Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Santos Limited
  6. News
  7. Summary
    STO   AU000000STO6

SANTOS LIMITED

(STO)
  Report
Delayed Australian Stock Exchange  -  01:10 2022-10-03 am EDT
7.170 AUD   +1.13%
02:13aBanks drag Australian shares lower, focus on RBA decision
RE
10/02Australian shares reverse early gains on recession fears
RE
09/29Australian shares set for worst month in three on recession risks
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Australian shares rise after weak wage data, CSL caps gains

08/17/2022 | 02:58am EDT

Aug 17 (Reuters) - Australian shares inched higher on Wednesday, after the country's wage data missed estimates presenting a case for the Reserve Bank of Australia to rein in the pace of rate hikes, even as poor annual results from biotech giant CSL Ltd capped the gains.

The S&P/ASX 200 index rose 0.3% to 7,127.70. The benchmark rose 0.6% on Tuesday.

Figures from the Australian Bureau of Statistics showed wage price index rose 0.7% in the June quarter as red-hot demand for labour drove unemployment to generational lows. The data, however, missed forecasts of a 0.8% increase, leading the market to lengthen the odds on another half-point rate hike in September.

Investors' focus also remained on the ongoing corporate earnings. "While the U.S. and Australia earnings seemingly have formed the view that corporate performance is mostly better than expected, the other fact is that the earnings growth is widely expected to decline further in the next quarter," said Hebe Chen, market analyst at IG Markets.

Domestic mining stocks rose 0.4% on strong base metal prices. Sector majors BHP Group and Rio Tinto , both rose 0.8%.

Healthcare stocks dipped 0.8%, dragged by a 1.3% fall in heavyweight CSL Ltd. The Australian biotech giant posted a drop in annual profit due to declining donations of blood plasma, the key ingredient of its products, and flagged higher staffing costs as collection volumes returned to pre-pandemic levels.

Energy stocks fell 0.6% in their third consecutive session of losses.

Santos fell 2.4% after a surprise announcement to move ahead with developing a $2.6 billion Alaskan oil project, and posting a record first-half profit.

Across the border, the Reserve Bank of New Zealand (RBNZ) delivered its seventh straight interest rate hike and signalled a more hawkish stance over coming months. The central bank raised the official cash rate by 50 basis points to 3.0%, in line with market expectation.

New Zealand's benchmark S&P/NZX 50 index ended 0.05% higher at 11,852.93. (Reporting by Himanshi Akhand in Bengaluru Editing by Dhanya Ann Thoppil)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP LIMITED 0.21% 38.6 Delayed Quote.17.38%
CSL LIMITED -0.62% 283.26 Delayed Quote.-1.96%
IG GROUP HOLDINGS PLC -0.13% 762.5 Delayed Quote.-6.09%
LONDON BRENT OIL 0.61% 88.42 Delayed Quote.9.50%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 1.73% 0.5715 Delayed Quote.-18.17%
RIO TINTO PLC 0.90% 4940 Delayed Quote.0.08%
S&P/ASX 200 -0.27% 6456.9 Real-time Quote.-13.04%
SANTOS LIMITED 1.13% 7.17 Delayed Quote.12.36%
WTI 1.44% 83.212 Delayed Quote.8.90%
All news about SANTOS LIMITED
02:13aBanks drag Australian shares lower, focus on RBA decision
RE
10/02Australian shares reverse early gains on recession fears
RE
09/29Australian shares set for worst month in three on recession risks
RE
09/29UBS Adjusts Santos' Price Target to AU$9.20 From AU$9.40, Keeps at Buy
MT
09/28Australian shares track global markets higher as BoE seeks to quell UK bond rout
RE
09/28Techs, banks pull Australian shares lower on recession risks
RE
09/27Miners, energy stocks lift Australian shares despite recession jitters
RE
09/27Fu Li Biotechnology To Pay $1.8 Million Settlement for Fertilizer Production
MT
09/27North American Morning Briefing: Stock Futures Edge Higher as Bond Rout Eases
DJ
09/27Santos Receives Offer For Minority Stake In PNG LNG
MT
More news
Analyst Recommendations on SANTOS LIMITED
More recommendations
Financials (USD)
Sales 2022 8 183 M - -
Net income 2022 2 695 M - -
Net Debt 2022 3 179 M - -
P/E ratio 2022 5,81x
Yield 2022 4,33%
Capitalization 15 353 M 15 353 M -
EV / Sales 2022 2,26x
EV / Sales 2023 2,34x
Nbr of Employees 3 786
Free-Float 91,9%
Chart SANTOS LIMITED
Duration : Period :
Santos Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SANTOS LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 16
Last Close Price 4,62 $
Average target price 6,46 $
Spread / Average Target 39,8%
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 LIMITED12.36%15 181
SAUDI ARABIAN OIL COMPANY9.85%2 092 613
SHELL PLC38.52%179 614
PETROCHINA COMPANY LIMITED-7.20%125 414
TOTALENERGIES SE8.17%119 595
EQUINOR ASA51.80%105 046