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-- 358.180 AU Morning Wrap: Collins Foods dives 12%; Woodside drops on output guidance miss
G'day, mooers! Check out the latest news on today's stock market!
• S&P 500 falls, Fed officials stay hawkish
• ASX 200 fell 0.4 per cent, weighed down by losses across the energy sector
• Stocks to watch: Collins Foods, Woodside Energy, Fisher & Paykel Healthcare
- Moomoo News AU
Wall Street Summary
US stocks fell as Federal Reserve policymakers reiterated calls for higher interest rates.
US stocks fell as Federal Reserve policymakers reiterated calls for higher interest rates.
The $S&P 500 Index (.SPX.US)$ dropped 62 points or 1.54 per cent. The $Dow Jones Industrial Average (.DJI.US)$ lost 498 points or 1.45 per cent. The $Nasdaq Composite Index (.IXIC.US)$ gave up 177 points or 1.58 per cent.
AU Market Watch
The $S&P/ASX 200 (.XJO.AU)$ fell 0.38 per cent in the opening minutes of trade, weighed down by losses across the energy sector.
Collins Foods slumped 12.6 per cent to $8.78 after reporting a decline in its half-year profit.
Woodside Energy dropped 4.1 per cent to $35.44 after releasing lower-than-expected production guidance for 2023.
Santos fell 0.7 per cent to $7.20 after announcing that its John Brookes platform will be temporarily shutdown due to a small gas leak.
Fisher & Paykel Healthcare jumped 7.9 per cent to $20.71 after beating revenue guidance for the six months ended 30 September 2022.
Stocks to Watch:
$Collins Foods Ltd (CKF.AU)$: Collins Foods reported a statutory net profit after tax (NPAT) of $11 million for the half year ended October 16, down from the $26.4 million reported in the prior corresponding period (pcp).
This year's result included an $11.9 million after-tax, non-cash impairment of eight Taco Bell restaurants.
Underlying NPAT was down 14.2 per cent to $24.8 million.
Revenue increased 15 per cent to $614.3 million for the period, while statutory EBITDA edged higher to $93.4 million.
The company declared a fully franked interim dividend of 12¢ a share, unchanged from the pcp.
$Santos Ltd (STO.AU)$: Santos has advised that a small gas leak has been identified in a subsea flange on the main gas trunkline from the John Brookes platform off Western Australia to the Varanus Island gas processing facilities.
The leak was observed during routine activities on the normally unstaffed facility, the company said.
$Sonic Healthcare Ltd (SHL.AU)$: Sonic Healthcare has agreed to invest $17.8 million to acquire a 19.99 per cent shareholding in precision microbiome company Microba.
Sonic is also seeking to acquire options for an additional 5 per cent equity position, subject to shareholder approval. Exercise of the options by Sonic would result in a further investment of $7.5 million in Microba.
$Woodside Energy Group Ltd (WDS.AU)$: Woodside Energy has provided 2023 guidance after completing a review of its corporate plan.
The company's full-year capital expenditure guidance is $US6 billion to $US6.5 billion.
Full-year production guidance is set at 180 million to 190 million barrels of oil equivalent.
$Brickworks Ltd (BKW.AU)$: Santos has signed a new agreement with Brickworks to supply gas to its east coast operations for an additional 11 years, with the potential for additional extensions options beyond that.
The new agreement will start in January 2025.
The deal provides long-term security of affordable gas supply for Brickworks, and support Santos’ investment in more gas supply for the east coast market.
$Fisher & Paykel Healthcare Corp Ltd (FPH.AU)$: Fisher & Paykel Healthcare reported operating revenue of $NZ690.6 million for the six months ended 30 September 2022, above the $NZ670 million guided by the company in its August trading update.
While revenue was down 23 per cent on the first half of the prior year, this was a 21 per cent increase on the comparable pre-pandemic period.
Dividends Paid: $Sky Network Television Ltd (SKT.AU)$, $Champion Iron Ltd (CIA.AU)$
Commodities
• Iron ore futures rose 0.3% to US$93.30 a tonne.
The China Security Regulatory Commission (SCRC) said it will adjust and optimise five measures in terms of equity financing for property development.
China's CITIC Bank signed strategic cooperation agreements with ten real estate companies to meet their "reasonable financing needs".
• Oil reversed a 3.5% decline to finish the session around breakeven.
European countries failed for a third time in reaching an agreement on a G7 oil price cap for Russian exports. The cap is supposed to go live on 5 December - Bloomberg.
• Gold prices eased 0.8% to US$1,740 an ounce following hawkish comments from the Fed. Prices are down 2.6% from their mid-November peak of US$1,765.
Source: Dow Jones Newswires, AFR
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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