Australian Stocks Rise, Led by Macquarie After U.S. Share Rally(页 1) - 房地产贷款投资专区 -
2007-8-7 23:33
zwilliam
Australian Stocks Rise, Led by Macquarie After U.S. Share Rally
By Emma O'Brien
Aug. 7 (Bloomberg) -- Australian stocks rebounded, led by Macquarie Bank Ltd. and Westfield Group, after U.S. shares rallied the most in four years on speculation the government there will take steps to limit losses in mortgage lending.
Shares of companies including Axa Asia Pacific Holdings Ltd. and Centro Retail Group rose after they reported higher earnings.
``People are starting to see that this is a U.S. economic problem'' whose main effects will probably be contained there, said Atul Lele, who helps manage the equivalent of $380 million at White Funds Management in Sydney. ``Axa was a great result and bodes well for the financial services sector and the market overall.''
The S&P/ASX 200 added 64.80, or 1.1 percent, to 5,985.0 at the close in Sydney. About three stocks rose for each that fell. The benchmark declined 1.7 percent yesterday.
Macquarie, Australia's largest securities firm which last week said investors in two of its funds may lose 25 percent of their money because of turmoil in the credit markets, gained A$4.28, or 6.1 percent, to A$74.33.
Westfield Group, the world's biggest shopping center owner by market value, rose 28 cents, or 1.5 percent, to A$19.03. CSL Ltd., the world's second-largest maker of blood plasma products that made 46 percent of its sales in North America last year, climbed A$2.68, or 3.1 percent, to A$88.61.
U.S. stocks rallied on gains by financial companies Citigroup Inc., American International Group Inc. and Wells Fargo & Co., which helped the Standard & Poor's 500 Index and Dow Jones Industrial Average rebound from three weeks of declines. U.S. stocks recouped $363 billion in market value after posting their steepest three-week loss since 2003.
Housing Slump
The U.S. housing market is mired in the worst slump since 1991 as banks and brokerages see loan demand dry up, securities backed by mortgages decline in value and investors avoid buying debt to finance takeovers.
The Federal Reserve meets to review interest rates today and some investors and economists say they may suggest after their meeting that the risks to economic growth have increased following the rout in stock and credit markets since mid-July.
Axa, the Australian unit of Europe's second-biggest insurer, rose 41 cents, or 5.8 percent, to A$7.44. The company said first- half profit rose 23 percent as its managed funds expanded amid record pension savings and a rising stock market. Net income rose to A$374 million ($320 million) in the six months ended June 30, from A$304 million a year earlier.
Centro, a unit of Australia's second-biggest owner of shopping centers, added 10 cents, or 6.3 percent, to A$1.68. Centro increased second-half profit 67 percent, as incomes and property values rose at its U.S. and Australian malls.
Operating profit distributable to shareholders advanced to A$52.1 million in the six months to June 30, from A$31.1 million a year earlier.
The S&P/ASX 200 Index's futures contract for September gained 1.2 percent to 5,966. The broader All Ordinaries Index rose 1.1 percent, to 6,013.60.
The following shares also rose or fell. The stock symbols are in brackets after the company names.
Advance Healthcare Group Ltd. (AHG AU), a human and animal drug and vaccine developer, added 0.1 cent, or 5.3 percent, to 2 cents. Advance said it won a two-year contract to supply products to 32 sites owned by care providers Brightwater Care Group and Amana Living.
Austar United Communications Ltd. (AUN AU), the Australian pay-TV company controlled by U.S. billionaire John Malone, lost 3 cents, or 2 percent, to A$1.48. The company was cut to ``underweight'' from ``hold'' at JPMorgan because of its unrealistic margin expectation, analyst Dee Senaratne said.
Australian Agricultural Co. (AAC AU), the nation's largest cattle rancher, lost 23 cents, or 7.1 percent, to A$2.99. The company said first-half profit fell 31 percent from a year earlier result which included a one-time tax gain.
Fairfax Media Ltd. (FXJ AU), Australia's second-largest newspaper publisher, gained 7 cents, or 1.5 percent, to A$4.67. Its shares were raised to ``buy'' from ``neutral'' at Merrill Lynch & Co. on expectations it may raise its profit forecast.
Halcyon Group Ltd. (HCY AU), which has a venture with Minara Resources Ltd., declined 0.4 cent, or 10 percent, to 3.6 cents. The miner said it acquired the Goongarrie East Project from Monarch Gold Mining Company Ltd., expanding its uranium and nickel interests.
Hills Industries Ltd. (HIL AU), whose products range from ladders to television antennas to children's play equipment, gained 5 cents, or 0.9 percent, to A$5.85. The company said full- year net profit rose 9 percent to A$47.2 million. Hills said it expects a ``modest'' increase in profit next year and will issue a 14 cent dividend.
Novo Energy Ltd. (NEL AU), a uranium explorer, rose 30 cents, or 8.1 percent, to A$4. Toro Energy Ltd. (TOE AU), a South Australia state-based uranium miner, gained 5.5 cents, or 6.9 percent, to 85.5 cents. Toro is offering 5.5 of its shares for every share in Nova, valuing it at about A$276 million. The takeover is supported by the companies' biggest shareholder Oxiana Ltd.
Primary Health Care Ltd. (PRY AU), an Australian owner of medical clinics, rose 5 cents, or 0.4 percent, to A$12.02. The company said full-year profit rose 20 percent as it opened new centers and its doctors treated more patients. Net income increased to A$56.9 million in the 12 months ended June 30, from A$47.5 million a year earlier.
Publishing & Broadcasting Ltd. (PBL AU), Australia's biggest casino operator which also operates gaming venues in Macau, added 68 cents, or 4 percent, to A$17.90. Wynn Resorts Ltd., a Las Vegas-based casino operator, yesterday reported a second-quarter profit of $89.6 million as sales doubled because of its Macau resort.
Sunshine Gas Ltd. (SHG AU), an Australian natural gas explorer, gained 6 cents, or 6.7 percent, the most in two months, to 96 cents. The company said an independent examination of reserves at a field in Queensland state showed it is commercial.
By Emma O'Brien
Aug. 7 (Bloomberg) -- Australian stocks rebounded, led by Macquarie Bank Ltd. and Westfield Group, after U.S. shares rallied the most in four years on speculation the government there will take steps to limit losses in mortgage lending.
Shares of companies including Axa Asia Pacific Holdings Ltd. and Centro Retail Group rose after they reported higher earnings.
``People are starting to see that this is a U.S. economic problem'' whose main effects will probably be contained there, said Atul Lele, who helps manage the equivalent of $380 million at White Funds Management in Sydney. ``Axa was a great result and bodes well for the financial services sector and the market overall.''
The S&P/ASX 200 added 64.80, or 1.1 percent, to 5,985.0 at the close in Sydney. About three stocks rose for each that fell. The benchmark declined 1.7 percent yesterday.
Macquarie, Australia's largest securities firm which last week said investors in two of its funds may lose 25 percent of their money because of turmoil in the credit markets, gained A$4.28, or 6.1 percent, to A$74.33.
Westfield Group, the world's biggest shopping center owner by market value, rose 28 cents, or 1.5 percent, to A$19.03. CSL Ltd., the world's second-largest maker of blood plasma products that made 46 percent of its sales in North America last year, climbed A$2.68, or 3.1 percent, to A$88.61.
U.S. stocks rallied on gains by financial companies Citigroup Inc., American International Group Inc. and Wells Fargo & Co., which helped the Standard & Poor's 500 Index and Dow Jones Industrial Average rebound from three weeks of declines. U.S. stocks recouped $363 billion in market value after posting their steepest three-week loss since 2003.
Housing Slump
The U.S. housing market is mired in the worst slump since 1991 as banks and brokerages see loan demand dry up, securities backed by mortgages decline in value and investors avoid buying debt to finance takeovers.
The Federal Reserve meets to review interest rates today and some investors and economists say they may suggest after their meeting that the risks to economic growth have increased following the rout in stock and credit markets since mid-July.
Axa, the Australian unit of Europe's second-biggest insurer, rose 41 cents, or 5.8 percent, to A$7.44. The company said first- half profit rose 23 percent as its managed funds expanded amid record pension savings and a rising stock market. Net income rose to A$374 million ($320 million) in the six months ended June 30, from A$304 million a year earlier.
Centro, a unit of Australia's second-biggest owner of shopping centers, added 10 cents, or 6.3 percent, to A$1.68. Centro increased second-half profit 67 percent, as incomes and property values rose at its U.S. and Australian malls.
Operating profit distributable to shareholders advanced to A$52.1 million in the six months to June 30, from A$31.1 million a year earlier.
The S&P/ASX 200 Index's futures contract for September gained 1.2 percent to 5,966. The broader All Ordinaries Index rose 1.1 percent, to 6,013.60.
The following shares also rose or fell. The stock symbols are in brackets after the company names.
Advance Healthcare Group Ltd. (AHG AU), a human and animal drug and vaccine developer, added 0.1 cent, or 5.3 percent, to 2 cents. Advance said it won a two-year contract to supply products to 32 sites owned by care providers Brightwater Care Group and Amana Living.
Austar United Communications Ltd. (AUN AU), the Australian pay-TV company controlled by U.S. billionaire John Malone, lost 3 cents, or 2 percent, to A$1.48. The company was cut to ``underweight'' from ``hold'' at JPMorgan because of its unrealistic margin expectation, analyst Dee Senaratne said.
Australian Agricultural Co. (AAC AU), the nation's largest cattle rancher, lost 23 cents, or 7.1 percent, to A$2.99. The company said first-half profit fell 31 percent from a year earlier result which included a one-time tax gain.
Fairfax Media Ltd. (FXJ AU), Australia's second-largest newspaper publisher, gained 7 cents, or 1.5 percent, to A$4.67. Its shares were raised to ``buy'' from ``neutral'' at Merrill Lynch & Co. on expectations it may raise its profit forecast.
Halcyon Group Ltd. (HCY AU), which has a venture with Minara Resources Ltd., declined 0.4 cent, or 10 percent, to 3.6 cents. The miner said it acquired the Goongarrie East Project from Monarch Gold Mining Company Ltd., expanding its uranium and nickel interests.
Hills Industries Ltd. (HIL AU), whose products range from ladders to television antennas to children's play equipment, gained 5 cents, or 0.9 percent, to A$5.85. The company said full- year net profit rose 9 percent to A$47.2 million. Hills said it expects a ``modest'' increase in profit next year and will issue a 14 cent dividend.
Novo Energy Ltd. (NEL AU), a uranium explorer, rose 30 cents, or 8.1 percent, to A$4. Toro Energy Ltd. (TOE AU), a South Australia state-based uranium miner, gained 5.5 cents, or 6.9 percent, to 85.5 cents. Toro is offering 5.5 of its shares for every share in Nova, valuing it at about A$276 million. The takeover is supported by the companies' biggest shareholder Oxiana Ltd.
Primary Health Care Ltd. (PRY AU), an Australian owner of medical clinics, rose 5 cents, or 0.4 percent, to A$12.02. The company said full-year profit rose 20 percent as it opened new centers and its doctors treated more patients. Net income increased to A$56.9 million in the 12 months ended June 30, from A$47.5 million a year earlier.
Publishing & Broadcasting Ltd. (PBL AU), Australia's biggest casino operator which also operates gaming venues in Macau, added 68 cents, or 4 percent, to A$17.90. Wynn Resorts Ltd., a Las Vegas-based casino operator, yesterday reported a second-quarter profit of $89.6 million as sales doubled because of its Macau resort.
Sunshine Gas Ltd. (SHG AU), an Australian natural gas explorer, gained 6 cents, or 6.7 percent, the most in two months, to 96 cents. The company said an independent examination of reserves at a field in Queensland state showed it is commercial.
2007-8-8 00:37
zwilliam
就知道Macquarie bank会升回来
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