Today, the S&P/ASX 200 Index (ASX: XJO) notched up its third consecutive day of gains. At the end of the session, the benchmark index finished 0.28% higher at 7,288.5 points.

The earnings surprises to the upside outweighed the company’s missing expectations today. Once again, the tech sector provided the best returns out of all the ASX sectors today. Financials followed behind as another solid performing sector. Disappointingly, healthcare, utilities, consumer staples, and industrials all experienced a less desirable performance today.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Bapcor Ltd (ASX: BAP) was the biggest gainer today. Shares in the vehicle parts retailer rebounded 10% following its 8% fall yesterday. Investors were unimpressed with the company’s sluggish performance in the first half. Find out more about Bapcor here.

The next biggest gaining ASX share today was Megaport Ltd (ASX: MP1). The software-defined network service provider surged 7.64% after yesterday’s modest performance following the release of the company’s first-half results. Uncover the latest Megaport details here.

Today’s top 10 biggest gains were made in these ASX shares:

ASX-listed company	Share price	Price change
Bapcor Ltd (ASX: BAP)	$7.15	10.00%
Megaport Ltd (ASX: MP1)	$14.65	7.64%
Paladin Energy Ltd (ASX: PDN)	$0.79	6.76%
AMP Ltd (ASX: AMP)	$1.07	5.94%
Home Consortium Ltd (ASX: HMC)	$6.60	4.76%
Liontown Resources Ltd (ASX: LTR)	$1.58	4.64%
National Australia Bank Ltd (ASX: NAB)	$29.67	4.51%
Allkem Ltd (ASX: AKE)	$9.90	4.32%
APM Human Services International Ltd (ASX: APM)	$2.90	4.18%
Viva Energy Group Ltd (ASX: VEA)	$2.49	3.97%

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Why AMP, AVZ, Megaport, and NAB shares are pushing higher
• Are Megaport (ASX:MP1) shares a buy after smashing earnings? See what these brokers say
• ASX 200 (ASX:XJO) midday update: NAB impresses, ASX CEO to retire before CHESS replacement completes
• What are brokers expecting for ASX tech shares this earnings season?

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended MEGAPORT FPO. The Motley Fool Australia has recommended Bapcor and MEGAPORT FPO. 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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The Killi Resources (ASX: KLI) share price had an astonishing first day on the ASX. It rocketed 160% higher.

It has just gone through an initial public offer (IPO) process to raise $6 million to provide funds to enact its business strategy. The offer price was $0.20 and it finished today at $0.52.

What is Killi Resources?

This company is a new gold and copper explorer in Australia.

It has key projects are located in the Tanami region of Western Australia and Charters Towers/Ravenswood region in Queensland.

The projects

The West Tanami Project covers a 1,600 square kilometre land holding. The tenements cover a 100km strike length of the “well-endowed” Tanami Fault System which has several mines already including: The Granites, Dead Bullock Soak, Buccaneer and Coyote. The company revealed that technical evaluations of the prospects provide similar analogous gold signatures to those gold mines along strike to the south-east.

The Balfour Project is a copper exploration project in WA covering 350 square kilometres of the Proterozoic Rift boundary of the Pilbara. Multiple base metals targets have been identified, and remain untested.

The Mt Rawdon West project is situated next to the Mt Rawdon Mine owned by Evolution Mining Limited (ASX: EVN).

Finally, the Ravenswood North project covers a large tenement package in Queensland, inland from Townsville, covering 590 square kilometres and is along the strike of the Ravenswood Mine.

Killi’s operational plans

Killi says that the projects present large-scale exploration opportunities, located in low-risk jurisdictions with excellent access.

These projects are “relatively underexplored” and the ASX share is looking to use “world-class” exploration practices to realise value for stakeholders.

Killi boasts that its board has significant expertise and experience in the mining industry and will aim to ensure that funds raised will be used in a cost-effective way to advance the assets.

Leadership experience

Richard Bevan is the non-executive Chair of Killi. He has been involved in a number of business areas. He has been the managing director CEO and chair of several listed and unlisted companies.

Mr Bevan was the founding managing director of Cassini Resources, which was acquired by OZ Minerals Limited (ASX: OZL). He is currently the non-executive Chair of Nimy Resources Ltd (ASX: NYM), as well as the non-executive director of Cannon Resources Ltd (ASX: CNR).

Greg Miles is a non-executive director and has 25 years of experience in the exploration and delineation of mineral resources.

Killi Resources’ CEO, Kathryn Cutler, is a geologist and has 15 years in the resource industry in Australia. For the past five years, Ms Cutler has held the position of exploration manager for two ASX gold miners – Saturn Metals Ltd (ASX: STN) and Aruma Resources Ltd (ASX: AAJ).

Killi Resources share price snapshot

After the explosive start to listed life, the undiluted market capitalisation of the business has increased from $10.4 million to $27 million.

The post Killi Resources (ASX:KLI) share price kills it on first day of trade, up 160% appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison 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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The A2 Milk Company Ltd (ASX: A2M) share price finished 1% lower on Thursday.

In a little more than a week, shareholders will be getting a look at the milk company’s performance for the first half. Estimates place A2 Milk’s earnings at NZ$60 million. If analysts are right, that would represent a 50% decrease on 1H21 earnings, which were down 35% from the prior year also.

A major influence on the disappointing performance throughout the pandemic has been the impact on the daigou sales channel. This channel involves purchasing by shoppers in Australia, before travelling back to China with the product.

So, with international travel expected to resume from 21 February — will it bring back A2 Milk sales with it? Maybe not, and here’s a look at why.

Daigou or dai-gone?

While A2 Milk has highlighted in previous ASX announcements that it will remain focused on China, it might not be quite the same.

The destruction caused to the daigou channel by COVID-19 has been vast. In 2019, the industry had reached revenues of $40 billion. Suddenly, it almost ceased to exist with international borders being locked down.

Industry experts have estimated that around 30% of the daigou speciality stores have either temporarily or permanently shut down. Although A2 Milk chair David Hearn has shared his belief that Daigou will not disappear, he also believes it won’t be the same.

In response, the infant formula company is not putting its eggs in the ‘daigou bounceback’ basket and waiting for them to hatch. This is despite indications that the daigou channel has been returning.

The once adored market darling of the ASX, A2 Milk, is taking a different approach. A2 Milk will be opting for a more localised strategy in China. This means building upon its China label brand with increased marketing and improving online sale capabilities.

The decision follows promising metrics displayed to shareholders in the annual general meeting back in November 2021. Namely, sales of A2’s China label were up 15.4% to $389.9 million. Comparatively, sales of the company’s English label were down 52.1%.

How has A2 Milk been doing on the ASX?

The A2 Milk share price has been a catastrophe for shareholders over the last year. In a devastating display of value destruction, A2 Milk has fallen 46% on the ASX during this time period. For context, the S&P/ASX 200 Index (ASX: XJO) has managed to provide a positive return of 6.4%.

Long-term shareholders will be hoping to see a glimmer of the once-booming company in the A2’s results this reporting season.

The post Why opening borders might not be the good news A2 Milk (ASX:A2M) shareholders have been hoping for appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler 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 recommended A2 Milk. 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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ASX mining shares have started the year well with the overall sector dominating the benchmark index’s return since 2022 began.

The S&P/ASX 300 Metals & Mining Index (XMM) has climbed more than 7% this year to date and another 5% in the past week, indicating these strengths in the broad sector.

The momentum has spilled over into 2 ASX mining shares in particular today, with each name nudging past its 52-week high during the session. Let’s take a look.

Iluka Resources Limited (ASX:ILU)

Shares in Iluka Resources have spiked almost 11% since January 4 and investors are throwing their support behind the company today as well.

The mining and exploration company cruised past its 52-week high in early trading today, hitting a peak of $11.37 before trading back down to now sit at $11.21 on last check.

Previously, the company advised it had recognised a 6% year on year jump and a 54% gain in Zircon production in its quarterly review to 31 December 2021.

With this kind of momentum, analysts at Goldman Sachs reckon that Iluka has potential to deliver an earnings surprise to the upside in its upcoming yearly results on 24 February.

The broker’s forecasts are underpinned by hot-running commodity markets that are suffering supply shortages across the board, driving prices to multi-year highs.

“We are Buy rated on mineral sands/rare earth producer ILU and add the company to our Conviction List (CL) on attractive valuation and compelling Zircon and TiO2 price upside and Rare Earth growth potential” the broker said in a recent note.

Goldman values Iluka at $12.60 per share as of February, alongside Macquarie who values the company a buy at $12.40 per share.

Sandfire Resources Ltd (ASX: SFR)

Shares in copper and gold player Sandfire resources have exploded on the scene in 2022, gaining 13% in that time after rallying 9% in the past week alone.

Investors were positive on the company following the release of its quarterly results last month, where the company reaffirmed its production guidance for the year.

Positively, the acquisition of the MATSA Mining Complex, located in Spain, was given the go-ahead by Spanish authorities in December, marking a huge milestone in the company’s growth narrative.

Sandfire shares popped again in the early days of February after the company advised it had finalised the transaction of the MATSA complex.

As The Motley Fool reported at the time, “the US$1.87 billion (AU$2.6 billion) transaction will transform Sandfire into one of the largest ASX copper-focused miners”.

Consequently, Sandfire now has control of a world-class asset consisting of three underground mining operations in the fertile mining regions of Spain.

In the last 12 months, the Sandfire share price has climbed 58% and has jumped another 9% in the last week of trading alone. Both sets of returns of both stocks are plotted against the mining index on the chart below.

The post 2 ASX mining shares cracking 52-week highs today appeared first on The Motley Fool Australia.

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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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The Bitcoin (CRYTPO: BTC) price currently stands at US$43,845 (AU$59,224).

That’s almost right where it was this time yesterday, but down 3% from levels of US$45,268 on Tuesday, according to data from CoinMarketCap.

Now a 3% fall in the Bitcoin price in 2 days is almost negligible in the highly volatile world of cryptocurrencies.

Indeed, the world’s first crypto remains up 19% over the past 7 days. Though it’s still down 36% from its 10 November record highs.

But after hitting its best winning streak in 4 months, crypto investors are wondering whether the next trend following the current breather will be up or down.

Where to for the Bitcoin price?

Commenting on the recent pullback in the Bitcoin price, Matt Maley, chief market strategist at Miller Tabak + Co said (quoted by Bloomberg), “[The] pullback is due to some profit-taking after a big move. Bitcoin had rallied about 38% on an intraday basis in less than two weeks, so I think it’s just a matter of traders taking some short-term profits.”

Noting that the crypto remains above its trend-line from the 10 November high, Maley added it had “plenty of room to take a breather over the near-term without disrupting its recent advance”.

Meanwhile, analysts at crypto exchange Kraken are keeping a close eye on the pace of the US Federal Reserve’s monetary tightening and the severity of the global pandemic:

With a hawkish shift from the Fed, continued omicron fears, lower stock valuations, and inflation fears at a multi-decade high, crypto remains vulnerable to de-risking should equity markets correct in the coming month(s).

A technical analysis approach

Katie Stockton, founder of Fairlead Strategies, is taking a technical analysis approach in gauging the Bitcoin price.

As Bloomberg reports, Stockton “is tracking something called the monthly MACD momentum gauge for Bitcoin”.

What’s that?

Well, it stands for moving average convergence divergence. Equity analysts use it as a trend-following momentum indicator.

Stockton says the MACD momentum gauge was flashing “buy” since July 2020 before crossing into “sell” at the end of January, when the Bitcoin price fell below US$40,000.

According to Stockton, “It tells us that this year could see more volatility, and it means we need to be more short-term oriented when committing to long positions.”

The post Bitcoin price rally fizzles. Here’s what the experts are watching for next appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and recommends Bitcoin.  The Motley Fool Australia owns and recommends Bitcoin. 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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The Computershare Limited (ASX: CPU) share price has been on fire this month.

Since trading closed on January 31, it has soared almost 17%. Much of this gain has come on the back of the company’s half-year results, which were released after the market closed on Tuesday.

In fact, the stock transfer company’s shares hit an all-time high of $23.17 during early morning trade today. They ended the day fetching $22.78 apiece, up 2.75%. That follows an 11.24% gain yesterday.

The share price rise comes amid a wider sell-off in the ASX technology sector over recent weeks.

Computershare delivers a positive set of results

The Computershare share price has been surging since the company reported strong numbers for H1 FY22.

For the six months ending 31 December, the company achieved a 4.6% increase in management revenue to US$1.2 billion. This came from growth in register maintenance, governance services, and employee share plans.

Computershare noted that bankruptcy and class actions in the US mortgage services sector remain subdued due to macro challenges.

Looking at the other metrics, management earnings before interest and tax (EBIT), excluding margin income, surged 16.7% to US$157.8 million.

Management earnings per share (EPS) rose 4.5% to 22.76 US cents.

Additionally, the board declared an interim dividend of 24 Australian cents per share, up 4.3% over the prior corresponding period.

No doubt, the robust performance led the Computershare share price to accelerate yesterday and continue its run today.

Helping support this ascent, a group of brokers weighed in on the back of the company’s results.

The team at UBS raised its 12-month price target by 11% to $25.00 for Computershare shares. This was followed by Morgan Stanley which also bumped up its outlook on the company by 16% to $25.00.

Based on the current share price, this implies a potential upside of roughly 10% for investors.

In addition, analysts at Morgans lifted their assessment by 16% to $23.92 for Computershare shares.

Computershare share price snapshot

The Computershare share price has rocketed by 58% since this time last year. It is also up around 14% this year to date.

At today’s price, Computershare commands a market capitalisation of around $13.38 billion.

The post What tech sell-off? This ASX 200 share is smashing new, all-time highs appeared first on The Motley Fool Australia.

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ASX exchange-traded fund (ETF) investors can’t seem to catch a break. Almost every month or two, it seems a new ASX ETF joins the Aussie share market. Last year alone, we saw the ASX debut of the BetaShares Crypto Innovators ETF (ASX: CRYP). Not to mention the BetaShares Climate Change Innovation ETF (ASX: ERTH). Or the ETFS Hydrogen ETF (ASX: HGEN). But today, the ASX welcomes yet another new fund. This one is also from provider BetaShares, and is now known as the BetaShares Video Games and Esports ETF (ASX: GAME).

GAME aims to track the Nasdaq CTA Global Video Games & Esports Index. This, in turn, aims to provide “exposure to a portfolio of leading global video gaming and esports companies”.

The provider points out that video games and esports have been a ballooning industry over the past decade or two. It is expected to grow far further over the coming years, if BetaShares is to be believed.

As it currently stands, GAME’s portfolio has 49 different underlying holdings, hailing from 11 different countries. The largest chunk is towards the United States though, with more than 40% of the portfolio.

GAME on for a new ASX ETF

Its largest shares include Activision Blizzard Inc (NASDAQ: ATVI), Electronic Arts Inc (NASDAQ: EA), China’s Tencent Holdings, Japan’s Nintendo and Take-Two Interactive Software Inc (NASDAQ: TTWO).

But GAME isn’t the first ETF to cover gaming and esports on the ASX. The VanEck Video Gaming and Esports ETF (ASX: ESPO) has been listed on the ASX since September 2020. It currently holds many of the same shares as GAME, including Tencent, Activision Blizzard and Nintendo, albeit with more weighting to chip makers like NVIDIA Corporation (NASDAQ: NVDA). However, ESPO tracks a different index – the MVIS Global Video Gaming and eSports Index.

BetaShares tells us that the Nasdaq index that GAME will track has delivered a performance of -12.95% over the past 12 months, but a far more positive average of 18.77% per annum over the past 3 years.

GAME will charge its investors an annual management fee of 0.57% per annum, or $57 per year for every $10,000 invested.

BetaShares Video Games and Esports ETF units opened at $11.96 this morning and are currently priced at $12.12 each at market close today, up 1.42%. 

The post A new gaming ETF just joined the ASX. Here’s what we know appeared first on The Motley Fool Australia.

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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. owns and has recommended Betashares Crypto Innovators ETF. The Motley Fool Australia has recommended Activision Blizzard, Nvidia, and VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF. 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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The Origin Energy Ltd (ASX: ORG) share price spent today in the green despite the company announcing it has been hit with a non-cash impairment charge after it agreed to sell a 10% stake in Australia Pacific LNG.

The impairment charge is worth between $190 million and $200 million. It will be recognised in the company’s results for the first half of financial year 2022.

As of Thursday’s close, the Origin share price is $6.19. That’s 0.32% higher than it was at the end of Wednesday’s session.

For context, the S&P/ASX 200 Index (ASX: XJO) also gained 0.3% today.

Let’s take a closer look at today’s non-price sensitive news from Origin.

Origin’s $200 million impairment charge

The Origin share price moved in line with the broader market on Thursday despite the company announcing its half year results, being released on 17 February, will include a writedown of up to $200 million.

It follows Origin’s decision to sell 10% of its stake in Australia Pacific LNG to EIG Partners. The institutional energy infrastructure investor agreed to pay $2.12 billion for the stake in the asset.

The transaction is expected to be completed in the first quarter of 2022.

In today’s release, Origin said the charge will be partially offset by the release of a $100 million to $110 million benefit from the foreign currency translation reserve.

Additionally, the energy company expects to recognise a capital gains tax expense of $170 million to $180 million from the sale.

Though, it noted no significant cash tax payment is expected from offsetting tax deductions.

Origin share price snapshot

While the broader market has struggled in 2022 so far, the Origin share price has moved higher.

It has gained 15% year to date. In that time, the ASX 200 has slipped 4%.

Origin’s stock is also trading for 39% more than it was this time last year.

The post Origin (ASX:ORG) share price gains despite $200 million financial hit appeared first on The Motley Fool Australia.

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Motley Fool contributor Brooke Cooper 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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The EML Payments Ltd (ASX: EML) share price may be an undervalued opportunity according to some investors.

What does EML Payments do?

EML says that it provides an innovative payment solutions platform that helps businesses all over the world. Whenever money is in motion, its technology can power the payment process so that money can be moved quickly, conveniently and securely.

Want some examples? The business has three different segments.

One is the ‘general purpose reloadable’, with use cases like banking as a service, neo-lending, salary packaging and gaming payouts.

Next is ‘gift and incentive’, with uses like shopping centre gift cards, employer incentives and consumer incentives.

The third segment is ‘virtual account numbers’ with use cases like commercial payments and buy now, pay later (BNPL).

Recent growth

One of the main things that investors like to look at is the recent growth of the business. Therefore, its performance can have a serious impact on the EML share price. FY21 was the latest annual result released. It was also a record for EML.

FY21 gross debit value (GDV) increased 42% to $19.7 billion, helping revenue increase 60% to $194.2 million. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) grew 65% to $53.5 million. The underlying net profit after tax (NPATA) rose 54% to $32.4 million.

But that was the latest annual result. Investors have seen more up-to-date numbers with the first quarter of FY22. In the first three months of FY22, GDV grew 14% to $5.5 billion, gross profit increased 20% to $34.4 million and underlying NPATA surged 41% to $4.6 million.

Why might the EML Payments share price be undervalued?

Last year, the market crunched EML shares on concerns that the Central Bank of Ireland (CBI) could significantly hurt EML’s European growth based on anti-money laundering and counter-terrorism financing worries. The EML share price is still 37% lower than before that CBI news.

However, in late November it was announced that the CBI will permit EML’s European subsidiary to sign new customers and launch new programs, whilst staying within the material growth restrictions. EML is confident that it can meet those obligations. Broad-based reductions will not be imposed.

UBS reckons that EML is now less risky because of the positive update from CBI. The ability to keep on winning customers is positive. EML has been working on removing higher volume, lower-yielding programs to enable it to comply with the material growth restriction.

For UBS, the price target on the EML share price is $4.40. That’s around 35% higher than today’s price.

Other ASX growth share price targets

Is EML the most undervalued ASX growth share? Well, UBS has a bigger price target upside on other businesses. But that’s not to say EML isn’t an attractive opportunity.

For example, the Temple & Webster Group Ltd (ASX: TPW) price target from UBS is $11.80 – around 40% more than today. The UBS price target on Adore Beauty Group Ltd (ASX: ABY) is $6 – this implies an upside of around 100%.

The post Is the EML (ASX:EML) share price the most undervalued growth opportunity? appeared first on The Motley Fool Australia.

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• 2 fast-growing ASX shares rated as buys in this correction
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• Here’s why the EML (ASX:EML) share price could be a big opportunity

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended EML Payments and Temple & Webster Group Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Adore Beauty Group Limited. The Motley Fool Australia owns and has recommended EML Payments. The Motley Fool Australia has recommended Adore Beauty Group Limited and Temple & Webster Group Ltd. 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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