Analysts at Citi report that FY23 results for Australia’s Corporate Travel Management (ASX:CTD) have adequately balanced the prevalent softness in the market.

Corporate Travel Management (ASX:CTD) announced a final dividend of 22 Australian cents per share on Wednesday along with an adjusted net income for FY23 of A$92.5 million.

Brokers anticipate that the market’s attention will shift towards lower recovery expectations, which could introduce upside risks to earnings.

Meanwhile, the price target has been reduced to A$22.55 from A$23.80.

From 17 analysts, 12 rate the stock as ‘buy’ or higher, three recommend holding, and two suggest selling or rating lower.

Their median price target is A$22.53, according to Refinitiv data.

As of the latest close, the stock has increased by 22.8% this year.

Corporate Travel Management is a company that specializes in business travel management services.

Financial analysts at Citi have increased their price target on Australia’s Worley (ASX:WOR) to A$20.50 from A$20.

The company announced on Wednesday an expected aggregate revenue growth for the financial year 2024.

The brokerage has commented that these results support a sustained earnings momentum into financial year 2025.

Furthermore, estimates for revenue have been increased by 4% for financial years 2024 and 2025 by the finance and investment service provider.

Citi has also upgraded the net profit after tax estimates for the financial year 2025 by 5%.

Citi foresees the core NPATA for financial year 2025 to be higher by 8%.

Among analysts, five out of nine rate the stock as ‘buy’ or higher, three view it as a ‘hold’ and one rates it as ‘sell’; with the median price target being A$18.23.

The stock has seen a 16.6% increase this year, as of the last closing date.

Worley is a leading global provider of professional project and asset services in the energy, chemicals and resources sectors.

An uptick is noticed in the performance of copper miners, in line with the increased value of the metal.

Copper priced at $8,404 a tonne on the London Metal Exchange indicates a 0.5% rise.

This can be attributed to the resurgence in demand for copper from leading consumer, China, and the market’s resilience towards the aggressive US dollar.

Shares in global mining heavyweights Rio Tinto (ASX:RIO) and BHP Group (ASX:BHP) witness an upward swing of 1% and 1.9% respectively.

Simultaneously, Southern Copper (ASX:SCCO) and Freeport-McMoRan (ASX:FCX), prominent copper miners, marked a 0.3% surge each.

Canadian miners Ero Copper (ASX:ERO), Teck Resources (ASX:TECKb), First Quantum Minerals (ASX:FM) and Hudbay Minerals (ASX:HBM) also followed suit, with hikes between 0.1% and 0.8%.

Rio Tinto (ASX:RIO) is a global leader in mining and metals production.

Hazer Group (ASX:HZR) reported a significant increase in their fiscal year revenues from ordinary activities, posting a growth of 108% to amass a total of A$2.7 million.

However, the company also reported a fiscal year loss from ordinary activities after tax.

The loss accounted to A$12.2 million, an improvement from their previous loss of A$16.4 million.

Hazer Group is an Australian company that focuses on the development and commercialization of technology to produce clean hydrogen and graphite.

Shares of AMC Entertainment (ASX:AMC) tumbled 12% to $2 in premarket trading.

Over the past two days, the company’s stock has plummeted by approximately 42%, closing at its lowest level since January 2021.

This decline has erased all of the gains from the meme stock frenzy, when retail traders heavily bought shares of highly shorted companies.

Concurrently, AMC’s preferred stock ‘APE’ plummeted 5.9% to $1.8 after nearly an 18% fall in the past two days.

The gap between APE and AMC has been decreasing ahead of the stock conversion plan set for Friday.

All APE preferred shares will be converted into Class A common shares, thereby diluting the value of each common stock.

Class A common shares will rise to 550 million from 524.2 million, and APE will cease trading on Aug.

25 and be delisted from the NYSE.

AMC will also distribute stock valued at about $129 million to common stockholders to settle possible legal claims connected to this plan.

A 1-for-10 reverse share split is scheduled to occur on Thursday.

Year-to-date, AMC shares have fallen 37.3%, while APE shares are up 33.3%.

AMC Entertainment (ASX:AMC) is a leading company in the entertainment industry, offering a variety of cinematic experiences.

Telix Pharmaceuticals (ASX:TLX) has reported a significant increase in its HY total group revenue, hitting A$220.8 million.

This figure is a nine-fold increase when compared to the first half of 2022, showing robust financial performance.

The company expresses an optimistic outlook for its product, Illuccix, in US and global markets, projecting an increase in adoption rates.

Telix Pharmaceuticals is a biopharmaceutical company focused on the development and commercialization of molecularly targeted radiation (MTR) therapies for cancer treatment.

Platinum Asset Management (ASX:PTM) announced that Andrew Clifford has given notice of his intention to step aside from his positions as the company’s Managing Director and CEO.

Following this development, the board intends to shortly begin a process to search for a new CEO.

Until a suitable successor is located and appointed, Clifford will maintain the CEO role on an interim basis.

Platinum Asset Management is a financial services company based in Sydney, specializing in investment management.

Polynovo (ASX:PNV) announced its fiscal year’s total revenue, including contributions from BARDA, to be A$66.5 million, marking an impressive increase of 58.8% from the prior year.

The company foresees robust revenue growth in direct markets especially in the United States, United Kingdom, Australia, New Zealand, India, and Hong Kong for FY24.

Polynovo (ASX:PNV) is a leading company, developing unique biomedical devices using their patented NovoSorb biodegradable polymer technology.

Australis Oil & Gas, an exploration and production company, announced a net loss after tax of $13.8 million for the first half of this year.

The recorded figures stand in stark contrast with the $1.1 million profit reported for the same period last year.

Australis Oil & Gas is a company that specializes in the exploration and production of oil and gas.

Finbar (ASX:FRI) Group recently declared a net profit after tax amounting to A$2.78 million.

This is a significant contrast to their previous results of an A$10.98 million net profit.

The company also anticipates that the revenue for the fiscal year 2024 will be primarily weighted towards the second half of the year.

Moreover, Finbar (ASX:FRI) disclosed their revenue for the fiscal year as A$34 million, declining from a previous A$91.1 million.

Finbar Group is a property development and investment company mainly operating in Western Australia.