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Highlights:
- The Australian benchmark index S&P/ASX200 was down 2.15% in the last one year as of Friday, 14 April 2023.
- Despite the overall decline in the benchmark index, many index constituents have outperformed the index by a wide margin in the last one year.
- Here are three ASX 200 index stocks that have risen over 60% in the last one year.
The Australian benchmark index S&P/ASX200 has fallen 2.15% in the last one year as of Friday, 14 April 2023. There are three ASX 200 stocks--Telix Pharmaceuticals Limited (ASX:TLX), Liontown Resources Limited (ASX:LTR) and New Hope Corporation Limited (ASX:NHC) --which have outperformed the benchmark index during the same time frame.
Let's scan these three ASX stocks- TLX, LTR and NHC.
Telix Pharmaceuticals Limited (ASX: TLX)
Domiciled in Melbourne, the commercial-stage biopharma company’s share price increased by 3.758% at AU$7.730 on Friday. In the last one year, the TLX stock has gained 65.52%, whereas, on a YTD basis, it has increased 6.3%.
For FY22 ended 31 December 2023, the company’s total revenue grew to AU$160.1 million from AU$7.6 million in pcp due to the commercial launch of Illuccix ® while net loss after tax rose to AU$104.1 million from AU$80.5 million in pcp, reflecting a period of investment to scale-up commercial and clinical activities.
During the reported period, TLS inked a licencing deal with Lilly for the exclusive worldwide rights to advance and commercialise radiolabelled forms of Lilly’s olaratumab antibody for the diagnosis and treatment of human cancers.
Liontown Resources Limited (ASX: LTR)
The base and precious metals explorer and developer ended Friday’s session 0.366% lower at AU$2.720. On a YTD basis, the stock has risen 106%, whereas in the last one year it has grown 63.85%.
In the quarterly activities report for the December 2022 quarter, LTR mentioned the progress in construction work at Kathleen Valley with substantial initial landmark attained on schedule. Civil contracts were granted, and foundations for the SAG Mill and Fine Ore Bin started and are now moving ahead and is on time. A purchase power agreement was executed, and consent was gained for a AU$25 million guarantee facility from Export Finance Australia, the company mentioned in the quarterly activities report.
On the financial front, as of 31 December last year, LTR’s cash balance stood at AU$384 million, and it had an undrawn AU$300 million debt facility with Ford Motor Company.
New Hope Corporation Limited (ASX: NHC)
The diversified ASX energy stock ended Friday 1.694% lower at AU$5.800. In the last one-year period, the stock has appreciated by 68.60%, but on a YTD basis, it is down by 8.8% as of market close on Friday, 14 April.
In 1HFY23 ended 31 January this year, NHC reported total revenue 54% up to AU$1.582 million from AU$1.025 million in pcp. NPAT for the period was AU$669.4 million, a 103% increase from pcp. For the interim period, NHC’s board declared 100% franked 30 cps distribution and a special dividend of 10 cps, which will be paid on 3 May this year. It has an ex-dividend date of 18 April 2023.
During the reported period, NHC generated 3.2Mt of saleable coal, a decrease of 1.2Mt in pcp. The Bengalla Mine experienced localised flooding that caused disruption to site operations and throughout the Hunter Valley logistics chain. The average sales price attained in 1HFY23 was AU$467.4/t, representing a rise of 142.9% against AU$192.4/t in pcp.
