Australian Stock Markets
The benchmark S&P/ASX 200 (Index: AXJO) (ASX:
XJO) looks set for another day in the red.
In afternoon trade the index has sunk lower by 0.4% to 5,830 points.
Four shares that have defied the market and climbed higher are listed below. Here’s why they have surged higher:
The Cochlear Limited (ASX: COH) share price has pushed 3% higher to $176.75.
Although the implantable hearing device manufacturer disappointed the market with its half-year result yesterday, one broker saw enough promise to upgrade its shares.
According to a note out of Citi, its analysts have upgraded Cochlear to a neutral rating from sell and given its shares an increased price target of $175.00.
The Computershare Limited (ASX: CPU) share price is 5.5% higher at $17.40 following the release of its half-year results.
The market appears to be pleased with the company’s 12.4% increase in revenue to $1,123 million and 20% increase in management EBITDA to $289.6 million.
Key drivers of this growth were its US mortgage services operations and an increase in event activity in the stakeholder relationship management business.
The CSL Limited (ASX: CSL) share price has raced 5.5% higher to $149.83.
This morning the biotherapeutics company reported a 35% increase in half-year net profit after tax to US$1.1 billion.
The impressive result was driven by strong sales growth across major product lines and a number of new products being approved during the half.
I think this demonstrates why CSL is one of the highest quality businesses on the ASX.
The Orora Ltd (ASX: ORA) share price has climbed 3.5% to $3.30 after the packaging company released its half-year results.
Orora delivered a 14.8% increase in net profit after tax before significant items to $105.7 million.
Management pointed to higher volumes in its Glass and Fibre segments as playing a key role in its strong first-half performance.
Whilst I felt this was a strong result, I thought its guidance was a touch soft.
Missed these gains and in need of a lift? Then don't miss out on these exciting shares.
The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018
We're living in one of the most exciting times in investing history.
Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich.
Now more than ever, one small, smart investment could make a huge difference to your wealth.
That's why at The Motley Fool we've been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Cochlear or REA Group.
In afternoon trade the index has sunk lower by 0.4% to 5,830 points.
Four shares that have defied the market and climbed higher are listed below. Here’s why they have surged higher:
The Cochlear Limited (ASX: COH) share price has pushed 3% higher to $176.75.
Although the implantable hearing device manufacturer disappointed the market with its half-year result yesterday, one broker saw enough promise to upgrade its shares.
According to a note out of Citi, its analysts have upgraded Cochlear to a neutral rating from sell and given its shares an increased price target of $175.00.
The Computershare Limited (ASX: CPU) share price is 5.5% higher at $17.40 following the release of its half-year results.
The market appears to be pleased with the company’s 12.4% increase in revenue to $1,123 million and 20% increase in management EBITDA to $289.6 million.
Key drivers of this growth were its US mortgage services operations and an increase in event activity in the stakeholder relationship management business.
The CSL Limited (ASX: CSL) share price has raced 5.5% higher to $149.83.
This morning the biotherapeutics company reported a 35% increase in half-year net profit after tax to US$1.1 billion.
The impressive result was driven by strong sales growth across major product lines and a number of new products being approved during the half.
I think this demonstrates why CSL is one of the highest quality businesses on the ASX.
The Orora Ltd (ASX: ORA) share price has climbed 3.5% to $3.30 after the packaging company released its half-year results.
Orora delivered a 14.8% increase in net profit after tax before significant items to $105.7 million.
Management pointed to higher volumes in its Glass and Fibre segments as playing a key role in its strong first-half performance.
Whilst I felt this was a strong result, I thought its guidance was a touch soft.
Missed these gains and in need of a lift? Then don't miss out on these exciting shares.
The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018
We're living in one of the most exciting times in investing history.
Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich.
Now more than ever, one small, smart investment could make a huge difference to your wealth.
That's why at The Motley Fool we've been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Cochlear or REA Group.
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