0101 GMT [Dow Jones] Macquarie Group (MQG.AU) up 8.0% at A$50.30, headed higher since
earnings look surprisingly resilient based on AGM comments, says Tolhurst senior private
client adviser Peter Morgan. CEO said current state of financial markets means repeating
last year's record profit of A$1.8 billion is becoming increasingly challenging.
Morgan says even if profit was down 25%, Macquarie should be worth about A$60/share,
applying 12x multiple to A$5.00 EPS. "The fact they've implied earnings are
only slightly down on last year is really quite incredible. It's all very
positive," says Morgan. (DWR)
shorters must be covering.
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Last
$203.93 |
Change
4.660(2.34%) |
Mkt cap ! $78.09B | |||
| Open | High | Low | Value | Volume |
| $201.50 | $203.93 | $200.67 | $158.3M | 779.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7003 | $203.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $203.94 | 9 | 1 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| MQG (ASX) Chart |