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ASX:NWL

7 stories mentioning ASX:NWL

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Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Tuesday.ASX (ASX:ASX): -12%, AU$51.51Elevra (ASX:ELV): -7%, AU$12.75PEXA Group (ASX:PXA): -7%, AU$10.67Infratil (ASX:IFT): -5%, AU$12.29Yancoal Australia (ASX:YAL): -4%, AU$6.69Telix Pharmaceuticals (ASX:TLX): -4%, AU$12.82Challenger (ASX:CGF): -4%, AU$8.89Whitehaven Coal (ASX:WHC): -4%, AU$8.51Netwealth Group (ASX:NWL): -3%, AU$21.69Paladin Energy (ASX:PDN): -3%, AU$11.13

ASX 200ASX:ASXASX:CGFASX:ELVASX:IFTASX:NWLASX:PDNASX:PXAASX:TLXASX:WHCASX:YAL
Asia

HUB24's Q3 Net Inflows Disappoint, Netwealth Shows Better Value, Says Jefferies

HUB24's (ASX:HUB) net inflows of about AU$4 billion were below the recent trend as the seven-quarter moving average is at around AU$5.1 billion, according to a Thursday Jefferies note.The company on Tuesday said its total funds under administration clocked in at AU$151.74 billion as of March 31, up 22% from the AU$124.13 billion a year earlier.The investment firm said that while the share price reaction to the trading update was "harsh," it's difficult for the stock not to disappoint, which is trading at 46 times its fiscal 2027 price-to-earnings ratio.Jefferies sees better value in Netwealth Group (ASX:NWL) and Generation Development Group (ASX:GDG), as it said that they have a three-year price-to-earnings growth ratio of about 2 times and 1.26 times, respectively, while trading at significant discounts on their fiscal 2027 price-to-earnings multiples.Jefferies kept a hold rating on Hub24 and increased its price target to AU$94 from AU$93.50.

ASX:GDGASX:HUBASX:NWL
Asia

Jarden Adjusts Netwealth Group's Price Target to AU$25.70 from AU$25.35, Keeps at Neutral

Netwealth Group (ASX:NWL) has an average rating of overweight and mean price target of AU$28.22, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

ASX:NWL
Asia

Netwealth's FUA Net Flows in Fiscal Q4 Likely to See Seasonal Step-up, Jarden Says

Netwealth Group's (ASX:NWL) funds under administration (FUA) net flows are likely to see a seasonal step-up in the fiscal fourth quarter, which would see the fiscal 2026 outcome tracking slightly ahead of its guidance range, Jarden said in a Thursday note.It raised its earnings-per-share forecasts by 0.1% for fiscal 2026, 1.5% for fiscal 2027, and 1.6% for fiscal 2028.Jarden also flagged the risk of higher cost growth due to the enforceable undertaking, regulatory scrutiny, and recent treasury consultations.The investment firm retained its neutral recommendation on Netwealth Group and raised the price target to AU$25.70 from AU$25.35.Netwealth Group's shares gained 1% in recent Friday trade.

ASX:NWL
Asia

Netwealth Outlook Positive but Market Volatility to Weigh on Earnings, Says Jefferies

Netwealth Group's (ASX:NWL) strong third-quarter update, ongoing demand for managed accounts and the upcoming HIN launch in July, which is expected to open a new market category, reinforce optimism about the company's forward outlook, Jefferies said in a note on Thursday.The company posted Q3 total funds under administration of AU$125.8 billion, with net inflows of AU$4 billion offsetting market declines of AU$3.7 billion.The investment firm trimmed its fiscal 2026 EPS estimates by 3% due to market volatility and slightly increased fiscal 2028 EPS estimates by 1%.However, Jefferies said the company's reiteration of 2026 guidance helped ease concerns around market volatility.Jefferies maintained a buy rating and raised its price target to AU$30.25 from AU$28.

ASX:NWL
Asia

Australian Shares Decline; Ora Banda Mining Posts Higher March Quarter Gold Production

Australian shares fell on Wednesday's close amid optimism about a ​US-Iran ceasefire.The S&P/ASX 200 Index fell 23.70 points, or 0.26%, to close at 8,955.The US and Iran are weighing further talks as mediation efforts continue to prevent the resumption of the conflict in the Middle East. Brent crude oil futures were steady at $95.02 per barrel. Spot gold climbed nearly 1% to $4,830.82 per ounce.On Wall Street, the Nasdaq rose 1.6%, and the S&P 500 climbed 0.8% to reach record closing highs on Wednesday. Meanwhile, the Dow Jones slid 2%.On the domestic front, Australia's seasonally adjusted unemployment rate remained at 4.3% in March, unchanged from the previous month, data from the Australian Bureau of Statistics showed. The total number of employed people increased by 17,900, bringing the total to 14.8 million.Australia's consumer inflation expectations rose by 0.7 percentage points in April to 5.9%, driven largely by a recent spike in oil prices, according to the Melbourne Institute Survey of Consumer Inflationary Expectations.In company news, Ora Banda Mining (ASX:OBM) said gold production in the March quarter rose 21% to 38,766 ounces from the December 2025 quarter, with 38,637 ounces sold and fiscal 2026 year-to-date production totaling 101,200 ounces. Its shares rose 9% on market close.Netwealth Group (ASX:NWL) reported funds under administration of about AU$125.79 billion at the close of the March quarter, up almost 21% from AU$104.08 billion at the end of the same quarter a year earlier. Its shares closed up 6%.Lastly, Viva Energy Group (ASX:VEA) requested an immediate trading halt on the Australian Securities Exchange as it prepares to announce the impact of a significant fire at its Geelong Refinery. The facility, one of only two refineries still operating in Australia, has a processing capacity of 120,000 barrels of oil per day, and it reportedly accounts for 10% of Australia's fuel supply and 50% of the fuel used in Victoria.

ASX 200ASX:NWLASX:OBMASX:VEA
Asia

Netwealth Group Reports Growth in March Quarter Funds Under Administration; Shares Jump 6%

Netwealth Group (ASX:NWL) reported funds under administration (FUA) of about AU$125.79 billion at the close of the March quarter, up almost 21% from AU$104.08 billion at the end of the same quarter a year earlier, according to a Thursday filing with the Australian bourse.FUA net flows for the March quarter were AU$3.96 billion, compared with AU$3.51 billion a year earlier, per the filing.Meanwhile, the total number of accounts increased by more than 13% year over year to 176,675.The company's shares jumped almost 6% in recent Thursday trade.

ASX:NWL