ASX large caps roundup 16 Feb 2022. Picture: Getty Image
ASX Large Caps: Healthcare pushes ASX higher as Liontown snares Tesla deal
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It was mostly about corporate earnings today as investors digested a smorgasbord of half yearly results from some of the bigger names.
As the dust settled, the ASX 200 was up 1%, in line with movements seen on Wall Street overnight.
Healthcare was the clear outperformer, surging by 5.5% on the back of CSL’s solid first half. The blood plasma giant carries more than 60% of the sector’s weighting.
Meanwhile, China’s consumer inflation came in lower than expected, pointing to easing demand in the country which has put pressure on the Mining and Energy sectors today – both were down around 0.5%.
Weakness in both sectors also came amid reports that Russia had pulled some of its troops from the Ukraine border overnight, easing geopolitical tensions and the prices of oil and gold.
Overnight, the spot gold price pulled back 1%, while Brent crude shaved 3% on the news.
BIG CAP WINNERS
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| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| LTR | Liontown Resources | 1.635 | 17.6% | 50,952,988 | $3,047,193,025 |
| IMU | Imugene Limited | 0.31 | 12.7% | 29,873,319 | $1,607,861,526 |
| TWE | Treasury Wine Estate | 11.77 | 11.7% | 4,847,656 | $7,608,279,775 |
| AVZ | AVZ Minerals Ltd | 0.81 | 11.0% | 41,309,998 | $2,520,006,048 |
| VCX | Vicinity Centres | 1.86 | 10.7% | 24,294,849 | $7,647,822,601 |
| CSL | CSL Limited | 264.07 | 8.7% | 1,884,549 | $117,054,622,638 |
| CXO | Core Lithium | 0.81 | 8.0% | 16,639,553 | $1,270,746,937 |
| INR | Ioneer Ltd | 0.615 | 7.9% | 5,859,312 | $1,168,812,587 |
| CTD | Corp Travel Limited | 24.39 | 7.8% | 470,616 | $3,204,842,677 |
| ORA | Orora Limited | 3.56 | 7.6% | 6,028,868 | $2,868,787,728 |
| ASM | Ausstratmaterials | 8.36 | 7.3% | 291,767 | $1,086,751,787 |
| FBU | Fletcher Building | 6.25 | 7.2% | 2,087,216 | $4,718,459,639 |
| PDN | Paladin Energy Ltd | 0.745 | 7.2% | 7,409,625 | $1,861,863,986 |
| LKE | Lake Resources | 0.91 | 7.1% | 7,012,703 | $1,038,955,095 |
| PBH | Pointsbet Holdings | 4.87 | 7.0% | 1,576,540 | $1,202,470,169 |
| GMA | Genworth Mortgage | 2.82 | 6.8% | 55,435,519 | $1,086,339,334 |
| HMC | Homeco Limited | 6.45 | 6.1% | 389,249 | $1,764,819,438 |
Market darling Liontown Resources (ASX:LTR) surged 18% today after signing a sales agreement with Tesla for the supply of lithium spodumene concentrate from its new $473 million Kathleen Valley Project in WA.
From 2024, Tesla will purchase 100,000 dry metric tonnes of spodumene concentrate in the first year, increasing to 150,000 DMT per year for the remaining four years of the five-year term
Blood products giant CSL (ASX:CSL) delivered a 5% jump in revenue for the first half, but its net profit slid by 5%.
Despite the top line growth, net profit declined 5% o $1.76 billion compared to the pcp, but this could be due to the fact that NPAT had risen 45% during the previous year’s half.
Investors gave Treasury Wine (ASX:TWE)’s earnings the thumbs up despite its half year sales revenue falling by 10% to $1.267bn. Bottom line NPAT was down 7.5% to $109m. TWE has been struggling since sales to China virtually evaporated overnight.
BIG CAP LOSERS
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| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| NWL | Netwealth Group | 13.4 | -10% | 2,026,478 | $3,620,620,095 |
| HUB | HUB24 Ltd | 23.52 | -8% | 615,790 | $1,749,241,538 |
| IFT | Infratil Limited | 7.22 | -3% | 5,038 | $5,417,052,581 |
| EML | EML Payments Ltd | 2.92 | -3% | 7,254,018 | $1,127,800,107 |
| STO | Santos Ltd | 7.2 | -3% | 10,892,037 | $25,063,220,099 |
| BFL | Bsp Financial Group | 4.35 | -2% | 3 | $2,079,144,232 |
| BHP | BHP Group Limited | 47.14 | -2% | 9,945,867 | $243,902,731,294 |
| RMS | Ramelius Resources | 1.415 | -2% | 2,959,981 | $1,253,371,483 |
| FMG | Fortescue Metals Grp | 21.15 | -2% | 10,314,775 | $66,474,852,580 |
| GOLD | ETFS GOLD | 241.01 | -2% | 34,143 | $1,387,520,190 |
| ERA | Energy Resources | 0.32 | -2% | 78,196 | $1,199,699,539 |
| LFG | Liberty Fin Group | 5.25 | -2% | 11,946 | $1,618,188,000 |
| SDR | Siteminder | 5.93 | -1% | 338,291 | $1,636,011,809 |
Payment solutions EML Payments (ASX:EML) tanked today as the company reported a 4% decrease (on pcp) of EBITDA to $27m for the half, despite gross revenue increasing by 20% to $114.5m.
Meanwhile, Andrew Forrest will pocket some $950 million in cold hard cash in his first half dividend from Fortescue Metals Group (ASX:FMG) as the Pilbara major reported a US$2.8 billion profit.
FMG will pay $0.86 a share dividend after generating US$4.76 billion in underlying EBITDA in the December half, down from US$6.64b in the first half of 2021.
FMG share price was down 2% today.
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