PEAK ASSET: AFTERNOON WRAP 21 SEPTEMBER: | ASX slumps on banks | China Shares Fall | Netlinkz is building an enduring technology advantage in the $US150bn mobile applications market

21 September, 2020

How was your Monday?

A terrific start to the week with Victoria recording only 11 new cases!

The team at Peak would like to to make a huge shout-out to Nathan from the Grampians for the delivery of fresh eggs for his ASX:ICI allocation (see pic below).

Extremely generous!

Across Markets…

This Afternoon, the Australian sharemarket closed lower on Monday, closing just 7 points off a three-month low, extending the equity market's September slump.

The S&P/ASX 200 Index fell 41.9 points, or 0.7 per cent to 5822.6, its lowest close since June 29 when the market closed at 5815.

The major banks led the declines, with Commonwealth Bank slumping 1.4 per cent to $63.50, Westpac sliding 1.4 per cent to $16.40, NAB declining 1.5 per cent to $17.04 and ANZ falling 1.3 per cent to $16.85.

Magellan Financial Group shares dropped 3.4 per cent to $54.99 after announcing it would be a founding shareholder of new investment bank Barrenjoey Capital.

Health stocks helped offset some of the losses, with Sonic Healthcare rising 2.7 per cent to $33.27 and CSL advancing 0.2 per cent to $283.25.

Source: AFR

Pic of the day

Local Equity News

Netlinkz’ VSN technology is uniquely suited to take advantage of broader tailwinds behind mobile data applications.

As technology advances, engineering solutions for major projects and networks are undergoing increasingly rapid rates of change.

With its Virtual Secure Network (VSN) platform, Netlinkz (ASX:NET) is positioned at the forefront of where industries are moving when it comes to data collection and transmission.

Netlinkz CEO James Tsiolis said when it came to the multi-trillion-dollar data economy, mobile applications were playing an increasingly important role.

A recent company presentation cited research that showed the global market for mobile applications totaled $US106bn ($144.9bn) in 2018 and is expected to grow at a compound annual growth rate of 18.4 per cent – climbing to $US150bn in 2020 and over $US400bn by 2026.

Similarly, the Ericson mobility report for Q2 2020 showed mobile subscriptions have reached over 3.2b across China and the Asia-Pacific – two of Netlinkz’s core target markets.

CLICK HERE FOR FULL ARTICLE

Source: Small Caps

Asian Market News

Across Asia, China stocks fell on Monday, dragged lower by consumer staples and financials, after China left its benchmark lending rate unchanged, with profit taking after expectations of more stimulus measures had lifted sentiment in the previous session.

At the midday break, the Shanghai Composite index was down 0.41% at 3,324.25 points. China’s blue-chip CSI300 index fell 0.52%.

The financial sector sub-index fell 0.52% after soaring 3.87% on Friday, while consumer staples eased 1.38% after gaining 1.69% on Friday.

China kept its benchmark lending rate for corporate and household loans, the loan prime rate (LPR), steady for a fifth straight month, as expected.

The decision came after the People’s Bank of China kept medium-term borrowing costs unchanged, and after President Xi Jinping said China’s economy remains resilient.

Source: Reuters

Recent Peak Deals

Company: Digital Wine Ventures (ASX:DW8)
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.056 Unchanged

Company: Candy Club (ASX:CLB)
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.15 Unchanged

Company: Tymlez (ASX:TYM)
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.11 +4.76%

Company: Okapi Resources (ASX:OKR)
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.18 -7.50%

Company: Golden Mile Resources (ASX:G88)
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.066 -4.35%

Company: Lifespot Health (ASX:LSH)
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.045 Unchanged

Company: Cfoam (ASX:CFO)
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.025 Unchanged

Company: Paradigm (ASX:PAR)
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.45 -2.00%

Company: Swift Media (ASX:SW1)
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.033 Unchanged

Company: MRG Metals (ASX:MRQ)
Sector: mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.0080 Unchanged

Company: Wellness and Beauty (ASX:WNB)
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3M
Price Change: $0.0060 Unchanged

Company: Sweet Earth Holdings (CSE:SE)
Sector: Hemp & CBD
Year: 2020
Deal Type: Pre IPO
Raise Amount: $2.5m
Price Change: CAD $0.16 -3.03%

Company: BPH Energy (ASX:BPH)
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $333k

Price Change: $0.055 -1.79%

Company: iCandy (ASX:ICI)
Sector: Gaming & Digital Advertising
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m

Price Change: $0.054 -5.26%

Company: Sabre Resources Ltd (ASX:SBR)
Sector: Mining (Gold)
Year: 2020
Deal Type: Placement
Raise Amount: $982k
Price Change: $0.012 Unchanged

Company: Golden Deeps (ASX:GED)
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.016 -5.88%

If you would like more information on future Peak deals, please don’t hesitate to get in touch.

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The trustee for Peak Asset Management Unit Trust (“Peak”) is a corporate authorised representative (#1249050) of Equity Underwriters Pty Ltd (AFSL #244040).

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

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