【Financial News】
Australia launched the National Battery Recycling Program to open 2,351 drop-off points
Australia's national battery B-cycle program was officially launched on February 15, and Australians can recycle batteries in major supermarkets, hardware chains, stationery suppliers and battery retailers.
According to The Australian, a total of 2,351 used battery launch points have been launched across the country, including many Coles, Woolworths, Aldi, Bunnings and Officeworks stores, with a further 1,200 new launch points in the coming weeks.
According to a report by the Australian Scientific and Industrial Research Organisation (CSIRO), only 2% of the waste lithium-ion batteries recycled in Australia each year are recycled, and the number of scrapped batteries is growing at a rate of 20% per year, reaching more than 100,000 tons by 2036.
The B-cycle program, which aims to recycle 95 percent of the battery modules or use them in other industries, has been doing pilot runs before. B-cycle CEO Libby Chaplin pointed out that the current supply of battery raw materials is relatively limited.
The B-cycle program was founded by the non-profit Battery Stewardship Council (BSC) and received a $1 million grant from the federal government.
Funding for the scheme is said to be raised in the form of voluntary taxes from battery manufacturers, almost all of whom are international businesses.
NSW attracts $100 billion in renewable energy potential investment Energy reform accelerates
NSW's coal-rich Hunter Valley and Central Coast regions will create renewable energy generation and storage projects with a total power generation capacity of more than 40 gigawatts, which have attracted $100 billion worth of commercial investment.
According to The Australian, a number of developers and investors are considering building a total of 24 solar power plants, 13 onshore wind projects and 7 offshore wind projects, 35 large batteries and 8 pumped storage projects in the local renewable energy industrial zone.
According to the NSW 20-year energy blueprint plan, the state will build five renewable energy industrial zones in the next decade to cope with the energy gap caused by the gradual shutdown of thermal power stations.
Demand for transport fuels is strong Oil prices may remain close to $100 per barrel
Even if the situation in Ukraine eases, oil prices are likely to remain close to $100 per barrel in the short term, given strong demand for transport fuels.
On Tuesday, west Texas intermediate crude prices rose to $95 a barrel, the highest since 2014. Just two days ago, Brent crude prices hit their highest level since 2014.
Morgan Stanley expects Brent crude to trade at $100 a barrel in the second half of 2022 and $95 per barrel in 2023. JPMorgan General Expects the average price of Brent crude oil to be $90 per barrel in 2022 and $80 per barrel in 2023.
Western Australia will announce an opening date this month
Wagan Governor Mark McGowan confirmed on Tuesday that a date for the reopening of WA's borders would be announced in the coming weeks.
Governor McGowan said the Waja government would announce this month when the WA border would reopen, given the rising vaccination rate for 3rd dose in Western Australia, the peak in the number of infections on the East Coast and the fact that more children were vaccinated.
Western Australia was scheduled to open its borders on Feb. 5, but cancelled the scheme last month. However, due to pressure from all sides, WESTERN Australia has adjusted its response to the outbreak and halved the quarantine period for those approved to enter the country to 7 days.
A total of 62 cases of COVID-19 infection have been reported in Western Australia, including 48 indigenous cases.
Australia's CBD apartment vacancy rate in January was 1.3% at a 16-year low
According to data released by real estate research institute SQM Research on Tuesday, the vacancy rate of apartments in the CBD across Australia in January this year was 1.3%, lower than the pre-epidemic level and hitting a 16-year low.
Louis Christopher, the agency's general manager, said that the decline in listings and the rise in tenant demand are the main reasons for the decline in the vacancy rate of apartments in the CBD.
Sydney's CBD vacancy rate fell 1.2 percentage points to 4.5 per cent, below the pre-outbreak level of 4.6 per cent. Melbourne's CBD vacancy rate fell 1.7 percentage points to 4 percent, similarly below the pre-outbreak level of 4.6 percent. Historical data shows that the vacancy rate in Sydney's CBD once peaked at 16.2%, and Melbourne climbed to 10.6%.
CoreLogic: The shadow of interest rate hikes is coming, and the housing prices in australian local cities may not last long
According to CoreLogic data, in the quarter from September to November last year, house prices in Australian local cities rose by 6.3%, more than twice the growth rate of capital cities. However, due to interest rate hikes and tightening of home loans, it may be difficult to continue this momentum in the medium term.
According to The Australian Financial Review, Owen, head of research at CoreLogic, said that from the historical performance, local cities and capitals have rarely deviated from house price trends, and the active performance of local markets may only be a temporary phenomenon. If official interest rates rise, house prices across the country are expected to fall widely. Owen expects house price growth in Australian local cities to slow down this year.
There are already first signs of cooling in local urban housing markets, with the average property sold in the quarter ended November being 23 days, but recently rising to 30 days, and the overall increase in local housing prices fell to 1.8% in January from 2.2% in December.
There were 8,149 new COVID-19 cases in Victoria and 18 deaths
As of last night, there were 8149 new COVID-19 cases (previous value 8162), which was slightly lower than the previous value, of which 5295 rat cases were detected rapidly, 2854 PCR cases were tested for nucleic acid testing, and 18 people died. Yesterday, there were 23278 PCR tests (previous value 16146). Active cases 49936 (previous value 50967), slightly less than the previous value.
There are currently 397 hospitalized patients (previously 441) in Victoria, 68 (previously 67) patients in ICU, and 13 patients in need of ventilators. The number of hospitalized patients decreased significantly, and the number of severely ill patients increased slightly.
As of last night, the three-dose vaccination rate for Victorians over 18 years old has exceeded 52%, and the two-dose vaccination rate for people over 12 years old has exceeded 93%.
Victorian Ministry of Health
In NSW, 10,463 new cases were reported, and 27 people died
In the 24 hours as of 8 o'clock last night, there were 10,463 new confirmed cases (previously 8,201), a significant increase from yesterday. Among them, PCR cases are 4068, and rapid detection confirms rat cases 6395.
There were 27 deaths. A total of 1,772 cases have died since the outbreak.
At present, the total number of hospitalizations in the NSW Ministry of Health has reached 1478 (previous value 1583), and 92 patients (previous value 96) are in intensive care in the ICU. Hospitalized and critically ill patients were slightly less than before.
Source: NSW Ministry of Health
As of 14 February, the one-dose vaccination rate for residents aged 16 years and older in NSW has reached 95.6%, the two-dose vaccination rate has reached 94.2%, and the three-dose vaccination rate has reached 49.1%. 83.5 per cent of adolescents aged 12 to 15 years were given one dose and 78.9 per cent were given two doses. 45.8% of children aged 5 to 11 years have received one dose of the vaccine.
Pandemic Update Link: 2022 media releases from NSW Health - News
The nasdaq rose more than 2% Online education stocks rose the most
According to the Oriental Wealth Research Center, on Tuesday, the three major U.S. stock indexes rose across the board, and as of the close, the Dow rose 422.67 points to close at 34988.84 points, up 1.22%; the Nasdaq rose 348.84 points to close at 14139.76 points, up 2.53%; the S&P 500 index rose 69.40 points, closing at 4471.07 points, up 1.58%. On the disk, the popular Chinese stocks rose collectively, online education stocks rose in the front, Good Future, Liulishuo rose more than 21%, Gaotu closed up 20%, New Oriental rose more than 10%, Weilai, Xiaopeng Automobile, iQiyi, Bilibili rose more than 8%, NetEase Youdao rose more than 7%, Ideal Auto rose nearly 6%, Baidu, Alibaba, Pinduoduo rose more than 3%; most of the large technology stocks rose, the semiconductor sector led the rise, Tower Semiconductor rose more than 42%, Intel announced that it would buy Tower Semiconductor at $53 per share in cash Nvidia rose more than 9%, Micron Technology, AMD (Chaowei Semiconductor) rose more than 6%, Tesla rose more than 5%, Qualcomm, Asmak rose more than 4%, Netflix, Apple rose more than 2%; the energy sector fell, Houston Energy fell more than 7%, Western Oil fell more than 3%, Caron Oil, Marathon Oil fell nearly 3%, Murphy Oil, ConocoPhillips Oil fell more than 2%.
Major European stock indexes rose across the board Germany's DAX30 rose nearly 2%
Oriental Wealth Research Center news, European time on Tuesday, the main European stock index rose across the board, as of the close, the British FTSE 100 index closed at 7608.92 points, up 77.33 points from the previous session, an increase of 1.03%; the French CAC40 index closed at 6979.97 points, up 127.77 points from the previous session, up 1.86% The German DAX30 index closed at 15412.71, up 298.74 points, or 1.98%, from the previous session.
Late at night blockbuster! Putin suddenly announced a partial withdrawal of european and American stock markets soared! Russia's three more tricks to turn around?
According to the Oriental Wealth Research Center, on February 15, Russian President Putin also made a clear statement and has made a decision to partially withdraw troops. Putin said, "Of course we do not want war in Europe. "The approval of Schroeder's entry into gazprom's board of directors is for the benefit of Germany and Russia, where consumers who buy Russian gas can get cheaper gas. France and Germany should push Kiev to implement the Minsk agreement. Putin also said that Russia will act according to the development of the situation. Russia will seek a diplomatic solution.
Republicans boycott en masse the Senate Banking Committee's postponement of a vote on the Fed's nominee
According to the Oriental Wealth Research Center, on Tuesday (February 15), local time, due to the collective boycott of Republicans on the US Senate Banking Committee, the chairman of the committee, Sherrod Brown, had to announce the postponement of the vote on the Fed nominees such as Powell. The Senate Banking Committee was scheduled to vote on five Fed nominees, including Fed Chairman Jerome Powell, on Tuesday afternoon, but Republicans on the committee strongly opposed the Biden administration's nomination of Sarah Bloom Raskin as the Fed's next vice chairman for regulation, as they collectively missed the voting session.
Putin made clear "ready to negotiate" to ease tensions International oil prices closed down more than 3 percent on Tuesday
According to the Oriental Wealth Research Center, after a number of geopolitical issues related to crude oil showed signs of easing this week, international oil prices fell significantly from their nearly seven-year highs on Tuesday, and U.S. oil and cloth oil both closed down more than 3%. It should be noted that the recent wave of oil prices is due to the UNITED States over the weekend and said that "Russia will attack Ukraine this week". But as the regional situation continued to ease over the past two days, this assumption of self-defeating also quickly put an end to speculators who were long crude oil.
Inflationary pressures persist and stubborn US PPI growth in January tripled expectations
According to the Oriental Wealth Research Center, on Tuesday morning local time, the U.S. Department of Labor's Bureau of Labor Statistics (BLS) released the January producer price index, showing that U.S. inflation did not ease at the beginning of the new year. According to official data, the US PPI increased by 1% month-on-month in January, also double the expected value of 0.5%. After 21 consecutive months of month-on-month growth, the annual growth rate of PPI also reached 9.7%, also higher than the market expectation of 9.1%. Energy and food remained the main sources of PPI growth in the sub-item, up 2.5% and 1.6% month-on-month in January. Service prices rose 0.7% month-on-month, unchanged from December.
【Australian Stocks】
Locality raises capital to build renewable energy power projects locked in cryptocurrency mining company STAK options
Locality Planning Energy Holdings Ltd (ASX:LPE) disclosed to the market on Monday that the company's original $6 million placement plan, which was firmly supported by senior and institutional investors, was significantly oversubscribed and ultimately raised $7.5 million.
The funds raised will be invested in the BioHub project in Bundaberg, Queensland, to develop a vertically integrated renewable energy generation system. LPE will act as a power retailer to power local cryptocurrency mining and data center tenants.
According to the announcement, the BioHub project aims to generate electricity through biogas, hydrogen and solar energy, focusing on five tenants, including renewable energy cryptocurrency miner STAK Mining. Under the agreement, LPE will have the option to convert the $3 million invested in the project's infrastructure into a 50% stake in STAK, and is expected to receive corresponding mining cash proceeds.
Justin Pettett, chairman of LPE's board of directors, said that participating in the BioHub project will help the company expand its revenue streams, and through potential investments in crypto miners, it is expected to thicken the profit sources.
LPE also reminds shareholders that in the future, if the exercise of options may constitute a change in the main business, and then need to re-compliance with the listing, because this may involve a change in the nature of the main business of the listed company, it requires the consent of the exchange and the approval of relevant regulatory authorities, and there is uncertainty about whether it can be achieved in the future, but the company also said that if the right cannot be exercised, the company will consider transferring the right to exercise.
Shares of the LPE were up 5 per cent at $0.105 on Tuesday, trading 1.03 million shares. The stock is down 50% over the past year.
BioHub project concept art (Image: LPE)
Holding hands with Ali's subsidiary to start the transformation road in the midst of the collapse of the "Healthy Mommy" dairy stock Halo
Halo Food Co. Ltd (ASX:HLF) disclosed to the market on Tuesday that it had signed a formal agreement to acquire Nutraceutical e-commerce company The Healthy Mummy (THM) in the form of a $17 million cash-plus-out pay plan (earn-out).
HLF, formerly known as Keytone Dairy, which manufactures, oem and exports dairy nutraceuticals, was renamed Halo Foods in November last year. HLF has previously performed poorly, with a loss of nearly $8.2 million in fiscal 2021.
On Tuesday, shares of the HLF Stock Exchange plunged 23.08 per cent to $0.1 with a trading volume of 8.85 million shares. In the past year, the stock has fallen sharply, falling by 56.52%.
It is worth noting that in order to reverse the business situation, Halo has recently reached important transaction plans. The day after the company announced the name change, HLA disclosed that it had signed a strategic cooperation framework agreement with Alibaba's Newland New Cloud.
(Read more about "Dairy company Halo Food signs $40 million MOU with Newlands, China")
Halo's acquisition of "Healthy Mommy" focuses on the e-commerce distribution of maternal nutrition and health care products, and the company has grown rapidly, achieving revenue of 21 million Australian dollars and normalized EBITDA profit of 4 million Australian dollars in fiscal 2021.
Halo Foods CEO Danny Rotman said the acquisition of THM was "transformative" and that the "Healthy Mommy" business is highly complementary to the existing business and is expected to deliver strong financial gains for the company.
(Screenshot taken from HLF's February 15 announcement)
Halo executives (Image: HLF)
According to the plan, Halo's manufacturing plant will be OEM for THM products, and THM will also bring cross-selling opportunities for Halo products. The combined entity is expected to achieve annual revenue of $84 million and normalized EBITDA of $5.2 million.
To support the transaction, HLF announced a $3.5 million placement scheme and a $3 million share purchase scheme (SPP). Among them, the Placement Scheme has been fully subscribed.
HLF will also receive $13 million debt financing support from Arrowpoint Capital.
Halo processing assets (Image: HLF)
FML: Shandong Gold does not support Theta's latest offer and rejects the takeover offer again
Following Theta Gold Mining's (ASX:TGM) bid for the takeover, Shandong Gold, the controlling shareholder of Fox Metal (ASX:FML), made a statement saying it still "does not support" Theta's offer and has no intention of selling any FML shares it owns or controls "in its current form."
(Extended reading of "China Capital Mining Stock Acquisition Case Welcomes the Inflection Point, Shandong Gold Force Refuses to Offer Theta Showdown Final Offer")
Shandong Gold-related statement disclosed on the ASX on 15 February (Source: FML)
Fox said in the ASX announcement that it advises shareholders not to take any action on the latest offer until the board gives its formality.
TGM and FML shares closed at $0.295 and $0.165 respectively on Tuesday. Based on the latest offer of 2.5 shares for 1 shares, the TGM Offer premium rate is about 39.8%.
Theta has estimated that if Shandong Gold does not sell any shares, the company will receive up to 32.65% of Fox's shares.
CSL maintains interim dividend share price surged more than 6%
Blood product giant CSL (ASX:CSL) announced on Wednesday that it maintained its interim dividend despite a decline in profits in the first half of the fiscal year. The Company has decided to pay an interim dividend of $1.04 per share, the same amount as the dividend paid a year ago.
The company said revenue rose 5 percent to $6.04 billion ($8.45 billion), but profit slipped 3 percent to $1.76 billion. At constant exchange rates, profit fell by 5%, a result that was in line with expectations. Many of the company's products experienced strong growth, with net profit after tax expected to be between $2.15 billion and $2.25 billion in fiscal 2022.
Affected by the announcement, CSL shares rose early on Wednesday. It traded at $258.11 at 11:17, up $15.11, or 6.22%. The stock's return on investment for nearly a year has been a loss of 9.70%.
Fuyi Wine Group's Chinese market was hit hard, and its net profit fell sharply
Fuyi Wine Group said on Wednesday that its net profit fell by 7.5 per cent to A$109.1 million in July-December due to a heavy blow to the Chinese mainland market, a heavy blow to the food and beverage industry dealt by the covid-19 pandemic and significant internal adjustments.
The company's profit in the Chinese mainland market fell to $2 million, compared to $78.2 million a year ago. Before China raised wine import tariffs on Phu Yi Wine Group in November 2020, the company sold wine worth about A$1.3 billion a year to the Chinese market.
Fuyi Wine Group was once Australia's largest wine exporter to China, but China imposed a 175.6% tariff on the company for five years.
FMG profit fell, share price fell more than 2%
Iron ore giant Fortescue (ASX:FMG) announced on Wednesday that half-year shipments were record highs, contributing $2.8 billion (A$3.92 billion) to net profit after tax, the third-highest on record. Net profit after tax decreased 32% year-on-year.
The announcement said that in the six months ended December 31, the company's basic EBITDA was $4.8 billion, and the basic EBITDA margin was 59%. Revenue decreased 13% to $8.12 billion. As of December 31, 2021, its balance sheet remained strong with net debt of $1.7 billion. The Company announced a fully tax-free interim dividend of $86 cents per share, which is 41% lower than last year's dividend of $147 cents per share.
FMG shares fell in early trading on Wednesday after the announcement. It traded at $21.07 at 11:42, down $0.52, or 2.41%. The stock's return on investment in the past year has been a loss of 11.10%.
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