FINANCIAL NEWS
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Bell Potter rates APE as Buy
Bell Potter has lowered its earnings estimates for Eagers Automotive post AGM, the trading update from Peter Warren Automotive ((PWR)), and the VFacts delivery data for May.
Profit before tax forecasts are trimmed by -2% and -3% for 2026 and 2027, respectively, placing the estimates only marginally above consensus, according to the analyst.
The update assumes lower margins for CanadaOne. Regarding EPS forecasts, there is no change to 2026, but downgrades for 2027 and 2028 of -4% and -5%, respectively.
DPS forecasts are also cut until there is more certainty around the payout ratio post CanadaOne. Target price slips to $28.00 from $28.75 with no change to the Buy rating.
Morgans rates CVL as Buy
Morgans observes recent contract awards, including Iluka Resources' Eneabba rare earths refinery project, have lifted Civmec's order book to a record $1.5bn and strengthened earnings visibility.
It's felt the company is entering an earnings upgrade cycle after subdued activity in FY25 and first-half FY26. The broker forecasts FY27 revenue of $1bn, supported by growing exposure to mining, energy, infrastructure and defence projects.
The analyst's earnings forecasts for FY27 and FY28 have been raised following recent wins, while Civmec's strong balance sheet and maintenance growth strategy provide additional support. Morgans retains a Buy rating and lifts its target to $2.30 from $2.00.
Citi rates DXS as Neutral
Dexus has updated further on the matter with APAC as the NSW Supreme Court extends the injunction until June 22.
The REIT has confirmed key executives have been stood down and financial advisers dismissed. Quantifying the potential loss is uncertain at this stage.
Separately, an infrastructure funds review is being undertaken, which contributes around $35m in management fees and represents a meaningful share of total earnings, Citi observes.
The broker assesses the current -40% discount to net tangible assets at which the stock is currently trading at, at least partially reflects the challenges and provides some valuation support at current levels. Neutral rating and $6.50 target.
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ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
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ANZ | ANZ GROUP HOLDINGS LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
$34.12 08 Jun | 0.000 OPEN $34.12 | 0.000 HIGH $34.12 | 0 LOW $34.12 |
| TARGET | |||
| $34.6421.5% upside | |||
| Franking for last dividend paid out: 75% |
| Title | FY24 Actual | FY25 Actual | FY26 Forecast | FY27 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | 198.2 | 246.8 | xxx |
| DPS (cps) | xxx | 166.0 | 166.8 | xxx |
| EPS Growth | xxx | - 9.1% | 24.5% | xxx |
| DPS Growth | xxx | 0.0% | 0.5% | xxx |
| PE Ratio | xxx | N/A | 13.9 | xxx |
| Dividend Yield | xxx | N/A | 4.9% | xxx |
| Div Pay Ratio(%) | xxx | 83.8% | 67.6% | xxx |
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THE MARKETS
Australia
09 June 2026 Updated : 20:12 AEDT
SPI Overnight
8533.00
+23.00
0.27%
NZ50
13204.080
+165.840
1.270%
All Ordinaries
8824.80
-31.10
-0.35%
S&P ASX 200
8604.20
-20.90
-0.24%
S&P ASX 300
8543.80
-23.10
-0.27%
Communication Services
1652.10
+27.80
1.71%
Consumer Discretionary
3573.00
+47.80
1.36%
Consumer Staples
12185.40
+178.80
1.49%
Energy
10554.10
-20.30
-0.19%
Financials
8997.30
+2.60
0.03%
Health Care
23534.80
+307.60
1.32%
Industrials
8265.40
+69.90
0.85%
Info Technology
1898.00
-11.30
-0.59%
Materials
23918.50
-567.90
-2.32%
Real Estate
3576.10
+41.20
1.17%
Utilities
9745.00
-8.30
-0.09%
A-REITs
1664.00
+19.30
1.17%
All Technology Index
3019.50
-2.00
-0.07%
Banks
3802.30
-14.40
-0.38%
Gold Index
15324.80
-640.80
-4.01%
Metals & Mining
8270.20
-209.20
-2.47%
World
09 June 2026 Updated : 20:12 AEDT
CAD/USD
0.7175
+0.00
0.06%
EUR/JPY
185.22
+0.96
0.52%
EUR/USD
1.1562
+0.00
0.40%
GBP/USD
1.3388
+0.01
0.44%
USD/JPY
160.20
+0.21
0.13%
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09 June 2026 Updated : 20:12 AEDT
Amcor (US)
37.82
-0.31
-0.81%
Newmont (US)
98.99
-0.72
-0.72%
Rio Tinto (UK)
7615.00
+9.00
0.12%
BHP Group (US)
83.70
+0.98
1.18%
Rio Tinto (US)
100.93
+0.24
0.24%
ResMed (US)
193.14
-2.90
-1.48%
South32 (UK)
241.00
-2.60
-1.07%
James Hardie (US)
22.49
-0.17
-0.75%
Janus Henderson (US)
51.82
+0.06
0.12%
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CALENDAR
Wednesday, 10 June 2026
JP May PPI CH May PPI US May CPI GQG May update TEA ex-div 10.00c (100%) TWR ex-div 4.10c WES investor briefing Thursday, 11 June 2026
EZ ECB Rate US Jobless Claims US May PPI CIA ex-div 2.02c LNW AGM ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$27.05REA REA GROUP LIMITED 
$152.58RMD RESMED INC $28.00TNE TECHNOLOGY ONE LIMITED $32.56WOW WOOLWORTHS GROUP LIMITED $36.48WEEKLY PDF
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