Archives

  British-Swedish multinational pharmaceutical major AstraZeneca PLC (LON: AZN) seems to be mired in difficulties from all sides. On one side, the EU has been threatening the company to stop the export of its coronavirus vaccine to other coun...

• January 27, 2021 11:07 PM AEDT
• Team Kalkine

Last year, retail investors got a jolt when Chinese regulatory authorities abruptly suspended the much-awaited Ant Group's IPO, which was expected to be the biggest in history. However, the latest statement by the governor of Chinese central bank ...

• January 27, 2021 07:23 PM AEDT
• Team Kalkine

The retirement village sector has performed strongly and stayed relatively resilient from COVID-19 in 2020. The sector has been surging, driven by retiring baby-boomer population, increasing demand, and soaring house prices. As the retirement sect...

• January 27, 2021 09:07 PM NZDT
• Team Kalkine

Summary Jason Bull to be the new Chief Operating Officer from February 1. He will be in charge of taking the Company to the next level of development, wherein it needs to operate in a more cost-effective manner. He retains his CFO functions as...

• January 27, 2021 08:35 PM NZDT
• Team Kalkine

As President Xi Jinping declared in September that China intends to go carbon-neutral by 2060, the country's steel industry will play a vital role. The sector may shift towards hydrogen-based technology and upgrade its facilities to support the p...

• January 27, 2021 06:30 PM AEDT
• Team Kalkine

Summary Due to strong dairy commodity prices, Synlait Milk Limited has revised its forecast for base milk price to NZ$7.20 kgMS from NZ$6.40 kgMS. Prices in fortnightly dairy auctions have also risen since the last few times. Farmers to benefi...

• January 27, 2021 08:03 PM NZDT
• Team Kalkine

On January 27, 2021, NZX 50 ended the session in green as there was a rise of 0.38% to 13,374 and NZX 20 increased by 0.24% to 8,780. Also, NZX 10 rose by 0.13% to 13,643. Consumer Non-cyclicals sector rose by 2.34% and real estate sector increased b...

• January 27, 2021 07:23 PM NZDT
• Team Kalkine

On 27 January 2021, Livestock Improvement Corporation (NZX:LIC) posted its half-year financial results for 6 months ended 30 November 2020. The result showed strong performance of the cooperative with enhanced revenue and underlying earnings. Some o...

• January 27, 2021 07:13 PM NZDT
• Team Kalkine

GameStop shares rose significantly in the after-hours trading in the US on Tuesday. A market frenzy has broken in the US markets yet again, similar to what we saw with Hertz last year. Millennials and social media groups, especially from Reddit, ha...

• January 27, 2021 04:52 PM AEDT
• Hina Chowdhary

Summary It was been announced that Senior Trust Retirement Village Fund shall soon be delisted from the NZSX main board. The units shall cease to be quoted from the 3 February 2021, with the last trading day to be 1st February 2021. Recently, ...

• January 27, 2021 06:45 PM NZDT
• Hina Chowdhary

Mega tech players including Google's parent company Alphabet, Facebook and Microsoft have been ruling the technology and digital space for years. The pandemic has further deepened reliance on their products/services, with people all around the worl...

• January 27, 2021 04:30 PM AEDT
• Team Kalkine

Summary New Talisman Gold Mines Limited signed a binding option to acquire Broken Hills Historic Gold Mine Limited, privately-owned underground gold mine in NZ. MTL shares witnessed an uptick of 20% on 27 January 2021 post the announcement. Th...

• January 27, 2021 05:22 PM NZDT
• Hina Chowdhary

The uncertainty surrounding the rollout of the Coronavirus vaccine has prompted the Prime Minister Jacinda Ardern to warn that the New Zealand border will likely remain as is for the rest of 2021. Currently, the border is closed to all non-NZ citi...

• January 27, 2021 03:14 PM AEDT
• Mark O'Donnell

California-based SpaceX has set a world record for the largest number of satellites launched into space in a single mission. Calling it a “SmallSat Rideshare” mission, SpaceX launched its Falcon 9 rocket on Sunday, after the initial mis...

• January 27, 2021 02:45 PM AEDT
• Kunal Sawhney

The consumer prices soared 0.9 per cent in the December quarter even as the Australian economy suffered the economic fallout from the COVID-19 pandemic in 2020. In the September quarter, inflation stood at 0.7 per cent.  Image Source: Shutt...

• January 27, 2021 01:47 PM AEDT
• Hina Chowdhary

Summary Seeka has issued a special 12 cps dividend on the back of an excellent recent financial performance. F&C Investment Trust has dipped into its savings to issue 6 cps dividend for its underperforming portfolio. Turners Automotive Gro...

• January 27, 2021 03:42 PM NZDT
• Mark O'Donnell

Summary Blis Technologies collaborates with RooLife to launch their new probiotic range in the online Chinese market. This is the fourth online store of its kind in the past four months managed by RooLife, for the Alibaba Tmall marketplace. As...

• January 27, 2021 03:32 PM NZDT
• Kunal Sawhney

United States President Joe Biden is planning to impose a travel ban on most of the non-US citizens entering the country from select places where new virus strains have cropped up. The travel ban is expected to mitigate the spread of the new varian...

• January 27, 2021 12:56 PM AEDT
• Team Kalkine

Meridian Energy Limited (NZX:MEL, ASX:MEZ) has stayed relatively resilient from the COVID-19 impact as the product created and sold by MEL is needed by everyone. The Group witnessed a significant drop in demand for electricity during the Level 4 loc...

• January 27, 2021 02:47 PM NZDT
• Kunal Sawhney