As of the close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 7,073.20 points, down 0.46% in the past 5 days.
1. $IRESS LTD(IRE.AU)$ +25.38%
On 30th Nov., the fintech company released a strategy update. It has upgraded its earnings guidance for FY 2024.
Management now expects underlying EBITDA of $135 mln to $145 mln, higher than previous guidance of $124 mln to $134 mln.
2. $HEALIUS LTD(HLS.AU)$ +22.31%
On 22nd Nov., healthcare firm Healius slumped 29.5% to A$1.1975 as trading resumed after a trading halt.
The company raised a total of $154 mln to reduce its net debt and reset its balance sheet with appropriate gearing.
On 27th Nov., analysts at Morgan Stanley upgraded stock rating to "Equal-weight" from "Underweight".
3. $Link Administration Holdings Ltd(LNK.AU)$ +15.13%
Macquarie analysts resumed coverage with a "neutral" rating and a A$1.25 price target.
Citi raised its earnings per share estimate by 2% for FY24-26 after LNK upgraded its FY24 forecast, while LNK itself raised its operating EBIT growth forecast to 7-9% from the previous 6%.
4. $West African Resources Ltd(WAF.AU)$ +13.41% $Emerald Resources NL(EMR.AU)$ +13.36%
The price of gold rose to a six-month high of $2073 this week as investors that the US Federal Reserve has finished raising interest rates, and a weaker dollar.
WAF, a gold mining company, operates in Burkina Faso, West Africa.
Emerald Resources, focused on gold exploration and mining, particularly the Okvau Gold Project in Cambodia. The company forecasts +100,000 Oz gold production for 2024.
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