Market Update: ASX200 flat, Seven Group eyes Boral, Westpac up despite profit fall

The Market Herald02-19

The ASX200 has been trading quite flat this morning, but a couple of sectors have taken a hit. Real estate has been down nearly three per cent and IT by nearly 1.2 per cent – indeed the all-technology...

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The bank blames hedge accounting items that it reports will reverse in time.The A2 Milk Company  is up 16 per cent on half-yearly results showing 3.7 per cent revenue growth and five per cent EBITDA growth. Shares have been trading at $5.87.Little Green Pharma  has withdrawn offers under a Prospectus to separate its subsidiary Reset Mind Sciences. UK funds were b","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"ALD.AU":"AMPOL LTD","WBC.AU":"WESTPAC BANKING CORPORATION","BK7095":"多种金属与采矿","BK7096":"制药","I88.AU":"Infini Resources Limited","BK7502":"大麻概念","BK7135":"综合性银行","A2M.AU":"A2 MILK CO LTD","BK7044":"建筑材料","BK7057":"人力资源与就业服务","AUQ.AU":"ALARA RESOURCES LTD","SVW.AU":"SEVEN GROUP HOLDINGS LTD","BK7505":"食品股","BK7511":"ESG概念","APM.AU":"APM Human Services International Pty","BLD.AU":"BORAL LTD","HAR.AU":"HARANGA RESOURCES LTD","BK7031":"贸易公司与经销商","BK7141":"包装食品与肉类","LGP.AU":"LITTLE GREEN PHARMA LTD","BK7065":"石油与天然气的炼制和营销"},"translate_title":"市场更新：ASX200持平，Seven Group关注博拉尔，西太平洋银行上涨，尽管利润下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALD.AU":1,"WBC.AU":1,"SVW.AU":1,"LGP.AU":1,"I88.AU":1,"HAR.AU":1,"BLD.AU":1,"AUQ.AU":1,"APM.AU":1,"A2M.AU":1},"content_text":"The ASX200 has been trading quite flat this morning, but a couple of sectors have taken a hit.\nReal estate has been down nearly three per cent and IT by nearly 1.2 per cent – indeed the all-technology index took a fall in early trade, losing about 0.65 per cent.\nShares in APM Human Services International (ASX:APM)– which has former WA premier Mark McGowan and other big names on its advisory board – surged more than 50 per cent this morning due to an acquisition approach by CVC Asia Pacific.\nIn recent weeks APM made headlines due to its weak profit outlook and its share price has plunged since its $3.55 IPO just over two years ago.\nThe board is rejecting CVC Asia Pacific’s proposal, deeming it undervalued.\nAPM has been trading at $1.24.\nSeven Group Holdings (ASX:SVW), led by the Stokes family, aims to acquire the remaining 28.4 per cent of Boral (ASX:BLD), offering $1.50 in cash plus 0.1116 SGH shares per Boral share in a deal valuing shares at up to $6.25.\nBoral’s board is asking shareholders to await guidance.\nBLD has been trading up nearly four per cent at $6.08.\nWestpac (ASX:WBC) has been trading up 2.4 per cent despite its December update revealing a six per cent decline in unaudited net profit to around $1.5 billion. The bank blames hedge accounting items that it reports will reverse in time.\nWBC has been trading at $25.16.\nThe A2 Milk Company (ASX:A2M) is up 16 per cent on half-yearly results showing 3.7 per cent revenue growth and five per cent EBITDA growth. Shares have been trading at $5.87.\nAnd fuel retailer Ampol (ASX:ALD) has been up more than 1.4 per cent after achieving a statutory NPAT of $549 million for full year 2023 and paying an a $1.20 final dividend as well as a 60 cent special dividend.\nAmpol has been trading at around $38.12.\nA look at some smaller players now and Haranga Resources (ASX:HAR) has lifted about 10 per cent after restarting RC drill rigs at its Saraya project in Senegal, West Africa. The company expects first-round assays by late March.\nHAR last traded at 18 cents.\nInfini Resources (ASX:I88) has expanded the acreage at its Portland Creek project, adding additional radiometric targets to its portfolio.\nThe company has staked an additional 40km2-plus  of prospective uranium acreage at Portland Creek in Canada.\nI88 has been trading at 26 cents.\nAnd, Alara Resources (ASX:AUQ) has updated hot commissioning activities for its copper-concentrator plant being constructed by its joint venture company, Al Hadeetha Resources, at in Oman. While there have been some technical difficulties with a tailings filter press, finely ground concentrate cakes were achieved within a week.\nAUQ last traded at 3 cents.\nAnd before we go…\nLittle Green Pharma (ASX:LGP) has withdrawn offers under a Prospectus to separate its subsidiary Reset Mind Sciences. UK funds were blocked from investing as psychedelic-assisted psychotherapy is not permitted in the United Kingdom, limiting Reset’s ability to be listed there.\nLGP last traded at 13.5 cents.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2412978524"}