How was your day?
Great news today from PEAK's portfolio company ASX:BCC as it received its sixth ZOLEO order to fulfil increasing demand from retailers.
To read the full announcement, click here
For those of you that are interested, we will be hosting a call with BCC's Managing Director Michael Capocchi on Friday 12th March at 9:30am AEST.
Across Markets…
S&P/ASX200 started positive, but closed 0.8% lower at 6714.
Wall Street futures pointing to a soft session tonight. The Nasdaq mini is down 0.4% at 3.30pm, the Dow Jones mini is down 0.1% and the S&P500 is down 0.3%.
Iron ore dropped 6.1% to $US158.38 today, the lowest price since 9 February.
Australian 10-year government bond yields are at 1.7% this afternoon, while New Zealand 10-year yields are up to 1.8% amid increased expectations of a rate hike this year.
Oil prices fell overnight with West Texas Intermediate crude down 0.1% to $US63.98 and Brent crude down 1.1% to $US67.52.
Source: SMH
Global online payment giant PayPal is joining the Australian buy now pay later (BNPL) market, going up against local rival Afterpay (ASX: APT) with the launch of its ‘Pay in 4’ credit platform.
In an announcement on Wednesday, the Nasdaq-listed giant said its BNPL solution will be available to its 9 million Australian customers in early June, ready for use by the end of financial year sales.
PayPal launched its BNPL platform in the US market last September, and its entrance in the Australian market is a sign of the growing competition in the space.
PayPal’s biggest rival in Australia would be $33 billion Afterpay, which has grown swiftly since listing five years ago.
Next in line is $4.7 billion Zip Co (ASX: Z1P), which has also been rising up the ranks particularly in the last year.
Source: Small Caps
China stocks rebounded on Wednesday after the blue-chip index slumped to a near three-month low in the previous session, with healthcare shares leading the gains as investors hunted for bargains.
At the midday break, the Shanghai Composite index was up 0.67% at 3,381.84 points, while the blue-chip CSI300 index was up 1.37% after ending at its lowest since Dec. 22 on Tuesday.
Leading the gains, the healthcare sub-index advanced 3.73% and the consumer staples sector gained 2.67%.
Chinese H-shares listed in Hong Kong rose 1.26% to 11,111.74, while the Hang Seng Index was up 0.45% at 28,904.00, boosted by a 3.7% jump in the tech sector.
The smaller Shenzhen index was up 1.06%, the start-up board ChiNext Composite index was higher by 2.95% and Shanghai’s tech-focused STAR50 index was up 1.28%.
Source: Reuters
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.087 -12.12%
Sector: Gaming & Digital Advertising
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m
Price Change: $0.11 +4.76%
Sector: Fintech
Year: 2020
Deal Type: Placement
Raise Amount: $1.5m
Price Change: $0.11 +4.76%
Sector: Satellite Communication
Year: 2020
Deal Type: Placement
Raise Amount: $5m
Price Change: $0.275 +1.85%
Sector: Vertical Farming
Year: 2020
Deal Type: Placement
Raise Amount: $1.53m
Price Change: $0.053 +8.16%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Sector: Hemp & CBD
Year: 2020
Deal Type: Pre IPO
Raise Amount: $2.5m
Price Change: CAD $0.28 -6.67%
Sector: Psychedelic assisted Therapy
Year: 2020
Deal Type: Pre IPO
Raise Amount: $1.5m
Price Change: CAD $0.16 +3.23%
Sector: mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.011 +10.00%
Sector: CBD
Year: 2021
Deal Type: Placement
Raise Amount: $5M
Price Change: $0.019 -5.00%
Sector: Mining (Gold)
Year: 2020
Deal Type: Placement
Raise Amount: $982k
Price Change: $0.004 Unchanged
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.009 -10.00%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak accepts no responsibility for any views expressed and marketing material contained in this email except where the message specifically states otherwise and the sender is authorised to state them to be the views of Peak. Information provided in this email is general advise only and does take account your objectives, financial situation or needs. Before acting on any advice in this email, Peak recommends that you consider whether it is appropriate for your circumstances. If this email contains reference to any financial products, you should obtain the current Product Disclosure Statement (PDS) or other disclosure documents for the particular products and consider this information before making any decisions regarding the products. The Financial Services Guide (FSG) can be found at www.peakassetmanagement.com.au or by telephoning Peak on 1300 304 460
