Sandstone Insights research is prepared by MST Financial Services Pty Ltd (MST). MST’s experienced analyst team delivers new investment ideas and value-added perspectives on ASX listed companies across all sectors, in large, mid and small-cap.
Playbook has potential
Aristocrat is a catalyst-rich stock with earnings momentum in an expanding industry. Further, it has a balance sheet that can support both capital management and incremental acquisitions.
Unblocking its potential
Since reporting its 2Q23 results, the SQ2 share price has been under pressure and underperformed key globally listed peers.
Lifting the Institutional Bank
WBC held a market update on the performance of its Institutional Bank. WIB is the smallest of three key divisions behind WBC’s Retail and Business Banking franchises. WBC has ambitions to both grow returns and lift market share in institutional banking.
Blue sky flying
Alliance Aviation reported a step change in FY23 earnings due to its significantly expanded fleet aligned to wet leases to Qantas. The ACCC rejected QAN’s takeover proposal in April 2023.
Stateside
CAR made a presentation on its US business, Trader Interactive (TI) detailing the growth opportunity.
Time to wake up
The recent news flow of 'miracle' weight loss drugs has significantly impacted the potential outlook for RMD.
From land to the cloud: New age for storage
Operating conditions continue to be strong for Goodman Group. Like-for-like NPI growth seen during the period suggests that logistics and industrials continue to outperform. Structural tailwinds will continue to provide Goodman with a strong growth outlook.
Not so refined
Asian refining margins (a proxy for the ALD refining margin) have slipped below US$10/bbl after a brief period of recuperation following Ampol’s unplanned outage at the Lytton Refinery in 1H23.
Alan has left the building
Qantas CEO Alan Joyce is not going out with the sort of bang he envisaged after 22 years with the airline and 15 years as CEO.