市场见解

ASX 200 (ASX:XJO) midday update: Netwealth’s merger proposal, IAG sinks

Here’s what is happening on the ASX 200 on Melbourne Cup Day…
The post ASX 200 (ASX:XJO) midday update: Netwealth’s merger proposal, IAG sinks appeared first on The Motley Fool Australia. –

At lunch on Tuesday, the S&P/ASX 200 Index (ASX: XJO) is on course to give back most of yesterday’s gains. The benchmark index is currently down 0.4% to 7,343.1 points.

Here’s what is happening on the ASX 200 today:

Netwealth wants to merge with Praemium

The Netwealth Group Ltd (ASX: NWL) share price is trading lower today after making a non-binding indicative proposal to merge with smaller rival Praemium Ltd (ASX: PPS). According to the release, the company has offered one Netwealth share for every 11.96 Praemium shares plus a cash consideration of $50 million. However, the Praemium Board has rejected the offer, believing it undervalues the investment platform provider.

IAG shares sink

The Insurance Australia Group Ltd (ASX: IAG) share price is sinking after it provided an update on net natural perils claim costs for FY 2022. This follows severe storm and hail activity experienced over the course of October. The insurance giant has increased its expectation for FY 2022 net natural perils claim costs to $1,045 million. This compares to the previous assumption of $765 million. As a result, it has downgraded its insurance margin guidance range from 13.5% – 15.5% to 10% – 12%.

Westpac shares continue to slide

The 西太银行 (ASX: WBC) share price is falling again on Tuesday after brokers responded poorly to its full year results. One of those brokers was Goldman Sachs, which downgraded the bank’s shares to a neutral rating with a $25.60 price target. This was due largely to its weaker net interest margin trajectory. Elsewhere, Morgan Stanley downgraded Westpac’s shares to an equal-weight rating with a $24.80 price target.

Best and worst ASX 200 performers

The best performer on the ASX 200 on Tuesday has been the Goodman Group (ASX: GMG) share price with a 6% gain. This morning the global integrated property company upgraded its earnings guidance following a strong first quarter. The worst performer has been the IAG share price with a 6.5% decline after its update.

The post ASX 200 (ASX:XJO) midday update: Netwealth’s merger proposal, IAG sinks appeared first on The Motley Fool Australia.

Should you invest $1,000 in Westpac right now?

Before you consider Westpac, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Westpac wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Why is the Brickworks (ASX:BKW) share price falling today?

IAG (ASX:IAG) share price sinks 6% on guidance downgrade

Netwealth (ASX:NWL) share price drops on Praemium merger proposal

Goodman (ASX:GMG) share price storms 5% higher on earnings guidance upgrade

Why this top broker downgraded Westpac (ASX:WBC) shares

Motley Fool contributor James Mickleboro owns shares of Westpac Banking Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Netwealth and Praemium Limited. The Motley Fool Australia owns shares of and has recommended Insurance Australia Group Limited and Netwealth. The Motley Fool Australia has recommended Praemium Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!