market coverage
Australian Securities Exchange research
Australian Securities Exchange coverage collects every dated dive and session brief on ASX-listed companies, newest first.
59 editions linked in this hub.
Coverage
- 7 Aug 2026ASX's results rally prices a cleaner technology reset before CHESS 2ASX Limited (ASX:ASX) rose 5% after FY25 earnings growth. We test whether rate income can offset CHESS 2 and regulatory cost.
- 7 Aug 2026Nick Scali's results pop prices sofa demand before the margin cycle turnsNick Scali (ASX:NCK) jumped after FY26 profit beat subdued furniture demand. We test whether margins or orders carry the next leg.
- 6 Aug 2026Alliance Aviation's Qantas pop prices fleet certainty before FY26 lease returnsAlliance Aviation (ASX:AQZ) jumped after revised Qantas wet-lease terms. We test whether fleet certainty fixes the cash-return problem.
- 6 Aug 2026AMP's profit pop prices capital returns before bank runoff is finishedAMP Limited (ASX:AMP) jumped after 1H26 profit and a new buyback. The test is whether flows, not runoff capital, now drive value.
- 5 Aug 2026Neuren's DAYBUE pop prices a royalty upgrade before Japan answersNeuren Pharmaceuticals (ASX:NEU) jumped after DAYBUE sales upgraded royalties; we test whether the rally outruns pipeline proof.
- 4 Aug 2026Credit Corp's results selloff prices US growth as a quality problemCredit Corp (ASX:CCP) fell 8.65% after record FY2026 profit. We test whether US growth quality offsets the headline result.
- 3 Aug 2026FleetPartners' bid rally prices SG Fleet's synergies before the board has a dealFleetPartners (ASX:FPR) jumped on SG Fleet's $3.60 approach. The test is whether fleet-finance cash flow, not certainty, supports the move.
- 3 Aug 2026Worley's contract pop puts backlog quality ahead of the FY26 resultWorley (ASX:WOR) rose after two services wins. We test whether the contracts change earnings power before the FY26 result.
- 31 July 2026When ASX rallies priced clean execution and falls priced trustThis week's ASX moves in MGH, APX, MIN, CSL, DRO and WEB separated operational proof from trust and balance-sheet risk.
- 31 July 2026Maas approval rally prices a cleaner exit than the debt story allowsMAAS Group (ASX:MGH) rose after ACCC approval for its Heidelberg sale. We examine whether cleaner focus offsets leverage and cyclicality.
- 30 July 2026Appen's quarterly pop prices AI-data growth before margin proofAppen Limited (ASX:APX) jumped after Q2 FY26 revenue and EBITDA improved; the question is whether China-led AI data demand can fund margins.
- 29 July 2026Mineral Resources' quarterly rally puts lithium cash against debt repairMineral Resources (ASX:MIN) rose after its FY26 quarterly update. We test whether execution offsets lithium prices and debt.
- 29 July 2026CSL's Horizon 2 rally prices yield optionality before trials beginCSL (ASX:CSL) jumped after its Horizon 2 plasma update. We test whether yield upside can offset the later trial clock.
- 28 July 2026DroneShield's ASIC selloff puts contract quality ahead of defence demandDroneShield (ASX:DRO) fell 13% after an ASIC-probe report. The question is whether disclosure risk changes the growth maths.
- 28 July 2026WEB's buyback rally prices WebBeds margin recovery before FX does the workWeb Travel Group (ASX:WEB) jumped on 1H27 guidance and a A$90m buyback. We test whether the rally fits WebBeds' cash recovery.
- 24 July 2026Resolute's ABC selloff puts growth ounces against Mali cash riskResolute Mining (ASX:RSG) fell after its ABC resource update. We test whether growth ounces offset Mali cash-flow risk.
- 24 July 2026Karoon's Bauna-led pop asks if cash flow matters more than decline riskKaroon Energy (ASX:KAR) jumped after its June-quarter update. We test whether Bauna cash flow offsets reserve and decline risk.
- 23 July 2026OFX's bid surge prices a cleaner exit than the payments record has earnedOFX Group (ASX:OFX) jumped 69% after the close-screen bid repricing. We test whether the payment platform's record supports the new price.
- 23 July 2026James Hardie's results pop puts AZEK synergies behind the siding beatJames Hardie (ASX:JHX) jumped after preliminary Q1 FY27 sales beat guidance; the question is whether siding strength offsets AZEK debt.
- 22 July 2026Peninsula's guidance withdrawal turns Lance into a flow-rate testPeninsula Energy (ASX:PEN) fell after CY2026 guidance was pulled; the issue is whether Lance has a timing problem or a funding problem.
- 22 July 2026Xero's software selloff puts growth duration before Melio synergiesXero (ASX:XRO) fell in early trade; the test is whether software-duration risk now outweighs its Melio payment option.
- 21 July 2026HUB24's platform selloff puts flow quality before FY26 margin reliefHUB24 (ASX:HUB) fell after its Q4 FY26 update; the issue is whether flows still justify platform-style operating leverage.
- 20 July 2026Forrest's tungsten stake turns a supply-chain rally into a production testEQ Resources (ASX:EQR) jumped after Andrew Forrest's vehicle took Oaktree's stake. We test whether tungsten scarcity supports the move.
- 17 July 2026Coles' relief rally says pet-care discipline matters more than new growthColes Group (ASX:COL) rallied after ending Greencross talks. The test is whether capital discipline beats buying pet-care growth.
- 17 July 2026Regis lifted production guidance and still sold off with goldRegis Resources (ASX:RRL) fell about 9% after lifting FY27 output guidance. The question is whether gold-stock risk swamped mine evidence.
- 16 July 2026REA's India exit rally prices cleaner margins before Aurum paperREA Group (ASX:REA) rose 6.6% before an India sale that cuts FY26 EBITDA drag. We test whether cleaner margins offset retained Aurum exposure.
- 15 July 2026BHP's copper-led rally prices China's policy tailwind before iron ore does the workBHP Group (ASX:BHP) jumped 3.2% with the commodity tape. We test whether copper growth can carry an iron-ore-priced giant.
- 14 July 2026Paladin's quarterly selloff puts Langer Heinrich's ramp-up before the uranium pricePaladin Energy (ASX:PDN) fell after its June-quarter call notice. We test whether the move fits Langer Heinrich ramp-up risk.
- 13 July 2026IGO's battery-metals selloff puts Greenbushes cash flow before the nickel resetIGO Limited (ASX:IGO) fell 10.1% as lithium and nickel sentiment cracked. We test whether Greenbushes cash flow offsets the nickel reset.
- 13 July 2026ResMed's sleep-apnoea selloff tests whether GLP-1 fear can outweigh device evidenceResMed (ASX:RMD) fell 4.7% as sleep-apnoea sentiment weakened. We test whether device demand still supports the valuation.
- 10 July 2026Mesoblast's Ryoncil pop prices a launch before cash discipline is provenMesoblast (ASX:MSB) jumped on Ryoncil revenue. The question is whether the first US$115m year changes the cash-burn valuation math.
- 9 July 2026Jumbo's guidance pop prices Dream US before UK integration is settledJumbo Interactive (ASX:JIN) jumped after lifting FY26 earnings expectations. The question is whether Dream US offsets the UK integration risk.
- 9 July 2026Megaport's entitlement-offer rally puts funded growth back on trialMegaport (ASX:MP1) jumped after completing its retail entitlement offer. The test is whether funded network growth can earn the higher price.
- 8 July 2026GenusPlus' Telstra outage selloff tests whether one contract can reset a grid-growth storyGenusPlus Group (ASX:GNP) fell after a Telstra outage clarification; we test contract risk against grid capex and cash returns.
- 8 July 2026Alkane's gold output beat still left the market watching costsAlkane Resources (ASX:ALK) fell after top-half FY26 output and a cash build; the question is whether costs and merger integration explain the tape.
- 7 July 2026Netwealth's Morgan Stanley pop prices platform flow before margin paybackNetwealth Group (ASX:NWL) jumped 6.7% after a Morgan Stanley platform deal; the question is how much flow can outrun FY27 spend.
- 7 July 2026WiseTech's relief rally still has to carry e2open's debtWiseTech Global (ASX:WTC) jumped about 9% as software risk eased; the test is whether CargoWise returns can absorb e2open debt.
- 6 July 2026Boss's guidance pop brings Honeymoon's August study to the centreBoss Energy (ASX:BOE) rose after FY26 output met guidance; the August Honeymoon study now carries the valuation burden.
- 6 July 2026Vault's superior bid turns Leonora scale into the auction priceVault Minerals (ASX:VAU) jumped after Genesis topped Regis; the question is whether Leonora synergies explain the new price.
- 3 July 2026Genesis' gold rally asks whether Leonora can earn the price of growthGenesis Minerals (ASX:GMD) jumped 16.7% after meeting FY26 output guidance. We test whether Leonora growth supports the rerate.
- 3 July 2026PEXA's property-settlement selloff puts UK losses against the Australian toll boothPEXA Group (ASX:PXA) fell about 14% as the market tested whether UK losses can overwhelm its Australian settlement exchange.
- 2 July 2026NAB's upgrade pop asks whether business-bank spreads can outrun bad debtsNational Australia Bank (ASX:NAB) jumped after an upgrade. We test whether business-bank spreads and credit quality support the move.
- 2 July 2026NEXTDC's data-centre selloff tests how much AI demand can outrun capexNEXTDC (ASX:NXT) fell about 4.6% intraday. We test whether AI data-centre demand offsets capex, debt and valuation duration.
- 1 July 2026Perpetual's rejected bid turns a rally into a break-up value testPerpetual (ASX:PPT) jumped after rejecting a takeover approach. The question is whether control value outruns a messy earnings rebuild.
- 1 July 2026South32's aluminium exit turns a rally into a copper and manganese questionSouth32 (ASX:S32) jumped after a US$5.6b aluminium sale. The question is whether a cleaner portfolio offsets lost cash flow.
- 30 June 2026Zip's two-day rally prices a US turnaround before credit costs have finished their sayZip Co (ASX:ZIP) rallied again as payments risk came back into favour; the question is whether US cash profit can outrun credit costs.
- 30 June 2026Liontown's lithium selloff puts Kathleen's ramp-up before the price cycleLiontown (ASX:LTR) fell with lithium names despite a stronger March quarter; the question is whether price beta is drowning out ramp-up evidence.
- 29 June 2026Transurban's North America update puts toll growth against rate riskTransurban (ASX:TCL) fell 4.4% after a North America update. We test whether traffic-linked toll growth offsets debt, capex and project risk.
- 29 June 2026Neuren's European Daybue jump puts one-drug royalties ahead of the pipelineNeuren (ASX:NEU) jumped after Daybue won an EU approval positive opinion; the question is how much royalty duration the tape just capitalised.
- 26 June 2026a2 Milk's A$300m payout rides China-label registrations, not a birth-rate turna2 Milk (ASX:A2M) is paying out A$300m on the back of China-label registrations, not a birth-rate turn — can share gains outrun a shrinking market?
- 26 June 2026Northern Star tracks bullion higher but the market still won't pay for record gold marginsNorthern Star (ASX:NST) is riding record gold prices, yet the market still won't pay for the margins. We test whether KCGM and Hemi can convert bullion into cash.
- 25 June 2026Worley's A$110m FY26 hit is timing and currency; the tape priced a structural resetWorley (ASX:WOR) took an A$110m hit from timing and currency, but the tape priced a structural reset — do delayed Middle East awards convert to backlog?
- 25 June 2026Judo's credit reset turns a growth-bank story into a cost-of-risk argumentJudo Bank's credit downgrade erased about 40% of ASX:JDO. We test whether three bad loans are idiosyncratic or a structural cost-of-risk reset.
- 24 June 2026Pro Medicus's contract wins are real; its 160-times multiple is the wagerPro Medicus (ASX:PME) keeps winning marquee US imaging contracts, but a ~160x multiple is the real wager. We test whether 20%+ growth can outrun the valuation.
- 24 June 2026Santos shed its takeover premium just as Barossa and Pikka come onlineSantos (ASX:STO) shed its takeover premium just as Barossa and Pikka come online. We test whether the ~30% production step-up converts to free cash as oil cools.
- 23 June 2026Woodside has surrendered most of its oil-war spike, leaving the LNG build to set the priceWoodside (ASX:WDS) has given back most of its oil-war price spike, leaving the Scarborough LNG build to set the story — does the growth bill convert to cash?
- 23 June 2026China's export blacklist re-rated Lynas from price-taker to strategic assetChina's rare-earth export blacklist re-rated Lynas (ASX:LYC) from price-taker to strategic asset. We test whether the NdPr premium and ex-China supply case hold.
- 22 June 2026MinRes wears the lithium selloff hardest because of the A$5.3bn behind itMineral Resources (ASX:MIN) wore the lithium selloff hardest because of the A$5.3bn debt behind it — can Onslow Iron carry the group until spodumene recovers?
- 22 June 2026Pilbara's P2000 down payment lands in a lithium selloff it didn't causePilbara Minerals (ASX:PLS) put money down on its P2000 expansion into a lithium selloff it didn't cause — does its low-cost position justify growth at the trough?