the article contains 48 pages, pls CALL a citi broker to get all the details.
Transition from Valuation Support to Earnings Momentum
Twilight Zone/Pain Rally - Markets have rallied on stabilising economic indicators and valuation, despite ongoing earnings risk, a period our strategists call the 'Twilight Zone'. This typifies the mining rally, but risks mount from here as valuations are becoming stretched without a continued rally in commodities.
Sell Rated - PDN downgraded to Sell, from Hold on stretched valuation. FMG and Alumina remain Sell rated driven by earnings pressure from commodities in over supply, although balance sheet risk in both has diminished
citi pdn opinion of yesterday
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Last
$10.09 |
Change
0.190(1.92%) |
Mkt cap ! $3.016B | |||
| Open | High | Low | Value | Volume |
| $10.16 | $10.19 | $9.99 | $15.71M | 1.562M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1986 | $10.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.10 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| PDN (ASX) Chart |