Market Calendar 26th Feb 2024 – 1st March 2024
Anticipating next week’s AU company earnings updates & economic figures. Stay informed on the latest financial updates and trends.
February 2024
Earning Update: Mineral Resources Ltd (MIN)
Mineral Resources reports a robust earnings update with significant revenue growth, strategic leadership changes, and a shareholder-friendly interim dividend, reflecting strong operational performance and future optimism.
Earning Update: Pilbara Minerals Ltd (PLS)
Pilbara Minerals faces a challenging half-year with a sharp revenue drop, countered by strategic expansions and efficiencies aimed at leveraging future lithium market recoveries.
Alpha Recommendation: Trade Cancelled – Super Retail Group (SUL)
Super Retail Group Limited (SUL) is the owner of four brands: Supercheap Auto, rebel, BCF and Macpac. These brands have positions in growing high-involvement lifestyle categories of auto, sports and outdoor leisure. SUL provides customers and nine million active loyalty club members with the option to experience brands whenever and however they choose – whether that’s through the network of 716 stores or via digital capabilities
Earning Update: Ebos Group Ltd (EBO)
The company made significant investments for growth, including increasing its shareholding in Transmedic and acquiring Superior Pet Food Co. Ebos’s strategy includes further expansion in Southeast Asia and enhancing its product portfolio through acquisitions and new product development.
Earning Update: Corporate Travel Management (CTD)
A softer than expected 1H revenue and EBITDA result was observed due to two main factors: negative travel sentiment from the conflict in the Middle East and corporate customer budgets being fully utilized by September 2023 due to high ticket prices, particularly in the northern hemisphere. However, an encouraging rebound in January activity implies these issues have dissipated.
Alpha Recommendation: Buy – Super Retail Group (SUL)
Super Retail Group Limited (SUL) is the owner of four brands: Supercheap Auto, rebel, BCF and Macpac. These brands have positions in growing high-involvement lifestyle categories of auto, sports and outdoor leisure. SUL provides customers and nine million active loyalty club members with the option to experience brands whenever and however they choose – whether that’s through the network of 716 stores or via digital capabilities
Market Calendar 19th Feb 2024 – 23rd Feb 2024
Anticipating next week’s AU company earnings updates & economic figures. Stay informed on the latest financial updates and trends.
Balanced Portfolio Recommendation: Buy – Graincorp (GNC)
Based on the updated earnings guidance from GrainCorp and considering the recent weather improvements that positively impact soil moisture and crop prospects, coupled with GrainCorp’s strategic adaptations for future market conditions, it’s recommended to consider buying GrainCorp shares around the $7.5 price point.
Balanced Portfolio Recommendation: Sell Take Profit – Judo Bank (JDO)
Our strategy aims to prudently manage risk by locking in profits from our Judo Bank position. Taking profits at this juncture allows us to reduce exposure to potential market corrections and sector-specific risks highlighted by the CBA earnings report and the rising trend in home loan arrears.
Balanced Portfolio Recommendation: Trim Sell Silver (ETPMAG)
Trim Sell Silver (ETPMAG) US Inflation numbers overnight were higher than expected. Silver does not do well in a higher interest rate environment, so time to trim the ETPMAG position
Alpha Recommendation: Buy – PeopleIn (PPE)
PeopleIN Limited (PPE) were the provision of staffing, business services and operational services. Services provided by the Group include workforce management, recruiting, onboarding, contracting, rostering, timesheet management, payroll, and workplace health and safety management.