As of the close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 7,049.40 points, up 1.04% in the past 5 days.
1. $Elders(ELD.AU)$ skyrocketed 19.09% after releasing surprising FY 2023 results
Achieved a 16% return on capital and a strong cash flow.
Declared a 23 cents per share dividend, offering a 6.6% yield.
CEO aimed for growth despite ongoing market challenges in FY 2024.
2. $Cromwell Corp(CMW.AU)$ added 14.67%
Cromwell Corporation operates as a real estate investment trust. The Company owns and develops commercial properties.
As there is no price-sensitive news related to Cromwell, the stock may rebound with the broader market after the sell-off.
3. $Centuria Capital Ltd(CNI.AU)$ surged 14.23% on new deal
It climbed 11.46% in a day, marking its most substantial percentage gain since March 2020.
It recently bought a big warehouse in Sydney for $70.6 million.
The warehouse is in a great location near many households, making it a valuable asset for delivering goods.
4. $ALS LTD(ALQ.AU)$ increaed 13.04% on revenue beat and positive growth outlook
Revenues: AU$1.22 billion, beating by 3.5% (an 8.9% increase yoy).
EPS: AU$0.28, falling short by 9.5%
Anticipates a 6.2% annual revenue growth over the next 3 years, notably higher than the 1.4% growth forecasted for Australia's Professional Services industry.
5. $Corporate Travel(CTD.AU)$ rose 9.01%: Bell Potter analyst sees potential
Bell Potter maintains a "buy" rating despite market uncertainties.
Analyst Olivia Hagglund sees potential as the stock price doesn't fully reflect recent client wins, strong finances, and solid earnings forecasts.
The target price was reduced by 12% to A$21.00 due to an analyst change.
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