To The Moon

As of the close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 7,279.00 points, up 1.71% in the past 5 days.

During the last 5 trading days,  $Champion Iron Ltd(CIA.AU)$ was up 14.09%; $Coronado Global(CRN.AU)$ added 12.30%; $FORTESCUE METALS GROUP LTD(FMG.AU)$ was up 9.38%; $Link Administration Holdings Ltd(LNK.AU)$ rose 8.56%; and $Life360(360.AU)$ increased 8.31%.

1. $Champion Iron Ltd(CIA.AU)$ +14.09%: Iron ore rises to highest since april after china property boost

Champion Iron engages in the acquisition, exploration, development, and production of iron ore deposits in Canada.

Iron ore prices have surged to their highest level since April due to increased economic support measures by Chinese authorities aimed at boosting construction and property industries. China reduces reserve requirements for lenders and inject cash into the market.

The price of iron ore has risen approximately 8% in a week.

Iron ore rose 1.5% to $122.45 a ton in Singapore at 10:39 a.m. localtime after touching $122.70 earlier, the highest since April 3.

Steel production increased by 11% in August year-on-year, indicating strong demand for iron ore.

2. $Coronado Global(CRN.AU)$: Impressive stock surge and strong net income growth

Coronado Global Resources Inc., together with its subsidiaries, produces, markets, and exports metallurgical coal.

The stock has seen a significant 17% increase in its stock price over the past three months.

• Comparing Coronado's net income growth with the industry's, the company outperforms with a 25% higher growth rate over the same period.

• Coronado Global Resources has a three-year median payout ratio of 31%, indicating that it retains 69% of its profits for reinvestment.

• The future payout ratio is expected to rise to 96%, which may lead to a decline in the expected ROE to 19%.

3. $FORTESCUE METALS GROUP LTD(FMG.AU)$: Another winner benefits from iron ore surge; Upgraded by JPMorgan

Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore.

Apart from the surging iron ore prices mentioned in the former part, FMG got upgraded rating and PT from JPMorgan.

J.P. Morgan analyst Lyndon Fagan raised the recommendation on Fortescue Metals Group to overweight from neutral.

PT set to A$23.50, implies a 10% increase as of the closing price on Friday.

historical PT by JPMorgan; data from Bloomberg

4. $Link Administration Holdings Ltd(LNK.AU)$: Two key updates

Link Administration Holdings Limited provides technology-enabled administration solutions for companies, large asset owners, and trustees worldwide.

• UK and Ireland Divestment:

The transaction to sell the UK and Ireland business to Waystone Group remains on track and is expected to be completed in October 2023.

All necessary regulatory approvals for this sale have been received.

• Link Fund Solutions Ltd. (LFSL) Scheme:

A practice statement letter has been issued to notify WEIF (Woodford Equity Income Fund) investors about the formal launch of the scheme.

The first court hearing related to the scheme is scheduled for October 10.

It is currently anticipated that the scheme meeting will occur on December 4, 2023.

5. $Life360(360.AU)$ jumps on positive sentiment and strong analyst ratings

Life360, engaging in the manufacture and sale of subscription and hardware tracking devices, surges over 6% on Friday.

Some investors said its surge was driven by improving sentiment of successful IPO of Arm Holdings.

Goldman has a buy rating and $10.50 price target. This suggests potential upside of 23%.

Its analysts feel that Life360 could outperform expectations in FY 2023. It said:

360 (Buy) is gathering momentum heading into its seasonally strongest quarters supported by Tile bundling benefits, with potential further upside to FY23E EBITDA guidance.