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Smartkarma Newswire

Cathay Pacific Airways (293) Earnings: July Passenger Traffic Up 15.1%, Strong Load Factors

By | Earnings Alerts
  • In July 2024, Cathay Pacific experienced a 15.1% increase in passenger traffic.
  • The airline carried 2.01 million passengers during this month.
  • Passenger load factor stood at 85.5% for July.
  • There was a 9.6% increase in cargo and mail transportation.
  • Cathay Pacific transported 126,797 tons of cargo and mail in the month.
  • The cargo and mail load factor was recorded at 58.3%.
  • The current analyst ratings for Cathay Pacific are 11 buys, 2 holds, and 0 sells.

Cathay Pacific Airways on Smartkarma

Analyst coverage of Cathay Pacific Airways on Smartkarma showcases varying sentiments towards the airline’s performance and outlook. Mohshin Aziz maintains a bullish stance, emphasizing Cathay Pacific’s respectable results and attractive valuations in 1HFY24, with a target price of HK$9.90 for a potential 26% upside. Furthermore, Aziz highlights the airline’s exceeding operations, preference share buyback plans, and strong performance, suggesting a value buy opportunity with an identical target price and upside of 24%.

On the contrary, Neil Glynn adopts a bearish view, citing rising inflationary pressure impacting Cathay Pacific’s earnings normalization. Glynn expresses concerns over cost pressures affecting the airline’s forecasts and profitability, which prompt a below-consensus outlook. In contrast, Osbert Tang, CFA, points out multiple positive developments for Cathay Pacific, including enhanced traffic due to visa-free access to China and a steady recovery trajectory, indicating opportunities for the airline’s growth and expansion.


A look at Cathay Pacific Airways Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth5
Resilience2
Momentum4
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Cathay Pacific Airways demonstrates a promising long-term outlook. With a strong Growth score of 5, the company is poised for expansion and increased market presence. Additionally, a Momentum score of 4 suggests that Cathay Pacific Airways is experiencing positive upward trends in its performance. However, the company’s Resilience score of 2 indicates a slightly lower capacity to withstand economic fluctuations. Overall, the Value and Dividend scores both at 3 reflect a moderate position in terms of financial attractiveness and dividend yield.

Cathay Pacific Airways Limited operates scheduled airline services along with related services such as airline catering, aircraft handling, and engineering. Looking ahead, the company’s high Growth and Momentum scores indicate opportunities for future development and sustained performance. While the Resilience score may pose some challenges, the overall outlook for Cathay Pacific Airways appears positive, positioning the company for potential growth and innovation in the airline industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Sands China (1928) Earnings: 1H Net Revenue Hits $3.55B, Adjusted Property EBITDA at $1.17B

By | Earnings Alerts
  • Net Revenue: Sands China reported a net revenue of $3.55 billion for the first half of 2024.
  • Adjusted Property EBITDA: The company’s adjusted property EBITDA stood at $1.17 billion for the same period.
  • Market Sentiment: Analysts provided 22 buy ratings, 1 hold rating, and 0 sell ratings for Sands China.

A look at Sands China Smart Scores

FactorScoreMagnitude
Value0
Dividend1
Growth4
Resilience5
Momentum3
OVERALL SMART SCORE2.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts are optimistic about Sands China‘s long-term prospects as indicated by its Smartkarma Smart Scores. The company scores high in growth and resilience, suggesting a promising future for the integrated resorts, retail malls, and casinos it operates. With a strong outlook for growth, Sands China is positioned well for expansion and development in the coming years.

Additionally, Sands China‘s high score in resilience indicates its ability to weather market fluctuations and challenges effectively. The company’s focus on managing convention and exhibition halls in Macau further strengthens its position in the industry. Although the company’s value score is lower, its overall positive Smart Scores point towards a bright long-term outlook for Sands China.

### Sands China Ltd. develops, owns, and operates integrated resorts, retail malls, and casinos. The Company also manages convention and exhibition halls in Macau. ###


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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China Coal Energy Co H (1898) Earnings: July Sales Volume Hits 23.43M Tons, Up 1.3%

By | Earnings Alerts
  • China Coal’s July sales volume reached 23.43 million tons.
  • Sales volume increased by 1.3% compared to the previous period.
  • Analyst recommendations: 6 buys, 4 holds, and 0 sells.

A look at China Coal Energy Co H Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth5
Resilience4
Momentum5
OVERALL SMART SCORE4.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

In analyzing the long-term outlook for China Coal Energy Co H using the Smartkarma Smart Scores, the company shows a promising future. With top scores in Value, Dividend, Growth, and Momentum, along with a solid score in Resilience, China Coal Energy Co H appears to be well-positioned in various key factors. The company is excelling in value-based metrics, dividend payouts, growth potential, and market momentum, indicating a favorable outlook for investors seeking stability and growth in the energy sector.

China Coal Energy Company Ltd, a company that mines and markets thermal coal and coking coal, also manufactures coal mining equipment and provides coal mine design services. With strong scores across multiple categories according to Smartkarma Smart Scores, China Coal Energy Co H seems to be a well-rounded player in the coal industry, poised for steady growth and performance in the long run.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Hong Kong & China Gas (3) Earnings: 1H Net Income Hits HK$3.04 Billion with Positive Revenue Growth

By | Earnings Alerts
  • Net Income: HK & China Gas reported a net income of HK$3.04 billion for the first half of the year.
  • Revenue: The company’s revenue stood at HK$27.50 billion during the same period.
  • Interim Dividend: An interim dividend of 12 HK cents per share was announced.
  • Analyst Recommendations: The stock received 7 buy ratings, 3 hold ratings, and 1 sell rating from analysts.

Hong Kong & China Gas on Smartkarma

Analyst coverage of Hong Kong & China Gas on Smartkarma reveals insights from Rikki Malik in a report titled “Revisiting Hong Kong Utilities-Time to Sell?“. Malik notes that Hong Kong utilities have shown strong performance, especially in relation to future US interest rate cuts. Revisiting their original call from January 2024, the report highlights the positive absolute and relative performance of Hong Kong utilities, indicating continued support due to market volatility and anticipated interest rate cuts.


A look at Hong Kong & China Gas Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores for Hong Kong & China Gas, the company appears to have a positive long-term outlook. With high scores in Growth and Momentum, it suggests that the company is positioned well for future expansion and has strong market performance. However, the scores for Value and Resilience are relatively lower, indicating some areas where the company may need to focus on improving its strategic positioning and stability.

The Hong Kong and China Gas Company Limited, known for producing, distributing, and marketing gas and gas appliances to a wide range of customers, shows promising signs for future growth and market momentum. With a focus on both residential and industrial segments, as well as involvement in gas projects in China and property management, the company’s diverse portfolio presents potential opportunities for continued success in the energy sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Shanghai International Airport (600009) Earnings: 1H Net Income Hits 814.9M Yuan, Revenue at 6.06B

By | Earnings Alerts
  • Shanghai Airport’s net income in the first half of 2024 was 814.9 million yuan.
  • Revenue for this period totaled 6.06 billion yuan.
  • Earnings per share (EPS) stood at 33 RMB cents.
  • Investment ratings include 20 buys, 3 holds, and 3 sells.

A look at Shanghai International Airport Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth5
Resilience3
Momentum4
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Shanghai International Airport Co., Ltd., the operator of Pudong and Hongqiao airports in Shanghai, is poised for a promising long-term outlook based on the Smartkarma Smart Scores analysis. With a Growth score of 5, the company is expected to see significant expansion and development opportunities in the future. This indicates a strong potential for growth and value creation within the company’s operations. Additionally, the company has scored well in Momentum, highlighting positive market momentum and investor interest in the stock.

While the Dividend and Value scores are moderate at 2 and 3 respectively, indicating average performance in these areas, Shanghai International Airport demonstrates a high level of Resilience with a score of 3. This suggests that the company is well-positioned to weather market uncertainties and challenges. Overall, with a solid Growth score and positive Momentum, Shanghai International Airport appears to have a bright long-term future, supported by its diversified range of aviation-related services.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Bank of Jiangsu (600919) Earnings: 1H Net Income Surges to 18.73B Yuan Amid 0.89% NPL Ratio

By | Earnings Alerts
  • Bank of Jiangsu reported a net income of 18.73 billion yuan for the first half of 2024.
  • The bank’s non-performing loans (NPL) ratio stands at 0.89%.
  • Analysts’ recommendations for the bank’s stock include 22 buys, 0 holds, and 0 sells.

Bank of Jiangsu on Smartkarma

Analyst coverage of Bank of Jiangsu on Smartkarma by Brian Freitas has been positive, with a bullish sentiment reflected in the research report titled “SSE50 Index Rebalance Preview: Financials Continue to Outperform.” In the report, Freitas discusses the potential changes in the SSE50 index for June, estimating a one-way turnover of 7.1% and a significant one-way trade volume. The analysis highlights that potential additions, particularly in the financial sector, have been performing well compared to potential deletions. This suggests a possible positive outlook for Bank of Jiangsu within the index rebalancing context.

Freitas’ report provides valuable insights into the market dynamics surrounding Bank of Jiangsu, indicating a favorable positioning for the bank amidst potential changes in the SSE50 index. The research underscores the outperformance of financial stocks in the inclusion zone and the implications for index arbitrage balances. Investors monitoring Bank of Jiangsu may find Freitas’ analysis on Smartkarma informative and supportive of a bullish stance on the bank’s performance within the broader market context.


A look at Bank of Jiangsu Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts at Smartkarma have provided a positive long-term outlook for Bank of Jiangsu, a commercial bank in China. With solid scores of 5 in both Value and Dividend factors, it indicates the company is deemed favorable in terms of valuation and dividend payouts. Additionally, a Growth score of 4 suggests promising prospects for expansion and development. However, Bank of Jiangsu received a lower score of 2 in Resilience, which may indicate some vulnerability to market fluctuations. Nevertheless, a Momentum score of 4 indicates the company has been showing positive upward trends recently.

Bank of Jiangsu Co., Ltd. is a commercial bank in China that offers various banking services such as deposits, loans, wealth management, and online banking. The company also engages in internet finance activities. With strong scores in Value, Dividend, and Growth, Bank of Jiangsu is positioned well for long-term success, although its lower Resilience score suggests some caution may be warranted. The positive Momentum score indicates that the company is currently on a positive trajectory, which may bode well for future performance.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Pan Pacific International Holdings (7532) Earnings: FY Operating Income Forecast Misses Estimates, But Sales and Dividends Beat Expectations

By | Earnings Alerts
  • Pan Pacific’s forecasted operating income for the fiscal year is 150.00 billion yen, falling short of the estimated 151.74 billion yen.
  • Expected net income for the fiscal year is 86.50 billion yen, which does not meet the anticipated 96.35 billion yen.
  • Forecasted net sales for the fiscal year are 2.22 trillion yen, slightly exceeding the estimate of 2.21 trillion yen.
  • The expected dividend per share is 34.00 yen, surpassing the estimated 29.73 yen.
  • First Half Forecasts:
    • Net sales: 1.12 trillion yen
    • Operating income: 81.10 billion yen
    • Net income: 43.20 billion yen
  • Fourth Quarter Results:
    • Operating income: 29.93 billion yen, up 27% year-over-year (YoY), beating the estimate of 29.58 billion yen
    • Net income: 16.62 billion yen, up 13% YoY, exceeding the estimate of 12.97 billion yen
    • Net sales: 527.70 billion yen, up 10% YoY, above the estimate of 515.41 billion yen
  • Yearly Results:
    • Operating income: 140.19 billion yen, up 33% YoY, surpassing the estimate of 138.8 billion yen
    • Net income: 88.70 billion yen, up 34% YoY, above the estimate of 86.2 billion yen
    • Net sales: 2.10 trillion yen, up 8.2% YoY, marginally higher than the estimate of 2.09 trillion yen
  • Analyst Recommendations: 13 buys, 6 holds, 1 sell

Pan Pacific International Holdings on Smartkarma



Analyst coverage of Pan Pacific International Holdings on Smartkarma is positive and insightful. Michael Causton‘s research reports highlight the success of PPI’s subsidiary, Don Quijote, in attracting customers through discounted daily necessities and tourist toys. The company’s record results and expectations for future growth are driven by inflation pushing customers towards discount chains and increased sales to tourists. Causton emphasizes PPI’s expansion of private brand lines and food offerings as contributing factors to its strong performance.

In another report, Michael Causton discusses how PPI’s acquisition of Uny has revitalized the retailer’s performance by leveraging Don Quijote’s merchandising strategies and empowering staff with autonomy. Despite initial doubts about the acquisition, Uny is now showing renewed relevance under PPI’s management. The key to success lies in implementing Donki store principles, such as giving employees freedom and responsibility, leading to improved store profitability. The analyst sentiment is notably bullish on PPI’s growth prospects both domestically and internationally.



A look at Pan Pacific International Holdings Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience2
Momentum3
OVERALL SMART SCORE2.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts at Smartkarma have provided a holistic view of Pan Pacific International Holdings, offering insights into its long-term potential. The company, known for operating discount stores in Tokyo, has received mixed Smart Scores across different factors. While the company’s Growth score of 4 indicates strong potential for expansion and development, the scores for Value, Dividend, Resilience, and Momentum range between 2 and 3, suggesting room for improvement in these areas.

Considering the overall Smart Scores, Pan Pacific International Holdings seems to have a promising future, particularly in terms of growth opportunities. However, investors may want to keep an eye on increasing the value proposition, resilience, and momentum of the company to enhance its long-term performance and competitiveness in the market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Petronas Chemicals Group (PCHEM) Earnings: 2Q EPS Surpasses Estimates with 10 Sen

By | Earnings Alerts
  • Petronas Chemicals reported their earnings for the second quarter of 2024.
  • The Earnings Per Share (EPS) was 10 sen, surpassing the estimated 9 sen.
  • The net income for the quarter was 777.0 million ringgit.
  • Total revenue reported was 7.73 billion ringgit.
  • Analyst recommendations include 1 buy, 8 holds, and 10 sells.

A look at Petronas Chemicals Group Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth3
Resilience4
Momentum2
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores analysis, Petronas Chemicals Group Bhd. shows a moderate outlook for its overall performance. With balanced scores of 3 in Value, Dividend, and Growth factors, the company seems to be positioned averagely in terms of its financial health and potential for growth. However, it excels in Resilience with a score of 4, indicating its ability to weather market challenges effectively. This aspect suggests that Petronas Chemicals Group is well-equipped to handle economic uncertainties and disruptions.

On the downside, the company’s Momentum score is rated at 2, indicating a relatively weaker performance in terms of market momentum and investor sentiment. Despite this, Petronas Chemicals Group Bhd. remains a strong player in the chemical industry, offering a diversified portfolio of petrochemical products that cater to various sectors. With a focus on olefins, polymers, fertilisers, methanol, and other basic chemicals and derivative products, the company continues to play a significant role in the market while striving for steady growth and resilience.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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ASX Ltd (ASX) Earnings: FY Ebit Meets Estimates with A$604.8 Million

By | Earnings Alerts
  • Earnings Before Interest and Taxes (Ebit): A$604.8 million, meeting the estimate of A$609.8 million.
  • Final Dividend Per Share: A$1.068.
  • Operating Revenue: A$1.03 billion, just shy of the A$1.04 billion estimate.
  • Operating Expenses: A$392.5 million.
  • Total Expenses: A$429.5 million.
  • Analyst Recommendations: 1 buy, 9 holds, and 2 sells.

ASX Ltd on Smartkarma




Analyst Coverage of <a href="https://smartkarma.com/entities/asx-ltd">ASX Ltd</a> on Smartkarma

On Smartkarma, independent analyst Daniel Tabbush has published a bearish analysis on ASX Ltd titled “ASX – Listed Companies in Decline, Costs Soaring, Weaker Profit Can Be Dramatic.” Tabbush notes that ASX is experiencing a decline in listed companies, with higher average turnover and increased secondary capital raising not translating fully to the bottom line. Costs for ASX are remaining high, with a significant rise in capital expenditure. Despite some positives such as average daily turnover and secondary listings, the impact of higher costs has prevented these positives from fully reflecting in the financial results. Tabbush highlights that costs as a percentage of revenue have risen to 40% in the first half of 2024, up from 29% in prior interim periods. With planned capex and inflationary pressures on staff costs, ASX’s net profit for the current and upcoming years could be under notable pressure.



A look at ASX Ltd Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
Resilience4
Momentum4
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

ASX Ltd, the operator of Australia’s primary stock exchange, shows a promising long-term outlook based on its Smartkarma Smart Scores. With a solid Resilience score of 4 and Momentum score of 4, the company appears well-positioned to weather market fluctuations and maintain its growth trajectory. Additionally, ASX Ltd scores a respectable 3 on both the Dividend and Growth factors, indicating a balanced approach to rewarding investors and pursuing expansion opportunities. While the Value score of 2 suggests some room for improvement in terms of undervaluation, the overall scores paint a positive picture for ASX Ltd‘s future prospects.

ASX Ltd, a demutualized company running Australia’s primary stock exchange, is assessed using Smartkarma Smart Scores to evaluate its future outlook. Operating key markets for equities, derivatives, and fixed-interest securities, ASX Ltd leverages advanced technology for efficient trading and settlement processes. The company’s strong Resilience and Momentum scores, along with solid scores in Dividend and Growth factors, indicate a robust foundation for sustained performance. By focusing on enhancing its value proposition, ASX Ltd stands poised to capitalize on growth opportunities and deliver value to its stakeholders in the long run.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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National Australia Bank (NAB) Earnings: 3Q Unaudited Cash Profit Reaches A$1.75B

By | Earnings Alerts
  • Cash Profit: NAB reported an unaudited cash profit of A$1.75 billion for the third quarter of 2024.
  • Statutory Net Profit: The bank registered an unaudited statutory net profit of A$1.9 billion.
  • Capital Strength: NAB’s Common Equity Tier 1 (CET1) ratio stood at 12.6%.
  • Credit Impairment Charges: The company recorded credit impairment charges amounting to A$118 million.
  • Interest Margin: NAB’s net interest margin remained stable during the period.
  • Analyst Recommendations: Analyst recommendations comprised 2 buys, 7 holds, and 7 sells.

A look at National Australia Bank Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, National Australia Bank shows a promising long-term outlook. With solid scores in Dividend, Growth, and Momentum, the company is positioned well for future performance. Its strong performance in these areas indicates stability in dividends, potential for growth, and positive market momentum.

Although the Value score is moderate and the Resilience score is lower, the overall picture painted by the Smart Scores suggests that National Australia Bank is in a good position to capitalize on growth opportunities. As an international banking group offering a diverse range of financial services, the company’s strategic presence in various regions provides a solid foundation for long-term success in the industry.

Summary: National Australia Bank Limited, an international banking group, operates across several continents providing a wide range of financial services. With a mix of steady dividends, growth prospects, and positive market momentum, the company appears to have a promising outlook for long-term performance.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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