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    VEA   AU0000016875

VIVA ENERGY GROUP LIMITED

(VEA)
  Report
Delayed Australian Stock Exchange  -  12:10 2022-12-07 am EST
2.570 AUD   -3.38%
11/22Viva Energy : Executive Leadership Team change
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11/21Viva Energy Group Appoints Convenience and Mobility Chief, CFO
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11/21Viva Energy Group Limited Announces Chief Financial Officer Changes
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Australia shares fall as commodity, bank stocks weigh; Fed rate decision in focus

09/20/2022 | 09:17pm EST

Sept 21 (Reuters) - Australian shares fell on Wednesday, with the commodity and financial sectors leading the losses, as investors prepared for an outsized interest rate hike from the U.S. Federal Reserve to tame searing inflation.

The S&P/ASX 200 index fell about 1% by 0050 GMT, with all the subindexes in the red. The benchmark rose 1.3% on Tuesday.

Later in the global day, the U.S. central bank is largely expected to raise interest rates by 75 basis points for the third consecutive time, with some market participants pricing in a full percentage point hike.

In Australia, the mining subindex led losses, falling as much as 1.8%, after iron ore prices in China were weighed down by the country's persistent zero COVID policy, with sector majors Rio Tinto, BHP Group and Fortescue Metals shedding between 2% and 2.4%.

Additionally, the gold sector shed 2%, due to a dip in safe-haven demand following a stronger dollar, with index majors Newcrest Mining and Northern Star Resources dropping 2.7% and 2.3%, respectively.

Financials skidded 0.6%, with the country's largest banks falling in the range of 0.4% and 0.8%.

Australia's central bank said its pandemic-era bond buying program had benefits to the economy but will also cause large losses for the bank, potentially putting it into negative equity.

The domestic tech index and healthcare stocks fell 1.8% and 0.3%, respectively.

Separately, Australia's second largest grocer Coles Group agreed to sell its fuel and convenience retailing unit to power producer Viva Energy for A$300 million ($200.64 million).

In New Zealand, the benchmark S&P/NZX 50 index fell around 0.4% to 11,517.4.

(Reporting by Archishma Iyer in Bengaluru; Editing by Rashmi Aich)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.43% 0.6722 Delayed Quote.-7.62%
BHP GROUP LIMITED 0.09% 46.6 Delayed Quote.41.89%
BRITISH POUND / US DOLLAR (GBP/USD) 0.62% 1.22089 Delayed Quote.-9.88%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.05% 0.73278 Delayed Quote.-6.97%
COLES GROUP LIMITED -0.89% 16.75 Delayed Quote.-6.63%
EURO / US DOLLAR (EUR/USD) 0.38% 1.05093 Delayed Quote.-7.68%
FORTESCUE METALS GROUP LIMITED 2.27% 21.17 Delayed Quote.7.76%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.19% 0.012156 Delayed Quote.-9.07%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.53% 0.63544 Delayed Quote.-7.52%
NEWCREST MINING LIMITED 1.12% 20.8 Delayed Quote.-15.03%
NORTHERN STAR RESOURCES LIMITED 0.19% 10.72 Delayed Quote.13.71%
RIO TINTO PLC -1.13% 5616 Delayed Quote.16.11%
S&P GSCI GOLD INDEX 1.04% 1048.5 Real-time Quote.-2.52%
S&P/ASX 200 -0.85% 7229.4 Real-time Quote.-2.06%
VIVA ENERGY GROUP LIMITED -3.38% 2.57 Delayed Quote.9.36%
All news about VIVA ENERGY GROUP LIMITED
11/22Viva Energy : Executive Leadership Team change
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11/21Viva Energy Group Appoints Convenience and Mobility Chief, CFO
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11/21Viva Energy Group Limited Announces Chief Financial Officer Changes
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11/21Viva Energy Group Limited Announces Executive Changes
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10/23Viva Energy Group Limited Reports Sales Results for the Third Quarter Ended 30 Septembe..
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09/26A Win-Win For Coles And Viva Energy?
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09/23UBS Adjusts Viva Energy's Price Target to AU$3.40 From AU$3.15, Keeps at Buy
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09/21News Highlights: Top Energy News of the Day
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09/21Viva Energy Group Limited's Equity Buyback Plan Extended till October 18, 2023.
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More news
Analyst Recommendations on VIVA ENERGY GROUP LIMITED
More recommendations
Financials
Sales 2022 22 798 M 15 294 M 15 294 M
Net income 2022 691 M 464 M 464 M
Net Debt 2022 2 099 M 1 408 M 1 408 M
P/E ratio 2022 5,86x
Yield 2022 9,45%
Capitalization 3 970 M 2 663 M 2 663 M
EV / Sales 2022 0,27x
EV / Sales 2023 0,27x
Nbr of Employees -
Free-Float 52,9%
Chart VIVA ENERGY GROUP LIMITED
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Viva Energy Group Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends VIVA ENERGY GROUP LIMITED
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TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 2,57 AUD
Average target price 3,21 AUD
Spread / Average Target 25,1%
EPS Revisions
Managers and Directors
Andrew Scott Wyatt Chief Executive Officer & Director
Jevan Bouzo Chief Operating & Financial Officer
Robert Murray Hill Non-Executive Chairman
Amanda Fleming Chief Digital & Transformation Officer
Arnoud Cyriel Leo de Meyer Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
VIVA ENERGY GROUP LIMITED9.36%2 760
PTT OIL AND RETAIL BUSINESS-10.37%8 322
PETRONAS DAGANGAN8.45%5 165
QATAR FUEL COMPANY Q.P.S.C.("WOQOD")-2.63%4 867
RUBIS-8.64%2 597
ORIENTAL ENERGY CO., LTD.-34.55%1 907