Q&A for Sat Weekend report – ASB & XRO

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

Ask a question

The Latest Q&A

Question asked 09/02/2024

Q&A for Sat Weekend report – ASB & XRO

Hi James and Team ASB - Can I have your current view on Austal - it has rallied recently. It reports on 26 Feb. Would you hold until they report or do you feel they will disappoint again and would sell into this rally? XRO - Xero does not report full year results until May 2024. After disappointing the market in Nov 2023 in their half-year results are you still looking at selling into strength with a price target of $120 still looking possible or has this sell price target been lowered? regards

Answer

Hi,

ASB: Our gut feel is they’ll report okay, recent announcements have been positive.
XRO: Price target remains $120 for us. We don’t see any reason to lose patience with this.

chart

Austal (ASB)

LAST UPDATED 09/02/2024 11:38

Latest Reports

Weekend report 27/04/2024

Weekend Q&A: Strong inflation crushes hopes of a rate cut in 2024

Afternoon report 26/04/2024

The Match Out: ASX (nearly) gives up week’s gain in tough Friday session

The local market dropped ~100 points on the open, failing to see any reprieve following two weaker sessions out in the US since our close on Wednesday. After dropping back below 7600 the index traded in a reasonably tight 30-point range for the rest of the session, failing to join in on the rally across the region and what’s showing on the US Futures ahead of their Friday session. BHP managed to take 31pts off the market alone today, weakness coming after they lobbed an all scrip bid for Anglo American (AAL LN). Despite the soggy end to the week, the ASX200 finished marginally higher, +8pts / +0.11%.