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    ASW   AU000000ASW9

ADVANCED SHARE REGISTRY LIMITED

(ASW)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 09/27
0.93 AUD   0.00%
03:12aADVANCED SHARE REGISTRY : Market Update - 28 September 2021
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09/27ADVANCED SHARE REGISTRY : Market Update - 27 September 2021
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09/24ADVANCED SHARE REGISTRY : Market Update - 24 September 2021
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Advanced Share Registry : Market News 4 May 2021

05/04/2021 | 04:21am EDT

The selling in May so far has been confined to intraday losses for the Dow but still closed comfortably green after being a lot greener earlier in the session. The index surrendered strength from the relentless re-opening thematic that were driving commodity and industrial shares in the morning session until a couple of tech giants played spoiler and dragged the Nasdaq off while the SNP was restrained to 03% up. The Dow made a respectable 0.7% as Teslas -3.5% loss together with Amazons -2.3% delivered red ink for the other benchmarks.

The EV car makers Chinese PR troubles have drawn scrutiny from Communist Party watchdogs/lapdogs, which raised its risk profile. S&P 500 component, clothing giant Gap soared 9.1 per cent after promising to do better following miserable fourth-quarter results they couldn't dress up. Fellow indexer Estee Lauder lost 6.9 per cent after they failed to make up the difference between expectations and reality for third-quarter sales. The Nasdaq 100 would have fallen further if not for Modernas 4.3% booster shot following a promise to deliver 34 million COVID-19 vaccines this year.

Numbers from The Institute for Supply Management revealed their manufacturing index at 60.7% in April, down from a 38-year high of 64.7% in the prior month. Anything over fifty is expansionary, but the numbers show manufacturer supply chain shortages continue pushing prices up.

Rising costs for essentials like steel (as Chinese Trump tariffs have been uninterrupted by Biden) and other fundamental materials, pushed costs up on colours, film, corrugate and resins. Inflation watchdogs will nod sagely at the ISM's price gauge, with the index at 13-year high now. That's twice as high as it was just before the pandemic occurred as factories and home builders come up short on semiconductors and raw materials. While consumers are spending, extended waits for delivery on large items is commonplace while restaurants and gyms also grapple with a worker shortage. While the Bulls pass these issues off as mere (re-opening) indigestion, it's clear some issues run a lot deeper.

There is some rising caution about these issues despite tame equities. Investors positioning for inflation and the Fed tapering have recently accelerated their move to cash to the tune of $57.3bn, which is the quickest monthly rate since March 2020, according to analysts at Bank of America. Flows into equity funds also dropped appreciably last week. On the other dominant hand, individuals also hold more equities now than ever before, with margin loans being used to amplify that weight.

Lower risk tolerances are more evident in Americas' SPAC boom, or what the ASX would call a Cash Box. Long since banned here, they're little more than a listed pile of cash looking for investment opportunities. In fact, it's nothing more than that so little surprise that these stocks have dropped by an average of two-fifths from their highs even after they've acquired an investment. Market frenzies always welcome a high number of underwhelming individuals raising money, as too much money overwhelms any sense of risk tolerances. Several have lost over 75% from their peak now.

US Dow Jones 34113.23 +238.38 +0.7%
US S&P500 4192.66 +11.49 +0.3%
US Nasdaq 13895.12 -67.563 -0.5%
UK FTSE 6969.81 cl. cl.
German Dax 15236.47 +100.56 +0.7%
Gold futures ($US/oz) 1791.8 +24.1 +1.4%
Spot Iron Ore ($US/t) 186.45 +0 +0%

Europes' STOXX 600 index was up 0.6% as Covid-19 restrictions on tourism will soon be reduced by the European Commission. Booming Eurozone manufacturing pushed their PMI to a record for a second month running as output and order books improved at speeds unsurpassed since the IHS Markit survey began in 1997. Like the US reported, profit growth has hit almost 75 per cent YoY. Average earnings have also surpassed consensus expectations of miserable analysts by 15 per cent in the EU too. Our futures are up 14 after the S&P/ASX 200s' flatlined close of + three points Monday.

Disclaimer:
Produced by Advanced Share registry based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither Advanced Share registry (ABN 14 127 175 946) nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The report has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial situation and needs and, if necessary, seek appropriate professional advice. This report does not purport to be a complete statement or summary.

Disclaimer

Advanced Share Registry Limited published this content on 04 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 May 2021 08:20:02 UTC.


ę Publicnow 2021
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Financials
Sales 2021 6,75 M 4,89 M 4,89 M
Net income 2021 2,59 M 1,88 M 1,88 M
Net cash 2021 5,16 M 3,74 M 3,74 M
P/E ratio 2021 15,4x
Yield 2021 4,84%
Capitalization 40,0 M 28,9 M 28,9 M
EV / Sales 2020 4,27x
EV / Sales 2021 5,15x
Nbr of Employees 20
Free-Float 32,8%
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Managers and Directors
Kim Phin Chong Chief Executive Officer, MD & Director
Simon Kenneth Cato Independent Non-Executive Chairman
Patrick Gan Manager-Information Technology
Stuart Third Secretary & Director
Julianne Wu Head-Marketing
Sector and Competitors