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MarketScreener Homepage  >  Equities  >  New Zealand Stock Exchange  >  SKYCITY Entertainment Group Limited    SKC   NZSKCE0001S2

SKYCITY ENTERTAINMENT GROUP LIMITED

(SKC)
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Australia shares end lower as rising COVID-19 cases stoke lockdown worries

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09/22/2020 | 03:42am EDT

* Mining stocks hit their lowest in more than 2 months

* "Big Four" banks extend losses

* RBNZ likely to keep interest rates at record lows - Reuters poll

Sept 22 (Reuters) - Australia shares closed weaker for a fourth straight session on Tuesday as concerns about fresh pandemic lockdowns across Europe sapped global risk appetite and sent commodity prices lower.

Mining stocks led losses on the benchmark ASX 200 index, which fell 0.7% to end the session at its lowest since June 15.

Another COVID-19 wave in Europe has unsettled investors and British Prime Minister Boris Johnson is considering a second national lockdown, sparking worries about a deeper economic slowdown.

Oil prices plunged overnight and iron ore fell for a second session as rising cases also stoked worries about global demand.

Equity markets had been pricing in a decent recovery, thinking that most countries were coming off lockdowns for good, said Damian Rooney, director of equity sales at Argonaut.

"I think that there are going to be some speed bumps ahead," Rooney added.

Australia-listed shares of BHP Group fell the most in nearly two weeks, while Rio Tinto and Fortescue Metals slumped 2.4% and 2%, respectively.

Global banking stocks continued to reel from reports citing that several lenders transferred more than $2 trillion in illicit funds despite red flags about the origins of the money.

Australian lenders extended the decline, with National Australia Bank dropping the most by 2.4%.

New Zealand's NZX 50 index snapped a three-day losing streak to end 0.6% higher.

The central bank is likely to keep interest rates at a record lows at its meeting on Wednesday, having lifted restrictions across almost the entire country and signals that the economic fallout may be milder than expected.

Medical device maker Fisher & Paykel Healthcare Corp and casino operator Skycity Entertainment were the top percentage gains on the benchmark, jumping more than 3% each. (Reporting by Deepali Saxena in Bengaluru, Editing by Sherry Jacob-Phillips)


Stocks mentioned in the article
ChangeLast1st jan.
ASX LIMITED 2.32% 82.4 End-of-day quote.5.09%
BHP GROUP -0.49% 34.77 End-of-day quote.-10.66%
COMMONWEALTH BANK OF AUSTRALIA -1.38% 68.75 End-of-day quote.-13.95%
FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED 3.90% 35.96 End-of-day quote.61.98%
FORTESCUE METALS GROUP LIMITED 1.67% 16.48 End-of-day quote.54.16%
LONDON BRENT OIL -3.74% 39.06 Delayed Quote.-38.33%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -1.01% 0.6645 Delayed Quote.-0.30%
NZX LIMITED 0.00% 1.75 End-of-day quote.28.68%
RIO TINTO GROUP -0.39% 91.94 End-of-day quote.-8.43%
RIO TINTO PLC -3.77% 4266 Delayed Quote.-1.69%
S&P/ASX 200 0.11% 6057.7 Real-time Quote.-9.47%
SKYCITY ENTERTAINMENT GROUP LIMITED -1.71% 2.87 End-of-day quote.-27.71%
WTI -3.98% 37.335 Delayed Quote.-36.69%
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More news
Financials
Sales 2021 695 M 462 M 462 M
Net income 2021 74,3 M 49,4 M 49,4 M
Net Debt 2021 623 M 414 M 414 M
P/E ratio 2021 30,0x
Yield 2021 2,21%
Capitalization 2 182 M 1 452 M 1 451 M
EV / Sales 2021 4,03x
EV / Sales 2022 3,16x
Nbr of Employees 3 462
Free-Float 97,1%
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Technical analysis trends SKYCITY ENTERTAINMENT GROUP LIMITED
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TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 3,14 NZD
Last Close Price 2,87 NZD
Spread / Highest target 20,2%
Spread / Average Target 9,26%
Spread / Lowest Target 1,05%
EPS Revisions
Managers
NameTitle
Graeme Edward Stephens Chief Executive Officer
Robert James Campbell Chairman
Michael Ahearne Group Chief Operating Officer
Rob Hamilton Chief Financial Officer
Glen McLatchie Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
SKYCITY ENTERTAINMENT GROUP LIMITED-27.71%1 492
SANDS CHINA LTD.-30.73%30 115
GALAXY ENTERTAINMENT GROUP LIMITED-6.45%30 086
FLUTTER ENTERTAINMENT PLC27.95%24 997
EVOLUTION GAMING GROUP AB144.68%14 389
ARISTOCRAT LEISURE LIMITED-10.40%13 764