Harvey Norman
Harvey Norman Holdings buy at the market price with a stop loss at $3.18
CSL – Valuation Review
The trading update was about resetting the market’s expectations for recovering gross margins.
If CSL trades at 25x FY25 expected earnings the fair value estimate shifts to $320. This is down from previous targets but still highlights the value in buying CSL on any pullback.
Star
The Queen’s Wharf Brisbane’s progressive opening is now expected in April 2024, a four-month delay from the previous opening date in December 2023.
The A$2.9bn development will replace Treasury Casino. From an ownership perspective, Star Ent. has 50% economic interest in Queen’s Wharf Brisbane and will also receive a management fee for operating the integrated resort.
SGR needs to trade through $1.17 to reverse the current negative momentum.
Harvey Norman
Harvey Norman Holdings buy at the market price with a stop loss at $3.18
Trade Table: ASX 200 Holdings
The ASX200 Trade Table is up 28.9% year-to-date.
Watch Last Night’s Webinar
In case you missed it, you can watch last night’s webinar here.
Automatic Data Processing
DP:NAS is under Algo Engine buy conditions and the price action is setting up for an entry at $215 with a stop loss at the $201 pivot low.
US Trade Table: Qualcomm
QCOM:NAS is up 12.1% after 23 days.
US Trade Table: Warner Bros
WBD:NAS is up 17.8% after 8 days.
Qube Holdings
Qube Holdings is under Algo Engine buy conditions and we’re building a small initial position in the stock.
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