S&P/ASX 200 Recovers; An Eye Over The Rally Catchers- HUB, FPH, CYB, JHG

  • Oct 14, 2019 AEDT
  • Team Kalkine
S&P/ASX 200 Recovers; An Eye Over The Rally Catchers- HUB, FPH, CYB, JHG

The S&P/ ASX 200 Index and the Australian stock market is showing early recovering sign with the index rising from the level of 6475.40 (Day’s low on 3 October 2019) to the present high of 6676.20, which underpins the growth of over 3 per cent.

Also Read: The S&P 500 Hits A Record High – How About ASX 200?

The recovery in the index and improved sentiments in the global market amid partial trade deals between the United States and China is again fuelling the equity market up in Australia and ASX listed stocks along with it.

ASX-Listed Rally Catchers

The recovery in S&P/ ASX 200 brought a smile on the face of ASX listed stocks, and the Australian stocks relished over the recovery in the index.

HUB24 Limited (ASX: HUB)

HUB24 Limited (ASX: HUB) is an ASX-listed company which connects advisers and their clients through innovative solutions. The company is focused on the delivery of the HUB24 platform along with the growth of its wholly-owned subsidiaries, which includes Paragem Pty Ltd- a financial advice licensee, Agility Applications Pty Ltd and ConnectHUB Pty Ltd.

The wholly-owned subsidiaries Agility Applications Pty Ltd and ConnectHUB Pty Ltd provides data, reporting, and reporting services to the Australian stockbroking and wealth management houses.

HUB24 recently presented its September 2019 quarter report and posted quarterly Net Inflows of $1,238 million, which underpinned the growth of 94 per cent against the previous corresponding period.

The Gross Inflows stood at $1,673 million, and the Funds Under Administration (or FUA) stood at $14.4 billion (as on 30 September 2019), up by 57 per cent from the previous corresponding period.

As per the latest Strategic Insights data, HUB24’s platform continues to grow at the fastest rate in the industry with the number two spot in terms of both quarterly and annual net inflows.

The company strongly commenced the FY20 with average monthly inflows of $413 million, which in turn, is approx. 27.50 per cent higher against the FY19 average monthly inflows of $324 million, including a significant client transaction. The platform market share of the company inched up to 1.5 per cent in June 2019 quarter from 1.3 per cent.

(Source: Company’s Report)

The growth in Funds Under Administration resulted from inflows from a combination of existing and new adviser relationships, and apart from that, the structural change across the industry assisted transitions of Funds Under Administration from competitor platforms.

Business Update

HUB24 witnessed a 57.3 per cent yearly surge in Funds Under Administration amid the activation of new advisers from existing licensee relationships and the broker channel and due to the continuous flow from established platform users.

The company announced plans to invest in additional distribution staff in August 2019 to leverage the unprecedented market opportunities for increasing growth, and HUB24 remains committed to ongoing managed portfolio innovation.

Share Price Actions

The share of the company rose significantly during the day’s session on 14 October 2019 to reach a high of $13.030. The stock recovered with a recovery in S&P/ ASX 200 and surged from the level $10.790 (Day’s low on 3 October 2019) to the present high of $13.030, which marked a gain of over 20.75 per cent.

The share of the company last traded at $12.910, up by 6 per cent from its previous close.

Fisher & Paykel Healthcare Corporation Limited (ASX: FPH)

Fisher & Paykel Healthcare Corporation Limited (ASX: FPH) is an ASX-listed leading designer, manufacturer and marketer of healthcare products. The company especially deals in the healthcare products for used respiratory care, acute care, surgery and treatment of obstructive sleep apnea, which causes breathing to stop and start during sleep repeatedly.

The company notified to the public that its new mask for obstructive sleep apnea- F&P Vitera™ is now saleable in the United States.

F&P Vitera™ - which is a full-face mask, represents a mixture of unique technologies to provide high levels of stability and durability.

The full-face mask of the company contains RollFit™ XT Seal, which is designed to reduce and minimise leaks and pressure on the bridge of the nose, and the mask also contains a stability bar to keep the mask in place throughout the night.

The United States business president of the company- Justin Callahan, mentions that the leakage is the number one complaint from the users of the full-face mask.

The full face mask of FPH also incorporates a breathable technology in the headgear- VentiCool™, which is a proprietary fabric that assists in dissipating heat and moisture, and as per the company, coupled with new design features such as headgear clips, grip tabs and VisiBlue™ highlights, the full face- Vitera is an exciting addition to the current range of for obstructive sleep apnea products of the company.

The product of the company is already in circulation in ANZ, Canada and Europe and upon receiving the relevant regulatory clearances, it would be available in other regions as well.

Upgraded Guidance

FPH upgraded its revenue and earnings guidance for the financial year ended 31 March 2020 post receiving the regulatory clearance for F&P Vitera™ in the United States.

The company’s previous full-year guidance at the NZ: US exchange rate of 64 cents was as below:

  • The previous operating revenue guidance was at approximately $1.17 billion.
  • The previous net profit after tax guidance was at approximately $245 million to $255 million.

As per the revised assumed exchange rate for NZ: US of approx. 63 cents, the full-year revenue and net profit expectation of the company is as below:

  • The operating revenue guidance is at approximately $1.19 billion.
  • The net profit after tax guidance is at approximately $255 million to $265 million.

Share Price Actions

The stock of the company witnessed a large gap-up opening during the day’ session on 14 October 2019. FPH started the session at $16.700, up by 4.63 per cent from its previous close on ASX. Further, surged and closed the day’s trade at $17.080, up by 7 per cent as compared to its previous closing price.

Likewise, other stocks on ASX also followed the lead of the index and surged on ASX. For example, CYBG PLC (ASX: CYB) witnessed a massive gap-away with the first breakaway gap-up on 11 October 2019 and second gap-up on 14 October 2019.

CYB started the day’s session at $2.320 on 14 October 2019, up by almost 8 per cent from its previous close on ASX. CYB closed at $2.410 up by 12 per cent.

Another stock, which followed the same trajectory on ASX is Janus Henderson Group PLC (ASX: JHG). The stock started the session at $31.160, up by 2.36 per cent from its previous close. The stock rose to mark a high of $30.490 before settling for the day at $32.090, up by 5.42 per cent from its previous close.


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