Aurizon reported underlying earnings before interest taxation depreciation and amortisation (EBITDA) of $1.48 billion and told investors to expect underlying EBITDA of between $1.42 billion-$1.5 billion in fiscal 2022.
PayPal Holdings said it would acquire Japanese buy now, pay later firm Paidy in a $2.7 billion largely cash deal, taking another step to claim the top spot in an industry experiencing a pandemic-led boom.
The fund aims to provide investors with the performance of the S&P/ASX Dividend Opportunities Accumulation Index, before fees and expenses. The index is designed to measure the performance of 50 ASX listed stocks that offer high dividend yields while meeting diversification, stability and tradability requirements.
US bank profits fell 8.3% to $70.4 billion in the second quarter of 2021 as firms slowed their reductions in credit loss provisions, the Federal Deposit Insurance Corporation reported.
Aurizon reported underlying earnings before interest taxation depreciation and amortisation (EBITDA) of $1.48 billion and told investors to expect underlying EBITDA of between $1.42 billion-$1.5 billion in fiscal 2022.
Mineral Resources is under Algo Engine buy conditions and is in our ASX 100 model portfolio.
The share price has fallen 20% from the July high, as the iron ore price rolled over from $220/t to $130/t.
The strong lithium market (particularly spodumene with spot at US$1,250/t) offsets some of the weakness in iron ore and the growth outlook for MIN remains attractive.
The likely approval of Ashburton in the coming months is a key positive for the stock. Key decisions around Ashburton development hub and Wodgina restart are likely at the group AGM scheduled for 18th Nov.
Accumulate within the $42 – $52 price range.
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