To The Moon

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.