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MarketScreener Homepage  >  Equities  >  New Zealand Stock Exchange  >  Vista Group International Limited    VGL   NZVGLE0003S1

VISTA GROUP INTERNATIONAL LIMITED

(VGL)
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Australia shares gain as RBA hints at easing cash rate

10/14/2020 | 08:53pm EST

* New Zealand down after 11 consecutive sessions of gains

* RBA likely to lower cash rate by 15 bps - Goldman Sachs

* Miners hit over 3-wk high; Whitehaven Coal tops benchmark

Oct 15 (Reuters) - Australian shares rose on Thursday after the central bank signalled it was considering an interest rate cut, while New Zealand stocks looked set to snap their 11-session winning streak.

The S&P/ASX 200 index climbed 0.61% to 6,216.7 by 0016 GMT, led by mining, financials and energy stocks.

In New Zealand, the benchmark S&P/NZX 50 index was down 0.5% to 12,476.07, after adding 6.8% since September-end in the run-up to Oct. 17 elections.

Market participants in Australia cheered central bank Governor Philip Lowe's remarks that its board was mulling options to support jobs and businesses, adding that it felt monetary easing would become more effective as coronavirus curbs were lifted.

Goldman Sachs said in a note that the Reserve Bank of Australia's (RBA) dovish tone indicates it may lower the cash rate by 15 basis points to 0.1% and announce a new A$100 billion ($71.4 billion) quantitative easing programme to reduce long-term yields at its November meeting.

The central banker's remarks sent the Australian dollar sliding to a one-week low of $0.7129 against the greenback.

Leading gains on the benchmark index, the metals and mining index jumped 1.7% to its highest in more than three weeks.

Rio Tinto, the world's largest iron ore miner, firmed 2% a day before its quarterly production results, while rival BHP Group Ltd added 3.6%.

Financials stocks, which account for a major chunk of the index, rose 0.3%.

Westpac Banking Corp and National Australia Bank , two of the "Big Four" lenders, gained 0.2% and 0.3%, respectively.

Energy stocks climbed on the back of an overnight jump in crude prices and Whitehaven Coal's near 7% surge.

The country's biggest independent coal producer, Whitehaven Coal, rallied to the top of the ASX200 index after reporting strong quarterly coal production and sales.

On the New Zealand bourse, A2 Milk Company Ltd and Vista Group International Ltd were the top percentage losers, down 2.71% and 2.6% respectively.

($1 = 1.4004 Australian dollars) (Reporting by Anushka Trivedi in Bengaluru; Editing by Subhranshu Sahu)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.69% 0.73477 Delayed Quote.4.24%
BHP GROUP 2.52% 37.05 End-of-day quote.-4.80%
NATIONAL AUSTRALIA BANK LIMITED 0.04% 22.74 End-of-day quote.-7.67%
RIO TINTO GROUP 1.45% 100.89 End-of-day quote.0.49%
S&P/ASX 200 1.07% 6644.1 Real-time Quote.-1.83%
THE A2 MILK COMPANY LIMITED 0.14% 14.38 End-of-day quote.-4.26%
THE GOLDMAN SACHS GROUP, INC. 2.45% 228.83 Delayed Quote.-2.86%
VISTA GROUP INTERNATIONAL LIMITED 2.35% 1.74 End-of-day quote.-51.67%
WESTPAC BANKING CORPORATION 0.10% 19.93 End-of-day quote.-17.75%
WHITEHAVEN COAL LIMITED 1.95% 1.31 End-of-day quote.-50.38%
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More news
Financials
Sales 2020 70,6 M 49,4 M 49,4 M
Net income 2020 -38,7 M -27,1 M -27,1 M
Net cash 2020 37,7 M 26,3 M 26,3 M
P/E ratio 2020 -8,87x
Yield 2020 -
Capitalization 389 M 268 M 272 M
EV / Sales 2020 4,97x
EV / Sales 2021 2,72x
Nbr of Employees 700
Free-Float 85,7%
Chart VISTA GROUP INTERNATIONAL LIMITED
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Vista Group International Limited Technical Analysis Chart | VGL | NZVGLE0003S1 | MarketScreener
Technical analysis trends VISTA GROUP INTERNATIONAL LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Average target price 2,02 NZD
Last Close Price 1,74 NZD
Spread / Highest target 29,3%
Spread / Average Target 15,9%
Spread / Lowest Target 3,45%
EPS Revisions
Managers
NameTitle
Kimbal Harrison Riley Group Chief Executive Officer
Kirk Senior Executive Chairman
Matthew Cawte Chief Financial Officer
Murray Lawrence Holdaway Executive Director & Chief Product Officer
Brian John Cadzow Executive Director, Director-Commercial & Legal
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