To The Moon

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 7,151.80 points, down 0.09% in the past 5 days. During the last 5 trading days, $Pendal(PDL.AU)$ $Champion Iron Ltd(CIA.AU)$ $FORTESCUE METALS GROUP LTD(FMG.AU)$ $Coronado Global(CRN.AU)$ $Webjet(WEB.AU)$ are the top 5 Weekly gainers, up 15.48%, 15.17%, 12.39%, 10.12%, and 8.33% respectively. $RAMELIUS RESOURCES LTD(RMS.AU)$ $Allkem Limited(AKE.AU)$ $Core Exploration Ltd(CXO.AU)$ $Elders(ELD.AU)$ $PERPETUAL LTD(PPT.AU)$ are top 5 decliners of ASX stocks which market capital above AU$2 Bln. Below are YTD performances and key analyses of the TOP 5 gainers: 1. $Pendal(PDL.AU)$ -- Gained advantage after the takeover offer revised Perpetual Limited has agreed to revise the cash and scrip consideration mix of its offer to purchase 100 per cent of shares in Pendal Group. The Pendal board and management have urged shareholders to accept the revised offer. Ahead of this approval, a court has determined a $23 million 'break fee' would not be an exclusive remedy if Perpetual walks away from the takeover deal Pendal chairman Deborah Page AM said “The Pendal Board continues to unanimously recommend Pendal shareholders vote in favour of the Scheme in the absence of a superior proposa.” Under the revised terms, Pendal shareholders would receive 1 newly issued share in Perpetual, in exchange for 7 Pendal ordinary shares and $1.65 cash per Pendal share. Perpetual had previously offered 1 newly issued share in exchange for 7.50 Pendal ordinary shares and $1.976 cash per Pendal share. That’s likely a relief to Pendal shareholders but worrying to those invested in $PERPETUAL LTD(PPT.AU)$ stock. That's why $PERPETUAL LTD(PPT.AU)$ ranked the top loser this week. Accroding to the data from marketscreener: Analysts average target price for $Pendal(PDL.AU)$ is AUD 5.17. 2. $Champion Iron Ltd(CIA.AU)$ - Fund said it has a 43% upside At the annual Sohn Australia conference on Friday, Regal Funds' Tim Elliot reportedly said it needs to rise 43% to trade in line with iron ore rivals like Fortescue Metals Group Ltd. and Rio Tinto Group on a one-year, forward-consensus Ebitda. He also highlighted its share price could double without assuming an increase in the iron ore price. The stock is the most under-appreciated and exciting play on decarbonization that’s completely under the radar. Champion Iron is also said to have been tipped to trade at valuations like those offered by Rio Tinto and Fortescue Metals It also rose as iron ore headed for a third weekly advance after Chinese property policies boosted demand optimism. Accroding to the data from marketscreener: Analysts average target price for $Champion Iron Ltd(CIA.AU)$ is AUD 5.85. 3. $FORTESCUE METALS GROUP LTD(FMG.AU)$ -- Collaboration with Asia The S&P/ASX 200 Materials Index is also currently the best-performing sector. It’s up more than 3% following news China is easing some of its COVID-related restrictions. Fortescue also aims to decarbonise its iron ore operation. It could be getting an extra boost from its plans to collaborate in Asia to make green steel. According to reporting by the Australian Financial Review, FFI has agreed to immediately work with Indonesia’s largest private steelmaker to see if green hydrogen and green ammonia can be used in GRP’s steelmaking operations in the future. Fortescue leader Andrew Forrest said that FFI was in “green steel discussions” in Europe that could be on a larger scale than the GRP collaboration. Forrest said that the GRP deal was the company’s biggest play in Asia. Accroding to the data from marketscreener: Analysts average target price for $FORTESCUE METALS GROUP LTD(FMG.AU)$ is AUD 10.10. 4. $Coronado Global(CRN.AU)$ - rose with rising coal futures Coronado Global Resources rose with the coal futures. According to CommSec, Coal futures lifted 5.9% to US$198.65 a tonne overnight. It rose also after Whitehaven urged the federal government to “rule out” a contemplated tax on thermal coal exports intended to lower energy prices. It withdrew from the acquisition might be another piece of good news. Queensland-based Coronado Global Resources has ceased merger discussions with global coal giant Peabody Energy Corporation. Both parties jointly agreed to end talks over a deal that was estimated to be worth more than $9 billion. Accroding to the data from marketscreener: Analysts' average target price for $Coronado Global(CRN.AU)$ is AUD 1.49. 5. $Webjet(WEB.AU)$ - good earnings Webjet has released its first half results for FY 2023. The online travel agent delivered very strong transaction value and revenue growth For the six months ended 30 September, Webjet reported a 223% increase in TTV to $2,143 million and a 217% jump in revenue to $175.7 million. Bookings up 137% to 3.4 billion Total transaction value (TTV) up 223% to $2,143 million Revenue up 217% to $175.7 million Underlying EBITDA up 557% to $72.5 million Underlying net profit after tax of $32 million, up from a loss of $29.2 million Cash balance of $504 million Webjet’s Managing Director John Guscic appeared delighted with company’s “spectacular turnaround.” He commented: This result demonstrates a spectacular turnaround of $88.4 million in underlying EBITDA from the 1H22 loss of $15.9 million. It underpins the efforts we took as soon as the pandemic hit to ensure each business was optimally positioned Management revealed that it is on track to exceed pre-pandemic profitability in FY 2023, with second half EBITDA expected to exceed pre-pandemic levels by at least $10 million. Accroding to the data from marketscreener: Analysts' average target price for $Webjet(WEB.AU)$ is AUD 1.49. What's your opinion towards TOP 5 stocks？ Please comment below and share your favorite ASX stocks.