Archives

Summary Investment technology provider reported a sharp growth in Funds Under Administration (FUA) over the December quarter. The company provided guidance on FY21 FUA net inflows in the range of AU$8.5 billion to AU$9.0 billion for FY2021. ...

• January 21, 2021 08:41 PM AEDT
• Hina Chowdhary

Summary Whispir Limited released its quarterly report showing an Annualised Recurring Revenue of $47.4 million, an increase of 8.5% over the previous quarter. Th release of quarterly update sent Whispir’s share price soaring. Increased u...

• January 21, 2021 08:00 PM AEDT
• Kunal Sawhney

On 21st January 2021, the equity market of Australia ended in green as ASX 200 rose by 0.79% to 6823.70. On the same day, Industrials sector rose by 1.55% and academic and educational services sector increased by 1.37%. Sector Summary (Source: Ref...

• January 21, 2021 07:57 PM AEDT
• Team Kalkine

Expat New Zealander Chris Liddell backed out of the race to head the Organisation for Economic Co-operation and Development (OECD). Lidell, who was a former US President Donald Trump’s nominee, had announced on Tuesday that he was withdrawing h...

• January 21, 2021 07:18 PM AEDT
• Team Kalkine

Summary Apparel retailer Mosaic Brands indicated a return to profitability for upcoming earnings report due next month.  Sales have bounced back sharply during the festive season supplemented by expanded online offerings. Mosaic Brand...

• January 21, 2021 06:45 PM AEDT
• Kunal Sawhney

Aussie Prime Minister, Scott Morrison has sealed a deal with natural gas exporters to ensure the domestic supply of natural gas at a competitive price. The companies involved in gas production and export have to supply non-contracted gas to the dom...

• January 21, 2021 06:18 PM AEDT
• Team Kalkine

Australia’s largest 5G network Telstra Corporation Limited (ASX:TLS), in association with Qualcomm Technologies Inc and Ericsson (NASDAQ:ERIC), disclosed the completion of a new 5G maximum download speed record. The Company revealed that the ...

• January 21, 2021 05:48 PM AEDT
• Team Kalkine

Summary Los Cerros (ASX:LCL) has recorded its best-ever porphyry gold intercept at Tesorito South, Quinchia Project. The most recently drilled hole at the project location encountered 320 metres at 1.5 g/t of gold. The Company is drilling two ...

• January 21, 2021 05:21 PM AEDT
• Hina Chowdhary

Shares of ASX-listed Boab Metals Limited (ASX: BML) marked an uptick of more than 7% at mid-day after the Company reported further remarkable assays from the Phase IV drilling program. BML shares traded at $0.505 on 21 January 2020 (at 2:35 PM AEDT...

• January 21, 2021 05:15 PM AEDT
• Kunal Sawhney

Summary Brisbane-based medical device company Oventus Medical updated its quarterly business review for Q2 FY21. The Company notified that the booked revenue from device sales, consumables, and service fees for the second quarter rose by 20%. ...

• January 21, 2021 04:47 PM AEDT
• Team Kalkine

Summary ASX shares extended rally on Thursday after Joe Biden took oath as the new President of United States of America. Domestically, Aussie market cheered on jobless rate figures and plenty of positive news flow from companies. Australi...

• January 21, 2021 04:41 PM AEDT
• Hina Chowdhary

Premium gold explorer Twenty Seven Co. Limited (ASX:TSC) is geared up to accelerate exploration strategy across its Rover, Yarbu and Mt Dimer gold projects in Western Australia. In view of this, the Company has appointed Mr Simon Phillips as its n...

• January 21, 2021 04:25 PM AEDT
• Kunal Sawhney

Summary Vik Bansal, CEO of Cleanaway Waste Management has stepped down from his role, reflecting on his decision to focus on newer priorities in the future. Chairman Mark Chellew would be the interim CEO, till the search to fill in the position...

• January 21, 2021 03:32 PM AEDT
• Team Kalkine

Hours after taking oath as the President of the United States on Wednesday, Joe Biden announced that the US will rejoin the Paris climate agreement. In one of his first actions in the White House, Biden signed an executive order that will see the U...

• January 21, 2021 03:16 PM AEDT
• Team Kalkine

Summary Archer Materials has been granted Japanese patent for its 12CQ chip, representing a significant commercial milestone in AXE’s chip technology development. The patent would allow AXE to access the high-value Japanese market for its...

• January 21, 2021 03:11 PM AEDT
• Hina Chowdhary

A broad recovery in the labour market continued in December as Australia added 50,000 new jobs to the market. It speaks volumes about the economy's recovery after the Government began easing lockdowns.   Source: Australian Bureau of Statisti...

• January 21, 2021 02:50 PM AEDT
• Kunal Sawhney

Summary VSPC granted European patent for the production of high-quality metal-oxide nanoparticles. VSPC's process is simpler over traditional methods and produces high-quality cathode powders. The Nano-structured oxides have various applicatio...

• January 21, 2021 02:39 PM AEDT
• Kunal Sawhney

ASX-listed gold miners have seen an impeccable rally in recent quarters over a bull rush in gold. An unprecedented rally in gold prices amidst COVID-19 outbreak has paved the way for many ASX-listed gold miners to focus on development to boost produc...

• January 21, 2021 02:29 PM AEDT
• Team Kalkine

At a time when several major energy players are battling for ground in the Montney Formation, Calima Energy Limited (ASX:CE1) stands in an advantageous position with high-grade assets in Montney. The Montney Formation is one of the highest-ranked ...

• January 21, 2021 02:23 PM AEDT
• Team Kalkine

Summary Straker Translations Limited has signed a binding agreement with Lingotek to acquire overall 'Lingotek' business and business assets from Lingotek, Inc via its US subsidiary. The US$6.47 million-deal includes US$5.27 million in cash and...

• January 21, 2021 01:22 PM AEDT
• Team Kalkine

Summary Netflix’s earnings has taken tech-heavy NASDAQ to an all-time high. The rally in technology stocks in the US made its impact on the Australian tech space as well. ASX 200 Information Technology Index is up over 3 per cent, massiv...

• January 21, 2021 01:17 PM AEDT
• Kunal Sawhney

Summary Amid improved oil & gas pricing scenario, sales revenue of Woodside jumped by 32% quarter-on-quarter in Q4. The Company achieved record annual production with 24.9MMboe delivered in December quarter. Woodside CEO and MD will hang h...

• January 21, 2021 01:06 PM AEDT
• Hina Chowdhary

Summary US shares ended higher on Wednesday in the US. Investors are discounting large scale stimulus from the new administration.  For December, Australia’s unemployment rate fell to 6.6% as 50k people joined the workforce during th...

• January 21, 2021 12:57 PM AEDT
• Kunal Sawhney

Contact Energy Limited (NZX:CEN, ASX:CEN) , the 2nd largest energy company in NZ, has been resilient through the coronavirus lockdown. The second half of FY20 has been in line with expectations despite COVID-19 impact, after a challenging first half ...

• January 21, 2021 12:39 PM AEDT
• Team Kalkine

Summary Queensland Government has awarded funds worth ~A$1.4 million to AnteoTech for its COVID-19 Antigen Rapid Test development. The grant is a strong endorsement of ADO’s development and commercialisation progress. The Company is look...

• January 21, 2021 12:08 PM AEDT
• Team Kalkine

Syrah Resources Limited (ASX:SYR) has released the December quarterly results. The shares on the ASX were up ~9 per cent post the announcement, interestingly during the December quarter the shares have appreciated by 165 per cent. Image Source: Me...

• January 21, 2021 12:03 PM AEDT
• Team Kalkine

Democrat Joe Biden was sworn in as the 46th President of the United States on Wednesday, taking over reins from outgoing President Donald Trump. Biden, 78, is the oldest president in US history. Earlier, Biden had served as Vice President under for...

• January 21, 2021 11:53 AM AEDT
• Kunal Sawhney

Summary Westgold Resources (ASX:WGX) achieved robust results in December 2020 quarter. The company registered gold production and sales within the guidance range and reduced unit costs across the operations. It continues to expand operations w...

• January 21, 2021 11:46 AM AEDT
• Hina Chowdhary

On 21 January 2021, Frontier Digital Ventures Limited (ASX:FDV) announced that it has acquired 100 per cent stake in a leading new car marketplace, Moteur. Earlier the company had 56.3 per cent stake in Moteur, but now it has been increased to 100 ...

• January 21, 2021 10:52 AM AEDT
• Kunal Sawhney

The ASX 200 opened higher on Thursday amid positive cues from the Wall Street indices and US President Joe Biden’s swearing-in. By 10:01 AM (AEDT), the index was up 22.60 points, or 0.33 per cent to 6793 and set a new 100-day high. Over the l...

• January 21, 2021 10:45 AM AEDT
• Kunal Sawhney

ASX 200 has once again entered a phase of consolidation with the benchmark index swinging between 6,600 to 6,800 or within the range of 200 points from past many trading sessions. Image Source: © Kalkine Group 2021 While a trending market is...

• January 21, 2021 10:26 AM AEDT
• Hina Chowdhary

Summary Ansell Limited (ASX:ANN) has provided a trading update ahead of its first-half FY21 results due on 16 February 2021. Ansell is witnessing high demand for its products across Exam/SU, Life Sciences and Chemical Protective Clothing, along...

• January 21, 2021 10:10 AM AEDT
• Team Kalkine

In what signals its increasing popularity as a BNPL firm, Zip Co Ltd (ASX:Z1P) on Wednesday released a stellar business update for the December quarter, posting remarkable growth in its revenue, customer base and transaction volume. The fintech fi...

• January 21, 2021 10:03 AM AEDT
• Kunal Sawhney

Summary The retirement planning starts with keeping the end goal in mind and then deciding the future course of action to achieve the set goals. The current age of an individual and the expected retirement age lays down the foundation of retire...

• January 21, 2021 09:58 AM AEDT
• Kunal Sawhney

ASX 200 futures is indicating a higher opening of the Australian markets. As per the current rate, ASX 200 is set to open around 0.4 per cent higher than yesterday’s close of 6770, continuing its winning streak. Yesterday, the market closed a...

• January 21, 2021 09:54 AM AEDT
• Hina Chowdhary

The US stocks rose to a record high on Wednesday for the second consecutive day after President Joe Biden’s swearing-in ceremony and better-than-expected earnings. The rally in technology stocks, led by Netflix and hopes around the new stimul...

• January 21, 2021 08:56 AM AEDT
• Team Kalkine

The stock markets have significantly recovered after hitting new lows at the coronavirus pandemic’s peak in 2020. However, the investors are now worried about the valuations. Stocks of many companies are currently overvalued, stoking fear of ...

• January 21, 2021 08:42 AM AEDT
• Kunal Sawhney

Shares of Pointsbet Holdings Ltd (ASX:PBH) are already up over 24 per cent in January 2021. The stock has gained over 160 per cent in the last six months. The scrip closed at A$14.71, up 0.86 points, or 6.21 per cent on Wednesday, 20 January 2...

• January 21, 2021 08:35 AM AEDT
• Team Kalkine

Chinese business magnate Jack Ma finally reappeared in the public eye on Wednesday, January 19, after months of speculation about him missing since slamming the Chinese government back in October. A clip* of Mr Ma delivering a speech at the online...

• January 21, 2021 01:43 AM AEDT
• Team Kalkine

Summary Some consumer discretionary stocks have had a phenomenal run after the market crash in March 2020, but not all have recovered to their peaks. As earnings season is approaching, it is the time when expectations, which is priced in the st...

• January 21, 2021 12:30 AM AEDT
• Kunal Sawhney