Day: March 14, 2022

Why CSL (ASX: CSL) shares climbed on Monday

a nurse wearing a medical mask prepares a patient for a blood donation in a surgical setting.a nurse wearing a medical mask prepares a patient for a blood donation in a surgical setting.a nurse wearing a medical mask prepares a patient for a blood donation in a surgical setting.

The CSL Ltd (ASX: CSL) share price closed higher today, finishing 2.37% in the green at $262.62.

The gain comes despite nothing remarkable coming out of the biotech giant’s camp today.

However, the company’s shares jumped from the open, trading as high at $264.17 apiece and as low as $258.53 each during the day.

What happened?

There’s been nothing price-sensitive out of CSL’s corner today. However, it appears that healthcare shares, on the whole, are strengthening this week.

The S&P/ASX 200 Health Care Index (XHJ) gained around 2% from the start of trade today, finishing 1.86% higher.

CSL is also on the rise this week, as illustrated by the chart below.

TradingView Chart

In a note that bodes well for CSL, analysts at Citi have pointed out potential growth in the blood plasma collection industry.

The broker reckons that CSL’s blood plasma collection volumes could normalise to pre-pandemic levels, which could have a positive impact on the company’s share price.

Currently, more than 87% of brokers covering CSL have it as a buy right now whereas just two firms have it as a hold, according to Bloomberg Intelligence. Indeed, there are no analysts urging clients to sell the company right now.

So what?

Lower bood plasma collections have plagued CSL’s growth engine since late 2020 when volumes took a huge hit amid the COVID-19 pandemic.

CSL is offering some donors incentives in a bid to increase volumes. At the same time, it was reported CSL upped its payment to US donors during the pandemic to entice people to keep their appointments. CSL is one of a handful of blood plasma collection vendors around the world.

Recently, on 10 March, the company advised that it had received clearance in the US for use of the Rika Plasma Donation System developed by Terumo Blood and Cell Technologies.

“CSL Plasma believes additional features of the new Rika system can enable the collection of more plasma, in shorter periods of time, supporting quality and safety, and ultimately better serving patients who rely on plasma-based therapies,” the company said in a statement.

Citi’s rating appears to recognise CSL’s efforts to drive its collection volumes higher.

CSL share price snapshot

In the last 12 months, the CSL share price has climbed almost 4% but is down almost 10% this year to date.

During the past month, things have turned around with the company’s shares gaining almost 6%.

CSL has a market capitalisation of more than $126 billion.

The post Why CSL (ASX: CSL) shares climbed on Monday appeared first on The Motley Fool Australia.

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

Before you consider CSL, 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 CSL wasn’t one of them.

The online investing service he’s run for over 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 January 13th 2022

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Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended CSL Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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3 roadblocks for ASX shares trying to become greener : Expert

A group of businesspeople hold green balloons outdoors.A group of businesspeople hold green balloons outdoors.A group of businesspeople hold green balloons outdoors.

ASX shares drove north today amid a snapback rally that’s been in situ since early March.

The benchmark S&P/ASX 200 Index (ASX: XJO) jumped 1.21% today to 7,149.4 points at the close, its highest level in a week.

There’s no denying a seismic shift has taken place amongst global equity markets when it comes to the themes of environment, sustainability and governance (ESG).

In fact, there’s a whole new investment ‘factor’ that has arisen as a result of the paradigm shift – similar to the value, momentum and growth factors, for example.

However, there are still a number of hurdles ASX shares must overcome in order to cross over to ‘greener’ pastures so to speak, and to which investors must still be aware of the risks involved.

What are the roadblocks?

ASX shares have certainly come a long way since the days when ‘creating shareholder value’ was the primary means and focus of most publicly listed companies.

“However, obstacles that presently prevent some companies and investors from fully utilising sustainable finance remain, which in some cases are impeding further overseas investment into the region”, says Anthony Miller, chief executive of Westpac Institutional Bank.

In the release titled “Financing for Sustainability: Asia Pacific’s evolving ESG market”, the bank manager covers the state of sustainable finance in the region, including the milestones and challenges ahead.

Among these, lack of reliable data is the biggest obstacle for both investors and issuers Miller says, noting that this impedes the ability to measure the impacts of sustainable finance.

“For issuers [of finance], the lack of reliable data to measure the impact of sustainable finance presently ranks as the single biggest obstacle by 25% of respondents”, Miller noted.

This is above the remaining 16% of secondary issues related to transaction costs and insufficient green or sustainable assets, he added.

What else?

Reporting requirements are another thorn in the side of investors and companies alike when it comes to ESG, Miller said, particularly since it is such a novel and new domain.

“In their own jurisdictions, most investors (75%) and issuers (74%) agree that the regulatory and reporting requirements for ESG investments or disclosures in their country are clear”, Miller said.

“Regionally though, 79% of issuers and investors agree or strongly agree that growth of sustainable finance in Asia Pacific will be impeded without regional agreement on regulatory and reporting requirements for corporate climate risk”.

Issues around data aren’t an easy fix, the banking manager also said, particularly as it comes down to factors like classification, taxonomy and specific regulations.

Across the Asia Pacific (APAC) region, approaches differ substantially and this is something that is being looked at in focus. For instance, back in November, the International Sustainability Standards Board (ISSB) announced its plans to develop global sustainability reporting standards for the financial market.

Not only that but all APAC exchanges are required to have ESG disclosures, although there doesn’t appear to be official arrangements across the board. According to Miller:

But significant progress will be required in the near future for the market to reach its full potential and for investors and issuers to be able to access the reliable, comparable information required to make informed investment decisions.

The post 3 roadblocks for ASX shares trying to become greener : Expert appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

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Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Ampol (ASX:ALD) shares higher on sale of its Gull business in NZ

a service station attendant crosses his arms and smiles towards the camera with a backdrop of petrol bowsers and a drive-through facility.a service station attendant crosses his arms and smiles towards the camera with a backdrop of petrol bowsers and a drive-through facility.a service station attendant crosses his arms and smiles towards the camera with a backdrop of petrol bowsers and a drive-through facility.

The Ampol Ltd (ASX: ALD) share price is in the green today after the company agreed to offload its New Zealand business Gull.

The petroleum company’s shares are currently swapping hands at $28.83, a 2.49% gain.

So what did Ampol announce today?

New agreement

Ampol has entered a binding agreement with Australian investment manager Allegro for the sale of its New Zealand business Gull. This follows a competitive trade sales process, according to the company.

Allegro will acquire 100% of Gull for net cash proceeds of about NZ$509 million. There is also an assumption by Allegro of approximately $63 million of leases and debt-like items.

Ampol plans to use the proceeds of the sale to help fund the acquisition of Z Energy (ASX: ZEL).

In a statement authorised by the Ampol board, the company said:

Ampol committed to divest Gull in full to ensure any potential competition law issues were fully addressed as part of its application to the NZCC for approval to acquire Z Energy.

It is expected the Gull divestment will occur within a prescribed period following completion of the scheme to acquire Z Energy which remains on track to complete in the first half of 2022.

Gull is made up of Ampol Limited, ALD Group Holdings NZ Limited, Gull New Zealand Limited, and Terminals New Zealand Limited. Between them, the companies own a network of 112 service stations, a 91ML fuel import terminal at Mount Maunganui, and six retail properties.

The deal is subject to conditions, including approval from the New Zealand Commerce Commission.

Ampol on the ASX share price snapshot

The Ampol share price has slipped 3% this year to date but has gained almost 21% over the past 12 months.

In the past month, Ampol shares have dropped 9% and are down 4% over the past week.

Ampol has a market capitalisation of about $6.9 billion based on its current share price.

The post Ampol (ASX:ALD) shares higher on sale of its Gull business in NZ appeared first on The Motley Fool Australia.

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

Before you consider Ampol , 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 Ampol wasn’t one of them.

The online investing service he’s run for over 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 January 13th 2022

More reading

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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These 3 ASX 200 shares are topping the volume charts on Monday

A woman with a loudhailer turns up the volume on her office co-workersA woman with a loudhailer turns up the volume on her office co-workers

A woman with a loudhailer turns up the volume on her office co-workersThe S&P/ASX 200 Index (ASX: XJO) has kicked the week off on a strong footing, recording a gain of 1.06% at the time of writing to just under 7,140 points.

But let’s go a little deeper and check out the ASX 200 shares that are currently at the top of the market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Monday

Whitehaven Coal Ltd (ASX: WHC)

Whitehaven Coal is first up. This ASX 200 energy share currently has had 13.76 million of its shares traded on the markets so far today. There hasn’t been much out of the company itself today, apart from a share buyback notice which could in itself be boosting volumes.

But the Whitehaven share price has had a rather wild time of it today. The company is presently up 0.25% at $4.05 a share, but rose as high as $4.22 earlier today before a sharp plunge after lunch brought it to its current level. This probably explains the high volumes we are seeing.

Incitec Pivot Ltd (ASX: IPL)

ASX 200 fertiliser, chemical and explosives manufacturer Incitec Pivot is next up this Monday. Today so far, we’ve seen a hefty 15.42 million Incitec shares bought and sold. Again, this doesn’t seem to be the result of anything the company itself has released today.

However, the Incitec share price is powering ahead. Incitec shares have added 2.43% so far today at $3.79 a share, well outperforming the broader market. It’s this healthy gain that is probably responsible for the elevated trading we are witnessing.

Nickel Mines Ltd (ASX: NIC)

Our third and final share of the day is ASX 200 nickel miner Nickel Mines. This popular company had had a notable 24.56 million of its shares swap hands thus far this Monday. Unlike Incitec Pivot though, this seems to be the result of a nasty share price fall.

Nickel Mines shares are currently down by a depressing 2.58% at $1.16 each. This could be related to some tough love from a broker this morning, which my Fool colleague James touched on earlier. But it’s probably the size of the selloff that is responsible for the elevated trading that we are seeing.

The post These 3 ASX 200 shares are topping the volume charts on Monday appeared first on The Motley Fool Australia.

Should you invest $1,000 in Whitehaven Coal right now?

Before you consider Whitehaven Coal, 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 Whitehaven Coal wasn’t one of them.

The online investing service he’s run for over 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 January 13th 2022

More reading

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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