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On 23rd February 2021, the equity market of Australia settled in green as ASX 200 moved up by 0.86% to 6839.20. On the same day, energy sector grew by 4.93% and real estate sector increased by 2.88%. However, consumer cyclicals sector fell by 1.33%. ...

• February 23, 2021 08:50 PM AEDT
• Team Kalkine

Source: Shutterstock In a major triumph for Australia, US tech giant Facebook has finally struck a reconciliatory note with the country’s Federal Government.  Australian Treasurer Josh Frydenberg informed that Facebook boss Mark Zuckerber...

• February 23, 2021 08:32 PM AEDT
• Team Kalkine

tion has increased to A$40.62 million after yesterday’s gain. The share price of technology company Nexion Group Limited (ASX:NNG) has had a wild ride since its IPO launch last week. Yesterday on February 22, by lunchtime, its shares were...

• February 23, 2021 06:48 PM AEDT
• Team Kalkine

Source: Shutterstock Summary Full-year report of Oil Search (ASX:OSH) reflects demand collapse and oil price downturn. Revenue declined by USD510.6 million and net loss stood at USD320.7 million. The company maintains a strong, flexible balan...

• February 23, 2021 06:42 PM AEDT
• Team Kalkine

coin is an unpredictable asset, fearing investors might take a hit. The most popular cryptocurrency in the world, bitcoin, sank nearly 10% on Monday,  dipping below the 50K-mark at one point and traded at USD 48,383.0. Bitcoin trading is hi...

• February 23, 2021 06:36 PM AEDT
• Team Kalkine

Source: Shutterstock Summary IDT has posted a net profit of $1.12 million in 1H FY21. During the reported period, IDT continued to operate as an essential service throughout the Victorian lockdowns. IDT’s share price has closed flat at ...

• February 23, 2021 05:57 PM AEDT
• Aayush

Source: Shutterstock Summary BHP is among the top five copper producers in the world. The Company produced 428kt of copper during the December 2020 quarter and has provided a production guidance range of 1,510-1,645kt for FY21. Copper is trad...

• February 23, 2021 05:49 PM AEDT
• Team Kalkine

ternational Ltd., Indiana Resources Ltd., and Ausmon Resources Ltd. Penny stocks present themselves as high-risk stocks with a potential to bring in massive profits to the investors. These small cap stocks may turn out to be surprising investmen...

• February 23, 2021 05:33 PM AEDT
• Team Kalkine

ation is planned for the extensive tenement holdings in the region. The shares of King River Resources Limited (ASX:KRR) marked an uptick of 3.85% on 23 February 2021 after the release of fresh top-notch results from its 2020 Reverse Circulation...

• February 23, 2021 05:00 PM AEDT
• Team Kalkine

Source: Shutterstock Summary Agribusiness industry is an important part of an economy’s sustenance as it is substantial beyond just its financial value. During the coronavirus pandemic, consumer patterns have shifted drastically as resta...

• February 23, 2021 04:50 PM AEDT
• Team Kalkine

Source: Shutterstock Summary Energy, materials, industrials, real estate, and financials have helped the ASX 200 to extend gains strongly in the afternoon session. Commodity demand has also picked over the recent past, and it is evident in com...

• February 23, 2021 04:42 PM AEDT
• Tribhuwan

> The industrial sales of pellet edged up by more than 30% during the December 2020 quarter. Carbonxt Group Limited (ASX:CG1) appears well-positioned amid the transition to a green economy, as its innovative solutions for controlling industrial...

• February 23, 2021 04:16 PM AEDT
• Team Kalkine

i>Ingenia also signed an agreement to buy a mixed-use holiday park. Ingenia Communities Group (ASX:INA) has made progress in expanding its lifestyle and holidays business by acquiring a premium lifestyle community & a mixed-use holiday resor...

• February 23, 2021 03:29 PM AEDT
• Team Kalkine

Source: Shutterstock “How to Avoid a Climate Disaster”, the latest book by tech philanthropist Bill Gates is the talk of the town. From environmentalists to governments, all want to dig into the thoughts of the Microsoft legend about the...

• February 23, 2021 03:22 PM AEDT
• Team Kalkine

The global car manufacturing resulted in shortage of supplies. Australia recorded a goods trade surplus, even as import and export of goods fell in January 2021. While the goods trade surplus stood at A$8.8 billion, imports and exports dec...

• February 23, 2021 02:56 PM AEDT
• Ashish

Source: Shutterstock Summary National Tyre & Wheel reported NPAT of $9.83 million in 1H FY21. 1H FY21 gross margin was higher due to favourable FX movements and less discounting. NTD’s share price has tanked by 21.12 per cent in tod...

• February 23, 2021 02:47 PM AEDT
• Aayush

Source: Shutterstock Summary Medical device developer PolyNovo witnessed increased revenue from NovoSorb BTM sales in all direct markets. PolyNovo stated that the hernia program has now several prototypes to address the market and regulatory r...

• February 23, 2021 02:44 PM AEDT
• Team Kalkine

Source: Shutterstock Summary Uniti Group released its financial performance results for the 6 months ended 31st of December, 2020, showing exceptional growth during the period. The company reported EBITDA increase of 307% to reach AUD29.3 mill...

• February 23, 2021 02:37 PM AEDT
• Team Kalkine

Source: Shutterstock Summary Cost rationalisation initiatives have delivered strong results during the pandemic, while JobKeeper payment also added to strong earnings.  The company seeks to return towards profitable growth from FY22. It h...

• February 23, 2021 02:32 PM AEDT
• Tribhuwan

Source: Shutterstock Summary NHC reported a saleable coal production for the January quarter at 2,363kt. Company’s total coal sales outperformed the planned volume of 2.466 million tonnes. The High Court of Australia upheld the appeal a...

• February 23, 2021 02:26 PM AEDT
• Team Kalkine

Marking a major step towards the US listing, FYI Resources Limited (ASX:FYI) has initiated the process to seek quotation on the “over the counter” (OTC) market in the US as a secondary listing. The Company has started this process follo...

• February 23, 2021 02:21 PM AEDT
• Damini

Source: Shutterstock Summary SEEK MD and CEO Andrew Bassat is transitioning to a new full-time role. The company registered a resilient performance in 1H amid the pandemic-induced challenges. The company is targeting greater independence for ...

• February 23, 2021 02:15 PM AEDT
• Team Kalkine

Source: Shutterstock Summary Australian markets are mixed on Tuesday. The benchmark index is up slightly, and sectoral moves remain mixed.  In commodity, copper prices continue the rally, while gold and iron ore prices are also tracking h...

• February 23, 2021 01:01 PM AEDT
• Tribhuwan

rlier part of the year negatively impacted the investment earnings. Australia’s private health insurance sector was significantly impacted by the coronavirus pandemic last year as profit plunged due to negligible premium growth and muted i...

• February 23, 2021 12:56 PM AEDT
• Ashish

Source: Shutterstock Summary PropTech Group has signed back-to-back deals in the last two days. The Company signed a deal to acquire the web designing player, Website Blue for up to A$1.5 million. Yesterday on 22 February, PropTech announced ...

• February 23, 2021 12:41 PM AEDT
• Team Kalkine

ross oncology, heart failure and renal failure can unfold in the near term. MedTech company ImpediMed Limited (ASX:IPD) continues to accomplish milestones across its three key strategic focus areas: oncology, heart failure and renal failure, whi...

• February 23, 2021 12:14 PM AEDT
• Sukriti

ng discussions with B2B customers for the sale of VIRALEZE™. World leader in developing new pharmaceutical and medical products Starpharma Holdings Limited (ASX:SPL, OTCQX: SPHRY) revealed that it has successfully registered its antiviral ...

• February 23, 2021 12:10 PM AEDT
• Team Kalkine

Source: Shutterstock Summary LaserBond delivered a solid financial performance for 1H, on the back of its innovative technologies. The company is focused on the domestic market, as well as international opportunities. LaserBond expects its 2H...

• February 23, 2021 12:05 PM AEDT
• Team Kalkine

up 0.112 per cent, information technology was down 1.495 per cent. Australia’s benchmark equity index ASX 200 opened marginally lower on Tuesday, down 4.60 points to 6776.30, after US stock markets closed mixed weighed by traditional blue...

• February 23, 2021 09:15 AM AEDT
• Ashish

clared an interim dividend of 3.5 cents per share on 7 April 2021. Perenti Global Ltd (ASX:PRN) on Tuesday announced the loss for the first half of financial year 2021 amid challenges due to the COVID-19 pandemic, which negatively hit its intern...

• February 23, 2021 09:08 AM AEDT
• Ashish

Source: Shutterstock Summary ASX 200 is set to open 18 points or 0.3 per cent higher this morning. Bitcoin catches breather and falls over 15 per cent after rallying past US$58,300. WTI crude oil again resumed its uptrend and rallied by 4.63 ...

• February 23, 2021 09:05 AM AEDT
• Aayush

ignal higher optimism in the markets of a faster economic recovery. US stock markets ended lower on Monday, weighted down by traditional blue-chip stocks which appeared less attractive as more options open-up for investors amid improvement in th...

• February 23, 2021 08:37 AM AEDT
• Team Kalkine

iduals seeking tips to manage funds for emergencies and retirement. Ever heard about the 50/20/30 budget rule? The tool is an excellent plan for people to reach their financial goals. According to the rule, a person should spend 50 per cent of h...

• February 23, 2021 08:03 AM AEDT
• Ashish

Summary SECOS Group is leveraged to demand for sustainable products. The company recently posted profit of $66k in the first half. Moreover, its focus on biopolymer products has given earnings visibility. SECOS Group (ASX:SES) has clocked p...

• February 23, 2021 05:00 AM AEDT
• Tribhuwan

  The digital currency Bitcoin is once again storming the headlines with its market capitalisation surpassing USD 1 trillion mark on 19 February 2021 as its price crosses USD 55,000. Copyright © Kalkine Media Pty Ltd Bitcoin Surpasse...

• February 23, 2021 01:49 AM AEDT
• Team Kalkine