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News
Shedding light on another World within sight - Virtual Reality
July 24, 2020 11:00 PM AEST| By Team Kalkine MediaSummary Virtual Reality (VR) represents a technology by which computer-aided stimuli creates an immersive illusion of being elsewhere both mentally and physically, ensuring a memorable experience. Virtual space training is no lon.....
How did these LIC Stocks perform amid COVID-19 crisis: MLT, WAM, WGB, WAX, CIE
July 24, 2020 10:46 PM AEST| By Kunal SawhneySummary LICs are a source of gaining exposure to Australian shares, global shares, fixed interest investments and several other investment strategies. As per its lately published annual review 2020, Milton Corporation’s profits plummeted .....
What Brought Cardno Limited Under the Spotlight?
July 24, 2020 08:59 PM AEST| By Kunal SawhneySummary Infrastructure, social and environmental development player Cardno was under the spotlight as its shares skyrocketed by over 50% post the release of its FY2020 guidance update. For FY2020, Cardno expects EBITDA in the range A$41 million.....
An Uncertain Road to ASX Banks’ Dividends
July 24, 2020 02:01 PM AEST| By Team Kalkine MediaSummary Bad debts and loan loss picture for banks continues to remain uncertain due to rapidly evolving pandemic and its impact on economic activity. COVID-19 outbreaks remain largely in Victoria, while all other states have proved to be resili.....
Value versus Volume: Not just the stock but assets as well for Coca-Cola Amatil
July 24, 2020 01:31 PM AEST| By Team Kalkine MediaSummary Coca-Cola Amatil soared above 5% on ASX with daily volume above average annual volume post releasing asset value and trading update. Amatil has indicated that in the wake of adverse COVID-19 impacts, it expects non-cash impairments betw.....
Renascor’s Impressive Reserve Update: Siviour Hosts Largest Reported Graphite Reserve Outside of Africa
July 24, 2020 11:45 AM AEST| By Team Kalkine MediaSummary Renascor’s Siviour Graphite Project is the largest reported total ore graphite reserve ex-Africa and the second largest reported proven reserve of graphite, globally, as confirmed by the updated mineral ore reserve estimate by Opti.....
Australia's Greta Thunberg Moment? Melbourne Student Sues Government
July 23, 2020 09:56 PM AEST| By Kunal SawhneySummary The lawsuit alleges the Commonwealth of Australia and two government officials for failing in their duty to disclose how climate change would impact the value of government bonds. Katta O'Donnell, like many others, has lent government m.....
Earning Bells Ringing for Santos And Cooper Energy
July 23, 2020 09:50 PM AEST| By Hina ChowdharyThe June 2020 quarter earnings results are flooding in on the exchange, and the market seems to have gained momentum with the S&P/ASX 200 index taking a U-turn in late March 2020 from the level of 4,402.50 (intraday low on 23 March 2020) to the.....
Market Update: S&P/ASX200 Closes in Green; NWH Rises 8.631% on ASX
July 23, 2020 09:41 PM AEST| By Team Kalkine MediaThe equity market of Australia closed in green on 23rd July 2020 and the benchmark index S&P/ASX200 went up by 19.4 points to 6094.5. Most of the sectors on ASX ended in green such as S&P/ASX 200 Energy (Sector), which settled at 7,514.0 with...
Australia to record biggest postwar deficit in 2020
July 23, 2020 08:39 PM AEST| By Kunal SawhneySummary Lately, Australia recorded a budget deficit of $86 billion amid COVID-19 and is projected to grow over $184 billion in 2020-21. The official unemployment rate is expected to peak at 9.25% in December quarter, while real GDP is likely to.....
Platina Seeking to Build Portfolio in WA Goldfields, Submits Application for Mt Narryer Project
July 23, 2020 08:13 PM AEST| By Team Kalkine MediaSummary Platina has filed an exploration licence application E 09/2423 covering 165km2, located within the Yilgarn Craton, home to many successful mining operations. The exploration licence at Mt Narryer South lies 300km north-west of the recen.....
SUDA Seeking Participation in $3.56M Capital Raising, Eyeing development of Anagrelide and OroMist Assets
July 23, 2020 08:10 PM AEST| By Team Kalkine MediaSUDA Pharmaceuticals Limited (ASX:SUD), the global leader in reformulating and delivering medication via the oral mucosa is seeking shareholders’ support to participate in the capital raising activity announced in early July 2020. On 3rd Jul.....
Trump Goes COVID-19 Vaccine Shopping, Pumps ~US$2 Billion in Pfizer/BioNTech candidate
July 23, 2020 05:55 PM AEST| By Team Kalkine MediaSummary Trump Administration secures 100 million doses of Pfizer and BioNTech’s vaccine for US$1.95 billion to meet the Operation Warp Speed (OWS) program’s goal of delivering 300 million doses of COVID-19 vaccine in 2021. In May 20.....
BPH Announces Capital Raising to Support Developments at Advent’s PEP 11 Permit, Stock Soars 23.5%
July 23, 2020 04:22 PM AEST| By Team Kalkine MediaAustralia’s diversified player, BPH Energy Limited (ASX:BPH) has concluded a Placement activity and plans to undertake a non-renounceable Rights Issue following the issue of shares under the Placement. Following the key update, BPH’s s.....
Things That Made Investors Pounce on Jio
July 23, 2020 03:40 PM AEST| By Team Kalkine MediaSummary Reliance Industries’ Chairman Mukesh Ambani has seen his net worth soar higher in the recent months, becoming the world’s fifth richest man. Reliance Industries has been aggressively divesting stakes in its digital business, .....
Cyber Espionage Campaign: Strings that tie China, Australia and the US
July 23, 2020 03:19 PM AEST| By Team Kalkine MediaSummary US Justice Department announced indictment alleging two Chinese hackers behind Australia’s cyber- attack. The hackers are alleged to be contractors for the Chinese government, rather than full-fledged spies. Cyber-security attack.....
Aussie Dollar Under Bull Run- What Are Chartists Looking At?
July 23, 2020 02:44 PM AEST| By Team Kalkine MediaSummary After a brief period of moving in a downtrend, the home currency has reversed direction with the price now moving and confirming a trend reversal. The developing price pattern on charts and technical indicators are reflecting that there.....
Market Update: Understanding the Performance of Markets on 22nd July 2020
July 22, 2020 09:01 PM AEST| By Team Kalkine MediaOn 22nd July 2020, the equity market of Australia ended in red, and S&P/ASX200 settled at 6075.1 with a fall of 81.2 points. Most of the sectors on ASX ended in red such as S&P/ASX 200 Consumer Staples (Sector), which moved down by 146.8 poin...
June Retail Sales – 3 Key Trends
July 22, 2020 08:01 PM AEST| By Team Kalkine MediaSummary June retail sales growth was lower compared to a significant rise in the previous month, but the sales turnover was up over 8% compared to the same period last year. There have been two consecutive month sales growth in categories like .....
Iron Ore Price Rally Tail Winds Aid BHP Group Post Strong Performance in FY20
July 22, 2020 07:50 PM AEST| By Team Kalkine MediaSummary The Iron ore rally has supported the share price of many ASX-listed iron ore mining companies. The high prices have prompted many miners to focus on the production scenario to lock in a high price, Fortescue Metals Group Limited (ASX:FM.....
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