Weekly | Is $LNW's 14% Rise Due to Earnings and ASX Plans?
As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,769.70 on Friday, down 1.00% in the past 5 days.
1. $Light & Wonder Inc(LNW.AU)$ +14.05%
The company reported a significant 78% jump in net income and an 18% rise in AEBITDA for the third quarter, which surpassed market expectations . This impressive profit growth on modest revenue increase demonstrated strong operating leverage and cost discipline .
Investor excitement was fueled by the company's planned transition to a sole primary listing on the ASX, which was on schedule . This move is anticipated to close the valuation gap with other ASX-listed gaming peers and could lead to a significant re-rating of the stock .
LNW returned $111 million to shareholders through share buybacks in the third quarter . This aggressive capital return program, alongside strong free cash flow generation, signaled strong management confidence in the company's financial health and future prospects .
2. $ASX LTD(ASX.AU)$ +5.72%
The share price increase was primarily driven by Macquarie upgrading its rating on ASX Ltd to "Outperform" from "Neutral" .The upgrade was due to observed momentum in equities and futures trading volumes, which are central to ASX Ltd's business as a stock exchange operator .Macquarie noted that at current trading multiples, the company's valuation had become attractive for investors .
3. $AMCOR PLC-CDI(AMC.AU)$ +5.71%
Amcor's first-quarter adjusted earnings per share beat analyst estimates. The company reported significant growth in key financial metrics, including a 68% jump in net sales and a 92% surge in adjusted EBITDA compared to the prior year.
The excellent results marked the first full quarter of the combined Amcor and Berry business. The market reacted positively as the integration was on track, with the company realizing approximately $38 million in synergies—at the high end of expectations—and providing strong future synergy targets.
Management reaffirmed its fiscal 2026 guidance, projecting 12-17% growth in adjusted EPS. Confidence in future growth and cash flow was further demonstrated by a 2% increase in the quarterly dividend.
4. $WOODSIDE ENERGY GROUP LTD(WDS.AU)$ +4.19%
The company projected a 50% increase in its dividend per share by 2032 and forecasted net operating cash flow to grow to around US$9 billion by the early 2030s.
Major projects like the Scarborough LNG (91% complete) and Louisiana LNG are advancing on schedule. These are expected to drive a significant increase in sales volume, from 203.5 million barrels of oil equivalent (MMboe) in 2024 to over 300 MMboe by 2032.
Management expressed strong confidence in ongoing robust global demand for LNG, which it forecasts to grow by 60% by 2035. This outlook supports its strategy and growth investments.
5. $FISHER & PAYKEL HEALTHCARE C(FPH.AU)$ +2.88%
The market widely anticipates that the Reserve Bank of Australian will further ease policy, such as implementing interest rate cuts. This expectation typically boosts the overall performance of the stock market.
The Australian stock market rebounded, led by sectors like technology and healthcare. This reflects a potential shift in investor risk appetite towards growth stocks.
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