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    STO   AU000000STO6

SANTOS LIMITED

(STO)
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Australia shares end lower as Sydney extends lockdown

07/28/2021 | 02:50am EDT

July 28 (Reuters) - Australian shares ended lower on Wednesday as the country's most populous city of Sydney extended a coronavirus lockdown by another four weeks.

The S&P/ASX 200 index fell 0.7% to 7,379.3 at the end of trade, its lowest close since July 21.

Sydney, a city of 5 million people, on Wednesday told residents to stay at home until August 28 as it fights a flare-up of the virulent Delta coronavirus variant.

The worsening outbreak could lead to Australia's central bank delaying the tapering of its asset purchases from September to November, London-based research consultancy Capital Economics said in a note.

Domestic consumer prices rose at the fastest annual pace in almost 13 years last quarter, data showed on Wednesday, but a milder rise in core inflation suggested the spike could be temporary.

"We can't see the Reserve Bank of Australia (RBA) being too alarmed by this data. They have made it quite clear that they anticipated a short-lived spike in inflation above the upper bound of their target," Netherlands' ING Group said in a note to clients.

Tech stocks dropped 2.1% as they tracked peers on Wall Street, where investors stayed on the sidelines ahead of results from top firms in the sector and a Federal Reserve announcement.

Energy stocks lost 1.4%, with gas explorers Woodside Petroleum and Santos Ltd falling 2% and 1.4% respectively.

Financial stocks were also lower, with the "Big Four" banks falling in the range of 0.3% and 1.4%.

Bucking the trend, gold stocks rose 0.9% as bullion prices climbed against a weaker dollar.

Spark Infrastructure was the top gainer on the benchmark index, adding 5.4%, after a consortium that includes private equity giant KKR & Co Inc sweetened a buyout deal for the electricity infrastructure investor.

New Zealand's benchmark S&P/NZX 50 index ended flat at 12,595.3. (Reporting by Soumyajit Saha in Bengaluru; Editing by Ramakrishnan M.)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
KKR & CO. INC. -2.55% 62.03 Delayed Quote.53.20%
S&P/ASX 200 -0.37% 7342.6 Real-time Quote.11.47%
SANTOS LIMITED 1.85% 6.61 End-of-day quote.5.42%
SPARK INFRASTRUCTURE GROUP 0.36% 2.81 End-of-day quote.33.18%
WOODSIDE PETROLEUM LTD 1.74% 22.17 End-of-day quote.-2.51%
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09/14Australian Index Post Marginal Gains as Energy Sector Rises Amid Slow US Oil Output Res..
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09/13Tech stocks drag Australian shares lower; energy firms jump
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09/13SANTOS : MOU signed on Bayu-Undan Carbon Capture and Storage
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09/13Aussie shares gain on boost from Sydney Airport, energy and materials stocks
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09/13NEWS HIGHLIGHTS : Top Energy News of the Day
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Analyst Recommendations on SANTOS LIMITED
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Financials (USD)
Sales 2021 4 576 M - -
Net income 2021 860 M - -
Net Debt 2021 3 139 M - -
P/E ratio 2021 11,4x
Yield 2021 2,16%
Capitalization 9 959 M 9 943 M -
EV / Sales 2021 2,86x
EV / Sales 2022 2,55x
Nbr of Employees 2 722
Free-Float 83,4%
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Technical analysis trends SANTOS LIMITED
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TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 12
Last Close Price 4,80 $
Average target price 5,93 $
Spread / Average Target 23,6%
EPS Revisions
Managers and Directors
Kevin Thomas Gallagher Chief Executive Officer, MD & Executive Director
Anthony Neilson Chief Financial Officer
Keith William Spence Non-Executive Chairman
David Banks Chief Technical & Marketing Officer
Hock Goh Independent Non-Executive Director
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