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Company Interview / Market Update | Wesfarmers, Metcash, Viva, Whitehaven Coal, Gold Road Resources, Star Entertainment, Perseus

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Market Update | Wesfarmers, Metcash, Viva, Whitehaven Coal, Gold Road Resources, Star Entertainment, Perseus

Company Interview29 Jan, 2025

Local markets show slight gains, with the Ceboe 200 up over 0.5%. Latest CPI data suggests a potential RBA rate cut in February, while the Aussie dollar declines. Inflation decreases to 2.4%, the lowest rise since June 2020.

Wesfarmers sees stock rise, with Morgan Stanley predicting Bunnings will exceed Metcash. UBS lowers Viva's price target following a challenging forecast, and Star Entertainment sells Sydney assets for $60M.

Whitehaven Coal reports a 93% rise in Q2 production, while Boss Energy maintains strong production at its Honeymoon project. Gold miners like Perseus and Gold Road experience varying performance, as data centre and mining stock activities heat up.

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Market Update | Wesfarmers, Metcash, Viva, Whitehaven Coal, Gold Road Resources, Star Entertainment, Perseus - Ausbiz Capital