Archives

At the close of trading session on 1st December 2020, the equity market of Australia ended in green as the benchmark index S&P/ASX200 rose by 1.08% to 6588.50. On the same day, consumer cyclicals sector rose by 1.94% and basic materials sector in...

• December 01, 2020 08:39 PM AEDT
• Team Kalkine

Summary An ASX-listed consumer growth stock company, Pental Limited is a trusted manufacturer and distributor of personal, household, and commercial products across Australia, New Zealand, and Asia. The Company continues to improve, innovate, a...

• December 01, 2020 08:33 PM AEDT
• Kunal Sawhney

The Australian Bureau of Statistics (ABS) has released building approvals data for October 2020. The data has been particularly encouraging for private sector houses or residential real estate. On a seasonally adjusted basis, building approvals fo...

• December 01, 2020 07:54 PM AEDT
• Team Kalkine

Summary Platina Resources (ASX: PGM) has completed a soil sampling program at its wholly owned Challa Gold Project. The campaign has indicated potential for lower exploration costs for the project. All samples have been submitted to ALS Global...

• December 01, 2020 07:29 PM AEDT
• Team Kalkine

As China keeps continuously slamming Australia with additional tariffs on imported products, the land down under needs to think of a way to fight back. Trade experts believe Australia can do a lot more than just pursuing legal actions and taking th...

• December 01, 2020 07:00 PM AEDT
• Edita Ivancevic

Shares of Imugene Limited (ASX:IMU) marked an uptick of about 8% to $0.13 on 1 December 2020 post a significant update on its B-cell cancer immunotherapy, PD1-Vaxx. Interestingly, Imugene has announced the dosing of its first patient in Phase 1 cli...

• December 01, 2020 06:26 PM AEDT
• Hina Chowdhary

Bitcoin prices finally climbed to a record high, taking less than three years to scale the previous all-time high the previous high seen in December 2017. The world’s most popular cryptocurrency gained considerable momentum in the recent past, ...

• December 01, 2020 06:18 PM AEDT
• Kunal Sawhney

The Reserve Bank of Australia (RBA) has decided to maintain its monetary policy stance, with no new changes announced. With a target of 10 basis points for both the interest rate and the yield on 3-year Australian government bonds, RBA continues to...

• December 01, 2020 05:41 PM AEDT
• Team Kalkine

Who says social media cannot pay the bills or do more? Australian influencer Tammy Hembrow proves that statement wrong, as marketing experts estimated she could earn more than A$55,000 per post on Instagram. Australia’s 26-year-old self-mad...

• December 01, 2020 05:35 PM AEDT
• Edita Ivancevic

Summary Theta Gold has planned to produce more than 160,000 ounces of gold per year from its near-surface mines. The bulk metallurgical gold sampling from Theta’s three underground mines has exhibited excellent gold recovery with Carbon I...

• December 01, 2020 04:41 PM AEDT
• Hina Chowdhary

Summary Qantas has joined Jetstar in resorting to notorious measures due to the coronavirus difficulties as it is set to outsource 2,000 of its employees, starting in the first quarter or 2021. The decision will affect ten major Australian citi...

• December 01, 2020 04:37 PM AEDT
• Edita Ivancevic

Australia’s current account surplus (seasonally adjusted) in the September quarter fell 39 per cent to A$10.0 billion, on account of lower goods and services surplus, according to the latest data from Australian Bureau of Statistics (ABS). Th...

• December 01, 2020 04:31 PM AEDT
• Kunal Sawhney

Leading consumer branded food & beverage group Freedom Foods Group Limited (ASX: FNP) is returning back to trade after months of wrangling and trading suspension. Freedom Foods, the name behind brands such as Messy Monkeys and Heritage Mill, has ...

• December 01, 2020 04:05 PM AEDT
• Team Kalkine

TPG (ASX:TPM) recently announced that its mobile virtual network operator, Felix, is offering  “unlimited data” in A$35. Let us find out how pocket-friendly it is for users and whether it’s worth switching to from your current ...

• December 01, 2020 04:01 PM AEDT
• Hina Chowdhary

Summary The Coronavirus-induced pandemic saw an unprecedented surge in the online shopping, which in turn made the e-commerce stocks rise on the ASX With the most-awaited festive season – Christmas -- approaching, it is anticipated that t...

• December 01, 2020 03:28 PM AEDT
• Kunal Sawhney

Arcadia Group, the owner of renowned fashion brands like Topshop, Burton and Dorothy Perkins, has become the latest victim to bite the dust in the wake of COVID-19 storm. The fashion giant has hired administrators from Deloitte to assess all avail...

• December 01, 2020 03:18 PM AEDT
• Team Kalkine

Summary Australian explorer Greenland Minerals Limited (ASX:GGG) has announced an offer to eligible shareholders to participate in a Share Purchase Plan. Eligible shareholders have the opportunity to purchase up to $30,000 of GGG ordinary share...

• December 01, 2020 03:09 PM AEDT
• Kunal Sawhney

Summary Keytone Dairy has reported a 233% growth in revenues for the first half-year period FY21.  It continues to spend in marketing and promotions for the brand awareness and launch of new products. Keytone Dairy Corporation Limited...

• December 01, 2020 02:58 PM AEDT
• Hina Chowdhary

Summary The second round of great state vouchers will be launched on 5 January 2021, to encourage more visitors to the CBD and the regions. Vouchers worth AUD 100 each to travel CBD and North Adelaide and vouchers worth AUD 50 each to spend on ...

• December 01, 2020 02:33 PM AEDT
• Team Kalkine

Summary AUB Group has announced its move to acquire 360 Underwriting Solutions, worth A$127 million. The new entity will have a total GWP of $270 million, and the operations will commence from today, i.e. December 1. Restructuring of the 360 U...

• December 01, 2020 02:21 PM AEDT
• Team Kalkine

Summary Growthpoint Properties Australia (ASX:GOZ) continues to target 20 cents per security distribution for FY21.  It has refinanced the existing debt book at lower interest rates and extended maturity of the debt book.  The CO...

• December 01, 2020 02:18 PM AEDT
• Team Kalkine

Ora Banda Mining Limited (ASX:OBM) had conducted its Annual General Meeting of shareholders on 27 November 2020 wherein four items of business were discussed. A poll carried all these four resolutions at the meeting with most of the votes in favour...

• December 01, 2020 01:31 PM AEDT
• Team Kalkine

The Australian Prudential Regulation Authority (APRA) has launched an action against Westpac Banking Corporation (ASX:WBC). The enforcement action is over the material breaches of liquidity standards set by the regulator.  APRA became aware o...

• December 01, 2020 01:29 PM AEDT
• Kunal Sawhney

ASX 200 listed oil & gas producer Santos Limited (ASX:STO) has upgraded its production guidance for the year 2020 while lowering cost estimates for the same period. On 1 December 2020 (AEDT 12:33 PM), STO traded higher by 0.568 per cent to $ 6.1...

• December 01, 2020 01:14 PM AEDT
• Hina Chowdhary

Summary Aggressive demand from institutional investors and HNIs led the Bitcoin to surge from US$11k to the new all-time high of around US$19,857. The rally was led by mainstream adoption of Bitcoin by PayPal, Square’s cash app and Robinh...

• December 01, 2020 01:10 PM AEDT
• Team Kalkine

Pharmaceutical giant Moderna Inc. (NYSE:MRNA) intends to ask vaccine regulators in the US, Europe, and the UK for urgent approval of its coronavirus vaccine. According to the company, they performed late-stage study of human trials for the COVID-1...

• December 01, 2020 12:30 PM AEDT
• Edita Ivancevic