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PetroChina’s Stock Price Soars to 6.90 HKD, Witnessing a Positive 0.29% Shift

By | Market Movers

Petrochina (857)

6.90 HKD +0.02 (+0.29%) Volume: 89.92M

Petrochina’s stock price is currently standing at 6.90 HKD, marking a positive change of +0.29% in the last trading session, with a trading volume of 89.92M. The stock has shown a significant uptrend YTD with a percentage change of +33.72%, highlighting its robust performance in the market.


Latest developments on Petrochina

PetroChina‘s stock price is on the move today as the company continues to expand its Surat Gas Project in partnership with Shell. This project expansion is a key development for PetroChina, as it signals the company’s commitment to growing its presence in the natural gas sector. Investors are closely monitoring these developments, as they could have a significant impact on PetroChina‘s future earnings and stock performance. With the Surat Gas Project expansion underway, PetroChina is positioning itself for potential growth and success in the energy market.


A look at Petrochina Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth5
Resilience4
Momentum5
OVERALL SMART SCORE4.4

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 Smartkarma Smart Scores, PetroChina has a positive long-term outlook. With high scores in Growth and Momentum, the company is positioned for future expansion and market performance. Additionally, its strong scores in Value, Dividend, and Resilience indicate a stable financial standing and potential for consistent returns for investors.

PetroChina Company Limited, a leading player in the oil and gas industry, is well-positioned for growth and profitability according to Smartkarma Smart Scores. With a focus on exploration, production, and distribution of energy resources, PetroChina‘s strong scores across various factors suggest a promising future ahead in terms of market performance and financial stability.


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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Li Ning’s Stock Price Soars to 14.08 HKD, Enjoying a Robust Increase of 7.48%

By | Market Movers

Li Ning (2331)

14.08 HKD +0.98 (+7.48%) Volume: 73.55M

Li Ning’s stock price experienced a significant boost, closing at 14.08 HKD, a robust increase of 7.48% this trading session, amidst a trading volume of 73.55M. However, the stock has still recorded a year-to-date fall of 31.91%, reflecting the challenges faced in the market.


Latest developments on Li Ning

Li Ning, the Chinese sportswear giant, faced challenges as first-half profit slipped by 8% due to a consumption slowdown. The company lowered its full-year outlook following a dip in profit in the first half. Analysts at Nomura, JPM, and BofAS all reduced their price targets for Li Ning stock, citing concerns about slowing sales and uncertainty about the second half of the year. CLSA also downgraded Li Ning to a Hold rating and cut its price target to $13. Despite these setbacks, the 11th Li-Ning Dorjee Khandu Memorial State Badminton Championship kicked off today, showcasing the company’s continued presence in the sports arena.


Li Ning on Smartkarma

On Smartkarma, independent analysts like Steve Zhou, CFA, Arun George, and David Blennerhassett have been covering Li Ning (2331 HK) and providing their insights on the company. Steve Zhou, CFA, in his report “Li Ning (2331 HK): Update On The Name Given Potential Privatization News,” discusses the founder and biggest shareholder, Mr. Li Ning, mulling privatizing the public company. On the other hand, Arun George, in his report “Li Ning (2331 HK): Evaluating a Potential Privatisation,” mentions the low probability of an offer due to funding challenges but highlights the undemanding valuation of Li Ning. Lastly, David Blennerhassett, in his report “Li Ning (2331 HK): Value Trap Play?,” shares insights on the recent interest in Hong Kong privatisations, including Li Ning, with shares up 7.8% as of the report.


A look at Li Ning Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth3
Resilience4
Momentum2
OVERALL SMART SCORE3.6

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

Li Ning Company Limited, a sports footwear and apparel company, is showing a promising long-term outlook based on the Smartkarma Smart Scores. With high scores in Dividend and Resilience, the company is positioned well to weather market fluctuations and provide consistent returns to investors. Additionally, a strong Value score indicates that Li Ning‘s stock may be currently undervalued, presenting a potential opportunity for growth in the future. However, lower scores in Growth and Momentum suggest that the company may face challenges in expanding its market presence and maintaining positive stock performance.

Overall, Li Ning‘s Smartkarma Smart Scores paint a picture of a company with solid fundamentals and a stable financial position. Investors looking for a reliable dividend-paying stock with strong resilience may find Li Ning an attractive option. However, those seeking high growth potential and strong market momentum may need to carefully consider the company’s long-term prospects before making investment decisions.


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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Industrial and Commercial Bank of China’s Stock Price Soars to 4.70 HKD, Marking a 1.73% Increase: A Promising Investment Opportunity

By | Market Movers

Industrial and Commercial Bank of China (1398)

4.70 HKD +0.08 (+1.73%) Volume: 332.64M

Industrial and Commercial Bank of China’s stock price soars at 4.70 HKD, marking a robust +1.73% increase this trading session with a healthy trading volume of 332.64M, and a remarkable year-to-date percentage change of +23.04%, reflecting its strong financial performance and investor confidence.


Latest developments on Industrial and Commercial Bank of China

ICBC (H) stock price experienced a significant surge today following the announcement of their latest quarterly earnings report, which exceeded market expectations. This positive news was bolstered by the company’s successful launch of a new digital banking platform, attracting a wave of new investors. Additionally, ICBC (H) revealed plans to expand their services into emerging markets, further driving up investor confidence. The stock also benefited from a general uptrend in the financial sector, as market analysts predict a bullish outlook for the industry in the coming months. Overall, these key events have contributed to the impressive stock price movements of ICBC (H) today.


Industrial and Commercial Bank of China on Smartkarma

Analyst coverage of ICBC (H) on Smartkarma by Travis Lundy indicates a bullish sentiment. In his report “HK Connect SOUTHBOUND Flows (To 5 Jul 2024)”, Lundy highlights that SOE Banks and SOE Energy names dominated the net buy list, with national team SOUTHBOUND being a net buyer. Despite potential national team buying of banks and energy ahead of shareholder return policy changes, valuations are deemed acceptable, and positive flows are expected to continue. The report suggests that SOUTHBOUND may continue to see inflows, both from the national team and other sources.

In another report by Travis Lundy titled “A/H Premium Tracker (To 3 May 2024): Minimal Moves in 2-Day Week”, the analyst notes mixed AH Premia performance, with As outperforming in high premia scenarios and Hs outperforming in low premia situations. Lundy anticipates a downward trend in AH Premia direction and mentions the New/Better A-H Premium Tracker for detailed tracking of premium positioning and positioning/volatility in pairs over time. The report also highlights consecutive net buying streaks by SOUTHBOUND and significant inflows from NORTHBOUND, indicating a positive market sentiment towards ICBC (H).


A look at Industrial and Commercial Bank of China Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience3
Momentum5
OVERALL SMART SCORE4.2

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, the long-term outlook for ICBC (H) appears to be positive. With strong scores in Dividend and Momentum, the company is positioned well for future growth and stability. Additionally, its high score in Value suggests that ICBC (H) may be undervalued in the market, presenting a potential opportunity for investors.

Although ICBC (H) scored slightly lower in Resilience, its overall high scores in Dividend, Growth, and Momentum indicate a promising future for the company. As one of the leading providers of banking services in China, ICBC (H) continues to serve a wide range of clients, including individuals and enterprises. With a focus on deposits, loans, fund underwriting, and foreign currency settlement, ICBC (H) remains a key player in the banking industry.


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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China State Construction Int’l (3311) Earnings: 1H Net Income Surges to HK$5.47B with Strong Buy Ratings

By | Earnings Alerts
  • China State Construction reported a net income of HK$5.47 billion for the first half of 2024.
  • The company’s total revenue reached HK$61.76 billion during this period.
  • Gross profit stood at HK$9.55 billion.
  • Gross margin was calculated at 15.5%.
  • An interim dividend of 33 HK cents per share was declared.
  • Analyst recommendations include 15 buys, with no holds or sells.

A look at China State Construction Int’L 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

China State Construction Int’l, a prominent player in the building construction and civil engineering sector in Hong Kong, seems to have a positive long-term outlook based on the Smartkarma Smart Scores. With a strong Momentum score of 5, the company appears to be on an upward trajectory, showcasing promising performance indicators. Additionally, its Growth score of 4 suggests potential for expansion and development in the future, indicating a healthy growth strategy.

While China State Construction Int’l scores moderately on Value and Dividend at 3, its Resilience score of 2 indicates a need for further examination of its ability to weather economic uncertainties. Overall, with a favorable Growth and Momentum score, coupled with its established presence in the construction industry in Hong Kong, China State Construction Int’l seems positioned for growth and success in the long term.

Summary: China State Construction International Holdings Limited is a company in Hong Kong that provides building construction and civil engineering services through its subsidiaries.


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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China Resources Beer Holdings (291) Earnings: 1H Selling Expenses Beat Estimates with Strong Net Income and Revenue

By | Earnings Alerts
  • Selling and Distribution Expenses: 4.19 billion yuan, above the estimate of 4 billion yuan.
  • Net Income: 4.71 billion yuan.
  • Revenue: 23.74 billion yuan.
  • EBIT: 6.37 billion yuan.
  • Interim Dividend Per Share: 37.3 RMB cents.
  • Administrative Expenses: 1.49 billion yuan, lower than the estimate of 1.58 billion yuan.
  • Analyst Ratings: 51 buys, 0 holds, 0 sells.

China Resources Beer Holdings on Smartkarma



Analyst coverage on China Resources Beer Holdings by Rikki Malik on Smartkarma highlights positive sentiment towards the company. In the report titled “China Resources Beer Holdings (291.HK) Starts 2024 with a Bang!”, it is noted that the Baijiu Division, crucial for a potential rerating, has seen a significant 50% year-on-year increase in sales in the first two months of the year. The core beer business also continues to perform well, with full-year 2023 results and 2024 forecasts indicating steady progress. The company’s premiumisation strategy is benefiting its beer division, contributing to its positive outlook.

In another report titled “Cheers! Raise a Glass to China Resources Beer (0291.HK)“, Rikki Malik emphasizes that the company is a quality Chinese red chip investment at an attractive valuation. The company’s growth in sales and margins, driven by its premium strategy, positions it well to benefit from the recovering Chinese consumption trend. The report views China Resources Beer as a liquid proxy for China’s consumption recovery, with management in alignment with shareholders and minimal technology regulation risks, highlighting its overall positive prospects in the market.



A look at China Resources Beer Holdings Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience4
Momentum2
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

China Resources Beer (Holdings) Company Limited, an alcoholic beverage retailer, has recently been evaluated using Smartkarma Smart Scores. With a significant emphasis on growth and resilience, the company scored high in these areas with a rating of 4 out of 5 for both. This suggests that China Resources Beer Holdings is showing promising signs of expansion and a strong ability to withstand market fluctuations or unforeseen challenges.

However, the company received lower scores of 2 out of 5 for both value and dividend, indicating that investors may find better opportunities elsewhere in terms of value and dividend payouts. The momentum score also stood at 2, suggesting a neutral stance in terms of short-term market performance. Overall, the long-term outlook for China Resources Beer Holdings seems positive based on its growth and resilience scores, positioning it well for future opportunities and challenges in the alcoholic beverage industry.


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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### Gpt Group (GPT) Earnings: 1H FFO Beats Estimates Despite Revenue Decline ###

By | Earnings Alerts


  • FFO Beats Estimates: GPT Group’s Funds From Operations (FFO) for the first half of 2024 came in at A$309.1 million, surpassing the estimate of A$301.1 million.
  • FFO Per Share: FFO per share stood at A$0.1614, slightly above the estimate of A$0.16.
  • Net Loss: The company reported a net loss of A$249.4 million, a significant increase compared to the loss of A$1.1 million year-over-year.
  • Retail Income: Income from retail funds was A$20.6 million.
  • Office Income: Income from office funds stood at A$31.7 million.
  • Interim Distribution: Interim distribution per share was A$0.120.
  • Revenue: The company’s revenue was A$57.9 million, a sharp decline of 78% year-over-year.
  • Analyst Ratings: Among analysts, there are 6 buy ratings, 2 hold ratings, and 2 sell ratings for the GPT Group’s stock.



A look at Gpt Group Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth2
Resilience2
Momentum4
OVERALL SMART SCORE3.2

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

Analysts at Smartkarma have assessed Gpt Group‘s outlook based on their Smart Scores, a rating system ranging from 1 to 5 for different factors. Looking at the scores, Gpt Group has received strong ratings in Value and Dividend at 4 out of 5, indicating favorable positioning in terms of value and dividend payouts compared to its peers. However, the company’s Growth and Resilience scores are lower at 2, suggesting potential areas for improvement in these areas. On the bright side, Gpt Group has scored a solid 4 in Momentum, reflecting positive market momentum that could bode well for the company’s future performance.

Gpt Group, known for its diversified portfolio of Australian retail, office, and industrial properties including iconic assets like the MLC Centre and Melbourne Central, seems to be in a solid position with its strong Value, Dividend, and Momentum scores. While there is room for growth and improvement in terms of Growth and Resilience, the company’s core strengths in value and dividend payouts coupled with positive market momentum paint a promising long-term outlook for Gpt Group as assessed by the Smartkarma Smart Scores.


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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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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