Cochlear (CHEOY) had declared $1.75/share final dividend.
By Greg Peel Choosing to Follow On It was a rock’n’roll session on the ASX200 on Friday, ahead of a flat close. The futures had said down -28 on Wall Street weakness, the ASX200 fell -22 points on the open, but by 12.30pm was up 21. Then it sold off in the afternoon. The market appeared to largely ignore Wall Street and concentrate on earnings results, although the 12.30pm pivot may have been as a result of the Japanese CPI coming in unchanged at 3.3% when 2.5% was forecast. Friday’s was only a smallish list of reporting companies, compared to Thursday’s extensive list, thus while there were some sharp moves for Friday’s reporters, more notable were follow-on moves from Thursday’s reports, post broker analysis. Magellan Financial ((MFG)) was the big winner among the Friday crowd with a 13.3% gain, after announcing a special dividend and cost cutting. Property Fund manager Centuria Capital ((CNI)) went the other way, falling -5.9%. Yet the real estate sector won the day with a 1.7% gain, thanks to a whopping follow-on surge for Goodman Group ((GMG)), up 7.3% on analyst assessments.
The new Osia ® System with Osia OSI300 Implant enables patients to undergo MRI at 3.0 Tesla (T) without the need for surgery This has been made possible by the OSI300''s unique Piezo Power™ technology and next-generation 3.0 T magnet technology The Osia System, which launched commercially in 2020, is indicated for people with conductive hearing loss, mixed hearing loss and single-sided sensorineural deafness (SSD) LONE TREE, Colo. , Aug. 18, 2023 /PRNewswire/ -- Cochlear Limited (ASX: COH), the global leader in implantable hearing solutions, introduces its next generation Cochlear ™ Osia ® System with the ability to have an MRI at 3.0 T, designed to improve hearing outcomes for people with conductive hearing loss, mixed hearing loss and single-sided sensorineural deafness (SSD). The new Osia® System with Osia OSI300 Implant enables patients to undergo MRI at 3.0 T without the need for surgery. The new Osia System offers the proven benefits as the current version: excellent hearing outcomes 1 , ease of use, discreetness and reliability 2 .
Cochlear press release (CHEOF): FY 2023 sales revenue increased 19% to a record $1,956 million, with strong growth across all business units.Statutory net profit increased 4% to…
Healthcare stocks rallied 3.2 per cent, sending the benchmark S&P/ASX 200 Index up 28 points, or 0.4 per cent, to 7305.
Dig Howitt, CEO and President of Cochlear, shares the company''s growth strategy in Asia.
ASX pushed higher after earnings reports by majors Cochlear, CSL, and Seek reported results today In a surprising move, China’s central bank PBOC cuts its key lending rates The ASX 200 gained around 0.3% on Tuesday after a slew of earnings reports pushed the local bourse higher. Healthcare was the best performing sector, up by 3%, driven by a 5% lift from sector leader CSL (ASX:CSL) – more details below. The Tech sector also gained almost 2%, mostly driven by sentiment as Nasdaq and Mega Techs rose overnight. More bad news, however, for iron ore miners, with futures in Singapore trading below $US100 a tonne to near the lowest level since June. Oil stocks were also sold down as crude prices slipped by 1% overnight on concerns around the health of China and appreciation of the USD. And there was more bad news from China today, with July industrial output and retail sales growth coming in below forecasts. In a surprising move, China’s central bank PBOC unexpectedly cut its rates by 15bp this afternoon in response to the deteriorating data.
The device maker, which grew profits but saw a margin squeeze, is forecasting a boost this year.
Australian shares rose on Tuesday, helped by the gains in banks and technology stocks, while healthcare stocks CSL and Cochlear rallied after recording higher annual earnings. The S&P/ASX 200 index climbed 0.3% to 7,300.7 by 0046 GMT, its biggest intraday gain since Aug. 8. The benchmark ended down 0.9% on Monday. On the domestic bourse, banks rose 0.4%. The “big four” banks advanced between 0.1% and 1.3%. National Australia Bank said its third-quarter margins declined due to increased home lending competition and higher deposit costs. Its shares, however, inched up 1.3%. Technology stocks rose 1.2%, tracking an overnight Wall Street rebound in peers. Australia shares set for worst day in nearly 2 weeks as banks, miners weigh Heavyweights Xero and ASX-listed shares of Block gained 0.9% and 0.7%, respectively. Gold stocks, on the other hand, extended losses, falling 0.8% as a stronger dollar took the shine off bullion, while investors awaited fresh catalysts to gauge the downside risks after mixed US inflation numbers last week.