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Financial
Plenti Group’s cash NPAT jumps 260% in 2QFY25, loan portfolio expands
October 22, 2024 03:04 PM AEDT| By Team Kalkine MediaKey Points,Significant Profit Growth: Plenti Group Limited reported an unaudited Cash NPAT of $5.5 million for the first half of FY25, marking a 260% increase compared to the previous corresponding period (PCP).,Expansion in Loan Portfolio: The compa...
Weekly Market Review Financial Stocks Up as Wisetech and Flight Centre Fall
October 18, 2024 05:47 PM AEDT| By Team Kalkine MediaHighlights,Financial stocks and gold stocks led market gains this week.,Ovanti,emerged,as the top small-cap stock performer.,Wisetech,and Flight Centre experienced significant share price declines.,The financial sector has led the market with strong...
Regal Funds Management Indicted in South Korean Short-Selling Crackdown
October 18, 2024 05:05 PM AEDT| By Team Kalkine MediaHighlights,Regal Funds Management accused of violating South Korean short-selling laws.,The hedge fund faces scrutiny amid ongoing investigations into global investment practices.,Regal denies the allegations and awaits further legal proceedings.,Reg...
OFX Group Faces Significant Share Drop After Earnings Miss
October 17, 2024 03:56 PM AEDT| By Team Kalkine MediaHighlights,OFX Group shares drop 34% following earnings report.,Earnings fell short of expectations at $29 million for the first half of the year.,Net operating income guidance for FY25 has been revised down by 10%.,OFX Group (ASX:OFX), a Sydney-base...
Perpetual Faces Major Backlash as Shareholders Reject Remuneration Plan
October 17, 2024 11:51 AM AEDT| By Team Kalkine MediaHighlights,Perpetual shareholders overwhelmingly reject,remuneration,report,.,Over 45.9 million votes cast against the board's pay proposal.,Potential for board re-election if next year's report is also rejected.,Perpetual Limited (ASX:PPT) sharehold...
Understanding ASX Ltd (ASX:ASX) Performance in 2024
October 16, 2024 07:08 PM AEDT| By Team Kalkine MediaHighlights,- ASX share price increased by 5.35% in 2024.,- ASX Ltd recorded revenue growth with a strong gross margin.,- ASX maintains a healthy financial position with low debt and a positive return on equity.,ASX Ltd (ASX:ASX) has seen a positive m...
Bank of Queensland (ASX:BOQ) Rises After Reporting FY24 Financial Results
October 16, 2024 05:56 PM AEDT| By Team Kalkine MediaHighlights,Bank of Queensland share price rose after FY24 results,Statutory profit jumped significantly while cash earnings dropped,NIM showed slight improvement in the second half of FY24,The Bank of Queensland (ASX: BOQ) experienced a rise in its s...
Bank of Queensland Reports $285Mn Profit, Shifts Focus to High-Return Assets
October 16, 2024 05:11 PM AEDT| By Team Kalkine MediaKey Points:,BOQ reported a statutory net profit of $285 million for FY24, despite an 8% decline in total income .,Digital deposits grew by $1.5 billion, highlighting the success of BOQ's investment in digitization, with 26% of retail deposit customer...
Commonwealth Bank Highlights Strong Economic Outlook and Commitment to Regional Presence
October 16, 2024 12:50 PM AEDT| By Team Kalkine MediaHighlights,CBA CEO affirms the soundness of the domestic economy.,$800 million invested in,maintaining,regional banking services.,Leadership changes and executive pay details discussed at the AGM.,Commonwealth Bank of Australia (ASX: CBA) has reaffir...
Hub24 (ASX:HUB) Share Performance Focus After FY25 Q1 Update
October 15, 2024 05:45 PM AEDT| By Team Kalkine MediaHighlights,Hub24 reports record quarterly inflows and rising market share.,Total funds under administration increase significantly year over year.,Strategic partnership formed to enhance alternative investment options.,Hub24 Ltd (ASX: HUB) has shared...
Seek Shares On Investor's Radar as Macquarie Raises Price Target
October 15, 2024 04:23 PM AEDT| By Team Kalkine MediaKey Points,Macquarie raised the price target of SEK by 12% to AU$28.,The company is in exclusive due diligence to acquire Xref for AU$45 million, which analysts say aligns with Seek's strategic objectives.,Macquarie retains an "outperform" rating on...
HUB24 Reports Record Net Inflows in Q1 FY25 Amid Strategic Expansion and Platform Enhancements
October 15, 2024 12:15 PM AEDT| By Team Kalkine MediaKey Points:,HUB24 achieved record Q1 FY25 platform net inflows of $4.0 billion, excluding large migrations.,Total FUA reached $91.6 billion, driven by net inflows and market movements.,Strategic alliance with Reach Alternative Investments expands acc...
Hub24 Reports Strong Quarterly Growth in Inflows
October 15, 2024 11:52 AM AEDT| By Team Kalkine MediaHighlights,Hub24 achieves record-breaking quarterly net inflows.,Funds under administration,grow,to,$113 billion,.,Hub24's stock price has surged over 70% this year.,Hub24 Limited (ASX: HUB), a well-established platform provider, has announced a sign...
ASX Ltd (ASX:ASX) Rises in 2024 with Strong Margins and Tech Growth
October 11, 2024 02:56 PM AEDT| By Team Kalkine MediaHighlights,ASX Ltd shares have risen 3.9% in 2024.,ASX Ltd maintains high margins and strong recurring revenue.,The S&P/ASX200 Info Tech Index outperformed other sectors.,ASX Ltd (ASX:ASX), the operator of Australia’s main securities exchange, has se...
RBNZ Cuts Cash Rate Amid Economic Concerns
October 11, 2024 11:28 AM AEDT| By Team Kalkine MediaHighlights,RBNZ cuts cash rate by 50 basis points to 4.75%.,Concerns rise over potential "triple dip" recession.,Central bank shifts from tightening to easing policy.,The Reserve Bank of New Zealand (RBNZ) has reduced its official cash rate by 50 bas...
Tower Insurance Boosts Earnings Guidance as FY24 Profit Soars
October 11, 2024 11:23 AM AEDT| By Team Kalkine MediaKey Points:,Tower now expects its FY24 underlying NPAT to be around AU$83 million, significantly higher than its initial estimate of over AU$45 million.,The absence of large events allowed Tower to release an additional AU$32 million into its earning...
Tower Insurance: A Rising Star in the Market
October 11, 2024 12:00 AM AEDT| By Team Kalkine MediaHeadlines,Tower offers diverse general insurance products in New Zealand and the Pacific Islands.,The company’s financial performance has improved, enhancing its underlying NPAT significantly.,Tower’s share price has experienced remarkable growth thr...
ASX 200 Flat as Energy Gains Offset Resource Struggles
October 11, 2024 12:00 AM AEDT| By Team Kalkine MediaHeadlines,ASX 200 Benchmark Ends Flat After a Mixed Week,Energy Sees Late Push Amid Crude Oil Price Surge,Health Care and Financials Hold Steady While Resources Lag,The ASX 200 index showed little movement this week, inching up just slightly despite...
Analyzing Commonwealth Bank of Australia (ASX: CBA) Stock Valuation Insights
October 10, 2024 07:41 PM AEDT| By Team Kalkine MediaHighlights,Commonwealth Bank of Australia shares analyzed using valuation tools.,Price-to-earnings (P/E) ratio and Dividend Discount Model (DDM) provide insights on stock value.,Focus on financial statement risks and loan growth when assessing bank s...
Argonaut Strengthens Leadership with New Co-Head of Institutional Sales
October 10, 2024 07:20 PM AEDT| By Team Kalkine MediaHighlights:,Argonaut appoints Digby Gilmour, formerly of Canaccord Genuity, as co-head of institutional sales.,Gilmour's extensive experience in equity markets and mining services bolsters Argonaut's leadership team.,Gilmour is set to join Argonaut i...
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