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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Domino's Pizza Enterprises Limited    DMP   AU000000DMP0

DOMINO'S PIZZA ENTERPRISES LIMITED

(DMP)
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Australian shares jump 1% as cenbank holds rates on housing market boom

12/01/2020 | 12:43am EST

* Easy monetary, fiscal policies prop up the economy

* Gold stocks lead gains on ASX benchmark

* NZ shares snap two-day winning streak

Dec 1 (Reuters) - Australian shares ended a three-session losing streak to finish higher on Tuesday as the central bank sounded optimistic about a recovery in the coronavirus-hit economy while keeping interest rates at an all-time low.

The Reserve Bank of Australia (RBA) held rates at near-zero in a widely expected move as easy monetary and fiscal policies underpin the economy, fuelling demand for homes and boosting construction activity.

Economic recovery is underway and recent data have generally been better than expected, said RBA Governor Philip Lowe, while reiterating the board was unlikely to raise the cash rate for at least three years and was prepared to do more if necessary.

The S&P/ASX 200 index was up 1.1% at 6,588.5 points at the close of trade. The benchmark ended lower on Monday over Australia's deepening tensions with its largest trading partner China.

Investor focus will now shift to the third-quarter gross domestic product data, which is likely to show 2.5% growth in the economy in September quarter, bouncing back from its first recession since 1991, according to a Reuters poll.

"With good data coming in over the last couple of days, optimism around an economic bounceback is getting some evidence," said Michael McCarthy, chief market strategist at CMC Markets and Stockbroking.

The Australian Bureau of Statistics showed that government spending rose in the September quarter, aided by a host of fiscal stimulus, while the domestic housing market roared back to life as record-low interest rates boosted demand from first-time buyers.

In broad-based gains, gold stocks climbed 2.9% and led the charge on the benchmark as bullion prices rose on worries over spiking COVID-19 cases.

Fast food retailer Collins Foods and pizza company Domino's Pizza Enterprises were the biggest boost to the benchmark.

New Zealand's benchmark S&P/NZX 50 index snapped two sessions of gains to end 0.3% lower. (Reporting by A K Pranav in Bengaluru, Editing by Sherry Jacob-Phillips)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ASX LIMITED 0.17% 71.73 End-of-day quote.-0.37%
COLLINS FOODS LIMITED 0.31% 9.56 End-of-day quote.-0.83%
DOMINO'S PIZZA ENTERPRISES LIMITED 0.28% 91.7 End-of-day quote.5.79%
S&P/ASX 200 -1.93% 6649.7 Real-time Quote.3.61%
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Financials
Sales 2021 2 133 M 1 622 M 1 622 M
Net income 2021 176 M 134 M 134 M
Net Debt 2021 1 209 M 919 M 919 M
P/E ratio 2021 45,1x
Yield 2021 1,56%
Capitalization 7 998 M 6 147 M 6 084 M
EV / Sales 2021 4,32x
EV / Sales 2022 3,92x
Nbr of Employees 65 000
Free-Float 58,1%
Chart DOMINO'S PIZZA ENTERPRISES LIMITED
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Domino's Pizza Enterprises Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends DOMINO'S PIZZA ENTERPRISES LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 78,71 AUD
Last Close Price 92,44 AUD
Spread / Highest target 7,42%
Spread / Average Target -14,9%
Spread / Lowest Target -39,4%
EPS Revisions
Managers and Directors
NameTitle
Donald Jeffrey Meij Group CEO, Managing Director & Executive Director
John James Cowin Non-Executive Chairman
Richard Coney Group Chief Financial Officer
Michael Gillespie Group Chief Digital & Technology Officer
Norman Ross Adler Non-Executive Deputy Chairman
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