Domino’s Pizza Enterprises (ASX:DMP) has forecasted that cost-saving measures will boost their FY24 EBIT between A$33 million and A$40 million.

The company is initiating structural adjustments that should result in network savings of A$50-A$60 million in FY24.

The firm has begun FY24 on a solid note with robust sales expansion from Europe and AUNZ.

The restructuring initiatives are anticipated to yield network savings ranging from A$80-A$94 million in FY25.

FY24’s profit growth is expected to stem from the ongoing structural savings efforts.

Net capex is foreseen to meet the lower end of the corporation’s 3-5-year projection.

This financial year is expected to see substantial sales and earnings enhancements.

However, a note of caution prevails, dependent on Asia’s return to volume growth.

Currently, Asian sales growth seems to be underperforming, with a -7.8% SSS registered so far in FY24.

Domino’s Pizza Enterprises is a food service company specializing in pizza delivery and carryout.

Shares in Australia’s WiseTech Global (ASX:WTC) have plunged by 14.3%, bringing their value down to A$74.22.

The logistics software company is anticipating an EBITDA between A$455 million and A$490 million in FY24.

This estimation lies 14% beneath consensus estimates.

Moreover, the company predicts FY24 to be more heavily weighted towards the second half, as contrasted with FY23.

Currently, WiseTech Global (ASX:WTC) is the poorest performing stock on the AXJO benchmark index.

Despite this, the share has risen 70.6% throughout this year, based on figures up until the last closing.

WiseTech Global (ASX:WTC) is a logistics software company based in Australia that specializes in creating efficiencies in the supply chain.

Australian battery metals producer Neometals (ASX:NMT) saw an increase of up to 10.0% to A$0.55, marking its biggest intraday hike since July 12.

The stock’s performance has placed it among the top gainers in the ASX All Ordinaries index.

Neometals announced that its joint venture Primobius GmbH, where it owns a 50% stake, will supply a spoke of 10 metric tons per day for shredding lithium-ion batteries.

The shredding process removes inert materials from the batteries to prevent the risk of fire or explosion, pushing NMT to its highest level since August 15.

Despite the recent surge, NMT is still down by 37.5% this year as of its last close, in contrast to a 1.7% rise in the ASX All Ordinaries index.

Neometals is a sustainable battery metals producer focuses on the manufacturing of battery storage, electric vehicle and energy storage applications.

Autosports (ASX:ASG), an automotive dealer company, sees its stock rise nearly 3% to A$2.46 after presenting strong 2023 results.

The company reported a yearly profit increase of 22.6%, reaching A$65.4 million.

Revenue from ordinary activities grew by 26.4%, reaching A$2.37 billion.

Autosports also expressed positivity regarding the upcoming year, stating that it is well-positioned for further expansion through well-priced acquisitions in 2024.

By the end of the last trading day, the company’s stock had increased by 17.73% this year.

Autosports Group is a company specializing in automotive dealing.

Shares in Australia’s IDP Education surged by as much as 8.5% to A$25.5, setting a potential record for the company’s best day since August 2022, provided current gains hold.

The stock reached its highest level since mid-August, demonstrating a promising financial year for the education services provider.

IDP Education reported a full-year net profit of A$148.5 million, marking a 45% increase from the previous year.

This profit boom was supported by revenues from ordinary activities reaching A$981.9 million, surpassing last year’s markers of A$793.3 million.

The company announced a final dividend of 20 Australian cents per share, a notable rise from its previous dividend of 13 cents per share.

Despite the recent rise, IDP Education’s stocks have fallen 14.3% this year.

IDP Education is an Australian company specializing in international education services.

Citi analysts have reduced their price target on BHP Group (ASX:BHP), the world’s largest listed miner, from A$44 to A$45 while maintaining a ‘neutral’ rating.

The analysts favor the assets and management of BHP, but desire for them to be less expensive.

Following BHP’s guidance for higher than expected costs, the brokerage has adjusted its FY24/25 EBITDA expectations to $25.4 billion and $31 billion respectively.

They also anticipate an increase of FY23 EBITDA at $28 billion.

Base metal prices could possibly improve the EBITDA expectations as we proceed into FY25.

BHP recorded its lowest annual profit in three years this Tuesday as the prices of their pivotal commodities eased from multi-year peaks.

Recent Refinitiv data shows that out of 20 analysts, nine hold a ‘buy’ or higher rating for the stock, eight rate it ‘hold’, and three issue a ‘sell’ or lower rating.

Their median price target stands at A$45.00.

BHP Group (ASX:BHP) is the world’s largest listed mining company with diverse portfolio of operations across multiple commodities.

The recovery in risk appetite observed on Tuesday has been stifled following a mounting realization that the U.S.

Federal Reserve will likely maintain elevated interest rates.

The sentiment was reinforced by remarks from Richmond Fed President Thomas Barkin, increasing anticipation that Fed Chair Jerome Powell will further bolster a hawkish outlook during his address at the central bank symposium in Jackson Hole on Friday.

Wall Street closed with mixed results, with U.S.

yields stabilizing around decade highs, a resurgence in U.S.

dollar, a slight drop in oil prices, and metals making gains.

Asian markets are projected to begin on a sour note with EM ETFs down by 0.2%.

The relative lack of critical economic data in the region leaves traders contemplating the mounting apprehensions over China’s economy and its basic economic data reporting.

U.S.

yields remained substantially high with the 2-year up by 4 basis-points to 5.037%, while the 10-year slipped by 1-bp to 4.328%, and the 30-year surged 48 bps to 4.411%.

Down by 0.51% and 0.28% respectively, Dow and S&P ended the day in negative territory as bank stocks weighed heavily, while Nasdaq was up by 0.06%.

Oil prices fell on concerns about China’s demand; Brent dipped by 0.50% and WTI was down 0.48%.

The U.S.

dollar climbed 0.25% to a two-month high supported by yields, while the possibility of Japan’s interference in FX kept JPY up by 0.25%.

Santos (ASX:STO) in a recent announcement, confirmed that its Moomba Carbon Capture and Storage Project is on schedule to begin its first injection of carbon dioxide next year.

In addition, they projected their 2023 major project capital expenditure to be approximately between $1.5 to $1.6 billion.

The company has set its sights on generating cash flows in the neighborhood of $1.1 billion to $1.7 billion per annum from incremental major projects once they are operating at full production rates.

Santos (ASX:STO) is forecasting its GLNG project to yield around 6 MT in 2023.

They also acknowledged that global liquefied natural gas (LNG) demand has been continually ascending.

They highlighted the persisting scenario in Asia-Pacific, where the demand for LNG is continually outpacing supply.

The company noted that its exposure to LNG markets is expanding via its interests in Barossa and Papua LNG.

Finally, the company is eyeing a free cash flow breakeven at less than $35 per barrel of oil price throughout the oil price cycle in the Fiscal Year 2023.

Guidance for FY23 upstream unit production costs stays unaltered at $7.25 to $7.75 per barrel of oil equivalent.

Santos is an Australian company primarily involved in petroleum operations.

Santos (ASX:STO) announced a half-year underlying profit of $801 million, a decrease from the $1,267 million reported in the previous year.

The company also declared an interim dividend of 8.7 cents per share and reported a net profit attributable at $790 million, compared to last year’s $1,167 million.

The company recorded revenue from ordinary activities at $2,967 million, compared to $3,766 million in the prior year.

For 2023, Santos maintains its sales volume guidance within the range of 90 to 100 MMBOE and production guidance of 89 to 93 MMBOE.

Progress is being made on the Barossa gas and condensate project, which is 60% complete as of 30 June 2023.

However, drilling operations are suspended pending environmental plan approval.

The Barossa project is on track to commence production in the first half of 2025.

The company is set to have the Dorado FID ready by 2024 as well as planning to develop a carbon capture and storage hub in Western Australia.

A conditional offer from Kumul Petroleum remains open until 31 August 2023 for a stake in PNG LNG.

Santos is an oil and gas company focusing on exploration, production, and supply of natural gas in Australia.

Woolworths Group (ASX:WOW) recently released their financial reports, revealing a fiscal year net profit after tax (NPAT) attributable from continuing operations with the exclusion of significant items amounting to A$1,721 million.

This figure shows an increase from the previously reported A$1,618 million, and significantly higher than the A$1,514 million reported in the prior year.

Concurrently, the company declared a final dividend of 58 Australian cents per share.

Total Australian food sales for the fiscal year amounted to A$48,047 million, showing a rise from the A$45,740 million of the previous year.

However, Woolworths Group notes that the operating environment remains somewhat uncertain.

Fiscal year revenue rose 5.7%, reaching A$64,294 million.

The firm plans to rebrand Countdown to Woolworths Supermarkets New Zealand from early 2024.

Furthermore, the company observed an increase in eCommerce sales for the group, amounting to A$6,592 million which represents a 0.8% rise.

Meanwhile, they also highlighted that global and local inflationary impacts have presented a fresh challenge.

Woolworths Group is a major Australian company with supermarket, liquor, hotel and hardware operations.