In today’s briefing:
- Airtasker Ltd – Media deals drive positive revenue trends
- Iron Ore Tracker (04-Mar-2025): PMI Rebound And China TSF Looking Good, All Eyes On NPC
Airtasker Ltd – Media deals drive positive revenue trends
- Airtasker Limited (ASX:ART) is an online marketplace for local services, connecting people and businesses who need work done with people who want to work.
- ART’s reported H1 FY25 results are messy, with a number of non-cash items including media capital spend distorting reported numbers.
- On an adjusted basis revenue growth was 11%, with Airtasker marketplace growth closer to 15%.
Iron Ore Tracker (04-Mar-2025): PMI Rebound And China TSF Looking Good, All Eyes On NPC
- The Trump administration’s announcement of a 60% tariff on Chinese steel imports affected the market sentiment, leading to a 3% decline in iron ore prices last week.
- China’s Manufacturing PMI rose to 50.2 in February, surpassing the expected 49.9, while the record Total Social Financing in January also contributed significantly to this positive outlook.
- Iron ore prices can remain rangebound (95-110 USD/ton), with the positive demand-side catalysts from China outweighing the long-term supply fears from Rio’s Simandou project.
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