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    STO   AU000000STO6

SANTOS LIMITED

(STO)
  Report
Delayed Australian Stock Exchange  -  12:10:36 2023-02-03 am EST
6.990 AUD   +0.87%
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Australian shares close higher on China hopes

11/29/2022 | 01:06am EST

Nov 29 (Reuters) - Australian shares closed higher on Tuesday, led by miners, as rumours swirled that recent protests in several Chinese cities might prompt an earlier easing of strict COVID-19 restrictions.

The S&P/ASX 200 index ended 0.3% higher at 7,253.3, in line with a rally in broader global markets following reports that Chinese health officials would hold a news conference later in the day to discuss coronavirus control measures.

"The risks are floating to the downside as China's situation is a huge hindrance on the materials sector, which is of course Australia's main exports, affecting the share price of top Aussie miners," said Azeenm Sheriff, a CMC Markets analyst.

Miners advanced 1.9% and were among the top gainers on the Australian benchmark index, as iron ore futures rallied after regulators in top steel producer China broadened equity financing channels for developers.

Sector majors BHP Group and Fortescue jumped more than 2% each.

Energy stocks edged higher, with Beach Energy adding 1.3%, while Santos climbed 0.6%.

Gold stocks closed 0.3% lower on weak bullion prices. Newcrest Mining, the country's largest gold miner, slipped 0.1%.

In other news, domestic buy-now-pay-later firms face fresh hurdles following a proposal to regulate the sector with the same law that covers credit card and mortgage providers and bans unsolicited credit-limit increases and requires background checks for most consumer lending. In New Zealand, the benchmark S&P/NZX 50 index closed 0.7% higher at 11395.35. (Reporting By Navya Mittal in Bengaluru; Editing by Subhranshu Sahu)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.00% 0.6917 Delayed Quote.3.81%
BEACH ENERGY LIMITED 2.06% 1.485 Delayed Quote.-6.90%
BHP GROUP LIMITED -1.92% 47.91 Delayed Quote.5.00%
FORTESCUE METALS GROUP LIMITED -1.30% 21.95 Delayed Quote.7.02%
NAVYA 0.67% 0.03 Real-time Quote.-17.81%
NEWCREST MINING LIMITED -2.86% 22.45 Delayed Quote.8.77%
S&P/ASX 200 0.62% 7558.1 Real-time Quote.7.38%
SANTOS LIMITED 0.87% 6.99 Delayed Quote.-2.10%
All news about SANTOS LIMITED
02/03Petronas set to buy Wirsol Australian renewable energy assets -sources
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02/02Australian shares rise on healthcare boost, set for fifth weekly gain
RE
02/01Australian shares rise after Fed slows rate hikes
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01/31Australian shares rise on Wall Street boost, U.S. data
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01/30Australian shares inch higher on mining boost; set for best month since Nov 2020
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01/26Santos : Landmark Mount Tabor biodiversity project receives final approval
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01/24Australia's Santos-operated Gladstone LNG to undergo maintenance in June, July
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01/24Australian shares flat as miners offset gains in banks
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01/23Tech stocks help Australia shares notch up fourth day of gains
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01/22Australian shares hit near 9-month high as energy, tech stocks boost
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More news
Analyst Recommendations on SANTOS LIMITED
More recommendations
Financials (USD)
Sales 2022 8 008 M - -
Net income 2022 2 559 M - -
Net Debt 2022 3 353 M - -
P/E ratio 2022 6,37x
Yield 2022 4,18%
Capitalization 16 079 M 16 079 M -
EV / Sales 2022 2,43x
EV / Sales 2023 2,75x
Nbr of Employees 3 786
Free-Float 90,9%
Chart SANTOS LIMITED
Duration : Period :
Santos Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SANTOS LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Last Close Price 4,87 $
Average target price 6,36 $
Spread / Average Target 30,7%
EPS Revisions
Managers and Directors
Kevin Thomas Gallagher Chief Executive Officer, MD & Executive Director
Anthea Mckinnell Chief Financial Officer
Keith William Spence Non-Executive Chairman
David Banks Chief Operating Officer
Yasmin Anita Allen Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
SANTOS LIMITED-2.10%16 079
SAUDI ARABIAN OIL COMPANY2.49%1 910 415
SHELL PLC3.78%203 386
TOTALENERGIES SE-3.92%150 929
PETROCHINA COMPANY LIMITED14.85%134 819
EQUINOR ASA-14.77%93 352