Archives

Summary The near-festive season and recent relaxation in restrictions are having a positive effect on consumer sentiments. Woolworth’s 1Q2021 report indicates a significant increase in e-commerce sales. Recce Pharmaceutical’s RECCE...

• December 02, 2020 08:50 PM AEDT
• Team Kalkine

On 2nd December 2020, the equity market of Australia witnessed a marginal rise of 1.70 points to 6590.20. On the same day, the basic materials sector rose by 1.30% and industrials sector increased by 0.60%. Sector Summary (Source: Refinitiv&n...

• December 02, 2020 07:42 PM AEDT
• Team Kalkine

Most people would probably know Travis Scott as a hugely successful rapper, songwriter, record label owner, and last but not the least, Kylie Jenner's ex-partner. With his many talents, Mr Scott proves himself to be good at what he is doing, as he...

• December 02, 2020 07:24 PM AEDT
• Edita Ivancevic

In a major development, the United Kingdom on Wednesday became the first nation to approve the Pfizer-BioNTech vaccination for public use. The COVID-19 mRNA vaccine candidate will be rolled out from next week, informed UK health secretary Matt Hancoc...

• December 02, 2020 06:53 PM AEDT
• Team Kalkine

Fiscal conservatism was running through the veins of Scott Morrison & Co. before the pandemic struck Australia. Legislators were eyeing a budget surplus year after a long time.  In the advent of the pandemic, the Federal Government was forc...

• December 02, 2020 06:44 PM AEDT
• Team Kalkine

Kingstone Resources Limited (ASX:KSN) has received high-grade gold intercepts at the Homestead prospect. The Company expects the development to pave the way for upgrading its existing JORC 2004 Inferred Resource. The high-grade assay results are fro...

• December 02, 2020 06:33 PM AEDT
• Team Kalkine

Summary Invictus Energy Limited is advancing activities at its 80% owned and operated Cabora Bassa Project in Zimbabwe. Field operations and reconnaissance program have concluded, Production Sharing Agreements (PSA) with the Republic of Zimbabw...

• December 02, 2020 06:23 PM AEDT
• Team Kalkine

Summary During September quarter, Zelira Therapeutics achieved significant milestones marking its successful transition to the ‘Launch, Learn and Develop’ model. Key developments include the launch of Zenivol™ in Australia and...

• December 02, 2020 06:14 PM AEDT
• Kunal Sawhney

Summary Zelira Therapeutics forays into the US oral care market by launching CBD toothpaste in partnership with US-based SprinJene®. The new CBD toothpaste will be Zelira’s first Over-the-Counter formulation. Further, the discussions...

• December 02, 2020 05:55 PM AEDT
• Hina Chowdhary

Summary The pandemic-induced volatility has increased the demand for gold-related stocks as investors rush for the yellow metal which is considered as a safe haven.  Several key aspects should be considered before selecting a gold stock.&n...

• December 02, 2020 05:20 PM AEDT
• Kunal Sawhney

The Reserve Bank of Australia (RBA) has agreed to retain the record-breaking low interests rates at 0.1 per cent for the remaining weeks of this year. However, the RBA did warn about a slow recovery caused by the coronavirus pandemic. On a Melbour...

• December 02, 2020 05:03 PM AEDT
• Edita Ivancevic

Summary Podium Minerals’ recent drilling has delivered a growth of 22% in the 3PGM Mineral Resources to 1,390,000 ounces and a 44% increase in Copper to 53,900 tonnes at the Parks Reef project. The resource upgrade includes results from R...

• December 02, 2020 04:47 PM AEDT
• Team Kalkine

Summary Creso Pharma has received three purchase order worth A$414k for anibidiol® products, bringing the total purchase order generated by animal health segment in 2020 to ~A$975k. The current orders would be shipped to the commercial part...

• December 02, 2020 04:19 PM AEDT
• Hina Chowdhary

Summary Syrah progresses to vertically integrate upstream Balama project with downstream Vidalia project for expansion. Bankable Feasibility Study affirms solid business case for Syrah's natural graphite Active Anode Material creation at Vidali...

• December 02, 2020 04:13 PM AEDT
• Kunal Sawhney

Summary Employers do recognise the need for employee recognition and rewards but may end up resorting to age-old myths. Few common myths include a lack of conscience for employee recognition and delayed recognition. REFFIND Limited’s Woo...

• December 02, 2020 04:08 PM AEDT
• Team Kalkine

Summary Australians are racing towards buying 5G handsets, as the telecom revolution is knocking on the door across the globe. Many have joined 5G phone plans with Vodafone, Optus, and Telstra, which are the most significant 5G providers in the...

• December 02, 2020 02:56 PM AEDT
• Edita Ivancevic

The Australian economy bounced out of recession as the economy expanded by 3.3 per cent in the September quarter. The gross domestic product (GDP) growth had contracted 7 per cent in the June quarter, the worst in Australian Bureau of Statistics (A...

• December 02, 2020 02:21 PM AEDT
• Hina Chowdhary

As a pledge to reduce carbon emission, BHP (ASX:BHP), a global resource company with dual listing in the UK and Australia, has signed an agreement with Shell to fuel five LNG powered Newcastlemax bulk carriers. LNG powered carrier vessels which BH...

• December 02, 2020 02:07 PM AEDT
• Kunal Sawhney

Lynas Rare Earths Limited (ASX:LYC) or formerly known as Lynas Corporation Limited has climbed the ASX price ladder swiftly with the stock now reaching a new all-time high of $3.870 (as on 2 December 2020 12:36 PM AEDT). Lynas has been on a continuo...

• December 02, 2020 01:59 PM AEDT
• Team Kalkine

Trading Contracts For Differences means that you bargain prices that derive from the fundamental market, but not on the fundamental market itself. Over the years, this has become a popular type of trading because it lets traders: make funds grow with...

• December 02, 2020 01:53 PM AEDT
• Nicole Bishop (Guest)

Sandfire Resources Limited (ASX:SFR) has witnessed a quick jump in its share price after posting three exciting announcements on the exchange. The stock is the best performer on ASX 200. SFR rose ~ 19.40 per cent in two trading sessions to reach the...

• December 02, 2020 01:46 PM AEDT
• Hina Chowdhary

Summary Institutional investors have backed the proposed acquisition by BetMakers with a commitment of $50 million.  BetMakers looks to scale its presence in the B2B betting market with this proposed acquisition.  BetMakers Techn...

• December 02, 2020 01:22 PM AEDT
• Kunal Sawhney

Summary Company posted record transaction volume in November at A$577.1 million, up 44 per cent from October. The app recorded 581,000 downloads last month and finished at 16th spot in the shopping category in the US App store. The stock is tr...

• December 02, 2020 01:19 PM AEDT
• Team Kalkine

While the most popular cryptocurrency bitcoin is soaring high nowadays, Ether, the world's second-biggest virtual currency by market value, is following the trend. It is up more than 4x this year. Since the beginning of the year, cryptocurrency has b...

• December 02, 2020 01:13 PM AEDT
• Kunal Sawhney

The famous home rental startup Airbnb Inc said on Tuesday that it intends to price its shares at USD 44 to USD 50 per share in its IPO, for a valuation of up to USD 34.8 billion in its initial public offering (IPO). The company is prepared to sell ...

• December 02, 2020 01:09 PM AEDT
• Team Kalkine

International parliament members from several political parties have joined forces to “stand against repressive bullying” as a response to China’s raising of wine tariffs for Australia. Several MPs from the Inter-Parliamentary Al...

• December 02, 2020 12:51 PM AEDT
• Edita Ivancevic

On 2 December 2020, Laybuy Group Holdings Limited (ASX: LBY), a significant player in buy now pay later (BNPL) in New Zealand has released its November 2020 update. Due to the increasing popularity of the company growing amongst consumers, it has e...

• December 02, 2020 12:50 PM AEDT
• Team Kalkine

Summary Mount Burgess Mining NL (ASX:MTB) conducted its 2020 virtual Annual General Meeting on 30 November 2020. Developing the Kihabe – Nxuu Zinc/Lead/Silver/Germanium & Vanadium Project, Mount Burgess remains focussed on developing ...

• December 02, 2020 12:34 PM AEDT
• Hina Chowdhary

Summary Global video technology company, Atomos Limited (ASX:AMS) is on track to surpass A$28 million revenue for F1 FY21. The company reported its second quarter sales of FY21 at the pre-coronavirus levels, much ahead of its guidance made earl...

• December 02, 2020 12:30 PM AEDT
• Kunal Sawhney

Salesforce (NYSE:CRM) has signed a definitive agreement with the innovative enterprise communications platform, Slack Technologies, Inc. (NYSE:WORK) under which Salesforce would acquire Slack. Salesforce is a leading CRM business that allows busines...

• December 02, 2020 12:20 PM AEDT
• Team Kalkine

Summary Westpac is also targeting lean structure as it is now engaged in selling off non-core business. A separate division is being led by Jason Yetton, who is undertaking strategic reviews of non-core business. Westpac Banking Corporatio...

• December 02, 2020 12:17 PM AEDT
• Team Kalkine

Summary Mesoblast said that the US FDA has granted Fast Track designation for its lead product remestemcel-L for ARDS due to COVID-19 infection. With this Fast Track designation, remestemcel-L is eligible for a Biologic License Application. Th...

• December 02, 2020 11:58 AM AEDT
• Hina Chowdhary

Summary Dividends have been slashed as companies have increasingly opted for cash flow resilience in the wake of a crisis.  KFC Australia continues to remain a cash cow for Collins Foods, accounting for a majority of revenue and earnings.&...

• December 02, 2020 11:53 AM AEDT
• Kunal Sawhney

The crude oil market finally hits a limbo with prices of Brent futures struggling around USD 50 mark to trade in a range from USD 49.00 per barrel to USD 48.00 per barrel after showing an immense recovery. Image Source: © Kalkine Group 2020 ...

• December 02, 2020 11:49 AM AEDT
• Team Kalkine

Summary Humm and Douugh have entered into a partnership to launch a BNPL offering for the US market. The BNPL solution by the joint venture will provide a line of credit up to US$1000, repaid in six payments. Humm to infuse A$12 million into D...

• December 02, 2020 11:42 AM AEDT
• Team Kalkine