ASX price guide raised

ASX has been bobbing along a little above our trigger for a downgrade to Hold for over a month now, and our procrastination betrays a reluctance to downgrade this high-quality company just as some positive sentiment returns to its markets. So instead we’re going to bite the bullet and raise our price guides to Buy up to $40 (from $35) and Sell above $60 (from $55). The move reflects the improved sentiment, particularly in the float market, although with few secondary capital raisings, it hasn’t made a big difference to forecasts for 2014 earnings per share, for which the...

ASX has been bobbing along a little above our trigger for a downgrade to Hold for over a month now, and our procrastination betrays a reluctance to downgrade this high-quality company just as some positive sentiment returns to its markets.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles