FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED

(FPH)
  Report
End-of-day quote New Zealand Stock Exchange  -  2022-08-16
21.40 NZD   -0.37%
08/12FISHER & PAYKEL HEALTHCARE : 2022 Annual Shareholders' Meeting Update
PU
07/19FISHER & PAYKEL HEALTHCARE : Application for quotation of securities - FPH
PU
07/06Fisher & Paykel Healthcare Director Retires; Shares Rise 3%
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Australia shares rise; New Zealand falls as cenbank hikes rate

05/25/2022 | 03:13am EDT

* RBNZ hikes official cash rate by 50 basis points

* Kiwi gains after RBNZ rate decision

* Mining, financial stocks lift ASX

May 25 (Reuters) - Australian shares rose on Wednesday, led by gains in heavyweight mining and financial stocks, while New Zealand equities fell after the country's central bank raised interest rates and sharply lifted its projection for future hikes.

The S&P/ASX 200 index closed 0.4% higher at 7,155.20. The benchmark fell 0.3% on Tuesday.

The Reserve Bank of New Zealand raised interest rates by 50 basis points to 2.0%, its fifth straight rate hike, as it seeks to check inflation and signalled the cash rate would peak at a higher level than previously forecast.

The New Zealand dollar climbed, while the benchmark S&P/NZX 50 index ended 0.7% lower at 11,173.37 after rising as much as 0.6% earlier.

"We expect these reactions to extend further over the next few days, given the outcome is a significant hawkish surprise," Imre Speizer, head of NZ strategy at Westpac, said in a note.

Medical device maker Fisher & Paykel Healthcare fell 3.9%, after its full-year profit dropped.

Building material provider Fletcher Building and real estate investment company Kiwi Property fell 2.7% and 1.9%, respectively.

In Australia, heavyweight mining stocks and financial stocks led gains, rising 0.6% and 0.8%, respectively.

Gold stocks rose 2% on strong bullion prices.

Technology stocks dropped 3%, as S&P 500 and tech-focused Nasdaq ended lower overnight on concerns about rising inflation and a sell-off in social media stocks sparked by Snapchat-owner Snap Inc's profit warning.

Software company Megaport fell 5.4%, while Australia-listed shares of Block Inc slipped 5.5%.

"We saw a reasonable broad-based rally as the market is slowly feeling better about itself and investors anticipate that the Fed won't be able to do as many rate rises as they have conveyed to the market," said Brad Smoling, managing director of Smoling Stockbroking.

The minutes of the Federal Bank's monetary policy meeting are expected later in the day. (Reporting by Himanshi Akhand in Bengaluru; Editing by Rashmi Aich)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BLOCK, INC. -6.46% 80.33 Delayed Quote.-46.83%
FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED -0.37% 21.4 End-of-day quote.-34.68%
KIWI PROPERTY GROUP LIMITED -0.49% 1.025 End-of-day quote.-14.23%
MEGAPORT LIMITED -2.93% 8.29 Delayed Quote.-55.33%
All news about FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED
08/12FISHER & PAYKEL HEALTHCARE : 2022 Annual Shareholders' Meeting Update
PU
07/19FISHER & PAYKEL HEALTHCARE : Application for quotation of securities - FPH
PU
07/06Fisher & Paykel Healthcare Director Retires; Shares Rise 3%
MT
07/05FISHER & PAYKEL HEALTHCARE : 2022 Notice of Annual Meeting and Voting Form
PU
07/05FISHER & PAYKEL HEALTHCARE : Director Geraldine McBride to retire
PU
07/05Fisher & Paykel Healthcare Announces Management Changes
CI
07/03FISHER & PAYKEL HEALTHCARE : Application for quotation of securities - FPH
PU
06/30Fisher & Paykel Healthcare Corporation Limited Declares Ordinary Dividend for the Six M..
CI
06/22FISHER & PAYKEL HEALTHCARE CORPORATI : Bonus dividend due to over-provision of tax and pay..
FA
06/22FISHER & PAYKEL HEALTHCARE CORPORATI : Ex-dividend day for final dividend
FA
More news
Analyst Recommendations on FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED
More recommendations
Financials
Sales 2023 1 558 M 977 M 977 M
Net income 2023 286 M 179 M 179 M
Net cash 2023 124 M 77,6 M 77,6 M
P/E ratio 2023 43,5x
Yield 2023 1,77%
Capitalization 12 355 M 7 747 M 7 747 M
EV / Sales 2023 7,85x
EV / Sales 2024 7,02x
Nbr of Employees 6 788
Free-Float 92,3%
Chart FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED
Duration : Period :
Fisher & Paykel Healthcare Corporation Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 21,40 NZD
Average target price 23,14 NZD
Spread / Average Target 8,11%
EPS Revisions
Managers and Directors
Lewis George Gradon General Manager-Research & Development
Lyndal York Chief Financial Officer
Scott Andrew St. John Chairman
Andrew Robert Donald Somervell Vice President-Products & Technology
Nicholas Fourie VP-Information & Communication Technology
Sector and Competitors
1st jan.Capi. (M$)
FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED-34.68%7 859
ABBOTT LABORATORIES-20.40%196 189
MEDTRONIC PLC-7.87%126 639
BECTON, DICKINSON AND COMPANY8.96%76 370
HOYA CORPORATION-12.97%39 454
SARTORIUS STEDIM BIOTECH-18.97%36 666