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    APT   AU000000APT1

AFTERPAY LIMITED

(APT)
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Australia shares snap 3-day losing streak; South32 jumps on copper bet

10/14/2021 | 02:17am EST

Oct 14 (Reuters) - Australian shares snapped three straight sessions of losses on Thursday, helped by tech stocks and a near 5% jump by South32 after it forayed into copper just as demand is expected to boom.

The diversified miner ploughed $1.55 billion for a 45% stake in the Sierra Gorda copper mine in Chile, the world's largest copper-producing country, sending shares soaring by their most since April.

The benchmark ASX 200 climbed half a percent to 7,311.7, with a recovery in iron ore miners such as Fortescue and Rio Tinto providing a lift.

Rio Tinto will provide a third-quarter production update on Friday.

Tech stocks climbed more than 3% following gains on the tech-heavy Nasdaq overnight. The country's two biggest buy-now-pay-later firms, Afterpay and Zip Co Ltd , were both up more than 4%.

Crown Resorts rose 3.7% ahead of Friday's decision on its main gambling licence amid worries about regulatory scrutiny of the casino sector.

An inquiry may declare Crown unfit for its main gambling licence, but it is expected to be allowed to keep its casino in Melbourne open with conditions because of its outsized economic role.

The top gainer on the benchmark stock index was Netwealth after it reported record inflows in the September quarter.

In New Zealand, shares edged 0.2% higher to 13,048.49, with a2 Milk up nearly 5% after Wednesday's rally.

Hopes for a recovery in China, a2's main market, following an upbeat quarterly update by a smaller peer have boosted the dairy firm stock that has lost more than a half its value since December last year. (Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Subhranshu Sahu)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AFTERPAY LIMITED 1.34% 110.55 End-of-day quote.-6.31%
CROWN RESORTS LIMITED -0.98% 11.1 End-of-day quote.15.26%
FORTESCUE METALS GROUP LIMITED 2.39% 17.6 End-of-day quote.-24.88%
NETWEALTH GROUP LIMITED 4.06% 16.15 End-of-day quote.1.32%
THE A2 MILK COMPANY LIMITED -1.27% 6.2 End-of-day quote.-48.63%
ZIP CO LIMITED 1.35% 5.24 End-of-day quote.-0.95%
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More news
Analyst Recommendations on AFTERPAY LIMITED
More recommendations
Financials
Sales 2022 1 475 M 1 049 M 1 049 M
Net income 2022 -30,8 M -21,9 M -21,9 M
Net Debt 2022 591 M 421 M 421 M
P/E ratio 2022 -2 625x
Yield 2022 -
Capitalization 32 089 M 22 841 M 22 816 M
EV / Sales 2022 22,2x
EV / Sales 2023 14,9x
Nbr of Employees 1 300
Free-Float 77,7%
Chart AFTERPAY LIMITED
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Afterpay Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends AFTERPAY LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 110,55 AUD
Average target price 127,16 AUD
Spread / Average Target 15,0%
EPS Revisions
Managers and Directors
Anthony Mathew Eisen Co-CEO, Executive Director & Managing Director
Nicholas David Molnar Co-CEO, Executive Director & Managing Director
Rebecca Lowde Chief Financial Officer
Elana Rubin Independent Chairman
Dana Stalder Independent Non-Executive Director
Sector and Competitors
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FLEETCOR TECHNOLOGIES, INC.-21.94%17 294
NEXI S.P.A-15.58%16 166