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<WIRE> Morningstar Increases Fair Value Estimate for oOh!media (ASX:OML) on Anticipated Lower Capex

Morningstar has enhanced its fair value estimate for Australia’s oOh!media (ASX:OML) to A$1.60 per share.

The upgrade is attributed to the firm’s higher quality of revenue and anticipated lower capital expenditure.

The company’s staggering 7% growth in first-half earnings to A$297 million trounced management’s previously modest forecast of a low single-digit increase.

Furthermore, Morningstar states that favorable conditions for sustainable earnings combined with an approximate 15% reduction in capital expenditure estimations have contributed to the raised fair value assessment.

The stock has noted a 12.8% rise this year up until the last close.

oOh!media is an Australian outdoor advertising and media company.


<WIRE> Citi Raises Price Target on Australian Developer Charter Hall (ASX:CHC), Maintains 'Buy' Rating

Citi analysts have raised their price target on Australian real estate major Charter Hall (ASX:CHC) to A$14.00 per share, up from a previous A$13.50 per share.

Citing slower-than-expected property devaluations, analysts have retained a ‘buy’ rating for the company.

Charter Hall’s FY23 gross transaction activity, at A$10.5 billion, surpassed Citi’s estimate of A$8 billion.

Further, it is suggested that transaction activities for property developers are increasing, according to market evidence.

Charter Hall stock has seen a 10.1% decrease this year as of the latest closing.

Of twelve analysts, seven rate the stock as ‘buy’ or higher, four hold, and one advises to sell.

The median price target among them is A$13.40, according to Refinitiv data.

Charter Hall is a leading Australian real estate group specializing in property management and development.


<WIRE> Morningstar Discusses Potential for Extra Shareholder Payouts for Ampol (ASX:ALD)

Analysts at Morningstar are raising their full-year dividend predictions for Australia’s Ampol (ASX:ALD) to A$2.13 per share, indicating a full-year payout ratio of 66%.

The firm cited a strong history of providing returns beyond dividends only to shareholders.

Ampol recently announced an interim dividend of 95 Australian cents per share, surpassing the market consensus of 88 Australian cents per share.

Despite being in the early stages, the fuel retailer is reportedly considering investments to support the energy transition, but no significant steps have been taken on any specific project so far.

Morningstar maintains its fair value estimate for Ampol at A$34.50 per share, continuing to view Ampol shares as undervalued at a trading price of A$33.79.

Ampol’s stock has seen a rise of 21.3% this year, as of the last close.

Ampol (ASX:ALD) is an Australia-based fuel retailer.



<WIRE> Copper Miners Ascend as Weaker Dollar Boosts Metal Prices - Including Rio Tinto (ASX:RIO) and BHP Group (ASX:BHP)

Copper mining companies are witnessing a rise, guided by the increase in the price of the red metal.

The three-month copper benchmark on the London Metal Exchange indicates an increase of 0.4% at $8,273 per tonne, which is bolstered by the diminishing dollar.

The depreciation of U.S.

currency renders dollar-priced commodities more affordable for those possessing other currencies.

U.S.-listed shares of international mining monoliths Rio Tinto (ASX:RIO) and BHP Group (ASX:BHP) are seeing an uptick of 0.4% and 0.8% correspondingly.

There’s an upward trajectory of 0.8% being observed in the copper miner Southern Copper (ASX:SCCO).

Additionally, Canadian miners like Teck Resources (ASX:TECKb), First Quantum Minerals (ASX:FM), Hudbay Minerals (ASX:HBM), and Ero Copper (ASX:ERO) are witnessing an increase within the range of 1.1% to 2.9%.

Rio Tinto (ASX:RIO) is a multinational corporation and one of the world’s largest metals and mining companies.



<WIRE> WISR (ASX:WZR) Affirms Anthony Nantes' Dismissal as CEO Was not Prompted by Regulatory Violation

WISR (ASX:WZR) has confirmed that the termination of Anthony Nantes as CEO was not triggered by any financial irregularity or breach of regulation.

The company insists that there were no regulatory issues involved in the decision to remove Mr.

Nantes from his executive role.

WISR is a fintech company that offers an online lending platform that helps its customers pay down debt, save, and build their wealth.


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<WIRE> Ferro-Alloy Resources Plummets Amid Supply Issues (ASX:FARF)

Shares of Guernsey-based Ferro-Alloy Resources (ASX:FARF) slumped as much as 18% at 8.5p, staging a prominent loss across the London market.

The vanadium producer has announced further unforeseen supplier and transportation delays that significantly hampered its Q3 output, precipitating a substantial impact on the Q3 financial results.

The company also hints at the chance of more confined shortfalls possibly affecting production in Q4.

Nonetheless, Ferro-Alloy Resources anticipates both FY23 production and results to markedly overcome those of FY22.

Following the announcement, the shares hit their lowest level since November 2020.

The shares were trading with a volume of 353,825.

Amid these developments, Liberum has decided to revise the target price to 38p from 39p, resulting in a ~7% YTD decline in Ferro-Alloy Resources' shares.

Ferro-Alloy Resources is a Guernsey-based company specialising in the production of vanadium.


<WIRE> Breville Group (ASX:BRG) Leaps on Powerful Annual Results

Shares in Breville Group (ASX:BRG) soar as much as 16.9% to A$27.070, marking their highest point since April 1, 2022.

Notably, the stock was last up by 11.4%, poised for its best day since March 26, 2020, if the gains hold steady.

The producer of electrical kitchen appliances has reported a net profit after tax for the financial year at A$110.2 million, an increase of 4.2% from the previous year.

Additionally, the company declares a fully franked final dividend of 15.5 Australian cents per share.

Meanwhile, trading volumes are six times the 30-day average of approximately 198,000 shares.

As of the last close, the stock ended up 26.2% for the year.

Breville Group (ASX:BRG) is a company that manufactures and sells electrical kitchen appliances.



<WIRE> oOh!media (ASX:OML) Stock Climbs on Strong First Half-Year Results

Shares in the out-of-home advertisement company oOh!media (ASX:OML) have seen an increase of as much as 8.8%, reaching A$1.490.

This marks their highest standing since May 2.

The company reported a 6% rise in statutory net profit after tax and a 7% increase in revenue during the first half of the year.

oOh!media (ASX:OML) also indicates that their third quarter media revenue is currently up by 7% compared to the same period the prior year.

The company declared an interim dividend of 1.75 Australian cents per share, fully franked, marking a 17% rise compared to last year.

The company has seen a stock rise of 6.6% this year as of their last close.

Ooh!media (ASX:OML) is an out-of-home advertising company focusing on billboards and digital screens across Australia.


<WIRE> NIB Holdings (ASX:NHF) Climbs to Over One-Month High Following Positive FY Results

Shares of NIB Holdings (ASX:NHF) rise as much as 7.3% to A$8.585, reaching their highest level since July 11.

The health insurance provider is poised for its best day since August 22, 2022 if the gains sustain.

NIB Holdings has posted a FY net profit after tax (NPAT) of A$191.1 million, indicating a climb of 42.8% from the previous year.

The company has also declared a fully franked final dividend of 15 Australian cents per share.

This brings the stock up 3.2% for the year, as of the last close.

NIB Holdings is an Australian health insurance provider witnessed a significant rise in their shares.