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Reece Ltd (REH) Earnings: FY Net Income of A$419.2 Million Meets Estimates

By | Earnings Alerts
  • Reece’s full-year net income for fiscal year 2024 is A$419.2 million.
  • The net income meets analysts’ estimates of A$415.7 million.
  • The final dividend per share is set at A$0.1775.
  • Analyst recommendations include 0 buys, 4 holds, and 9 sells.

A look at Reece Ltd Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Reece Ltd has a mixed outlook based on the Smartkarma Smart Scores, with ratings varying across different factors. The company scores higher on Growth and Momentum, indicating favorable prospects in terms of expansion and market performance. This suggests potential for long-term development and positive market sentiment. However, Reece Ltd receives average scores for Value, Dividend, and Resilience, which may pose challenges in terms of financial valuation, dividend payouts, and resilience to economic fluctuations.

Reece Limited, a plumbing, building, and hardware merchant in Australia, operates national stores offering a range of household products. Catering to various customer segments including plumbers, consumers, architects, builders, and interior designers, Reece Ltd plays a crucial role in the domestic market. With solid Growth and Momentum scores, the company may see enhanced growth opportunities and market traction in the future. However, the average ratings for Value, Dividend, and Resilience suggest a need for careful consideration of these aspects for a well-rounded assessment of Reece Ltd‘s long-term prospects.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Bluescope Steel (BSL) Earnings: FY Underlying Profit Misses Estimates at A$860.7 Million

By | Earnings Alerts
  • Bluescope’s underlying profit for the fiscal year: A$860.7 million
  • Analysts’ estimate for underlying profit: A$909.5 million
  • Underlying EBIT (Earnings Before Interest and Taxes): A$1.34 billion
  • Analysts’ estimate for underlying EBIT: A$1.38 billion
  • Total revenue for the fiscal year: A$17.01 billion
  • Analysts’ ratings on Bluescope stock:
    • 7 buys
    • 3 holds
    • 3 sells

A look at Bluescope Steel Smart Scores

FactorScoreMagnitude
Value4
Dividend2
Growth3
Resilience3
Momentum3
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

BlueScope Steel, a company supplying steel products globally, is positioned well for long-term success based on their Smartkarma Smart Scores analysis. With a strong Value score of 4, BlueScope Steel appears to offer attractive investment opportunities. The company’s Growth score of 3 indicates a promising outlook for expansion and development. Additionally, with Resilience and Momentum scores of 3 each, BlueScope Steel demonstrates the ability to weather market fluctuations and maintain a steady pace in the industry.

Although BlueScope Steel’s Dividend score of 2 suggests room for improvement in terms of dividend payouts, the overall positive Smart Scores paint a favorable picture for the company’s future prospects. BlueScope Steel’s diverse product range, including steel slabs, plates, coils, and strip products for various applications, positions it as a key player in the steel manufacturing sector across Asia, Australia, New Zealand, and the United States.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Westpac Banking (WBC) Earnings: Q3 Net Profit Jumps to A$1.8 Billion Amid Positive Operating Momentum

By | Earnings Alerts
  • Westpac’s unaudited statutory net profit for the third quarter of 2024 was A$1.8 billion.
  • The bank’s Common Equity Tier 1 ratio stood at 12%.
  • Net interest margin was reported at 1.92%, with the core net interest margin at 1.82%.
  • Impairment charges to average loans decreased to 4 basis points from 9 basis points, indicating an improvement in economic conditions.
  • Expenses rose by 2%, driven by higher investment spending anticipated for the second half of 2024, and ongoing inflation in technology services.
  • Unaudited net profit increased by 6% compared to the first half of 2024 quarterly average.
  • Positive operating momentum included customer deposit growth of A$15.4 billion and loan growth of A$14.7 billion.
  • Challenges remain for some customers due to the cost of living and high interest rates; businesses also face cost pressures and lower demand.
  • The core net interest margin improved by 2 basis points due to better earnings on capital and hedged deposits.
  • As of 30 June 2024, credit impairment provisions were A$5.1 billion, A$1.6 billion above the expected losses in the base case economic scenario.
  • Westpac has completed 60% of its previously announced A$2.5 billion on-market share buyback.
  • Analyst ratings: 3 buys, 6 holds, 7 sells.

A look at Westpac Banking Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Westpac Banking Corporation, a global player in the banking industry, is positioned for a favorable long-term outlook based on its Smartkarma Smart Scores. With above-average ratings in Dividend, Growth, and Momentum, Westpac shows promise in its ability to deliver steady returns to investors and maintain its growth trajectory.

While the company scores lower in Resilience, its solid performances in other key factors such as Value and Dividend indicate a strong foundation for sustained success. Investors may find Westpac Banking an attractive option for long-term investment, given its resilient operations and promising growth prospects in the banking sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Suncorp (SUN) Earnings: FY Net Income Growth of 12%, But Misses Estimates

By | Earnings Alerts
  • Suncorp‘s net income for the fiscal year is A$1.20 billion, marking a 12% increase year-over-year.
  • This figure falls short of the estimated A$1.27 billion.
  • The final dividend per share is A$0.44.
  • The underlying insurance trading ratio is 11.1%, up from 10.6% year-over-year.
  • Net proceeds from the sale of the Bank are approximately A$4.1 billion.
  • Most of these proceeds are expected to be returned to shareholders around the first quarter of 2025.
  • Analyst recommendations include 6 buys, 4 holds, and 1 sell.

A look at Suncorp Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience2
Momentum5
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Suncorp has a promising long-term outlook. With a strong momentum score of 5, the company is showing impressive performance and positive market sentiment. This suggests that Suncorp is currently experiencing significant growth and is likely to continue on this trajectory in the future. Additionally, a growth score of 4 indicates that the company is positioned well for expansion and development in the coming years. While the resilience score is lower at 2, indicating some vulnerability to market fluctuations, the overall outlook remains positive for Suncorp.

Suncorp Group Ltd. offers a wide range of financial services, including retail and business banking, life and general insurance, superannuation, and funds management. Their diverse portfolio includes personal banking and loans, insurance products, credit cards, savings accounts, and various financing options for both individuals and businesses. With solid scores in growth and momentum, Suncorp appears to be on a path towards continued success and expansion in the financial services sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Impressive Ampol (ALD) Earnings: 1H NPAT at A$233.7M, Interim Dividend A$0.60

By | Earnings Alerts
  • Ampol reported a net profit after tax (NPAT) on a replacement cost basis of A$233.7 million for the first half (1H) of 2024.
  • An interim dividend of A$0.60 per share was announced.
  • The statutory profit for the same period was A$235.2 million.
  • Market analysts show a consensus with 4 buy ratings, 7 hold ratings, and 0 sell ratings for Ampol.

A look at Ampol Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth4
Resilience2
Momentum3
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Ampol‘s long-term outlook appears to be promising. The company excels in areas such as providing strong dividends (score of 5) and demonstrating solid growth potential (score of 4). This indicates that Ampol is committed to rewarding its shareholders and is poised for expansion in the future. However, the company’s value score is moderate at 3, suggesting that it may not be undervalued compared to its peers. In terms of resilience, Ampol scores a 2, indicating some vulnerability to economic downturns or industry challenges. Additionally, the momentum score of 3 implies that the company’s stock performance may be steady but not particularly strong.

Ampol Limited, a provider of petroleum products, operates a diverse business encompassing petrol stations, refining operations, fuel marketing, and lubricant services in Australia. The company caters to a wide range of industries including defence, mining, transportation, agriculture, aviation, and other commercial sectors. With a focus on delivering consistent dividends, solid growth prospects, and a strong market presence, Ampol is positioned as a reputable player in the petroleum industry. While facing some challenges in terms of overall value and resilience, the company’s strengths lie in its dividend policy and growth potential, indicating a stable outlook for long-term investors.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Top 10 Highlights from the APAC PE, VC and Startup Ecosystem this Week – 18 Aug 2024

By | Private Markets, Smartkarma Newswire

Top ten highlights from the APAC PE, VC, and startup ecosystem this week:

  1. Startup fundraising in Southeast Asia dipped in July to $504 million, down 17% from June, lacking large-ticket deals.
  2. Greater China saw a surge in investor transactions, closing 184 deals worth almost $2.9 billion, a 17.2% increase compared to June.
  3. EQT is raising $12.5 billion for its new Asia-focused fund and acquiring PropertyGuru in a $1.1 billion take-private deal.
  4. Carlyle seeks an extension for its Asia fund, targeting $6 billion after raising $3 billion so far.
  5. Redbird Innovation Fund aims to back three general partners in its $64 million initiative.
  6. JIA Asset Management eyeing expansion after investing in Vynn Capital Mobility and Supply Chain Fund.
  7. Janus Henderson acquires private credit manager Victory Park Capital to expand its private credit lending footprint.
  8. Antler closes its second Southeast Asia fund at $72 million to support 10 local startups.
  9. XL Axiata and Smartfren Telecom progress in their $3.45 billion merger talks by appointing underwriters.
  10. Syfe raises $27 million from new and existing venture capital investors for its robo advisor platform.

APAC Private Markets Research

Explore latest Insights on APAC Private Markets on Smartkarma


Disclaimer:This article by is general in nature and based on publicly available information and not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material. While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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