenting on these results, NEXTDC's CEO and MD, Craig Scroggie said: 'We are pleased to deliver another record result in 1H21, against a more difficult economic backdrop due to the COVID-19 global pandemic.'. MyFiziq (ASX: MYQ) MYQ is racking up deals as it thunders towards a NASDAQ listing. The two largest sectors on ASX are financials and materials. Though data centre company NEXTDC reported strong revenue and earnings (EBITDA) figures, it nonetheless reported negative NPAT and EPS figures. The value of shares and ETFs bought through an IG share trading account can fall as well as rise, which could mean getting back less than you originally put in. Two Drone stocks to watch out in 2021 -- ASX:SOR, ASX:OEC. 18923). As stocks were roiled, the Australian dollar outperformed, with the AUD/USD hitting a 52-week high of 0.80069 on Thursday, February 25. IG does not issue advice, recommendations or opinion in relation to acquiring, holding or disposing of our products. You do not own or have any interest in the underlying asset. And unsurprisingly this is where our two stocks operate. This is repositioning the Group to deliver more consistent, above-sector average total returns.’. The investment bank, which has a Buy rating and 12-month price target of $6.20 on the stock, said: ‘Looking forward, we feel those issues have been de-risked and we are now focused on the period from October when most Australians should have access to the vaccine. Gearing also improved, dropping from 25.4% to 24.2%. Your capital is at risk. Find out what charges your trades could incur with our transparent fee structure. January 04, 2021 02:16 PM AEDT Team Kalkine; Summary. ASX STOCKS TO WATCH. Rask's top analyst has just identified his #1 'MedTech' stock idea for 2021 and beyond. 220440. Please consider the Margin Trading Product Disclosure Statement (PDS) before entering into any CFD transaction with us. .na-article .article__content ol li:before{top:0} html:lang(en-GB) .news-tag{ display: block; Discover why so many clients choose us, and what makes us a world-leading provider of CFDs. Alderan Resources Limited (ASX:AL8) Developing a portfolio of advanced copper-gold targets in … Our expert investment reports are 100% free. Expensive stocks looking “cheap”. There were some bright spots: The company reiterated its robust liquidity position, noted that it generated $1.05 billion in underlying operating cash flow in the half, and flagged the potential for international travel to resume in October of 2021. Afterpay share price surges as ASX 20 inclusion approaches, Best 3 ASX stocks to watch in December 2020, Top 10 ASX growth stocks to watch in 2021, Why the A2 Milk share price crashed 25% on Friday, Beyond the ASX 200: Top 5 US stocks for investors to watch in 2020. Consequently any person acting on it does so entirely at their own risk. Australian stocks have continued to move higher, with the ASX 200 benchmark eyeing the 7,000 point handle. Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. No representation or warranty is given as to the accuracy or completeness of this information. AI and cybersecurity are tipped for big things in 2021; here are the ASX stocks to watch. Simply click here or the button below. More broadly, this heighted volatility comes as Australia’s February earnings season – mostly made up of interim results – draws to a close. You can view our cookie policy and edit your settings here, or by following the link at the bottom of any page on our site. Nobody expected the December iron ore price to come wrapped in a Christmas bow and a stocking jammed full of royalties and dividends. Please ensure you fully understand the risks involved. Mind you, while distributions were higher, profits were significantly lower, with SGP reporting H1 FY21 statutory profits of $350 million, down from $504 million in the prior corresponding period. Director, Equities Research Hina Chowdhary. No representation or warranty is given as to the accuracy or completeness of this information. Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. As stocks were roiled, the Australian dollar outperformed, with the AUD/USD hitting a 52-week high of 0.80069 on Thursday, February 25. This information has been prepared by IG, a trading name of IG Markets Limited. February 07, 2021 12:44 AM AEDT Hina Chowdhary. Elsewhere, the company reported robust operating cash flow of $64.1 million, up 219% year-on-year. Here’s one thing we can say. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Prices above are subject to our website terms and agreements. The first is probably not a shocker. Amid this uncertain climate, the ASX 200 benchmark hit a low of 6,658 points last Friday, February 2, as investors fled risk assets. The optimism that capped off 2020 made its way to markets in 2021. You do not own or have any interest in the underlying asset. Afterpay share price surges as ASX 20 inclusion approaches, Best 3 ASX stocks to watch in December 2020, Top 10 ASX penny stocks for traders to watch in 2021, Top 10 ASX growth stocks to watch in 2021, Why the A2 Milk share price crashed 25% on Friday. Resolute Mining (ASX:RSG) Market cap: AU$1.4 billion; share price: AU$1.34; year-to-date move: … For FY 2019 the company posted revenue of … Here the airline posted losses across the board: Underlying losses before tax came in at $1.03 billion while statutory losses before tax snowballed to $1.47 billion. IG is not a financial advisor and all services are provided on an execution only basis. US stocks were again hammered as bond yields resurged overnight. This came as Qantas reported a decline in revenue of over 70%, revealing total first half revenues of $1,003 million. ASX Tech IPOs for Investors to Watch in 2021 Priscila Barrera - February 9th, 2021 Interest in digital platforms spiked in 2020 on the back of the … While the Aussie has trended lower following that peak, it remains up an impressive ~18% over the last year. Commenting on these results, Stockland's MD and CEO, Mark Steinert said: 'We continue to successfully deliver on our strategic priorities divesting non-core assets, increasing our capital allocation to Workplace and Logistics, and restocking our Residential landbank. With that in mind, below we briefly look at the results from Qantas, Stockland and NEXTDC – as well as what UBS analysts have said of those results. ASX 200 stocks to watch for FY2021 Value vs. Growth. Past performance is no guarantee of future results. ASX Resource Stocks: Party Time! Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication. The investment bank, which has a Buy rating and 12-month price target of $6.20 on the stock, said: ‘Looking forward, we feel those issues have been de-risked and we are now focused on the period from October when most Australians should have access to the vaccine. With that in mind, below we briefly look at the results from Qantas, Stockland and NEXTDC – as well as what UBS analysts have said of those results. At the time … Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. It hit over US$140 last week. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. In March, the very first hole at the Julimar project, right near Perth in WA, hit 19m at 8.4g/t palladium, 2.6 per cent nickel and 1 per cent copper. In response to these results, UBS reiterated their Buy rating on the stock, while raising their price target from $15.25 to $15.40. This is repositioning the Group to deliver more consistent, above-sector average total returns.’. 20/10/2020. Top 3 ASX Stocks to Watch in March 2021 Top 3 ASX Stocks to Watch in March 2021. ABN: 84 099 019 851, Australian Financial Services Licence No. Given the conservative FY21 guidance and improved balance sheet strength, we don't anticipate any material rebasing.’. By continuing to use this website, you agree to our use of cookies. We examine the interim results of three ASX-listed companies that UBS currently has Buy ratings on. UBS has a $4.50 price target on Stockland. In response to these results, UBS reiterated their Buy rating on the stock, while raising their price target from $15.25 to $15.40. Australia houses some of the largest gold mines on earth. IG | Sitemap | Terms and agreements | Privacy | Cookies | About IG. Looking at the company’s interim results in more depth, on the top-line NEXTDc reported total revenues of $124.5 million – made up of data centre services revenues of $121.6 million. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now. The first small cap ASX share to watch is Doctor Care Anywhere. Please ensure you fully understand the risks and take care to manage your exposure. Mind you, while distributions were higher, profits were significantly lower, with SGP reporting H1 FY21 statutory profits of $350 million, down from $504 million in the prior corresponding period. This topic has been deleted. Looking forward, NEXTDC provided upgraded full-year guidance as part of its interim results, saying it expected full-year data centre services revenue of between $246-251 million, underlying earnings (EBITDA) of between $130-133 million and CAPEX of between $380-400 million. We'll email you the report. Three ASX listed large-cap gold stocks to watch in 2021. It’s been a volatile week for global stocks, as concerns over rising interest rates seep into equity markets. Pursuit Minerals (ASX:PUR) is a long way removed from the oil scene, but is another ASX stock to watch. Australian CFD accounts opened from 15 November 2020 are provided by IG Australia Pty Ltd (Level 15, 55 Collins Street, Melbourne VIC 3000. Revealing a distribution of security of 11.3 cents, up 6.6% on the prior corresponding period. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now. Energy Resources Australia is the largest uranium miner on the ASX with a market cap of $591 million dollars. CFDs are leveraged products. Here the airline posted losses across the board: Underlying losses before tax came in at $1.03 billion while statutory losses before tax snowballed to $1.47 billion. CLICK HERE to get the ASX stock ticker code, 3,500-word analysis and ASX founder interview! Please consider the Margin Trading Product Disclosure Statement (. Importantly, as UBS mused, while these half yearly results met expectations, they are, ultimately ‘largely irrelevant to the story.’. The value of shares and ETFs bought through an IG share trading account can fall as well as rise, which could mean getting back less than you originally put in. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Stocks have bounced back to. This resulted in underlying earnings (EBITDA) of $14.9 million, implying a year-on-year growth rate of 29%. Commenting on these results, Stockland's MD and CEO, Mark Steinert said: 'We continue to successfully deliver on our strategic priorities divesting non-core assets, increasing our capital allocation to Workplace and Logistics, and restocking our Residential landbank. 3 HOT ASX Growth Stocks to watch in February 2021 featuring Brainchip Holdings (ASX: BRN), ZipCo (ASX: Z1P) and Lynas Rare Earths (ASX: LYC). Commenting on these results, NEXTDC's CEO and MD, Craig Scroggie said: 'We are pleased to deliver another record result in 1H21, against a more difficult economic backdrop due to the COVID-19 global pandemic.'. With interests spanning shopping centres housing estates and retirement villages, like Qantas, Stockland was always going to see its operational performance as a result of the covid pandemic suffer. Unless we see irrational behaviour from competitors, we feel this should be the start of a return to significant cash flow growth, de-gearing and eventually capital distributions.’. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. Iress Ltd (ASX: IRE) Iress is arguably Australia’s leading financial services software company, … It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. More broadly, this heighted volatility comes as Australia’s February earnings season – mostly made up of interim results – draws to a close. The Dow Jones slipped 1.11%, the S&P500 was down 1.34%, while the tech heavy NASDAQ sank 2.11%. Given the conservative FY21 guidance and improved balance sheet strength, we don't anticipate any material rebasing.’. This website is owned and operated by IG Bank S.A. This came as Qantas reported a decline in revenue of over 70%, revealing total first half revenues of $1,003 million. Prices are indicative only. Share Trading accounts and New Zealand CFD accounts (opened pursuant to IG’s Margin Trading New Zealand Customer Agreement), are provided by IG Markets Limited (Level 15, 55 Collins Street, Melbourne VIC 3000. Prices above are subject to our website terms and agreements. What is CFD trading and how does it work? CFDs are a leveraged product and can result in losses that exceed deposits. The information on this site is not directed at residents of the United States or any particular country outside Australia or New Zealand and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Stocks and property markets rise, investors look optimistic. Citing good top-line and EBITDA growth as key positives, the investment bank said that ‘Demand in Sydney and Melbourne remains strong, with Perth to potentially follow in the not distant future.’. Elsewhere, the company reported robust operating cash flow of $64.1 million, up 219% year-on-year. It is a growing UK-based telehealth company aiming to deliver high-quality, effective, and efficient care to its patients, whilst reducing the overall cost of providing clinical services. With all that in mind, it's not easy picking quality stocks. — Resources to Watch in 2021. The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Importantly, as UBS mused, while these half yearly results met expectations, they are, ultimately ‘largely irrelevant to the story.’. Further out, the investment bank said: ‘We expect increasing returns on passive capital employed (through partnering) to be a key focus for the new incoming CEO Tarun Gupta who begins on 1 June. Gearing also improved, dropping from 25.4% to 24.2%. UBS retained their Buy rating on Stockland, but said the company's second half guidance was 'behind' consensus. See full non-independent research disclaimer. There were some bright spots: The company reiterated its robust liquidity position, noted that it generated $1.05 billion in underlying operating cash flow in the half, and flagged the potential for international travel to resume in October of 2021. Tech. CFDs are a leveraged product and can result in losses that exceed deposits.
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